IS IQ OPTION A GOOD BROKER OR IS IT SCAM?
Objective review by Binary Option Sheriff based on Real User Ratings. IQ Option is a fairly new Binary Option Broker that is gaining more confidence from traders and becoming more popular especially because it offers a totally free and without commitment Demo Account and the minimum deposit required to open an account is just $10. Positioned in highlight status for new traders who wish to learn binary options trading.
REVIEW AND SCAM INSPECTION OF IQ OPTIONS TRADING PLATFORM
|CHECK LIST||DESCRIPTION||SHERIFF RATING|
|WITHDRAWALS||WITHIN 3 DAYS – EASY WITHDRAWAL INTERFACE|
|BONUS||FROM 20 – 90%|
|PROTECTED AMOUNT ON TRADING||UP TO 25% OF INVESTED CAPITAL IF TRADE IS LOST|
|TRADE ACCOUNTS||NORMAL AND VIP|
|ASSETS TRADED||CURRENCY PAIRS 22, INDICES 7 AND STOCKS 46 AND 1 COMMODDITY GOLD|
|TRADING OPTIONS||CLASSIC HIGH/LOW , CONTACT TRADES, BOUNDARY, SHORT TERM AND TOURNAMENT
UNIQUE FEATURE: SAME TIME TRADING ON AN ASSET PAIR
|CURRENCY DEPOSITS||EURO, STERLING, USD, RUBLES AND REAL|
|ACCEPTS US TRADERS||NO|
|COMPATABILITY||AVAILABLE ON IOS AND ANDROID||
|SUPPORT||AVAILABLE 24/7 MULTILANGUAGE||
|PAYMENTS||VIA MAJOR CREDIT CARDS, WEBMONEY, SKRIL, NETELLER AND QIWI, BANK TRANSFER||
|EDUCATION||ES AND ONLINE EXPERTS AVAILABLE TO ASSIST TRADING||
IQ Option is Based in Cyprus and is owned by a holding company called Investlab Trading Limited. Infofield Premier Limited are the Management company which is running IQ Option. Although the Trading platform has been around since 2008, IQ Option itself was established in 2012.
IQ Option’s “no fancy” approach has made them especially attractive to the Russian market. They do not fall in the category of the standard Spot Option platform but have their own proprietary platform which varies significantly but which is fairly easy to navigate. Asset selection is made by means of a tab system to be found on top of the price chart. A drop down list on the right side of the tabs, will offer a bigger selection of Assets
IQ Option offer a Unique Feature whereby a trader can trade on the same asset pair within the expiry time. This makes it deal for traders who wish to “Fence” on the pair as a trading strategy because they can easily view their trades under the same umbrella so to speak.
As indicated earlier IQ Option has been particularly attractive to the Russian market and this has allowed it to grow since its inception in 2008. Their trading tournament which are free have a fund prize of $250 and may be won by competing with other traders. The winner is the trader who will have increased most his tournament deposit in a set time limit. Mega tournaments are also available with an entry price of $10 and a pot of $5000.
WITHDRAWALS – KEY SCAM FACTOR ANALYSED
Scam inspection places most focus on the withdrawals issue. With IQ Option, once your account has been verified, withdrawal is processed within three days to any of the list of channels in which clients may deposit. Withdrawals may be limited to the original investment value, so always discuss planning your withdrawals with your dedicated manager who will in turn advise how best to stagger profit withdrawals.
CONCLUSION OF SHERIFF’S REVIEW – IS IQ OPTIONS SCAM?
Though fairly new but regulated (CySEC for Europe, ЦРОФР for Russia and 2 more licenses) IQ Option is an ideal choice for traders with no experience and with a low capital to invest. It offers an ideal temperature for the small account holder niche market, particularly through its commitment free Demo Account and low minimum deposit. The biggest drawback for IQ Option is the limited choice of trading contracts that are available, but new contracts and assets are added periodically. If you are a trader who does not wish to commit but want to navigate and get a feel for the market, then IQ Option is probably a very good choice.
The Binary OptionSheriff scam detector has scanned the internet for complaints on IQ Option and was pleasantly surprised to find that IQ Option is above board with virtually no complaints. It is Highly recommended for start outs and is Sheriff APPROVED and is not a Scam Broker.
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IQ Options has been positively reviewed by another reliable site. Check out their review on Objective Binary Options