IQ Option can be considered to be an interesting choice for many traders as they have a demo account. In this IQ Option review, we will explain why, and how you can use this distinction for a better trading experience. For this purpose we will take a look at these features of IQ Option’s business:
Unique IQ Option features,
Binary options types & assets, and
Banking and security.
With this knowledge, you will be able to understand why IQ Option is a possible choice for binary options traders who first want to test a demo account and how this advantage can help you to enter binary options with better understanding of the whole process.
In this first section, we will take a look at the general features that make IQ Option interesting for many traders. Let’s start with the most interesting thing first:
IQ Option binary options demo for all
IQ Option review showed that this broker offers a demo that makes entering the market more approachable for binary options traders. The IQ Option demo works exactly like a real trading account – you get the same assets, the same binary options types, and the same trading environment – but it allows you to test these features with play instead of requiring you to invest real money, as a regular trading account would.
A demo is an essential tool to learn the basics of binary options trading. A binary options demo provides them with the risk-free environment to develop their skills without having to fear that a rookie mistake of not knowing the platform might ruin them.
Demo accounts are great tools for traders to learn the basics of binary options trading, but they have a catch: most brokers offer their demos as features of their regular accounts. This means, to get a demo account, you have to get a regular trading account; and getting a regular trading account requires you to make a deposit with the broker, usually around $250.
For traders, this creates a dilemma. To find out whether it makes sense for them to invest money in binary options, they have to invest money first – a somewhat illogical proposition.
IQ Option has solved this dilemma. Instead of offering its demo as a feature of their regular account, IQ Option review noted the platform offers their demo as a stand-alone account. Consequently, you do not have to deposit money to get the demo. All you have to do is sign up for the demo with your Facebook account, your Google account, or your email address, just like you would do with a mobile app.
Once you have completed this process, you can start using the IQ Option demo right away. Once you are done with the demo, there you do not have to worry about withdrawing your money and paying fees that may apply to the banking process. You can forget about your demo, and you will never have to worry about it again.
With this system, the IQ Option demo offers a much more trader-friendly system than demos that require you to make a deposit, which equips the IQ Option demo with a unique selling proposition that makes it the ideal learning tool for traders.
IQ Option review showed how this broker allows traders to start with less money than all other brokers. As we already mentioned, most brokers require you to deposit at least $250 before they allow you to open an account. These brokers also require you to invest large amounts on a single trade, often at least $25.
These terms are difficult to accept for many traders. Even if you have thousands of Dollars to spare, investing them into a form of investment that you have never tested before is risky, and investing $25 into your first trade well-knowing that you will likely lose this trade due to inexperience is an unnecessary risk to take.
IQ Option provides traders with a cheaper way of entering binary options. With IQ Option, the minimum investment per trade is only $1, which means that you can make your first real-money trade for an affordable price.
IQ Option’s low minimum investment per trade also results in a low minimum deposit requirement. IQ Options allows traders to start their trading career for only $10, the lowest minimum deposit of all brokers in the market.
With IQ Option’s industry-leading low minimum deposit requirement, anyone can try their hand at real-money binary options trading as it becomes more affordable.
Combined with the deposit-free IQ Option demo and the promised high payouts on high / low options, the low minimum deposit requirements have potential to pave an easily accessible way that can take newcomers from complete outsiders to real-money traders without requiring them to risk their entire savings.
You start with the demo, which you get deposit-free.
Once you know how to trade successfully with your demo, you invest only $10 to see whether your knowledge adapts well to real-money trading.
If you feel comfortable with real-money trading, you can trade your way up, or you can deposit more money into your account.
In their trading platform, IQ Option offers a number of built-in technical indicators that allow traders to find quality trading opportunities more easily. Technical indicators are trading tools that analyze past market movements to project what will happen to an asset in the future, which can help traders to know what to invest in at a single glance.
IQ Option review showed that this broker offers all traders the convenience of having their technical indicators and their trading in one place.
Assets and binary options types
Now it is time to dive deeper into this issue and analyze the tools IQ Option offers for you to trade the market. IQ Option review delivers some interesting facts on this topic.
IQ Option focuses on the most popular binary options type, high / low options. In addition to high / low options, IQ Option also offers turbo seconds options, which adapt the basic premise of high / low options to ultra-short time frames with expiries from 30 seconds to 300 seconds.
For these binary options types, IQ Option offers 100+ assets in these four categories:
While some other brokers offer more assets, IQ Option sticks with their commitment to a customer friendly service. They offer exactly the assets traders would know and want to trade and ignore the assets that would confuse them. You get all the big currency pairs such as the EUR/USD or the GBP/USD, all big stocks such as Google, Facebook, and BMW, and all the indices such as the Dow Jones, the DAX, and the Nikkei, but you do not have to deal with small assets you have never heard of.
Banking and security are the most important, but also the most neglected aspects of binary options trading. Most traders get so caught up in the pursuit of promised high payouts that they fail to ask themselves whether there is a chance for profit.
Luckily, IQ Option review showed this broker has managed to create a service that protects your money as well as possible. Mainly, IQ Option relies on these three measures:
1. SSL encryption
IQ Option encoders every transaction between you and their trading platform with the SSL protocol. The SSL protocol is the most reliable thing the web has to offer; it is the same encryption method that all the big banks use, and it absolutely guarantees that nobody can intercept your transactions and, for example, steal your password.
2. Personalized withdrawals only
With IQ Option, withdrawals from your account can only go to one of two destinations: A bank account in your name or the exact same credit card that you deposited the money with. This means, even if someone steals your password, for example by finding the piece of paper on which you have it down, they are unable to steal your money.
3. A thorough validation process for every new withdrawal method
To provide even more security, IQ Option refuses to accept new withdrawal methods. If someone wants to withdraw money into a bank account or to a credit card you have never used before, they must provide pictures of your ID, a proof of residence, and, if the withdrawal is via credit card, of the credit card. Since only you have these documents, only you can create new withdrawal methods with your account, and nobody can steal your money.
With these three security methods, IQ Option keeps your account completely safe from any outsider attacks. It is hard that someone else than you could log into your account and make a withdrawal. This security is a great advantage for every trader and helps you to sleep at night.
If IQ Option is the right broker for you, this review noted that you can open an account with them within the next five minutes. All you have to is follow these steps:
Follow one of the links we provided for you. It will take you to the IQ Option signup form.
Choose whether you want to open a demo account or a regular trading account.
If you chose the demo, you are done. If you chose the regular account, you now need to deposit money in your account. With credit cards, deposits are booked to your account immediately, which enables you to complete the entire registration process within the blink of an eye.
Follow these steps, and you can start trading right away.
IQ Option is a solid choice for traders as it has a demo account that is never charged for and can be used without deposit. You can start trading risk-free with the IQ Option demo, and once you know that you can make money, you switch to real-money trading, where you have the possibility to experience top-notch binary options trading.