IQ Option is the ideal broker for newcomers to binary options. In this article, we will explain why, and how you can use this distinction to your advantage. 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 the ideal broker for newcomers and how this advantage can help you to enter binary options with as little risk and as much success as possible.
General risk warning
Unique IQ Option features – Why IQ Option is the best trader for newcomers
In this first section, we will take a look at the general features that make IQ Option stand out from the crowd. Let’s start with the best thing first:
The best binary options demo anywhere
IQ Option offers a demo that makes entering the market as easy as possible for newcomers. 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.
For newcomers, a demo is an essential tool to learn the basics of binary options and avoid initial losses. When new traders first start out with binary options, they lack the skills and the experience to turn a profit right from the start. A binary options demo provides them with the risk-free environment to develop their skills without having to fear that a rookie mistake might ruin them. We, therefore, recommend that all newcomers start their career with a demo account first.
The IQ Option demo is ideal for newcomers because it has the unique distinction of being the only binary options demo that combines a deposit-free access with a quality broker and high payouts. Let’s take a look at each of these aspects individually.
A deposit-free demo allows you to test binary options in the easiest way possible
Demo accounts are great tools for newcomers 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 newcomers, 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 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 newcomers 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 new traders.
High payouts make turning a profit easy
High payouts are the essential factor to your trading success. The payout indicates how much profit you will make if you win a binary option, and even slight differences in the height of your average payout can make a significant difference to your long-term trading success.
IQ Option offers some of the highest payouts in the business, which makes it easy for new traders to turn a profit even if their market analysis is still imperfect. For the EUR/USD currency pair, for example, IQ Option has offered an average payout of 85 percent in the past. This number is significantly higher than the 70 percent to 80 percent of average payouts that other brokers offer.
To understand how much the IQ Option payouts can improve your profits, consider this example. Even if another broker offered you an average payout of 80 percent, which would be a high estimate, you would get, on average, a 5 percent higher payout per winning trade with IQ Option. Since you can reinvest your profits, these 5 percent extra accumulate with the power of compound interest and can accumulate to large sums:
- Over 100 winning trades, IQ Option would make you an extra profit of 13,150 percent your original investment. With an original investment of $10, you would make $1,315 extra.
- Over 250 winning trades, IQ Option would make you an extra profit of 19,830,093 percent your original investment. With an original investment of $10, you would make $1,983,009 extra.
As these examples show, a higher average payout is significant. A typical binary options trader places at least 5 trades per day, which means that getting to 250 winning trades should not take you too long.
While most brokers try to woo customers by promising high maximum payouts of up to 95 percent, these brokers rarely offer these payouts in real-life trading. Instead, their average payouts are usually much lower than what you can get with IQ Option.
Newcomers can improve their position significantly if they avoid misleading promises and get the trustworthy alternative from IQ Option instead. In fact, with an average payout of 85 percent, you would only need to win about 55 percent of your trades to make money.
Since binary options offer only two options as to what can happen – prices rise, or prices fall – you would win 50 percent of your trades by simply guessing the direction like in a coin flip. After a little training with the IQ Option demo, even newcomers should be able to increase this value to the 55 percent they need to make money with IQ Option.
Uniquely low minimum investment requirements
IQ Option allows new 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. To trade such a high investment securely, a trader would need to invest at least $2,500; more would be better.
These terms are difficult to accept for newcomers. 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. If you like it, great. If you do not, you have lost almost nothing. This knowledge makes the transition from demo trading to real-money trading easy and affordable.
Combined with the deposit-free IQ Option demo and the high payouts on high / low options, the low minimum deposit requirements pave an easily accessible way that can take newcomers from complete outsiders to successful real-money traders without requiring them to risk anything at any point.
- 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.
This is the ideal way for any trader to enter the binary options world and move from newcomer to professional gradually and easily.
Technical indicators make market analysis easy
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.
Other brokers fail to provide their traders with such an intuitive investment solution. Consequently, traders who use these brokers have to find technical indicators elsewhere or rely on their intuition when investing. Both options are unnecessarily complicated and vastly imperfect.
IQ Option offers all traders the simplicity of having their technical indicators and their trading in one place. Especially newcomers can profit from this setup, as it makes their trading more intuitive and a lot easier.
Assets and binary options types
We had already touched on IQ Option’s binary options types when we mentioned that they offer some of the highest average payouts on high / low option. Now it is time to dive deeper into this issue and analyze the tools IQ Option offers for you to trade the market.
In line with their focus on providing newcomers with the ideal trading service, IQ Option focuses on the most newcomer-friendly 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 newcomers would know and want to trade and ignore the assets that would confuse newcomers. 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.
In conclusion, IQ Option’s binary options types and assets are in line with their goal of providing a newcomer-friendly service and enable newcomers to the binary options scene to start trading in the easiest and least confusing way possible, which will result in the highest possible profits.
Banking and security
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 high payouts that they fail to ask themselves whether the money they hope to make is safe.
Luckily, IQ Option has managed to create a completely safe service that protects your money as well as possible. Mainly, IQ Option relies on these four security measures:
1. SSL encryption
IQ Option encoders every transaction between you and their trading platform with the SSL protocol. The SSL protocol is the safest 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.
4. CySEC regulation & FCA approval
IQ Option is regulated by the European Union, specifically the Cyprian Security and Exchange Commission (CySEC), which enforces the strict laws the EU has passed in the wake of the 2008 financial crisis. These thorough rules guarantee that IQ Option will never employ any illegal methods. Additionally, the Financial Conduct Authority (FCA) of the Bank of England has approved IQ Option and monitors its status, too.
With these three security methods, IQ Option keeps your account completely safe. It is impossible 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.
How to open an account with IQ Option
If IQ Option is the right broker for you, you can offer 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 the ideal broker for newcomers. With a risk-free start, high payouts, and first class security, IQ Option provides newcomers with an environment in which they can gain experience. 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 profit from high payouts and great security.
We recommend IQ Option to everyone – you might find your way to financial independence. Who would refuse such an offer?