IQ Option is the best broker for binary options traders. Learn why here in IQ Option review here.
Combining great payouts and the best demo available, IQ Option is a much better choice than any of the scam brokers out there.
In this review, we will analyze the features of IQ Option’s business and explain how you can use these features to your advantage.
In detail, our IQ Option review will answer these questions:
General risk warning
IQ Option offers one of the most unique services of all binary options brokers. Every detail of their trading business is a little different from how other brokers do things, and all of these differences are an improvement.
Let’s look at IQ Option’s unique features one by one.
IQ Option offers the best average payouts in binary options. For the Euro/US Dollar currency pair, IQ Option has even offered an average payout of 85 percent in the past. Such a payout is insanely high, and it is one of the best tools you can get to make money.
What most other binary options brokers advertise is their maximum payout. These payouts are usually around 85 percent, too, sometimes even a little higher. Unfortunately, these high maximum payouts are useless for your trading. They suffer from the problem that brokers only offer them in rare situations when they are completely sure that you will lose your trade. Consequently, the maximum payout says little about how profitable you can trade with a binary options broker.
What really matters in estimating a broker’s profitability is the average payout, which is the average of all the payouts you receive over a large number of trades. Especially those brokers that advertise their maximum payouts prominently, often use low payouts in most other situations to offset these high maximums. As a result, their average payout is often only around 70 percent.
With IQ Option, you get a significantly better deal. IQ Option refuses to advertise its maximum payouts and advertises its average payout instead. With an average payout of 85 percent, IQ Option guarantees that you will be able to trade far more profitable than with most other brokers.
In the long run, the average payout is the number one factor that determines whether you will be able to turn a profit with you strategy and trading style. Since you can reinvest your profits with binary options, even a minimal difference in payouts can accumulate to a large number by the power of compound interest.
Over the time of a month and a year, short-term investments such as binary options allow you to place so many trades that even a 1 percent difference in payouts will influence your profits by almost unimaginable numbers. A 15 percent improvement, as you get it with IQ Option compared to many other brokers, will turn your world upside down.
To understand why let’s look at an example. We assume that you place five trades a day, trade 20 days out of the month, and win 70 percent of your trades. In this case, IQ Option would net you these additional profits:
Of course, these numbers are only estimates, and your final results depend on your trading style, volume, and quality, but these numbers show that, compared to an average broker, IQ Option can improve your profits significantly.
Do you want to avoid a scam broker at all costs? Then IQ Option is the perfect broker for you. IQ Option has the one thing that can guarantee you that you are not dealing with a scam broker: IQ Option is regulated by the European Union.
Like most governments, the European Union has intensified their banking regulation in the wake of the 2008 financial crisis. Any financial institute that is based within the European Union’s territory has to abide by these rules, which guarantees customers that they are dealing with a legitimate business.
IQ Option is based in Cyprus, which is part of the European Union. Consequently, the Cyprian Security and Exchange Commission (CySEC) is tasked with supervising IQ Option. When you see the CySEC badge on the IQ Option website, you know that this badge guarantees that your money is safe.
Government regulation means more than just making sure that you are dealing with a legal, honest business. IQ Option has to fulfill specific criteria that increase your security, too.
The most important of these criteria is that IQ Option has to keep enough money in a separate bank account to buy out all of their customers if the broker should have to file for bankruptcy. Unregulated brokers do not have to do that, which means that all your money is gone if the broker goes bankrupt. With IQ Option, on the other hand, you always know that you will get everything back, regardless of what happens – this is the type of security you need to build a successful career. Why would anybody invest their money with a broker where it could be gone at any second?
IQ Option offers traders a tool that is almost as rare as a unicorn – a high-quality demo account you can use without having to deposit any money.
A demo account is a fully functioning trading account with one modification: instead of having to invest real money, a demo allows you to invest play money. This one change allows you to test a broker, your skills, and new strategies without having to fear any losses – a great system.
Traditionally, binary options demo accounts suffered from one problem: brokers offered their demos to paying customers only. This means, in order to get a demo with a broker, you had to sign up with this broker, deposit money into your account, and ask customers support to activate your demo. While this system makes sense for experienced traders with a lot of cash and experience, newcomers shuddered at the thought of having to deposit money with a broker they had never tried before and investing the required $250 or more into a trading style they had never tried before.
IQ Option has solved this problem. IQ Option allows you to get their demo account without having to deposit any money. All you have to do is sign into the demo like you would sign into a mobile game. You can use your Facebook account, your Google account, or your email, and enter the demo with one click.
Such an easy system is what the binary options world was waiting for. It allows you to test IQ Option with no strings attached, to evaluate your own trading skills without any commitment, and to take a look at binary options in general without having to deposit any money.
If you ever wanted to try binary options completely risk-free, IQ Option is the ideal broker for you.
IQ Option has solved another problem of binary options trading. Other brokers ask traders to deposit a lot of money in order to get their accounts. Usually, you have to deposit at least $250 to be allowed to enter the trading scene, which is a lot of money.
Unfortunately, even these $250 are often not enough. Many brokers require you to invest at least $25 per trade, which is too much for someone with an account balance of $250. When you invest 10 percent of your overall capital per trade, even a small losing streak can wipe out your entire account and end your trading career. To trade successfully, you should invest no more than 5 percent of your account balance per trade, ideally even less, somewhere between 2 percent and 3 percent.
To pull off such an essential safety criteria with an investment of $25 per trade, you would need to invest at least $1,000. Especially for newcomers, it makes little sense to invest so much money into a trading style they have never tried before. Even if they lose only 10 trades, they would be out of $250, and that would be a significant blow to anyone.
With IQ Option, things are better. You can make a trade for as little as $1, which is the ideal offer for new traders and traders that are low on capital. Because of this low minimum investment per trade, IQ Option allows you to start your trading career for a minimum deposit of $10. With such a low requirement, everybody is now able to start a binary options career, even if they have almost no money available or are reluctant to risk anything.
You can’t get more customer-friendly minimum investments than with IQ Option.
For newcomers, IQ Option’s unique service offers a number of features that can help them make more money, get a safer start to their trading career, and enjoy more long-term success. Let’s look at each of these features and see how they can help you.
While IQ Option’s deposit-free demo account is a great tool for al traders, it is especially valuable to newcomers. Newcomers have a difficult path ahead of them: they need to figure out whether they have what it takes to become a successful binary options trader, they need to learn to evaluate the market, and they need find the right trading strategy for them.
None of these processes is easy, and none of these processes will be free from rookie mistakes. For newcomers that enter the trading scene with a real money account, these rookie mistakes can be expensive. It can take many losses before a trader is able to turn a profit, and many newcomers wonder whether binary options are worth the risk that these initial losses necessarily bare.
A demo account can help you escape this risk. Unfortunately, most brokers ask you to deposit at least $250 to get their demos, which is an especially bad deal if the brokers are unregulated, and your money could be gone at any second if the broker goes bankrupt.
The IQ Option demo frees newcomers from all of these risks, which is a great advantage. In this risk-free environment, newcomers can develop their trading skills and trading strategy until they know that they have what it takes to succeed.
We recommend that you use the IQ Option demo to master you trading skills until you can guarantee that you will turn a profit by the end of the month. Trade the demo until you have proven to yourself that you can make money consistently, and then switch to real money trading. This way, you will eliminate all risk from your trading and attack the market with a proven system.
Additionally, the IQ Option demo creates the perfect trading environment for newcomers. Other demos often equip you with as much as $50,000 in play money, which creates an unrealistic environment for newcomers. The IQ Option demo, on the other hand, provides you with $1,000 in play money, which is a realistic picture of the environment new traders will encounter.
With the IQ Option demo, you can learn how to trade your way up from a limited capital. If you fail, you simply try again, until you have found a way that works.
All in all, for newcomers, the IQ Option demo is the ideal place to get started.
With average payouts of 85 percent, IQ Option enables newcomers to get the easiest start to their real-money trading career as they can get.
Once you are done with your demo and switch to trading with real money, you will have a system that works, but this system will still be far from perfect. Consequently, you will need the best trading environment you can get.
IQ Option provides exactly this trading environment. With an average payout of 85 percent, you only need to win 55 percent of your trades. Since binary options only offer two options for what can happen – prices can rise or fall – even random betting would win you the same percentage of trades as in a coin flip – 50 percent. All you have to do to make money with IQ Option is improve this value by 5 percent. Even complete newcomers should be able to reach this goal with a little study and training.
Compared to other brokers, having to win only 55 percent of your trades to make money further solidifies IQ Option’s status as the ideal broker for newcomers.
This point is driven home by IQ Option’s low minimum investment requirement. Allowing you to get started by investing only $1 per trade makes switching to real money trading easy, comfortable, and low-risk.
IQ Option does the best job of all brokers at providing newcomers with the ideal tools for the start of their careers.
There are so many different binary options types out there that this variety can be confusing to new traders. While high / low options are the simplest of all binary options types and easy to understand, more complex binary options types are difficult to understand and even more difficult to master.
For newcomers, these complex binary options types can be a trap. They offer temptingly high payouts, but their complexity will make it next to impossible for newcomers to trade these option types successfully.
IQ Option has taken these concerns into account and focuses entirely on high / low options. Eliminating all complex binary options types from their business, IQ Option makes things easy for newcomers. You get a broker that specializes in the binary options type you need.
As you probably realized in our review so far, IQ Option offers great features for experienced traders, too. With the highest average payout in the business, IQ Option enables experienced traders to maximize their profits. Additionally, IQ Option’s government regulation provides experienced traders with the peace of mind that their money is in safe hands. Since experienced traders often have a lot of money, this is an important point.
We do not want to reiterate everything we already said about IQ Option at this point. Experienced traders will know by now that IQ Option is the ideal broker for anybody who prefers trading high / low options. If high / low options are your tool of choice, too, IQ Option will help you to maximize your profits.
IQ Option offers a truly unique service in many aspects, including many features that you can’t find anywhere else. Instead of signing up with a questionable broker that might be a scam, IQ Option offers you these unique features:
These features make IQ Option the ideal broker for all newcomers and for experienced brokers that specialize in high / low options.