IQ Option Test

IQ Option Test - LogoDo you consider trading binary options with IQ Options? That might be a great idea. Learn more now in this IQ Option test.

The essential IQ Option test

For someone who is looking for a binary options broker, the endless options offered by the current market situation can be confusing. To make things a little easier for you, we have tested IQ Options and defined the 3 most important facts that you need to know.

Security

The most important aspect of any online transaction including money is security. Binary options brokers need to provide security in two crucial ways:

  1.  Your broker needs to make sure that your communication with the broker is safe – nobody must be able to intercept your password, your financial information, or any other aspect of your communication with the broker.
  2.  Your broker must make sure that nobody can withdraw money from your account, even if they somehow obtain your password.

IQ Option provides first-class security on both of these aspects. To secure your communication with IQ Option, the broker uses the SSL security standard that encrypts your data in the securest way possible. The SSL standard is the same standard that all the big banks use to secure their online banking.

To make sure that only you can withdraw money from your account, IQ Option uses a validation process that keeps your money safe. For every new withdrawal method that somebody wants to use with your account, they need to provide 3 documents: A picture of your ID, your proof of residence, and (if the withdrawal is by credit card) a picture of the credit card. Since only you can provide all of these documents, only you can add a new withdrawal method to your account.

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Earning potential

The second most important aspect of a broker is its earning potential. To start a successful trading career, you need a broker that allows you to earn a steady income.

When it comes to the earning potential, IQ Option is right up there with the best brokers. With high payouts of up to 90 percent and average payouts of about 80 percent, you only need to win 55 percent of your trades to make money. Since you would win 50 percent of your trades by betting randomly, you should be able to reach the 55 percent mark with some knowledge of technical analysis.

Usability

When you have found a secure broker that you can earn money with, you want a broker that offers an easy to use service. IQ Option does exactly that, offering an intuitive trading platform and simply, quick banking.