Is IQ Option a legit broker? That should definitely be one of the most important elements when thinking to trade binaries on global financial market.
Therefore, if you want to learn more about legit status of IQ Option broker, you do need a proper type of information before choosing and making a deposit with IQ Option as your potential future binary broker.
This article gives you an answer to this very important question.
General risk warning
The financial services provided by this website carry a high level of risk and can result in the loss of all of your funds. You should never invest money that you cannot afford to lose.
Is IQ Option a Legit Broker?
When it comes to finding the right binary options broker, trust is a crucial issue. Without a broker that you can trust to give you fair trading conditions, accurate prices, and honest payouts, everything else becomes irrelevant. Similarly, without legit security measures, even the highest payouts are useless.
To qualify as a legit binary options broker, any broker therefore has to fulfill some important criteria:
- The broker has to abide by the highest security standards. Your money has to be completely safe with the broker.
- The broker has to present an honest and serious approach to business. All assets must be offered with the real prize, payouts must be paid as promised, and there can be no hidden fees.
IQ Option scores high on all of these criteria. First of all, IQ Option applies security measurements that can compete with what the biggest banks offer on their online banking.
Every communication between you and IQ Option’s trading software is encoded with the SSL standard, a secure encryption method the web has to offer. This system makes sure that nobody can intercept your password and log into your account.
Before anybody can withdraw money from your account to a bank account or credit card you have not used before, they need to provide pictures of your passport, of a proof of resident, and, if the withdrawal is made by credit card, of the credit card that is being used. Since only you can provide all of these documents, only you can withdraw money from your account.
With the security side taken care of, we can focus on the two remaining aspects: Honest data and high enough payouts to make money. Luckily, IQ Option offers a convincing service in these regards, too. All the data IQ Option provides are spot on accurate and fair.
*Risk Disclaimer: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.