IQ Option is the popular broker for binary options traders. Learn why here in IQ Option review. Combining great benefits and the free demo account available, IQ Option is a much better choice than any of the scam brokers out there.
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.
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:
- Why is IQ Option different from other brokers?
- How can traders benefit from IQ Option broker?
Why is IQ Option different from other brokers?
IQ Option offers one of the 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.
Best average payouts in binary options
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 91%* in the past. Such a payout is insanely high, and it is one of the best tools you can get to make money.
*Amount to be credited to account for a successful trade. Past performance is no indication of future performance.
What really matters in estimating a broker’s returns is the average payout, which is the average of all the payouts you receive 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%*
With IQ Option, you get a significantly better opportunity. With maximum returns up to 91%*, IQ Option enables you to trade far more lucrative 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 benefit with your trading style.
*“Amount to be credited to account for a successful trade.”
Deposit-free high-quality demo account
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.
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, traders 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 on demo account, IQ Option seems as an ideal broker for you.
Incredibly low minimum deposit and minimum investment requirements
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% 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% and 3%.
To pull off such an essential criteria for an investment of $25 per trade, you would need to invest at least $1,000. Especially for traders, 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 seems as excellent option for 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.
How can traders use IQ Option for more success?
For traders, IQ Option’s unique service offers a number of features that can help them make more money, get a more convenient 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.
The deposit-free demo helps you learn
While IQ Option’s deposit-free demo account is a great tool for all traders, it is especially valuable to traders. Traders 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 to find the right trading style for them.
A demo account can help you manage 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 account frees traders from all of these risks, which is a great advantage. In this risk-free environment, traders can develop their trading skills and trading style until they know that they have what it takes to succeed.
We believe that IQ Option demo is an axcellent option to master trading skills until you have made some progress. Trade the demo until you have proven to yourself that you can trade 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 traders. Other demos often equip you with as much as $50,000 in play money, which creates an unrealistic environment for traders. 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.
IQ Option’s focus in binary trading
IQ Option does the best job of all brokers at providing traders 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 the 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 traders, these complex binary options types can be a trap. They offer temptingly high payouts, but their complexity will make it next to impossible for traders 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 traders. You get a broker that specializes in the binary options type you need.
IQ Option for experienced traders
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 potential earnings.
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 earnings.
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:
- The best average payouts
- A deposit-free, high-quality demo, and
- The lowest minimum deposit and minimum investment per trade.
These features make IQ Option the ideal broker for all traders and for experienced brokers that specialize in high / low options.
“General Risk Warning: 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.”