IQ Option is the popular broker for binary options traders. Learn why here in IQ Option review.
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.
What are the average payouts in binary options
For the Euro/US Dollar currency pair, IQ Option has offered an average payout of 91%* in the past.
*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%*
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 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 virtual 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.
This 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.
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. 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.
You can’t get more customer-friendly minimum investments than with IQ Option.
How can traders use IQ Option for more success?
Let’s look at some of the IQ Option 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. Traders have a difficult path ahead of them: they need to figure out whether they have what it takes, 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 excellent 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 a great 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 traders will encounter.
IQ Option’s focus in binary trading
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, 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. 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 broker for those who prefer trading high / low options. If high / low options are your tool of choice, too, IQ Option will help you to maximize your potential.
“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.”