Are you considering trading binary options with IQ Option broker? That might be a great idea. Read on to learn more now in this IQ Option test.
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.
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 more understandable, we have tested IQ Option and defined the 3 most important facts that you should know prior to trading with this broker.
IQ Option Security
The most important aspect of any online transaction including money is the security of the trading platform. Binary options brokers need to provide security in two crucial ways:
- Your broker needs to make sure that your communication with the broker is secure enough – nobody must be able to intercept your password, your financial information, or any other aspect of your communication with the broker.
- Your broker must make sure that nobody can withdraw money from your account, even if they somehow obtain your password.
IQ Option provides security standards on both of these aspects. To secure your communication with IQ Option, the broker uses the SSL security standard that encrypts your data. 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 on segregated accounts. 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.
IQ Option Trading Potential
The second most important aspect of a broker is its trading potential. To start your trading career in binary options, you need a broker that allows you to explore the platform and choose between a variety of trading services and instruments.
When it comes to the trading potential, IQ Option is right up there with the best brokers. With payouts of up to 91%*, traders are able to apply different trading patterns**, such as fundamental and technical analysis.
*Amount will be credited to account in case of successful investment
**Your capital may be at risk. This material is not investment advice.
IQ Option Usability
IQ Option delivers an interesting trading experience, offering an intuitive trading platform with quick banking procedure.
*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.