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IQ Option Review: Is this broker legit, safe and trustworthy for Indians?

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Review: You may trade a financial instrument on IQ Option, which is an online trading platform that enables you to do so.

Review: The broker was established in 2013 and has quickly evolved to become a well-known trading platform around the globe.

Review: At the moment, the broker has more than 48 million registered users and processes more than a million transactions per day. IQ Option's trading platform is one of the finest available, making it a top choice for traders of all skill levels and experience.

If you're interested in learning more about IQ Option, this review will provide you a comprehensive summary of everything you need to know about the firm.

 

Get started with IQ Option

 

Review: IQ Option is a binary options trading broker established in Cyprus, and it is one of the most successful online brokers in the world. As a digital trading platform, the firm enables you to trade stocks, foreign exchange, exchange-traded funds, commodities, and cryptocurrencies.

Review: This binary option broker caters to the demands of its customers via the use of a proprietary, custom-built platform.

Review: It is simple to use and has several useful features such as a multi-chat style, technical analysis, historical records, market updates, economic calendars, and stock screeners, among other things. Top of the screen on the platform displays your current account balance as well as your currently held asset.

Review: You may trade a variety of assets and financial instruments, including stocks, currency, cryptocurrencies, digital options, exchange-traded funds (ETFs), commodities, and more. Select a financial asset from the platform by exploring the categories or searching for a specific asset using the search option.

Review: You may input a sum and choose whether you wish to purchase or sell at the same time. Enter a multiplier after that if you wish to multiply your prospective earnings by a certain coefficient after that. You have the option of having the deal closed automatically when it reaches a particular threshold of your specified amount.

Review: This firm began as a binary options broker, but has now expanded to provide customers with the opportunity to trade CFDs on cryptocurrencies, exchange-traded funds, foreign exchange, and equities.

Review: IQ Option offers a variety of stock marketplaces, including the Nasdaq, the NYSE, and the London Stock Exchange, among others. There are no beginning trading costs and you may trade CFDs on up to 169 of the best-performing stock assets without paying any commissions. Amazon, Tesla, Apple, Boeing, and other large corporations are among those targeted. When trading with IQ Option, you can only trade on the most popular stocks, with new stocks being accessible for trading on a regular basis.

Review: Trade CFDs on exchange-traded funds, also known as ETFs, is made possible by this firm for its customers. This is where you mix multiple assets into a single basket; there are presently over 25 ETFs accessible for trading on the market. Because of the leverage involved with CFDs, there is a great danger of losing money quickly. When it comes to trading CFDs, a high majority of individual investor accounts lose money. This is due to the fact that trading CFDs on leverage entails a substantial risk of losing your initial investment.

Review: IQ Option is seeing an increase in the number of individuals who are trading forex. The trading platform provides competitive spreads as well as a large number of different currencies to trade. They are the EUR/USD, USD/CHF, AUD/UAD, and GBP/USD exchange rates. The USD/JPY, the USD/CAD, and the NZD/USD are all strong currencies. On the site, you may choose from more than 50 different forex choices.

Review: IQ Option provides a number of different ways to trade and hold cryptocurrencies. You will be unable to trade CFDs in 27 different cryptocurrencies, including bitcoin, ethereum, Binance coin, Litecoin, Ripple, Stella, IOTA, and bitcoin cash, due to regulatory restrictions.

Review: They provide outstanding margin trading leverage, short selling options, rapid deposits, and simple withdrawals of funds from their accounts.

However, since cryptocurrency values are subject to fluctuations, they are not suitable for every investor to consider.

Review: Gold, platinum, silver, crude oil Brent, and crude oil WTI are all available as CFDs via this options broker, which has a total of five distinct commodities to choose from.

Review: The payment varies based on the underlying asset you trade, the expiry period for the option in question, and the proportion of the broker's commission that is available. Binary options and digital options are the two types of options available (CDFs). A binary option is a financial instrument that provides a preset return for correctly predicting the market value of an asset within a certain time period. Profits of up to 95% are possible when properly predicting the price movement of a financial instrument. The minimum investment in this trade is $1, and there are no brokerage costs associated with it. Digital options, sometimes known as CDFs, enable you to bet on the degree to which the price of an asset will fluctuate. The participants have the option to wager up to 900 percent of the asset's value, which is the threshold established by the trader. You'll also require a $1 minimum initial investment and an expiration time that's anything between 1 minute and 15 minutes in length.

Review: If you are trading on IQ Option, they provide up to 15 distinct technical indicators to assist you in identifying trends and potentially successful trade opportunities. In addition to KDJ and DPO technical indicators, you will discover ATR and ADS indicators as well as Fractal and Belkhayate timing indicators, RSI, and Parabolic SAR indicators on this trading platform.

Review: This binary options broker offers users with a variety of charting tools to aid them in developing a successful trading strategy. When you use these charting tools to trade with IQ options, you will get the most benefits from your investment. For example, complex trading tools like as bars, lines, candles, hollow candles, and areas may be found on the market.

Review: IQ Option offers traders the ability to trade binary options and CFDs on the go via the use of a customised mobile trading software. The business has developed a mobile application that is compatible with both the Android and iOS operating system platforms. This programme is available for download from the Apple Store and the Google Play store, respectively. This mobile application has a simple and easy trading platform that even novices may utilise without difficulty. When trading using the IQ option mobile app, you have the convenience of keeping up to current on market developments, monitoring your account status, and completing trades. Using the mobile app, you can also set up customised alerts and push notifications, and we make use of the charting tools to execute the bare minimum deal.

Review: This binary options broker offers users with a variety of charting tools to aid them in developing a successful trading strategy.

Review: When you use these charting tools to trade with IQ options, you will get the most benefits from your investment.

For example, complex trading tools like as bars, lines, candles, hollow candles, and areas may be found on the market.

Review: IQ Option offers traders the ability to trade binary options and CFDs on the go via the use of a customised mobile trading software. The business has developed a mobile application that is compatible with both the Android and iOS operating system platforms. This programme is available for download from the Apple Store and the Google Play store, respectively. This mobile application has a simple and easy trading platform that even novices may utilise without difficulty. When trading using the IQ option mobile app, you have the convenience of keeping up to current on market developments, monitoring your account status, and completing trades. Using the mobile app, you can also set up customised alerts and push notifications, and we make use of the charting tools to execute the bare minimum deal.

Review: When you establish a trading account with IQ Option, you'll have a choice between two distinct kinds of trading accounts. A basic trading account and a VIP trading account are also available. A regular trading account needs a minimal minimum investment of just $10 in order to be established. When compared to other CFD providers, this account does not impose any restrictions on trading capability. With this account, you will have access to more than 350 different assets to trade, as well as a withdrawal option that is available 24 hours a day. You may also participate in many adult trading contests that are offered on the IQ option platform for users who are located outside of the European Union.

Review: VIP trading accounts, on the other hand, are only accessible to customers who make a minimum deposit of $1900 within two days and maintain that amount for at least two more days. Opening a VIP trading account with IQ Option provides you with a personal account manager as well as a monthly report on your trading activity records. In addition, you may earn an extra 3 percent in interest. The VIP account, on the other hand, is exclusively accessible to consumers residing outside of the European Economic Area.

Review: Demo accounts are free accounts that you can sign up for and use to practise binary options trading in order to have a better understanding of the software platform without risking any additional money. IQ Option provides demo accounts with a total of $10,000 in virtual money to allow users to explore. You are not restricted to utilising the free demo account, which allows you to experiment with various trading techniques and get comfortable with the platform before investing real money. To ensure that you can continue practising, you may also reload the virtual money in your demo account if they run out.

Review: An innovative new product known as bitcoin multiples has just been developed by IQ Option. It operates in a similar way to a leveraged transaction, in which a multiplier increases the magnitude of an asset's price changes. In the case of Bitcoin X100, for example, the concept of increasing the price movement by 100 times was developed, resulting in a substantial potential and risk for cryptocurrency multiples developers and producers. Chademo The Bitcoin X100 concept was developed by IQ Option to include additional cryptocurrencies such as ethereum, Ripple, and IOTA. This cryptocurrency multiplier, on the other hand, is only available to persons living outside of the European Union.

Review: The IQ choice is a safe bet. Cyprus Securities and Exchange Commission has registered and regulated them as "IQ Option Europe LTD." They operate under the corporate name "IQ Option Europe LTD." Additionally, the organisation holds all customer money in separate bank accounts in order to increase the security of those monies. They are covered by the investors' compensation plan, which protects money up to a maximum of 20,000 for their clients. Trading, on the other hand, is based on changeable market circumstances. As a result, you only spend money in areas where you can afford to lose it.

Review: When using the IQ option, it is possible to generate money and profits. If you want to earn a sufficient amount of money trading binary options with this binary options broker, you must correctly anticipate the price movement of an asset after the minimum deal contract has expired. You must use the same method for making a withdrawal request as you used for making a deposit. Bank transfers are subject to minimal withdrawal fees for processing by the majority of payment service providers.

Review: In accordance with CySec laws, IQ Option is unable to give any form of deposit incentives. As a result, this broker provides a trading competition in which traders may compete against one another for cash prizes ranging from $100 to $100,000 in value. The minimum deposit to start a genuine account is USD 10 or GBP 10 (whichever is greater). Before you can make your first deposit, you must first go through the account verification procedure. For merchants in China, bank transfers are now available from a broad variety of financial institutions, including the Government Savings Bank and China Union Pay, among others.

Review: IQ Option is offered in more than 230 countries throughout the world. It admits players from every nation with the exception of the United States, Canada, Australia, France, Russia, Japan, Belgium, Turkey, Israel, Iran, Syria, and Sudan. It accepts players from every country with the exception of the United States, Canada, and Australia. There are strong limitations and regulations in place in certain nations, making it impossible for the broker to give trading chances to their citizens. This platform is accessible in 13 different languages, enabling customers from all over the globe to trade in the language of their choice on a single platform.

Review: The IQ option is concerned with ensuring that the consumer receives what they need. They are user-friendly, provide a quick response 24 hours a day, seven days a week, and address any concerns in less than 30 minutes. This organisation offers a large and knowledgeable customer service staff. A personal customer care account is provided to any trader who has an upgraded VIP account to assist them with money management, for example. You may reach out to the IQ option support staff by phone or by interacting with them through live chat.

Review: IQ Option is neither a con or a swindle. Beginning traders as well as more experienced traders will benefit from it. IQ Option is not a scam, as shown by the fact that it has over 41 million registered members throughout the globe. The number of active traders continues to rise year after year, despite the fact that the market executes millions of transactions daily.

Review: A very popular trading platform with a presence in thirty countries, IQ Option is a great place to start. I believe that not all of these people are serious traders, but have just joined to try out their trial account. It has seven million registered users, I believe.

Review: It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and registered with various governmental organisations such as the British Financial Conduct Authority (FCA), the Spanish CNMV, the Italian Consob, and the French Regafi.

Before you decide whether or not to start trading with IQ Option, you'll probably have a lot of questions about their commissions, functionality, and the assets that you may trade with them.

In order to address all of these issues and dispel any uncertainties, I'm providing you with this comprehensive IQ Option review, as well as my own experiences into this trading platform.

Review: A little over 250 different assets (e.g. stocks, ETFs, commodities, cryptocurrency, and Forex) are offered by IQ Option for trading with derivative products (CFDs). This doesn't sound like a lot, but it is a lot for a binary options broker. Trading with options will be available to you if you are a financial professional, as well. Their platform is well-designed and seems to be of current design, and the spreads are affordable.

Review: If you are a novice trader, IQ Solution is not the greatest option for you since you will not be able to work without the assistance of leverage. Aside from that, it is not feasible to purchase the underlying asset (for example, stocks or ETFs); instead, you can only invest in derivative products.

In our current day, applications are simple and easy to use. The IQ Option platform is modern and easy to use, and the graph analysis is extremely useful, if slightly restricted (I'll go into more detail about this below).

Spreads: In general, I consider the spreads charged by IQ Option to be reasonable when compared to those charged by its competitors, although determining this is difficult.

Review: Support was always responsive: Whenever I had to contact IQ Option support, they were always responsive.

Review: Support for languages other than English, in my opinion, is a little slower.

Review: Europe-wide financial regulation: Because IQ Option is domiciled in Cyprus, it falls under the jurisdiction of European financial regulators. In addition to this, IQ Option is properly registered with European organisations such as Spain's CNMV, France's Regafi, and Italy's Consob, among others. It is also registered with the Financial Conduct Authority in the United Kingdom. There are no regulations in place at this moment with organisations from countries such as the United States, Japan, and Australia, among others. This implies that you will be unable to do business in certain nations.

The ability to trade options is only available to those who have a professional account; this is something that not many other brokers provide.

Web application that is a little sluggish: Their web application, although well-designed, is a little slow in my opinion. If you install the app on your computer, it should be much quicker than on your phone.

Review: A limited number of assets: Unfortunately, IQ Option does not provide you with the greatest range of assets to trade with. At the time of writing, there are just 260 CFDs available in stock, ETF, forex, commodities, and cryptocurrency markets combined. There are other brokers that provide a greater selection of options.

A monthly inactivity fee of $//10 will be applied to your credit card if you do not use IQ Option for a period of three months or more.

Review: With no doubt, IQ Alternative is only an appropriate option for those who intend to engage in derivatives trading, which is mostly traders. There are several advantages to trading options, the most notable of which is that individuals who are interested and have financial professional profiles may trade both options and CFDs.

Review: IQ Option is regulated by CySEC (in Cyprus), and is registered with a number of governmental organisations, including the CNMV (in Spain), CONSOB (in Italy), FCA (in the United Kingdom), CNB (in the Czech Republic), AFM (in the Netherlands), Regafi (in France), and others.

Review: In general, if you reside in a European nation and want to trade with IQ Option, you may do so without difficulty (including the United Kingdom). Unfortunately, if you reside in the United States, Japan, Israel, Australia, Russia, or any other country, you will be unable to do business with IQ Option.

Review: A bank transfer (which will take 3 to 5 days) as well as credit or debit card purchases and electronic wallets such as PayPal, Neteller, Skrill, and others are all acceptable methods of depositing cash into IQ Option. The bare minimum deposit is ten euros. There will be no deposit fees levied to you.

Review: It is possible to set up your account in a variety of currencies (for example, Euros, US Dollars, or British Pounds); however, you should be aware that the initial deposit you make will determine the currency your account is setup in, and it will not be able to alter it afterwards.

Review: You will have access to an IQ Option demo account, which will have a virtual balance of $/$/10,000, allowing you to get a feel for how the platform operates. It seems that the demo account is not time-limited, and that you are free to use it for as long as you choose.

Review: With IQ Option, it is not possible to trade in actual stocks; instead, you can only invest in CFDs on certain equities.

Review: The only way to invest in ETFs or investment funds with IQ Option is to use a derivative ETF product such as a contract for difference (CFD).

Using CFDs, you may invest in 41 different currency pairs, or you can invest in 20 different currency pairs by purchasing options (if you have a professional account).

CFDs are the primary investment assets of IQ Option. CFDs are available for stocks (177 total), ETFs (23 total), cryptocurrencies (12 total), forex (25 total), and commodities. Stock CFDs are the most popular kind of CFD (4 total). The reality is that other trading platforms provide a greater selection of options.

With IQ Alternatives, if you have a professional account, which means you can demonstrate that you are a financial expert, you will have access to more options. Be advised that they only have a limited number of spots available (48 in total).

Additionally, it is not feasible to acquire cryptocurrency with IQ Options. Trading bitcoin derivatives, on the other hand, is possible (CFD). There are 10 cryptocurrency contracts for difference (CFDs) (Etherum, Dash, Bitcoin, etc).

Finance experts will be able to choose from forty different solutions if they so want. It is not feasible to make investments in fixed-income instruments such as government bonds.

Review: You will be able to trade using market orders, as well as take profit and stop loss orders (fixed through percentages). It is also possible to set up a dynamic stop loss, which allows you to raise or reduce it in response to price movements in your favour. It's important to remember that the price of order execution is not guaranteed, especially during times of high volatility, so plan accordingly!

Review: With a professional account and residence in a European nation, you have the opportunity to boost your borrowing power. Users from other countries may benefit from greater leverage levels offered by IQ Option. You will be able to change this amount, but you will never be able to totally eliminate it.

Investing in stocks may result in a real investment of up to $150 if the stock price rises, you will make more money; if it falls, you will lose more money.

Review: IQ Options does not charge any direct fees for trading (selling or buying) assets; nonetheless, there is a gap between the purchase and sale prices that favours IQ Options. You will be charged a different amount depending on the asset you are trading.

The cost of maintaining any open positions after the market closes is calculated as a financing fee, which typically ranges between 0,01 percent and 0,6 percent, but can reach as high as 1,7 percent of the value of the position maintained.

If your account has been inactive for more than 90 days, you will be charged a monthly inactivity fee of $10 (USD//10).

When trading bitcoin CFDs, there is a 2,9 percent commission charged on the amount exchanged.

Review: There are no costs associated with currency exchange as long as you make your deposit in the currency of your account (Euro, Pounds or United States Dollars). If you choose to withdraw funds from your account via a bank transfer, they will not charge you a fee for doing so, as well.

It is possible to utilise IQ Option on any modern browser, including Internet Explorer and Firefox.

Its interface is simple to navigate and has a contemporary style.

My biggest issue with it is that it is a little sluggish.

It is possible to download their app for computers (both MAC and PC), which seems to be a little quicker than the browser-based version of the website.

Review: You may download and use the IQ Option application on your Android or iPhone phone. Although it seems to function well, rival brokers' mobile applications have higher reviews. Some users have complained that it consumes a significant amount of mobile data.

With IQ Option, you have the option of choosing between four different kinds of charts: lines, candlesticks, bars, and Heikin-Ashi. For candlestick charts, you have the option of selecting a time period (from 5 seconds to 1 month).

Review: It is possible to generate a price alert right on the chart and to define levels at which transactions should be entered and closed. Also available are additional analyses such as MACD, Bollinger Bands, and Mobile Media. Furthermore, it is possible to draw lines on the chart to make it more complex. You will not be able to compare the charts with other indicators unless you purchase additional software (e.g. the price of S&P 500).

Review: If you have a free account with IQ Option, you may still view a newsfeed via the service. On the other hand, the way the news is presented is not well thought out; the layout is a little small, which makes it difficult to read but you may check the news outside of the trading platform.

Aside from that, the IQ Option account will provide you with access to an economic calendar. However, I would like if the design were more incorporated into the trading platform as opposed to being a carbon copy of other platforms.

On its site, IQ Option provides a substantial number of courses and videos that explain the fundamentals of trading. Because the explanations may be more extensive, they are rather straightforward. They are, nonetheless, of high quality.

Review: You may establish price alerts (for example, you can be notified when the price hits a specified level) or get notifications when a position is due to expire. The option of enabling push notifications on your platform is also available. They may benefit from being a little more rounded.

They provide live chat, email, and telephone assistance. When I contacted, they responded quickly and courteously; nevertheless, there were instances when I had to wait a little while.

Review: IQ Option provides a highly straightforward and well-designed trading interface for CFDs (and options if you have a professional account) that is quite simple to use. The chart-analysing system is very beneficial in this regard. Due to limitations in the platform's asset selection, you will not be able to trade with as many assets as you would on other platforms.

Review: Is the IQ Option a risk-free investment? A secure socket layer (SSL) connection is used by IQ Option to encrypt the connection and data exchange with the browser or with your applications. It also makes use of secure payment methods such as PayPal and Skrill.

Also available is 2-step authentication, which provides an additional degree of protection by requiring users to authenticate access to the broker using their mobile phones.

IQ Option's platform enables you to view what sessions are currently open as well as the history of who has used the platform and when; this helps you to determine whether someone other than yourself has gained access to your account.

As is the case with the majority of trading platforms, there are no costs to establish an account, deposit funds, or withdraw cash from your account with IQ Option (unless you use bank transfers to withdraw money).

There is an inactivity charge associated with this trading platform. If you do not do business for 90 days, you will be required to pay $//10 every month.

Review: Another kind of trading cost is the financing fee, which is charged when you keep a leveraged position open after the market has closed for the day. They will charge you a fee ranging from 0.01 percent to 0.06 percent for this service. Although they state that in certain situations it might be as high as 17 percent - they do not define which cases fall into this category.

Review: When you initiate or close a trade with IQ Option, you will be charged a spread. This spread is the difference between the price of a security at the time of acquisition and at the time of selling (they sell at a higher price than they buy). This is how market makers such as IQ Option are able to operate.

Review: When investing with IQ Option, you can only invest in derivative products, which are not the underlying (real) asset; their prices are determined by the price movement of the underlying (real) asset. With IQ Option, for example, you will not be able to invest in a stock of Apple, but you will be able to invest in a derivative financial asset (CFD) based on Apple stock.

Review: Without being a professional customer (IQ Option) with substantial financial understanding, the only investment option available to you will be Contracts for Difference (CFDs) (CFDs). Customers who are professionals will have access to trading options on the FOREX market.

You will not be able to invest in investment funds, stocks, exchange-traded funds, or fixed-income assets through IQ Option.

Stock CFDs: There are nearly 180 different stock CFDs available for you to choose from. Tesla, Baidu, Apple, Amazon, and Spotify are just a few of the companies in this category. The leverage ratio is 1:5.

Review: IQ Option also allows you to trade ETF CFDs, which are mutual fund derivatives. They have a total of 23 distinct ones, which doesn't seem like a lot at first glance.

The leverage in stock CFDs is the same as it is in forex CFDs.

For those interested in trading forex CFDs, IQ Option now provides 25 different currency pairings to choose from. Some of them include the EUR/USD, AUD/USD, GBP/USD, and GBP/JPY exchange rates. The leverage ratio is 1:30.

Commodities CFDs: IQ Option features four commodities CFDs in its portfolio, which are gold, crude oil, silver, and Brent crude oil (Brent barrel). The leverage on these CFDs is one-to-twenty.

CFDs on cryptocurrencies: IQ Option provides CFDs on cryptocurrencies such as Bitcoin, Etherum, Ripple, and Litecoin, for a total of 12 different cryptocurrencies. When trading cryptocoin CFDs, the leverage is 1:2.

Review: IQ Option provides easy-to-use Android and iOS trading applications to help you manage your transactions. It is also possible to log on to their online platform and trade from any modern web browser by using a web browser to log on to their online platform. However, I get the sense that this application is a little sluggish.

However, there is an installable IQ Option programme for Windows (PC) and Mac computers, which is substantially quicker than the one that can be accessed via the internet.

If you are thinking about utilising an external trading platform (such as Metatrader 4 or 5) with IQ Option, bear in mind that this is not an option at the moment. You will be required to adhere to their operating system.

Review: When you make your initial deposit, you will be prompted to choose the currency in which you want to do business. You have the option of selecting between US Dollars, Euros, and British Pounds. You should keep in mind that after you have selected a currency, you will not be able to alter it at a later time.

Review: Opening an account with IQ Option is a simple and quick process. Your personal e-mail and password will be accepted, or you may connect it to your Google or Facebook account; this last option is useful if you don't want to remember several passwords.

A demo account with a virtual balance of $//10,000 will be made available to you immediately, allowing you to experiment and get familiar with the trading platform before making real-money investments.

You must complete the following steps in order to establish an account with IQ Option:

  • Go to www.iqoption.com and click on the "Register" button to get started.

  • Confirm your email account by responding to the confirmation email they will give you.

  • Fill in the blanks with your information (full name, phone number, etc.)

  • Confirm your contact information by phone (you will receive an SMS with a code)

  • Please upload a photo of your identification (such as your passport)

  • Please provide the necessary documentation.

  • Fill out the form to learn more about our trading expertise.

 

You may open three distinct sorts of accounts with IQ Option, and I'll explain the differences between them in the following paragraphs:

Review: As I've previously said a number of times, IQ Option enables users to create and utilise a virtual money account (you don't have to deposit any money) to get a feel for how the platform operates and what assets are available before committing any money to it. Certainly, this will be of tremendous assistance in determining if IQ Option is right for you or not.

Review: This is the official version of the demo account. It has no limitations. You may use it to make actual investments (at the risk of your money) and trade different types of assets (CFDs).

You will be required to provide identification in order to get access to this account.

Review: Keep in mind that creating a genuine account does not always imply that your demo account is closed. Both will continue to be available to you. Be cautious not to trade under the impression that you are on a demo account when you are really trading on a real account.

Review: It is possible that you will be permitted to switch to a professional profile if you are a financial expert or can demonstrate that you have a specific amount of experience dealing with derivative products. The most significant distinction is that you will be able to trade options and will have even greater leverage limitations with this account.

It is not necessary to pay taxes on the gains made via the use of IQ Option's platform.

As a result, you will be responsible for directly managing and paying taxes on your assets.

Having said that, the IQ Option platform provides a review of your operations and earnings, together with the dates on which they occurred, which you may utilise for your tax preparation.

It is possible that you may be needed to fill out certain papers in your place of residence if you have money or assets in brokers with headquarters in countries other than your home country.

Binary options broker IQ Option Ltd, often known as iqoption, is one of the most well-established names in the binary options sector. As traders, we'd want to provide you with an unbiased assessment of the services they provide.

Review: It will be of interest to both beginners and more experienced traders who wish to test out a freshly devised trading pattern or approach using IQOption. The reason for this is because, in addition to providing a fully free binary options demo trading mode, IQOption also provides several sorts of graphs. These include candlestick charts and a plethora of helpful indicators that will assist you in determining the effectiveness of your tactics. That is something you don't see very frequently with other brokers.

Review: A testament to the success of its business plan is the fact that IQ Option is the fastest-growing broker in the binary options industry today. As of February 2016, there were 30 million active traders on the platform. It has also won a number of accolades, and according to Google Play rankings, its mobile app has been recognised as the top binary options trading app across 26 nations, including the United States.

Review: In addition to providing you with a trading platform, IQ Option also sends you training emails that are intended to assist you in becoming a successful binary options trader. In this section, you'll learn about hedging, rollover, and other important concepts in binary options trading. It's possible that some of the emails may seem spammy to those who are already familiar with what they're doing.

Review: The profits are substantial, and IQ will serve you well if you are seeking for a real approach to earn money quickly. In the event of a successful deal, the maximum payments might go as high as 92 percent. Weekends are even better, with rewards up to 95 percent of the whole stake. Saturday and Sunday are the most favourable times to try your luck, but you should be aware that they only offer cryptocurrency. Additionally, the new digital alternative offers bigger profits that may reach as high as 900 percent.

Review: We will talk about and examine the new digital feature in more detail later. Also, a wonderful bonus is the IQ Option tournaments where you may compete with other traders to earn the most tournament money in your account during a certain time period., You can take part in this activity with little or no financial investment. In addition, the tournament winners may be eligible for extremely lucrative prizes. I strongly advise you to give it a try.

Review: This is the greatest programme that I have seen in a long time, and I have seen a lot. There is a lot to like about this programme, including the interface, the layout, and the ease with which it is used. The platform includes a number of outstanding features, which will be examined in more detail later in our IQ Option review.

All things considered, we can all agree that the software is absolutely incredible.

Review: The platform has a variety of chart alternatives from which you may choose the one that best meets your specific trading requirements. Candles, bars, lines, and Heikin Ashi are examples of such items. Each of these options has its own set of characteristics, advantages, and disadvantages. For example, if you are involved in technical analysis and trend following, you can use various drawing tools, such as trend lines, to assist you in determining the level of support and resistance for price movement.

Review: They provide excellent customer service, and I would rate them a four out of five stars. One of the aspects of their customer service that I most like is how quickly they respond to queries. They have a fantastic customer support staff that has been built up specifically to respond to any queries in a timely manner. When it comes to judging the quality of customer service, nothing beats quick replies, and this is something that they have going for them.

Review: The fact that you will be able to choose from a variety of deposit methods is yet another advantage of using IQ Option. It demonstrates that they value their clients and have devised a variety of payment choices to meet the demands of every customer. Their deposit methods include eWallets, credit and debit cards, and other methods of payment. They have also responded to client feedback and have recently added the AstroPay card and ADV Cash to their list of accepted payment options. The trading platform will become more convenient for everyone as well as more user-friendly for new traders who want to join. In general, deposit possibilities differ based on the country in which a customer resides.

Review: The duration of the expiration period is determined by how long you are prepared to retain the trading position for. This might be anything from a single minute to a whole month. IQ offers a variety of transaction expiration periods, the length of which is mostly determined by the kind of asset that you will be trading. Holding binary options positions for a period of time ranging from one to five minutes is possible. Another feature that you will like about this platform is the ability to schedule trade entries that will take place in the future. Consider the following example: you may schedule a trade entry to occur within the next 2 or 3 minutes.

Review: Founded in 2013, this company has been in operation since then. It is governed by CySEC in Europe and authorised by the European Economic Area. However, since the firm is governed by the European Economic Area, IQ Option can only provide a limited number of financial options to European retail traders.

Review: IQ Option is a subsidiary of IQ Option Europe Limited, which in turn is a subsidiary of IQ Option Europe Limited. Yiannis Nicolaides Center is located in Agiou Cyprus, and the business registration number is HE327751. They have their headquarters at Yiannis Nicolaides Center in Agiou Cyprus. The licence number for IQ Option from CySEC is 247/14. They supply their services to all inhabitants of Asia, Africa, Latin America, and the Middle East, among other places.

Review: They provide excellent customer service, as well as fantastic international assistance that is available around the clock in several languages. This guarantees that they can interact with all of their consumers in a comfortable manner. Additionally, traders may communicate with their support staff by email, phone, Skype, or even live chat. Their phone number in the United Kingdom is +44 20 8068 0760.

Review: Let us go a little more into the deposit alternatives. We've previously established that they accept a variety of deposit alternatives, but what are the specifics of their policies? To begin, you should be aware that the bare minimum deposit amount is ten dollars. This implies that you will be unable to make a deposit of less than this amount. The quantity is reasonable and ideal for individuals who just want to give them a go before making a final choice on whether or not to continue with them. It is a decent quantity for individuals who prefer to deposit a little bit of money to test the system before committing large sums of money to it. It would have been unjust if you had been required to submit a $50 minimum deposit. If things do not turn out the way you had hoped, you will suffer a huge financial loss.

Review: Aside from the initial deposit, the smallest amount that you may invest on this trading platform is $1 each trade, with a maximum investment of $20,000 per trade.

Review: The maximum deposit amount is $5,000, and the deposit methods accessible include MasterCard, bank cards, e-wallets, Visa, Astropay, and ADV Cash.

Review: The minimum deposit amount is $100, and the maximum deposit amount is $5,000.

Although you may notice that your deposit does not appear in your trading account immediately, this is normal and should not be cause for concern. In the majority of situations, however, it will take effect immediately.

Review: The most appealing feature of IQ Option is that it is accessible through smartphone. You are not need to be physically present in front of your computer in order to benefit from trading on IQ option. Simply download the app on your Android or iOS device, and you will appreciate the fact that it is completely free. Another advantage of the app is that the capabilities you receive on your smartphone applications are the same ones you would get if you were to utilise a desktop application.

Although it is not required, it is highly recommended that you use a demo account to get a feel for the platform. You will be in a better position to decide whether or not the platform is worthwhile and whether or not it fits your expectations.

Review: You're probably asking what it is about this trading platform that distinguishes it from the competition and why it is superior to the competition. The IQ option offers a variety of excellent bargains, which makes it the preferred choice of the majority of individuals. Allow me to discuss some of these points in further detail; The platform is simple to use; you do not need to be a seasoned trader to be able to make advantage of this site's features. Even beginner traders find it to be user-friendly and straightforward to use, which is one of the most important factors to consider when choosing on the finest trading platform to use.

Review: In addition to its accessibility, the IQ option offers another advantage or characteristic that distinguishes it from the competition.

Review: This means that you will be able to easily access the platform from a variety of devices, such as your smartphone, web browser, or desktop computer, without difficulty. You have the freedom to trade from any location and at any time.

Review: You may visit the website using your smartphone or a computer, as appropriate. This is an additional benefit because it means that you can access your account from any location and at any time as long as you have your device and an internet connection with you. They are concerned about everyone, and they recognise that they have customers from all over the world, which is why they have made the site available in 13 different languages for your convenience. This ensures that every trader, no matter where they are located, can access and understand the information.

Review: If you are still undecided about whether or not to register an account, you will be relieved to hear that the procedure is really simple. They've also gone out of their way to provide demo accounts, which allow you to learn more about the account and how to use it before committing to a live account. In order to receive access, all that is asked of you is to fill in your name and email address. The actual account, on the other hand, requires the presentation of identity papers and verification before you can have access. It is possible that verification will take between 10 and 30 working days.

Review: A highlight of IQ Option is that they have gone out of their way to provide traders with relevant and instructive tools to assist them through the process of opening and using an account with the company. A total of more than 200 high-quality films have been made available to traders on the site, all of which have been presented to teach them and answer any concerns that they may have about the account setup process. Their blogs and articles detailing the subject matter have also been posted, ensuring that site users are kept up to date with the ever shifting fashion trends. Even better, they provide a comprehensive FAQ section that addresses all of the often asked issues regarding trading and investing.

Review: Having established your account, you should learn more about making deposits and withdrawals, both of which are easy to do. IQ accepts a variety of payment methods, including phone and credit card deposits, which allow you to deposit money instantly and at any time with your phone or credit card. Additionally, they are continually adding payment ways, and over time, they will have a greater variety of payment options accessible. They recently added the AstroPay card and ADV Cash to their list of accepted payment methods, further expanding their reach.

Review: Can you tell me how long it takes for the money to show up in your account? This will be highly dependent on the type of payment you choose. Compared to their rivals, the lowest amount you may deposit is just $10, which makes them a very attractive option for customers. You won't have to be concerned about your money going to waste if you discover that the platform isn't quite what you were expecting it to be. You are permitted to make investments as little as $1, which is the bare minimum investment amount dependent on the trading instrument in which you want to participate. Withdrawing money is likewise a breeze, and you'll get your funds very immediately. You have the option of requesting that your money be sent using any of the various deposit methods. Your money, on the other hand, may only be transferred to the same account that you used to make the deposit. Card withdrawals are the most prioritised, and as a result, it is best to consider using a credit or debit card as your primary method of deposit and withdrawal when setting up your account. The trading platform has been properly created, and you may access a variety of functions with a single click on the right-hand side of the interface. Some of the characteristics that might be expected from the interface are as follows: You have access to your trading history going back to when you first began, as well as all of the specifics of the deals you've made in the past.

Clicking on the Plus symbol situated at the top of the interface allows you to choose a specific object to work with.

You may check out the leader board, which allows you to see how other traders are doing in terms of profits.

You may see what competitions are coming ahead.

You will get access to market analysis, which will enable you to monitor the best performing currencies as well as the earnings calendar. This is a critical part in guiding you through your investigation.

One clean is all that is required to contact the support team and have all of your questions answered on time.

Various educational films, graphical tools, and various charts are available for you to peruse.

Review: Also noteworthy is that they have made an investment in charts and indicators to make navigating across the site simpler, especially for newcomers to the trading world. They are constantly updating the charts in order to ensure that they can accommodate all traders, as well as their preferences and trading styles. They have recently introduced indicators such as Belkhayate timing, DPO, and KDJ.

Review: When it comes to choosing a good trading platform, the first thing that traders look for is responsive customer service. It has shown its value and done an excellent job in providing customer care and ensuring that traders are responded to on time and that they can obtain answers to all of their concerns. IQ Option is a highly recommended broker. They have added a live chat option that guarantees that traders get to get their difficulties answered in real time.

Review: Most of these criticisms concentrate mostly on cost. A number of traders believe that there is an unreasonable disparity between the strike prices and the real market pricing. They believe that the amount of money they earn from the platform is a little less than they had anticipated. Such concerns may have been the catalyst for CySEC's swift response, which resulted in the withdrawal of a punishment that had been imposed on IQ Option for failing to execute orders for their customers in the most efficient manner possible.

Review: The withdrawals were another common issue that most people complained about, and this was another issue that most people complained about. Some people believe that it takes an excessive amount of time for money to appear in their bank accounts. They hope that it would be as quick as it is when making deposits. It takes around 45 business days for the money to reach your account after making the withdrawal request. This complaint sparked the revisions in conditions of withdrawal, and since then, IQ Option enabled quick withdrawal. This implies that customers may now access their money quicker, particularly when they utilise debit and credit cards as their mode of payment. Most of the withdrawal requests are now completed within 24 hours, and this is a benefit for the platform.

Review: Currently, wire transfers are only accessible in Argentina, Thailand, South Africa, Malaysia, Indonesia, and Vietnam, with the rest of the world awaiting their arrival.

Review: Trades should carefully choose their payment methods in order to minimise inconveniences during the deposit and withdrawal processes.

Review: Over the course of many years, IQ Option has established a solid name in the industry. This may be observed by their regulated status and the prizes they have received. It is obvious from their growth curve, which is based on the number of withdrawals made on a monthly basis, that they have a positive reputation.

Review: The amount of money that traders were able to withdraw each month was $1.5 million in 2015, and by 2017, the number had increased to more than $10.8 million each month. As seen by their official collaboration with Aston Martin Racing from 2017 to 2018, IQ Option has demonstrated and continues to exhibit how the online trading community can be trusted, and they have and will continue to showcase how online trading communities can be trusted.

Sites like IQ Option

Here is the list of brokers where Indians can trade Forex, Shares, CFDs, and Cryptocurrencies (Bitcoin, Ethereum):

  • Olymp Trade - Facebook, Twitter, YouTube, Twitch, Reddit, Quora and Google Search user activity suggests that this one is gaining a lot of traction
  • Quotex - Picking up steam in India in terms of popularity. Also famous in the US.
  • OctaFX - OctaFX provides an entry-level, low-cost MetaTrader platform in addition to its social copy-trading platform.
  • Binance - Great for investing in cryptocurrencies and is also an exchange platform.
  • ExpertOption - Extensive instructional materials are made available by ExpertOption to its customers.
  • 5paisa - 5paisa Capital Ltd is a publicly-traded and professionally managed firm.
  • Kotak Securities Limited. - They have shown that they are deserving of the title of well-known and well renowned full-service brokerage business.
  • RoboForex - Users from a variety of various backgrounds may be guaranteed of a flawless trading experience.
  • VantageFX - Vantage completes its MetaTrader platform suite offering with support for numerous social trading platforms.
  • Capex - It has swiftly established a reputation for itself by providing an enormous variety of complicated trading tools.
  • PocketOption - Pocket Option is one of the most reputable binary options trading platforms.
  • ThinkMarkets - Multi-regulated broker that specialises in forex and contract for difference (CFD) trading.
  • Trader's Way - Trader's Way forex brand, is approved and controlled by the CySEC (Cyprus Securities and Exchange Commission).
  • Karvy - It is one of the most well-known brokerage businesses in India, with its headquarters in Hyderabad.
  • Trading212 - It was founded in 2013 and is regulated by the Financial Conduct Authority.
  • Markets.com - An excellent choice for traders looking for a comprehensive and dependable online platform.
  • Capital.com - A multi-award-winning worldwide investment broker that originated in the United Kingdom.
  • Trade.com - A premium brand, it provides a robust infrastructure as well as cutting-edge software.
  • Sharekhan - The full-service broker was once affiliated with SSKI and was recently bought by the BNP Paribas Financial Services Group.
  • Alpari - One of the world's biggest forex brokerage firms.
  • iForex - A well-known forex and CFD broker that provides a wide range of tradable assets
  • Exness - Exness a legitimate company in terms of usability.
  • FP Markets - An Australian CFD and FX broker founded in 2005.
  • IC Markets - A top-tier broker for serious Forex traders, and it is regulated by financial regulators.
  • FBS -  Its brokerage platform provides access to worldwide markets.
  • XTB - This Polish broker is one of the largest publicly traded Forex and CFD brokers in the world.
  • Hugo's way - Registered in the Seychelles; it's a new player in the social trading arena.

 

 

Written by Swarna Shrivastav

Swarna ShrivastavI'm an investment banker. But I also write for, and fact-check articles published by ForexBrokers.co.in. Full Bio.

 

 

 


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