IQ Option Review
Online trading platform IQ Option has received a positive review from BinaryOptionsExpert.net, a trusted source for comparisons and reviews of online binary trading sites, written by expert traders. Receiving the seal of approval from BinaryOptionsExpert.net assures potential traders of IQ Option’s credibility, having checked that they are regulated and abiding by the rules of their licence.
With an overall rating of 4.3 stars, the review comprises categories including Accounts, Trades, Bonuses, Mobile, Banking, Features and Support, with IQ Option scoring between 4.0- 4.9 stars throughout the various categories.
Key Advantages of IQ Option
Features is the category where IQ Option scores high, receiving a rating of 4.9 stars. IQ Option accommodates 13 different languages, making it a fantastic tool for traders across Europe. The review also highlights the ability to choose whether charts are displayed as a line chart, or a candle stick chart as a key benefit.
Mobile Options Trading
Equally, IQ Option scores high in the Mobile Trading section of the review, receiving 4.3 stars. Available from the Google Play store, as well as Apple’s App Store, BinaryOptionsExpert.net praised IQ Option’s mobile app for its functional and user-friendly features and display, which make trading on the go simple, without compromising any desktop features.
Deposits and Withdrawals
Despite receiving its lowest score of 4.0 stars, BinaryOptionsExpert.net nevertheless praise IQ Option’s Deposits and Withdrawals capabilities, noting the ability to make deposits and withdrawals using all major debit and credit cards, alongside the possibility of wiring money across. Furthermore, IQ Option’s high security, alongside its payout and rebate ratios are also noted as commendable aspects.
IQ Option Customer Support
Customer Support is another high scoring category for IQ Option, receiving 4.2 stars, thanks to two predominant methods of contact: via a 24/7 telephone line, or over email, with social media platforms including Twitter providing informative content, as well as answering customer queries.
Any Disadvantages?
BinaryOptionsExpert.net note the limitations of IQ Option’s demo account, with only 13 trading assets available, alongside other trading restrictions. However, IQ Option’s ‘Accounts’ were awarded 4.4 stars, with the free demo account nevertheless being a useful, education tool for beginners, alongside the more advanced Real Account and VIP Account options.
The review also notes that IQ Option does not offer a broad range of bonuses to account holders. However, this is due to a new regulation for EU Based CySEC licensed brokers, stating that they can no longer offer bonus incentives to new traders. New traders can benefit from free demos and educational videos on IQ Option’s website and via their YouTube channel, which features helpful videos for beginners.
Final Thoughts
Overall, BinaryOptionsExpert.net describe IQ Option as the top binary options trading platform and a market leader in Forex and crypto trading, scoring highly throughout all categories and particularly commending the platform’s features, mobile trading capabilities and account options.
Whilst the review identified minor drawbacks of IQ Option, including limited functionality of the basic account package and the lack of bonuses, these are overshadowed by the consistently high ratings across the various categories, affirming its credibility and strength as a leading trading platform.
Always remember, if you are going to trade options, please trade with money that you can afford to lose! If you are looking for more investing information and resources, please check out my free investing book here.
