This is review of IQoption
Honest and Comprehensive 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 your funds. You should never invest money that you cannot afford to lose
IQoption is one of the most popular binary option brokers.
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General information, quick overview:
- Founded: 2013
- Regulation: CySEC;
- Minimum deposit: $10
- Minimum trade: $1
- Maximum option price: $ 5000
- Return: 91% in case of correct prediction (or successful trade)
- Deposit/withdrawal methods: Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, CashU, iDeal, Fasapay,
- Assets: currency pairs, stocks, indices, commodities
- Support Languages: English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Indonesian
- Withdrawal: 1 working day
- Countries: We accept all countries except USA, Canada, Australia, Japan, Russia, Turkey, Israel, Syria, Sudan and Iran. Users from following countries can not trade from iOS mobile application: Malta; Android application unavailable for: Malta, Myanmar, Liechtenstein, Cuba.
- Number of assets: 500+
- Support: 24/7
- Demo account: Yes, free of charge
- Mobile application: Android, iOS
- Trading Platform: web-browser, standalone app
What is a minimum deposit amount?
The minimum deposit amount is $10.
In which currency I can open a trading account?
You can open a trading account in US Dollars or any other currency available in your geo.
What is the minimum
amount that I can invest?
The minimum amount to invest in a single option is 1 USD.
What is the return that I will receive if the option loses?
If it is specified in the option, you will receive the insurance.
What is an asset?
Asset is a commodity index, security, currency pair or any asset, based on the price that is offered in the option.
Are there any commissions upon making transactions with my trading account?
Our company does not take any commissions on your transactions. But such commissions can be taken by the payment systems or payment aggregator.
What types of options are?
An option could be based on any kind of traded assets, freely traded on world and national exchanges and markets. There are stock options (such as Gazprom or Coca-Cola), currency pairs (for example, GBPUSD or EURRUB), indexes (such as the FTSE or Dow Jones) and commodities or metals (oil and silver).
What is a strike price?
Strike price is the price of the asset at the time of the purchase of the option.
What is the expiration time?
Expiration time is the date and time at which the option expires.
What is the value of the option?
The value of the option is the price at which a trader acquires an option.
How much profit can you get?
If the option is closed «in-the-money» (the strike price is higher or lower prices expiration, depending on the type of the option) you get a guaranteed profit, specified in the option.
What is call option?
Call option its an option which will give income in case that the expiration price is above the strike price.
What is Put-Option?
Put is an option that brings income to trader, when the expiration of the asset price is below the strike price at expiry. If the term of the option will expire at the strike price, the trader receives the total price of the option.
What is a binary option?
Binary option is a derivative financial instrument in which profit and loss are known in advance and specified in the transaction. Payment of the profit is made in the case if option expiry «in-the-money», regardless of the degree of change in the price of the asset option
Do i need any documents to withdraw funds?
Company representative can ask you to send scanned documents, depending on the withdraw type. All the information will be sent to your e-mail.
What is the minimum withdrawal amount?
Minimum withdrawal amount is 10 USD.
What is the expiration price?
Expiration price is the price of the asset at the expiry of the time specified in the option.
What happens if the price of the expiration of the underlying asset will be the same as the level of the acquisition of an option?
If the price is identical to the expiration strike price, the value of the option returns to trader.
Why there are quotes on your platform during the weekend when the markets are closed?
On weekends, we provide to our traders the opportunity to trade on OTC (over the counter) instruments.
OTC or «over the counter» deal means a transaction which made directly between two parties without going public. That is why the quotes are unique to our platform.
How much time does it take to withdraw funds?
Usually 1 working day after successful KYC verification.