IQ Option Broker Review 2020

IQ Option Account Features

IQ Option offers 2 real accounts and 1 free demo account to test out their platform without needing to risk any real money. The simplest way to open an IQ Option account is through Facebook, Google or by simply using a valid email address.

Once you have signed up to IQ Option, 2 accounts will automatically be created for you: a free demo account and a real account with $0 balance.

IQ Option Demo Account (FREE)

The IQ Option demo account is a practice account with $10,000 in virtual funds that IQ Option allows you to access for free to test out the waters before investing any real money. This account is unique in that IQ Option gives you unlimited access to their free demo account. While most brokers out there give traders limited 72-hour demo accounts and then push them to start depositing real money, IQ Option understands the importance of practice and gives you total freedom to trade with zero risk for as long as you want.

This is perfect for complete beginners, who will get the chance to practice trading with no actual risk involved. Through the IQ Option free demo account, you will also have the opportunity to see exactly how the IQ Option trading platform works. It will be exactly like real trading, but without any real money involved.

IQ Option Real Account ($10)

Once you’ve gotten a first taste of the IQ Option trading platform, you can easily open a real account with a minimum deposit of only $10. Most forex brokers require deposits between $200 – $250, so this is definitely an amazing advantage of trading with IQ Option.

Through the IQ Option real account, you will gain access to over 500 underlying assets, numerous trading tools and the ability to participate in various trading tournaments with big prizes.

IQ Option VIP Account ($3,000)

The IQ Option VIP account is created only for more experienced non-EU traders who want to gain VIP access to some special features such as:

The minimum deposit to open an IQ Option VIP account is $3,000, so we would not recommend this account to beginners.

IQ Option Trading Software

While IQ Option originally opened its doors in 2014 as a binary options broker, today they have it all. The award-winning broker has over 300 assets available and continues to increase this number each year.

IQ Option Assets (+300)

On the IQ Option trading platform, you can trade:

IQ Option recently added the increasingly popular cannabis stock CFDs to their trading platform. These include Aurora Cannabis Inc, Canopy Growth Corp, Cronos Group Inc, GW Pharmaceuticals – Adr, Tilray Inc-Class 2 Common, Anheuser-Busch Inbev-Spn Adr, Etfmg Alternative Harvest and more.

The minimum trade price is $1 for binary options and digital options, and $20 for forex and CFDs. The maximum option price is $5,000.

How to Trade with IQ Option for Beginners: 4 Easy Steps

One of the great advantages of the IQ Option trading platform is that you can find all the underlying assets on the same dashboard. Now, to start trading, all you need to do is:

Step 1: Select an asset
Step 2: Predict this asset’s direction
Step 3: Make an investment
Step 4: Close the position

Trading binary options is even simpler, since the trades will close themselves automatically once the expiry time has been reached.

IQ Option Trading Platform

The world-famous broker has developed their own proprietary trading platform, which has been well-designed and created to be especially simple and easy to use – even for complete beginners. A good way to get accustomed to this trading platform is through the IQ Option free demo account, as mentioned above.

Through this platform, you will also gain exclusive access to charts that display the most recent market trends, so you can make judgement calls with the latest information at hand.

Currently, IQ Option is responsible for more than $11 billion worth of trades every month, so their trading platform has a track record of being especially loved and used by many traders worldwide. With this global reach, the IQ Option platform is available in the following languages:

IQ Option Trading Chart

The IQ Option platform is generally dominated by a huge chart. You can always use the multi-chart view which enables the trader to choose between more than 20 chart grids, depending on how many assets you are keeping track of at the same time.

You will notice the platform has graphical charting tools like trend-lines and Fibonacci tools. IQ Option also includes is a long list of indicators, such as the RSI, CCI, Alligator, Bollinger Bands and others.

Don’t forget to set your Take Profit and Stop Loss, so that you don’t need to constantly be in front of your screen monitoring trading positions. With this feature, your trades will close automatically at the price level you have personally set in profits or losses.

IQ Option Mobile Trading

If you prefer trading on-the-go, you can access the IQ Option platform from your mobile device or tablet. You can do this either by downloading the IQ Option app for free, or by accessing the platform on your mobile web browser. The IQ Option app is easy to use and offers a clean, intuitive graphical interface. The application also allows IQ Option push notifications for your trading alerts (more on this below).

You can find the IQ Option mobile app on Google Play or the App Store – depending on whether you own an Android or Apple device.

What are IQ Option Price Alerts?

Part of being a successful trader is knowing when to buy or sell an asset. IQ Option makes this easier by automatically notifying you when an asset has reached your desired price. All you need to do is set up price alerts.

1. Select an asset
2. Click “Create alert”
3. Set the price you want to be notified for

IQ Option Education: Learn How to Trade with IQ Option

The right education and training material are essential when it comes to trading. No one should jump in with no idea how binary options trading or forex trading works. Luckily, IQ Option provides their traders with a wealth of valuable educational material that have proven useful for both beginners and experienced traders. These include trading videos, tutorials, webinars, e-books and a FAQ section that addresses all the main trading questions you may have.

If you are serious about trading with IQ Option, we strongly recommend you go through all this educational material beforehand. All trading comes with some degree of risk and you need to aware of how the process works. You can then practice what you’ve learned through the IQ Option demo account.

IQ Option provides you with all the tools you need in order to be a successful trader – so use them!

*Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.