Introduction
If you’re considering investing in IQ Option, you may be wondering if it’s a legitimate company or a scam. In this article, we’ll take a look at the company’s history, licensing, and reviews to help you decide if IQ Option is right for you.
What is IQ Option?
IQ Option is a binary options trading platform that was founded in 2013. The company is owned by IQ Option Europe Ltd, and is headquartered in Cyprus. IQ Option has a license from the Cyprus Securities and Exchange Commission (CySEC).
IQ Option offers a trading platform that is web-based, and mobile apps for both Android and iOS devices are also available. The platform is designed to be user-friendly, and features an array of technical indicators and charting tools.
A minimum deposit of $10 is required to open an account with IQ Option, and the minimum trade size is $1. Maximum payouts on successful trades are up to 92%.
IQ Option offers 24/7 customer support via live chat, email, and telephone.
Is IQ Option a Scam?
Is IQ Option a Scam?
The internet is full of broker review sites that claim IQ Option is a scam. But is IQ Option really a scam, or is this just another case of fake news?
To answer this question, we need to take a look at what IQ Option is and how it works. IQ Option is an online broker that offers traders the ability to trade a variety of financial instruments including stocks, forex, CFDs, and cryptocurrencies.
So, how does IQ Option make money? The company charges fees for each trade that is made. These fees are called spreads. For example, if you buy EUR/USD at 1.1750 and the spread is 3 pips, then your total cost will be 1.1753.IQ Option also offers margin trading, which means you can trade with more money than you have in your account. However, there is a risk of losing more money than you have deposited if the markets move against you.
Now that we know how IQ Option makes money, let’s take a look at some of the complaints that have been made against the company.
The first complaint is that IQ Option doesn’t allow withdrawals . This is not true. IQ Option does allow withdrawals, but there are certain conditions that must be met before a withdrawal can be processed . For example, you must have traded at least $100 in order to withdraw your funds .
The second complaint is thatIQ Option doesn
How does IQ Option Work?
IQ Option is an online trading platform that allows you to trade a variety of financial instruments including stocks, forex, and binary options. It is owned by IQ Option Ltd, a Cyprus-based company regulated by the Cyprus Securities and Exchange Commission (CySEC).
When you open an account with IQ Option, you will be able to choose between a demo account or a live account. With a demo account, you will be given virtual money to trade with. This is a great way to learn how the platform works without risking any real money.
If you decide to open a live account, you will need to make a deposit of at least $10. Once your deposit is processed, you will be able to start trading immediately.
The IQ Option platform is very user-friendly and easy to use. You can view all of the available assets on the left-hand side of the screen, and make your trades on the right-hand side.
You can place trades manually or use the IQ Option’s automated trading feature. If you want to try out the automated trading feature, you will need to set up your trading parameters first. This includes things like how much money you want to invest per trade, what types of assets you want to trade, and when you want the trades to be executed.
Once your parameters are set up, theIQ Option’s algorithm will automatically place trades for you based on these parameters. You can also choose
Advantages of IQ Option
IQ Option is considered to be one of the most legit online brokers in the industry. This is because they are regulated by CySEC and offer a variety of features that make them an attractive option for traders.
Some of the advantages of IQ Option include:
-A minimum deposit of only $10
-A free demo account with $10,000 in virtual money
-A variety of assets to trade including forex, stocks, commodities, and cryptocurrencies
-Competitive spreads starting at only 0.1 pips
-Fast and reliable order execution
-Negative balance protection
-24/7 customer support
Disadvantages of IQ Option
One of the biggest disadvantages of IQ Option is that it is not available to residents of the United States. This is because it is not registered with the US Securities and Exchange Commission (SEC). This means that US residents cannot trade on IQ Option. Another disadvantage of IQ Option is that it does not offer a demo account. This means that new traders cannot try out the platform before they deposit money into their account. This could lead to them losing money if they do not know how to use the platform properly. Finally, IQ Option charges a withdrawal fee of $30. This is relatively high compared to other brokers who charge around $10 for withdrawals.
Conclusion
IQ Option is a CySEC-regulated broker that offers binary options, FX, and CFD trading. IQ Option has been in business since 2013 and has built up a solid reputation among traders. We believe IQ Option is a legitimate broker and not a scam.