Online traders are the most non-protected business person and usually, likely to be frauded however this IQ Option Review will give you a mind-blowing knowledge of what the trading platform is about.
IQ Option is a website that allows clients to trade a range of financial and assets such as binary options, stocks, forex, and crypto currencies, of course.
The site has quickly grown to be one of the fastest growing online trading platforms and claims over 20 million account holders from around the world and was founded in 2013 and run by IQ Option Ltd.
The Cyprus Securities and Exchange Commission (CySec), the corporation is also headquartered in Cyprus and regulated in the EU; it is compliant completely with the regulations adopted by the Commission, and it is fully entitled to market its goods to its customers in a variety of jurisdictions.
In the few years’ time that it has been operating, IQ Option has received several awards recognizing the quality of its services and its reliability.
Today, it has been recognized as one of the top brokers in the industry as well. The traders are pleased to be aware that IQ Option is a licensed broker within the jurisdiction of the Cyprus Securities Exchange Commission (CySEC) under the company name IQ Option Europe in order to enhance their reputation as a reputable Broker.
What IQ Option Offers
IQ Option offers its consumers with a variety of alternatives, and IQ Option also allows customers to trade on stock contracts, on crypto currencies, on Exchange-Traded Funds ( ETFs), on forex and on several digital options after start-ups.
Crypto currencies: The 12 leading Crypto currencies, including Bitcoins, Ethereum, Litecoins, Ripples, Monero, Zcash, Omisego, IOTAs, and Dash, may also be exchanged by users.
CFD on Stocks: IQ Option allows users to trade CFDs on stocks from over 176 different companies, including the most successful businesses listed on the NASDAQ and NYSE.
ETFs: EFT is a fairly new product, and ETFs track commodities, clues, and asset baskets. They can be traded as common securities and traders are able to select from about 4288 ETFs.
Forex: A very common trading market is FX, or Forex, and the IQ Option provides access to approximately 188 currencies. This enables users to easily exchange their favorite foreign currencies.
Options: The prices of different assets including money, securities, indices, and commodities can be estimated by users. The platform now offers more than 10 million options.
IQ Option Demo Account
IQ Option provides a free account, as do other rivals. Yet the demo account of IQ Option is excellent. As the length of your trial account is indefinite. This makes your trading strategies feel relaxed. This also encourages you in the future to check new market approaches.
The IQ Option test account has virtual money of $10,000. You can quickly repay the balance by using all these virtual funds to continue your business practice.
The fact that you do not have to include personal details until using the demo account is another excellent feature of the demo account. Not only with rivalry. This is not always the case. The omission of identifying information for a trial account preserves the privacy of prospective customers.
Is IQ Option a Scam?
It’s difficult answering this question as an individual. One thing every trader takes into consideration when trading online is the reputation of the platform. Whiles sharing personal experience as to whether IQ Option is a scam or not, we are going to draw your attention to various consumers’ perceptions about the trading platform.
So back to the question, is IQ Option a Scam or Legit? Lets read some reviews from users.
User 1 (Ste Walker): “I don’t want to waste your time with tons of unnecessary information. Therefore, I will get straight to the point with this. IQ Option is NOT a legitimate broker!!! Here are 5 reasons why this is the case.
Binary Options: I’m sorry to break up your bubble if you didn’t know yet. Yet binary options are enormous scams!!! This is also why in countless countries binary choices are banned. If a broker sells a fraudulent commodity, the broker is just as scammy. The bid or sale of IQ Option binary options is sufficient to make them an illegal broker!
CFDs: What is CFD? What is CFD? CFD is called the ‘Difference Contract’ and is an over-the-counter ( OTC) drug. This means that when you swap CFDs with them, the IQ Choice would be your counterpart. Are you seeing any interest dispute here?.
They want you to lose if your broker takes the opposite side of your market. The binary choices for CFDs are just a better version. We make the trader feel like he/she trades real goods, but he/she does not really do. When a broker says that it offers stocks, forex, crypto currencies, and more, but that they are not legal in the form of CFDs only”.
User 2 (Ahmed Maousa): I started trading on the IQ-Option and I had to lose a lot, made deposits of €2,000, €5,000,8000, and losing money continuously until losing a total of nearly €90,000!IQ Option was satisfied, never protested, or told me anything wrong.
Occasionally, the account director called me to congratulate me on a new deposit.IQ Option was pleased. Finally, in September, I decided to close the EUR currency account which I opened because I wanted to make the last shot in USD and on 07.09.2017 deposited US$ 18.000 to try to get back my missing money with IQ option. I wanted to get back to the banks. Again, my account manager was happy that I made a new big deposit.
Then I had a huge surprise, the account manager called to me, and she told me that they couldn’t pay the income they generated on the new account because it breached their T&C.
It is true that I live in ROMANIA, and I have used all of my deposits for my credit card and bank accounts in ROMANIA, but I have my offices in Saudi Arabia and I still fly back and forth, so I do not even need to make my personal lives some business of my own!
They’ve never been mad until I get my lost money back!
She told me they were only going to repay my last $18,000 deposit and then they would end my account. I was glad to learn that I had my cashback with help from Recoveryex.com.
This is what it has come to? When you lose money they are happy, but when you finally get lucky and make some money they will just terminate your account and get done with you? Is this how it all works, dear IQ Option.
User 3 (Rajendra Pandey): IQ Option is a tried and tested broker that has a real market, Otc, or virtual market available only on Saturdays and Sundays.
Do you think that a trader comes to the IQ option or to any other brokers on Quora after becoming the most effective trader? Think someone who makes money is going to share his knowledge?
The people who spend money without information are the ones who continue to write negative reviews. You need to be more experienced in order to trade in Iq or any other binary alternative.
I know other countries have prohibited IQ Option, note that they have banned all binary options brokers due to most scam brokers, not just IQ option. The IQ Option was also awarded for the best broker tag many times. I do not support them, but I do support the facts. The reviews I see, It’s totally false.
Conclusion: Is IQ Option a Scam?
We can list a lot of reviews, but what is our own experience? Well, to be honest with you, IQ Option is a verified broker having a real market therefore I can not conclude that IQ Option is a scam.
I haven’t had the bad experience people are sharing, that’s not to say they are wrong or right. My suggestion is that whiles fishing money, open your mind and invest only amounts you will lose.
Just like sports betting, you can’t trust all your eggs in one basket. Do not borrow to invest, as the uncertainty in this business is extremely high. Do share your experience in the comment box with us.