Ive been looking at trading binaries within the last few weeks and have settled for IQ OPTION. However the company is located in the Seychelles and this is their review on a certain binary trading forum
Intro & Platform Review
IQ Option is a binary trading platform that is owned and managed by a holding company known as Alta Vista Trading Limited. Based in the Seychelles, IQ Option is licensed and regulated by CySEC.
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Established in mid 2013, IQ Option is well known among the binary trading community as one of the most reliable and innovative binary brokers in the industry. Its reputation is also enhanced by various awards that the broker has won from various industry reviewers.
To provide their clients with access to the financial markets, IQ Option uses a platform that it has developed proprietarily. As such, the interface and functionalities of the trading platform may not be what most binary traders are used too as it is modelled after the more advanced trading platforms used by the spot forex trading industry.
Nevertheless, it cannot be denied that IQ Option’s trading platform is probably one of the most sophisticated trading platforms around in the binary industry.
Uniqueness
Apart for having a refreshing user interface, IQ Option’s trading platform allows traders to change the view of their chart from a line chart to a candlestick chart. In addition, there are also various other tools such as a line drawing tool which traders can use to plot trends on their live charts.
Perhaps one of the most useful features about IQ Option’s platform is the ability for traders to make multiple trades on the same chart. This is especially useful when you want to employ more sophisticated trading such as the “Fence” trading strategy.
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Assets & Payouts
Surprisingly, as a dedicated binary broker, IQ Option has a rather limited portfolio of underlying assets. Although, traders are still able to trade in the 4 major asset classes such as forex, commodities, equities and indices, they are somewhat limited, e.g. gold is the only commodity available.
As for the returns on investments, IQ Option offers one of the highest payout ratios in the entire binary option industry. Under the right circumstances, traders can earn as high as 93% returns on their investments.
License & Regulation
As a corporate entity established in the Seychelles, IQ Option’s scope of operation comes under the jurisdiction of the newly formed Seychelles Financial Services Authority (FSA). However, it should be noted that the IQ Option brand is operated by two different corporate entities from Alta Vista Trading Limited. As indicated on their website, IQ Option is operated by Infofield Premier Ltd (Registration No: HE324593) and Investlab Holdings Ltd (Registration No: HE327751). Since Investlab Holdings Ltd is regulated by CYSEC (License Number: 247/14), this means traders trading on IQ Option are also protected under the provisions of the MiFID.
Pros
• High Returns of up to 93%
• Lowest Minimum Initial Deposit Requirement
• Regulated Broker
• Sophisticated Trading Platform
Cons
• Limited Range of Underlying Assets
• Options Contracts Limited to Standard Options and Short Term Options
Conclusion
Although IQ Option has been around for only 2 years, its track record and the numerous recognition awards that it has won are testimonial to the fact that this broker is committed to providing its clients with the highest level of quality services. Any notion of IQ Option being a scamming operation is quickly dispelled when you consider the fact that one of the awards which they won recognizes them as being one of the “most trusted binary options broker” in the industry. Apart from being a trusted broker, IQ Option also made it easy to access the financial markets by requiring new accounts to only make a minimum initial deposit of $10. This is probably the lowest ever initial deposit requirement that you find in the industry. Even their minimum trade size requirement is newbie friendly as traders can trade with as low as $1/-!
Ratings Overview
Customer Service Rating – 10
• 24/7 Live Chat
• Phone Support For 3 Countries
• Trading platform translated into 8 languages
Asset Choice Rating – 8
• 35 Stocks
• 22 Currency Pairs
• 1 Commodity
• 6 Indices
Deposit Method Rating – 10
• Credit Cards
• Wire Transfer
• Web Wallet
Minimum Deposit Rating – 10
• $10
Minimum Trade Rating – 10
• $1 Minimum
Trading Features Rating – 7
• Standard Call/Put Binary Options
• Short Term Binary Options
Payout% Rating – 10
• Up to 93%
Bonus Offers Ratings – 9
• Up to 150% matching bonus on initial deposit.
Site Intangibles Rating – 9
• Regulated
• Free Demo account
• Real Time Price Feed From Thomson Reuters
• Training videos
IQ Option, 4.1 out of 5 based on 30 ratings
Nadex is another well lined up binary trading platform but only available for those based in the us.
Any binary trader in here who has an experience with these derivatives and knows The Dos and Donts in terms of what broker to deal with?
cc
@Okiya
@Alchemist
@denis young