IMPORTANT INFORMATION! IQ OPTION DOES NO LONGER OFFER ANY KIND OF BONUS. IQ Option has decided not to offer bonuses anymore as a consequence of some traders having suffered further financial loss caused by the attempts to fulfil the required trading volume, which applies to each bonus. Thus IQ Option do not provide deposit bonuses anymore to prevent this from happening.
General risk warning
The financial services provided by this website carry a high level of risk and can result in the loss of all of your funds. You should never invest money that you cannot afford to lose.
You have a wide range of choice when it comes to binary brokers. New players show up all the time in this business, something that forces all brokers to up their game. Competition is driving the binary brokers to offer ever better service and more favorable deals for you, the trader. One binary broker that has become very popular is IQ Option. This company has earned a sterling reputation. Among traders of all levels of ambition and dedication, this has become the go-to broker. They offer a great service offering both for newcomers and seasoned traders.
With so many brokers out there it can be challenging and time-consuming to compare what’s on offer where in order to make an informed decision. By reading this IQ Option review you will learn everything you need to know in order to decide whether IQ Option is the right binary broker for you.
The IQ Option review – what are the USPs?
A USP is a “unique selling point.” Basically this means whatever makes a product or a service stand out from the competition in a good way. A USP is a reason for customers to choose one provider over another.
So what sort of USPs does IQ Option offer to recommend this broker over all the other companies out there competing for your business? Here are some of the most important ones:
- High payouts – IQ Option offers returns of 91 % on high/low options. This is higher than the market average of about 80 %. A major selling point!
- $10 minimum deposit – some brokers are only interested in offering a service for major investors. For this reason they set high limits – $500 and more – for deposits. This is fine if you have a serious amount of money to invest. However, if you are a beginner and would like to take baby steps into the world of binary trading, stumping up $500 just to get started might seem steep. No such problem at IQ Option where the minimum required first deposit is only $10 – this is a broker suitable for traders with all sorts of budgets!
- Free trial – this is an enticing selling point. IQ Option gives you the chance to trial their service offering free of charge. This is an opportunity to get to know the company thoroughly, first-hand before you commit to anything or risk your own money. If you are new to binary trading it is also an unbeatable chance to get used to this form of investment without risks.
It is obvious that the selling points of IQ Option pertain to the very most important factors you should consider when you are looking for a new binary broker. Especially the high payouts are noteworthy. This quite simply offers you a chance to make more money. This really should be priority number one, and IQ Option delivers and then some.
IQ Options things to consider
To summarize our impressions of IQ Options it might be helpful to look at some considerations you should keep in mind, in addition to the aforementioned USPs. No binary broker is perfect for every binary trader – that would be impossible because traders are different, and look for different things in a broker.
By keeping these considerations in mind you should be able to ascertain whether this is a broker that fits with your needs and preferences.
- Focused range of assets – some binary brokers offer options based on as many as 200 different assets. With IQ Option the corresponding number is 78. This may seem low, but keep in mind that the vast majority of traders will stick to major assets that are of course found in IQ Option’s selection.
- Options with many different time frames – IQ Option offers options with running times of anything from 30 seconds to several hours. This means that regardless of how fast you like your options, you will find something that satisfies here.
- Not the widest selection of different types of options – on the other hand, IQ Option does not offer all the newest and most advanced forms of binary options. This might be a minus for highly experienced traders, but seeing as most traders stick to the easier options, it won’t be a major drawback for most readers.
Please also keep in mind that it is very easy to open an account with IQ Option and to start trading. As with all good binary brokers nowadays you do not need to download any kind of software or anything like that. You simply log into your account via the IQ Option website and do your trading online. You can do this also via handheld devices like tablets and phones.
IQ Option is a very professional and dependable broker. Their service offering is available to the vast majority of traders – regardless of budget and degree of experience. Newcomers will find the offering very suitable thanks to low minimum deposit limits and an easy to understand trading platform.
IQ Option offers a free trial. Why not take advantage of this excellent offer to trial this binary broker for yourself – without any risk or commitment?.