IQ Option Investors

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Trading Platform

IQ Option uses its own trading platform, a fresh change from the SpotOption platform which is used by almost all the major broker sites, including Banc de Binary, and GOptions. Unlike some competitor sites, the possibility of inadvertently setting the wrong investment is not possible. The platform has many unique features, which are specially designed to make it simple and easy to use. In order to test the platform with a beginner, we asked our secretary if she could master the platform. Our secretary does not have any previous experience with binary options. We gave her 15 minutes to learn, after which we came back to check the situation. When we came back, she told us that 15 minutes was more than sufficient. She was very familiar with all the main features after a couple of minutes. She also told us that she had never been interested in investing

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Awards

IQ Option has received several awards and recognition from multiple sources. This is more proof that they are excellent and honest in their business. The most popular of these awards are the “Most Reliable Binary Option Broker” award and the “Most Innovative Binary Option Broker” award. The judges were the most esteemed and experienced people in the area of investment, from all-around the world. IQ Option competed against other popular broker sites, such as CTOption, Option FM, CherryTrade and Master Option.

Complaints

We found a list of complaining clients on pissedconsumer.com and the complaints are increasing gradually. Most users complain regarding return percentage changes during volatile markets, some complaint about platform freeze or expiry strike being different then the market price. We also found many complaints regarding withdrawals and blocked accounts and untrue quotes. Some people compared the IQ Option charts to MetaTrader but if you look carefully, they failed to notice that the IQ Option charts and MetaTrader where not using the same time interval (in some cases). On the other hand, we also found many satisfied people claiming they had no issues with their withdrawals. In regards to price delays and price issues, you may feel relieved to hear that CySec recently withdrew a fine that was issued for “not executing orders the best possible way for their clients”. This means that their platform is working in accordance with CySec rules and not cheating the clients. Finally, there are complaints regarding customer service, however, users must understand that IQ Option has limited live customer service.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Extras

Candlestick charts are considered an extra for binary options brokers even in this day and age. It makes me almost sad to say it, but it’s a fact so they get bonus points for it. Their innovative platform can also be considered an extra feature as are the many tournaments for trading that they offer. Keep in mind that these Tournaments are subject to Terms and Conditions, just like any competition, anywhere around the world.

Tournaments

IQ option offers binary options tournaments*. I have never seen these on any other broker site, so I tried them with great interest. At the beginning, all traders get a tournament balance of $10,000 for their use during the tournament. Winners are determined by their tournament balances at the end, participants with the highest balance win the first place prize etc. Some tournaments have a guaranteed prize fund, which means that, if participation fees do not cover the whole prize pool, the broker will pay the rest. Some tournaments also have rebuy possibilities, meaning that, if you lose your whole tournament balance, you can rebuy yourself back into the tournament, for the same entry fee and you get a tournament balance of $10,000 again. Tournaments usually last for 30 minutes. By participating in a tournament, you can profit 100 times (sometimes even more) the entry fee.