IQ Option was formed in 2013 and is today one of the largest binary option brokers for retail clients.
Within the European Union, IQ Option works through a subsidiary registered in Cyprus, and this subsidiary licensed by CySec.
Is IQ Option suitable for micro traders?
Yes. You only need to make a £10 deposit to start trading with real money at IQ Option. The smallest permitted trade size is just £1, which is great for micro traders. Even with a small bankroll, you will be able to diversify and manage risk in a useful way, even if you do not want to use leverage.
The maximum trade size is £10,000.
Binary options, and more
IQ Options offers both binary options and contracts for difference, in addition to more conventional forex trading. Binary options and contracts for difference both allow you to gain exposure to an asset without actually owning that asset.
IQ Options have both standard binary options and turbo binary options. The turbos have especially short timeframes.
Can I speculate on cryptocurrencies at IQ Options?
Yes. Examples of cryptocurrencies that you can gain exposure to here are Bitcoin and Ether (Ethereum).
The proprietary IQ Option platform is very easy to use, even for inexperienced traders. As you gain more experience, you can configure the platform to suit your particular trading style and tool needs.
It is possible to have several trading windows active simultaneously.
Technical analysis tools are available. You can modify how charts are displayed, including anything from colours to timeframes. Examples of available options for charting are candlestick, line, and bar. Play around with MACD to run with moving prices, or take advantage of bollinger bands. It is easy to expand and shrink the timeframe of the graphs to better notice patterns. You can draw your own figures on the charts, add trend lines, mark out support and resistance, apply smoothing ratio on the stochastic oscillator, and much more.
Mobile apps are available for iOS and Android.
You can open a free demo account with IQ Option. No deposit is required, and there is no time limit for how long you can use the demo account. The demo account is filled with play-money, to allow you to carry out trades without risking any real money. It is a great way to learn about the features, experiment with binary option strategies, and see if IQ Option is a broker you wish to make a deposit with.
You can use signal service with IQ Options.
Deposits and withdrawals
All major credit cards are accepted, and you can also use wire transfer and the e-wallets Skrill and Neteller.
Smallest possible deposit is £10.
If you make a deposit exceeding £3,000 you will get a VIP account. This account comes with various perks, including improved returns on certain markets, VIP educational material and access to a VIP account manager.