IQ Option is one of Europe’s largest binary options brokers. They are relatively new having been founded in 2013. Before you open up an account here and start trading, read this IQOption review, take a look at the basics for the site and make sure that you know what you are doing. This is a great broker for some traders, but not for everyone.
Creating an Account
If you are interested in this broker, the first step in trading with them is to create an account. To do this, go to the homepage and click on the Create an Account link. From here, you will be asked to enter your personal information, including your name, email address, phone number, and country. If you want to trade at this site, you will also need to make a deposit, selecting the currency that you want to use from here on forward. To do so, you can use your bank account, a credit card, or one of a few different online wallets. Which is best for you is really dependent on how much you will be depositing, and how quickly you will need your withdrawals in the future.
In order to withdraw your earnings from IQ Option, you will first need to confirm your account. The industry standard here is to fax or scan their customer service department both a copy of a government issued identification card or passport and a copy of your utility bill that proves your place of residence. This way, you can prove both your identity and your current address.
To process a withdrawal, first know that your withdrawal will by default go back on the same account that you used for your deposit. If you made a deposit by credit card, your cash earnings will be put back on the same credit card. If you need something different done, then you need to contact the customer service department here prior to beginning the withdrawal process.
Withdrawals tend to take about 5 to 10 days to complete once they have been initiated.
Using the Platform
Once you have made a deposit, you can begin trading. However, with IQ Option, you only need to fill out a few basic details about yourself to gain access to a demo trading account. This will allow you to test out the broker’s platform for a couple days until you have a better idea of whether or not this is the right place for you to trade. Once you have an account, you can use all features of the site freely. Remember to look at our main page for more broker information.
What Does IQ Option Offer?
IQ Option currently offers the traditional call and put options, ranging from 15 minutes to much longer, depending on the time of year it is. They also have turbo options, which are their equivalent of ultra short term options, ranging from 60 seconds up to 15 minutes in length before expiration.
After reading this IQOption Review, you should have a better understanding of this broker. There are plenty of sites to trade at, but wouldn’t you want one that is regulated and ready to help you. If you have any more questions, be sure to contact their customer service and they’ll answer any more questions you may have.
Does this broker accept U.S. traders? IQ Option does not currently accept traders based out of the United States. They also do not accept traders from Canada or Japan at this time.