Trading binary options can be a pretty daunting task, but something even harder is being able to find a site which you can use to trade. The wide number of options out there, in this case, acts as a curse rather than a pro because it is virtually impossible to go through each and every site out there and find out which one would be the best for you. Not to mention, if you are scanning for something yourself, there’s always a chance that you will get ripped off, and that is something nobody really wants.
Fortunately for the contents of this article, through extensive research and analysis, we are able to tell you which sites are safe for you to trade on and which can help you gain excellent returns.
Our best bet is iqoption.com.
What is IQOption.com?
Based in Cyprus, IQ Option opened it was doors for business in 2012 and since then has experienced a tremendous amount of growth. IQ Option is under the ownership of Iqoption Europe Ltd. What sets apart IQ Option from other sites is their immense incorporation of technology into their website. IQ Option utilizes their own custom generated binary trading platform which offers fast trading in advancements up to five minutes. Currently, the only commodity they trade in happens to be gold.
In addition, IQ Option hosts regular trading tournaments with a new competition each week.
Customer reviews suggest that the trading platform is extremely efficient and easy to use. The site features a wide range of trading options which offer excellent returns on investment. In fact, IQ Option has one of the smallest minimum investment amounts in the sector. You can begin your IQ Option journey even with a small deposit amount of $10 and a minimum investment of $1. However, if you are new to the world of trading, IQ Option has you covered since the site also features interactive learning tools to help people understand the world of binary trades better.
IQ Option is currently available in most countries of the world barring the United States of America, Canada, Israel, Syria, Japan, and Iran. In Spite of these barred nations, IQ Option does, in fact, accept payments in USD and CAD along with other currencies like AUD, NZD, RUB, and EUR.
IQ Option is currently one of the safest options on the internet for binary trading. In light of this, IQ Option has received numerous awards and certifications which further proves its trustworthiness and intent within the sector. Some of these awards include ‘Most Reliable Binary Options Broker’ and ‘Most Innovative Binary Options Broker’.
IQ Option cares about its user’s safety and goes the extra mile while trying to provide protection to its customer’s information and trading profiles. It has very strict guidelines that must be followed while trading to ensure that your money is in the right place. The site is heavily regulated and ensures that they are complying with global laws and not performing any law infringements.
Opening an IQ Option Account
Fortunately, opening an IQ Option account is extremely simple. Their site is extremely user-friendly and encourages people who have never traded before. The front page of the website has a simple sign up button where one has to fill up a form mentioning all the necessary details after which you will be asked for an identity verification.
Soon after registration, IQ Option will ask you to authorize a payment of $10 USD towards the site to begin your trading journey. IQ Option is said to be the website with the lowest binary trading fee. This encourages people of all financial backgrounds to invest in IQ Option. IQ Option does not believe in putting a cap on the users just based on their current income. Since the site aims to help you generate more, they have adopted this approach of letting people trade in small amounts which have significantly increased their user traffic.
Unlike other binary trading options, IQ Option treats all of its customers equally no matter what the invested amount is. For this reason, the website only has two tiers of accounts. They are the IQ Option Real Account which requires a deposit of just $10 and the IQ Option VIP account, which requires a deposit of $3000 but boasts a wide range of benefits.
In addition, IQ Option also offer’s it’s users demo accounts where they can try out the website first before they start to invest money into it. A demo account is ideal for new users because in the demo amount exists $1000 of fake virtual money which you can use to practice your trading with. This gives the users a good idea of what to expect from the site and helps them understand the finer aspects of binary trading.
In addition, IQ Option has integrated learning tools into the website to teach people how to use the website efficiently. IQ Option rightly believes that if the user is more educated about the world of binary trading, they are more likely to make better trades.
IQ Option also has a number of other convenient learning options like tutorials and eBooks to do their part in making their users better binary investors.
To help you out, even more, IQ Option has implemented an auto trade option where you can use a bot to implement a trading strategy and do the trades for you.
Trading on IQ Option
As you may have realized IQ Option is really user-friendly and encourages new traders. The website is a prime example of how trading platforms can provide an efficient and friendly user experience. Trading on IQ Option is extremely simple and easy to follow with their extremely well thought out custom coded trading platform.
All you have to do is log into your IQ Option account and go to the trading page. From the options listed there, you can choose what kind of trade you want to undertake and also choose the numeric value of the money you wish to trade. Trading starts at a minimum amount of $1 and can go up to a maximum of $1000 at a time. It all depends on how much of a risk you wish to take on and how much profits you wish to reap out of it.
One of the main reasons people tend to use IQ Option is because of the return on investment. Users have reported that they have gained as much as a 91% profit on their successful trades. Currently, binary trading on IQ Option offers you a higher return on investment than any other financial institution or binary trading websites.
IQ Option offers a variety of banking options to invest and deposit your money. Currently, they accept deposits from bank transfers and most credit and debit cards. Withdrawing the money you have earned through IQ Option is also a very simple process. Any forms of withdrawal or deposit generally take about 1-3 days to take effect.
The business strategy of IQ Option is based on a rule of equivalent exchange. They believe that at any point of time in the world, there will always be people willing to buy and sell. In the most ideal of circumstances, the traders who are buying and the traders who are selling have an equivalent amount of assets purchased or sold.
Tournaments on IQ Option
IQ Option is constantly looking for ways to bring out more innovations to their website and make the entire process of binary trading more engaging. Every week, IQ Option has binary option tournaments which are open to all users with an effort to engage activity among the users and bring a light-hearted element into the world of binary trading.
Entry into the tournament requires its users to pay a registration or tournament fee. Each tournament lasts not more than thirty minutes, making the tournaments accessible to people who don’t have much time on their hands. The tournament starts off with users getting a virtual balance of $10,000 which has to be used to undertake binary options trades. At the end of the tournament, the participant having the largest online currency pool is the winner of the tournament. The prizes for the tournament are huge and may sometimes vary depending on a number of people participating in the competition and the type of tournament it is. This brings a whole new element of lightheartedness and fun into an otherwise serious world of trading, along with giving one lucky, smart user a chance to win big prizes.
IQ Option is not only extremely efficient but also conducive to what the market really needs right now – something that isn’t overhauled by complexity in terms of binary trades. People want trading to be simple, and IQ Option has done just that. Along with top-notch customer service and a great customer satisfaction strategy, it is easy to see why IQ Option has become one of the most loved binary trading companies in the entire world.