IQ Option is a licensed online broker platform that was founded in 2013 and is regulated under the Seychelles jurisdiction. Although it is primarily a binary options trading platform, it offers other trading options including cryptocurrencies. While the platform is accessible from basically anywhere across the globe, some governments have restricted its use in their countries.
High payouts on investments
Low minimum deposit
Up to two years’ access to transaction data
Restricted in some countries
Prone to bugs that slow it down
The numerous trading assets can be confusing to beginners
IQ Option focuses on four main trading instruments: binary options, Forex DFs, Cryptocurrencies CDF and class options. There are more than 500 trading assets available.
IQ Option can be accessed as a web-based platform or a mobile app for both iOS and Android devices. The web platform is also optimized for mobile devices. It is a multilingual platform available in English, Portuguese, Italian, Chinese, German, French, Russian, Swedish, Spanish, Korean, Turkish, Indonesian and Turkish.
Currencies and cryptocurrencies
Bitcoin is the main cryptocurrency traded on IQ option. There are three approaches to trading Bitcoin on the platform. One is to buy bitcoins using USD. Second is bitcoins CDF trading which offers a higher profit margin. Finally, binary options trading on bitcoins so that the trader guesses the trend in bitcoin trading and prices. While the third option has lower profitability than bitcoin CDF trading, it is still viable. Traders can withdraw their bitcoins to their BTC wallet for storage.
While IQ option is available worldwide through its affiliate program, some countries have restricted it. These are Russia, USA, Canada, Iran, Syria, Japan, Sudan, Australia, Israel, France, Belgium, Palestine, North Korea and Turkey. The mobile version is also restricted in Cuba, Malta, Liechtenstein and Myanmar.