Here we are with the first part of this deep review! I want to make sure you will know every basic feature of this broker and every advantage you’ll get by using it for your trading business, so let’s switch to account point of IQ Option’s review approved by my friend Max in his OptionMag portal!
You can see him right there :
To make service the simpler they can, IQ Option creators have established just two account options: standard and demo. To open a demo account you’ll need a minimum amount of 100$(you can operate with $,€,£ and others). Thought for musulman religion traders, there is also a function that will enable to operate in conformity with Sharia principles with accounts without swap.
- MAM account : for professionist traders, who often have to organise various accounts for their customers, it’s available even the Multi-Account Manager (MAM) that enables the user to :create a limited number of trading subgroups, open an order from a principal account, various allocation parameters etc. Thanks to this system traders have access to every information from every single customer’s account to improve their management time.
IQ Option’s Commissions and Spread
With this broker traders can negotiate every instrument with fixed or variable spreads. This is a list of sole of the most popular pairs’s spreads.
IQ Option’s withdrawal/deposit
IQ Option ‘s deposits can be done through both credit card or electronic transfer. The broker also supports transfers through electronic wallets like Paypal, Skrill, Neteller and WebMoney .
Withdrawal methods are the same ones used for deposit. To ask for a withdrawal the user has to fill in an online form that you can easily find in the dashboard of your trading account (https://eu.iqoption.com/en/faq) . Follow the instruction that you can find in the “withdrawal” section and send your request. After this fast procedure you’ll have to wait for about 5 day to elaborate the withdrawal request and a couple of days to complete the procedure and to have the money deposited on the trader account. To obtain a faster procedure trader can ask for an Ava Debit MasterCard. Thanks to this card withdrawal waiting time is drastically reduced.
IQ Option’s Bonus and Promotions
To new users IQ Option offers a welcome bonus, when the traders signs up and they deposit money in their trading account. The bonus nay vary based on the value of the deposited money(from 100$ to about 10000$). There is another bonus program too, that traders can take advantage of even after their inscription to the broker: for every invited friend the trader will receive a bonus between 75$-400$.
Not so bad, right? Anyway, this kind of bonuses may be subjected to some reductions when withdrawing.
To finish, some motivation from their insta 😉
IQ Option’s customer service is managed by multilingual personnel, available 24/7 hours every day for five days a week. In this way IQ Option’s trader can always be sure to obtain the assistance he needs, no matter what time is it. To communicate with the customer service IQ Option’s trader can use email, social media, live chat, fax and phone calls.