IQ Option Arabian
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Should I Open an Account with IQ Option?
Right from the start I can see I am not dealing with the usual Binary Options website that shows me a glamorous girl, a limousine or stacks of money. The first thing you will notice is that the home page is free of cheap marketing tactics and to be honest that makes me feel like I’ve accessed a trading venue, not an online casino like a lot of the other brokers on the market. IQ Option entered the marketplace in 2013 and since then they’ve done a great job at differentiating themselves from other brokers. First of all, their platform is proprietary, you won’t find it anywhere else. The biggest advantage is the charts, where Japanese candlestick charts and a a list of many technical indicators like Moving Averages, Bollinger Bands, MACD, RSI, Stochastic an 7 others can be used. This is a big thumbs up because as we know, usually binary options brokers severely suck when it comes to charting and additional technical tools. Something that many traders will be happy about is IQ Option’s low minimum deposit of just 10 US Dollars, and of course the free Demo account that is really free. Registration is easy and you can start trading immediately on Demo – for a real account, your IDs need to be verified as is the case with all CySEC brokers. Traders who want to feel “special” have the option to open a VIP account for as little as $3,000 and they actually get VIP treatment: up to 92% return in the case of correct prediction.
The minimum investment of $1 per trade is the lowest in the industry. This makes it possible to start investing, with real money. As the minimum investment is so low, I recommend opening a real money account from the beginning. The maximum investment of $5,000 per trade is sufficient even for “high-roller” investors who are willing to take big risks in order to obtain high yields. For example, by setting a number of $5,000 trades in a row, you can raise the stakes as high as you want.
Investors have free access to a large number of different technical analysis tools and resources. You can even use these directly through the trading platform. You can easily see the moving trends of trading, and through the technical analysis panel it is almost effortless to make investment decisions based on completed analysis. You do not need any previous expertise to do this. There is an almost endless quantity of free educational materials for you to use, such as free webinars, ebooks, instructional videos and tutorials. With the help of these extensive materials, you can easily develop your skills and become a much better investor. Below are three examples of tutorial videos that are available for investors.
We found a list of complaining clients on pissedconsumer.com and the complaints are increasing gradually. Most users complain regarding return percentage changes during volatile markets, some complaint about platform freeze or expiry strike being different then the market price. We also found many complaints regarding withdrawals and blocked accounts and untrue quotes. Some people compared the IQ Option charts to MetaTrader but if you look carefully, they failed to notice that the IQ Option charts and MetaTrader where not using the same time interval (in some cases). On the other hand, we also found many satisfied people claiming they had no issues with their withdrawals. In regards to price delays and price issues, you may feel relieved to hear that CySec recently withdrew a fine that was issued for “not executing orders the best possible way for their clients”. This means that their platform is working in accordance with CySec rules and not cheating the clients. Finally, there are complaints regarding customer service, however, users must understand that IQ Option has limited live customer service.
How To Use
There are currently hundreds of binary options brokers, with new ones appearing on the market almost daily. This is great for customers. As companies try to compete against each other, there is an almost endless number of choices with special features. One thing that many brokers have been overlooking is existing customers