logo |

News

    Home   >     knowledge    >     IQ Option    >     IQ Option Introduction

    IQ Option Spreads, leverage, minimum deposit Revealed

    Abstract:IQ Option publicizes that it is a binary options provider, which offers multiple trading instruments and a unique trading platform, as well as free demo accounts. It also claims that it offers up to 1:500 leverage, no spreads, no commissions and 24×7 customer support services.

      General Information

      IQ Option publicizes that it is a binary options provider, which offers multiple trading instruments and a unique trading platform, as well as free demo accounts. It also claims that it offers up to 1:500 leverage, no spreads, no commissions and 24×7 customer support services.

      Market Instruments

      IQ Option advertises that it offers a wide-variety of trading instruments, including trading options like binary, digital options, forex and CFDs, as well as trading assets like currencies, stocks, indices and cryptocurrencies.

      Account Types

      There are three live trading accounts offered by IQ Option, apart from free demo accounts,namely Classic, Platinum and VIP. The minimum initial deposit to open a Classic account is $500. Elsewhere on the website, however, a deposit of $100 is mentioned. While traders do have a VIP account available to those who deposit more than $3,000.

      Leverage

      In terms of trading leverage, the maximum level offered by IQ Option is pretty high, up to 1:500, yet too high leverage is not always beneficial for traders, because leverage gains are consistent with losses.

      Spreads & Commissions

      IQ Options website shows that it has no spreads and no commissions. However, it seems to be contradictory when we found that at the same time a bonus is offered that includes 60 days of commission-free trading.

      Trading Platform Available

      IQ Option offers clients a wide selection of trading software, including desktop, mobile apps and web-based platforms. The design is rather minimalistic, with all the options being available through additional menus. Some technical indicators are also available, although the list is not as extensive as those offered by most forex brokers. Candlestick charts are available, which cant be said for all binary option providers.

      Deposit & Withdrawal

      From IQ Options website, we can see many logos of popular payment methods, which include Credit/Debit Cards like Visa and MasterCard, Skrill, PayPal, Neteller, Giropay, Sofort and “many more”. The minimum deposit is $10.

      Customer Support

      IQ Option‘s customer support can be reached through website: www.binaryoptionsforex625.com. More other direct contact information like phone, email or company address are not not available on IQ Option’s website.

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.