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The trading platform first went live in and since then, it has grown by leaps and bounds. Over the few short years that it has been operational, IQ Option has won numerous awards praising the quality of its services and its reliability.
Today, it has been recognised as one of the leading brokers in the industry as well. Rather than opting for a standard trading platform, IQ Option has chosen to provide its clients with a proprietary platform designed specifically to cater to their trading needs.
The same platform is used for CFDs and for binary options trading. Well designed to be user-friendly, the platform features a large chart which is a great help for traders who wish to monitor the conditions in the markets. In addition, the platform comes with a wide selection of trading tools that are typically not found on any binary capable trading platform. For traders that are unable to remain at their trading terminal for any prolonged period of time, they can install the mobile trading app that has been provided free of charge by IQ Option.
The mobile trading app which has been designed specifically for smartphones and mobile devices, allows traders to check their account status, keep updated with all the developments in the market as well as to execute trades. Potential traders who wish to try out the platform can first sign up for the demo account. The only kind of promotional offer which traders at IQOption are able to participate in is the trading competition which they can join for a entrance fee. Currently, traders at IQ Option can trade in 87 different types of underlying assets.
They consist of a selection of currency pairs, market indices, stocks and commodities. Recently, IQ Option has also added a selection of 12 different types of cryptocurrencies for its clients to trade in. One of the major plus points of IQOption is their customer service.
They can contact the support team through email, live chat or the telephone. For the benefit of traders whose mother tongue is not the English language, IQOption has also translated their website into a dozen different languages. For the funding of trading accounts at IQOption, the broker has provided support for several methods of fund transfer.
These methods include transfer by credit cards, ewallets and bank wire transfer. To withdraw funds, traders can also use the same methods that they used for making a deposit in the first place. Processing of withdrawal requests typically take one business day but can be as fast as a few hours if the withdrawal method is by eWallets. For credit cards and bank wire transfer, the entire withdrawal process can take as long as 10 business days to be completed.
One of the most important factors to consider when looking for a broker to conduct day trading with is looking at the type of instruments that are available for trading.
With IQOption since the broker offers CFDs which allow traders to open and close their market positions at any time, it is a suitable broker for day trading.
In addition, the broker is well regulated and this helps to ensure that your money will be handled professionally and ethically. Withdrawal requests at IQOption normally take one business day but as be as short as a few hours. Brokers Reviews 24Option Avatrade Binary. Reviews 24Option Avatrade Binary. Demo Account Yes Min. Traders in Germany welcome.