An IQ Option Review: Is It a Safe Trading Platform?
Published June 10, 2021.
IQ Option is a safe online broker based in Cyprus. Being fully regulated and licensed, the company is permitted to provide financial services to clients from the European Economic Area.
The trading platform went online in 2013 and has expanded in leaps and bounds since then. Moreover, IQ Option has genuinely made online trading accessible to everyone with their cheap minimum deposit requirement of $10 and free demo account.
Also, they provided margin trading back in 2020, lowering the limits and boundaries for traders with limited budgets. This places them on par with Europe's more established brokers and CFD companies.
Is It Reliable?
It's worth noting that this platform is a MiFID compliant broker, as it's CySEC-registered. In other words, the platform is authorized to provide its services to all European Economic Area clients.
The fact that IQ Option is a member of the Investors Compensation Scheme adds to the benefits of being regulated by CySEC for clients. Each of IQ Option's clients' cash is safeguarded up to a certain amount under this arrangement.
Furthermore, the platform has an extensive range of trading features not generally seen on most trading platforms. Popular technical indicators such as the moving averages, MACD, and RSI are just some of the many valuable tools you'll find there.
To provide traders additional choices, the developers often add new features to the platform. The position 'top-up' is one example of such a feature, permitting a trader to keep a deal open even if it passes the stop-loss.
Stocks, Forex, Cryptos, and Options
IQ Option has a lot to offer when it comes to providing its traders with investment options.
The platform has recently increased the number of equities and shares on their list, bringing the total to over 150. This expansion is expected to continue in all regions. IQ Option has also broadened markets across all products. Thus included Oil, Gold, and Silver in the asset lists of digital trades.
All in all, this is a reliable broker that deserves a chance. With its extensive list of features and valuable tools for beginner and intermediate traders, it's a platform that offers a lot.
While experienced investors might not benefit significantly from what IQ Option provides, it's still a good choice for beginners in the trading world.