Binary and digital options are prohibited in EEA.
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

Safe or Scam? a Short-And-Sweet Iq Option Review

Your capital may be at risk. This material is not investment advice.

As forex trading is giving access to more traders in South Africa, it’s being widely applauded and criticized for the wild ups and downs in the market.

If you’re looking for an IQ Option review because you keep hearing about it, then look no further. In this review, we’ll look at everything that IQ Option has to offer as well as what some of the criticisms of the platform are.

Here is everything you need to know about IQ Option.

What You Can Do

When you’re using IQ Option for trading, you get a lot of features that other tools don’t offer. Users get a lot of alternatives for trading in a multitude of ways.

You cannot trade CFDs on stocks, Forex, Cryptocurrency, and ETFs. There are so many digital options for trading, there isn’t even room to go into it here.

Here are some of the best features of each element.

If you’re looking to trade CFDs on stocks, you’ll have access to a wide variety of companies. Nearly 7,500 companies are represented, encompassing most of what’s traded on NASDAQ or NYSE. If you want to trade across this wide variety of companies, IQ Option can handle it.

For crypto, you get the chance to trade across the top dozen currencies out there. The most important ones like Ethereum, Bitcoin, and Litecoin are heavily traded with the help of IQ Option.

With EFTs, you can track indexes, commodities, and collections of assets. You can trade them just like stocks, with more than 4,000 to choose from with IQ Option.

For Forex obsessives, foreign exchange trading has never been easier than with IQ option. Get your hands on nearly 200 currency trading pairs. If you’ve got a favorite currency, you can be it’s on IQ Option.

Test Drive It

Not every experienced trader wants to jump ship to the latest tool out there. Most traders get comfortable trading with one tool and are in no hurry to try out another. There are so many tools that promise to make life easier that every experienced trader knows the cycle of disappointment with new tools.

Since IQ Option only requires a low deposit to get a live account, many people start off with that rather than getting comfortable with demo mode.

If you want to try out the demo version, you’ll get the basic lay of the land with a replenishing supply of virtual currency. Once you know your way around, consider moving on to a real account.

From here, for just a $10 investment, you’ll get as much trading functionality as you need. You’ll get access to more than 70 assets immediately. Withdrawals are processed within 24 hours, so there’s no major delay to worry about. There are even trading competitions on the platform that any paying member has access to.

For big-time traders who invest more than $3,000 at a time, there’s potential to get a VIP account. With a VIP account, you get a personal manager to help you out whenever you need it. You’ll get a monthly report that gives you your trading records and lets you know what your latest performance numbers are.

Use It On Mobile

As mobile internet usage has definitively passed desktop usage, every company is waking up to the need to have a strong mobile platform. Even secure and high-traffic trading platforms know the importance.

That’s why the developers of IQ Option took lots of care to ensure that their product had a strong mobile trading interface. The mobile app gives you even more flexibility than any other similar tool on the market.

With a clean GUI that’s intuitive and easy to use, you’ll get all the charting and graphical elements you use on the desktop platform. The app gives you notifications which you get the chance to set based on your own limitations.

Rather than having to check back on your stocks every ten minutes, set notifications to let you know if it hits certain limits.

You’ll get this app on Android or iOS devices for smartphones or tablets. It’s a helpful tool for the savvy trader who’s on the go.

Free Demo Account
The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

So Is It a Scam?

There’s no way that any tool is a scam any more than any other service giving you access to trading is. With it’s round the clock customer service options and personal touch you get when you become a VIP trader, there’s nothing scammy about this. While some users online complain that people have had problems, nothing smells like a scam.

A few online reviews mention people who have had their accounts locked or who have been prohibited from withdrawal. Many trading platforms protect from being scammed by users through exercising their right to limit user access.

Rather than worry about whether or not this tool is a scam, get on board by downloading and trying it for yourself. You’ll find that most of the positive online comments are right on target, with a wide variety of options for this product. You’ll find new ways to use this product as you get more engaged with trading and buying assets online.

This IQ Option Review Isn't Complete Until You Try It

There’s no IQ Option review that gives you the full experience of using the platform for yourself. When you get a hands-on experience with any trading platform, you learn the ins and outs of what its strengths and weaknesses are. Based on your trading style, a tool that fails for one trader works perfectly for others.

To learn all about the digital options offered by IQ Option, check out our latest guide.

Author info:
Kungawo
Author: Kungawo
Kungawo is from: South Africa, Cape Town
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions