IQ Option review[Is This Broker Safe or Scam?]

IQ Option review[Is This Broker Safe or Scam?]

The Intelligence Level Option is an online trading stage that enables clients to trade an assortment of money instruments and resources, such as binary options, stocks, forex and of course cryptocurrencies.

Founded in 2013 and operated by IQ Option Ltd, the website has immediately reached one of the fastest-growing stages of information sharing on the Internet and claims to have over 20 million record holders worldwide.

The intelligence level option is additionally located in Cyprus and is led in the EU by the Cyprus Securities and Exchange Commission (CySec), the organization is fully compliant with the regulations established by the commission and fully approved to offer its products to customers in various locations.

IQ Option demo account

However, the IQ Option demo account stands out. This is because there is no limit to how long you can use the demo account. This allows you to feel really comfortable with your trading techniques.

The IQ Option demo account includes virtual funds worth $ 10,000. If you use all these virtual funds, you can easily top up the amount which will allow you to continue practicing your trading techniques.

Another standout feature of the demo account is the fact that you don't need to provide personal information before using it. This is not always the case with competitors. The lack of personal information required for a demo account helps potential customers to protect their privacy.

What does it offer

1. Level of Intelligence Option is the exact trading stage that gives its clients a lot of choice, and having started as a dual alternative agent, IQ Option now allows clients to trade for Difference (CFDs) on Stocks, Cryptocurrencies, Exchange Traded Funds (ETFs), Forex trading and a variety of advanced options.

2. CFD for Stocks - IQ Option allows clients to exchange CFDs on stocks of over 176 different organizations, including top NASDAQ and NYSE listed organizations.

3. Cryptographic forms of money - Users can also exchange 12 of the most popular digital currencies including Bitcoin, Ethereum, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA and Dash.

4. ETFs - EFT exchanges are generally a new item, and ETFs operate on the basis of products, records and resource containers. They can be traded in a similar way to basic stocks, and traders can view around 4,288 different ETFs.

5.Forex - Currency Exchange, or Forex, is an extremely well-known currency exchange sector and IQ Option gives you access to around 188 cash exchange sets. This allows customers to easily exchange the most unfamiliar forms of money.

6. Alternatives - Users may assume that the cost of various resources includes monetary standards, inventories, records, and items. The current stage moves to over 10 million alternatives.

Customer service

IQ Option offers various forms of customer support including email, telephone and online chat. There are currently around 90 customer service representatives available to assist you.

For your convenience, IQ Option provides toll-free telephone numbers in the following countries: UK, Brazil, South Africa, India, Singapore, Thairland, Colombia, Australia, Mexico, Portugal, Spain, Argentina and Chile.

In the case of online chat support, the average waiting time is an impressive 38 seconds. 

Is IQ Option a scam?

Absolutely not! As of 2020, this broker has over 41 million registered users from over 213 countries around the world. The number of active traders is growing every year and there is no indication that it will change. 

Educational and training resources

IQ Option also makes a wealth of data available to all its users and the site contains training resources that can benefit both newer and more experienced traders. They include various trading videos as well as webinars and tutorials. Users also have access to many e-books and a FAQ section that covers frequently asked questions. These training materials provide valuable information for traders with different skills and experience.

Is IQ Option safe?

 No wonder the broker has full SSL encryption. Consequently, all communication sent by traders to the broker's servers is encrypted in a manner compliant with AES 256 bit encryption standards. This encryption restricts hackers' ability to access information, allowing IQ Option to further protect both funds and customer information.

Conclusion

IQ Option is a growing company that has grown to around 15 million consumers with an average of 3 million transactions. The company also enjoys an average annual replacement of $ 11 billion and charges over $ 5.7 million a month from its consumers. The software will have some drawbacks, so consumers requiring intensive communication with a customer service representative will not be rewarded for two account tiers. To stay in constant contact with the broker managing the custom account, a fee of $ 3,000 is required which may be too strict for others. The platform is also proving popular with traders around the world and although IQ Option devotes time and resources to improving customer service, there is a risk that users will have to wait more than 24 minutes for their inquiries to be processed.