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IQ Option are a leading online broker offering binary options, CFDs, cryptocurrency and forex trading. Our detailed review includes a full run down of the trading platform, review of the mobile app, plus info on how to use the demo account effectively and tips on strategy and options. Join millions of other traders and login today.
To provide clients with access to financial markets and online trading, IQ option developed their own bespoke trading platform and range of instruments. The interface and features of the platform are not what most binary traders are used too, as it is modelled on the more advanced systems used by the spot forex trading industry.
The IQ Option software includes tools such as stop losses, and take profit levels – features not available at ‘standard’ binary operators.
To add trader risk management and trading strategy choices, the firm also created a ‘Position top-up’ feature. This is a mechanism which allows trades to be kept open beyond the stop loss.
The strike price and trading buttons are clear and intuitive, as are the price graphs and charts. Navigation is simple, traders can easily switch between assets and markets. On top of that, the whole layout is configurable and customisable – so traders can move multiple graphs or analysis tools where they like in order to suit their trading strategy.
The customisable elements do make this one of the best trading platforms in the industry.
The platform is available as a web-based hub, or alternatively, traders can download a version for either PC or Mac. The download is fractionally quicker. There is also the mobile platform. All the platforms are reliable, but the PC download has the quickest trade execution times.
At present, there is no Metatrader 4 (mt4) integration.
It is clear then, that the software is one of the most sophisticated trading platforms around in the binary industry, particularly the over the counter (OTC) brokers.
The website is available 24/7 so there are no ‘opening times’. Assets will only be available to trade when the relevant market is open, however. So many forex pairs are traded around the clock during the week, but US stocks can only be traded when the NYSE is trading.
Apart from having a refreshing user interface, the trading platform allows traders to change the view of their chart from a choice of four different layouts:
The timescale for the bar and candlestick charts can be chosen from an impressive 18 different intervals – and multiple graphs can be used, in order to confirm trends over more than one time frame.
In addition, there are also various other tools such as a line drawing tool which traders can use to plot their own trends on the live charts. The latest updates also added a wealth of technical analysis features too. Multiple indicators such as Bollinger bands, moving averages or relative strength index (RSI) can be laid over the chart. Nearly 20 different indicators are available.
The charting enables active traders to use price action patterns to spot opportunities across different time frames, making correct prediction more likely.
Perhaps one of the most useful features about the trading platform is the ability for traders to make multiple trades on the same graph. This is especially useful when you want to employ more sophisticated trading strategies or trade signals. Turbo and Martingale strategies are easier to implement when you can monitor open positions on the same chart.
Trade size ranges from just $1, up to a maximum investment of $10,000 on the classic options.
Forex And Crypto Products
The newer products such as forex and cryptocurrency trading display slightly different options based on the market being traded. For example, the forex trades will bring up leverage and stop loss features. Assets such as Bitcoin or Ethereum, traded via contracts for difference, do not have an expiry time. They do however, have a stop loss and take profit feature. The new forex offering also makes weekend trading possible.
The look and feel remains the same throughout the trading range however, and all the relevant information is available to the trader. So a trader used to binaries can still feel at home if they want to trade forex.
The IQ Option mobile trading app follows the development of the bespoke trading platform, and delivers a seamless mobile user experience. The trading area looks the sam, and the screen, buttons and ‘look and feel’ match those of the full website, or desktop download.
The mobile application has been delivered as a tailored product for each operating system, so the IQ Option Android app, has been developed solely for android devices. Likewise, the iOS app has been written with the iPhone or iPad in mind, and ensures it gets the most out of those devices. It is the sort of attention to detail that IQ are becoming known for.
Apple’s recent changes regarding binary related applications have been swiftly dealt with by IQ Option. They have redeveloped the iOS version to adhere to the new rules. Their ability to adapt to the changing investing landscape is reassuring. The new version includes forex and CFD trading – and cryptocurrency trades will also be available once released.
There is also an ‘IQ Option for Windows’ version, as well as the android and iOS versions. The download buttons below will take you straight to Google Play or the App Store, and the most up to date version of the mobile trading app:
Download the IQ Option App
Below is an IQ Option demo video. It is a full demonstration of all the developments added during the recent ‘platform 4.0’ upgrade. The demo includes how users can amend the trading area to suit their own needs. It shows how to check the same price chart over more than one timeframe, how to add technical analysis overlays and how all this can improve trading results.
While the video is not an out and out tutorial, it does deliver a full demo of the user experience, the new trading platform, and how it differs from other binary options broker platforms.
Trading Options (CFD, Forex and Binary)
IQ Option has consistently added to the portfolio of underlying assets. Traders are able to trade in the 4 major asset classes such as forex, commodities, equities and indices. They also respond to user demand, for example, the Cryptocurrency range is now huge.
Currency pairs are a particular strength at IQ, with some of the more exotic currencies available, including NOK, SEK and TRY. The asset list is comprehensive, so traders can deploy their winning tricks across a range of markets. Dollar, Euro, Yen and Pound sterling still dominate the majority of forex trades and produce the bulk of trading volume. EUR/USD remains the most popular pair for trading.
The firm have also added to their range of expiry times. Previously specialising in short term expiries, IQ now offer many more options – including the popular End of day expiry, and longer term End of week and End of Month. Trader choice has never been greater.
Forex and CFD trades expand the user choice even further. Foreign exchange can be traded per pip (in addition to binary trades) and CFDs can be traded with no expiry for longer term trades. The recent cryptocurrency expansion offers access to bitcoin and 6 other cryptocurrencies, via contracts for difference – meaning no expiry.
Forex multipliers are a feature that IQ Option added to provide a level of leverage. The maximum multiplier now reaches an exciting x1000 – but remember this impacts both profit and loss. So you can magnify your trade size by x1000 to take advantage of even small moves in the currency markets.
IQ Option have added FX Options to their list of products. A cross between binary options (limited expiry, limited risk) and traditional forex (profit depends on the underlying price movement), FX Options will offer EU traders an alternative to binaries. With ESMA banning binaries in the EU, IQ Option want to create a product that is similar, but does not fall foul of the ban.
The options allow traders to select their own strike price, and trade higher or lower from there. Payout %’s vary based on the price movement required for the trade to finish ‘in the money’.
As these are more like traditional options, they can be closed at any time using the ‘Sell’ price and the volatility and time left will impact the value of the trade as the expiry nears.
As a newly released product, IQ only provide hourly expiries at present. The choice is likely to expand however, if the product is successful
The screenshot above shows the possible strike levels on the right, alongside the trading buttons. The red / green bar illustrates the potential payouts and these will vary and change based on the strike price, time to expiry and the current market value.
In addition to traders having the ability to trade crypto assets using CFDs, Forex or Classic options, IQ Option also introduced a new vehicle – Cryptocurrency multiples. These trades are effectively a leveraged trade. The underlying price remains the key element, but with a multiplier, the trade is magnified. This increases the potential profit, or loss, made on any deal.
Initially, IQ only offered Bitcoin x 100. As the name suggests, it was a multiplier of 100 applied to the Bitcoin price. Increased volatility, for an already volatile asset – ideal for traders.
The product was so successful that IQ have expanded the offering. So multiples are now available on more cryptocurrencies, e.g. Ethereum (ETH), IOTA, TRON and Ripple. The multipliers range from x20 to x50 and x100 on Bitcoin. It offers another high risk / reward route for traders to profit on crypto assets.
Trading Costs (Spreads, Commission)
When comparing brokers, you need a broker that is transparent with their fees and costs. To judge what trading at IQ will cost, you need to consider:
- Spreads – The price gap between buy and sell values. This varies based on things like volatility, asset, liquidity and even hours.
- Withdrawal Fees – There are no withdrawal fees on most payment service providers. Bank transfers do have a charge of $31 (or currency equivalent).
- Commission – On cryptocurrency trades, commission of 2.9% is be levied. Other markets do not have commission at all.
- Swap Fees – Fees are charged for certain trades held overnight. They vary from 0.1% to 0.5% and are higher when left open over the weekend.
- Dormant Account Fees – Where an account is inactive for 90 days, a charge of €10 (or currency equivalent) will be made each month until the balance is zero.
Deposit & Withdrawals
Deposits can be made using a range of options – these will vary based on the user country, but popular methods include debit and credit card, e-wallets such as Skrill and Neteller and even crypto currencies via the Hodly service. Bank transfers via debit card remain the most popular option for European based traders.
IQ Option also recently introduced AstroPay to facilitate payments from regions that may have had fewer options in the past, such as Brazil, Argentina or Vietnam. In addition, IQ now also accept bank transfers from a wide range of Asian banks:
- Thailand – Bangkok Bank, Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank, Bank of Ayudhya, Government Savings Bank, TMB Bank.
- Philippines – Help2Pay
- Indonesia – Central Asia, Rakyat Indonesia, CIMB Niaga, Negara Indonesia, Mandiri.
- Vietnam – Vietcombank, Bank for Investment and Development, Techcombank, Vietin Bank, Asia Commercial Bank, Sacombank, Donga Bank, Eximbank.
- Malaysia – Supported banks include: Maybank,RHB Bank, Public Bank, Hong Leong Bank, CIMB Bank, AmBank
South Africa is also supported via range of new payment methods including Perfect Money. In fact, Perfect Money caters for a huge range of regions, including South America (Argentina, Brazil and Colombia)
China Union Pay provides a payment solution for traders in China, Taiwan, Hong Kong or Macao
Deposit errors are rare, and the support desk can usually help if users encounter issues. It is safe to deposit with IQ Option.
Withdrawals can be made using the same list of methods. Verification is often required before a withdrawal method can be used, and withdrawal proof remains in the user area for the lifetime of the account for auditing etc.
The standard trading account requires just the minimum initial deposit of $10. The basic account includes all the option types, withdraw options and functionality as the higher level accounts.
The firm offer a VIP Account. In order to get a the VIP account type, a trader needs to deposit $3000 or more in one deposit. Benefits to VIP status include:
- Higher Payouts (For example, +3% on FTSE or Google trades)
- Entry to larger tournaments, with prizes up to $100,000
- Educational materials exclusive to VIP account holders.
In term of returns on investments, the standard payouts offer very competitive rates. Under the right circumstances, traders can earn up to 91% payout in the case of a successful trade. These payouts will vary based on the asset and expiry time selected. The ‘headline’ payout of 91% is among the best offered in the industry. Note the term ‘profit percentages’, does not imply guaranteed profits, simply the profit made for a single trade when it is successful.
Forex And CFD
Payouts on products such as Forex and CFD trades will depend on the performance of the underlying asset. IQ provide the sort of risk management tools you might expect when trading these tools. They include stop losses and user defined leverage (which can be set to zero). The new products move IQ Option into the leagues of major global brokers, and their offering is certainly up to that level. They even offer direct access to bitcoin and ethereum trades – which many larger brokers do not.
The spreads on foreign exchange and CFD trading are competitive too. So the costs or fees of doing business with IQ are low, and certainly on par with the larger, established online brokerages. The free practise account is a good way to experiment with other asset types, risk free.
IQ previously offered monthly promo codes for new customers as a welcome offer. These were paid as a deposit match, and the level would ‘scale’ based on the size of the initial deposit. These types of offer have been withdrawn following regulatory changes however. As a responsible regulated broker, IQ no longer offer this type of incentive. Reviews still referring to bonuses are likely to be out of date.
Is IQ Option A Scam?
IQ Option is licensed and regulated by CySEC, but they have also sought to register with other regulatory bodies (full details can be found on their website). They are a ‘legit’, reliable business. Their affiliate network all market responsibly and ensure the nature of trading is reflected accurately. They are licensed by the FCA in the UK as the regulatory landscape recently changed there.
Trading with IQ Option is legal around the world, from India to Ghana, Vietnam to the UK.
Established in mid 2020, the brand is – in our opinion here at BinaryOptions.net – one of the most reliable and innovative binary brokers in the industry. Their reputation is also enhanced by various awards that they have won from a range industry reviewers. They list their full array of awards on their website – The list of awards quoted on their website are reputable comparison sites and confirm their credibility. IQ Option is safe and not a scam.
Our user satisfaction feedback is positive for IQ – Users have few complaints and use the IQ option platform for many months and years. The forum response is also positive.
Problems of site connection (site “not working” or “not loading”) is often a local issue for the user rather than a genuine issue with the platform. Likewise ‘server down’ or similar errors are normally the client end rather than a genuine problem at IQ Option
The firm operates in a very transparent way, in order to maintain their reputation and user confidence, for example:
- Free Practise / Demo Account – This runs in parallel to the real money account and is not time restricted. IQ Option are happy for traders to hone their skills for as long as it takes, and have faith in their trading platform to maintain trader retention. A demo download is available, but traders can also simply use the full, mobile friendly, website. The demo balance can be reset by contacting the support teams.
- Offers – Deposit match bonuses have been dropped entirely due to CySec and ESMA rules. The regulator deemed this type of bonus as being high risk, and as a regulated brand, IQ have stopped offering them.
- Hedging – IQ are clear on how and when they will hedge their own positions. This should act to reassure traders who fear ‘over the counter’ brokers only want to see traders lose. IQ actively manage their risk.
- Support – Support is offered in a range of languages and includes live chat for quick resolution of any complaints. Users needing to Unblock, Delete or Close an account need to contact telephone support.
- News – Event Calendars and brand news is fed through to the user area.
As indicated on their website, IQ Option Europe Ltd is operated by Infofield Premier Ltd (Registration No: HE324593) and Investlab Holdings Ltd (Registration No: HE327751). Since Investlab Holdings Ltd is regulated by CYSEC (License Number: 247/14), this means traders trading on the platform are also protected under the provisions of the MiFID.
Open Trade Network
IQ Option started the roll out of their blockchain based cryptocurrency exchange. Called the Open Trade Network (OTN), it is built on the Ethereum blockchain platform.
It delivers a stand alone cryptocurrency wallet and exchange. Designed to meet the needs of a growing market, and regulators who will want to oversee the operation. The system is due to be live in early 2020.
IQ Option is not raising money for this project through an ICO, and this presents an opportunity for traders. Instead OTN coins will be awarded to traders, wallet users and token holders as an incentive to use the platform and provide liquidity.
IQ Option will recoup their investment through a portion of coins held for that purpose. The total number of coins to be issued is 100 million with 42 million going to the traders and wallet users over the next 2 years. Once the platform is live OTN tokens will be tradable and sellable on the open market.
This is a significant development. This blockchain innovation reflects the major disruptive influence IQ are trying to generate in the finance sector as a whole.
IQ offer the best demo account terms in the industry. It is a No deposit demo account. The balance can be restored to $1000 as often as required, and the practice account is useable long term, there are no time restrictions.
The demo, or virtual, account can also run alongside a real money account – not “instead of”. This allows real money traders to change into the demo account, and trial a new strategy or strategies without risking real money. It is the most flexible demo account available and is entirely risk free. This offering, coupled with the low minimum deposit, is why this broker have grown so quickly. It is also why the brand attracts beginners and novices. It demonstrates a real confidence that they have the best trading platform, and know that once traders have used it – they will stay with them.
IQ offer trading in a range of countries, and also support across multiple languages. In 2020, the firm operated in 18 countries – in 2020 it was up to 178. There are however, some countries where trading is not possible with IQ due to regulations or local laws. So traders from Canada, USA and Australia are not permitted to open accounts at present.
Having started operating mainly in Europe, the UK (United Kingdom) is one of the largest trader ‘bases’ for the brand, followed by other European trading hubs, such as Germany and Sweden.
The firm are also growing very quickly in Asia, with binary becoming legal in India. They have recently added multiple regions to their list, including:
Other areas of growth include Africa, where Ghana and Nigeria are seeing large numbers of new traders. This growth is aided partially by a ‘softer’ regulatory regime. With responsible brands such as IQ Option, this actually works well. Similar reasons have led to marketing pushes in UAE, Brunei and even Japan.
Traders in these regions are now able to register at IQOption. The login process is very quick, and the demo account sign up requires only an email address. Beyond the login screen, traders will need to make a deposit before trading for real money. The minimum deposit however, is just $10 – among the lowest in the industry. The minimum trade is equally low, at just $1 per trade.
There are regular trader tournaments across the trading platform – each carries their own set of terms and conditions. These are generally a competition based on trading success with a leaderboard. They are a method by the broker to encourage trading, so the tournaments are usually decided via the amount of total profit over a given period.
They offer a great way for traders to compete against each other, and create a lot of interest. The terms will often vary – so one tournament might focus on short term options, while the next might look at a specific asset class, like forex.
Often there are substantial prizes for the winners of these competitions. These range from cash rewards, to more unique prizes, such as the recent Aston Martin race day experience. These gave winning traders the chance to enjoy a race day in one of the sponsored Aston Martin Racing cars. These tournaments really increase the customer friendly feel promoted by the firm, and they are worth looking into.
Specific strategies for use at IQ Option are difficult to detail due to the vast options available. From rainbow strategy to technical analysis a trader’s choice is endless. A winning strategy for eur/usd may not work for trading oil, and learning lessons from a 60 second strategy may not improve results for 5 minute or longer trades.
The demo account is a great place to experiment and find winning strategies however. Every trader will need to find their own system, and the unlimited demo at IQ gives traders a better ‘sandpit’ than vs Plus500 for example.
Binary vs Forex
The binary vs forex debate is another complex argument when looking at strategy – it will always come back to the trader, their risk appetite and their favoured length of trade. Our strategy section may contain useful ideas, as will the forum. Our blog entries often contain trading tips, but how they are implemented or acted on is of course up to the trader.
Strategy elements like money management are really a question for each trader, as only you can know your risk appetite.
The last point on strategy is that there is no such thing as a ‘no loss’ system. Some trades will win, some will lose, but a winning strategy is profitable in the long term. Anyone offering 100% accuracy (or anywhere near) is very likely to be dishonest. Discussions on Reddit or Youtube are extremely unlikely to be legitimate traders giving away winning systems for free!
Signals And Automated Trades
At present, IQ do not deliver signals to traders. There are sentiment indicators which give a feel for market sentiment, but no automated signals.
Expert advisors are often a feature promoted at other brands, but ultimately an employee of the broker acting on behalf of the trader is unlikely to be impartial. IQ do not offer an expert advisor service on a standard account.
The firm prefer to enable and educate their traders to make their own trading decisions.
What is the minimum deposit for opening a trading account?
The minimum deposit at IQ Option is $10,€10 or £10.
Is the IQOption platform reliable?
Yes. The website, desktop download and mobile app all boast reliability. IQ do however, recommend the desktop software for the quickest execution times.
What trading platform do IQOption use?
IQOption use a proprietary trading platform. The platform is constantly developed and improved, both to add new features, but also new markets. The charting facility on the platform is very advanced.
Do IQ Option offer leverage?
Yes. While the maximum leverage offered by IQ Option is 1:500 for non-regulated members, EEA traders will see leverage capped at 1:30. It is possible to open a professional account to have those restrictions lifted.
IQ Option also offer ‘Multiples’ on certain assets – mainly cryptocurrencies. These act much like additional leverage, in as much as a move in the underlying price is multiplied by as much as x50. See the IQ Option website for details.
How fast are withdrawal requests processed?
Withdrawal requests at IQ normally take one business day. There will then be 2 or 3 business days before the funds hit the account, depending on the withdrawal method requested.
Are IQ Option Regulated?
Yes. IQ Option are regulated by CySec
Is IQ Option Safe?
Yes. They are a legitimate, regulated broker.
Do IQ Option accept Paypal?
No. At present the best e-wallet options are Skrill and Neteller. Perfect Money has also recently been added, as has China Union Pay for traders in Hong Kong or Macao.
• High Returns of up to 91% payout in case of successful trade
• Low Minimum Initial Deposit Requirement – open account with $10
• Regulated Broker with CySec
• Cutting edge Trading Platform
• Direct access to Crypto markets such as bitcoin
• Secure account verification
• Quick withdrawals
• Smaller range of markets than some rivals on forex and cfd
• Self build robot / auto trading feature removed.
• No MT4 integration
Some critical users of IQ point to the site not loading, not working or being offline. These issues are generally at the end of the user rather than the platform. The website boasts impressive uptime statistics and they have a strong motivation to ensure their platform is open for business! It is rare for the site to be unavailable or inactive and we have never encountered such issues when connected via a reliable connection.
The IQ Option registration process just requires an email and only takes a few moments. Once verified, you then have access to the demo account, and the real money markets. In order to trade on the real account, a deposit will need to be made. The deposit process is simple, much like the register process. The minimum is currently $10, and the smallest trade is $1 per option.
IQ Option offer a variety of contact methods:
- Email – [email protected]
- Telephone Support – Offered in 18 countries including Australia, India, Thailand, Brazil, Germany and Spain (Helpline details on the site)
- Group Details: Registration No. HE327751
Address: Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33,
4102, Agios Athanasios, Limassol, Cyprus
Customer support can be accessed via telephone, e-mail or live chat. Customers are supported in over 20+ languages.
Go to IQ Option
General risk warning: your capital is at risk
IQ Option Review – Is it SCAM or LEGIT broker?
IQ Option Ltd
- Free demo account
- Simple to use, yet very customizable
- Many available assets
- Intuitive user interface
IQ Option Ltd, also known as iqoption, is one of the established binary options brokers in the industry. As traders, we’d like to give you our honest review of the services they offer.
IQOption will be of interest to both newer and more experienced traders who want to try out a newly-developed trading pattern or method. That’s because, apart from having a completely free binary options demo trading mode, IQOption also offers different types of graphs. These include candlestick charts and lots of useful indicators that will help you to evaluate just how effective your methods are. You don’t see that often with other brokers.
The success of its model is evidenced by the fact that IQ Option is the fastest-growing broker in the binary options field. As of February 2020, it had 30 million active traders. It is also the winner of several awards, and Google Play rankings show that its mobile app has been rated as the best binary options trading app across 26 countries.
Apart from offering you a trading platform, IQ Option sends out training emails that are aimed at helping you to succeed with binary options trading. If you’re new to binary options trading, you’ll find out about hedging, rollover, and so on. The emails are interesting, but if you already know what you’re doing, you might find some of them a bit spammy.
IQ Option binary options demo
IQ Option’s trading platform
IQOption is well-known for its demo account option. It just takes a few seconds to open one. Simply click on the green Visit broker button above and then select “Log in With Facebook.”
The trading account will be set up immediately, and you are ready to try your hand at trading. You can also create a new account just with your email account, so you don’t need a facebook account, of course.
IQ Option platform
IQ Option has its own custom-made platform, which you’ll find to be very user-friendly. Unlike most other brokers, IQ Option has developed its interface. Nowadays, all brokers do that – but back in the day when binary options started, nobody was doing it.
The differences may be subtle, but we see them as a successful effort to make binary options trading simpler for both the man in the street and the seasoned trader.
IQ Option has a swift platform with nicely customizable charts.
The screenshot above gives you a look at the IQ Options platform. Using the mouse scroll wheel zooms the graph in and out for an overview or a more detailed analysis. You can also move the graph by dragging the mouse. The buttons on the bottom left are used for adding indicators, trend lines and similar features that have, so far, only been possible in Meta Trader. Personally, I have never seen a binary options platform that is quite as customizable.
- A: Trader’s insight
- B: Expiration time choices
- C: Selecting the trade size (trades from only 1 USD!)
- D: Open a PUT option or a CALL option
Watch our quick IQ Option video platform review
IQ Option Demo Account
Like many other brokers, IQ Option also offers a demo account, which is an undoubtable advantage for anyone who just wants to try trading with broker.
But what makes this demo account so special and what makes is stand up among its competition is the fact that it is completely free and unlimited. Opening a demo account is not conditioned by filling in any personal information (KYC verification) and is not limited in time. The demo account will automatically receive $ 10,000 in virtual money, with which you can try trading all available instruments.
When you run out of this virtual money, all you have to do is click a button to apply for new funds and within seconds, your practice account is filled.
IQ Options has received various prestigious awards from investment magazines featuring binary options trading and traders. Awards such as Best Binary Options Broker Trading Application, Most Innovative Binary Options Broker, Most Reliable Binary Options Broker, and more just seem to be streaming in.
And although short-term investment options such as binary options trading are not usually popular with traditionalists, one of the most influential Stock Markets in the world, the Nasdaq, has singled out IQ Option as a resource worth linking to. You can find out more here: Interview with the IQ Option’s founder.
IQ Option Mobile App
Ever since its launch in 2020, IQ Option has undoubtedly been one of the most innovative binary options brokers. With every new technology launched, IQ Option pushes binary options trading to the next level. And IQ Option’s mobile apps are not an exception. If you have never tried a binary options trading app before, skip the rest and start here. If you have, you’ll find the IQ Options Mobile app to be superior. Here’s why:
- It is the best mobile application for binary options trading you can find on the market. In fact, it’s an award-winner.
- Its platform features an extremely user-friendly interface and great graphics.
- The IQ Option mobile platform is extremely fast, and it is not surprising that most traders use the mobile platform more that the desktop one.
- The application is very well secured, so your money and personal data are safe, and you can set up the app so that it only logs in with your fingerprint.
- It also offers notifications, so you will never miss another tournament, or any other IQ Option event.
- The IQ Option app is easy to find and download regardless of your preferred device’s operating system. It is available on iTunesandGoogle Playstore.
- The app supports exactly the same functions as the desktop app (charts settings, trend lines, etc.)
- You can log in via Facebook or Google accounts.
- You can deposit your money directly when using the app. It takes just a few taps.
- If you would like to find out more about IQ Option’s mobile app just click the link to read our review.
IQ Option’s VIP account
In IQ option, all smaller traders have the so-called standard account. This means that they are active traders, but all their deposits combined don’t give a total of $3,000. However, if one’s deposits, in single or multiple payments, exceed $3,000, they’ll be assigned a VIP account. What does that mean?
What is a VIP account?
Having a VIP account brings many advantages. Some of the benefits are:
- High-yield assets that can allow you to reach up to 91% profit for each correct prediction.
- Access to the Educational Section prepared by experts from IQ Option. This feature includes such things as lessons on money management, using indicators, a list of mistakes that inexperienced traders make, and so on.
IQ Option trading patterns
IQ Option trading patterns
Broker IQOption offers various tools and functions in its trading platform. Among these, one of our preferred features is the ability to examine IQOption trading patterns. You can view trading patterns on the IQ Option web page, and the format was pioneered by this broker.
Everybody knows that for successful trading you need an understanding of trading patterns. Whether we like it or not, the lack of this information will impact negatively on our trading results. The developers of the IQOption trading platform know this, and that is why they have added this section to their website.
All the patterns which you can find on IQ Option pages have their own video tutorial. You can learn how to use the binary option trading patterns, and you can save a lot of time and trial-and-error attempts by using the information provided. All the video tutorials that IQ Broker offers can be found on the right-hand side of your trading platform.
Perhaps it will be a bit of a stretch grasping the finer details, but I think that a smart newbie or an advanced trader should be able to grasp them quickly. The video tutorials, will demonstrate some basic trading patterns for trading binary options. The techniques demonstrated include the use of the trend line trading pattern, Bollinger bands pattern, and more.
For more info and video tutorials demonstrating these unique trading patterns, view IQ Option’s successful Binary Options Trading Patterns
The IQOption experience
IQOption’s advanced platform, definitely the fastest, most advanced and reliable platform on the market, turns the business of binary options trading into a game. It beautifully highlights all winning trades, sends you notifications even when you’re not directly on the broker’s page, and even gives you sound alerts, and customizable graphs similar to those offered by Meta Trader 4.
The $10 minimum investment and the $1 minimum trade also make a difference. Sometimes, when I’m bored, I log in to the iqoption platform just to do a couple of 1-dollar trades. Why would I do that? Because with the IQ Option platform, it’s fun.
Yet, all this wonderful trading could be bad if you take it too far. Don’t forget that despite the gamified aspect, trading is a real business and although you might earn big money, you can also lose it. Budget carefully, and exercise self-control. Good luck
Would You Like to Try IQ Option? Try it With a Risk-Free Practice Account
Conclusion of this review
IQ Option according to us and many (over 30 000 000 to be exact) traders the best broker offering binary options trading. Besides binary options, they also let us trade stocks, indicies and cryptocurrencies. Everything is very smooth, quick and intuitive thanks to their custom-made application, available for Mac, Windows, Android and iOS.
If you don’t feel like investing real money yet, don’t worry. You can use the so called “demo account” to try the platform for yourself before investing. You will see that you’ll love it from the beginning.
Have you decided to invest your real money and try to make more of it? You can use many of their supported deposit and withdrawal methods, including credit and debit cards, wire transfer, e-wallets, such as Skrill or PerfectMoney. The methods also include smaller payment providers, such as Przelewy24 or AstroPay.
From time to time, people ask us, whether investing with IQ Option is legal. Yes, it is perfectly legal in the most of the world! There’s only a handful of countries, that don’t allow people to trade binary options with brokers based outside the country itself. One of the countries is USA – they only let their citizens trade with 2 brokers, that are based in and regulated in the USA. However, as far as we know, IQ Option is doing their best to get into that market.
How does IQ Option work? Try it!
More information on IQ Option
- Maximize the use of indicators in day trading
- IQ Option demo and real trading accounts: Know the differences
- Binary options trading in Mexico – Is it legal? Where to trade?
- IQ Option – How to deposit and withdraw with WebMoney
- Market analysis with IQ Option – How to do it?
- Understanding IQ Option broker – Get to know this broker
- Discover the differences between Put options and Call options
- To trade with and without expiration – What should you know
- How to reload your demo account with IQ Option?
- How to open deals with IQ Option when the market is closed?
- IQ Option review in Portugese
IQ Option Ltd Pros
- Free demo account
- Simple to use, yet very customizable
- Many available assets
- Big payouts
- Intuitive user interface
IQ Option Ltd Cons
- Platform might not be suitable for slow/old computers
IQ Option Ltd – Review author
More about the author Step
I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author
IQ Option Ltd Details
|✅ Broker||IQ Option Ltd|
|✅ Website URL||www.iqoption.com|
|✅ Support Types||Email support, Online live chat, Tickets|
|✅ Languages||English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Indonesian|
|✅ Trading Platform||Custom made IQ Option platform|
|✅ Minimum 1st Deposit||$ 10|
|✅ Minimum Trade Amount||$ 1|
|✅ Maximum Trade Amount||$ 5 000|
|✅ Bonus||FREE DEMO ACCOUNT|
|✅ Payout||Up to 100 % !*|
|✅ Leverage||Up to 1:300|
|✅ Free Demo Account|
|✅ Account Types||Standard, VIP|
|✅ Deposit Methods||Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, CashU, iDeal, Fasapay|
|✅ Withdrawal Methods||Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, CashU, iDeal, Fasapay|
|✅ Expiry Times||30s, 60s, 120s, 180s, 240s, 5 min, 10 min, 15 min, 30 min, 60 min, End of Day, End of Week|
|✅ Types of Assets||500+ assets, however only 15 in demo mode|
|✅ Option Types||Turbo, HighLow and Classical options|
|✅ Account Currency||EUR, USD, GBP, TYL, BRL, MYR, IDR, VND, CNY|
|✅ US Traders Allowed|
|✅ Mobile Trading|
|✅ Tablet Trading|
|✅ Overall Score||5.0 / 5|
204 Responses to “IQ Option Review – Is it SCAM or LEGIT broker?”
i am unable to view Skrill withdraw option in my android app.
do i need to be a VIP customer to get skrill as withdraw option?
Dear Bhargav – where are you from? I am not sure if IQ Option allows Skrill in all countries. Please, ask them at support!
It is not just a technical problem, Did You ever wonder why they manage their own review (website). They get to much bad reviews on other websites.
I advice to take screenshots and pictures from everything.
after i withdraw my deposit amount can i still withdraw to the same method?
Saiken, if you deposit with a credit/debit card, then you can not. IQ Option can simply allow you to withdraw only the deposit amount back to your card. However you can withdraw any further amounts via wire transfer or ewallets.
Guys! We have updated the IQ OPTION REVIEW – check it out above!
Hello, thank you for sharing this story with us.
We hope that it’s just some technical problem on their side and you will get your money back.
Have a nice day.
I am from the Philippines,where can I deposit using coins.ph wallet so that I can start trading?
Hello, you can’T use coins.ph to deposit to IQ Option broker. Check the IQ Option review to see what deposit methods you can use. Have a nice day.
Janardhan, you just visit IQ Option website and click Sign-Up (Register). Fill in your email address and so on. It is best if you do have a bank account, but I don’t think it’s 100% necessary. You can always use an e-wallet like Skrill to fund your trading account and withdraw your money.
Hello, it’s one of the best brokers I ever trade, but that doesn’t mean that some people have a bad experience. I think it’s a good broker, but somebody has a different opinion.
Can I trade successfully by watching some good youtube binary option trading videos and reading blogs? if I spend one hour on learning when can I trade on the real account? How long does it take? Are 2 months enough? I am taking practice on demo account also.
Definitely yes! It’s very important to have good education material from which you can learn. I think that the videos are ideal way how to understand the market and get some new knowledge. And of course – our website is also, good. Haha
I can’t really say how long does it take to “be ready for trading”. When you feel you are ready – go and start.
Hello, welcome in the trading world Have you already verified your IQ Option account or you need more help? I think if you check iqoption review – https://xbinop.com/review/iq-option/ you will find there a lot of information about the verification process.
In case you still need help, let us know and we will help you. Have a nice day.
Wow, what a good article. Bookmarked for 2nd time reading.
Also, must to share it on the Facebook!
Hello, thank you so much for your feedback, we really appreciate that! Thank you.
Hello, can you tell us more about the company you are talking about, thank you. We have heard about many “good companies” but later they all seems like a big scam, so we don’t want to endanger our readers here. Thanks for understanding.
Hello, I have a bad news for you. Broker IQ Option is not operating in the USA. I’m sorry about that. Have a nice day.
Hello, thank you for your opinion. I was trading with IQ Option a couple years and I have never had any problem with them. So you think that the IQOPtion broker is “changing” the price for their advantage? Let us know more about what happened to you with this broker. Thank you.
Hello, I recommend you to start with basics – fundamental analysis and technical analysis, these are the things you need to understand 100% late then you can try some strategies. But if you are a newbie, it’s better to start with education and research. After you will be ready for trading you can check some of our strategies here and choose any of them – https://xbinop.com/binary-options-strategy/
If you are not sure which of them to choose, let us know, we will help you.
Hello Rene, that’s really weird. I have never head about the same case as your is. Do you still have your money in the IQOption platform or you were able to withdraw them?
I really want to help you, so can you please respond me and give us more info, thank you so much.
We will do everything to help you!
Hello, that’s a huge sum of money. We are really happy to hear the next positive feedback about this amazing broker. Thank you.
Hello, if you are regularly trading with IQOption you should know that, or you didn’t make withdraw yet?
You will find all the important info about withdrawing money from iqoption in the review above.
Hello, please read the iqoption review above, everything is written there.
It’s a good idea to gain as-much money as you are able to while acquiring the smallest amount of number of possibility.
Hello, that’s really weird. I’m trading with IQ Option a quite long time and I have never had any problem with withdrawing my money. Do you still got this problem or you have already received your money?
Let us know, so we can help you.
Hello Hasnain, you have got some problem with depositing and withdrawing your money? There is plenty of methods with IQ option how you can do both operations. You can check more details in iqoption review here – https://xbinop.com/review/iq-option/
Have you tried to deposit or withdraw money yet?
Let us know, so we can help you. Have a nice day.
Hey, thank you for your question. Broker used to have robots but then after sometime it was blocked by regulatory authorities. So now broker IQOption doesn’t offer robots.
IQ Option Scam? i have something to tell about this for those investor who start dreaming after went threw IQ option attractive platform, and think that they can make money easily, please forgive me if you find any grammatical mistake in my writing,
Ok lets Start with me, i am doing trading business with IQ option since 2 and half year, I will share what i experienced with IQ option platform,
IQ OPTION Application:
There is two way which you can use for trading on IQ option Platform, 1.) Online in your Browser and 2.) you can download Application which you can run on your Laptop/Desktop, or Mobile, I have no idea about the mobile Application that how its works because i never used it, Its all about the money so nobody want to take risk, so i prefer to do on my Laptop,
When i click on the link where you can download Application for PC, they written there System Requirements which is like this
Windows 7, 8, 8.1, 10
macOS – OS X 10.10 Yosemite
2 GB (4 GB recommended)
OpenGL 2.0-friendly (macOS, Ubuntu)
DirectX 9 (Windows)
So please everyone if you starting business or starting earning money so i am sure you will go threw all System Requirement, because its all about your hard earned money which you are going to invest on this for make some money and because of your computer or laptop i don’t think that you will take risk, I would like to tell you that Right now i am using HP Laptop Ram 6 GB, Hard Disk 500 GB, And i5 processor, I think, its more then enough to run this IQ option application on my laptop,
I started using IQ option Application, started with some money but loose and again put some money then again loose, i was new to this business i think i should start study about this, and then again start with real money, i went threw some video and i find that now i an start making money till this time i was in loose 6000 USD, but its ok because they mention that Its high risk or don’t invest which you can not afford to loose, but if you loose because of your wrong prediction its fine, but if you loose because of your trade take time for 2 or 3 second for place and if you didn’t take trade on right price, and just because of that you loose your trade then its wrong,
I didn’t knew about this and when i see that its happening to me many times so i went again on google and search some same topic, which i find that i happened with so many trader on IQ option, till time i have my account manager because i already invest 6000 USD there and on that time if you start with 3000 USD, you will get your personal VIP manager,
Personal Vip Manager: what manager do according to IQ option they help you if face any issue with IQ option platform or payment also they help you to know about market, but my first account manager who name is William, never help me to teach, never give market update, but they came to you if you are making profit for know that what strategy are you using,
Ok after all this candle manipulation topic i read on Google, i went to my account manager and show him some screenshot, so he say there is no issue with our Platform, so please better work on your prediction but after all this i have gift for you 100 USD he give me gift, mean he want me to keep my mouth shut, remember till this time i am in 6000 USD in loose,
and he promise that next time nothing with happen with you.
like this i again starting with IQ option and till now invested 30,000 but now i am in loss only,
and if you go to them with this issue they will give you a link for ping test which only came right in their system, i have tried with many computer but that same ping test didn’t make any computer. mean that if you go to your account manager he/she will go to technical department, and in the end answer from them is that there is only issue with your computer or Internet connection,
I don’t understand that the person who is investing approx like 30,000 USD, he can not afford a best computer for run this application, but i also don’t understand that if their system requirement if our computer have then why their application can’t run in our system or making issue.
This is all my story about IQ option Trader since 2020.
If anybody there in this world like me please like or comment for this,
I want IQ Option Founder Mr. Dmitry Zaretsky should read this.
This was my hard earned money. I was so stupid
Thank you so much for your long story.
You are right that people think that they can make money easily, but that’s the same with all brokers, not just with IQ Option. I traded many times on a mobile platform and it’s just amazing, really good, I never had any problem with it.
Now about your problem. I heard a couple of these cases (problem with entering to a position) but no one of that people was able to make some evidence about it. I’m trading with IQOPtion 3 years now and I never had a single problem with them. I’m not trading some huge sums, but I’m trading with them long. I don’t have any experience with this so I can’t help you, I’m sorry.
Maybe your story will inspire more people here and they will share their also. We will see.
Once again, thank you.
Dear Saimir, I think this depends on where you currently live, but it should be able for the majority of countries.
IQ Option Review | Is IQ Option a Scam?
Is IQ Option a SCAM or Not? 100% Honest Review Pro Trader Reveals The Truth! Read This First and Start Trading NOW! BEST Tips!
IQ Option – trading platform
Binary options are prohibited in EEA
The financial services provided by this website 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.
In this review, I go through the following facts:
YouTube Video: An introduction video for new traders.
Testimonials and Success Stories: Real users share their experiences.
Trading: How and what to trade with IQ Option.
App: How to use and get the most out of the app.
How to trade on IQ Option
- $10 Minimum deposit: This is the minimum deposit to start binary options trading. You do not have to make a big investment.
- $1 Minimum trades: Again, you do not have to be a millionaire to be able to gain money by trading stocks or currencies; you can start with small amounts and climb up the ladder at your own pace.
- Web-based interactive education system
- Over 500 assets to trade
- Totally FREE demo account: If you want to start even more carefully, you can first trade with a demo account.
Binary options are prohibited in EEA
Claim these outstanding offers and start trading with IQ Option by filling in the form below.
Important Information in a Nutshell
- Regulation: CySEC
- Legal Entities:IQ Option consists of two legal entities: IQ Option Europe Ltd. is registered at Cyprus and is regulated by CySEC, and IQ Option Ltd. which is registered at Seychelles, this entity is not regulated.
- Minimum deposit: $10
- Minimum exercise price: $1
- Maximum option price: $5,000
- Yield: Upto 92% in case of correct prediction
- Deposit/withdrawal methods: Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, iDeal, Fasapay, Sofort
- Assets: Currency pairs, stocks, indices and commodities
- Number of assets: 500+
- Countries: We accept all countries except USA, Canada, Australia, Belgium, Israel, Palestine, Japan, Russia, Turkey, Syria, Sudan, North Korea and Iran. Users from following countries can not trade from the iOS mobile application: Malta; Android application unavailable for: Malta, Myanmar, Liechtenstein, Cuba.
- Demo account: Yes, free of charge, no time limit
- Mobile application: Android, iOS
- Trading platform: Web-browser and standalone app
- Support: 24/7
- Support languages: English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Hindi
- Founded: 2020
- Withdrawal: 1 working day
IQ Option – how to use
There are currently hundreds of binary options brokers, with new ones appearing on the market almost daily. This is great for customers. As companies try to compete against each other, there is an almost endless number of choices with special features.
One thing that many brokers have been overlooking is existing customers; the goal has only been to get new customers, which has led many customers, after making their first deposit, to go to other broker sites or to stop investing in binary options completely.
But this is where IQ Option is completely different to its competitors. A perfect example of this is a $10 minimum deposit and a $1 minimum investment, which shows that they are openly welcoming those investors who want to start cautiously or who cannot afford to invest larger amounts of money.
IQ Option currently has 77 different trading assets available. These include:
- Stocks. Shares of over 50 major companies . such as Gazprom , Daimler , Barclays , Apple and Rosneft .
- Indices. Most traded indices including FTSE 100 , DAX , Nikkei-225 , CAC 40 , Dow Jones and S&P 500 .
- Commodities . Gold and silver .
- Currency pairs .
- All the most commonly traded currency pairs including EUR/USD, GBP/USD, AUD/CAD, EUR/JPY, USD/CHF and many others.
- Bitcoin: This option is only available on a few binary options broker sites.
New IQ Option platform v4.0
There are three different types of accounts available to you, including two account types that are for real money trading:
- Practice trading for free
- Does not use real money
- All 500+ trading assets available
- Start with as little as a $10 minimum deposit
- You can participate in trading competitions
- Full access to trading opportunities
- Fast withdrawals (within 3 days)
Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Get Your Sign-Up Bonus Now!
Good Choice For Experienced Traders! 2nd place in the ranking!
(You will get access to VIP if you deposit more than $3,000)
- All 500+ trading assets available
- Full access to trading opportunities
- You can participate in trading competitions
- Personal manager
I personally recommend starting with a VIP account from the beginning.
What Does This Mean To You?
You can choose from a wide variety of deposit options. The current deposit methods are Credit Card, Skrill, Neteller, Boleto, Qiwi, WebMoney, iDeal, Fasapay, Sofort: “or you can use the following methods: Skrill, bank wire transfer, WebMoney, QIWI, Yandex Money, PayPal, LiqPay, and Moneta”
The minimum investment of $1 per trade is the lowest in the industry. This makes it possible to start investing, with real money. As the minimum investment is so low, I recommend opening a real money account from the beginning.
The maximum investment of $5,000 per trade is sufficient even for “high-roller” investors who are willing to take big risks in order to obtain high yields. For example, by setting a number of $5,000 trades in a row, you can raise the stakes as high as you want.
IQ Option uses its own trading platform, a fresh change from the SpotOption platform which is used by almost all the major broker sites, including Banc de Binary, and GOptions. Unlike some competitor sites, the possibility of inadvertently setting the wrong investment is not possible. The platform has many unique features, which are specially designed to make it simple and easy to use.
In order to test the platform with a beginner, we asked our secretary if she could master the platform. Our secretary does not have any previous experience with binary options. We gave her 15 minutes to learn, after which we came back to check the situation.
When we came back, she told us that 15 minutes was more than sufficient. She was very familiar with all the main features after a couple of minutes. She also told us that she had never been interested in investing; though, after the experiment, she decided to start actively learning about investing with IQ option. In conclusion, there is no better way to start.
The trading platform includes the following unique features:
- Real-time asset price movements: You can follow price changes of desired trading assets through real-time charts.
- Technical analysis panel: You will find various analysis tools on the technical analysis panel. I will tell you more about these in the trading pattern section of this article.
- Possibility to use a variety of charts: In addition to the more commonly used tick charts, you can also use candlestick charts.
- Trader’s choice indicator: Here you can directly see which investment alternative (“put” or “call”) is more popular, as well as the percentage of investors that have chosen each alternative.
- Top trader’s stats and best deals: You can quickly and easily see how much the best investors made profit and how;
- Relevant financial news: You no longer need to look through all the news from various sites, you can see it directly through the trading platform.
The investor can have the option expire in 60 seconds, or more cautiously select an expiration time, such as 30 minutes or even 24 hours. However, they are also much risky than longer maturity options. Profits can be huge, but losses are also frequent.
IQ Option – The fastest trading tool
Binary Options Tournaments
IQ option offers binary options tournaments*. I have never seen these on any other broker site, so I tried them with great interest. At the beginning, all traders get a tournament balance of $10,000 for their use during the tournament. Winners are determined by their tournament balances at the end, participants with the highest balance win the first place prize etc.
Some tournaments have a guaranteed prize fund, which means that, if participation fees do not cover the whole prize pool, the broker will pay the rest. Some tournaments also have rebuy possibilities, meaning that, if you lose your whole tournament balance, you can rebuy yourself back into the tournament, for the same entry fee and you get a tournament balance of $10,000 again. Tournaments usually last for 30 minutes. By participating in a tournament, you can profit 100 times (sometimes even more) the entry fee.
*Tournaments are subject to Terms and Conditions
Tournament trading pattern:
The average level of the participants in these tournaments is astoundingly bad. With a good trading pattern, these truly are an good way to gain money. Instructions to follow:
- Always aim to win: The first-place finisher always gets by far the biggest prize. It is therefore not worth aiming for eighth or ninth place, even if these allow you to collect a cash prize. Even if you just have a small chance, try to get into first-place, it is usually worth the risk.
- It is fine to spend the first few minutes observing the strategies the other participants are using: Watch whether other participants are trying to grow their tournament funds aggressively right from the start or taking a more cautious approach. You can then tailor your own trading pattern accordingly. However, make sure that the leaders do not get too far ahead of you, or it may become hard for you to catch them later on.
- In the middle of the tournament, you should have a clear picture of what the other participants are doing and what kind of trading pattern you should use: Now, it is time to optimize your trading pattern according to your objectives. If you are the clear leader, do not let others get too close. If you are close to the leader, try to keep them close, so that you can strike before the tournament ends. Also, observe what kind of strategies the tournament leaders are using. If they are too cautious, this will be your chance to take the whole pot, strike more aggressively and try to get into the lead.
- If the end of the tournament is getting closer, and you are not close to the top, it is time to take some big risks: You have nothing to lose, so it will be a good moment to reach the money by taking big risks. Victory may not be close, but don’t be discouraged. As long as you have money, you have a chance.
- Analyze your trading pattern afterwards and think of ways you can win more in the future: There is always room for improvement, even if you won. Spend a few minutes analyzing your trading pattern after the tournament is over, it might be extremely beneficial next time.
Investors have free access to a large number of different technical analysis tools and resources. You can even use these directly through the trading platform. You can easily see the moving trends of trading, and through the technical analysis panel it is almost effortless to make investment decisions based on completed analysis. You do not need any previous expertise to do this.
There is an almost endless quantity of free educational materials for you to use, such as free webinars, ebooks, instructional videos and tutorials. With the help of these extensive materials, you can easily develop your skills and become a much better investor. Below are three examples of tutorial videos that are available for investors.
Trading Patterns for IQ Option Broker
Before we get to the actual strategies, you need to understand the system that they work with.
These are bars in charts depicting the price movements of an asset. They represent the opening and closing of a price range. If the price moves up it will be represented by a green candle. If the price moves down, it will be represented by a red candle.
These are lines in the chart which represent price movements and show the corridor within which the price range of the asset is likely to fluctuate. The support lines on the lower side of the chart represent the level from which prices tend to bounce upwards. The resistance level refers to the trend line at the upper side of the chart and it represents the level from which prices tend to bounce downwards. The area between the two trend lines is the trending corridor.
Candlesticks, trend lines and the trending corridor are some of the most popular and effective tools in binary options signal generation.
The Main Patterns
1. The Rebound Line Trading Pattern
The aim of this trading pattern is to catch the movement of an asset at the very moment when the price cannot break through the support of the resistance levels. In this trading pattern, when the price reaches the resistance level and the candle closes before this level, the possibility of a rebound is greater than the possibility of a growth. Here, you are better off buying a “put” option.
With the same trading pattern, if the price reaches the support line and the candle closes just above this level, you are better buying a “call” option. This trading pattern is relevant whether the trend is neutral, upward or downward.
2. The Three Black Crows Trading Pattern
This trading pattern defines the downward reversal on the uptrend. Look out for an uptrend with several ascending candles in a row. Wait for the reversal of three descending candles in a row. Closing at the third candle is a signal of an uptrend turning into a downtrend.
At the same time, when there are three descending candles in a row, and the price closes at the end of the third, this will be a signal of a downtrend turning to an uptrend. These signals are what you will use to make your trades.
3. Piercing Line Candlestick Pattern
Here you study the candlesticks carefully and look out for a trend in the price movements. What you will be on the lookout for is the precise moment where you will notice a reversal of a downtrend. Find two candles on the chart one of which closes the price in the middle of the previous one. Wait for the second ascending candle. When a third ascending candle appears it will be a signal of a trend reversal.
This will happen both ways. Look out for another set of two candles and see if one closes in the middle of the one before it. You will look at the second candle while waiting for the third descending candle. .This will be the signal of another trend reversal this time on the opposite side of the chart. You can then execute the trade in line with the signal and you can expect a winning conclusion.
4. The Rainbow Trading Pattern
This trading pattern is a little more technical than the strategies above. Here, three exponential averages with different periods are used simultaneously. On the chart, you will mark the first line with a period of 6 in blue. The second line with a period of 14 will be marked in yellow while the third line with a period of 26 will be marked with red.
For strong signals of an imminent drop in an asset’s price, the following points with the moving average will be noted.
- The blue line will be at the top
- The yellow line will be in the middle
- The red line will be at the bottom
The intersection of the blue line with the yellow line will be the signal to enter the market and buy a “put” option.
For strong signals of an imminent rise in an asset’s price, the following points will be noted.
- The red line will be at the top
- The yellow line will be in the middle
- The blue line will be at the bottom.
The intersection of the yellow line with the blue line is a strong signal to enter the market and buy a “call” option.
5. Moving Averages Trading Pattern
This is one of the most popular strategies and it is used extensively in binary options trading where IQ Option is in play. It is used to full effect, profit wise by both experienced and rookie traders. You will use the available technical analysis tools to construct the moving averages indicator.
The period indicates the number of candlesticks selected for the calculation of the moving averages. With this trading pattern employed by IQ Option’s clients, there are four types of moving averages. The difference comes with the method of calculation. The different moving averages are: simple, exponential, weightage and smooth.
Most of IQ Option’s clients are in agreement that the simple and exponential moving averages are the simplest to calculate and use to help generate signals. They are also the most accurate of the four. In most cases, the last two are used by professionals in highly specialized strategies.
The simple and the exponential moving averages are relevant with many trading strategies including following the corridor using the rebound line and the breaking line. They are also used in advanced strategies where construction of several moving averages is simultaneously carried out.
6. The Pin Bar Trading Pattern
This is another of the more technical strategies that you can use with IQ Option. It will be used to predict a downward or upward trend with the price of an asset. What are studied here are pin bar candles with tails or spots.
If a pin bar candle has a small body and a long tail, directed upward or downward, there is an imminent shift in the price of the asset depending on the prevailing market conditions. If the tail of the pin bar points upwards, the price of the asset is predicted to move downwards. You will need to predict accordingly in that instant.
When the tail of the pin bar points downwards the price of the asset is predicted to go up. This is another signal and you will trade accordingly. A good pin bar with a tail is an indication that you should enter the market. What you need to be careful about is the direction that the tail is facing as this will be indicative of the prevailing market conditions.
Not all pin bars with tails are good. A good pin bar has to satisfy the following conditions:
- The open and close levels are placed next to the end of one of the previous bars.
- This must be near the top or bottom.
- The pin bars open and close levels are placed within the left bars also known as the left eye. If all the parameters are to the right, it means that the signal is strong enough to enter the market.
7. The Breaking Line Trading Pattern
This IQ Option trading pattern aims to catch the exact moment that a candlestick breaches either the support line or the resistance line. When the candle closes above the resistance line, it is better to buy a “call” option. This is because the chances of the price of the asset rising increases dramatically.
When the candle closes below the support line, the chances of the price falling increases at a very high rate. At this point in the chart, you will buy a “put” option as it is the most favorable. This trading trading pattern is suitable for neutral, upward and downward trends.
8. Alligator Trading Pattern
This trading pattern is rather simple in its application mechanisms. Here, three smooth moving averages are monitored as they move along the chart. They will be displaying different moves and their respective time periods. What is important to note is that with this trading pattern, the moving averages must be of the smooth kind.
This implies that the simple and the exponential moving averages will not work with this trading pattern, at least not with the IQ Option system. This is because the smooth moving averages have very little impact on ripples in the market or fluctuations with very little significance.These moving average lines show the most likely price that the asset will have in the near future if the market is not under any undue influence from unexpected factors either within the asset’s market itself or in the wider global financial markets.
The smooth average lines of the candlesticks are looked at like they are alligator teeth. When the candles open upwards, it is the appropriate time for you to make a trade. This is a signal to execute a “call” option immediately.
When the candlesticks open downwards, it is a signal that the appropriate trade to execute is a “put” option.
When the indicators are twisted like a helix or intertwined in any way, it means the alligator is asleep; this is not the appropriate time to make any trades. Trading at this point may be tempting but the chances of losing your stake here is very high because the next possible move in very unpredictable.
In between the “call” and “put” trades, the indicators will twist again and you should rest your trading for a while.
9. The Bollinger Bands Trading Pattern
Here, the trading pattern is applied with the price chart carrying three lines. These lines are not equal in thickness. Rather, their width will change according to the movements in the market. When an asset’s marketplace is calm, the bands will narrow. When activity resumes, the bands will widen. The rate at which they widen will depend on the intensity of the trading.Should you notice a rapid widening of the bands, you can be sure that there has been a sudden increase in the intensity of trading for that particular asset.
The band at the center represents a smooth moving average which will be carrying something like 20 bars/candles.
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