Binary options are perhaps the easiest trading tools because the trader knows exactly how much they might make or lose in every trade ahead of time. However, they are decentralized and binary options brokers are often unscrupulous. This market has got such a bad rep recently that various financial regulators are warning against it.
Nevertheless, there are still some brokers in the sector that are truly trustworthy and worth mentioning. IQ option binary broker is a good example of a broker who has still maintained integrity in the industry. Their integrity can also be confirmed by a review of IQ option reviews online, which usually reflect positive IQ option opinions.
The brokerage is operated by two companies, but most notably Investlab Holdings which is registered and regulated by CySEC and the FCA. IQ option binary options broker first started its operations in 2013, which was only a few years ago. Compared to other binary options broker, IQ option should only be a very small company, but instead it boasts of having more than 14 million accounts in 2016.
In the binary options industry, the broker has been recognized for its excellent services and was crowned as the best binary options broker in 2016 and 2017. These all show that any mention of an IQ option scam is false and unfounded – this is easily the best binary options broker anyone can work with.
When trading binary options, or any other financial instrument for that matter, trust is essential, but it isn’t the only thing to look for in a broker. IQ option have some very unique offerings themselves, such as:
IQ options offer quotes through their own proprietary software, which can be downloaded to your PC or smartphone. The software not only streams live market prices to your device, but also provides plenty of tools for technical analysis.
This is unique in the binary options industry where many brokers only offer a web-based platform. In addition, IQ option keep the platform updated to keep the interface ‘clean’ and easy to use without compromising on the features available. The smartphone version of the trading platform is also just as powerful as that of the PC, and it is easy to use too. For those who are new, you can use the platform for free demo trading, which is also unique in this industry.
The minimum balance for opening an account is just $10, which can be funded using the various payment system providers like Skrill, Neteller, WebMoney or by bank transfer. Even with such a small deposit, you can still make trades because trade sizes can be as little as $1 up to $10,000. With leverage added on top, it is a good enough start. The payout per trade can go as high 91%, which is higher than most other binary options brokers offer.
Trade copying and automated trading
IQ option also developed a robot builder, which is simply a feature to create trade algorithms. Anyone can create their own robot and have it place trades on their behalf. Now, several robots have already been created and made available for anyone to use, which provides another method of investment.