The internet offers a lot of different opportunities when it comes to making mone. There’s answering surveys, downloading apps, doing freelance work, and many more.
There are thousands of different companies and websites out there that are offering various ways for you to earn using only a laptop and an internet connection.
Now, one opportunity that is not as mainstream as others but is still a common opportunity is trading in the financial markets.
There are different kinds of markets that you can trade in, there is the Forex market, the stock market, cryptocurrencies, and commodities.
Each market presents its own advantages and disadvantages. To trade in the financial market, you’ll need to open an account with a broker that has a trading platform.
One such broker that is offering this is IQ Option. It’s a company that offers a trading platform for you to make money trading in the financial markets.
The amount of money you could possibly earn is hard to gauge since it is dependent on a lot of different factors, including the strategy or system you’ll use.
But is IQ Option really a legit company that offers an opportunity to make money trading or just a scam?
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IQ Option is A Legit Trading Platform For People To Make Money Trading the Financial Markets
IQ Option is a trading platform that provides people with an opportunity to make money trading in the financial markets.
It was launched in 2013, it started as a company that only offers binary options trading before expanding its trading platform.
It is one of the most popular platforms available and it also has a large client base from all over the world. Its users are now more than 41 million since 2018.
It also offers free educational materials to help you learn the basics about trading and the ins and outs of the market. There’s also an option to make money through their Affiliate program.
Based on what I’ve seen so far about IQ Option, I can say that it is a legitimate trading platform that you can use to make money trading in the financial markets.
The platform has millions of subscribers, which shows that a lot of people trust it. The company is also regulated by the Cyprus Securities and Exchange Commission.
Of course, this doesn’t mean that there aren’t any issues or complaints about IQ Options. One of the common complaints I saw is that people are having a hard time withdrawing their money.
There are also complaints from people who experienced getting their accounts blocked or suspended.
I’ll discuss all of these issues in more detail as we progress further in this review of IQ Options.
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Who Uses IQ Options?
IQ Options is designed for people who are looking for trade in the financial market. The company offers a good trading platform that you can use for your trading activities.
They also offer educational tools and resources to provide you with basic information about how the market works.
Aside from trading, the company also has an affiliate program where you can earn commissions whenever someone signs up using your unique affiliate link.
In the next section, I’ll discuss in more detail what IQ Option offers you and the features that they have that makes them a popular trading platform.
What Does IQ Options Offer?
IQ Option is a trading platform that allows you to trade in the financial markets. It started out offering only binary options trading before expanding to trade other assets as well.
With the platform, you can trade in a wide range of stocks, Forex, cryptocurrencies, options, indices, commodities, and ETFs.
The platform allows you to trade in 123 stocks, 99 Forex pairs, 8 commodities, 12 cryptocurrencies, and 59 Options. As for leverage, the company offers 1:10, 1:500, and 1:50 for trading stocks, forex, and commodities.
IQ Option also has a mobile app that you can download on the Google Play Store or Apple App Store if you are an on-the-go trader.
There are educational materials and training videos to provide you with basic information about the ins and outs of professional trading.
The company also conducts regular webinars and seminars to provide more information that concerns traders.
Now, you have the choice of opening a Demo Account first, which will allow you to trade in real market conditions without any risks or a Real Account to trade with real money.
When you open a Demo Account, you will start with a virtual currency of $10,000. Once it’s used up, you can always have it replenished to continue practicing your trading strategies.
If you want to open a Real Account, you are given two options and they are the Standard Option and VIP Option. The Standard account is the default account of IQ Options.
It contains all of the basic features and services that a broker account offers like volatility alerts, newsletters, market updates, and more.
The minimum investment you can start with is $10. You can also start with $30, $50, $100, $250, $500, and $1,000.
VIP Accounts will have access to more premium services like advanced analytical and charting tools. You’ll be given the ability to trade in mini and micro-lots.
There’s also a personal account manager that handles your account, as well as personal tutoring, round the clock customer support, and much more. To be a VIP member, your minimum deposit should be $3,000.
If you want to make additional money, you can also do so with IQ Option’s affiliate program. You can earn 50% of the broker’s earnings if you become an affiliate and get people to open an account.
It is important to note that there are certain terms and conditions that you’ll need to follow before you are able to earn anything from the program.
Withdrawing your money is done in various ways. If you deposited via credit card or debit card, the initial investment you made will be deposited back to your card.
Any excess money will have to be withdrawn via bank transfer or e-wallet. Bank transfer will have a transaction fee of $31. The company currently, supports the e-wallet Neteller, Skrill, and WebMoney.
You’ll also be required to submit supporting documents when you request a withdrawal, like your ID, a photo of your card, and so on.
What Are People Saying About IQ Options?
The reviews and comments about IQ Options have generally been mixed with some people saying it is a good trading platform that you can use for your trading activities.
There are also others who have issues and complaints about this company. Now, chief among the complaints is regarding withdrawal of your money.
A lot of people are complaining that it is hard to make a withdrawal with IQ Options. Now, withdrawing money from a trading platform is not really simple since there’s a strict process they follow.
But a lot of the complainants say that the company just won’t withdraw their funds and the customer support won’t explain the reason why.
Then, there are also complaints about the trading accounts getting blocked, which also contributes to them not being able to withdraw their money.
Again, no further reasons were given on why accounts were blocked but I’m guessing it has a lot to do with the company’s terms and conditions.
Another concern is that customer support is sometimes a bit lacking as a lot of people who experienced problems had issues getting these resolved.
There are other various complaints about IQ Option, but I think I have covered the important ones to consider.
Now, it is important to know that there are also a lot of positive reviews and comments. Plus, it’s not unusual for brokerage companies to experience complaints.
What I Like about IQ Option
Now that we know what IQ Option is and what it is able to bring to the table, it’s time to discuss what I like about this opportunity.
- I like that you can start trading with as low as $10. Yes, the initial investment they offer is only $10 for a standard account. So this is a good way for you to try trading with real money using a small amount so the risks are not that high.
- Another thing that I like about IQ Options is that they are regulated by several regulating bodies form different countries. This is good as this will give you the ability to complain or ask questions to a regulating body that can do something about it.
- I also like that IQ Options has an affiliate program, which can further help you make money with the platform. This is great since you don’t have to just rely on trying to make winning trades in order to make money with this opportunity.
What I Dislike about IQ Option
Of course, not everything about IQ Option is good, as there are also several things about this opportunity that I don’t really like.
- The first thing that I don’t like is that there are several complaints about withdrawal issues and accounts being blocked. Though it’s possible that this is just due to the company’s terms and conditions, it’s still a bit concerning that this is happening. Plus, it’s also concerning that the customer support doesn’t seem to provide an explanation on why this happens.
- Another thing that I don’t like about IQ Options is that it is not available to all countries. If you live in the U.S., Canada, Australia, Russia, France, Japan, Belgium, Turkey, Iran, Israel, and Syria, then you can’t open an account with this company.
Do I Recommend IQ Options?
After learning more about IQ Options and what it is able to bring to the table, I can say that this is an opportunity that’s worth checking out if you’re looking for a trading platform.
Despite the complaints about them, they still have a lot of positive reviews, which shows they are one of the decent trading platforms out there.
You can give them a try with only minimal investment to see if the features of the platform are something that you are looking for.
If your goal is just to make money online, then its best that you look for other opportunities. Making money through trading is not easy.
Even professional traders still lose money in the markets. Though it can be a good opportunity to make money, it will require a lot of training, experience, and dedication on your part.
If you are new or you’re just looking to make some extra money online, then it may be better to look for a different opportunity rather than starting a trading account with IQ Options as you could just end up losing money if you don’t know what you are doing.