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IQ Broker review in detail for traders

Technology and developments in finance have allowed many retail investors to access the market. IQ Broker is a trading platform that allows you to trade stocks, Forex, and currencies through various product offerings.

In traditional finance, many exchanges have high capital requirements and that has prohibited many people from entering the market. With IQ Broker Exchange, they have various products and opportunities to gain exposure and profit from market fluctuations. The article below Learn Forex Trading will IQ broker review in detail, helping you get the most general view of this trading platform as well as make the best investment choice.

What is IQ Broker?

IQ Broker is a trading platform that allows investors to trade various options including binary options or CFDs. CFDs or Contracts for Difference are a type of financial instrument that trades on the price movements of stocks, regardless of whether the price is increasing or decreasing. The main advantage of CFDs is the opportunity to speculate on the price movements of an asset.

IQ Broker is an online brokerage group that trades foreign exchange, CFDs, and options. Started operations in 2013, is a brand owned by IQ Broker Europe Ltd headquartered in Cyprus. IQ Broker is registered as a Cyprus investment company (Cypriot Investment Firm – CIF). And operates under the control of CySEC – Cyprus Securities and Exchange Commission, license number 247/14.

Being regulated under CySEC means being compliant with MiFID (Market Navigator of Financial Instruments) regulations. And also being a member of the compensation fund of up to 20,000 Euro. This is proof of Transparency, reputation, and safety for IQ Broker Europe Ltd’s customers.

Basic information about IQ Broker

  • Year of establishment: 2014.
  • Regulator: CySEC.
  • Minimum deposit: 10 USD.
  • Minimum investment: 1 USD.
  • Products provided: Forex, stocks, options, and cryptocurrencies.
  • Maximum Payout rate: 91%.
  • Deposit method: Internet Banking, Wire Transfer, Neteller, Perfect Money, Webmoney, Skrill.

See more: Instructions for registering an IQBroker account

Compare IQ Broker with other binary brokers

First, this is a long-standing binary exchange in the world. Trusted and used by users. In terms of rankings of financial websites evaluated by investors around the world.

Compare IQ Broker with other binary brokers
Compare IQ Broker with other binary brokers

Because it is a long-standing trading platform, IQ Broker has constantly upgraded and improved its system. In addition to a variety of products, IQ Broker also has many detailed instructional clips on how to play Binary Options. Support customer transaction analysis.

IQ Broker exchange interface
IQ Broker exchange interface

If you want to become a professional trader. Follow the direction of making money by trading. Then IQ Broker is the best choice for you at this time. Intuitive interfaces are great for analysts. Indicators and image quality are sharp and clear.

In addition, IQ Broker is similar to other binary exchanges.

Trading platform at IQ Broker

IQ Broker is one of the few exchanges that provides full trading software for platforms such as computers, applications for computers, and applications for Android and iOS operating systems.

In particular, IQ Broker’s mobile platform is quite smooth, providing all the same features as the web version. So you can trade anytime, anywhere. Not only that, IQ Broker provides many technical analysis tools such as Bollinger Band, MACD, and CCI… the image quality is bright and clear. Make it easier for them to make decisions, as well as find more profits. In addition, the beautiful, intuitive, easy-to-see interface is also a plus point for IQ Broker.

IQ Broker trading products

If you want to IQ broker review, you can see the exchange products provided. In addition to binary options, IQ Broker also provides many different fields for you to have more options when trading such as:

Forex: IQ Broker offers a total of 50 forex pairs with 1:300 leverage for you to choose from. The most popular of which are EUR/USD, USD/JPY, GBP/USD, USD/CAD, AUD/USD, NZD/USD and USD/CHF.

Share: IQ Broker offers 169 stocks with no opening fee offer. The same minimum investment amount of only $1 comes with leverage up to 1:20. Along with stock codes belonging to the world’s largest companies such as Apple, Tesla, Amazon, Boeing, and many others.

Choice: IQ Broker offers 46 different types of options. Predict price movements of assets including Binary, digital, and FX.

Cryptocurrency: IQ Broker provides 17 types of cryptocurrencies such as Bitcoin, Ethereum, Litecoin…

Leverage, commission, and spread figures

Lever

Leverage is provided for forex and CFDs trading only, not for options trading. Leverage rates are different for each type of trading product.

Product Forex Share Cryptocurrency Goods ETF
Maximum leverage 1:1000 1:20 1:100 1:150 1:25
Leverage in IQ Broker

Commission

IQ Broker does not apply commission fees for all transaction types and all products.

However, if the investor’s account is not continuously active for 3 months, an amount of 10EUR will be deducted directly from the account.

Spread

At IQ Broker, investors are often only interested in spreads in forex trading and CFDs. Because it directly affects the fee that investors will pay to the exchange. Not so with options trading. The matching price in forex or CFD transactions follows the standard rules of Bid price (sell order) and Ask price (buy order). As for options trading, the matching price is equal to the average of the Bid price and Ask price.

For exchange rate pairs, spreads on this exchange are quite high and are applied to float according to the market

Forex Spread (pip)
EUR/USD 1.3
USD/JPY 1.1
USD/CAD 1.4
USD/CHF 1.6
NZD/USD 2.0
EUR/GBP 1.5

Account types offered by IQ Broker

Currently, IQ Broker offers 3 different types of trading accounts for you to choose from: Standard, VIP and demo.

Standard trading account

Low minimum deposit of only 10 USD. Unlike other BO exchanges, IQ Broker has no restrictions on trading functions in this account. This means you can access over 350 assets to trade. Comes with a withdrawal mechanism within 24 hours.

In addition, traders also have access to several trading competitions organized on the IQ Option platform (only applicable to clients outside the EU).

VIP trading account

with a minimum deposit amount of 1900 USD or more within 2 days. You will enjoy benefits such as: having a personal account manager. Monthly reports on your trading records and 3% additional profits.

Demo account 

Like many other binary brokers, IQ Broker offers a demo account with 10,000 USD in virtual money. You can use it for as long as you want, this will help you experience many different trading strategies and get familiar with the platform before investing real money.  

Additionally, you do not have to register or provide your personal information to access the IQ Option demo. This is not always the case with other brokers. Because a lot of companies require you to provide at least an email address to get access to their demo.

Features on IQ Broker’s trading platform

During the process of researching IQ Broker, we were not only interested in its trading products but also its trading platform. The trading software solution developed by IQ Broker is very easy to use. All important features are integrated into the transaction and are designed to be very user-friendly so even beginner players can quickly get used to it and become proficient in it in just a short time. short.

Some outstanding features of this trading platform are as follows:

  • Analytical tools: Traders can use a variety of tools to analyze charts. Even important technical indicators can be viewed directly on the chart. Helps players check and make trading decisions.
  • News: Real-time market news is also integrated into the platform. Traders can continuously update and easily refer to the data.
  • Train: IQ Broker also has knowledge training programs to help traders learn and learn right on the website itself.
  • Stabilization: IQoption.com’s trading platform is very smooth. Players will not encounter difficulties during use. This has been proven throughout the entire period of operation of this company.

See more: Registering an IQ broker account on your phone

Deposit and withdraw money at IQ Broker

IQ Broker offers many deposit methods such as Visa debit cards. Electronic banks such as Skrill, Perfect Money, Neteller… and many other domestic banks for you to choose from.

The minimum deposit level of IQ Broker is quite low, only $10, maximum of $5,000. Deposit time is very fast, only a few minutes for the money to be in your account.

Currently, IQ Broker supports withdrawing money through Internet Banking of some UK banks, so you can completely deposit and withdraw through this portal. However, if you choose this port, the minimum deposit will be 15 USD or more. Not 10 USD from other electronic portals such as Neteller, Skrill, or Webmoney.

IQ Broker also has the same requirements as Forex exchanges. That is, whichever port you deposit using, first, you have to withdraw all the money you used to deposit using that port.

Note: With the first withdrawal, IQ Broker will ask you to add documents to ensure the transaction. That’s why, right after registering an account. You should verify your identity by uploading your ID card to the inspection exchange. Thus, it will be more convenient to withdraw money later. The first withdrawal usually takes a little longer. This is also a policy from IQ Broker to ensure trader safety. But subsequent deposits and withdrawals will be much faster.

Summary and IQ broker review

IQ Broker is a reputable binary trading platform, licensed and regulated by the most trusted financial regulators in the World. With my assessments, I believe that the IQ Broker trading platform deserves to be one of the best choices for you.

To summarize the IQ broker review. I can summarize the advantages and disadvantages of this forex exchange as follows:

Advantage

  • The world’s leading trading exchange is certified to operate according to European standards. Committed to safety and transparency for investors.
  • Has a wide development network across continents, including the UK.
  • A diverse portfolio of trading assets including currency pairs, stocks, indices, and commodities.
  • The most ideal trading conditions among binary options exchanges on the market today.
  • Simple and convenient trading with binary options with only two Call/Put options (High/Low).
  • Friendly trading platform, with an intuitive interface. Effective trading measurement and analysis tools.
  • Diverse types of trading accounts are suitable for both experts and beginners.
  • Convenient payment, many deposit and withdrawal methods.
  • Professional customer service.
    IQ Broker has many advantages
    IQ Broker has many advantages

Defect

  • There are only two options: High/Low binary options, also known as Call/Put (High/Low options) and Turbo options (short-term options). Other popular options such as One Touch or In/Out Range are not yet available on the IQ Broker trading exchange.
  • Demo accounts can only trade quite a bit with only 13 different types of trading assets.
  • The average withdrawal time is about 3 to 5 days.
  • The first time you withdraw profits to the bank. Investors must verify their identity through phone messages, confirmation by ID card, bank card, and account statement. Quite complicated.
  • There is no official representative office in the UK.

If you only focus on options trading, IQ Broker is a good choice. This platform is not for those who want to trade forex or CFDs in a sustainable and long-term way. Especially professional investors because the trading methods here are completely different. In addition, the platform does not fully support forex and CFD trading.

Above is the IQ broker review of Learn Forex Trading. If you have anything else you want to share, please comment below. Wishing you successful trading!

 
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