Having gone through the list of features attached to 24option, it is time to look at those available with IQ Option. This platform is a comprehensive example of the top online brokers available today, with all the necessary bells and whistles required to build a reliable and welcoming platform.
- Account Options. Unlike the five options that 24option provides, IQ Option has just two main account types for users to engage with. Their basic account and their VIP option. The latter provides a few more supporting features like webinars, advisors, and better spreads. However, the basic option also provides all the necessary aspects of the platform in a complete experience.
- Minimum Deposits. In this regard, IQ Option excels above most, with their standard account requiring just $10 to begin trading. Once connected, users can make individual investments starting at just $1. This allows anyone to get going with the available trades and access the market with real money easily. For the VIP account, users must deposit $1900 to gain access and the privileges this includes.
- Practice Account. When it comes to free demos, IQ Option beats out every competitor. The reason for this is they offer a refillable $10 000 virtual account that can be used to access a good portion of the trading options. On top of this, users can seamlessly switch in and out of the demo and their primary account, using it to develop and test out strategies and then taking them across to trade for real.
- Training Materials. Like other online brokers, IQ Option also delivers to their users a wide range of learning tools to help them better their trading experience. This not only involves webinars and tutorials but also live news updates and expert advice from their supporting staff. With the VIP account, there is even more support available, with access to more complex trading teachings.
- Platforms Offered. Another facet of the experience that IQ Option has capitalised on is that of the diverse platform offering. With a high-quality application designed to operate their trade room, this system can be accessed through desktop, laptop, tablet or mobile. There is also browser access, but the application is far more streamlined and efficient, providing easier and better access to the marketplace.
- Financial instruments. In the important field of financial instruments, again IQ Option excels. With over 500 assets to trade on, there is no real limit to the variety found here. These include the likes of Forex, Stocks, ETFs, Cryptocurrencies, Indices and of course their ever-popular options. The latter involves both binary and digital options. There are various spreads included with these and live updates to demonstrate changes in the market for each instrument.
Binary and digital option trading has grown very popular in recent years and is a facet that IQ Option has dedicated a lot of their efforts toward developing. As such, it has a comprehensive range of trading and features that make the experience both entertaining and profitable. With profits up to 90% for their binary options and up to 900% for their digital ones, users can really earn significant amounts through this intuitive trading instrument.
- Additional Tools. On top of their array of instruments, IQ Option also has graphical tools to accompany their beautiful charting displays and demo account. With these tools, users can plot out their trading plans and better gauge their projections. It also allows users to view multiple trades simultaneously and set stop and go orders on others. In terms of setting up involving trading strategies, this is the way to go.
- Payment Options. With the trades on the table, it becomes about getting access with real money investments. IQ Option has traders around the world covered with over 20 different payment options to use. This not only demonstrates the global reach of this platform but allows it to stretch even further as users everywhere can connect with their preferred payment systems. This list includes credit cards, eWallets and certain bank transfers.
General Support. Like with 24option, IQ Option also provides a good deal of supporting features for their users. Whether it be through email, text or live chat, users can request support 24/7. Available in a range of languages, these supporting staff are there to help with problems, questions and even strategies. The intention is clearly to make sure their users are progressing comfortably.