One of the leading Forex trading platforms for the UK is IQ Option. It has made trading easy and fun by adding features like EFTs, Stocks, Digital Options, and Forex Currency Pairs. FX trading is the latest addition to IQ Option UK.
IQ Option came into existence in 2013, and it has become a famous company worldwide by capturing more than 17 million users in a short period. IQ Option became a partner with the world-famous Aston Martin Racing.
IQ Option has won multiple awards, such as the “Century International Quality Gold ERA” from the Business Initiative Direction Group. Also, the Web Marketing Association gave it the Best Technology Application award, and Global Banking and Finance Review gave it Best Binary Options Broker Europe in 2015.
IQ Option Forex UK – Background Information
Between 2014 and 2017, IQ Option boomed over the market. There were only 950,000 registered accounts in 2014, and the number of accounts massively increased to 3,450,000 in 2015. This increase didn’t stop here, and IQ Option reached 14,011,685 registered accounts by the end of 2016.
Some statistics of the trades conducted daily are also available for this tenure. The number of daily transactions in 2104 was 200,000, which grew to 1 million transactions in 2015 and 3 million trades in 2016.
We see a dramatic change over time in the trades undertaken every month. There was $10 million of trade volume each month in 2014, which rose to $100 million per month in 2015 and a massive rise in 2016 to $11 billion.
The company also provided the statistics of traders’ withdrawals each month, which is quite interesting. Traders withdrew $500,000 each month in 2014 and $1,500,000 in 2015; by the end of 2016, it rose to $5,700,000.
IQ Option has always worked for the convenience of its users. That is why they improved their processing time for the withdrawal of money, i.e., four business days in 2014, which came down to 3 business days in 2015, and in 2016, traders could withdraw their money in just one business day.
Customer satisfaction is paramount in every type of business. So, the customers were responded to in 7 minutes by the company’s team in 2014 via live chat, and in 2016, that time was reduced to just 46 seconds.
The ticket processing time was 5 hours in 2014, 2 hours in 2015, and 24 minutes in 2016. The company has outperformed to improve its standards, which helped it in its growth.
Account types of IQ Option
IQ Option provides two types of accounts for forex trading, including a top-level account, which requires a minimum deposit of $1000, and an account for entry-level with an initial deposit of $10
The account manager also offers traders with a high profile a VIP account, requiring at least $3,000 to be deposited. Many benefits come with the VIP account, including a personal manager for the account, increased profitability, 24/7 support, trading tournaments free to join, a personal mentor, and you can directly interact with IQ Option.
Beginners can use the demo trading account to gain experience before investing their real money.
Trading Platform and Software
IQ Option is one of the premium trade platforms that gives you a choice between a real money account and a demo trading account. It provides the information you need for trading, including a multi-chart layout, historical quotes, and fundamental and technical analysis.
It is so diversified that it can be accessed on iOS and Android devices, Windows desktops, Mac desktops, and Ubuntu. Any browser like Firefox, Chrome, and Safari can be used because IQ Option supports all of them.
The Digital option is the latest product of IQ Option, which is also included in this platform. Also, it can be easily downloaded from the Google Play Store or App Store, and it is available on the official website, with the format.EXE file of just 11.9MB.
Deposit Options
IQ Option uses a safe and secure process to deposit money. Traders can deposit their money through Visa Electron, Maestro, Visa, MasterCard, Skrill, Neteller, and WebMoney.
A minimum of $10/€10 can be deposited, and the trade could start at $1 or €1.
Markets
Twelve cryptocurrency options are available for the trader to use, having a leverage of 25:1 at IQ Option, including Litecoin, Bitcoin, and Ethereum.
Some other available options are Stocks, Forex, ETFs, and Binary Options. Available assets range from CHF/CAD, JPY/AUD, EUR/AUD, CAD/GBP, GBP/AUD, CAD/USD, GBP/CHF, CHF/JPY, CAD/EUR, USD/CHF, USD/AUD, and others. The availability of currency pairs is quite big on this platform.
Cryptocurrency trading is typically conducted against USD alongside Bitcoin Cash, USD/BTC, BTC/LTC, ETH/BTC, and USD/IOTA, among others. Stocks of top brands like Amazon, Microsoft, Tesla, Twitter Inc., McDonald’s, Google, Nike, and Apple are also available. Market hours can be used to trade items like gold, crude oil, platinum, silver, and others.
IQ Option Welcome Bonus and Promotions for the UK
Registered clients can win many bonuses by competing in trading tournaments organized by IQ Option. These bonuses are offered occasionally, and the platform provides the terms and conditions to avail of these bonuses.
Trader Support
Access to customer support includes snail mail, email, country-specific offices, and FAQs. The following countries have 24/7 support: Germany, Austria, Russia, the UK, Portugal, Brazil, Singapore, Spain, South Africa, India, Australia, Thailand, Italy, France, Chile, Colombia, Mexico, and Argentina.
The Cyprus office of the company manages payment transactions. The emails used for support are payments <at> iqoption.com and support <at> iqoption.com. Every type of query, like banking, technical, platform, registration, issues related to trading, and tournaments, is resolved as quickly as possible.
Social media platforms, including Instagram, Facebook, YouTube, and Twitter, can be used to express a trader’s feelings. The languages used for customer support are Turkish, Portuguese, Russian, French, German, Spanish, Swedish, Indonesian, English, Korean, Italian, and others.
Safety
IQ Option gives priority to safety. Hence, the highest encryption protocol and SSL technology are used to ensure the integrity of a trader’s account. Any interruption by a third party is protected by firewall protection. The details of this trading platform are HE324593, licensed to IQ Option Limited in Seychelles.
Ease-of-Use
The steps to use this platform for trading are very simple, and forex traders usually don’t have any problems. Before trading, whether in actual money or demo mode, you must register your account first, and then your details must be verified by you.
To Trade or Not to Trade with IQ Option
IQ Option is the most popular platform among stock traders, forex traders, cryptocurrency traders, and commodity traders to use the market hours for their benefit and maximization of profits.
The company has also provided a popular forex option’s wealth along with the minor, central, and exotic pairs. There are 12 different options for the most exciting cryptocurrencies.
IQ Option is one of the safest platforms, with high standards and multiple trading options.
FAQ:
Does IQ Option give real money?
No money is involved initially; you join it and train yourself. $10000 is used as demo money when you open an IQ Option account. The purpose of this money is to invest it according to the actual terms without the risk of losing your real money.
There is no limit to the money you can earn on the IQ Option platform, and the trader can withdraw it in minutes.
How can I trade Forex in IQ Option?
IQ Option allows you to trade on Forex, but IQ works as a CFD broker instead of a Forex broker. This means the forex pairs cannot be bought directly; you can only predict their development and prices in the future and buy their contracts.
Is IQ Option safe?
Yes, it is a safe option. It has a large population of 40,000,000 users because it is one of the most successful and prominent binary options brokers. FSA and CySEC have given licenses to IQ Option, and these authorities also regulate it, making IQ Option even more trustworthy.
