IQ Option is an established binary options broker that specializes in offering services to Russian and European client

Broker	IQ Option
US Traders Accepted
Company Name	Infofield Premier Limited
Headquarters	Nicosia, Cyprus
Regulation	CySEC (license #247/14), Russian FMRRC (#TSRF RU 0841 AA Vv0315)
Bonus Type	No
Max Payout	92%
Out-of-Money Reward	0-45%
Minimum Age	18
Trading Platform	Proprietary
Deposit Options	US Dollar, Russian Ruble
Deposit Currencies	Credit/debit cards, wire transfer, QIWI, Skrill, Liqpay.com, EasyPay, TeleMoney, WebMoney, ВТБ24, HandyBank, MTC, Евросеть, Pinpay Express
Minimum Deposit	$10
Minimum Trade	$1
Online Since	2013
Trading Instruments	Stocks, currencies, indices, Bitcoin
Number of Trading Instruments	73
Binary Option Types	High/Low
Customer Support Types	Phone, email, web form, Skype, paper mail
Education Offered	How-to pages, FAQ, glossary, beginner articles, financial news
Awards	Most Innovative Binary Option Broker 2013 from ShowFx World (Moscow)
Languages	Russian, English, German, Arabic, Spanish, Indonesian, Italian, Portuguese, Turkish
Demo Account	Yes, unlimited.

IQ Option is an established binary options broker that specializes in offering services to Russian and European clients. Their website loads in Russian, but is also available in English and in other languages, and you may trade not only in Russia, but also in the United States and other countries around the world. The company which operates the site is called Infofield Premier Limited, and is based in Nicosia, Cyprus. The website offers something of a “no frills” approach to binary options trading, which may be simply because it is relatively new. The trading platform is proprietary and a little hard to grasp at first, but it is one of the most advanced trading terminals in the binary industry and it has some interesting features for controlling your investment amount. IQ Option also offers a fully functional demo account.

Getting Started with a Demo Account or a Real Account

You can sign up in under a minute and get started right away on IQ Option. One of the best things about this broker is that they offer a demo account which you can use indefinitely. There are no limitations as far as time goes, and you do not even need to make a deposit to use the demo account. This is a wonderful feature. It is also really easy to access; you do not need to get in touch with customer service or anything. You’ll find the link to open a demo account at the top of the page right next to the link for opening a real account.
At any time, you can choose to deposit funds through one of the numerous deposit methods which the site offers. You can only open an account in US Dollars or Rubles, and the minimum deposit size is $10 or 300 Rubles. Along with credit and debit card, the site offers a variety of e-wallets and online payment services, most of which are Russian. No withdrawal fees are posted, and neither are any minimum withdrawal thresholds.

VIP Account

You can open a real account with as little as $10. This is amazing for traders with small bankrolls or those who want to practice live trading with real money without risking much. There are some great benefits that go with this type of account, including participation in trading competitions, bonuses up to 80%, and more. But what really is impressive is the VIP account.
You can qualify for the VIP account just by depositing $1,000 or the equivalent in your currency. You can select an out-of-money refund of up to 60%, which helps you control your risk. Bonuses up to 100% are available, you can participate in trading competitions, you get 1 day processing on withdrawals, you are given a personal manager, and you also can enjoy monthly analysis of your trading by qualified experts on the IQ Option Team.

The Trading Platform

IQ Option updated their trading platform in 2015, and let me say, the updated platform is very impressive to see. Forget about your boring white label SpotOption interface. This one-of-a-kind interface displays beautifully with a high contrast graph on a dark screen. The chart updates live, and the bright glowing green dot immediately grabs your attention with its pulsing movement. If you hover your mouse over “Call” or “Put,” an arrow appears pointing in the direction that you are saying that price will move. For a new trader who learns visually, this is a wonderful feature to provide clarity and focus.
On the right, above the payout percentage, you will find a slider you can drag. This will increase or decrease the out-of-money refund (and correspondingly, your potential profit). You can select your trade amount in the top right. If you want, you can trade as little as $1. This is wonderful flexibility for traders with small accounts! On the left, you will see your open and closed positions. You can also look through assets, top performing traders (for copy trading), signals and news. This is very convenient! Don’t like the black background? Change it to white by clicking on the moon-shaped icon at the top of the page.
It is an interesting platform, and there are 73 different assets to trade, but you are out of luck if you want to trade futures. IQ Option doesn’t offer them. There are also a shortage of trading tools (like early close, though this is not surprising considering the expiry times). Education is minimal; there are how-to pages, FAQ, glossary, some beginner’s articles, and financial news. There is also no mobile trading, account tiers, or bonuses.
The lack of bonuses is surprising since that is typically a big selling point for binary options brokers, but not something that is necessarily a huge deterrent to a serious trader. If you bonuses are important to you, you may find this annoying, but for traders who want to manage their money wisely, not trading on leverage is best anyway.

Reputation

After a period of establishing as a rather popular online trading company,  there is now a lot of information available about this company and their services. They are no longer new, which means that there is plenty of reviews posted about them in the Web. At the same time, IQ Option strives to be transparent and informative about its business. Their website is easy to navigate and you can get answers to most of your questions just by reading through the material. Customer service is available via email, web form, Skype, phone, or paper mail. Nobody was on Skype when I checked during business hours on a weekday, which was disappointing.

Conclusion

This broker is a real mix of pros and cons. The flexible minimum trade size can make this a great choice for a small account holder who wants to conserve money and trade wisely. The fully functional, unlimited demo account is excellent. You can practice here as long as you need to and also learn your way around the unique interface without risking a penny. This proprietary trading platform and the control you are given over your payout and risk percentages is also very interesting. The company only offers short-term trades, few trading tools, and otherwise is quite limited on features, however, which are all substantial drawbacks.
IQ Option goes in the category of binary options which are definitely worth checking in with regularly as they look to be rapidly developing new features. They were off to a good start and has already proven to excel in the binary options field. At the same time there is still much of what they could do in the future. Hopefully they will decide to offer more types of options to trade, longer-term options, early close and other tools, and improved access to customer service.

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