The binary options are a trading system that has become very popular in the last 3 years.
It is one of my preferred methods to start in the world of investments, and that is why ] the one that I recommend to my students when they ask me about it.
What worries them the most before starting to operate is to know which are the best strategies to have successful results, and how to choose the best assets for them.
But there is one thing they do not know, and that is much more important than all that: knowing how to choose a good broker that is reliable and safe.
That is the first advice I always give them and the students who have listened to me in this, have become good traders who have generated profits.
Those who have not followed my recommendation, in the end have ended up losing their capital .
If you make a fast search by Internet to find brokers to operate in binary options, it is likely that in many sites you see reviews and comments from people who recommend IQ Option.
IQ Option It has become one of the most popular platforms for trading because it has many advantages. But what no one tells you is that it also has some drawbacks that you should know.
My students and I have been using IQ Option for the last few years, and here I am going to share the analysis background I've made for you based on my personal experience, and I'll tell you both the good and the not so good things about this broker.
What is IQ Option?
IQ Option is an online broker specializing in binary options, although in the latter year have also included classic operations with which to operate in the traditional market.
But what exactly are binary options? They are a trading system in which is invested in the rise or fall of the price of an asset in a certain period of time.
When you operate with binary options, you have to decide the asset in which you will invest (gold, shares in a company, currencies such as the dollar, euro), if its price will go up or down, and in how long you want the operation to end.
It is a simplified way to invest in compared to traditional stock trades.
One of the advantages of this type of trading is that you can start investments with very little money.
In IQ Option by example you can make transactions that cost only $ 1 . Although the more capital you use, the higher the results.
* Risk alert: your capital may be at risk. My readers are very important to me, and that's why I recommend you start with only $ 10.
Types of accounts in IQ Option
Most brokers that I have tested have only one type of account to operate ; Some also have an additional account called VIP, but in them it is mandatory to make large deposits of money (more than $ 3,000).
So, when I met IQ Option I was surprised that they had a normal account, to operate with real money, and another call demo account that you can use for free to practice without risking your money until you're ready.
This type of account is the most basic, and you can use it totally free for practice your strategies without using your real money
It's the best way to learn binary options and check what patterns and techniques are what really work for you. In addition, it will help you to get to know the whole website better.
In my article How to open a demo account to invest in binary options I explain step by step what this type of account consists of, and how to create
I always recommend to my students that before investing in a serious way, practice with this demo account for a couple of days so that they get used to all the options that exist, and write down the strategies that work best for them.
The IQ Option demo account has 10,000 virtual dollars for you to practice (other brokers that have a practice account only give you $ 1,000), but every time that money ends , you can ask to be reloaded again with another $ 10,000 to continue practicing.
Also, it is exactly the same as the real account: has the same functions assets, support and video tutorials.
] So when I start to invest your real money, you will be fully prepared and you will know better what you must do thanks to this demo account.
This is the account with which you can start trading with real money. It is exactly the same as the demo account, with the same options, assets, tutorials …
So if you have been practicing before with the demo account, with the normal one it will be the same.
The best for me who has IQ Option is that the minimum deposit is only $ 10 the lowest of all the brokers I've tested.
With the normal account you can also access extra options that will allow you to increase your winnings, such as turbo tournaments, additional and exclusive video tutorials for users of this account, and competitions with monetary prizes.
The first time I checked into IQ Option, I acknowledge that I was disappointed with the few assets they had to invest.
Yes, their platform was easy to use, they had the demo account, the minimum deposit was low but the assets were only the basic ones: shares of some companies, gold and silver, some currency pairs like the dollar and euro, and little
I know from forums where I'm registered that other traders sent complaints about this (I did too), and IQ Option heard these suggestions and has expanded this section.
Right now, have about 300 available assets of all kinds like:
- Currency pairs euro / dollar, pounds / dollars
- Stocks of companies like Amazon, Alibaba, Apple , Google, Twitter, Tesla, Microsoft, Snapchat, Netflix, PayPal
- Investment in cryptocurrencies such as Bitcoin, Ethereum, Litecoin or Ripple
- Classic options of Forex
- Raw materials such as gold and silver
Types of operations available
IQ Option also offers several types of transactions that you can use to invest with the asset you choose.
Depending on the type of operation, you will be able to get more or less profit with it; but also remember that if you make investments with a large return, the risk of losing that money is also greater.
These are the type of operations that I most use ; after all, IQ Option was born to offer this kind of service.
You can start an operation of this type by selecting an asset from the Digital list or from the Options list.
As I said before, binary options are operations in which you have to choose the asset in which you will invest, if its price will fall or rise and the time it will last.
They are more simplified investments than those that exist in the traditional securities market. However, its most outstanding feature is that have a limited time.
In binary options, the maximum time that an operation can last is 15 minutes.
In this way, you can get much faster results compared to normal trading, with which you have to wait much longer (days, weeks, and even months).
This is what for me I do not have to wait a long time to see if I have made a profit or not because in a few minutes I can find out.
So you can see better how it works. perform an operation in binary options within IQ Option, I recorded the following video for you while doing one of my operations:
you see in the video, you just have to choose the asset you want , the amount to invest (you can start from only $ 1) the time in which the operation will end (it was 18:46 in the afternoon for me, and I chose to finish it at 6:51 p.m. afternoon), and if its price will rise or fall.
A good strategy to know if the price will go up or down is to look at the green and orange bar on the left.  In the video, the orange bar has a percentage of 63% when I have chosen my asset, and the green one has a percentage of 37%.
What does this mean? That there is a 63% chance that the price of that asset will go down and only a 37% chance of it going up.
That's why I chose the "Low" option ]because I had more chances to go down, and so succeed in the operation.
The result after only a few minutes was that I invested 13 dollars, and when I finished I earned $ 11.57 that is, In total I got $ 24.57.
This is another type of operation within IQ Option. They are very similar to the classic operations, only that the time limit is much shorter: you can finish your operation in 60 seconds, 120 seconds, or a maximum of 5 minutes.  I only recommend this type of operation if you are an advanced expert investor, and you have discipline to control your emotions, because the low time limit can cause you to make many mistakes.
This type of trading is the most traditional that has been carried out during a lifetime (think of the Wall Street stock exchange, for example).
do an operation of this type, you have to choose one of the assets of the list CFD, Forex or Crypto.
Here there is no time limit since the operations are done long-term. So instead of deciding what time your operation will end, what you should indicate is when it will end based on the losses and gains.
Look at the image below where it says "Auto closing" : the +324 means that I have decided that the operation will stop when I get a profit of $ 324 or more.
And where it says – 50, it means that I have indicated that if the operation has a loss of $ 50 or more of which I have invested, automatically stops.
This type of trading is only recommended if you have already done successful operations before and you are a little advanced investor because they are more difficult than binary.
In fact, some followers of Gananci have told me that lost their initial deposit because they ignored me and without knowing anything about trading, they started with this kind of operations when I advised them to start with binaries.
So if you're starting to invest and you're a beginner, the best thing is that you start with the binary options and not with the classic operations.
Materials extra educational
When I first registered at IQ Option, something that surprised me a lot was that within the platform they have many free resources so that you are totally prepared before investing.
Other brokers simply give you access to your platform to start investing and nothing else.
But in IQ Option you have several materials that will help you to learn to trade if you do not know anything about this.
There are exclusive video tutorials for your clients in which they will teach you how to manage the page, how the different types of graphics work, until what patterns exist and how to use them.
They also have a technical support totally in Spanish with which you can contact you 24 hours a day, every day of the week, and they also have a chat in which you can talk to other investors to ask them questions or learn new strategies.
But there is one thing that they lack and that they should improve : have some kind of basic course, or a written guide to operate
All your resources are very good, and once you have registered on the platform, you can use them for free at no cost.
But sometimes are missing some more explanations depth (especially if you are a newbie), and it would be great to have a written guide that you could download and consult whenever you want, and where the information was more ordered.
How is the ] trading experience in IQ Option
I started in the trading world some years ago because I wanted to get an additional source of income for my house that did not take me too long and with the that I could increase my capital.
I have tried many brokers of all kinds throughout this time, but so far the one that has always worked better for me has been IQ Option.
And for that reason, it is the platform that I always recommend to my students to begin with.
The big advantage I see is that the minimum deposit is very low: only 10 dollars . Most brokers ask you at least 200 dollars to start investing, and you have to do operations with a minimum of $ 50.
In contrast, in IQ Option you can make your first transaction by investing only 1 dollar. So it is quite accessible for all kinds of people regardless of their economic level.
The trading experience for me is excellent, especially if you are a beginner in trading, because the page is very simple to use, and the binary operations are simpler than the traditional ones.
You have already seen in the video section of the Operations Types section that all you have to do is select a binary options asset to start, choose the amount to invest and the time it will end, and then select whether the price will go up or down.
Also, the charts have many options that help you know how to perform your operation and what results it will have.
This section is better than the other brokers I've tried where just show you the graph but they do not give you any more help on the screen.
For example, the orange and green help bar on the left will guide you so you know choose whether the price will go up or down (if in "Low" the percentage is higher, it is better to choose that, and if "Increase" the percentage is larger, choose that option.)
After making an operation, the chart will also appear on the right an orange bar with a small flag below will tell you the time it takes to finish your investment.
This is very useful because if it is close to ending, and you are suffering losses, you can cancel the transaction or sell ] to not have even more losses.
Another element that makes the screen very intuitive is that when you indicate the amount you are going to invest, IQ Option calculates what your percentage of profits will be if you are successful (above in the image is 86%), and how much money you will get according to the investment (in the image it would be 11.18 dollars
All these resources along with others like the demo account to practice, the exclusive video tutorials to learn, and the chat to ask questions, make the trading experience here is 10.
The only drawback you can find is that after making your free registration on their website, they will ask you to verify your account by sending them a photo of your ID card.
But this will not take you more than 2 minutes (you can take the photo with your cell phone), and it is a security system that all regulated brokers use to ensure that their users are legal persons, and keep the data of others safe members.  So if you ever find a broker who does not ask you for verification with your identity card, he mistrusts it, because it most likely is a scam.
IQ Option has welcome bonuses ?
IQ Option does not have welcome bonuses, and that is for good reason: the CySec (the securities market commission that oversees the trading agencies) is prohibited from giving welcome bonuses.
That's why IQ Option, to comply with the regulations and be totally legal and transparent, do not offer any kind of bonus on your investments.
Frequently Asked Questions about IQ Option
As you have seen, all the information I have given you above is quite extensive, and this is an analysis of IQ Option in depth so that you can have all the necessary data to operate with them.
However, I have noticed that my students and the followers of Gananci who contact me in the comments, usually have questions in common that maybe you're also doing it.
1. How can I make the deposit of $ 10?
You can do it through debit or credit card Visa, Mastercard, Maestro, with Webmoney, Skrill, Neteller and bank transfer.
Currently does not support PayPal or other forms such as Western Union.
2. How can I withdraw my money?
Through the same methods as to make the deposit: Visa, Mastercard, Maestro, with Webmoney, Skrill, Neteller and bank transfer.
3. How long does it take to deposit my money?
The transfer of your earnings to the account or method you have chosen usually takes between 24 to 72 hours .
4. What is the minimum amount I can withdraw and what commissions are there?
In IQ Option you can withdraw your money from $ 2 . The number of withdrawals per day is unlimited (you can do all you want), and the maximum money you can withdraw is $ 1 million.
If you withdraw money through your debit or credit card, Webmoney , Skrill, or Neteller, will not charge you any commission.
But if you withdraw it by bank transfer, you will be charged a commission of $ 50 of your total payment (for example , if you ask for $ 200, your account will reach $ 150 because the other $ 50 will remain as commission).
5. How do I make a deposit?
First, sign up for IQ Option and verify your account. Then enter the page with your email and your password, and click on the right on the green "Deposit" button.
Select your payment method and the amount you want to enter, and follow the instructions that will show you on screen depending on the deposit method you have chosen.
6. IQ Option has an application for my phone?
Yes, IQ Option has an application to be able to invest from your cell phone that you can download by clicking here from your phone.
In this way, you can start , check, and check your operations whenever you want and anywhere you're comfortably in.
You also have an application that you can download to your computer to use the IQ Option program in it without having to open your browser.
7. Can I use IQ Option in my country?
IQ Option is available in all countries in Latin America, Spain, and Europe. If you live in the United States or Puerto Rico, you will not be able to use IQ Option because they are not available there.
8. Andrés, what steps do you advise to start investing?
This is perhaps the most frequent question I always ask because after all trading can be something new for many people, and they have fear of risking your money.
That's why my advice is that you first register for free at IQ Option to create your account. Then look at all their video tutorials they have to know how to manage the page and learn some basic strategies.
Afterwards, practice for a couple of days with the demo account to familiarize yourself and know what assets and strategies you have worked better.
And finally, when you're ready, make your first deposit of $ 10, and make your first transaction to get real money.
These are the steps I always recommend to my students, and all those who have followed my advice have been successful in investing in IQ Option.
9. How do I make the deposit in dollars?
If in your country you can not buy dollars or the currency is different (pesos, bolivars, etc.) do not worry: just send the money in the currency of your country , and IQ Option will convert that amount to dollars automatically without charging you commissions.
10. IQ Option is reliable and pays?
Yes. IQ Option is a regulated broker and reliable. I have been using it for 4 years, and I have always been paid when I have withdrawn my earnings as they have done with all the people I have recommended it to (my students, friends, followers of Gananci …)
see other people's opinions, see the next section .
11. How much money can I earn with IQ Option?
That depends on what you're willing to work on, and your level of discipline to learn about binary options.
I have students who are generating $ 80 a day with IQ Option, and others that only get $ 500 a month because they only spend about 5 hours a week on this.
Opinions of my readers
If you got here, it's because you've read my entire analysis of IQ Option and what I think about this binary options broker with both
But I also know that sometimes a single opinion is not enough; that's why I share here a small sample of what some Gananci followers think about IQ Option after having it tested.
And you, Have you already done your first operation with IQ Option? Leave me a comment here below and tell me what you think.