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Iqoption Review: Is this a reputable platform?

IQ Option is a financial service company situated in Cyprus that is controlled and managed by IQ Options Europe Ltd. The trading platform is registered as CIF (Cypriot Investment Firm) and is regulated under the CySEC (Cyprus Securities Exchange Commission). They’ve been providing digital trading business for a longer time and are trying to extend their offerings.

Under the CIF license #247/14, it’s also permitted to even provide financial solutions to customers from the European Economic Area (EEA). The trading platform officially launched in 2013 and has expanded in advancements since. IQOption has honestly made online business available to everyone with their small minimum deposit restriction of $10 & free demo account. So if you are interested in investing in an online trading platform, then this iqoption review will be beneficial to you.

IQ Option will also offer margin trading in 2022. These bring companies on the level with the EU’s and beyond’s more experienced brokers and CFD companies.

Regulation and Public Reputation

IQ Option has also won multiple awards for the quality of its own services and its durability during the few years time while it has been in business. It is now regarded as among the industry’s top brokers. Investors will be pleased to learn that IQOption is a regulated broker under the authority of the Cyprus Securities Exchange Commission (CySEC) that under the designation of holding company IQ Option Europe, enhancing its reputation as a trustworthy broker.

IQ Option is already a MiFID compliance broker because it is a CySEC regulated broker. In other terms, IQOption is authorized to provide its services to European Economic Area (EEA) clients. The reality that IQOption is a participant of the Investors Compensation Fund adds to the benefits of becoming regulated by CySEC for customers. Every one of IQ Option’s clients’ money is secured up to a limit of 20,000 euros within this program.

Traders from outside the European Economic Area, on the other hand, have their accounts maintained by a different sister firm named IQ Option Ltd. The Seychelles Financial Services Authority regulates the business situated in Mahe, Seychelles (FSA).

Platforms for Trading

Instead of using a standard trading platform, IQ Option offers its clients a digital platform that is customized to their specific trading requirements.

CFDs & binary options are both traded on the same platform. The platform is well-designed to be user-friendly for the best binary trading app in India, and it includes an extensive chart that is quite useful for traders who would like to pay attention to market situations. With such instruments, high leverage is now permitted.

Furthermore, the platform has a large range of trading platforms not generally seen on any binary-capable trading system. Famous technical indicators, including RSI, moving averages, MACD, and also Bollinger Bands, are examples of advanced trading tools.

The company constantly adds new features to the website to give traders additional reliability. The ‘place top-up’ is such a capability. When a trade reaches a stop loss, it enables a trader to keep it open. It allows the additional trader freedom to let deals recover until closing them. It requires discipline, but it provides traders with different risk management and trading plan alternatives.

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