Trading brokers have been around since the mid-2000s. Many have failed as a result of the stringent laws and restrictions imposed by governing bodies. Others were essentially trick stages set up to make money for traders before closing shops.
IQ Option is a broker that provides financial instruments such as forex, options, stocks, commodities, CFDs, and cryptocurrencies. The company sells its products to traders from all over the world, including Latin America, Europe, and Asia.
They've also received numerous awards and continue to evolve and introduce new features that make trading easier.But is it possible to make money trading on IQ Option?
Joining IQ Option, like any other broker, does not guarantee that you will make money.Trading in financial instruments is risky, and the vast majority of traders lose money. However, the few who do make money do so because of their market knowledge, use of a proven trading strategy, and psychological stability to see their trading strategy through.
IQ Option scam or legit broker?
Third-party sites are one of the simplest ways to determine a website's standing on the internet. I used a website to compare IQ Option to other online finance and investment institutions. Option IQ With a ranking of tenth, it has a good reputation among online trading brokers.
Another factor I considered was the geographic distribution of traders. According to the results, IQ Option has visitors from over 250 different countries, i.e. from all over the world. It's safe to say that the vast majority of these are genuine traders, and this is not a hoax. The fact that no single country has more than 20% of visitors indicates that IQ Option is trusted by traders from all over the world, and you can benefit from this.
IQ Option is fully regulated by CySEC
CySEC licensed IQ Option, which was founded in 2013. Their primary function is to supervise financial institutions that handle customer deposits, so if you deposit with IQ Option, you are in good hands.
CySEC ensures IQ Option for traders who deposit funds.CySEC, like other financial authorities, will keep a close eye on IQ Option's activities and financial activity. This includes keeping trader funds separate from IQ Option operating funds in the event of an emergency.It also ensures that traders are refunded if IQ Option goes bankrupt. However, if you have a dispute with IQ Option, it is best to first contact their support team to see if it can be resolved because customer support will usually resolve it.
IQ Option complaints
No matter how hard they try, online brokers will attract traders and complaints over time. IQ Option is no different. Delayed withdrawals were the most common complaint traders heard.
This is a common issue on many online platforms. The good news is that no trader has ever complained about the platform withholding their funds. In most cases, the transaction is a result of incorrect documents or unverified accounts.
Finally, IQ Option is a legitimate online trading broker that serves traders all over the world. It's a good place to make money by trading various financial instruments. If you're thinking about becoming an IQ Option trader or want to try their platform for free, I recommend opening an IQ Option demo account first. Just to get a feel for how the platform works, which is completely free.
