In this article, we will review IQ Option proprietary mobile trading app – IQ Option APP. This broker offers a wide selection of stocks, commodities, currency pairs, and cryptocurrencies that can be traded via CFDs or by using options contracts. You can read our full review of IQ Option for more information. The Mobile trading app is available on macOS, Windows, iOS, and Android.
Risk warning: your capital might be at risk
Currently, IQ Option is operating under IQ Option Europe Ltd and is regulated by the CySec License no. 247/14. Let's delve deeper into the topic and remember: PFI is your source for current news regarding financial investments.
Minimum system requirements (desktop)
- Operating system: Windows 7, 8, 8.1, 10 and macOS – OS X 10.10 Yosemite
- RAM: 2 GB (4 GB recommended)
- Disk Space: 130mb
- Video card: DirectX9 (Windows) and OpenGL 2.0 (macOS)
Minimum system requirements (mobile)
- Operating system: iOS 9.0 and Android 4.4
- Storage: 74 Mb
Traders who are eligible and open an IQ Option account will have access to options and CFDs covering more than 90 different financial assets including currency pairs, individual stocks, and broad-market stock indexes. They can profit from these trades by either taking long or short positions by using CFDs or they can also speculate on short-term price movements in the price of the assets by trading options.
Trading APP
The IQ option trading platform is designed to enhance the trading experience, especially when it comes to options trading.
The interface is one of the most user-friendly in the industry. It features a modern design, easy order execution buttons and fields, and a very illustrative chart that provides real-time prices for the assets you trade and important indicative bars that show things like the take-profit and the stop-loss levels of your trades.
Meanwhile, binary and digital options products have certain characteristics that make them unique compared to traditional financial products. IQ option has designed its app to incorporate a highly interactive interface. The trading interface facilitates selecting strike prices, expiration dates, and amounts of capital committed to each trade.
The desktop version can be downloaded from the IQ Option official website. It is available for both Mac OS and Windows computers. The mobile app can be downloaded for both iOS and Android devices from their respective app stores. However, binary options can only be traded on Android devices by installing the app directly from the APK provided on its official website.
The web and desktop versions, along with the mobile app are available in 17 different languages.
Risk warning: your capital might be at risk
Accounts Available
Traders can open an account with via the app and the registration process should only take a few minutes, even though the process of verifying your identity may take a bit longer than that.
Three types of accounts can be opened:
The standard IQ option real account requires a minimum deposit of $10.
The VIP account requires a minimum deposit of $1,900 and a minimum trading volume of $15,000 is required. The VIP account entitles the holder to additional benefits such as higher returns on binary and digital options.
A free demo account is also available to test the platform before depositing money. This practice demo account provides the user with a balance of $10,000 to try out the platform and its products for free.
What Can You Trade With The App?
All the assets covered by CFDs and options are available via the app, even though some regions are restricted from trading certain assets.
In summary, the portfolio of assets includes:
- 13 forex digital options.
- 48 binary options covering stocks, stock indexes, and currency pairs.
- 58 forex CFDs.
- 185 individual stock CFDs.
- 28 cryptocurrency CFDs.
- 4 commodity CFDs.
- 24 ETF CFDs.
It is important to note that traders within the European Economic Area (EEA) are not allowed to trade binary or digital options.
Meanwhile, binary options can only be traded via the Android app installed with the APK file provided by IQ Option on its official website.
If you download the app via the App Store (iOS) or Google Play Store (Android) you will not have the possibility of trading binary even though you may be located in a region where those financial products are permitted.
Digital options require a minimum investment of $1 and the expiration date selected for the options can range between 60 seconds to 15 min. The maximum payout for these options is 900% if the asset reaches the strike price. Both long and short positions can be taken.
Meanwhile, binary trading require a minimum investment of $1 as well but the expiration dates are more far-reaching – from 60 seconds to the end of the month. Potential returns can go as high as 95% if the option closes in the money.
Support
Customer service is available 24/7, which is not a common feature other brokers offer.
IQ option customer support agents can be reached by e-mail, live chat, or via phone call and there are specific phone numbers that traders can use to reach out to this broker in their native language.
Most of the phone numbers provided by this broker are toll-free and the alternatives cover dozens of languages including English, Spanish, Portuguese, and Chinese.
Risk warning: your capital might be at risk
Risk Warning: CFDs are complex instruments with a high risk of losing money rapidly due to leverage. 85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
