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Tournaments

IQ option offers binary options tournaments*. I have never seen these on any other broker site, so I tried them with great interest. At the beginning, all traders get a tournament balance of $10,000 for their use during the tournament. Winners are determined by their tournament balances at the end, participants with the highest balance win the first place prize etc. Some tournaments have a guaranteed prize fund, which means that, if participation fees do not cover the whole prize pool, the broker will pay the rest. Some tournaments also have rebuy possibilities, meaning that, if you lose your whole tournament balance, you can rebuy yourself back into the tournament, for the same entry fee and you get a tournament balance of $10,000 again. Tournaments usually last for 30 minutes. By participating in a tournament, you can profit 100 times (sometimes even more) the entry fee.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

How To Use

There are currently hundreds of binary options brokers, with new ones appearing on the market almost daily. This is great for customers. As companies try to compete against each other, there is an almost endless number of choices with special features. One thing that many brokers have been overlooking is existing customers

Is IQ Option a Scam?

IQ Option haven’t raised any Scam suspicions so far. In fact it’s a transparent brokerage, operated by IQ Option Europe Ltd., a company regulated by the Cyprus Securities and Exchange Commission (CySEC), under License number 247/14. The company who operates the website is also easily found in their “Contact Us” section so I guess there’s no reason to be worried. In addition, the broker has maintained a relatively high and stable stream of traffic to their domains: IQoption.com and eu.iqoption.com. This means that the traders are satisfied and the company is healthy with a good reputation.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Extras

Candlestick charts are considered an extra for binary options brokers even in this day and age. It makes me almost sad to say it, but it’s a fact so they get bonus points for it. Their innovative platform can also be considered an extra feature as are the many tournaments for trading that they offer. Keep in mind that these Tournaments are subject to Terms and Conditions, just like any competition, anywhere around the world.

IQ Option consists of two legal entities

IQ Option Europe Ltd., which is registered in Cyprus and is regulated by CySEC, and IQ Option Ltd., which is registered in the Seychelles. This second entity is not regulated. A list of countries accepted by IQ Option Europe Ltd. can be found at the bottom of this page**. IQ Option Europe LTD is located in Yiannis Nicolaides Business Centre, Agiou Athanasiou Avenue 33, Limassol Athanasios, Agios, 41022, Cyprus and regulated by the Cyprus Securities and Exchange Commission CySEC, license number 247/14. Support is available on telephone, for UK dial +44 20 8068 0760. See iqoption.com/contacts for more support numbers worldwide.