Many people have faced with problems regarding employment: too much time spend in a way, uncomfortable offices, low salary, or, which is the worst, intolerable boss and “crazy” colleagues. Additionally, overtimes, problems with vacation, because of lasting lack in specialists and pressure from deadlines coming. Traders made choice in favor of self-employment, because the best motivation for efficient performance is to know, that remuneration totally depends on efforts made and no pressure exists.
To help individuals, who decided to try investment activity and do not depend on boss anymore, this article will tell about crucial point to put attention at, main treats to be compared, and will provide some information about IQ Option and IG.com brokers as an example.
The first step to be done is to search evidences of existing guarantees regarding personal funds, future withdrawals and customers rights. So below are facts about foundation, legislation and results.
More, than fifteen years left IG.com was introduced to British end-users. In a same time parent company was created more, than 45 years ago. The fact it’s still operating, able to provide services satisfying today’s demands of up to 1,000,000 users, tells, that no significant breaches was made. All of these describe customer service mostly, but the matter is compliance and submitting to FCA and AISIC, so in case of any signs of fraud or deficiency in functionality, immediate sanctions and fines will be applied.
IQ Option won hearts of more than 15,000,000 traders during six years operating. It is explained by efforts aimed to support just joint people with development by providing with all necessary tips, advices and lifehacks, actual proposals and following trends in users’ requirements and desires. As headquarters is located at Cyprus it submits to CyCES that is included to MiFID, being effective in Euro Union.
Owning of international awards proves high service quality and compliance with current requirements to brokers:
IQ Option was honored on 2014 by MasterForex-V (as leading and reliable binary options trader – in general 2 times), Global Brands magazine for the fastest growth, IAIR Award (as best app creator and binary options broker), Business Initiative Directions Group for in respect of customer-services.
IG.com is also a winner of such awards as best trading platform, best finance app, best multiplatform provider.
Do and don’ts
IQ Option does:
- offer sections with applicable news, economic
calendars, ready analytics and analytical tools for predictions of future
trends and changes;
- has good design and is easy to navigate and use;
- proposes additional privileges during dealing, for example, automatic end of deal in case losses reached some certain level, prolongation of the deal in case trader feels future profit from it;
- proposes work via smartphone, tab, site, PC.
- provides different types of accounts for users, starting with demo for unexperienced ones VIP and also Islamic.
- provides tournaments for active participants of the platform with real cash as a prize.
IQ Option’s setting doesn’t allow to have long-term strategies, it is mostly directed for immediate or up to hour deals. Although, thankful to holding the position option deal can be prolongated for some time, not so significant as wanted.
- Prepared basic analytical tools and data for technical and/or fundamental analysis;
- Have diversity of possible operations;
- Is well designed and understandable in use.
IG. com doesn’t:
- Provide any account, except demo and real ones;
- Provide tournaments.
IQ Option and IG.com provide similar services regarding trading stocks, forex, indices, options, contracts for difference and so on. Also IQ Option implied ETFs – basket with different assets in one pool of investment to diverse risks.
IQ Option: Mac, Windows, Android, iOS, separate software for trading installed on lap or personal computer.
IG.com the same described for IQ Option.
Special Investments made by brokers
There are useful articles, analytics, study-materials and demo account provided to those, who don’t know how to use skills in trading yet. Such options are presented by both brokers. Although, an advantage for VIP-users of IQ Option platform is provided as personal assistant for consulting and analytics. Spending time and resources for creation decent knowledge base made IQ Option desirable partner for lots of traders.
Funds management is rather simple in both cases. No limits on withdrawals, same approach to commissions regarding wire transfers and ability to use e-valets, payment systems and banking cards for replenishments and withdrawals.
Difference in amount of deposited funds comprises $140 – $150 requires IG.com and 10$ IQ Option. The respective difference applies to dealing – $1 need to enter deal for IQ Option’s trader and $10 for IG.com.
In spite of similarity of services and main working principles, such conveniences as available limits for starting, servicing of personal account by different ways, existing of entertainment with repayments to participants are significant advantages of IQ Option.