Interview with Egor Perepelyuk – Head of VIP department, IQ OPTIONGroup
1. How is IQ OPTIONdifferent from other binary options platforms?
Our platform is unique. There is not a single existing binary options platform that compares to it. We have spent the last 4 years painstakingly improving it. I’m sure that many people are aware of this, but we developed our platform ourselves, so we are able to continually keep perfecting it. Technical analysis tools, bots, buybacks, ratings – too much to list. And I’m not even talking about what we can expect in the future. Because we never want to stop with our current achievements, and traders can expect another pleasant surprise very soon.
2. IQ OPTIONis licensed in Europe. Could you explain what that means? And how does this affect your traders?
Of course. Traders who make transactions under CySEC regulation can always be confident that the broker will 100% fulfill all of its obligations. Any regulation implies a complex licensing procedure, but it’s even more difficult to meet the regulator’s requirements after getting the license. A regulated broker has to deal with continual auditing of all company processes, account verifications, and call monitoring. We are happy that we have the opportunity to be legal thanks to the European regulator, since it confirms our status on the market.
3. What tools are available on the platform (for beginners, and for advanced traders)?
Our platform provides numerous tools for technical analysis. We currently have 12 indicators, 4 types of charts, 18 types of candlesticks, and 4 types of graphical tools. All of these are built into the platform, and this is absolutely unique! The price chart goes back three years. I can go right now and look up what the price was for the EUR/USD pair on, for example, April 1 in 2014. What is really important is that all of this works without creating a high load on the system, so basically it doesn’t have slowdowns and you can even see it on multiple screens at once. It’s hard to talk about technical analysis tools for beginners. One way or another, you need to have some experience in order to use these tools properly. Based on my own observations, I can say that traders with less than a year of experience prefer Bollinger Bands and RSI.
4. How can traders maximize their income on the IQ OPTIONplatform?
I can’t say anything about income because it’s a complicated topic. But one thing I know for sure is that there are several things that help any trader, regardless of his level of experience: 1) Perseverance 2) Self control 3) Diligence.
5. What is the process for withdrawing money? How long does it take?
We tried to make the withdrawal process as easy and fast as possible. The withdrawal page is designed to be clear enough for even a child to understand. Although I should note that this is certainly not a reason for children to start trading on our platform. 🙂 For clients who passed account verification, the money is sent immediately when withdrawing to a bank card. This makes it very simple to get funds.
6. What do you see in the future for binary options?
To me, the future of binary options seems to be that a large number of financial institutions will officially recognize the status of binary options. This will entail the need for new licensing and standards that must be met. I am positive that this will benefit those companies that want to establish long-term relationships with their clients, as we do.