Overview of Intelligent Quantum

Intelligent Quantum, a young brokerage firm based in Saint Vincent and the Grenadines, offers CFD trading on various assets like forex, metals, cryptocurrencies, and more. While they lack regulatory oversight, they do boast 24/7 customer support via email and phone. Their minimum deposit is $30 and they offer leverage up to 1:1000 on some accounts. Spreads start from 0.6 pips depending on the account type and instrument.

Trading is done through the popular MetaTrader 5 platform. While they don't offer a demo account, they do offer educational resources like news, economic calendars, and basic trading concept explanations.

Pros and Cons

Pros

• Variety of Tradable Assets: IQ Option offers a wide range of CFD (Contracts for Difference) instruments for trading, including forex, metals, cryptocurrencies, indices, and energies. This provides diversification opportunities and satisfies different trading styles.

• Competitive Spreads: IQ Option boasts competitive spreads, starting from 0.6 pips for certain account types and instruments. Lower spreads translate to potentially lower trading costs, especially for active traders.

• High Leverage Options: Standard and Cent accounts at IQ Option offer leverage of up to 1:1000. This allows you to control a larger position size relative to your deposit, potentially amplifying profits.

• 24/7 Customer Support: IQ Option offers customer support 24/7 via email and phone. This can be beneficial for traders who require assistance outside of regular business hours or those who prefer phone support over email.

• User-friendly MetaTrader 5 Platform: IQ Option utilizes the popular MetaTrader 5 platform, known for its user-friendly interface, advanced charting tools, and a wide range of technical indicators. This platform is available for desktops, mobile devices, and tablets, offering trading flexibility.

• Minimum Deposit of Only $30: The $30 minimum deposit makes IQ Option accessible to traders with a smaller starting capital. This allows you to try out the platform and test your trading strategies with a minimal investment.

Cons

• Unregulated Broker: IQ Option is not currently regulated by any major financial authority. This lack of regulatory oversight pose a higher risk for traders, as there are fewer safeguards in place compared to regulated brokers.

• Limited Educational Resources: While IQ Option offers some educational resources like news, economic calendars, and explanations of basic trading concepts, they might not be sufficient for beginners. In-depth tutorials, strategy guides, or video lessons might be lacking.

• No Demo Account: IQ Option does not offer a demo account. This makes it impossible to practice trading with virtual funds before risking real capital. A demo account can be a valuable tool to learn the platform, test strategies, and gain confidence before trading with real money.

Regulatory Status

Intelligent Quantum operates without any regulated licenses, meaning it is not subject to oversight or regulation by any financial regulatory authority.

As a result, traders should be aware that the company's operations not adhere to the strict standards and guidelines typically enforced by regulatory bodies.

Market Instruments

Intelligent Quantum offers contracts for difference (CFDs) for trading a variety of financial instruments. These instruments span across several markets including foreign exchange (forex), commodities, indices, and cryptocurrencies.

In simpler terms, you can trade contracts that mirror the price movements of assets like currencies (metals, energies), stocks, and even cryptocurrencies, without actually owning the underlying asset itself.

Account Types

Four account types offered by Intelligent Quantum: Standard, Classic, Cent and VIP.

Standard Account has a minimum deposit of $30, minimum withdrawal of $30, market execution spread starting from 1.6 pips, no commission, maximum leverage of 1:1000, no swap fees, instruments including forex, metals, crypto, indices and energies, and rebate paid through a Uni-level compensation plan with 15 levels. The rebate payout starts at $6/Lot at level 1 and reduces to $0.5/Lot at levels 6-15.

Classic Account also has a minimum deposit of $30, minimum withdrawal of $30, market execution spread starting from 1.6 pips, no commission, maximum leverage of 1:1000, no swap fees, instruments including forex, metals, crypto, indices and energies. Unlike Standard account, the Classic account has a Uni-level compensation plan with only 4 levels. The rebate payout starts at $4/Lot at level 1 and reduces to $2/Lot at levels 2-3. There is no rebate fee at levels 4-15. The spread for classic account is 10 points higher than VIP accounts.

Cent Account has a minimum deposit of $30, minimum withdrawal of $30, market execution spread starting from 0.6 pips, no commission, maximum leverage of 1:1000, no swap fees, instruments including forex, metals, crypto, indices and energies. The rebate paid through a Uni-level compensation plan with 15 levels. The rebate payout starts at $5/Lot (standard) and reduces to $1/Lot at levels 6-15.

VIP Account also has a minimum deposit of $30, minimum withdrawal of $30, market execution spread starting from 0.6 pips, commission of $4/Lot, maximum leverage of 1:200, swap fees apply, instruments including forex, metals, crypto, indices and energies. VIP accounts have no rebate fees.

How to Open an Account？

To start trading on Intelligent Quantum only needs three simple steps:

Create Account: Begin by clicking on the provided link to access the form for opening your live trading account with Intelligent Quantum. Fill out the required information accurately to complete the registration process.

Fund Your Account: Once your account is created, log in using the credentials you provided during registration. Navigate to the funding section within your account dashboard. Choose your preferred payment method and follow the prompts to deposit funds into your trading account.

Start Trading: After your account is funded, download the MT5 (MetaTrader 5) trading platform onto your device. Use your Intelligent Quantum account credentials to log in to the MT5 platform. Once logged in, you're ready to start trading. Begin by analyzing market trends, selecting your desired assets, and executing your first trade within the MT5 platform.

Leverage

Intelligent Quantum offers different maximum leverage depending on the account type you choose. Standard and Cent Accounts offer the highest leverage of 1:1000. This means you can control a position 1000 times larger than your deposit. While VIP Account has a lower maximum leverage of 1:200. While lower, it still allows you to control a position 200 times larger than your deposit.

Spreads & Commissions

Intelligent Quantum offers various spreads and commission structures depending on the account type and instrument you choose.

Intelligent Quantum uses market execution spreads, which means the spread widens or narrows based on real-time market conditions. As for Standard and Cent Accounts, the spreads start from 1.6 pips for forex pairs and can vary depending on the instrument. Spreads for Classic accounts are 10 points higher than VIP accounts. VIP accounts offer tighter spreads starting from 0.6 pips for forex pairs.

Intelligent Quantum charges commissions only on VIP accounts. The standard commission on a VIP account is $4 per Lot.

Trading Platform

Intelligent Quantum's trading platform is powered by MetaTrader5, offering trading experiences for both mobile devices and tablets. With MetaTrader5, users can trade Forex, stocks, and futures anytime and anywhere, thanks to its mobile trading capabilities.

By installing MetaTrader5 for iOS or Android on their smartphones or tablets, traders can access financial information and execute trade operations in global markets 24 hours a day.

The platform provides rich functionality tailored for mobile use, ensuring that all essential trading tools and features are readily available at the trader's fingertips.

Deposit & Withdrawal

Intelligent Quantum offers a variety of payment methods for deposits and withdrawals.

Intelligent Quantum requires a minimum deposit of $30 for all account types (Standard, Classic, Cent, VIP). They accept various payment methods like credit/debit cards, e-wallets, and bank transfers.

The minimum withdrawal amount is also likely $30 for all account types. While Intelligent Quantum does not charge withdrawal fees, it's crucial to check their website or contact customer support to confirm any potential fees associated with specific withdrawal methods.

Customer Support

With a dedicated customer service team available 24/7, traders can reach out for assistance or guidance at any time. Whether they have questions about trading, account management, or technical issues, the support team is readily available to provide prompt and reliable assistance. Clients can contact Intelligent Quantum's customer support via email at info@iqccfd.com or by phone at +66 20072226.

Educational Resources

Intelligent Quantum provides up-to-date news, economic calendars, promotions, and announcements to keep traders informed about market trends, events, and opportunities. The educational section covers various topics such as leverage, spread, and other essential trading concepts, aiming to enhance traders' understanding of financial markets and trading strategies.

Conclusion

Intelligent Quantum (IQ Option) offers a tempting combination of diverse tradable assets, competitive spreads, and high leverage, all accessible through the popular MetaTrader 5 platform with a low minimum deposit. However, the lack of regulatory oversight and limited educational resources are significant drawbacks. Additionally, the absence of a demo account and potential withdrawal fees make it a riskier proposition for beginners.

FAQs

Q: What types of assets can I trade with IQ Option？

Answer: IQ Option offers a wide variety of Contracts for Difference (CFDs) to trade, including popular options like forex currencies, metals, cryptocurrencies, stock market indices, and even energy commodities.

Q: How much does it cost to start trading with IQ Option？

Answer: The minimum deposit required to open an account with IQ Option is just $30, making it accessible to traders with a smaller starting capital.

Q: What trading platform does IQ Option use？

Answer: IQ Option utilizes the well-regarded MetaTrader 5 platform, known for its user-friendly interface, advanced charting tools, and a wide range of technical indicators.

Q: What are the spreads like at IQ Option？

Answer: IQ Option boasts competitive spreads, starting from 0.6 pips for certain account types and instruments.

Q: Does IQ Option offer customer support？

Answer: Yes, IQ Option offers customer support 24/7 via email and phone.

Q: Is IQ Option a regulated broker？

Answer: Currently, IQ Option is not regulated by any major financial authority.