Interviews IQoption Latest

Interview with Dmitry (founder of the IQ option) – ProfitF

Interview with IQ Option

Translator "ProfitF", source: binguru.internet

All questions are divided into three sections:

  • questions from me,
  • questions from merchants by means of Skype discussion and "VKontakte" group
  • "Hottest" Questions

Half I: Common Questions

  1. Dmitry, tell us some words about your self – all the info you contemplate mandatory with us. As you could suppose, many people need to know extra about the character of the owner of IQ 🙂

Quite a bit of individuals might be seen on the new web site. All of them are the leaders of our firm. I additionally need to be open to merchants, so you may also find me on the website

I can inform you that I have been in on-line business for over 10 years. I’ve a background in math. I need to read books on how one can construct a customer-oriented service correctly and make the enterprise affluent.

  1. When and the way do you know about binary choices?

I have to find out about it at the beginning of 2013. I observed an advertisement for binary choice providers and observed a distinction in know-how between the respective areas – Forex and Playing.

  1. Did you attempt to work with these providers as a service provider?

Sure, of course. I registered for all main competing corporations, made deposits into my account and obtained "fun" calls from individuals in the Russian-Israeli accent

Corporations do "don't do it" Example 🙂

  1. When and the way did the concept of ​​establishing an IQ Choice Firm arise? What’s the identify of the identify?

Concept was born in March 2013. There were a number of company names. I have just opened up your pocket book with any names. Right here they are: "optionGO", "accelerations", "brisktrades", "jetbinary", "instaoptions", "iqoption". This isn’t an entire record, however the final choice was simply the "iqoption" we chose.

Otherwise, I anticipate the new discussion board (new discussion board) to release an efficient supplement in December. It absolutely and utterly justifies the IQ prefix. 19

  1. How troublesome and expensive is it to arrange your personal binary settings agent?

If IQ Choice Company was assessed for investment in October 2013, it was not troublesome. Nevertheless, given the efforts which were made since the beginning of February 2016, this can be a very troublesome activity

And I am not making an attempt to determine a broker if there were such robust rivals at the second

  1. . The IQ choice chose absolutely packaged merchandise from the starting and designed a brand new product. Why? Why did such techniques like "Spot Option", "TechFinancials", "Tradologic" not meet your wants?

I went to Israel and met "Tradologic" management. We paid them a license and tried to create an internet site. Nevertheless, the concept was disgusting to me from the starting.

My associate demanded the concept, but when he saw the platform's supply code and other things, we gave up the concept. We determined at the second once we had developed our own discussion board.

  1. What huge difficulties did you’ve got when creating your personal brokerage workplace: workplaces, staff, cost organizers and the risk to work legally with residents in the EU and other nations?

Difficulties included complaints to CySEC, carders, employees shortages, inner interaction problems between departments.

  1. What number of traders have used the initial IQ choice to initialize?

In accordance with current info, 1.5 million accounts with deposits exceeding $ zero have been opened on the platform.

  1. How a lot money did the company withdraw from their merchant accounts?

Nicely. We'll take away all the cash except for many who have been stolen from another person's card.

  1. How many operators utilizing a platform may be referred to as "successful"? What’s the time?

Our mission is to offer "Ultimate trading experience". In different words, we commit ourselves to providing wonderful providers by offering our software and buyer help. We attempt to offer it to every trader. That's why I invite all the retailers to succeed. Though our unique danger administration policy was immature and unpopular among traders

We changed the cost price of some traders – every thing was open. Nevertheless, the traders have been dissatisfied for obvious reasons. Because of God, we’ve given up the apply a long time in the past, and now we make more cash with none problems.

The reply to your question is: 1.5 million merchants minus 50 retailers over 2.5 years 🙂

Commerce myself and advise my associates on the trade too. I examined the new weekend and added my deposit from $ 10,000 to $ 50,000. Then I advised my wife if I do double my deposit now, I'll give her $ 100,000 for buying.

Ultimately I do not double it. Better to offer him $ 50,000 🙂

  1. Staff can work with the platform as retailers. Has anybody acquired a considerable supplement to their salary?

Sure. We frequently joke that someone will get a reward for the deposit. In truth, many of our staff are trading. We give them monthly deposit bonuses in order that we will higher understand our products.

  1. The place to recruit your stuff?

We recruit staff in Russia at http://hh.ru/ and thru recruitment businesses in Cyprus. We are on the lookout for professionals or individuals with a fiery eye.

  1. How does your inner danger administration system work?

Monitoring how a lot the system deserves. The system should earn three% of the complete trading quantity. If this proportion differs, we modify the proportion return on belongings

  1. How do you assume your small business can be 2-3 years or in all probability 5 years?

The corporate is the leader in binary trading. In addition, we are additionally increasing our monetary devices slightly and competing for a sure market share.

It's a really fascinating venture. It’s nonetheless in progress, but I strongly consider it. We gathered an incredibly giant staff, and we will do quite a bit and so much of good trading.

  1. What is your evaluation of your competition in the related market? Are they very close to your company's heel?

As I stated a yr in the past, there are rivals who copy the platform interface and its working mechanism. These, but not current leaders, are real rivals. I'm not going to provide you their names, but domestic corporations can develop good software as we’re. In October, we saw excellent and excellent clones of our software.

Although they are offended by calling them by this identify. Don't mind: they gained't have the ability to compete with us in the close to future when our platform releases a brand new model

  1. You’ll quickly be familiar with the new version 4.zero. What duties do you need to remedy with it?

It's WOW (it's one of our company values)! The brand new model works a lot quicker than the present version three.0. The model consists of unbiased clients that are not just straightforward to make use of but operate on the fly

We maintain merchants' polls each month. Many proposals have been acquired since March. So, many of them are being carried out in model 4.zero

  1. What do you consider what the binary choice business will probably be for many years? Might many companies survive?

Like the Foreign exchange business, there are various players in the market. Nevertheless, the leaders are nicely ahead. We’ll certainly be amongst these leaders if we don’t go to heaven after the nuclear struggle 19

  1. What conclusions are you able to draw from the business now after a number of years of operating your organization?

Israel just isn’t altering. They have performed dirty and replay dirty. Business is full of pollution and fraud. The quantity of trading in the binary choice market just isn’t sufficient to set the international development for proper conduct and honesty.

  1. Statistically, most merchants lose their cash. Why do you assume it’s going to happen?

The reason is that any trading is a zero sum for mathematics. There’s a service provider who gained the deal, and another trader who lost the deal and a dealer who’s all the time on the plus aspect.

Buying and selling is, nevertheless, an excellent factor. If the proper strategy is utilized, buying and selling is usually a large world: evaluation, information, playing, instinct and of course EMOTIONS.

  1. Did you economically benefit from the IQ choice

I nonetheless locked up my profit for my company. I started incomes money in different industries long earlier than the firm was based. Nevertheless, I solely use my whole working hours for the IQ choice

  1. How troublesome and expensive is it to get CROFR (http://crofr.net/) and CySEC?

license CROFR license is just a paper. "Obtaining a license for CRFIN (http://www.crfin.ru/en/) is a bit more troublesome and we gave it up. We obtained a license from CySEC during the yr. implement so much of regulatory constraints, put up so much of accounting procedures, freeze quite a bit of money, and so forth.

We work intently with CySEC to think about us for instance to different brokers complained to by CySEC

  1. What is the authorized standing of the firm in the Russian Federation

Cypriot firm acts as counterpart to transactions

  1. Do you assume that if Europe have been to determine a real trade of binary choices, corresponding to NADEX or Cantor Trade

just lately, we went to the United States and announced with NADEX. It seemed to us that it was was a short-lived problem that had not but been acquired by the US regulator.

Nasdaq plans to supply binary packages next yr. I don’t assume that such an change won’t ever seem in Russia 🙂

  1. Binary options are thought-about a recreation of happiness and licensed by means of the Gambling Fee. The EU is in search of to license binary choices as a real monetary instrument by way of the MIFID Directive. How do you assume the legal status of binary options can be in a number of years? Will They Develop into Authorized Derivatives

Till lately, binary options have been thought-about as a financial instrument in the UK. They will still be categorised as monetary devices if the requirements are met.

In any other case, the firm has been included in the FCA register this week. EU binary options already have the standing of a real monetary instrument and are topic to the MIFID Directive.

We’ve got a Cypriot investment firm with all its consequences and subject to EU regulators.

CySEC is indeed underneath strain because it regulates a big number of unreliable foreign exchange and binary options. Nevertheless, the regulator started to discover the market for such intermediaries more actively

Half II: Vox Populi (Service provider Questions)

  1. Can end dates be elective or fastened? If not, why are they volunteers?

No, they're not as a result of it's our property!

  1. Why is the highest schedule in IQ chart 1 minute? There aren’t even 5 minute cut-off dates, to not point out the day by day schedules. The system doesn’t permit historic worth knowledge to be reviewed. In consequence, most experienced traders use MetaTrader-, TradingView-, Netdania-, and so on. Third-celebration charts.

You’ll be able to see it in the new version four.0 of the platform! 🙂

  1. Is there a "normal chart" after the trading chart that permits for a potential schedule and mapping device that appears at historic worth knowledge for the month and yr –

Read the earlier reply

  1. What was the largest one-time payment? What was the complete help for the dealer as a result of he used the platform? (It was the most popular question)

We’ve got complete and truthful statistics on all funds made to retailers.

Exemptions have been as much as $ 50,000. $ 10,000 cancellations have been made several occasions every week.

  1. What was the most quantity lost by the trader at a time and

The whole is over $ 300,000. Nevertheless, it isn’t a big quantity of cash for such individuals.

  1. Why are change rates or totally different validity durations unavailable regularly? Why is it principally at night time?

This can be a company danger management coverage.

  1. Can I add the foreign money change function with out contacting the Technical Help Division?

and attempt for it. The issue is that there are lots of options advised by merchants and we type them in line with their importance. At the similar time, we are increasing our item quantity.

  1. Why does the fee of return of totally different foreign money pairs range during the day? What's the purpose?

This can be a danger management policy. We consider that the system earns 3-four% of the complete buying and selling quantity. Profitable retailers in such circumstances take cash from unsuccessful dealers and generate income for trading volumes

The enterprise model of our company is carried out in the new version of the platform.

  1. Trading info is exported in Excel format?

I feel it will possibly already be exported in CSV format.

  1. Can the platform mix account tracking techniques akin to Myfxbook or Marketstat?

I understand what you will drive. You higher write to us what sort of analyzes you need to see on the platform, and we'll do it for positive.

  1. Can IQ introduce its own Foreign exchange broker?

No, it's not a change in our priorities. The principle of success is the focus.

  1. What do you consider the Foreign exchange regulation of the Russian Federation?

We checked out it properly and very rigorously and made requests to the Central Financial institution of Russia. We obtained the following reply: binary choices usually are not coated by the definition of Forex sellers

  1. What’s the function of LLC registration with such a powerful 100 million rubles accepted

Act To drive small companies out of the market and start the three largest Forex brokers : A., T., F.

  1. Why are Dr.Net and Kaspersky viruses blocking entry to your website? Did you attempt to clear up this drawback?

We now have had it with them. Perhaps some of our companions produce unlawful web sites. We’re always dealing with the drawback and we are in conflict with them.

  1. Are you able to add a "deposit" function to your demo account so I don't have to "multiply" a number of demo accounts?

Sure, we will do it quickly!

Part III: "Hot" Issues

  1. Why do virtually all binary brokers, including IQ, say they’re betting providers, and that choices are usually not "alternatives" at all, but the common guess is positioned on their platforms? What is hiding as a supplier of financial providers?

Watch the new video on our new platform: I help transparency. The broker's enterprise mannequin is shown in the video

  1. Are binary options referred to as a daily on line casino? Statistically, a binary choice firm is much more profitable than a statistically average casino.

From a mathematical level of view, binary choices are definitely not a casino. The probability of profitable casino video games is all the time a continuing value. From very giant statistics we will see that the worth actions of the binary chart are predictable. Somebody predicts these costs better than others. The typical profit proportion of shops is 52.03%

Frankly, the casino is a very fascinating enterprise, nevertheless it's totally different. Casino gamers, akin to binary operators, lose their money and are available again figuring out that math just isn’t on their aspect.

  1. Why is the degree of advertising for IQ providers on social media and web sites so low? Listed here are some examples of unlawful website promotion for my staff. Examples included a whole lot of hacked web sites that created door pages that direct visitors to the IQ landing pages? Have you learnt that? These ovisivut are still there

You won’t consider me, but I am very concerned about this. We redesigned our employees at our companion division, and I hope we won’t see these doorways once more.

E-mail me for hyperlinks to such door pages (the e mail interviewer has hidden), and I will begin the investigation. With regard to social media, I imposed sanctions on promising advertisements for all the gold stones, telling us about success stories, and so forth.

In all probability blocking visitors to the website.

  1. What do you assume of numerous Youtube movies with referral community connections, the place individuals create (use their browser consoles) their money of their bank statements and use different unfair advertising practices?

It's a nasty concept. They’re dangerous partners that we’ve got to get rid of. I am convinced that you could earn much more by telling the fact and providing wonderful providers as saying lies.

  1. What do you consider attracting and cheating clients by way of alerts and signaling providers? The very fact is that there are not any environment friendly, well timed, proven alerts succesful of predicting a market like Baba Vanga.

We’re creating a undertaking-associated challenge that’s twice as effective. Heh, I’ve to disclose the secret: we are creating a robot builder whose activity is to research the market pretty based mostly on a complicated algorithm and open a commerce or create a signal.

It's just an automated device for technical analysis. I need to announce immediately: it doesn't change the market recreation. Nevertheless, it lets you modify the robotic as an alternative of a computer seat

  1. Have the managers tried to trick clients into bonuses and deposits? Are they informed about "investments" like many other corporations? Do they apply different ways to persuade individuals to generate profits on their accounts?

You’re obviously not a VIP customer otherwise you wrote a question with out learning it. It’s a personal delight, a activity and a purpose to contrast us with the Israelis.

Our main principle is not to lie. We use a "self-service model" to open a demo account and put $ 10 at least deposit so that you simply determine for yourself how a lot money he needs to threaten. Nobody can invite her instantly after registration and assures her to deposit funds that promise all the golden flowers

I hope that the clients' scam system will soon die and all businesses will work as we do.

  1. What do you consider the binary options utilized by associates of binary corporations to promote with unlawful methods of binary operations?

I feel they may in all probability die naturally and we’re going to act. 19659027] There’s a extremely popular view that IQ all the time underestimates the success rates of successful traders after they’ve taken a specific amount of cash. Is it true? What is the minimum amount for which this statement is true?

It hasn't been so almost 12 months. I've advised it earlier than. We did it very actively in the previous. Once we had given up politics, we only acquired it in the end.

  1. Considering the nature of your betting on your enterprise: does the supplier forestall you from utilizing your platform if he has withdrawn a specific amount of cash that’s vital to IQ?

In fact not. In this case, CySEC blocks access to the binary choice enterprise

  1. You should use the platform in case you are over 18 years previous. Have you learnt that many schoolchildren make a scanned copy of their passports or register accounts for his or her mother and father?

No, I don't know. We will't maintain it underneath management.

  1. CROFR shouldn’t be a priori regulatory authority and is an NGO. There are numerous examples during which it did not keep in mind complaints. What is getting a Mickey Mouse?

To be trustworthy, we followed the instance of "Anyoption" in 2013. Its license is only a good advantage that helps avoid headaches. The actual regulator is CySEC.

  1. CySEC is believed to utterly ignore traders' complaints, and it’s just authorized safety that can be purchased for binary betting providers in the EU to create an phantasm of regulation? Is it true?

It's removed from true. The top bodies report complaints to CySEC, while CySEC tells the brokers about these complaints. CySEC's buddies are slowly operating, and true: they despatched us the 117 complaints we had collected in June. By the means, it is a small amount in comparison with our rivals.

It's not an phantasm. For example, these guys pressured us to pay money to illegal intruders who beat our system and bought "backwards" (ie they made offers using current quotes). We had to pay $ 40,000 to some Moldovans. I don’t like them 🙂

  1. I do know from my private experience that on the Web and on websites dedicated to the safety of traders, corresponding to FPA (http://www.forexpeacearmy.com/), you will discover numerous tales about the loss of funds as a result of the mixing of clients by managers deliberately, they have been hooked on alerts that have been a priori improper, telling them about "investments" and putting them clearly. What do you consider it?

I feel the lie is the main drawback in the business. It isn’t typical for casinos and betting suppliers, where rather more cash is shifting. The binary options business fooling each buyer and training right here – and now the positive factors dropped the behavior. They better develop good software program and providers.

It's a extremely popular matter. The one option to remedy the drawback is to point out a very good instance of an excellent enterprise or to withdraw from a unclean market. Nevertheless, I consider in good powers

  1. The blacklist of the AMF (http://www.amf-france.org/) has 200 binary options. There are numerous unregistered and unlicensed corporations, airways registered on behalf of the entrance events. When will the finish of this shame come, if in any respect?

Sure, you're right. There’s more fraud in business than, for example, the Forex market as a result of it’s simpler to set up a brokerage agency. Although overhead costs are heavy and it’s a must to make agreements with banks, and so forth.

Subsequently, those that act illegally (fraudulent clients) can’t purchase web site visitors: they play with visitors and lose it

  1. Google prohibits advertising banners in ad-targeted advertisements meant for the Russian public. What's the purpose? Did you try to deny the ban?

Google, which, nevertheless, allows us to buy website visitors from different nations and needs us to say properly that it is a "corporate policy". They are very good associates and we will't complain about them.

Thank you, Dmitry, on your time and answering any questions. It was a very fascinating and useful interview

Afterword

After the interview was revealed, Dmitry contacted me and confirmed him quite a few examples of door pages that some guys have produced massively to direct website visitors to IQ's website. Frankly, I used to be 100% positive that IQ's management was aware of the incontrovertible fact that visitors is directed to its website, they usually haven’t any distinction what it is.

. Dmitry was very concerned about this. I now see that these web site visitors sources at the moment are blocked one by one. The interview was subsequently sensible.

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