IQ Option Broker Review
|Official Name:||IQ Option|
|Regulated by:||CySec in Cyprus*|
Risk Warning: Your capital might be at your risk
Trading ProductsForex, Cryptocurrencies, Stocks, Binary Options, EFT
Minimum Deposit€ 50
Demo AccountsYes (Available once you sign up for a regular account)
Why IQ Option?
Started only in 2013, IQ Option has quickly established a solid reputation and has become one of the most trusted platforms in online trading. The company is registered in Cyprus and under regulation by the CySec. It was named the Best Binary Trading Platform in 2015 by the IAIR, a reputable research institution.
IQ Option offers an exclusive trading platform, and maintains a considerably high website traffic. The high traffic is a good sign since it shows that their clients are satisfied with their platform.
The site bears a very professional look with no cheap advertising and gimmicks. In fact, they don’t allow even their affiliates to provide any misleading information on their website. Thus, you won’t see any promises of giving their clients “financial freedom” or “massive earnings.”
IQ option is open about the trading risk involved, and they include a general risk warning in all their promotional materials. If you are looking for easy money or to get rich overnight, then this company is not for you. But, if you are looking to trade forex, stocks, options, or EFTs and you need a reliable broker to help you achieve your investment goals, then you should sign up with IQ Option.
One of the reasons that make IQ Option the ideal broker to work with is that it doesn’t stop finding ways to improve and provide better services to its clients. This can be seen in the way the company continues to expand their product offering, and enhancing their trading platform.
IQ Option Pros and Cons
When searching for a broker, it is important to weigh the pros and cons to determine if the particular broker is right for your particular goals.
- Good variety of trading options – IQ option offers different investment vehicles including EFTs, stocks, forex, and options.
- Better than average returns – Payouts are generally 5 to 15% higher than industry averages.
- Friendly interface – The interface is easy to use, and data is presented in a straightforward manner.
- Regulated by a respected authority – IQ Option is registered in Cyprus and CySec-regulated. It is duly licensed to provide services in the EU region.
- Free demo account – The demo account allows you to get a feel of the real trading environment without risking real cash.
- Small minimum investment requirement – Required minimum investment to start trading is only $10. Thus, you can experience trading even if you have a limited investment fund.
- Interactive learning tools – IQ Option offers innovative learning tools for beginners. You can easily access useful tips and tricks as you go.
- High payout ratio – Top payout ratio is 92% (in case of correct prediction/or profit for a successful trade.
- Transparent and professional – IQ option is known to provide highly professional and transparent services.
- Not available in some countries – At the moment, the services are not available to traders from some countries including the US, Canada, Israel, Japan, Sudan, Iran, and Syria.
- Platform sometimes takes time to respond – While the platform has a few bugs and responds slowly at times, continuous upgrades are being done to improve the system.
Risk Warning: Your capital might be at your risk
Account Information and What to Expect
Registration – Registering with IQ Option is fast and easy, and will take only a few minutes. To sign up, you only need to provide your name and email address, and wait for your activation code. Once your account is activated, you can deposit money into your account so you can start trading.
Clicking on the “Deposit” button will prompt you to select your choice of payment method, currency, and the amount you want to deposit. You also have the option to type the amount. Copy the bonus code (if you have any) in the provided field, then click “Pay.” The money will then be credited in your account. Minimum deposit is only $10, which is among the lowest in the industry.
IQ Option accepts various payment options including major credit cards, bank transfers, WebMoney, Skrill, and PayPal, among others. Processing of withdrawals is also fast as it takes only an average of 1 to 3 business days.
For any concerns, you can get in touch with the accommodating and friendly customer support team through phone, email, live chat, and web form. The staff is on standby 24/7. You can also access the easy to follow “How to Trade” step by step tutorial to help you get started. You can also register a demo account to get a feel of the real trading environment.
Trading Platforms Offered by IQ Option
IQ Option offers its own unique Trading Platform 4.0. It is the first trading platform in the world that uses WebGL technology as core. It took the developers all of 12 months to complete the development of the platform, utilizing the most advanced and innovative development tools available. This shows IQ Option’s commitment to providing its traders with the best trading platform possible.
With the Trading Platform 4.0, you can open as many as 9 charts at the same time. In addition, you can modify and personalize the screen to make it look just the way you want it to. You can change the size of the charts, and move or place them anywhere on the screen, without compromising the functionality of the charts.
The platform is designed in such a way that you can handle and control everything with only a few clicks. The best part is, you can try all the features without fear of losing real money through your free demo account. However, when using a demo account, some trading options may not be available, but it would be sufficient to try out the platform’s major features, and give you a good idea on how the market, and trading in general, works.
Using IQ Option’s Trading Platform 4.0 will allow you to enjoy a smooth and overall better user experience. For one, the platform will behave the same way regardless of the internet browser you are using. You have the option of using the mobile app, as well as downloading the newly developed IQ Option Client so you can login and trade on your desktop anytime you want.
The Open GI technology not only allows you to enjoy an intuitive trading experience. It also offers better security. The new technology also helps your computer to run in a more efficient manner. Even the slightest market movements will be shown on your monitor. The speed of displaying the charts and the overall performance are at least five times faster than performing the same actions on other platforms.
Because you can view price changes in the market within a fraction of a second, you can react quickly, allowing you to take advantage of the small window of opportunity to profit. Over time, and as you gain more trading experience, you will develop the necessary skills to spot and grab great trading opportunities as they come. You can also be better equipped to protect your investments. Simply put, once you experience trading on the IQ Option platform, you would not want to use another platform again.
Mobile Trading Platform – IQ Option Has It All!
On-the-go traders can download the free IQ Option Trading app from the App store or Google Play, allowing you to use the IQ Option Trading Platform on your iOS or Android devices. The app has a responsive and intuitive design, and considered as the best of its kind in many countries. By using the app, you enjoy the same features as those offered online on the website and in the desktop version.
Trading Options Offered by IQ Option
As one of the world’s fastest growing online trading platforms, IQ Option now offers an expanded range of trading options that you can try. These include forex trading, EFT trading, stock trading, and their newest product called digital options trading, which is unique to IQ Option.
Since 2013, IQ Option has continuously refined their product line-up and constantly upgraded their platform to make sure that their users get the convenient, fast and safe trading experience they deserve, and help them grow their investment portfolio. As a result, its membership has achieved massive growth that now counts more than 17 million members, and the number is still growing by the day.
Today, you can use the IQ Option Trading Platform 4 to trade stocks, forex, EFTs, and digital options online.
- Foreign Exchange (Forex) – Forex trading has, for the longest time, been popular among new and experienced investors. After all, it is the most liquid and largest financial market in the entire world. Forex transactions amount to trillions of dollars on a monthly basis. Forex trading is done in currency pairs, with the USD/EUR pair among the most commonly traded pairs.
Just like other investment vehicles, trading forex carries a certain risk level, but it is also possible to turn in significant profits if you are successful. With the help of the right broker and trading platform, you can optimize your chances for successful trades.
- Options – With IQ Option, there are more than 10 million digital options you can choose from. This involves speculation on the price movements in the global markets of currencies, commodities, stocks, and indices. Trading options online can be a good starting point to your trading ventures.
With digital options, you have the freedom to choose the most profitable “strike” for your trades. Compared to trading binary options, digital options allow you to have more control over your entry point.
- Stocks – Stocks are a relatively new product offering from IQ Option. You can choose to trade on more than 7,485 stocks of highly successful companies that are listed on the NASDAQ and NYSE.
- Exchange Traded Funds (EFTs) – EFTs are another new addition to IQ Option product offerings. The investment vehicle offers an excellent and lower risk way of diversifying your investment portfolio. Investing in EFTs allows you to track baskets of various assets, indices, and commodities.
Trading EFTs is similar to common stock trading on the stock exchange. You can buy on margin, you can sell short, and buy even a small number of shares. In fact, you can buy even just a single share.
Whatever trading options you prefer, IQ Option offers various tools that will help you have a better understanding of the trading options offered. You can also check out the frequently updated blogs to help you keep abreast of the latest financial events and international news.
Bonuses for New Traders
Unlike in the past, there are no more bonuses available for new traders. This is because of the new legal regulations in Cyprus. As mentioned, IQ Option is registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission.
Is IQ Option a Scam?
The simple answer is NO. IQ Option is definitely not a scam. It is, in fact, the exact opposite. The company is regulated tightly, and it is obviously very popular among its members. While it may not accept traders from some countries like the US, Russia, Canada, Japan, Turkey, Syria, Israel, Iran, and Sudan, it is highly regarded elsewhere in the world, specifically the EU states as it is duly licensed to operate in the EU countries. Its EU license was issued in Cyprus.
The broker even caters to investors with limited bankrolls, and accepts deposits of as low as $10. IQ Option offers a superior trading platform that you can try out using a free demo account. The best way to prove if the broker is a scam or not is to actually try the services for yourself.
IQ Option Demo Account and VIP Programs
IQ Option’s demo account and VIP program are perhaps among the features that make the broker stand out from the sea of online brokers offering their services today.
Free Demo Account
Because trading involves certain levels of risk, it is highly suggested that you first use a demo account to help you get a good feel of how the trading markets work. With a free IQ Option demo account, you get $10,000 that you can use to trade, as well as most features of a real trading account.
Especially if you are completely new to trading, a demo account will help you gain the experience you need before you dabble in the real world, and trade with real money.
If you are only a small trader, you can open a standard account with IQ Option. You are considered a small trader if your deposit is under $3,000. However, if your account balance exceeds $3,000, whether made through a single payment or accumulated through multiple payments, you are entitled to a VIP account.
Getting into IQ Option’s VIP program comes with a lot of perks. These include:
- Access to high yield assets that will allow you to potentially make profits of as much as 91% for each successful trade.
- Access to the website’s Educational Section maintained by IQ Option trading experts. With the training resources, you can learn various useful lessons including the proper use of indicators, sound money management, and how to avoid common mistakes that new traders commit, among many other lessons.
Deposit and Withdraw Your Funds
IQ Option offers a wide range of convenient deposit and withdrawal options. Using your credit card like Visa and MasterCard offer one of the fastest ways to transfer and receive funds. However, you can also use other methods like bank wire transfers, WebMoney, Skrill, PayPal, Yandex Money, QIWI, and Moneta.
As mentioned, minimum deposit required is only $10. Withdrawals are quick and easy, and usually takes only 1 to 3 business days to complete.
IQ Option Customer Service
Because IQ Option caters to a global market, customers can expect extensive support in various languages including English, German, Turkish, Russian, Chinese, Portuguese, Swedish, French, Korean, Italian, Indonesian, and Arabic. Support staff can be contacted by phone, live chat, email, and Skype. Customer support is available 24/7.
The website offers easy to follow online trading guides, including training videos and blogs for newbies, as well as for the more advanced traders. The resources offer step by step instructions to help you get started in your trading journey. The training resources are also easy to access on the website.
IQ Option is not a scam. It is a trusted and highly recommended broker that can help both beginner and experienced traders achieve their investment goals. It offers practically everything that a regular trader would want and need in a broker.
Overall, the platform is impressive. It has a lot of innovative features that provide a superior trading experience. A free demo software allows you to experience the actual trading environment without having to risk losing real money. While the platform may have a few limitations, these are only minor and you can expect the company to address them in the near future.
Opening a trading account is a breeze and takes only a few minutes to complete. The best part is, you can immediately start trading with a deposit of as little as $10. The company also offers a lot of payment options, making depositing and withdrawing money convenient.
If you are an advanced trader, you may find the trading options to be somewhat limited. However, for at least 95% of active traders, the current product line-up offered by the company would be sufficient. The good news is, the company makes sure that it doesn’t stop expanding its product offering.
Risk Warning: Your capital might be at your risk
*IQ Option Europe Ltd. is registered in Cyprus, and is regulated by CySEC. IQ Option Ltd. is registered at Seychelles. This entity is not regulated.
SupportContact Forms, Email, Phone
Support during weekendsYes
Contact MethodsOnline Forms / Tele Support / Email
Support LanguagesRussian, German, English, Portuguese, Spanish, Thai, France, Italian
Account CurrenciesUSD is the Main Currency
Available for US TradersNo
DEMO accountYes. Please register for a regular account in order to get your access to the demo.
Deposit OptionsVisa, Visa Electron, Maestro, MasterCard, Wire transfer, E-Wallets
Withdrawal OptionsWire transfer, E-Wallets (Such as WebMoney, Skrill and Neteller)
Currency PairsOver 20
Market UpdatesYes, In the Blog Section
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.