alexa certify
165
General Information
Broker Name: IQ Option
Broker Type: Forex
Country: Cyprus
Operating since year: 2013
Regulation: CySEC
Adress: Agiou Athanasiou Avenue 33, 4102, Limassol, Cyprus
Broker status: Regulated
Customer Service
Phone: +61 261 452 936(Canberra), +44 20 8068 0760(London toll rate),
Email: [email protected]
Languages: English, Russian, Chinese, Spanish, Portuguese, Turkish, Indonesian, Italian, German, Korean, French, Swedish, Vietnamese
Availability: 24/7
Trading
Trading platforms: Proprietary
Trading platform Time zone: N/A
Demo account: Yes
Mobile trading: Yes
Web-based trading: Yes
Bonuses: No
Account
Minimum deposit ($): $10
Maximal leverage: N/A
Spread: Yes
Scalping allowed: Yes

IQ OPTION LOGO

IQ Option Review 2020

Review Contents:

  1. Introduction
  2. Regulations
  3. Account opening
  4. Trading Platform
  5. IQ Option Tradable Products
  6. Trading Features
  7. Commissions and Spreads
  8. Customer Support
  9. IQ Option Review Conclusion

Introduction to IQ Option Review

Many client reviews blame the broker in scams and frauds. As some of them disclosed, it is especially hard to withdraw the funds. Let us review the broker and try to figure out whether the broker’s status ourselves.

IQ Option Europe Ltd was founded in 2013.  Its headquarters are in Cyprus. Cyprus Securities and Exchange Commission (CySEC) regulates the Broker. IQ Option is a binary options provider. It offers free demo accounts, multiple trading instruments, and a unique trading platform.

The broker offers a variety of different features suitable for both beginner and advanced traders. This includes the use of a free demo account, up to date technical analysis via their blog covering a wide variety of asset classes, as well as an economic and earnings calendar for stock traders and educational videos.

 

Regulations: Is IQ Option a Scam?

Cyprus Securities and Exchange Commission (CySEC) regulates IQ Option. Also, it and is a member of the Investor Compensation Fund that provides clients with segregated accounts and a negative balance protection policy in line with ESMA regulations.

It allows the broker to provide services to other European Economic Area (EEA) countries. IQ Option offers further protection to clients membership of the Investor Compensation Fund and holding client funds in segregated bank accounts.

These details are confirmed on their website, as shown below.

 

Account Opening

IQ Option provides three different trading accounts. All of them are in line with ESMA regulations. These are quite two quite standard retail accounts and one professional account.

ACCOUNT OPENING

Opening an account with IQ Option is simple. The client can click the Sign-Up button on the broker’s homepage and start to trade. Traders can switch between a practice account and live account. By Clicking on the Trade Now option, the client will open the IQ Option trading platform.

Also, users will be sent an email to verify their registered email address via email. Once this is confirmed, users are asked to confirm their phone number, personal details, and trading experience.

Users must fill out the forms before any deposits are made. However, these verification
processes can be done at any time.

To access the personal IQ Option member’s area, users can click the face icon on the top right of the website. This will pop up on the right side of the page. There, users can view balances, deposit, trading history and withdrawal instructions, etc.

IQ Option’s offering and account opening processes are user-friendly and easy to understand. Every account is in line with ESMA regulations. This also includes the free use of an IQ Option Demo Trading Account.

However, the broker does not accept clients from Australia, Belgium, Canada, Iran, Israel, Japan, Latvia, North Korea, Palestine, Russia, Sudan, Syria, or the USA.

Deposit and Withdrawals Options

IQ Option grants its users a variety of ways to deposit funds into a trading account. It can is done through Neteller, Sofort, Skrill, PayPal, Visa, WebMoney, bank wire transfer and via Visa / MasterCard or any credit card. Deposits are commission-free. Traders can deposit funds directly from the member’s area by clicking on the Deposit tab.

IQ OPTION: DEPOSIT and withdrawals

They mostly range from instant to 1-3 business day deposits. The broker provides a wide range of ways to withdraw funds with the minimum deposit being 10 EUR/GBP/USD. However, commissions and the processing times differ depending on the method chosen.

Generally, IQ Option withdrawal is commission-free. The exceptions are bank wire transfers. There are also certain minimums to abide by as listed above. Web & Desktop Trading Platforms

 

Trading Platform

The IQ Option clients can reach the trading platform via web or desktop IQ option download for PC and Mac. To download the platform, users need to select the Download the App button on the broker’s homepage.

TRADING PLATFORM

The design is user-friendly. However, the order functionalities are quite limited and challenging, compared to MetaTrader and cTrader.

Mobile Trading Platforms

The IQ Option mobile trading app is easy to use, offers the same level of functionality as the web and desktop version, making it suitable for both beginner and advanced traders.

MOBILE TRADING PLATFORMS

IQ Option Tradable Products

IQ Option offers a wide range of asset classes for traders. It includes CFD trading on 64 Forex pairs, 186 Stocks, 25 ETFs, 10 Cryptocurrencies and 5 Commodities. IQ Option also offers Binary and Digital Options trading on 56 different markets. However, this is only available to professional clients. Trading costs such as spreads and overnight funding (swap) rates vary depending on the traded instrument. For example, when logged in to the broker’s trading platform the spread on EUR/USD is just 1.3 pips.

IQ OPTION TRADABLE PRODUCTS

 

Trading Features

IQ Option’s proprietary trading platform has no additional downloads to add more features. There are additional trading features, such as automated trading or social trading. However, professional clients can use Binary and Digital Options trading products. IQ Option likely to be appreciated by binary option trades .

The users can also access a live chat option in different trading rooms. These include:

  • Stocks Chat
  • English Chat
  • Forex Chat
  • Crypto Chat

Commissions & Spreads

The trading fees in IQ Options are the same for both retail and professional traders. Even though Trading Fees and Hours page, not all fees are listed.

COMMISION SPREADS

Usually, the broker offers commission-free trading. In addition to a broker markup, IQ Option has a variety of spreads and swaps.

Forex Trading

Forex trading CFDs is commission-free with variable spreads and swap fees. The broker gives a detailed breakdown on their website. The user will find information on average spreads, trading hours, and swap rates for each individual Forex pair.

Commodities Trading

IQ Option offers commission-free trading on commodities. It also is with variable spreads and swap fees.

Stocks Trading

The broker grants their clients commission-free trading on Stock CFDs, with variable spreads and swap fees.

Cryptocurrency Trading

Commission-free trading on crypto, they are also with variable spreads and swap fees.

However, there are other fees to be aware of when trading with IQ Option.
•Verification account closure fee is up to 5 EUR.
•Dormant account fees, charged monthly, up to 10 EUR.
•Exchange fees charged by banks or payment service providers for deposits and withdrawals.

Bonus & Promotions

Currently, it does not offer any bonus or promotions. ESMA (European Securities and Markets Authority) regulations restrict EU brokers from these kinds of offerings. This is the reason why IQ Option does not currently have any.

 

Customer Support

IQ Option offers 24 hours a day, seven days a week customer support via Phone, Live Chat, Email, Telegram and Social Media in English, Portuguese and Spanish.

CUSTMER SUPPORT

Research

IQ Option offers Users to access a wide variety of up to date research tools and articles straight up from the website. The broker offers an impressive Economic and Earnings Calendar for Stock traders.

Users can also research stocks through the broker’s Stock Collections separated by Sector and Industry. Traders can also access impressive information on individual companies. All of these features are ideal for both beginner and advanced traders.

Trader Education

IQ Option offers traders access to the broker’s Ultimate Trading Hub. It has detailed videos and information on a variety of topics.

TRADER EDUCATION: trading tutorials

Beginner and advanced trading topics are covered in the video IQ Option tutorial section. The Market News and Crypto Digest sections contain the most interesting videos and are quite up to date with recent market action.

CATEGORIES

IQ Option Trading Experience

IQ Option provides a simple and user-friendly trading experience.  It offers a relatively easy account opening process for all Retail and Professional clients. The IQ Option broker grants traders the ability to trade on 345+ tradable assets across Forex, Commodities, Cryptocurrencies, Stocks, and ETFs on a commission-free basis. Unfortunately, they do not have trading on Indices.

There are no offers on third-party platforms, like MetaTrader or cTrader. However, IQ Option provides a user-friendly proprietary trading platform that is compatible with PC, Mac, Web, Android or iOS systems. It offers a wide range of features such as market analysis, one-click trading, etc. Advanced traders may find some order functionality limited. In the end, the mobile trading app offers a lot of features compared to other mobile trading apps.

 

IQ Option Review Conclusion

The broker is regulated. That is a fact. However, many client call the broker dishonest and scam. Option offers trading on more than 345+ tradable assets across Forex, Stocks, Commodities, Cryptocurrencies, and ETFs but no Indices at this moment. The IQ Option trading platform is unique.

IQ Option Advantages

  • Regulated by CySEC
  • Negative balance protection policy
  • Segregated client funds
  • 345+ tradable assets: Forex, Stocks, Commodities, Cryptocurrencies, and ETFs via CFDs
  • 24/7 customer support
  • Up to date technical analysis blog

Considerations

  • No indices to trade on
  • MetaTrader or cTrader platforms not offered
  • Binary and Digital Options only for professional clients

All in all, we can say without any doubt that IQ Option is a full-featured platform. It offers great
value, even though it is new in the industry of trading. It operates in around 200 countries and
has the highest reputation in the industry of trading.
Nevertheless, the lack of the industry standard MT4 platform might be negative for experienced
traders.

So, if you want to trade with this stabile brokerage company IQ Option is an intelligent choice. It
is stable and most traders are satisfied with this company. So, we wish you luck and welcome
you to provide any suggestions or corrections.

We would advise to be cautious and before trading, check out additional information about this broker.

Overall
3
  • Support
    (3)
  • Platform
    (3)
  • Spread
    (3)
  • Trading Instrument
    (3)
Comments Rating 2.14 (165 reviews)

Get the latest economy news, trading news, and Forex news on Finance Brokerage. Check out our comprehensive trading education and list of best Forex brokers list here. If you are interested in following the latest news on the topic, please follow Finance Brokerage on Google News.



You might also like

165 Comments

  1. Jayden Northcote October 25, 2021
  2. Amber Mitchel October 20, 2021
  3. Charlotte Penton October 18, 2021
  4. Austin Tishler October 13, 2021
  5. William Beeston October 11, 2021
  6. Benjamin Schmidt October 6, 2021
  7. Gemma Osborn October 4, 2021
  8. Beau Tennant September 29, 2021
  9. Adrienne Montminy September 27, 2021
  10. Jesse La Trobe September 22, 2021
  11. Maria Fenstermacher September 20, 2021
  12. Cooper Selwyn September 15, 2021
  13. Bella Ciantar September 13, 2021
  14. Amelia Vidal September 8, 2021
  15. Amber Reeve September 6, 2021
  16. Bronislaw Ermakova September 1, 2021
  17. Anna Warnes August 25, 2021
  18. Yaroslav Kruglova August 23, 2021
  19. Silke Bumgarner August 19, 2021
  20. Eric Seiler August 17, 2021
  21. Mario Egger August 11, 2021
  22. Lola Allum August 9, 2021
  23. Melanie Maur August 4, 2021
  24. Leo Mironov August 2, 2021
  25. Maria Rothstein July 28, 2021
  26. Guzel Loginova July 26, 2021
  27. Muslim Denisov July 21, 2021
  28. Ellie Peake July 19, 2021
  29. Matthias Schmitt July 14, 2021
  30. Lolita Shubina July 12, 2021
  31. Zara Quong July 7, 2021
  32. Molly Felton July 5, 2021
  33. Lily Smithers June 30, 2021
  34. Catherine Yermakova June 28, 2021
  35. Sven Schultz June 23, 2021
  36. Suzie March 29, 2021
  37. Jai Goodwin March 11, 2021
  38. Jeanne Nekrasova March 10, 2021
  39. Charles Kneebone March 8, 2021
  40. Leo Kirillov March 1, 2021
  41. Phoebe Cowley February 24, 2021
  42. Claudia Theissen February 22, 2021
  43. Jesper Lagrange February 17, 2021
  44. George Tildesley February 15, 2021
  45. Camilla Yudina February 10, 2021
  46. Chappell Turgeon February 8, 2021
  47. Philippe Beaudouin February 3, 2021
  48. Skye Watkins February 1, 2021
  49. Valerie Bazhenov January 27, 2021
  50. Flordelis Huppé January 20, 2021
  51. Stepanida Sokolova January 18, 2021
  52. Niklas Weissmuller January 13, 2021
  53. Tim Gerber January 11, 2021
  54. Luca Morshead January 4, 2021
  55. Pauline Louis December 23, 2020
  56. Rima Ershova December 21, 2020
  57. Yuna Tokareva December 17, 2020
  58. Frida Yefremova December 15, 2020
  59. Swen Beike December 10, 2020
  60. Vasilisa Korovina December 8, 2020
  61. Jennifer Beckenbauer December 1, 2020
  62. Jonas Beckenbauer November 26, 2020
  63. Sara Baier November 24, 2020
  64. Lucas Baumgaertner November 19, 2020
  65. Katrin Ackermann November 17, 2020
  66. Porter LaGarde November 13, 2020
  67. Ralph Weiss November 10, 2020
  68. Ebony Deane November 5, 2020
  69. Sophia Wulf November 3, 2020
  70. Diana Baecker October 29, 2020
  71. Andrea Schweizer October 27, 2020
  72. Mikayla Spaull October 22, 2020
  73. Logan Stevens October 20, 2020
  74. Ines Neustadt October 16, 2020
  75. Alyssa Gilchrist October 13, 2020
  76. Natalie Penton October 8, 2020
  77. Doreen Freud October 6, 2020
  78. Sophie Gates October 1, 2020
  79. Claudia Burger September 29, 2020
  80. Julian Field September 24, 2020
  81. Mary Schomburgk September 22, 2020
  82. Jayden Babbidge September 17, 2020
  83. Erembourg Bérard September 15, 2020
  84. Will Frater September 10, 2020
  85. Amelie Herington September 8, 2020
  86. Caleb Eumarrah September 3, 2020
  87. Aiden Sulman September 1, 2020
  88. Julian Buzacott August 27, 2020
  89. Maik Barth August 25, 2020
  90. Adam Butler August 20, 2020
  91. Katja Amsel August 18, 2020
  92. Marlon Martel August 13, 2020
  93. Tobias Zimmermann August 11, 2020
  94. Evdokim Butusov August 6, 2020
  95. Lucas Levasseur August 4, 2020
  96. Tanja Grunewald July 30, 2020
  97. Barbara Belova July 28, 2020
  98. Andrew Ankudinov July 23, 2020
  99. Patricia Barrientos July 21, 2020
  100. Thomas Berg July 16, 2020
  101. Esperanza Angélil July 14, 2020
  102. Yolanda Nikitina July 9, 2020
  103. Arnou Routhier July 7, 2020
  104. Lina Seleznyova July 2, 2020
  105. Anna Yevdokimova June 30, 2020
  106. Xarles Léveillé June 25, 2020
  107. Lola Bidmead June 23, 2020
  108. Flordelis Grandbois June 18, 2020
  109. mira emma June 18, 2020
  110. Fealty Riquier June 16, 2020
  111. Grace Poynton June 11, 2020
  112. Juliana Vasilieva June 4, 2020
  113. Alfred Martin June 2, 2020
  114. Zacharie Beaudouin May 28, 2020
  115. Brock Sumsuma May 26, 2020
  116. Hayden Osburn May 21, 2020
  117. Jerilyn D. Reed May 14, 2020
  118. Roland J. Grijalva May 12, 2020
  119. Marti Etura May 10, 2020
  120. Milena Alexeyeva May 7, 2020
  121. Luis Azevedo Cunha May 5, 2020
  122. Taras Maslow April 30, 2020
  123. Giovana Lima Barbosa April 28, 2020
  124. Igor Bezrukov April 23, 2020
  125. Isabelle Sousa Ribeiro April 21, 2020
  126. Ilona Kharitonova April 16, 2020
  127. Luiz Cardoso Sousa April 14, 2020
  128. Talbot Vincent April 8, 2020
  129. Victor Ignatieff April 6, 2020
  130. Nicodemus Aksakov April 2, 2020
  131. Gustavo Oliveira Azevedo March 31, 2020
  132. Roch CinqMars March 25, 2020
  133. Regina Kuznetsova March 23, 2020
  134. Marisa Ferreira Melo March 19, 2020
  135. Marmion Bourgouin March 18, 2020
  136. Ana Costa Castro March 12, 2020
  137. Daniel Kotov March 9, 2020
  138. Tomás Silva Ferreira March 5, 2020
  139. Rebecca Teichelmann March 3, 2020
  140. Ágatha Silva Sousa February 24, 2020
  141. Beau Rumsey February 17, 2020
  142. Roland Golovanov February 11, 2020
  143. Melanie Klein February 10, 2020
  144. Kayla Pottinger February 6, 2020
  145. Ágatha Silva Rocha January 30, 2020
  146. Vail Vaillancourt January 28, 2020
  147. Heike Naumann January 24, 2020
  148. Odette CinqMars January 22, 2020
  149. Faina Belyakova January 20, 2020
  150. Ambra Beauchamps January 16, 2020
  151. Hilarion Shcherbakov January 14, 2020
  152. Dixie Morin January 10, 2020
  153. Dmitry Ozerov January 8, 2020
  154. Bruno Ribeiro Silva January 6, 2020
  155. Luke Dalley January 2, 2020
  156. Lily Volkova December 30, 2019
  157. Françoise Chabot December 26, 2019
  158. Travers Duranseau December 20, 2019
  159. Oliver Vasiliev December 18, 2019
  160. Kauan Azevedo Alves December 16, 2019
  161. Spartacus Ankudinov December 12, 2019
  162. Gabrielle Azevedo Sousa December 10, 2019
  163. Anne Koertig December 6, 2019
  164. Sylvie Rancourt December 4, 2019
  165. Lydia Bazarova December 2, 2019

Leave a Reply

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spread
    Sending
  • Trading Instrument
    Sending

Financebrokerage