IQ Option – 2020 Honest Review by a Trader – Is It LEGIT

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Contents

IQ Option Review: Complete Beginners Guide

In this IQ Option review, we are going to take a look at one of of Europe’s largest CFD brokers.

This review will give you everything you need to know about the IQ Option platform and whether it is the broker you should consider. We also set up a live trading account which will give us first-hand experience of the broker from the perspective of a client.

Let’s dive right in and put the broker through their paces…

Is IQ Option Safe?

This is probably one of the most important questions for any trader that starts on a platform. Safety of funds and data are essential to a secure trading environment.

In the case of IQ Option, they are a regulated broker that has a licence to provide investment products in the European Union. The licence that IQ Option has if from the Cyprus Securities and Exchange Commission (CySec).

In order to obtain this licence, the broker has to meet numerous minimum requirements as it pertains to client funds, trading products and marketing restrictions. You can read more about CySec regulations on their website.

Client Funds Safety

In the case of client funds, all of the money has to be kept in a secure segregated account that is off limits for broker business. You can think of this as a safe deposit box for all client funds that has to be monitored on a regular basis.

This will ensure that IQ Option will always have a certain minimum of funds should the clients all decide to withdraw. This is very important as it ensures that there is liquidity at the exchange in times of market stress.

Moreover, the CySec regulators also have something akin to deposit insurance at the regulator level. This means that should anything ever happen to IQ Option, your deposit is insured up to a certain level by the regulators in Cyprus.

As is standard with most trading platforms these days, IQ Option is fully SSL encrypted. This means that all trader communication that is sent to IQ option servers is encrypted using AES 256 Bit encryption standards.

Why is this important? Well, hackers.

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There has been a great deal in the news about the tactics of hackers when it comes to man in the middle attacks and phishing. Put simply, an SSL certificates are meant to limit the effectiveness of these attacks and protect the trader.

While we are on this point, it is worth mentioning that you should always make sure that you see the green padlock in your browser address bar (image right) to make sure that you are not visiting a phishing site. This goes for any broker or exchange.

Asset Coverage

IQ Option started out as an option platform that offered traditional assets to trade. These included assets such as stocks, commodities, ETFs and plain vanilla forex. However, they have greatly been increasing their offering of cryptocurrency assets.

In the chart to the right, you can see a list of all the cryptocurrency pairs that are on offer at IQ Option. There are over 12 pairs that you can currently trade and they are always adding more. These include the likes of Bitcoin, Ethereum, Ripple, Dash, Litecoin, Monero, Zcash etc.

Although these may be just perfect for the normal cryptocurrency trader, there are numerous other assets that remain on the legacy platform of spot that you can dabble in. They are listed below:

  • Forex: For those traditional traders who like trading Fiat Forex, you have a great many options for traditional currency trading on IQ option. There are over 188 currency pairs from you to choose from as well as a range of different crosses between the pairs.For those crypto traders who are slightly more advanced, you can use the forex pairs in order to set up a crypto trade in your own local currency. You can open a CFD position on the USD cross as well as that of the cryptocurrency USD cross in question.
  • Stocks: There are also hundreds of traditional stocks that you can trade on the IQ Option CFD platform. You have a selection of over 7,500 stocks to trade that are on a number of different global exchanges. These include the NASDAQ and the FTSE etc.
  • ETFs: ETFs, or Exchange Traded Funds, are collective investment funds that allow you as the investor to trade on an index of stocks. IQ option has some of the most extensive lists of ETF instruments to trade with over 4,288 to choose from.

Trading Instruments

For their crypto, FX and stocks they currently offer these products as Contracts for Difference (CFDs). CFDs are derivative instruments that will pay out the trader based on the difference in price at the beginning and the end of the trading day.

CFDs are also levered instruments which means that you can take a much larger position on a trade than you have available. This could amplify your returns provided that you manage your risk in an appropriate manner.

In terms of the leverage the IQ Option provides with these CFDs, it differs according to the asset class. For example, you have leverage of 10x on Stocks, 20x on Cryptocurrencies and a really punchy 200x on Forex. It goes without saying that you should trade such instruments very carefully.

Of course, IQ Option is known for their option instruments. These include their Binary Option and digital option offerings. These instruments are asymmetric instruments which means that they have a defined loss and profit.

With these instruments, you will lay out a premium for the option trade that will usually be a small premium of the asset in question. You will also have an expiry time and an expiry price. If the option expires in the money then you can make a large return on your investment. If it expires out of the money then you will lose the premium.

Funding / Withdrawal

IQ Option has a number of payment options that traders can make use of. They accept cards from Visa and Mastercard. They also accept funding through numerous online wallets including Web Money, Skrill, Cash U and Neteller.

For those who would prefer to fund their account through a simple wire option, they also have that option. This will usually take a bit longer than a deposit via card but the fees will be lower for larger amounts.

For those traders who are merely starting out trading, the minimum account funding size is a mere $10. This will give you access to the real account (explained below). Payments that are made via wire can take a bit more 2 days and this depends on where you bank is located.

They also claim that you can withdraw instantly with no questions asked. They state that these can be withdrawn in under 24 hours and that you can process any withdrawal amount that you would like.

We wanted to test this so we opened an account at IQ option and deposited $100. Our deposit was a wire payment and took about 1 day to arrive (our bank is in the EU). We then requested a withdrawal of $10 after placing a few trades.

The team at IQ option told us that we still had to verify our account. After verification went through, our funds were indeed sent and took a little over a day to hit our account (less wiring fees). One thing that the trader has to consider is that they can only withdraw in the same manner through which they funded.

Customer Support

Customer service is something that is often in short supply among brokers and exchanges. This of course makes sense given the immense amount of people who want to invest and the limited number of exchanges where they can do this.

Hence, we wanted to test the customer support response times and effectiveness at IQ Option. We did this initially in the verification phase when we were waiting on our documents. For KYC purposes, IQ option required our proof of identity and address.

We sent our docs off and they took about 2 days to verify. During the period we send out a number of support tickets on the platform as well as corresponded with them on email. Response times were about 2 hours on average.

While these response times are not the best we have encountered, they are definitely below average. We also have to take into account that IQ Option has millions of accounts at the moment which is considerably more than all of the other brokers and exchanges on the market now.

There also seems to be a dedicated phone number for the team at IQ Option. This is not something that one often sees at exchanges or other CFD / Stock brokers in general. It gives a slight personal feel to the trading experience.

Jurisdictions & Languages

As mentioned, IQ Option is owned and operated by a company in the European Union. They are also a registered financial services provider in Cyprus with the registration number of 247/14. This means that they are legally allowed to take European clients. These clients will also have full protections afforded by CySec.

IQ Option has also spent a great deal of time translating their website and platform. For example, they currently have support for up to 13 different languages.

So that these traders could feel comfortable trading in a balance of their local currency, IQ Option allows funding in GBP, USD, EUR and the following other currency groups: RUB, IDR, MYR, Yuan.

In terms of the local laws, there are some countries that they are not operating in. Traders from the following countries unfortunately cannot make use of their services: The USA, Canada, Israel, Palestine, Australia, Russia, Syria, Iran, Japan, Belgium.

Demo Account

One of the great advantages that we found out about IQ Option was their free demo accounts. Unlike other exchanges and brokers, IQ option gives the trader $10,000 of demo funds that they can use to test out the platform.

They can trade on the demo platform as long as they like and there are no time restrictions. If you have depleted the practice funds then you can always have it replenished. This is a great way for new traders to test out their skills before they invest any live money.

You can also do this with practice funds without having to give over any personal information to start. Hence, you can quickly and easily test the platform without worrying about having to hand over any phone numbers or identity documents.

Live Accounts

Once you are satisfied with the trading platform and are comfortable with your trading skills, you can move onto a live account and invest your real funds. There are two types of accounts at IQ Option for you to utilise. They are the Real account and the VIP account.

  • Real Account: This is the entry level account at IQ Option and only requires a minimum funding amount of $10. With this account, you have access to over 70 asset to trade across a range of asset classes. This will have exactly the same platform functionality as the demo account.
  • VIP Account: If you fund more than $3,000 then you will be placed into the VIP category. This has added benefit of a VIP account manager who is on hand to answer any questions that you may have with regards to the platform.The VIP account also allows traders to gather monthly reports on their trading record. This is put together by the analysts at IQ Option. These reports can help the larger traders to properly analyse their returns and make sure that their trading strategy was appropriate.

When we did our tests, we did it on the live trading account and not on the VIP account. Hence, although we have no reason to doubt the benefits, we cannot verify the exact customer support that you are likely to get from an account manager.

IQ Option Trading Platform

One way in which IQ Option really stands out is their state of the art trading technology. Apparently, there are over 100 developers who are constantly working on the platform in order to improve its efficiency. They have also consulted traders who have collaborated with these developers.

We went over the platform and were quite impressed with how functional it really was. Surprisingly, unlike numerous other platforms, it did not sacrifice the layout or simplicity in order to integrate the range of sophisticated trading tools available.

These tools include numerous charting packages such as technical indicators and studies such as Bollinger bands and moving averages. This could no doubt be a great advantage for all of the technical analysts out there.

There are also numerous layout options that are available on the web interface. This is achieved through the use of widgets which can be positioned to the trader’s preference. This is helpful for those traders who would like to be able to trade on numerous different assets simultaneously.

What is also great to note is that IQ Option offers its platform not only as web based platform but also as computer based programs. You can download the proprietary IQ Option Mac or Windows trading software. This will connect to the IQ Option infrastructure.

We tried these out and they were much faster than the web based platform. This makes sense as our trading instructions were going straight to the servers at IQ option and not through a website interface first. Moreover, there was no browser software to slow down our experience.

Platform Functionality

While the IQ Option platform no doubt looks impressive, the most important consideration is it’s functionality. No matter how impressive a platform’s UI is, the tools at your disposal are what make or break the trade.

Let’s run through some of the most important functions and tools that you can use on the platform.

Like most trading platforms these days, you will have a range of different order types that you can submit when trading. On the IQ Option platform, these will differ according to the asset in question.

For example, when trading on IQ Option, there are a number of short/medium/long term strategies with a variable return utilizing the following order types:

  • Multiplier: The multiplier is a coefficient that allows you to increase both the return on an investment and the level of risk.
  • Stop Loss: This allows you to set a maximum loss that you are willing to accept. When a stop loss is triggered, it closes the trade.
  • Take Profit: A Take Profit works very much like a stop loss expect on the opposite side of the trade. It will close out the trade once a desired profit has been realised.
  • Trailing Stop:Trailing Stop makes ‘auto-close at loss’ operate dynamically and move with price in the desired direction.
  • Purchase at (Pre-Order): This allows you to set a target price to enter the market.

Stop Loss Tools

Apart from just having the stop loss order types, IQ Option has some of the most diverse selection when it comes to setting your stops / take profits.

This is a major departure from most of the other platforms where you merely choose an asset price for your stops. Traders can utilize the following functionality:

  • Take Profit
    • Take Profit at X% Profit.
    • Take Profit at Numerical Profit X.
    • Take Profit at Asset Price X.
  • Stop Loss
    • Stop Loss at X% Loss.
    • Stop Loss at Numerical Loss X.
    • Stop Loss at Asset Price X.
  • Trailing Stop (Dynamic Stop Loss)
  • Use Balance to keep positions open.(if exceeded stop loss)

IQ Option Charting

IQ Option has a wide variety of charting options tailored to suit the needs of any trader. There are the following five different options to choose from:

  • Area: Shows price as a line with a shaded area underneath.
  • Line: Shows price as a line without a shaded area underneath.
  • Candles: Shows a period of time, the price at the start and end of the period, and the volatility over the period as solid colours.
  • Hollow Candles: Shows a period of time, the price at the start and end of the period, and the volatility over the period as hollow positive candles and solid negative candles.
  • Bars: Shows a period of time, the price at the start and end of the period, and the volatility over the period as a vertical line with open and close prices as horizontal lines.

IQ Option offers 13 different technical indicators to choose from.

Indicators are the backbone of technical analysis and are used by day traders almost religiously. They are extremely useful when it comes to spotting trends, mapping momentum and identifying potential retracements.

IQ option has 13 different indicators that you can activate on the charting interface. These indicators are listed below with a brief explanation as to their use.

    • Moving Average: Moving Averages are a group of technical indicators that are commonly used to determine the current trend. The most popular averages are the Simple Moving Average(SMA), the Weighted Moving Average(WMA), the Exponential Moving Average (EMA) and the Smooth Simple Moving Average(SSMA). Moving Averages are used in other technical analysis indicators such as Bollinger Bands, Alligator, MACD and Awesome Oscillator.
    • Volume: The Volume indicator shows what amount of the selected asset was sold and purchased within a certain period of time. This is one of the few indicators that is not based on asset price. A high volume indicates a high interest in the asset at its current price and vice versa.
    • Bollinger Bands: Bollinger Bands belongs to the category of ‘trend indicators’, They reflect the dynamic range of the price movement. With their help, many traders determine the relative position of the price movement.
    • Alligator: The Alligator is an indicator for assessing the market movement direction and filtering no-trend-periods (Side Band). Its main purpose is to display the signal of an emerging trend. It is worth noting that this indicator is applicable to almost all time intervals and therefore can be considered cross functional.
    • RSI: The RSI (Relative Strength Index) is used to determine the strength of a current trend and its possible reversal points. RSI compares the absolute asset price growth within a certain time period with the total price reduction within the same period. The result is visualized as curve on the chart with a range of 0 to 100%.
    • MACD: The MACD (Moving Average Convergence Divergence) shows the convergence and divergence of moving averages. This indicator is a visualized ratio of two exponential moving averages. Its goal is to determine the strength and direction of the trend. The signal line in the indicator window is a simple moving average of the indicator values.
    • Parabolic SAR: The Parabolic SAR is based on the price chart and displayed as a series of small dots. In terms of purpose, it is very similar to moving averages; the only difference is that Parabolic SAR moves with higher acceleration and changes its position depending on the price. When the trend is ‘Bullish’ (Upward), the indicator is below the prices; when the trend is Bearish (Downward) the indicator is above the prices.
    • Stochastic Oscillator: Stochastic Oscillator (Stoch) indicates the current position of of the price in relation to the extrema within the selected period and is expressed as a percentage from 0 to 100. It gives signals of overbought or oversold conditions and helps identify at what points the market is ready for a reversal.
    • Awesome Oscillator: The awesome oscillator is visualized ratio of two Simple Moving Averages (SMA’s)[1x Fast 1x Slow] in the form of a bar chart, Crossing the baseline here has the same effect as crossing SMA indicators on the price chart. This indicator shows the completion and development of new trends. Many traders consider Awesome Oscillator to be a simplified version of MACD.
    • ATR (Average True Range): Unlike most indicators, ATR cannot predict the movement direction. It displays exclusively the current volatility of the trading asset within the selected period. Moreover, ATR determines the quote change rate. Active movement of ATR indicates an increase in the range of candlesticks.
    • ADX (Average Directional Movement Index): The Average Directional Movement Index (ADX) is always ahead of the curve and shows the strength of a trend (upward/downward trend or weakening) prior to the start of the price movement. ADX indicator can also be used to identify potential change in market volatility.
    • Fractal: Fractals are a series of at least five Japanese Candlesticks. The central candlestick is always higher or lower than the surrounding ones. The main purpose of Fractals is to display local minima and maxima of the price curve and indicate market reversal points.
    • CCI (Commodity Channel Index): This indicator belongs to the class of oscillators that measure the speed of a price movement. CCI is designed for determining the upcoming market reversal. CCI can be used to assess the strength of the current trend or detect extrema. In general, CCI is very similar to ADX and can also be used as a tool to determine the market trend, as the CCI change rate depends on the strength of the current market trend.

IQ Option Mobile Trading

One thing that we have noticed on a number of exchanges and platforms is the lack of any mobile trading functionality. This can be disadvantageous for those traders who would like to monitor their positions when they are away from their PCs. Moreover, markets can move really quickly and time is often of the essence.

IQ option has developed their trading technology on mobile trading devices. They have apps on the iOS apple store as well as on Google play as an android version. They are free to download and you will connect your account to the app when you have it on your device.

Although the functionality has been scaled down in order to not compromise the visual effects of the app, there is still quite a bit of functionality with some charts, indicators and pair choice. It would indeed be easy to manage a number of different trades simultaneously on the device.

The only issues that we encountered were that trades were placed with a slight delay from the app. This could probably have been down to the network connection in the area that we were testing. Hence, if you would like to avoid any delays in execution then you should make sure that you are connected to a Wi-Fi on your phone.

IQ Option Trading Competitions

Something else that we came across that really intrigued us was the IQ Option trading competitions. These are essentially head to head trading competitions between a number of the users on the platform with prizes on offer.

As traders are naturally competitive to their core, this is a great opportunity for them to test their skills with their fellow traders. These competitions require a small fee to join and usually last for about 30 minutes. Hence, these are more for day crypto traders than those who trade using fundamental analysis.

Prizes are often cash prizes that can be multiples of your initial buy in amount. When you enter the competition you will be given the demo funds to trade with and the trader who was able to make the most returns in the period will win the loot.

It is important to note, however, that these competitions will require a certain minimum of traders to enter before the competition gets underway. If they are not able to garner the right amount of traders then the daily competition will be called off.

While this will no doubt bring an angle of fun to the trading, we found it slightly gimmicky. However, for those who want have a shot of making 100x their buy in amount while testing their skills, it could be a great option.

Earning OTN Tokens

Specifically for the cryptocurrency traders on IQ option is the option to earn OTN tokens when you are trading. These are essentially tokens of the Open Trading Network that are being given to traders through their weekly “emissions”.

The Open Trading Network aims to be the first platform that will offer cross-chain technology that will unite all of the blockchains and allow for a large decentralised crypto exchange. They are making it easier for people to exchange their various tokens. You can read more about it in the OTN whitepaper.

We are currently in the distribution phase of the OTN tokens. This is where the Open Trading Network will partner with a number of brokers such as IQ option to distribute OTN among the community. The expected launch of the OTN wallet will be in March 2020 with support for 7 tokens in total.

They are given to traders based on how often they trade so those traders who have traded more in the week are entitle to more OTN tokens. Hence, not only could you get the benefit of trading cryptocurrency and making returns from that but you could get additional tokens.

The OTN tokens can also be sold on a few centralized exchanges such as Cryptopia and HitBTC.

IQ Option Affiliate Program

If you are one of those traders that has many people that you would like to recommend to IQ option then you can make use of the IQ Option Affiliate program. This is essentially a commission based structure that will pay you based on the trading fees that your referral will generate.

They also operate with a certain tiered structure where more signups brings you more rewards. This means that if you are able to bring in a certain amount of business, your benefits as an affiliate on the IQ option platform will increase.

When you start out promoting CFDs at IQ option as an affiliate, you will get a 50% “revenue share” deal with the broker. What this means is that for the lifetime of the client, IQ Option will pay you 50% of what they earn.

This makes it look much better than many of the other alternatives that still have relatively low partnership agreements with their affiliates (10-20%). Moreover, given that these are lifetime agreements, you will receive it as long as your referral is trading at IQ Option.

How Does it Work?

You will have to sign up for an affiliate account at IQ option. Once this has been done you will be assigned an affiliate manager. They will then give you everything that you need to know about the platform as well as ask you to complete affiliate KYC and compliance.

Once you have been approved, you can start promoting IQ Option with the affiliate link that they provide. You will start off on the first level of affiliate which will give you the 50% revenue share of the broker’s profits.

You will then accrue earnings from IQ option and based on the performance and the returns of your promotions you could advance to the next level which has other benefits such as instant withdrawals as well as slightly higher commissions.

The IQ option affiliate dashboard is really advanced and allows you to track the traffic from your referrals as well as who has signed up and the amount that your affiliates are trading. This will give you a nice picture of how your affiliate performance is going.

One thing that we have noticed among cryptocurrency exchanges and brokers that offer affiliate programs is the lack of accompanying promotional material. They often expect the person to create their own banners and videos to promote their brand.

The affiliate program at IQ Option provides a range of banners, videos, scripts and iframes that allow you to most effectively market the product. They can all be accessed in the IQ Option affiliate dashboard and you can search for them based on instrument, asset or language.

Affiliate Program Reputation

There are many brokers and exchanges that will happily take your referrals and then keep your fees when it comes to time to pay you your funds. Given the reputation of IQ Option and their regulated status, they have to make sure that everything is completely 100% above board.

You are only allowed to promote their product in the most ethical way and they regularly monitor your marketing materials and traffic to make sure that you are abiding by their terms and conditions.

Given their reputation, IQ option is probably one of your best bets when it comes to receiving your commissions. They will pay out twice monthly and if you are on a level that allows you to withdraw instantly, they will honour that too.

In terms of payment options, they are able to pay you in much the same way as the traders in that you can either use wires, Neteller, Skrill or the like.

Customer Complaints of IQ Option

We would not be able to complete a full review of the IQ Option if we did not take a look at the reputation that the company has online. There are a number of people in forums who have made claims about IQ Option and their customer service.

Most appear to be clients who did not want to comply with the KYC procedures when they wanted to withdraw. IQ option allows clients to fund their accounts before they have requested all of the documents for the client. This means that there could indeed be some frustration on the part of the clients.

However, these are similar procedures at a number of the largest Bitcoin exchanges where funds cannot be withdrawn until you have sent them the correct KYC docs. These are even for a number of the exchanges that even do not have Fiat withdrawal functionality.

We also found a number of positive IQ option reviews so it seems as though there was not really an established trend when it comes to the reputation of IQ option.

Is IQ Option the Broker for Me?

Our comprehensive review has found that IQ Option is no doubt a great option for those traders who want to trade derivative instruments on a range of different cryptocurrency pairs, Forex assets, stocks and ETFs. We were really impressed with the trading platform as well as the extension of device applications.

The customer support was also above par and our queries were settled in a reasonable amount of time. The only time that we really needed them was on verification which is exactly when most traders will need them. Having the telephone number there also adds some confidence for the trader. We must not forget that IQ Option has been adding millions of accounts while other exchanges have been turning them away.

Apart from the general trading experience, we found the option to earn OTN tokens a great benefit for those day traders who did volume. These can essentially be considered as free “Air-drops” where you are rewarded for trading.

One of the most important factors for us, and no doubt many other traders, is the fact that they are fully regulated and client deposits are safe. If there are any liquidity issues at IQ option then European regulators will back the client up with the guaranteed deposit policies.

Of course, there are some things that IQ option can do to improve their service. For example, they can include a number of other cryptocurrency Altcoins that are currently in the top 100. They could also consider adding other Fiat / Crypto crosses such as the GBP or EUR for example.

It would also be great to see if IQ Option will eventually allow API access to the platform so that those traders who like to code trading algorithms can link up to it. We hope to see developments on this sometime soon.

Yet, for those traders that are in a jurisdiction that they cover, we can definitely recommend IQ Option as a reputable CFD broker.

Risk Warning: Trading CFDs and Options could put your capital at risk. Always manage your risk appropriately

IQ Option review – What to expect from the broker

We have tested one of the world’s fastest-growing online trading platforms, IQ Option. Keep reading to find out everything there is about the broker!

IQ Option offers a unique trading platform for FX Options and CFDs on forex, cryptocurrencies, stocks, indices, commodities and ETFs. Professional clients or traders outside the European Economic Area can trade there also binary and digital options. The CySEC regulated IQ Option company that allows real trading starting at $10 appeals to new and existing clients mainly with its ultimate trading platform, and competitive fees (spreads). New traders can set up a FREE Demo trading account at any time.

General Risk Warning: 87% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Basic information about IQ Option

  • Website:https://iqoption.com/en/
  • Trading instruments: FX Options, CFDs on forex, cryptocurrencies, commodities, stocks, ETFs. Professional or traders outside EEA can also trade binary and digital options
  • Minimum deposit: $10
  • Minimum investment: $1
  • Demo account: Yes, free of charge, reloadable. No deposit required.
  • Methods of deposit and withdrawal: Skrill, Neteller, WebMoney, Bank Wire Transfer, Credit/debit cards
  • Operator: Iqoption Europe ltd. (Cyprus). Regulated by the CySEC.

Unlimited Free Demo Account in 5 seconds

The most frequently used account when first trading on the IQ Option platform is the demo account. It allows you to test whatever you need – the platform, strategies, etc.. This account is cost-free, the broker does not require any initial deposit. Once you establish your demo account you will be provided with $ 10 000 play money to trade with for as long as you need since the demo account is not time-limited. You are also granted access to the broker’s extensive educational centre. I have exported for your convenience a registration form that can be used to open a free IQ Option practise account, here it is:

(87% of retail CFD accounts lose money)

Real Account can be opened with as little as $10

The IQ Option real account requirements are slightly different in comparison to the accounts of other brokers. The minimum deposit is as low as it can get – $ 10. The lowest possible investment is only $ 1, so if you wish to trade small amounts you are free to do so. The advantage of these very precisely adjusted investments is that you can easily follow your money management strategy which is very hard to do using other platforms that usually require a minimum deposit of $100, $200 or more.

International support, account currency, prohibited countries

IQ Option is an international company that opens its doors to traders from around the world. They provide support in the 14 following languages – English, French, Italian, Spanish, Portuguese, Chinese, Korean, Arabic, German, Turkish, Thai, Hindi, Urdu and Norwegian. On top of that, clients who choose this broker can finance their account not only in USD, GBP, or EUR, but also in: Brazilian Real, Malaysian Ringgit, Chinese Yuan, Indonesian Rupiah, Vietnamese Dong, South African Rand, Philippine Peso and Thai Baht.

IQ Option accepts clients from all countries with the exception of Australia, Belgium, Canada, Iran, Israel, Japan, Latvia, North Korea, Palestine, Russia, Sudan, Syria, Turkey, and the USA.

IQ Option Trading Platform – Basic information

The IQ Option trading platform offers a very fast, clear and modern solution for its clients. The trading platform can very well stand-alone as the only tool for your analysis as it features all the things a trader needs to have at his hand. That includes all the popular indicators (RSI, BB, Stochastic, etc.), graphical tools (trend, horizontal and Fibonacci lines…), historical quotes and of course a multi-chart layout. To stay up to date with the news, traders can use on the platform volatility alerts, market updates, stock screeners, calendars and newsletters.

Currently, there are over 110 video tutorials that traders can use to understand how certain indicators work or to watch the news. The broker also offers an Android/Apple application very similar to the computer version that you can download to your smart device. Regarding the leverage and spreads, they both differ depending on the traded asset.

Assets you can trade on the IQ Option platform

The IQ Option trading platform features a wide variety of trading instruments, these include FX Options, CFDs on forex pairs, cryptocurrencies, stocks, indices, commodities and ETFs. Clients who come from non-regulated countries (Countries outside the European Union) or European traders that are classified as professional traders can also trade binary and digital options. The number of tradable assets tends to change as the broker frequently add new ones to the platform. As of now, there are 17 cryptocurrencies, 87 Forex pairs, 169 Stocks, 21 ETFs, 10 Indices and 6 commodities which can all be traded as CFDs.

IQ Option Chart analysis – Indicators, templates, lines

The IQ Option platform is one of the most sophisticated platforms for fundamental analysis out there. It features nearly 90 indicators and oscillators for you to use on the charts. They are fully customizable, allowing you to change anything from the period (the number of candles/bars on which is the calculation of the indicator based on) to the colour and even thickness of the lines. Some of the available popular indicators also include text or video guides on how to use them when trading.

Once you set to your indicators the setting you want to frequently use, you can create a template. By doing so, you will be able to quickly apply the template to any chart whenever you want.

In total, there are 4 chart types to choose from, the one that is set on default is the line chart. However, there is an option to switch to bars, Heikin-Ashi or to our favourite candlestick chart. Indicators and good-looking charts have their place in fundamental analysis. However, on the foundation of fundamental analysis stand lines that you can use to draw support and resistance levels, trends or other important lines. Fortunately, the IQ Option platform does not forget about graphical tools like basic lines, trend lines, horizontal lines, vertical lines or Fibonacci lines.

Timeframe on the IQ Option platform

To change the time frame of your graphs, you can choose from 18 popular time intervals. They range from 5 seconds to 1 month. There are 3 ways how you can set a timeframe of your chart. The first option is to click on a time period that is featured right below your chart.

Selected 1-hour time-frame

The second way how to choose your timeframe is to click on the time interval button that is situated on the left bottom of your chart. This option can be chosen only if you have a candlestick or bar graph, it does not work for the line chart. Here, you select what time interval should each candle or bar represent. So, if you choose 5 minutes, each candle/bar will represent 5 minutes of market movement. That means the chart at which you will be looking is going to show you the asset movement of the last 3 hours.

The third option is to just simply use the scroll wheel on your mouse. If you scroll up you “zoom-in” and the time-frame gets smaller. Guess what happens when you scroll down :).

Simple way to use multi-chart layouts

In case you want to monitor more than one asset at the same time, you can take advantage of the multi chart layouts that the platform features. Towards this purpose, use the chart layout icon that is situated right next to the IQ Option logo. Once you do that, choose a layout that you wish to use. To change an asset in your multi chart layout, just simply click on its name and select a different one.

Manage your risk with position auto-closing feature

The position auto-closing feature on the platform works as a stop loss and take profit. This tool can be set to a specific profit/loss amount, percentage number or asset price. When it reaches or drops to the figure you specified, the trade automatically closes itself. By using this feature you secure your positions and you know that you will not lose more money than you are willing (or secure your earnings). Recently, IQ Option also added to the trading platform “Trailing Stop” that makes your stop-loss dynamic. A position with activated trailing stop moves the stop-loss threshold up (in case of a BUY deal) or down (in case of a DOWN deal) if the market experiences a trend.

Trailing stop explained on a simple example – Let’s say you buy a stock (CFD) of a company called ABC for $10 and you activate trailing stop with a 10% stop loss. In case the value of the stock dips by 10% the position will close itself and IQ Option returns you $9. If, however, the stock goes up to $20, the trailing stop will come up along with it. Which means when the stock price is at $20, the stop-loss will trigger once the value of the asset is below $18. I would recommend trying this wonderful feature to anyone as it helps you to manage your risks even better than just simple SL.

Market analysis – News, Forex & crypto & earnings calendar

Doing your fundamental analysis is also possible with IQ Option as they feature breaking news and important announcements right on the trading platform. To access them, head to the left menu and click on market analysis. The news is sorted into 4 main categories and comes from high authoritative sources like Investopedia, Yahoo Finance, Forbes, CoinSpeaker and many others. By using this feature, you will never miss important news about the forex, stock, crypto or commodity market.

Leaderboard & Live chat with other traders

If you want to compare your success to other traders on the IQ Option platform, you can. The feature that allows it can be found in the left menu of the trading room and is called “leaderboard”. Here, you will see the gross profit that traders made over the week, the metrics include transactions executed only on real accounts.

A great thing about the stats is that you can monitor your worldwide position as well as the position you have in your country. Unfortunately, the feature shows only the gross profit which means you have no idea how much money the traders lost while achieving their rank. I, therefore, don’t find any special or deeper use for the IQ Option ranking system. It’s just simply a comely feature to look at for fun.

To connect traders on the IQ platform, the company, also created a live chat where traders around the globe share their ideas and achievements. Live chat with other traders is available to all users who have at least a trading volume of $300. There are few general groups that discuss basically anything, no matter the asset type or sector. Discussions on the theme of specific popular assets like Bitcoin, Microsoft stocks, gold, et cetera. are also held on the platform. Sadly, they just don’t have that many participants so don’t expect a big queue of pro traders waiting to spread their ideas.

Which is better? IQ Option web platform vs Windows, iOS and Android applications

The IQ Option trade room can be accessed either via the web-based platform or by using applications designed for Mac OS, Windows, iOS or Android. The web-based platform and Windows application look and function exactly the same. The only difference in the two is according to IQ Option in the speed of the platform which should be up to 5 times faster in the app.

On mobile devices, it is, however, a different story. While the basic functions like opening and closing positions work perfectly fine both on the web platform and Android/iOS app, the interface is not especially friendly on the web platform and operating with graphs is at best complicated. So, if you plan to trade on your smartphone I would definitely recommend downloading the IQ Option app, here is a comparison of the web-based platform and android application.

IQ Option trading hours

Almost no asset is tradable around the clock and some asset types can be actually traded only for a couple of hours during the day. To know exactly when you can trade your favourite asset, I advise visiting the https://eu.iqoption.com/en/trading-hours-and-fees page where this information is disclosed. Market hours of all assets are displayed in the UTC +1 time zone. That means if you are located e.g. in the UK, you live in a time zone that is not 1 hour ahead (UTC + 0) as IQ Option is. So, if you find in the IQ Option trading hours table that the Microsoft stock (CFD) can be traded on Monday from 15:30 to 19:00, you will be able to trade this asset when your clocks display 14:30 – 18:00.

IQ Option fees

It is crucial for each trader to understand what fees IQ Option charges. Unlike some other CFD providers, IQ Option has a no-commission policy, which means there are no fees e.g. for the execution of trades. What the broker will most likely charge you with is the spread and in certain circumstances with the overnight fee. There are, however, also 2 other fees, the inactivity and withdrawal fee. Now we will closely discuss each, so you could fully understand when the fees are charged and how big they are.

Spread for forex and CFDs

The spread fee is the difference between the price for which you buy an asset and for which you can sell it back. IQ Option spreads are not as competitive as at Plus500, but they are still fairly tight. The general rule of thumb is that the more popular asset you trade, the lower the spread is. You can find spread for each and every forex, cryptocurrency pair or stock… in the menu where you pick a new asset. The spread is there, however, displayed in percentage, so if you want to know how many pips the spread is you have to open the asset and have a look at the left bottom corner of the chart.

Major currency pairs EUR/USD 1 pip
Minor currency pairs EUR/GBP 2.9 pips
Exotic currency pairs USD/NOK 48 pips
Stocks BMW $0.132
Cryptocurrencies Bitcoin $281.22
ETFs QQQ Trust $0.348
Commodities Gold $1.12
Indices AU 200 $9

The data were taken on 28.11.2020 at 13:13 GMT+1.

The IQ Option spread is based on the current market conditions which means it changes in real time. The table above is to be used just give you a general idea where the spreads might hover.

Overnight fee

The second expense is an ongoing fee and is charged to every position that is opened overnight. This fee is also known as the swap fee and at IQ Option it ranges between 0.003% – 0.015%, in extreme circumstances up to 0.6%. It is also important to note, that the swap fee is 3 times higher than the normal swap fee from Friday to Saturday. Up to date information regarding how big the overnight fee is for all assets and when it’s charged can be found on the page https://eu.iqoption.com/en/trading-hours-and-fees.

Inactivity fee

The third fee IQ Option charges whenever a user is inactive for a period of at least ninety (90) consecutive days. The charged amount is €50*. Be aware that they charge this fee each month once the account is not active for the above-mentioned time period. In a situation when there are not enough funds on the account to pay this fee, the inactive fee is not charged as your account balance cannot get into negative numbers. Remember, however, that if your account does not have enough resources to pay this fee and stays inactive for 12 months, they will charge a lower amount to cover administrative expenses and close the account completely.

In case you plan to take a break from trading on the IQ Option platform, I would advise withdrawing your funds, especially when there is no fee for almost all withdrawal methods.

Withdrawal fee

The last, fourth, fee which you can encounter with is a withdrawal fee. This one, however, applies only to bank transfers and is 25€*. If you use other payment service providers such as the Neteller, Skrill or Webmoney, then no withdrawal fee is charged to your account.

*or equivalent of this amount in a different currency.

IQ Option leverage for Forex, Cryptocurrencies, CFDs

Each asset category can use different financial leverage. It also differs for traders from regulated and non-regulated countries (and professional traders). Here is a table describing the leverage (up to) of each asset category.

Asset category Regulated countries Non-regulated countries
Major currency pairs 1:30 1:1000
Minor and exotic currency pairs 1:20 1:300
Stocks 1:5 1:20
Cryptocurrencies 1:2 1:100
ETFs 1:5 1:20
Indices 1:10 for HK 50, 1:20 for others 1:150
Commodities 1:20 for Gold, 1:10 for others 1:150

The table was updated on 29.03.2020 for which it is accurate. As regulated countries are regarded countries from the European Economic Area.

Why is leverage different for traders from regulated and non-regulated countries?

The obvious question after going through the table above, right? Here is the deal. In the EU, all regulated brokers have to follow the new ESMA law which states the maximum leverage for each asset category a broker can offer. In non-regulated countries, a law that would set the maximum leverage does not exist and therefore the broker can make this decision on its own. We all know that leverage can multiply our winnings as well as our losses and because ESMA wants to at least somehow limit the risk that EU clients take, they established this law.

Where do I find leverage on the IQ platform? oh, Multiplier!

If you wonder where do you find leverage on the IQ Option trading platform, head to the main tab where you select a new asset, here if you choose e.g. forex you will see several currency pairs looking similar to this example:

Now, you might have noticed that there is no such thing as leverage on the picture above, that is because the broker calls it as a multiplier, but it is exactly the same tool.

IQ Option – Financing your account

Once you decide to trade with real money, you can use the following deposit and withdrawal methods when financing your account: Credit and debit cards, Neteller, Skrill, Webmoney, bank transfer and Paypal (which is available only to traders from the European Union). In certain jurisdictions, IQ Option tends to support also some additional deposit and withdrawal methods which are popular in that given country (for example Advcash, WeChat Pay, AstroPay…)

Remember that the same method you use for your deposit also has to be the same one you use when you request a withdrawal.

I would personally advice using e-wallets for funding your account as there are no fees for both deposits and withdrawals + the deposits are processed instantly. Credit and debit cards are also a good alternative but remember that you will be able to withdraw to the card only the total amount of the deposits you made over the last 90 days. It is so because card withdrawals can be processed only as refunds. That means all amounts surpassing your deposits (i.e. your profit) has to be withdrawn to an e-wallet or via a bank transfer.

How to deposit funds

In order to deposit funds to your real account, you need to first go through the verification process (described in detail below). Once your account is verified you are all set and can deposit your desired amount. The minimum IQ Option deposit amount is 10 USD/GBP/EUR.

IQ Option has no deposit fee policy (no matter what deposit method you use). If you, however, deposit via a bank transfer, make sure you know all the fees that might your bank charge you with.

How to withdraw your money

The withdrawal process is pretty straightforward, you just enter the amount you want to withdraw in the banking tab when you are logged in your account. IQ Option charges no withdrawal fees with the single exception of a wire transfer. E-wallet withdrawals are processed in a couple of seconds, wire transfer and card withdrawals are processed within 24 hours. The IQ Option minimum withdrawal amount is $2.

IQ Option account verification

IQ Option is a fully licensed company and as such it must verify the identity of each user before he/she opens a real account. Regulatory bodies (like the CySEC or FCA) implemented this rule because people have complained in the past that brokers don’t let them withdraw their money (because clients did not submit required documents).

The good news is that you only do this once, and then all withdrawals and deposits are quick and easy. The broker has to verify both your identity and your residence, so they ask for the following documents:

  • Identity card, national passport or driving license (to verify your identity)
  • A household utility bill, such as gas, electric, water or landline telephone (but not a mobile phone bill), or a bank statement showing some transactions (to verify your address)

The document proving your address cannot be older than 6 months and your name, as well as your address, have to be clearly visible. If you have, for example, internet banking you will surely find there a statement which you can use to verify your address of residence.

In case you have decided to fund your account via a credit or debit card, you also have to submit a copy of both sides of the card. For your own safety, you are free to cover the CCV number (the three numbers situated on the back of your card). IQ Option needs only the first 6 and the last 4 digits of your card number.

The verification procedure takes 3 business days as the IQ Option support needs to check all submitted documents individually.

IQ Option history & When it all began

The founder and CEO of the company is Dmitrii Zaretskii who laid the first stone of the company in October 2020. IQ Option experienced consistent growth in the number of active clients and trading volume ever since. Here is IQ Option in numbers:

IQ Option Regulation

IQOption Europe Ltd is licensed by the CySEC under the license number 247/14, a regulatory body which ensures that the company follows all the Cyprus and European Union laws and regulations. Furthermore, IQ Option Europe Ltd. is also in the following registers:

  • In the register of FCA (UK’s financial regulatory body) – Reference No. 670182
  • In the register of Consob (Financial regulator of Italy) – Registration No. 0008204/15 (Press Ctrl+F and enter “0008204/15” to find IQ Option in the register )
  • In the register of CNMV (Financial regulator of Spain) – Registration No. 3867
  • In the register of Regafi (Financial regulator of France) – Registration No. 75119
  • In the register of AFM (Financial regulator of Netherlands) – Please visit www.afm.nl
  • In the register of ČNB (Financial regulator of the Czech Republic) – Please visit apl.cnb.cz

IQ Option customer service

In case of any enquiries, you can contact the IQ Option customer service which can be reached out via online live chat (24/7), phone or email. From my experience, I know that the support team replies always very swiftly so you must wait for your answer a maximum of 5 minutes (usually it is rather around 1 minute). Unfortunately, quite often the first guy that they connect me with is not able to provide me with the answer I am looking for. Which means that my questions are either too complex or that the first guy on the live chat is not very experienced. No matter which, I always get my answer even if it means I have to communicate with more people. So, I appreciate that they do everything that is in their power to help me.

The conclusion of our IQ Option review

IQ Option is currently one of the most popular companies among traders as it very recently welcomed its 35 millionth client. One of the biggest advantages that I see in IQ Option is that the trading risk is entirely in your hands. Firstly, it’s because you can use a free refillable demo account without having to make an initial deposit, and secondly, because you can create trades with just as little as $1.

On the other hand, each brokerage company has its drawbacks and IQ Option is not an exception. To me, that is the number of available stocks which hovers now on the IQ platform around 170. You are going to find here a lot of large-cap stocks from the USA, Europe and Canada, but there are only a very few mid or small-cap stocks.

Final verdict: If you are looking for a safe option with a state-of-the-art trading platform, IQ Option is definitely a choice to consider.

I recommend testing the company at least via a free reloadable demo account that can be created within 30 seconds.

87% of retail CFD accounts lose money.

Your review can make a difference to other traders, please leave a comment if you have any personal experience with IQ Option.

IQ Option Review

Introduction

IQ Option was founded in 2020 and has become a universally recognised platform specialising in binary options trading. Their user-friendly platform is proprietary, placing them as the front-runner of all brokers. Although relatively new, it’s obvious to see that they are already at the top of their game, with their impressive yet simplistic website and on-the-go mobile app.

Accommodating 13 different languages, they continue to push themselves to stand out within the online trading market. If you are new to the scene, there is no need to panic; they’re here to not only guide you through the site but also educate each user so that they have all the relevant information to help them make an informed decision about each trade.

Currently, IQ Option offers its traders the highest trading payout amongst the leading binary options firms. While there are an array of special trading features that place them at the top of their game, how do you know if this broker is for you? Do they offer all the benefits of trading that will make your experience the best it can be? We dig deeper into what makes them one of the front runners in online trading.

In this review, you will learn:

    What makes them stand out from the others The different types of accounts available How to trade with their bespoke mobile app

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

Demo Account

The IQ Option demo account allows investors to trial the binary trading world, practising with $1000 money for free. Of course, with this option comes limitations such as only having 13 trading assets available. Other trading restrictions apply, but this is a free demo account, and it educates and helps build the confidence of all new beginners. Benefits include no deposit, no telephone details and no credit information.

Real Account

Aimed at those who have built up their confidence and knowledge through the Demo Account, the Real Account opens up a plethora of different options to users. There are more than 70 trading assets available, and you will have full access to all trading opportunities. Deposits are as low as $10, and traders can compete with other like-minded trading enthusiasts in virtual competitions. Withdrawals are fast and are usually processed in 1 business day.

VIP Account

VIP members are royalty among traders. They have all the benefits that are given to Real Account holders such as 77 trading assets, but many more valuable features also come with being a VIP. All VIP members have a personal manager assigned to them. Access to withdrawals is under 24 hours, allowing you access to your money faster than other account holders.

Trade Types And Payouts

It is common knowledge among binary brokers that one of IQ Option main strengths are their payouts to users, with most traded assets seeing a profitable trade out of around 84%. Of course, this is never a guarantee, as payouts depend on expiry times and the asset that has been selected.

The trading platform is very intuitive, and you can begin trading as soon as you log onto the site and navigate your way to the trading page. Once you get there, all you have to do is select the type of trade option you would prefer, the asset you want to trade and then finally, the amount you would like to trade. They have purposefully designed the website in such a way that it is nearly impossible for users to get confused. As it stands, there are two types of trading on offer. The classic binary option which is called/put and then the turbo option.

Call/Put Trades

This classic option is where users have to decide whether they expect the price of an asset to be higher or lower than the current level by the expiry time. They have expiry times more than 15 minutes.

Turbo Trades

Turbo options are entirely different from the latter. Turbo Options have their expiry time ranging from 30 seconds up to 5 minutes. Often this is an option usually preferred by the more experienced trader.

With most traded assets seeing a very profitable trade out amount of around 84%.

Bonuses And Promotions

There isn’t a broad range of bonuses available to account holders at this broker. Due to new regulation for EU Based CySEC licensed brokers they are no longer allowed to offer bonus incentives to new traders. As a result, all bonuses previously offered by CySEC EU brokers have been stopped.

There are plenty of promotional videos to be found online, and IQ Option invites its users to watch free educational demos by real-life traders, allowing you to gain tips and gather experience from the professionals. Once you build up your confidence with trading, you can also enter competitions and compete with fellow traders for guaranteed prizes.

Mobile Trading

The mobile app is currently #1 in 28 countries according to the App Store Ranking (Feb 2020) available from both the Apple app store but also the Google Play store too. Available on iOS (iPhone and iPad) and even Android. One of the key reasons for its success is the impressive yet simplistic features that it provides for users, making trading possible anywhere you can get an internet connection. Although this is an app, don’t have any fears of missing out on crucial information that you would otherwise see on a desktop.

The app covers all the necessary details, laying it out in a mobile-friendly manner so that no mistakes take place with the press of a wrong button. Trading on the go is rapidly becoming more and more popular. IQ Option is available on both Android and iOS devices, and you can download it through the app above stores or the provider’s website.

The mobile app features mirror those of the web-based platform and are simple yet offer high functionality. They haven’t cut any corners in the quality of graphics, and the overall impression of the app reflects the quality of IQ Option’s global standards.

Deposits And Withdrawals

When it comes to their extensive deposit and withdrawal options, they do set themselves apart from all other brokers. You can make a deposit or withdrawal using all major debit and credit cards as well as having the option of wiring the money across. IQ Option prides itself on its high-level security, making each transaction as stress-free as possible for the user. The site follows strict financial regulations making sure it is always abiding by the European banking safety rules.

Withdrawals are simple and can be done both on the desktop and mobile app. It usually takes around one business day to process the withdrawal of funds unless you are a VIP member where it will take less than 24 hours. If you ever find yourself having deposit or withdrawal problems you can call the customer service team 24/7 who will help you out in an extremely efficient and friendly manner.

Special Features

One of the critical benefits to trading on here is the ability to choose if you want your charts shown as either a line chart or a candlestick chart. Traders are also able to condense the information displayed on the charts so that they can get a better overview of how the market is currently looking.

All these many benefits to trading establish IQ Option as one of the market leaders in binary options, Forex and crypto trading. In addition to the account types, mobile trading experience and bonuses, we take a look at the other features that make this broker an excellent choice for so many:

    IQ Option offer other forms of trading including Forex, CFD and Cryptocurrency A multi-faceted platform that delivers a trading experience designed to suit your trading style A wealth of education and analytical tools to ensure that you grow as a trader Low minimum trades and high payouts with 60-second options that aren’t always available with all brokers

Customer Support

There are two main methods of contacting this broker. You can either contact them by phone, they are available 24/7 or else send them an email. They also use all leading social media platforms such as Twitter, Facebook YouTube and Instagram to promote their website and offer users tasty tips on topics like risk management and how not to make a mistake on your first trade. Via Twitter, they are consistently answering customer queries quickly and offering help.

Although IQ Option has free demos and educational videos via their website, they also have a YouTube account where they are constantly uploading videos to help users and show beginners how easy it is to trade. With all the different options of contact available to customers, it is easy to see why this company stand out from other binary brokers. They want users to know that they are never alone during their trading and that they are always available to help through their numerous online social media accounts.

Here are the contact details for IQ Option:

    Email – [email protected] Phone – +44 208 068 0760 Address – IQOption Europe Ltd, Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus

Conclusion

To conclude, IQ Option is currently the top binary options trading platform in the market as far as we are concerned. Their trading conditions are highly legit placing them firmly in the lead among all other binary brokers. All research and tests lead us to believe they are not a scam and value their customers. The feeling of security is backed up by licensing and regulation from CySEC, one of the industries leading regulatory bodies. They are highly visible with several methods of contact as well as a strong social media presence.

Equally impressive is their payout and rebate ratios, again unbeatable among their fellow competitors. If that wasn’t impressive enough then their low minimum deposit requirement and minimum trade amount, a known complaint with other brokers should surely seal the trading deal.

With a technically advanced trading platform and an excellent mobile trading offering along with an extensive range of assets, they are committed to providing their customers with a high level of customer service and support when they need. All of these factors mean that when it comes to binary options brokers, they certainly get our vote.

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

Is IQ Option legit, will they scam me?

Every broker that we recommend is legitimate. We review them all to ensure that they are regulated and licensed and that they operate within the terms of their licensing.

Do they have a decent mobile or tablet app?

An app is an essential factor for many traders who prefer to trade on the go; they do offer a mobile app both on the App Store and on Google Play Store, so there is something for both iOS and Android.

What bonus do they offer for new traders?

Sadly, they no longer offer bonuses. The lack of a bonus is mainly due to CySEC EU regulation which states new investors cannot be offered bonuses.

Can I start trading on a free demo account?

The demo account is one of the preferred demo accounts as it requires no deposit. You don’t need to enter your credit card details to register and use a demo account.

What’s the minimum deposit and trade amount?

The minimum deposit to open a trading account and start trading is just $10. With a minimum trade of $1, the real beginners can gently move into real trading without spending large amounts of money.

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

General Questions

IQ Option is a trading platform that helps you start your journey as a trader. We offer the following instruments:

– CFDs on currency pairs

– CFDs on commodities

– CFDs on Cryptocurrencies

You can start practicing on a demo account, and then continue trading with real funds. Our graphical tools and convenient technical analysis indicators help you make trading decisions.

According to company policy, we do not disturb our traders with outgoing calls, except for the welcome calls that our Fresh Team makes when our traders make their first deposit. Nevertheless, you are always welcome to contact us using one of the following ways:

1) Call us anytime at:

United Kingdom: +44 20 8068 0760 (London toll rate); +44 80 0069 8644;

South Africa: +27 87 550 21 61;

Australia: +61 261 452 936 (Canberra);

Mexico: +52 18 002 889 985 (Toll-free);

Brazil: +0800 878 3257 (Toll-free); +55 61 3550 0638 (Brasília);

Portugal: +351 882 880 034 (Toll-free); +351 308 807 766 (National);

Argentina: +54 115 173 7455 (Buenos Aires);

Singapore: +65 3163 7458 (Singapore);

Spain: +34 90 086 16 12 (Toll-free); +34 91 123 87 48 (Madrid toll rate);

Chile: +56 442 045 012;

India: +91 000 800 040 13 61 (Toll-free);

Thailand: +66 2 104 07 95 (Bangkok);

Colombia: +57 800 755 0167 (Toll-free)

2) Write to us in the Live Chat on the platform.

The minimum investment amount for today’s trading conditions can be found on the Company’s trading platform/website. The maximum investment amount is $20,000.

The maximum amount on some assets may vary according to the market conditions.

The company doesn’t provide loans for trading.

Thank you for understanding!

Yes, we do! And on computers, the platform responds faster in the application for Windows and Mac OS. Why is it faster to trade in the application? The website is slower to update movements on the chart because the browser doesn’t use available WebGL capabilities for maximizing the computer’s video card resources. The application doesn’t have this limitation, so it updates the chart almost instantaneously. We also have apps for iOS and Android. You can find and download the applications on our download page.

If a version of the app is not available for your device, you can still trade using the IQ Option website.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
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  • Binomo
    Binomo

    Trustful Broker!

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