IQ Option review
IQ Option is a Multi-Assets Trading Platform with over 508+ Assets
IQ Option is a multi asset platform with 508+ tradable Assets. Assets available on IQ Option include Binary Options, CFD trading, .
IQ Option trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Binary Options, CFD trading, are considered financial assets.
Features of IQ Option
- Virtual Portfolio, or what is commonly known as a Demo Account
- IQ Option offers Advanced Financial Chart comparison tools
- IQ Option offers Research-backed analysis on financial markets and investments from top analysts
- The IQ Option platform is available to use on multiple devices including and online through a Web Browser.
- IQ Option offers a trading platform with tools for both New Traders and Seasoned Experts
- IQ Option users benefit from using the IQ Option platform in over 15 different languages
IQ Option review
What you should know
IQ Option offer three ways to trade: Binary Options, CFD trading, . The assets and products available to you on the IQ Option trading platform depends on the region of the world, you are in and the IQ Option entity you have an account.
With IQ Option you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with IQ Option platform.
IQ Option are able to accommodate various levels of traders whether you are experienced or a beginner.
Are IQ Option safe?
When considering IQ Option for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as IQ Option, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.
Established in 2008, and in operation for 16 years IQ Option have a head office in Cyprus.
IQ Option is regulated. This means IQ Option are supervised by and is checked for conduct by the CySEC (Cyprus Securities and Exchange Commission) (247/14) regulatory bodies.
IQ Option withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like IQ Option are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. IQ Option are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of IQ Option and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. IQ Option has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, IQ Option will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like IQ Option, you can enjoy peace of mind and focus on your trading activities. If IQ Option violate any regulatory rules their regulated status could be stripped.
Your capital is at risk
Is my money safe with IQ Option?
All payments made to IQ Option by traders are securely held in a segregated bank account.
IQ Option uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.
What are Tier 1 banks and why should IQ Option use them?
IQ Option partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their IQ Option clients' funds.
IQ Option clients can have greater confidence in their financial security when working with a Tier 1 bank because IQ Option are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.
What does it mean to have your funds in IQ Option deposited in a Tier 1 bank?
Depositing funds with IQ Option ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if IQ Option were to go out of business unexpectedly.
Based on the information presented, it is safe to conclude that IQ Option is a secure and safe platform.
Please be aware that trading in financial assets with IQ Option carries a risk of loss. IQ Option trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Binary Options, CFD trading, due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.
IQ Option emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about IQ Option, let's closely examine its features.
To better understand the IQ Option trading platform, you can create two separate accounts - one with real money and the other a IQ Option demo account. A IQ Option demo account provides a risk-free environment for experimenting with the IQ Option platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in IQ Option trading decisions.
Open a demo account Visit IQ Option
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
How IQ Option as a Company Compare Against Other Brokers
Broker | iqoption | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Year Established | 2008 | 2007 | 2009 | 2007 |
Head Office | Cyprus | Australia | Belize | Cyprus, UK |
Regulation | CySEC (Cyprus Securities and Exchange Commission) (247/14) | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 |
Used By | 40,000,000+ IQ Option users | 200,000+ IC Markets users | 730,000+ Roboforex users | 35,000,000+ eToro users |
Negative balance protection | Yes | Yes | Yes | |
Guaranteed Stop Loss | No | No | No | |
Learn More | Visit IQ Option | Visit IC Markets | Visit Roboforex | Visit eToro |
Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. |
IQ Option review
IQ Option Pros and Cons
IQ Option review
IQ Option Regulation and Licensing in more detail
IQ Option is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of IQ Option going into insolvency. IQ Option compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like IQ Option to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for IQ Option traders.
- CySEC (Cyprus Securities and Exchange Commission) (247/14)
IQ Option is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like IQ Option you should be sure they're legitimate online agent.
Is IQ Option Global?
Yes, IQ Option is global as IQ Option is available in over 194 countries.
IQ Option is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries IQ Option covers include the UK, Germany, South Africa, Thailand, the United States China and Australia. IQ Option has a total of more than 40,000,000 users.
IQ Option review
IQ Option Awards
IQ Option have won numerious industry awards over the 16 years they have been operating as a financial broker. We have listed the most notable awards and mentions for IQ Option below.
- Most Innovative Trading Platform Globe - INTLBM - 2023
- Best Mobile Trading App Global - World Business Outlook - 2023
- Excellence In Forex Platform Global 2022
- Best Trading Platform 2022 Forexdailyinfo
IQ Option review
IQ Option Fees Explained
- IQ Option withdrawal fees varies on payment method
- IQ Option does charge a fee for inactive accounts.
- IQ Option does charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from IQ Option are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.
IQ Option Costs To Check
Modern brokers like IQ Option provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, IQ Option may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall IQ Option trading profitability.
How IQ Option Fees Compare Against Other Brokers
Broker | iqoption | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Min Deposit | 1 | 200 | 10 | 50 |
Withdrawal Fees | varies | No | Yes | Yes |
Inactivity Fees | No | No | Yes | |
Deposit Fees | Varies | No | No | |
CFD Commission Fees | Yes | No | Yes |
IQ Option Minimum Deposit
IQ Option requires a minimum deposit of 1 GBP/USD/EUR when opening an IQ Option trading account.
A minimum deposit is the minimum amount of money required by IQ Option to open a new online brokerage account with them.
Don't be scared off by brokers like IQ Option charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.
In the trading world, brokers like IQ Option, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.
Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.
However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.
IQ Option Withdrawal Fees
The fees for withdrawing funds from your IQ Option account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your IQ Option withdrawal request is important.
IQ Option Withdrawal rules may vary across different brokers when it comes to transferring funds from your IQ Option or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with IQ Option may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.
In addition, currency conversion fees may apply if the IQ Option withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from IQ Option. Researching and comparing IQ Option withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing IQ Option funds frequently or dealing with large sums of money. Awareness of these IQ Option fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your IQ Option funds.
For example, IQ Option allows you to withdraw your funds to Credit Cards, Debit Cards, VISA, MasterCard, Wire Transfers, eWallets, WebMoney, Skrill, Neteller, Bitcoin.
IQ Option Inactivity Fees
IQ Option does charge a fee for inactive accounts.
When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by IQ Option terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.
Make sure you're fully aware of all IQ Option fees and services. It's recommended that you check the IQ Option website before signing up. If you decide to close your IQ Option account, it's important to do so with the IQ Option broker customer support and obtain confirmation that no remaining IQ Option fees are due.
Brokers like IQ Option must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.
Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.
IQ Option Deposit Fees
IQ Option do charge deposit fees.
Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.
Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.
IQ Option Commission Fees
IQ Option does charge commission on CFD instruments.
Brokerage firms like IQ Option may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the IQ Option trading account level held by the trader.
IQ Option may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing IQ Option terms and conditions to understand the commission fees and any other charges that may apply is essential.
IQ Option review
What can you trade with IQ Option?
It's essential to note that the trading instruments offered under the IQ Option brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the IQ Option trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.
You can trade a wide variety of instruments with IQ Option over 508 instruments in fact.
If you want to trade currency pairs on global Forex markets, IQ Option offer over currency pairs.
IQ Option Compared To Other Brokers
Compare IQ Option with IC Markets and Roboforex below.
How IQ Option Trading Options Compare Against Other Brokers
Broker | iqoption | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Instruments Available | 508 | 2250 | 12000 | 6000 |
Platforms | Desktop Windows / MacOs, Web, Mobile Apps, Android (Google Play), iOS (App Store) | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | eToro Trading App, Mobile Apps, iOS (App Store), Android (Google Play), CopyTrading, Web |
FX / Currencies | ||||
Forex pairs offered | 61 | 35 | 50 | |
Major Forex pairs | Yes | Yes | Yes | Yes |
Minor Forex pairs | No | Yes | Yes | Yes |
Exotic Forex pairs | NO | Yes | Yes | Yes |
Cryptocurrencies (availability subject to regulation) | NO | Yes | No | Yes |
Commodity CFDs | ||||
Commodities Offered | 0 | 20 | 21 | 31 |
Metals | Yes | Yes | Yes | Yes |
Energies | Yes | Yes | No | Yes |
Agricultural | Yes | Yes | No | Yes |
Indiced & Stock CFDs | ||||
Stocks Offered | 2100 | 0 | 2042 | |
UK Shares | Yes | Yes | Yes | Yes |
US Shares | NO | Yes | Yes | Yes |
German Shares | No | Yes | Yes | Yes |
Japanese Shares | No | Yes | Yes | Yes |
Risk Warning |
Visit IQ Option
Your capital is at risk |
Visit IC Markets
Losses can exceed deposits |
Visit Roboforex
Losses can exceed deposits |
Visit eToro
51% of retail investor accounts lose money when trading CFDs with this provider. |
IQ Option review
Trading on IQ Option web platforms and other applications
IQ Option provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.
IQ Option also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.
See IQ Option's platformsIs the IQ Option Trading Platform Secure?
You should take the security of your personal information seriously and check SSL encryption is enabled on the IQ Option trading platform to protect you on PC and mobile IQ Option platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using IQ Option web trading platforms.
IQ Option Trading Platform Options
IQ Option does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.
IQ Option offers its custom trading platform developed and tested in-house. The IQ Option trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.
The IQ Option platform allows traders to filter the financial marketplace for trade opportunities that match criteria.
With IQ Option, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the IQ Option platform, including news and quotes. Discover possible trades with the strong charting tools found with IQ Option. IQ Option is available as downloadable applications or online through the cloud. Monitor your orders with IQ Option and receive breaking news in your positions.
IQ Option Trading benefits
- IQ Option Low min deposit
IQ Option Trading Accounts Offered
Below we give an overview of the account types that IQ Option offer. Whatever you are looking to trade, the varying IQ Option account types will be able to provide you with what you need.
- IQ Option Demo account
- IQ Option Standard account
- IQ Option Islamic account
Can I try IQ Option?
IQ Option provides a demo account that enables individuals to explore trading before investing their funds. By creating a IQ Option practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the IQ Option demo account can help individuals to make informed decisions before investing their money.
Open a demo IQ Option account to practice and trade.
Your capital is at risk
IQ Option withdrawal and funding methods
It's essential to remember that the payment methods provided by IQ Option vary based on the IQ Option entity and the IQ Option client's country of residence. To view the IQ Option payment options available, you can log into your IQ Option member's area.
IQ Option offers various funding payment methods listed in your IQ Option dashboard if available in your region. To learn more about the IQ Option funding and withdrawal options available in your area, you can explore the IQ Option website.
IQ Option provides several payment methods for funding your IQ Option account. You may utilize any of these deposit options if they are available in your region. IQ Option ensures that users have multiple payment methods to choose from, making it more convenient for verified IQ Option account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the IQ Option user's location. learn more about IQ Option funding and withdrawal methods.IQ Option Payment Methods
Some IQ Option payment methods are local and are available only to specific regions. IQ Option account holders should check which payment methods are provided in your region.- IQ Option accepts Credit Cards
- IQ Option accepts Debit Cards
- IQ Option accepts VISA
- IQ Option accepts MasterCard
- IQ Option accepts Wire Transfers
- IQ Option accepts eWallets
- IQ Option accepts WebMoney
- IQ Option accepts Skrill
- IQ Option accepts Neteller
- IQ Option accepts Bitcoin
Broker | iqoption | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Bank transfer | No | Yes | Yes | Yes |
Credit Cards | Yes | Yes | No | Yes |
Paypal | No | Yes | No | Yes |
Skrill | Yes | Yes | Yes | Yes |
Payoneer | No | No | No | No |
Neteller | Yes | Yes | Yes | Yes |
*please note available IQ Option and other broker payment methods depend on the clients country of residence.
How can I start trading with IQ Option?
To open a trading account with IQ Option, individuals can sign up on the IQ Option website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.
The next step involves submitting identification documents for IQ Option account validation and making a deposit. Once completed, IQ Option users can download the trading platform of their choice.
It's important to note that IQ Option requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps IQ Option maintain a trustworthy financial environment for its 40,000,000 users. Detailed information on the IQ Option trading platforms is available on their website.
Your capital is at risk
Performing trades with IQ Option
When using IQ Option, the minimum trade size is typically $1 units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. IQ Option have a max trade of varies.
IQ Option, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like IQ Option can be useful for traders starting or with limited capital.
Like other brokers, IQ Option margin requirements can differ depending on the traded instrument.
CFD Trading on IQ Option
We will show you an example of the basics of using IQ Option leverage.
CFD trading on IQ Option allows traders to speculate on the price movements of various financial instruments against the broker IQ Option, without actually owning real assets. With CFDs, IQ Option traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.
IQ Option provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.
The effect of leverage on profits and losses magnifies them in both directions. In other words, IQ Option leverage profits and losses are magnified when trading. For instance, using CFDs, you use the IQ Option trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.
On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, IQ Option leverage magnifies both profits and losses in trading.
Trading CFD trades on the IQ Option platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.
Experienced IQ Option traders can trade high risk CFD trades to hedge items in their portfolio.
Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Your capital is at risk
Education Resources at IQ Option
IQ Option offer educational resources which include Blog Articles, Market Analysis, Technical Analysis, Video Tutorials, . Please bear in mind that these resources provided by IQ Option do not guarantee any results when trading. When we checked on the IQ Option website, these educational resources were not available in every language. Also some financial instruments mentioned in any IQ Option educational resources may not be available in your region.
To trade effectively with IQ Option, it's important to have a good understanding of the IQ Option trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with IQ Option and externally.
IQ Option . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with IQ Option. Familiarizing yourself with the IQ Option trading platform is crucial to use it effectively.
While learning, you can also use global trading times to practice making live buy or sell trades using IQ Option. This hands-on experience can help you gain confidence and become more comfortable with trading.
Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with IQ Option involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.
Learning about the financial markets, trading platforms like IQ Option, and risk management techniques can help you become a more confident and successful trader.
Take an analytical approach to trading with IQ Option. Explore the IQ Option platform and train yourself to think systematically and logically about the markets.
While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with IQ Option, before live trading.
Customer Support at IQ Option
As part of our IQ Option review, we review customer service options, response times and problem resolution effectiveness on the IQ Option trading platform. The IQ Option trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian.
IQ Option Available Support Types
Based on our experience, we have given IQ Option a D grade for customer support. We encountered some slow response times or IQ Option queries that were left unanswered.
Compared to other brokers, IQ Option offers fewer customer support features. They do not provide live chat support, and their phone and email support can also be slow.
email support and supports a limited amount of Languages. Live chat support supports a limited amount of Languages. Phone support supports a limited amount of Languages.Livechat Support at IQ Option
Our team tested the live chat support of IQ Option and found it to be satisfactory. While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.
In addition, we tested IQ Option support services in various countries and languages and found that IQ Option were able to effectively resolve our customer issues.
Email Support at IQ Option
We tested the email support of IQ Option by sending 25 emails simultaneously, and our experience was mixed. While the answer times were generally excellent, with the fastest response being 3 hours, the slowest response was 6 days. We also encountered some instances where we did not receive any IQ Option response.
The IQ Option team did resolve and answer our queries, but the email support from IQ Option was overall average compared to other brokers we have tested.
Phone Support at IQ Option
We contacted IQ Option via phone and received quick assistance within 10 minutes of our call.
The IQ Option phone support team proved to be helpful and able to resolve our queries and issues over the phone. We also tested the multilingual support provided by IQ Option and found that they could assist us in various languages.
While we found the IQ Option phone support satisfactory, there is room for improvement in response time.
See how IQ Option Support Compares Against Other Brokers
Broker | iqoption | IC Markets | Roboforex | eToro |
---|---|---|---|---|
Support |
|
|
|
|
Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, German, Spanish, French, Italian |
Learn More | Visit IQ Option | Visit IC Markets | Visit Roboforex | Visit eToro |
Risk Warning | Your capital is at risk | Losses can exceed deposits | Losses can exceed deposits | 51% of retail investor accounts lose money when trading CFDs with this provider. |
What you will need to open an account with IQ Option
As IQ Option is regulated by CySEC (Cyprus Securities and Exchange Commission) (247/14).
As a new client of IQ Option, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with IQ Option in your region. During the IQ Option account opening process, you will be asked to provide IQ Option with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.
When registering with IQ Option have the following documents available.
- IQ Option require a scanned colour copy of your passport, driver's license or national ID card.
- A recent utility bill or bank statement that confirms your residential address for IQ Option compliance. This must be dated within the last six months.
- If you plan to fund your IQ Option account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the IQ Option platform.
It's worth noting that the expiration date of the proof of address document may differ for different entities under IQ Option Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring IQ Option's platform.
However, remember that you won't be able to make trades on IQ Option until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the IQ Option KYC compliance process as soon as possible to avoid any delays in accessing the IQ Option platform's features.
It is important to note that IQ Option may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the IQ Option platform and features immediately. However, you must pass the verification process to start live trading with IQ Option, which can take up to a few business days.
To start the process of opening an account with IQ Option you can visit the IQ Option trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.
CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://iqoption.com/ on November 05, 2024.
Watch this IQ Option Explainer Video
Is IQ Option A Good Broker?
We have spent over 5 years examining IQ Option in depth. Although we found some very useful aspects of the IQ Option platform that would be useful to some traders. We feel that a alternative to IQ Option may better suit you.
- IQ Option have a good track record of offering Binary Options, CFD trading, .
- IQ Option has a history of over 16 years.
- IQ Option has a reasonable sized customer support of at least 10.
- IQ Option are regulated by the CySEC (Cyprus Securities and Exchange Commission) (247/14). IQ Option is subject to strict regulatory oversight from its respective jurisdiction, which holds IQ Option (the broker) accountable for misconduct. This regulatory framework helps ensure that IQ Option operates fairly and transparently and provides IQ Option customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and IQ Option.
- IQ Option have regulation from reputable regulators.
- One of the advantages of using IQ Option is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from IQ Option are particularly important as IQ Option traders want to receive their money quickly. With the efficient IQ Option payment processing system, traders can enjoy faster access to their IQ Option funds.
- IQ Option have an international presence in multiple countries. Including local IQ Option seminars and training.
- IQ Option can hire people from various locations in the world who can better communicate in your local language.
IQ Option Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.
You will be exposed to a high risk of loss regarding leverage and margin-based trading.
Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.
It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.
Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.
IQ Option not quite right?
If after reading this IQ Option review, IQ Option does not fulfill your needs check out these IQ Option Alternatives.
Click here to view the best IQ Option Alternatives
We have spent years researching the best alternatives to IQ Option. Click the links below to learn more.
After extensive research over several years, we have compiled a list of the most effective IQ Option alternatives available today. If you are unsatisfied with IQ Option or want to explore other options, we recommend checking out our carefully curated list of highly-rated IQ Option alternatives. Follow the links below to learn more about these IQ Option broker alternatives and choose the one that best suits your trading needs.
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Related IQ Option Vs Comparisons
Throughout our comprehensive IQ Option review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.
If you're interested in comparing IQ Option against other popular brokers in the industry, check out our IQ Option Vs pages. Our team has compiled a series of detailed IQ Option comparison articles, pitting the IQ Option platform against some of the best-rated IQ Option competitors in the market. Dive into our informative IQ Option Vs pages below to find out how IQ Option stacks up against other leading brokers.
- IQOption vs ICMarkets
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- IQOption vs Pepperstone
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- IQOption vs AdmiralMarkets
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IQ Option review
IQ OPTION Frequently Asked Questions
Read our detailed IQ Option FAQ Section updated for 2024.
Can I try IQ Option?
IQ Option offer a demo account so you can try the IQ Option platform with virtual trading before you put down a payment. Virtual trading with IQ Option is zero risk. Learn more here
What funding methods do IQ Option accept?
Please note that the list of payment methods below depends on the IQ Option Entity and the client's Country of Residence.
IQ Option offer the following funding payment methods Credit Cards, Debit Cards, VISA, MasterCard, Wire Transfers, eWallets, WebMoney, Skrill, Neteller, Bitcoin, among other payment methods.
Learn more here
Is IQ Option safe?
IQ Option have over 40,000,000 users. IQ Option are considered reliable as they are regulated by and checked for conduct by the CySEC (Cyprus Securities and Exchange Commission) (247/14). Any payments funded to IQ Option accounts by traders are held in a segregated bank account. For added security,IQ Option use tier-1 banks for this. Tier 1 is the official measure of a bank's financial health and strength.Trading with IQ Option is risky, and because the market is so volatile, losses could happen at any time. Do not invest with IQ Option unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Your capital is at risk
Is IQ Option trading good?
IQ Option is considered good and reputable to trade with IQ Option. IQ Option is used by over 40,000,000 traders and IQ Option users. IQ Option offers Binary Options trading, CFD trading, and trading. Minimum deposit with IQ Option is 1.
Is IQ Option trading Legit?
IQ Option was founded in Cyprus in 2008. IQ Option has been facilitating trade on the financial markets for over 16 years. IQ Option offers clients Binary Options trading, CFD trading, and trading. All funds deposited to IQ Option are held in segregated bank accounts for security. IQ Option is regulated by CySEC (Cyprus Securities and Exchange Commission) (247/14) so can be considered legit.
Is IQ Option a good broker?
IQ Option allows Binary Options trading, CFD trading, and trading. IQ Option is overseen by the top tier financial regulators CySEC (Cyprus Securities and Exchange Commission) (247/14) so can be considered a good broker.
Is IQ Option trustworthy broker?
IQ Option is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to IQ Option, money is in a segregated bank account that is separate from IQ Option company's funds. As a regulated broker, IQ Option cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by IQ Option. Instead, your IQ Option funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with IQ Option. Also IQ Option is regulated in its local jurisdictions including major financial regulators like CySEC (Cyprus Securities and Exchange Commission) (247/14).
What is the minimum deposit for IQ Option?
The minimum deposit to trade with IQ Option is 1.
How long do IQ Option withdrawals take?
Withdrawing money from IQ Option processing time varies depending on the method but averages 1-5 days.
Is IQ Option regulated?
IQ Option is regulated by the CySEC (Cyprus Securities and Exchange Commission) (247/14). Regulatory bodies conduct regular reviews and audits as part of IQ Option maintaining their regulatory status. You can learn more about these reviews on the regulator websites.
Is IQ Option a market maker?
IQ Option is not a market maker. A market maker speeds up trading as a market maker will purchase or sell your stocks and commodities even if a buyer or seller is not lined up.
How can I start trading with IQ Option?
When opening a trading account with IQ Option, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on IQ Option trading platforms, you can follow the link provided below: Learn more about signing up with the IQ Option trading platform here. This will provide useful information and insights into the various trading platforms offered by IQ Option, enabling you to make an informed decision about which platform to choose for your trading needs.
Is my money safe with IQ Option?
Yes your money is safe with IQ Option.
Overall, strict financial regulation is essential for ensuring that trading platforms like IQ Option operate fairly, transparently, and responsibly, which ultimately benefits all IQ Option stakeholders involved.
Trading platforms like IQ Option must have strict financial regulation for several reasons:
- Protecting IQ Option Investors: Strict financial regulation ensures that investors who use the IQ Option trading platform are protected against fraudulent or unethical behavior by the IQ Option platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the IQ Option platform.
- Maintaining IQ Option Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the IQ Option trading platform. Regulatory procedures reduce the likelihood of the IQ Option platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
- Enhancing IQ Option Transparency: Regulations require trading platforms like IQ Option to maintain detailed records and disclose IQ Option client information. Financial regulatory requirements enhances transparency and helps to build trust between the IQ Option platform and its investors.
IQ Option is regulated by the CySEC (Cyprus Securities and Exchange Commission) (247/14). When selecting a broker such as IQ Option, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, IQ Option ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like IQ Option.
Is IQ Option a con?
IQ Option is regulated and well established, having been in business for over 16 years. IQ Option is not a con.
Can you make money with IQ Option?
Although traders have had great success with IQ Option, trading on the financial markets with IQ Option is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does IQ Option have fees?
IQ Option withdrawal fees vary on payment method.IQ Option does charge a fee for inactive accounts. IQ Option do charge deposit fees.
When was IQ Option founded?
IQ Option was founded in 2008.
How many people use IQ Option?
IQ Option is used by over 40,000,000 registered IQ Option users.
What is IQ Option Headquarters country?
IQ Option has its head quarters office in Cyprus .
Does IQ Option offer negative balance protection?
IQ Option does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.
Does IQ Option offer guaranteed stop loss?
IQ Option does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does IQ Option allow scalping?
IQ Option does not offer scalping.
Does IQ Option allow hedging?
IQ Option does not offer hedging.
Does IQ Option offer CFD trading?
IQ Option offers CFD trading.
Does IQ Option offer STP?
IQ Option does not offer STP trading.
How many people use IQ Option?
IQ Option is used by over 40000000 IQ Option users and traders.
Is IQ Option an ECN broker?
IQ Option does not offer ECN trading.
Does IQ Option offer a demo account?
IQ Option offers a demo account.
Does IQ Option offer an Islamic account?
IQ Option offers an Islamic account.
What are the funding methods for IQ Option?
Please note that funding methods and options available with IQ Option can be found in the IQ Option Members area and depend on the IQ Option client’s country of residence. Please check your specific available payment methods on the IQ Option website. IQ Option accept the following funding methods : Credit Cards, Debit Cards, VISA, MasterCard, Wire Transfers, eWallets, WebMoney, Skrill, Neteller, Bitcoin.