IQ Option Review 2020

IQ Option Rated 3/5
learn more Learn more about eToro. 71% of retail investor accounts lose money when trading CFDs with this provider.
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IQ Option Guide - Read our In Depth IQ Option Review

This IQ Option review was written by industry experts with over 20 years of financial experience in Binary Options, CFD trading, .

What is IQ Option?

IQ Option are an a global online financial trading platform and multi asset broker founded in 2008

Over 12 years later IQ Option has grown to offering retail investors Binary Options trading, CFD trading, and trading.

IQ Option are a global broker and have a head office in Cyprus.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this IQ Option review and assess how well the IQ Option platform functions in its role as an international multiple financial asset trading platform for traders in 2020.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like IQ Option can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of IQ Option we breakdown the pros and cons. What IQ Option are able to offer, what countries IQ Option are available in. Who IQ Option are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this IQ Option review useful.

This review of the IQ Option platform is very detailed. If you are interested in trading with IQ Option in any capacity please take the time to read and research the whole IQ Option review.

We have tried to explain the ins and outs of financial trading through the IQ Option platform as plainly as possible so that you the trader are as informed as possible before you start to use the IQ Option trading tools and depositing and withdrawing funds from IQ Option.

Benefits of trading with IQ Option

Open IQ Option's Website

Your capital is at risk

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with IQ Option like Binary Options trading, CFD trading, and trading. you should have confidence in IQ Option and know that the management of your financial investments on the IQ Option platform is in good hands.

At the bottom of this IQ Option review you can also learn about some pretty good alternatives to IQ Option

With this IQ Option review we hope to help you see if IQ Option is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding IQ Option that will help you get off to a good start in the world of online trading.

IQ Option Review Table of Contents

IQ Option review
IQ Option is a Multi-Assets Trading Platform with over 148+ Assets

Learn more about IQ Option. IQ Option is a multi asset platform with 148+ tradable Assets. Assets available on IQ Option include Binary Options, CFD trading, .

IQ Option trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Binary Options, CFD trading, are considered financial assets.

IQ Option review
Features of IQ Option

IQ Option review
What you should know

IQ Option offer three ways to trade: Binary Options, CFD trading, .

With IQ Option you will need a minimum deposit of $10. 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.

IQ Option review
Are IQ Option safe?

When choosing a broker like IQ Option the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2008, and in operation for 12 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 Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to IQ Option, this will be honored. If IQ Option violate any regulatory rules their regulated status could be stripped.

IQ Option review
Is my money safe with IQ Option?

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 banks financial health and strength.

What are Tier 1 banks and why should IQ Option use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in IQ Option deposited in a Tier 1 bank?

Having any money you deposit with IQ Option means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if IQ Option goes out of business for some reason.

Therefore, we can safely conclude that IQ Option is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Binary Options, CFD trading, is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. IQ Option also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regrding IQ Option. let us look at the IQ Option features in more detail.

Try creating two accounts when you are working with IQ Option. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit IQ Option

Your capital is at risk

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 eToro IC Markets XTB
Year Established 2008 2006 2007 2002
Head Office Cyprus Cyprus, UK Australia Poland
Regulation Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG)
Used By 10,000+ IQ Option users 12,000,000+ eToro users 60,000+ IC Markets users 250,000+ XTB users
Negative balance protection Yes Yes Yes
Guaranteed Stop Loss No No No
Learn More Visit IQ Option Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% 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.

IQ Option review
IQ Option Pros and Cons

What we like about IQ Option

  • Used by over 10,000 IQ Option users and traders
  • Established in 2008
  • Regulated by Cyprus Securities and Exchange Commission (CySEC)
  • Min. deposit from $10

What we don't like about IQ Option

IQ Option review
IQ Option Regulation and Licensing in more detail

We have checked and IQ Option is regulated and supervised by reputable organisations. You are able to check every IQ Option supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with IQ Option. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect IQ Option traders and provide a safe trading environment.

IQ Option is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as IQ Option you should be sure they're legitimate online agent.

IQ Option review
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 nations including nations in Europe, Asia, Oceania, and Africa. Major countries IQ Option covers include the UK, Germany, Australia, South Africa, Thailand, the United States and China. IQ Option has a total of more than 10,000 users.

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.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How IQ Option Fees Compare Against Other Brokers

Broker iqoption eToro IC Markets XTB
Min Deposit 10 200 200 0
Withdrawal Fees varies Yes No varies
Inactivity Fees Yes No No
Deposit Fees No Varies No
CFD Commission Fees No Yes Yes

IQ Option review
IQ Option Minimum Deposit

IQ Option require a minimum desposit of 10 GBP/USD 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.

Dont be scared off by brokers like IQ Option charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

IQ Option review
IQ Option Withdrawal Fees

IQ Option withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

IQ Option for example allow you to withdraw your funds to Debit cards, Credit cards, Visa, Mastercard, Maestro, Electronic wallets (eWallets), Skrill, Neteller, Webmoney.

IQ Option review
IQ Option Inactivity Fees

IQ Option does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

IQ Option review
IQ Option Desposit Fees

IQ Option does charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

IQ Option review
IQ Option Commission Fees

IQ Option does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

IQ Option review
What can you trade with IQ Option?

Be aware that Different entities under IQ Option Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.

You can trade a wide variety of instruments with IQ Option over 148 instruments infact.

If you are looking at trading currency pairs IQ Option offer over currency pairs.

Compare IQ Option with eToro and IC Markets below.

Your capital is at risk

How IQ Option Trading Options Compare Against Other Brokers

Broker iqoption eToro IC Markets XTB
Instruments Available 148 2000 232 4000
Platforms MetaTrader 4 Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 65 50
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs No Yes Yes Yes
Exotic Forex pairs NO Yes Yes Yes
Cryptocurrencies NO Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 21
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 957 100 1696
UK Shares Yes Yes No 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 eToro
71% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit XTB
82% 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.

IQ Option review
Trading on IQ Option web platforms and other applications

IQ Option offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

IQ Option also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.


See IQ Option's platforms

IQ Option review
Is the IQ Option Trading Platform Secure?

IQ Option safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. IQ Option also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating IQ Option.

IQ Option review
IQ Option Trading Platform Options

Once you have logged into your IQ Option account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

IQ Option does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

IQ Option does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options IQ Option gives you.

IQ Option review
IQ Option MetaTrader 4 (MT4)

IQ Option MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with IQ Option. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with IQ Option in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. IQ Option MetaTrader 4 is compatible with the latest macOS Mojave. IQ Option allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on IQ Option

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade IQ Option MetaTrader 4 on IOS Devices

You can download the IQ Option app or also trade with IQ Option through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade IQ Option MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. IQ Option provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android IQ Option MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade IQ Option MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

IQ Option MetaTrader 4 Advanced Trading Tools

The IQ Option advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. IQ Option offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade IQ Option MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

IQ Option MetaTrader 4 AutoChartist

IQ Option Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

IQ Option Trading benefits :

  • Low min deposit

IQ Option Trading Accounts Offered :

  • Demo account
  • Standard account
  • Islamic account

Can I try IQ Option before I buy?

IQ Option offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

IQ Option withdrawal and funding methods.

Please note that the list of IQ Option payment methods below depend on the IQ Option Entity and the Clients Country of Residence.

IQ Option offer the below funding payment methods. learn more about IQ Option

IQ Option Payment Methods

  • IQ Option accepts Debit cards
  • IQ Option accepts Credit cards
  • IQ Option accepts Visa
  • IQ Option accepts Mastercard
  • IQ Option accepts Maestro
  • IQ Option accepts Electronic wallets (eWallets)
  • IQ Option accepts Skrill
  • IQ Option accepts Neteller
  • IQ Option accepts Webmoney
Broker iqoption eToro IC Markets XTB
Bank transfer No Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer No Yes No Yes
Neteller Yes Yes Yes Yes

How can I start trading with IQ Option?

When opening a trading account with IQ Option, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on IQ Option trading platforms here.

Your capital is at risk

Performing trades with IQ Option

IQ Option allow you to execute a minimum of trade of $1. This may vary depending on the account you open. IQ Option allow you to execute a maxium trade of varies.

As a market maker, IQ Option may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the instruments.

IQ Option Leverage and IQ Option CFDs Explained

let's take a look at some of the basics of using IQ Option leverage.

IQ Option offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

IQ Option leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the IQ Option trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The IQ Option leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

IQ Option CFDs are typically used for short to medium term trades. For example IQ Option intraday trading.

Education resources at IQ Option

To trade effectively with IQ Option, it's important to get a have a good understanding of the IQ Option trading tools and the markets.

IQ Option offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with IQ Option.

Take time to look around the IQ Option platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at IQ Option

IQ Option support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

IQ Option have a D grade support rating because because sometimes the response was slow or our query wasnt answered. IQ Option less customer support features compared to other brokers like live chat, phone and email support. 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

We tested the IQ Option live chat and it works well. We sent messages to IQ Option livechat through their app and website and recieved a response within 20 minutes. Sometimes there was no response.

We tested communicating with IQ Option support in multiple languages in multiple countries. IQ Option where able to resolve our customer issues.

Email Support at IQ Option

We sent several emails to IQ Option and answer times overall were excellent. The fastest response from IQ Option was 4 hours and the slowest response was 5 days. Sometimes there was no response. Support response times may vary for you with IQ Option, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall average email support from IQ Option.

Phone Support at IQ Option

We called IQ Option and the call was answered very quickly. The call was answered in less than 5-10 minutes.

The IQ Option phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual IQ Option team by calling in varying languages. IQ Option made an effort to make sure our queries were answered.

Overall the phone support from IQ Option was okay.

See how IQ Option Support Compares Against Other Brokers

Broker iqoption eToro IC Markets XTB
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
Learn More Visit IQ Option Visit eToro Visit IC Markets Visit XTB
Risk Warning Your capital is at risk 71% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 82% 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.

What you will need to open an account with IQ Option

As IQ Option is regulated by Cyprus Securities and Exchange Commission (CySEC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under IQ Option Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 3 minutes or so to complete the account opening process.

While you might be able to explore IQ Option's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with IQ Option you can visit the IQ Option trading platform here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://iqoption.com/ on November 24, 2020.

IQ Option review
Is IQ Option A Good Broker?

We spent over 3 months examining IQ Option in depth. Although we found some very useful aspects of the IQ Option platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative IQ Option broker.

  • IQ Option have a good track record of offering Binary Options, CFD trading, .
  • IQ Option has a history of over 12 years.
  • IQ Option has a reasonable sized customer support of at least 10.
  • IQ Option are regulated by Cyprus Securities and Exchange Commission (CySEC). This means IQ Option fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • IQ Option have regulation from a Tier 1 reputable country.
  • IQ Option has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • IQ Option have an international presence in multiple countries. This includes local IQ Option seminars and training.
  • IQ Option are able to hire people from various locations in the world who can better communicate in your local language.

IQ Option Risk Disclaimer

Your capital is at risk

IQ Option review
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.

If you feel some of the above IQ Option are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of IQ Option alternatives below.

IQ Option review
Related IQ Option Vs Comparisons

We have covered allot in this IQ Option review, If you want to see how IQ Option compares side by side with other brokers check out our IQ Option Vs pages.

If you would like to see how IQ Option stands up against other brokers you can read some of our IQ Option comparisons below. We compare side by side some of our top rated IQ Option versus comparisons. Read our indepth IQ Option VS pages below.

IQ Option review
IQ OPTION Frequently Asked Questions

Can I try IQ Option before I buy?

IQ Option offer a demo account so you can try the IQ Option platform before you put down a payment. Learn more here

What funding methods do IQ Option accept?

Please note that the list of payment methods below depend on the IQ Option Entity and the Clients Country of Residence.

IQ Option offer the following funding payment methods Debit cards, Credit cards, Visa, Mastercard, Maestro, Electronic wallets (eWallets), Skrill, Neteller, Webmoney, among other payment methods.
Learn more here

Your capital is at risk

Is IQ Option safe?

IQ Option are considered safe as they are regulated by and checked for conduct by the Cyprus Securities and Exchange Commission (CySEC). 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 banks financial health and strength.

Is IQ Option trading good?

IQ Option is considered good and reputable to trade with IQ Option. IQ Option is used by over 10000 active traders and IQ Option users. IQ Option offers Binary Options trading, CFD trading, and trading. Minimum deposit with IQ Option is 10.

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 12 years. IQ Option offers clients Binary Options trading, CFD trading, and trading. All funds deposited to IQ Option are held in segregated tier 1 bank accounts for security. IQ Option is regulated by Cyprus Securities and Exchange Commission (CySEC) so can be considered legit.

Is IQ Option a good broker?

IQ Option is overseen by the top tier financial regulators Cyprus Securities and Exchange Commission (CySEC) so can be considered a good broker. IQ Option allows Binary Options trading, CFD trading, and trading.

Is IQ Option trustworthy broker?

IQ Option can be considered trustworthy. All money funded to IQ Option is placed into a segregated tier 1 bank account. this means your money in not held by IQ Option directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also IQ Option is regulated by Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit for IQ Option?

The minimum deposit to trade with IQ Option is 10.

How long do IQ Option withdrawals take?

Withdrawing money from IQ Option processing time varies but averages 2-5 days.

Is IQ Option regulated?

IQ Option is regulated by Cyprus Securities and Exchange Commission (CySEC).

Is IQ Option a market maker?

IQ Option is a not a market maker. A market maker speeds up trading as a market maker will purchase your stocks and commodities even is a buyer 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. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on IQ Option trading platforms here.

Is my money safe with IQ Option?

IQ Option is regulated by Cyprus Securities and Exchange Commission (CySEC). One of the most important criteria for traders when choosing a broker like IQ Option is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to IQ Option, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is IQ Option a con?

IQ Option is regulated and well established having been in business for over 12 years. IQ Option is definitely 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 varies on payment method. IQ Option does charge a fee for inactive accounts. IQ Option does 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 10000 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 means 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 guarenteed 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 10000 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 a Islamic accounts.

What are the funding methods for IQ Option?

IQ Option accept the following funding methods : Debit cards, Credit cards, Visa, Mastercard, Maestro, Electronic wallets (eWallets), Skrill, Neteller, Webmoney.

IQ Option review written by Andrew Blumer and Mark Hansen

We hope you found our review of the IQ Option brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

IQ Option review written by Mark Hansen of Comparebrokers.co