IQ OPTION Broker Review (2023) ++ Scam or not? | Real test
IQOPTION
This content is not intended for audiences from EEA countries. Binary options are not promoted or sold to EEA retailers.
REVIEW: | CONTROLLER: | MIN. DEPOSIT: | ASSET: | MARKET: |
|---|---|---|---|---|
 (4.1/5) | / | $ 10 | more than 300+ | Forex, Cryptocurrencies, ETFs, CFDs, Commodities, Indices |
IQ Option is one of the largest online trading platforms investing in financial instruments. You can trade more than 300 markets in one software. in this review We will delve into the conditions and obligations of online brokers. We'll show you how to trade and answer questions. “Is investing in this company really worth it?” - Find out in the next section.
(Risk Warning: Your capital may be at risk)
facts about the company
⭐ Rating: | 5 / 5 |
🏛 Established: | 2014 |
💻 Trading Platform: | WebTrader, Desktop Trader, Apps |
💰 Minimum deposit: | $10 |
💱 Account Currency: | EUR, USD, GBP, HKD, CNY |
💸 Withdrawal limits: | no |
📉 Minimum Trade Amount: | $1 |
⌨️ Demo Account: | yes |
🕌 Islamic Account: | no |
🎁 Bonus: | no |
📊 Assets: | Forex, Cryptocurrencies, ETFs, CFDs, Commodities, Indices |
💳 Payment methods: | Credit Cards, Skrill, Neteller, Advcash, Perfect Money |
🧮 Fees: | from 0.5 pip spread |
📞 Support: | 24/7 live support via chat |
🌎 Languages: | 15 languages |
Is IQ Options a reliable broker? Organized and safe for customers
First of all, IQ Options is a very reputable and popular broker with over 48 million registered users. The platform is popular with many new traders. Due to the small minimum investment amount , however, IQ Option is not like other brokers. There is no evidence of official regulations on their website.
IQ Options LLC is registered in Saint Vincent and the Grenadines. While payments are handled by Fideles Limited in Cyprus according to their website. They employ more than 79 people and are featured in various media.
What are the pros and cons of IQ Option?
We will look at the most important pros and cons of this broker in this section. IQOption is very well known. And the company has been in this business for almost ten years. This is a very good sign. Because we want to see brokers with a proven track record. Let's look at the most important pros and cons of IQ Option to help you decide.
Advantages of IQ Option | Cons of IQ Option |
✔ A variety of trading strategies Not only binary options | ✘ No official regulations |
✔Minimum deposit only $10 | ✘ Fewer payment and withdrawal methods than some competitors |
✔ 24/7 live chat customer support available | ✘ Processing of withdrawal requests can be quite slow at times. |
✔ Leverage up to 1:1000 | ✘ Lack of advanced analytical tools |
✔ Trusted broker with a long track record | |
✔ Minimum trade amount $1 | |
✔ Unlimited demo accounts | |
✔ More than 300 markets available |
Is IQ Option a user-friendly platform?
IQ Option makes it very easy to get your first trading experience in minutes. The usability is very good. And we will take a closer look at the use of the platform.
criterion | score |
General website design and setup | ★★★★ The website offers all the necessary information. And we love the fact that it's not too much. |
application process | ★★★★ The application process is very convenient, easy and fast. |
use of trading area | ★★★★★ There are several versions of trading platforms such as desktop version, mobile app and web platform. |
mobile app usage | ★★★★★ Mobile app available for all devices. And trading through the app is a lot of fun. |
What assets and financial products can I trade on IQ Option?
What can you trade with IQ Option – You can trade over 500 different markets on the platform, stocks, currencies, commodities, ETFs, indices, options and cryptocurrencies. The range of the market is quite large. And from our experience, IQ Option is constantly adding new markets to the platform. for trading in these markets You can use different financial products. which we will talk about in this section.
(Risk Warning: Your capital may be at risk)
Options (not available in EEA countries):
For traders from non-European countries, IQ Option offers Digital Options and Binary Options. binary options It is the broker's most popular financial product. You can trade in more than 100 different markets such as stocks, forex and commodities. The return rate is very high, for example 80 – 95% compared to other binary options brokers. Choose different expiration times from 60 seconds to a few days for the options. IQ Option scores well as well. Comparison of Binary Options Brokers .
Binary Options Generic Returns (example assets):
ASSET: | PRODUCT: |
|---|---|
EUR/USD | up to 100% |
USD/JPY | up to 95% |
GBP/USD | up to 95% |
oil | up to 90% |
gold | up to 90% |
Forex:
There are more than 35 currency pairs on the platform. Spreads are very tight, less than 1.0 pips on EUR/USD contracts. There is also leverage up to 1:1000. Surprisingly, IQ Option is one of the few brokers where you can change your leverage. before each trade
Typical Spreads and Leverage in Forex Trading (example assets):
ASSET: | DISTRIBUTED FROM: | LEVERAGE: |
|---|---|---|
EUR/USD | 0.4 pips | 1:1000 |
USD/JPY | 0.8 pips | 1:1000 |
GBP/USD | 1.0 pips | 1:1000 |
AUD/JPY | 0.8 pips | 1:300 |
GBP/JPY | 1.3 pips | 1:1000 |
share:
You can trade stocks through CFDs (Contracts for Difference). Leverage up to 1:20 is available. You can easily invest in rising or falling prices through CFDs. Stocks are available for international stock exchanges. The stock selection is quite impressive. With over 180 assets to choose from, the spreads for CFDs on shares are also relatively low. And you can profit from increased volatility. But keep in mind that increased volatility also increases the risk of losing your capital.
ASSET: | DISTRIBUTED FROM: | LEVERAGE: |
|---|---|---|
Coca-Cola Company | 1.2 pips | 1:20 |
Volkswagen AG | 0.7 pips | 1:20 |
Apple company. | 1.9 pips | 1:20 |
Digital currency:
Since 2017, cryptocurrencies have become very popular due to the rapid changes in prices and the fact that you can trade cryptocurrencies 24/7. You can trade these assets through CFDs and invest in rising or falling cryptocurrencies. More than 25 different assets are available and the leverage for most of them is 1:5.
Typical Spreads and Leverage on Cryptocurrency CFDs (example assets):
ASSET: | DISTRIBUTED FROM: | LEVERAGE: |
|---|---|---|
Bitcoin | 81.5 | 1:5 |
EOS | 0.0193 | 1:5 |
Ethereum | 28.563 | 1:5 |
TRON | 0.00255 | 1:5 |
Litecoin | 0.572 | 1:20 |
Commodities:
On IQ Markets you can trade seven commodities such as gold, silver or wheat with leverage up to 1:50.
ASSET: | DISTRIBUTED FROM: | LEVERAGE: |
|---|---|---|
gold | 4.2 | 1:50 |
money | 9.8 | 1:25 |
wheat | 3.5 | 1:25 |
ETFs:
This is a great way to build a portfolio with many different assets. ETFs are publicly traded funds. There are different assets and markets included in this fund. Trade over 22 different ETFs on the IQ Option platform with leverage up to 1:25.
ASSET: | DISTRIBUTED FROM: | LEVERAGE: |
|---|---|---|
S&P500 | 0.6 | 1:20 |
power SPDR | 11.2 | 1:20 |
Gold Miner ETF | 3.5 | 1:20 |
index:
There are 12 indices to choose from such as US 100, German 30 or EU 50. Leverage is pretty good, 1:100 for most tradable assets.
ASSET: | DISTRIBUTED FROM: | LEVERAGE: |
|---|---|---|
100 USD | 12.6 | 1:100 |
Germany 30 | 4.3 | 1:100 |
European Union 50 | 8.9 | 1:100 |
Offers and tradable instruments depend on your country of residence.
(Risk Warning: Your capital may be at risk)
Review of the IQ Option trading platform
IQ Option offers a unique and professional trading platform for traders. The platform is available for all devices such as computers or smartphones. from our experience The IQ Option trading platform is one of the best programmable software available to traders. IQ Option continually adds new features to the software and strives to improve the trading experience of its clients.
in the next section We will give you a better overview of the trading platform and what you can do with it. As a professional trader We recommend using a free demo account with IQ Option to impress yourself first.
Main facts of the IQ Option trading platform:
- Customizable and easy to use
- multiple charts
- Compatible with all devices
- Integrated call center and chat
- Calendar of economic events
- Free and customizable tools and indicators
- It's easy to use and you see transparent trading fees and conditions.
Mobile Trading (App)
as a trader We are also testing apps for mobile trading. You will have a very good experience as it works smoothly and there are no dropped connections. Just like a computer or web-based platform. You will have access to all markets and financial products. Nowadays, mobile trading is very important. Because the market is open 24/7. And you can check it with your mobile phone.
You can use the same tools on your computer to analyze and trade charts. The app is available for both Android and Apple (iOS) devices, just click the button below and download the free mobile app.
(Risk Warning: Your capital may be at risk)
Chart analysis and professional tools for traders.
If you want to trade the market successfully. You need analytics. Most traders are divided between technical analysis and fundamental analysis. from our experience We can say that together these two types of analysis can provide a more detailed picture of the market.
IQ Option trading software comes with various tools and indicators. Plenty for your analysis. It is easy to apply in your charts. Besides, you can customize it as you like and change the time frame or other settings. It is only possible to develop a trading strategy with indicators that can produce the desired results. But you should try it on a demo account first.
In addition, IQ Option is constantly trying to add new tools and indicators to the platform. Totally free to use And you can save settings. as a template to reproduce on different charts. In a nutshell, the IQ Option trading platform is one of the best for day trading or long-term investing. You get a wide range of professional tools for your trading ideas. And these tools are easy to use.
Facts about chart analysis:
- free indicators
- easy to use
- Customize as you like
- Use tools and widgets like other traders' trading directions.
- Develop your own strategy with tools.
Invest in cryptocurrencies (Bitcoin and others) with IQ Option.
Many traders are interested in trading cryptocurrencies with IQ Option . You can trade more than 20 different crypto markets (pictured below) for investments. Leverage Available And you can hold trades as long as you want. The maximum leverage of Bitcoin is up to 1:100 in our opinion. This is a very high leverage. For traders from EEA countries, this leverage is no more than 1:2.
Cryptocurrencies are traded by CFDs for trading. You only pay the spread fee if you open or close and open a position. You can see the spread transparently in the software. For high-leverage products, the spreads are lower. Another benefit is that you can easily sell the crypto market you want. Therefore, it is possible to open a position in either direction.
Facts about crypto trading with IQ Option:
- More than 20 different markets (Bitcoin, Litecoin, Ethereum, Dash, Iota and more)
- Invest in rising or falling prices
- Leverage is available up to 1:100 (up to 1:2 for EEA countries).
- Competitive spreads and fees
(Risk Warning: Your capital may be at risk)
Account Types: Which account types can you choose?
IQ Option offers two types of accounts for traders. You can choose between a demo account and a real account. on the trading platform You can switch with two clicks between the demo and real account.
You get a real account and a free demo account. The minimum deposit for a real account is 10$ in our opinion. This is a very small number. and allow every trader to participate in the financial markets. To achieve VIP account status You must be a high volume trader. but for this You will get better conditions for binary options trading. VIP support and better education for trading (VIP accounts are only available to non-European clients)
Facts about account types:
- free demo account
- The minimum deposit for a real account is 10$.
- VIP status is awarded to traders with high trading volume. (for customers outside of Europe only)
Step by Step: How to Open Your Account
Many traders ask how to open an account with an online broker - it is quite easy nowadays. In the past, access to financial markets was truly difficult.
For an IQ Option account, you first need your real email address and password. (You can register through the form below.) After that, you will have direct access to the trading platform. Demo and real accounts are available for you to use. It is possible to make your first deposit. But we don't recommend doing this.
You should verify your account 100%, IQ Option will help you with a detailed tutorial through verification. as a respected person Forex brokers , IQ Option need to verify your identity. Payment cannot be made if you are not 100% verified.
Open your account step by step (takes less than 10 minutes):
- Register using the form above.
- Direct access to the trading platform
- Confirm your email address
- verify your identity
- start trading
(Risk Warning: Your capital may be at risk)
Review of IQ Option Deposit and Withdrawal Methods
It is a reliable and trustworthy company. CFD Broker IQ Option clearly withdraws all profits of traders. Each day they pay out millions of dollars to their clients. for this The broker only uses well-known payment methods.
Merchants can choose between electronic or classic payment methods. Some deposits are made instantly via e-wallets. You can use credit cards, Neteller, Skrill, online banking. or traditional bank transfer for deposits or withdrawals.
IQ Option handles clients' money professionally. In depositing, IQ Option does not charge any fees for your transactions. For withdrawals there is a 2% fee starting from the second withdrawal per month. This is a big advantage compared to other brokers. Sometimes your payment system may charge certain fees. in the chart below. You will find more useful information about deposit and withdrawal information.
Processing time for deposits | Deposit commission | minimum deposit | Processing time for withdrawals | Commission for withdrawal | minimum withdrawal | |
credit card | immediately | 0% | $10 | immediately | 2% | $2 |
Skrill | immediately | 0% | $10 | 1-3 business days | 2% | $2 |
Neteller | immediately | 0% | $10 | 1-3 business days | 2% | $10 |
Advcash | immediately | 0% | $10 | 1-3 business days | 2% | $2 |
perfect money | 1-2 minutes | 0% | $10 | 1-3 business days | 2% | $2 |
All in all deposits are processed easily and reliably Qi Option has no fees or small fees for your payment method. All in all, we can recommend investing money there.
Facts about payments:
- Minimum deposit 10$
- Minimum withdrawal 2$
- Fast deposit and withdrawal
- IQ Option charges a small fee.
- Credit cards, Skrill, Neteller, Advcash, Perfect money are used.
Payment methods depend on your country of residence.
Does IQ Option offer negative balance protection?
Yes, with features such as Stop Loss/Take Profit, Negative Balance Protection and Trailing Stop IQ Options allow you to optimize your risk management. It's important that you know the risks when you trade with leverage, and IQ Option gives you peace of mind. The negative balance protection feature is not available for binary trading. Because you will never risk more money than in your trading account with this trading strategy.
How does a broker make money from you?
How IQ Option will make money depends on the asset you choose to trade. If you start with options trading The broker will keep 100% of your investment if the market movement predictions are wrong. The advantage is that there are no commissions on trading. And you don't have to worry about spreads.
If you trade assets like Forex or Stocks with added pip spreads. The broker will not have a financial stake in the outcome of trading. Because they will make money on each trade regardless.
Finally, fees and commissions are also a source of income for brokers. But it is fair to say that IQ Option is known for its extremely low fees. So that's not an important factor.
(Risk Warning: Your capital may be at risk)
Customer support for merchants
One special service offered by IQ Option is 24/7 customer support for traders. You can always call an IQ Option expert or write to them via chat. Customer support is available in the form of email, chat and phone. For example, VIP traders get their own account support manager.
There is support as a trading platform in different languages. IQ Option has international branches and is expanding. for beginners There is a trading tutorial. You can read the market information for each asset you want to trade. There is also a news calendar for forex, cryptocurrencies and stocks.
All in all, the support acts professionally. from our test They respond very quickly. And you will get answers to your questions.
Facts about support:
- 24/7 support
- Support multiple languages
- Email, Chat and Phone
- VIP account manager
- There are more than 200 educational videos.
- Market data and news for assets
receiving country
Depending on your country, you will register with one of the companies operating under the IQ Option brand. In addition, the trading conditions and available trading instruments will differ.
These countries are not accepted: Afghanistan, Albania, American Samoa, Australia, Belarus, Belgium, Canada, Czech Republic, Comoros, Crimea, Cuba, Democratic Republic of the Congo. People's Republic of Donetsk and Luhansk, Eritrea, Ethiopia, Guam, Haiti, Iran, Israel, Japan, Latvia, Libya, Mali, Myanmar, North Korea, Palestine, Portugal, Republic of Abkhazia. , Republic of South Ossetia, Russia, Spain, South Sudan, Sudan, Switzerland, Syria, Transnistria, Ukraine, United Kingdom, United States, Vatican and US Virgin Islands.
(Risk Warning: Your capital may be at risk)
What are the best IQ Option alternatives?
before we conclude the article We will introduce our favorite alternative brokers. Which you can see in case you are not confident about IQ Option.
Conclusion: Is IQ Option a Legit Online Broker? – We think yes!
Based on our experience and tests, IQ Option is a reputable company in trading financial products. It's a very famous law. online broker that allows you to invest in financial markets The facts in our review show that you found the right place. If you are searching for a reliable broker.
IQ Options is one of the best trading platforms for online trading. The platform is user-friendly and easy to use. In addition, professional and advanced traders are welcome. The biggest advantage of this broker is the small minimum deposit. customizable platform and good trading conditions Compared to other brokers, IQ Option offers a competitive trading environment.
Advantages of IQ Option:
- Free and unlimited demo account
- Minimum deposit 10$ and minimum trade amount 1$
- More than 300 different markets
- Forex, CFDs, Crypto, Stocks and Other Assets
- Very good and reliable trading platform
- 24/7 support
(Risk Warning: Your capital may be at risk)
IQ Option Review
summarize
Recommended overall IQ Option is a well-known company for more than eight years. And it is possible to create a free and unlimited demo account.
With IQ Option, you get access to many different markets and financial products. For traders, it has clearly been shown to be the best trading platform for investing online. (5/5 
)
(Risk Warning: Your capital may be at risk)
The most frequently asked questions:
Is IQ Option safe?
The broker is very safe. You can use 2-factor authentication to increase the security of your account. All funds are held in European regulated banks.
How long does it take to withdraw funds?
IQ Option verifies your withdrawals in a maximum of 1 -3 business days, our tests show that withdrawals through some methods can be made within hours. Some methods take much longer.
What is the maximum leverage?
The maximum leverage depends on your assets. The maximum leverage can be 1:1000 in forex. Moreover, European retail traders can only trade with a maximum leverage of 1:30.
Are there any hidden fees?
No hidden costs If there are any fees, IQ Option will let you know.
(Risk Warning: Your capital may be at risk)
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