IQ Option

Details

Broker IQ Option
Website URL https://iqoption.com/
Trading Platform IQ Option Trading Platform
Minimum 1st Deposit 10$
Bonus 84% of retail CFD accounts lose money
Leverage Up to 1:30
Free Demo Account No
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 88

Pros

  • Reliable and Secure Trading Platform

Cons

  • Average number of trading assets

Is IQ Option a Trusted Broker where traders can feel safe of their money?

Is IQ Option Regulated and Reliable Boker? Learn more about IQ Option by reading this review.

IQ Option is a trading platform founded in 2013, and allows you to trade Forex, commodities, options, cryptocurrencies and stock CFDs.

With more than 7 million registered users, IQ Option is considered to be one the leading Online Trading Brokers in Europe and Worldwide.

IQ Option website is iqoption.com/ft_boxes] [ft_boxes box_style='check' ] Iqoption.com is owned and operated by Iqoption Europe Ltd.

Regulations

IQ Option is regulated by CySEC, the Cyprus Securities and Exchange Commission. The company is a full adherent to the regulations of this entity, holding the License No. 247/14.

IQ Option is regulated by FCA, the Financial Conduct Authority under the Reference Number 670182. UK Traders can trade legally to IQ Option.

non EEA Traders have more options when trading to IQ Option. If you live in a non EEA country, then visit IQ Option Website Through this Link

 

Platforms and Interfaces

IQ Option offers support for mobile (Apple and Android), desktop (MacOS and Windows) and browser (Chrome, Opera, Firefox and Safari).

The website supports the following languages: Indian, Pakistani, Russian, English, Chinese, Spanish, Portuguese, Indonesian, Turkish, Italian, German, Korean, French, Swedish and Thai.

IQ Option lets you trade up to 25 ETFs with 25:1 leverage. These ETFs give you access to stock market indexes like the S&P 500 and the Dow Jones.

You can sign in using your Facebook or Google account, or sign up for an account using your e-mail address.

IQ Option demo accounts offer $10,000 in virtual money. This allows you to practice trading strategies and techniques in an environment exactly like that of the real account. You can gain access to the real account with a deposit as small as $10.

 

VIP Account (Non EU Residents)

The VIP account carries with it significant benefits, such as a personal account manager, personal tutoring, access to exclusive training materials, increased profitability, faster withdrawals and free registration to the site’s trading tournaments.

VIP accounts are not available to citizens of the EU or of course any country that is restricted from trading on the site. To get access to the VIP account, you must deposit $1900 USD of have a trading volume of $15,000 over a period of three months.

 

Deposits and Withdrawals

Before you can deposit funds, you will have to verify your identity. These requirements vary by country, but in the EU, it will entail providing your phone number, name, address, trading experience and photo ID.

IQ Option supports the following payment systems for deposit and withdrawal of funds: Visa, Visa Electron, Mastercard, Maestro, WebMoney, Skrill and Neteller.

 

Trading Instruments

CFDs on Stocks

IQ Option allows you to purchase CFDs on 189 stocks, all of which are traded on either the NYSE (New York Stock Exchange) or the NASDAQ.

Cryptocurrencies

IQ Option gives you the ability to trade the following cryptocurrencies: Bitcoin, Binance Coin, Stellar, IOTA, Dash, Ripple, ZCash, Cardano, Ethereum, Bitcoin Cash, Litecoin, TRON, NEO, Cosmos, NEM, EOS, OmiseGO, Ontology, Bitcoin SV and QTUM.

Options

IQ Option also offers options on Forex currencies and various stocks. These are not traditional options, but rather binary options, which have a fixed return if the price has gone up or down when the option expires. The site also offers another kind of binary option, that the site calls “digital options” These are similar to binary options, except that they have a return that varies proportionally with the increase or fall of the underlying asset. Binary options for stocks are not available but both binary and digital options for Forex currency pairs are available.

The binary and digital options are not available to citizens of the EU.

Forex

IQ Option gives you access to trading in 74 currency pairs. All of the major pairs and cross-currency pairs are represented. 45 exotic pairs are offered, including: NZD/SGD, NOK/DKK, CHF/SGD, EUR/HUF, NOK/JPY, GBP/HUF, AUD/SGD, AUD/MXN, SEK/DKK, USD/THB, CHF/DKK, GBP/PLN, CAD/PLN, DKK/PLN, EUR/CZK, SEK/JPY, AUD/DKK, NZD/SEK, GBP/SGD, NOK/SEK, EUR/SGD, GBP/MXN, EUR/MXN, CAD/MXN, CAD/SGD, USD/HUF, EUR/DKK, NZD/NOK, USD/PLN, USD/CZK, GBP/ILS, USD/MXN, AUD/SEK, CHF/NOK, USD/DKK, SGD/JPY, AUD/NOK, GBP/SEK, NZD/ZAR, EUR/NOK, GBP/NOK, CAD/NOK, USD/SEK, PLN/SEK, USD/NOK, and USD/RUB.

Commodities

IQ Option offers four CFD commodities that can be bought and sold: Crude Oil Brent, Crude Oil WTI, Silver and Gold.

Leverage Levels

Financial Instrument Max Leverage (EEA Traders)
Forex 1:30
Commodities 1:20
Shares 1:5
Cryptos 1:2
EFT’s 1:5
*Trading Crypto CFD is not available for UK Traders
*Leverage Levels for non EU residents are much higher

Support

IQ Option offers 24/7 customer support with native language support and separate numbers for these countries: United Kingdom, Brazil, Singapore, India, South Africa, Portugal, Spain, Thailand, Australia, Argentina, Chile, Colombia and Mexico.

Withdrawal requests with a regular account can take up to three days. Using the bank transfer option may require you to pay a $31 fee (or equivalent). Withdrawals must be of at least $2 AUD.

There is also an inactive account fee that applies to accounts that have had no trades for 90 consecutive calendar days. The fee is $10 AUD, but it shall not exceed the total balance in the account.

 

The funds in the practice account can be replenished whenever the account balance falls below $10,000. Within the platform itself there is a live chat that can be utilized to get you support you need.

Research and Education

IQ Option has a blog that has many articles covering several different areas of trading that their website supports. Articles can be found on Forex, Stocks, Commodities and Indices. There is also an educational section pertaining to digital and binary options, as well as the ins and outs of technical analysis indicators like RSI (Relative Strength Index) and others.

IQ Option gives you a useful economic calendar for both Forex, stock and other significant financial events and when they will occur, all displayed in a calendar format. Icons indicate whether the event is expected to cause low, medium or high volatility in the affected instrument. Economic reports and speeches are listed, along with the currency that it is directly related to. Earnings reports for companies around the world are displayed and whether the earnings will be released before or after market let you see at a glance how to trade these events.

IQ Option also gives you video tutorials on how to use their platform and the basics of CFD, Options and Forex trading. Tutorials are also provided to teach you fundamental and technical analysis. Market news, information about the IQ Option company itself and news about new features are some other topics covered in the videos.

Competitions

IQ Option offers trading tournaments with prize pools of up to $50,000. Entry fees are only a few dollars and VIP members get free entry into these tournaments. The structure of these tournaments is similar to a poker tournament in that the top finishers get payouts, with the winner getting the highest payout and the prize amounts descending from there. You can also perform rebuys to get back into the tournament when you run out of money in your tournament account.

Conclusion

IQ Option is well-regarded and offers a wide array of financial instruments to trade. However, it is off-limits to residents of the U.S., Canada and Japan. While this eliminates a large number of competent traders, it is still open to much of the world. However, their support can be slow and unresponsive unless you get the account manager that comes with the VIP account.

 

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% 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.


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