Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Get Your Sign-Up Bonus Now!
Good Choice For Experienced Traders! 2nd place in the ranking!
Is IQ option legal or not?
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plz …sibil or cibil.. not allowed in india for this iqoption … if u try to withdraw they say sibil doesn’t allow us to do.. and they will block your account on next day or after your signout.. simply they say “plz say your strategy..we detect you have monitored “.then you have to run to the consultant he will retrevie the entiire amount you invested not profited.. for that consaltant 10% goes.” you will be pissed off within these days.. after that another idiot greedy guy goes..
majorly in india where the poor background less and law free suit make brokers to take advantage.
Hello there, thank you for your question.
Yes, IQ Option is an absolutely legal application, we work in more than 170 countries all over the world for almost 5 years.
We are a regulated broker and have an agreement with every trader which is called Terms and Conditions.
From our side we are obliged to fulfill all the responsibilities and expect the same from traders.
Honest IQ Option Broker Review 2020
|(5 / 5)||CySEC||10$||up to 100%+|
Is IQ Option a reliable broker or not? – In the financial sector, it is hard to find a good broker because the selection is quite large. On the internet, you can read a lot about scams and fraud. IQ Option is very popular for traders, but is it really worth to invest your money there and how good it the broker? – In this review read more about the facts and the conditions for traders.
The official homepage of IQ Option
What is IQ Option? | Facts about the company
IQ Option was funded in 2020 as a Binary Options Broker for everyone. The strengthening of the company is the low investment amount (minimum deposit) and the flexible trading platform. The broker is based in Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus (EU) and is there regulated by the CySEC too.
Nowadays there are more than 2 million trades executed on the platform daily. The broker wants to give the trader an all in one platform with a huge variety of different assets and financial products. Personally, I know this broker since 2020 and they always improve their service and offer for traders. With a rising customer base, the payouts of the broker are rising too. 2020 they withdrew more than 11 million $ every month.
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Get Your Sign-Up Bonus Now!
Good Choice For Experienced Traders! 2nd place in the ranking!
Facts about the company:
- Headquarters in Cyprus (EU)
- Broker since 2020
- You can use small investment amounts (1$)
- All in one trading platform
- High asset profit of 100% for Binary Options
- No hidden fees
How safe is the broker? – Regulation and safety of customer funds
The broker is based in the European economic area and uses the best banks for the client’s money. The broker money is separated from the customer’s funds. This is a big advantage and deletes the conflict of interest. In addition, they use different encoding techniques for providing a safe platform.
The trading account is very safe too. For example, you can use 2-factor authentication. After your login, you will receive an SMS message with a login code. You get only access to your account when you use your smartphone. The option can be turned on or off.
Facts about the safety:
- Regulated in Europe by the CySEC
- Safe customer funds on different banks
- Regulated payment methods
- Safety options for your account
Conflict of interest is a critical topic for the most brokers. Not for IQ Option. The broker hedges the positions of its clients in the real market for Forex, CFD, and Crypto. On the other hand, they hedge the Binary Options between the traders and there is no conflict of interest. In conclusion, the broker is one of the safest companies in the world and payouts are guranteed.
Review of the conditions for traders and trade offer
On the trading platform are more than 500 different assets available. You can trade them with Binary Options or Forex/CFD. Also trade Stocks, Options, ETFs, and cryptocurrencies with the minimum amount of 1 dollar.
Assets of the IQ Option platform
The most traded financial product on the platform is Binary Options. You can choose an expiry time between 30 seconds and at the end of the month. IQ Option gives a trader the flexibility to develop his own trading style. The asset profit of Binary Options is compared to other brokers very high. With a normal account, you get some time over a 100% return. The VIP account gives you 5-20% more return (available with more than 3000$ deposit).
Forex, Commodities, Stocks, and Cryptocurrencies are tradeable with a spread of less than 1.0 pip. The spread depends on your asset and market conditions. In addition, you can trade with a maximum leverage of 1:1000. That is very high, but you can change the leverage before each trade. European traders have to use the maximum leverage of 1:30 because of the new regulation.
In conclusion IQ Option makes a very reliable impression for me. The range of assets is quite high and the fees are at the lowest point compared to other brokers.
Advantages for traders:
- One broker for different financial products and assets
- Competitive trading fees
- Fast execution for trades
- Trade 24/7 on the platform
|Binary Options, Forex, CFDs||Commodities, Stocks, Forex, Cryptos||100%+||Less than 1.0 pip|
Review of the IQ Option trading platform
IQ Option offers a unique trading platform (picture below) for the browser, desktop, smartphones, and tablets. From my experience, the platform is flexible and very customizable. The goal of IQ Option is it to make trading very simple. Beginners should be familiar with the platform in a few minutes.
It is an all in one platform because IQ Option offers so much opportunities to invest in the financial markets. You get access to a wide range of assets with a few clicks. The transactions are clearly shown in the platform so that transparency is given.
Use different types of charts and popular indicators for your own strategy. You can customize the chart by yourself. Multicharts for a better analysis are available. It would be too much if I show you all the options on this page. Just predict the asset price direction and open your first trades. You can always trade a long or a short position. In conclusion IQ Option got one of the best trading platforms compared to other brokers.
Screenshot of the Trading Platform
Furthermore, the platform is available as an app for desktop, smartphone or tablet. The broker says that the app for the computer is much faster than the web version. The broker´s portfolio is complete with mobile trading for its clients.
Benefits of the platform:
- All in one platform
- A wide range of indicators
- Flexible and customizable
- For desktop, browser, smartphone, and tablet (apps)
- Fast trade execution
Professional charting and analysis is possible
For analysis, it is important to use the chart. Different strategies can be accomplished with the trading platform. IQ Option provides 4 different types of charting. You can customize them within the color and the timeframe. The settings are automatically saved by the platform or you can do it manually.
Use more than 18 different timeframes. It is possible to use between a 5-second chart and a 1-month chart. The diversity of options is very huge on the platform. The Broker always tries to improve its offer for his clients.
Another point to mention is the graphical tools and indicators. Use more than 5 different graphical tools (included Line, Trend Line, Horizontal Line, Vertical Line, and Fibonacci Lines). Technical analysis works reliably in the markets and is used by more than 100 years of financial trading. Also, the graphical tools are customizable within the colors and the thickness. For example, you can lock them in and they will not move in the future.
Trade with more than 20 different technical indicators. The features are available in the mobile app too. The most popular indicators are the Moving Average, Bollinger Bands, RSI and ATR. In conclusion, the broker provides a big range of different analysis tools for your success in trading. Another big advantage is that they are fully customizable.
Widgets and indicators
At the latest, there are different widgets to customize your trading platform. Watch the Current Buy/Sell ration for the selected asset with the Traders Mood. You can generate different trading ideas because of that. Furthermore, it is possible to see the trades of other traders in the chart. In my opinion, it can be a motivation for your trading. In addition, pop up news is available directly in the chart. The news depends on your chosen asset.
Trading Tutorial: How to trade with IQ Option
IQ Option offers a huge diversity of different financial products to trade the markets. The most popular product of the broker is Binary Options. From my experience IQ Option is one of the best brokers for binary trading. Binary Options are the most traded product on the platform. In this section, I will show you how it works.
If you want to trade Binary Options successfully, you have to make the right forecast of the market movement. Risk and profit are limited. Special for Binary Options is the expiry time. You have to choose between different time horizons. It can be longterm or short-term. The trade automatically closes after the expiry time. Bet on rising or falling markets. The price has to be below or upper your entry point.
Make a forecast for the market movement
How to trade Binary Options?
Predict the asset price direction in a certain expiry time and invest any amount of money. If you invest 100$ and make the right forecast, you will win the trade and get a payout of 195$. 100$ is the return of your investment and 95$ is the profit. It is very easy to understand and you can practice it with a demo account. The profit is fixed by the broker and the asset movement do not influence it.
On the other hand, Forex/CFDs/Stocks/Cryptos will give you a profit by moving in the right way of your forecast. The further the markets go in your direction the more profit you will make. You can open and close the trade at any time and limit your risk with a stop-loss. In addition, you can set automatic profits with the take profit. One the platform you can learn more about it. IQ Option offers a wide range of educational material for beginners and advanced traders.
How to trade Forex?
Forex is one of the beloved markets in the world. Also, it is the most traded market with more than 3 trillion USD every day. You can trade different currencies against each other. At the moment more than 174 Forex pairs are available on the trading platform. The Forex trading is leveraged up to 1:1000. That means you can multiply your investment amount by more than 1000 times. Before you start trading you can choose your own leverage of the trade.
If the currency moves into your price direction, you will get profit each moving point in the market. There are no expiry times and other rules like Binary Options. The stop-loss and the take-profit are important tools in forex trading because they automatically close the trade on a certain price. You can manage your risk with the trades.
Facts of Forex Trading with IQ Option:
- More than 100 different Forex-pairs
- Low spreads
- High liquidity
- Leverage up to 1:500
Invest in international Stocks and ETFs (CFDs)
Stocks and ETFs are popular products like Forex. Choose between 10 different stock exchanges (IQ Option improves diversity) worldwide. You can go long or short on Stocks and ETFs. Also, the multiplier is available for them. Stocks are very sensitive to news. With the news-calendar, you can generate trading ideas quickly on the trading platform.
ETFs are like a stock collection and traded on the stock exchange. You can build a wide-ranging portfolio with them. Stocks and ETFs are traded as CFDs (contract for difference). You do not have to buy the underlying asset to generate a profit. You just buy the contract on any asset you want. The advantage is that you can go short and use a multiplier to increase your profit.
Facts about Stock and ETF Trading:
- Trade stocks, commodities, metals, crypto, and more
- Low and competitive spreads
- Leverage up to 1:500
- Short trading is available
IQ Option Cryptocurrencies (with leverage and without)
2020 and 2020 was the year of the new Cryptocurrencies. Some crypto exchanges stopped to attract new clients and they closed the registration. It was like a trend for investing money. In 2020 the market dropped down very hard. With IQ Option you can trade in both directions of the markets. This is not possible on the most trading platforms. Trade Bitcoin, Ethereum, Ripple, Iota and more on the platform.
Nowadays 24 Cryptocurrencies are available to trade. Another big advantage is the multiplier/leverage for Cryptocurrencies. For example, it is allowed to use a multiplier of 100x on Bitcoin. This is a huge amount of leverage. So you can make more profit on small market movements. In addition, there are no overnight fees for trading crypto without leverage. In conclusion IQ Option is one of the best flexible crypto platforms for fast investing your money.
How to use the Leverage/Multiplier
IQ Option offers huge leverage for some financial products. Always the leverage depends on the traded asset. The maximum leverage is 1:1000. That means if you invest 1$, you are trading the amount of 1000$ on the market. Different strategies are possible because of that. In my opinion, a multiplier is a great tool to increase your profit. For small investments, it is necessary to use a multiplier. With IQ Option you can change the multiplier in every new trade. This is a big advantage in comparison to other brokers.
Mobile Trading for any device
Nowadays mobile trading is sometimes necessary because of political or fundamental news. Also, it is important to check your portfolio when you away from the keyboard. IQ Option provides a mobile app for Apple (IOS) and Android users. I was surprised by using the mobile app that the program is flexible and smooth like the trading platform for browser or desktop.
Binary Options are forbidden in the Appstore but you can trade Forex/CFDs/Crypto with the apple app. In the app, you can directly chat with the support of IQ Option or chat with other traders. This is a good way to improve your results or ask questions. There is no difference in the order execution in the app or trading platform.
Learn to trade with the free Demo Account
Especially for beginners, it is important to practice trading in the demo account. This is an account with virtual money. So you trade without risk. IQ Option offers you a free and unlimited virtual account. With one click you can change between your real and demo account.
There is no difference between the demo and real account. I tested it and the conditions are the same. Furthermore, it is important for advanced traders to improve their own strategy in the demo account. Directly in the platform, you can watch as beginners the education videos and analysis of IQ Option.
The account is capitalized at 10.000$. This is the best amount for testing the platform. If you make some losing trades, you can easy recapitalize the account with one click. In conclusion IQ Option offers one of the best demo accounts for trading.
Facts about the Demo Account:
- Free and no hidden fees
- Demo account with 10.000$
- You can deposit virtual money with one click
Open the real account is very easy
The real account is combined with your demo account. With one click you can change between these 2 accounts. For the registration, you only need your name, email and a secure password. The account opening only takes the time of 30 seconds. After the registration, you can start practice in the demo account or deposit your first money. It is possible to trade without verification.
I recommend doing a verification before you start investing real money because withdrawals without verification are not allowed. Just upload some personal documents and the account will be approved in less than 24 hours.
For beginners there is a complete tutorial on the IQ Option trading platform. For further questions, you can ask the chat-support.
- Verification in less than 24 hours
- Change between demo and real
- Fast support for questions
Review of the deposit and withdrawal with IQ Option
In this review, we will have a look at the deposit and withdrawal options. From my experience, the payment system of IQ Option is one of the best. First of all, you can start with a small investment amount of 10$. There are different payment methods for deposit and withdrawal. Every trade should be able to capitalize on his account.
Withdrawals are processed within less than 24 hours. IQ Option is not a scam, because often I paid out and I know a lot of other traders who did it. In conclusion, the company provides you the best service. You can use Creditcards, E-Wallets, Cryptos or Bankwire for your deposit and withdrawal.
Regulated and fast payments
These payment methods are available:
- Credit Cards (Master/VISA)
Is a bonus available?
At the moment there is no bonus for clients and their deposit. In the past, there was a deposit bonus. Nowadays they deleted the bonus because only a few traders used this service. In my opinion, the professional and successful trader does not need a bonus for their account to make a profit.
Which fees can occur with IQ Option?
Are there any hidden fees? – No, there are not any hidden fees for you. Withdrawals and deposit are without any fees. It is completely free. In addition, there are some fees for the trading instruments and an inactive fee:
- Binary Options: No fees for trading.
- Digital Options: No fees for trading.
- Forex, CFD, Stocks, Crypto spread: You always pay the market spread of the asset. The spread value depends on the asset. For example, popular assets got a lower spread. It is the difference between the buy and sells (bid & ask) price in the market. IQ Option takes this fee for earning money and get paid. Compared to other brokers the spread is very low. Sometimes IQ Option makes a special event with lower spreads. The regular spread is between 0.010 and 0.030% in forex trading. Always you can see the spread transparent in the trading platform.
- Leverage: Leverage is borrowed money. If you hold a position longer than one day with a multiplier, you will get charged an overnight fee. This fee depends on the asset and the multiplier. You can see it transparent in the platform or you can ask the support for help.
- Inactive fee: IQ Option charges a fee for inactivity after 90 days. The fee is 50$. If your account balance is zero, they can not charge this fee.
Account Types (VIP)
IQ Option offers a VIP account for deposits more than 3000$. You will get a VIP-Manager, increased profitability, better support, and unique offers. Important to know is that you have to deposit more than 3000$ in one deposit. If you deposit 3000$ in more than 1 payment, you do not get the VIP-status.
The VIP Account gives you more return on profit
Increased profitability is a big advantage for Binary Options. You earn more money in your trades. The increased profitability is between 5% and 21%. It depends on your traded asset. In the platform, you can see the return on investment by a symbol next to the asset.
Another advantage is VIP-training. You will get access to different PDFs only for VIP-members. Furthermore, you can book direct sessions with your VIP-manager. The support is very comfortable and they will care about you in different ways. In conclusion, a VIP-account is a good opportunity to get more profit and knowledge for your success in trading.
Tournaments and Contests for beginners and advanced traders
Tournaments and Contests for trading with Binary Options. In most cases, more than 3 different Tournaments are available for traders. Each Contest got his own condition for trading. You can win a huge amount of money in a short time. Now I will show you how the Tournaments are working:
If you take part in one contest, you will get a separated account for the contest. It is like the demo account with virtual money. Now you have to make a profit and compete against other traders. Do not blow up the account otherwise, you have to pay the registration fee again. Sometimes there is a big prize pool of 100.000$. This is a good way to earn money with a small investment.
Facts about the battles:
- Compete against other traders
- Pay a registration fee
- Trade with virtual contest money
- Make as much profit as you can
- The first places win a huge amount of money
- Example: You can win money with the place of 30. This depends on the Tournament.
Tournaments and Contests
These countries are available for IQ Option Traders
As mentioned before IQ Option is an international broker. The trading industry is growing constantly and more people like to invest their money in simple steps. Asia and Africa it the biggest area of the broker. The broker provides support in more than 20 different languages. It is multiple and they accept more than 200 different countries.
These countries are not accepted: the USA, Iran, Israel, Australia, Canada, North Korea, Japan, Latvia, Syria.
In fact, Asian is the fastest growing market and the broker try to improve their support for Asian traders. Also, trading is legal and very popular like gambling but is IQ Option legal in India, South Africa, and other countries? – Yes, it is. After my research, there are not any illegal actions of the broker for this region.
The broker added different Asian and African countries to their offer:
Are robots and trading signals provided?
Robots and automatic trading are not provided by IQ Option. In addition, it is very difficult to create a robot because they got their own unique trading platform. So expert advisors cannot be used.
Furthermore, there are no trading signals from the broker. The broker prefers that traders use their own knowledge to make a profit. In the trader’s chat you can talk to other clients to generate trading ideas. This is a way to get signals from other traders. Personally, I do not like signals and robots because you are not independent if you use them.
On the internet, you will see videos of IQ Option robots or bots which are trading with high profit. This is to 99% a scam for your money. You should not try to use a bot because the seller wants to steal your money. Besides, IQ Option does not allow automated trading. Your account can be banned without warning.
Review of the support and customer service for traders
As a reputable broker, IQ Option also offers a good service to its clients. The support is available 24 hours a day via phone, chat or email. For beginners, there is a big education center with over 200 different videos. In addition IQ Option offers account managers and VIP managers. They will help you to understand the platform better.
Furthermore, IQ Option provides daily analysis and news for trading. You get access directly to market news through the platform. In conclusion, the support and service of the company are very good. The biggest advantage is the 24-hour support via chat.
|Phone, Email, Chat||More than 20||[email protected]||+44 80 0069 8644|
Conclusion of my review: Is IQ Option legit?
IQ Option is interesting for beginners and advanced traders. Definitely, IQ Option is not a scam. It is a reliable European broker for trading Binary Options, Forex, CFD and more. In conclusion, the broker offers a wide range of financial products for the traders. First of all, I recommend using the demo account. You will be surprised by how good the trading platform works.
It is an all in one platform for the financial markets and one of the biggest. IQ Option is one of the most popular brokers in the world and I can confirm that. This review showed you the facts and a lot of information about the company. I think you are now ready to invest in the platform by using your money and start becoming a successful trader.
The advantages of IQ Option:
24 hour support
Start with a 10$ investment
More than 500 different assets
Diversity of financial products
All in one platform
High asset profit of 100%+
IQ Options shows clearly the best conditions and offers for traders (5 / 5)
Beginner’s Guide to IQ Option: Complete Review
IQ Option is an online trading platform that enables customers to trade a variety of financial instruments and assets such as Binary Options, Stocks, Forex and of course Cryptocurrencies.
Founded in 2020 and operated by IQ Option Ltd, the site has quickly became one of fastest growing online trading platforms and claims to have over 20 million account holders from around the world.
IQ Option is also based in Cyprus and regulated in the EU by the Cyprus Securities and Exchange Commission (CySec), the company is fully compliant with the legislation put forward by the commission and fully authorized to sell their products to clients in a number of jurisdictions.
Risk Warning: Your capital might be at risk.
Take a look below as we walk you through the site and offer our full review of the service.
IQ Option at a Glance
|Minium Initial Deposit
|Asset Coverage||CFDs, ETFs, Forex, Cryptocurrency, Stocks, Indices, Commodities|
|Leverage||30:1 Retail Traders, 1000:1 Professional Traders|
|Trading Platforms||Proprietary Web, Mobile App|
What it Offers
IQ Option is a comprehensive trading platform that provides its users with a wealth of alternatives, and after starting out as a binary options broker, IQ Option now allows customers to trade Contracts for Difference (CFDs) on stocks, Cryptocurrencies, Exchange Traded Funds (ETFs), Forex, and a range of various digital options.
- CFD on Stocks – IQ Option allows users to trade CFDs on stocks from over 176 different companies, including the most successful businesses listed on the NASDAQ and NYSE.
- Cryptocurrencies – Users can also trade 12 of the top cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA, and Dash.
- ETFs – EFT trading is a relatively new product, and ETFs work by tracking commodities, indices and baskets of assets. These can be traded in the same way as common stocks, and traders can choose from approximately 4288 different ETFs.
- Forex –FX trading, or Forex, is an extremely popular trading market and IQ Option provides access to around 188 currency trading pairs. This allows users to trade their favourite foreign currencies with ease.
- Options – Users can speculate on the price of a number of different assets, which include currencies, stocks, indices and commodities. The platform currently provides a gateway to over 10 million options.
IQ Option Demo Account
Like many competitors, IQ Option offers a demo account. However, IQ Option’s demo account stands out. This is because there is no limit on how long you can use the demo account. That allows you to get truly comfortable with your trading techniques. It also allows you to test new trading strategies in the future.
The IQ Option demo account includes $10,000 in virtual funds. If you use all of those virtual funds, you can easily have the amount replenished, allowing you to continue practicing your trading techniques.
Another standout element of the demo account is the fact that you do not need to provide personal information before using it. This is not always the case with competitors. The lack of personal information required for a demo account helps potential clients protect their privacy.
IQ Option Real Accounts
IQ Option requires a low minimum deposit and new traders can start off by just depositing $10 in order to gain access to a live account, there are currently two trading account options:
- Real Account. This can be accessed with the $10 minimum investment and there are no restrictions on trading functionality. This account provides access to over 70 assets and users can request withdrawals that are processed within 24 hours. Real account holders can also take part in various trading competitions held on the platform ( customers outside of the EU ).
- VIP Account. – This is available to Traders who:
- Make a deposit of $1900 or an equivalent amount in other currencies, or Have a trading volume of $15000 “IQ Option Ltd. provides VIP status for traders from non-EEA countries”
- In addition to the features found on the real account, the VIP account also includes a personal manager who is always ready to assist traders with any queries and issues. The VIP account also comes with a monthly report on user trading records, which is performed by the platform’s analysts and gives customers valuable feedback on their performance.
IQ Option Signup
The best way to get started is to sign up via Facebook, Google, or to simply create an account by using an email address. After inputting your details and creating a password you can proceed.
When this is done you can immediately use your practice account or top up your real account before moving on to live trading. A pop-up will notify you of the creation of both your practice account and real account.
IQ Option has developed its own proprietary platform and this makes navigating the site an enjoyable experience. The platform has been generally well designed with an intuitive approach and it’s quite easy to locate all the various tools and features. The free demo account also provides users with the possibility to trade with all of the underlying assets. As a result, there are a variety of options regarding types of trades and users can quickly switch between their preferred assets. The platform also offers a range of charting tools such as Bollinger bands and moving averages which all help enhance trading capabilities.
IQ Option Deposits
With IQ Option, there is a minimum deposit of 10 USD/GBP/EUR. You can select your preferred form of deposit, and IQ Option does not charge any fees for depositing funds.
To make your first deposit, you will need to go through the account verification process which in the EU involves adding your phone, personal information, adding your trading experience and uploading photo identification. Different countries will have different requirements and also will need verification to make withdrawals from the site.
IQ Option offers its customers a number of ways to make deposits and withdrawals to and from their trading accounts. Users can currently use debit services such as Maestro and Visa Electron, or credit cards like Visa and Master Card. Customers can also use a host of payments processors such as Skrill, WebMoney, Cash U, Neteller and Moneybookers.
There is also the option to process payments via Wire Transfer and the current minimum withdrawal amount is $2, while the estimated time to withdraw funds is 1 business day. Your bank may charge fees for this process.
As of the time of writing, IQ Option still does not allow for deposits via PayPal. However, the platform is working to make this an option.
IQ Option Withdrawals
When it comes time to withdraw funds from your IQ Option account, the method used will vary based on the deposit method. In the case of deposits via a credit or debit card, you must withdraw the initial deposit amount onto the card. Since this transaction gets processed as a refund, you can only withdraw up to this amount to your credit or debit card, including deposits made within the past 90 days. Any profit that is over this amount will need to be withdrawn via a bank transfer or your chosen e-wallet.
The e-wallet options for withdrawals are identical to those for deposits, including Skrill, WebMoney, and Neteller. Alternatively, you can withdraw those profits via a bank transfer. Keep in mind that opting for a bank transfer does come with a fee of $31. In the case of deposits made via an e-wallet, you must withdraw the funds to your same e-wallet account.
Regardless of your withdrawal method, IQ Option will process your request within three business days. Bank cards and payment providers may require additional processing time.
Keep in mind that before you can withdraw funds from your IQ Option account, you must verify your account by submitting identification documents. This involves uploading:
- A photo ID, such as a driver’s license or passport
- In the case of a deposit made via a bank card, you must also upload an image of both sides of every card used. Hide the CVV number and the middle digits of your card number. Keep the first six and final four digits visible. This is for your own security.
How to Trade on IQ Option
Trading on IQ Option is relatively intuitive and the trading platform is very well designed. You will see the chart is in the center with buy and sell boxes to the right hand side. Your balance is displayed at the top along with any assets you are currently trading.
You can use the drop down located at the top left of the chart area to choose which instrument to trade. The drop down contains FX Options, Forex, Stocks, Crypto, Commodities, Indices and ETFs and from that you can then select or search for your chosen asset.
You trade right from the Web Trader’s interface. To the right of the graph for your chosen asset, you will see options to buy and sell. You simply fill out the amount of the asset you wish to purchase and submit your order.
You can also place an order easily via the mobile application, and the overall setup is very similar. To the right of your chart, you will see the same options, with the ability to adjust investment, leverage, and price and then select buy or sell. For clarity, this section of the trading platform will also display the spread.
Users can also easily search for their favorite cryptocurrencies and analyze all of the most relevant and up to date information. In addition to offering Bitcoin and Ethereum, IQ Option also offers at least 10 other cryptocurrencies to trade. These include Dash, Ethereum Classic, IOTA, Ripple, Litecoin, and Monero.
Risk Warning: Your capital might be at risk.
The interface also provides easy to find links to chats, trading history, and customer support, and in the event of any issues, users can quickly open up a dialogue with the support team. Another standout feature is the resources section that provides access to training and education materials. A number of short training videos are integrated into the site and traders can access these resources without having to leave their training accounts.
The demo version of trading platform is also the same as the live version, and traders can improve their skills by using the $10000 of virtual funds that come with the practice account. Even if things go badly, these funds can be replenished, giving traders a consistent pool of funds to practice with.
Order Types & Stop Loss Tools
As is expected of modern trading platforms, IQ Option gives traders a range of order types to reduce risk and customize the trading experience. The variety of order choices lets traders create strategies that are short-, medium-, or long-term and featuring a variable return. Multipliers let traders increase the risk level for an investment with a corresponding increase on the return.
Stop loss orders let traders set maximum losses that they will accept, automatically closing the trade if it is triggered. Take profits do the same thing but when the trade reaches the profit you specify. A trailing stop will lead to dynamic operation of an auto-close at loss, moving with the price in the direction the trader indicates. Purchase at preorders lets traders set a price at which enter the market.
To supplement the order types, IQ Option offers a range of tools for setting stops and take profits. While most brokers just let you select the asset price, IQ Option lets you set the take profit or stop loss at either a percentage, numerous loss, or specific asset price. There is also the choice to apply the dynamic stop loss or trailing stop and the ability to use the balance to keep a position open if it exceeds the stop loss.
There are numerous order types available with IQ Option, with the specific types of order available varying by asset.
- Multiplier orders allow you to increase the return on investment and your level of risk via a coefficient. This is a popular tool among advanced traders, but it should only be used by those with experience due to the increased risk. When used properly, it can dramatically increase potential profits.
- Stop loss orders let you set maximum losses that you will accept. When this type of order gets triggered, it automatically closes the trade to minimize your losses.
- Take profit orders are almost the opposite of a stop loss order. You indicate the amount of profit you want to reach, and the order automatically closes when it reaches this point.
- Trailing stop orders build on the idea of a stop loss by dynamically using auto-close at stop. A trailing stop order will move with the changes in price in the direction that you indicate.
- Finally, a purchase at or pre-order lets you choose the price at which you want to enter the market. When the market reaches this point, the trade will automatically be executed.
To ensure traders can get the most from the IQ Option trading platform, the broker offers a long list of charting tools that can provide insights and help clients craft their trading strategies.
Candle charts are among the most popular for IQ Option traders. These candles indicate a period of time, with solid colors indicating volatility during the given period and points marked for the price at both the beginning and the end of the given period.
Hollow candles are similar. However, instead of always using solid colors, the positive candles are hollow and the negative candles are solid.
IQ Option also offers area charts that show the price in the form of a line, complete with shading for the area underneath. Line charts are similar, but the area underneath the line is not shaded.
Finally, bars, like candle charts, cover a period of time you specify. They indicate the prices at the beginning and end of the period but do so with vertical lines. There are complementary horizontal lines that display the prices at open and close.
With the indicators on IQ Option, you can spot trends and better identify potential trades that will lead to profit. IQ Option offers 13 indicators that are available via the charting interface.
Many can be used independently or together to maximize your results and insights.
- Moving Averages (MAs) include Simple Moving Averages, Weighted Moving Averages, Smooth Simple Moving Averages, and Exponential Moving Averages. These can help provide insights into current trends and can be used with other indicators.
- The Moving Average Convergence Divergence (MACD) shows where moving averages converge and diverge, essentially visualizing the ratio between two Exponential Moving Averages (EMAs).
- The Parabolic SAR has a similar purpose to moving averages. However, the position changes based on the price and it moves in conjunction with higher acceleration. It shows up in a group of small dots.
- The Awesome Oscillator indicates a visualized ratio of two SMAs (Simple Moving Averages), with one fast and one slow. The indicator helps show new trends’ development and completion.
- Bollinger Bands are trend indicators showing a dynamic range for price movement.
- Volume Indicators show the quantities of your chosen asset that were bought and sold within a given period, indicating interest.
- The Alligator Indicator helps you assess market movement in terms of direction and assists with filtering Side Bands (no-trend periods). Overall, this indicator helps traders find emerging trends, and it is cross-functional.
- The Relative Strength Index (RSI) helps figure out a current trend’s strength, as well as potential reversal points. It compares asset price growth (absolute) with the total price reduction, showing it via a curve.
- The Stoch or Stochastic Oscillator indicators show a price’s current position in comparison to the extremes from your selected period. This is shown as a percentage and helps you determine likely reversal points.
- The Average True Range (ATR) displays a trading asset’s current volatility within your chosen period and determines the change rate of quotes.
- The Average Directional Movement Index (ADX) shows a trend’s strength before the price movement begins. It can also indicate potential market volatility changes.
- A fractal is a series that includes a minimum of five Japanese candlesticks, showing the local maxima and minima of price curves as well as market reversal points.
- Finally, the Commodity Channel Index (CCI) measures the speed associated with price movements. It helps traders determine upcoming market reversals and can detect extrema or assess a trend’s strength.
IQ Option places a good amount of focus on its users and the platform enables customers to trade with confidence by incorporating a number of features that greatly enhance the overall trading experience. These include:
IQ Option offers a mobile web trading solution in addition to a specific mobile application, which gives users greater flexibility regarding mobile trading options. The app has a clean, intuitive graphical interface and is easy to use; it also has most of the charting options found on the standard platform. The app also provides push notifications, and users can set key trading levels which result in alerts any time these levels are breached. The app works on tablets as well as smart phones and the platform is available to both Android and Apple iOS device holders.
If you are outside the EU, then Customers are provided with the chance to test their skills against other traders via a number of Binary Option tournaments. These frequent tournaments are usually around 30 minutes in length and require a small entry fee. After signing up, users are given $10k in virtual funds and at the end of the competition; the trader with the highest returns wins a prize.
The prize can be fixed or be related to the number of people who entered the tournament, and at best allows the winner to receive a payment of up to 100x the entry fee. If users deplete their virtual funds, they can buy in again and continue to take part in further tournaments. This provides users with an interactive way to test their trading capabilities as well as pick up new trading techniques.
As always, please note it is possible to lose your entry fees when taking part in competitions.
Education and Training Resources
IQ Option also makes a wealth of data available for all its users, and the site incorporates training resources that can benefit both newer and more experienced traders. These include various trading videos, as well as webinars and tutorials. Users also have access to a number of e-books and an FAQ section that covers the most common questions. These training materials provide valuable information to for traders of different abilities and experience.
IQ Option Affiliate Program
IQ Option offers an affiliate program for those who want to supplement their income by encouraging others to sign up to use the platform. When you become an affiliate, you simply share your affiliate link, whether this is on a website, blog, or somewhere else. From there, a user will click the ad or link. When they sign up, it will be associated with your unique ID.
Your rewards arrive when the users you encourage to sign up start trading on IQ Option. Based on the trading activity of the client, you can earn as much as 70 percent of the broker’s profit. This continues for life, allowing for passive income opportunities. The earnings are paid out two times every month, and you can choose your preferred payment method. To date, IQ Option has 115,410 affiliates in 178 countries. On the day of writing, IQ Option affiliates had already earned $35,015.50 just that day alone. You can view up-to-date figures on the countries, customers, affiliates, and amount earned by affiliates for the day on the IQ Option affiliate page.
The IQ Option affiliate program does not allow for a negative balance, as there are no deductions from your profit, only profits. There is also cross-platform support with options for mobile and web, multilanguage support, and universal links. The program even provides analytics, complete with reports that include data filters.
In addition to the regular affiliate program, IQ Option offers an IQ Option CPA program, which it advertises as among “the most lucrative” programs of its type within the industry. Qualified traders can receive payments between $35 and $1,200. As with the regular affiliate program, the CPA program receives payments twice each month and gets useful data. There is also a convenient calculator to determine approximate income from CPA program affiliates.
History of IQ Option in Numbers
As mentioned, IQ Option was founded in 2020. Since then, the broker has grown considerably and includes specific figures on its website to help show its growth. Starting with the number of active users, there were 8,110,000 registered users in 2020, which had nearly doubled to 14,680,000 by 2020 and reached 25,580,000 in 2020. This represents registered user growth of a whopping 17 million just between 2020 and 2020.
Not only did IQ Option have an expansive growth in active users, but the countries that these traders were from increased. In 2020, IQ Option had traders in 135 countries, growing to 148 countries in 2020, 150 in 2020, and 151 in 2020.
IQ Option also lists the figures related to trades throughout the years. Between 2020 and 2020, the number of daily transactions increased by nearly 70 times. Between 2020 and 2020, this figure grew another 2.5 times. For those interested in specifics, 2020 had an average of 646,000 transactions each day, which increased to 956,000 by 2020 and 1.8 million by 2020.
Or you can look at the figures representing growth in terms of trading volume per month. Between and 2020, this figure increased by about 23 times. In 2020, the figure was $16 million, which became $89 million, an increase of 5.5 times in just a year. By 2020, this was $184 million, more than doubling in just a year. Between 2020 and 2020, the monthly trade volume increased to a whopping $380 million. This means that for two consecutive years, IQ Option doubled its monthly trading volume.
That trading volume does not all stay inside the platform. Instead, there is also an increase in the amount that traders withdraw from the platform each year, showing that the active users are truly earning money. In 2020, traders withdrew $1.5 million per month, which became $5.8 million in 2020 and $10.8 million in 2020. In other words, 2020 saw 1.8 times more money withdrawn by traders from IQ Option compared to the previous year.
It is also worth noting that these withdrawals have increased in speed. In 2020, IQ Option made changes to offer instant withdrawals. This allowed for 68 percent of withdrawal requests to be processed immediately. Now, the average time for processing a withdrawal from IQ Option is just one day. The order processing has similarly improved, now averaging just a second.
IQ Option also offers indications of how its customer support has improved over the years. When chat support began in 2020, there was an average wait of 7 minutes for a reply in chat, which decreased to 4 minutes in 2020, 46 seconds in 2020, and 38 seconds in 2020. On a similar note, the amount of time it took to answer a ticket decreased from two hours in 2020 to 24 minutes in 2020 to just 16 minutes in 2020. Some of this is also due to the growth of the support team, which only had 25 members in 2020 but grew to 39 members in 2020 and 78 in 2020.
The number of affiliates has also grown from 3,000 in 2020 to 84,000 in 2020. This included 21,000 affiliates in 2020 and 48,000 in 2020. Along with the growth of affiliates, those affiliates have consistently earned more every year. Affiliates earned $200,000 monthly in 2020, $810,000 in 2020, $2.3 million in 2020, and an impressive $4.6 million in 2020.
IQ Option Awards
Over the years, IQ Option has accumulated an extensive list of awards, each of which shows off one of the platform’s strengths. The Academy of Interactive & Visual Arts honored IQ Option with the 2020 Award of Excellence, which is the highest honor from the Communicator Awards. IQ Option was recognized by the voting committee as the top trading app in the Financial category.
In 2020, IQ Option earned the Rising Star award for “The intelligent trading app for binary options” from the Mobile Star Awards, the largest annual awards program worldwide for mobile software and innovations. The organization praised IQ Option for its design and efficiency.
The Web Marketing Association honored IQ Option with the Best Technology Application in 2020 for the company’s mobile application.
IQ Option also earned the Century International Quality Gold ERA Award from the Business Initiative Directions Group as recognition for the company’s commitment to Excellence and Quality, especially within Customer Satisfaction.
Going back a bit further to 2020, IQ Option earned the title of Best Binary Options Broker Europe 2020 from the Global Banking & Finance Review. The broker also earned the title of Most Innovative Binary Option Platform from the IFM Awards in 2020, as well as the Best Mobile Trading Platform in the same awards.
Global Brands Magazine, which is a reputable brand observer in Britain, honored IQ Option with the title of Fastest Growing Binary Option Brand. In the Forex Awards 2020, IQ Option was named the Best Trading Platform. Also in 2020, the MasterForex-V awarded IQ Option as the World’s Leading Binary Options Broker and the Most Reliable Binary Options Broker.
The FX Report Awards named IQ Option the Best Binary Options Broker in 2020. In 2020, the same year IQ Option was founded, the company earned the title of Most Innovative Binary Option Broker from Moscow’s ShowFx World conference. At the IAIR Awards, IQ Option earned multiple awards, including the Best Binary Options Broker and the Best Binary Options Broker/Trading Application.
IQ Option Jurisdictions, Languages, and Countries
IQ Option has clients from 151 different countries. The platform and website are currently available in 13 languages, allowing traders from around the world to trade in a language they are comfortable with. For further international appeal, IQ Option lets traders select from one of the following currencies for funding: GBP, EUR, USD, Yuan, MYR, IDR, and RUB.
IQ Option is owned and operated by a company within the European Union. As such, IQ Option has a license from CySec, the Cyprus Securities and Exchange Commission. To receive that license, IQ Option met, and must continue to meet, minimum requirements related to marketing restrictions, client funds, and trading products. The registration in Cyprus as a financial services provider has number 247/14, giving IQ Option the ability to take on European clients, who then receive full CySec protections.
Due to CySec regulations, all client funds must be stored in segregated accounts that IQ Option cannot access for its own brokerage business. CySec regulators also offer a level of deposit insurance, which protects a certain level of all investments made with IQ Option if something happens to the broker.
IQ Option USA
Unfortunately, IQ Option is not available to traders in the United States. The broker is available in 178 countries around the world, but the United States has stricter restrictions and regulations, meaning American traders cannot use the broker. Other countries that you cannot use IQ Option in include Canada, Russia, Australia, France, Japan, Belgium, Turkey, Israel, Iran, Syria, and Sudan.
IQ Option Customer Support
IQ Option allows users to contact the support team via email, contact form and a chat function. The site claims to respond to all queries within 46 seconds and aims to resolve all tickets within 24 minutes. There are currently around 83 customer service specialists on the team and traders who require a more personalized service can upgrade to the VIP account which comes with a personal account manager.
IQ Option retains an international focus and aims to cater to traders from around the world. The platform offers the possibility to trade in a variety of different currencies such as USD, GBP, EUR, Yuan, RUB, TRY, IDR and MYR. In addition to this the site also provides support in languages such as English, French, Italian, Spanish, Portuguese, Chinese, Korean, Arabic, German, Turkish, Thai, Hindi, Urdu and Norwegian.
However, due to a variety of different regulations, the site does not provide its services to citizen or residents of the United States of America, Australia, Canada, Belgium, Israel, Palestine, Japan, Sudan, Syria, Iran, North Korea or Russian Federation.
IQ Option also adheres to the required standards of identification and users should note that when they register for a trading account they must provide their personal data and verify their email address and telephone contact number. Potential users who are unable to do this will be unable to complete their account registration.
- Also after funding your account, you will be asked to provide further personal information in order to complete your account verification. IQ Option will expect to receive copies of identification documents such as:
Passport or National ID Card issued by a Government Authority
- Proof of Address in the form of a Utility Bill or Bank Statement is required from EU residents.
IQ Option Customer Reviews
Most online reviews from customers of IQ Option are positive, but there is the occasional negative review, as should be expected. Some complaints relate to the fact that IQ Option requires KYC procedures to verify your identity before you withdraw funds. However, these procedures are normal for any broker dealing with fiat currency, and even many cryptocurrency exchanges require KYC procedures.
Some users also indicate that withdrawing funds can be challenging at times with the occasional issue related to having an account blocked. However, this does seem straightforward to resolve and may come down to KYC issues; the reviews are not clear on the cause.
Those reviews that indicate complaints against IQ Option are regularly interspersed with positive reviews. It also seems that many of the negative reviews posted online are not actually from customers. Instead, they are from people who claim to have had issues as a way to promote another service. When you look at online reviews from people who claim to be customers of IQ Option, remember to take them with a grain of salt since many are clearly from competitors or people with ulterior motives.
When read with a critical eye, the overall trend of seemingly valid reviews of IQ Option from customers seems to be neutral to positive.
Is IQ Option a Scam ?
While carrying out this review and researching other people’s opinions online, we found a number of complaints from people calling the site a scam. Some reasons mentioned are that they disabled a person’s account which didn’t allow them to withdraw their balance and a lot of disgruntled people who seem to have lost money trading on the platform.
But we also found overwhelming number of positive comments about the company which seems to point that the few who have had problems with them are the more vocal people online.
In our view there is absolutely no way this company can be considered a scam, the company is a tightly regulated business with a high revenue turnover, official business premises and high quality website and trading software.
Is IQ Option Safe?
In addition to practices such as maintaining segregated accounts for client funds, IQ Option offers security in several other ways. Unsurprisingly, the broker has full SSL encryption. As such, all communication that traders send to the broker’s servers is encrypted in a way that meets AES 256 Bit encryption standards. That encryption limits the ability of hackers to access information, letting IQ Option supply added protection of both client funds and information.
IQ Option is an impressive platform that provides its users with a great amount of value. The site merges a good level of transparency and functionality and users can be comfortable knowing that the platform is in keeping with the latest financial regulations.
Trading on the site is generally quite a smooth experience and the platform utilizes an intuitive UI that is easy to navigate. The platform and trading application is functional enough for professional traders whilst also being simplistic enough to allow new entrants to painlessly learn the trading process.
IQ Option is a company on the rise and has grown to managing almost 15 million accounts and processing 3 million trades per day. The site also enjoys a trading volume of $11 billion a month and pays out approximately $5.7 million to its users on a monthly basis.
The site does have its drawbacks, and users who require extensive interaction with a customer service agent may be unfulfilled by the two account levels. In order to be in consistent communication with a personalized account manager traders are expected to pay a $3000 fee which may be too restrictive for some. The site is also proving to be popular with traders around the world and despite IQ Option devoting time and energy to developing its customer service, there is the possibility that users may have to wait for more than 24 minutes in order to have their queries processed.
Finally, IQ Option is not available to the residents of countries such as the United States, Canada, and Japan. These nations are home to large numbers of financial literate individuals and the platform would be better off with their presence. However, IQ Option still caters to traders from over 178 countries and provides a comprehensive service to all its users. The platform caters to stock, Forex, and cryptocurrency traders and individuals who sign up can be sure to interact with an intuitive platform that provides access to a wealth of resources, and trading options.
Risk Warning: As always with trading, you should know the risks before hand – these are volatile markets where it is completely possible to lose large sums of money if you do not know what you are doing. Make sure to do your research, learn the platform inside out and never risk more money than you can afford to lose.
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