IQ Option was founded in 2013 by IQ Option Ltd. This trading platform offers traders a variety of financial instruments. IQ Option currently offers: forex, ETFs, commodities, cryptocurrencies, binary options and digital options. The company is based in Cyprus, and, like other CIFs (Cypriot Investment Firms), is regulated by the Cyprus Securities and Exchange Commission (or CySEC). The Cyprus Securities and Exchange Commission has authorized this broker to operate under the CIF license #247/14.
IQ Option is a trading platform was designed to offer online financial services to traders across the EEA (European Economic Area) and beyond.
Since IQ Option was founded in 2013, its use has grown massively, due to its reputed accessibility, low minimum deposit requirement, and available free demo account.
In this IQ Option review, we will go over everything you need to know about this broker and decide whether this company is right for you.
IQ Option is a trading platform on both computer and mobile that allows the user to trade a range of different financial instruments – such as stocks, cryptocurrencies, binary options, Forex, ETFs, and commodities. IQ Option has become one of the most popular international platforms, with around 50 million registered users and over 1 million transactions taking place each day! IQ Option is accessible to traders from over 213 countries across the world.
|Assets Available:||Digital Options, Binary Options, Commodities, ETFs, Forex, Cryptocurrency, Stocks|
|Mobile Trading App:||iOS, Android|
|Desktop Trading:||Windows, MacOS|
|Payout:||91% – Maximum $1 Million USD|
|Countries Not Available:||United States, Japan, Israel, Turkey, Belgium, Russian Federation, Australia, Canada, Germany, Italy, Netherlands, Romania, Spain.|
|Deposit Methods:||Credit Cards, Debit Cards, Maestro, Skrill, WebMoney, Cash U, Neteller, and Moneybookers|
|Withdrawals:||Processed Within 1 Business Day (Credit Cards, Debit Cards, Maestro, Skrill, WebMoney, Cash U, Neteller, and Moneybookers)|
- 1 Trading Platform
- 2 VIDEO: How to Trade with IQ Option
- 3 Assets Available to Trade With IQ Option
- 4 Mobile App
- 5 Accounts
- 6 Deposits
- 7 How to Withdraw Money From Your Account
- 8 Which Countries Does IQ Option Offer Trading In?
- 9 Tournaments
- 10 Should You Use IQ Option?
- 11 Is IQ Option Legit?
- 12 Summary and Our Verdict
IQ Option proprietary trading platform is custom built. The trading platform is very user-friendly, easy to use and well designed. The trading tools included: multi-chart layouts, technical analysis, economic calendars, stock screeners, historical quotes, volatility alerts and market updates. Unlike other brokers, their platform is available in 13 languages. Unlike other brokers, their platform is available in 13 languages.
IQ Option’s trading platform allows you to trade a variety of financial instruments and assets, including stocks, Forex, binary options (unless you are in the EEA, where binary options are prohibited), digital options, ETFs, cryptocurrencies (such as Bitcoin, Litecoin, and Ethereum), and other commodities. The main screen (shown below) shows a chart displaying currency value over time. On the right side of the screen, you can buy and sell currencies. The top of the screen displays the balance available in your trading account, and the asset that you are trading in.
You can see below, the chart is in the middle of the screen. Buy and sell button are on the right side. Account balance is shown at the top.
You can choose from assets such as ETFs, stocks, options, Forex, indices, cryptocurrencies, and commodities. You can choose between these different assets by clicking on the drop-down box on the left-hand side of the screen. The User Interface also has useful browse and search functions to help you find specific assets.
If you choose to trade, simply click on the Buy or Sell buttons on the right hand side of the User Interface, and input the amount that you wish to buy or sell. If you want to multiply your potential profit by a coefficient, you can enter a multiplier- however this increases risk as well as potential gain! In addition to this, you can choose and set thresholds that when reached, will automatically close the trade to avoid you spending too much of your balance.
IQ Option technical indicators are incredibly useful in helping the user identify and monitor trends. This gives traders insight into which trades are most likely to be profitable. The technical indicators include: Volume (exchange), Bollinger Bands, Alligator RSI, MACD, MA, Stochastic Oscillator, Awesome Oscillator, ATR, Fractal, ADS, CCI, Ichimoku Cloud, KDJ, DPO, Belkhayate Timing.
IQ Option trading platform has an array of visual charting tools. These allow traders to easily map out their trading strategy. The graphs offered on the User Interface include Area, Line, Candles, Hollow Candles, and Bars.
VIDEO: How to Trade with IQ Option
Assets Available to Trade With IQ Option
IQ Option offers 90+ different trading options to trade. IQOption started as a binary options broker, but now also includes CFDs on Forex, ETFs, Stocks, Cryptocurrencies and Digital Options.
Forex trading is one of the most popular instruments on IQOption. Their competitive spreads and over 50 currency pairs makes this a great trading platform. Available Forex pairs on the IQ Option platform include: GBP/JPY, EUR/USD, USD/JPY, USD/CHF, NZD/USD, USD/CAD and AUD/USD among others.
At the time of writing this review, IQ Option offers CFDs on 184 stocks. No opening fees are charges for stock CFDs. Minimum investment is as low as $1 with leverage of up to 1:20. Many of these stock assets listed are some of the most successful on the NYSE and the NASDAQ. IQ Option allows you to trade companies such as: Tesla, Amazon, Apple, AMD, Facebook and many others.
IQ Option offers 12 different CFDs on cryptocurrencie. These include: Bitcoin, Ripple, Qtum, Ethereum, ZCash, Dash, TRON, Litecoin, EOS, Bitcoin Cash, Ethereum Classic, OmiseGo. Margin trading leverage and short selling is particularly easy with fast and easy withdrawals and deposits.
Like any other assets available to trade in with IQ Option, cryptocurrency assets can be traded using CFDs, Forex, or traditional options.
However, IQ Option also has another handy feature that allows users to purchase cryptocurrency multiples!
Cryptocurrency multiples are leveraged trades, where the underlying price remains the same and remains the key factor in the profit/loss of the trade, but the potential profit/loss on any deal is magnified by the multiplier. At first the IQ platform only offered a single multiplier called Bitcoin X 100 – which, as you can imagine, multiplied the Bitcoin price by 100 times. The success of this feature led to IQ expanding the range of multipliers available – to other cryptocurrencies such as Ethereum (ETH), TRON, IOTA, and Ripple, and by different quantities (X 20, X 50, and X 100) on Bitcoin. If you enjoy a high risk/reward ratio on your trading, this feature is a huge benefit! In addition to the multipliers feature, IQ also offers the Open Trade Network (OTN) – their own blockchain-based cryptocurrency exchange based on the Ethereum blockchain platform. OTN has been operating since 2018, and offers users a personal cryptocurrency wallet and specialized OTN coins (or tokens). OTN is a reliable and regulated blockchain innovation that has proved to be a hugely worthwhile investment both for IQ themselves and for their users. OTN tokens are awarded to traders as an incentive to use OTN (and can be traded on the market) – a gamble that has paid off for the company, caused a shift in the financial trading industry, and provided great features and opportunities to traders!
With IQ Option you can also invest in physical commodities, rather than stocks, options, currencies, etc. This is becoming increasingly popular for a variety of reasons. Often, physical commodities are less prone to depreciation and less affected by market fluctuations and inflation than currency-based assets. Diversification of an investment portfolio is another reason why traders may purchase commodities. IQ Option currently offers the option to purchase and trade CFDs on 4 different commodities: Gold, Silver, Crude Oil Brent and Crude Oil WTI.
IQ Option offers the ability to trade digital options on ETFs (Exchange-Traded Funds). IQ Option currently offers 24 ETFs to trade in, such as semiconductors, energy, technology, metals, utilities, emerging markets, and futures volatility. With an ETF, various securities are combined into a single “basket” that is traded as a single financial instrument.
IQ Option offers 49 different options. IQ Option binary options trading features are intuitive and accurate. If you live outside of the EU and value the simplicity of binary options (detailed earlier), IQ Option offers a trading platform for binary options that will fulfill your requirements. The trade expiry ranges from 1 minute to 1 month, and binary option trades have a fixed return. IQ Option’s limits on binary option trading make things refreshingly simplistic, however, some traders who value flexibility and control over simplicity may find them slightly restricting.
Digital Options (CFD)
IQ Option also offers digital options. This financial instrument allows speculation on the price movement of the financial asset. The payouts go as high as 900%. Minimum investment is low at $1 and expiry times go from 60 seconds to 15 minutes.
Mobile trading is becoming increasingly popular as more and more daily tasks move from desktop computers to smartphones. IQ Option has its own proprietary mobile app, which works in a very similar way to the desktop site, with a slightly different, more mobile-friendly UI. The app is available in both Android and iOS versions.
The iOS version has been redeveloped fairly recently to adhere to Apple’s rule changes regarding binary option trading. Forex, CFD, and cryptocurrency trading options are all available on the mobile app, just as they are on the desktop site! The desktop site also has an application version for Windows. Whatever device and application version you choose to use, IQ Option offers an intuitive and user-friendly platform for mobile trading and computer trading!
You can easily trade, check account status, use charting tools, set alerts and notifications, get notified about market developments and more with the trading app.
IQ Option offers two types of accounts: Standard and VIP. Registration takes only a few minutes, after which you will be verified and be able to use the free demo account. You will need to make a deposit to be able to use the real account. The process of making a deposit is simple, and the minimum deposit is only $10 – much lower than that of many other platforms! You can open a real or demo account HERE.
The minimum trade that you can make is $1.
If you are having trouble with registration, or any other issue, you can contact customer support via the following contact methods:
Group Details: Registration No. HE327751
Address: Yiannis Nicolaides Business Center,Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus
- Standard Account – Unlike many other CFD brokers, only a $10 minimum deposit is required and there are no restrictions on trading functionality. You get access to over 350 assets and 1 business day withdrawal processing. You will also get access to tournaments held on the trading platform.
- VIP Account – Clients that deposit $1,900 or more within a 2-day period are eligible for a VIP account. With a VIP account you get the benefit of 3% in additional returns, personal account manager and monthly reports. These accounts are only available for customers outside the EEA.
The IQ Option demo account (otherwise known as the “virtual account”) requires no deposit, which is a highly useful feature. There are also no time restrictions on the use of the demo account, and you can restore your balance to $1000 (not real money, of course!) as many times as you like. You can use a demo account alongside a “real account” – enabling you to test various methods and strategies without risking financial loss! When you feel confident enough to trade with real money, you can switch over to the real account (standard or VIP) and use your skills in the real financial world.
The demo account is one of the main draws for new traders, especially those less experienced in financial trading, and is one of the reasons that IQ Option is becoming incredibly popular with novice traders, who usually stay with the platform after they are more experienced, due to its flexibility and wide range of features!
There are various methods of depositing money into IQ Option, based on which country you are from. Bank transfers are the most popular way, but you can also deposit directly from your credit or debit card, from e-wallets, or even from cryptocurrency wallets.
The platform also comes with its own system called AstroPay, designed to allow payments from places with fewer options of transferring funds. IQ is dedicated to building and retaining its Asian market, and as such accepts bank transfers from a variety of banks in Thailand, the Philippines, Indonesia, Vietnam, and Malaysia. Similar systems are in place for South Africa (through Perfect Money, which also deals with Argentina, Colombia, and Brazil), China (through China Union Pay, which also deals with Taiwan, Hong Kong, and Macao).
Deposits are easy and accurate, and the customer support team can help with any issues should they arise.
How to Withdraw Money From Your Account
Steps to withdraw money from IQ Option
- Go to IQoption.com
- Sign in to your account
- Click on the user in the upper right-hand corner
- Click “Withdraw Funds”
- Select your preferred payment system
- Follow the instructions on screen
- Credit Card/Debit Card Withdrawal
- Wire Transfer Withdrawal
- E-Wallets Withdrawal
The same methods that you can use to deposit money can also be used to make withdrawals when you take profit, although you will often need to provide verification. The basic trading account requires an initial minimum deposit of $10, after which the user can use almost all of the same features as the VIP account. The difference between the basic and VIP accounts is that the VIP account entitles the user to higher payouts, extra educational materials, and entry to bigger trading competitions (some of these allow you to win prizes worth up to $100,000!). The VIP account, however, has a much higher minimum deposit of $3000.
So what kind of ROIs can you expect with the payouts?
Standard payouts with IQ offer highly competitive rates, with traders able to earn as much as 91% payout in some cases, which is one of the best available in the finance industry! Spreads on Forex and CFD trades are also competitive, with the fees of trading lower than many online brokers and comparable to those of much larger and more established brokers.
However, as with all online trades, payouts will vary depending on the specific asset and expiry date. For example, the success and profit of Forex and CFD trades are highly dependent on the asset itself. Thankfully, the platform offers a suite of risk warning and management tools, such as stop loss features and user-defined leverage.
Which Countries Does IQ Option Offer Trading In?
IQ Option Europe Ltd offers trading to a huge variety of countries and operates in many languages.
Unfortunately, at time of writing, it is unable to operate in the USA, Canada, or Australia due to their local laws and regulations, so traders from these countries will not be able to open a trading account at present.
Other countries that IQ Option does not trade in at all are Belgium, Iran, Israel, Japan, Latvia, North Korea, Pakistan, Palestine, Russia, Sudan, Syria, and Turkey.
However, many large trading bases and hubs do use and offer IQ’s services – the United Kingdom (UK) is one of the largest, as well as Germany and Sweden. Use across Asia is also rising extremely rapidly, with regions such as Singapore, Malaysia, India (where binary options trading has recently become legalized), and the Philippines all getting involved – adding a huge and economically influential user base to the platform. Africa is a similar story, with Nigeria and Ghana benefiting from IQ’s services due to those countries’ more liberal regulations. IQ Option was also ranked #1 in our best options trading platform Singapore analyisis. Some countries are able to open and use accounts, but are limited with regards to mobile app access. Users from China, Cuba, Liechtenstein, Malta, Myanmar, and Turkey are unable to trade via the iOS mobile app, and users from Cuba, Liechtenstein, Malta, Myanmar, and Turkey are unable to trade via the Android mobile app. Other countries, generally in Europe, are able to trade using IQ Option but due to local laws and regulations are prohibited from trading in binary or digital options. For a full list of countries and which regulations apply to them, you can use this link.
The IQ Option trading community stages various events regularly, the most popular of which are the trading competitions, or tournaments, hosted on the site. Each tournament comes with its own unique terms and conditions, and generally features a leaderboard that ranks traders based on the success of their trades.
The tournaments were developed by the platform to encourage and incentivize trading and generate publicity and excitement. The results are usually decided based on the amount of total profit in a certain time period, with some tournaments taking place over the short term and some over the long term. Different tournaments are centered around different assets – for example one may be focused purely on Forex, and other on stocks. In addition to the profit made, the tournaments often award the winners with valuable prizes, from cash rewards to experiences such as Aston Martin race days!
Should You Use IQ Option?
Ultimately, financial products always inevitably carry a degree of risk, even when using risk warning tools, stop loss orders, or other risk management tools. Traders should never invest funds that they cannot afford to lose! Whether or not you decide to take part in online trading is a personal decision and based on many different factors, and we will not be exploring this one question here! However, assuming that you have decided to take part in online trading using some platform or other (and are using the appropriate risk warning and stop loss tools), we will explore some of the reasons why IQ Option may be the best choice for you. Two of this platform’s most exciting, useful, and prominent features are the demo account and the range of tournaments. Visit their official website for more information.
Is IQ Option Legit?
Absolutely! This broker is serving clients from 213 countries and has over 40 Million users. They process over 1 Million Transactions per day.
IQ Option is a trustworthy and reputable broker known for their great trading platform. We can highly recommend IQ Option to traders, no matter their skill levels, from beginner to advanced.
Summary and Our Verdict
Overall, we were highly impressed by IQ Option. Ease of use (the user interface is incredibly intuitive), the variety of securities available, low minimum trade and minimum deposit, and demo account features being particularly notable. IQ Option is overall a very useful and feature-rich trading platform. In terms of support, IQ Option is second to none. No one platform is going to be right for everyone, and ultimately, you should always do your own research – especially when it comes to risk-carrying ventures such as financial trading! When trading, always take care to use risk warning and stop loss tools to avoid making heavy financial losses. We hope that this IQoption analysis has been useful and helpful to you in deciding which trading platform to use, and we wish you the best of luck and prosperity in your investments!
Our Rating: 4.9/5
- Trusted Broker
- Regulated by top-tier financial authorities
- Great user interface
- Great for binary options
- Feature rich platform