Iq option was originally founded as a binary options broker in 2013. The broker has evolved over the years to offer a lot more including forex CFDs, commodities, ETFs, indices, and stocks.
This Iq option broker review found that the broker has grown rapidly and now handles up to 2 million trades per day. The broker also has over 40 million account holders.
The broker has won several awards and operates its own trading platform. IQ Option is the first broker that combined options trading and classic Forex trading on one platform. In 2020, IQ Option also introduced margin trading.
This moves them alongside the more established brokers.
Iq Option Broker Review: Overview
|Broker's Name||IQ Option|
|Headquartered||Hinds Building, Kingstown, St. Vincent and Grenadines|
|Countries not accepted for trade||Afghanistan, Albania, American Samoa, Australia, Belarus, Canada, Comoros, Crimea, Cuba, Democratic Republic of the Congo, Donetsk and Luhansk People’s Republics, Eritrea, Ethiopia, Guam, Haiti, Iran, Israel, Japan,Libya, Mali, Myanmar, North Korea, Palestine, Republic of Abkhazia, Republic of South Ossetia, Russia, South Sudan, Sudan, Syria, Transnistria, Ukraine, the United Kingdom, the USA, Vatican, and the U.S. Virgin Islands|
|Islamic account (swap-free)||Yes|
|Maximum Leverage||1:1000 (Retail)|
|Minimum Deposit||10 USD|
|Tradable assets offered||Stocks
|Deposit & Withdrawal Options||Debit/Credit Card
Bank Wire Transfer
|Platform Types||IQ Option Trading Platform|
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Iq Option Account Types
Our IQ Option broker review found that the broker offers 3 Different account types each with its own minimum deposit amount. A Minimum amount will need to be deposited in order to open a live trading account. In most cases when converted the minimum deposit will be close to USD 10 but this will depend on the investor's chosen account currency.
|IQ Option Account Type||IQ Option Demo||IQ Option Real||IQ Option VIP|
|Minimum Deposit||Free||USD 10||“Available to clients that deposit significant amounts (the exact amount is subject to change|
How To Open An Iq Option Account
Our Iq Option broker review found that the account opening process at Iq Option is very easy and quick. Simply follow the steps below.
Visit the Iq Option Account Sign Up Page
Fill In Your Details
To sign-up, you need to fill in all the necessary information and click “Open an Account for Free”
– Enter your First name and Last name
– Choose your country of permanent residence
– Enter a valid email address.
– Create a strong password.
– Read “Terms Conditions” and check it
Finish setting up and activating your email by confirming your email. Check your inbox for an email sent from Iq Option.
You will now have access to an Iq Option demo and real account. If you want to practice you can simply use the Iq option demo account with $10 000 virtual funds. If you want to trade real money you can choose the real account and deposit and start trading.
IQ Option Fees, Spreads, and Commission
IQ Option Spreads start from 0.6 pips EUR/USD, with spreads depending on the financial instrument traded, the liquidity, and market conditions.
|180+ Stocks||From 0.02%|
|Forex Pairs||From 0.6 EUR/USD|
|Cryptocurrency||From 0.005% EUR/USD|
This IQ Option broker review found that the broker does not charge any commissions on trades and traders can expect maximum leverage of up to 1:1000. Additional Fees charged by IQ Option include Overnight/Swap Fees that start from 0.86%.
Which Assets Can You Trade On IQ Option?
Our Iq Option broker review found that the broker offers 300+ different assets to trade. IQOption started as a binary options broker, but now offers CFDs on Forex, Exchange Traded Funds (ETF), Stocks, Cryptocurrencies, Indices and Digital Options.
Forex trading is a popular instrument on IQOption. Their competitive spreads and over 30 currency pairs make this a great platform. Available FX pairs on the IQ Option platform include GBP/JPY, EUR/USD, USD/JPY, USD/CHF, NZD/USD, USD/CAD and AUD/USD among others.
IQ Option offers CFDs on 184 stocks. No opening fees are charged for stock CFDs. The minimum investment is $1 with leverage of up to 1:20. Many of these stock assets listed are from the NYSE and the NASDAQ. You can trade stocks of companies such as Tesla, Amazon, Apple, AMD, Facebook and others.
Their platform offers 12 different CFDs on cryptocurrencies. These include Bitcoin, Ripple, Qtum, Ethereum, ZCash, Dash, TRON, Litecoin, EOS, Bitcoin Cash, Ethereum Classic, and OmiseGo. Margin trading leverage and short selling are easy with fast and seamless 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.
Cryptocurrency multipliers are another handy feature.
Cryptocurrency multiples are leveraged trades. The underlying price remains the same and remains the key factor in the profit/loss of the trade. The potential profit/loss on any deal is magnified by the multiplier.
Before, they 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, this feature is a huge benefit.
You can trade physical commodities at IQ Option. Commodities are becoming popular for a variety of reasons. Physical commodities aren't prone to depreciation and are affected by market fluctuations and inflation like currency-based assets.
Diversification of an investment portfolio is another reason to purchase commodities. They offer the option to purchase and trade CFDs on 4 different commodities: Gold, Silver, Platinum, Crude Oil Brent and Crude Oil WTI.
IQ Option offers the ability to trade digital options on Exchange-Traded Funds. These include 24 ETFs such as semiconductors, energy, technology, metals, utilities, emerging markets, and futures volatility. With an ETF, various securities are combined into a single “basket”. They are traded as a single financial instrument.
IQ Option offers 49 different options. Their binary options trading features are intuitive and accurate. If you live outside of the EU and value the simplicity of binary options, they offer a great platform for binary options.
The trade expiry ranges from 1 minute to 1 month, and trades have a fixed return. Limits on binary options trading make things simple. Traders who value flexibility and control over simplicity may find them restricting.
This financial instrument allows speculation on the price movement of the financial asset. The payouts go to 900%. The minimum investment is low at $1 and expiry times go from 60 seconds to 15 minutes.
Is IQ Option a scam?
IQ Option is not a scam. It is a reliable broker for trading Binary Options, Forex, CFD, and more. In conclusion, the broker offers a wide range of financial products for the traders. It is good to start with a demo account so that you get a feel of the unique IQ options platform.
IQ Option Broker Advantages
- IQ Option is a safe broker. It is best for CFD trading and binary options.
- Their portfolio of financial products is good. It is good for most traders' needs.
- The low minimum deposit and the demo account make IQ Option a great choice.
- Their platform won multiple awards. It is easy to use and has trading tools built into it.
- high payouts for successful binary options trades sometimes reaching 100%+
IQ Option Broker Disadvantages
- Does not offer synthetic indices, these are only offered by Deriv.
- Iq Option charges for withdrawals
- ew assets: Unfortunately, IQ Option does not offer the widest variety of assets for you to trade with. At the moment this review was written, it only has a total of 260 in stock, ETFs, Forex, commodities and cryptocurrency CFDs. There are other brokers that offer more variety eg XM offers over 1000 assets for trading
IQ Option Broker Review: Customer Support
If you are having trouble with registration, or any other issue, you can contact IQ Option customer service via the following contact methods:
- Email: firstname.lastname@example.org
- Official Website: Visit official website
- Company Details: 905 LLC 2021
- Address: Hinds Building, Kingstown, St. Vincent and Grenadines
IQ Option Broker Review: Conclusion
IQ Option is a trustworthy broker, best known for its intuitive trading platform. We found that IQ Option is best for their customer service, mobile trading app, binary options, and CFD trading. They offer a wide range of investment options, with competitive fees. We recommend IQ Options to traders.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose”