Binary Options Broker | |
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Official website | |
Social network | |
Date of foundation | 2013 |
Head Office | Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus |
Company owner | IQOption Ltd |
Types of support | |
Phone Support | |
Languages | English, French, Spanish, Italian, German, Portuguese, Korean, Turkish, Chinese, Vietnamese, Indonesian, Thai, Hindi, Indian |
Terminals | Author's platform, WebTrader |
Min. first deposit | From 10 USD |
Min. rate | From 1 USD |
Brokerage commission | Depending on the type of asset |
Minimum account size | From 10 USD |
Payment terms | Instantly, up to 3 days depending on the withdrawal method |
Bonuses | Until 50 % Bonus from the profit of referrals |
Payments | Until 95 %From each transaction in the market of classic binary options, up to 900% when working with digital options |
Free demo account | |
Types of options | UP/DOWN, FX options, Digital Options, Turbo options |
Adjustable | Yes |
Regulators | FSA№670182 CySEC№247/14 |
Types of accounts | Standard, Demo |
Methods of replenishment | Advcash, Boleto, FasaPay, Neteller, Qiwi, Skrill, Webmoney, Bank card (Visa/MC), Yumoney |
Withdrawal methods | Advcash, Boleto, FasaPay, Neteller, Perfect Money, Qiwi, Skrill, Webmoney, Bank card (Visa/MC), Yumoney |
Graphic tools | 5 |
Number of assets | 500+ |
Types of assets | CryptocurrencyBitcoin, Dash, Ethereum, Bitcoin Cash, TRON, Ethereum Classic, ZCash, Litecoin, Ripple, etc. StocksFerrari, MercadoLibre Inc, Apple, Fortune Brands Home & Security, Cintas, etc. Binary optionsMorgan Stanley, AIG, Tesla, Yandex, Google, CAD/JPY, AUD/JPY, etc. Currency pairsEUR/MXN, CHF/JPY, EUR/HUF, EUR/USD, etc. CFDOn forex, stocks, commodities, ETFs, cryptocurrencies, etc. ProductsOil, Gold, Silver, Platinum, etc. ETFDow Jones Industrial Average ETF, Technology SPDR, S&P 500 ETF, Year Treasury Bond ETF, Consumer Discretionary SPDR, Utilities SPDR, MSCI Mexico ETF, etc. |
Number of indicators | 90 |
Account Currencies | EUR, USD, Cryptocurrency |
Expiration | From 60 seconds to 30 daysAll trading styles are allowed |
Mobile apps | |
Weekend trading | You can trade 7 days a week, 24 hours a day |
Tournaments/competitions | Online tournaments (IQ Launch, Salary in a Day, etc.) |
Trader training | Open access training videos on the site and current market news |
Affiliate Program | RegistrationAdditional earnings on traders invited to the broker's platform |
Advantages | One of the leading brokers in the market Quick customer support in different languages (you can solve a problem in 46 seconds, 24/7/365) Functional authoring platform Many tools for trading in different financial markets Extensive opportunities for margin trading Free online trading training Qualitative market analysis Protection against negative balance A lot of free tournaments with real money winnings Fast withdrawal of earnings |
Disadvantages | Complicated site, where not all information on the terms of trade is available |
Additional features | Earnings from investments in OTN tokens (Open Trading Networ) |
Cryptocurrency trading | Free Hodly Wallet Available |
Company requisites | Legal name: IQOption Ltd Legal address: Hinds Building, Kingstown, St. Vincent and Grenadines, Reg. No.: 24840 IBC 2018 |
Date of update | June 20, 2024 |
Overall assessment | 8.6/10 |
Is IQ Option a Scam? Complete Review and Real Customer Feedback
The IQ Option broker, established in 2013, has become one of the leading binary options brokers due to several factors. Among its notable advantages are the low minimum deposit requirement of just $10 and the provision of a free demo account, which allows users to quickly familiarize themselves with trading nuances. Additionally, the trading platform stands out for its superior quality and functionality, surpassing many counterparts both globally and domestically. Notably, the company places significant emphasis on customer support, continually enhancing its accessibility to cater to all traders. These qualities collectively position IQ Option as an ideal destination for traders.
«General Risk Warning: The financial products offered by the company carry a high level of risk and can result in all your funds’ loss. You should never invest money you cannot afford to lose».
«Digital and binary options are prohibited in EEA».
One of the advantages is that the broker IQ Option follows all regulatory rules to ensure secure trading.
Options of IQ Option broker
The leading broker offers its users profitable trading in foreign currencies on one of the largest and most liquid financial markets – Forex. Cooperation with IQ Option is an excellent opportunity to receive a stable income from Forex trading on the best terms: the trader can count on a large selection of volatile assets, narrow spreads, fast execution of orders, hedging, a free demo account, and fast transactions within the system. Additionally, there aren’t any commissions or slippage. Today it’s one of the most ideal conditions for trading on the market.
All the main operations are carried out on a perfect platform, which appears to be the development of the broker IQ Option itself. The platform has made trading a comfortable and convenient process. Here you can change the terminal skins and types of charts, add indicators and graphic elements for advanced technical analysis, use several charts at once, close several trading positions with one button, use the multiplier to increase your earnings, study the history of quotations, adjust stop-loss and take-profit orders.
Download the Android mobile app
Forex Trading
The IQ Option terminal is highly functional and accessible on various devices, with a free mobile application available for download, ensuring constant market access regardless of location. The broker’s website is highly informative, offering qualitative educational materials to help improve trading skills. Traders also have access to an economic calendar and online chat support for additional assistance. In order to make Forex trading (truth about Forex) with this broker more profitable, users are provided with professional support, including volatility signals, current market news, promotions, newsletters, etc.
The multiplier option for Forex trading will enable you to significantly increase your income by using the borrowed funds that the broker provides to you (by simply opening a position of $100 with a multiplier x10, you will get a profit commensurate with the investment of $1000). So, you can trade in impressive amounts, while having a minimum deposit on your account. It’s possible to increase your trading capital from 1 to 1000 units (х1, х20, х50, х100, х300, х500, х1000). However, it’s worth remembering that the risks associated with such trading are also high. But if you take seriously the capabilities of this tool, it will bring you unlimited profits.
Since October 2018 the broker started providing unfettered users with increased multiplier x20 for trading CFD for shares. In high volatility periods in the stock market, the multiplier may become a very gainful trading way for those traders looking for a chance to earn on price changes. With the broker a unique option is available: investments of funds exceeding the trader’s budget. For instance, you may open a stake for 500$, apply the multiplier 20, and get the profit you might obtain by investing 1000$. In case the transaction is completed not in favor of the trader, his negative earnings will be limited to just 500$, and he won’t lose more than he invested.
Trading in Digital Currencies With IQ Option
The broker IQ Option is truly interested in providing its clients with assets. That’s why the broker’s clients have an opportunity to trade in crypto assets, which are currently booming. Following the trends of the time, the broker offers clients and holders of crypto assets a perfect solution – the provision of the service necessary for full-fledged trading in digital coins. On the broker’s platform, you can freely sell or buy digital currencies and store them in crypto wallets for free.
Working with this organization guarantees exceptional security of information and funds, the stable operation of the platform, and high earnings on trade in the most liquid crypto assets as well as fast withdrawal of money. Investing in cryptocurrencies with the IQ Option broker is legal and safe. Unlike crypto exchanges, working with the broker means dealing with a licensed and well-regulated company, with a monthly trading volume of more than $11 billion. The broker uses modern security protocols, as well as encryption methods to ensure the maximum protection of your capital. All users are offered OTN tokens (Open Trading Network), which are given for trading in crypto assets: the more you trade, the higher your commission, on which the system pays out tokens. Further, they can be easily exchanged for OTN coins, withdrawn to the wallet, or sold to earn an income.
The perfect IQ Option platform will enable you to maximize your benefits from trading. You can conveniently trade in digital coins, conduct deep market analysis, study the history of your transactions, etc. Only the best cryptocurrencies are available for investment: Bitcoin, Dash, Ethereum, Bitcoin Cash, TRON, Ethereum Classic, ZCash, Litecoin, Ripple, etc. The system allows the quick purchase of these digital coins in various ways, including bank cards (VISA/MasterCard). You can easily withdraw digital assets from the platform. Moreover, the broker provides its users with free crypto wallets to store digital currencies. These wallets are automatically created for each investor. Thanks to the mobile version, crypto trading is available 24/7. In addition, the broker offers customers high-quality technical support capable of resolving issues of any complexity in just 46 seconds, 24/7/365. Without exaggeration, it’s the fastest support service among brokers.
Another advantage of IQ Option is the awesome ability to invest in digital assets using a multiplier, which can increase your earnings by several times using even minor price changes. This tool came to crypto trading from Forex and immediately became popular with users. Thanks to this unique option, you can trade in crypto assets with a minimum deposit and receive unlimited earnings with the help of borrowed funds provided to you by the broker. Leverage (in the case of IQ Option, it’s a multiplier) offers work with positions that exceed the actual balance of your trading account several times. Opening a deal for $100 with x5 leverage, you can earn a real income of $500 as if you invested $500. The broker offers to increase the crypto capital for work with the help of the following multipliers: x3, x5, and x10. We note that traders prefer to use high leverage, which gives tangible results from trading in digital assets.
Hodly Crypto Wallet
You’re welcome to get familiar with Hodly. It’s a perfect way to have your crypto traffic monetized. The broker IQ Option officially released a new convenient crypto wallet called Hodly. Although it’s very easy to use, it’s a serious product, which can help traders earn money by investing in crypto assets. Having downloaded a free wallet (App Store, Google Play), you get a safe and powerful tool that will help you to easily monetize the chosen cryptocurrency. You can buy, sell, or store digital coins in just a few clicks. The application has a built-in news feed, enabling you to track market trends.
Since you can store currency here, you don’t need to look for crypto wallets, pay for transfers, or send digital coins to exchanges for pay trading. Now all of these functions are available in one reliable solution.
Features of Hodly:
- Fast deposits, rapid withdrawal of capital on a bank card.
- Safe storage of funds: both fiat money and crypto assets. In this case, your confidential data is stored not on the device but on a secure server, completely encrypted.
- A wide range of crypto assets for trading, the number of which the broker plans to expand.
- The absence of verification for purchase, sale, and receipt of cryptocurrencies. Simplified verification for the withdrawal of capital: you only need to upload the passport, and the service managers will verify your identity in 15 minutes.
- Live chat with like-minded people and support staff.
- Bonuses for participants – 50% of the net revenue from the commission for each purchase or sale of cryptocurrencies in the wallet.
CFD Trading With IQ Option
Following the latest trends of trading, the IQ Option broker offers its users convenient CFDs, which are available to both Forex traders and those who invest in crypto assets. The peculiarity of CFD trading is that the trader receives an income not based on the purchase of an asset but on fluctuations in its value. At the same time, it doesn’t matter whether the price of this asset increases or falls – the speculator can earn in both cases. Such contracts allow you to trade but not to acquire an asset. In addition, you don’t need to pay taxes for transactions and you don’t need to deal with the documents. You only need to enter into a contract that specifies the difference in the price of the asset in the event of a transaction being opened/closed. Today, CFD contracts are an advantageous way to receive decent earnings for those who don’t have enough funds to enter the market.
By buying contracts for the difference in the prices of cryptocurrencies, the investor earns on the difference between the current and future prices for Bitcoin. The greater this difference, the higher your profit will be. At the same time, such trading is advantageous for short-term deals. In addition to crypto assets in similar CFD contracts, the broker IQ Option offers trading in shares and fiat currencies. It’s also possible to increase earnings with the help of a multiplier, enabling you to trade in large amounts of funds and get even greater benefits. Also, when forming trades, a trader can set limits on losses and use market orders.
Since October 2018 there have been 50 new CFD for shares available on the broker’s platform, with the total number of CFD for shares – over 150! Among assets available for investments there are shares of such companies as eBay (EBAY), Bayer (BAYN), McDonald’s (MCD), Adobe Systems (ADBE), Facebook (FB), Apple Inc. (AAPL), Kraft Heinz Company (KHC), Starbucks Corporation (SBUX), PayPal (PYPL), etc.
Risk warning: your capital might be at risk
Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions
Withdrawals and Deposits
A good sign is that the amount you can withdraw is not limited. Some brokers will not allow you to withdraw all of your profits if the profit is very large. This fact can cause a lot of trouble and anxiety among traders. The IQ Option not only refrains from doing this but also processes withdrawal applications quickly, allowing its traders to get their payouts as quickly as possible. Customers receive payments within 1 working day. To withdraw funds, you can use a credit card, wire transfer, Skrill, Qiwi, WebMoney, CashU, iDeal, Fasapay, Neteller, or Boleto.
The IQ Option does not take a commission for financial transactions, but a commission can be withheld by payment systems or a payment aggregator.
Complaints About IQ Option
After conducting research for any complaints about the broker, we did come across some negative reviews. However, we believe that many of these complaints were likely the result of speculation by competitors. Regarding objective criticism, the company has effectively addressed all concerns. In various forums and blogs, we noticed customers complaining about not receiving approval for a withdrawal. However, in each case, an official representative of IQ Option responded, and the issue was resolved, as confirmed by the initiators of the complaints. We do not consider this to be a cause for concern because, firstly, all problems were successfully resolved by the broker, and secondly, the broker strictly adhered to its “Terms and Conditions” policy, fulfilling its obligations and resolving all issues promptly.
Is the IQ Option a Scam?
IQ Option is currently recognized as one of the most law-abiding brokers in the market. The company’s activities have long been regulated by the Center for Regulation of Financial Market Relations, ensuring oversight and compliance.
Regulators
The IQ Option is a regulated broker, which ensures accountability and compliance with regulatory standards. Additionally, all customer deposits are compulsorily insured, providing an added layer of security. In the event of financial difficulties with the broker, customers can easily recover their funds. This feature further underscores the broker’s reliability and commitment to safeguarding its clients’ interests.
Summary
In general, the IQ Option is one of the leading brokerage firms on the market. The IQ Option won the ShowFX World prestigious award as the «Most Innovative broker in binary options». The award was received at the largest international forum, which is dedicated to modern advances in the Forex market. Looking at the simple and intuitive graph of IQ Option, it becomes evident that it is a clear leader compared to other popular options such as Keystone, SpotOption, and Tradologic. The differences in quality, services, and functionality are apparent even to the casual observer. IQ Option offers a comfortable and pleasant trading experience, setting it apart as a top choice among traders.
Conclusion
Trading in options can either be done with classic or turbo options. The purchase of an option is carried out in just one click. All transactions can be viewed in the section of the site that displays the history of all operations. Once the transaction is completed, a window pops up with the results of the auction. An interesting feature is that you can immediately share your success with your partners and friends on social media.
The profitability of assets is very high and reaches 92%* of the indicators.
*Amount to be credited to account for a successful trade.
«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».
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