Score
IQ Option
Cyprus|10-15 years| https://iqoptions.co/lp/mobile/en/
Website
Rating Index
Influence
Influence
AAA
Influence index NO.1
Brazil 8.66Contact
Licenses
Licensed Institution：IQOption Europe Ltd
License No.：247/14
Single Core
1G
40G
1M*ADSL
- The number of the complaints received by WikiFX have reached 78 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
Basic information
Cyprus
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Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
Most visited countries/areas
Dominica
Peru
iqoptions.co
Server Location
Cyprus
Website Domain Name
iqoptions.co
Server IP
185.117.134.138
-
iqoption.com
Server Location
Hong Kong
Most visited countries/areas
Azerbaijan
Website Domain Name
iqoption.com
Website
WHOIS.GODADDY.COM
Company
GODADDY.COM, LLC
Domain Effective Date
2013-04-10
Server IP
103.6.128.23
Genealogy
VIP is not activated.
Binarytradeoption
IQ Option
Fintrack Fxtrade
Company Summary
| IQ Option | Basic Information |
| Founded in | 2013 |
| Registered Country/Region | Cyprus |
| Regulation | CySEC |
| Minimum Deposit | $10 |
| Maximum Leverage | 1:500 |
| Trading Instruments | Forex, Stocks, Cryptocurrencies, Commodities, ETFs |
| Trading Platforms | IQ Option Desktop, IQ Option Mobile App |
| Account Types | Standard, VIP |
| Deposits | Credit/Debit Cards, Bank Transfer, Skrill, Neteller, WebMoney, Boleto |
| Withdrawals | Credit/Debit Cards, Bank Transfer, Skrill, Neteller, WebMoney |
| Customer Support | Email, Phone, Live Chat |
Overview of IQ Option
IQ Option is an online trading platform that allows individuals to trade a variety of financial instruments including stocks, options, cryptocurrencies, forex, and more. The platform was founded in 2013 and has grown to become one of the most popular online trading platforms in the world, with over 48 million registered users across 213 countries and territories. IQ Option is owned and operated by IQ Option Ltd, which is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).
The platform is known for its user-friendly interface, extensive educational resources, and low entry barriers for new traders. It offers a range of trading tools and features, including customizable charts, technical analysis indicators, and a range of order types, such as stop-loss and take-profit orders. Additionally, IQ Option offers a range of account types, including a free demo account for practice trading, as well as real accounts with different features and benefits.
However, IQ Option has also received some complaints from customers regarding issues such as slow withdrawal processing times and account verification delays. It is important for traders to weigh the pros and cons of using IQ Option and to exercise caution when making financial decisions.
Is IQ Option legit or a scam？
IQ Option is a legitimate online trading platform that has been operating since 2013. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under the regulatory license number of 247/14. However, it is important to note that there have been some complaints and negative reviews about the platform, particularly regarding withdrawal issues and customer support. It is always recommended to do your own research and due diligence before investing with any broker.
Pros and Cons of IQ Option
While the broker offers a regulated and user-friendly trading platform with low minimum deposits and a free demo account, it may not be suitable for traders who require a larger range of tradeable assets or support for specific payment methods. Additionally, some traders have experienced issues with withdrawal processing times and customer service, which may be a concern for those who prioritize timely and reliable support from their broker.
| Pros | Cons |
| Regulated by CySEC | Limited range of tradeable assets compared to other brokers |
| Intuitive and user-friendly trading platform, suitable for both beginners and advanced traders | No support for MetaTrader 4 or 5, which may be a deal-breaker for some traders |
| Low minimum deposit requirement of $10, making it accessible to all traders | High fees for bank transfers and withdrawals |
| Offers a free demo account with $10,000 in virtual funds for traders to practice and test strategies before trading with real money | Limited customer support options outside of business hours |
| Wide range of educational resources, including video tutorials, articles, and a blog | Some negative reviews and complaints from traders regarding slow withdrawal processing times and customer service |
| Multiple account types to suit different trading styles and preferences | No support for popular payment methods such as PayPal and Skrill |
Market Instruments
IQ Option offers a wide range of market instruments for trading including forex, stocks, cryptocurrencies, commodities, and ETFs. Forex trading includes major currency pairs, minor pairs, and exotic pairs such as USD/CNY, USD/INR, and USD/ZAR. Stocks trading includes a variety of popular companies such as Apple, Facebook, and Amazon. Cryptocurrency trading includes popular digital assets such as Bitcoin, Ethereum, and Litecoin. Commodities trading includes oil, gold, silver, and other metals. ETF trading includes various exchange-traded funds that track different markets such as the S&P 500, the Dow Jones, and the Nasdaq.
| Pros | Cons |
| Wide range of instruments including stocks, forex, commodities, cryptocurrencies, and options | Limited selection of underlying assets |
| Availability of digital options and CFDs | Limited availability of traditional options |
| ETFs available | High rollover fees for overnight positions |
| Advanced charting and technical analysis tools | Limited fundamental analysis tools |
| Accessible trading through web and mobile platforms | No access to futures markets |
| High leverage options up to 1:500 | High risk of loss due to high leverage |
Account Types
IQ Option offers three main account types: the demo account, the standard account, and the VIP account.
Demo Account: This account is free to use and provides access to all the trading features on the platform. It is an excellent option for beginners who want to practice trading strategies without risking any real money.
Standard Account: This account requires a minimum deposit of $10 and offers a range of features including access to all tradable assets, 24/7 customer support, and the ability to participate in trading competitions. The standard account also offers access to training materials and webinars.
VIP Account: The VIP account requires a minimum deposit of $3,000 and offers all the features of the standard account, as well as additional perks such as a personal account manager, monthly trading reports, and exclusive access to certain trading instruments.
Each account type comes with its own benefits and drawbacks, and traders should carefully consider their trading goals and preferences before selecting an account type.
How to open an account？
Opening an account with IQ Option is a breeze. Simply go to their website and click on the “Trade Now” button. You can then choose between a real account, where you can start trading with as little as $10, or a demo account, which is a risk-free way to practice your trading skills.
To sign up for a real account, you'll need to provide some personal information, including your name, email address, and phone number. You'll also need to select your preferred currency and choose a password for your account. Once you've filled in all the required fields, click on the “Register” button and you're good to go.
But before you can start trading, you'll need to verify your identity by submitting some documents, such as a copy of your passport or driver's license, and proof of address. This is a standard procedure for all regulated brokers and is designed to prevent fraud and ensure the safety of your funds. Once your account has been verified, you can make your first deposit and start trading right away.
Leverage
IQ Option offers variable leverage depending on the asset being traded and the account type. The maximum leverage offered by IQ Option is 1:500 for non-regulated clients and 1:30 for regulated clients. The leverage for Forex trading is also subject to regulation in certain regions. It is important to note that while high leverage can increase potential profits, it can also increase the risk of losses, so it is crucial to use it wisely and only if you have a thorough understanding of the risks involved. It is always recommended to start trading with lower leverage and gradually increase it as you gain more experience and confidence.
Spreads & Commissions (Trading Fees)
IQ Option operates on a commission-free trading model, meaning that the broker does not charge any fees for opening or closing trades. Instead, the broker earns its revenue through the spreads, which is the difference between the buy and sell price of a financial instrument.
The spreads on IQ Option vary depending on the type of asset and market conditions, with major currency pairs like EUR/USD typically having low spreads starting from as low as 0.6 pips. However, spreads for other instruments like stocks and commodities tend to be higher.
Non-Trading Fees
In addition to trading fees, IQ Option also charges non-trading fees. Non-trading fees are fees that are not directly related to trading activities. For example, deposit and withdrawal fees, account inactivity fees, and currency conversion fees.
IQ Option does not charge any deposit or withdrawal fees, except for wire transfer withdrawals, which incur a fee of $31. In terms of account inactivity fees, IQ Option charges an inactivity fee of $10 per month after 90 days of inactivity. This fee is relatively high compared to other brokers. Finally, IQ Option may charge currency conversion fees if you deposit or withdraw funds in a different currency from your account's base currency. The fee is usually around 2% to 3% of the total transaction amount.
Trading Platform
IQ Option offers its propritary trading platform, which is available both as a web-based version and a mobile app, making it accessible to traders on-the-go. The platform offers a range of trading tools, such as technical analysis tools, historical quotes, and real-time market news, enabling traders to make informed decisions. It also offers a demo account option, which is beneficial for new traders who want to practice trading without risking any real money. Additionally, the platform is customizable, allowing users to adjust the layout to their preferences and choose from a range of different chart types.
Deposit & Withdrawal
IQ Option offers a variety of deposit and withdrawal methods, including Visa, Mastercard, Perfect Money, and AdvCash. The minimum deposit amount is $10, and there are no deposit fees.
Withdrawals can be made via the same methods used for deposits. IQ Option has a minimum withdrawal amount of 2 EUR/GBP, and a withdrawal fee of 2%, with a maximum fee of 25 GBP, 30 EUR/USD. However, it's worth noting that the withdrawal fee can vary depending on the payment method used.
The processing time for withdrawals may vary depending on the chosen method, with some methods being processed instantly, while others may take up to 3 business days. IQ Option also offers the ability to withdraw funds using cryptocurrencies such as Bitcoin, Ethereum, and Litecoin.
| Pros | Cons |
| Multiple deposit options including VISA, Mastercard, and e-wallets like Perfect Money and AdvCash | Limited options for withdrawing funds, with only bank transfers, credit/debit cards, and e-wallets available |
| Minimum deposit requirement of only $10 | Withdrawal fees apply, with a 2% fee charged for most methods and a maximum fee of $25, €30, or £25 depending on the currency |
| Low withdrawal amount | Some users have reported longer than expected withdrawal processing times |
| No deposit fees | Only one free withdrawal per month, with subsequent withdrawals subject to a fee |
| Ability to deposit and withdraw in multiple currencies, including USD, EUR, and GBP |
Customer Support
IQ Option offers multilingual customer support via email, social media platforms such as Facebook, Twitter, and Instagram, and live chat. However, there is no dedicated FAQ section on the website for customers to browse through common questions and answers.
IQ Option's customer support team is available 24/7 to assist with any queries or issues that traders may encounter. The support team is known for being responsive and helpful, which is a positive aspect of the broker.
However, the lack of a comprehensive FAQ section on the website could be a downside for traders who prefer to find solutions to their problems independently. It would be beneficial for IQ Option to add a dedicated FAQ section on their website to enhance the customer experience.
Educational Resources
IQ Option does offer educational resources to its traders. The broker provides a section on its website dedicated to educational resources, including tutorials, webinars, and trading strategies. These materials are designed to help traders of all skill levels improve their knowledge and skills in trading.
Additionally, IQ Option has a blog where it publishes market analysis and news related to trading. This can also be a helpful resource for traders to stay up to date with the latest market trends and news.
Conclusion
While IQ Option has some advantages such as low minimum deposit and high leverage, it also has some drawbacks such as limited educational resources and a history of customer complaints. The trading platform is user-friendly and offers a range of features, and the customer support team is available in multiple languages.
FAQs
Q: Is IQ Option regulated？
A: Yes, IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Q: What is the minimum deposit required to open an account with IQ Option？
A: The minimum deposit required to open an account with IQ Option varies depending on your location and the type of account you choose. In general, it ranges from $10 to $3000.
Q: Does IQ Option offer a demo account？
A: Yes, IQ Option offers a free demo account with virtual funds to practice trading strategies and test the platform.
Q: What trading instruments are available on IQ Option？
A: IQ Option offers a range of trading instruments, including Forex, stocks, cryptocurrencies, commodities, and options.
Q: What is the maximum leverage offered by IQ Option？
A: The maximum leverage offered by IQ Option is 1:500.
Q: What are the trading fees on IQ Option？
A: IQ Option charges a spread on trades, which is the difference between the buy and sell price. There are no commissions or hidden fees.
Keywords
- 10-15 years
- Regulated in Cyprus
- Market Making(MM)
- Global Business
- High potential risk
News
News AUD/USD Forecast: Aussie loses strength after being rejected from above 0.6500
The AUD/USD reached two-week highs on Wednesday, boosted by a weaker US Dollar, but then pulled back, erasing all gains after failing to hold above 0.6500. The short-term bias is still to the upside but is losing momentum.
2023-08-31 15:20
News FxWirePro:EUR/NZD succumbs to bearish forces after Eurozone business downturn deepens in July
EUR/NZD declined on Monday after PMI data showed euro zone business activity shrank much more than expected in July. • A survey showed the downturn in euro zone business activity deepened much more than expected in July as demand in the bloc's dominant services industry declined and factory output fell. • EUR/A NZD chart has taken a turn for the worse after todays drop.Overall risk growing for a bigger drop towards 1.7750.
2023-07-25 15:05
News US Federal Reserve seen holding rates in June
More than 90% of economists said the Federal Open Market Committee would hold its federal funds rate at 5.00-5.25%.
2023-06-14 10:04
News EUR/NZD extends drop, critical support lies ahead
EUR/NZD declined on Friday after data showed that U.S. employment and wages rose by more than economists expected in April.
2023-05-07 10:39
Exposure WikiFX Review: Beware of IQ Option, who was suspected fake clone!
Another fraudulent forex broker has been exposed by an investor!
2022-09-19 14:03
Exposure IQ Option absconded after cheating investor out of US$250
Trading training courses are necessary for beginners in forex. Most compliant brokers ’ websites will show a demo account or guideline for practicing. But the broker IQ Option, although regulated by CYSEC, has no demo account and was complained for blocking withdraws many times.
2020-04-14 21:20
Review 132
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armando Graterol
Colombia
I made a withdrawal from my account and it has been more than 21 days, but I still haven't received anything. The question is, where is my money? Because it's easy to receive money, but it's not easy to withdraw our own money.
Exposure
09-24
ppp6417
India
my name is pankaj shukla village kathvaiya post kalna gaipura Vindhyachal Mirzapur Uttar Pradesh India zipcode 231303..phone..9129964567,8317072017,, opened option digital trading currencies platform account of IQ option platform quadcode..in month may 2022 and made some deposit and withdrawal but.after 6 June 2022 by making huge profits of 20lac usdt of AUD JPY...and all money investment in the same platform mobile application iq option company.. client id 107712801,, register phone no 919129964567,user name Rishikapankaj gmail ID is killerB2happy@gmail.com of my daughter school guest account....and all the documents submitted byme is legal according to there policy in the name of pankaj shukla...now two years over asking to company support portal..none progress and action taken..but alternative they hacked my both Gmail ID killerB2happy@gmail.com &shuklappankaj587@gmail.com.. even Instragram id Facebook Id used to login in application...and Twitter account also.. because I shared that day gain post in all these social apps...this is daylight robbery against innocent and simple poor people money ...
Exposure
07-27
Steven3542
Costa Rica
I was a VIP user, I even had an account advisor and when I started making profits my profit percentages went down, I stopped being a VIP user, the account advisor disappeared, and they disabled the Support option, so I cannot contact Support for know what is happening, due to this situation I withdraw $2778 on May 16, 2024, seeing that the withdrawal indicated that it was under review, consult, and what they tell you is that it is under review and that they do not have a deadline for when they will to process my withdrawal. I hope this situation doesn't happen to anyone else.
Exposure
05-20
LANDVALVERDE
Peru
I would like you to help me withdraw my request from the IQ option broker, which until now does not give me access to have my money in my visa account.
Exposure
04-09
yoshi463
Peru
On the 25th of this month, I made a withdrawal on the platform, about 5 days have passed and the withdrawal has not reached my bank account.
Exposure
03-31
edeilson
Brazil
Fraud does not make payment address and a pharmacy. Most scams in Brazil, you do not have access to the account.
Exposure
03-25
Lucas1739
Brazil
Good afternoon! It will be 10 months since Iq Option blocked my account. They don't respond to my emails that I send to support, they are saying that I broke the platform's rules, but they don't tell me why. I tried to talk to find a solution but they didn't want to solve my problem. I just ask that you return my balance.
Exposure
03-21
joselo391
Ecuador
Since 11/30/2023, my account has remained under review, it catches my attention because I have had the account for two years, on several occasions I burned the account and deposited again, but this time I finally started to be profitable and I wanted to withdraw my first 100 dollars of profit, the account goes into review, they explain absolutely nothing and tell you that there is no specific time for the review and that while the review remains I cannot withdraw the money, be it the capital I deposited or the profits. The truth is that I have doubts that they will return my money, that is why I decided to expose IQ OPTION so that everyone can be more careful when choosing a broker.
Exposure
2023-12-26
Lucas1739
Brazil
Good morning! I started in binary options at the beginning of this year and the broker l9 Option never blocked me because I was negative. When I decided to study and delve deeper into binary options, when I started to make a small profit, they blocked me. This is a shame for binary options. I've attached all the proof for analysis. History of deposits and withdrawals from January 2023 to May 2023.
Exposure
2023-11-05
sara8935
Peru
I lost 1500 soles being a naive person thinking that I was going to have more income. But it was a total scam. I want to get my money back. Please help me. I have to continue depositing money to fulfill my tasks. But the case is a total scam.
Exposure
2023-10-27
Pelon7053
Guatemala
I have been waiting for months for my withdrawal that never reached my bank account, in short, a total fraud for months, I have been waiting for that and the only answer is that they send me some codes that the bank classifies as invalid for operations that the broker never carried out and the broker did not It gives me a solution for my money and the bank tells me that the transaction was never carried out by the broker.
Exposure
2023-05-30
nup
Mexico
I invested 4000 in shares and had a return for a period and when I checked again I had lost the capital but nevertheless I received notifications of profit so I decided to inquire and in an inactive period according to withdraw a very large sum of money I wrote to clarify and they ignored me.
Exposure
2023-05-08
FX3206015923
Colombia
In March, I made the withdrawal of my funds. Today is April, and they did not arrive at my bank account from the same account I deposited. I wrote to support and they did not give me a solution. I lost those funds. I see that they are a very bad broker, who willingly paid me. I sent them the bank statement and they never arrived to my account.
Exposure
2023-04-15
zak3222
Malaysia
fyi, iq option is a scam
Exposure
2023-03-23
Alex7455
Salvador
I was induced to invest through advertising, plus calls from brokers to become a VIP client, the last entries seemed to manipulate the market, what I need is to recover the difference of the investment for $5,434.
Exposure
2023-03-15
没有昵称3437
Hong Kong
EURUSD set stop loss at 1.067, but it is actually 1.069
Exposure
2023-03-13
Abbood
Iraq
A scammer, I was deceived. I got to know this application through YouTube channels and deposited $750 intermittently so far I won a little, then I withdrew and after a while I deposited the amount, I could not profit from the platform and because they manipulate the candles and make you lose. And now I lost every head My money and this ID 41106518 is for my account in the IQ OPTIONS platform and now I want to get my money back and also I want to inform you that the platform evaluation is not good
Exposure
2022-10-26
谢6116
United States
Close order at 17:00 on 26 June for 0.899, however candle stick never got near that region (0.895). Would not provide data on forex quotes.
Exposure
2022-06-28
WinWiFi
Thailand
I am an affiliate with IQ Option Broker since 2015. I didn't think that they would run out of liquidity by squeezing affiliates in this way. There are a lot of complaints from trader. Shouldn't trade with this broker. Better go trade forex on Broker MT4/5 Platform
Exposure
2021-12-03
FX3618538292
Nigeria
I was scammed, I deposited money on IQ option through transfer with the account details they gave me on 6th October till Date the Haven't credited my wallet neither did they refund me, I'll drop the screenshot and proves of payment and date and my IQ option account too.
Exposure
2021-11-05