Cruel Honest Review of IQ Option – IQ Option Exposed

I wrote a review of my first IQ option a while back, but much has changed since then. Therefore, we are updating the review of this IQ option. When I wrote the first review of IQ options, they were mostly binary options brokers, but now they also offer other “investment products”.

Binary Option is a blatant scam, which is why I couldn't recommend IQ Options at the time. The question is, has it changed, or is the IQ Option still an unreliable, dubious scam broker？

Regulatory Cyprus

Let's start with regulation. Regulation is the most important aspect to consider when looking for a broker. Without regulation, brokers are unreliable.

The good news is that IQ options are regulated. But the bad news is that they are regulated and licensed by CySEC. Since CySEC is a Cyprus-based regulatory agency, this regulation is not reliable.

Good legitimate brokers are usually regulated by trusted regulatory agencies such as the SEC and FINRA.

Features

The various features available in the IQ Option are a waste of time and will not be discussed in great detail. Here is a shortlist of available features:

Investment Products: Let's start with a few investment products. IQ Option offers stocks, forex, cryptocurrencies, and ETFs. Isn't it great you might think？ However, these are only provided in CFD format. I'll quickly explain what that means.

In addition, the IQ option offers another illegal product, the binary/digital option.

Multiplier: The IQ option “Multiplier” is just leverage. Leverage ratios vary greatly. As far as I know, the maximum leverage ratio available is 1/300. In this way, you can lose money 300 times faster than usual.

IQ Option App

Mobile App: IQ Options also offers mobile apps and earlier apps. I'm not 100% sure if they still have it. Their mobile apps are banned from Apple's App Store because even Apple knows that binary options are a scam.

“Education”: In addition, the IQ Option website has several educational series that show you the fastest ways to lose money.

Technical Indicators / Charts: Like other brokerage platforms, IQ options provide customizable charts and technical indicators. These exist to create the illusion that you can make money with IQ options using some flashy indicators and charts.

Practice / Demo Account: If you still don't want to lose real money, you can also try your luck with your IQ option virtual account. You can play with virtual money with these accounts. Ideally, these demo accounts will make you believe that you have a chance with real money.

Trade room: This is a chat room that will tell you the fastest way for other fake accounts to lose your money. In addition, in this chat room, you can read about all the fake accounts that make a lot of money from IQOption.

Competition: IQ Options also hosts trading competitions. These contests work more or less as follows: 1. Deposit money to a specific contest account. 2. You lose money as soon as possible.

24/7 `Support`: The IQ option also provides 24/7 support. So if you have any questions about why you can't withdraw funds, you're in the right place.

Smooth and user-friendly platform: In general, IQOption's platform is very simple and user-friendly. This means that the platform allows you to lose your money as easily and easily as possible.

Very extensive Bid/Ask spreads: Another factor that makes it even much less probable to ever make cash with IQ Option is their truly extensive Bid/Ask spreads. Due to their extensive spreads, you'll have to shop for ways above the cutting-edge marketplace fee of an asset and promote ways underneath the cutting-edge marketplace fee of an asset. So selecting the proper course isn`t sufficient to make cash. The asset has to headways in that course simply to interrupt even.

By now there are possibly even extra needless and vain features.

Is IQOption a Scam？

I don`t need to waste it slow with heaps of needless information.

Therefore, I get immediately to the factor with this.

IQ Option is NOT a valid dealer!!!

Here are five motives why that is the case:

Binary Options:

If you didn`t understand yet, I am sorry to burst your bubble. But binary alternatives are a big scam!!! That is likewise the motive why binary alternatives are becoming banned in endless countries. So if a dealer gives a scammy product that makes the dealer simply as plenty a scam. The reality that IQ Option gives (or offers) binary alternatives is sufficient to cause them to an illegitimate dealer! If you need to find out about all of the motives why binary alternatives aren`t valid funding products, you need to test out my binary alternatives review!

Regulation:

Like I stated before, policies are one of the maximum critical factors of a dealer. A sketchy law enterprise primarily based totally in Cyprus does now no longer make a dealer valid. This is every other motive this is sufficient to now no longer advise IQ Option.

Leverage:

Leverage in line with se isn`t always an awful factor. However, if a dealer gives insane leverage ratios of 1:three hundred like IQ Option, that may be a very shady factor. Just consider it yourself. Why could a corporation let you borrow three hundred instances of your cash to change with？ Because they need you to lose your cash as rapidly as possible!

CFDs:

What is a CFD？ CFD stands for `Contract for Difference` and they may be an Over-The-Counter (OTC) product. In this manner that IQ Option can be your counterparty whilst you change CFDs with them. Do you notice any struggle of the hobby here？ If your dealer takes the alternative facet of your change, they need you to lose. CFDs are only a higher model of binary alternatives. They make the dealer experience like he/she is buying and selling actual products, however, in reality, he/she isn`t. If a dealer says they provide stocks, Forex, cryptocurrencies, and extra, however, best in the shape of CFDs, they aren`t valid.

Can`t withdraw:

There were endless incidents of humans now no longer being capable of withdrawing their winnings. So even in case you are fortunate sufficient to win a few cash, it isn`t assured that you'll be capable of withdrawing that cash.

So one extra time, is IQOption a scam？ Yes!

Conclusion

In conclusion, IQ Option is an untrustworthy, illegitimate, shady, sketchy, scammy… dealer that I can`t advise!

You may also ask yourself why I am the best man or woman at the net announcing this. The motive is that 99% of all different websites aren`t being genuine. Why aren`t they being genuine？

Because IQ Option is paying them to be dishonest. IQ Option and maximum different binary alternative agents for that count provide very rewarding associate programs. So those web websites sell agents like IQ Option and earn juicy commissions on every occasion while a person symptoms and symptoms as much as IQ Option.

Sadly, maximum humans aren`t clever sufficient to peer thru this bullshit. So please do yourself the big want and keep away from IQ Option and any different (former) binary alternative agents!!! Don`t fall for the lies!

I hate it while humans suppose that binary alternatives and agents like IQ Option are valid due to all of the shady promotional tactics.

I certainly don`t need you to be the subsequent sufferer of those scams. But it's far best you that could determine this. So make the suitable choice and don`t deposit any cash to those firms!!!

Binary alternatives and corporations like IQ Option simply shed an awful mild at the monetary industry, on buying and selling, and on actual alternatives. Options are actual and valid funding vehicles. Sadly, many humans fail to differentiate between actual alternatives and binary alternatives even though there may be a big difference. Normal, vanilla alternatives are legit, while binary alternatives aren`t. If everybody tells you otherwise, he/she both is a binary alternative dealer, affiliated with a binary alternative dealer, or simply stupid.

If you need to discover ways to change actual alternatives, you need to test out my loose novice course!

Recently IQ Options sketchy commercial enterprise version were given harmed because of EU`s new ESMA policies. But I am assured that IQ Option and maximum different comparable agents will give you new products (that aren`t tormented by those policies) to scouse borrow cash from their clients.