- Open a new instrument
- Selected instruments
- Multiple window view
- Currently viewed instrument
- Chart Type
- Time interval
- Graphic tools
|Headquarters||Saint Vincent and the Grenadines|
|Support Number||+61 261 452 936|
|Support Types||email , Live Chat , Phone|
|Languages||English , Português , Español , Русский , 中文 , Indonesia , Türkçe , Italiano , Deutsch , 한국어 , Français , Svenska , ไทย , हिन्दी , Tiếng Việt , বাংলা , Hindi|
|Trading Platform||IQ Option Platform|
|Minimum 1st Deposit||$ 10|
|Minimum Trade Amount||$ 1|
|Maximum Trade Amount||$ 20,000|
|Leverage||1:30 EEU | 1:1000|
|Free Demo Account||Open Demo|
|Fee Info||1% to 2.5% of the transaction. Swap rate of 0.03% of the face value of the position to keep the position open overnight|
|Account Types||Demo , Standard , VIP|
|Deposit Methods||Credit Card , Neteller , Skrill , Perfect Money , Webmoney|
|Withdrawal Methods||Credit Card , Neteller , Skrill , Perfect Money , Webmoney|
|Number of Assets||100|
|Option Types||CFD , Forex|
|US Traders Allowed|
- High return of up to 91% of payment in case of successful commerce
- Very low minimum initial deposit requirement - $ 10 account opened • IQ Option is a broker regulated by CySec
- Cutting edge trading platform
- Direct access to cryptocurrency markets, such as Bitcoin
- Secure account verification
- Fast cash withdrawals
- Smaller range of markets than some rivals in Forex and CFD, such as eToro
- Auto-build robot / auto-trading feature removed
Managed and owned by IQ Options Europe Ltd, IQ Option is a financial services provider based in Cyprus. Designated as a Cypriot investment company (CIF), the trading platform is under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC).
It is authorized to provide financial services to customers in the European Economic Area (EEA) under CIF license No. 247/14. The trading platform went live for the first time in 2013 and has since grown by leaps and bounds. With its low $ 10 minimum deposit requirement and free demo account, IQOption has made online trading truly accessible for everyone.
During 2020, IQ Option also introduced margin trading. This moves them alongside more established CFD traders and brokers in the EU and beyond.
IQ Option Regulation and Reputation
Over the few years in which it has been operational, IQ Option has won several awards praising the quality of its services and its reliability. Today, it is also recognized as one of the leading brokers in the industry. To reinforce their image as a trusted broker, traders will be pleased to know that IQOption is a regulated broker under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC) under the name of the holding company IQ Option Europe.
As a broker regulated by CySEC, this means that IQ Option is also a broker compatible with MiFID. In other words, IQOption is authorized to offer its services to customers within the EEA. Another benefit for customers of being regulated by CySEC is the fact that IQOption is also a member of the Investors Compensation Scheme. Under this regime, each of IQ Option’s client funds is protected up to a maximum of 20,000 euros.
But for traders outside the EEA, their accounts are managed by a separate sister company called IQ Option Ltd. The company is based in Mahé, Seychelles, and is regulated by the Seychelles Financial Services Authority (FSA).
IQ Option Trading Platforms
Instead of opting for a standard trading platform, IQ Option has chosen to provide its customers with a proprietary platform designed specifically to meet their trading needs.
The same platform is used for CFDs and other trades. Well designed to be easy to use, the platform features a large chart that is a great help for traders who want to monitor market conditions. Margin trading is now also available with certain instruments.
In addition, the platform comes with a wide selection of trading tools that are not normally found on any trading platform. Some of the advanced trading tools that we can see are popular technical indicators, such as moving averages, Bollinger bands, MACD and RSI.
The brand often adds new features to the platform to offer traders more flexibility. One of these features is ‘position loading’. This allows a trader to keep an open trade if it is approaching a stop loss. This gives the negotiator more space to allow negotiations to recover before they are closed. It should be used with discipline, but it offers traders new options for risk management or trading strategy.
IQ Option Mobile Trading
For traders who cannot stay at their trading terminal for an extended period of time, they can install the mobile trading app that was provided free by IQ Option. The mobile trading app, developed specifically for smartphones and mobile devices, allows traders to check the status of their accounts, stay up to date with all market developments and also carry out trades.
IQ Option Trading Accounts Offered
Unlike most CFDs and investment brokers, IQ Option has chosen to offer only 3 types of trading accounts, a standard trading account, a VIP account and a demo account.
To open a standard account, only a minimum deposit of $ 10 is required. As for the VIP trading account, you need to make a minimum deposit of $ 1,900 (or the currency equivalent) – but it has reached a trading volume of $ 15,000.
Both types of trading account give the trader the right to participate in IQ Option’s weekly trading competitions. However, the VIP account will give the account holder additional trading benefits, such as free participation in trading promotions, additional 3% returns and the service of a personal manager.
Potential traders who want to try the platform can first sign up for the demo account. It is provided free of charge and does not require any “pre-deposit”, as some brokers require their clients to do first. The demo account comes pre-loaded with $ 1000 in practice money that you can use to run your practice trades.
IQ Option Bonuses and Promotions
In line with CySEC regulations, IQ Option no longer offers any type of deposit bonus. The only type of promotional offer that IQOption dealers can participate in is the negotiation competition that they can register for by paying an entry fee. Competition prizes range from $ 100 to about $ 100,000.
IQ Option Assets
Currently, IQ Option traders can trade on more than 90 different types of underlying assets. They consist of a selection of currency pairs, market indices, stocks and commodities. Recently, IQ Option also added a selection of 12 different types of cryptocurrencies for its customers to trade.
The list of markets available for trading is constantly growing. The company recently expanded its stock list and raised the total beyond 150. Expect this expansion to continue in all areas. IQ Option also spread the markets across all products, so items such as Oil, Gold and Silver were added to the business asset lists.
Minimum trade sizes change with each product. Therefore, trades can be opened for $ 1, but a Forex CFD has a minimum trade size of $ 20 and FX $ 30 (or equivalent in euros or sterling).
IQ Option FX
FX are a very new product. So new in fact, that they are currently only available in the top five currency pairs.
Available on regulated EU markets, they offer fixed risk investments. There is a defined expiration for each exchange option and the potential payment depends on the price of the underlying asset. Therefore, when a trader believes that a strong price movement is imminent, payments reach 2,000% and more.
As maturity approaches, payments tend to increase, as these options are affected by the same delta and gamma values as traditional trades. There is a minimum trade of $ 30 in exchange options, but they can be sold at any time until maturity. Therefore, if a dealer has made a call or put option, both can be sold before maturity to lock in profits or reduce losses.
This is a great way for EU traders to still access fixed risk trades.
As the product grows in popularity, IQ Option will undoubtedly expand the range of markets and validity times (currently, only 1 hour of validity is available).
IQ Option Multiple Cryptocurrency
Another innovative product provided by IQ Option are multiple cryptocurrencies. They function effectively as leveraged trading, so that price movements in the underlying assets are amplified. IQ Option first introduced this idea with Bitcoin x 100. This has amplified price movements by 100 times, creating a great opportunity – and risk – for traders.
This product was so popular that IQ Option expanded the concept to Ethereum, IOTA, Ripple and others. The multiplier factor ranges from x20 to x50 and x100 in Bitcoin as mentioned. These products are currently only available to merchants outside the EU.
IQ Option Commercial Costs and Fees
IQ Option is transparent with its fees and costs. To see how much trading with IQ Option will cost, you need to consider:
- Spreads – The difference between the bid and ask prices. This is usually variable and will depend on volatility, liquidity and even the time of day.
- Swap rates – These are rates applied to positions held overnight. Rates range from 0.1% to 0.5% and will be higher when positions are taken over the weekend.
- Inactive account fees – If an account is inactive for 90 days, IQ Option will begin charging € 10 (or the currency equivalent) each month, assuming the account balance is above zero.
- Withdrawal fees – There are no fees for most payment service providers, but bank transfers do charge $ 31 (or equivalent currency).
- Commission – In certain cryptocurrency negotiations, a 2.9% commission will be charged. This charge does not apply to any other assets.
IQ Option Customer support
One of IQOption’s main strengths is customer service. To ensure that IQOption’s traders can get the assistance they want whenever necessary, the broker offers its support services 24 hours a day, 7 days a week. They can contact the support team via email, live chat or phone. For the benefit of traders whose mother tongue is not English, IQOption has also translated its website into a dozen different languages.
IQ Option Deposit and Withdrawal
For the financing of trading accounts at IQOption, the broker offers support for several methods of transferring funds. These methods include credit card transfers, ewallets and bank transfers. Accepted credit cards include VISA, Mastercard and Maestro. As for eWallet options, they include popular wallets like Neteller, Skrill, Perfect Money and Webmoney.
To withdraw funds, traders can also use the same methods they used to make a deposit in the first place. The processing of withdrawal requests usually takes one business day, but it can take a few hours if the withdrawal method is by eWallets. For credit cards and bank transfers, the entire withdrawal process can take up to 10 business days to complete.
Growth in Asian markets has also led IQ Option to expand its reach in that region. As a result, bank transfers are now possible from a wide variety of banks in this area:
- Thailand – Bangkok Bank, Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank, Ayudhya Bank, Government Savings Bank, TMB Bank.
- Indonesia – Central Asia, Negara Indonesia, People of Indonesia, CIMB Niaga, Mandiri.
- Vietnam – Vietcombank, Asian Commercial Bank, Investment and Development Bank, Techcombank, Vietin Bank, Sacombank, Donga Bank, Eximbank.
- Malaysia – Maybank, Hong Leong Bank, RHB Bank, Public Bank, CIMB Bank, AmBank
- Philippines – Help2Pay – Supports BDO (BDO Unibank) and MTB (Metrobank)
South America’s options are also being expanded:
- Brazil – Jeton Wallet (Boleto Bancário support), AstroPay (Boleto, Itaú, Bradesco, Banco do Brasil, Caixa, Santander)
- Argentina – AstroPay (Pago Facil, Santander, Banco Galicia)
Perfect Money can also be used throughout South America, including Colombia. Perfect Money is also a valid choice in Nigeria and Pakistan, as well as in parts of Europe.
Jeton will also support IQ Option traders from India and a number of banks serving South African traders have also been added.
China Union Pay can facilitate deposits and withdrawals for merchants in mainland China, Hong Kong, Taiwan and Macau.
Is IQ Option suitable for day trading?
One of the most important factors to consider when looking for a broker to carry out the day’s trading is to note the type of instruments available for trading. With IQ Option, since the broker offers CFDs that allow traders to open and close their market positions at any time, it is a suitable broker for day trading. In addition, the broker is well regulated and this helps to ensure that your money is treated professionally and ethically.
What is the minimum deposit required to open a trading account?
The minimum deposit at IQOption is $ 10.
How quickly can my withdrawal request be processed?
IQOption withdrawal requests typically take one business day, but can be as short as a few hours.
Is IQOption a reliable broker?
Yes. IQOption is a reliable broker and is regulated by CySEC.
What kind of trading platform does IQOption have?
IQOption uses a proprietary type of trading platform.
What is the maximum leverage available on IQOption?
The maximum leverage offered by IQOption is 1: 500 for non-EEA members. EEA traders will see leverage limited to 1:30. EEA traders can, however, register as professionals – this means that regulatory limits do not apply to their accounts. Visit the IQ Option for more details.
IQ Option Accepted Countries
IQ Option accepts traders from Thailand, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Norway, Sweden, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and many other countries.
Traders cannot use the IQ Option in the United States, Japan, Israel, Turkey, Belgium, the Russian Federation, Australia, Canada, Germany, Italy, the Netherlands, Romania, Spain, Portugal.Visit Broker