Established just in 2013, IQ Option grew rather rapidly to become one of the largest online trading brokers with over 20 million members from 31 countries using their trading platform. The broker provides their clients with a vast collection of trading tools and intuitive trading platform that is available for multiple devices, with good trade execution speed. They offer a wide range of tradable instruments across various asset classes, including forex options and CFDs on forex, stocks, cryptocurrencies, commodities, indices, and ETFs.
IQ Option Review Introduction
In this IQ Option review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including IQ Option.
IQ Option Platforms & Tools
IQ Option provides their clients with their in-house developed, award-winning trading platform, the IQ Option Platform. The platform is available as a web trading terminal, installable desktop applications for Mac and Windows computers, and mobile apps for Android and iOS devices. With a user-friendly and intuitive interface, the platform comes packed with lots of helpful trading tools, such as visually appealing charting tools, graphical tools, technical indicators, traders’ sentiment widget, high & low value widgets, news widget, volume widget, community chats, newsfeed, alert tool, earning calendar, crypto calendar, and an economic calendar.
IQ Option Research & Education
The broker has a collection of helpful educational materials, such as general trading guides and tutorial videos. The trading guides cover a lot of topics that both beginner and advanced traders will find helpful. Their easy-to-understand video tutorials cover a range of different topics, such as trading basics, different markets, analysis, financial news, and how to use the IQ Option platform.
IQ Option Trading Accounts
IQ Option offers two account types: the standard account and the professional client account. The minimum deposit is $10, and there are no commission charges — all trading costs are included in the spread. However, there is an inactive account fee of €10 per month that occurs after 90 days of inactivity. The maximum leverage for the standard account is 1:30, but that is not the case for professional clients.
IQ Option Account Funding
IQ Option accepts a variety of payment methods for funds deposits and withdrawals. The available methods include bank transfer, MasterCard and Visa cards, Neteller, Skrill, WebMoney WME, and WebMoney WMZ. PayPal is also available for deposits. Transaction fees and the processing time depends on the type of payment method used. Accounts can be opened in USD, GBP, EUR, ZAR, and RUB.
IQ Option Customer Service
The broker’s customer support team is available on all trading days, 24 hours per day, and you can reach them through the phone, email, and online chat. Customer support services are provided in multiple languages. The online chat channel is built into the trading platform.
IQ Option Regulation
IQ Option is a brokerage brand operated by IQOption Europe Ltd, which was licensed to operate as a Cyprus Investment Firm (CIF) in 2014, with the license number: 247/14. Thus, the broker is regulated by the Cyprus Securities and Exchange Commission (CySEC). Being an EU-based company, the broker abides by the rules of the European Securities and Markets Authority (ESMA) — the EU’s financial regulatory agency.
IQ Option Review Summary
IQ Option is a fast-growing online broker that offers a wide range of tradable instruments across multiple asset classes through the award-winning trading platform. The broker is well regulated by European authorities.
It is worth mentioning that some of the trading products and services in this IQ Option review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the IQ Option broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.