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IQ Option Review: Detailed Analysis & Insights

Explore our thorough IQ Option review where we evaluate key aspects such as trading platforms, account options, fees, and customer support. Gain the insights you need to decide if IQ Option aligns with your trading goals.

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IQ Option Overview

Websiteiqoption.com
Year Founded2013
Countries of RegistrationCyprus, Saint Vincent and the Grenadines
Website LanguagesEnglish, Spanish, Portuguese, Russian, German, Chinese, Arabic, Turkish, Indonesian, Italian, French, Swedish, Thai, Bengali
RegulatorsCySEC, SVGFSA
Broker TypeMM
DealingB-book
Minimum Deposit$10
Account CurrenciesUSD, EUR, GBP, RUB
Spreadaverage
Trading PlatformsQuadcode
Trading AssetsCurrencies, Indices, Stocks, ETF, Cryptocurrencies, Metals, Energies, Soft Commodities

Brief look at IQ Option

IQ Option is a regulated broker founded in 2013. It combines its own award-winning platform with a low $10 entry threshold and $1 trade size, offering 300+ instruments across CFDs and fixed-time options. The broker attracts both beginners and active traders with an intuitive interface, rich charting toolkit and 24/7 multilingual support. While spreads are competitive, availability is limited in a number of jurisdictions and binary options remain high-risk.

Pros

  • Low $10 minimum deposit and $1 trade size
  • Proprietary platform with 100+ indicators and built-in news feed
  • Wide range of instruments (300+), incl. 25+ crypto CFDs
  • Free practice account with $10 000 virtual funds
  • Fast withdrawals (1-3 days) and many funding methods
  • CySEC regulation and segregated client funds

Cons

  • Binary options classified as high-risk in many countries
  • Inactivity fee after 90 days
  • Higher spreads than ECN brokers; no MT4/MT5 support

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IQ Option doesn't accept clients from United States!

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IQ Option Reviews

4.2/5
5 reviews
TraderJoe

IQ Option has been fantastic for my trading journey. The demo account is incredibly helpful for practicing before you dive into real trading. I was impressed by the low minimum deposit and the variety of account types available. The app is easy to navigate, and I can log in quickly to check my trades. Overall, I highly recommend this broker!

8/15/2023
ForexFanatic

I've been using IQ Option for several months now. The trading spreads are competitive, and the leverage options are decent. I had a minor issue with the withdrawal time, but customer support was responsive and helped resolve it.

5/10/2023
InvestSmart

My experience with IQ Option has been mixed. The sign-up process was straightforward, and I appreciated the bonus they offered at the beginning. However, I found the app could be glitchy at times. The rebate program is a nice touch, but I wish the minimum deposit was lower for newbies.

12/20/2022
CryptoQueen

I love trading on IQ Option! The demo account feature is perfect for experimenting with different strategies without risking real money. The login process is seamless, and I enjoy the variety of assets available, including forex options. Their customer service is also top-notch, which is a big plus for me.

1/30/2023
MarketMaverick

IQ Option is a solid broker with a user-friendly platform. The ability to download the app makes trading on the go easy. I appreciate the different account types available, which cater to various trading styles. However, I did find that the withdrawal time could be improved, but overall, I'm satisfied with my trading experience.

11/5/2022

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Is IQ Option regulated?

Companies
IQ Option Europe Ltd, IQ Option LLC
Countries
Cyprus, Saint Vincent and the Grenadines
Regulators
CySEC, SVGFSA
Investor Protection
ICF
Investor Protection Size
€20 000
Publicly Traded
Segregated Accounts
Guaranteed Stop Loss
Negative Balance Protection

IQ Option Account Types

Standard
Min Deposit: $10
Lot Size: 0.01 lots
Spread Type: Floating
Execution: Market
Min Spread: 0.5 pips
Fee: No
Max Leverage: 1:500
Stop Out: 50%
Margin Call: 100%

Additional Features

  • Demo Account
  • VIP Account
  • Swap-Free Account
  • Copy Trading
  • VPS
  • PAMM/MAM Accounts

Binary Options

AccountBinary Options
Minimum Deposit$10
Option TypesCall/Put, Turbo, Digital Options
Minimum Stake$1
Payoutfrom 55% to 95%
Expiration Timefrom 30 seconds to 30 days

IQ Option Funding and Fees

Base currencies
USD, EUR, GBP, RUB
Deposit and withdrawal methods
Bank Wire, Credit/Debit Cards (Visa, Mastercard), Skrill, Neteller, Webmoney, Volet.com, Perfect Money, Cardano (ADA), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Tether (USDT)
Inactivity fee
$10 per month after 90 days
Interest on margin
Withdrawal Fee
$30 on bank wire; other methods free

IQ Option Trading Platforms and Conditions

Trading Platforms
Quadcode
Execution Speed
0.1 ms
Scalping
Expert Advisors (EAs)
Depth of Market (DOM)
Spread
average

IQ Option Trading Assets

Currencies
63
Indices
12
Stocks
379
Cryptocurrencies
26
Bonds
0
Metals
3
Energies
3
Soft Commodities
3
ETFs
22

Education and Analytics

Economic Calendar
Indicators
Robots
Signals
Autochartist
Expert Analytics
News Feed
Education Articles
Webinars
Seminars

Broker Contests

Demo Contests

Contest NameStart BalancePrize PoolPeriodDetails
Weekend Treat$100$1,500WeeklyLearn More
Salary in a Day$100$3,000WeeklyLearn More
Austin 1000$1,000$1,000WeeklyLearn More
IQ Launch$100$10,000WeeklyLearn More
72 Hours$100$5,000Every 2 WeeksLearn More

IQ Option Support

IQ Option Alternatives

BrokerIQ OptionOctaFXeToroDeriv
TypeMMECNMM, SocialSTP
Minimum Deposit$10$25$200$1
RegulatorsCySEC, SVGFSAFSC, MISA, CySECSFSA, FCA, CySEC, ASIC, SECLFSA, BVIFSC, VFSC, SVGFSA, JFSC, MFSA
PlatformsQuadcodeMetaTrader 4 (MT4), MetaTrader 5 (MT5), OctaTradereToroMetaTrader 5 (MT5), Deriv X, cTrader
Spreadaverageaveragehighlow
Leverage1:5001:10001:301:4000
AssetsCurrencies, Indices, Stocks, ETF, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, Cryptocurrencies, Metals, EnergiesCurrencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETFs, Metals, Energies, Cryptocurrencies

FAQ

Is IQ Option safe?

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What is the minimum deposit for IQ Option?

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How much is the maximum leverage at IQ Option?

What trading platforms does IQ Option offer?

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