IQ Option – 2020 Honest Review by a Trader – Is It LEGIT

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    Best Binary Options Broker 2020!
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IQ Option Review – Is it SCAM or LEGIT broker?

IQ Option Ltd

  • Free demo account
  • Simple to use, yet very customizable
  • Many available assets
  • Intuitive user interface

IQ Option Ltd, also known as iqoption, is one of the established binary options brokers in the industry. As traders, we’d like to give you our honest review of the services they offer.

IQOption will be of interest to both newer and more experienced traders who want to try out a newly-developed trading pattern or method. That’s because, apart from having a completely free binary options demo trading mode, IQOption also offers different types of graphs. These include candlestick charts and lots of useful indicators that will help you to evaluate just how effective your methods are. You don’t see that often with other brokers.

The success of its model is evidenced by the fact that IQ Option is the fastest-growing broker in the binary options field. As of February 2020, it had 30 million active traders. It is also the winner of several awards, and Google Play rankings show that its mobile app has been rated as the best binary options trading app across 26 countries.

Apart from offering you a trading platform, IQ Option sends out training emails that are aimed at helping you to succeed with binary options trading. If you’re new to binary options trading, you’ll find out about hedging, rollover, and so on. The emails are interesting, but if you already know what you’re doing, you might find some of them a bit spammy.

IQ Option binary options demo

IQ Option’s trading platform

IQOption is well-known for its demo account option. It just takes a few seconds to open one. Simply click on the green Visit broker button above and then select “Log in With Facebook.”

The trading account will be set up immediately, and you are ready to try your hand at trading. You can also create a new account just with your email account, so you don’t need a facebook account, of course.

IQ Option platform

IQ Option has its own custom-made platform, which you’ll find to be very user-friendly. Unlike most other brokers, IQ Option has developed its interface. Nowadays, all brokers do that – but back in the day when binary options started, nobody was doing it.

The differences may be subtle, but we see them as a successful effort to make binary options trading simpler for both the man in the street and the seasoned trader.

IQ Option has a swift platform with nicely customizable charts.

The screenshot above gives you a look at the IQ Options platform. Using the mouse scroll wheel zooms the graph in and out for an overview or a more detailed analysis. You can also move the graph by dragging the mouse. The buttons on the bottom left are used for adding indicators, trend lines and similar features that have, so far, only been possible in Meta Trader. Personally, I have never seen a binary options platform that is quite as customizable.

Best Binary Options Brokers 2020:
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    Free Demo Account!
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  • Binomo
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  • A: Trader’s insight
  • B: Expiration time choices
  • C: Selecting the trade size (trades from only 1 USD!)
  • D: Open a PUT option or a CALL option

Watch our quick IQ Option video platform review

IQ Option Demo Account

Like many other brokers, IQ Option also offers a demo account, which is an undoubtable advantage for anyone who just wants to try trading with broker.

But what makes this demo account so special and what makes is stand up among its competition is the fact that it is completely free and unlimited. Opening a demo account is not conditioned by filling in any personal information (KYC verification) and is not limited in time. The demo account will automatically receive $ 10,000 in virtual money, with which you can try trading all available instruments.

When you run out of this virtual money, all you have to do is click a button to apply for new funds and within seconds, your practice account is filled.

Broker’s awards

IQ Options has received various prestigious awards from investment magazines featuring binary options trading and traders. Awards such as Best Binary Options Broker Trading Application, Most Innovative Binary Options Broker, Most Reliable Binary Options Broker, and more just seem to be streaming in.

And although short-term investment options such as binary options trading are not usually popular with traditionalists, one of the most influential Stock Markets in the world, the Nasdaq, has singled out IQ Option as a resource worth linking to. You can find out more here: Interview with the IQ Option’s founder.

IQ Option Mobile App

Ever since its launch in 2020, IQ Option has undoubtedly been one of the most innovative binary options brokers. With every new technology launched, IQ Option pushes binary options trading to the next level. And IQ Option’s mobile apps are not an exception. If you have never tried a binary options trading app before, skip the rest and start here. If you have, you’ll find the IQ Options Mobile app to be superior. Here’s why:

  • It is the best mobile application for binary options trading you can find on the market. In fact, it’s an award-winner.
  • Its platform features an extremely user-friendly interface and great graphics.
  • The IQ Option mobile platform is extremely fast, and it is not surprising that most traders use the mobile platform more that the desktop one.
  • The application is very well secured, so your money and personal data are safe, and you can set up the app so that it only logs in with your fingerprint.
  • It also offers notifications, so you will never miss another tournament, or any other IQ Option event.
  • The IQ Option app is easy to find and download regardless of your preferred device’s operating system. It is available on iTunesandGoogle Playstore.
  • The app supports exactly the same functions as the desktop app (charts settings, trend lines, etc.)
  • You can log in via Facebook or Google accounts.
  • You can deposit your money directly when using the app. It takes just a few taps.
  • If you would like to find out more about IQ Option’s mobile app just click the link to read our review.

IQ Option’s VIP account

In IQ option, all smaller traders have the so-called standard account. This means that they are active traders, but all their deposits combined don’t give a total of $3,000. However, if one’s deposits, in single or multiple payments, exceed $3,000, they’ll be assigned a VIP account. What does that mean?

What is a VIP account?

Having a VIP account brings many advantages. Some of the benefits are:

  • High-yield assets that can allow you to reach up to 91% profit for each correct prediction.
  • Access to the Educational Section prepared by experts from IQ Option. This feature includes such things as lessons on money management, using indicators, a list of mistakes that inexperienced traders make, and so on.

IQ Option trading patterns

IQ Option trading patterns

Broker IQOption offers various tools and functions in its trading platform. Among these, one of our preferred features is the ability to examine IQOption trading patterns. You can view trading patterns on the IQ Option web page, and the format was pioneered by this broker.

Everybody knows that for successful trading you need an understanding of trading patterns. Whether we like it or not, the lack of this information will impact negatively on our trading results. The developers of the IQOption trading platform know this, and that is why they have added this section to their website.

All the patterns which you can find on IQ Option pages have their own video tutorial. You can learn how to use the binary option trading patterns, and you can save a lot of time and trial-and-error attempts by using the information provided. All the video tutorials that IQ Broker offers can be found on the right-hand side of your trading platform.

Perhaps it will be a bit of a stretch grasping the finer details, but I think that a smart newbie or an advanced trader should be able to grasp them quickly. The video tutorials, will demonstrate some basic trading patterns for trading binary options. The techniques demonstrated include the use of the trend line trading pattern, Bollinger bands pattern, and more.

For more info and video tutorials demonstrating these unique trading patterns, view IQ Option’s successful Binary Options Trading Patterns

The IQOption experience

IQOption’s advanced platform, definitely the fastest, most advanced and reliable platform on the market, turns the business of binary options trading into a game. It beautifully highlights all winning trades, sends you notifications even when you’re not directly on the broker’s page, and even gives you sound alerts, and customizable graphs similar to those offered by Meta Trader 4.

The $10 minimum investment and the $1 minimum trade also make a difference. Sometimes, when I’m bored, I log in to the iqoption platform just to do a couple of 1-dollar trades. Why would I do that? Because with the IQ Option platform, it’s fun.

Yet, all this wonderful trading could be bad if you take it too far. Don’t forget that despite the gamified aspect, trading is a real business and although you might earn big money, you can also lose it. Budget carefully, and exercise self-control. Good luck

Would You Like to Try IQ Option? Try it With a Risk-Free Practice Account

Conclusion of this review

IQ Option according to us and many (over 30 000 000 to be exact) traders the best broker offering binary options trading. Besides binary options, they also let us trade stocks, indicies and cryptocurrencies. Everything is very smooth, quick and intuitive thanks to their custom-made application, available for Mac, Windows, Android and iOS.

If you don’t feel like investing real money yet, don’t worry. You can use the so called “demo account” to try the platform for yourself before investing. You will see that you’ll love it from the beginning.

Have you decided to invest your real money and try to make more of it? You can use many of their supported deposit and withdrawal methods, including credit and debit cards, wire transfer, e-wallets, such as Skrill or PerfectMoney. The methods also include smaller payment providers, such as Przelewy24 or AstroPay.

From time to time, people ask us, whether investing with IQ Option is legal. Yes, it is perfectly legal in the most of the world! There’s only a handful of countries, that don’t allow people to trade binary options with brokers based outside the country itself. One of the countries is USA – they only let their citizens trade with 2 brokers, that are based in and regulated in the USA. However, as far as we know, IQ Option is doing their best to get into that market.

How does IQ Option work? Try it!

More information on IQ Option

  • Maximize the use of indicators in day trading
  • IQ Option demo and real trading accounts: Know the differences
  • Binary options trading in Mexico – Is it legal? Where to trade?
  • IQ Option – How to deposit and withdraw with WebMoney
  • Market analysis with IQ Option – How to do it?
  • Understanding IQ Option broker – Get to know this broker
  • Discover the differences between Put options and Call options
  • To trade with and without expiration – What should you know
  • How to reload your demo account with IQ Option?
  • How to open deals with IQ Option when the market is closed?
  • IQ Option review in Portugese

IQ Option Ltd Pros

  • Free demo account
  • Simple to use, yet very customizable
  • Many available assets
  • Big payouts
  • Intuitive user interface

IQ Option Ltd Cons

  • Platform might not be suitable for slow/old computers

IQ Option Ltd – Review author

More about the author Step

I’ve wanted to build a business of some kind and earn money since I was in middle school. I wasn’t very successful though until my senior year in highschool, when I finally started to think about doing online business. Nowadays I profitably trade binary options full-time and thus gladly share my experiences with you. More posts by this author

IQ Option Ltd Details

✅ Broker IQ Option Ltd
✅ Website URL www.iqoption.com
✅ Founded 2020
✅ Headquarters Seychelles
✅ Support Types Email support, Online live chat, Tickets
✅ Languages English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Indonesian
✅ Trading Platform Custom made IQ Option platform
✅ Minimum 1st Deposit $ 10
✅ Minimum Trade Amount $ 1
✅ Maximum Trade Amount $ 5 000
✅ Bonus FREE DEMO ACCOUNT
✅ Payout Up to 100 % !*
✅ Leverage Up to 1:300
✅ Spread OK
✅ Free Demo Account
✅ Regulated
✅ Regulation CySEC
✅ Account Types Standard, VIP
✅ Deposit Methods Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, CashU, iDeal, Fasapay
✅ Withdrawal Methods Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, CashU, iDeal, Fasapay
✅ Expiry Times 30s, 60s, 120s, 180s, 240s, 5 min, 10 min, 15 min, 30 min, 60 min, End of Day, End of Week
✅ Types of Assets 500+ assets, however only 15 in demo mode
✅ Option Types Turbo, HighLow and Classical options
✅ Account Currency EUR, USD, GBP, TYL, BRL, MYR, IDR, VND, CNY
✅ US Traders Allowed
✅ Mobile Trading
✅ Tablet Trading
✅ Overall Score 5.0 / 5

Open Account!

204 Responses to “IQ Option Review – Is it SCAM or LEGIT broker?”

i am unable to view Skrill withdraw option in my android app.
do i need to be a VIP customer to get skrill as withdraw option?
please clarify.
thanks!

Dear Bhargav – where are you from? I am not sure if IQ Option allows Skrill in all countries. Please, ask them at support!

It is not just a technical problem, Did You ever wonder why they manage their own review (website). They get to much bad reviews on other websites.
I advice to take screenshots and pictures from everything.

after i withdraw my deposit amount can i still withdraw to the same method?

Saiken, if you deposit with a credit/debit card, then you can not. IQ Option can simply allow you to withdraw only the deposit amount back to your card. However you can withdraw any further amounts via wire transfer or ewallets.

Guys! We have updated the IQ OPTION REVIEW – check it out above!

Hello, thank you for sharing this story with us.

We hope that it’s just some technical problem on their side and you will get your money back.

Have a nice day.

I am from the Philippines,where can I deposit using coins.ph wallet so that I can start trading?

Hello, you can’T use coins.ph to deposit to IQ Option broker. Check the IQ Option review to see what deposit methods you can use. Have a nice day.

Janardhan, you just visit IQ Option website and click Sign-Up (Register). Fill in your email address and so on. It is best if you do have a bank account, but I don’t think it’s 100% necessary. You can always use an e-wallet like Skrill to fund your trading account and withdraw your money.

Hello, it’s one of the best brokers I ever trade, but that doesn’t mean that some people have a bad experience. I think it’s a good broker, but somebody has a different opinion.

Can I trade successfully by watching some good youtube binary option trading videos and reading blogs? if I spend one hour on learning when can I trade on the real account? How long does it take? Are 2 months enough? I am taking practice on demo account also.

Definitely yes! It’s very important to have good education material from which you can learn. I think that the videos are ideal way how to understand the market and get some new knowledge. And of course – our website is also, good. Haha ��

I can’t really say how long does it take to “be ready for trading”. When you feel you are ready – go and start.

Hello, welcome in the trading world �� Have you already verified your IQ Option account or you need more help? I think if you check iqoption review – https://xbinop.com/review/iq-option/ you will find there a lot of information about the verification process.

In case you still need help, let us know and we will help you. Have a nice day.

Wow, what a good article. Bookmarked for 2nd time reading.
Also, must to share it on the Facebook!

Hello, thank you so much for your feedback, we really appreciate that! Thank you.

Hello, can you tell us more about the company you are talking about, thank you. We have heard about many “good companies” but later they all seems like a big scam, so we don’t want to endanger our readers here. Thanks for understanding.

Hello, I have a bad news for you. Broker IQ Option is not operating in the USA. I’m sorry about that. Have a nice day.

Hello, thank you for your opinion. I was trading with IQ Option a couple years and I have never had any problem with them. So you think that the IQOPtion broker is “changing” the price for their advantage? Let us know more about what happened to you with this broker. Thank you.

Hello, I recommend you to start with basics – fundamental analysis and technical analysis, these are the things you need to understand 100% late then you can try some strategies. But if you are a newbie, it’s better to start with education and research. After you will be ready for trading you can check some of our strategies here and choose any of them – https://xbinop.com/binary-options-strategy/

If you are not sure which of them to choose, let us know, we will help you.

Hello Rene, that’s really weird. I have never head about the same case as your is. Do you still have your money in the IQOption platform or you were able to withdraw them?

I really want to help you, so can you please respond me and give us more info, thank you so much.

We will do everything to help you!

Hello, that’s a huge sum of money. We are really happy to hear the next positive feedback about this amazing broker. Thank you.

Hello, if you are regularly trading with IQOption you should know that, or you didn’t make withdraw yet?

You will find all the important info about withdrawing money from iqoption in the review above.

Hello, please read the iqoption review above, everything is written there.

It’s a good idea to gain as-much money as you are able to while acquiring the smallest amount of number of possibility.

Hello, that’s really weird. I’m trading with IQ Option a quite long time and I have never had any problem with withdrawing my money. Do you still got this problem or you have already received your money?

Let us know, so we can help you.

Hello Hasnain, you have got some problem with depositing and withdrawing your money? There is plenty of methods with IQ option how you can do both operations. You can check more details in iqoption review here – https://xbinop.com/review/iq-option/

Have you tried to deposit or withdraw money yet?

Let us know, so we can help you. Have a nice day.

Hey, thank you for your question. Broker used to have robots but then after sometime it was blocked by regulatory authorities. So now broker IQOption doesn’t offer robots.

IQ Option Scam? i have something to tell about this for those investor who start dreaming after went threw IQ option attractive platform, and think that they can make money easily, please forgive me if you find any grammatical mistake in my writing,
Ok lets Start with me, i am doing trading business with IQ option since 2 and half year, I will share what i experienced with IQ option platform,

IQ OPTION Application:

There is two way which you can use for trading on IQ option Platform, 1.) Online in your Browser and 2.) you can download Application which you can run on your Laptop/Desktop, or Mobile, I have no idea about the mobile Application that how its works because i never used it, Its all about the money so nobody want to take risk, so i prefer to do on my Laptop,

When i click on the link where you can download Application for PC, they written there System Requirements which is like this
Operating system:
Windows 7, 8, 8.1, 10
macOS – OS X 10.10 Yosemite
Ubuntu 14.04
RAM:
2 GB (4 GB recommended)
Video card:
OpenGL 2.0-friendly (macOS, Ubuntu)
DirectX 9 (Windows)

So please everyone if you starting business or starting earning money so i am sure you will go threw all System Requirement, because its all about your hard earned money which you are going to invest on this for make some money and because of your computer or laptop i don’t think that you will take risk, I would like to tell you that Right now i am using HP Laptop Ram 6 GB, Hard Disk 500 GB, And i5 processor, I think, its more then enough to run this IQ option application on my laptop,

I started using IQ option Application, started with some money but loose and again put some money then again loose, i was new to this business i think i should start study about this, and then again start with real money, i went threw some video and i find that now i an start making money till this time i was in loose 6000 USD, but its ok because they mention that Its high risk or don’t invest which you can not afford to loose, but if you loose because of your wrong prediction its fine, but if you loose because of your trade take time for 2 or 3 second for place and if you didn’t take trade on right price, and just because of that you loose your trade then its wrong,

I didn’t knew about this and when i see that its happening to me many times so i went again on google and search some same topic, which i find that i happened with so many trader on IQ option, till time i have my account manager because i already invest 6000 USD there and on that time if you start with 3000 USD, you will get your personal VIP manager,

Personal Vip Manager: what manager do according to IQ option they help you if face any issue with IQ option platform or payment also they help you to know about market, but my first account manager who name is William, never help me to teach, never give market update, but they came to you if you are making profit for know that what strategy are you using,
Ok after all this candle manipulation topic i read on Google, i went to my account manager and show him some screenshot, so he say there is no issue with our Platform, so please better work on your prediction but after all this i have gift for you 100 USD he give me gift, mean he want me to keep my mouth shut, remember till this time i am in 6000 USD in loose,
and he promise that next time nothing with happen with you.

like this i again starting with IQ option and till now invested 30,000 but now i am in loss only,
and if you go to them with this issue they will give you a link for ping test which only came right in their system, i have tried with many computer but that same ping test didn’t make any computer. mean that if you go to your account manager he/she will go to technical department, and in the end answer from them is that there is only issue with your computer or Internet connection,
I don’t understand that the person who is investing approx like 30,000 USD, he can not afford a best computer for run this application, but i also don’t understand that if their system requirement if our computer have then why their application can’t run in our system or making issue.

This is all my story about IQ option Trader since 2020.

If anybody there in this world like me please like or comment for this,
I want IQ Option Founder Mr. Dmitry Zaretsky should read this.

This was my hard earned money. I was so stupid

Hello,
Thank you so much for your long story.

You are right that people think that they can make money easily, but that’s the same with all brokers, not just with IQ Option. I traded many times on a mobile platform and it’s just amazing, really good, I never had any problem with it.

Now about your problem. I heard a couple of these cases (problem with entering to a position) but no one of that people was able to make some evidence about it. I’m trading with IQOPtion 3 years now and I never had a single problem with them. I’m not trading some huge sums, but I’m trading with them long. I don’t have any experience with this so I can’t help you, I’m sorry.

Maybe your story will inspire more people here and they will share their also. We will see.

Once again, thank you.

Dear Saimir, I think this depends on where you currently live, but it should be able for the majority of countries.

Beginner’s Guide to IQ Option: Complete Review

IQ Option is an online trading platform that enables customers to trade a variety of financial instruments and assets such as Binary Options, Stocks, Forex and of course Cryptocurrencies.

Founded in 2020 and operated by IQ Option Ltd, the site has quickly became one of fastest growing online trading platforms and claims to have over 20 million account holders from around the world.

IQ Option is also based in Cyprus and regulated in the EU by the Cyprus Securities and Exchange Commission (CySec), the company is fully compliant with the legislation put forward by the commission and fully authorized to sell their products to clients in a number of jurisdictions.

Risk Warning: Your capital might be at risk.

Take a look below as we walk you through the site and offer our full review of the service.

IQ Option at a Glance

Broker IQ Option
Regulation CySEC (Cyprus)
Minium Initial Deposit
$10
Demo Account
Yes
Asset Coverage CFDs, ETFs, Forex, Cryptocurrency, Stocks, Indices, Commodities
Leverage 30:1 Retail Traders, 1000:1 Professional Traders
Trading Platforms Proprietary Web, Mobile App

What it Offers

IQ Option is a comprehensive trading platform that provides its users with a wealth of alternatives, and after starting out as a binary options broker, IQ Option now allows customers to trade Contracts for Difference (CFDs) on stocks, Cryptocurrencies, Exchange Traded Funds (ETFs), Forex, and a range of various digital options.

  • CFD on Stocks – IQ Option allows users to trade CFDs on stocks from over 176 different companies, including the most successful businesses listed on the NASDAQ and NYSE.
  • Cryptocurrencies – Users can also trade 12 of the top cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA, and Dash.
  • ETFs – EFT trading is a relatively new product, and ETFs work by tracking commodities, indices and baskets of assets. These can be traded in the same way as common stocks, and traders can choose from approximately 4288 different ETFs.
  • Forex –FX trading, or Forex, is an extremely popular trading market and IQ Option provides access to around 188 currency trading pairs. This allows users to trade their favourite foreign currencies with ease.
  • Options – Users can speculate on the price of a number of different assets, which include currencies, stocks, indices and commodities. The platform currently provides a gateway to over 10 million options.

IQ Option Demo Account

Like many competitors, IQ Option offers a demo account. However, IQ Option’s demo account stands out. This is because there is no limit on how long you can use the demo account. That allows you to get truly comfortable with your trading techniques. It also allows you to test new trading strategies in the future.

The IQ Option demo account includes $10,000 in virtual funds. If you use all of those virtual funds, you can easily have the amount replenished, allowing you to continue practicing your trading techniques.

Another standout element of the demo account is the fact that you do not need to provide personal information before using it. This is not always the case with competitors. The lack of personal information required for a demo account helps potential clients protect their privacy.

IQ Option Real Accounts

IQ Option requires a low minimum deposit and new traders can start off by just depositing $10 in order to gain access to a live account, there are currently two trading account options:

  • Real Account. This can be accessed with the $10 minimum investment and there are no restrictions on trading functionality. This account provides access to over 70 assets and users can request withdrawals that are processed within 24 hours. Real account holders can also take part in various trading competitions held on the platform ( customers outside of the EU ).
  • VIP Account. – This is available to Traders who:
  • Make a deposit of $1900 or an equivalent amount in other currencies, or Have a trading volume of $15000 “IQ Option Ltd. provides VIP status for traders from non-EEA countries”
  • In addition to the features found on the real account, the VIP account also includes a personal manager who is always ready to assist traders with any queries and issues. The VIP account also comes with a monthly report on user trading records, which is performed by the platform’s analysts and gives customers valuable feedback on their performance.

IQ Option Signup

The best way to get started is to sign up via Facebook, Google, or to simply create an account by using an email address. After inputting your details and creating a password you can proceed.

When this is done you can immediately use your practice account or top up your real account before moving on to live trading. A pop-up will notify you of the creation of both your practice account and real account.

IQ Option has developed its own proprietary platform and this makes navigating the site an enjoyable experience. The platform has been generally well designed with an intuitive approach and it’s quite easy to locate all the various tools and features. The free demo account also provides users with the possibility to trade with all of the underlying assets. As a result, there are a variety of options regarding types of trades and users can quickly switch between their preferred assets. The platform also offers a range of charting tools such as Bollinger bands and moving averages which all help enhance trading capabilities.

IQ Option Deposits

With IQ Option, there is a minimum deposit of 10 USD/GBP/EUR. You can select your preferred form of deposit, and IQ Option does not charge any fees for depositing funds.

To make your first deposit, you will need to go through the account verification process which in the EU involves adding your phone, personal information, adding your trading experience and uploading photo identification. Different countries will have different requirements and also will need verification to make withdrawals from the site.

IQ Option offers its customers a number of ways to make deposits and withdrawals to and from their trading accounts. Users can currently use debit services such as Maestro and Visa Electron, or credit cards like Visa and Master Card. Customers can also use a host of payments processors such as Skrill, WebMoney, Cash U, Neteller and Moneybookers.

There is also the option to process payments via Wire Transfer and the current minimum withdrawal amount is $2, while the estimated time to withdraw funds is 1 business day. Your bank may charge fees for this process.

As of the time of writing, IQ Option still does not allow for deposits via PayPal. However, the platform is working to make this an option.

IQ Option Withdrawals

When it comes time to withdraw funds from your IQ Option account, the method used will vary based on the deposit method. In the case of deposits via a credit or debit card, you must withdraw the initial deposit amount onto the card. Since this transaction gets processed as a refund, you can only withdraw up to this amount to your credit or debit card, including deposits made within the past 90 days. Any profit that is over this amount will need to be withdrawn via a bank transfer or your chosen e-wallet.

The e-wallet options for withdrawals are identical to those for deposits, including Skrill, WebMoney, and Neteller. Alternatively, you can withdraw those profits via a bank transfer. Keep in mind that opting for a bank transfer does come with a fee of $31. In the case of deposits made via an e-wallet, you must withdraw the funds to your same e-wallet account.

Regardless of your withdrawal method, IQ Option will process your request within three business days. Bank cards and payment providers may require additional processing time.

Keep in mind that before you can withdraw funds from your IQ Option account, you must verify your account by submitting identification documents. This involves uploading:

  • A photo ID, such as a driver’s license or passport
  • In the case of a deposit made via a bank card, you must also upload an image of both sides of every card used. Hide the CVV number and the middle digits of your card number. Keep the first six and final four digits visible. This is for your own security.

How to Trade on IQ Option

Trading on IQ Option is relatively intuitive and the trading platform is very well designed. You will see the chart is in the center with buy and sell boxes to the right hand side. Your balance is displayed at the top along with any assets you are currently trading.

You can use the drop down located at the top left of the chart area to choose which instrument to trade. The drop down contains FX Options, Forex, Stocks, Crypto, Commodities, Indices and ETFs and from that you can then select or search for your chosen asset.

You trade right from the Web Trader’s interface. To the right of the graph for your chosen asset, you will see options to buy and sell. You simply fill out the amount of the asset you wish to purchase and submit your order.

You can also place an order easily via the mobile application, and the overall setup is very similar. To the right of your chart, you will see the same options, with the ability to adjust investment, leverage, and price and then select buy or sell. For clarity, this section of the trading platform will also display the spread.

Users can also easily search for their favorite cryptocurrencies and analyze all of the most relevant and up to date information. In addition to offering Bitcoin and Ethereum, IQ Option also offers at least 10 other cryptocurrencies to trade. These include Dash, Ethereum Classic, IOTA, Ripple, Litecoin, and Monero.

Risk Warning: Your capital might be at risk.

The interface also provides easy to find links to chats, trading history, and customer support, and in the event of any issues, users can quickly open up a dialogue with the support team. Another standout feature is the resources section that provides access to training and education materials. A number of short training videos are integrated into the site and traders can access these resources without having to leave their training accounts.

The demo version of trading platform is also the same as the live version, and traders can improve their skills by using the $10000 of virtual funds that come with the practice account. Even if things go badly, these funds can be replenished, giving traders a consistent pool of funds to practice with.

Order Types & Stop Loss Tools

As is expected of modern trading platforms, IQ Option gives traders a range of order types to reduce risk and customize the trading experience. The variety of order choices lets traders create strategies that are short-, medium-, or long-term and featuring a variable return. Multipliers let traders increase the risk level for an investment with a corresponding increase on the return.

Stop loss orders let traders set maximum losses that they will accept, automatically closing the trade if it is triggered. Take profits do the same thing but when the trade reaches the profit you specify. A trailing stop will lead to dynamic operation of an auto-close at loss, moving with the price in the direction the trader indicates. Purchase at preorders lets traders set a price at which enter the market.

To supplement the order types, IQ Option offers a range of tools for setting stops and take profits. While most brokers just let you select the asset price, IQ Option lets you set the take profit or stop loss at either a percentage, numerous loss, or specific asset price. There is also the choice to apply the dynamic stop loss or trailing stop and the ability to use the balance to keep a position open if it exceeds the stop loss.

Order Types

There are numerous order types available with IQ Option, with the specific types of order available varying by asset.

  • Multiplier orders allow you to increase the return on investment and your level of risk via a coefficient. This is a popular tool among advanced traders, but it should only be used by those with experience due to the increased risk. When used properly, it can dramatically increase potential profits.
  • Stop loss orders let you set maximum losses that you will accept. When this type of order gets triggered, it automatically closes the trade to minimize your losses.
  • Take profit orders are almost the opposite of a stop loss order. You indicate the amount of profit you want to reach, and the order automatically closes when it reaches this point.
  • Trailing stop orders build on the idea of a stop loss by dynamically using auto-close at stop. A trailing stop order will move with the changes in price in the direction that you indicate.
  • Finally, a purchase at or pre-order lets you choose the price at which you want to enter the market. When the market reaches this point, the trade will automatically be executed.

Charting Tools

To ensure traders can get the most from the IQ Option trading platform, the broker offers a long list of charting tools that can provide insights and help clients craft their trading strategies.

Candle charts are among the most popular for IQ Option traders. These candles indicate a period of time, with solid colors indicating volatility during the given period and points marked for the price at both the beginning and the end of the given period.

Hollow candles are similar. However, instead of always using solid colors, the positive candles are hollow and the negative candles are solid.

IQ Option also offers area charts that show the price in the form of a line, complete with shading for the area underneath. Line charts are similar, but the area underneath the line is not shaded.

Finally, bars, like candle charts, cover a period of time you specify. They indicate the prices at the beginning and end of the period but do so with vertical lines. There are complementary horizontal lines that display the prices at open and close.

Indicators

With the indicators on IQ Option, you can spot trends and better identify potential trades that will lead to profit. IQ Option offers 13 indicators that are available via the charting interface.

Many can be used independently or together to maximize your results and insights.

  • Moving Averages (MAs) include Simple Moving Averages, Weighted Moving Averages, Smooth Simple Moving Averages, and Exponential Moving Averages. These can help provide insights into current trends and can be used with other indicators.
  • The Moving Average Convergence Divergence (MACD) shows where moving averages converge and diverge, essentially visualizing the ratio between two Exponential Moving Averages (EMAs).
  • The Parabolic SAR has a similar purpose to moving averages. However, the position changes based on the price and it moves in conjunction with higher acceleration. It shows up in a group of small dots.
  • The Awesome Oscillator indicates a visualized ratio of two SMAs (Simple Moving Averages), with one fast and one slow. The indicator helps show new trends’ development and completion.
  • Bollinger Bands are trend indicators showing a dynamic range for price movement.
  • Volume Indicators show the quantities of your chosen asset that were bought and sold within a given period, indicating interest.
  • The Alligator Indicator helps you assess market movement in terms of direction and assists with filtering Side Bands (no-trend periods). Overall, this indicator helps traders find emerging trends, and it is cross-functional.
  • The Relative Strength Index (RSI) helps figure out a current trend’s strength, as well as potential reversal points. It compares asset price growth (absolute) with the total price reduction, showing it via a curve.
  • The Stoch or Stochastic Oscillator indicators show a price’s current position in comparison to the extremes from your selected period. This is shown as a percentage and helps you determine likely reversal points.
  • The Average True Range (ATR) displays a trading asset’s current volatility within your chosen period and determines the change rate of quotes.
  • The Average Directional Movement Index (ADX) shows a trend’s strength before the price movement begins. It can also indicate potential market volatility changes.
  • A fractal is a series that includes a minimum of five Japanese candlesticks, showing the local maxima and minima of price curves as well as market reversal points.
  • Finally, the Commodity Channel Index (CCI) measures the speed associated with price movements. It helps traders determine upcoming market reversals and can detect extrema or assess a trend’s strength.

Additional Features

IQ Option places a good amount of focus on its users and the platform enables customers to trade with confidence by incorporating a number of features that greatly enhance the overall trading experience. These include:

Mobile Integration

IQ Option offers a mobile web trading solution in addition to a specific mobile application, which gives users greater flexibility regarding mobile trading options. The app has a clean, intuitive graphical interface and is easy to use; it also has most of the charting options found on the standard platform. The app also provides push notifications, and users can set key trading levels which result in alerts any time these levels are breached. The app works on tablets as well as smart phones and the platform is available to both Android and Apple iOS device holders.

Trading Competitions

If you are outside the EU, then Customers are provided with the chance to test their skills against other traders via a number of Binary Option tournaments. These frequent tournaments are usually around 30 minutes in length and require a small entry fee. After signing up, users are given $10k in virtual funds and at the end of the competition; the trader with the highest returns wins a prize.

The prize can be fixed or be related to the number of people who entered the tournament, and at best allows the winner to receive a payment of up to 100x the entry fee. If users deplete their virtual funds, they can buy in again and continue to take part in further tournaments. This provides users with an interactive way to test their trading capabilities as well as pick up new trading techniques.

As always, please note it is possible to lose your entry fees when taking part in competitions.

Education and Training Resources

IQ Option also makes a wealth of data available for all its users, and the site incorporates training resources that can benefit both newer and more experienced traders. These include various trading videos, as well as webinars and tutorials. Users also have access to a number of e-books and an FAQ section that covers the most common questions. These training materials provide valuable information to for traders of different abilities and experience.

IQ Option Affiliate Program

IQ Option offers an affiliate program for those who want to supplement their income by encouraging others to sign up to use the platform. When you become an affiliate, you simply share your affiliate link, whether this is on a website, blog, or somewhere else. From there, a user will click the ad or link. When they sign up, it will be associated with your unique ID.

Your rewards arrive when the users you encourage to sign up start trading on IQ Option. Based on the trading activity of the client, you can earn as much as 70 percent of the broker’s profit. This continues for life, allowing for passive income opportunities. The earnings are paid out two times every month, and you can choose your preferred payment method. To date, IQ Option has 115,410 affiliates in 178 countries. On the day of writing, IQ Option affiliates had already earned $35,015.50 just that day alone. You can view up-to-date figures on the countries, customers, affiliates, and amount earned by affiliates for the day on the IQ Option affiliate page.

The IQ Option affiliate program does not allow for a negative balance, as there are no deductions from your profit, only profits. There is also cross-platform support with options for mobile and web, multilanguage support, and universal links. The program even provides analytics, complete with reports that include data filters.

In addition to the regular affiliate program, IQ Option offers an IQ Option CPA program, which it advertises as among “the most lucrative” programs of its type within the industry. Qualified traders can receive payments between $35 and $1,200. As with the regular affiliate program, the CPA program receives payments twice each month and gets useful data. There is also a convenient calculator to determine approximate income from CPA program affiliates.

History of IQ Option in Numbers

As mentioned, IQ Option was founded in 2020. Since then, the broker has grown considerably and includes specific figures on its website to help show its growth. Starting with the number of active users, there were 8,110,000 registered users in 2020, which had nearly doubled to 14,680,000 by 2020 and reached 25,580,000 in 2020. This represents registered user growth of a whopping 17 million just between 2020 and 2020.

Not only did IQ Option have an expansive growth in active users, but the countries that these traders were from increased. In 2020, IQ Option had traders in 135 countries, growing to 148 countries in 2020, 150 in 2020, and 151 in 2020.

IQ Option also lists the figures related to trades throughout the years. Between 2020 and 2020, the number of daily transactions increased by nearly 70 times. Between 2020 and 2020, this figure grew another 2.5 times. For those interested in specifics, 2020 had an average of 646,000 transactions each day, which increased to 956,000 by 2020 and 1.8 million by 2020.

Or you can look at the figures representing growth in terms of trading volume per month. Between and 2020, this figure increased by about 23 times. In 2020, the figure was $16 million, which became $89 million, an increase of 5.5 times in just a year. By 2020, this was $184 million, more than doubling in just a year. Between 2020 and 2020, the monthly trade volume increased to a whopping $380 million. This means that for two consecutive years, IQ Option doubled its monthly trading volume.

That trading volume does not all stay inside the platform. Instead, there is also an increase in the amount that traders withdraw from the platform each year, showing that the active users are truly earning money. In 2020, traders withdrew $1.5 million per month, which became $5.8 million in 2020 and $10.8 million in 2020. In other words, 2020 saw 1.8 times more money withdrawn by traders from IQ Option compared to the previous year.

It is also worth noting that these withdrawals have increased in speed. In 2020, IQ Option made changes to offer instant withdrawals. This allowed for 68 percent of withdrawal requests to be processed immediately. Now, the average time for processing a withdrawal from IQ Option is just one day. The order processing has similarly improved, now averaging just a second.

IQ Option also offers indications of how its customer support has improved over the years. When chat support began in 2020, there was an average wait of 7 minutes for a reply in chat, which decreased to 4 minutes in 2020, 46 seconds in 2020, and 38 seconds in 2020. On a similar note, the amount of time it took to answer a ticket decreased from two hours in 2020 to 24 minutes in 2020 to just 16 minutes in 2020. Some of this is also due to the growth of the support team, which only had 25 members in 2020 but grew to 39 members in 2020 and 78 in 2020.

The number of affiliates has also grown from 3,000 in 2020 to 84,000 in 2020. This included 21,000 affiliates in 2020 and 48,000 in 2020. Along with the growth of affiliates, those affiliates have consistently earned more every year. Affiliates earned $200,000 monthly in 2020, $810,000 in 2020, $2.3 million in 2020, and an impressive $4.6 million in 2020.

IQ Option Awards

Over the years, IQ Option has accumulated an extensive list of awards, each of which shows off one of the platform’s strengths. The Academy of Interactive & Visual Arts honored IQ Option with the 2020 Award of Excellence, which is the highest honor from the Communicator Awards. IQ Option was recognized by the voting committee as the top trading app in the Financial category.

In 2020, IQ Option earned the Rising Star award for “The intelligent trading app for binary options” from the Mobile Star Awards, the largest annual awards program worldwide for mobile software and innovations. The organization praised IQ Option for its design and efficiency.

The Web Marketing Association honored IQ Option with the Best Technology Application in 2020 for the company’s mobile application.

IQ Option also earned the Century International Quality Gold ERA Award from the Business Initiative Directions Group as recognition for the company’s commitment to Excellence and Quality, especially within Customer Satisfaction.

Going back a bit further to 2020, IQ Option earned the title of Best Binary Options Broker Europe 2020 from the Global Banking & Finance Review. The broker also earned the title of Most Innovative Binary Option Platform from the IFM Awards in 2020, as well as the Best Mobile Trading Platform in the same awards.

Global Brands Magazine, which is a reputable brand observer in Britain, honored IQ Option with the title of Fastest Growing Binary Option Brand. In the Forex Awards 2020, IQ Option was named the Best Trading Platform. Also in 2020, the MasterForex-V awarded IQ Option as the World’s Leading Binary Options Broker and the Most Reliable Binary Options Broker.

The FX Report Awards named IQ Option the Best Binary Options Broker in 2020. In 2020, the same year IQ Option was founded, the company earned the title of Most Innovative Binary Option Broker from Moscow’s ShowFx World conference. At the IAIR Awards, IQ Option earned multiple awards, including the Best Binary Options Broker and the Best Binary Options Broker/Trading Application.

IQ Option Jurisdictions, Languages, and Countries

IQ Option has clients from 151 different countries. The platform and website are currently available in 13 languages, allowing traders from around the world to trade in a language they are comfortable with. For further international appeal, IQ Option lets traders select from one of the following currencies for funding: GBP, EUR, USD, Yuan, MYR, IDR, and RUB.

IQ Option is owned and operated by a company within the European Union. As such, IQ Option has a license from CySec, the Cyprus Securities and Exchange Commission. To receive that license, IQ Option met, and must continue to meet, minimum requirements related to marketing restrictions, client funds, and trading products. The registration in Cyprus as a financial services provider has number 247/14, giving IQ Option the ability to take on European clients, who then receive full CySec protections.

Due to CySec regulations, all client funds must be stored in segregated accounts that IQ Option cannot access for its own brokerage business. CySec regulators also offer a level of deposit insurance, which protects a certain level of all investments made with IQ Option if something happens to the broker.

IQ Option USA

Unfortunately, IQ Option is not available to traders in the United States. The broker is available in 178 countries around the world, but the United States has stricter restrictions and regulations, meaning American traders cannot use the broker. Other countries that you cannot use IQ Option in include Canada, Russia, Australia, France, Japan, Belgium, Turkey, Israel, Iran, Syria, and Sudan.

IQ Option Customer Support

IQ Option allows users to contact the support team via email, contact form and a chat function. The site claims to respond to all queries within 46 seconds and aims to resolve all tickets within 24 minutes. There are currently around 83 customer service specialists on the team and traders who require a more personalized service can upgrade to the VIP account which comes with a personal account manager.

IQ Option retains an international focus and aims to cater to traders from around the world. The platform offers the possibility to trade in a variety of different currencies such as USD, GBP, EUR, Yuan, RUB, TRY, IDR and MYR. In addition to this the site also provides support in languages such as English, French, Italian, Spanish, Portuguese, Chinese, Korean, Arabic, German, Turkish, Thai, Hindi, Urdu and Norwegian.

However, due to a variety of different regulations, the site does not provide its services to citizen or residents of the United States of America, Australia, Canada, Belgium, Israel, Palestine, Japan, Sudan, Syria, Iran, North Korea or Russian Federation.

IQ Option also adheres to the required standards of identification and users should note that when they register for a trading account they must provide their personal data and verify their email address and telephone contact number. Potential users who are unable to do this will be unable to complete their account registration.

  • Also after funding your account, you will be asked to provide further personal information in order to complete your account verification. IQ Option will expect to receive copies of identification documents such as:
    Passport or National ID Card issued by a Government Authority
  • Proof of Address in the form of a Utility Bill or Bank Statement is required from EU residents.

IQ Option Customer Reviews

Most online reviews from customers of IQ Option are positive, but there is the occasional negative review, as should be expected. Some complaints relate to the fact that IQ Option requires KYC procedures to verify your identity before you withdraw funds. However, these procedures are normal for any broker dealing with fiat currency, and even many cryptocurrency exchanges require KYC procedures.

Some users also indicate that withdrawing funds can be challenging at times with the occasional issue related to having an account blocked. However, this does seem straightforward to resolve and may come down to KYC issues; the reviews are not clear on the cause.

Those reviews that indicate complaints against IQ Option are regularly interspersed with positive reviews. It also seems that many of the negative reviews posted online are not actually from customers. Instead, they are from people who claim to have had issues as a way to promote another service. When you look at online reviews from people who claim to be customers of IQ Option, remember to take them with a grain of salt since many are clearly from competitors or people with ulterior motives.

When read with a critical eye, the overall trend of seemingly valid reviews of IQ Option from customers seems to be neutral to positive.

Is IQ Option a Scam ?

While carrying out this review and researching other people’s opinions online, we found a number of complaints from people calling the site a scam. Some reasons mentioned are that they disabled a person’s account which didn’t allow them to withdraw their balance and a lot of disgruntled people who seem to have lost money trading on the platform.

But we also found overwhelming number of positive comments about the company which seems to point that the few who have had problems with them are the more vocal people online.

In our view there is absolutely no way this company can be considered a scam, the company is a tightly regulated business with a high revenue turnover, official business premises and high quality website and trading software.

Is IQ Option Safe?

In addition to practices such as maintaining segregated accounts for client funds, IQ Option offers security in several other ways. Unsurprisingly, the broker has full SSL encryption. As such, all communication that traders send to the broker’s servers is encrypted in a way that meets AES 256 Bit encryption standards. That encryption limits the ability of hackers to access information, letting IQ Option supply added protection of both client funds and information.

Conclusion

IQ Option is an impressive platform that provides its users with a great amount of value. The site merges a good level of transparency and functionality and users can be comfortable knowing that the platform is in keeping with the latest financial regulations.

Trading on the site is generally quite a smooth experience and the platform utilizes an intuitive UI that is easy to navigate. The platform and trading application is functional enough for professional traders whilst also being simplistic enough to allow new entrants to painlessly learn the trading process.
IQ Option is a company on the rise and has grown to managing almost 15 million accounts and processing 3 million trades per day. The site also enjoys a trading volume of $11 billion a month and pays out approximately $5.7 million to its users on a monthly basis.

The site does have its drawbacks, and users who require extensive interaction with a customer service agent may be unfulfilled by the two account levels. In order to be in consistent communication with a personalized account manager traders are expected to pay a $3000 fee which may be too restrictive for some. The site is also proving to be popular with traders around the world and despite IQ Option devoting time and energy to developing its customer service, there is the possibility that users may have to wait for more than 24 minutes in order to have their queries processed.

Finally, IQ Option is not available to the residents of countries such as the United States, Canada, and Japan. These nations are home to large numbers of financial literate individuals and the platform would be better off with their presence. However, IQ Option still caters to traders from over 178 countries and provides a comprehensive service to all its users. The platform caters to stock, Forex, and cryptocurrency traders and individuals who sign up can be sure to interact with an intuitive platform that provides access to a wealth of resources, and trading options.

Risk Warning: As always with trading, you should know the risks before hand – these are volatile markets where it is completely possible to lose large sums of money if you do not know what you are doing. Make sure to do your research, learn the platform inside out and never risk more money than you can afford to lose.

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