Iq Option

	Details
Broker Name	IQ Option
Rating	★★★★★
Min Deposit	$10
Payout	91%
Demo Account	Yes
Awards	Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net Best Binary Broker 2021 - DayTrading.com
Traders are welcome	Yes

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IQ Option Review: A Leading Broker for Binary Options and More

IQ Option stands out as a prominent online broker, offering a diverse range of trading opportunities, including binary options, CFDs, cryptocurrencies, and forex. In this comprehensive review, we will explore the trading platform, mobile app, and provide insights on effectively using the demo account, along with strategic tips for successful trading. Join millions of traders worldwide and log in today to start your trading journey.

Important Notice for EEA Traders

Please note that this material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders.

Risk Warning
Your capital might be at risk.

IQ Option Trading Platform: Advanced Features for Modern Traders

To provide clients with robust access to financial markets and online trading, IQ Option has developed a unique trading platform and a diverse range of instruments. Unlike traditional platforms, the interface and features are designed with a model similar to the advanced systems used in the spot forex trading industry.

Unique Platform Features

The IQ Option software incorporates essential trading tools such as stop-loss and take-profit levels, which are often absent in standard digital option platforms. Additionally, the platform features a ‘Position Top-Up’ function, allowing traders to keep their positions open beyond the set stop-loss, enhancing risk management and trading strategy options.

Intuitive Strategy Tools

The platform boasts clear and intuitive strike price and trading buttons, along with easily navigable price graphs and charts. Switching between assets and markets is a breeze, and the layout is highly customizable, enabling traders to rearrange graphs and analysis tools to suit their individual trading strategies. This flexibility makes IQ Option one of the top trading platforms in the industry.

Platform Accessibility

IQ Option is available as a web-based hub, with downloadable versions for both PC and Mac that offer slightly quicker performance. The mobile platform is also available, ensuring reliable trading across all devices. Notably, the PC download provides the fastest trade execution times. Currently, there is no integration with Metatrader 4 (MT4).

The platform operates 24/7, with asset availability dependent on market hours. While many forex pairs can be traded around the clock during the week, US stocks are only available when the NYSE is open.

Advanced Charting Capabilities

The trading platform features a user-friendly interface that allows traders to choose from four different chart layouts. Traders can select from an impressive 18 different intervals for bar and candlestick charts, with the ability to utilize multiple graphs to confirm trends across various time frames.

Additional tools, including a line drawing tool, enable traders to plot their own trends on live charts. Recent updates have introduced a wealth of technical analysis features, with nearly 20 indicators available, such as Bollinger Bands, moving averages, and the Relative Strength Index (RSI). These tools empower active traders to identify price action patterns and spot opportunities across different time frames.

One standout feature of the trading platform is the ability to execute multiple trades on the same graph, making it easier to implement advanced trading strategies, such as Turbo and Martingale strategies.

Trade Size and Market Offerings

IQ Option accommodates trade sizes ranging from just $1 to a maximum investment of $20,000. The newer products, including forex and cryptocurrency trading, feature tailored options based on the respective markets. For instance, forex trades offer leverage and stop-loss features, while assets like Bitcoin and Ethereum traded via contracts for difference (CFDs) do not have an expiry time but include stop-loss and take-profit capabilities. The new forex offerings also facilitate weekend trading.

Despite the different products, the platform maintains a consistent look and feel, allowing traders accustomed to binary options to transition seamlessly into forex trading.

Mobile App Experience

The IQ Option mobile trading app mirrors the bespoke trading platform, delivering a seamless user experience on mobile devices. The app design aligns with the website and desktop versions, ensuring a cohesive experience across platforms. Each operating system has a tailored app, with the IQ Option Android app specifically developed for Android devices and the iOS app optimized for iPhone and iPad.

IQ Option has swiftly adapted to Apple’s recent changes regarding finance-related applications, updating the iOS version to comply with the new regulations. This adaptability is reassuring for users, as the latest version includes forex and CFD trading, with cryptocurrency trades set to be added soon.

In addition to the Android and iOS versions, there is also an ‘IQ Option for Windows’ option, ensuring traders have access to the platform on their preferred devices. The download buttons below will direct you to Google Play or the App Store for the latest version of the mobile trading app.

Download The Mobile App

Risk Warning: Your Capital Might Be At Risk

IQ Option Demo Video: Explore the Platform 4.0 Upgrade

Check out the IQ Option demo video, showcasing a comprehensive demonstration of the recent enhancements introduced in the Platform 4.0 upgrade. This video illustrates how users can customize their trading area to meet their specific needs, enhancing their overall trading experience.

In the demo, viewers will learn how to:

Analyze Price Charts: Check the same price chart across multiple timeframes, allowing for more informed trading decisions.
Implement Technical Analysis: Discover how to add various technical analysis overlays, which can significantly improve trading outcomes.

While the video does not serve as a step-by-step tutorial, it offers a thorough overview of the user experience with the new trading platform and highlights how it sets itself apart from other binary options broker platforms.

Embed Vimeo Video

Trading Options (CFD, Forex, and Crypto)

IQ Option continues to expand its range of underlying assets, allowing traders to engage in five major asset classes: forex, commodities, stocks, equities, and indices. Responding to user demand, their cryptocurrency offerings have significantly grown.

Forex Trading Strengths

IQ Option excels in trading currency pairs, including exotic options such as NOK, SEK, and TRY. The extensive asset list empowers traders to implement their favorite strategies across diverse markets. While Dollar, Euro, Yen, and Pound Sterling dominate the forex trading landscape, the EUR/USD pair remains the most popular choice, accounting for the majority of trading volume.

Flexible Expiry Times

IQ Option has broadened its range of expiry options, moving beyond short-term expiries to include popular choices like End of Day, End of Week, and End of Month. This enhancement provides traders with unprecedented flexibility.

Forex and CFD Trading Options

Forex and CFD trades further expand trading choices. Forex can be traded per pip, while CFDs allow for longer-term trades without expiration constraints. Recently, the cryptocurrency expansion now includes Bitcoin and six other cryptocurrencies available through CFDs, offering traders no expiry.

Leverage Options with Forex Multipliers

To enhance trading potential, IQ Option has introduced forex multipliers, offering leverage up to 1:500. This feature enables traders to amplify their trade size and capitalize on even minor market movements, though it is crucial to remember that higher leverage can increase both profits and losses.

Cryptocurrency Multipliers

In addition to trading crypto assets via CFDs or Forex, IQ Option has launched cryptocurrency multipliers. These trades are effectively leveraged, allowing traders to magnify their potential gains or losses based on the underlying price.

Trading Costs: Spreads and Commissions

When evaluating brokers, it’s essential to find one that is transparent about fees. At IQ Option, traders should consider:

Spreads: The difference between buy and sell prices, which can vary due to factors like volatility and asset liquidity.
Withdrawal Fees: A 2% commission is applicable starting from the second withdrawal each month.
Commission on Crypto Trades: A commission of 2.9% applies to cryptocurrency trades, while other markets incur no commission.
Swap Fees: These fees apply to trades held overnight, ranging from 0.01% to 0.5%, with higher fees for weekend trades.
Dormant Account Fees: Accounts inactive for 90 days incur a €10 monthly fee (or currency equivalent) until the balance reaches zero.

Deposits and Withdrawals

Deposits can be made through various methods, including debit and credit cards, e-wallets like Skrill and Neteller, and even cryptocurrencies. Bank transfers via debit card remain popular.

IQ Option has recently enhanced payment options for traders from regions like Brazil, Argentina, and Vietnam, and now accepts bank transfers from multiple Asian banks, including:

Thailand: Bangkok Bank, Kasikorn Bank, and Krung Thai Bank.
Philippines: Help2Pay.
Vietnam: Vietcombank and Techcombank.
Malaysia: Maybank and CIMB Bank.
South Africa: Perfect Money.

China Union Pay facilitates payments for traders in China, Taiwan, Hong Kong, and Macao.

Security and Account Management

Deposit errors are rare, and the support desk is readily available to assist users with any issues. IQ Option ensures safe deposit practices.

Withdrawals can be made using the same methods, but verification may be required before use. Withdrawal records are maintained in the user area for auditing purposes.

Account Types

The standard trading account requires a minimum initial deposit of just $10, providing access to all trading options and functionalities available to higher-level accounts.

For traders seeking enhanced benefits, IQ Option offers a VIP Account with:

Higher Payouts: For example, a 3% increase on FTSE or Google trades.
Access to Exclusive Tournaments: Larger tournaments with prizes up to $100,000.
Exclusive Educational Materials: Tailored for VIP account holders.

Competitive Payouts

IQ Option offers competitive payouts, with traders able to earn up to a 100% return on successful trades. Note that payout percentages vary based on the asset and expiry time selected, and the 100% payout is among the industry's best.

Forex and CFD Performance

Payouts for Forex and CFD trades depend on the performance of the underlying assets. IQ Option provides risk management tools, including stop losses and customizable leverage. Their offerings position them alongside major global brokers, even providing direct access to Bitcoin and Ethereum trades—an advantage that many larger brokers do not offer.

Is IQ Option a Scam?

No, IQ Option is a legitimate and reliable broker. Their affiliate network markets responsibly, ensuring accurate reflections of trading nature.

History and Reputation

Founded in mid-2013, IQ Option has established itself as one of the most innovative binary brokers in the industry, bolstered by multiple awards from reputable industry reviewers. User satisfaction is generally positive, with few complaints, and many users remain loyal to the platform for months or even years.

Common connection issues often stem from local user problems rather than genuine platform failures. IQ Option maintains transparency to foster trust and confidence among traders, offering features like:

Free Practice/Demo Account: A no-deposit demo account with a balance that can be reset upon request. This long-term demo is available alongside real accounts, allowing traders to test strategies without risking real funds.
Support in Multiple Languages: With live chat available for quick issue resolution.
News and Updates: Regularly provided through user accounts.

Trading in Various Countries

IQ Option supports trading in numerous countries and languages, expanding its reach significantly from 18 countries in 2014 to 178 in 2016. While trading is restricted in some countries, an up-to-date list is available on their official website.

The platform is rapidly gaining traction in Asia, having added regions such as Malaysia, Thailand, India, Pakistan, and the Philippines. Additionally, IQ Option is seeing growth in Africa, with increasing numbers of traders from Ghana and Nigeria.

Traders can register quickly, with the demo account sign-up requiring only an email. A minimum deposit of just $10 allows for real-money trading, and the minimum trade is also low, starting at $1 per trade.

Trading Strategies at IQ Option

Developing specific strategies for trading on IQ Option can be challenging due to the vast array of options available. From the rainbow strategy to technical analysis, traders have countless choices.

What works well for EUR/USD may not be effective for oil trading, and lessons learned from a 60-second strategy might not enhance results for longer trades, such as those lasting five minutes or more.

The demo account offered by IQ Option provides an excellent opportunity for traders to experiment and identify suitable strategies tailored to their trading style. With an unlimited demo account, traders have a superior environment to test and refine their strategies compared to other platforms like Plus500.

Binary vs. Forex Trading

The binary vs. forex trading debate is another complex aspect when considering strategies. Ultimately, the choice comes down to the trader's individual risk tolerance and preferred trade duration.

Our strategy section, along with community forums and blog entries, offers useful insights and trading tips, but how these are applied depends on the trader.

Elements of strategy, such as money management, are personal decisions. Only you can accurately assess your risk appetite. It's essential to remember that there is no “no loss” trading system. Every trader will experience wins and losses; however, a winning strategy should yield profitability over the long term.

Be wary of anyone claiming 100% accuracy, as they are likely not being honest. Discussions on platforms like Reddit or YouTube rarely involve genuine traders sharing successful systems for free.

Signals and Automated Trades

Currently, IQ Option does not provide trading signals. While sentiment indicators offer insights into market sentiment, automated signals are absent. Other brands may promote expert advisors, but relying on an employee of the broker to act on behalf of the trader may not yield impartial results.

IQ Option focuses on empowering and educating traders to make their own informed trading decisions.

Frequently Asked Questions (FAQ)

What is the minimum deposit to open a trading account?
The minimum deposit required at IQ Option is $10.

Is the IQ Option platform reliable?
Yes, IQ Option offers a reliable trading experience across its website, desktop application, and mobile app. For the best execution times, they recommend using the desktop software.

What trading platform does IQ Option use?
IQ Option employs a proprietary trading platform that is continuously developed and enhanced. This platform features advanced charting capabilities and regularly adds new features and markets.

Do IQ Option offer leverage?
Yes, IQ Option provides leverage up to 1:500. Additionally, they offer “Multiples” on certain assets, primarily cryptocurrencies, which amplify price movements by up to 1:100. For more details, check the IQ Option website.

How fast are withdrawal requests processed?
Typically, withdrawal requests at IQ Option are processed within 1-3 business days, with an additional 2-3 business days for funds to reach your account, depending on the withdrawal method chosen.

Is IQ Option regulated?
IQ Option LLC is not regulated, but they are considered a legitimate and responsible broker.

Is IQ Option safe?
Yes, IQ Option operates as a secure and trustworthy trading platform.

Does IQ Option accept PayPal?
No, IQ Option does not accept PayPal, but offers various other payment options, including Perfect Money and China Union Pay for traders in Hong Kong or Macao.

Review Conclusions

Pros:

High returns of up to 100% payout for successful trades
Low minimum initial deposit of $10
Cutting-edge trading platform
Direct access to cryptocurrency markets, including Bitcoin
Secure account verification
Quick withdrawal processes

Cons:

Limited range of markets compared to some competitors in forex and CFD trading
Removal of self-built robot and auto-trading features
No MT4 integration available

Complaints

Some users have reported issues with the IQ Option site loading or being unavailable. However, these problems are generally related to user-side connectivity rather than the platform itself.

IQ Option boasts impressive uptime statistics and is highly motivated to keep their platform operational. In our experience, connection issues are rare when using a reliable internet connection.

Registration Process

Registering with IQ Option is straightforward, requiring only an email address, and takes just a few moments. Once verified, traders can access the demo account and the real-money markets. To trade on a real account, a minimum deposit of $10 is required, and trades can start as low as $1.

Contact Details

IQ Option provides several contact methods for customer support:

Email: support@iqoption.com
Telephone Support: Helpline details are available on the website
Customer Support: Accessible via telephone, email, or live chat, with assistance available in over 20 languages.

General Risk Warning

The financial products offered by IQ Option carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Go to IQ Option

	Details
Awards	Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net Best Binary Broker 2021 - DayTrading.com
Instruments	CFD, Forex, Crypto, Stocks, Digital Options
Demo Account	Yes
Minimum Deposit	$10
Minimum Trade	0.001 Lots
Payout	91%
Ladder Binary Options	Yes
Boundary Binary Options	Yes
Payment Methods	Alipay Boleto Credit Card GlobePay Maestro MoneyGram Perfect Money QIWI Skrill Sofort Vietcombank Transfer Volet Wire Transfer Yandex Money
Mobile Apps	iOS, Android and Windows
Copy Trading	No
Social Trading	No
Margin Trading	Yes
Margin Rate	0.2%
MetaTrader 4	No
MetaTrader 5	No
cTrader	No
AlgoTrader	No
OmniTrader	No
TradingView	No
Autochartist	No
eSignal	No
Trading Central	No
STP Account	No
ECN Account	No
DMA Account	No
MAM Account	No
PAMM Account	No
LAMM Account	No
Demat Account	No
AI / Machine Learning	No
Robo Advisor	No
Negative Balance Protection	Yes
Market Maker	Yes
P2P Trading	No
Spot Trading	No
VPS Hosting	No
Tournaments	Yes
Demo Competitions	No
Ethical Investing	No
Islamic Account	Yes
Account Currencies	USD EUR GBP ZAR
Stock Exchanges	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq S&P 500
Commodities	Oil Gold
CFD Trading	Yes
CFD Leverage	1:500
CFD GBPUSD Spread	1
CFD Oil Spread	2.3
CFD Stocks Spread	2
Forex Trading	Yes
Forex App	IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have synchronised the look and feel of both the Webtrader and mobile platform, making switching between the two, seamless. Try it out via the free demo account.
Forex GBPUSD Spread	5 pips
Forex EURUSD Spread	14 pips
Forex EURGBP Spread	15 pips
Forex Assets	60+
Crypto Trading	Yes
Crypto Spread	BTC 7%, ETH 12% (Var)
Crypto Coins	BCH BTC DASH EOS ETC ETH LTC OMG QTUM TRX XRP ZEC
Crypto Lending	No
Crypto Mining	No
Crypto Staking	No
Crypto Auto Market Maker	No