Updated: 05/08/2024

IQ Option

IQ Option Review

4 / 5
1954 ratings
Learn More
.22 Apr 2023
author avatar image Chad Smith

Table of Contents


IQ Option Main Features
Feature Title Feature Value
🗺️ Year Founded 2013
🏢 Headquarters Cyprus
⚖️ Tier-3 Licenses Yes
Minimum Initial Deposit $10
Demo Trading Yes
Leverage (EU Clients) 1 : 30
Leverage(Non-EU-Clients) 1 : 500
Average Spread EURUSD 1.0 pips
💰 Withdrawal fee No
Withdrawal Time 1-3 business days
💰 Inactivity Fee No

IQOptions is a popular online trading platform, catering to a variety of traders, regardless of their experience levels. The platform is known for its user-friendly interface, and its wide range of trading options including forex, cryptocurrencies, and CFD trading. As a potential user, it’s essential to understand the various features, benefits, and potential drawbacks of this platform before deciding to start trading with it.

In this article, we will provide a comprehensive review of IQOptions, covering its trading platform and tools, the accounts and financial instruments it offers, customer care and online support, as well as the regulations, security, and fees associated with the platform. By examining these aspects in detail, you will be able to make an informed decision on whether IQOptions is the right trading platform for your unique needs and goals.

Key Takeaways

  • IQOptions is a versatile platform that caters to traders of all experience levels and offers various financial instruments.
  • The user-friendly interface and a rich selection of trading tools make it an appealing choice for many users.
  • It’s crucial to review the platform’s customer care, security, and fee structure before committing to trade with IQOptions.

Overview of IQOptions

IQOptions is an online trading platform that offers a range of assets for you to trade, including forex, stocks, commodities, cryptocurrencies, and ETFs. With a user-friendly interface and a variety of trading features, this platform caters to both beginners and advanced traders. You can start with a minimum deposit of $10, making it an attractive option for those who want to test the waters of trading.

As a forex trader, you can trade various currencies, including major pairs such as EUR/USD and GBP/USD. IQOptions provides competitive spreads, allowing you to capitalise on market movements effectively. You also have access to tools like stop loss, which allows you to manage risk and protect your investment.

With IQOptions, you can trade binary options and digital options, giving you more opportunities to diversify your investment portfolio. You can choose from a range of expiry times for these options, making them suitable for different trading strategies. In addition, you can explore contracts for difference (CFDs) on stocks, commodities, and indices, allowing you to profit from asset price movements without owning the underlying asset.

For those interested in trading cryptocurrency, IQOptions offers a selection of popular cryptocurrencies such as Bitcoin and Ethereum. They provide leveraged trading for cryptocurrency CFDs, enabling you to potentially increase your profits. However, it’s important to note that leveraged trading also comes with increased risk.

In terms of fees, IQOptions has a transparent fee structure. Most trades are commission-free, with the platform earning revenue through spreads. However, there may be additional fees for withdrawals and inactivity, so it’s essential to read the terms and conditions thoroughly.

IQOptions provides a helpful education section, containing numerous resources such as video tutorials, articles, and webinars to help you improve your trading skills. They also offer charting tools and indicators, such as RSI, that can assist you in making informed trading decisions.

One unique aspect of IQOptions is the availability of trading tournaments. These events allow you to compete against other traders for prizes and bragging rights, adding an element of excitement to your trading experience.

Overall, IQOptions offers a diverse range of investment products and features to suit various trading styles. With a user-friendly platform, competitive fees, and an abundance of educational resources, it is a reliable broker for both novice and seasoned traders alike.

What Did We Like about the Broker

We were impressed by IQ Option’s commitment to regulatory compliance, ensuring the safety of client funds. The wide range of tradable instruments, including binary options, provides ample opportunities for diversification. The intuitive trading platform, equipped with customizable charting tools, allows for efficient analysis and execution of trades. Additionally, the comprehensive educational resources cater to both novice and experienced traders, facilitating skill development and market knowledge.

  1. Regulatory Compliance: One of the standout features of IQ Option is its regulation by the Cyprus Securities and Exchange Commission (CySEC). As a trader, having a regulated broker provides a sense of security and ensures that the broker operates in accordance with strict financial standards and regulations.
  2. Ease of Account Opening: IQ Option offers a simple and convenient account opening process. Traders can easily create an account and start trading with a minimum deposit of just $10. This low entry requirement makes it accessible for traders of all levels, including those with limited trading capital.
  3. Wide Range of Trading Instruments: IQ Option provides an extensive selection of trading instruments, including binary options, stocks and shares, currencies, ETFs, and cryptocurrencies. This diversity allows traders to explore various markets and diversify their trading portfolios, enhancing their potential for profit.
  4. No Deposit and Withdrawal Fees: IQ Option stands out by not charging any deposit or withdrawal fees. This transparent approach eliminates unnecessary costs for traders and ensures that they can fully utilize their trading capital without incurring additional charges.
  5. User-Friendly Trading Platforms: IQ Option offers its proprietary trading platform, which is available in both web and desktop versions. The platform is well-designed, intuitive, and easy to navigate, making it suitable for traders of all experience levels. Additionally, the mobile trading application allows traders to access their accounts and trade on the go, providing flexibility and convenience.
  6. Educational Resources: IQ Option prioritizes the education of its traders and provides a range of educational materials, including trading videos, webinars, tutorials, and e-books. These resources are designed to enhance traders’ knowledge and skills, empowering them to make informed trading decisions.
  7. Responsive Customer Support: IQ Option boasts a customer support team that is available 24/7 to address any inquiries or concerns promptly. Traders can reach out to the support team via email, contact form, or live chat, ensuring that assistance is always within reach.

Account Types & Pricing

IQ Option offers two main types of trading accounts: the Real Account and the VIP Account. Each account type caters to different trading needs and preferences.

  1. Real Account:
  2. VIP Account:
    • Minimum Deposit: $1900 or a trading volume of $15000 within three months
    • The VIP Account is designed for experienced traders or those who are willing to make a higher investment.
    • Traders with a VIP Account enjoy all the benefits of the Real Account, along with personalized features and additional support.
    • A dedicated account manager is assigned to VIP Account holders, providing personalized assistance and guidance.
    • Traders receive a monthly report on their trading records, helping them analyze their performance and make informed decisions.
    • The VIP Account is suitable for traders who require a higher level of service and want to take their trading to the next level.

At IQ Option, you have access to a variety of accounts and financial instruments to cater to your trading needs. Each account type has its unique features, allowing you to choose the one that best suits your preferences.

When starting out, the Demo Account might be a great choice for you. It provides virtual funds, enabling you to explore the platform and learn the essentials of trading without risking your own money. This account is also ideal for experienced traders who wish to test new strategies.

For real-world trading, the Real Account offers a plethora of instruments across different financial markets. These include forex, binary options, cryptocurrencies, stocks, ETFs, and commodities. With a minimum deposit of just $10, this account ensures accessibility for traders with various budgets.

If you prefer a higher degree of personalised service, the VIP Account could be an excellent option for you. It grants access to additional benefits, such as personal account managers and exclusive trading conditions. Keep in mind that specific requirements must be met to qualify for this account type.

Lastly, for traders who follow Islamic finance principles, the Islamic Account is tailored for you. It adheres to Sharia law by eliminating any swap or rollover fees on overnight positions, ensuring ethical trading practices.

In summary, IQ Option offers a diverse range of account options and financial instruments to accommodate the needs of different traders. Whether you’re a beginner or an advanced trader, there’s an account suited for your trading goals. Remember to carefully weigh the pros and cons of each account before making your decision.

Trading Platforms

When you choose IQ Option, you’ll have access to a user-friendly, proprietary trading platform designed to boost your trading experience. The platform is equipped with a variety of features and tools that cater to both beginners and experienced traders.

One of the most appealing features of the IQOption platform is the demo account. The demo account allows you to practise your trading strategies and become familiar with the platform without risking real money. Moreover, the demo account comes with £10,000 in virtual funds, which can be replenished whenever necessary. This is a fantastic way to refine your trading skills before transitioning to a live account.

IQ Option recognises the importance of staying in tune with the market while on the go. Hence, they offer a mobile app for both Android and iOS users that mirrors the functionality of the web platform. The mobile app ensures that you can monitor your trades, make adjustments and even execute new orders from virtually anywhere with an internet connection.

The online trading platform boasts a range of technical indicators to improve your analysis and inform your trading decisions. These indicators include popular tools such as MACD (Moving Average Convergence Divergence), Bollinger Bands and RSI (Relative Strength Index), among others. Additionally, IQ Option offers a multi-chart layout, which allows you to monitor multiple assets simultaneously and perform in-depth technical analysis on various timeframes.

The platform also provides you with historical quotes, and you can take advantage of the pre-order feature, which enables you to set up orders to be executed automatically when your chosen asset reaches a particular price level. This functionality saves valuable time and ensures you don’t miss a potentially profitable trade.

In summary, IQ Option’s proprietary trading platform equips you with an array of sophisticated tools and features tailored to enhance your online trading experience. With the platform’s user-friendly interface, comprehensive demo account, mobile app, and a vast selection of technical indicators, you can confidently navigate the trading landscape and grow your skills.

Customer Support

When dealing with IQOptions, your experience with their customer care and online support is vital. Typically, their support system is responsive, providing assistance when needed. You may encounter some differences in the quality of service depending on the domain you choose – for example, iqoptions.com seems to have mixed to negative reviews, while iqoptions.info has predominantly positive feedback.

As you utilise their platform, it is essential to familiarise yourself with the available support channels. These channels can help you navigate through any issues or clarify doubts related to your account or trading activities. Make use of their live chat, email, or telephone support to address any concerns you might have.

One aspect worth noting is that some users have reported little flaws and nuances in the platform that could potentially cause minor inconveniences. It is crucial to be aware of these limitations to ensure a smooth trading experience.

The customer service team at IQOptions has been found to be friendly and approachable, aiding users in their trading journey. However, some users have mentioned a lack of certain indicators, which might be a point of contention for more experienced traders.

In summary, the customer care and online support offered by IQOptions largely depend on the domain you access. Investigate thoroughly, understand the available support channels, be aware of the limitations, and make the most of the resources provided to ensure your trading experience with IQOptions stays successful and enjoyable.

Deposits, Withdrawals, and Fees

When using IQOptions, you can expect a variety of deposit and withdrawal methods at your disposal. These include bank transfers, credit/debit cards, e-wallets like Skrill, Neteller, WebMoney, and even PayPal. The availability of these methods ensures that funding your trading account is quick and convenient.

In terms of fees, IQOptions stands out for its affordability. The minimum deposit requirement is only $10, making it an excellent choice for novice traders who do not want to invest a large amount of money upfront. While trading, be aware of any potential commissions based on the financial instruments you are trading.

When it is time to withdraw your funds, be sure to verify your account first, as this will speed up the processing time. Once completed, withdrawals can be requested via the same methods as deposits, such as bank transfers and e-wallets. Please note that the withdrawal amount should not exceed the previously deposited sum to avoid being deemed a possible scam. Additionally, it is important to be aware of any fees associated with specific withdrawal methods.

One downside to be mindful of is the inactivity fee. If your account remains inactive for 90 consecutive calendar days, IQOptions reserves the right to charge a €50 inactivity fee. This fee will be deducted from your account balance on a monthly basis until the account becomes active again.

Overall, it is crucial to stay informed about the deposits, withdrawals, and fees associated with your trading account on IQOptions. By understanding these aspects, you can manage your account efficiently while avoiding unwanted charges.

Regulations and Security

When it comes to trading with IQ Option, you can have confidence in the broker’s regulatory framework and security measures. IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 247/14, ensuring compliance with financial industry standards and providing a trustworthy environment for your investments.

As a trader, you must be aware that regulations come with certain conditions. However, these are put in place to ensure a high level of transparency and protect your funds. IQ Option operates under strict guidelines that help establish a strong reputation. In recent years, the broker has amassed over 40 million registered users, consistently ranking highly in user satisfaction surveys.

An important aspect to consider when evaluating a broker is their account type offerings. With IQ Option, you’ll find a range of account types tailored to suit the needs of different traders, from beginners to advanced professionals. This versatility is an attractive feature for many and is indicative of the platform’s extensive reach within the trading community.

In order to maintain its license from the CySEC, IQ Option must adhere to a number of conditions. These include regular audits, maintaining capital requirements, and ensuring the safety of client funds through segregated accounts. Moreover, IQ Option participates in the Investor Compensation Fund, which provides additional security should the company face financial difficulties.

Despite its impressive standing, it’s worth mentioning that IQ Option does not currently accept traders from the United States. This is due to regulatory restrictions specific to that country. However, the platform is continuously expanding its reach to cater to traders worldwide.

When evaluating any trading platform, it’s important to weigh the pros and cons to ensure it aligns with your individual needs. With IQ Option, you’ll find a user-friendly, regulated platform with a wide range of tradable instruments, numerous account options, and a solid history of compliance with regulatory requirements. While no platform is completely devoid of risk, following the regulations set out by the CySEC has helped IQ Option to become one of the more reliable and transparent platforms available.

In conclusion, it is evident that the regulatory framework governing IQ Option and its emphasis on security create a trustworthy environment for traders. The transparent, regulated approach by IQ Option, combined with its extensive reach and numerous awards, demonstrates the broker’s commitment to providing a safe, reliable, and user-friendly platform for its clients.

IQ Option vs. Competitors

When compared to its competitors, IQ Option stands out with its diverse range of tradable instruments, including binary options, which are not offered by many brokers. The intuitive and customizable trading platform, coupled with the comprehensive educational resources, provides traders with a competitive edge. Additionally, the low minimum deposit requirement and absence of deposit and withdrawal fees make IQ Option an attractive choice for traders.

When comparing IQ Option to its main competitors, namely Olymp Trade and Pocket Option, several key factors differentiate them in terms of features, offerings, and overall trading experience.

  1. Trading Instruments and Asset Variety:
    • IQ Option: IQ Option stands out with its extensive range of trading instruments, including binary options, stocks and shares, currencies, ETFs, and cryptocurrencies. This diverse selection allows traders to diversify their portfolios and explore various market opportunities.
    • Olymp Trade: Olymp Trade offers a similar range of trading instruments, including currency pairs, commodities, indices, and cryptocurrencies. While the selection is not as extensive as IQ Option, it still provides traders with ample options for trading.
    • Pocket Option: Pocket Option provides a wide range of trading instruments, including forex, cryptocurrencies, and indices. While the selection is comparable to IQ Option, it does not offer trading in stocks and shares, which may limit some traders’ preferences.
  2. Account Types and Pricing:
    • IQ Option: IQ Option offers two main account types, the Real Account and the VIP Account. The Real Account requires a minimum deposit of $10, making it accessible to traders of all levels. The VIP Account, on the other hand, requires a higher deposit of $1900 or a trading volume of $15000 within three months, providing additional personalized features and support.
    • Olymp Trade: Olymp Trade also offers two account types, the Standard Account, and the VIP Account. The Standard Account requires a minimum deposit of $10, similar to IQ Option’s Real Account. The VIP Account, however, requires a higher deposit, which is not specified on their website, and offers additional features and benefits.
    • Pocket Option: Pocket Option offers various account types, including Demo, Standard, and VIP accounts. The Standard Account has a minimum deposit of $50, which is higher compared to IQ Option and Olymp Trade. The VIP Account requires a higher deposit amount and provides enhanced features for experienced traders.
  3. Trading Platforms:
    • IQ Option: IQ Option has developed its in-house trading platform, which is user-friendly, visually appealing, and available on web, desktop, and mobile devices. The platform offers a range of trading tools, indicators, and charting options to assist traders in their analysis and decision-making process.
    • Olymp Trade: Olymp Trade also provides its proprietary trading platform, which is designed to be intuitive and user-friendly. The platform offers a variety of technical analysis tools and indicators, as well as a mobile application for traders on the go.
    • Pocket Option: Pocket Option offers a web-based trading platform that is accessible directly from the browser. It provides a simple and straightforward trading experience with essential tools and features for executing trades.
  4. Regulation and Security:
    • IQ Option: IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC), which ensures compliance with strict financial regulations and safeguards traders’ funds through segregated accounts and SSL encryption.
    • Olymp Trade: Olymp Trade is also regulated by the International Financial Commission (IFC), providing an additional layer of protection for traders’ funds and ensuring fair trading practices.
    • Pocket Option: Pocket Option’s regulatory status is not explicitly mentioned on its website, which may raise concerns for some traders.

While all three brokers offer competitive trading services, IQ Option stands out with its diverse asset options, accessible trading platforms, and a strong emphasis on customer support and education. Its regulated status and comprehensive trading experience make it a preferred choice for both novice and experienced traders.

It’s important for traders to carefully evaluate their individual trading needs and preferences when choosing between IQ Option, Olymp Trade, and Pocket Option, considering factors such as available trading instruments, account types, pricing, and platform features.

  • Bonus and Promotion
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  • Demo Trading Competition
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  • Review Link
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In conclusion, IQ Option emerges as a reliable and comprehensive forex brokerage company, offering a wide range of trading instruments and a user-friendly trading experience. With its strong regulation by the Cyprus Securities and Exchange Commission (CySEC), IQ Option ensures compliance with strict financial standards and provides a secure trading environment for its clients.

One of the notable advantages of IQ Option is its diverse selection of trading instruments, including binary options, stocks and shares, currencies, ETFs, and cryptocurrencies. This enables traders to explore various markets and diversify their investment portfolios according to their preferences and strategies.

The availability of different account types, such as the Real Account and the VIP Account, caters to traders with varying experience levels and trading volumes. The low minimum deposit requirement for the Real Account makes it accessible to beginners, while the VIP Account offers personalized features for more experienced traders.

The proprietary trading platform developed by IQ Option is highly intuitive, visually appealing, and available across multiple devices. It provides essential trading tools, indicators, and charting options to facilitate effective analysis and decision-making. Furthermore, the inclusion of a demo account allows traders to practice and familiarize themselves with the platform before committing to real funds.

While IQ Option excels in several aspects, it’s important to consider other competitors such as Olymp Trade and Pocket Option. These brokers offer their own unique features and advantages, and traders should evaluate their individual needs and preferences when making a decision.

Overall, IQ Option’s strong regulatory status, comprehensive trading offerings, and emphasis on customer support and education make it a preferred choice for traders seeking a reliable and user-friendly forex trading experience.


Is IQ Option regulated?

Yes, IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure trading environment.

What is the minimum deposit for IQ Option?

The minimum deposit requirement for IQ Option is $10, allowing traders to start with a low initial investment.

Does IQ Option offer a demo account?

Yes, IQ Option offers an unlimited demo account for traders to practice trading strategies and explore the platform’s features without risking real money.

What deposit and withdrawal methods are available?

IQ Option provides various deposit and withdrawal methods, including debit/credit cards, electronic wallets (Skrill, Neteller), and bank transfers.

Sources & External Links

author avatar image
Chad Smith

Chad Smith is the Director of Research & Analysis here at ForexBrokerListing.com. Chad previously served as an Editor for a number of websites related to finance and trading, where he authored a significant number of published articles about trading and the impact of technology in transforming investing as we know it. Overall, Chad is an active fintech and crypto industry researcher with more than 15 years of trading experience, and you can find him teaching his dog how to trade in his free time.

IQ Option

4 / 5
1954 ratings
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