IQ Option Review 2023 UPDATED : Know Its Pros & Cons First!

You will have to pay low brokerage fees but there are chances of receiving up to 100% returns (in case of a correct prediction). The amount is credited to account when it is a successful investment. Since binary options trades end in asset or nothing, there are very low chances to lose more than the trader can afford to lose. The broker offers charts and trading tools to make the trader’s job easier and it also helps the trader to place a Put or Call option.

However, it is essential to note that trading involves risks, and traders should always conduct thorough research before investing their money. Overall, IQOption is an excellent option for traders looking for a reliable and efficient trading platform. Many large trading bases and hubs use and offer IQ services, such as Germany and Sweden. Regions such as Singapore, Malaysia, India (binary options trading has become legalized), and the Philippines all getting involved. Africa is a similar story, with Nigeria and Ghana benefiting from IQ’s services due to those countries’ with liberal regulations.

Now that we have seen that they are very active, thriving and have built an effective community, we are excited to say that the broker is very far from being a fraud. The broker is even verified by Facebook, which gives it a huge advantage in terms of trustworthiness over all of the other brokers we have seen. Overall, IQ Options is one of the best brokers available in the market. The number of awards and the number of costumers the broker has collected within only 7 years of the operation is very impressive and tells a lot about the attitude, and spirit of the company. The information and the charts that are on the homepage are all representations of the market and will already deliver you the right vibe of trading and professionalism. The technical side is also very clear, after visiting the website for some time, there was no single issue with the technical aspect.

Advanced Trading Tools

Within one week after the first deposit, traders are required to go through a verification process. For the EU, this includes providing personal information, adding a phone number and uploading a photo ID. The time it takes for the money to reach your account depends on the method used. Usually, e-wallet transactions are completed in one day but card transactions can take up to 21 working days (although IQ Option processes the transaction instantly).

• In this review, we will go over everything you need to know about this broker and decide whether IQ Option is right for you.
• Your feedback is very important to us and helps us improve our services.
• Despite the lack of clear information about IQ Option’s regulation, it’s important to note that the platform is generally regarded as a reputable and reliable trading platform.
• You will not be able to compare the charts with other indicators (e.g. the price of S&P 500).
• Overall, they are an award-winning trading platform that has been around for nearly a decade, so it has garnered quite a bit of support and respect over the years.

The simplest way to open an IQ Option account is through Facebook, Google or by simply using a valid email address. IQ Option entered the marketplace in 2013, and since then they’ve done a great job at differentiating itself from other brokers. First of all, their platform is proprietary; you won’t find it anywhere else. The most significant advantage is the charts, where Japanese candlesticks and many other technical indicators can be used. This is a big thumbs up because sometimes it’s hit or miss in regards to the trading platform and many times brokers severely suck when it comes to charts and additional technical tools. Finally, after what seems like ages, I find a broker that doesn’t look like a carbon copy of every other broker on the market.

However, as with any trading platform, there are pros and cons to using IQ Option as your broker. It allows you instant access to asset trading, anywhere & anytime. Unlike other standard platforms, IQ option has an exclusive custom-built trading platform to cater to users’ unique needs. A wide range of assets is supported including binary options, traditional forex, cryptocurrencies, stocks, ETFs, digital options, and commodities.

IQ Option withdrawal

Lastly, the customer service of this platform is highly responsive on all the platforms (be it mobile apps or browser). If you are a beginner, before trading, you can read this review https://forexhero.info/ for detailed information about this exchange. The company executes clients’ funds in financial instruments like contracts for differences (CFDs), binary option, and digital options.

To encourage and incentivize trading, generate publicity and excitement, IQ broker hosts tournaments. To win, the amount of total profit in a certain period is what matters. Deposits are easy and accurate, and the customer support team can help with any issues should they arise. IQ Option offers the ability to trade digital options on Exchange-Traded Funds. These include 24 ETFs such as semiconductors, energy, technology, metals, utilities, emerging markets, and futures volatility.

Fill the Account Opening Form

However, those who feel comfortable with the risk they are exposed to with this type of investment strategy can consider IQ Option. The base account for IQ Option traders is the Real Account, giving traders the full experience for just a minimum deposit of $10. This account gives you access to over 300 assets and a practice account.

While IQ Option originally opened its doors in 2014 as an online trading broker, today they have it all. The broker has over 300 assets available and continues to increase this number each year. Both e-wallet and wire transfer deposits are instant, so you will not have to wait to use your real balance. IQ Option is a highly reputable broker that offers CFD, Cryptocurrency, and Bitcoin trading. Having realized that, IQ Option has done a terrific job at providing polished trading platforms. Granted, these aren’t quite as widely-known as MetaTrader or cTrader programs, IQ Option’s proprietary software is still on par with them in terms of its capabilities.

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

Click on the “Sign Up” button in the page’s top right corner and follow the prompts provided. While digging, we were happy to find out that the broker is licensed by CySEC and has named Cyprus as the country where its HQ is located. It also has offices in other countries like, with offices located in cities such as Saint Petersburg, London, and New York City. We were also very surprised to see that the broker has an active and useful social media account. It is always refreshing to see a broker make effective use of their social media because so many brokers are struggling to do just that. We might have thought that IQ Option fraud is a very certain possibility if we had seen that the social media pages are dead or dying.

• The broker is regulated by reputable authorities and complies with industry standards to ensure clients’ funds’ safety and security.
• Spreads on FX and CFD trades are competitive, with the fees lower than many online brokers and comparable to those of larger established brokers.
• The popularity of Forex trading can be defined by two major reasons.
• However, these days, the broker is known for Forex and stock trading as well, with several other assets listed.
• Of course, before deciding whether you want to start trading with IQ Option you’ll have lots of questions on their commissions, functionality and the assets you can trade with them.

Additionally, this Broker is constantly working to optimize the order processing and speed of execution. The liquidity providers guarantee the execution of orders at a speed of up to 50 ms for Forex trading. In binary options, orders are executed according to the Dealing Desk scheme. IQ Option is a brokerage firm that was established in 2013, and since then, it has become one of the fastest-growing companies in its industry. Over the years, IQ Option has made a name for itself as a reliable and trustworthy platform for traders. Its unique features have attracted millions of users worldwide and set it apart from its competitors.

Before you decide to open a trading account with the IQ option, you should review what tools and features it has to offer. The award-winning broker boasts an advanced web-based platform available for Windows and macOS, as well as a mobile app for all your iOS and Android devices. It comes with a multi-chart layout, technical analysis, historical quotes, and more. Founded in 2013, IQ Option has already built a base of over 80 million registered users. According to IQ Option reviews we’ve come across, one of the features that attracted them to the platform is its ease of use. IQ Option was designed with a beginner investor in mind, offering intuitive trading tools, a fully customizable interface, a variety of indicators, and a supportive community.

Plus, they have 24/7 support to help users, as well as two-factor authentication for added security for your financial assets. There are a variety of investment products on IQ Option, including stocks, cryptocurrency, forex pairs, and exchange-traded funds on their intuitive trading platform. Like all online trading platforms, IQ Option maintains a series of account fees and trading fees as follows.

Mobile trading is becoming popular as more and more daily tasks move from desktop computers to smartphones. Their proprietary mobile app, works in similar way to the desktop platform. The app is available for both Android and iOS operating systems.

We also looked at the IQ Option fees that need to be paid by the users when they are trying to withdraw. But for large profit traders, it is a godsend, since they will not have to be paying anything else on the profits that they are going to be making. So look at it from the perspective of how you will be trading and where your trading volumes are. There is still reason to believe that in the long run, it is still beneficial for everybody, as you won’t have to pay for every trade that you make up conducting. We believe out of all the FX options IQ option is one of the best in terms of withdrawal, which is why you should be considering it as your main broker. The broker, on the other hand, gives the whole experience for free.

Namely, IQ Option has a $10 minimum deposit requirement, whereas Binarycent asks users to fund their accounts with a minimum of $250, which is quite steep in comparison. IQOption offers its clients a proprietary trading platform that is available on desktop, web, and mobile devices. The platform is user-friendly, intuitive, and packed with features that make trading easy and efficient.

IQ Option is a brokerage firm that has established a strong presence globally, with a client base spanning various regions, including Africa, Asia, the Middle East, South America, and Europe. We want to be as honest as possible here and say that the design of the website didn’t impress us that much. The problem we have with the page is the fact that most of the information on it is dedicated to the services that the company offers, and the information is rather vague. However, after a bit more effort being put into the research, the entirety of the company was in front of us like a book ready to be read. This is why we would like to suggest that when you decide to visit the website yourself, keep in mind that a little more effort is needed to find the info you need. The first reaction and thought we had was that an  IQ Option scam was a possibility.

The success of its model is evidenced by the fact that IQ Option is the fastest-growing broker in the binary options field. 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. iq forex broker review IQ Option LLC, 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. EToro is another extremely popular trading platform, with millions of active users.