IQ Option

IQ Option review and test – Is it legit or not?

Important disclaimer:

This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders.

Review:
Regulator:
Min. Deposit:
ASsets:
Markets:
5 out of 5 stars (5 / 5)
/
$ 10
Over 300+
Forex, CFDs, ETFs, Crypto

IQ Option is one of the largest online trading platforms von investing in financial instruments. You can literally trade over 300 markets in one software. In this review, we will have a deeper look into the conditions and functions of the online broker. We will show you how to trade and answer the question, “Is it really worth investing money with this company?”  – Find out in the next sections.

Official website of IQ Option

(Risk warning: Your capital might be at risk.)

Assets and financial products of IQ Option

What can you trade with IQ Option? – You can trade more than 500 different markets on the platform. Stocks, currencies, commodities, ETFs, and cryptocurrencies. The range of markets is quite large and from our experience IQ Option is adding continuously new markets to its platform. For trading these markets you can use different financial products which we will discuss in this section.

IQ Option markets and assets for trading
IQ Option markets and assets for trading

(Risk warning: Your capital might be at risk.)

Options (not available in EEA countries):

For traders from non-european countries, IQ Option offers Digital Options and Binary Options. Binary Options (Wikipedia) is the most popular financial product of the broker. You can trade more than 100 different markets like stocks, forex, and commodities. The yield is very high like 80 – 95% compared to other Binary Options Brokers. Choose different expiry times from 60 seconds up to a few days for the options. IQ Option also scores first place in our Binary Options Broker comparison.

Typical yield of Binary Options (sample assets): 

ASSET:
YIELD:
EUR/USD
Up to 100%
USD/JPY
Up to 95%
GBP/USD
Up to 95%
OIL
Up to 90%
Gold
Up to 90%

Forex:

More than 60 different currency pairs are available on the platform. The spreads are very tight and less than 1.0 pips in the EUR/USD contract. In addition, there is leverage up to 1:1000. Surprisingly, IQ Option is one of the few brokers where you can change the leverage before each trade.

Typical spreads and leverage in forex trading (sample assets):

ASSET:
SPREADS FROM:
MAX. LEVERAGE:
EUR/USD
0.4 pips
1:1000
USD/JPY
0.8 pips
1:1000
GBP/USD
1.0 pips
1:1000
AUD/JPY
0.8 pips
1:300
GBP/JPY
1.3 pips
1:1000

Stocks:

You can trade stocks via CFDs (Contract For Difference). Maximum leverage 1:20 is available. You can easily invest in rising or falling prices via CFD. Stocks are available for international stock exchanges. The spreads for CFDs on stocks are also quite low, and you can profit from the increased volatility. But remember that increased volatility also increases the risks of losing your funds.

Crypto:

Since 2017 cryptocurrencies are very popular because of the fast changes in prices. You can trade these assets via CFD and invest in rising or falling cryptocurrencies. Over 10 different assets are available, and you can use huge leverage of up to 1:100.

Typical spreads and leverage on cryptocurrencies CFDs (sample assets): 

ASSET:
SPREADS FROM:
MAX. LEVERAGE:
Bitcoin
20.5
1:100
IOTA
0.00174
1:20
Ethereum
2.324
1:50
TRON
0.00011
1:50
Litecoin
0.33496
1:20

Commodities:

Trade commodities like gold, brent, and crude oil with a maximum leverage of up to 1:50.

ETFs:

This is a good way to build a portfolio with a lot of different assets. An ETF is a stock exchange-traded fund. In this fund, there are different assets and markets included. Trade over 20 different ETFs on the IQ Option platform with a maximum leverage of 1:20.

Note:

The offers and tradeable instruments are always depending on your country of residence.

(Risk warning: Your capital might be at risk.)

Review of the IQ Option trading platform

IQ Option offers a unique and professional trading platform for its traders. This platform is available for any device, like a computer or smartphone. From our experience, the IQ Option trading platform is one of the best-programmed software for traders. IQ Option is continuously adding new features to the software and tries to improve the trading experience of the customers.

In the next section, we will give you a better overview of the trading platform and what you can do with it. As professional traders, we recommend it to use a free demo account with IQ Option to get a good impression by yourself first.

IQ Option multi charting platform
IQ Option multi charting platform

Core facts of the IQ Option trading platform:

  • Customizable and user-friendly
  • Multi charting
  • Available for any device
  • Integrated support center and chat
  • News calendar for economic events
  • Free and customizable tools and indicators
  • Easy to use, and you see transparent the trading fees and conditions

Mobile Trading (App)

As traders, we also tested the app for mobile trading. You will get a very good experience with it because it runs smoothly and without disconnects. Similar to the computer or web-based platform you will get access to all markets and financial products. Nowadays mobile trading is very important because the markets are running 24/7 and you can check them with your mobile phone.

You can use the same tools as on your computer for chart analysis and trading. The app is available for Android and Apple (iOS) devices. Just click on the button below and download the mobile app for free.

IQ Option trading software for desktop and mobile
IQ Option trading software for desktop and mobile

(Risk warning: Your capital might be at risk.)

Professional chart analysis and tools for traders

If you want to trade successfully the markets, you need some sort of analysis. Most traders divide between technical analysis and fundamental analysis. From our experience, we can say that a combination of these two analysis types can give you a more detailed picture of the market.

The IQ Option trading software comes with a lot of different tools and indicators for your analysis. It is easy to implement them in your chart. Also, you can customize them as you want and change the timeframe or other settings. It is possible to develop a trading strategy with only indicators that could bring you the desired results. But you should try it in the demo account first.

IQ Option trading indicators for charting and analysis
IQ Option trading indicators for charting and analysis

Besides, IQ Option tries to add continuously new tools and indicators to the platform. They are completely free to use and you can save different settings as a template to duplicate them on different charts. In conclusion, the IQ Option trading platform is one of the best for daily trading or long-term investments. You get a lot of professional tools for your trading ideas and they are easy to use.

Facts about the chart analysis:

  • Free indicators
  • Easy to use
  • Customizable as you want
  • Use tools and widgets like the trading direction of other traders
  • Develop your own strategies with the tools

Invest in cryptocurrencies (Bitcoin and more) with IQ Option

Many traders are interested in trading cryptocurrencies with IQ Option. In fact, you can trade more than 20 different crypto markets (picture below). For investments, there is leverage available and you can hold the trade so long as you want. The maximum leverage on Bitcoin is up to 1:100. In our opinion, this is very high leverage. For traders from the EEA countries, this leverage does not exceed 1:2.

The cryptocurrencies are traded by CFDs. For trading, you only pay the spread fee if you open or close and position. You can see the spread transparent in the software. For high-leverage products, the spread will be lower. Another advantage is that you can easily short any crypto market you want. So it is possible to open positions in either direction.

IQ Option cryptocurrency markets
IQ Option cryptocurrency markets

Facts about crypto trading with IQ Option: 

  • More than 20 different markets (Bitcoin, Litecoin, Ethereum, Dash, Iota, and more)
  • Invest in rising or falling prices
  • Leverage is available up to 1:100 (up to 1:2 for EEA countries)
  • Competitive spreads and fees

(Risk warning: Your capital might be at risk.)

Account types: Open your free account

IQ Option offers 3 different account types for traders. You can choose between the demo account, real account, and VIP account (only for no-EEA countries). On the trading platform, you can switch with 2 clicks between the demo account and the real account.

You get the real account and demo account for free. The minimum deposit for the real account is 10$. In our opinion, this is a very small amount and lets any trader participate in the financial markets. To get the VIP account status, you need to be an active trader with a significant trading volume. But for this, you will get better conditions for Binary Options trading, VIP support, and better education for trading. (VIP accounts are only available for customers outside Europe).

Facts about the account types:

  • Free demo account
  • The minimum deposit for the real account is 10$
  • VIP status is granted to active traders with a significant trading volume (only for customers outside Europe)

Step by step: How to open your account

Many traders are asking how to open an account with an online broker? – It is quite simple nowadays. In the past, it was literally difficult to get access to the financial markets.

For an IQ Option account, you only need your real email address and password first (you can sign up through the form below). After that, you get direct access to the trading platform. The demo and real accounts are available for you. It is possible to make the first deposit but we do not recommend this.

You should verify your account for up to 100%. IQ Option will help you with a detailed tutorial through the verification. As a reputable forex broker, IQ Option has to verify your identity. The payout can not be done if you are not verified to 100%.

Open your account step by step (It takes only less than 10 minutes):

  1. Register in the form above
  2. Get direct access to the trading platform
  3. Verify your email address
  4. Verify your identity
  5. Start trading

(Risk warning: Your capital might be at risk.)

Review of the IQ Option deposit and withdrawal methods

As a reliable company and trusted CFD Broker IQ Option clearly withdraws all profits of the traders. Each day they pay out millions of US-Dollars to their clients. For this, the broker is using only well-known payment methods.

Traders can choose between electronic or classic payment methods. Some deposits are made instantly through electronic wallets. You can use Credit Cards, Neteller, Skrill, Online Banking, Bitcoin, or the classic bank transfer for your deposit or withdrawal.

How to deposit on IQ Option with different payment methods
How to deposit on IQ Option with different payment methods

IQ Option handles the customer funds professionally. In order to deposit, IQ Option does not charge any fees for your transaction. For withdrawals, there will be a 2% fee starting from the second withdrawal per month. This is a big advantage compared to other brokers. Sometimes it can happen that your payment system is charging some fees.

In conclusion, deposits and withdrawals are made very quickly with IQ Option. There are no fees or small fees for your payment methods. All in all, we can recommend it to invest money there.

Facts about the payments:

  • Minimum deposit 10$
  • 2$ minimum withdrawal
  • Fast deposits and withdrawals
  • IQ Option charges few fees
  • Use Credit Cards, Skrill, Neteller, Bitcoin, Bank Wire, Qiwi, and more E-Wallets
Note:

The payment methods depending on your country of residence.

(Risk warning: Your capital might be at risk.)

Customer support for traders

One unique service of IQ Option is the 24/7 customer support for traders. Any time around the clock you can call an IQ Option expert or write them via chat. Customer support is offered as email, chat, and phone support. For example, VIP traders get their own account support manager.

The support is available as a trading platform in different languages. IQ Option got international branches and they are expanding their business. For beginners trading tutorials are offered. You can read through market information for each asset you want to trade. In addition, there is a news calendar for forex, cryptocurrencies, and stocks.

All in all, support acts very professionally. Through our tests, they are responding very fast and you will get your questions answered.

Facts about the support: 

  • Support 24/7 around the clock
  • Support in different languages
  • Email, chat, and phone
  • VIP account managers
  • More than 200 educational videos are available
  • Market information and news for assets

Accepted countries

Depending on your country, you will be registered with one of the companies that work under the IQ Option brand. Also, trading conditions and available trading instruments will differ.

These countries are not accepted: Afghanistan, Albania, American Samoa, Australia, Belarus, Belgium, Canada, the Czech Republic, Comoros, Crimea, Cuba, Democratic Republic of the Congo, Donetsk and Luhansk People’s Republics, Eritrea, Ethiopia, Guam, Haiti, Iran, Israel, Japan, Latvia, Libya, Mali, Myanmar, North Korea, Palestine, Portugal, Republic of Abkhazia, Republic of South Ossetia, Russia, Spain, South Sudan, Sudan, Switzerland, Syria, Transnistria, Ukraine, the United Kingdom, the USA, Vatican, and the U.S. Virgin Islands

(Risk warning: Your capital might be at risk.)

Conclusion: Is IQ Option a legit online broker or not? – We think, yes!

From our experience and tests, IQ Option is a well-known company for trading financial products. It is a fully legal online broker that allows you to invest in the financial markets. The facts in our review show that you found the right place if you are searching for a reliable broker.

IQ Options is one of the best trading platforms for online trading. The platform is user-friendly and easy to use. Moreover, professional and advanced traders are welcome. The biggest advantages of this broker are the small minimum deposit, a customizable platform, and good trading conditions. Compared to other brokers, IQ Option offers a competitive trading environment.

Advantages of IQ Option:

  • Regulated European company
  • Free and unlimited demo account
  • Minimum deposit 10$ and the minimum trade amount 1$
  • More than 300 different markets
  • Forex, CFDs, Crypto, Stocks, and more assets
  • Very good and reliable trading platform
  • 24/7 support

(Risk warning: Your capital might be at risk.)

IQ Option Review

IQ Option – Accurate overview and test

Trusted Broker Reviews

IQ-Option-Logo
Regulation
Platform
Trading offers
Customer support
Deposit
Withdrawal

Summary

IQ Option is highly recommended overall. It is a well-known company for more than 8 years, and there is a possibility to create a free and unlimited demo account.

5

With IQ Option you get access to a lot of different markets and financial products. For traders, it clearly shows the best trading platform for online investing. 5 out of 5 stars (5 / 5)

Trusted Broker Reviews Logo

Trusted Broker Reviews

(Risk warning: Your capital might be at risk.)

The most asked questions:

Is IQ Option safe?

The broker is very safe. You can use a 2-factor authentification to getting more security of your account. All funds are stored in regulated banks in Europe.

How long does it take for a withdrawal?

IQ Option verifies your withdrawal in a maximum of 1 -3 business days. Our tests showed that the withdrawals through some methods are made in a few hours.

What is the maximum leverage?

The maximum leverage depends on your asset. The maximum leverage can be 1:1000 in forex. Besides, retail traders in Europe only can trade with a maximum leverage of 1:30.

Are there hidden fees?

There are no hidden fees. If any fee occurs, IQ Option will inform you.

(Risk warning: Your capital might be at risk.)

Read our comparison to other brokers:

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