IQ Option Facts
Table of Contents
IQ Option Review: The broker is a leading online broker that offers some exceptional trading services. The brokerage firm has over 40 million active traders. The broker started its operation in 2013 from Cyprus. The brokerage firm is regulated and authorised by a top financial authority.
Traders get the ability to trade on a wide range of tradable assets from various financial markets, including CFD trading, forex trading, stock trading, crypto trading, options trading, ETFs, etc.
The broker offers the best trading experience and services through its two account types, Standard account and VIP account. Traders can trade through the broker’s proprietary trading platform.
The financial service provider offers a broad range of payment options for deposits and withdrawals. It also provides exceptional educational and research support through various unique materials. The broker provides dedicated 24/7 assistance in multiple languages.
Below will dive deep into a detailed and unbiased IQ Option review based on various aspects and services.
IQ Option Scam or Safe? Regulations and Protection:
IQ operation started its operation in 2013 from Cyprus under registration no 327751. The broker is highly regulated and authorised by the Cyprus Securities and Commission Exchange(CySEC) under licence no 247/14.
The broker follows all the rules and regulations of MiFID, which means the broker can offer its services to EEA clients. Moreover, the broker is also part of Investors Compensation Funds(ICF); thus, each client’s funds are protected maximum of up to 20,000 Euros.
One of the sister concern firms of the broker operates from Mahe and regulated by the Seychelles Financial Services Authority (FSA).
The brokerage firm has won several awards for its services which enhance its credibility.
- Award of Excellence
- Best Binary Broker
- Most Trusted Broker
Overall, the broker is trusted and reliable, is the best broker for online trading. You can start your trading journey confidently with IQ Option.
IO Option Trading Account Types:
The broker has kept trading accounts simple and offers three main types of accounts. Standard account for the retail investor, VIP account for professional traders and a demo account for beginner traders to practice their trading styles.
Traders can open a standard account with a minimum deposit of $10 while trading as low as $1. The account type offers all essential services requires for a successful trading journey.
Professional traders require $1900 for opening a VIP account. This account type comes with additional features and a dedicated account manager.
The broker also offers a demo account with virtual currency for learning and understanding the working of the various financial markets and assets.
IO Option Account Opening:
The account opening process is hassle-free and straightforward. By following some simple steps:
- Visit the broker’s website and click on the signup button in the right corner.
- Fill in all personal information.
- Upload ID card and address proof documents
- Deposit initial funds $10 and start your fruitful trading journey.
IO Option Trading Platforms:
The broker offers a unique and advanced proprietary trading platform which is created perfectly to cater the customers need.
Traders can trade all assets through a single trading platform. The platform is well designed, easy to navigate and user-friendly interface.
The trading platform provides some advanced trading tools, charts and indicators like Bollinger Bands, MACD, Moving Averages, RSI, etc. Some of the following features traders can access through the trading platform:
- Five graphical tools (Fibonacci lines, horizontal lines, etc.)
- 18+ different trading timeframes (from 5 seconds to 1 month)
- 50+ technical trading indicators
- Four different chart types (including bars, candles, line and Heiken-Ashi)
- Live chat
- Real-time Price Alerts
Traders can access the trading platform on every platform like web, desktop and mobile apps. You can download mobile apps through the play store and app store.
IQ Option Trading Instruments:
The broker offers a wide range of more than 260+ tradable assets in various financial markets, covering CFD trading, forex trading, stock trading, binary trading, options trading, crypto trading, commodity trading, ETFs, etc. The broker is constantly expanding its assets range.
- 25+ Major and Minor currency pairs
- 180+ Stocks
- 26+ Cryptocurrencies
- 4+ Commodities
- 23+ ETFs
Minimum trading size varies as per the trading assets, while you can start binary options trading as low as $1. The spreads and leverage may differ as per the different assets.
The broker also offers a new option for trading known as FX Options. At present, it is available on major five currency pairs. These FX Options are fixed with set expiry, and potential payouts are based on underlying instruments price. Payouts grow with approaching expiry as the same gama and delta values also influence these options as traditional options.
These FX Options are the best ways for EU traders as these come with fixed risk trades. Currently, the expiry is set at the 1 hour time zone. The brokerage firm is working on it constantly and will expand its expiry timings with the time being and asset popularity.
IQ Options Commissions and Spread:
The broker has kept its commissions and spreads transparent. There are no hidden charges or commission.
Commission: The broker offers commission-free trading on all assets excepts cryptocurrencies are charged some custodian fees starting from 0.25% to 2.5%
Swap Charges: The swaps or overnight charges differ from assets to assets.
Spreads: The broker offers variable spreads that differ as per the asset, market condition and liquidity. Spread start as low as 0.026%.
Inactivity Fees: The traders might get charged $10 if there is no activity for consecutive 90 days.
IQ Option Maximum Leverage:
The broker offers maximum leverage of 1:500. The leverage varies as per the trading instruments. While for EUA retail traders, 1:30 as per ESMA regulations.
IQ Option Deposit and Withdrawal:
The service provider offers a wide range of payment methods for deposits and withdrawals.
- Bank Wire Transfer
- Credit/ Debit Card
- Visa/ Mastercard
- Perfect Money
- Web Money
Deposits are total free-free. The one withdrawal is free every calendar month. While other than that, withdrawals are charged as per the payment methods. The order process timings differ based on chosen payment method.
IQ Option Educational and Research Support:
The broker provides a large number of quality and informative educational materials. Sources are beneficial for novice traders as well for seasoned traders.
The broker offers a broad range of trading tools, technical charts and indicators. This help traders to understand the dynamics and trading strategies of financial markets.
- Economic calendars
- Daily Updates
- Trading Signals
IQ Option Customer Support:
The broker has an exceptional and dedicated customer support team that provides 24/7 assistance. You can contact them through live chat, telephone, and email.
- Address: Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus
- English: +44 20 8068 0760 (London toll rate) +44 80 0069 8644
- Portuguese: +351 882 880 034(Toll-free), +351 308 807 766(National)
- Spanish: +34 90 086 16 12(Toll-free), +34 91 123 87 48(Madrid toll rate)
- Email: [email protected]
This was a detailed and unbiased IQ Option review based on various factors and services. IQ Option offers some exceptional benefits and features. The broker is the best online international broker that offers its services in more than 100+ countries worldwide, with 48+ million active traders per month.
Traders get access to trade on a wide range of 260+ tradable assets through core account types. The broker provides a new asset FX Option for trading.
The trading platform offered by the broker is advanced and provides trading tools, charts and indicators. You can open an account easily with $10 and start trading as low as with the investment of $1.
Most importantly, the broker is highly regulated and operated under CySEC. Thus, you can start your fruitful forex trading journey confidently with IQ Option.
Why Trade With IQ Option?
Yes, The broker is regulated and trusted by the millions of active traders and hold good track records of 8 years.
You can open a trading account with $10.
The broker offers 1:500 maximum leverage. While for EEA retail traders, 1:30 as per ESMA regulations.
Yes, you can start your profitable day trading journey with IQ Option as it offers the best trading tools and conditions for intraday trading.