Pros
  • Islamic account
  • $10 Minimum deposit
  • Free $10,000 demo account
  • Returns over 95%*
  • Award winning platform
  • Cons
  • limited market analysis
  • IQOption Full Review

    What is IQ Option?

    IQ Option has come a long way since it began operating as a premium binary options broker in 2013. Although IQ Option has retained the brand, over the past few years, it has offered a diverse offering of assets that now includes forex and CFD trading ETFs, and digital currencies.

    Hence, it can be said that IQOption is no longer an ordinary binary options brokerage, but an effective broker in the field of commodities and forex trading.

    For all clients not residing in the UK and EEA countries, all of their trading accounts will be operated by IQ Option LLC, a company based in Saint Vincent and the Grenadines.

    HeadquartersIQOPTION LLC (St. Vincent and the Grenadines)
    Founded2013
    Regulated byCySEC (IQ Option Ltd Europe) / Unlicensed (IQ Option LLC)
    Minimum Deposit$10
    Minimum Trade$1
    Trading platformsproprietary platform
    Available marketsForex Stocks Indices Commodities Cryptocurrencies
    Demo accountYes, and it has $10,000
    Islamic account
    Spreads starting from0.6
    Maximum leverage1000:1
    Max. Payout (binary options) 95%*
    Deposit OptionsCredit Card, Skrill, Neteller, Bank Transfer, Webmoney

    iq option Explanation - Review

    IQ Option Registration

    Opening an account takes no more than two minutes. It is enough to register your name and e-mail. Upon registration, you can trade directly. No need to register your phone number so you won't get annoying conversations from customer service to deposit or to get confirmed income. Even if you want to register your phone number, you will only receive calls when you request it.

    Trading platform

    iq option platform

    Unlike most forex and commodity brokers, IQ Option offers a trading platform that is fully cloud-based on the web. Once you log in as a client, you will be able to access the trading platform from almost anywhere using your browser and execute your trades quickly, without installing any additional software on your PC.

    The best feature of the cloud trading platform is the ability to use any operating system so that the user interface remains familiar to you regardless of whether you are using a Windows computer or any Apple device.

    IQ Option realizes that many professional traders rely solely on technical analysis to make trading decisions, as it offers them a free charting package that is sufficient for advanced analysis. In addition to line chart tools, the IQ Option trading platform also offers indicators and advanced technical analysis tools.

    For example, you can also use candlestick charts to conduct your own technical analysis through the native IQ Option trading platform.

    As you can see, almost all major technical analysis indicators are included in the cloud trading software, including Bill Williams Chaos Trading System which requires a combination of several indicators, and many of the most popular indicators such as the Average Directional Movement Index and the Commodity Channel Index.

    In addition to the innovative online trading platform for desktop computers, the IQ Option trading platform is also available as mobile apps for traders who work in other professions most of the time despite their constant desire to access

    The market is constantly. If you have a day job, you can still trade the different assets offered by IQ Option through the smartphone apps which have almost identical trading features in Android and Apple phones.

    You will be satisfied to know that this financial company is one of a handful of brokers that currently offer over-the-counter (OTC) options trading. Also, you can trade all the other assets they offer during traditional weekday market hours. However, please note that OTC is not available to EEA traders.

    IQOption on mobile

    The IQOption mobile app and website are quite impressive. What do people need? A mobile phone? Tablet? People need to communicate, and in today's society users are completely connected to everything from their equipment to social networks. IQ Option traders want to be able to make money even if they are in an elevator or waiting for a traffic light. This is the main idea on which the IQ Option mobile platform is built. In the world of online trading seconds means a big difference.

    Download IQ Option - GooglePlay App
    Download IQ Option - AppStore
    IQ Option Android

    IQ Option iOS

    Species Accounts

    If you are wondering what type of account you should open at IQOption, let us tell you the good news: they offer a simple registration process while giving you a unified trading account. With a single active IQ Option trading account, you will be able to trade all the different types of assets offered by the broker.

    Moreover, if you are an international investor and not a UK or EU citizen, you can enjoy short-term binary options assets, where you can open options trading with a validity period of 15-40 minutes. IQ Option also offers a fast “Turbo” option for international traders which allows trading binary options with an expiry period that can be as low as 5 minutes.

    And because IQ Option is a premium broker, it also offers potential clients a free demo account with a validity of 30 days. If you are a newbie in the field of trading or just want to try out the IQ Option cloud trading platform, then opening a demo account will give you the opportunity to try out the platform and get familiar with it before opening a real account.

    tradable assets

    How many assets can be traded on IQ Option?

    IQOption has made some huge changes to their asset offerings and introduced a lot of new currencies, stocks, ETFs, cryptocurrencies and forex options. It also allows you to trade many commodities such as gold.

    Currently, IQ Option traders can trade 185 equity CFDs (Tesla, Amazon, Apple, Spotify, Twitter, Poste Italiane, IBM, Coca Cola, Google, Juventus Football Club, Alibaba, Microsoft,…), 24 ETFs (S&P 500, workers Gold Mines, Dow Jones Industrial Average, …), 58 foreign currency pairs (AUD/JPY, AUD/USD, AUD/SGBD, EUR/USD, EUR/ZAR, GBP/CAD, EUR/GBP, GBP/AU ,...), 4 commodities (Silver, Gold, WTI Crude, Brent Crude) and 28 Cryptocurrencies (Bitcoin, IOTA, Ethereum, EOS, Stellar, NEO, Bitcoin Cash, Ripple, Litecoin, Dash, ZCash, Tron, .

    In addition to this aforementioned class of assets, IQ Option also offers over 10 million combinations of binary options to traders across different markets, including the forex market, stock market, and cryptocurrency.

    We have been following a lot of different brokers in recent months, and we have to say, it looks like IQ Option  It has the most diverse set of trading instruments on the European market right now.

    iq option

    Trade Cryptocurrencies with IQ Option

    Trade Cryptocurrencies with IQ Option

    Trading Conditions

    What are their fees and commissions?

    The fee for an inactive account is €10 if your account has not been trading or transacting for 90 calendar days, then €10 each month.

    Also, there is a $31 withdrawal fee for bank transfers.

    What is the maximum leverage?

    For non-EEA traders, the maximum leverage is 1000:1.

    For EEA countries, the leverage is the following:

    • Major currency pairs with a ratio of 30:1 (eg: EUR-USD, AUD-USD, AUD-JPY, EUR-GBP, ..)

    • 20:1 non-major currency pairs and gold.

    • 10:1 for commodities other than gold.

    • 20:1 to 5:1 for indicators.

    • 5:1 for stocks and ETFs.

    • 2:1 for cryptocurrency.

    Minimum deposit requirements, bonuses and discounts offered

    IQ Option easily allows all types of traders to open an account and start trading with them. To support small investors and anyone who is novice, IQOption has set a minimum deposit of $10 or €10, depending on which currency your active account is denominated in.

    While you can allocate as little as $1 per trade, you can also make small withdrawals. Currently IQ Option allows traders to withdraw amounts of as little as $2 per trade. Conversely, if you want to withdraw a large amount of profit, it will allow you to withdraw $1,000,000!

    While IQOption has offered a lot of offers and discounts when signing up with them in the past, at the time of writing this review, we didn't find any promotions. However, you should check the company's website to see if there are any promotions for new customers or existing customers.

    Methods clouds and deposit

    When it comes to depositing and withdrawing money with IQOption, don't worry we have done everything necessary. As a client, you can deposit funds directly into your IQ Option account by paying with credit cards (Visa, MasterCard). However, if you are going to make a deposit or withdraw a large amount, we would like to recommend using the bank transfer method in order to reduce your transfer costs.

    In addition to credit cards, and bank transfer, IQ Option also offers several modern payment methods, including well-known e-wallet providers such as WebMoney, Poly services, Skrill, and Neteller.

    Geographical coverage:

    IQ Option works with traders from 176 countries around the world, including Bahrain, Egypt, Kuwait, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, and the United Arab Emirates

    Customer Support

    Customer service is considered as the most important aspect of becoming a successful broker. That's why they are probably the only broker that offers dedicated phone numbers to many countries.

    We suggest that for general inquiries and customer support needs, you should commit to sending an email to their support department at support@iqoption.com

    If emailing them seems like a slow way to get a response, you can also contact customer support in 18 different countries at the following numbers:

    This is the title of their full work:

    IQ Option LLC

    Hinds Building, Kingstown, St. Vincent and the Grenadines

    Summary

    Although IQOption has discontinued providing binary options trading to UK and EU citizens, they have added a massive amount of new trading tools to traders in these two target markets, and from other users from around the world to make up for this void.

    With one of the most user-friendly, and most beautiful trading platforms in the field, IQOption has positioned itself to be a premium broker in the European market.

    If you are looking for a reliable partner to trade a large number of assets, the latest offerings of IQOption make it one of the top contenders in the industry.

    * The profit will be deposited into your account if your deal is successful

    FAQs

    Is IQOption a legit and regulated broker?

    Yes it is. IQ Option is a reliable broker. They have received a lot of awards for the trading platform, the app, and the quality of their services.

    Do they offer interest-free accounts?

    Yes. All of its clients who follow the Islamic faith can request an Islamic trading account with interest-free trading.

    Ramy Hussain
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    IQ Option Details

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    IQ Option
    4.5/5
    Your capital is at risk
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