IQ Option Review: Discover Their Pros, Cons & Fees 2024

iq option broker review

The company has been in the industry since 2013 and has acquired a base of over 80 million active users, thus proving to be a reputable and trustworthy online trading platform. It has won numerous prestigious awards, including the Forex Awards 2014 Best Trading Platform, 2017 Award of Excellence, and Century International Quality Gold ERA Award, among others. IQ Option is one of the most popular online all-in-one trading platforms that makes investing hassle-free and accessible to everyone, even those without prior trading experience.

Account Application

  1. Minimum investment is low at $1 and expiry times go from 60 seconds to 15 minutes.
  2. To be completely transparent, it’s worth noting that there is limited publicly available information regarding the company, its physical offices, and regulatory details.
  3. I appreciate the well-designed content, which shows that IQ Option cares about this segment and does not maintain it for marketing purposes.

In addition, forex and CFD traders benefit from a complete environment in which they may operate strategically with numerous assets and evaluate data using a wide range of indicators. ✅Submit withdrawal request – processing time will be several business days, subject to IQ Option’s internal review and your bank’s processes. Yes, the Live Account is great for new and casual traders, with a user-friendly platform and a minimal minimum deposit. Additionally, a minimum investment of $10 provides a smooth transition to real trading, promoting skill development and confidence among users. Furthermore, the account’s simplicity and lack of registration demonstrate IQ Option’s commitment to user-friendly trading. IQ Option, a binary options-focused trading platform that operates out of Antigua and Barbuda.

Trading fees and costs

Unless you are a professional (IQ Option) client with extensive financial knowledge, the only security you can use to invest will be Contracts for Difference (CFDs). Professional clients will have access to trading options on FOREX. IQ Option imposes a monthly inactivity fee of $10 if you’re inactive for 90 days.

Are there any commissions charged on the Live and VIP accounts?

You will see the chart is in the center with buy and sell boxes to the right hand side. Your balance is displayed at the top along with any assets you are currently trading. Regardless of your withdrawal method, IQ Option will process your request within three business days.

iq option broker review

Here, select your preferred payment method and follow the on-screen instructions. You can find more information about the payment methods on the IQ Option website or app. Leverage can boost prospective earnings and losses, allowing you to manage a larger position with fewer funds.

Order Types & Stop Loss Tools

iq option broker review

They provide traders with a unique digital and binary options platform focusing on speedy transaction execution and efficient risk-management measures. The web platform offers all popular technical indicators such as moving averages, Bollinger Bands, MACD and RSI. Very recently it added a feature called ‘position top-up’ that allows a trader to keep the trade open, in case it’s approaching stop loss.

Overall the web platform is well designed and offers quite a few details at a single glance. Please note that if you are experiencing any issues with your trades then you are welcome to share the details with the support team. Please also note that we never force traders to trade on the platform let alone trade on particular instruments. They are welcome to use the practice account to understand how it works and can connect with support if they any doubts. If however, you face any technical issue with the trade then please feel free to connect with support team via email.

Yes, the broker performs frequent security audits to discover and remedy possible vulnerabilities, therefore assuring the platform’s integrity and user security. ✅Indicate how much money you plan to deposit into your account. IQ Option operates in 100+ countries, but some may opt to block CFD trading, which has nothing to do with the broker. Traders at IQ Option get a diversified CFD asset selection suitable for most strategies. Most equities are US-listed, with a handful of German and Italian blue-chips for the Antigua and Barbuda subsidiary, while the CySEC unit presents a broader choice.

iq option broker review

The earnings are paid out two times every month, and you can choose your preferred payment method. On the day of writing, IQ Option affiliates had already earned $35,015.50 just that day alone. You can view up-to-date figures on the countries, customers, affiliates, and amount earned by affiliates for the day on the IQ Option affiliate page. IQ Option also makes a wealth of data available for all its users, and the site incorporates training resources that can benefit both newer and more experienced traders.

Fundamentally, IQ Option itself is a legitimate online platform from which to trade in a wide variety of assets across various risk profiles. This section gives you a broad-brush perspective of how IQ Option stacks up against its online trading platform competitors. But for citizens of eligible countries interested in investing in options, forex, ETFs, stocks and other assets, IQ Option has a lot to offer.

We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry. Processing of withdrawal requests typically take one business day but can be as fast as a few hours if the withdrawal method is by eWallets. As for the eWallet options, they include popular wallets such as Neteller, Skrill, Perfect Money and Webmoney. One of the major plus points of IQOption is their customer service.