IQ OPTION Forex Broker

IQ OPTIONReview SummaryFounded2007Registered Country/RegionAntigua and BarbudaRegulationNo regulationMarket InstrumentsForex, CFD Stocks, Cryptocurrencies, Commodities, ETFs, IndicesDemo Account✅Leverage/Spread/Trading PlatformIQ Option APPMinimum Deposit/Social Trading✅Customer SupportEmail: support@iqoption.comAddress: The Colony House, 41 Nevis Street, Saint Johns, Antigua and BarbudaSocial media: Instagram, YouTube, Twitter IQ OPTION was registered in 2007 in Antigua and Barbuda, which is a broker focusing on forex, stocks, cryptos, commodities, ETFs, and indices markets. It provides a free demo account and a social trading platform for traders to communicate. However, this company is not regulated, and it does not reveal details about accounts.Pros and ConsPros Cons Long operation timeLack of regulationDemo accounts availableLack of transparencySocial trading platforms providedNo MT4 or MT5Diverse tradable assetsLimited types of payment optionsTrading tournaments organizedInactive fees chargedWithdrawal fees chargedIs IQ OPTION Legit? No, IQ OPTION is not regulated by financial regulatory authorities in Antigua and Barbuda, which means the company lacks regulation from its registration site. Therefore, please be aware of the potential risks!What Can I Trade on IQ OPTION? IQ OPTION provides several types of products, including forex, CFD stocks, cryptocurrencies, commodities, ETFs, and indices.Tradable Instruments Supported Forex✔Commodities✔Indices✔CFD Stocks✔Cryptocurrencies✔ETFs✔Bonds❌Options❌Futures❌IQ OPTION Fees IQ OPTION charges an inactive fee of 10 EUR if the account remains inactive for 90 days. Besides, it also charges termination fees, which can be up to 5 EUR.Trading Platform IQ OPTION uses its own trading platform, and it does not support MT4 or MT5.Trading PlatformSupported Available Devices Suitable forIQ OPTION APP✔PC, web, mobile, mac/MT4❌/BeginnersMT5❌/Experienced tradersSocial Trading IQ OPTION provides a trading community platform, which enables traders to communicate and share their experiences.Deposit and Withdrawal IQ OPTION supports electronic payment systems, bank cards, and wire transfer options. Besides, traders can have a free withdrawal per month.Withdrawal Options Minimum Withdrawal Withdrawal Fees Withdrawal Processing Time VISA/MasterCard2 EUR/GBP/USD2%, max 30 EUR/25 GBP/30 USDInstantTrading Tournaments IQ OPTION holds different types of trading tournaments, and the prize pool varies. Take the current tournament for example, the prize pool is $3,000.