IQ Option Forex broker specializes in providing foreign exchange trading services, the company's official website https://iqoption.com/en, the company's legitimate regulatory information CyprusCYSECMarket Making(MM), to enhance the security of the company's address The Colony House, 41 Nevis Street, Saint John’s, Antigua and Barbud.
IQ Option Forex Broker
Basic information
Antigua and Barbuda
10-15 years Regulated in Cyprus Market Making(MM) Global Business High potential riskCompany profile
Overview of IQ Option
IQ Option is an online trading platform that allows individuals to trade 300+ financial instruments including Forex, Stocks, Cryptocurrencies, Commodities, and ETFs. The platform was founded in 2013 and has grown to become one of the most popular online trading platforms in the world, with over 48 million registered users across 213 countries and territories. IQ Option is owned and operated by IQ Option Ltd, which is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).
However, IQ Option has also received some complaints from customers regarding issues such as slow withdrawal processing times and account verification delays. It is important for traders to weigh the pros and cons of using IQ Option and to exercise caution when making financial decisions.
Pros and Cons of IQ Option
While the broker offers a regulated and user-friendly trading platform with low minimum deposits and free demo accounts, it may not be suitable for traders who require a larger range of tradeable assets or support for specific payment methods. Additionally, some traders have experienced issues with withdrawal processing times and customer service, which may be a concern for those who prioritize timely and reliable support from their broker.
| Pros | Cons |
| Regulated by CySEC | Limited range of tradeable assets compared to other brokers |
| Low minimum deposit requirement of $10 | No support for MetaTrader 4 or 5 |
| Offer a free demo account with $10,000 in virtual funds | Some negative reviews and complaints from traders regarding slow withdrawal processing times and customer service |
| One-page website | |
| Unclear fee structure | |
| Lack of info on deposits and withdrawals | |
| No contact channel |
Is IQ Option Legit?
IQ Option is a legitimate online trading platform that has been operating since 2013. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under the regulatory license number of 247/14.
| Regulated Country | Regulated by | Regulated Entity | License Type | License Number |
| CySEC | IQOption Europe Ltd | Market Making (MM) | 247/14 |
However, it is important to note that there have been some complaints and negative reviews about the platform, particularly regarding withdrawal issues and customer support. It is always recommended to do your own research and due diligence before investing with any broker.
Market Instruments
IQ Option offers 300+ tradable instruments including Forex, Stocks, Cryptocurrencies, Commodities, and ETFs.
| Trading Assets | Supported |
| Forex | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ✔ |
| ETFs | ✔ |
| Indices | ❌ |
| Bonds | ❌ |
| Options | ❌ |
How to Open an Account?
Opening an account with IQ Option is a breeze. Simply go to their website and click on the “SIGN UP” button.
You'll need to provide some personal information, including your email address and country of residence. You'll also need to set a password for your account. Once you've filled in all the required fields, click on the SIGN UP button and you're good to go.
But before you can start trading, you'll need to verify your identity by submitting some documents, such as a copy of your passport or driver's license, and proof of address. This is a standard procedure for all regulated brokers and is designed to prevent fraud and ensure the safety of your funds. Once your account has been verified, you can make your first deposit and start trading right away.
Trading Platform
IQ Option offers its propritary trading platform, which is available both as a dekstop version and a mobile app, making it accessible to traders on-the-go. However, popular MT4 and MT5 are not available.
| Trading Platform | Supported | Available Devices | Suitable for |
| Proprietary platform | ✔ | Desktop, Mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
FAQs
Is IQ Option regulated?
Yes, IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC).
What is the minimum deposit required to open an account with IQ Option?
Only $10.
Does IQ Option offer demo accounts?
Yes. IQ Option offers demo accounts with $10,000 in virtual fund.
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Latest Reviews
FX3753264163
Colombia
Recently I requested a withdrawal through my Visa card, and it simply hasn't arrived, what a GARBAGE APP, I used to think that people simply didn't know how to use the broker, but what a garbage APP
Exposure
03-01
FX3952456621
Colombia
I was trying to withdraw and now the platform is asking me to verify all the cards with which I have made deposits over time, that is, they are asking me for cards from more than 4 years ago from accounts that I have already deleted or simply lost. It's a scam because they don't give me any other option to withdraw my money, those rats.
Exposure
02-14
FX7091758362
Venezuela
I have nearly a thousand dollars held in IQ OPTIONS, they tell me they are reviewing the account, verifying the information; when I have been verified for almost a year. They do not respond clearly. I have not been able to withdraw my profits for over two weeks. I complained and now they do not allow me to trade, withdraw; practically they want to close my account and keep my profits.
Exposure
2025-03-12