IQ Option is a well-established online trading platform that was founded in 2013. The company is headquartered in Cyprus, with its main office located at The Colony House, 41 Nevis Street, Saint Johns, Antigua and Barbuda. IQ Option operates as a private entity, and it has quickly become one of the leading brokers in the online trading industry.
The broker primarily serves a diverse clientele, including retail traders and investors interested in various financial instruments. Over the years, IQ Option has expanded its offerings, initially starting as a binary options broker and later diversifying into CFDs, forex, cryptocurrencies, and other asset classes.
Key milestones in the companys development include the acquisition of a license from the Cyprus Securities and Exchange Commission (CySEC), which has helped enhance its credibility in the financial markets. As of 2024, IQ Option boasts over 50 million registered users and executes approximately 1.4 million trades daily. The broker's business model focuses on retail forex and CFD trading, allowing clients to engage in leveraged trading across multiple asset classes.
IQ Option operates under two distinct entities. The primary regulatory oversight comes from CySEC, which licenses IQ Option Europe Ltd. under license number 247/14. This regulation ensures that the broker adheres to EU directives, providing a level of protection for traders within the European Economic Area.
However, the international entity, IQ Option Ltd., operates without regulatory oversight, which raises concerns regarding fund safety and transparency for clients outside the EU. The lack of regulation for this entity means that traders may not have the same protections as those trading under CySEC.
Client funds are maintained in segregated accounts, ensuring that they are kept separate from the broker's operational funds. Additionally, IQ Option complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring clients to verify their identity before trading.
IQ Option offers a wide range of trading products, including:
IQ Option frequently updates its product offerings, introducing new instruments based on market demand and trends. The broker focuses on retail trading services, providing a user-friendly experience for individual traders.
IQ Option has developed its own proprietary trading platform, which is available on various devices, including web browsers and mobile applications for both iOS and Android. The platform is known for its intuitive interface and user-friendly design, making it accessible for traders of all experience levels.
However, IQ Option does not support MetaTrader 4 or 5, which may be a drawback for traders who prefer those platforms. The proprietary platform includes advanced charting tools, technical indicators, and a built-in chat feature for community engagement.
The execution model used by IQ Option is Market Making, which means that the broker acts as the counterparty to trades. This model can create potential conflicts of interest, but IQ Option has implemented measures to ensure fair trading practices.
IQ Option offers several account types to cater to different trading needs:
The leverage offered by IQ Option varies by asset class, with forex leverage reaching up to 1:500 for non-EU clients. The minimum trade size is $1, and the broker charges a monthly inactivity fee of €10 after three months of account dormancy.
IQ Option supports a variety of deposit methods, including:
The minimum deposit requirement is $10, and deposits are usually processed instantly for e-wallets and cards, while bank transfers may take 3-5 business days. Withdrawals can be made using the same methods, with processing times typically ranging from 1 to 3 days. A withdrawal fee of $31 applies for bank transfers after the first free withdrawal.
IQ Option provides robust customer support available 24/7 through various channels, including live chat, email, and social media. Support is offered in multiple languages, ensuring accessibility for a global clientele.
The broker also offers a range of educational resources, including:
These resources are designed to help traders improve their skills and make informed decisions.
IQ Option serves clients in over 100 countries, with a significant presence in regions like Brazil, South Africa, and India. However, it is essential to note that the broker does not accept clients from several jurisdictions, including the United States, Canada, Australia, and certain countries in the Middle East.
The platform's availability may vary based on local regulations, and potential clients should verify the legal status of trading with IQ Option in their respective countries.
In conclusion, the IQ Option broker stands out in the trading industry for its user-friendly platform and diverse range of trading instruments. While it offers significant advantages, such as low minimum deposit requirements and a robust educational framework, potential clients should be aware of the regulatory landscape and the inherent risks involved in trading on unregulated platforms.
FX7838653972
Thailand
Unable to withdraw. The withdrawal transaction took longer than the specified time and the withdrawal order was automatically canceled without any reason.
Exposure
07-13
MatiasDiaz
Argentina
When i had the issue regarding the registration, i found out their customer service team email that i attached on the screenshot. Overall, the answer was not the fastest, i think they could definitely do better. However, i liked that the answer was full of details with a step by step guidance to help me out. In the end, they resolved my problem, so i can’t really complain about the quality of their staff.
Positive
07-10
FX2543977154
Chile
I trade here long time already, and when I get something to clear out, always contact their support. They are always prompt and on duty. Really great support. I know for many this doens’t mean a lot, but it says a lot about the platform. Truly professionals and always take care of their clients. Not many broker do that, so I feel good with them
Positive
2d