IQ Option Review : One of the best forex brokers on the market?

Brokers are waging a merciless war on the online trading industry. The highly liquid forex, CFD, and cryptocurrency markets are attracting a lot of attention. It can quickly become complex to know who to trust with your money. IQ Option is often at the top of the rankings of the best online brokers.

What advantages have created its good reputation? What features make the trading platform stand out ? Is IQ Option Trading trustworthy or a scam? Discover our IQ Option opinion to get your own idea.

IQ Option is one of the world’s leading online trading platforms. Seize your chance to trade a wide variety of instruments, using top-notch instruments and analysis tools. Join now!

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Fund Security
Customer service
Training
Yield

PROS

Easy to use
Customer service available during the day
Hundreds of assets available

CONS

Easy to use
Customer service available during the day
Hundreds of assets available

*IQ Option offers a huge range of stocks and cryptocurrencies to trade*

Overview on IQ Option Broker

The broker is rather recent to the market since its commercial launch only dates back to 2013. Faced with competing brokers that have been established for much longer, IQ Option Broker has chosen, from the outset, to position itself certainly on the forex, equity, index and materials markets, in the form of CFDs, but also in the binary options and, above all, cryptocurrency sectors. On these assets in particular, the broker has stated its intention to become the undisputed leader in trading Bitcoin and other digital currencies. The number of opportunities in this area leaves no doubt.

In our opinion, IQ Option enjoys an excellent popularity rating thanks to its policy of opening up to a very wide public. Both novice and experienced traders find motivation and reason to continue trading with the broker. The minimum deposit to a real money account is set at €10. Positions can be opened for as little as €1. Once again, ideal trading conditions for the more timid or small holder.

Security is at the heart of how the best cryptocurrency and binary options broker works. Segregated accounts, strong authentication and encrypted transactions are just a few examples of the protection afforded to funds and customer data.

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Regulation of the broker IQ Option

On this point, no worries for traders. The forex platform is licensed by CySEC, the Cyprus Financial Markets Regulatory Authority. It is the gateway for the broker IQ Option for the whole of Europe: Germany, France, Great Britain, Slovakia, Croatia, Spain, etc. This is the legal entity IQ Option Europe LTD. For countries outside the EU, another legal form, IQ Option LTD, which is not regulated, is domiciled in the Seychelles. The broker is accessible in 178 countries including South Korea and China.

IQ Option how does it work?

How to open a trading account?

Like many other forex brokers, IQ Option offers a quick and easy way to open a trading account. From the home page of the site or the mobile application, one click on the Register button, and a form to fill in with your personal data. Even faster though, the CFD broker offers registration via your Google and Facebook accounts.

Still similar to many other brokers, the trader chooses to start their financial activity in an IQ Option Demo account, or to finalise the registration by sending supporting documents and making a first deposit of at least €10. The documents requested are essentially a valid identity document (passport or identity card of the resident country) and proof of recent domiciliation (a tax return for example).

Please note that IQ Option broker is not authorised in all countries. For example, regulations in the United States, Russia, Canada and Japan prevent the forex broker from operating in their territories.

The different IQ Option client accounts

IQ Option Demo

IQ Option Demo is the demo trading account offered by the broker. It’s a very interesting opportunity, in our opinion, to get to grips with the online trading platform and to practice with the various features and any IQ Option strategy, without taking any of the risk. At the same time, each IQ Option tutorial, online course, or live trading session are there so you could take advantage of them and train for free.

With a capital of 10k€ renewable, it is then much easier to progress, consolidate your knowledge and get the most out of the broker. Thus, once you have switched to a real money account, risk management is optimal.

Retail Account

This is the account for non-professional (or retail) traders. The volumes traded are smaller, and the protection of transactions is greater. This is the Retail account where investors can start trading from €10, with a minimum position of €1, the lowest price on the market. Funds covered by the ICF, 70 assets available and no access to binary options (in compliance with CySEC regulations). This is a limited offer but a serious, secure and very qualitative offer.

Business Account

IQ Option has chosen to offer a trader account totally dedicated to real online stock market professionals. The protection is less on the financial operations part, but the opportunities are greater. Professional accounts must deposit a minimum of €3,000. They obviously have access to the features of the Retail account with additional benefits: personalised account manager, priority validated withdrawals, detailed monthly reports showing performance, full access to the instrument catalogue, technical analysis and advanced trading tools.

IQ Test Option: platforms and functionalities

In order to get a more pragmatic idea of the trading experience, we carried out a complete IQ Option test: the different supports available, the innovations and particularities of the CFD broker.

Available trading platforms

The forex broker offers its traders a very comfortable trading experience with multi support platforms: Windows, MacOS, web browser and mobile application. From the demo account, investors benefit from an intuitive, responsive and reliable interface. However, it should be noted that the functionalities are available depending on the type of account held. In hierarchical order, a professional account has access to all the functions and assets available; a retail account is limited in its analysis and the number of opportunities; the demo account further reduces the range of possibilities.

The broker has chosen to streamline the tools according to the skills and objectives of his clients. The more professional traders are, the more they use advanced analysis. The leverage mechanism is amplified between a normal account and a VIP account. It can go up to 200:1, which is very significant. The amount of profits can skyrocket. And losses can drop quickly. Leverage should be handled with care and intelligence.

On each platform, the opening of a position can be done directly on the chart. As a Market Maker, the data offered is based on real time trends. The interfaces are fluid and recognised for their transparency and ease of use. IQ Option guide provides a complete presentation of the possibilities offered.

Automatic trading with IQ Robot

Automatic trading is an area in which many brokers have broken their teeth. IQ Option has developed its own Expert Advisor (EA), which makes trading possible with little or no client intervention.

IQ Robot is the remarkable innovation of the CFD broker. It is an automatic trading robot, which, once properly configured by its user, autonomously generates the opening and closing of positions. The objective of the IQ Robot is to generate maximum profit, while keeping the direction determined by the IQ Option strategy that the trader has defined in advance: type of financial markets targeted (shares, Bitcoin or other crypto currencies, forex, etc.), desired level of risk, percentage of capital invested, etc.

The minimum initial investment is €100. This may seem high at first glance. However, the returns are very positive about this EA, with its powerful algorithm. This 100€ would quickly pay for itself, without much effort.

What are OTN tokens used for?

OTNs are another bonus in kind offered by IQ Option. Investors in cryptocurrencies, including Bitcoin, are rewarded with OTN tokens. These tokens are the result of a partnership between the broker and the specialised site The Open Trading Network. A sort of ranking, piloted by the 2 entities. Each week, the traders who have invested the most in cryptocurrencies receive their OTN token lots.

This particular currency allows them to pay commissions directly to IQ Option Broker, and should serve to simplify the sharing between the two websites in the near future. This is a bonus that can represent a real burden on the results since the cost of commissions can be significant. Especially on IQ Option Bitcoin or another digital currency.

iqoption trading screen screenshot — *Thanks to its clear interface, IQ Option makes Trading easy for everyone*

The support offered by the broker IQ Option

Customer service

The feedback about the IQ Option customer service is absolutely positive. The seriousness and professionalism of the customer advisers is highlighted.

The multilingual platform provides contact persons in 10 different languages. The telephone platform can be reached in English, Spanish and Portuguese, with international toll-free numbers, depending on the desired language. 91 members who are experts in trading take turns dealing with clients. You should never find yourself without a relevant answer.

It is possible to contact the sales department by email: support@iqoption.com, or to open a ticket via the dedicated space in the customer area.

The broker does not hesitate to display its performance and reactivity: an average of 46 seconds for telephone support, tickets are processed in a maximum of 24 minutes.

Of course, professional account investors benefit from the personalised monitoring of the dedicated manager, which further enriches the experience.

Training corner

A plethora of training materials is offered to investors at all levels. First of all, the FAQ is a mine of very rich educational resources. Clients can discover and deepen their knowledge of a large number of trading themes. Particular care is taken with the platform’s basic functionalities (withdrawal, deposit, position opening, etc.) to avoid overloading customer service. All key functions are explained effectively: How to make deposits? How to request withdrawals? How does the account work? Are there any VIP benefits? The usefulness of leverage etc.

We have already highlighted this. IQ Option demo is an essential moment to test the interface and practice the finer points of trading on the financial markets.

Expert articles are regularly offered to better understand the workings of the Exchange. Relevant analyses of economic news ensure that no opportunity is missed.

Finally, IQ Option keeps a very rich blog. Experts and stock market analysts post about various subjects and themes: investment strategies, money management, IQ Option’s Guide to Getting Started on the Stock Market. A wide variety and an indisputable pedagogy animate the training courses.

Other tools are used to assist in decision-making and good risk management:

Traders’ Mood which offers stock market trends and hot spots to watch;
Live Deals, which are live trading sessions led by an IQ Option expert, which represent a perfect opportunity to collect profits in a supervised manner.

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Financial products

IQ Option Trading offers its clients a very large number of financial instruments. We will list the major groups of assets ready to be traded on the different platforms :

188 currency pairs for Forex, of which 57 of the most popular are EUR/USD or GBP/USD;
Millions of opportunities via binary options, which combine all stock market product families;
14 crypto currencies including Bitcoin, Litecoin, Ripple and Ethereum;
Nearly 7,500 listed companies are accessible with the broker via equity CFDs;
Finally, nearly 4,300 ETFs (or trackers) allow you to speculate on assets such as commodities, stock market indices or predefined baskets of shares.

Mobile version

The broker was able to find his way to the top of the rankings thanks to its mobile application, which is appreciated by all traders. Each trader finds, in the palm of his hand, a range of tools and opportunities to ensure that he does not miss any opportunity to manage his portfolio in his best interests. Reliability, security and simplicity are the hallmarks of this FinTech concentrate. Everything is done for the comfort of clients: real-time charts, technical analysis, trading indicators and signals, and online training. Downloadable from the App Store (iOS) and Google Play (Android), the IQ Option mobile application is popular with investors around the world.

Depositing and withdrawing money

The payment methods offered are numerous and subject to the same strict encryption protocol:

Visa and Mastercard ;
Bank transfer;
Ewallets Skrill and Neteller ;
Local electronic wallets: Sofort / Klarna

Many currencies are accepted, starting at 10€. An account validated and verified by support is a user profile that allows funds to be withdrawn. There are no fees for deposit and withdrawal operations. Processing times vary according to the type of payment method. Maximum 5 days with bank transfer, instant for Skrill and Neteller. Other fees may appear on your withdrawals. They are only charged to the bank operators.

IQ Option brokerage fees to be expected

The IQ Option brokerage fees are an additional argument to be credited to the broker. The very aggressive pricing policy, based on spreads (calculated in pips) and commissions (measured as a percentage of the transaction), is a rallying point for cautious investors and those who wish to maintain a large trading margin. It is often acknowledged that the binary options broker is one of the cheapest in the segment.

Spreads vary depending on the asset concerned. For example, currency pairs are taxed at a few pips. Cryptocurrencies are subject to higher charges. Equities, on the other hand, are subject to commissions (in percentage terms) at different stages of the position.

Beware of exchange fees of around 3%. Trader accounts that are inactive for more than 90 days are charged €10 per month.

As mentioned above, there are no fees on deposit and withdrawal transactions. However, it is possible to request a withdrawal from as little as €2. If you make a withdrawal by bank transfer, a fixed fee of €31 is charged.

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Avis IQ Option: a reliable forex broker to invest your money?

There is a great deal of information that tends to prove that IQ is a reliable option for investing your money. Nevertheless, there are some dissonant voices pointing to structural and/or commercial dysfunctions. There are even rumours of accounts receivable simply being deleted without any further explanation or possibility of recovering the balance. It is worth remembering that trading, especially in binary options, is a dangerous financial activity. This is why the broker has made the choice to give only its professional clients full access to all available products. With greater risk management tools as a counterpart.

accounts numbers iq option — *Numbers do not lie, IQ Option keeps gaining in popularity*

While little credence is given to these negative feedbacks, which imply that one of the best brokers is an obvious scam, a majority of clients seem delighted with their experience on the platform. The training is very qualitative. The customer service is particularly efficient. The IQ Option financial experts give valuable advice, which often proves to be profitable.

All these indicators explain very well why the CFD broker can be found on several specialised sites among the best online brokers of the moment. Technical innovations – IQ Robot and OTN tokens – are no stranger to this success. IQ Option has a very favourable opinion.

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