IQ Option Review
WARNING: This material was not created for use in the EEA countries. Binary Options are not recommended or sold to retail traders within the EEA. Please leave this page if you’re not a trading professional in one of these countries.
This is the occasion for us to examine the opinions we have compiled regarding the IQ Option online brokerage. We have combined our experiences with the broker with the opinions we have discovered on the Internet, extracted from comments on blogs and specialized forums where participants have traded with this company.
We recommend you to also review our in-depth review : IQ Option Reviews if you don’t know the features IQ Option.
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- 1 What is IQ Option?
- 2 Opinions on the trading platform and IQ Option
- 3 Trading platform for desktop computers
- 4 Mobile trading app by IQ Option
- 5 Opinions on the IQ Option service
- 6 Trade Accounts
- 7 Access Requirements
- 8 Customer Service
- 9 Conclusions
What is IQ Option?
IQ Options was founded in 2013 as , a binary options broker. It has grown to offer a variety of financial services over the years. Today, it is a broker that allows investors to invest in Forex and cryptocurrencies like Bitcoin and Ethereum.
It is a highly-respected financial broker that has years of experience providing support and services to traders from many countries around the globe.
It has experienced remarkable growth since its inception, which is a testament to the trust that many clients have placed in this broker. It currently has more than 80 million registered users, with an average of over 1 million open operations per days and a monthly position volume of 290 million USD
IQ Options is distinguished by a number of things. It offers a powerful trading system, a demo account with $10,000 balance, and the minimum deposit and minimum trade requirements are more accessible (a minimum deposit of $10 to open a real account, and a minimum investment of EUR1 per operation ),…).
All kinds of opinions are generated by the popularity of IQ Option, a broker that offers trading options. Many times, these negative opinions can be attributed to the trader’s lack of knowledge, mistakes made by him, or technical or other problems.
Other times, well-argued criticisms will be made and negative comments made. These comments address aspects that the broker should improve.
We decided to create this opinion article on IQ Option in order to determine what level of quality it has and which traders it is more or less suitable for. Less is recommended.
We have first found many opinions on IQ Option. These have been reported to Trustpilot and removed from their portal. If negative opinions have at least a minimal foundation, this portal will not erase them.
IQ Option can, however, improve based on certain factors, just like any other online broker. LoValoramos gives it a general rating, which is 8.5. It doesn’t reach outstanding, but it’s close.
All the reliability and service factors which we will be discussing in greater detail below (based upon existing opinions), The IQ Option offers the following:
- Interactive graphics that allow for technical analysis of the market.
- Market information: News and trends
- Economic calendar and results
- Training video tutorials.
- Different types of orders can be launched (market, limit or stop loss). ).
- Allows for the use of trailing stops
- You can set alerts.
- One-click trading.
- Trade online or from your mobile device.
Let’s look at the advantages and disadvantages that IQ Option has in parts.
Opinions on the trading platform and IQ Option
The trading platform, that IQ Option offers to its clients, is one of the most valuable factors. This tool is exclusive to IQ Option.
These brokers, which started out as binary options brokers, used to offer clients a trading platform developed by another company. One example of this was the SpotOption platform, which was offered by over 250 brokers. There are virtually no differences between brokers, so it can be difficult to decide which broker to use. IQ Options started off on a different path. developed its trading platform that is tailored to its customers. This gives you greater flexibility to add new features and offer other features.
When evaluating online brokers, the trading platform is the most important element. Good online trading platforms are defined by their interface, ease of use, and power.
The IQ Option trading platform can be proudly described as a broker’s greatest asset. It has an appealing design and an easy-to-use interface. It also provides all the functionality necessary to create an efficient operation.
- Multi-chart platform with customizable charts
- A wide range of analysis tools (advanced)
- Chat and technical support are available immediately.
- Visualization of market analysis, news and other information from the platform.
- This allows for risk management, balance deposits, withdrawals, and even risk management.
- Possibility to view open positions and the operation history.
- Price alerts.
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NEW: Learn how the IQ Option broker works with the step-by–step tutorial we have prepared. You will see how the trading platform works, what tools are available, and how to open, manage, and close positions using this online broker.
Trading platform for desktop computers
The IQ Option platform can be downloaded in several languages including Spanish. To download to any computer, whether it is a or Mac with Windows 7, 8, 8.1 or 10 operating system or macOS.
To run it on a computer, you need at least 2GB of memory, but 4GB is recommended. You will also need a disk capacity of 130MB and a graphics card OpenGL 2.0 – friendly (for macOS) / Directx 9 (for Windows).
You can operate completely online without needing to download or install. You can access the platform via the Internet.
You also have the option to trade from your mobile device from any location, at any time. This is thanks to the IQ Option trading app available for Smartphones or Tablets.
Mobile trading app by IQ Option
IQ Option has its own platform for offering its financial market access services. offers a trading app to its clients. is also an exclusive broker.
Some financial markets are open from Monday through Friday, and they remain open all day. Even other financial markets don’t close on weekends (the crypto market). Mobile trading apps, also known as “mobile trading”, make it possible to manage all operations: Monitor financial markets, monitor open positions, and open and close new positions, all from your mobile device. You can access your account at all times and from any location.
The application is intended to provide all of the functionality of the platform, but only in a format that can be used on mobile devices.
It’s almost the same platform as the existing one for computer equipment, with the exceptions of the type of terminal required. opinions we see on the internet are positive, as it is one the most highly valued and awarded platforms.
Only the overall rating that this app received in the Google Play Store (4.0/5) is all we need to be aware of. Additionally, it has five-star ratings from the majority of individual reviews.
Concerning comments, there are not many users who find minor inconveniences. They often value the functionality and benefits offered by IQ Option.
The IQ Option app can be downloaded from either the Apple App Store or Google Play Store. It is compatible with Android and iOS operating systems. A hard disk space of at least 74MB is necessary.
You can see here a guide about how to download and install IQ Option x on your mobile device.
Opinions on the IQ Option service
In several sections, we will analyze the details and opinions about the broker’s service.
Trading with financial instruments
IQ Option offers its clients access to a variety of financial markets through CFDs or Options (in Europe only, FX Options only).
- Forex is an abbreviation for Foreign Exchange, also known as the currency market or foreign exchange market. Because of its liquidity and relative simplicity of analysis, it is the most popular financial market for short-term traders. trading. With the IQ Option platform, it is possible to trade 33 currencies.
- Stocks- Company stock is one of the most flexible and popular forms of trading and investment. Each share is a part of the company’s capital. It has its own characteristics, sector it operates in, management team, business strategy and market share. Profit expectations, market price, market share and market share are all factors. There is no end to strategies with company shares.
- Raw materials Also known as “commodities”, are basic products that can be standardized and traded. Each product reacts to the supply and demand conditions depending on the geopolitical or geoeconomic situation. Precious metals are a safe haven while energy products with oil in the lead can see dramatic moves. Each raw material is unique.
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- Cryptocurrencies are one the most exciting markets. Anyone who can manage their volatility will find many opportunities in cryptocurrencies. Cryptocurrencies are a new kind of financial asset that has an exchange price on the market. This market is open seven days a week, 24 hours a year. IQ Option currently offers 12 major cryptocurrencies.
- Options: The IQ option was created as a binary options broker. This type of financial instrument is still available in some countries. Binary options can be traded on the IQ Option platform in Latin America, Asia, and other countries where binary option trading is legal and allowed.
- Funds: An ETF (Exchange Traded Fund) is an investment fund that has its shares listed on a Stock Exchange. An entire portfolio can be purchased as though they were company shares. These ETFs allow for more diversification and flexibility in the operation of investment funds. IQ Option currently has 23 ETFs.
Next, we’ll see which trading accounts are offered by IQ Option broker.
Live trading account with IQ Option
This account is designed to allow retail customers to access the financial markets discussed in the previous section. The IQ Options trading account provides trading conditions that are consistent with the broker’s trading policies.
leverage (or multiplier as brokers call it) varies depending on which financial instrument you trade. For instance, in Forex markets, the maximum leverage is 1:1000 for currency pairs, 1:5 for cryptocurrencies, 1:50 for commodities, and 1:20 for stocks.
The commission conditions are comparable to those found in similar brokers to IQ Option.
IQ Option demo account
Demo accounts are trading simulators in which you can practice using fictitious money, without taking on any risk.
All operating conditions, analyses, and operations of the platform are the same. The only difference between IQ Options demo account and the real account is that capital to invest is virtual and not real. The gains aren’t real but the losses are not.
This tool is used to test strategies and review broker conditions. It’s very helpful to complete the training and gain experience with short-term financial investment.
This opinion shows that the demo account uses the same platform, same conditions, and same type of orders. According to the user, it has been a great tool.
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Any trader can use a demo account. Beginners are fine-tuned before moving to real trading. More experienced traders keep testing new strategies and perfecting them in this type simulator.
This comment from the x-Trader forum shows that a trader is making consistent profit on the demo account before deciding to move to the real account. It could be explained that he has completed his internship and has developed and perfected his trading strategy.
A demo account with IQ Option is available free of charge and for an unlimited period. It also comes with a reloadable balance $10,000. It’s easy to open and the whole process can be done online from the IQ Option website. They don’t ask for any personal information.
(*) Risk warning: Your capital may be at risk
Trading with IQ Option is easy and possible. This account can be opened by any who is of legal age and has the ability to contract. To open an account, you only need Internet access and a terminal (computer or mobile device). Both the opening and operation of the markets can be done entirely online.
To trade in reality, all you need is a small capital. IQ Option lets you open a trading account with a minimum deposit of $10.
InversionEnBolsaWeb has created a real experience that includes opening an account with IQ Option. You can see the entire process here. Click the link below to see how it went.
This is an essential aspect of working with any online broker.
There are many ways that a trader can contact IQ Option if they need assistance of any type (technical issues, doubts, etc.). Some opinions highlight the good functionality of the platform, despite the fact that customer service may not be the most valued feature of the company.
IQ Option is an international broker that offers customer service in many languages, including Spanish
There are many other channels to contact, including a phone number. IQ Option offers an online chat and email contact.
According to the broker, live chat support takes 30 seconds on average. Telephone support is available 24 hours a week, 7 days a week. This service is part of the quality policy of IQ Option, which aims to consolidate itself as one of the most trusted trading platforms.
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Support services and training for traders
You will also find all the services you would expect from an online broker such as the platform and market news and information. IQ Option offers a series of video tutorials about trading and platform management on its website.
These videos can be divided into different sections:
- Frequently Asked Questions (Essential)
- CFD Trading
- Market news.
- Fundamental analysis.
- Technical analysis
- Trading with leveraged products: Basics
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Opinions on the reliability of IQ Option
After analyzing the elements relating to the broker’s service, conditions, and the advantages , it’s time to question whether IQ Option is a reliable broker.
Data about the company
IQ Option is a trading title. Behind him is IQOption LLC, a financial services company.
Its headquarters is located in Kingstown, Saint Vincent & the Grenadines, at the Hinds Building.
IQOption LLC is registered under the number 905 LLC 2021.
The company’s extensive online brokerage experience, which spans 2013 through today, is one of the most important indicators of its reliability.
It is trusted by millions of clients around the globe: The broker has more than 48,000,000 registered users in 2020.
Policy for withdrawal and deposit
Cash withdrawals and deposits are two other elements to be considered when evaluating the security of a broker. These cash operations are part and parcel of the trader’s business.
IQ Option offers several payment options as part of its quality policies. This allows the trader to choose the one that suits their needs and interests the most.
- Credit or debit card.
- Wire transfer.
The client can request any amount in his trading account. IQ Options processes your request within one day. The payment method used will determine how long it takes for the money to reach you. Some payment methods are quicker than others.
IQ Option doesn’t charge a commission to deposit funds. * Please note that currency conversion fees may apply in certain cases. Any commission paid in this respect is paid by the selected payment method and is not payable to the broker.
You can withdraw funds free of charge every month. The commission starts at 2% of the withdrawal amount, with a minimum of $1 and a maximum $30.
The issue of withdrawals and deposits is often criticized by brokers that are regulated. This is because the broker must verify the account and send documentation,…. There may also be delays if something goes wrong.
Most reviews of IQ Option cash withdrawals we found to emphasize the simplicity and speed of the transactions.
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We have been comparing all information about the operation and services of IQ Option to the opinions in the network about this broker.
We think IQ Options broker has a general opinion that is consistent with the majority of user opinions. We are very impressed with your trading platform.
(*) Risk warning: Your capital may be at risk
We’ve seen that IQ Option has been a well-known broker for many years. These characteristics have resulted in strong growth since its foundation, both in terms of clients and the number of operations performed month after month.
The benefits of IQ Option would be summarized as follows:
- The trading platform allows you to use any device, including mobile phones and computers. This tool is rated highly.
- It provides support to traders, including video tutorials, and a free, unlimited demo account.
- Cash withdrawals can be processed quickly
- You can contact them through many other channels. You can also access a complete telephone service schedule.
IQ Option, on the other hand, has some points that can improve:
- There are fewer financial instruments than other CFD brokers.
- Only you can have your trading platform.
- It doesn’t support scalping and hedging.
- Some users don’t realize that Paypal allows withdrawals and deposits.
IQ Option’s platform is perfect for beginners. However, it is not recommended for advanced traders due to its limitations.
The IQ Option $10,000 demo account is a strong feature of this broker. We also consider the affordable minimum deposit requirements ($10), and the minimum amount to invest per trading (only EUR1).
This concludes our opinion about IQ Option. We hope you found it useful. You can leave any comments, opinions, experiences, or doubts below. We are happy to help you. We encourage you to share the article on your social media so other members of the trading community have access. We are grateful.
RISK WARNING : YOUR CAPITAL MAY BE AT RISK. Financial products offered by the company can pose a risk to your money and could cause you to lose all or part of your capital. Please do not invest money you can’t afford to lose.
WARNING: This material is not intended for users in EEA (European Economic Area) countries. Binary Options are not promoted or sold to retail traders in EEA countries. If you are from one of these countries and you are not a professional client, please leave this page.