IQ Option is an online trading platform that enables customers to trade a variety of financial instruments and assets such as Binary Options, Stocks, Forex and of course Cryptocurrencies.

Founded in 2013 and operated by IQ Option Ltd, the site has quickly became one of fastest growing online trading platforms and claims to have over 20 million account holders from around the world.

IQ Option is also based in Cyprus and regulated in the EU by the Cyprus Securities and Exchange Commission (CySec), the company is fully compliant with the legislation put forward by the commission and fully authorized to sell their products to clients in a number of jurisdictions.

Risk Warning: Your capital might be at risk.

Click to Visit IQ Option

Take a look below as we walk you through the site and offer our full review of the service.

What it Offers

IQ Option is a comprehensive trading platform that provides its users with a wealth of alternatives, and after starting out as a binary options broker, IQ Option now allows customers to trade Contracts for Difference (CFDs) on stocks, Cryptocurrencies, Exchange Traded Funds (ETFs), Forex, and a range of various digital options.

  • CFD on Stocks – IQ Option allows users to trade CFDs on stocks from over 7485 different companies, including the most successful businesses listed on the NASDAQ and NYSE.
  • Cryptocurrencies – Users can also trade 12 of the top cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, Monero, Zcash, Omisego, IOTA, and Dash.
  • ETFs – EFT trading is a relatively new product, and ETFs work by tracking commodities, indices and baskets of assets. These can be traded in the same way as common stocks, and traders can choose from approximately 4288 different ETFs.
  • Forex –FX trading, or Forex, is an extremely popular trading market and IQ Option provides access to around 188 currency trading pairs. This allows users to trade their favourite foreign currencies with ease.
  • Options – Users can speculate on the price of a number of different assets, which include currencies, stocks, indices and commodities. The platform currently provides a gateway to over 10 million options.

IQ Option Review

Demo or Live Accounts

For users interested in testing out the platform, there is demo account facility that comes with a renewable supply of virtual funds. IQ Option requires a low minimum deposit and new traders can start off by just depositing $10 in order to gain access to a live account, there are currently two trading account options:

  • Real Account. This can be accessed with the $10 minimum investment and there are no restrictions on trading functionality. This account provides access to over 70 assets and users can request withdrawals that are processed within 24 hours. Real account holders can also take part in various trading competitions held on the platform ( customers outside of the EU ).
  • VIP Account. This is available to all traders who deposit more the $3,000. In addition to the features found on the real account, the VIP account also includes a personal manager who is always ready to assist traders with any queries and issues. The VIP account also comes with a monthly report on user trading records, which is performed by the platform’s analysts and gives customers valuable feedback on their performance.

How to Signup

The best way to get started is to sign up via Facebook, Google, or to simply create an account by using an email address. After inputting your details and creating a password you can proceed.

When this is done you can immediately use your practice account or top up your real account before moving on to live trading. A pop-up will notify you of the creation of both your practice account and real account.

Registered

IQ Option has developed its own proprietary platform and this makes navigating the site an enjoyable experience. The platform has been generally well designed with an intuitive approach and it’s quite easy to locate all the various tools and features. The free demo account also provides users with the possibility to trade with all of the underlying assets. As a result, there are a variety of options regarding types of trades and users can quickly switch between their preferred assets. The platform also offers a range of charting tools such as Bollinger bands and moving averages which all help enhance trading capabilities.

Trading View

Users can also easily search for their favorite cryptocurrencies and analyze all of the most relevant and up to date information. In addition to offering Bitcoin and Ethereum, IQ Option also offers at least 10 other cryptocurrencies to trade. These include Dash, Ethereum Classic, IOTA, Ripple, Litecoin, and Monero.

Trading View

Risk Warning: Your capital might be at risk.

The interface also provides easy to find links to chats, trading history, and customer support, and in the event of any issues, users can quickly open up a dialogue with the support team. Another standout feature is the resources section that provides access to training and education materials. A number of short training videos are integrated into the site and traders can access these resources without having to leave their training accounts.

The demo version of trading platform is also the same as the live version, and traders can improve their skills by using the $10000 of virtual funds that come with the practice account. Even if things go badly, these funds can be replenished, giving traders a consistent pool of funds to practice with.

Types of Orders and Stop Loss Tools

As is expected of modern trading platforms, IQ Option gives traders a range of order types to reduce risk and customize the trading experience. The variety of order choices lets traders create strategies that are short-, medium-, or long-term and featuring a variable return. Multipliers let traders increase the risk level for an investment with a corresponding increase on the return.

Stop loss orders let traders set maximum losses that they will accept, automatically closing the trade if it is triggered. Take profits do the same thing but when the trade reaches the profit you specify. A trailing stop will lead to dynamic operation of an auto-close at loss, moving with the price in the direction the trader indicates. Purchase at preorders lets traders set a price at which enter the market.

To supplement the order types, IQ Option offers a range of tools for setting stops and take profits. While most brokers just let you select the asset price, IQ Option lets you set the take profit or stop loss at either a percentage, numerous loss, or specific asset price. There is also the choice to apply the dynamic stop loss or trailing stop and the ability to use the balance to keep a position open if it exceeds the stop loss.

Additional Features

IQ Option places a good amount of focus on its users and the platform enables customers to trade with confidence by incorporating a number of features that greatly enhance the overall trading experience. These include:

Payment Options

IQ Option offers its customers a number of ways to make deposits and withdrawals to and from their trading accounts. Users can currently use debit services such as Maestro and Visa Electron, or credit cards like Visa and Master Card. Customers can also use a host of payments processors such as Skrill, WebMoney, Cash U, Neteller and Moneybookers. There is also the option to process payments via Wire Transfer and the current minimum withdrawal amount is $2, while the estimated time to withdraw funds is 1 business day.

To make your first deposit, you will need to go through the account verification process which in the EU involves adding your phone, personal information, adding your trading experience and uploading photo identification. Different countries will have different requirements and also will need verification to make withdrawals from the site.

Verification

Mobile Integration

IQ Option offers a mobile web trading solution in addition to a specific mobile application, which gives users greater flexibility regarding mobile trading options. The app has a clean, intuitive graphical interface and is easy to use; it also has most of the charting options found on the standard platform. The app also provides push notifications, and users can set key trading levels which result in alerts any time these levels are breached. The app works on tablets as well as smart phones and the platform is available to both Android and Apple iOS device holders.

IQ Option Mobile Apps

Trading Competitions

If you are outside the EU, then Customers are provided with the chance to test their skills against other traders via a number of Binary Option tournaments. These frequent tournaments are usually around 30 minutes in length and require a small entry fee. After signing up, users are given $10k in virtual funds and at the end of the competition; the trader with the highest returns wins a prize.

The prize can be fixed or be related to the number of people who entered the tournament, and at best allows the winner to receive a payment of up to 100x the entry fee. If users deplete their virtual funds, they can buy in again and continue to take part in further tournaments. This provides users with an interactive way to test their trading capabilities as well as pick up new trading techniques.

As always, please note it is possible to lose your entry fees when taking part in competitions.

Education and Training Resources

IQ Option also makes a wealth of data available for all its users, and the site incorporates training resources that can benefit both newer and more experienced traders. These include various trading videos, as well as webinars and tutorials. Users also have access to a number of e-books and an FAQ section that covers the most common questions. These training materials provide valuable information to for traders of different abilities and experience.

Customer Support

IQ Option allows users to contact the support team via email, contact form and a chat function. The site claims to respond to all queries within 46 seconds and aims to resolve all tickets within 24 minutes. There are currently around 83 customer service specialists on the team and traders who require a more personalized service can upgrade to the VIP account which comes with a personal account manager.

Customer Support

IQ Option retains an international focus and aims to cater to traders from around the world. The platform offers the possibility to trade in a variety of different currencies such as USD, GBP, EUR, Yuan, RUB, TRY, IDR and MYR. In addition to this the site also provides support in languages such as English, French, Italian, Spanish, Portuguese, Chinese, Korean,  Arabic, German, Turkish, Thai, Hindi, Urdu and Norwegian.

However, due to a variety of different regulations, the site does not provide its services to citizen or residents of the United States of America, Australia, Canada, Belgium, Israel, Palestine, Japan, Sudan, Syria, Iran, North Korea or Russian Federation.

IQ Option also adheres to the required standards of identification and users should note that when they register for a trading account they must provide their personal data and verify their email address and telephone contact number. Potential users who are unable to do this will be unable to complete their account registration.

  • Also after funding your account, you will be asked to provide further personal information in order to complete your account verification. IQ Option will expect to receive copies of identification documents such as:
    Passport or National ID Card issued by a Government Authority
  • Proof of Address in the form of a Utility Bill or Bank Statement is required from EU residents.

Is IQ Option a Scam ?

While carrying out this review and researching other people’s opinions online, we found a number of complaints from people calling the site a scam. Some reasons mentioned are that they disabled a person’s account which didn’t allow them to withdraw their balance and a lot of disgruntled people who seem to have lost money trading on the platform.

But we also found overwhelming number of positive comments about the company which seems to point that the few who have had problems with them are the more vocal people online.

In our view there is absolutely no way this company can be considered a scam, the company is a tightly regulated business with a high revenue turnover, official business premises and high quality website and trading software.

Is IQ Option Safe?

In addition to practices such as maintaining segregated accounts for client funds, IQ Option offers security in several other ways. Unsurprisingly, the broker has full SSL encryption. As such, all communication that traders send to the broker’s servers is encrypted in a way that meets AES 256 Bit encryption standards. That encryption limits the ability of hackers to access information, letting IQ Option supply added protection of both client funds and information.

Demo Account

As mentioned, IQ Option offers a demo account in addition to live accounts. This free demo account gives traders the opportunity to test out the platform and work on strategies without any risk. The demo account includes $10,000 in virtual funds and does not have any time restrictions. If you deplete your virtual funds at any point, IQ Option will replenish it for you. The fact that this demo account does not have a time limit sets IQ Option apart from competitors since most brokers only offer demos for a short period. This unlimited time frame means that even experienced traders can use the demo account to test out new trading strategies without risk.

Hodly Wallet

Recently IQ Option launched a new product for people who wish to invest in Cryptocurrency and own the assets themeselves, The Hodly Wallet which we covered in more detail here is a Cryptocurrency wallet for purchasing the following currencies : XRP, ETC, BTG, ZEC, OMG, NEO, OTN, XLM or TRX.

Hodly Review

You can connect your bank account or pay with Debit or Credit card. Its a very nicely designed app which you can access via mobile or desktop and allows you to purchase, store and sell your cryptocurrencies back to the fiat currency of your choice.

History of IQ Option in Numbers

As mentioned, IQ Option was founded in 2013. Since then, the broker has grown considerably and includes specific figures on its website to help show its growth. Starting with the number of active users, there were 8,110,000 registered users in 2015, which had nearly doubled to 14,680,000 by 2016 and reached 25,580,000 in 2017. This represents registered user growth of a whopping 17 million just between 2015 and 2017.

Not only did IQ Option have an expansive growth in active users, but the countries that these traders were from increased. In 2014, IQ Option had traders in 135 countries, growing to 148 countries in 2015, 150 in 2016, and 151 in 2017.

IQ Option also lists the figures related to trades throughout the years. Between 2013 and 2014, the number of daily transactions increased by nearly 70 times. Between 2015 and 2017, this figure grew another 2.5 times. For those interested in specifics, 2015 had an average of 646,000 transactions each day, which increased to 956,000 by 2016 and 1.8 million by 2017.

IQ Option Statistics

Or you can look at the figures representing growth in terms of trading volume per month. Between and 2017, this figure increased by about 23 times. In 2014, the figure was $16 million, which became $89 million, an increase of 5.5 times in just a year. By 2016, this was $184 million, more than doubling in just a year. Between 2016 and 2017, the monthly trade volume increased to a whopping $380 million. This means that for two consecutive years, IQ Option doubled its monthly trading volume.

That trading volume does not all stay inside the platform. Instead, there is also an increase in the amount that traders withdraw from the platform each year, showing that the active users are truly earning money. In 2015, traders withdrew $1.5 million per month, which became $5.8 million in 2016 and $10.8 million in 2017. In other words, 2017 saw 1.8 times more money withdrawn by traders from IQ Option compared to the previous year.

It is also worth noting that these withdrawals have increased in speed. In 2016, IQ Option made changes to offer instant withdrawals. This allowed for 68 percent of withdrawal requests to be processed immediately. Now, the average time for processing a withdrawal from IQ Option is just one day. The order processing has similarly improved, now averaging just a second.

IQ Option Trading Volume

IQ Option also offers indications of how its customer support has improved over the years. When chat support began in 2014, there was an average wait of 7 minutes for a reply in chat, which decreased to 4 minutes in 2015, 46 seconds in 2016, and 38 seconds in 2017. On a similar note, the amount of time it took to answer a ticket decreased from two hours in 2015 to 24 minutes in 2016 to just 16 minutes in 2017. Some of this is also due to the growth of the support team, which only had 25 members in 2015 but grew to 39 members in 2016 and 78 in 2017.

The number of affiliates has also grown from 3,000 in 2014 to 84,000 in 2017. This included 21,000 affiliates in 2015 and 48,000 in 2016. Along with the growth of affiliates, those affiliates have consistently earned more every year. Affiliates earned $200,000 monthly in 2014, $810,000 in 2015, $2.3 million in 2016, and an impressive $4.6 million in 2017.

IQ Option Awards

Over the years, IQ Option has accumulated an extensive list of awards, each of which shows off one of the platform’s strengths. The Academy of Interactive & Visual Arts honored IQ Option with the 2017 Award of Excellence, which is the highest honor from the Communicator Awards. IQ Option was recognized by the voting committee as the top trading app in the Financial category.

Awards

In 2016, IQ Option earned the Rising Star award for “The intelligent trading app for binary options” from the Mobile Star Awards, the largest annual awards program worldwide for mobile software and innovations. The organization praised IQ Option for its design and efficiency.

The Web Marketing Association honored IQ Option with the Best Technology Application in 2016 for the company’s mobile application.

IQ Option also earned the Century International Quality Gold ERA Award from the Business Initiative Directions Group as recognition for the company’s commitment to Excellence and Quality, especially within Customer Satisfaction.

Going back a bit further to 2015, IQ Option earned the title of Best Binary Options Broker Europe 2015 from the Global Banking & Finance Review. The broker also earned the title of Most Innovative Binary Option Platform from the IFM Awards in 2015, as well as the Best Mobile Trading Platform in the same awards.

Global Brands Magazine, which is a reputable brand observer in Britain, honored IQ Option with the title of Fastest Growing Binary Option Brand. In the Forex Awards 2014, IQ Option was named the Best Trading Platform. Also in 2014, the MasterForex-V awarded IQ Option as the World’s Leading Binary Options Broker and the Most Reliable Binary Options Broker.

The FX Report Awards named IQ Option the Best Binary Options Broker in 2014. In 2013, the same year IQ Option was founded, the company earned the title of Most Innovative Binary Option Broker from Moscow’s ShowFx World conference. At the IAIR Awards, IQ Option earned multiple awards, including the Best Binary Options Broker and the Best Binary Options Broker/Trading Application.

Jurisdictions, Languages, and Countries

IQ Option has clients from 151 different countries. The platform and website are currently available in 13 languages, allowing traders from around the world to trade in a language they are comfortable with. Due to local laws, however, IQ Option cannot accept traders from the United States, Canada, Palestine, Israel, Australia, Syria, Russia, Japan, Iran, or Belgium. For further international appeal, IQ Option lets traders select from one of the following currencies for funding: GBP, EUR, USD, Yuan, MYR, IDR, and RUB.

IQOption Regulations

IQ Option is owned and operated by a company within the European Union. As such, IQ Option has a license from CySec, the Cyprus Securities and Exchange Commission. To receive that license, IQ Option met, and must continue to meet, minimum requirements related to marketing restrictions, client funds, and trading products. The registration in Cyprus as a financial services provider has number 247/14, giving IQ Option the ability to take on European clients, who then receive full CySec protections.

Due to CySec regulations, all client funds must be stored in segregated accounts that IQ Option cannot access for its own brokerage business. CySec regulators also offer a level of deposit insurance, which protects a certain level of all investments made with IQ Option if something happens to the broker.

Summary

IQ Option is an impressive platform that provides its users with a great amount of value. The site merges a good level of transparency and functionality and users can be comfortable knowing that the platform is in keeping with the latest financial regulations.

Trading on the site is generally quite a smooth experience and the platform utilizes an intuitive UI that is easy to navigate. The platform and trading application is functional enough for professional traders whilst also being simplistic enough to allow new entrants to painlessly learn the trading process.
IQ Option is a company on the rise and has grown to managing almost 15 million accounts and processing 3 million trades per day. The site also enjoys a trading volume of $11 billion a month and pays out approximately $5.7 million to its users on a monthly basis.

The site does have its drawbacks, and users who require extensive interaction with a customer service agent may be unfulfilled by the two account levels. In order to be in consistent communication with a personalized account manager traders are expected to pay a $3000 fee which may be too restrictive for some. The site is also proving to be popular with traders around the world and despite IQ Option devoting time and energy to developing its customer service, there is the possibility that users may have to wait for more than 24 minutes in order to have their queries processed.

Finally, IQ Option is not available to the residents of countries such as the United States, Canada, and Japan. These nations are home to large numbers of financial literate individuals and the platform would be better off with their presence. However, IQ Option still caters to traders from over 178 countries and provides a comprehensive service to all its users. The platform caters to stock, Forex, and cryptocurrency traders and individuals who sign up can be sure to interact with an intuitive platform that provides access to a wealth of resources, and trading options.

Click to Visit IQ Option

Risk Warning

As always with trading, you should know the risks before hand – these are volatile markets where it is completely possible to lose large sums of money if you do not know what you are doing. Make sure to do your research, learn the platform inside out and never risk more money than you can afford to lose.

IQ Option

9

Ease of Use

10.0/10

Reputation

9.0/10

Fees

9.0/10

Customer Support

7.0/10

Payment Methods

10.0/10

Pros

  • Excellent Interface
  • Variety of Options
  • Regulated by CYSEC agency
  • Free Demo Account
  • Highly Regarded

Cons

  • Slow Customer Support
  • Country Restrictions

Posted by Eugene Kem

Holder of a degree in Economics and passionate about the transformative potential of digital currencies.


All content on Blockonomi.com is provided solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate.

6 Comments

  1. Hello everyone,

    IQ Option Scam? i have something to tell about this for those investor who start dreaming after went threw IQ option attractive platform, and think that they can make money easily, please forgive me if you find any grammatical mistake in my writing,
    Ok lets Start with me, i am doing trading business with IQ option since 2 and half year, I will share what i experienced with IQ option platform,

    IQ OPTION Application:

    There is two way which you can use for trading on IQ option Platform, 1.) Online in your Browser and 2.) you can download Application which you can run on your Laptop/Desktop, or Mobile, I have no idea about the mobile Application that how its works because i never used it, Its all about the money so nobody want to take risk, so i prefer to do on my Laptop,

    When i click on the link where you can download Application for PC, they written there System Requirements which is like this
    Operating system:
    Windows 7, 8, 8.1, 10
    macOS – OS X 10.10 Yosemite
    Ubuntu 14.04
    RAM:
    2 GB (4 GB recommended)
    Video card:
    OpenGL 2.0-friendly (macOS, Ubuntu)
    DirectX 9 (Windows)

    So please everyone if you starting business or starting earning money so i am sure you will go threw all System Requirement, because its all about your hard earned money which you are going to invest on this for make some money and because of your computer or laptop i don’t think that you will take risk, I would like to tell you that Right now i am using HP Laptop Ram 6 GB, Hard Disk 500 GB, And i5 processor, I think, its more then enough to run this IQ option application on my laptop,

    I started using IQ option Application, started with some money but loose and again put some money then again loose, i was new to this business i think i should start study about this, and then again start with real money, i went threw some video and i find that now i an start making money till this time i was in loose 6000 USD, but its ok because they mention that Its high risk or don’t invest which you can not afford to loose, but if you loose because of your wrong prediction its fine, but if you loose because of your trade take time for 2 or 3 second for place and if you didn’t take trade on right price, and just because of that you loose your trade then its wrong,

    I didn’t knew about this and when i see that its happening to me many times so i went again on google and search some same topic, which i find that i happened with so many trader on IQ option, till time i have my account manager because i already invest 6000 USD there and on that time if you start with 3000 USD, you will get your personal VIP manager,

    Personal Vip Manager: what manager do according to IQ option they help you if face any issue with IQ option platform or payment also they help you to know about market, but my first account manager who name is William, never help me to teach, never give market update, but they came to you if you are making profit for know that what strategy are you using,
    Ok after all this candle manipulation topic i read on Google, i went to my account manager and show him some screenshot, so he say there is no issue with our Platform, so please better work on your prediction but after all this i have gift for you 100 USD he give me gift, mean he want me to keep my mouth shut, remember till this time i am in 6000 USD in loose,
    and he promise that next time nothing with happen with you.

    like this i again starting with IQ option and till now invested 30,000 but now i am in loss only,
    and if you go to them with this issue they will give you a link for ping test which only came right in their system, i have tried with many computer but that same ping test didn’t make any computer. mean that if you go to your account manager he/she will go to technical department, and in the end answer from them is that there is only issue with your computer or Internet connection,
    I don’t understand that the person who is investing approx like 30,000 USD, he can not afford a best computer for run this application, but i also don’t understand that if their system requirement if our computer have then why their application can’t run in our system or making issue.

    This is all my story about IQ option Trader since 2016.

    If anybody there in this world like me please like or comment for this,
    I want IQ Option Founder Mr. Dmitry Zaretsky should read this.

    Thank you all!

    This was my hard earned money. I was so stupid

    Reply

    1. Yes. You are right.

      Reply

  2. Thank you for sharing viraat

    Reply

  3. Orapeleng MokgatleNovember 30, 2018 at 7:58 am

    Is it possible that you can have people trade for you and pay them cost of trading for them to pay out the profits

    Reply

  4. Hello viraat sharma that manager his name was willian Beckford let me know please

    Reply

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