This trading platform was first launched in 2013 and has been distinct ever since. With a $10 minimum deposit and a free demo account, IQOption has made online trading accessible to everyone.

regulation and reputation

IQ Option has been around for many years and has won numerous awards praising the quality and reliability of their services. It is recognized as one of the best brokers in the industry today.

However, for traders located outside the EEA, their accounts are managed by a separate sister company called IQ Option Ltd. The company is based in Saint Vincent and the Grenadines.

trading platform

Instead of choosing a standard trading platform, IQ Option has chosen to offer its clients a proprietary platform specifically designed to meet their trading needs. The same platform is used for trading CFDs and binary options. The user-friendly designed platform features large charts, which is a great help for traders looking to monitor market conditions.

Additionally, the platform comes with a range of trading tools that are not usually found on binary supported trading platforms. Some advanced trading tools that allow you to view popular technical indicators such as Moving Averages, Bollinger Bands, MACD and RSI.

Brands often add new features to their platforms to give traders more flexibility. One of these features is ‘top of position’. This allows traders to open trades when close to stop loss. It gives traders more scope to recover trades before closing them. Although used with discipline, it offers traders new risk management or trading strategy options.

IQ Option Trading Platform

mobile trading

For traders who cannot stay at the trading terminal for long periods of time, they can install the mobile trading app provided free of charge by IQ Option. The mobile trading app specially designed for smartphones and mobile devices allows traders to check account status, update all developments in the market and execute trades.

Provide a trading account

Unlike most CFD and binary brokers, IQ Option has chosen to only offer 3 types of trading accounts, Standard Trading Account, VIP Account and Demo Account.

A minimum deposit of $10 is required to open a standard account. A VIP trading account requires a minimum deposit of $2000 (or currency equivalent), but with a trading volume of $10000.

Both trading account types entitle traders to participate in IQ Option’s weekly trading competition. However, the VIP account grants the account holder additional trading benefits, such as free participation in trading promotions, 3% extra revenue and the services of a personal manager.

Potential traders who want to try out the platform can sign up for a demo account first. This service is provided free of charge and requires no “deposit” like some brokers ask their clients first. The demo account comes pre-loaded with $10.000 of practice funds that you can use to execute practice trades.

Bonuses and promotions

IQOption’s only promotional offers traders are trading competitions where you can pay an entry fee. Competitive prizes range from $100 to $100,000.

 

 

Assets in IQ Option

Currently, traders on IQ Option can trade in more than 300 different types of underlying assets. It consists of currency pairs, market indices, stocks and commodities. Recently, IQ Option added 12 types of cryptocurrencies that customers can trade.

The list of available markets is constantly growing. Recently, the company has expanded its stocks and stock listings, totaling over 180 100 stocks. We expect this expansion to continue in all areas. IQ has also spread its markets across all products, so things like oil and gold have been added to the list of digitally traded assets.

cryptocurrency multiples

Another innovative product offered by IQ is Cryptocurrency Multiples. These effectively work like leveraged trades, magnifying the price movement of the underlying asset. IQ Option first introduced this idea with Bitcoin x 100. This amplified the price movement by a factor of 100, creating great opportunities and risks for traders.

The product was so popular that IQ extended the concept to Ethereum, IOTA, Ripple, and more. The multiplier factors are x20, x50 and x100 in Bitcoin as mentioned. Currently, these products are only available to non-EU traders.

Trading costs and fees

IQ Option is transparent with its fees and costs. To determine IQ trading costs, you need to consider the following:

  • Spread – The difference between the bid price and the ask price. This is often variable and depends on volatility, liquidity and even time.
  • Swap Fee – This is a fee applied to positions held overnight. Fees vary from 0.01% to 0.5%, higher if positions are held over the weekend.
  • Dormant Account Fees – If your account is inactive for 90 days, IQ will start charging you a fee of €10 (or currency equivalent) per month, assuming your account balance is above zero.
  • Customers will be charged a 2% withdrawal fee from the 2nd withdrawal every month.
  • Commission – A 2.9% commission is charged on certain cryptocurrency transactions. This fee does not apply to other assets.

Customer Support

One of the main strengths of IQOption is customer service. To ensure traders at IQOption get the support they want whenever they need it, the broker has provided support services 24/7. You can contact our support team via email, live chat, or phone. For the benefit of traders whose native language is not English, IQOption has translated their website into 12 different languages.

Withdrawal

To finance your trading account at IQOption, the broker has supported several methods of transferring funds. These methods include transfers by credit card, e-wallet, and bank transfer. Accepted credit cards include VISA, Mastercard and Maestro. E-wallet options include popular wallets such as Neteller, Skrill, Perfect Money, and Webmoney.

To withdraw funds, traders can use the same methods they used to make deposits in the first place. Withdrawal request processing usually takes 1 business day, but can be as fast as a few hours if your withdrawal method is eWallet. For credit card and bank transfers, the entire withdrawal process may take up to 10 business days.

The growth of the Asian market has led IQ Option to expand their reach in that region. As a result, bank transfers are available at various banks in the region.

Thailand – Bank of Bangkok, Kasi Khon Bank, Krung Thai Bank, Siam Commercial Bank, Ayudia Bank, Government Savings Bank, TMB Bank.
Indonesia – Central Asia, Negara Indonesia, Rakyat Indonesia, CIMB Niaga, Mandiri.
Vietnam – Vietcombank, Asian Commercial Bank, Investment Bank, Techcombank, Vietin Bank, Sacombank, Donga Bank, Eximbank.
Malaysia – Maybank, Hong Leong Bank, RHB Bank, Public Bank, CIMB Bank, AmBank
Philippines – Help2Pay – supports both BDO (BDO Unibank) and MTB (Metrobank)

South American options are also expanding:

Brazil – Jeton Wallet (supports Boleto Bancario) and AstroPay (Boleto, Itau, Bradesco, Banco do Brasil, Caixa, Santander)
Argentina – AstroPay (supporting banks; Pago Facil, Santander, Banco Galicia)

Perfect Money is also available throughout South America, including Colombia. Perfect Money is actually a valid choice in Nigeria and Pakistan.

Jeton will also support IQ Option traders from India, and various banks have also been added that accept traders from South Africa.

China Union Pay can facilitate deposits and withdrawals for traders in mainland China, Hong Kong, Taiwan and Macau.

Is IQOption suitable for day trading?

One of the most important factors to consider when looking for a broker to day trade with is looking at the types of tools available for trading. The broker is a good choice for day trading as it offers CFDs that allow traders to open and close market positions at any time.

Frequently Asked Questions

What is the minimum deposit requirement to open a trading account?</ p>
The minimum deposit at IQOption is $10.

How fast can my withdrawal request be processed?

IQOption’s withdrawal requests usually take 1-3 business days, but no more than a few hours.

What kind of trading platform does IQOption have?

IQOption uses a proprietary type of trading platform.

What is the maximum leverage available at IQOption?

The maximum leverage offered by IQOption is 1:500 for non-EEA members. EEA traders have limited leverage at 1:30. Visit IQ Option for more information.

countries accepted

IQ Option disrupts traders from Thailand, Singapore, Singapore, India, Permanent Union, Ground Arabia, Kuwait, Qatar and many other countries.

IQ Option does not accept traders from various countries. The latest list can be found on the official website.