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/10
The WikiFX Score of this broker is reduced because of too many complaints!

IQ Option

Antigua and Barbuda Antigua and Barbuda | 10-15 years |
Regulated in Cyprus | Market Maker (MM) | Self-developed | Global Business | High potential risk

https://iqoption.com/en

Website

Rating Index

Influence

Influence

AA

Influence index NO.1

Brazil Brazil 8.22
Surpassed 54.70% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

support@iqoption.com
https://iqoption.com/en
The Colony House, 41 Nevis Street, Saint John’s, Antigua and Barbud
https://www.facebook.com/iqoptioneu
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses

Licensed Entity:IQOption Europe Ltd

License No. 247/14

VPS Standard
No restriction on the broker account
CPU

Single Core

RAM

1G

SSD

40G

ADSL

1M*ADSL

Open
WikiFX Risk Alerts
  • WikiFX has received a total of 93 user complaints against this broker, please be aware of the risks and do not be scammed!
FX2288248350

FX2288248350

Unverified

Mexico

My last withdrawal of 30 USD did not arrive in my account.

Exposure

FX3773516103

FX3773516103

Unverified

Bolivia

I invested 20 dollars on the platform, and in a short time, I managed to amass up to 51.38 dollars. I wished to withdraw them and was met with an outright block! I am unable to either deposit or withdraw. The attempts I made to withdraw to my cards were "unsuccessful." I sought assistance from technical support, but they have not paid me any attention or responded. Days have passed and I have received zero information. The transaction marked as "unsuccessful" didn't even show up in my bank transactions. IQ option didn't even bother to provide me with an exact reason and simply blocked my account. I am verified and all that but to no avail. Considering the reviews, it seems to be a scam where they let you earn a certain amount and then hit you with excuses as to why you can't withdraw. Moreover, they accept your deposit in minutes but then have you waiting days for withdrawal or a response from support. Allegedly, you get three free withdrawals. I made two and now it's stating that I don't have any left. I tried to withdraw using another method, but all options were blocked. Given the poor reputation of IQ option, I prefer to take action now.

Exposure

Brainy Juleiny Capellán Arias

Brainy Juleiny Capellán Arias

Unverified

Dominica

My money hasn't arrived yet. I deposited and withdrew with the same card, and it's been 21 days but my money has not come. They are quick to take the money but not to deliver it. At least I thought of investing a little in case it's a scam.

Exposure

TenoRio5351

TenoRio5351

Unverified

Chile

The best contact method is by email. This is where they take every enquiry seriously and you get the best answer. Not to mention that you will have a written record to keep if your question is something important not just info. And in my experience, they replay pretty quickly, most of the times the same day

Positive

Positive

Eurico809

Eurico809

Unverified

Colombia

Their trading platform is sooo good for trading. It’s kind of unique, it doesn’t look like tradingview, not it looks like metatrader. It’s a custom platform and designers made it in their own way, which ended up being beautiful. I’m trading a eur/usd pair, it’s moving nice recently to catch some moves.

Positive

Positive

HernaniZamana

HernaniZamana

Unverified

Brazil

Hard to find an analogue to this platform. Yeah this is by far the best feature of the broker. For some time I was looking for a platform that can compete with MT, in terms of charting tools and indicators, with fresher design. Find one in iqoption. I even managed to create my special RSI custom indicator through the relatively simple script mechanics of the platform. It worked pretty smooth, no freezes.

Positive

Positive

PravesPrachuab

PravesPrachuab

Unverified

Thailand

I felt I was not alone in my trading journey. Many other traders, with whom I can easily get connected by the means of community chats. Or support agents. It took time to connect with them, but XP, how they treat traders, was worthy. Only one thing that was difficult for me, is to understand how options trading works. I had some Forex xp before, but it was new for me that assets can be traded by expiration dates through the options…

Positive

Positive

HafizRahman

HafizRahman

Unverified

Malaysia

Ya know when I saw how they offer 1:3000 leverage on major currencies on the official website, I thought this is a joke. I wanted to check it out in real trading, so opened an account there. I contacted the technical support and they confirmed that everything is true and I’m not mistaken. Seeing such a high leverage was something extraordinary for me. Anyway, I adjusted my trading system to use 1:3000 leverage more safely.

Positive

Positive

FX4225107733

FX4225107733

Unverified

Chile

I have not had any problems withdrawing to the same card I used to deposit. It arrives in one or two days. But I haven't earned anything, I've only recovered what I invested. I haven't tried transferring any small profits to my bank account via Skrill yet. It's better than other brokers where you even have trouble withdrawing what you invested to the same card, like Warren Bowie and Smith.

Positive

Positive

FX3807856186

FX3807856186

Unverified

Colombia

I want to withdraw the money earned and it won't let me log in, it says incorrect account type and it's perfect.

Exposure

EDUARD HERNANDEZ

EDUARD HERNANDEZ

Unverified

Venezuela

The platform does not allow the withdrawal of profits in my case; they took all the money I deposited and a big prize I won in a monthly tournament. They look for any excuse to ask you for a series of documents to verify, and even if you send everything, they eventually just block you and cut off all communication. Basically, you can't claim anything anywhere, and they keep scamming needy people who invest with the hope of making a profit on this platform, which, aside from stealing your money, manipulates the market to their advantage. My advice to anyone who might read this is not to invest in this platform—they will never give you the money you earn with your knowledge.

Exposure

FX3196213840

FX3196213840

Unverified

Mexico

Seen some places which advertise 1 pip spreads like crazy and like it's their exclusive feature. And also seen some that require hundreds of bucks of min depo to get these low spreads, and even then they are not around 0.7. But here, you can see for yourself, justlow and they dont even mention it😂 Btw, way to go with faq in help section in traderoom, support here is another level.

Positive

Positive

FX2849357626

FX2849357626

Unverified

Argentina

Hello. With this broker I had 2 experiences, one bad and one good. The bad one, it wouldn't let me make a withdrawal from my account to my savings account. Later I had to make a new account and with this one I had no problems. At least for now.

Neutral

Neutral

FX2543977154

FX2543977154

Unverified

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

Positive

FX7838653972

FX7838653972

Unverified

Thailand

Unable to withdraw. The withdrawal transaction took longer than the specified time and the withdrawal order was automatically canceled without any reason.

Exposure

MatiasDiaz

MatiasDiaz

Unverified

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

Positive

FX1710218310

FX1710218310

Unverified

Brazil

excellent platform and good for trading, congratulations!

Positive

Positive

FX4230420963

FX4230420963

Unverified

Brazil

The platform does not pay users, withdrawals are being delayed for quite some time.

Exposure

AlfredoRomero

AlfredoRomero

Authenticated
Unverified

Argentina

IQ Option offers an intuitive platform, ideal for beginners, with a wide variety of assets, advanced charting tools, and low deposits to start trading easily.

Positive

Positive

Nicolas Navarro

Nicolas Navarro

Authenticated
Unverified

Argentina

I read that many had problems with this broker, but in the time I have been trading with him, I have not had any inconvenience. It is one of the leaders for binary trading.

Positive

Positive

143
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Sources
Language
Mkt. Analysis
Creatives

Website

  • iqoptions.co
    185.117.134.138
    Server Location
    Cyprus Cyprus
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    --
    Website
    --
    Company
    --

Genealogy

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Relevant Enterprises

IQOPTION EUROPE LTD(Cyprus)
Cyprus
IQOPTION EUROPE LTD(Cyprus)
Active
Cyprus
Registration No. HE327751
Established
Related sources Website Announcement

Company Summary

Quick IQ Option Review Summary
Founded in2013
Registered Country/RegionCyprus
RegulationCySEC
Trading Instruments300+, Forex, Stocks, Cryptocurrencies, Commodities, ETFs
Demo Account✅ ($10,000 in virtual fund)
Min Deposit$10
LeverageUp to 1:500
Trading PlatformProprietary platform

Overview of IQ Option

IQ Option is an online trading platform that allows individuals to trade 300+ financial instruments including Forex, Stocks, Cryptocurrencies, Commodities, and ETFs. The platform was founded in 2013 and has grown to become one of the most popular online trading platforms in the world, with over 48 million registered users across 213 countries and territories. IQ Option is owned and operated by IQ Option Ltd, which is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC).

However, IQ Option has also received some complaints from customers regarding issues such as slow withdrawal processing times and account verification delays. It is important for traders to weigh the pros and cons of using IQ Option and to exercise caution when making financial decisions.

IQ Option's homepage

Pros and Cons of IQ Option

While the broker offers a regulated and user-friendly trading platform with low minimum deposits and free demo accounts, it may not be suitable for traders who require a larger range of tradeable assets or support for specific payment methods. Additionally, some traders have experienced issues with withdrawal processing times and customer service, which may be a concern for those who prioritize timely and reliable support from their broker.

ProsCons
Regulated by CySECLimited range of tradeable assets compared to other brokers
Low minimum deposit requirement of $10No support for MetaTrader 4 or 5
Offer a free demo account with $10,000 in virtual fundsSome negative reviews and complaints from traders regarding slow withdrawal processing times and customer service
One-page website
Unclear fee structure
Lack of info on deposits and withdrawals
No contact channel

Is IQ Option Legit?

IQ Option is a legitimate online trading platform that has been operating since 2013. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under the regulatory license number of 247/14.

Regulated CountryRegulated byRegulated EntityLicense TypeLicense Number
Cyprus
CySECIQOption Europe LtdMarket Making (MM)247/14
Regulated by CySEC

However, it is important to note that there have been some complaints and negative reviews about the platform, particularly regarding withdrawal issues and customer support. It is always recommended to do your own research and due diligence before investing with any broker.

Market Instruments

IQ Option offers 300+ tradable instruments including Forex, Stocks, Cryptocurrencies, Commodities, and ETFs.

Trading AssetsSupported
Forex
Stocks
Cryptocurrencies
Commodities
ETFs
Indices
Bonds
Options
Market Instruments

How to Open an Account?

Opening an account with IQ Option is a breeze. Simply go to their website and click on the “SIGN UP” button.

click on the SIGN UP button

You'll need to provide some personal information, including your email address and country of residence. You'll also need to set a password for your account. Once you've filled in all the required fields, click on the SIGN UP button and you're good to go.

Fill in required info

But before you can start trading, you'll need to verify your identity by submitting some documents, such as a copy of your passport or driver's license, and proof of address. This is a standard procedure for all regulated brokers and is designed to prevent fraud and ensure the safety of your funds. Once your account has been verified, you can make your first deposit and start trading right away.

Trading Platform

IQ Option offers its propritary trading platform, which is available both as a dekstop version and a mobile app, making it accessible to traders on-the-go. However, popular MT4 and MT5 are not available.

Trading PlatformSupported Available Devices Suitable for
Proprietary platformDesktop, Mobile/
MT4/Beginners
MT5/Experienced traders
Trading platform

FAQs

Is IQ Option regulated?

Yes, IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC).

What is the minimum deposit required to open an account with IQ Option?

Only $10.

Does IQ Option offer demo accounts?

Yes. IQ Option offers demo accounts with $10,000 in virtual fund.

Keywords

  • 10-15 years
  • Regulated in Cyprus
  • Market Maker (MM)
  • Self-developed
  • Global Business
  • High potential risk

News

Warning: Trader Unable to Withdraw Funds from IQ Option – Victim Reports Unhelpful Response

Exposure Warning: Trader Unable to Withdraw Funds from IQ Option – Victim Reports Unhelpful Response

Recently, WikiFX received a complaint from a trader who is unable to withdraw his funds from a broker named IQ Option. According to the victim, despite repeated emails to the broker’s support team, the responses have been unhelpful and failed to resolve the issue.

IQ Option Scam Alert: Withdrawal Issues and Fraud

Exposure IQ Option Scam Alert: Withdrawal Issues and Fraud

IQ Option faces allegations of fraud for blocking withdrawals, manipulating prices, and operating with weak regulatory oversight despite CySEC licensing claims.

IQ Option: Regulation, Warnings, and What Traders Need to Know

Exposure IQ Option: Regulation, Warnings, and What Traders Need to Know

A closer look at IQ Option reveals a gap between appearance and reality that could cost traders more than they expect. Let’s take a closer look at this!

AUD/USD Forecast: Aussie loses strength after being rejected from above 0.6500

News AUD/USD Forecast: Aussie loses strength after being rejected from above 0.6500

The AUD/USD reached two-week highs on Wednesday, boosted by a weaker US Dollar, but then pulled back, erasing all gains after failing to hold above 0.6500. The short-term bias is still to the upside but is losing momentum.

FxWirePro:EUR/NZD succumbs to bearish forces after Eurozone business downturn deepens in July

News FxWirePro:EUR/NZD succumbs to bearish forces after Eurozone business downturn deepens in July

EUR/NZD declined on Monday after PMI data showed euro zone business activity shrank much more than expected in July. • A survey showed the downturn in euro zone business activity deepened much more than expected in July as demand in the bloc's dominant services industry declined and factory output fell. • EUR/A NZD chart has taken a turn for the worse after todays drop.Overall risk growing for a bigger drop towards 1.7750.

US Federal Reserve seen holding rates in June

News US Federal Reserve seen holding rates in June

More than 90% of economists said the Federal Open Market Committee would hold its federal funds rate at 5.00-5.25%.

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