Score
IQ Option
https://iqoption.com/en
Website
Rating Index
Influence
Influence
AA
Influence index NO.1
Contact
Licensed Entity:IQOption Europe Ltd
License No. 247/14
Single Core
1G
40G
1M*ADSL
- WikiFX has received a total of 93 user complaints against this broker, please be aware of the risks and do not be scammed!
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Website
iqoptions.co
185.117.134.138Server LocationCyprus
ICP registration--Most visited countries/areas--Domain Effective Date--Website--Company--
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Binarytradeoption
IQ Option
Fintrack Fxtrade
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Company Summary
| Quick IQ Option Review Summary | |
| Founded in | 2013 |
| Registered Country/Region | Cyprus |
| Regulation | CySEC |
| Trading Instruments | 300+, Forex, Stocks, Cryptocurrencies, Commodities, ETFs |
| Demo Account | ✅ ($10,000 in virtual fund) |
| Min Deposit | $10 |
| Leverage | Up to 1:500 |
| Trading Platform | Proprietary 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.

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.
| Pros | Cons |
| Regulated by CySEC | Limited range of tradeable assets compared to other brokers |
| Low minimum deposit requirement of $10 | No support for MetaTrader 4 or 5 |
| Offer a free demo account with $10,000 in virtual funds | Some 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 Country | Regulated by | Regulated Entity | License Type | License Number |
![]() | CySEC | IQOption Europe Ltd | Market Making (MM) | 247/14 |

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 Assets | Supported |
| Forex | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ✔ |
| ETFs | ✔ |
| Indices | ❌ |
| Bonds | ❌ |
| Options | ❌ |

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.

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.

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 Platform | Supported | Available Devices | Suitable for |
| Proprietary platform | ✔ | Desktop, Mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |

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

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.

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.

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!

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.

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.

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%.
Wiki Q&A
What trading platform does IQ Option offer?
IQ Option supports trading through the proprietary platform. The platform can be used on desktop and mobile.
Does IQ Option offer demo accounts?
Yes, IQ Option offers a demo account of $10,000 in virtual funds for clients to practice trading without real money to improve their trading skills.
Is IQ Option regulated?
Yes. IQ Option is regulated. IQ Option holds a CYSEC license. The license number is 247/14, which provides safety and security for traders.
Can I only deposit $1 with IQ Option?
No. You can't just deposit $1. The minimum deposit for IQ Option is $10, and you have to deposit at least $10.
User Reviews 143
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FX2288248350
Mexico
My last withdrawal of 30 USD did not arrive in my account.
Exposure
FX3773516103
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
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
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
Eurico809
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
HernaniZamana
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
PravesPrachuab
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
HafizRahman
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
FX4225107733
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
FX3807856186
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
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
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
FX2849357626
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
FX2543977154
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
FX7838653972
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
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
FX1710218310
Brazil
excellent platform and good for trading, congratulations!
Positive
FX4230420963
Brazil
The platform does not pay users, withdrawals are being delayed for quite some time.
Exposure
AlfredoRomero
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
Nicolas Navarro
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