IQOption Review 2019 | Is IQOption a Scam or Legit Forex Broker?

Read our IQOption review to find out if IQOption is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.0/ 5

Rating breakdown

Protection & Regulations
60% Complete (danger)
Trading platforms
20% Complete (danger)
Tradable Products
100% Complete (danger)
Deposit and withdrawal
100% Complete (danger)
Trading Fees
20% Complete (danger)
60% Complete (danger)
# Broker's Features IQOPTION Availability
# Commissions
# Hedging
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at team collected over 50 data points. For this review, we will review IQOption.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. IQOption offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Cryptocurrency, Options.

Tradable Products: IQ Option offers clients more than 345+ tradable assets to trade on across Forex, Stocks, Commodities, Cryptocurrencies and ETFs via CFDs, Binary and Digital Options. However, the broker does not yet offer trading on Indices.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. IQOption is Dealing Desk, Market Maker.

Features: IQ Option offers a feature-rich trading platform suitable for beginner and advanced traders. However, there are currently no additional features available such as automated trading services or social trading with the exception of Binary and Digital Options trading for professional clients and a Trader Chat function.

Executing Trades:

As a market maker, IQOption may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. IQOption recommended minimum capital is $10.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. IQOption is regulated by CySEC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: IQ Option Europe Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is a member of the Investor Compensation Fund and offers segregated client funds.

Languages Available: Next lets have a look at each broker's different Language options. IQOption offers Arabic, Azerbaijani, Chinese, French, German, Hind.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, IQOption makes Proprietary available to clients.

Web & Desktop Trading Platforms: IQ Option offers traders free access to their very own proprietary trading platform accessible on PC, Mac and Web. While the platform offers some unique features, some traders may find the order functionality limited compared to the globally-recognised MetaTrader platform.
Mobile Trading Platforms: IQ Option offers its own proprietary mobile trading app that is feature-rich, easy to use and accessible on Android and iOS operating systems.


Trader Education
IQ Option offers a large variety of educational videos covering a variety of topics in their Ultimate Trading Hub.

IQ Option does not currently offer any bonus or promotional offers in line with ESMA regulations.

IQ Option offers 24 hours a day, 7 days a week customer support via Live Chat, Phone, Email, Telegram and Social Media in English, Portuguese and Spanish. However, the response time was less than impressive.

IQ Option is a CySEC regulated broker offering to trade on more than 345+ tradable assets across Forex, Stocks, Commodities, Cryptocurrencies and ETFs via CFDs and Binary Options for professional traders. The broker also offers trading on their own proprietary trading platform which comes with some order limitations but other unique features.

Final Thoughts
The IQ Option trading platform is unique yet user-friendly and can be used on PC, Mac, Web, Android and iOS. While some advanced traders may find some order functionality limited, the platform comes with a wide variety of unique trading features.

Trading Experience
IQ Option offers a unique trading experience on their own proprietary trading platform on more than 345+ tradable assets across Forex, Stocks, Commodities, Cryptocurrencies and ETFs via CFDs and Binary Options (for professional traders). The broker also offers an impressive range of research and educational tools suitable for both beginner and advanced traders.

People Also Asked

Is IQOption regulated?
Yes, IQOption is regulated by top-tier regulators, CySEC inclusive.
Where is IQOption based?
IQOption is based in , Cyprus
How does IQOption make money?
IQOption charges a spread between the bid price and ask price. In some instances it also charges a commission.
How do I deposit in IQOption account?
With IQOption you can deposit money via the following means; Credit Card, Cryptocurrencies, Moneybookers, Neteller.
How do I withdrawal in IQOption account?
IQOption lets you request a withdrawal of funds from your account via the following means; Credit Card, Moneybookers, Neteller, QIWI, Skrill.
What is the minimum deposit for IQOption?
IQOption has $10 minimum deposit.
What are the available account base currencies with IQOption?
IQOption trading accounts are offered in N/A. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in IQOption?
IQOption has a maximum leverage is 1:N/A for professional traders.
How do I open an account with IQOption?
Opening an account with IQOption is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does IQOption use MetaTrader?
IQOption platforms: No, IQOption do not use MetaTrader but it uses the following platforms: Proprietary
What type of broker is IQOption?
IQOption appears to be a Dealing Desk, Market Maker broker which offers market access to a variety of traders.
Does IQOption accept US clients?
Does IQOption offers Islamic accounts ?
What financial instruments can I trade?
You can trade a wide variety of instruments with IQOption: You can trade a wide variety of instruments with IQOption: Currencies, Commodities, Indices, Stocks, Cryptocurrency, Options

Are you Satisfied with what They Offer?