IQ Option is a Cyprus-based binary options broker that received recognition as the highest-rated mobile trading application in 45 countries. In 2013, the year that IQ Option was founded, the organization was registered by CROFR to the list of certified brokers of Russia. A year later, it became regulated by the Cyprus Securities and Exchange Commission (CySec). In 2015, it was also regulated by CONSOB, more popularly known as the Italian Securities and Exchange Commission. IQ Option serves 36 countries and excludes traders from the U.S. and Japan and offers an affiliate program, where one can earn as much as $750,000 per month.
IQ Option caters to both beginning and experienced traders. It has developed its own unique trading platform with data presented for easy understanding and features that are useful to either a newbie or a veteran trader. It has tailored this distinctive platform to a mobile application that has garnered a great deal of attention from young professionals who prefer to do business while they are working and by a touch of a button.
IQ Option has instructional videos on a wide range of topics; from the basics likes definition of options trading and ways to start trading to complex mainstream binary trading strategies, such as the Japanese Candlestick and the Breaking Line strategy. Although the main attraction of IQ Option lies in the simplicity of its platform, at the time of this IQ Option review, it still offers a complete range of knowledge and features to make the experts and those who have only started using the platform have the opportunity to advance their methods and profits at their pleasure.
IQ Option offers an easy way to create an account to make users’ initial experience with the use of the site becomes trouble-free. All you need to do is to write your email address and your nominated password. There is no need for you to provide more details, such as credit card or personal details. Wait for an email message that will contain the link that you have to click to activate your account. Once the account is set up, it is free to use for as long as you want to use it. After activation, you will immediately be greeted by a tutorial video on how to trade options, as well as a button that allows you to immediately access the platform and start trading.
There are three accounts to choose from – a free $1,000 demo account, a real account, and a VIP account. The free $1,000 demo account does not offer any payout, but grants the user full access to all the features and functions without depositing any of their own funds to start trading. The $1,000 included in the demo account is meant as a practice amount for beginners and can even be used as an introduction to the site’s features or a testing ground for newly-devised trading strategies by those more experienced traders.
The real account option also includes all access to all the features and functions of the platform with the direct objective of allowing the user to begin trading with the potential to earn payouts of up 85%. Real account users can start trading with a deposit of as low as $10, although bigger first deposits come with some useful and desirable bonuses.
The VIP account requires an initial $1,000 deposit and provides similar full access to the platform’s features along with the opportunity to receive assistance from a personal financial manager, who will share some expert tips and tricks in the binary trading industry. You will also have access to a personal analyst who can give you a monthly trading analysis. The VIP account also has the potential to give a 100% payout.
The IQ Option dashboard contains all of the information needed to orient a user with the concept of online options trading and with the credentials of IQ options. There is sparse information on the platform itself, but it takes only a minute to create an account and access the trading platform. It has a dark and sleek look and transitions to different information on the site is fast and smooth.
IQ Option features daily trading tournaments, pitting users against each other in friendly competition with the goal of having the highest balance at the end of the tournament. Each trader will get a special tournament balance for use during the tournament and the prizes can range from $500 to $1,000,000 for each tournament. The winners of this cash prize will have their earnings added to their accounts immediately.
There is a first deposit bonus wherein if the deposited amount is smaller than $100, you will get a 27% bonus. If it is bigger than $5,000, you will receive a 100% bonus. You also get free trading signals if you deposit $100 or more. Depending on the account, free bonuses often come with larger deposits.
Bonus buttons on the site itself and on sponsor sites offer temporary increases to payouts or other benefits.
Payment & currencies
At the time this IQ Option review was written, IQ Option accepts US dollars ($), British pounds (£), Euros, and Rubles (local currencies for Indonesia, Spain, Turkey, Portugal, the Middle East, and South America).
IQ Option boasts a minimum deposit amount of $10, with which a user can already start trading. There is a maximum daily deposit amount of $1,000,000.
Withdrawals require three business days to process and after the request is performed, it takes an average of two to nine business days to transfer money to your account, depending on the payment method. Processing time is reduced to 1 business day if you are a VIP account user.
Deposits and withdrawals can be done through debit or credit card with any VISA or MasterCard affiliates. It is also possible to do deposits using wire transfer, Skrill, Webmoney, Wire Transfer, and POLIpayments. Individuals, who have no access to e-wallets and credit cards accepted by the platform, typically opt for bank wire transfer.
The minimum amount to invest in a single option is $1. The maximum investment is $1,000.
Platform & assets
IQ Option offers a full range of financial instruments, ranging from equities to indices and commodities, as well as currency pairs freely traded on world and national exchanges and markets. It has 77 assets to choose from. They are as follows:
Commodities: Gold and Silver
Stocks: Shares of over 50 companies, such as Facebook, Google, Apple, Gazprom, Dailmer, Rosneft, Nike, Intel, Coca Cola, and Barclays.
Indices: Offers the most commonly traded indices, such as DAX, Nikkei-225, CAC 40, S&P 500, FTSE 100, and the Dow Jones.
Currency Pairs: All the most commonly traded currency pairs, including EUR/USD, GBP/USD, AUD/CAD, EUR/JPY, USD/CHF, and others.
IQ Option also allows the trading of an option only offered by very few binary options broker sites—Bitcoin.
IQ Option initially used the popular SpotOption platform currently being utilized by almost all the major broker sites, such as Banc de Binary, Porter Finance, 24Option, and GOptions. Currently, it has developed and launched its own trading platform, which includes features specially designed for simplicity and ease of use.
The unique platform has a live responsive graph feature that enables easy comprehension of trading stats. It features lively and vibrant colors that inject some variety into the usually monotonous change of lines and numbers.
The platform also has more practical functions, such as charts that show the price change of desired trading assets in real-time. It has a technical analysis panel that will help those more experienced users develop and execute their trading strategies. It also gives the option to use the commonly used tick charts, and the less-commonly used candlestick graphs. It features a trader’s choice indicator where a user can directly see which investment option (Put or Call) is more accepted, as well as the percentage of investors that have chosen each trading option. There is a tab that allows you to view top trader stats and the best deals made by fellow traders. You can also see major relevant financial news displayed on the platform. Finally, it offers predictions on future price movements made by professional investors based on technical analysis.
IQ Option has the number one trading app in 45 countries, according to the latest data available at the time of this IQ option review, which is December 2015 App Store rankings. One of the most important reasons for its success is its functional features, which make trading possible at anytime and anywhere. The most important buttons are not too close to each other, which is a common complaint among mobile app users who dislike clicking the wrong option because they are too crammed together. The mobile app includes most of the features of the online platform and has some other mainly aesthetic features available only for the mobile app.
IQOption.com is a multilingual site that can automatically change language settings depending on the location of the person accessing it. Aside from English, the site can also be viewed in Chinese, German, French, Indonesian, Turkish, Portuguese, English, Spanish, Italian, Russian, Korean and Swedish.
IQOption.com has various customer care centers in different territories. It has specialists available every day, around the clock in England, Russia, Norway, and China. It has customer representatives available only on weekdays, during local working hours in France, Germany, Indonesia, Saudi Arabia, Spain, Turkey, Italy, and Sweden. It has specialists available on Tue, Sat: 06:00-14:30 (GMT), Wed, Thu: 15:00-20:00 (GMT), Sun: 10:00-15:00 (GMT) in Brazil and Portugal. It also has customer support every Mon, Tue, Thu, Fri, and Sun: 06:00-14:30 GMT in Korea.
A persistent customer service feature embedded into the site itself is the international phone support hotline button present in the lower right corner that you can see once you sign in to your account. Live chat support is available only in select territories. If you have any queries, suggestions, and others you can email IQOption.com at support@IQoption.com.
Pros & cons
Although a relatively young binary option broker, IQOption has steadily made its way up the industry to be one of the top choices for many users. Its ease of use, from creation of an account to commencement of trading using its own unique and user-friendly platform, is one reason it is a popular choice among users. The three IQ Options account types give all traders plenty of opportunity to get a feel for the binary options market and then to move ahead and trade to their satisfaction. The range of bonuses offered, as well as the various trading tournaments with their prize pools and atmosphere of friendly competition, keep users interested and invested in using and staying with the site. The notable expansion and evolution of the platform, the customer service, the number of covered territories, and the assets available to trade with show that IQOption.com will continue to improve the quality of its services and maintain its popularity and effectiveness in the future.
CySEC & CONSOB
Head Office Telephone Number:
+357 25 262 010
Head Office Email Address:
Customer Service By:
Email, Phone, or Live Chat
English, Chinese, German, French, Indonesian, Turkish, Portuguese, English, Spanish, Italian, Russian, Korean and Swedish.
Customer Service Hours:
Email Response Time:
Personal Account Manager:
Customer Care Telephone:
Customer Care Email: