Binary options are prohibited in the European Economic Area. 83% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

A free demo account

with $10.000 in practice money

Investments carry a high level of risk and may not be suitable for all investors.

iqoption Review 2023

Min. Deposit
Min. Investment

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

*in case of a correct prediction

This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders.

iq option is binary options trading broker that was established in 2014. Ever since it has been recognized as a broker who uses latest technology and innovations to deliver a professional trading experience. Traders can expect clean interface, low minimum deposits and interesting features. Over the years they have grown to be one of the best online trading brokerages, not relying solely on binary options but also adding other types of instruments such as CFDs and classic options.

Account Features

iq option describe themselves as an innovative broker that provides excellent service; they were the first broker to offer a demo account. Demo accounts are very appealing to binary options traders since they can experience what trading looks like without risking any real money. More experienced traders can get used to interface. Minimum deposit of $10 has made binary options trading available to everyone, with maximum returns up to 100%*. iq option offers three accounts to its traders, and as already mentioned in iq option broker review, they have opportunity to experience binary trading, mostly thanks to low deposit amounts.

Free Demo Account – This is basic account type. Every trader gets $10000 virtual funds to trade and experience the platform, as well as different trading assets and patterns. It gives traders possibilities to trade with different underlying assets.

Real Account – Account with a minimum deposit of only $10 gives traders a chance to experience trading in over 300 assets. Full access to the trading opportunities and participation in trading competitions that this account offers are a great way to gain experience. Withdrawals are processed within 3 working days.

VIP Account – This account enables trading with over 500 assets. VIP account is available to clients that deposit significant amounts (the exact amount is subject to change and varies per country). Every trader gets not only a personal manager who helps with a monthly analysis of his trading with one of iq option analysts.

In our iq option review, it can be easily noticed that their low deposits and various account types are creating new trends in binary options trading. All users can easily get accustomed to the web interface since it is available in several languages: French, English, German, Polish, Japanese, Romanian, Turkish etc. IQoption doesn’t seem like a scam. 

*Amount to be credited to account for a successful trade

Trading Software & Assets

Iq option has a user-friendly platform for traders to navigate on, and they updated their platform to 4.0 platform recently. After login, traders are redirected to the trading platform where all links and tools are positioned on the menu on the left side, where traders can choose between two types of binary options. The middle of the platform is reserved for the useful graphing tool, and the right side is meant for placing trades. Withdrawal and deposit options are easily accessible.

iq option platform enables traders to follow trades by other users. This feature, positioned on the bottom, is really helpful when it comes to making a decision and developing strategies since it is showing the direction in which market is going.

This platform is great for traders who can place their investments in binary options. During our iq option review, we had no problems in using the platform. Asset list consists of over 300 different underlying assets, such as numerous currencies, stocks, and commodities.

For those who are not always next to their computer or simply want to have access to their trading all the time, iq option developed the mobile platform. All traders need to do is to download the app for android or iOS, depending on their mobile phone type, and install it. The mobile app is free of charge, but only supports trading in binary and turbo options. Even then, it is a great app for all traders who still have a lot to learn how to trade binaries.

IQ Option Forex and CFD’s Trading

IQ Option is excited to announce Forex and CFDs trading. These financial instruments are perhaps one of the most popular ways to join the financial trading community. IQoption CFD trading is based on the difference between the strike price and the closing price and the value of the difference is what the trade is placed on. With IQoption forex trading, also known as trading on the foreign exchange market, you are basing your trade on the exchange of currency pairs. With introducing forex and CFDs trading, IQ option is actively expanding their trading selection with financial instruments that have strict licensing rules which help protect the traders and offer a transparent trading environment.

Using IQoption platform to trade forex is very interesting. All that is needed is to is select the forex instrument type under the asset selector in the upper left corner of the chart. The interface will immediately adapt and show BUY-SELL buttons and the multiplier selection box. Multiplier is the leverage and with IQoption it can go as high as 1:1000. Default is 1:500. After you do the chart analysis just click on either of the buttons you deem correct. The open position will be shown if you click “Open Positions” on the left while total profit or loss for all positions will be shown in the upper right corner of the chart. There a “Close All” button is present if you need to do emergency exit out of the market.

IQoption Cryptocurrencies

IQoption took trading one step further by implementing new assets to their CFD’s portfolio – 12 most popular cryptocurrencies! Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, IOTA and Dash are already implemented to the IQoption trading platform, but the broker also announced more cryptocurrencies to come any time soon.

These popular assets, that are according to many specialists the ones that will be the next big step in monetary politics and financial markets, will allow traders to additionally improve their trading portfolios thanks to diversification possibilities. IQoption helps traders participate in this amazing trend that could change the world.

Customer Care & Services

Every trader has some concerns or is faced with some trouble when it comes to using any type of service, and online Forex and Binary options trading is not much different. That is why all decent brokers offer some basic customer service, and iq option claims to offer exceptional support services.

Real account users can contact customer service without any limitations, but only VIP members get personal account manager who will answer all their questions. It is possible to contact customer service via phone or live chat, which is the most popular way, and traders can reach them via email as well.

Our iq option review showed that they support a variety of languages: English, Spanish, Indonesian, Italian, Portuguese, Russian and Turkish etc, so traders from all around the world are able to communicate with customer service. FAQ page is well designed and consists of most frequently asked questions with simple answers that can be simple to understand.

Banking & Company Information

One of the most useful features of the iq option interface is that users can manage their money in couple of steps, no matter depositing, trading or withdrawing. All those features are accessible as soon as login is made. All they need to do is choose withdrawal service, type the amount and send a request that is usually processed within 3 business days.

VIP account users can also expect withdrawal request processed within 3 business days. Keep in mind that it may take longer for funds to be seen on your bank account, since it doesn’t depend only on iq option, but on the day of the week, country, bank etc., as well. Traders can use one of many withdrawal options: wire, credit card or Qiwi, WebMoney and Yandex. iq option supports Visa, Mastercard, Visa Electron and Maestro, Skrill, WebMoney, Boleto, FasaPay and iDeal.

While depositing is completely free, iq option charges fee for withdrawals via bank wire withdrawals. Minimum withdrawal is $2.

The company behind brokerage in IQ Option LLC and were very helpful during our iq option review.

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.