• Ajay Singh

IQ Option Review - Options & Forex Trading Platform

Updated: Feb 19

IQ Option first came into the picture in 2013. IQ Option is managed and owned by IQ Options Europe Ltd. IQ Option is financial service provider that is based in Cyprus. IQ Option is an regulated online trading platform and registered under Cypriot Investment Firm (CIF), the trading platform comes under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC). IQ Option is authorized to provide financial services to clients from the European Economic Area (EEA) under the CIF license #247/14.

Trader that are outside the EEA, such as (INDIA) their account are managed by IQ Option Ltd. IQ Option Ltd is based in Mahe, Seychelles and is regulated by the Seychelles Financial Services Authority (FSA).


Overview


As IQ Option is regulated under CySEC & FSA, traders get funds protection up to 20,000 EUR. IQ Option is offering online trading services with an ease to help traders of every category. The platform is updated to highest level of features and performance with best in class user interface. The platform has integrated a lot of services which is suitable for both beginners and professionals. So, today we will have a look at IQ Option's best offerings and review it.

Online Since - 2013
Software - IQ Option
Minimum Deposit - $10, €10
Minimum Trade Amount - $1, €1
Demo Account / Practice Account - $10 000, €10 000
Withdrawal Processed - 1-3 days.
Mobile Trading - Android, ISO.
Countries Supported - 189 (Restricted countries - USA,CANADA,AUSTRALIA,JAPAN,RUSSIA,TURKEY,ISRAEL,SYRIA,SUDAN AND IRAN).

Trading Platform


IQ Option is currently running on platform version 2052.3.17.21. The trading platform is available over every devices. The trading platform offers a wide range of tools for custom platform settings, chart types, chart times, graphical tools and professional indicators. The very interesting feature is trader can customize the platform interface as per his or her choice, as the platform offers a wide range of customization options to chose from.

The best part of the platform is that IQ Option has integrated Options trading and Forex trading in one single platform. So, no matter either you open a trade in Options or Forex, you can manage every trade in a single trading platform.

IQ Option has more than 90+ assets (more than 329+ assets in combination to different trading instrument available*) to trade. IQ Option includes Binary Options, Digital Options, ETF's, Crypto Assets, Stocks, Commodities, Forex Trading, with such a wide range of trading instruments available, it is convenient to manage and trade different types of trades in a single trading platform/app.

One additional feature provided by IQ Option is "Best Trades" feature. In this feature, IQ Option will show the best trades list after trade completion (Binary/Digital). Trader can also add "Keyboards Shortcuts" in Windows or MAC trading platforms. It is not available in mobile trading. Switching from "Demo Account" to "Real Account" is just one click. IQ Option has integrated every possible features which are helpful for traders.


Mobile Trading


IQ Option is available in every device to enable trading from anytime and anywhere, and when it comes to trade anytime and anywhere, IQ Option has already launched it's trading app from the beginning. IQ Option has a high-tech and professional mobile trading app which includes almost every features that is available in Windows and Mac. The trading app also supports custom tools, chart types, chart times, professional indicators and graphical tools. The trading app also includes management of different trades in single platform. (i.e. options trades and forex trades).

The trading app can be used for,
> Keep track on your trade positions.
> closing the trade as per your convince.
> Trade anytime & anywhere.

Account Types


IQ Option offers two types of trading account,


Standard trading account (Demo account included)

  • Minimum deposit - $10, €10

  • Access to all assets

  • Tournaments access

  • Profitability up to 80% - 85%

  • Leagues included

  • Access to trading community

VIP trading account (Demo account included)

  • Minimum deposit - $1,900, €1,900

  • Access to all assets

  • Tournaments access "FREE"

  • Profitability up to 90% - 100% (100% profitability is available on selected assets during special trading assets available*)

  • Leagues included

  • Access to trading community

  • Personal VIP manager

  • Private education session request accepted

  • Priority withdrawals

IQ Option standard account offers more than enough features and it will be suitable for beginners and professionals. The only major difference between the accounts is that, you will get increased profitability in VIP account, personal manager & priority services.


Assets


IQ Option offers the following trading instruments/assets,

  • Options - Binary Options/Digital Options

  • Forex - Currency pairs

  • Stocks - 177companies stocks available for trading

  • Crypto - 26 crypto currencies

  • Commodities - Gold, Silver, Crude, etc

  • ETF's - 23 assets


Fees


IQ Option don't take any fees on deposit and withdrawals. Which means that making deposit and withdrawing money is 100% "FREE". IQ Option do take fees on certain trades such as Forex, Crypto, Commodities, etc. Trading Options (Binary/Digital) is commission "FREE". IQ Option refers fees as commission in trading.


Deposit & Withdrawal Methods


IQ Option offers wide range of deposit methods which are more convenient for traders. IQ Option don't take any fees for depositing money. The deposit methods may vary from geographical locations. So, different countries will have different deposit methods available.

Withdrawals are processed within 1-3 days. VIP Traders gets priority services. Deposits are credited to the accounts instantly. Some deposit methods do take time to reflect money in the trade account. But considering convenient and secure deposit & withdrawal method will make it easy.

If your trading account is not verified, withdrawing money from IQ Option will be very hectic and will create a lot of issues. Delay in payouts might also occurs due to that. Clone account will also create problem and you might get blocked from IQ Option due to that.

Additional Features

  • Tournaments - IQ Option offers a wide range of trading tournaments and updates tournaments daily. IQ Option have more than one tournament running at the same time. Each tournament have different prize pool and entry fee. VIP Traders get special access to trading tournaments and gets "FREE" entry in each tournaments. IQ Option also do organize "FREE" entry tournaments often for all. One can check tournaments that are currently running www.iqoption.com/tournaments

  • Trade Community - IQ Option provides special access to trade community where experienced traders share their trade signals and information about certain assets. One can also share and explore trade knowledge with the community. It is available to all traders.

  • Leader Board & Market Analysis - Leader board is a great way to explore who is the best trader. It will show the ranking of other traders and also let you know your current position in the leader board. IQ Option also provides market analysis and news about assets. It is available for "FREE" and for all.


Customer Support


The most important thing about trading platforms is customer support. IQ Option is available 24/7 for assistance. One can chat, email or call for assistance.

Our IQ Option customer support rating - 9/10

IQ Option Ratings


IQ Option is a regulated online trading platform and is providing high end services in the whole industry and as per our experience,

Creating an trading account with IQ Option is safe, secure and one can trust IQ Option for sure. 

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Simple and secure trading platform!