Author: Jacob Bailey
Market Analyst
Jacob Bailey

IQ Option Review

Our Expert Rating
Accounts
9.0
Trades
8.4
Bonuses
8.6
Mobile
8.8
Banking
8.2
Features
10.0
Support
8.6
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Summary

IQ Option is currently the top binary options trading platform in the market as far as we are concerned. Their trading conditions are highly legit placing them firmly in the lead among all other binary brokers. All research and tests lead us to believe they are not a scam and value their customers. The feeling of security is backed up by licensing and regulation from CySEC, one of the industries leading regulatory bodies.

Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Introduction

Introduction

IQ Option was founded in 2013 and has become a universally recognised platform specialising in binary options trading. Their user-friendly platform is proprietary, placing them as the front-runner of all brokers. Although relatively new, it's obvious to see that they are already at the top of their game, with their impressive yet simplistic website and on-the-go mobile app.

Accommodating 13 different languages, they continue to push themselves to stand out within the online trading market. If you are new to the scene, there is no need to panic; they're here to not only guide you through the site but also educate each user so that they have all the relevant information to help them make an informed decision about each trade.

Currently, IQ Option offers its traders the highest trading payout amongst the leading binary options firms. While there are an array of special trading features that place them at the top of their game, how do you know if this broker is for you? Do they offer all the benefits of trading that will make your experience the best it can be? We dig deeper into what makes them one of the front runners in online trading.

In this review, you will learn:

  • What makes them stand out from the others
  • The different types of accounts available
  • How to trade with their bespoke mobile app
IQ Option Screenshot IQ Option Screenshot IQ Option Screenshot
Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Account Types

9.0
Account Types

Demo Account

The IQ Option demo account allows investors to trial the binary trading world, practising with $1000 money for free. Of course, with this option comes limitations such as only having 13 trading assets available. Other trading restrictions apply, but this is a free demo account, and it educates and helps build the confidence of all new beginners. Benefits include no deposit, no telephone details and no credit information.

Real Account

Aimed at those who have built up their confidence and knowledge through the Demo Account, the Real Account opens up a plethora of different options to users. There are more than 70 trading assets available, and you will have full access to all trading opportunities. Deposits are as low as $10, and traders can compete with other like-minded trading enthusiasts in virtual competitions. Withdrawals are fast and are usually processed in 1 business day.

VIP Account

VIP members are royalty among traders. They have all the benefits that are given to Real Account holders such as 77 trading assets, but many more valuable features also come with being a VIP. All VIP members have a personal manager assigned to them. Access to withdrawals is under 24 hours, allowing you access to your money faster than other account holders.

Supported Languages
Afrikaans
Arabic
German
English
Spanish
French
Hindi
Indonesian
Italian
Korean
Malay
Portuguese
Russian
Thai
Vietnamese
Chinese

Trade Types And Payouts

8.4
Trade Types And Payouts

It is common knowledge among binary brokers that one of IQ Option main strengths are their payouts to users, with most traded assets seeing a profitable trade out of around 84%. Of course, this is never a guarantee, as payouts depend on expiry times and the asset that has been selected.

The trading platform is very intuitive, and you can begin trading as soon as you log onto the site and navigate your way to the trading page. Once you get there, all you have to do is select the type of trade option you would prefer, the asset you want to trade and then finally, the amount you would like to trade. They have purposefully designed the website in such a way that it is nearly impossible for users to get confused. As it stands, there are two types of trading on offer. The classic binary option which is called/put and then the turbo option.

Call/Put Options

This classic option is where users have to decide whether they expect the price of an asset to be higher or lower than the current level by the expiry time. They have expiry times more than 15 minutes.

Turbo Options

Turbo options are entirely different from the latter. Turbo Options have their expiry time ranging from 30 seconds up to 5 minutes. Often this is an option usually preferred by the more experienced trader.

With most traded assets seeing a very profitable trade out amount of around 84%.

Bonuses And Promotions

8.6
Bonuses And Promotions

There isn't a broad range of bonuses available to account holders at this broker. Due to new regulation for EU Based CySEC licensed brokers they are no longer allowed to offer bonus incentives to new traders. As a result, all bonuses previously offered by CySEC EU brokers have been stopped.

There are plenty of promotional videos to be found online, and IQ Option invites its users to watch free educational demos by real-life traders, allowing you to gain tips and gather experience from the professionals. Once you build up your confidence with trading, you can also enter competitions and compete with fellow traders for guaranteed prizes.

Mobile Trading

8.8
Mobile Trading

The mobile app is currently #1 in 28 countries according to the App Store Ranking (Feb 2016) available from both the Apple app store but also the Google Play store too. Available on iOS (iPhone and iPad) and even Android. One of the key reasons for its success is the impressive yet simplistic features that it provides for users, making trading possible anywhere you can get an internet connection. Although this is an app, don't have any fears of missing out on crucial information that you would otherwise see on a desktop.

The app covers all the necessary details, laying it out in a mobile-friendly manner so that no mistakes take place with the press of a wrong button. Trading on the go is rapidly becoming more and more popular. IQ Option is available on both Android and iOS devices, and you can download it through the app above stores or the provider's website.

The mobile app features mirror those of the web-based platform and are simple yet offer high functionality. They haven’t cut any corners in the quality of graphics, and the overall impression of the app reflects the quality of IQ Option's global standards.

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Deposits And Withdrawals

8.2
Deposits And Withdrawals

When it comes to their extensive deposit and withdrawal options, they do set themselves apart from all other brokers. You can make a deposit or withdrawal using all major debit and credit cards as well as having the option of wiring the money across. IQ Option prides itself on its high-level security, making each transaction as stress-free as possible for the user. The site follows strict financial regulations making sure it is always abiding by the European banking safety rules.

Withdrawals are simple and can be done both on the desktop and mobile app. It usually takes around one business day to process the withdrawal of funds unless you are a VIP member where it will take less than 24 hours. If you ever find yourself having deposit or withdrawal problems you can call the customer service team 24/7 who will help you out in an extremely efficient and friendly manner.

Special Features

10.0
Special Features

One of the critical benefits to trading on here is the ability to choose if you want your charts shown as either a line chart or a candlestick chart. Traders are also able to condense the information displayed on the charts so that they can get a better overview of how the market is currently looking.

All these many benefits to trading establish IQ Option as one of the market leaders in binary options, Forex and crypto trading. In addition to the account types, mobile trading experience and bonuses, we take a look at the other features that make this broker an excellent choice for so many:

  • IQ Option offer other forms of trading including Forex, CFD and Cryptocurrency
  • A multi-faceted platform that delivers a trading experience designed to suit your trading style
  • A wealth of education and analytical tools to ensure that you grow as a trader
  • Low minimum trades and high payouts with 60-second options that aren't always available with all brokers
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Customer Support

8.6
Customer Support

There are two main methods of contacting this broker. You can either contact them by phone, they are available 24/7 or else send them an email. They also use all leading social media platforms such as Twitter, Facebook YouTube and Instagram to promote their website and offer users tasty tips on topics like risk management and how not to make a mistake on your first trade. Via Twitter, they are consistently answering customer queries quickly and offering help.

Although IQ Option has free demos and educational videos via their website, they also have a YouTube account where they are constantly uploading videos to help users and show beginners how easy it is to trade. With all the different options of contact available to customers, it is easy to see why this company stand out from other binary brokers. They want users to know that they are never alone during their trading and that they are always available to help through their numerous online social media accounts.

Here are the contact details for IQ Option:

  • Email - support@iqoption.com
  • Phone - +44 208 068 0760
  • Address - IQOption Europe Ltd, Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus

Conclusion

8.8
Conclusion

To conclude, IQ Option is currently the top binary options trading platform in the market as far as we are concerned. Their trading conditions are highly legit placing them firmly in the lead among all other binary brokers. All research and tests lead us to believe they are not a scam and value their customers. The feeling of security is backed up by licensing and regulation from CySEC, one of the industries leading regulatory bodies. They are highly visible with several methods of contact as well as a strong social media presence.

Equally impressive is their payout and rebate ratios, again unbeatable among their fellow competitors. If that wasn't impressive enough then their low minimum deposit requirement and minimum trade amount, a known complaint with other brokers should surely seal the trading deal.

With a technically advanced trading platform and an excellent mobile trading offering along with an extensive range of assets, they are committed to providing their customers with a high level of customer service and support when they need. All of these factors mean that when it comes to binary options brokers, they certainly get our vote.

Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain from referring new customers.

Frequently Asked Questions

FAQ

Is IQ Option legit, will they scam me?

Every broker that we recommend is legitimate. We review them all to ensure that they are regulated and licensed and that they operate within the terms of their licensing.

Do they have a decent mobile or tablet app?

An app is an essential factor for many traders who prefer to trade on the go; they do offer a mobile app both on the App Store and on Google Play Store, so there is something for both iOS and Android.

What bonus do they offer for new traders?

Sadly, they no longer offer bonuses. The lack of a bonus is mainly due to CySEC EU regulation which states new investors cannot be offered bonuses.

Can I start trading on a free demo account?

The demo account is one of the preferred demo accounts as it requires no deposit. You don't need to enter your credit card details to register and use a demo account.

What's the minimum deposit and trade amount?

The minimum deposit to open a trading account and start trading is just $10. With a minimum trade of $1, the real beginners can gently move into real trading without spending large amounts of money.

Meet The Author
Jacob Bailey
Jacob Bailey
Market Analyst
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Jacob has been an author for us since our launch in 2012. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations. Learn more.

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