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IQ Option Broker Review

FX Scouts By Jeffrey Cammack Updated: March 9, 2020
Overall Rating
3.13 / 5
Min. DepositGBP 10
Max. Leverage30:1
Min. Spread1.1 pips
RegulatorsCySEC
Regulator Origin CySEC
Broker TypeMarket Maker

Summary

IQ Option focuses on making both Forex and Options trading accessible and exciting for traders. With an award-winning browser-based platform and connected apps; IQ Option's simple to use software changed the way options trading is done online. Tournaments are regularly run for all traders with cash prizes for the winners.

With 10 USD minimum deposits, video education material, and 24/7 customer service, any trader who is interested in trading binary options and Forex on the same account give IQ Option some consideration.

Reviews

Trust Rating
Trading Conditions
Trading Platforms
Deposit & Withdrawal
Education & Research
Assets Available
Customer Service
Beginner Friendly Standard
Bonuses None
Our Review Process

Trading Conditions

Minimum DepositGBP 10
Base currenciesEUR, GBP, RUB, USD
Number of FX Pairs57
Hedging Allowed No
Scalping No
Swap-Free Accounts No

Average Spreads

EUR / USD1.1
GBP / USD1.29
USD / JPY9.2

Company Details

Company nameIQ Option Limited
Founded2013
Website Visit Website
TypeMarket Maker
RegulatorsCySEC
Office locations St. Vincent and the Grenadines

Deposit & Withdrawal Methods

Supported Platforms for IQ Option

Most retail CFD accounts lose money. Your capital is at risk.

Compare CFD Brokers

Overall Rating 3.13 / 5 3.38 / 5 3.83 / 5
Minimum DepositGBP 10USD 200GBP 100
Regulation
CySEC CySEC
CySEC CySEC
FCA FCA
ASIC ASIC
CySEC CySEC
ASIC ASIC
FSCA FSCA
MAS MAS
FMA FMA
Broker TypeMarket MakerMarket MakerMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Indicies, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, Vanilla Options, ETFs
Forex Pairs574770+
Crypto Pairs12169
Read Full Review Read Full Review
Trust Rating 3.5 / 5 5 / 5 5 / 5
Trading Conditions 1 / 5 1 / 5 3 / 5
Trading Platforms 4 / 5 4 / 5 4 / 5
Deposit & Withdrawal 3 / 5 3 / 5 3 / 5
Education & Research 3 / 5 3 / 5 3 / 5
Assets Available 4 / 5 4 / 5 4 / 5
Customer Service 4.5 / 5 4 / 5 4.5 / 5
% Lose with this broker 83% of retail investor accounts lose money when trading CFDs with this provider 62% of retail investor accounts lose money when trading CFDs with this provider 76.4% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1400:130:1
Spread1.1 pips2.0 pips0.7 pips
Hedging No Yes No
Scalping No No No
Account Types
  • Live Account (Mini)
  • Professional (Standard)
  • Standard (Standard)
  • Standard (Standard)
Swap-Free Accounts Yes Yes
Trading Platforms IQ option etoro Plus500
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin Visa, Mastercard, Neteller, Unionpay, Skrill, Paypal Bank Transfer, Visa, Mastercard, Skrill, Paypal
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread
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IQ Option

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Overall Rating 3.13 / 5 3.38 / 5 3.83 / 5
Minimum DepositGBP 10USD 200GBP 100
Regulation
CySEC CySEC
CySEC CySEC
FCA FCA
ASIC ASIC
CySEC CySEC
ASIC ASIC
FSCA FSCA
MAS MAS
FMA FMA
Broker TypeMarket MakerMarket MakerMarket Maker
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Indicies, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, Vanilla Options, ETFs
Forex Pairs574770+
Crypto Pairs12169
Read Full Review Read Full Review
Trust Rating 3.5 / 5 5 / 5 5 / 5
Trading Conditions 1 / 5 1 / 5 3 / 5
Trading Platforms 4 / 5 4 / 5 4 / 5
Deposit & Withdrawal 3 / 5 3 / 5 3 / 5
Education & Research 3 / 5 3 / 5 3 / 5
Assets Available 4 / 5 4 / 5 4 / 5
Customer Service 4.5 / 5 4 / 5 4.5 / 5
% Lose with this broker 83% of retail investor accounts lose money when trading CFDs with this provider 62% of retail investor accounts lose money when trading CFDs with this provider 76.4% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1400:130:1
Spread1.1 pips2.0 pips0.7 pips
Hedging No Yes No
Scalping No No No
Account Types
  • Live Account (Mini)
  • Professional (Standard)
  • Standard (Standard)
  • Standard (Standard)
Swap-Free Accounts Yes Yes
Trading Platforms IQ option etoro Plus500
Funding Methods Bank Transfer, Visa, Mastercard, Skrill, Neteller, Bitcoin Visa, Mastercard, Neteller, Unionpay, Skrill, Paypal Bank Transfer, Visa, Mastercard, Skrill, Paypal
Trading Commission Fees Included in Spread Fees Included in Spread Fees Included in Spread

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Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Most retail CFD accounts lose money. Your capital is at risk.

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