Home / Best Forex Brokers in Malaysia / IQ Option Broker Review

IQ Option Broker Review

FX Author By Jeffrey Cammack Author Information Updated: July 4, 2020
Overall Rating
3.59 3.59 / 5
Min. DepositUSD 10
Max. Leverage30:1
Min. Spread0.9 pips
Regulators CySEC
Regulator Origin CySEC
Trading Desk Type

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

Regulation 1110.50
Trading Conditions 11110.5
Trading Platforms 11110
Deposit & Withdrawal 10000
Education & Research 11000
Assets Available 11110.5
Customer Service 11110.5
Beginner Friendly Standard
Bonuses None
Our Review Process

Trading Conditions

Minimum DepositUSD 10
Base currenciesEUR, GBP, RUB, USD
Number of FX Pairs57
Hedging Allowed No
Scalping No
Islamic Account No

Average Spreads

EUR / USD0.9
GBP / USD2.1
USD / JPY9.2

Company Details

Company nameIQ Option Limited
Founded2013
Website iqoption.com/en
Type Market Maker
Regulators CySEC
Office locations Saint Vincent

Deposit & Withdrawal Methods

Supported Platforms for IQ Option

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

Compare CFD Brokers

Overall Rating 1110.50 3.59 / 5 1110.50 3.33 / 5 1110.50 3.89 / 5
Minimum DepositUSD 10USD 200USD 100
Regulation
CySEC CySEC
CySEC CySEC
FCA FCA
ASIC ASIC
FCA FCA
CySEC CySEC
ASIC ASIC
MAS MAS
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Indicies, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, Vanilla Options, ETFs
Forex Pairs574770+
Crypto Pairs12169
Pros
  • Low minimum deposit
  • Wide range of assets
  • Well regulated
  • Good for beginners
  • Innovative trading tools
  • Well regulated
  • Wide range of assets
Cons
  • Unpublished spreads
  • Expensive withdrawals
  • Limited education
  • Limited market analysis
  • Limited education
  • Wide spreads
  • Limited education
  • Limited account options
Read Full Review Read Full Review
Regulation 1110.50 3.5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11000 2 / 5 11100 3 / 5
Trading Platforms 11110 4 / 5 11110 4 / 5 11110 4 / 5
Deposit & Withdrawal 10000 1 / 5 11000 2 / 5 11110.5 4.5 / 5
Education & Research 11000 2 / 5 10.5000 1.5 / 5 10.5000 1.5 / 5
Assets Available 11110.5 4.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Customer Service 11110.5 4.5 / 5 11110 4 / 5 11110.5 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 80.5% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1400:1300:1
Spread0.9 pips2.0 pips0.7 pips
Hedging No Yes No
Scalping No No No
Account Types
  • Live Account (Mini)
  • Standard (Standard)
  • Standard (Standard)
Islamic Account No 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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Plus500

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Overall Rating 1110.50 3.59 / 5 1110.50 3.33 / 5 1110.50 3.89 / 5
Minimum DepositUSD 10USD 200USD 100
Regulation
CySEC CySEC
CySEC CySEC
FCA FCA
ASIC ASIC
FCA FCA
CySEC CySEC
ASIC ASIC
MAS MAS
Trading Desk Type
Trading InstrumentsCommodities, Cryptocurrencies, Forex, Indicies, Equities, ETFsCommodities, Cryptocurrencies, Forex, Indicies, EquitiesCommodities, Cryptocurrencies, Forex, Indicies, Equities, Vanilla Options, ETFs
Forex Pairs574770+
Crypto Pairs12169
Pros
  • Low minimum deposit
  • Wide range of assets
  • Well regulated
  • Good for beginners
  • Innovative trading tools
  • Well regulated
  • Wide range of assets
Cons
  • Unpublished spreads
  • Expensive withdrawals
  • Limited education
  • Limited market analysis
  • Limited education
  • Wide spreads
  • Limited education
  • Limited account options
Read Full Review Read Full Review
Regulation 1110.50 3.5 / 5 11111 5 / 5 11111 5 / 5
Trading Conditions 11110.5 4.5 / 5 11000 2 / 5 11100 3 / 5
Trading Platforms 11110 4 / 5 11110 4 / 5 11110 4 / 5
Deposit & Withdrawal 10000 1 / 5 11000 2 / 5 11110.5 4.5 / 5
Education & Research 11000 2 / 5 10.5000 1.5 / 5 10.5000 1.5 / 5
Assets Available 11110.5 4.5 / 5 11110 4 / 5 11110.5 4.5 / 5
Customer Service 11110.5 4.5 / 5 11110 4 / 5 11110.5 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 80.5% of retail investor accounts lose money when trading CFDs with this provider
Leverage30:1400:1300:1
Spread0.9 pips2.0 pips0.7 pips
Hedging No Yes No
Scalping No No No
Account Types
  • Live Account (Mini)
  • Standard (Standard)
  • Standard (Standard)
Islamic Account No 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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Alert Most retail CFD accounts lose money. Your capital is at risk.

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