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Home Brokers

IQ Option: is it suitable for you?

Read what you need to know about this regulated broker

Traders Cult by Traders Cult
March 18, 2021
in Brokers
Reading Time:5 mins read
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IQ Option Accounts

  • Real Account
    $10 VIEW
  • Demo Account
    $10000 VIEW

IQ Option Broker Review

IQ Option is a trading platform for beginners and as well as professional traders. You can choose the most popular trading assets (risk warning: your capital might be at risk) that are available in the Asset tab. You can also see the percentage of potential profit and trading hours of your selected assets. There is a wide range of instruments available for trading purposes and can avail the rich-features of the IQ Option (risk warning: your capital might be at risk) from your mobile app. The trading is entirely based on the knowledge and the directions chosen by traders. Your capital might be at risk because this Review is entirely based on estimations and factual information.

Unlike other brokers, IQ Option offers customizable charting tools to fit your needs. You can start with a minimum trading amount (risk warning: your capital might be at risk) of $1 that is affordable for all individuals. You can withdraw your profit by using the same payment methods that you have used previously for deposits. IQ Option is a trusted broker regulated by higher financial authorities i.e CySec. Over 50 million traders are registered on this award-winning trading platform.

Currently Playing

Account verification on IQ Option

Account verification on IQ Option

00:02:35

How to use the IQ Option platform?

00:03:09

How to deposit funds?

00:01:44

How to withdraw funds?

00:01:39

IQ Option Features

Instruments

Forex, Stocks, Crypto, Digital Options, Binary Options

Demo Account

Yes

Minimum Deposit

$10

Minimum Trade Amount

$1

Stop out level

50%

Regulation

CySec for IQ Option Europe Ltd. The legal entity that provides financial services for non-regulated (non-EU/EEA) countries is IQOPTION LTD, which is not regulated.

MT4/5 App

Not

Ctrader App

Not

Mobile Apps

Android, Microsoft and iOS

Automatic Trading

Not

Pre-Orders

Yes

Max Non EU Leverage

1:500

Max EU Leverage

1:30

IQ Option Country Restrictions

Accepted Countries

All Countries not mentioned below.

Forbidden Countries

Afghanistan, Albania, Australia, Belgium, Canada, the Czech Republic, Iran, Israel, Japan, Latvia, North Korea, Palestine, Portugal, Russia, Spain, South Sudan, Syria, the UK, and the USA

IQ Option Broker Assets

Forex

Available Assets

25+ (updated list)

Spread Average

10 pips

Crypto

Available Coins

BTC, TRX, XRP, BCH, ETH, EOS, OMG, ETC, QTUM, ZEC, LTC, DASH

Spread Average

10%

Stocks And Commodities

Available Assets

188+ (updated list)

Spread Average

15 pips

Binary Options (Binary options are prohibited in EEA)

Available Assets

45+ (updated list)

Early Closure

Yes, you can cancel the deal within 3 sec.

Conclusion

IQ Option (risk warning: your capital might be at risk) is a trusted online trading platform that is regulated by CySec. This robust trading platform is highly potential for both advanced and beginner traders. You can start trading by using a demo or real accounts on this feature-rich trading platform. You can use a variety of instruments including Forex, Stocks, Crypto, Digital Options, Binary Options. It offers a customizable user interface with easy payouts and minimum deposits. There are a variety of assets that comes as a plus with this online trading platform. But as we know there are multiple risks associated with online trading, so you must do your research before investing in order to avoid financial losses.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% 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.

The Review

IQ Option

80% Score

PROS

  • Wide range of financial instruments and trading tools
  • Large number of indicators are available for profitable trading
  • 12 types of cryptocurrencies are supported on this user-friendly platform
  • Strictly regulated by Cyprus Securities and Exchange Commission
  • Minimum deposit fees are needed for opening an account
  • Award-Winning Platform

CONS

  • Does not support MT4/MT5 trading platforms
  • Unavailable for US traders

Review Breakdown

  • Regulation 0%
  • User Experience 0%
  • Assets Choice 0%
  • Educational Tools 0%

IQ Option Accounts

Traders Cult test all brokers before making a review. We review regulated brokers only.

Min. Deposit Real

$10
  • Real Account
    $10 Open Account
  • Demo Account
    $10000 Open Account
Traders Cult

Traders Cult

Traderscult.com is a community of independent traders, working on Forex and other financial instruments since 2015 with the Educational Trades brand. Our purpose is to support traders experience through educational materials, videos, courses, reviews and more.

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© 2021 Traders Cult - General Risk Warning: The financial products offered by the companies presented here 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. All materials included in this site are NOT AN INVESTMENT ADVICE. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage

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© 2021 Traders Cult - General Risk Warning: The financial products offered by the companies presented here 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. All materials included in this site are NOT AN INVESTMENT ADVICE. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage

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