IQ Option Withdrawal Review

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IQ Option Review

IQ Forex Broker

Nowadays IQ Option is one of the most popular online trading providers and the greatest popularity it has in Eastern European countries. This broker tries to be sufficient, so it provides account opening with a very low deposit (10$) while maintaining a very high level of qualified service. The company was established in Cyprus in 2020 and further regulated by CySEC. Up-to-date principles of this broker attract many modern thinking traders. IQ Option clients include traders of all levels specializing in Forex, crypto, CFD trading. Review

Also in this IQ Option review we should mention about awards. The broker won Best mobile platform IFM Awards, 2020 Award of Excellence by Academy of Interactive & Visual Arts, Century International Quality Gold ERA Award from Business Initiative Dicrections Group, Best technology application by The Web Marketing Association and so on. Today IQ Option offers a very attractive platform, which is available on your mobile devices. When using IQ Option platform you can trade dozens of assets. Furthermore, you will be satisfied with IQ Option withdrawal, which takes only 1 working day.

Risk Warning: The financial products offered by the company 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.

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

Binary/Digital options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page.

Minimum Deposit $10
Maximum Deposit $1000000
Bonus Not Available
Minimum Trade Size $1
Trading Platform Broker`s trading platform, Mobile Platform
Account Types Real, VIP Account
Demo Account
Islamic Account
Account Currencies EUR, GBP, RUB, USD
Payment Methods
Withdrawal Fees Depends on the payment method
Traders From USA
Forex Trading
Forex Broker Type Market Maker
Maximum leverage 1:1000
Spreads type Variable
EUR/USD spread Variable
Bitcoin Trading
Maximum number of positions Unlimited
Mobile Trading
Trading Signals
Automated Trading
Options Trading
VPS (Virtual Private Server)
One Click Trading
Stop Loss (No Slippage)
EA (Expert advisors)
Clients Funds Segregated
Education Center FAQ Video Academy Video Tutorials
Options Trading
Option Types 15 Minutes, 60 Seconds, Classic Options, One Month, Turbo Options
Return Rates 92%
Safety Net Up to 45% return in case of a wrong prediction in Real account
Touch Options (Max Rates) 0%
Educational tools Video Tutorials Beginner Video Academy Beginner Video Tutorials Intermediate Video Academy Intermediate Video Tutorials Advanced Video Academy Advanced FAQ Extras
Assets Commodities, Forex Pairs, Indices, Stocks, Crypto,
Commodities Gold, Silver, Gold/USD
Indices DOW JONES 30, S&P 500, NASDAQ 100, NIKKEI 225, DAX 30, FTSE 100
Customer Support
Email [email protected]
Contact form
Live Chat
Call Back
Support Hours 24/7
Supported Languages

Cyprus Securities and Exchange Commission


Depends on the payment method

Up to 45% return in case of a wrong prediction in Real account

Touch Options Payout (Max)

IQ Option Withdrawal

IQ Option platform is integrated into a high-tech customized website for traders to use straightforward instruments in their browser. The broker added several innovative features that help investors to monitor and control their trades with efficiency. Users can follow up to 4 charts simultaneously in the same window and just wait for the right moment to invest. They can see all their trades in a single picture with the most important details like amount of output, size of investment and duration of the trade. All the images are automatically added to their social network profiles. When trading it is possible to see the list of the most successful traders and deals, so you can follow others just to get an idea about trading or market analysis.

This broker offers over 500 assets that are available at different time of a day depending on the working hours of exchanges. With IQ Option you can trade these assets with practical and user-friendly instrument.

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As a step up in trading experience, broker offers Turbo Options with the expiration term of 60, 120 and even 240 seconds. In our review our team can certainly say that the difference in experiences is substantial because such option decisions should be made in a matter of split seconds.

Finally, IQ Option does not offer a very wide range of instruments. But, even with all considered things, the great advantage is IQ Option withdrawal amount of $2. Maybe, very sophisticated and demanding traders will find other platforms more interesting, but it will be more than enough for traders.

IQ Option withdrawal is supported by a variety of options: VISA and MasterCard, Skrill, CashU, Moneta, YandexMoney, Liqpay, QIWI, PayPal, Webmoney, PoliPayments, Wire transfer etc. When visiting IQ Option web-page you may notice a very interesting feature, namely, a special tournament (Subject to Terms & Conditions) organized for all traders. Every day there is a competition between traders and if you make the right predictions, you can gain a grand prize. Amounts can be rather different starting from $250 and up to $17 000 and more.

Also in our IQ Option review we have to highlight the IQ Option interactive education system. Educational videos on different topics and how to enhance and sharpen skills are available for traders upon registration.

IQ Forex and CFD

Emanating from its experience, IQ Option decided to enter the Forex and CFD market, equipped with lots and lots of Forex features in order to open new markets for its clients. Starting as usual from the IQ Forex low minimum deposit of 10 USD and lowest ever minimum position size starts from just 1 USD (0.01 lot) with IQ Forex Broker.

IQ Forex trading accounts are:

The real account and the VIP account available fro registering upon request with a deposit of 3000$, along with the free of charge Demo account.

IQ Forex Broker offers around 27 currency pairs from EUR/USD to USD/SEK in addition to CFD on Gold and Gold/USD. IQ Forex and CFD spread variable which suits the long-term traders, EUR/USD minimum spread is 0.5 pips. Leverage up to 1:1000 on IQ Forex and CFD.

IQ offers two types of platforms: Desktop platform and Mobile platform, but unfortunately doesn’t offer the famous MT4 yet. However, while trading on IQ Forex broker platforms, traders are allowed to use scalping, hedging and one-click trading along with great trading features such as automated trading and trading signals.

In addition to Forex and CFD trading offered by IQ Option, the broker presents its client with the opportunity to trade on up to 12 crypto currencies such as ( Bitcoin, Monero, Omisego, Bitcoin Cash, Santiment, Dash, Litecoin, Ethereum Classic, Ripple, Ethereum, Zcash, IOTA).

IQ Forex broker has won a lot of trading awards such as Best mobile platform IFM Awards, Best technology application The Web Marketing Association and Century International Quality Gold ERA Award and many more.

IQ Option Demo

IQ Option is one of few brokers in the marketplace who offer a demo. With IQ Option demo you can try basic features to build up your experience and get to know more about financial market before investing real money.IQ Option demo account holder can trade only 13 assets with some limited opportunities.

If you have any questions or you need a consultation, after reading this review, then you can get in touch with broker’s representatives in order to get fast and professional assistance. You may use web-form, email, on-line chat or phone for this purpose. Customer support is provided in several languages, including English, Russian, Chinese, Spanish, Portuguese, Indonesian, Turkish, Italian, German, Korean, French, Swedish, Norwegian, so you won’t have any troubles with getting assistance in your native language.

It worth mentioning that Traders can trade on the Demo and the real account simultaneously as both accounts are combined into one account for traders to switch between them when needed.

IQ Option Account types

We should also mention in our IQ Option review about two types of live accounts.

Real Account: in order to open it you should make an initial deposit of at least $10. It’s very comfortable especially when you are not ready to invest a substantial amount and want to try the real feel of trading. Real Account holders can enjoy such benefits. It takes one working day to process your IQ Options withdrawal requests and there is no fee or commission charged for transactions except for wire transfer in the amount of 53$. Every trader has a full access to all opportunities.

VIP Account: if you are going to make an initial deposit of at least $1000, then you are to become a VIP Account holder. Therefore, you will get access to such benefits and features as personal manager, monthly analysis of all your trades with your personal manager and much more. You should note that withdrawals are processed within 1 business day.

IQ Option Scam

Up to date there is a lot of scam providers, and sometimes it seems that every new platform tends to be fraudulent. In IQ Option review we decided to find out whether there are any IQ Option scam complaints. This broker is not a newcomer in the business and is very popular in Europe, Asia and South America. But despite such territorial predisposition, thanks to its outstanding platform and a variety of assets, it has a lot of customers from all over the world, and therefore, it always tries to provide the highest level of services. And you should remember that the higher is the status and number of its users, the more reliable is a company. Furthermore, this company provides all users with an IQ Option demo account, so that they could try a platform for trading and its capabilities.

Up to date, the greatest number of complaints about the scam are because of two reasons: unregulated brokers and inexperienced traders. And you should always firstly check the broker on its competence before you make a deposit.

IQ Option company is CySeC regulated and known as a legit broker. In the case of inexperienced traders who are spreading rumors about IQ Option scam, we should remind that one should always read broker’s terms and check one’s every move connected with a deposit. And given the fact that investments and withdrawals can be performed through different ways, each customer can choose the most transparent and the most suitable method for himself.

There are some negative reviews that the broker too meticulously checks documents for financial transactions. But just think, it is done for the security of your savings.

IQ Option Review

Your Capital might be at Risk

In this IQ Option Review, we will do an in depth analysis of one of the biggest Binary Option brokers in the industry. We will take a look at the trading platform, customer service and regulatory oversight. The FXaxe reviewers also decided to delve into the Binary Options community to gather as much information as possible on IQ Option.

IQ Option has been operating as a broker since early 2020. Since then, we have observed how the broker has grown their online presence and reputation. Many traders would also be aware as to efforts that IQ option has gone to furnish their brand. They are sponsors of the Aston Martin racing team and have no doubt garnered lots of interest from motor sport fanatics.

The FXaxe reviewers also tried out the IQ option trading platform and posed as potential traders. This allowed our team to get a good sense of the way IQ option would treat their traders and how successful traders could be on their platform.


First Impressions of the Site

When we first arrived at IQ option we were surprised at how simplistic the initial landing page was. There was relatively little clutter and no overt marketing gimmicks. This is something that we usually find to be a positive attribute given the amount of brokers who spam their landing pages with selling points. Clearly IQ option knows that their product can do the selling.

When it comes to registration on the site, it is relatively straight forward and only requires some basic information. You can either choose to first start trading as a demo account or you can deposit the relatively small minimum amount of only $10. This at first startled us as we had never seen a broker with such a small minimum deposit requirement.

Our demo traders invested $50 as we thought that this was enough for us to get a sense of the trading platform and the customer service.

IQ Option Trading Accounts

Another thing that really surprised us about IQ Option was there account options. Unlike many other Binary Option brokers, IQ option decided to keep it simple with only two different account options. Although this may be disappointing for those traders who valued a VIP service, IQ Option clearly wanted to see all traders on the same level.

They were of the view that all traders should be respected and treated with the same amount of care irrespective of their investment size.

  • Real Account. This is one step up from the demo account and can be accessed with the minimum investment of only $10. With this account, you can request withdrawals and they are processed within 24 hours. You can also partake in the numerous trading competitions that they have at IQ Option. There are no restrictions on trading functionality with the real account and the trader has access to over 70 assets to trade.
  • VIP Account. One level up from the real account is the VIP account. This is available to all traders who deposit more the $3,000. Apart from all the standard features that come with the Real account, the VIP account also comes with a personal manager. This manager stands at the ready to help out traders with general account questions. One interesting benefit that we found comes with the VIP account is a monthly report on your trading record by their analysts. Nothing is more important than understanding your returns and how different strategies have worked.

Deposits and Withdrawals

IQ Option takes a number of payment options when it comes to funding your account. These include Master Card, Visa, Web Money, Skrill, Cash U, Neteller and Wire Transfer. The deposit amount depends on the account type that your are considering opening. If you are only interested in the Real account then you only have to deposit a minimum of $10.

Although you can elect to trade on the $3,000 VIP account, you have to first be comfortable with your trading before you consider investing more than you are willing to lose. What we would recommend is investing about $100 and then measuring your performance over the first few months. This will mean that you can best understand your expected return from accounts with more funds in them.

IQ Option prides themselves on how many withdrawals that they have processed over the past year. This was impressive but we wanted to see this in action for ourselves. When we requested a withdrawal from IQ Option, they acknowledged our request and told us that it had been forwarded to their payments team

In order to prevent possible money laundering, the IQ Option team requires proof of identity and address. Assuming that all of these documents are in place, the trader can request payment using the same methods that he used to deposit the funds. Once complete, the withdrawal is done in under 24 hours. You can also request a withdrawal amount anywhere from $2 up to $1 million.

IQ Option Trading Platform

Unlike many Binary Option brokers, IQ Option has chosen to develop their own proprietary platform. The seamless navigation on the IQ Option platform really impressed us. This allowed a trader to easily locate the tools that they needed on the fly. IQ Option claims that the platform was developed by traders for traders. It does indeed feel like that.

We also liked the fact that traders had a range of charting tools such as Bollinger bands, Momentum and moving averages. Despite this added functionality, the platform still seems uncluttered which is indeed a dream for an avid technical chartist. The platform is also pretty easy to understand and all of the functionality included does should not deter new traders who are merely finding their feet.

There are over 100 assets to trade on the platform including Commodities, Equity, Forex and stock indices. In terms of expiry time, the Options range from 60 seconds all the way on to end of day. This allows the trader to hone a day trading strategy that best suits their timeframe.

Unfortunately, the platform does not allow for an early termination of the trades. However, given that the minimum investment per trade is only $1, early termination is not really worthwhile assuming investment amount is not considerable. When entering trades we also found the trades are registered really quickly. This means that the trader can implement a number of scalping strategies. IQ Option call this “turbo” trading.

IQ option has also decided to withdraw their Robot Trading system for traders. Although this may be disappointing for those traders who would like to use algorithms to trade. We do, however, have a number of alternative trading robots for you to try.

IQ Option also values international traders who’s language is not English. That is why the IQ Option platform has been translated into at least 13 different languages. In fact, IQ Option were one of the first brokers who started offering their services in Russia.

American Options

On top of the standard Binary Option offering, IQ option allows traders to trade classical American Options. These are essentially options that have all of the benefits of the Binary Option (limited downside) but do not cap the upside.

Many traders have issues with Binary Options as the payout often does not warrant the amount that has been staked on the trade (not 1 to 1). Hence, with the American options the trader has the benefit of an infinite upside.

The American option at IQ Option can also be traded on a at least 100 different assets from stocks to commodities and equities. They are also traded on an exchange and external liquidity provider. This means that you are probably getting the best prices that you can for the options.

Another great benefit of an American option over a Binary Option is that the option can be exercised prior to expiry. Binary options function like a European option in that exit can only be done on the expiry of the option. This places a winning trade at a disadvantage.

However, if you like the benefits of large payouts on binary trades that are far out of the money, that is where the IQ Option digital options come in handy.

Digital Options

Another great feature of the IQ Option platform are there digital options. These are essentially a combination of a binary option and a CFD.

They allow the trader to choose the expiry rate on the PUT or CALL option that they like. This means that they could target rates that are either currently in the money or are significantly out of the money.

The contracts that are significantly out of the money would allow the trader to make considerably more money on their initial investment. Some of these accounts have returns that are as much as 2,000%.

Of course, unlike traditional binary options or European Options, digital options allow the trader to exit the position before expiry of the trade. This means that the trader could indeed realise their profit early should the trade have been in the money.

However, unlike CFDs digital options only have a maximum defined loss. This means that the trader will only ever lose the initial investment that was required for the option investment.

This is why digital options may be the ideal alternative for those traders who would like the high return and early exit benefits of a CFD with the defined downside risk of a binary option.

IQ Option CryptoCurrencies

As anyone who is following the financial markets must know, Cryptocurrency looks to be taken over in a big way. IQ Option was one of the first option brokers to start offering a range of Crypto Currency CFDs.

We have previously covered tips around how to trade bitcoin and how to trade ether but IQ Option offers at least 10 other alt coins for you to trade. These include Bitcoin Cash, Dash, Ethereum Classic, Monero, Zcash, Omisego, Ripple, Litecoin and IOTA.

This will allow the trader to make some really high returns on these volatile assets. It is also worth noting that because they are so volatile, the trader should take extra caution and make certain that they have adequate and strong stops in place. Currently, IQ Option does not offer leverage on their crypto currency pairs.

We also asked someone at the IQ option team whether there were any other plans to include more Crypto assets on the platform. They confirmed that the moment more trading demand picks up in some other alt coins, they will be added to the platform. This is something that we are quite excited about.

IQ Option Mobile Platform

The IQ Option Mobile Application really stood out for us. It does indeed seem as if IQ Option has invested a considerable amount of money on the mobile functionality. The app is really easy to use and has a clean and relatively simplistic graphical interface. However, traders still have most of the charting options that they have on the standard platform.

When using the mobile charting feature, the trader can easily adjust the time horizon, plot trend lines as well as resistance and support levels. Moreover, unlike many of these other application, trades are entered just as quickly as they are on the web application. This means that you would be able to catch trends and reversals in an optimal time frame.

The app also keeps you up to date with the trading by push notifications. You can set key trading levels and the application will alert you to a breach of these levels. This means that no matter where you are you can enter a profitable trade.

IQ Option Regulation

IQ Option is owned and operated by IQ Option Europe Ltd. It is regulated by CySec (Cyprus Securities and Exchange Commission) with registration number 247/14. When a broker is regulated by CySec it means that they are authorised to sell their products to clients in the EU. The FXaxe reviewers were impressed with the transparency with which the broker operates on a holding company level.

If one were to take a look at IQ Option’s terms and conditions, you can see that they take their regulation very seriously. For example, when CySec started to outlaw bonuses on deposits last year, IQ Option was one of the first brokers to do away with it.

It also seems as if IQ Option has taken additional steps that are not really required by CySec to shield their clients. These include policies on how client funds are secured as well as withdrawal policies and privacy policies. Indeed, many traders may find IQ Options initial documentation as quite onerous but this is all to make certain that both the trader and IQ Option are protected in the case of any disputes.

Customer Support

Although customer service was quite responsive and helpful via email, there was quite a delay in the response. It is also quite unfortunate that there is no live chat and phone support. This meant that if there was a pressing issue with our account (such as security), we could not urgently get in touch with the broker.

Traders can of course elect to get the VIP account and this would allow them to make use of the personal account manager. However, traders would need to invest $3k in order to benefit from this service. Although we would have liked to have seen better responses from IQ Option we can only assume that this was as a result of the sheer volume of traders on the platform and it was not a something we worried about.

Education and Training

One place where IQ Option really shined for us was their training and education materials. Firstly, the demo account is a great way for new traders to learn the ins and outs of trading without risking it on the market. This demo account gives you “virtual” funds to trade. This is usually $1,000 and you can place virtual trades.

Indeed, a popular “scam” tactic that is used by Binary Option brokers is to offer a demo account that has different trading levels than a real account. This means that the trader would be duped into thinking that the trading is way more profitable than it actually was.

The team at FXaxe opened a demo account and traded on a real account to confirm that the levels were indeed consistent. We can confirm that IQ Option is completely honest and transparent with their demo accounts. The trading conditions on the demo account are exactly the same as those of the real account.

Yet, this is only where the training starts. Once you have invested, you have access to all of the interactive training materials on offer. These include a number of trading strategy videos, webinars, tutorials and a number of e-books. These training materials are also well suited to traders of different skill levels from a complete beginner to advanced traders.

IQ Option Trading Competitions

Something that we found quite refreshing were the trading competitions that IQ Option had available. Traders are by their nature really competitive and this was a great way for them to test their skills against other traders. Apart from the numerous prizes on offer, these Binary Option tournaments also bring a great deal of light hearted fun to trading.

There is a small entry fee that is required in order to partake in the tournament. They happen regularly and are usually about 30 minutes in length. This means that the trader does not have to spend too much time on the competition. When you sign up for the competition, you are given $10k in virtual funds (similar to the demo). At the end of the 20 minute competition, the trader with the highest returns wins the prize.

The prize sometimes depends on the number of people who have entered that particular tournament but it can also be fixed on some occasions. The trading competition also allows you to “buy in” again to the tournament once you have depleted your demo funds. This will then replenish your 10k demo funds and allow you to continue trading similar to an extended game of poker. The tournament can also be quite lucrative as prize money is sometimes up to 100x the entry fee.

In order to get a better sense exactly of how the tournament worked, a member of the FXaxe team signed up to one. We founds it really quite exciting especially when you start climbing the rankings. It also involved quite a bit of psychology as our trader needed to anticipate the strategy and returns of the other competitors. Hence, one could adjust how aggressive they wanted to be based on the position of the other traders.

IQ Option in the Press

As we have seen, IQ Option seems to really value their public image. Apart from the obvious publicity that comes from sponsoring the Aston Martin racing team, IQ Option has received a number of broker awards from the community. For example, IQ Option recently won an award from MasterForex-V for being the most reliable brokers on the market.

They also won an award from Show FX World for being the most innovative Binary Option broker. Unlike most brokers who claim to be “industry leaders” with no verifiable record, these awards are indeed from reputable sources and added more confidence in our view of IQ Option.


In conclusion, our reviewers were quite impressed with IQ Option and hence awarded it such a high ranking. It is quite rare for us to come across a broker that we find ticks most of our boxes in terms of transparency, regulation and functionality.

The platform and trading application is functional enough for professional traders while being simple enough for beginners learning their craft. This most likely came down to the unique design of the platform bespoke to the needs of IQ Option and the traders it collaborated with.

While on the platform, we found the trading to be smooth and effortless. Moreover, the trading competitions were an interesting add on that really intrigued our reviewers.

There were a few noted drawbacks of course. Firstly, IQ Option only has two account levels. Traders who wanted to get more extensive interaction from a dedicated account manager may be disappointed with this. We also found the lack of chat or telephone support to be unfortunate especially for urgent queries.

Lastly, IQ Option is not available to people who are resident in the United States, Canada, Israel and Japan. You can read more about binary and forex brokers which are regulated to offer services in these jurisdictions.

However, if you are a trader who is not in one of these countries and wants to use the most innovative and time tested broker on the market, then IQ Option is one of your best bets. It gets our FXaxe stamp of approval.

IQ Option Review


IQ Option, founded in 2020, operates in Europe under the holding company Investlab Trading Limited and despite being relatively new on the binary option scene, it has already made its mark in the industry. Headquartered in London, UK, IQ Option has headquarters in Cyprus and Russia but has several international phone numbers so that traders can call locally to contact the company if desired. IQ Option offers traders low minimum deposits and high payouts as well as opportunities to win attractive prizes ranging from $250 to $500 in trading competitions organized by IQ Option.

The IQ Option website is straightforward and easy to navigate. It is available in English, Spanish, Indonesian, Italian, Portuguese, Turkish and Russian and goes out of its way to meet the needs of traders in the global community who are able to trade in their own language.


There are 2 main accounts plus a demo account at IQ Option. The Real account starts with a minimum deposit of only $10 and $1 is sufficient to cover a trade. IQ Option guarantees up to 45% return for incorrect predictions and offers a bonus of up to 80% on the each deposit. The VIP account has a minimum deposit of $1000 and returns up to 60% if a trade goes in the wrong direction. All deposits receive a bonus of up 100%. Holders of the VIP account also receive a personal financial manager and a monthly analysis of their trading with the broker’s analysts. When doing this IQ Option review, a bonus of up to $1000 was being offered.

IQ Option offers a large choice of assets including Forex, equities, gold, and indices. The withdrawal process is guaranteed to be completed within 1-3 days.

Unlike many other binary options brokers, IQ Option offers novice traders the opportunity to open a demo account from which they can practice their trades without using real money and avoid the risks involved in real trading. There are over 30 assets to choose from in the demo account and anyone opening a demo receives a free introductory webinar with important trading information and tips on how to trade profitably.

The payouts offered by IQ Option are one of the highest in the binary trading industry and traders can earn as much as 92% on their investments given the right conditions. There are no spreads or commissions which is unique in the industry.


The deposit and withdrawal procedures are relatively straightforward, easy and fast and can be made through various methods including bank wires, credit cards, Skrill, WebMoney, Polipayments and other online payment plans.

When it comes to education, IQ Option offers a series of very interesting opportunities where registered account holders can participate in courses which include different trading strategies such as Japanese Candlesticks, Bollinger Bands, Trend Lines, Support and Resistance, Moving Averages and more. I was introduced to a very interesting new strategy—the Alligator—which gives market direction and periods of no trend and whose main goal is to determine the trend direction and its strength.

There are tournaments for traders to choose from to make extra money. When I did this IQ Option review, all the listed tournaments had expired but $40,000 in cash was offered for random deposit amounts. For example, a deposit of $2000 and over was eligible for a cash prize of $10,000.

IQ Option is the recipient of several awards including Most Reliable Binary Option Broker 2020 by MasterForex-V and the Most Innovative Binary Option Broker 2020 by Show FX World.


IQ Option is under CySEC regulation and is currently one of very few binary options brokers to hold such a license. This license should make traders feel more secure when depositing with IQ Option as the company adheres to strict standards of honesty and reliability.

U.S. and Japanese clients cannot open accounts with

Customer Support

Customers can find answers to most of their questions in the detailed FAQs section of the website and if they don’t find their answers, they can contact the broker’s customer service department directly either via live chat from the website, by sending an email on their website form or by phone with local numbers available for customers in London, Canberra and Singapore.


IQ Option offers everything a trader needs for profitable binary options trading. The low minimum deposit is a great advantage as is the availability of a demo account which is both extremely rare and extremely welcome. The IQ Option website is clear and user-friendly. The deposit bonuses are some of the highest among binary option brokers, and the trading platform has reliable pricing and solid execution.


There are many interesting features at IQ Option including a wide variety of different assets for traders to choose from. The feature that IQ Option seems to be the most proud of is its a free demo account which appears prominently on the front page of the website. The demo is especially important for first-time, inexperienced traders who would like to try out binary option trading before committing any real funds.


IQ Option offers a trading platform which hosts quotes by Thomson Reuters for precise quoting and the utmost reliability. The platform appears to be proprietary, which is a refreshing change in an industry where most platforms are extremely similar, if not the same.

Somewhat unusually for a binary options platform, close to 100 assets are available to trade. This is a very wide selection. At the top right of the screen there is a plainly visible tab that tells you exactly how many instruments have their markets open and are available to trade at the present moment, which comes in very useful. Clicking on the tab gives you a useful drop-down menu showing the details of all the currently available assets, the current profit payouts, and how much longer there is until the relevant market closes.

The platform is split into two modes: “Turbo” and “Binary Option”. In Turbo mode, you may trade options which expire 1, 2, or 3 minutes in advance. In Binary Option mode, you may trade options which expire up to 1 hour in advance. It is very suitable for people who like fast trading on short timeframes.

The trading mechanisms are simple, easy to use, and fairly intuitive: you select the size of the option you want trade, the time of expiry, and then there is a sliding scale where you allocate exactly how much you want to risk. The higher your risk, the higher your reward will be if the trade is a winner. When you hover your mouse over “Call” or “Put” an arrow appears on the chart to show the direction you are trading in, which is helpful. There are some other nice chart features that make it easy to understand exactly what is going on: a dotted vertical line is shown at the times that last possible trade and expiry will take place, as well as a timer countdown. Additionally, there are sounds made when you make a trade, and then different sounds are triggered when the option trade moves “in” or “out” of the money, so you can easily see whether the trade is going to be a winner or a loser at the current market price. Taken together, these features provide good safeguards against costly trading errors.

Shapes, lines, and indicators may be placed on the chart, and the price may be shown as bars, candlesticks or a moving line. It is safe to say that however you prefer your chart, and whatever kind of technical analysis you want to do, the platform can accommodate it easily.

The platforms also shows a history of trades made with results, as well as any current open trades and their money status as winners or losers according to the price.

IQ Option Review


The IQ Option company has set a goal to create the best solution on the market. Working with the IQ Option traders, you get access to a new and innovative platform for binary options.



Minimum Deposit $10
Max Payout 91% in case of correct prediction
CFD Spreads 5-10 pips on Majors
Support Features Email, Contact Form and live chat
Demo Account Demo
Deposit & Withdrawal Methods Visa, Mastercard, Bank Wire, Skrill, WebMoney, Cash U
Account Currencies USD,GBP,JPY,EUR,RUB,CAD,Yuan,NZD
Jurisdiction Cyprus
Languages Available English, Turkish, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Indonesian
Option Types High / Low, Dynamic Option, Classic Option, Forex & CFDs
Option Expiry Times 60 seconds to 24 hours
Mobile Trading iOS & Android
FXaxe Rating
Broker IQ Option
Website URL
Founded 2020
Headquarters Hinds Building, Kingstown, St. Vincent and Grenadines
Support Number +357 25 262 010
Support Types Online chat, e-mail, calls (Support 24/7, 14 languages)
Trading Platform Self-developed trading platform
Minimum 1st Deposit $10
Minimum Trade Amount $1
Maximum Trade Amount $20 000
Payout Up to 91% *
Leverage 1:1000
Spread from 0, 007 points
Free Demo Account Open Demo
Fee Info Only for withdrawals via bank transfer (31-93 USD, no minimal amount)
Deposit Methods Visa, Master Card, Wire Transfer, Skrill, Qiwi, WebMoney, Fasapay, Neteller, Boleto
Withdrawal Methods Visa, Master Card, Wire Transfer, Skrill, Qiwi, WebMoney, Fasapay, Neteller, Boleto
Number of Assets 500+
Expiry Times 60 sec, 2 min, 5 min, 10 min, 30 min, 1 Hour, 3 days, 1 week, 1Month
Types of Assets Indices, Commodities, Currency Pairs, Stocks, Forex, Equities, Cryptocurrencies
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 9.8/10

Additional Information

  • Download the iOS mobile app
  • Download the Android mobile app
  • Download the iOS IQ Option Forex mobile app
  • Autotrading: no
  • Training: yes
  • Analytics: yes
  • Affiliate Program: yes (Registration)

Full Review

*Amount to be credited to account for a successful trade.

«General Risk Warning: The financial products offered by the company 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».

«Digital and binary options are prohibited in EEA».

One of the advantages is that the broker IQ Option follows all regulatory rules to ensure secure trading.

Options of the broker IQ Option

The leading broker offers its users profitable trading in foreign currencies on one of the largest and most liquid financial markets – Forex. Cooperation with IQ Option is an excellent opportunity to receive a stable income from Forex trading on the best terms: the trader can count on a large selection of volatile assets, narrow spreads, fast execution of orders, hedging, a free demo account and fast transactions within the system. Additionally, there aren’t any commissions or slippage. Today it’s one of the most ideal conditions for trading on the market.

All the main operations are carried out on a perfect platform, which appears to be the development of the broker IQ Option itself. The platform has made trading a comfortable and convenient process. Here you can change the terminal skins and types of charts, add indicators and graphic elements for advanced technical analysis, use several charts at once, close several trading positions with one button, use the multiplier to increase your earnings, study the history of quotations, adjust stop-loss and take-profit orders.

Forex trading

The functional terminal IQ Option is available on different devices, including the availability of downloading a mobile application for free, which will provide constant access to the market, regardless of where you are. The highly informative broker’s website will also enable you to improve your skills by studying qualitative teaching materials. Traders can use an economic calendar and online chat. In order to make Forex trading (truth about Forex) with this broker more profitable, users are provided with professional support, including volatility signals, current market news, promotions, newsletters, etc.

The multiplier option for Forex trading will enable you to significantly increase your income by using the borrowed funds that the broker provides to you (by simply opening a position of $100 with a multiplier x10, you will get a profit commensurate with the investment of $1000). So, you can trade in impressive amounts, while having a minimum deposit on your account. It’s possible to increase your trading capital from 1 to 1000 units (х1, х20, х50, х100, х300, х500, х1000). However, it’s worth remembering that the risks associated with such trading are also high. But if you take seriously the capabilities of this tool, it will bring you unlimited profits.

Since October 2020 the broker started providing unfettered users with increased multiplier x20 for trading CFD for shares. In high volatility periods in the stock market the multiplier may become a very gainful trading way for those traders looking for a chance to earn on price changes. With the broker a unique option is available: investments of funds exceeding the trader’s budget. For instance, you may open a stake for 500$, apply the multiplier x20 and get profit you might obtain investing 1000$. In case the transaction completed not in favor of trader, his negative earnings will be limited just by 500$, and he won’t lose more than he invested.

Risk warning: your capital might be at risk

Trading in digital currencies with IQ Option

The broker IQ Option is truly interested in providing its clients with assets. That’s why the broker’s clients have an opportunity to trade in crypto assets, which are currently booming. Following the trends of the time, the broker offers clients and holders of crypto assets a perfect solution – provision of the service necessary for full-fledged trading in digital coins. On the broker’s platform you can freely sell or buy digital currencies and store them in crypto wallets for free.

Working with this organization guarantees exceptional security of information and funds, the stable operation of the platform, and high earnings on trade in the most liquid crypto assets as well as fast withdrawal of money. Investing in cryptocurrencies with the IQ Option broker is legal and safe. Unlike crypto exchanges, working with the broker means dealing with a licensed and well-regulated company, which has a monthly trading volume of more than $11 billion. The broker uses modern security protocols as well as encryption methods to ensure the maximum protection of your capital. All users of the system are offered OTN tokens (Open Trading Network), which are given for trading in crypto assets: the more you trade, the higher your commission, on which the system pays out tokens (are cryptocurrencies a scam?). Further, they can be easily exchanged for OTN-coins, withdrawn to the wallet or sold to earn an income.

The perfect IQ Option platform will enable you to maximize your benefits from trading. You can conveniently trade in digital coins, conduct deep market analysis, study the history of your transactions, etc. Only the best cryptocurrencies are available for investment: Bitcoin, Dash, Ethereum, Bitcoin Cash, TRON, Ethereum Classic, ZCash, Litecoin, Ripple, etc. The system allows the quick purchase of these digital coins in various ways, including bank cards (VISA/mastercard). You can easily withdraw digital assets from the platform. Moreover, the broker provides its users with free crypto wallets to store digital currencies. These wallets are automatically created for each investor. Thanks to the mobile version, crypto trading is available 24/7, at any time you find convenient. In addition, the broker is happy to offer customers high-quality technical support that is capable of resolving issues of any complexity in just 46 seconds, 24/7/365. Without exaggeration, it’s the fastest support service among brokers.

Another advantage of IQ Option is an awesome ability to invest in digital assets using a multiplier, which can increase your earnings by several times using even minor price changes. This tool came to crypto trading from Forex and immediately became popular with users. Thanks to this unique option, you can trade in crypto assets with a minimum deposit and receive unlimited earnings with the help of borrowed funds provided to you by the broker. Leverage (in the case of IQ Option, it’s a multiplier) offers work with positions that exceed the actual balance of your trading account several times. Opening a deal for $100 with x5 leverage, you can earn real income of $500 as if you invested $500. The broker offers to increase the crypto capital for work with the help of the following multipliers: x3, x5 and x10. We note that traders prefer to use high leverage, which gives tangible results from trading in digital assets (2020 cryptocurrency forecast).

Risk warning: your capital might be at risk

Crypto wallet Hodly

You’re welcome to get familiar with Hodly. It’s the perfect way to have your crypto traffic monetized. The broker IQ Option officially released a new convenient crypto wallet called Hodly. Despite the fact that it’s very easy to use, it’s a serious product, which can help traders earn money by investing in crypto assets. Having downloaded a free wallet (App Store, Google Play), you get a safe and powerful tool that will help you to easily monetize the chosen cryptocurrency. You can buy, sell or store digital coins in just a few clicks. The application has a built-in news feed, enabling you to track market trends.

Due to the fact that you can store currency here, you don’t need to look for crypto wallets, pay for transfers, or send digital coins to exchanges to for pay trading. Now all of these functions are available in one reliable solution.

Features of Hodly:

  • Fast deposits, rapid withdrawal of capital on a bank card;
  • Safe storage of funds: both fiat money and crypto assets. In this case, your confidential data is stored not on the device, but on a secure server, completely encrypted;
  • A wide range of crypto assets for trading, the number of which the broker plans to expand;
  • The absence of verification for purchase, sale and receipt of cryptocurrencies; simplified verification for the withdrawal of capital (you only need to upload the passport and the service managers will verify identity in 15 minutes);
  • Live chat with like-minded people and support staff;
  • Bonuses for participants of the system (50% of the net revenue from the commission for each purchase or sale of cryptocurrencies in the wallet).

CFD trading with IQ Option

Following the latest trends of trading, the IQ Option broker offers its users convenient CFDs, which are available to both Forex traders and those who invest in crypto assets. The peculiarity of CFD trading is that the trader receives an income not based on the purchase of an asset but on fluctuations in its value. At the same time, it doesn’t matter whether the price of this asset increases or falls – the speculator can earn in both cases. Such contracts allow you to trade, but not to acquire an asset; in addition, you don’t need to pay taxes for transactions and you don’t need to deal with documents. You only need to enter into a contract, which specifies the difference in the price of the asset in the event of a transaction being opened/closed. Today CFD-contracts are an advantageous way to receive decent earnings for those who don’t have enough funds to enter the market.

Buying contracts for the difference in the prices of cryptocurrencies, the investor earns on the difference between the current and future prices for Bitcoin. The greater this difference, the higher your profit will be. At the same time, such trading is advantageous for short-term deals. In addition to crypto assets in similar CFD contracts, the broker IQ Option offers trading in shares and fiat currencies. It’s also possible to increase the amount of earnings with the help of a multiplier, enabling you to trade in large amounts of funds and get even greater benefits. Also, when forming trades, a trader can set limits on losses and use market orders.

Since October 2020 there are 50 new CFD for shares available on the broker’s platform, with the total number of CFD for shares – over 150! Among assets available for investments there are shares of such companies like eBay (EBAY), Bayer (BAYN), McDonald’s (MCD), Adobe Systems (ADBE), Facebook (FB), Apple Inc. (AAPL), Kraft Heinz Company (KHC), Starbucks Corporation (SBUX), PayPal (PYPL) etc.

Risk warning: your capital might be at risk

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions

Withdrawals and deposits

A good sign is that the amount you can withdraw is not limited! There are brokers who will not allow you to withdraw all of your profits, if the profit is very large. This fact can cause a lot of trouble and anxiety among traders. The IQ Option not only refrains from doing this, but also processes withdrawal applications quickly, allowing its traders to get their payouts as quickly as possible. Customers receive payments within 1 working day. To withdraw funds, you can use a credit card, wire transfer, Skrill, Qiwi, WebMoney, CashU, iDeal, Fasapay, Neteller, or Boleto.

The IQ Option does not take a commission for financial transactions, but a commission can be withheld by payment systems or a payment aggregator.

Complaints about IQ Option

We have searched the Internet for any complaints, and we found some negative reviews, but we thought it was the speculation of competitors; with regard to criticism that was objective, the company has resolved it all in a positive way. In several forums and blogs, we saw customers complaining that they did not receive approval for a withdrawal. But in each case, an official representative of IQ Option responded, and the problem was resolved, as evidenced by the initiators of the complaints. We do not believe this is a cause for concern, because, firstly, all problems have been successfully resolved by the broker, and secondly, the broker has strictly followed the «Terms and Conditions» policy, which outlines its obligations, and has solved all issues in a timely manner.

If we find complaints about IQ Option, we will post it on social media. Follow us to be well informed:

Is the IQ Option a scam?

IQ Option is currently one of the most law-abiding brokers in the market. For a long time, IQ Option activity has been regulated by the Center for Regulation of Financial Market Relations, which oversees them.

Regulator broker

The IQ Option is a regulated broker. This regulation provides accountability to the brokerage companies, as well as the fact that all customer deposits are compulsorily insured. That is, in case of financial problems with a broker, you can easily get your money back. And this feature also indicates a broker’s reliability.


In general, the IQ Option is one of the leading brokerage firms on the market. The IQ Option won the ShowFX World prestigious award as the «Most Innovative broker in binary options». The award was received at the largest international forum, which is dedicated to modern advances in the Forex market. Looking at the simple and intuitive graph of IQ Option, we can conclude that this is a definite leader compared to popular options such as Keystone, SpotOption and Tradologic. The difference in quality, services and functionality is obvious and visible to the naked eye. The IQ Option is comfortable and nice to trade with.


Trading in options can either be done with classic or turbo options. The purchase of an option is carried out in just one click. All transactions can be viewed in the section of the site that displays the history of all operations. Once the transaction is completed, a window pops up with the results of the auction. An interesting feature is that you can immediately share your success with your partners and friends in social networks.

The profitability of assets is very high and reaches 92%* of the indicators.

*Amount to be credited to account for a successful trade.

«General Risk Warning: The financial products offered by the company 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».


I have a fully documented complaint. I have more than USD$175 thousand in funds available to withdraw. Several details are in between. Withdrawals have been cancelled by IQ IQ option has not responded in writing. Please let me know if you want to discuss.

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