IQ Option Review.
IQOption is a forex broker. IQ Option offers the Mobile trading currency platforms. IQOption.com offers over 45 currency pairs, bitcoin, other cryptocurrencies, stocks, commodities, gold, silver, oil, binary option and ETFs for your personal investment and trading options.
January 2020: An FPA member has shared an email he received from IQ Option support. That email makes it plain that IQ Option considers the use of a VPS, VPN, or even trading from an IP in a different country to be grounds for confiscating funds from an account. See post #3 of this thread for details.
The FPA warns anyone who has an account with IQOption or is considering opening an account with IQ Option to not use a VPS or VPN and to never try to trade while traveling in another country. Or, find a broker that permits you to travel or use a VPS/VPN service.
Broker Details.
Minimum Trade Size: 0.001.
Maximum Leverage: 500:1.
Minimum Deposit: $10.
Established: 2013 Address: Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus Customer Service: [email protected], +44 20 8068 0760 Regional offices: Regulations: CySEC #247/14 Prohibited countries:
Trading Instruments.
Trading Conditions.
Managed Accounts & Social Trading.
Deposit Methods: Bank Wire (Bank Transfer), VISA, MasterCard, AdvCash, Klarna, Neteller, PayPal, PerfectMoney, Skrill, SOFORT, WebMoney.
Withdrawal Methods: Bank Wire (Bank Transfer), VISA, MasterCard, AdvCash, Neteller, PayPal, PerfectMoney, Skrill, WebMoney.
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Posting Date Rating.
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Traders Reviews.
Service use: Live.
Length of use: over 1 Year.
I’ve been trading on IQOption for years now and I’m rather surprised by these bad reviews. I don’t play their binary option instruments, and I see a lot of their reviews are regarding those. There is a reason why binary options are a terrible(high risk) way of trading, and it’s sad to see people get fooled by them, but it’s not the platforms fault since it’s the traders own choice to take that risk. My first deposit got blown within a day on binary options and I haven’t touched them since. And I only blame myself.
IQOption offers other instruments (forex/stocks/commodities/crypto) CFD’s. I highly recommend any beginner to stay away from binary options and focus on low leverage CFD’s. IQ’s strong point is that you can change leverage on most instruments quickly to match any scenario(Bring back that option for commodities please IQ :D). I’ve only encountered connection issues/chart loading and delayed updates of p/l which can be confusing but these issues were mainly isolated to their mobile platform. Some of their CFD’s have low spread but majority of them are rather large. 0 commissions and they give 1 free withdrawal monthly which I found great! UI is smooth and user friendly although lacking some more advanced charting tools and no pre/after market information. Overall it’s a good platform for beginners (if you stay away from binary options). 4 stars for lack of low spreads on majority of instruments and lack of advanced charting(and I don’t mean indicators).
Hello David, we would like to thank you for your time and for sharing your insight with us and others.
We will forward the feedback to our developers reading spreads and charting.