IQ Option Review 2023

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Risk Warning: Your Capital Might Be At Risk

Open an account with just $10. Trade over 14 Cryptocurrencies directly, traditional forex with low spreadsor trade digital options with payouts up to 900% (successful trades only).

  • Most Trusted Broker 2017, 2018, 2019, 2020 -
  • Best Binary Broker 2021 -
InstrumentsCFD, Forex, Crypto, Stocks, Digital Options
Demo AccountYes
Min. Deposit$10
Payment Methods
Min. Trade0.001 lots
MetaTrader 4No
MetaTrader 5No
Trading CentralNo
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountNo
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS, Android and Windows
Margin TradingYes
Margin Rate0.2%
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerYes
Social TradingNo
Copy TradingNo
Islamic AccountYes
Account Currencies
  • USD
  • EUR
  • GBP
  • ZAR
Guaranteed Stop LossNo
  • Gold
  • Oil
CFD TradingYes
CFD Oil Spread2.3
CFD Stocks Spread2
CFD Leverage1:500
Forex TradingIQ Option offer forex trading on a range of currencies. Spreads are on the high side and the brand do not excel in this area
Forex GBPUSD Spread5 pips
Forex EURUSD Spread14 pips
Forex EURGBP Spread15 pips
Forex Assets250+
Crypto TradingIQ Option are a leading Crypto broker. They offer multipliers, and a huge range of crypto markets.
Crypto SpreadBTC 7%, ETH 12% (Var)
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BCH
  • BTC
  • DASH
  • EOS
  • ETC
  • ETH
  • LTC
  • OMG
  • QTUM
  • TRX
  • XRP
  • ZEC
Binary OptionsIQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low minimum deposit.
Payout Percent91%
Ladder OptionsYes
Boundary OptionsYes
Risk Warning: Your Capital Might Be At Risk

Managed and owned by IQ Options Europe Ltd, IQ Option is a financial services provider . They have offered online trading services for many years, and continue to expand their offering.

During 2020, IQ Option also introduced margin trading. This moves them alongside the more established brokers and CFD operators in Europe and beyond.

For traders that are outside the EEA, their accounts are managed by a separate sister company called IQ Option LLC. The company is based in Saint Vincent and the Grenadines.

Trading Platforms

Rather than opting for a standard trading platform, IQ Option has chosen to provide its clients with a proprietary platform designed specifically to cater to their trading needs.

The same platform is used for CFDs and for binary options trading. Well designed to be user-friendly, the platform features a large chart which is a great help for traders who wish to monitor the conditions in the markets. Margin trading is also now available with certain instruments.

In addition, the platform comes with a wide selection of trading tools that are typically not found on any binary capable trading platform. Some of the advanced trading tools that we can see popular technical indicators such as Moving averages, Bollinger Bands, MACD and RSI.

The brand often add new feature to the platform to offers traders more flexibility. One such feature is the ‘position top-up’. This allows a trader to hold a trade open if it is approaching a stop loss.

It gives the trader more scope to allow trades to recover before being closed. It must be used with discipline, but offers traders new risk management or trading strategy options.


Mobile Trading

For traders that are unable to remain at their trading terminal for any prolonged period of time, they can install the mobile trading app that has been provided free of charge by IQ Option.

The mobile trading app which has been designed specifically for smartphones and mobile devices, allows traders to check their account status, keep updated with all the developments in the market as well as to execute trades.

IQ Option Mobile trading app

Trading Accounts Offered

IQ Option offer a couple of trading account options.

To open a standard account, only a minimum deposit of $10 is required.

Potential traders who wish to try out the platform can first sign up for the demo account. It is provided free of charge and doesn’t require any “pre-deposit” like some brokers are requiring their clients to do first.

The demo account comes pre-loaded with $10000 practice money which you can use to execute your practice trades.

Bonuses & Promos

In line with general guidance in the financial industry,  IQ Option no longer offer any kind of deposit bonuses.

The only kind of promotional offer which traders at IQOption are able to participate in is the trading competition which they can join for an entrance fee. Prizes for the competition range for $100 to around $100,000.

Video Demo – Forex Introduction:

Assets At IQ Option

Currently, traders at IQ Option can trade in 300 different types of underlying assets. They consist of a selection of 120 currency pairs, market indices, stocks and commodities.

Recently, IQ Option has also added a selection of 12 different types of cryptocurrencies for its clients to trade in.

The list of markets available to trade is constantly growing. Recently, the firm expanded their list of forex pairs and company stocks and shares, taking the total beyond 150.

Expect this expansion to continue in all areas. IQ also spread markets across all products, so things like Oil, Gold and Silver were added to Digital trades asset lists.

Minimum trade sizes do change with each product.

So binaries and digital options can be opened for $1, but a Forex CFD has a minimum trade size of 0.001 lots, and FX Options $30 (Or Euro or GBP equivalent).

Cryptocurrency Multiples

Another innovative product delivered by IQ is the Cryptocurrency Multiples. These effectively work like a leveraged trade, so price movements in the underlying assets are magnified.

IQ Option first introduced this idea with Bitcoin x2. This amplified the prices movements by 2 times, creating higher opportunity – but also higher risk – for traders.

That product was so popular, that IQ have expanded the concept to Ethereum, IOTA, Ripple and others. The multiplier factor is x2 on all available cryptocurrencies.

Trading Costs And Fees

IQ Option are transparent with their fees and costs. In order to see what trading at IQ will cost, you need to consider:

Customer Support

One of the major plus points of IQOption is their customer service.

To ensure that traders at IQOption can get the assistance they want whenever the need arises, the broker has made its support services available 24/7.

They can contact the support team through email, live chat or the telephone. For the benefit of traders whose mother tongue is not the English language, IQOption has also translated their website into a dozen different languages.

Deposit & Withdrawal

For the funding of trading accounts at IQOption, the broker has provided support for several methods of fund transfer.

These methods include transfer by credit cards, ewallets and bank wire transfer.

Accepted credit cards include VISA and Mastercard. As for the eWallet options, they include popular wallets such as Neteller, Skrill, Perfect Money and Webmoney.

To withdraw funds, traders can also use the same methods that they used for making a deposit in the first place.

Processing of withdrawal requests typically take one business day but can be as fast as a few hours if the withdrawal method is by eWallets.

For credit cards and bank wire transfer, the entire withdrawal process can take as long as 10 business days to be completed.

Growth in Asian markets has also led IQ Option to expand their reach in that region. As a result, bank transfers are now possible from a wide range of banks in this area:

Thailand – Bangkok Bank, Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank, Bank of Ayudhya, Government Savings Bank, TMB Bank.
Vietnam – Vietcombank, Asia Commercial Bank, Bank for Investment and Development, Techcombank, Vietin Bank, Sacombank, Donga Bank, Eximbank.
Malaysia – Maybank, Hong Leong Bank, RHB Bank, Public Bank, CIMB Bank, AmBank
Philippines – Help2Pay – Supports both BDO (BDO Unibank) and MTB (Metrobank)

South American options are also being expanded:

Brazil – Jeton Wallet (Supporting Boleto Bancario), and AstroPay (Boleto, Itau, Bradesco, Banco do Brasil, Caixa, Santander)
Argentina – AstroPay (Supported banks; Pago Facil, Santander, Banco Galicia)

Perfect Money can also be used across South America, including Colombia. Perfect Money is actually also a valid choice across Nigeria and Pakistan too, as well as parts of Europe.

Jeton will also support IQ Option traders from India and a range of banks catering to South African traders have also been added.

China Union Pay can facilitate deposits and withdrawals for traders in mainland China, Hong Kong, Taiwan and Macao.

Is IQOption suitable for day trading?

One of the most important factors to consider when looking for a broker to conduct day trading with is looking at the type of instruments that are available for trading.

With IQ Option since the broker offers CFDs which allow traders to open and close their market positions at any time, it is a suitable broker for day trading.

In addition, the broker is well regulated and this helps to ensure that your money will be handled professionally and ethically.

Accepted Countries

Traders from several countries are not allowed to trade on the platform. An up-to-date list of countries can be found on the official website.

So traders from USA, Canada, Australia, Israel, Palestine, Japan, Syria, Iran, North Korea, the Russian Federation, the United Kingdom, Belarus, Gibraltar and Ukraine, are not permitted to open accounts at present.

Compare IQ Option

Compare IQ Option with similar brokers that accept traders from your location. Among available brokers these are the most similar to IQ Option:

  1. BinaryCent – Deposit and trade with a Bitcoin funded account. BinaryCent offers binary options, FX and CFD trading. 1:100 leverage is also available.
  2. IQCent – IQCent is an offshore binary options and CFD broker with 10+ payment methods and a $250 minimum deposit. Clients benefit from copy trading tools and in-depth market analysis.
  3. World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
  4. RaceOption – RaceOption is a binary options and CFD platform offering trading contests and prize giveaways.

IQ Option Comparison Table

Compare IQ Option With Similar Brokers
IQ Option BinaryCent IQCent World Forex RaceOption
Rating 4 3.5 3.7 4 3.5
Markets CFD, Forex, Crypto, Stocks, Digital Options Forex, Stocks, Commodities, Crypto CFDs, Binary Options, Forex, Stocks, Indices, Commodities, Cryptocurrencies Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts Binary Options, CFDs
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $10 $250 $50 $1 $250
Minimum Trade 0.001 lots $.10 $0.01 0.01 Lots $1
Regulators VFSC SVGFSA
Bonus 20% – 100% deposit bonus 20% – 100% deposit bonus up to $1000 100% Deposit Bonus Trading contests & prize giveaways
Education No No No No No
Platforms TradingView MT4, MT5 TradingView
Leverage 1:500 1:100 1:500 1:1000 1:100
Payment Methods 14 12 7 10 9
Review IQ Option
World Forex

Compare Trading Instruments

Compare the markets and instruments offered by IQ Option and its competitors. Please note, some markets may only be available via CFDs or other derivatives.

Compare IQ Option Trading Instruments
IQ Option BinaryCent IQCent World Forex RaceOption
Binary Options Yes Yes Yes Yes Yes
Expiry Times 1 minute – 30 days 1 minute – 30 days 1 minute – 7 days 30 seconds – 1 month
Ladder Options Yes No No No Yes
Boundary Options Yes Yes No No No
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil Yes Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No No Yes No No
Silver No Yes Yes Yes Yes
Corn No No No No No
Crypto Yes Yes Yes Yes Yes
Futures No No No No Yes
Options Yes Yes Yes No No
ETFs Yes No No No No
Bonds No No No No No
Warrants No No No No No
Spreadbetting No No No No No
Volatility Index No No No No No

IQ Option vs Other Brokers

Compare IQ Option with any other broker by selecting the other broker below.

IQ Option vs


What is the minimum deposit requirement to open a trading account?

The minimum deposit at IQOption is $10.

How fast can my withdrawal request be processed?

Withdrawal requests at IQOption normally take one business day but as be as short as a few hours.

Which is the best indicator at IQ Option?

IQ Option offer a huge range of technical indicators to help with strategy and finding trades.

But no single indicator is “best”. Multiple indicators (and time frames) can be assessed to try and find clear trends or market sentiment that can guide a specific trade over a specific timeframe.

Is IQOption a reliable broker?

Yes. IQOption is a reliable broker.

What kind of trading platform does IQOption have?

IQOption uses a proprietary type of trading platform.

What is the maximum leverage available at IQOption?

EEA traders will see leverage capped at 1:30.

EEA traders can however, register as professional – this means the regulatory limits do not apply to their account. Visit IQ Option for more details.

IQ Option Awards

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

Open an account with just $10. Trade over 14 Cryptocurrencies directly, traditional forex with low spreadsor trade digital options with payouts up to 900% (successful trades only).
Risk Warning: Your Capital Might Be At Risk