Review IQ Option 2020 : The Online Broker Reference Analysed by our Experts

4.7

Our review about IQ Option

Having made its appearance in 2013, IQ Option is today an essential reference in the ultra-competitive online brokerage sector. The IQ Option broker offers the opportunity to its customers, beginners as well as experts, to trade on the forex of course but also on more than ten cryptomonnaies among others.

Whether it is the quality of its customer service, the functionalities such as the types of accounts available on its platform, or the trading training tools that the trader can use, how can IQ Option’s services be evaluated compared to other brokers on the market?

Everything you need to know about this forex broker is in the IQ Option opinion below and this study was conducted by our best specialists in the field

Presentation of the broker IQ Option

The IQ Option broker was founded in 2013, and since then it has continued to expand its offering to become one of the most renowned trading platforms today.

Originally known as IQ Option Europe Ltd, IQ Option is headquartered in Cyprus. Although the majority of its trading clients were initially Russian, IQ Option quickly won over European and English traders before making a notable breakthrough in the Asian online trading market with China and South Korea. Other countries such as Australia and New Zealand have also put their trust in this broker.

Registered under the Cypriot license number 247/14, IQ Option relies on a community of traders from over 178 countries, in strict compliance with the regulations in force in each of them.

Advantages and Disadvantages of IQ Option

After several years of existence, IQ Option has made a name for itself on the international online trading scene. Here are the main advantages and areas for improvement of this IQ Option broker:

Advantages of IQ Option

  • A platform with an ergonomic and intuitive interface
  • A free demo mode accessible to all
  • Safety and reliability at all times
  • A large number of trading training tools

Disadvantages of IQ Option

  • A lack of choice of transaction assets
  • Only Call / Pu type options for binary options

How to trade on IQ Option: presentation of the platform

This is undoubtedly one of the great strengths of IQ Option broker: its online trading platform. In addition to the fact that it does not require downloading, the latter is characterized by an immediately accessible interface and by ergonomics thought out in the smallest detail.

More specifically designed for forex trading via CFDs, the IQOption platform offers an absolutely unique trading experience whose main features are reviewed below.

How do I open an account with IQ Option?

The procedure for opening an account at IQ Option is a model of simplicity and speed and is based on several key steps:

  • Step 1: Registration on the IQ Option platform

The future trader of the IQ Option platform must first register directly online. This process is completely free of charge. All you have to do is click on the “Registration” tab and fill in your identity and email address first.

  • Step 2: Transmission of supporting documents

For the validation of the request and to be able to access his client account, the future IQ Option trader will have to provide various documents that are essential for opening an account.

It is important to note that IQ Option requires that each applicant provide proof of identity so that the IQ Option platform’s services can ensure that the future trader is of the required minimum legal age, since access to IQ Option is strictly forbidden for minors.

Once the usual verifications have been made, the applicant will receive a registration validation code by email, which will allow the new IQ Option trader to make his very first deposit of funds.

  • Step 3: A demo mode start is highly recommended on IQ Option

In order to take their first steps in the IQ Option platform, each client should start with the IQ Option broker’s demo mode, especially if they have no experience in online trading. This IQ Option demo mode is of course free of charge.

Assets available on IQ Option

The broker IQ Option offers its traders the opportunity to invest in a wide variety of assets. These include trading Contracts for Difference (CFDs), crypto-currencies and, of course, forex. Here are these assets in detail:

  • Forex

This is undoubtedly one of the most popular markets for traders: forex. IQ Option offers its clients more than 190 forex currency pairs.

  • CFD on shares

IQ Option broker enables its clients to trade in the shares of companies (nearly 8,000), a significant portion of which are listed on the CAC40 or NASDAQ.

  • Cryptomoney

No less than 12 cryptocurrencies are available for trading on IQ Option among the main ones such as Bitcoin or Ethereum on which IQ Option customers will have the opportunity to trade.

  • ETF

Within its range of available assets, the IQ Option platform allows trading on ETFs, i.e. indices or commodities. The choice will be vast since around 4200 ETFs are accessible via IQ Option.

Bonuses by IQ Option

IQ Option offers different types of IQOption bonuses that vary depending on the amount the trader has deposited into his account. As an example, for a first deposit of $100, the trader can benefit from an IQOption bonus representing 20% of his deposit

Security at IQ Option

When asked whether IQ Option is reliable and rigorous in terms of regulations and safety, our experts’ answer is a resounding yes.

The IQ Option broker enables traders from many countries to trade in the financial market through a full range of high quality trading tools and services.

It is important to point out that IQ Option is made up of two legal entities which are IQ Option Europe Ltd, firstly, registered in Cyprus and which complies with CySEC, and IQ Option Ltd. The latter entity is registered in the Seychelles and is not regulated.

As far as IQ Option Europe Ltd and more specifically IQoption in UK is concerned, the broker offers a totally secure customer experience. It should be noted that the trading platform is illustrated by the fact that its regulatory status is made available on its website and its terms and conditions are easily accessible and usable by its clients.

As previously mentioned, IQ Option draws much of its reputation from its very solid regulatory foundations, foremost among which is its compliance with CySEC for all of its activities within the European Economic Area.

Due to the supervision of this authority, each IQ Option trader benefits from the most total security for his transactions. The IQ Option broker is also committed to the protection of its clients’ personal data.

IQ Option Deposit and Withdrawal

While IQ Option stands out from the competition with, in particular, the possibility for its traders to invest with a minimum stake of 1 euro, starting from a minimum deposit of €10, the deposit and withdrawal procedures are very simple.

How do I make a deposit with IQ Option?

To make deposits on the IQ Option platform, the trader can choose from several payment methods:

  • Visa Card
  • Mastercard
  • Skrill
  • Webmoney

Once the minimum deposit of €10 has been made, the IQ Option trader will be able to carry out all transactions of his choice among the available assets.

How do I make a withdrawal at IQ Option?

Withdrawals from IQ Option can be made by bank transfer, by card or even through electronic wallets such as Neteller, Skrill or Webmoney.

For each withdrawal of funds requested, the turnaround time will be either 72 hours or 24 hours if the IQ Option client holds a VIP account. Important point : There are no fees for each withdrawal, regardless of the amount requested. Another special feature of withdrawals at IQ Option is that the minimum withdrawal amount is only €2.

Fees at IQ Option

In terms of fees, IQOption in UK does not charge any fees for deposits or withdrawals.

However, the IQ Option platform will charge a commission if the trader ever opens an unleveraged CFD crypto trading position. In this case, the amount of the commission applied by IQ Option will be between 1 and 2.5% of the transaction amount.

Also in terms of pricing, IQ Option will charge a swap fee in the order of 0.03% of the value of the position for maintaining the opening position overnight.

While the broker IQ Option stands out with its commissions among the lowest on the market, it is also worth noting that there are certain additional costs, such as the one relating to account inactivity for 90 consecutive days, which will be charged at €10.

In any event, the fees applicable at IQ Option cannot exceed the balance held by the IQ Option trader.

IQ Mobile Application Option

To enable its customers to trade anytime and anywhere, IQ Option offers a high-quality mobile application. In addition to a graphical user interface that is very pleasant to use and easy to learn, the IQ Option mobile application also has all the features that can be found on the web version of the IQ Option broker.

Among the options of the IQ Option mobile application that will be highly appreciated by the broker are, for example, push notifications that will allow the trader to be alerted in real time on the evolution of the market or his positions.

Of course, the IQ Option mobile app is compatible with the iOS and Android operating systems and will work on both smartphone and tablet devices.

Regardless of the type of assets with which the IQ Option client trades online (Forex pairs, cryptomoney, etc…), the client will be able to follow or make new investments directly from the IQ Option mobile application, which is a model of its kind in its category.

The IQ Option training

If there is one area in which IQ Option takes particular care of its clients, it is training. To be convinced of this, it is useful to specify that this broker is one of the only ones to provide its traders with a real demo account.

Unlike other brokers, IQ Option does not offer a simple virtual stock exchange account that would only be accessible once the first deposit of funds has been made. Demonstrating total transparency, the IQ Option broker therefore has a demo account that anyone can use, including traders who are not yet clients on the English IQ Option platform.

Without any conditions, IQ Option offers beginner traders the opportunity to learn the art of trading and the basics through this demo account.

However, IQ Option’s training offer doesn’t stop there, since the broker makes various educational and learning tools available to both novices and traders wishing to perfect their knowledge, including :

  • Numerous webinars
  • Articles related to trading
  • Videos
  • Courses on the fundamentals of online trading

Focusing its efforts on novice traders, IQ Option clearly puts all the assets in their hands to develop their own strategies and start making money as quickly as possible while limiting the risk of losses.

IQ Option customer service

If IQ Option’s trading services are at the top of the basket, the same goes for its customer service, which, as evidenced by the many IQ Option opinions, is unanimously appreciated by both novice and seasoned traders.

For any question or difficulty encountered on the IQ Option platform, each user can directly contact IQ Option’s customer service department composed exclusively of specialists by these different means :

  • By email (via a contact form)
  • By chatting on the broker IQ Option’s website

IQ Option is highly responsive to its customers’ requests and is committed to providing feedback within 24 minutes. IQ Option customer service is available 24 hours a day, 7 days a week.

For experienced IQ Option traders who require more personalized customer service that meets their expectations more specifically, it is in their best interest to open an IQ Option VIP account, one of the features of which is to provide the customer with a personal account manager.

Another important aspect of IQ Option’s customer service, given the broker’s resolutely international orientation, IQ Option’s customer service is available in various languages, including of course English, but also English, Spanish, German and Arabic.

Our opinion IQ Option: complete and objective

What to think about the IQ Option broker? The IQ Option opinion of our experts is without appeal: IQ Option is by far one of the best brokers of the moment for the excellence of most of its services.

In addition to its platform offering an absolutely unique trading experience, IQ Option provides its clients with a complete range of assets with which each trader can trade according to his profile, level of experience and short and long-term objectives.

Very easy and pleasant to use and offering many features to meet the requirements of the most demanding traders, IQ Option is undeniably one of the leading brokers on the online trading market and gives pride of place to novice traders.

With no less than 15 million accounts open on its platform and a daily trading volume of 3 million transactions, IQ Option is a broker that has been able to federate traders from all over the world.an undisputed reference for equity, forex and crypto-money traders, IQ Option is worthy of the utmost trust. Our experts’ opinion of IQ Option is unanimous: IQ Option is an online trading platform that every trader should discover without delay.

Discover our other brokers