IQ Option Europe Broker Review 2024

IQ Option Europe is a forex and CFD brokerage regulated by a solid authority, CySEC. We can mention the 250+ trading instruments and low minimum deposit of 2 EUR as its benefits.

Do you find these helpful and attractive? Let's learn more in this in-depth IQ Option Europe review.

Company Data & Regulation

IQ Option Europe Ltd. is a multi-asset broker that has been in the financial trading industry since 2013. Read the necessary information about the company here:

• Regulated by the Cyprus Securities and Exchange Commission (CySEC) under the number 247/14;
• Over 8.7 million registered users in 2023;
• An average of more than 15,000 trades per day in 2023;
• Order processing in 0.6 seconds;
• Features a unique, in-house developed trading platform available on desktop, web, and mobile devices;
• Headquartered at 82^nd Road, 4 Kato Polemidia, 4153, Limassol, Cyprus.

Note that this broker provides its services based on Quadcode Markets. In other words, Quadcode Markets is the trade name of IQOption Limited.

Features and Specifics Summary

To provide a comprehensive overview of IQ Option Europe's offerings, let's examine the broker's key specifics in a concise table format:

IQ Option Europe Account Types

Usually, brokers provide various live accounts with different specifications to meet the needs of all traders. However, IQ Option Europe only offers one real trading account, with a maximum leverage of up to 1:30 and a minimum investment size of 2 EUR.

Moreover, there's a free demo account with €10,000 virtual funds available for practice.

Significant Benefits and Critical Drawbacks

To help you make an informed decision and get a general picture, let's examine the main pros and cons of trading with IQ Option Europe:

While the company offers several attractive features, it's essential to consider both the advantages and disadvantages when choosing a broker that aligns with your trading goals and experience level.

Guide to Opening An Account & Verification on IQ Option Europe

Getting started with the broker is straightforward, but takes some time and patience during the verification process. You will be guided to sign up in this quick tutorial:

• Visit the official IQ Option Europe website and click "Sign Up";

• Type in your email address and create a secure password. Alternatively, use your Google or Facebook account to sign up.

Now, your account is created with the broker. Afterwards, you need to verify your identity. You will be asked several questions about your background and experience, and will need to provide personal details. Also, you have to submit proof of identity and proof of address documents.

Finally, you will be required to confirm the email address you provided.

Does IQ Option Europe Have a Proprietary Trading Platform?

This broker employs its proprietary trading platform, designed to offer a seamless and intuitive trading experience. Here are the key features of their platform:

• Web-based Version: Access your account from any browser without downloading software.
• Desktop Application: Available for Windows and macOS, offering enhanced performance and features.
• Mobile App: Trade on-the-go with iOS and Android apps, featuring full functionality.
• User-friendly Interface: Clean design with customizable charts and indicators.
• Real-time Data: Live price feeds and market updates.
• Risk Management: Set stop-loss and take-profit orders directly on the chart.

Download the platform's apps for your mobile phones via these links:

• Android
• iOS

While the lack of MetaTrader support may be a drawback for some traders, IQ Option's proprietary platform offers a robust and feature-rich alternative that could be enough for many clients.

Spreads and Commissions Overview

IQ Option Europe offers decent pricing through a combination of spreads and commissions. We cannot state a certain amount for these parameters though; as they vary based on the traded asset.

Regarding other fees, there's no withdrawal fee for bank transfers from the European Economic Area (EEA). However, the fee for transfers from the rest of the world is $31 for every withdrawal.

Besides, an inactivity fee is charged for accounts with no orders for 90 calendar days or more. The amount is a monthly 10 EUR.

Deposit & Withdrawal Options and Platforms

IQ Option Europe offers a complete list of deposit and withdrawal options to make payments convenient for clients from every mindset:

• Credit/Debit Cards: Visa, Mastercard (instant deposits and withdrawals)
• E-wallets:
  • Skrill (instant deposits and 1 to 3 business days for withdrawals)
  • Neteller (instant deposits and 1-3 business days for withdrawals)
  • PayPal (available in select countries, instant deposits, one to three business days for withdrawals)
• Bank Wire Transfer: 3-5 business days for deposits and 1-3 business days for withdrawals

Does IQ Option Europe Include Copy Trading & Investment Features?

Unfortunately, the mentioned broker does not currently offer copy trading or other features for earning passive income on its platform. This may be a disadvantage for traders who prefer to earn profits both actively and passively.

Always check the official sources in case of any changes or updates regarding these options.

Are There Any Bonuses and Promotions Available With IQ Option Europe?

Per our latest investigations during writing this article, the discussed broker does not offer bonuses or promotions to new or existing clients. This policy is in line with regulatory requirements set by CySEC, and typically, none of the companies regulated by this authority offer bonuses.

Support Department Contact and Working Hours

IQ Option Europe provides typical customer support channels for its clients. Here are the available contact methods:

• Email: support@eu.iqoption.com
• Phone: +357 24 257 707
• Live Chat: Available directly on the trading platform
• Support Ticket: On the website

Based on the available information, the broker's support department is available 24/7. However, there's been reports of slow responses.

Restricted Countries and Regions

Actually, IQ Option Europe is mostly limited to a selection of countries from Europe, and is unable to offer its services in most other regions due to regulatory restrictions or company policies. The list of restricted countries includes:

• United States
• Canada
• Australia
• Japan
• Russia
• Belgium
• Israel
• Turkey
• Iran
• Syria
• North Korea

Note that restricted countries are not limited to the ones mentioned above.

IQ Option Europe Broker Trust Scores & Reviews

Trust scores and user reviews provide valuable insights into a broker's reputation and performance. Unfortunately, there are not many ratings for IQ Option Europe, and it's only reviewed on REVIEWS.io and Trustpilot. Here's a summary of its ratings:

• io: 2.9 out of 5 based on only 8 reviews, 50% of reviewers recommend the broker.

• Trustpilot: 1.9/5 with only 12 ratings.

Because of the low number of ratings and reviews, we cannot actually evaluate the company's services based on them.

Conclusion and Final Words

IQ Option Europe is a broker mostly desired for its regulatory status, being regulated by CySEC as a high-tier authority. Also, it provides more than 490 tradable instruments in various categories.

However, the brokerage does not offer any variety in account types, and it does not accept clients from many countries.