IQ Option Review 2024

IQ Option is a broker established in 2013, and since 2014 until 2020, it has seen trading volume increase by 53 times. Also, the broker claims that in 2014, the waiting time for its support team to respond was as high as 2 minutes, but by 2020, this time had decreased to 43 seconds.

 In addition, IQ Option's official statistics show that the number of experts in its support team has increased by more than 70 people during these six years. Read this IQ Option Review to get more detailed information.

IQ Option Company Information

IQ Option has experienced meteoric growth since its start in 2014, evolving from a small startup to a global trading powerhouse. Here's a snapshot of the company's key information:

• Regulation: Licensed and regulated by CySEC (Cyprus Securities and Exchange Commission);
• Additional registrations: Compliant with financial authorities across Europe;
• Asset offerings: Stocks, forex, cryptocurrencies, commodities, indices, and ETFs;
• Trading platform: Proprietary, available on desktop and mobile devices.

Broker Summary

IQ Option has carved a niche for itself in the online trading space by offering a diverse range of financial instruments and a robust, feature-rich platform. Let's break down the key aspects of this Binary Option broker:

Account Types

IQ Option keeps things simple by offering a single live account type for all traders. This streamlined approach ensures that all users have access to the same features and benefits, regardless of their deposit amount or trading experience. However, there's also a demo account for practice. Let's explore the key aspects of IQ Option's account structure:

Live Account

The real account at the broker is designed to cater to a wide range of traders, from beginners to seasoned professionals. Here are the standout features:

• Minimum deposit: $10 (one of the lowest in the industry);
• Available assets: Access to all tradable instruments;
• Platform: Full access to IQ Option's proprietary trading platform;
• Customer support: 24/7 assistance via multiple channels.

Demo Account

One of IQ Option's most attractive features is its robust demo account offering. This risk-free environment allows traders to hone their skills and test strategies without putting real money on the line. Key features of the demo account include:

• Virtual balance: $10,000 in play money;
• Refillable: it will never be out of usage;
• Platform features: Full access to IQ Option's trading platform and tools;
• Unlimited usage: No time restrictions on demo account usage;
• Seamless transition: Easy switch to a real account when ready.

Registration and Verification

Getting started with IQ Option is a straightforward process designed to get you trading as quickly as possible. Here's a step-by-step guide to registering and verifying your account:

1. Visit the IQ Option website and click on the "Sign Up" button.
   

2. Fill in the registration form with your email, and create a strong password. Alternatively, use your Facebook or Google account.
3. Agree to the terms and conditions and privacy policy.
4. Click "Open an account for free" to complete the initial registration.
5. On the next page, answer the questions and complete your verification by uploading the necessary documents, and verifying your email address.

Commission and Fees

Understanding the fee structure is crucial when choosing a broker. The mentioned broker does not offer a transparent structure for commissions and fees. However, here's a general overview of the main fees and commissions you can expect:

• Commission for withdrawing more than once a month;
• The average spread for currency pairs is 1.7-1.9 pips (subject to leverage).

Cabinet Overview

The broker cabinet, also known as the trader's dashboard, is the central hub for managing your account and accessing various trading features. Here's an overview of what you can expect:

• Account Summary: View your current balance, equity, and open positions at a glance;
• Deposit/Withdraw: Easily manage your funds with quick access to deposit and withdrawal options;
• Total Portfolio: Review your past trades and analyze your performance over time;
• Market Analysis: Access the economics calendar, earnings calendar, and news section;
• Chats & Support: Quick links to contact customer support or access the communities.

Key features of the IQ Option cabinet:

• Intuitive Design: User-friendly interface for easy navigation;
• Real-time Updates: Live account balance and position updates;
• Multi-language Support: Available in numerous languages;
• Mobile Compatibility: Access your cabinet on-the-go via the mobile app.

Available Indicators and Oscillators in IQ Option Platform

IQ Option's proprietary trading platform comes equipped with a wide array of technical indicators and oscillators to assist traders in their analysis. Here's a comprehensive list of the available IQ Option's indicators:

Trend Indicators:

• Bollinger Bands;
• Parabolic SAR;
• Ichimoku Cloud;
• Zigzag.

Momentum Oscillators:

• Relative Strength Index (RSI);
• Stochastic Oscillator;
• MACD (Moving Average Convergence Divergence);
• Williams %R.

Volatility Indicators:

• Average True Range (ATR);
• Standard Deviation.

Custom Indicators:

IQ Option also allows traders to create and import custom indicators using scripts.

Which Payment Methods Can I Use on IQ Option?

This broker does not have a wide range of payment methods available for deposit and withdrawal. Below is the list of the available options for traders:

• Credit/debit cards: Visa, Mastercard, Maestro
• E-wallets: Skrill, Neteller, WebMoney

Here's the steps you need to take to deposit funds to your trading account:

1. Locate deposit button in your account dashboard;
2. Choose your preferred payment method and amount;
3. Provide the necessary information and complete the deposit process.

IQ Option Copy Trade and Social Trading: Is It Available?

As we discussed in our Binary Options Methodology, we will review IQ Option Copy Trading and Social Trading in this heading. In fact, this Binary Option platform does not offer any options for copy trading, social trading, or such features. If this option is of utmost importance to you, we recommend you use other brokers which offer that such as IQcent, Binarycent, and Raceoption.

Trust Scores

When evaluating a broker, trust scores and user reviews play a crucial role. We will investigate this platform's scores on sites. Here's an overview of IQ Option's trust scores and reputation in the trading community, based on known websites in this regard:

• Trustpilot Users Score: 3.3/5 based on over 1,200 reviews

• REVIEWS.io Users Score: 4.2/5 based on over 250 reviews

Users in Trustpilot and Reviews.io have mentioned the decent amount of available tools, ease of usage, multiple chart setup, and access to high leverage as strengths of this platform.

Overall, this broker seems to be a trusted one from the view of many users.

Customer Services and Support

Quality customer support is crucial in the fast-paced world of online trading. IQ Option offers various channels to assist traders with their queries and concerns:

Support Contact Information and Methods

• Live Chat: Available 24/7 directly from the trading platform;
• Email Support: support@IQoption.com for general inquiries;
• Phone Support: +44 20 8068 0760 (check website for country-specific numbers);
• Social Media: Active presence on Facebook, Twitter, and Instagram for updates and support;
• FAQ Section: Comprehensive database of common questions and answers.

Opening Hours

IQ Option prides itself on offering round-the-clock support to cater to its global user base:

TF Expert Suggestions

In this article, you read IQ Option Review. 2020, the broker recorded an average of 21,489 daily trades, moving $53 million in assets. According to the data published by this platform, in 2022, traders from 28 different countries had accounts and operated on it. Now, you can see your order being processed on the IQ Option platform in just 0.6 seconds, with more than 500 assets to trade.