Best Forex Broker

IQ Option Review

IQ Option Review

IQ Option is an international Forex / Crypto CFD & Digital Options broker, that has been in business since 2013.

Their Europe location is at: Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus. Main contact phone number is: +13468009001, and their email address is: [email protected]. They operate two websites at: IQOption.com & IQBroker.com.

For withdrawal problems and complaints read this.

IQ Option Broker Review

Our review of IQ Option finds that they are a unique broker using their own custom built trading platform.  The trading platform that IQ Option offers their clients and day traders has CFD’s on more than 500 underlying assets for Forex CFD’s, Crypto Currency and CFD’s on Stocks. They also have Forex options listed.

Margin / Leverage rates for Forex is the standard 30:1, and on Crypto specifically Bitcoin, the margin offered is 2:1. You will find a mobile trading app available for both Android and iOS, along with their Web-based trading platform and an optional Windows Desktop Software. Minimum deposit for a new trading account is only $10, and they also offer investors a free $1000 demo trading account.

The website is available in multiple languages, as they are catering to many clients in Europe and Asia.

IQ Option Trading Platform
IQ Option Trading Platform

Is IQ Option a Regulated Broker?

This broker is actually trading as two different companies, depending on your country of residence.

  • European Union Clients: IQOption Europe is licensed and regulated by CySEC in Cyprus, with license number 247/14. Their licensed website is at: eu.iqoption.com (Check which site you are on). A CySEC regulated broker, can use their license for traders in all E.U. member countries. 
  • International Clients: IQOption Ltd is an unregulated broker, for non European clients, and they are located offshore at: Hinds Building, Kingstown, Saint Vincent and Grenadines.

When a new investors wants to know if a broker is regulated and legitimate, or an online investment scam, they need to verify the brokers license. Just because you read a review recommending a broker, does not mean the broker has a good reputation.

Smart people with only trade CFD’s and Stocks with a broker that is licensed and regulated. On the Scam Broker Investigators website you will find reviews of hundreds of brokers, and the majority are unlicensed scams.

Best Forex Brokers

Compare Forex Brokers

If you want to properly compare online brokers, then you should open demo accounts at more than one broker.

ForTrade is a popular and fast growing CFD broker. They are a regulated broker that is licensed in Australia, Europe and United Kingdom, see here.

Register a Free Demo Account, on their awesome trading platform, signup here.

 

IQ Option does not accept clients certain countries like: Albania, Australia, Belgium, Canada, Czech Republic, Israel, Japan, Latvia, Portugal, Russia, Spain, Switzerland, United Kingdom, and the  United States.

Please share your experience using this broker, in the comments section.