IQ Option Review 2019

IQ Option is a regulated and award-winning online broker offering a vast amount of trading instruments across multiple asset classes. The online platform is very intuitive and packed with tools delivering a superior trading environment for all levels of trader.

IQ Option Review 2019, Pros & Cons
  • Strict regulations
  • Segregated client funds
  • Investor Compensation Fund (ICF)
  • Large range of trading instruments
  • User friendly platform with many features
  • Advanced trading tools
  • Charitable work
  • Award winning
  • No US clients
  • Restricted leverage for non-professional clients
  • No fixed spread accounts

In this detailed IQ Option review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

IQ Option is not ranked in our best forex brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including IQ Option.

IQ Option Review: Summary

IQ Option was founded in 2013 and has since grown into one of the largest online trading brokers with over 20 million members from more than 31 countries using their trading platform. They offer clients a vast range of trading instruments across multiple asset classes including FX Options and CFDs on Forex, Stocks, Crypto, Commodities, Indices and ETFs.

The IQ Option platform is available on all devices and features everything required for efficient trading including a variety of instruments, real time quotes, multiple chart layouts, multiple order types, technical indicators, market analysis, widgets, tools, historical quotes and much more.

IQ Option Review: Trading Platform

IQ Option Review: Trading Platform

IQ Option continuously look to improve the performance of their platform with the latest technologies implemented to ensure that it remains fast and easy to use, catering to the needs of all levels of traders. The average order processing speed is just 0.7 seconds.

IQ Option members are provided with a vast array of trading tools including alerts, stock screeners, sentiment analysis, economic calendars and more. You also get the latest financial news along with detailed fundamental and technical market analysis.

IQ Option Review: Trading Tools

IQ Option Review: Trading Tools

IQ Option are frequently adding new products for trading, keeping up to date with the latest trends. There is an online community where you can be inspired and get support from like minded traders, all from within the trade room.

IQ Option Review: Social Trading Community

IQ Option Review: Social Trading Community

They have won multiple awards for their trading services including Best Technology Application (The Web Marketing Association 2016), Best Trading Platform (Forex Awards 2014) and Best Mobile Trading Platform (IFM Awards 2015).

IQ Option Review: Award Winning Broker

IQ Option Review: Award Winning Broker

In 2018, they founded the IQ Option Charitable Foundation whose actions are designed solely and exclusively for the benefit of children who through no fault of their own cannot enjoy the basic privileges and comforts that every child should be able to enjoy and we take for granted. Contributing to the well-being of the less fortunate communities within Africa shows great social responsibility and is highly commendable.

IQ Option Review: Charitable Foundation

IQ Option Review: Charitable Foundation

IQ Option Review: Regulation

IQ Option has been licensed and regulated since 2014. They are regulated which gives clients peace of mind that they are using a trusted and reputable online broker that must comply with strict regulatory requirements and internationally recognised financial standards.

IQOption Europe Ltd is regulated in Cyprus by the Cyprus Securities and Exchange Commission (CySEC) with license number is 247/14, hence a European Economic Area (EEA) country which allows them to offer certain products and services to other countries. CySEC monitors the activities of companies offering financial services to ensure that they are acting in compliance with the laws and regulations of the Republic of Cyprus and the European Union.

European companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence. ESMA is a European Union financial regulatory agency and European Supervisory Authority, located in Paris. Restrictions include leverage limited to 1:30.

Eligible clients are covered by the Investor Compensation Fund (ICF) which provides protection if there is a claim against a broker who cannot fulfil financial obligations.

Client funds are held in segregated bank accounts away from the company funds. This helps to ensure that funds are not used for any other purpose such as running costs.

IQ Option Review: Licensed & Regulated

IQ Option Review: Licensed & Regulated

IQ Option Review: Countries

IQ Option accepts clients from all across the globe excluding some countries where there are restrictions in place such as the USA, Canada, Australia, Russia, Belgium, Israel, Palestine, Japan, Sudan, Syria, Iran, North Korea.

Some IQ Option broker features and products mentioned within this IQ Option review may not be available to traders from specific countries due to legal restrictions.

IQ Option Review: Trading Platforms

IQ Option offer their very own award-winning proprietary trading platform which is available for desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet).

IQ Option Review: Mobile Platform

IQ Option Review: Mobile Platform

The platform is absolutely packed with useful features and thus it would be impossible to cover all of them within this review. You will find below some of the main features that you can utilise within the platform.

IQ Option Platform Interface

The IQ Option platform has a very sleek and user-friendly interface. Everything is neatly organised which provides a pleasant trading environment. The intuitive layout makes it suitable for novie traders whilst there are plenty of advanced features to satisfy the more experienced traders.

IQ Option Review: Trading Platform

IQ Option Review: Trading Platform

IQ Option Platform Assets

The basic function of the platform is to display charts of trading assets. You can easily search for trading instruments by name or by market. When you hover of the instrument you are giving a description and overview. Clicking the instrument opens a new chart for that asset in the platform. You can have multiple assets open at the same time and conveniently switch between them.

IQ Option Review: Platform Assets

IQ Option Review: Platform Assets

It is also possible to click on an asset to get a more detailed overview including prices, charts and sentiment.

IQ Option Review: Platform Detailed Information

IQ Option Review: Platform Detailed Information

IQ Option Platform Charting

The platforms charts are visually appealing and available in multiple timeframes from 1 second all the way to 30 days. Charts display all of the necessary information about the current asset including real time price quotes (bid/ask), the open, close, high and low. You can choose to display charts as lines, bars, candles or Heikin-Ashi. There are multiple chart layouts to choose from if you wish to view multiple charts at the same time.

IQ Option Review: Platform Charting

IQ Option Review: Platform Charting

IQ Option Platform Trading

The platform has simple buttons to quickly and easily enter and exit positions. You can specify the size of the position and time. IQ Option have made trading as simple as possible.

IQ Option Review: Platform Trading

IQ Option Review: Platform Trading

IQ Option Platform Graphical Tools

The IQ Option trading platform has a range of inbuilt tools to assist with your trading. Graphical tools can be used to mark support/resistance, trends and Fibonacci levels.

IQ Option Review: Platform Graphical Tools

IQ Option Review: Platform Graphical Tools

IQ Option Platform Indicators

There are many technical indicators to choose from such as the moving average, MACD, RSI, Stochastics, Bollinger Bands, envelopes and CCI.

Interestingly, along with the most popular indicators, IQ option offer some additional advanced indicators that you cannot find built in to other platforms such as MetaTrader 4 (MT4). This includes Keltner channels, Aroon oscillator and ZigZag indicator.

Indicators can easily be added and removed from charts in just a few clicks with each indicator having a description and the ability to adjust the input values to suit your trading strategy.

IQ Option Review: Platform Indicators

IQ Option Review: Platform Indicators

IQ Option Platform Widgets

The platform also has some very useful widgets that you can enable to be displayed within your trading environment.

IQ Option Review: Platform Widgets

IQ Option Review: Platform Widgets

Sentiment Widget

There is the sentiment widget which displays the percentage of IQ Option traders who are buying or selling the current asset. Sentiment analysis is often used as part of a contrarian trading strategy.

High & Low Values Widget

The high and low widget displays the high and low prices on the chart.

Trades of Other People Widget

The trades of other people widget will allow you to see the trades of other users directly on the chart and displays the history of trades on the asset from the past 3 days.

News Widget

The news widget displays the most recent economic news and can be used as part of a fundamental analysis.

Volume Widget

The volume widget shows what amount of the selected asset was sold and bought within a certain period of time.

IQ Option Platform Templates

Once you have configured and customised the charts to your requirements, you are able to save the templates for using again on other charts now or in the future.

IQ Option Review: Platform Templates

IQ Option Review: Platform Templates

IQ Option Platform Account

Within the platform you are able to see an overview of your account including the balance, amount invested, profit and loss. You can view your total portfolio of open and pending positions along with your trading history and make quick deposits.

IQ Option Platform Community Chat

There is a chat window within the platform where you can talk with other traders about different markets and instruments. From the chat window you can also get support around the clock.

IQ Option Review: Platform Community Chat

IQ Option Review: Platform Community Chat

IQ Option Platform Market Analysis

In the platform you can view market news from a number of sources. This can be used as part of a fundamental analysis.

News Feed

The news feed displays the latest market news from a variety of different sources. This news can be used to help find potential trade opportunities and to keep up to date with the latest happenings in the financial markets.

IQ Option Review: Platform News Feed

IQ Option Review: Platform News Feed

Calendar

The calendar shows the latest economic news releases along with the expected level of impact and markets affected. The current, previous and forecasted results of each release is displayed.

IQ Option Review: Platform Calendar

IQ Option Review: Platform Calendar

Earnings Calendar

The earnings calendar displays the recent changes in prices of different assets.

IQ Option Review: Platform Earnings Calendar

IQ Option Review: Platform Earnings Calendar

Crypto Calendar

The crypto calendar displays previous and upcoming cryptocurrency events along with a rating of importance and link to the events page.

IQ Option Review: Platform Crypto Calendar

IQ Option Review: Platform Crypto Calendar

IQ Option Platform Video Tutorials

The platform has a series of built in video tutorials covering a range of topics from trading different markets, technical analysis, fundamental analysis and more.

IQ Option Review: Platform Video Tutorials

IQ Option Review: Platform Video Tutorials

IQ Option Platform Alerts

You can set alerts for when assets reach a certain price to be delivered through the platform or via push notifications. This can be a good way to monitor the markets whilst not needing to constantly chart watch.

IQ Option Review: Platform Alerts

IQ Option Review: Platform Alerts

IQ Option Review: Trading Tools

IQ Option have a wide range of trading tools, most of which are built into the trading platform. These tools can be used for analysing the markets as part of a trading strategy.

News Feed

The IQ Option website has a news feed that covers the latest news across different markets from a variety of sources. News can be filtered by asset class.

IQ Option Review: News Feed

IQ Option Review: News Feed

Historical Quotes

IQ Option offer historical exchange rates of currency pairs and other financial instruments. You can specify the periods of time to view and use the historical quotes for testing strategies and conducting technical analysis.

IQ Option Review: Historical Quotes

IQ Option Review: Historical Quotes

Calendars

You can keep up to date with the latest economic events and earnings release forecasts using the provided calendars. This can be helpful as part of a fundamental analysis.

Economic Calendar

The economic calendar displays a chronological list of events occurring in the financial world. Events covered include speeches, unemployment reports, inflation indices, resource forecasts, etc. The calendar shows the events impact rating, markets affected and results. Events can be filtered according to user’s preference.

IQ Option Review: Economic Calendar

IQ Option Review: Economic Calendar

Earnings Calendar

The Earnings Calendar allows you to track companies who are expected to release earnings reports within the next week.

IQ Option Review: Earnings Calendar

IQ Option Review: Earnings Calendar

IQ Option Review: Education

IQ Option have some useful educational resources including general trading guides and video tutorials.

Stock Collections

IQ Option have a stock selection where they display different collections of investments. You can view detailed information and historical performance of all the instruments within a collection.

IQ Option Review: Stock Collections

IQ Option Review: Stock Collections

Industries

IQ Option have collected and grouped together different new and established industries. You can view a description of each industry and see the historical performance of all the companies contained within them.

IQ Option Review: Industries

IQ Option Review: Industries

Video Tutorials

The IQ Option website has some easy-to-understand video tutorials covering a range of different topics from the basics of trading, different markets, analysis, financial news and how to use the IQ Option platform.

IQ Option Review: Video Tutorials

IQ Option Review: Video Tutorials

IQ Option Review: Trading Instruments

IQ Option offer a variety of tradeable instruments across various markets including FX Options and CFDs on Forex, Stocks, Crypto, Commodities, Indices and ETFs.

Forex

The foreign exchange (forex) market is the largest and most liquid with trillions traded every day. Forex trading involves the buying and selling of currency pairs against each other such as the EURUSD, GBPUSD, USDJPY, USDCHF, etc. Currency trading is considered highly volatile.

IQ Option offer over 70+ major, minor and exotic currency pairs with competitive spreads and zero commissions.

IQ Option Review: Forex Trading

IQ Option Review: Forex Trading

Options

Options trading is the speculation of an assets price increasing or decreasing over a specified period of time. IQ Option offer options on 50+ assets including Microsoft, Coca Cola and Tesla Motors. Options are only available to those who qualify as professional clients.

IQ Option Review: Trading

IQ Option Review: Trading

CFD Stocks

A contract for difference (CFD) allows traders to speculate on price movement of assets without needing to physically own the underlying asset. Through the IQ Option platform, you can trade over 180+ stocks from a range of companies listed on the global stock exchanges including Apple, Amazon, PayPal, Twitter, Facebook and many more.

IQ Option Review: Stocks Trading

IQ Option Review: Stocks Trading

ETFs

An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks. ETFs work by tracking commodities, indices, and baskets of assets. They are traded just like a common stock on the stock exchange. Traders can buy and sell their chosen asset.

IQ Option Review: ETFs Trading

IQ Option Review: ETFs Trading

Cryptos

Cryptocurrency is a digital online currency that is decentralised and based on complex mathematical algorithms.

IQ Option offer 10+ cryptocurrency pairs based on Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Ripple, Dash, Zcash, Qtum, Cardano, OmiseGo, Stellar, EOS, IOTA, NEO, NEM, TRON.

IQ Option Review: Crypto Trading

IQ Option Review: Crypto Trading

Commodities

You can speculate on the fluctuating prices of various commodity CFDs such as gold, silver, platinum, gas and crude oil (WTI, Brent).

IQ Option Review: Commodities Trading

IQ Option Review: Commodities Trading

IQ Option Review: Trading Accounts & Fees

IQ Option offer two account types, the standard account and the professional client account. There is also a demo practice account if you would like to familiarise yourself with the platform.

IQ Option do not charge a commission fee, instead the cost of trading is included within the spread. The minimum deposit required to open an account is $10.

The professional account has a lower level of protection and qualification requires a significant amount of trading volume, sizeable portfolio and previous financial experience.

There is an inactive account fee that occurs after 90 days and deducts €10 from your account each month, not exceeding the total balance left in your account.

IQ Option Review: Account Types

IQ Option Review: Account Types

As broker fees can vary and change, there may be additional fees that are not listed in this IQ Option review. It is imperative to ensure that you check and understand all of the latest information before you open a IQ Option broker account for online trading.

IQ Option Review: Customer Service

IQ Option offer customer support via online chat, telephone and email. They state that online chat responds within just 38 seconds and that emails can be answered in as soon as 14 minutes.

There are more than 90+ multilingual specialist located around the globe who are on hand to assist with any technical or general queries that you may have. The online support chat built in to the trading platform is very convenient.

IQ Option Review: Deposit & Withdrawal

IQ Option provide a variety of convenient methods for depositing and withdrawing funds from your trading account. This includes bank wire, credit card and online payment systems such as Neteller and Skrill. Please note that some methods may only be available to specific countries.

Deposits – Bank Transfer, Neteller, PayPal, Skrill, Visa/Mastercard, WebMoney WME, WebMoney WMZ.
Withdrawals – Bank Transfer, Neteller, Skrill, Visa/Mastercard, WebMoney WME, WebMoney WMZ.

Some fees may be charged when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries.

Accounts can be opened in USD, GBP, EUR, ZAR, RUB. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

IQ Option Review: Deposit Methods

IQ Option Review: Deposit Methods

IQ Option Review: Withdrawal Options

IQ Option Review: Withdrawal Options

IQ Option Review: Account Opening

It is very quick and easy to get started with IQ Option. You can sign in using Facebook or Google or you can create an account using your email address. Once complete, you will be given access to the IQ Option trading platform with a demo practice account. From there you can apply for a real account which will require some documents for KYC purposes such as proof of identification (e.g. passport or drivers license) and proof of address (e.g. utility bill). Once your account has been verified by the accounts team you can then make a deposit via the online platform using any of the convenient funding options available.

IQ Option Review: Account Registration

IQ Option Review: Account Registration

IQ Option Review: Conclusion

IQ Option is a very well-established online broker with a great range of trading instruments across multiple asset classes. It is under strict regulation across multiple jurisdictions. The platform is very user friendly with a vast array of useful tools and features for quick and easy yet informed trading. The charitable work the broker undertakes is very amicable and the online community is a good way to share ideas and meet like-minded traders.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Min $10 Deposit

IQ Option is a regulated & award-winning online broker offering a vast amount of trading instruments across multiple asset classes. The platform is very intuitive & packed with tools delivering a superior trading environment for all levels of trader.