IQ Option Review

Update (July 2017): IQ Option now offers much more than binary options trading. They have introduced Forex and CFDs trading, ETFs, crypto currencies as well as classical and digital options.

IQ Option is one of the best binary options brokers. They are trustworthy and they offer a free, no-strings-attached demo account. And, as you will discover if you continue reading this IQ Option review, they have much more to offer to beginners as well as experienced traders.

Newbies can benefit tremendously from their FREE UNLIMITED DEMO account. It doesn’t even require a deposit or any payment details to use. For those looking for a low-deposit broker, IQ Option is a great choice. Their minimum deposit is just $10.

If you don’t already have an account with IQ Option, it takes just 2 minutes to create one. It’s totally free and you will be able to immediately start trading on a demo account.

The fact that IQ Option does not work with scam auto traders is another indication that they are highly trustworthy. Indeed, many people regard them as one of the most legit binary options brokers available.

Note: IQ Option is not accessible in the United States and a few other countries (see below).

IQ Option Review is a binary options brokerage firm which is EU-regulated by CySEC since 30/07/2014 under license no. 247/14. Except for being regulated, here are some of the benefits you will get if you sign up with IQ Option:

  • They offer a very low deposit requirement ($10).
  • Minimum trade size is $1.
  • Payouts in case of a correct prediction: Up to 91%.
  • A FREE UNLIMITED DEMO account is available. You can sign up and trade without making a deposit.
  • Free education and trading pattern section.
  • They host exciting trading tournaments. One of my fellow traders was having financial difficulties. After a few days of not hearing from him, this is the message he sent me: “My problem is solved with the help of binary options. I won in the tournament in binary option and got 1896$ by achieving third place using the breakout trading pattern and the martingale trading pattern..”
  • More than 10 strategies that will teach you how to become a professional trader.
  • Buyback feature can be used to cancel a trade and get a compensation.
  • You may deposit and withdraw using credit and debit cards, wire transfers, Neteller, CashU, Skrill, WebMoney, Poli and Qiwi.
  • Available expiries: 60 sec, 15 min, 30 min, 1 hour, and many more!
  • Mobile apps for iPhone, iPad and Android
IQ Option Trading Platform
IQ Option’s Platform

IQ Option’s Regulation and Reputation

To make a long story short: this operator has everything going for it. For years, they’ve dominated the binary option scene, thanks to the near-perfect feature package they put together. There was just one shortcoming many traders used to point out: the site did not work with auto-traders or any third-party trading robots. Had it not been for this “issue,” IQoption may well have gobbled up the lion’s share of the global binary option market.

This “issue” of theirs is much more intricate though. It could never have been solved by the opening up of the platform to auto trading. Everyone involved with binary options knows that the vast majority of auto traders are scams. They are associated with various brokers of a dubious moral compass, most of whom aren’t licensed to begin with. A company of IQoption’s stature would never get involved in such shady activities.

Testimonials from real traders

Please let me know if you have any experience with IQ Option and I’ll include your testimonial in this review.

“Also if you have any information about iqoption as binary options broker. I am testing it and has really a very good trading platform, indeed, the best one I have seen, with very a big surface, can display tradings in form either of ticks or of candles up to one minute, some indicators can be used too, trend lines the trading platform can be used in demo account even without having to first deposit any money and a real account can also be opened beginning with 10 euro and trades can be individually selected beginning with 1 euro. They sit in London and they say they are regulated. Offer both 60 second trades and binary options.”

“I have received a call from IQ Option by a gentleman who is providing me with assistance in the matter. I am genuinely blown away by this customer service. I have received my deposit back from IQ Option to my card and the Bankwire transfer currently being processed. The truth is that I should have been a bit more patient with them as they do seem to be doing exactly as promised and for this I am grateful.”

See also an interview with an IQ Option trader.

IQ Option Review Conclusion

If you’re serious about binary options trading, get yourself an account with IQ Option if you don’t already have one.

IQ Option Disclaimer

Broker name IQ Option
Launched in founded in 2013
Website URL
Trading platform/app Proprietary
Trader demographics All countries, except USA, Canada, Australia, Belgium, Japan, Russia, Turkey, Israel, Syria, Sudan and Iran. The Android app is unavailable in Malta, Myanmar, Liechtenstein and Cuba.
24/7 Support English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Indonesian
Regulation CySEC
Minimum Deposit $10
Minimum Trade $1
Maximum Trade $5,000
Deposit/withdrawal methods Credit Card, Wire Transfer, Skrill, Qiwi, WebMoney, CashU, iDeal, Fasapay, Neteller, Boleto
Withdrawal 1 business day
Assets 500+ Currency pairs, stocks, indices and commodities
Mobile App Yes
Verdict Truly impressive

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Please comment below if you have any questions or feedback regarding IQ Option!

IQ Option FAQ

Got any questions about IQ Option? You’re welcome to contact me.

What documents do I have to send in order to verify my account?

You will need to send scanned copies of a government issued ID, a utility bill and a copy of your signed credit card if that is the withdrawal method you are using (hide the credit number, obviously).

Besides binary options, which trading instruments are offered by IQ Option?

For those of you who are looking for high risk, high returns trading instruments, IQ Option makes available more than 10 million options, including binary options, classic options and digital options. Options allow you to speculate on the price dynamics of currencies, indexes, commodities and stocks. IQ Option recently introduced Forex on their platform which allows you to trade 188 forex pairs.

If you prefer a lower risk, then you could try IQ Option’s Stock Trading. This instrument allows you to invest in shares of 7485 of the best performing companies traded on the NYSE and NASDAQ.
The instrument with the lowest risk, but also the lowest returns, would be ETFs. IQ Option provides 4288 ETFs (including such as 6 funds in the Clean Energy category, 17 funds in Biotechnology, 63 in Tech and many more) to help you diversify your portfolio with exchange-traded securities that track indexes, commodities and baskets of assets.

Review Date
Reviewed Item
IQ Option
Author Rating


  1. I am from South Africa and have never traded before. Which option/s would your recommend for me to get started? Do you offer an auto trader service?

  2. Hi, Why my IQ option account is blocked?
    Is that I was profit from 200$ to 4200$ in a short period?
    What should I do to get my profit money? What regulated broker mean?

  3. hi iam thozamile kwakwari in south Africa wat broker is good for me I don’t have big amount of money but I want to join

  4. I am in Ukraine
    Which broker is good for me to use with low amount of money
    I will like to join the group so i can be put through making money because i am a newbie
    please reply me

  5. I have traded with IQ Option since the summer of 2016 and I think they have gone forward during this short timeframe. They skipped their bonus program in the autumm, that’s a major improvement. Bonuses are not beneficial for the traders.

    IQ Option is almost there, in the class of 24option, AnyOption, TopOption, Binarymate, and maybe some more (please tell me which!) brokers that make up the cream of the European-style binary options industry.

    Although, I am critical of the heavy platform that delays the trades. In case I haven’t The Best Internet Connection of the World, I often receive a message (seconds after I have pushed the green or the red button) that the option was never sold because the price has changed. Or, in the worst case, a contract is executed, but with a delay. Then I possibly get a better sr than I ever had dared to wait for… possibly not.

    In the demo mode I often lose my patience, push the button fivehundred times, nothing happens still. Then, suddenly, maybe twenty trades are executed and the account is blown up, or it grows by seventy–ninety percent. Once I got truly rich in playground money when this happened many times in a row. Absolutely nothing to try in real money!

    I haven’t experienced that problem when using SpotOption platform or such. So, what is the meaning of IQ Options? OK the charts are beautiful and evocative and you can move them and zoom so smoothly. But why to do that when you need your or mt4 anyway? Even if you trusted on rates delivered by your brokerage, the charts just aren’t good enough for technical analysis. Why are the candlestick bodies always equalized with their neighbours? Using IQ platform you will not notice concepts like Harami, Engulfing, Gap, and so on. Every bar opens where the previous closed. Do features like this benefit the trader and justify the platform?
    Then there are the bunches of indicators, yes, very nice! But if you look at them closely, you will see that the moving averages are limited to 200 periods, so you can’t use, let us say, SN IR’s standard setup with 360 EMA.

    For me, IQ’s main flaw is their interface. I haven’t experienced them messing up their banking or things like that.

  6. How do I join Mikes Signals Group FB page i have clicked on the link, sent mesages to Daniel Miller and Anna and received no reply ? – please advise – thank you

  7. Hello – I live in south Africa and have opened a demo account with IQ Option and when clicking on the link “Send us a message via Facebook and tell us you would like to join our signals group.” I am taken to Daniel Millers ?? facebook page – please can you advise how to receive your signals from Mikes Signal Group to practise with the demo account before opening a real account – thank you

  8. Thanks for informative review James, does this mean even the manual signal providers have to seize their services to binary options?

  9. This is obviously a blow to the newbie online day-traders who rely on the implementatuon of auto traders to take their investing to the next level but it was done for a professional and for-the-better-good reason which is good enough for me! Glad to see some brokers still care about the well-being of investors, hopefully more brokers will take this into consideration with all the regulation changes occurring in this vast and wonderful industry we know as binary options! Solid review and enlightment James, thank you!

    Tim Lanoue

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