IQ Option Review

iqoption review
Rating: rating
IQOption is one of the best binary options brokers with a unique trading platform.

  • Minimum Deposit: $10
  • Accept US traders: No
  • Our Rating: 4.5/5
Promo: Trading Competitions ยป Sign up now

RISK WARNING: Your capital may be at risk.

Broker Review

IQ Option was founded in 2013. IQ Option Europe Ltd. operates in the countries of EU, is registered at Cyprus and is regulated by CySEC with license #247/14. Their other company, IQ Option Ltd. operates in all other countries and is registered at Seychelles, this entity is not regulated.

IQ Option is a great broker for beginners because of the minimum deposit requirement of only $10, which is the lowest in the industry. On the other hand, this broker is also a great choice for advanced traders because their loyalty rewards are one of the best.


You’ve probably observed that most binary options brokers look the same: the same layout, same promotions, same bonuses, same trading platform.

There is not really a big difference between them. IQ Option on the other hand is trying to be the most innovative broker with many unique features, that are not available at other brokers.iqoption-review

The website accepts most countries, however US traders are not accepted here. We have a special page for US traders so make sure to check out these us welcome binary options brokers.

Update: IQ Option is now the official sponsor of the Aston Martin racing team.


  • Cysec Regulated Broker
  • Transparent Broker With EU License
  • Free Demo Account (No Deposit Required)
  • High Payout, in case of successful trade
  • Minimum Deposit Of $10
  • New Buyback System Available On All Platforms
  • Advanced Tools And Charts
  • Available In Many Languages


  • Under 100 assets
  • US traders are not accepted
  • Cannot deposit with PayPal

IQ Option Platform Review

First of all, this broker is one of the few that offers a free demo trading account. And it really is free, meaning that you don’t have to deposit anything to access it. Unfortunately most other broker require you to make at least a minimum deposit to take advantage of the free demo account.

As said, this broker has one of the most unique trading platforms, developed by specialists. They are improving this custom built software all the time by taking into consideration what the traders really want and need. This software is proprietary, which means that you won’t find it anywhere else. The trading platform has a ton of features but at the same time its very easy to use.

IQ option has a new trading competition each month. This feature is very popular and many traders try their luck. There are prize funds up to $100.000 and this is increasing all the time. If you don’t want to invest a lot you can enter smaller tournaments even with $4.

Even though most binary option brokers don’t really care about charts and tools, IQ Option has it all.

They even offer candlestick charts, a feature that should be available on other brokers as well, but isn’t unfortunately.

They have 78 assets which is ok, but could be more.

IQ Option Deposit and Withdrawals

Deposit are fast and you can pick from many payment methods.

Deposit/withdrawal methods: Credit Card, Wire Transfer, Skrill, Qiwi, WebMoney, CashU, iDeal, Fasapay, Neteller, Boleto

We used Skrill for deposit and withdrawals and both were processed very fast.

IQ Option has decreased the processing time for withdrawals significantly. It used to take up to 4 days to get your money, back in 2014, it now takes only 1 day to get it. What’s even better – IQ Option has no commissions or any other hidden fees. The minimum withdrawal is $10 and you can use any payment method to get the funds.

The maximum return on IQ Option is 91% which is really good.

Broker Name IQ Option
Regulation CYSEC
IQ Option Minimum Deposit $10
Minimum Trade $1
Depositor Bonus None
Maximum Payout 91% (in case of a successful trade)
Free Demo Account Yes, free of charge

RISK WARNING: Your capital may be at risk.

Your funds are protected on IQ Option, because the broker participates in compensation funds: ICF Cyprus. This means that you will get your money even if the broker cannot fulfill its financial obligations.

IQ Option Website

When you enter their website, you will see that this isn’t just another broker offering unrealistic bonuses or fake user reviews. Instead, IQ Option stands out by showing you real awards (most reliable broker, most innovative broker, best binary options broker) or reviews from other trustworthy websites in the industry (like FinanceMagnates).

iq option trading

The broker has its quotations from trusted sources.

IQ Option Trading App

Did you know that their trading app is the #1 rated app in over 20 countries? The app is so good, that I really doubt the competition will make a similarly good app soon. Available on Android and iOS, the assets are sorted by profit margin and the layout looks very fancy and intuitive.

Is IQ Option a Scam?

No, IQ Option is no scam as far as we know. They are one of the most transparent brokers out there with a Cysec regulation. If you have any positive or negative experience with this broker, please leave a comment below and let us know.

IQ Option Review – Conclusion

This is the most affordable broker with only $10 minimum deposit, 91% payout (in case of a successful trade) and new buyback system. IQ Option offers the best conditions for trading in the industry.

Compare IQ Options

24option is probably the biggest competitor of IQoption. 24Option is also Cysec regulated and has a fantastic reputation in the industry.
Finpari is one of the few brokers that still accepts US/Australian and Canadian traders (IQ option doesn’t accept these countries).

RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Your capital may be at risk.

Page Updated: November 2, 2020

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