IQ Option Review

iqoption review
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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.

The company’s primary business model was initially binary options trading. However, in recent years, the company has expanded its offerings to include other “investment products.” In this article, we will explore IQ Option’s business model, the investment products it offers besides binary options, what CFDs are, and how IQ Option makes money from affiliate programs.


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.

What is IQ Option’s business model?

IQ Option is an online trading platform that allows users to trade a range of investment products.

The company’s primary business model was binary options trading. Binary options are a financial product that allows traders to make predictions on whether the price of a particular asset will rise or fall.

However, binary options are widely considered to be a scammy and illegitimate investment product.

Therefore, IQ Option’s business model has shifted in recent years to offer other investment products such as CFDs, stocks, forex, cryptocurrencies, and ETFs.

Binary options vs. real options?

Binary options are widely considered to be a scammy and illegitimate investment product, while real options are legitimate investment vehicles. Real options, also known as vanilla options, give traders the right but not the obligation to buy or sell an underlying asset at a predetermined price and time. Real options have been traded for centuries and are widely used by professional traders and investors. Binary options, on the other hand, are all-or-nothing bets on whether the price of an asset will rise or fall. Binary options have been banned in many countries due to their fraudulent nature.

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.


  • 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 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.

What investment products does IQ Option offer besides binary options?

Besides binary options, IQ Option offers a range of investment products, including CFDs, stocks, forex, cryptocurrencies, and ETFs. CFDs are a popular trading instrument that allows traders to speculate on the price movements of an underlying asset without owning the underlying asset itself. CFDs are Over-The-Counter (OTC) products, which means that the trader is trading directly with the broker as a counterparty. This raises concerns about conflicts of interest, as the broker may be incentivized to make the trader lose money. Despite this, CFDs have become a popular investment product due to their flexibility and potential for high leverage ratios.

What are CFDs and how do they work?

CFDs, or Contracts for Difference, are financial products that allow traders to speculate on the price movements of an underlying asset without owning the asset itself.

When trading CFDs, the trader enters into an agreement with the broker to exchange the difference between the opening and closing price of the underlying asset.

This means that the trader is not buying or selling the underlying asset but rather is speculating on the price movements.

CFDs are usually traded with leverage, which means that the trader can control a large position with a relatively small investment.

However, this also means that the potential losses are magnified, and traders need to be aware of the risks involved in trading CFDs.

How does IQ Option make money from affiliate programs?

IQ Option, like many other online trading platforms, offers an affiliate program that allows third-party websites and individuals to promote their platform in exchange for a commission.

These affiliates can earn juicy commissions for every user they refer to IQ Option who opens an account and starts trading.

This creates a win-win situation for IQ Option and their affiliates, as IQ Option gains more users, and affiliates earn commissions for their referrals.

However, this also means that there is an incentive for affiliates to promote the platform even if it may not be in the best interest of the user.

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 Option

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: April 4, 2023

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