IQ Option Review
π² Min Deposit $1
β Year Established 2013
π‘ Min Position 0.01 lot
π Website iqbroker.com
β Max Leverage 1:500
IQ Option is a well-established broker since 2013. IQ Option has a headquarter in . IQ Option to provide their Forex/CFD trading services to over 4 million clients.
Account Information
Apart from the forex demo account, this broker offers Standard. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by IQ Option is up to 1: 500. Meanwhile, you can open an account with a starting capital of $1.
Min Deposit
$1
Max Leverage
1:500
Spread
Variable
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
π² Min Deposit $1
π‘ Min Position 0.01 lot
π’ Spread Variable
π Scalping
π€ Expert Advisors
Instruments Traded
Besides lots of currency pair, IQ Option also offers some instruments you would like to trade on, such as Forex, CFD, Stocks, Options, ETF and Crypto for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Standard account, IQ Option specifically provides it with the following instruments and leverage:
Payment Methods
WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
IQ Option also provides payment with giropay, WeChat, UnionPay, Trustly, TrustPay, Przelewy24, Perfect Money, Entercash, Credit/debit cards and AdvCash
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, IQ Option offers you IQ Option.
Customer Support
Do you have any question or find any trouble related to IQ Option? If you do, you should reach IQ Option's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About IQ Option
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if IQ Option is a good broker for you or not by reviewing the criteria. In general, IQ Option provides trading service in Forex , CFD , Stocks , Options , ETF and Crypto . As for the payment methods, you can choose between WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Perfect Money, giropay, AdvCash, TrustPay, Przelewy24, Trustly, Entercash and WeChat. The customer support is available via Email, Web form, Phone and Office.
The starting capital in IQ Option is $1.
IQ Option is regulated by None. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
IQ Option is a brokerage company offering trading services for clients since 2013 with offices in .
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2 Comments
Yai Parnthong
Dec 25 2023
Regulation - 0 Γ°ΕΈΒ₯Β΄ Dubious thing, as the IQ option broker has even the CySEC license, seems to be one of the most credible in the market, lol. The company is legit and this shouldn't be questioned.
Danit Chalor
Feb 7 2024
I think the article is mistaken when it said that the crypto leverage is 1:100. It would be crazy to trade crypto with such leverage. The true leverage is 1:5 or 1:3 depending on the cryptocurrency.