IQ Option Broker Review 2018

FairBinaryOptions Broker Certificate
  • Min. Deposit $10
  • Max. Leverage 1:300
  • Spread EUR/USD 3 pips
  • Mobile Yes
  • Platform iqoption
  • LiveChat Yes

IQ Option emerged as one of the most popular online trading platforms in recent years. First time we reviewed IQ Option, we praised the broker for an innovative platform which was easy to use. We liked the low minimum deposit of just $10. In 2018, IQ Option is bigger than ever. The broker offers an extensive list of underlying assets that can be traded with several types of instruments. In order to test the platform, traders can use the free, no deposit, demo account.

To learn all the details, read our IQ Option review of 2018.

*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.

  1. Website Preview

  1. iqoption Account Features

    It’s very easy to sign up for an IQoption account – simply connect to your Facebook or Google account. After the one click there’s not much left to do. The demo account is readily available for trading after clicking the “Trade now” button.

    The IQoption Demo account includes 10.000 virtual money units for trading. What’s great about the demo account is the fact that one can replenish it all the time.

    The IQoption real account is obtained by simply depositing real money to the account. As mentioned, one can deposit the minimum or more. When trading with the real money, customers are actually using their deposited funds to make trades. It is possible to switch between demo and real account at any time.

    IQoption VIP account brings certain perks, such as expanded training opportunities, direct access to the support, unique offers and the dedicated account manager. IQ option VIP account starts with total deposit of €3000 or more.

    Risk Warning: 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.

  2. iqoption Trading Software

    The IQoption trading platform is one of the simplest to use. It is extremely fun and just overflows with features. If you need a good indicator, oscillator or just want to have a stream of latest news and chats from your peers – it’s all there.

    The platform is run from the browser, we tested it on a Macbook Pro 13” system and it worked great in Safari browser. IQoption also offers a version of the trading platform as a mobile app on iOS and Android.

    The platform is dominated by a huge chart. You can always use the multi-chart view which enables the trader to choose between more than 20 chart grids, depending on how many assets you are keeping track of at the same time.

    IQ option Chart analysis tools

    The platform has graphical charting tools like trend-lines and Fibonacci tools. Also included is a long list of indicators, such as the RSI, CCI, Alligator and others.

    Placing a trade on IQoption platform

    Placing a trade is – you guessed it – really simple. On the right side of the chart is the trading menu. There one needs to enter the amount to trade and other settings.

    In case one trades CFDs or forex, the multiplier is what is also referred to as leverage – up to 1:30 currently for Forex.

    If cryptocurrencies are being traded, there is no multiplier setting, while in case of options trading, the menu changes in a way that the trader also needs to set the expiration time and cannot use leverage.

    IQoption platform special features

    Cool feature of the platform is the chat function – traders can join various chat rooms and talk about strategy and other topics related or unrelated to the underlying asset, which is how most of the groups are formed. You cannot chat if you are demo customer but you can read what others are saying.

    Market Analysis menu offers a news stream following the most popular assets from relevant news sources. It also includes a forex calendar, with important reports tracked as they are scheduled and published. IQoption also added the Cryptocurrency calendar, which tracks the releases of the most important reports and news concerning the cryptocurrency market.

    We used the platform on May 11th 14:43h GMT+2 time and measured EURUSD spread of about 2,5 pips which is in line with other competitors out there. Since the spreads are variable, we cannot claim these are the numbers all traders will see for EURUSD.

    As we were writing the IQoption review, CFDs were offered on over 90 assets, Forex trading based on 29 currency pairs and access was provided to the cryptocurrency market with 13 cryptocurrencies, which is probably the one of the best selections out there.

    Cryptocurrencies that can be traded are Bitcoin, Bitcoin Cash, Bitcoin Gold, Dash, EOS, Ethereum Classic, Ethereum, Litecoin, OmiseGo, Qtum, TRON, Ripple and ZCash.

    Your capital is at risk
  3. iqoption Support Information

    Users can contact the customer support staff via phone, email, live chat and Skype.

    Website’s live chat is available in trading room and is supported in many languages. English and Russian support available 24/7. FAQ is very detailed and will help anyone with general questions about IQ Option.

    Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose
    Your capital is at risk
  4. iqoption Payment Methods

    Withdrawing and depositing is done through the same control interface presented after user logs into the account. Deposit panel lists amount that are available for deposit. When withdrawing, the process is similar and only takes few clicks to finish it. Users choose the withdrawal method, amount and send the request.

    Users with will see their withdrawal requests processed almost immediately since IQoption does this automatically. For both deposits and withdrawals, credit cards supported are Visa, Visa Electron, Mastercard and Maestro. IQoption supports , CashU, WebMoney, Boleto,Qiwi, WebMoney, Skrill and SafePay, too.

    Deposits are generally free, while withdrawals can carry a fee for bank wire withdrawals. Minimum withdrawal is just $2 due to commissions.

    The company behind brokerage, IQ Option Europe Ltd, was very helpful during our IQ Option review.

    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.

  5. Your capital is at risk
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