IQ Option

IQ Option

  • Award-winning Broker
  • Reliable, high-liquidity platform
  • Trade Top Cryptos
  • Flawless customer experience


  • Quick deposits, quick withdrawals
  • Follow Experienced Traders
  • Short Selling Allowed
  • Free Demo Account


  • US-clients not allowed
  • Limited Investment Universe

What is IQ Option Broker? 

Today, individual investors have a wide range of options available to invest in cryptocurrencies or any other asset classes but it is not easy to find a reliable trading partner. At we aim to provide an unbiased review and provide our members with all the necessary information they need to make an educated decision as to what broker will suit best individual investor trading style and experience. We also aim to highlight potential flaws and downside and help to avoid scam platforms that are only interested to take your money. Today, we are going to review one of the most active brokers active in the cryptocurrency trading market called IQ Option. We will analyse the company’s standings and financial position, the reliability of its trading platform, markets traded as well as the pros and cons of this particular broker. So, if you want to navigate the complex world of cryptocurrency trading and find out what experienced traders say about this platform, please continue reading this IQ Option review. 

IQ Option Review

IQ Option – About the Company

IQ Option is an online trading platform that allows trading Contracts for Difference (CFDs) on major Cryptocurrencies including Bitcoin, Ethereum and many others, Stocks, Exchange Traded Funds (ETFs) and Forex. Professional Traders can also take advantage of IQ Option’s binary and digital options trading capability The company was established in 2013 and is headquartered in Cyprus. It is regulated in the European Union by the Cyprus Securities and Exchange Commission (CySec) with the licence number 247/14. 

It’s subsidiary, IQ Option UK is also regulated by the FCA (Financial Conduct Authority) in the United Kingdom. IQ Option is also registered and authorised by Consob (The Commissione Nazionale per le Società e la Borsa) in Italy, CNMV (The National Securities Market Commission) in Spain, Regafi (The Financial Agents Register) in France, AFM (The Netherlands Authority for the Financial Markets) in the Netherlands, Finantsinspektsioon (The Financial Supervision Authority) in Estonia and CNB (The Czech National Bank) in the Czech Republic.

IQ Option Review Trading Platform

IQ Option has been growing steadily year on year starting with circa 84,000 registered users in 2014 and reaching a staggering milestone of more than 7 million active registered users in 2020. At the time of writing this IQ Option review, the platform was handling more than 21,000 trades per day with an average daily trading volume of $53 million. This broker showed significant growth with the overall volume of trades increasing by 2100% between 2014 to 2020. This growth was mainly driven by the surge in demand in trading cryptocurrencies and from what we hear IQ Option offers one of the most advanced crypto trading platforms on the market today. 

IQ Option accepts clients from 2013 countries but it does not allow US clients just yet. It also won a number of top industry awards and also established IQ Option Charitable Foundation to support the social well-being of the most vulnerable communities. 

IQ Option Trading Platform Features

At the time of writing this IQ Option review, we found its trading platform to be one of the best on the market. Unlike many other brokers who use white-label platforms such Meta Trader or similar that often can be too complicated for inexperienced traders, IQ Option spent their money and developed a proprietary web-based terminal that is professional but also easy to use and navigate. For those who prefer to trade on the go, there IQ Option Android app available as well as one for iOS.  The platform is constantly improved and today it only takes 0.6 seconds to execute a  trade which is one of the best on the market. 

With IQ Option web trading platform you can have a multi-chart layout, various tools for technical analysis, historical quotes and beyond.  You can get the most of fundamental and technical analysis with News Feed and Economic Calendar as well as over 100 technical indicators and widgets. You can also stay up-to-date with what is happening on the market with customized price alerts and notifications. 

IQ Option Review= How to Invest in Bitcoin

In this IQ Option review, we would like to specifically mention Risk Management capabilities which are essential for a successful long term trading. IQ Option offers features such as Stop Loss/Take Profit, Negative Balance Protection and Trailing Stop to allow every user to manage potential profits and losses.

With IQ Option, users are trading Contract for Difference with digital and binary options trading available for professional traders. One of the advantages of trading CFDs is that you don’t need to buy the underlying asset and therefore pay the full price. Instead, you only need to put enough money to cover the price difference. With IQ Option, you can start investing in Bitcoin, Ethereum and other major cryptos and traditional assets with only $1 per trade.  

IQ Option Review - How to Start Trading

IQ Option commissions are also quite favourable. You actually don’t pay a commission per trade but rather in spreads which are highly competitive and depend on market conditions and leverage. Leverage Trading is also available but we would only recommend Margin Trading for highly experienced traders as you really need to know what you are doing and be able to absorb losses if the market goes against you. 

In this IQ Option review, we also have to mention ma massive IQ Option trading community where users can discuss trading ideas and opportunities as well as follow experienced traders and their investment strategies using features such as Traders Sentiment and Community Live Deals. 

IQ Option – Trading Asset Classes

At the time of writing this IQ Option review, users were able to invest in 12 most popular cryptocurrencies including but not limited to Bitcoin, Ethereum, Litecoin, EthereumClassic, Bitcoin Cash, Dash, Ripple, TRON, EOS and others. 

IQ Option Review - Investing in Cryptocurrencies

For those interested in diversifying their portfolios outside cryptos, IQ Option web trading platform also offers access to most popular Exchange Traded Funds, Commodities, Indices, 184 different stocks including Tesla, Apple, Zoom, Facebook, Google and many others as well as 48 Forex pairs and 26 different options. While some might find that the IQ Option’s investment universe might be smaller than some of the competitors, we think that gives good diversification options for most of the traders. 

How to Start Trading with IQ Option Broker

When writing this IQ Option review, we found that IQ Option open account process is very easy. All you have to do is provide you full name, email address and set up a password. After that is done, you will be able to log into the IQ Option web trading terminal. You can also use your social account or google profiles for IQ Option login. 

IQ Option Review - How to Open Account

In order to start trading with real money, you will first need to complete the Know Your Client (KYC) process with the broker. You will need to upload a copy of your passport, proof of address and also supply your tax number. That is a regulatory requirement but thanks to advanced technology, IQ Option account verification can be completed in a very short period of time.  IQ option English-speaking support staff did a great job in helping us to complete the account opening process. But IQ Option support is also available in more than 15 different languages covering most of the European but also Russian, Chinese, Hindi and many others. 

IQ Option Review - How to Start Trading

IQ Option Deposit and Withdrawals can be done via one of the most popular payments methods such as debit or credit card, bank transfer, PayPal, Skrill, Neteller, Sofort, WebMoney and other. 

IQ Option Review Deposit Methods

IQ Option Free Demo Account

One of the main advantages for beginner traders is that IQ Option offers a free demo trading account. Even before you complete the account verification, IQ Option allows you to start trading risk-free with $10,000 virtual cash. You can try the full functionality of the IQ Option web trading platform but without risking any money. That is particularly helpful for those who make their first steps in trading and want to tip in their toes in the water before depositing funds. 

You can test-drive your trading strategy, make a couple of trial one-off bet or follow experienced traders and see what profit you can get before committing real money to your account. You can take all the time that you need to learn the IQ Option trading platform and familiarize yourself with various trading strategies and technical indicators. In this IQ Option review, we also want to mention an educational platform that IQ Option offers for those making their first steps in trading. IQ Option has a comprehensive library of video tutorials covering the Basics, Crypto Digest, Technical and Fundamental Analysis, Market News, FX Options and CFD Trading. Even if you don’t know anything about trading, you will be able to learn and pick up things very quickly especially as everything is supported by comprehensive video material. 

How to buy Bitcoin with IQ Option Web Trading Platform?

While we would be providing a number of “How-To” Guides in a different IQ Option review, we would like to briefly demonstrate how easy it is to buy Bitcoin with IQ Option, in fact, you can do it with just a couple of clicks

IQ Option Review - How to Start Trading

Once you selected the asset that you would like to trade, on the right side you can select Trading Amount. The minimum trade size is $1 with 2x multiplier. So with $10 invested, your trading position will be $20. You can also set your Take Profit/Stopp Loss parameters which means your position will be automatically closed once a certain profit target is reached or if you want to minimize your losses. It is a great feature if you have positions opened but not in front of your computer all the time. 

IQ Option Review - How to Start Trading

Is IQ Option a Scam? Our Verdict

One of the primary goals of writing this IQ Option review was to determine if this is a reliable broker and if it can be trusted. Our verdict is definite YES. IQ Option is not a scam and can be trusted. But let us explain why did we come to such a conclusion. 

IQ Option Europe Ltd. is a company that been around for more than 8 years and it is also registered any regulated in some of the most reputable jurisdictions, such as FCA in the UK for example. It’s traders community of more the 7 million people from 215+ countries, the support team of 79 speaking more than 15 languages speaks for itself. We also found that IQ Option web trading platform is one of the best on the market offering superb user experience and fast execution speed. 

Of course, this IQ Option review won’t be complete if you don’t mention a certain drawback that we came across. Firstly, the investment universe is relatively small and only limited to 12 main cryptocurrencies. While the Stock coverage is alright, we thing that number of ETFs or Indices available for trading could be bigger. Some professional day-traders also find it’s trading terminal to simplistic and not offering many advanced features available with platforms such as Meta Trader for example. But we quite liked the OQ Option’s web trading platform and feel that for most of the traders it offers everything you need.

Also, in this IQ Option review, we have to mention that if you Google this broker you might come across a couple of scam reports. First, we were alarmed by this discovery but when we did further research we found very little substance to back them up. Unfortunately, in the world of internet and free expression of speech, many competitors do not shy from using dirty tricks and simply writing negative reviews on various forums. Of course, in the times of market volatility support staff can be overwhelmed and not answer your request immediately, or there could be some delays in trading caused by your own internet connection, or there could be some delays in deposits or withdrawals if your documents are not fully verified or there are some flags by an internal compliance system. That all can happen, but we could also verify that the IQ Option account managers are very friendly and always doing their best to help their customers. We also have not come across any serious scam or fraud reports, and the fact that IQ Option is regulated by the most prominent financial regulators speaks for itself. If IQ Option was a scam, they would siml=ply not be able to maintain their FCA or other regulations. 

IQ Option Review – Our Conclusion

As we mentioned above, we found IQ Option to be a reliable broker where you can invest in cryptocurrencies and other assets feeling safe. IQ Option is regulated by the FCA and other financial authorities, offers award-winning proprietary web trading platform and top-notch customer service. 

We also asked our member why do they choose to Invest with IQ Option broker and here are some of the top 5 reasons they gave us: 

  1. Reliable, high-liquidity platform. IQ Option is a licensed and regulated CFD broker, with a monthly trading volume in excess of $11 billion.
  2. Flawless customer experience. The support team addresses any problem in less than 1 minute 24/7.
  3. Comfortable trading. Web, Desktop, iOS and Android apps, so you can trade Crypto assets anywhere at any time.
  4. Short selling. Short selling a digital asset allows you to make a profit in a bear market when prices are going down. 
  5. Quick deposits, quick withdrawals. Clients from more than 214 countries have various options for depositing and withdrawing money in their local currency using the preferred payment method. 

So, all in all, upon completion of this IQ Option review we were satisfy with our experience and can recommend this broker. But we would also like to know your feedback so please share your experience of investing with IQ Option and what pros and cons at your opinion IQ Option have. 

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