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IQ Option is an online trading platform that offers 12 crypto coins and several crypto to fiat pairs to its users. The exchange has more than 20 million users, with trades per day exceeding $3 million, a monthly trading volume of over $11 billion and over $6 million withdrawn per month. IQ Option offers a variety of payment options and a free demo account with $10.000 of virtual funds.
The platform is innovative, functional, and provides everything a trader needs: a multi-chart layout, technical analysis, historical quotes etc. It is a bit hard to get used to, but well-structured and easy to navigate once you get your bearing. Some countries have different verification requirements for withdrawals. The platform offers news and training videos and is suitable for day traders.
Crypto Currencies Support
Traditional Currency Support
- Euros (EUR)
- Indonesian Rupiah (IDR)
- Malaysian Ringgit (MYR)
- Russian Ruble (RUB)
- US Dollar (USD)
- European Union
- Hong Kong
- Most of Asia
- Most of Eastern European Union
- Most of Latin America
- Most of the Middle East
- New Zealand
- Not Belgium & Israel
- United Kingdom of Great Britain and Northern Ireland
- Web Interface
- Desktop APP
- Mobile App
Stock Market Options
- Allows customization of charts
- Allows the movement or resizing of boxes
- Allows customized alerts and notifications
- Market Order
- Margin Trading x3
IQ Option security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.
The IQ Option exchange is operated in Europe by IQOption Europe Ltd, based in Limassol, Cyprus, and in other countries by IQ Option Ltd in Seychelles. The exchange was founded in 2013. In Europe it is a broker regulated by CySEC, while outside of Europe it is not a regulated broker. There are few details available regarding the founders and team members.
IQ Option is a full trading platform for binary options, Forex, and cryptocurrencies. It is a reliable, high-liquidity exchange with a range of payment options, is regulated by the CySEC agency, and offers mostly low fees and a free demo account for users to get to know the platform. Cons include slow customer support and country restrictions: they don't operate in USA, Russia, Canada, or Japan.
Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party
IQ Option offers three types of accounts: demo, real, and VIP (with a personal account manager, training materials). There are no deposit/withdrawal fees except a fixed withdrawal fee for wire transfers to user bank accounts. There is a fixed account admin fee of €50. When trading cryptos, users will obtain OTN (Open Trading Network) tokens that can be either withdrawn or used to pay for fees.
Slow customer support, platform freezes