IQ Option Review 2021

IQ Option Review 2021

Davis J.
Robertson A.
March 2021
Analysis of the Main Features of this Binary Broker

9.5

Overall rating

9.2

/10

Execution of orders

9.8

/10

Investment instruments

9.6

/10

Withdrawal speed

9.4

/10

Customer Support work

9.1

/10

Variety of instruments

9.9

/10

Trading platform

2

Position
in rating

Trading terminals:

IQ Option
2

Position in rating

9.5/10
Overall rating

Trading terminals:

IQ Option

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of IqOption Trading Company

The IQ Option broker offers binary options, stock markets, and Forex market instruments services in Europe. The company was founded in 2013 and today is among the leaders in this genre thanks in large part to its proprietary platform. The broker was awarded prestigious European awards as the most innovative and dynamically developing company in the binary trading segment. In 2015, the broker was awarded the “Best Binary Options Broker in Europe” by the Global Banking & Finance Review. In 2017, the broker was awarded the highest award by the Communicator Awards.

Attention!

We work with accounts only through the Traders Union website.

👍 Advantages of trading with IqOption:

  • convenience from a visual narrative, the platform is user-friendly for novice traders;
  • one of the highest levels of remuneration in the segment of binary options.

👎 Disadvantages of IqOption:

  • mismatch of platform quotes with real market quotes;
  • a limited number of timeframes in comparison with MT4, without the possibility of setting non-standard intervals;
  • the online platform is heavy on your computer’s RAM;
  • there is a shared offer, not all trading conditions are displayed on the website and in the personal account. You have to investigate them either through trial and error or with the help of support services;
  • there is no possibility of adding additional indicators, no algorithmic trading is provided;
  • offshore regulation;
  • delays in cash withdrawal.

Overall

The IQ Option broker is for novice traders who are not yet ready to trade on Forex but would like to get their first trading skills.

Visit IqOption

IQ Option Latest Comments for 2021

0
14
4

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of IqOption published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

I have been trading with IQ Option for only a couple of months. In the beginning, everything was not bad. I deposited a symbolic amount of $50 and traded "at the minimums”. As a result, I earned about $200 in two weeks. I decided to trade "big". I deposited $2,000 into the account, and here everything changed dramatically. The terminal began to work with constant interruptions. It froze every two hours, sometimes it just stopped responding and I had to restart the computer. I wrote to customer support. They advised me to use a more powerful computer. As a result, during one of these "freezes", I lost my entire deposit. The broker refused to explain this in any way. They said that there was a mistake, but they refused to return my money.

IQ Option does not return money to traders! I applied for a withdrawal of the funds that I earned. At first, my application was simply rejected. I contacted customer support, they told me that there was some kind of failure and I need to send the application again. I made another application. About five days passed: the personal account indicated that the money had gone from the account. But nothing was credited to my card. I wrote to support again. First, they wrote all sorts of excuses that you need to wait, etc., and then they just blocked my account.

Binary Options is just a game of luck. And working with IQ Option is also a game with scammers. They simply do not allow you to withdraw earned profits. I accelerated my deposit from $500 to $3,300 in a week and put a small part of the money on withdrawal. After that, a letter came that the withdrawal of money was denied since I allegedly violated some conditions! But no one could explain what specific conditions I violated. For a couple of weeks, I tried in vain to get it unlocked, but the support told me that they could not help. In short, don't get involved with IQ Option.

This was my first binary options broker. And this is the worst broker that I have come across. Let's start with their trading platform freezes frequently, and besides, it loads the computer's RAM a lot. There are no trading conditions as such on the site — you have to test everything yourself by trial and error. But the most important thing is that the broker personally draws off-the-books quotes. I compared with quotes from other brokers, the difference can reach more than 100 pips! Therefore, my advice to you is not to contact IQ Option.

Warning! This is a real bucket shop! Everything was fine at first. I have been making a stable income for over three months. In one month, it even turned out without any losing trades at all. As a result, a certain amount accumulated on my account, which I decided to withdraw. It immediately became clear that I needed to provide additional documents. The list of them supposedly should come to me by mail. Of course, nothing came, but the customer support pretended that they could not withdraw without these documents. For a couple of weeks, I tried to get my money withdrawn, but in the end, my account was simply blocked, and they stopped answering my calls.

They blocked my account as soon as I raised $2,000 in three days. I received a letter that the broker is terminating the contract with me due to a breach of contractual obligations. IQ Option allegedly had evidence that I was involved in market abuse and used information that was not publicly available or had not previously been disclosed. At first, I wrote letters and called customer support, but I quickly realized that it was all to no avail. IQ Option broker is a bucket shop that will never give you back your money.

I have been trading with IQ Option for only a couple of months, so far it seems to be good. There are a lot of trading tools, there are also training video courses. As for the downsides, I didn’t like the lengthy registration and verification procedure when opening an account. The trading platform also freezes from time to time. Also, there is no possibility of adding additional indicators. As for the withdrawal of funds, I can not say anything, since I have not withdrawn anything yet. I hope that there will be no problems with this, as the broker is quite famous for withdrawal problems.

2 3 >

Video Review of IqOption

Expert Review of IqOption

IQ Option has a competitive advantage due to active marketing campaigns and technological platforms. Compared to its competitors, the IQ Option platform may seem confusing, but it is ahead primarily due to its functionality. No other broker has such a set of functionalities for technical analysis, including charting tools. Few have built-in topic chats.

IQ Option is actively expanding its product range. It was not until fairly recently that Digital options with yields of up to 900% appeared in the broker's range of tools, and were also added as cryptocurrency assets. IQ Option is the first broker who combined options trading and classic Forex trading on one platform. Also, it has disadvantages. First, the company works only with residents of specific countries; clarify the restrictions with the support service. Secondly, the browser platform "lags" so you need a good computer.

In general, the company creates a rewarding experience and is worth at least opening a demo account. IQ Option has been a partner of the Union for over a year and occupies a medium rating in the Traders Union Forex brokers rating.

Antony Robertson

Traders Union
Financial Analyst

Analysis of the Main Features of this Binary Broker

9.5

Overall rating

9.2

/10

Execution of orders

9.8

/10

Investment instruments

9.6

/10

Withdrawal speed

9.4

/10

Customer Support work

9.1

/10

Variety of instruments

9.9

/10

Trading platform

Dynamics of the Popularity of IqOption
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Geographic Distribution of IqOption Traders

Investment Programs, Available Markets and Products of the Broker

Regarding the technical peculiarity of the binary options platform, investment programs are not provided at IQ Option.

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at [email protected] or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

IQ Option affiliate program

  • Up to 50% of the broker's profit with a payment twice per month.

Affiliate program features. Dashboard: displays statistics in real-time with advanced geo-analysis and detailing by sources, countries, registrations. Postback: tracking technology allows you to transfer statistics to the affiliate advertising network of the partner.

Rebate and Discount Programs of the Traders Union for IqOption

The Traders Union rebate service is your opportunity to reduce trading costs in Forex and binary trading. Register on the Traders Union website for free and open an account on the IQ Option platform using the affiliate link, if you want to get a partial compensation of the spread for tomorrow or compensate part of the costs in options.

Information

IQ Option Affiliate Reward: Crypto - 50% of the commission; FX and CFDs - 50% of the spread; digital options - 50% of the turnover; and binary options - 2.5% of the profit. The Traders Union pays 80% of these amounts to the trader.

Example. Trader opens trades on 1 lot for a EUR / USD pair every 2-3 days. Within 1 month he made 10 trades. His cost for the broker's commission was approximately 2 pips per 1 lot, the payments for the broker's services for 10 lots amounted to $200 when the cost of 1 pip is $10. If registered through Traders Union with IQ Option you will get back $80, and your real spread costs will be $120.

Try it!  You’ll like this!

Trading Conditions for IqOption Users

Trading conditions at IQ Option in the segment of binary options are among the most attractive and trading conditions in Forex can be considered quite competitive. In binary trading, there are two types of options: classic and digital; Forex offers to trade stocks, currency pairs, commodity assets, cryptocurrencies.

$10

Minimum
deposit

1:500

Leverage

24/7

Support

IQ Option
Trading platform: IQ Option (proprietary platform)
Account types: There is only one account to trade on Forex with IQ Options
Account currency: EUR, USD, GBP
Replenishment / Withdrawal: WebMoney, Neteller, AdvCash, Skrill, Perfect Money, Visa, Mastercard
Minimum deposit: 10 USD
Min Order: $1
Instruments: CFDs on Stocks, ETFs, Commodities, Indices, Cryptocurrencies, Forex and Options
Mobile trading: Yes
Affiliate program: Yes
Trading features: One account dedicated to both Forex and binary options
Contests and bonuses: No

Comparison of IqOption with other Brokers

IqOption Binary.com ExpertOption Binomo Corsa Capital OlympTrade
Trading
platform
IQ Option Webterminal Digital-options private trading terminal WebTrader Webterminal
Min deposit $10 $5 $50 $10 $1 $10
Trading
instruments
Forex, goods, indexes, stock indexes, Forex, goods, stock, random index no indexes, stock, currency pairs / CFD, goods indexes, stock, Forex, tick options, futures binary options currency pairs / CFD, oil, BRENT grades, gold, silver
Signals Yes No No Yes No Yes
Analytical
support
Yes Yes No Yes Yes Yes
Training Yes Yes No Yes Yes Yes
Additional
tools
Return of the fixed percent from deal at the unsuccessful forecast premature closing No No Cancelling of an option prior to the beginning of its action Cancelling of an option prior to the beginning of its action

Broker comparison table of trading instruments

IqOption Binary.com ExpertOption Binomo Corsa Capital OlympTrade
Forex Yes Yes No No Yes Yes
Metalls Yes Yes No No Yes Yes
Crypto No No No No No Yes
CFD Yes Yes No No Yes No
indexes No No No No No Yes
Stock No No No No No Yes
ETF No No No No No Yes
Options Yes Yes Yes Yes No Yes

IqOption Commissions & Fees

Information

Experts at Traders Union have analyzed IQ Option trading conditions for explicit and hidden commissions. It is worth noting the lack of transparency in the broker's tariff policy. In particular, there is no formula for calculating the spread, which also depends on the leverage (according to the website). Also, different spreads are indicated for the Forex and New Forex groups, causing some confusion. There is a commission for withdrawing funds more than once a month.

Account type Spread (minimum value) Withdrawal commission
General account From $1 Yes

There is a swap (commission for shifting transactions to the next day) on separate assets. A comparative analysis of IQ Option trading commissions showed that the average spread for the broker's currency pairs is about 1.7-1.9 points (the maximum is 4 points). Based on the analysis of similar indicators of its competitors, the IQ Option broker was assigned an appropriate level.

Broker Average commission Level
IqOption $17 High
Binary.com $0 Low
Nadex $1 Medium
IqOption
$17
Binary.com
$0
Nadex
$1
Conclusion

IQ Option broker offers differentiated spreads depending on the asset group. You can reduce trade costs with a rebate from the Traders Union.

Detailed Review of IQ Option

IQ Option broker is one of the few brokers that has created an author’s trading platform for binary options (understandable to novice traders) and added functionality for classic Forex trading. In other words, the IQ Option browser platform uses the up/down binary trading technology and amends the ability to open trades according to the classic MT4 principle.

A few figures about IQ Option that may be of interest to traders:

  • over 48 million registered users around the world;

  • over 1.3 million transactions per day;

  • over $20 million monthly payments;

  • over 400 trading assets, including cryptocurrencies;

  • the minimum investment amount is $1 (without reference to the minimum volume of 0.01 lot).

The IQ Option broker is a perfect symbiosis between the Forex and binary options platforms

The mission of IQ Option is to constantly improve the functionality of the trading platform, optimize the order processing and the speed of their execution. Broker liquidity providers guarantee the execution of orders at a speed of up to 50 ms (for Forex trading), in binary options orders are executed according to the DD (Dealing Desk) scheme.

One of the peculiarities of IQ Option is the integration of the platform into the personal account, which allows you to trade and manage your profile in one window. A trader can open several charts on the screen (the “Chart Grid” function), working simultaneously with binary options, stocks, and CFDs. The technical analysis toolkit of the platform includes 50 indicators, 4 types of charts (including Heikin Ashi, which is not available on MT4), and over 5 graphical objects.

The IQ Option broker’s useful services:

  • “Market sentiment” indicator. Displays the ratio of sell/purchase orders at the current moment relative to the set timeframe;

  • economic calendar. Provides information on major future economic events that may affect quotes;

  • reporting calendar. Provides information on when quarterly/annual financial sta

Advantages:

1

convenient platform for simultaneous trading with binary options and CFDs;

2

the minimum transaction amount for Forex and binary options is $1.

 There is no information on the restrictions on the use of trading strategies on the IQ Option website.

How to Start Making Profits — Guide for Traders

The broker offers one type of account that allows you to make money in multiple markets at the same time.

IQ Option account features:

Account Type
Description
"Binary Options"
Classic "Up/down" options with a yield of up to 89-90% and digital options with a yield of up to 900%. The minimum bid is $1;
“Forex/New Forex”
Trading with currency pairs with a minimum investment of $1 and leverage up to 1:500. The classic set of orders is available;
“Stocks/Funds ETF”
Trading with shares of world-known companies and investment in ETF

Open a demo account if you want to understand the specifics of working with an account in detail. It takes less than 3 minutes.

Bonuses Paid by the Broker

The broker strives to attract customers primarily with the quality of services and functionality of the platform, so bonus programs are not provided.

Bonus from Traders Union.

The Traders Union rebate service offers every trader the opportunity to get an additional bonus based on a partial compensation of the spread/commission. Just register on the Traders Union website for free (it takes less than 15 minutes, including verification) and open a real account on the IQ Option website. For trading on the broker's account, a rebate will be credited to the balance of the personal account monthly.

Investment Education Online

Information

You will find the basic trading training course in the form of separate video tutorials on the IQ Option website. Also, the emphasis is placed on information support, fundamental news, and analytics.

Information available in the Analysis and Education section
Unavailable information at IQ Option site
Newsfeed
Technical analysis information
Information on the shares of individual companies that are selected
Terminology glossary
Historical quotes and calendars
 
Video training
 

There is a demo account for gaining experience, confidence, familiarity with this broker’s platform.

Security (Investors’ Protection)

Information

IQ Option does not publish licenses and regulations info on its website. There is also no information on data encryption, segregated accounts on the site.

👍 Advantages

  • No

👎 Disadvantages

  • The company does not publish licenses and regulations info on its website

Withdrawal Options and Fees

  • IQ Option does not set limits on the number of withdrawal requests.

  • There are several options for money replenishment or withdrawal: WebMoney, Neteller, Skrill, Perfect Money, AdvCash, Visa, Mastercard.

  • The transfer of funds is instant when withdrawing to Visa and Mastercard. The processing of an application takes from 1 to 3 days when withdrawing to other systems.

  • Withdrawal and replenishment currencies — EUR, USD, GBP.

  • Minimum withdrawal is 2 EUR/USD/GBR.

  • Withdrawal fee is 2% (1 withdrawal request per month is free).

Customers’ Support

Information

The IQ Option support team provides any support 24/7.

👍 Advantages

  • Support is available 24/7
  • Support is available in over 20 languages.

👎 Disadvantages

  • Slow to respond

There are several ways to contact customer support:

  • by phones and addresses indicated on the site;

  • via email;

  • via social networks;

  • via chat on the broker’s website;

Contacts

Registration address Hinds Building, Kingstown, St. Vincent and Grenadines
Contacts

Review of the Personal Cabinet of IQ Option

To reduce trading costs, start your acquaintance with IQ Option by registering on the Traders Union rebate service website (it is free and takes a few minutes). Then follow the affiliate link to the IQ Option broker website and:

1

On the IQ Option home page, click the "Register" button in the upper right corner or find the "Demo Account" button.

IQ Option - Demo Account
IQ Option - Demo Account
IQ Option - Demo Account
2

Fill out a short form with the following details: email, password, first and last name. This is enough to get access to your personal account and demo account (confirmation of the application by e-mail is not required).

The following is available in the IQ Option personal account:

3
1. General portfolio, which includes a catalog of available trading assets, information on open/closed positions. Toolkit for working with the platform is available directly from the Personal Account. Personal account - Portfolio
Personal account - Portfolio
2. Market analysis, including the Market Sentiment indicator. Personal account - Market analysis
Personal account - Market analysis
1.General portfolio, which includes a catalog of available trading assets, information on open/closed positions. Toolkit for working with the platform is available directly from the Personal Account. Personal account - Portfolio
Personal account - Portfolio
2. Market analysis, including the Market Sentiment indicator. Personal account - Market analysis
Personal account - Market analysis

There are also many other useful functions and features, like:

  • access to technical analysis tools;

  • graphs grid;

  • thematic chats and support;

  • trading history;

  • best IQ Option traders rating;

  • other sections: information on current tournaments, video reviews, help, alerts.

Tags:

iq option iqoption iq option uk iqoption uk iq option broker

The Oldest Reviews of the IqOption

The reviews by customers of the IqOption indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of IqOption published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

A complete scam!
Do not trade with Iqoption. They will do their best to make you lose.
They manipulate the prices, execute options with 30 seconds latency, especially when it comes to options with expiry in a minute. They make the betting on markets a hyper-betting. The final result is a loss. Even if you are in profit, in seconds they might reset the result and instead of winning, your option might be a loss!
Trust me, for 2 years with them I had experienced a lot.

I use IQ Option and nothing wrong about it, but you need lessons to trade with IQ Option. It also has Binary Option of which in an hour you can have 3 -10 signals and you can trade per minute or 2 minutes whilest have your strategies. Your moving average and macd for conformation on your trades, and the withdrawals are easy and quick same as getting verified.

I am a senior citizen and have worked hard all my life and save some money. It all started when I initially deposited EUR 10000. Not a very big amount. My manager explained to me that in order to get decent returns I will have to add more to the existing amount. I went for his words and added more amount. I won few trades and also lost some. Again manager told me to add more amounts which I did as I was winning few trades. I told him I wish to withdraw the entire amount that I have invested leaving only my profit in my account and applied for it. Within few days manager informed that because of the mistake of the analyst I have lost money. The manager started ignoring me and withdrawals are yet to come. Thanks to Hack Assets they helped me recovery most of my lost funds, you can contact : Bitcoinrecoveryteam{@}yandex,ru and share the testimony they shouldn't keep ripping people off

I do not recommend the IQ Option binary broker. It is absolutely impossible to make money with it. The broker himself draws quotes that differ significantly from the market ones. Also, the trading platform, as well as the mobile application, is absolutely not adapted to trading. It constantly freezes and gives errors. The support team is not competent. The resolution of the issue usually takes up to 3-4 days, and the issue itself is not always resolved positively. In general, the broker creates all the conditions so that the trader cannot earn money.

If you are looking for a reliable binary options broker, then IQ Option is clearly not for you. I traded with them for about a month. By that time, I had a clear and profitable strategy, which I began to apply. Everything went well. In the first month, I gained about 200%! I was going to add more money to the deposit and continue trading, but one day I simply could not log into my account. I contacted the support service, and I was informed that the account was canceled, as there are suspicions that it was not me who traded on it, but someone else. Draw your own conclusions.

For beginners, IQ Option may be fine. But this broker is clearly not for experienced traders. The professionalism of the company is not at a high level. Customer support takes a very long time to respond, and sometimes it takes several days to write to each other to get a specific answer. Also, the terminal very often gives errors when opening orders and, even worse, when closing. This broker is regulated informally, so you trust your money on parole. I didn't stay with them for a long time.

I do not recommend IQ Option to anyone! I don’t know how this broker manages to stay on the market for so long, with such an attitude towards clients. My main complaint is that the broker simply draws quotes. They especially like to do it at night or during news releases. Once, during a news release, the broker added 500 (!) points. So I lost almost all of my deposit. I wrote and called customer support, but it was not responsive. Bypass this broker as far as possible, making money with IQ Option is fraught with danger.

Author of this Review

IqOption broker’s review prepared by

John Davis

Traders Union Author and Analyst

John Davis is a Financial and Economic Analyst working with the Traders Union since 2016. During this time, he has written more than 100 analytical articles on technical and fundamental analysis, reviews of financial companies and has developed more than 10 proprietary trading systems. John's motto is to help everyone go from a novice to a professional trader.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.

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FAQs

Do reviews by traders influence the IqOption rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about IqOption you need to go to the broker's profile.

How to leave a review about IqOption on the Traders Union website?

To leave a review about IqOption, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about IqOption on a non-Traders Union client?

Anyone can leave feedback about IqOption on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with IqOption through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.