IQ Option review – pros and cons 2023.

Reviews, IQ Option

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IQ Option review. IQoption is one of the most popular brokers.

IQ Option is a well-known online broker offering a wide range of financial instruments, including stocks, forex, cryptocurrencies, commodities, and more. Established in 2013, the platform has quickly gained popularity among traders due to its user-friendly interface, advanced trading tools, and competitive fees. In this comprehensive review, we will take a deep dive into the various aspects of IQ Option to help you make an informed decision about choosing this broker for your trading needs.

IQoption Video Review:

IQoption Review

IQ Option Benefits

  • One of the best video tutorials in the industry
  • A simple and reliable funds withdrawal system
  • Availability to trade on any device (desktop, iOS, Android)
  • A wide range of analysis tools
  • Unlimited $10000 practice account
  • Cross-Platform App – Trade with a mobile app, desktop app or web version
  • Learning – Watch trading video guides.
IQ Option - Deposit - Trade - Withdrawal

Comparison Table – IQ Option Broker:

Technical IndicatorsMultiple analysis tools
Minimum deposit:$10
Support Languages:English, Swedish, Korean, French, Italian, Arabic, Indonesian, Russian, Turkish, German, Spanish, Portuguese, Chinese
Minimum trade:$1
Cryptocurrency CDFs:Yes
Deposit/withdrawal methods:Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, CashU, iDeal, Fasapay
Assets:currency pairs, stocks, indices, commodities, cryptocurrency cdfs
Prohibited Countries:Afghanistan, Albania, Australia, Belarus, Belgium, Canada, the Czech Republic, Indonesia, Iran, Israel, Japan, Latvia, North Korea, Palestine, Portugal, Russia, Spain, Switzerland, Syria, the UK, and the USA.

Transactions from the Android application are unavailable in Bermuda, British Virgin Islands, Cayman Islands, Cuba, Cyprus, Georgia, Liechtenstein, Malta, Myanmar, Solomon Islands, and the Turks and Caicos Islands.
Demo account:Yes, free of charge
EducationA lot of multi-language tutorials
Mobile application:Android, iOS
Trading Platform:web-browser, standalone app
Withdrawal:1 working day

IQ Option free demo account

Vimeo: One of the best trading app?

IQ Option can even set you up with a free demo account that has $10,000 of virtual currency, allowing new investors to try out the platform risk-free and with no deposit. This is done because IQ Option wants you to succeed from the start, and the best way to do this is to give you risk-free confidence before ever investing a single dollar.


Forex. How to start?

Vimeo: How to trade Forex on IQ Option?

IQ Option Affiliate Program – review/overview

IQ Option’s unique platform gives you one of the highest profits. You can focus on your traffic, and they will do the rest.

You can earn up to 50% revenue share for life.

  • Universal links – We do the work of detecting your users’ location, language, and device, and send them to the most suitable landing page
  • Clear analytics – Analyze your results in real-time using convenient reports and data filters
  • Multi-language brand – IQ Option represents millions of customers from 175 countries who speak 13 languages, and they always come back to our platform for more
  • Cross-platform support – Our product is available in a web version and a mobile app. You can drive traffic from all channels equally effectively
  • Payments? – We automatically transfer your earnings to your preferred online payment account twice a month
  • No balance deductions – You can’t have a negative balance in our program. Your revenue is made up entirely of profits
IQ Option affiliate dashboard
IQ Option Partner area – Dashboard and statistics

Dashboard – Real-time statistics. An analytics dashboard that is every affiliate’s best friend:

  • Extended geo-analysis
  • Drill down on traffic sources, countries, and sign-ups

Use any payment method that is convenient for you, and store your information for future payments:

  • Store information for multiple payment accounts at once
  • Request payment to one of your accounts, and get regular payments to a different one – with us, it’s easy!

IQ Option professional managers can help you start making a profit:

  • Fast solutions to any problem
  • IQ Option managers speak your language

IQ Option tracking technology can transmit statistics to you or directly to the ad network you are using

  • Real-time tracking of any event
  • You can create an unlimited number of postback


The most profitable offer in any affiliate program is a share of the broker’s profit. IQ Option gives affiliates up to 50% of the revenue from a trader’s activity over the customer’s entire lifetime on the platform.

Account Opening

Opening an account with IQ Option is a simple and straightforward process. You can sign up using your email address or social media accounts, like Facebook or Google. The platform requires you to complete a short registration form and provide some basic information about yourself, such as your name, email, and phone number. Following that, you will be asked to verify your identity by providing a valid ID and proof of address. The account opening process is usually completed within a few hours.

Broker Fees

IQ Option offers competitive fees compared to other brokers in the industry. The platform primarily uses a spread-based pricing model, which means you pay the difference between the bid and ask prices when trading. Spreads vary depending on the instrument and market conditions. IQ Option also charges overnight fees for holding positions open beyond the trading day. However, the platform does not charge any account maintenance or inactivity fees.

Deposit and Withdrawal

IQ Option supports various deposit and withdrawal methods, including credit/debit cards, bank transfers, and popular e-wallets like Skrill and Neteller. The platform does not charge any deposit fees, but withdrawal fees may apply depending on the method used. The minimum deposit amount is $10, and the minimum withdrawal amount is $2. Withdrawal requests are typically processed within one business day.

Web Trading Platform

The IQ Option web trading platform is known for its intuitive design and ease of use. The platform features customizable charts, a wide range of technical indicators, and multiple timeframes to suit your trading style. You can also create watchlists, set price alerts, and access news updates directly from the platform. The web-based platform is compatible with all major browsers and does not require any software installation.

Mobile Trading Platform

IQ Option offers a comprehensive mobile trading platform, available for both iOS and Android devices. The app mirrors the functionality of the web platform, allowing you to trade on the go and manage your positions with ease. The mobile app also features push notifications for price alerts, news updates, and other important events.

To download the IQ Option trading platform on your device, follow these steps:

For Android:

  1. Visit the Google Play Store on your Android device.
  2. Search for “IQ Option – Online Investing Platform.”
  3. Click on the app and then tap “Install” to download and install it on your device.

For iOS:

  1. Visit the App Store on your iOS device (iPhone or iPad).
  2. Search for “IQ Option – FX Broker.”
  3. Click on the app and then tap “Get” to download and install it on your device.

Remember that, regardless of the device you’re using, you’ll need an active IQ Option account to access and use the trading platform.

Desktop Trading Platform

While IQ Option does not offer a dedicated desktop trading platform, the web-based platform is accessible on desktop computers through any modern web browser. The web platform’s responsive design ensures a seamless trading experience across various devices, including desktops, laptops, tablets, and smartphones.

Markets and Products

IQ Option provides access to a wide range of markets and products, including:

  1. Stocks: Trade CFDs on popular stocks from major exchanges like NYSE, NASDAQ, and more.
  2. Forex: Access the global currency market and trade currency pairs.
  3. Cryptocurrencies: Trade CFDs on popular digital assets like Bitcoin, Ethereum, and Litecoin.
  4. Commodities: Speculate on the price movements of popular commodities, such as oil and gold.
  5. Indices: Gain exposure to global stock markets through indices like the S&P 500 and FTSE 100.
  6. ETFs: Invest in a diversified portfolio of assets through exchange-traded funds.

Research Tools

IQ Option offers a variety of research tools to help traders make informed decisions. The platform provides access to advanced charting tools, technical indicators, and analytical widgets, such as moving averages, Bollinger Bands, and Fibonacci retracements. The platform also offers an integrated economic calendar, news updates, and market analysis to keep you informed about the latest events and trends affecting the financial markets.

Customer Support

IQ Option’s customer support is available 24/7 through live chat, email, and phone. The support team is known for its quick response times and helpful assistance in addressing user queries and concerns. Additionally, the platform offers a comprehensive FAQ section to help traders find answers to common questions.


IQ Option provides a wealth of educational resources for traders of all skill levels. The platform offers video tutorials, webinars, e-books, and blog articles covering various trading topics, including strategies, risk management, and market analysis. These educational materials are designed to help traders enhance their knowledge and skills in the world of trading.

IQ Option Pros and Cons


  1. User-friendly and intuitive trading platform
  2. Wide range of financial instruments and markets
  3. Competitive fees and spreads
  4. Comprehensive educational resources
  5. Free demo account
  6. Responsive customer support


  1. No dedicated desktop trading platform
  2. Not available to residents of certain countries
  3. Limited fundamental research tools

IQ Option Trading Tips

One thing is sure: You won’t become a better trader overnight, especially in the Forex market which requires a lot of knowledge, experience and patience to learn.

What are the general pieces of advice for trading? What to do to be a better trader?

  • Keep learning about trading.
  • Carefully study your chosen market. You can’t learn everything and know everything. Better learn one market and master it.
  • Seek out as much information and data as you can.

Here are some the most popular tips shared by IQ Option team:

  1. Practice makes perfect. Use our free demo account to familiarise yourself with IQ Option trading platform and to get to grips with the trading process. This is a great way to hone your skills without risking any financial losses. When you feel confident enough, then you can start trading for real.
  2. When trading, ensure you are in the right frame of mind. It is important to fully concentrate on the task at hand, and you should avoid trading when you are feeling stressed or angry as this can have a negative influence on the decisions you make.
  3. Do not over-invest; only trade within your means. However much experience a trader may have, nobody makes successful trades every time. There is more information on this and other types of risk management on our Risk Assessment page.
  4. There are a lot of different assets available to trade, and it would be impossible for anybody to master all of them.
  5. Trading is a long term activity, not a get rich quick scheme, so have a long term plan in place and stick to it; try not to get distracted by your short term results. New traders can often fall into the trap of getting over-excited following their first win, but it is important not to lose sight of your long goals.
  6. Historical quotes are also an invaluable resource when trading, as they can help you to identify any emerging trends or patterns in the market.
  7. Traders often use forums are a way to share tips and information about certain markets and assets. There is plenty of great information out there, but it is up to you to make the most of it. Study the market and stay abreast of the news and current affairs, as this can help you gain a better understanding of the root causes of markets crashing, not to mention helping you recognize the warning signs leading up to it.
  8. Choose your asset wisely, and concentrate on learning as much about it as you possibly can. Generally, the more common the asset you trading, the more data and analysis there will be about it available online.

Whether you are spending £10 or £1000, these tips will still be beneficial to you. Some you may know, and others may be common sense, but you cannot learn too much!

IQ Option frequent questions:

What is the minimum deposit amount?

The minimum deposit amount is $10.

In which currency I can open a trading account?

You can open a trading account in US Dollars or any other currency available in your geo.

What is the minimum amount that I can invest?

The minimum amount to invest in a single option is 1 USD.

What is the return that I will receive if the option loses?

If it is specified in the option, you will receive the insurance.

What is an asset?

An asset is a commodity index, security, currency pair or any asset, based on the price that is offered in the option.

Is IQ Option a Scam?

IQ Option is not a scam. It is a legitimate online trading platform that has been operating since 2013. IQ Option has gained a solid reputation in the industry for its user-friendly platform, diverse range of trading instruments, and responsive customer support. However, as with any trading platform, it is essential for traders to conduct their research and assess the platform’s suitability for their specific trading needs and risk tolerance.

Are there any commissions upon making transactions with my trading account?

Our company does not take any commissions on your transactions. But such commissions can be taken by the payment systems or payment aggregators.

What types of options are?

An option could be based on any traded assets, freely traded on the world and national exchanges and markets. There are stock options (such as Gazprom or Coca-Cola), currency pairs (for example, GBP/USD or EUR/RUB), indexes (such as the FTSE or Dow Jones) and commodities or metals (oil and silver).

What is a strike price?

The strike price is the price of the asset at the time of the purchase of the option.

What is the expiration time?

The expiration time is the date and time at which the option expires.

What is the value of the option?

The value of the option is the price at which a trader acquires an option.

How much profit can you get?

If the option is closed «in-the-money» (the strike price is higher or lower prices expiration, depending on the type of the option) you get a guaranteed profit, specified in the option.

What is the call option?

A call option is an option which will give income in case the expiration price is above the strike price.

What is Put-Option?

Put is an option that brings income to a trader when the expiration of the asset price is below the strike price at expiry. If the term of the option will expire at the strike price, the trader receives the total price of the option.

Do I need any documents to withdraw funds?

A company representative can ask you to send scanned documents, depending on the withdrawal type. All the information will be sent to your e-mail.

What is the minimum withdrawal amount?

The minimum withdrawal amount is 10 USD.

What is the expiration price?

Expiration price is the price of the asset at the expiry of the time specified in the option.

What happens if the price of the expiration of the underlying asset will be the same as the level of the acquisition of an option?

If the price is identical to the expiration strike price, the value of the option returns to the trader.

Why there are quotes on your platform during the weekend when the markets are closed?

On weekends, we provide our traders with the opportunity to trade on OTC (over the counter) instruments.
OTC or «over the counter» deal means a transaction made directly between two parties without going public. That is why the quotes are unique to our platform.

How much time does it take to withdraw funds?

Usually 3 working day after successful KYC verification.

IQ Option comments:

Do you have an account on IQ Option? Can you share your experience with that trading platform? Is it positive or negative? Would you recommend IQoption to your friend?

Your comments may help the others. You can post a comment about IQoption.

Alternative to IQ Option Brokers

If IQ Option does not meet your specific trading needs or is unavailable in your country, consider these alternative brokers:

  1. eToro: A popular social trading platform that allows users to follow and copy the trades of successful investors.
  2. Plus500: A well-established broker offering a wide range of trading instruments, including stocks, forex, commodities, and cryptocurrencies, with a user-friendly platform and competitive fees.
  3. XM: A global broker known for its extensive educational resources, multiple trading platforms, and attractive bonus offers for new clients.
  4. A reputable forex and CFD broker offering a wide range of currency pairs, indices, and commodities, with advanced trading tools and research resources.
  5. TD Ameritrade: A leading U.S.-based broker offering a comprehensive range of trading and investment products, including stocks, ETFs, mutual funds, options, and more, along with advanced trading platforms and research tools.

IQ Option Contact Details

Official Website:

Contact IQ Option support: [email protected]

Depositing issues: [email protected]

Try IQ Option broker and see yourself why millions of traders use it

IQ Option - download on the App Store & Get it on Google Play

24/7 Support

$1 Minimum Deal

$10 Minimum Deposit

Free Demo Account

deposit methods
Multi-chart platform IQ Option broker Tablet Mobile PC


IQ Option - download on the App Store & Get it on Google Play

Learn how to trade!


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