IQ Option

General Information & Regulation

IQ Option is a Forex and CFD broker founded in 2013 and is a subsidiary of IQ Option Europe Ltd, which is regulated by the Cyprus Securities and Exchange Commission (Regulation No. 247/14). IQ Option regularly holds trading contests with prizes ranging from $100 to $100,00 on a regular basis.

Markets Instruments

IQ Option offers traders access to over 50 pairs of Forex currency pairs, digital and binary futures, stock CFDs, cryptocurrencies, exchange-traded funds, commodities, and other trading assets.

Minimum Deposit

IQ Option offers investors two different types of accounts: Standard Accounts and VIP Accounts. Standard Accounts have a minimum deposit of $10 and can trade over 350 assets with weekly trading contests. VIP Accounts have a minimum deposit of $1,900.

IQ Option Leverage

Trading leverage related information is not fully disclosed on the IQ Option platform.

IQ Option Spreads & Fees

IQ Option platform comes with variable spreads, with a 2.9% commission for cryptocurrency trading and other instruments charging spreads as a transaction cost. Overnight interest fluctuates between 0.1% and 0.5%. For accounts that are inactive for 90 consecutive days, IQ Option will charge a fee of €10/month.

Trading Platform

Traders cannot use the MT4/MT5 trading platform on IQ Option. IQ Option supports mobile trading software (iOS & Android), as well as desktop trading platforms (macOS, Windows), which are easy to use and can be traded anywhere, anytime.

Deposit & Withdrawal

The IQ Option trading platform has a minimum deposit of $10. Traders can deposit funds to their IQ Option accounts via credit card, debit card, Maestro, Skrill, WebMoney, CASHU, NETELLER, MoneyBookers. Withdrawals are processed in the same way as deposits and take 1 day to process. Withdrawals are free of charge. Those who withdraw via wire transfer are subject to a fee of $31.