IQ OPTION Review - Does It Support MT4 and MT5? - WikiFX

IQ OPTION was registered in 2007 in Antigua and Barbuda, which is a broker focusing on forex, stocks, cryptos, commodities, ETFs, and indices markets. It provides a free demo account and a social trading platform for traders to communicate. However, this company is not regulated, and it does not reveal details about accounts.

Pros and Cons

Is IQ OPTION Legit?

No, IQ OPTION is not regulated by financial regulatory authorities in Antigua and Barbuda, which means the company lacks regulation from its registration site. Therefore, please be aware of the potential risks!

What Can I Trade on IQ OPTION?

IQ OPTION provides several types of products, including forex, CFD stocks, cryptocurrencies, commodities, ETFs, and indices.

IQ OPTION Fees

IQ OPTION charges an inactive fee of 10 EUR if the account remains inactive for 90 days. Besides, it also charges termination fees, which can be up to 5 EUR.

Trading Platform

IQ OPTION uses its own trading platform, and it does not support MT4 or MT5.

Social Trading

IQ OPTION provides a trading community platform, which enables traders to communicate and share their experiences.

Deposit and Withdrawal

IQ OPTION supports electronic payment systems, bank cards, and wire transfer options. Besides, traders can have a free withdrawal per month.

Trading Tournaments

IQ OPTION holds different types of trading tournaments, and the prize pool varies. Take the current tournament for example, the prize pool is $3,000.