IQ Option- Some Detailed Information about This Broker

IQ Option Information

IQ Option is an unregulated broker, offering trading on forex, stocks, cryptos, commodities, indices, and ETFs with leverage up to 1:3000 and spread from 0 pips on IQ Option trading platform. The minimum deposit requirement is $10.

Pros and Cons

Is IQ Option Legit?No direct contact channel

No. IQ Option currently has no valid regulations. Please be aware of the risk!

What Can I Trade on IQ Option?

IQ Option offers trading on forex, stocks, cryptos, commodities, indices, and ETFs.

Account Type

IQ Option offers demo accounts and Islamic Account. But it does not mention anything about live accounts.

Leverage

IQ Option offers flexible leverage options, varying by product. However, high leverage can amplify both profits and losses.

IQ Option Fees

If an account remains inactive for ninety (90) consecutive calendar days, IQ Option may charge an Inactivity Fee of€10. The annual fee will not exceed the total balance of the Client's account.

In cases where the remaining balance in the client's account is equal to or less than €5, the broker reserves the right to charge up to €5 (five euros or its equivalent amount in another currency on the day of the deduction of the fee) for closing the account due to lack of verification.

Trading Platform

Deposit and Withdrawal

Withdrawal Options

You have 1 free withdrawalper calendar month. The minimum withdrawal amount is $2.