IQ Option Scam Review
SummaryAfter a detailed research we cannot confirm that this broker is safe. We recommend you to Proceed to Safety with Trusted & Approved Binary Options Broker. Alternatively you can Skip the content and See the Conclusion.
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IQ Option Review
IQ Option promises secure trading – but is this broker legit or is IQ Option a Scam? We tested the IQ Option’s trading platform, deposit and withdrawal procedures, customer support and explored traders’ feedback. As a result we made a detailed review of the broker’s services. For more details you can read the full IQ Option review below.
Is IQ Option a Scam?
IQ Option was founded in 2013 and operated by Alta Vista Trading Limited located in Seychelles. IQOption established binary options that mainly specializes in offering services to the European and Russian clients. However, we still cannot confirm the status of this broker. This is why we advise our traders to proceed with caution if they decide to open an account with IQ Option. Read carefully the Terms and Conditions Section to find more information about the requirements for trading at this platform.
The IQ Option trading platform is with easy to navigate interface that enables traders to invest in a wide range of assets, including stocks, commodities, currencies and indices. The live streaming price quotes allow traders to get market data and adjust their strategies. The interactive web-based education system provided by the broker gives traders some basic knowledge about binary options trading.
With the mobile version of IQ Option it is not optimal to trade as you are not aware about your transaction status but there are features like real time trading and this makes the app good, but definitely not the best.
Account Types and Bonuses
The broker IQ Option has designed different types of investment accounts in order to meet the needs of traders with various levels. Furthermore every type of account offers bonuses but investors should be aware of the withdrawal requirements.
The Free Demo Account gives you access to the broker’s trading platform and provides virtual funds to trade with. It is recommended to try it out in order to get familiar with the platform’s tools and features. But still you need to be cautious and is convenient for those with trading experience.
The Real Account can be opened with $10 initial deposit and offers traders up to 45% return of funds in case of wrong predictions, up to 80% cash bonus.
The VIP Account is designed for professional traders and goes with up to 60% return on wrong predictions, up to 100% cash bonus for each deposit.
How to Get Started?
- FREE Sign Up – In order to trade with IQ Option investors have to go through a registration where they need to provide their contact details and personal information.
- Trade & Profit – Thereafter traders can start trading and the minimum investment in a single trade is $1.
- Withdraw – The final step is to collect the profits you have made.
Deposit and Withdrawal Procedures
The IQ Option deposit and withdrawal procedures are not very simple. The minimum required deposit is $10 and the accounts can be funded via payment methods including credit and debit cards and wire transfers. Withdrawals are usually processed within 3-5 working days. The minimum withdrawal amount is $10. However, as your banking institution may charge fees it is advisable to contact them and check what taxes may apply.
IQ Option has Customer Support that can be contacted via phone, e-mail and web form. The website is available in a range of languages including English, Russian, Spanish, Chinese and others.