First of all, I need to tell you I really like IQ Option and I trade a lot at their platform but lately, there was some issue with withdrawals that made me want to write about it.
Is IQ Option an untrustworthy and scammy broker? I try to answer this question as honestly as possible so let’s jump into it, but first some boring information about the company.
IQ Option is an online trading platform that allows you to trade a wide range of financial assets including stocks, forex pairs, binary options, cryptocurrencies, commodities, and ETFs.
But is IQ Option a reliable broker and can they be trusted? In this IQ Option review, I’ll tell you everything you need to know about this company.
IQ Option was founded in 2013 and managed and owned by IQ Options Europe Ltd, IQ Option is a financial services provider that is based in Cyprus.
|Free Demo Account||Yes ($10,000 in Virtual Funds)|
|Asset Coverage||Binary Options, Forex, Cryptocurrency, Commodities, Stocks|
|Trading Platforms||Custom Platform|
IQ Option Trading Platform
IQ Option has a custom-built platform to cater to the needs of its users. The platform is very easy to use and is well-designed. It has many useful features including multi-chart layouts, technical analysis, historical quotes, volatility alerts, market updates, stock screeners, economic calendars, and more.
In the image below, you can see that the chart is in the middle. The Buy and Sell boxes are on the right-side. Your account balance and the asset you’re trading is located at the top of the screen.
On the left side of the platform, you’ll see a drop-down box that allows you to choose which financial asset you want to trade. Your available assets to choose from including Cryptocurrencies, ETFs, Stocks, FX Options, Forex, Indices, and Commodities. You can browse assets by category or use their search function to find a specific asset.
IQ Option offers over 15 different technical indicators to help you identify trends and to spot profitable trades. The 15 technical indicators that are available to you include MA, Volume (exchange), Bollinger Bands, Alligator, RSI, MACD, Parabolic SAR, Stochastic Oscillator, Awesome Oscillator, ATR, ADS, Fractal, CCI, Ichimoku Cloud, KDJ, DPO, and Belkhayate Timing.
In order to help you get the most benefit from trading with IQ Option, the broker offers a variety of charting tools that can help you formulate a successful trading strategy. The 5 charting tools available on IQ Option include Area, Line, Candles, Hollow Candles, and Bars.
IQ Option offers clients the ability to trade options and CFDs using their proprietary mobile application. The mobile app works on Android and Apple iOS operating systems. But lately, Their mobile app got banned from Apple’s App Store because of the overwhelming amount of scam report
Unfortunately, IQ Option is not able to accept traders from the United States, Russia, Canada, Australia, France, Japan, Belgium, Turkey, Israel, Iran, Syria, and Sudan. The countries listed above have stricter restrictions and regulations, making it difficult for IQ Option to provide trading opportunities to its citizens.
Is IQ Option A Scam?
This is probably one of the most important questions for any trader that starts on a platform. In the case of IQ Option, they are regulated but regulated and licensed by CySEC. CySEC is a regulator based in Cyprus and therefore, this regulation isn’t really trustworthy and for that matter, there is no difference between IQ Option and other unregulated binary options companies.
IQ Options offers insane leverage ratios of 1:300. The only reason a firm allows you to borrow 300 times your money is that they want you to lose your money as fast as possible!
Most online reviews from customers of iqoption are negative. we found an overwhelming number of negative comments about the company. There have been countless incidents of traders not being able to withdraw their profits or even their initial investment (me included).
You may ask yourself why I am the only person on the internet saying this. That’s because most of the positive reviews about IQ Option on the internet are FAKE and written by affiliates, like this one “blockonomi.com/iqoption-review”
You should read traders reviews about IQ Options here: https://www.trustpilot.com/review/iqoption.com
IQ Option is a broker that I can’t recommend to my clients because they are shady, sketchy and untrustworthy.
Companies like IQ Option just shed a bad light on the real options trading. Options are real and legitimate investment vehicles. If you want to learn how to trade real options, you should definitely subscribe to my free options trading course.