IQ Option Europe Ltd. was founded in 2014, and, since then, it has grown quite rapidly. In 2014, there were just under 1 million users with this broker. By 2020, the brand had over 7 million registered users.
Pros and Cons
Pros
- Proprietary Platform Available
- CFDs on Crypto Trading Available
- Operates in EEA countries
Cons
- No MetaTrader 4
- Only One Type Of Account, with the exception of the demo account.
Recommended For
IQ Option Europe Ltd. is recommended for traders of moderate to advanced experience levels who want a broker with a proprietary platform. Though the video tutorials are a great educational tool, the rest of the educational resources on IQ Option are not extensive. So, you should have at least some basic knowledge of trading before signing up with this broker. Additionally, traders who want a broker that offers a wide range of cryptocurrency (CFDs) will like IQ Option, as that is one of its highlights. As long as you don’t mind not using MetaTrader, IQ Option is worth taking a look at if you fall into those aforementioned categories.
Regulated By
- Regulated by CySEC, Licence 247/14
Top Features
● Fast-Growing Brand. IQ Option Europe is one of the fastest-growing European online trading companies. Traders who want a company with some staying power in the industry will approve of this broker, as it has been around for nearly a decade. This is a broker with a footprint, to say the least.
● Video Tutorials. It’s always nice to see a broker that offers at least some educational tools. Though it doesn’t have as wide a range of resources as other brokers, IQ Option still provides its traders with video tutorials that cover topics like basic information, margin trading, fundamental analysis, CFD trading, and technical analysis. There are also videos about the company itself and its history.
● Stock Collections. Trading CFDs on Stocks has the potential to possibly be lucrative, and IQ Option bundles different collections of stock into one convenient setting. These collections include, IT & Internet Blue Chips, Big Game of Money, 10 Dividend Kings, 10 Largest U.S. Companies, Warren Buffett’s favorites, and more. There are also collections in industries such as energy, materials, industrials, consumer discretionary, and others.
● CFDs on Cryptocurrency Trading. Over the years, IQ Option has developed a reputation for being a great crypto broker with a wide range of coins. You can choose from many different digital assets, including majors and minors. These assets are an attractive option for traders who want a decentralized, if volatile, currency.
● Customer Support. IQ Option offers 24/7 customer support. This is more extensive, in terms of hours and multilingual capabilities, than we’ve seen at other brokers.
Overview
- Type of Broker Market-maker
- Regulation & Licensing Regulated by CySEC, Licence 247/14
- Clients Accepted from Worldwide, with certain regulatory restrictions.
- Assets Offered CFDs on Stocks, Forex, Crypto, Commodities, Indices and ETFs
- Mobile Compatibility iOS, Android
- Payment Types Accepted Wire Transfer, Bank Card, Electronic Payment Systems
Account Types
|
|
IQ Option Account |
|
Features |
Access To All Assets IQ Option Provides |
|
Account Currencies |
EUR/USD/GBP |
|
Available Leverage |
Varies Based On Asset (See Pricing Section) |
|
Minimum Deposit |
20 EUR or equivalent in another currency |
|
Commission Per Trade |
Varies Based On Asset |
|
Trading Instruments |
CFDs on Stocks, Forex, Crypto, Commodities, Indices and ETFs |
|
Min. Lot Size Per Trade |
.001 |
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Spreads |
0.6 pips EUR/USD (Varies By Asset) |
|
Demo Account |
Yes |
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Swap/Rollover Free |
Yes |
|
Copy Trading Support |
Yes |
Trading Platforms
- IQ Option Proprietary Platform
- IQ Option App (Google and Apple)
Trading and Investment Tools
- One Click Trading Yes
- Trade off Charts Yes
- Email Alerts Yes
- Mobile Alerts Yes
- Stop Order Yes
- Market Order Yes
- Trailing Stop Order Yes
- OCO Orders Yes
- Limit Order Yes
- 24hr Trading Yes
- Charting Package Yes
- Streaming News Feed Yes
Compliance & Regulation
IQ Option Europe is regulated by CySEC, Licence 247/14.
Fees & Commissions
- Rollover Fee 0.01-0.06%
Pricing
IQ Option Europe Ltd. charges 10 euros as a dormant account fee. This fee hits after ninety days of inactivity.
Service Details
- Supported Languages English, Spanish and Italian, and more.
- Customer Service By IQ Option (24/7)
- Customer Service Hours (24/7)
- Email Response Time Within 24 Hours
- Telephone Orders No
- Personal Account Manager Yes
Reliability & Security
According to the IQ Option blog, this broker takes secure storing of funds seriously. Regarding reliability, IQ Option has its own platform. This platform includes features like analysis and alerts, a Trading Community, and risk management add-ons. Those who want the MetaTrader suite should go elsewhere, as IQ Option has its own platform for traders.
User Experience
One of the standout features of IQ Option is its advanced platform. Available on desktop (Windows/MacOS), web, and mobile devices, this platform is designed to be fast, accurate, and easy to use. Traders can also download the app for free and use the refillable free practice account with $10,000 in virtual funds to try out different strategies.
In terms of support, IQ Options offers prompt multilingual assistance 24/7. The number of active users on the platform has been growing rapidly over the years.
Overall, IQ is a regulated broker with a fast, accurate, and easy-to-use platform. With a growing number of registered users and trades made per day, IQ Options is a broker to consider for traders looking to invest in CFDs on stocks, ETFs, commodities, indices, cryptocurrencies, and forex. As always with online trading, it’s important to understand the risks involved before investing any funds.
Final Thoughts
Overall, IQ Option is a solid broker. Its highlights include cryptocurrency offerings, a proprietary platform, and 24/7 multilingual customer service. This broker has longevity in the industry of around a decade. With so many registered users, IQ Option Europe must be doing something right.
Trading Platform Screenshots
Contact Info
Leoforos Spyrou Kyprianou Street & Evgeniou Voulgareos, 82nd road, Number 2, Limassol, Kato Polemidia, 4153, Cyprus
FAQs
Q: How much can you withdraw with IQ Option?
A: This broker allows you to withdraw up to $1 million in your earnings, though it’s unlikely traders will wait that long before deciding to withdraw.
Q: Are there withdrawal fees?
A: Though your bank or payment service might charge a fee, IQ Option processes your preferred method within a working day. There are no charges or withdrawal fees for this broker.
Q: How do I sign up?
A: Go to https://iqoption.com/. Click the right-hand orange “SIGN UP” button and fill out the required information to start an account with this broker.
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