IQ Option: reviews about the broker in 2021

Here we offer you information about the broker IQ Option* : reviews, licenses, security guarantees and we help you solve your doubts about whether it is a scam or it is legit. At the moment we can tell you that yes it is a reliable broker , which holds the licenses to legally operate in New Zealand.

The IQ Option platform was launched in 2013 and since then it has been gaining the trust of more and more users counting on 2020 with more than 7,048,000 registered accounts . Today its offer includes operations with CFDs, being able to see the best companies to invest in their shares, as well as Forex, cryptocurrencies and many more options.

We can safely say that IQ Option is not a scam and is among the online brokers available in New Zealand the ones you can trust, so you can remove all doubts regarding its transparency and legality .

It is no coincidence that this operator he has been awarded numerous prizes , among which are the award IAIR Awards the Best options broker and the best application to make investments.

Unlike others intermediaries in Forex trading and other products that use universal software such as Metatrader 4 or Metatrader 5, IQ Option has developed its own platform , very intuitive and easy to use.

We will explain their security guarantees to you , investment offer and everything you need to know about their platform. Below we leave you our opinions about IQ Option to guide you when investing your money.

Our experience with IQ Option

In our opinion, when you trade with IQ Option you realize that it is a well-designed and high-quality website . In fact the growth it is experiencing is simply spectacular. Having started in 2013, in just two years it had reached important figures such as 1 million daily operations, more than 3 million accounts and offered its services in 36 different countries.

Currently millions of users take the opportunity to invest with IQ Option in operations with shares of companies from various sectors such as energy, information technologies, utilities and many more. If you are interested in Forex, cryptocurrency trading and options you will also find a great diversity of products with performance and minimum investment tailored to you .

Registered in the CySEC with license 247/14 , is a broker that you can trust and with which you can trade quite a few assets, especially currency pairs.

Its minimum deposit of $10 is absolutely affordable, the customer service is available 24/7 (service provided in English) and you have the possibility to trade with an absolutely free demo account .

Providing video tutorials, this is a tool perfectly adapted for beginners where you can learn how to carry out risky operations. From the "For Traders" menu you can access these resources and familiarize yourself with all the investment possibilities offered by IQ Option.

Another feature that we liked is that the minimum amount to withdraw is only $10 , with which you will not see your funds trapped until you reach a high amount as it does happen in some other financial platforms, something that will ensure you a lot of flexibility in terms of managing your budget.

In case you still have any doubts about whether IQ Option is a scam, you can clear it by consulting the detailed information on the supervision of this operator by a long list of regulatory authorities , exposed within the “Regulation" menu.

Finally, on the web you will find all kinds of statistics with data on the performance of the different products, monthly market reviews and a blog with publications of interest and importance.

IQ Option Reviews: Scam or Legit?

In our opinion, this financial platform for trading with risky assets meets all safety requirements required by the dollarpea legislation related to investments and financial markets.

First of all, the broker is regulated in the CySEC with license number 247/14 since 2014. The company that manages the platform is Iqoption Dollarpe Ltd. and it is registered in Cyprus with the number 327751.

The fact that it is regulated by the Cypriot authority makes it possible for it to offer its services in the rest of Dollarpa. So we can affirm that we are not facing any kind of scam, scam or fraud and that, on the contrary, the broker's activities are legal in New Zealand and Dollarpa .

A look at the most relevant of IQ Option

With IQ Option you don't have to worry about your funds, because the company consigns them to special bank accounts and separately from the company funds. This is one of the fundamental requirements that reliable brokers must meet.

Also, IQ Option is a member of Investor Compensation Fund , which aims to compensate investors by paying their claims for insured funds in the event that brokers are unable to do so. All operators of investments in serious risky assets would shield themselves against the impossibility of paying their clients in a similar way.

IQ Option Offer

We have already told you something about the offer of this broker regulated by the Cyprus Securities and Exchange Commission , so, you already have more or less an idea of what you can expect in this regard. We will allow ourselves to share our opinion about IQ Option regarding this one taking into account what is offered in the sector where the company operates.

IQ Option's offer is good but not outstanding if we compare it with that of other safe brokers such as eToro . On their website you can invest in currencies, stocks, indices and commodities , but the diversity of them is not as wide as that of other virtual brokers. In any case, if the underlying assets in which you are an expert are indeed contemplated among the possibilities of this platform, this may be an advantage and save you distractions and temptations about assets that you do not really master.

In addition, users can enjoy a educational resources section and an absolutely free demo account.

As we have already commented, the underlying offer is not overwhelming, but this does not have to give rise to negative opinions about IQ Option and we can consider it solvent. In the currency section, you will be able to trade with more than 30 pairs , including, of course, the main combinations: dollar, dollar and pound sterling.

With regard to the actions, you will find the most important companies in different sectors like Daimler, Google or Amazon to say a few well-known. In the index category you will find the SSE, Nasdaq, Dow Jones, DAX and some more. And as for commodities, you will have the option to trade oil, gold and silver. Let's look at some of the most popular instruments below.

Contracts for Difference (CFDs)

Contracts for difference are a fairly popular way of investing given the ease of their apparent use. What many fail to understand in time is the high risk involved and the need to have deep knowledge about the underlying asset of the investment and the corresponding market dynamics.

By its nature, a CFD contract is an agreement between the investor (trader) and the broker on the basis of which both exchange the difference between the purchase and sale prices of an underlying asset. However, it should be noted that by trading a CFD we do not become the owner of that asset , but our profit or loss will depend on the fluctuation of your presio.

Since contracts for difference they are classified as high-risk operations , brokers are obliged to warn retail investors about the possibility of losing their money through a message on a visible part of their website indicating the percentage of retail trader accounts that lose money trading CFDs.

With IQ Option you will have multiple possibilities of investing in shares of companies from all sectors of economics, public services, artificial intellect and many more.

Cryptocurrencies

At first, the concept of cryptocurrencies may be somewhat incomprehensible to you, since it is a virtual currency that's out of the idea that you may have about traditional money. Both types of financial means are characterized by great differences from each other, both in terms of operation and regulation.

If you have come up with the idea of trading cryptocurrencies, it is essential to understand their bases and be clear that this can be a rather risky investment. First of all, cryptocurrencies do not exist in physical form, but are stored in digital wallets. To identify each unit of this virtual currency a unique cryptographic code is used which does not allow to duplicate it.

Operations with cryptocurrencies are recorded in a decentralized database, called blockchain , where the control of transactions is carried out. However, unlike traditional systems, virtual currencies are not regulated in no way and by no supervisory authority.

When it comes to buying and selling cryptocurrencies, you should know that once the operation is done, it is impossible to cancel it , since the registration blockchain it does not allow deleting data and in case you need to do the opposite transaction, you always have to do it as a separate operation.

On the IQ Option broker website you will be able to buy and sell more than 10 types of cryptocurrencies, among which are bitcoin, ethereum, litecoin and bitcoin cash . In case you want to compare the offers of other portals, we recommend you take a look at our cryptocurrency trading brokers Recommendvegas Palms.

Foreign exchange investments: Forex

By Forex is meant currency markets. Operations are performed by currency pairs speculating on the fluctuation of prices and receiving profits or suffering losses based on the difference in purchase and sale prices.

Forex investments may seem to you like the purchase of cryptocurrencies and in fact both have characteristics in common in terms of the mechanism of generating income for investors, however, unlike virtual currencies, in the Forex market trading with real currencies subject to strict regulation national and international.

Free demo account

The free demo account offered by this broker is another plus point that we have considered when expressing our opinions about IQ Option positive. Just register you will have a fictitious amount of money , with which you can learn to manage yourself within the platform and explore the different products.

This is a good, and above all free, way to check if you like trading with risky assets, as well as, to understanding the mechanics of investments and get acquainted with all the products. It is an option offered by almost all brokers, among which there is also Libertex .

The only disadvantage is that you will not be able to collect the benefits that you manage to accumulate , but once you are sure that you are comfortable with the IQ Option platform, you will have numerous options to deposit real money, which we detail in the next section and make trades with the instruments you prefer.

Payment methods

Depositing money at IQ Option is quick and easy. You can do this by bank transfer, Visa or MasterCard credit card, Skrill or Neteller. The minimum deposit amount is $10 , in addition, you should not worry about IQ Option commissions because the platform does not charge any. There is also a maximum daily amount, but if you are not a professional it will not be a problem since it amounts to up to a million dollars.

Regarding the withdrawal, the conditions are that the broker will deposit the money into the same account from which the deposit was made in the trading account. If this is not possible, the broker can choose the way, according to what the client wants. If the deposit was made by bank card, withdrawals will be made to the card in an amount that does not exceed the deposits made to the trading account in the last 90 days.

For everything you need to clarify about deposits and withdrawals, on the IQ Option website you will have a quite useful FAQ section and in case you can't find the solution to your doubts, you can always contact customer service.

Like the rest of the legal and scam-free platforms like AvaTrade , to withdraw the money you must comply with the anti-money laundering requirements that are none other than sending sufficient proof of your identity to the managers. The normal thing is that they ask you a copy of an identification document and a recent invoice to verify your mailing address.

As we have mentioned at one time, deposits to your IQ Option account are free, regardless of the payment method you use, but this is not the case with withdrawals. If you want to request a withdrawal by bank transfer, the broker will charge you a commission of $31 . On the other hand, withdrawals with Visa and Mastercard cards and e-wallets are commission-free, in addition to having one lower minimum limits.

From what we have seen in the reviews about IQ Option, of all these payment options, PayPal is the most popular , its biggest advantages consist in the high level of confidentiality, since the client does not provide the broker with any bank details, the speed of transactions and the guaranteed security.

Regulations at IQ Option

We are of the opinion that when choosing a broker to trade risky assets security measures are just as important as the offer of the financial platform. It's no use opting for a great offer and a sublime aesthetic if it's finally a fraud that won't refund your money. Fortunately, IQ Option is not a scam, as it is a fraud-free investment option. Here we explain why we are sure of it:

It is important do not confuse the security of the broker with the security of operations that can be carried out through their services. By saying that we are facing a safe investment option, we mean that our money will be conveniently saved and we can always withdraw it.

In fact, customer funds are held in alternative accounts it is also a member of the Investor Compensation Fund Investor Compensation Fund (ICF, Cyprus) that covers up to $ 20,000 and the CRFIN Compensation Fund. But the risks of the operation depend on each user.

As you can see by accessing their website, IQ Option broker fulfills the duty to inform its users of the risks which involves investing in the offered products and warning them of the possibility of losing their money. The warning message that you will see on the IQ Option website, BDSwiss and other trusted intermediaries always comes in a visible part of the page.

Customer service

The customer service of this broker still has a lot to improve. It is true that the answers are complete and informative , but it is advisable to speak in English. If you don't speak English, the hours of service are quite limited.

According to the website, the hours of operation in New Zealand are from 6:00-12:30 (GMT), which means from 4 to 10:30 New Zealand time , which for New Zealand users is practically as if there is no customer service. Other contact options are the web form in the contact section and the email address [email protected] .

However if you speak English, the customer service is available every day 24 hours, has a few very reasonable wait times and it works quite well . You also have the option to chat live with an agent.

If you are not fluent in English and need help, there are still more options to find a solution consulting the frequently asked questions section , which you will see divided by categories and topics within the “Help" submenu of the “For Traders" main menu.

Functionality of the website

It's no use having a great offer of products if you finally waste a lot of time trying to orient yourself on the broker's platform, that's why, functionality is one of the fundamental aspects that we have researched, testing the software and consulting various opinions about IQ Option.

In this section IQ Option deserves an A+ . Not only because the website has a spectacular design, but also because this is for the benefit of its functionality and operability.

The screens are customizable , so you can choose between seeing a single graphic on the screen or two, three; in short, the ones you want. You can enlarge or decrease the graphics so that you focus your attention on one underlying, but you can monitor others, minimize them, and choose from several layout templates to choose the one that best suits your tastes.

On each chart you can buy a call, put and change the expiration time. We have to say that we really trading on this platform is a good experience , because it can be done quickly and enjoying a good aesthetic.

IQ Option mobile app

Thanks to the technological advancement that is going at a dizzying pace, we can do anything using our mobile devices, and investing with IQ Option is no exception at all. Its platform is completely adapted for phones and tablets with the most popular operating systems.

IQ Option has its own download section with several options for both computers and mobile devices. For computers the application has a Mac version with the operating system OS X and Windows 7, 8, 8.1 and 10. It is recommended to have 4 gb of memory although with 2 it can already work and just over 17 megabytes of New Zealand applications for mobile devices are also of high quality and maintain the necessary functionalities to trade options without any problems. The app is free to download both on Apple devices via iTunes and for Android via Google Play. How could it be otherwise, both have regular updates, to maintain security and usability at the highest level at all times.

Finding

At the end of this detailed review of the broker's platform and after examining a good number of opinions about IQ Option, it is not difficult for us to draw our conclusion on the most important aspects when evaluating an intermediary for operations with financial assets.

This broker is reliable. Operating with it you can be sure that you will not fall for scam or scam. IQ Option guarantees that your money will be conveniently saved, in addition, we like the fact that it is part of the Compensation Fund and the CRFIN Compensation Fund.

The supply of assets is good although not great , but this fact is compensated by a website that has a very good design that facilitates both analysis and operations. The educational offer is not too wide, but it is very interesting to be able to practice with a demo account, it will offer you enough possibilities to gain experience with financial options.

Another of the advantages of IQ Option are the downloadable mobile apps , compatible with devices operating with Andorid and iOS and their availability in the Goodle Play and App Store stores, respectively.

In short, we are facing a broker in full growth and although it has aspects that can be improved, in the last two years there have been notable changes for the better and nothing seems to indicate that the trend is going to change. On the contrary, the accelerated increase in the number of registered accounts in recent years is clear proof that IQ Option broker is gaining the trust of more and more investors .

FAQ: frequently asked questions

Don't leave any doubt you have unanswered especially if you suspect a scam. Based on our analysis and the opinions about IQ Option, we have seen that you don't have to worry, even so, you may still feel uncertainty and need more clarification about the operations on their website. We will try to help you with this last section of our review.

What is IQ Option?

IQ Option is an online investment broker in risky assets. As such, plays the role of an intermediary in trading with such assets, through an online platform with specialized software. The IQ Option offer it includes stocks, currencies, cryptocurrencies, among others.

💲 What are the IQ Option fees and commissions?

IQ Option will not charge you commissions for deposit money into your account , however, in case of withdrawal by bank transfer, there is a fee of 31$ . In addition, the broker keeps a percentage of the margin of the asset price, as well as charges 2.9% of the transaction for opening a long position when investing in cryptocurrencies, etc.

⚙️ How does IQ Option work?

Unlike other brokers, IQ Option uses its own software , specially developed to facilitate the use of its website. The platform stands out for high functionality and adaptation for mobile devices, with downloadable applications for iOS and Android.

🧐 How to invest in IQ Option?

To learn how to trade IQ Option, we recommend you watch the video tutorials, available in the educational section from their website. Once you know how the thing works, you'll be able to open a free demo account and put your new knowledge into practice. Finally, to earn money with your investments you must open an account and deposit funds for your operations.

🛡️ Is IQ Option safe?

We assure you that IQ Option is not a scam, but a safe broker in all aspects: from the supervision by regulatory authorities , if applicable by the Cyprus Securities and Exchange Commission (CySEC), up to the security of your funds, which the operating company consigns in special accounts and separately from its own capital.

Is it possible to invest in cryptocurrencies with IQ Option?

Effectively. On the IQ Option platform you can invest in various cryptocurrencies trading short and long positions. His repertoire includes Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin and other of the most popular virtual currencies. As for all other assets offered by the broker, you will have videos to learn how to trade cryptocurrencies.