What are some reviews of IQ Option

IQ Option experiences & test 05 2021

We carried out an extensive IQ Option test. In the meantime, we were able to gain a lot of IQ Option experience and can almost exclusively develop positive feedback on the provider. In the IQ Option review, we have summarized everything that seemed important to us. We can deal with fraud IQ option otherwise definitely exclude.

What is IQ Option? - Is rip-off an issue at IQ Option?

IQ Option was founded in 2013. At that time, the company was not that popular in Germany. Gradually, however, the provider has ensured that more private dealers want to enter this market.

The portfolio of IQ option is offered not only in Germany, but in more than 29 countries. The customer base is up to more than 25 million customers. These are impressive numbers. So there are good reasons to take a closer look at this broker.

IQ Option pros and cons
  • Is regulated by the CySEC
  • Minimum deposit only 10 euros
  • Return is 91 percent
  • Free demo account
  • Loss protection
  • Customer service could be improved
  • Only a few training courses
  • Amount of deposit insurance not known

Prejudice: is IQ Option a scam?

In the test, a number of interesting things could be learned about the provider. These are certainly also interesting for all other traders. For example, the provider provides a selection of base values. Investors can trade cryptocurrencies, stocks, currencies, indices and commodities.

However, binary options cannot be traded. This is due to the legal requirements in private trade. Even without the binary options, the portfolio is appealing. This also applies to the trading platform. The broker has decided against the trend and is relying on an in-house development.

Only the checkout area could be improved a bit. Not all common payment methods can be found here.

Often the prejudice arises that IO Option is not a secure platform. You could get this impression at least in the forums, where many traders exchange ideas. Fortunately, my own experiences are different.

This broker has a license from the Cypriot CySEC. This ensures that the broker is monitored in its daily activities. If the broker does not adhere to the regulations, this will result in a high penalty.

This penalty can even go so far that the license can be withdrawn completely. Of course, IQ Option doesn't want to let it come to that. It is therefore important to work seriously, which is also confirmed by many traders.

The history also speaks for a high level of seriousness. The company has been active since 2013 and has had several million users since then. This is only possible because the operators of this company are doing an excellent job.

Traders should also get a good feeling because their client funds are kept safe. The funds are kept separate from the rest of the company's capital. So should an emergency situation arise, where would the customer's deposits not be affected by this situation.

Further protection is guaranteed by SSL encryption. Sensitive data such as customer data can be protected in this way. Overall, you have the impression that the broker is sticking to the legal rules of the game. There is ample evidence that fraud is not the order of the day.

IQ Option: So are the ratings

Most of the reviews focus on opening an account. After all, this is also the most important step when it comes to joining a new broker. If a new user finds registration pleasant and easy, he will associate using the platform with a good feeling.

Finally, it was found in the test that the registration only takes a few minutes. You can even do this process on the go or at work. The account is then activated immediately and can be used. Most users liked this very much, as you could see in the forums.

IO Option is a fairly young company. However, this broker has succeeded in asserting itself. Today this broker is one of the most popular providers on the market. This is particularly due to the high returns. But the free demo account also makes a good impression.

Here you have the opportunity to try out your own strategies or to get to grips with the platform before you start trading. For a short time now, IQ Option has also been able to trade cryptocurrencies, which makes trading more interesting in itself.

With more and more people interested in trading cryptocurrencies, IQ Option has also acted very smartly.

Download the IQ Option software

IQ Option has excellent software that is very easy to use. The software can either be downloaded or used directly in the browser. Both options have their advantages and disadvantages. It's best to just try both options before deciding which one to use.

CompaniesIQ Option Europe Ltd.
addressYiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102 Limassol, Cyprus
Registration number247/14
Regulation / licenseCySec
phone(+49) 30 255558698
e-mail[email protected]
Live chatNo

This is how easy it is to deposit and withdraw

The deposits and withdrawals are very pleasant with this broker. Since the minimum deposit is only 10 euros, you can quickly start trading here. This should be of particular interest to inexperienced traders.

You can use credit cards and e-wallets such as Skrill and Neteller. It is a pity that the broker still does without Sofortüberweisung, Giropay and PayPal. A plus point, on the other hand, is that you do not have to pay any fees when depositing into the trading account.

Before you can make a withdrawal for the first time, you need to do a verification. This is done by submitting a copy of the ID and a current electricity or mobile phone bill.

Customer service

At IQ Option you can use the FAQ area, the telephone hotline or the e-mail customer service. It is a shame that no live chat is offered. The possibilities to get in contact with the support are very good overall.

Login to the provider IQ Option after registration

You don't have to worry about logging in. The login area is protected by SSL encryption. To log in, you need the password created during registration and your email address. The best thing to do is to save this data in a text file so that it is always at hand. The login can then also be carried out more quickly.

Instructions: Delete IQ Option account

The deletion is quite straightforward. The termination can be made by fax or letter or a formal letter of termination can be sent by e-mail. In addition, there is also the option of canceling by phone using the callback function. However, this approach is not recommended because the termination cannot really be confirmed in this way.

The recommendation is to do this process best in writing by email. You do not have to adhere to any special formal requirements. But you won't do anything wrong if you give the account number of your IQ Option account. This means that assignments can be carried out more quickly, which means that termination is quicker.

Modern platform

Overall, the platform made a good impression. An in-house development is used, which is offered as a download version and web version. There are no costs for using this platform. At the same time it can be seen here that the offer is aimed at beginners.

The individual components of the platform are clearly marked. It is immediately apparent where the customer needs to go. Features such as chart analyzes, news and calendars are of course part of the broker's equipment. If you just want to take a look at the software at first, you can do so in the free demo account.

In demo trading, brokers get a little bit of virtual money. You can also use the training area to get started, where you can find useful video tutorials.

Crypto wallet at IQ Option

The fact that IQ Option has a kind of crypto wallet is an advantage. With the broker you finally have the opportunity to trade with cryptocurrencies. To do this, you can load the corresponding amount onto your trading account and then trade in the digital currencies.

Trade Bitcoin & Co

At IQ Option you also have the opportunity to trade with cryptocurrencies. You can benefit from the high volatility and pocket high profits, while not neglecting the possible risks. You should always keep an eye on the behavior of the cryptocurrency courses so that you buy or sell at the right time.

It is also advisable to refer to the news from IQ Option. So you can always stay up to date. The range of cryptocurrencies is excellent.

Mobile app

With IQ Option, customers benefit from a mobile app. Traders thus have the opportunity to trade financial derivatives on the go. It does not matter whether you are in the car, on the bus or on the train. Trading on the go is possible anytime, anywhere.

Improve performance at IQ Option with bots

It is obvious that human traders are prone to failure. For this reason, it is recommended to try out the IQ Robots platform. Here you can create your own robot for trading binary options. Trading bots are seen as an interesting alternative to traditional trading. At least one can increase the chances of winning with bots.

Deposits and withdrawals at IQ Option even with PayPal

Unfortunately, IQ Option currently does not offer the option of making deposits and withdrawals with PayPal. The broker already has a wide range of payment methods. E-wallets such as Skrill and Neteller enable a quick transfer. PayPal would of course be the “icing on the cake” here. On the other hand, the other e-wallets have already proven that they are serious alternatives to PayPal.

At least traders can save a lot of time when making deposits and withdrawals with Skrill and Neteller. This means that you can start trading directly, which would not be the case with classic bank transfers, for example. Here you have to be patient until the money is deposited in the trading account.