IQ Option experiences
The history of IQ Option begins in 2013. At that time, trading in financial derivatives was not very popular in Kenya, but gradually the provider has also contributed to the fact that more and more private traders wanted to start trading in various financial products. The broker's portfolio is of course not only available to Canadian traders, but is offered in more than 29 countries. The customer base ofIQ Option* is more than 25 million customers. All in all, these are of course impressive numbers, although we have taken a closer look at the broker below. We not only took a detailed look at the portfolio, but above all put the security, the trading functions and the work of the customer support to the test.
|🥇 Best provider||IQ Option|
|⭐Rating||5.0 / 5.0|
|🐂 Underlyings||over 250|
|📈 Konditionen||Spreads, commission only for crypto trading|
|💻 Software||In-house development|
|🏆 IQ Option||Trade now!*|
*CFDs are complex instruments and have a high risk, leveraged quickly losing money. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
First an important note: an IQ Option scam can based on our experience, can be ruled out. The broker is officially regulated, with this task being taken over by the well-known Cyprus CySec. In addition, other security measures are used to make trading as safe as possible for customers. So it's absolutely true that there are still a few dubious providers up to mischief on the market.
Our experiences at a glance
In the test we found a few very interesting things about the provider can experience, which are probably also interesting for all other traders. IQ Option provides an appealing selection of base values with which customers can trade cryptocurrencies, currencies, stocks, indices or commodities.
Contrary to the general trend, IQ Option decided on an in-house development. However, this is in no way inferior to the competition and provides the optimal conditions for effective trading. In our opinion, the selection in the checkout area needs minimal improvement, since not all prominent and popular payment methods can be found here. Customer support is also not yet optimally covered. Employees are available here around the clock, but unfortunately not yet via live chat.
|Company||IQ Option Europe Ltd.|
|Address||Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102 Limassol, Cyprus|
|Phone||(+49) 30 255558698|
By the way, the platform is operated by IQ Option Europe Limited. This is a company based in Cyprus, which is also licensed and regulated by the local authorities for this reason. Of course, the broker has developed significantly in recent years and has been able to significantly reduce the payout time, for example. In short: IQ Option not only makes a serious impression in the test report, but also appears extremely attractive at the same time.
IQ Option in the check: fraud or serious?
Security plays a role | ||150im Forex-Handel or trading in other financial derivatives. Every trader should be aware that a healthy return can only be achieved where fair framework conditions are available. Fortunately, according to our test report, IQ Option can be counted among these providers. The broker scores with an official license from CySec, which should actually not leave any questions about seriousness unanswered. The Cyprus authority works first class and takes a detailed look at all online brokers. Thus, traders can focus entirely on their trade and do not have to worry or worry about IQ Option fraud. In addition, the broker's assets are kept in segregated ways. In detail, this means that the business assets are stored separately from the assets of the remaining customers. Should the broker ever get into financial difficulties, the funds of the traders would not be affected.
To protect against attacks by outsiders, the broker uses SSL encryption. This ensures that all of the traders' personal data is transmitted in a protected manner. Customers don't have to worry about criminals stealing and misusing their data.
Trading offer at IQ Option
IQ Option offers its traders two different account models for trading available, each of which creates different prerequisites and framework conditions. The same thing in both cases is that trading is done with an in-house trading platform. So IQ Option does not rely on the services of a third party, but makes its own trading platform available to customers.
Good selection of tradable underlyings
A total of more than 250 base values can be traded with this broker according to our IQ Option experience. The variety in the portfolio can definitely be described as decent, even if there are certainly other brokers who offer their traders a slightly larger selection. The widest selection is in the area of equities. Here the traders can find, for example, the papers of well-known football clubs such as Borussia Dortmund or Juventus Turin. In addition, the total of 123 papers also includes shares from Pirelli, Telecom Italia, Rolls Roys, Hasbro and Barclays.
The selection in the area of forex trading is almost as large. Here traders can trade 104 different currency pairs and focus on NZD/MXN, GBP/MXN, AUD/MXN, EUR/GBP, USD/JPY or AUD/USD, for example. Definitely a plus as some minor pairs are tradable here as well as the majors. Again, the variety in the area of raw materials and goods is significantly smaller. Nine base values can be traded here, including, for example, copper, gold, platinum, silver or wheat. The portfolio is rounded off by twelve cryptocurrencies such as Bitcoin, Litecoin, EOS, Ethereum or Dash. It is important to note that crypto trading comes with a trading fee of 2.9 percent. Good to know: IQ Option wants to make trading accessible to as many investors as possible. For this reason, you can start trading with an investment of just one euro.
Small investor account and professional account available
Two different accounts are made available to traders by the broker account models. The first model is the model for the retail investor. Negative balance protection is offered here, so that traders cannot risk or lose more money than is in their trading account. In addition, in this case, the deposits of the traders are also covered by the Deposit Protection Fund. Incidentally, the small investor account allows you to trade with a maximum leverage of 1:30.
The professional account is somewhat larger, but it is not available to all traders. The professional traders must have relevant experience in the industry, at the same time large trading volume and a wide trading portfolio are required. Professional traders also enjoy negative credit protection, but the deposits here are not covered by the deposit protection fund. With this account model, however, traders can take part in trading tournaments or use leverage of up to 1:500.
Modern platform makes trading easy
The IQ Option made a really positive impression Review the broker's trading platform. The provider works with an in-house development that is offered as a download variant and version for immediate trading in the browser. Of course, there are no costs for downloading or using the platform, but at the same time it can be seen here that IQ Option pays attention to the trading of beginners. The individual areas in the software are clearly marked so that it is always immediately apparent in which direction the customers have to move.
Features such as chart analyses, alarms, a trading calendar or economic news are also part of the equipment of the brokers. Fortunately, if you want to take a look at the software first, you can do so with a free demo account. For demo trading, the broker then gives you a bit of virtual money that you can use to trade. In addition, a training area equipped with video tutorials is also available for newbies. Unfortunately, webinars or the like cannot be built here yet. Nevertheless, the bottom line is that the impression of the commercial offer is extremely good and can definitely keep up with the big competition on the market.
No IQ Option bonus for new customers
The brokers have to stand out from the competition somehow nowadays. For this reason, more and more bonus offers have been launched in recent years, with which traders could increase their own investment by 100 percent, for example. However, such offers are prohibited by law, since in the past they were often equipped with overly complicated bonus conditions. IQ Option adheres to these guidelines and therefore does not offer a bonus for its traders. If the framework conditions are changed on the legal side, an IQ Option bonus could also find its way back into the broker's offer.
|More bonus offers:||–|
Ein- und Auszahlungen bei IQ Option
Deposits on the trading account at IQ Option are generally possible in euros, British pounds and US dollars. The minimum deposit is only ten euros and is therefore significantly lower than the majority of all competitors. This is particularly pleasant for inexperienced traders, since not too much capital has to be raised to start with. The provider also provides different options for deposits into the trading account. Mastercard and Visa credit cards can be used, and the Maestro card can also be used. Alternatives to this are Neteller, Skrill and Webmoney. It's a pity: Unfortunately, Sofortüberweisung, Giropay, PayPal and Paysafecard are currently not available. A clear plus point is the fact that traders do not have to pay any fees when depositing into the trading account.
|Payment methods at IQ Option|
|Deposit methods:||Credit cards, Maestro, Skrill, Neteller, Webmoney|
|Minimum deposit:||10 CAD|
|Akzeptierte Währungen:||EUR, GBP, USD|
|Withdrawal Methods:||Credit Cards, Skrill, Neteller, Webmoney, Wire Transfer|
In the Best In this case, every trader gets a nice return, which he then pays out again from the trading account. The same options are available to customers for withdrawals that can also be used for deposits. It is pleasant to mention about the payouts that here, too, only an extremely low minimum amount of one euro was set. No fees are charged for withdrawals, while the maximum for withdrawals is up to one million euros per day. Attention: Before the new traders can withdraw money from their account for the first time, they have to verify themselves with the broker. This is done by submitting a copy of official proof of identity such as a utility bill, cell phone bill, ID card or passport. In our experience with IQ Option, the payouts are processed within 24 hours on average.
Security and regulation
As already mentioned, it is completely unnecessary to worry about seriousness and security to do in-house at IQ Option. The broker works with a license from the Cyprus CySec, which guarantees that the provider is monitored in his daily activities. If the broker does not comply with the legal requirements, this would result in a penalty from the responsible authority. This punishment can even go so far as to have the broker's license revoked. So it is clear: The work here is serious and IQ Option fraud can be ruled out. At the same time, the history of the provider speaks a clear language. IQ Option has been active since 2013 and serves a customer base of several million users. Of course, this is only possible because serious and honest work is done here. The aforementioned storage of customer funds should also give traders a good feeling, as these are stored separately from the rest of the company's capital. In a financial emergency, customer deposits would not be affected. The broker provides further protection through SSL encryption and the associated encryption of sensitive user data. So all in all, there is no indication that IQ Option does not play by the rules of the game. But there are several proofs that work is done seriously and without rip-off.
Support and Customer Service
At IQ Option, the customer support section consists of two distinct parts. On the one hand, an FAQ area is offered in which traders can search for answers to their questions themselves. The FAQ area is offered entirely in Canadian. The integrated search function, which can be used to search for specific articles or contributions, is particularly positive. At the same time, there are also several options for direct contact with employees. Traders can contact support around the clock via email or telephone hotline. It's a pity, of course, that no live chat is offered. On the other hand, the quality of advice can be described as high according to our IQ Option experience. The support does a good job and ensures that problems and ambiguities can be quickly resolved.
In addition to the platform for stationary trading, IQ Option also has a mobile app available. This enables traders to trade financial derivatives while on the go. So it doesn't matter whether the customers are on the bus, tram or subway: With the IQ Option app, trading is possible anywhere. The mobile app is offered in different versions. One variant is specially designed for traders with an Apple device and can be downloaded free of charge from the App Store. There is also an app for Android devices that can be obtained from the Google Playstore. Alternatively, traders also have the option of starting the app downloads directly from the broker's website. Of course, the system requirements have to be taken into account, but otherwise there are no noticeable differences to stationary retail. The app can therefore present itself very well overall and need not shy away from comparison with the competition.
Conclusion: Here is everything that traders need
A good broker creates for his Traders an attractive framework with which to trade in the most effective and successful way possible. IQ Option provides such a framework and, with an attractive portfolio and a powerful platform, ensures that traders like to trade the financial products here. Commissions do not have to be paid, only crypto trading is subject to a fixed trading fee of 2.90 percent. What is particularly positive in the test is that a demo account is offered, a learning area is available and traders can start trading from as little as one euro. IQ Option is therefore the ideal platform for newcomers who do not want to invest a large fortune in trading right away. Payouts are also easily possible, completely free of charge and from as little as one euro. Since there are no serious disadvantages with the broker, the bottom line is that IQ Option can be recommended without hesitation and should be able to convince almost every trader. In addition, we recommend ourlarge CFD broker comparison.
*CFDs sind komplexe Instrumente und haben ein hohes Risiko, durch Hebelwirkungen schnell Geld zu verlieren. Zwischen 74% und 89% der Konten von Privatanlegern verlieren beim Handel mit CFDs Geld. Sie sollten sich überlegen, ob Sie verstehen, wie CFDs funktionieren und ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren.
The platform is very user-friendly. I can also make relatively small deposits.
written 64 months ago
I learned trading thanks to the IQ Option demo account. With only a little knowledge, I started in the demo account without any risk or money. What I personally like is the low minimum deposit of 10 CADs. And the minimum bet is 1 CAD. At first I was very careful. But now I'm also doing higher stakes.
written 63 months ago
IQ Option is a good choice for everyone, as I can confirm. My girlfriend recommended the broker to me. At first I thought I would never make it. But it's all very simple. Now I trade regularly and keep getting better.
written 57 months ago