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IQ Option Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-03-18 17:35

Abstract：IQ Option is an unregulated broker, offering trading on forex, stocks, cryptos, commodities, indices, ETFs with leverage up to 1:3000 and spread from 0 pip on IQ Option trading platform. The minimum deposit requirement is $10.

IQ OptionReview Summary
Founded	2013
Registered Country/Region	Antigua and Barbuda
Regulation	No regulation
Market Instruments	forex, stocks, cryptos, commodities, indices, ETFs
Demo Account	✅
Leverage	Up to 1:3000 (stocks)
Spread	0 pip
Trading Platform	IQ Option
Minimum Deposit	$10
Customer Support	Address: The Colony House, 41 Nevis Street, Saint Johns, Antigua and Barbuda
	Email:support@iqoption.com
	X, Instagram, YouTube, Twitter
Regional Restrictions	/

IQ Option Information

　　IQ Option is an unregulated broker, offering trading on forex, stocks, cryptos, commodities, indices, ETFs with leverage up to 1:3000 and spread from 0 pip on IQ Option trading platform. The minimum deposit requirement is $10.

Pros and Cons

Pros	Cons
With demo account	No regulation
Various trading products	No MT4/MT5 platform
Low minimum deposit

Is IQ Option Legit?

　　No. IQ Option currently has no valid regulations. Please be aware of the risk!

What Can I Trade on IQ Option?

　　IQ Option offers trading on forex, stocks, cryptos, commodities, indices, ETFs.

Tradable Instruments	Supported
Forex	✔
Stocks	✔
Cryptos	✔
Commodities	✔
Indices	✔
ETFs	✔
Options	❌
Bonds	❌

Account Type

　　The broker offers demo accounts and Islamic Account. But it does not mention anything about live accounts.

Leverage

　　The broker offers flexible leverage options, varying by product. However, high leverage can amplify both profits and losses.

Tradable Instruments	Leverage
Forex	1:20
Stocks	1:3000
Cryptos	1:5
Commodities	1:1000
Indices	1:1000
ETFs	1:20

IQ Option Fees

　　IQ Option Spreads

　　The spread is from 0 pip.

　　Non-Trading Fees

　　Inactive Account Fee

　　If an account remains inactive for ninety (90) consecutive calendar days, IQ Option may charge an Inactivity Fee of 10€. The annual fee will not exceed the total balance of the Client's account.

　　Termination fees

　　In cases where the remaining balance in the client's account is equal to or less than €5, the broker reserves the right to charge up to €5 (five euros or its equivalent amount in another currency on the day of the deduction of the fee) for closing the account due to lack of verification.

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
IQ Option	✔	Desktop, mobile	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

Deposit Options	Minimum Deposit	Fees	Processing Time
Visa / Mastercard	80 HKD, 10 EUR, 10 GBP, 700 RUB, 10 USD, 71 CNY	0	Instant
Volet.com	80 HKD, 10 EUR, 10 GBP, 700 RUB, 10 USD, 71 CNY	0	Instant

　　Withdrawal Options

　　You have 1 free withdrawal(s) per calendar month. The minimum withdrawal amount is $2.

Withdrawal Options	Minimum Withdrawal	Fees	Processing Time
Visa/MasterCard	15 CNY, 3 EUR, 2 GBP, 16 HKD, 231 RUB, 2 USD	0 CNY,2%, max 30 EUR,2%, max 25 GBP,2%, max 240 HKD,2%, max 1500 RUB,2%, max 30 USD	Instant
Visa/MasterCard	14 CNY, 2 EUR, 2 GBP, 16 HKD, 200 RUB, 2 USD	0 CNY,2%, max 30 EUR,2%, max 25 GBP,2%, max 240 HKD,2%, max 1500 RUB,2%, max 30 USD	Instant
Volet.com USD	14 CNY, 2 EUR, 2 GBP, 16 HKD, 200 RUB, 2 USD	0 CNY,2%, max 30 EUR,2%, max 25 GBP,2%, max 240 HKD,2%, max 1500 RUB,2%, max 30 USD	1 - 3 business days
Webmoney WMZ	14 CNY, 2 EUR, 2 GBP, 16 HKD, 200 RUB, 2 USD	0 CNY,2%, max 30 EUR,2%, max 25 GBP,2%, max 240 HKD,2%, max 1500 RUB,2%, max 30 USD	1 - 3 business days