Score

1.46 /10
Danger

IQ OPTION

Saint Kitts and Nevis

2-5 years

Suspicious Regulatory License

Global Business

High potential risk

AAA

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Quantity 24

Exposure

Time Machine
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Score

Regulatory Index0.00

Business Index6.64

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
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No valid regulatory information, please be aware of the risk

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No restriction on the broker account. Support service provided by WikiFX

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1G

40G

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Broker Information

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Company Name

Goshawk Finance LLC

Company Abbreviation

IQ OPTION

Platform registered country and region

Saint Kitts and Nevis

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-16
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 23 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

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    IQ OPTION · Company summary
    Aspect Information
    Registered Country/Area Saint Kitts and Nevis
    Founded Year 2013
    Company Name IQ Option LLC
    Regulation Not regulated
    Maximum Leverage Up to 1:1000
    Spreads Starting from 0.06 pips
    Trading Platforms Full Version (Windows and macOS), IQ Lite (Android)
    Tradable Assets Forex, Stocks, Crypto, Commodities, Indices, ETFs
    Account Types Practice Accounts (Demo), Real Accounts
    Demo Account Available for Practice Accounts
    Customer Support Email support available
    Payment Methods Visa, MasterCard, Local Bank Options, Neteller, Skrill
    Educational Tools Video tutorials on trading

    Overview

    IQ Option, founded in 2013 and based in Saint Kitts and Nevis, operates as IQ Option LLC and is not regulated by major financial authorities. The platform offers a maximum leverage of up to 1:1000 and competitive spreads starting at 0.06 pips. Traders can access a diverse range of tradable assets, including Forex, Stocks, Crypto, Commodities, Indices, and ETFs. Account options include Practice Accounts for demo trading and Real Accounts for live trading. Customer support is available via email, and the platform provides various payment methods such as Visa, MasterCard, Local Bank Options, Neteller, and Skrill. IQ Option offers educational resources in the form of video tutorials to assist traders in their learning journey across multiple trading platforms, including a full version for Windows and macOS and a lightweight IQ Lite version for Android users.

    basic-info

    Regulation

    IQ Option operates without regulation, which means it lacks oversight from major financial authorities like the SEC, FCA, or ESMA. This absence of regulatory oversight can raise concerns about the safety of funds, fairness of the trading platform, and dispute resolution. Traders should exercise caution and conduct thorough research before considering IQ Option or any unregulated broker, as they may not offer the same level of protection and transparency as regulated counterparts.

    regulation

    Pros and Cons

    IQ Option is a trading platform with its own set of advantages and disadvantages. Understanding these can help you make an informed decision about whether it's the right platform for your trading needs.

    Pros Cons
    Diverse Range of Market Instruments: IQ Option offers Forex, Stocks, Crypto, Commodities, Indices, and ETFs, providing traders with ample diversification opportunities. Lack of Regulation: IQ Option operates without regulation, which can raise concerns about safety and fairness.
    Competitive Spreads: Traders can benefit from competitive spreads starting from 0.06 pips, reducing the overall cost of trading. High Leverage: While offering significant leverage (up to 1:1000), it also amplifies the risk of substantial losses if not used cautiously.
    Commission-Free Trading: IQ Option doesn't charge commissions on trades, simplifying the fee structure. Additional Fees: While there are no commissions, traders may encounter other fees, such as overnight financing fees or withdrawal charges.
    Multiple Deposit and Withdrawal Options: The platform offers various deposit and withdrawal methods, providing flexibility and convenience to users. Varying Withdrawal Times: Withdrawal processing times can range from instant to up to 3 business days, depending on the method chosen.
    Practice Accounts for Beginners: IQ Option's Practice Accounts allow novice traders to learn and practice without risking real money. Lack of Phone Support: While email support is available, phone support is not specified, potentially limiting contact options for users.
    Educational Resources: The platform provides access to video tutorials, enhancing traders' skills and knowledge. Unregulated Broker: Being unregulated may deter some traders who prefer the oversight provided by regulatory bodies.
    Two Trading Platform Options: IQ Option offers both a full-featured trading platform for Windows and macOS and a lightweight version for Android users.

    In summary, IQ Option provides a diverse array of trading opportunities with competitive spreads, commission-free trading, and a range of educational resources. However, traders should be aware of the lack of regulation, the potential risks associated with high leverage, and the variation in withdrawal processing times.

    Market Instruments

    IQ Option offers a diverse range of trading instruments, catering to a wide spectrum of traders with varying interests and strategies. These market instruments include Forex, Stocks, Crypto, Commodities, Indices, and ETFs, providing traders with ample opportunities to diversify their portfolios and take advantage of market movements in various asset classes.

    1. Forex: Forex, or foreign exchange, is the largest and most liquid market globally, involving the trading of currency pairs. IQ Option allows traders to participate in the Forex market, enabling them to speculate on the exchange rate fluctuations of major and minor currency pairs, such as EUR/USD, GBP/JPY, or USD/JPY.

    2. Stocks: IQ Option provides access to a selection of stocks from well-known companies, allowing traders to buy and sell shares of these companies. This enables traders to invest in the performance of individual businesses across different industries.

    3. Crypto: The platform offers a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and many altcoins. Traders can take advantage of the volatility in the cryptocurrency market and trade these digital assets against other currencies or assets.

    4. Commodities: Commodities include assets like gold, oil, and agricultural products. IQ Option offers the opportunity to speculate on the price movements of these commodities, providing exposure to the global commodity markets.

    5. Indices: Traders can access various stock market indices, such as the S&P 500 or NASDAQ, through IQ Option. These indices represent the performance of a group of stocks and provide insight into the broader market sentiment.

    6. ETFs: Exchange-Traded Funds (ETFs) are investment funds that hold a diversified portfolio of assets. IQ Option allows traders to invest in ETFs, providing exposure to a wide range of asset classes, sectors, or regions in a single trade.

    Market Instrument Description
    Forex Currency pairs trading (e.g., EUR/USD)
    Stocks Trading shares of individual companies
    Crypto Cryptocurrency trading (e.g., Bitcoin)
    Commodities Trading various commodities (e.g., gold)
    Indices Trading stock market indices (e.g., S&P 500)
    ETFs Investing in diversified ETF portfolios
    market-instruments

    Account Types

    IQ Option offers traders a tiered account system designed to cater to the diverse needs of traders, whether they are just starting or have more experience. These account types include Practice Accounts and Real Accounts, providing users with a choice to simulate trading or engage in live trading with real capital.

    1. Practice Accounts: IQ Option offers Practice Accounts, also known as demo accounts, which are invaluable for novice traders. These accounts allow users to practice and hone their trading skills without risking real money. Traders are provided with virtual funds to simulate real market conditions, enabling them to test different strategies, understand the platform's functionality, and gain confidence in their trading abilities. Practice Accounts are an excellent way for beginners to learn the ropes of trading before transitioning to live trading.

    2. Real Accounts: IQ Option's Real Accounts are for traders ready to commit real capital to the markets. These accounts enable users to access the full range of trading instruments, including Forex, Stocks, Crypto, Commodities, Indices, and ETFs, and execute real trades with actual money. Traders can deposit funds into their Real Accounts and start trading based on their strategies and risk preferences. Real Accounts offer the opportunity to profit from market movements and are suited for experienced traders looking to engage in the financial markets actively.

    account-types

    Leverage

    IQ Option offers traders a significant leverage option, with a maximum trading leverage of up to 1:1000. This level of leverage allows traders to control a much larger position size in the market compared to their initial capital.

    Leverage can amplify both potential profits and losses. When used wisely, high leverage can enhance trading opportunities, enabling traders to make more substantial gains with a smaller initial investment. However, it's crucial to exercise caution when utilizing such high leverage, as it also magnifies the risk of substantial losses.

    Traders should have a solid understanding of leverage and risk management strategies before taking advantage of the maximum leverage offered by IQ Option. It's advisable to use leverage judiciously, considering one's risk tolerance, trading strategy, and market conditions, to maintain a healthy balance between potential rewards and risks.

    Overall, the availability of up to 1:1000 leverage on IQ Option provides traders with flexibility in their trading approach, but it's essential to approach this feature with prudence to safeguard their capital and mitigate potential downsides.

    Spreads & Commissions

    When trading with IQ Option, traders can expect a fee structure that offers flexibility and choice. The key components to consider are spreads and commissions, both of which can vary depending on the specific trading account selected.

    Spreads: IQ Option provides spreads starting from as low as 0.06 pips. Spreads represent the difference between the buying (ask) and selling (bid) prices of a financial instrument. Lower spreads are generally more favorable for traders as they can reduce the overall cost of trading. The option to access spreads as tight as 0.06 pips demonstrates the competitive nature of IQ Option's pricing and can be appealing to traders seeking cost-efficient trading.

    Commissions: IQ Option offers commission-free trading, which means that traders do not incur additional charges for executing trades. This is particularly advantageous for traders who prefer to avoid commissions, as it helps keep their trading costs predictable and transparent. However, it's important to note that while IQ Option may not charge commissions on trades, other fees, such as overnight financing fees or withdrawal fees, may still apply depending on the specific trading activity and account type.

    In summary, IQ Option provides traders with a range of options when it comes to spreads and commissions. Spreads can be as low as 0.06 pips, making it cost-effective for traders to execute their strategies, and the absence of commissions simplifies the fee structure. Nevertheless, traders should carefully review the terms and conditions, as well as the fee schedule associated with their chosen account type, to fully understand the cost implications of their trading activities.

    spread-commission

    Deposit & Withdrawal

    IQ Option provides a wide range of deposit and withdrawal options, ensuring convenience and flexibility for traders managing their funds.

    Deposit Options: IQ Option allows traders to fund their accounts using various methods, including Visa, MasterCard, Local Bank Options, Neteller, and Skrill. This selection caters to different preferences, whether traders prefer using credit or debit cards or opt for e-wallets and bank transfers.

    Withdrawal Process: Withdrawals from IQ Option accounts vary in processing times depending on the chosen method. Withdrawals can be processed either instantly or take up to 3 business days. The specific timing depends on the selected method and the processing times of the involved financial institutions.

    In summary, IQ Option aims to provide traders with flexibility in managing their funds by offering multiple deposit options and varying withdrawal processing times. Traders are encouraged to review the platform for specific details and any associated fees related to deposits and withdrawals, ensuring well-informed financial decisions.

    deposit-withdrawal

    Trading Platforms

    IQ Option offers two distinct trading platforms to cater to the diverse needs of its users:

    1. Full Version Trading Platform: This platform is designed for Windows and macOS users. It offers a comprehensive trading experience with a size of 74 MB. It requires a minimum of 2 GB of RAM (4 GB recommended) and specific video card compatibility. It provides all the tools and features needed for in-depth analysis and trading execution.

    2. IQ Lite: For Android users, IQ Lite is a streamlined and efficient solution with a small size of just 1.6 MB. It focuses on essential trading features and is compatible with Android 5.1 or later. IQ Lite offers a lightweight option for traders prioritizing simplicity and efficiency.

    Both platforms are available for download from various sources, ensuring accessibility. IQ Option also provides guidance for resolving common technical issues that users may encounter, enhancing the overall user experience.

    trading-platform

    Customer Support

    IQ Option provides accessible customer support to assist users with their inquiries and concerns. Users can reach out to IQ Option via email at support@iqoption.com for assistance related to various aspects of their trading experience.

    Additionally, users can find IQ Option on various social media platforms, making it easier to stay updated with the latest developments, news, and announcements. The broker offers a user-friendly interface for asking questions or seeking assistance with a designated section for submitting queries.

    While the specific phone number for customer support is not provided in the information, users are encouraged to utilize the email contact or the online question submission feature to reach out to IQ Option's support team. The broker aims to provide timely and effective support to enhance the trading experience for its users.

    customer-support

    Educational Resources

    Discover a wealth of valuable video tutorials on trading by visiting https://capital-ok.com/en/tutorials. These tutorials cover a wide range of topics, from the basics to advanced strategies, making them suitable for traders of all levels. Explore concepts like trading strategies, technical analysis, and risk management through engaging and interactive video content. You can learn at your own pace, with the ability to pause, rewind, and replay as needed. These tutorials are designed to complement Capital-OK's platform tools and features, helping you make more informed trading decisions. Don't miss this opportunity to enhance your trading skills and knowledge.

    educational-resources

    Summary

    IQ Option is an online trading platform offering a diverse range of market instruments, including Forex, Stocks, Crypto, Commodities, Indices, and ETFs. They provide a tiered account system with Practice and Real Accounts for traders of all levels. While they offer a significant leverage of up to 1:1000, users should exercise caution. IQ Option provides competitive spreads as low as 0.06 pips and offers commission-free trading. They support various deposit and withdrawal options, with processing times ranging from instant to 3 business days. Two distinct trading platforms, one for Windows and macOS and another lightweight option for Android, cater to different user preferences. Customer support is accessible via email, and educational resources are available for traders. Additionally, Capital-OK offers video tutorials for traders looking to enhance their skills and knowledge.

    FAQs

    Q1: Is IQ Option a regulated broker?

    A1: No, IQ Option operates without regulation, which means it lacks oversight from major financial authorities.

    Q2: What market instruments can I trade on IQ Option?

    A2: IQ Option offers Forex, Stocks, Crypto, Commodities, Indices, and ETFs for trading.

    Q3: What is the maximum leverage offered by IQ Option?

    A3: IQ Option provides a maximum trading leverage of up to 1:1000.

    Q4: Are there any fees for trading on IQ Option?

    A4: IQ Option offers competitive spreads starting from 0.06 pips and commission-free trading, but other fees may apply depending on the trading activity.

    Q5: How can I contact IQ Option's customer support?

    A5: You can reach IQ Option's customer support via email at support@iqoption.com or find them on various social media platforms for updates and inquiries.

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    busba
    more than one year
    Not to many payment gateways available, but still, smooth process.
    Not to many payment gateways available, but still, smooth process.
    Translate to English
    2023-09-24 21:05
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    快手-提款机
    more than one year
    Let me tell you, IQ Option is the real deal. Their trading platform is top-notch and the overall environment is great for trading. What really impressed me though, was their demo account feature. It allowed me to test the waters before diving in, which helped me feel more confident about my trades. And don't even get me started on their low minimum deposit - it's perfect for newbies who don't want to risk a ton of cash. Plus, their platform is super easy to use, making it a great choice for anyo
    Let me tell you, IQ Option is the real deal. Their trading platform is top-notch and the overall environment is great for trading. What really impressed me though, was their demo account feature. It allowed me to test the waters before diving in, which helped me feel more confident about my trades. And don't even get me started on their low minimum deposit - it's perfect for newbies who don't want to risk a ton of cash. Plus, their platform is super easy to use, making it a great choice for anyo
    Translate to English
    2023-03-27 10:06
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