Score

6.98 /10
Average

iqbroker

Saint Kitts and Nevis

5-10 years

Regulated in Australia

Market Making License (MM)

MT5 Full License

High Potential Risk

B

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Comparison

Quantity 26

Exposure

Time Machine
Website

Score

Regulatory Index6.46

Business Index7.19

Risk Management Index7.64

Software Index6.45

License Index7.46

The broker's WikiFX Score has been lowered due to a high volume of unresolved client complaints.
Time Machine
Website

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

Cortex Engine LLC

Company Abbreviation

iqbroker

Platform registered country and region

Saint Kitts and Nevis

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2026-10-14
  • WikiFX has recorded a total of 25 user complaints against this broker. Please be aware of the high risks and exercise extreme caution.

WikiFX Verification

Pyramid scheme complaint
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    iqbroker · Company summary
    IQ OPTIONReview Summary
    Founded2007
    Registered Country/RegionAntigua and Barbuda
    RegulationNo regulation
    Market InstrumentsForex, CFD Stocks, Cryptocurrencies, Commodities, ETFs, Indices
    Demo Account✅
    Leverage/
    Spread/
    Trading PlatformIQ Option APP
    Minimum Deposit/
    Social Trading✅
    Customer SupportEmail: support@iqoption.com
    Address: The Colony House, 41 Nevis Street, Saint Johns, Antigua and Barbuda
    Social media: Instagram, YouTube, Twitter

    IQ OPTION was registered in 2007 in Antigua and Barbuda, which is a broker focusing on forex, stocks, cryptos, commodities, ETFs, and indices markets. It provides a free demo account and a social trading platform for traders to communicate. However, this company is not regulated, and it does not reveal details about accounts.

    IQ OPTION's homepage

    Pros and Cons

    Pros Cons
    Long operation timeLack of regulation
    Demo accounts availableLack of transparency
    Social trading platforms providedNo MT4 or MT5
    Diverse tradable assetsLimited types of payment options
    Trading tournaments organizedInactive fees charged
    Withdrawal fees charged

    Is IQ OPTION Legit?

    No, IQ OPTION is not regulated by financial regulatory authorities in Antigua and Barbuda, which means the company lacks regulation from its registration site. Therefore, please be aware of the potential risks!

    No license
    Domain information

    What Can I Trade on IQ OPTION?

    IQ OPTION provides several types of products, including forex, CFD stocks, cryptocurrencies, commodities, ETFs, and indices.

    Tradable Instruments Supported
    Forex✔
    Commodities✔
    Indices✔
    CFD Stocks✔
    Cryptocurrencies✔
    ETFs✔
    Bonds❌
    Options❌
    Futures❌
    What Can I Trade on IQ OPTION?

    IQ OPTION Fees

    IQ OPTION charges an inactive fee of 10 EUR if the account remains inactive for 90 days. Besides, it also charges termination fees, which can be up to 5 EUR.

    IQ OPTION Fees

    Trading Platform

    IQ OPTION uses its own trading platform, and it does not support MT4 or MT5.

    Trading PlatformSupported Available Devices Suitable for
    IQ OPTION APP✔PC, web, mobile, mac/
    MT4❌/Beginners
    MT5❌/Experienced traders
    IQ OPTION APP

    Social Trading

    IQ OPTION provides a trading community platform, which enables traders to communicate and share their experiences.

    Social Trading

    Deposit and Withdrawal

    IQ OPTION supports electronic payment systems, bank cards, and wire transfer options. Besides, traders can have a free withdrawal per month.

    Withdrawal Options Minimum Withdrawal Withdrawal Fees Withdrawal Processing Time
    VISA/MasterCard2 EUR/GBP/USD2%, max 30 EUR/25 GBP/30 USDInstant
    Deposit
    Withdrawal

    Trading Tournaments

    IQ OPTION holds different types of trading tournaments, and the prize pool varies. Take the current tournament for example, the prize pool is $3,000.

    Trading Tournaments

    User Reviews

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    User comment

    5

    Comments

    Write a review

    FX3924633165
    more than one year
    después de un par de meses quiero entrar a mi cuenta y vengo con la sorpresa que me bloquearon la cuenta, por qué?? eso solo el broker sabrá
    después de un par de meses quiero entrar a mi cuenta y vengo con la sorpresa que me bloquearon la cuenta, por qué?? eso solo el broker sabrá
    Translate to English
    2025-06-25 01:27
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    FX2844051242
    more than one year
    cuando estás en la cuenta demo y utilizas tu estrategia si funciona, como lo normal en los mercados las velas son patrones fundamentales para hacer una operación exitosa, lo cual me pareció extraño por qué al ver qué mi estrategia estaba funcionando decidí invertir en la cuenta real pensando que iba a subir mi cuenta rápidamente. pero no fue así, en la real el tipo de gráfico se mueve casi iguales en la demo y la real, con la diferencia que en la real hay mucha manipulación del mercado, creando patrones engañosos y hacerte perder el dinero.
    cuando estás en la cuenta demo y utilizas tu estrategia si funciona, como lo normal en los mercados las velas son patrones fundamentales para hacer una operación exitosa, lo cual me pareció extraño por qué al ver qué mi estrategia estaba funcionando decidí invertir en la cuenta real pensando que iba a subir mi cuenta rápidamente. pero no fue así, en la real el tipo de gráfico se mueve casi iguales en la demo y la real, con la diferencia que en la real hay mucha manipulación del mercado, creando patrones engañosos y hacerte perder el dinero.
    Translate to English
    2025-05-30 06:19
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