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IQ OPTION Review - Does It Support MT4 and MT5? - WikiFX

WikiFX | 2025-04-27 12:37

Abstract：IQ OPTION only offers the IQ Option APP as their trading platform. But free demo accounts and social trading are available.

IQ OPTIONReview Summary
Founded	2007
Registered Country/Region	Antigua and Barbuda
Regulation	No regulation
Market Instruments	Forex, CFD Stocks, Cryptocurrencies, Commodities, ETFs, Indices
Demo Account	✅
Leverage	/
Spread	/
Trading Platform	IQ Option APP
Minimum Deposit	/
Social Trading	✅
Customer Support	Email: 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.

Pros and Cons

Pros	Cons
Long operation time	Lack of regulation
Demo accounts available	Lack of transparency
Social trading platforms provided	No MT4 or MT5
Diverse tradable assets	Limited types of payment options
Trading tournaments organized	Inactive 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!

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	❌

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.

Trading Platform

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

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

Social Trading

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

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/MasterCard	2 EUR/GBP/USD	2%, max 30 EUR/25 GBP/30 USD	Instant

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.

Leverage Broker Currency Pair Dealer Forex trading Forex Broker

Related broker

No Regulation

IQ OPTION

Company name：SKY LADDER LLC

Score

1.49

Website：https://iqbroker.com/lp/mobile-partner/en/?aff=12245&afftrack=thai_pbn&clickid=&aff_model=

5-10 years | Suspicious Regulatory License | Global Business | High potential risk

Score

1.49

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