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IQ Option Broker Review

Regulated by: none
Headquarters Country: Saint Vincent and the Grenadines
Foundation year: 2013
Supported Platforms: web trader

Regulation and Security

IQOPTION Ltd. owns the broker IQ Option. Saint Vincent and the Grenadines is where the corporation is registered. There are no restrictions on the broker’s work. The business appears to be providing its services to nations all around the world, though.

The company claims it follows AML guidelines. We were unable to learn more regarding the security of the funds, despite our best efforts. Where the funds are kept is not indicated anywhere.

When it comes to important facts, we found the company to be only minimally transparent. We can only draw the conclusion that this broker is risky to trade with after discovering that it is not transparent and unregulated.

In which countries does this broker work?

With the exception of the US, the broker conducts business worldwide. Any resident of Australia, Europe, or Africa is eligible to trade with this broker. You must be extremely cautious while opening an account with the broker because there is absolutely no regulation over it. Russian, Italian, Malay, and other languages are among the 15 languages that the company supports.

You should use extreme caution while opening an account with this broker because it is unregulated.

Can You Actually Profit With IQ Option?

The binary options broker IQ Option has a respectable selection of CFDs. If you have prior experience in the financial market, you could be able to profit with this broker. The broker provides novice traders with a comprehensive selection of educational elements.

The company lacks one-click execution or a guaranteed Stop Loss function, which would make trading faster and safer for traders. Additionally, because this broker is a market maker, it has the discretion to alter pricing.

However, making money is not the main issue with most unregulated brokers. It’s to get the money out. And this is where there is a knowledge gap regarding IQ Option broker.

Deposit & Withdrawal

With this broker, a $10 minimum deposit is required. Debit/credit cards as well as electronic wallets are accepted. The funds are available for withdrawal within a short period of time, and there is no commission for deposits.

The company charges 2% of the withdrawal amount, up to a maximum of 30 USD/EUR every withdrawal. The withdrawal minimum is two dollars. Debit/credit cards, wire transfers, and electronic wallets are all accepted. Withdrawals are said to take up to 3 business days. The caveat states that withdrawals to your card, however, may take up to 21 days. Furthermore, it is noted in the terms & conditions that wire transfers may take up to 45 days.

It seems that the more you read, the longer it takes to process your payment.

Additionally, the company reserves the option to provide you with just a limited number of payment options based on the degree of account verification and the nation you are visiting.

However, because this broker is unregulated, there is no assurance that withdrawals will be processed. We advise you to look for a broker who is overseen by significant regulatory agencies.

Is my money safe with IQ Option?

We were unable to identify the location of the funds anywhere in the IQ Option terms and conditions. Are they properly segregated from the company’s funds? Which banks do they keep them in? No response. The company is strictly adhering to AML policy, which is the only information we have.

Due to a lack of information, we are unable to vouch for the security of your money with this broker. There is no regulatory body you can turn to if you lose the money. We do not advise keeping your money with this broker as it is not a legitimate company.

IQ Option: Is It A Scam?

The Saint Vincent and the Grenadines are the broker’s home country. Moreover, it is not governed by any regulatory authority. It is not advisable for you to sign up for an account with IQ Option.

IQ Option is an unlicensed offshore broker. Based on this, we cannot conclude that it is a reliable broker.

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