IQ Option Complete Broker Review 2022 | Is It legit or A SCAM?

saltmoney author
By: Michael Restiano
Updated On: May 24, 2022
Saltmoney.org is reader-supported. When you buy via links on our site, we may earn an affiliate commission at no cost to you.

IQ Option Complete Broker Review: IQ Option is a popular binary options trading broker. It has been established in the industry for years now, and it has made quite an impression on both traders and investors who are willing to start making money online.

I must admit that they have achieved much more than what would be expected from any other brokerage company out there within such a short time frame.

Their success can be attributed to the company's exceptional approach to building a comprehensive trading platform that is both user-friendly and efficient.

They have also successfully enlisted assistance from some of the most reputable professionals in the binary options trading industry, thus making their site one of the most informative around.

The issue that many traders would like to understand is whether or not IQ Option is legitimate. With the number of scams in the industry, it is often hard for traders to find a binary options broker that they can rely on.

IQ Option was established quite some time ago and has proven itself to be not only legitimate but also one of the most preferred choices within the trading community. The site offers a wide choice of assets and some of the most profitable trading strategies.

With so many binary options brokers out there, it is hard to pick a company that we can rely on while making money online. I would like to offer an unbiased review of IQ Option in order to help traders see if this broker has something to offer them or not.

Company’s Background

IQ Option was established in 2014 and has already managed to design a fantastic trading platform that is available both online and on mobile devices.

They are one of the few binary options brokers out there that offer investors their option builder tool. This is an exceptional feature that allows traders to combine multiple assets together into one trading strategy.

Not only that, but traders are free to design their own option trading strategies with the help of IQ Option’s fantastic toolbox.

iq option

This is a very easy-to-use feature that comes in quite handy for both novice and advanced traders who are looking to make money online in a more efficient way. This broker also offers free trading signals every day, which are sent directly to traders’ emails.

IQ Option is currently one of the brokers who have managed to make a name for themselves within the binary options community.

They are based in Cyprus and are regulated by CySEC. Their license number is 250/14. They also offer their services to traders from the USA.

Pros And Cons Of IQ Option:

Pros:

Great Customer Support:

One of the few things that have earned IQ Option their spot among one of the most trusted binary options brokers is their customer support team.

They are available 24/7, which means traders can contact them with their concerns or questions about any of their services anytime.

Transparency:

The broker has also made several efforts to make everything as transparent as possible for both traders and investors. For instance, they offer an extensive FAQ section that is available on their website. Traders can find answers to most of the questions regarding binary options trading there.

Regulated:

This broker is regulated by CySEC, and their license number is 250/14. They also offer services to traders from the USA.

Well-Thought-Out Site:

IQ Option has offered a fantastic website where traders can find everything they need in one place. No matter if you are looking for trading strategies, registration processes, or anything else that might be relevant to binary options trading, you will find it on their website.

Free Demo Account:

Another great thing about IQ Option is that they offer all new traders a free practice account before deciding if this broker is the right choice for them or not. This service allows traders to get used to the platform and its services without spending any money.

Easy To Use:

The platform of this broker is available both for mobile devices and online. Traders can use it to make money online. It is very easy to navigate, which means novices will feel comfortable with it right away, even if they do not have any previous experience in binary options trading.

Minimum Deposit:

This broker requires a minimum deposit of $10, which means investors who are looking to deposit less than that may find it hard to get started with binary options trading.

Cons:

Trading Conditions:

While this broker has some great features that are worth mentioning, they also have a few drawbacks that might be important for some traders.

For example, their trading conditions are very limited, which means traders may not find the services of this broker suitable for them if they want to invest larger amounts of money at once.

Small Differences In Prices:

Another thing that might be important for some traders is the fact that this broker offers small differences in prices when it comes to binary options trading. Investors may find other brokers more suitable for them if they are looking to get significantly higher returns on their investments.

Inactivity Fees:

Another thing that some traders might not like is the fact that this broker charges inactivity fees. This means that while they offer a free demo account for newbie traders, if they decide to stop trading on their platform after a few months of inactivity, they may pay fees for that.

Few Assets Available:

This broker also offers fewer assets for binary options trading, which means investors may not find enough diverse opportunities to earn money.

What Does The IQ Option Platform Look Like?

IQ Option has offered a fantastic platform for binary options trading. It is very well-thought-out and easy to use, which means novices will feel comfortable with it right away, even if they do not have any previous experience in this field.

It can be used both online and on mobile devices when investors want to trade on the go. It is very easy to navigate, and it offers some great tools for traders to make the most out of their time on this platform.

Traders will definitely feel like they are in good hands when using the services of this broker, which means it might be a great choice for them.

What Does The IQ Option Platform Look Like

The website functions well, no matter if you are using it online or on a mobile device. Users can also find answers to most of the questions regarding binary options trading there, which means even novices will feel comfortable with it right away.

There are great tools for investors who want to make the most out of their time on this platform. For example, they can use the economic calendar and Robo advisor (virtual trader) to get more information regarding particular asset prices and trading conditions for individual assets. It is very easy to navigate, which means novices will feel comfortable with it right away.

Who Should Use IQ Option?

This broker offers its services to traders from all around the world. This means that no matter where they are, investors will be able to use the services of this broker if they have a computer or mobile device with Internet access.

It is especially suitable for beginners because it offers great tools that can help them get used to binary options trading. They can consider it to be a great choice if they want to start using this platform and then decide if they would like to use the services of other brokers as well.

If they want to make the most out of using this platform, investors can use third-party tools along with it. They can also contact customer service for additional information.

IQ Option is definitely a great choice for everyone who is looking to invest in binary options trading and wants to be sure that they are making the right choice.

How Does IQ Option Work?

This broker has opened the doors to binary options trading for investors from all around the world. It is easy to register there and start using its services, which means traders can use this platform if they want to invest in digital options. They will have an opportunity to explore this field without any previous experience.

It offers a demo account that is free of charge, which means that investors who are not sure if this investment is the right choice for them can test their skills with a demo account.

Plus, they can use a demo account to get used to trading on this platform and how it works in general before investing real money.

This broker also offers plenty of products (assets) for binary options trading, which means that investors may find all the necessary information about them there without having to look for it elsewhere.

If they have any questions or problems while using this platform, they can get in touch with customer service and get all the answers and solutions they need.

It is a well-known broker because it offers great tools for traders to make the most out of their time on this platform. For example, they can use a demo account for free or Robo advisor, which allows them to get more information regarding particular asset prices and trading conditions for individual assets. It is very easy to navigate, which means novices will feel comfortable with it right away.

Is IQ Option Safe To Use?

This broker prides itself on its safety record and security measures. While using the services of this platform, traders can be sure that their personal information is safe, and they will not have to worry about losing their money as a result of a malicious attack or a scam.

Is IQ Option Safe To Use

Also, it offers a verified certificate from CySec, which means that investors can trust the services of this platform. If they have any problems or questions, they can contact customer service and get all their questions answered without delay.

As a result, traders who want to make a reliable investment may choose to use the services of IQ Option because it offers high-quality features that can help them stay safe while investing their money in binary options.

Is IQ Option Reliable?

This broker has been on the market for a long time, and it has gained so much popularity because of its reliability. Investors who want to get access to all the necessary information about binary options trading may get in touch with customer service, which can answer their questions and provide them with detailed answers that will help them understand how this investment works.

It offers not only a lot of useful information but also many tools that can help investors make the most out of their time on this platform. While using this broker, they can enjoy various services that are available to them.

As a result, traders may find everything they need to know about binary options trading there without having to look for it elsewhere. Customer support is also available, which means that they can use this feature if they have any problems or questions.

How Is The Customer Support Service Of IQ Option?

This broker offers a customer support service that is available for its clients. Traders can contact this feature via email or phone and get all the help they need.

If they have any issues while using the services of IQ Option, such as downloading new binary options trading tools, signing up to use them, etc., they can get in touch with customer support and get all the answers they need.

It has a vast knowledge base that can help investors stay safe while using the services of this platform. The most important information about binary options trading is there, which means that traders can pay attention to this topic without having to look for it elsewhere.

customer service of customer service

It also offers various types of information about different assets, which makes it extremely useful for traders who want to get the most out of their time on this platform.

In addition, customer support is available via email or phone. All they have to do is contact them and make sure they choose the right option based on what they need.

As a result, investors can rely on this broker because it can provide them with the information they need about binary options trading. Also, this broker offers various features that can be useful for traders who want to make a successful investment with the minimum risk possible.

Is IQ Option A Scam?

This broker has gained so much popularity because it is reliable and honest when it comes to providing its clients with the necessary information about binary options trading.

The services it offers are transparent, which means that if traders have any issues, they can contact customer support and get all the help they need. Moreover, this broker has a good track record regarding safety because it is regulated by CySec.

Is it scam or legit

The most important information about binary options trading is there, which means that investors can pay attention to this topic without having to look for it elsewhere. It also offers various types of information about different assets, which makes it extremely useful for traders who want to get the most out of their time on this platform.

As a result, investors may find everything they need in order to be successful with their binary options trading there and can rely on this broker without having to worry about their money or personal information.

What Are The Services Offered By IQ Option?

Hedge Trading:

Hedge trading is available with IQ Option and offers the opportunity to enhance any binary options trade. This means that traders can potentially increase their returns beyond 100% if their predictions are correct.

Complex Options:

Those who prefer a challenge over simplicity will enjoy this feature, as it gives them more control over risks and potential payoffs. These options, although more complex to use, are capable of providing highly profitable results.

The Payoff Calculator:

A powerful tool that enables traders to forecast profits and losses before making a trade is available with IQ Option. This provides the opportunity for greater precision in binary options trading predictions.

Binary Options Signals:

Another feature that can help investors get more out of their binary options trading is the signals they can benefit from. They are delivered via this platform, so investors can pay attention to them without having to spend additional time looking for them elsewhere.

Scalping Trading:

This type of trading is available with IQ Option and allows investors to trade binary options frequently in the hope of producing small yet steady profits. This can be beneficial for traders who want to set up a long-term investment strategy without losing sight of the short term, too.

Islamic Account:

Muslim clients will appreciate this aspect, as they are able to trade with this broker without having to worry about adhering to their beliefs.

Mobile Trading:

Binary options investors can trade anytime they want on IQ Option, regardless of where they are. The mobile version of this platform is available for Android and iOS devices.

Demo Account:

A demo account is available with IQ Option, which means that new investors can use it and test their strategies before they start trading with real money.

The Art Of Trading:

This tool is available with IQ Option and provides new traders with the information they need about binary options trading.

Educational Resources:

This platform offers lots of educational resources to its traders, such as videos and tutorials. They can be very helpful for new investors who want to start this type of trading and need some pointers about how to get started.

Trading Signals:

There are trading signals available with this platform, which means that investors can enter trades based on outside market analysis. They can be useful for new investors who want to learn the basics of binary options trading.

Autotrading:

IQ Option offers auto-trading as well, which means that investors can have their strategies managed by an automated system. This is beneficial for those traders who are too busy to trade on a regular basis but still want their trades to be successful.

One-Touch Trades:

One-touch trades are also offered by this broker, making them very popular among binary options traders who wish to increase their returns without having to wait for expiration dates that are too far into the future.

Margin Trading:

Another profitable trading option is margin trading, and it is available with the IQ Option. It allows investors to increase their potential profits and obtain greater returns on their trades.

Advanced Tools:

IQ Option offers tools that are both advanced and simple, catering to the needs of all kinds of binary options traders. This provides investors access to more opportunities than they might expect when looking for brokers online.

High Payouts:

With IQ Option, traders can take advantage of high payouts on most types of tradable assets. These make it possible for them to multiply their investments and continue trading for a long time.

Charting Tools:

This broker offers charting tools to its traders, as well as stock options. This provides investors with a more diversified trading experience and the opportunity to invest in other markets alongside binary options.

ACM:

Investors who have accounts on this platform can use an account called ACM for their trades. This is very beneficial because it allows them to access information about their trades in real-time, so they can adjust them to the current market conditions.

Is IQ Option A CFD Broker?

IQ Option is also a CFD broker. CFD Broker means that it is a broker that offers services for currency trading, as well as other assets such as stocks, commodities, and indices.

What Is A CFD Broker?

A CFD broker is a broker that offers services for trading on the price difference of an underlying asset. In other words, there are no real coins transferred from one account to another but merely a financial transaction based on the value of a coin or token.

How Does A CFD Broker Work?

You can either open a demo account with IQ Option or an actual trading account, depending on your needs. A demo account will allow you to trade without risking real money, while an actual trading account will allow you to deposit funds and begin trading immediately.

A CFD broker works by providing traders with all the tools they need for currency trading, whether it is on the price of a single coin or on the value of an entire index.

What Kind Of Accounts Can Be Opened With IQ Option?

Traditional:

This type of account is ideal for investors who want to trade in small amounts and need their trades to be completed quickly. It allows you to use market analysis and trading robots in order to obtain returns on your trades.

Islamic:

This type of account is ideal for Muslim investors who wish to trade binaries but don't want to violate their religious beliefs. It allows you to work with this broker without having any problems with the tenets of your religion.

Pro:

This type of account offers all the benefits that can be obtained by opening a traditional account but also allows you to trade with large amounts. It is ideal for investors who have considerable assets and want to be able to work with one of the best brokers on the market.

What Types Of Orders Does IQ Option Offer?

IQ Option offers all types of orders that are typically offered by binary brokers, including the following:

Market Order:

This type of order is used to take advantage of extreme price volatility and execute trades immediately at current prices. It allows traders to capture quick profits on their investments.

Pending Order:

A pending order will allow investors to open a position at a price that is most beneficial for them and then close that position when the time comes.

One-Cancels-Other Order:

This type of order allows investors to trade with greater flexibility because both parts of the order can be executed, or neither part will be completed. It makes it easier for investors to find opportunities without having to worry about trading restrictions and maximum trading times.

Cancel Order:

A cancel order allows investors to remove any type of order that was previously placed, whether it is a limit, market, or pending buy or sell order. It can be useful for traders who aren't satisfied with the current price but don't want to miss out on an opportunity to trade.

Stop-Loss Orders:

This type of order allows investors to prevent serious losses on their investments by placing a sell order that will be executed at a certain price.

Take Profit Orders:

This type of order allows investors to place a limited sell order with an elevated price in the event that the market moves favorably for them. It allows them to lock in profits while they are still available.

How Does IQ Option Verify Accounts?

IQ Option uses a banking partner that provides it with two options: Perfect Money and Skrill. These accounts allow investors to fund their trading accounts without having to wait for days before they can start trading, allowing them to do business as soon as possible.

Is IQ Option A Forex Broker?

Yes, IQ Option is a forex broker. Offering CFDs in the financial world's most sought-after assets, it allows investors to trade in all types of currencies and on all indices.

A Forex broker is a company that facilitates foreign exchange trading. Its services often include catering to both experienced investors and those who are new to the world of currency trading, as well as providing tools such as mobile apps and web-based platforms for traders who prefer not to use their own computers.

What Types Of Assets Can Be Traded On IQ Option?

IQ Option makes it possible for traders to trade in many of the most important assets in the financial industry, including:

Currency Pairs:

These are the most popular type of investments and allow investors to make money by predicting changes in exchange rates.

Indexes:

Investors can make money with these types of investments by taking advantage of changes in the value of indexes, which can be useful when predicting future price movements.

Stocks:

Traders who want to invest in the stock market have access to one of the most comprehensive selections on any binary options broker's website. They can choose from all kinds of stocks, including those from leading companies in the US, Europe, and Asia.

Cryptocurrencies:

Those who want to diversify their investments can trade with bitcoin and other cryptocurrencies on this platform.

Mortgages:

This is one of the most interesting alternative investments, and with this type of investment, traders can make money by short-selling mortgages issued by several different banks around the world.

Leveraged Options:

Traders who want to maximize their profits by using leverage will benefit from IQ Option's offers on margin trades. These are the only types of trades through which investors can make money without having to invest their own funds.

Pairs Options:

Traders who want to take full advantage of an opportunity in the financial markets can use this type of investment. They work by making two different investments, then predicting if they will increase or decrease in value relative to each other.

How Is The Mobile Application Of IQ Option?

Before you start to trade on your mobile phone, make sure that it has the following features:

Operating System:

IQ Option's mobile application is available for Android and iOS devices. Those who wish to use other types of phones will have to open an account through their website and fund it before they can start trading.

Battery:

Make sure your mobile device has at least half a charge before you start trading to prevent any unexpected problems that could cause the app to stop responding.

Open Source:

Make sure your phone's operating system is open source so that it can access IQ Option's mobile application. If the operating system on your phone is not open source, IQ Option's support staff can help you determine whether or not your device is compatible with the app.

Conclusion:

IQ Option offers its traders access to one of the widest selections of assets in the industry, including stocks, indices, currencies, options, and cryptocurrencies.

With this type of selection, investors can make money by taking advantage of all kinds of opportunities as they arise. The company also makes it possible for new traders to start trading with IQ Option's virtual demo account, which is very useful when it comes to learning how to trade.

Another plus for this company is its competitive trading fees and high payout rates; investors can make up to 91% of the value of their investment on every successful transaction.