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iq option-1341676778120

iq option-1341676778120 WikiBit 2023-07-25 13:48

IQ Option is a virtual currency exchange company based in Cyprus. It was founded in 2013 and is regulated by the Cyprus Securities and Exchange Commission (CYSEC). IQ Option offers a wide range of cry

Aspect Information
Company Name IQ Option
Registered Country/Area Cyprus
Founded year 2013
Regulatory Authority Unregulated
Cryptocurrencies offered/available 26 cryptocurrencies
Maximum Leverage 1:1000
Trading Platforms WebTrader, Mobile App
Deposit & Withdrawal Credit/debit cards, bank transfers, e-wallet
Educational Resources Video tutorials, FAQ, community
Customer Support 24/7 live chat, email support

Overview of iq option

IQ Option was founded in 2013. Despite not being regulated by any authoritative body, it has grown quite rapidly. In 2014, there were just under 1 million users with this broker. By 2020, the brand had over 40 million registered users. Additionally, trades over that time period increased 800%, with IQ Option hitting a trade volume of $290 million per month in 2020. Traders also withdrew $20.375 million from the platform in 2020.

IQ Option has also raked in the awards, including recent accolades such as:

  • “Most Innovative Trading Platform Globe”- International Business Magazine(2023)

  • “Excellence In Forex Trading Platform Global” –Global Business Review (2022)

  • “Best Trading Platform” –FX Daily Info (2022)

What is iq option?

IQ Option is a prominent online trading platform that provides individuals with the opportunity to engage in various financial markets, including forex, stocks, cryptocurrencies, commodities, and more. One notable feature of IQ Option is its maximum leverage ratio of 1:1000, which allows traders to potentially amplify their positions and enhance their potential returns.

IQ Option provides users with a user-friendly trading platform, called WebTrader, which can be accessed through their website. They also have a mobile app available for both iOS and Android devices, allowing traders to conveniently manage their accounts on the go.

In terms of deposit and withdrawal options, IQ Option offers a variety of choices, including credit/debit cards, bank transfers, and e-wallets such as Skrill, Neteller, and WebMoney. This provides flexibility and convenience for users to manage their funds efficiently.

One notable aspect of IQ Option is their focus on providing comprehensive educational resources for their users. They offer extensive educational materials, video tutorials, webinars, and even a free demo account. This allows traders to practice and improve their trading skills before investing real money.

IQ Option also prides itself on offering reliable customer support, which is available 24/7. Users can reach out to their multilingual support team through live chat, email, or phone to receive assistance whenever they need it.

Overall, IQ Option is a reputable virtual currency exchange that provides users with a user-friendly trading platform, a wide range of deposit and withdrawal options, valuable educational resources, and reliable customer support.

Pros and cons

Pros of IQ Option

Fast-Growing Brand: IQ Option is one of the worlds fastest-growing online trading companies. Traders who want a company with some staying power in the industry will approve of this broker, as it has been around for nearly a decade. IQ Option now has around forty-million members, according to its website. This is a broker with a footprint, to say the least.

Various deposit and withdrawal options: IQ Option offers a variety of choices, including credit/debit cards, bank transfers, and e-wallets such as Skrill, Neteller, and WebMoney. This provides flexibility and convenience for users to manage their funds efficiently.

Good customer support: Coinsbit offers 24/7 live chat and email support, providing users with assistance and guidance whenever they need it.

Abundant educational resources: IQ Option offers extensive educational materials, video tutorials, webinars, and even a free demo account. This allows traders to practice and improve their trading skills before investing real money.

Access to Historical Quotes: IQ Option allows its traders to view historical quotes on exchange rates of financial instruments (currency pairs, etc.) over time. You can download this information, using it to test and apply different analyses and strategies.

Cons of IQ Option

Unregulated: IQ Option operates without strong regulatory oversight from recognized authorities, potentially raising concerns about user protection.

Few assets: Unfortunately, IQ Option does not offer the widest variety of assets for you to trade with. At the moment this review was written, it only has a total of 260 in stock, ETFs, Forex, commodities and



Lack of Cryptocurrency Rewards: The platform may not offer cryptocurrency rewards or incentives for users, missing out on this growing trend.

Limited range of cryptocurrencies: IQ Option provides only around 26 different types of cryptocurrencies. This can potentially restrict traders' choices for diversifying their investment portfolios

Inactivity fee: If you dont use IQ Option for three months you will be charged a monthly inactivity fee of $/£/€10.

Pros Cons
Fast-Growing Brand Unregulated
Various deposit and withdrawal options Lack of Cryptocurrency Rewards
Abundant educational resources Limited range of cryptocurrencies
Good customer support Few assets
Access to Historical Quotes Inactivity fee

Regulatory Authority

Coinsbit is not regulated by any regulatory authority, which may raise concerns about the transparency and oversight of the exchange. As a result, the regulatory situation of Coinsbit remains unclear, potentially exposing users to risks associated with unregulated exchanges.

Unregulated exchanges lack the oversight and legal protections provided by regulatory authorities. This can lead to a higher risk of fraud, market manipulation, and security breaches. Without proper regulation, users may also face challenges in seeking recourse or resolving disputes. Additionally, the absence of regulatory oversight can contribute to a less transparent trading environment, making it difficult for users to assess the legitimacy and reliability of the exchange.


The security measures of IQ Option include various protection measures to safeguard user accounts and funds. They use SSL encryption technology to ensure secure communication and protect users' personal and financial information. Additionally, IQ Option implements strict security protocols and firewalls to prevent unauthorized access to their systems.

In terms of user feedback, IQ Option has generally positive reviews regarding its security measures. Users appreciate the encryption technology and the multiple layers of security implemented by the platform.

Furthermore, IQ Option emphasizes the importance of user education and provides resources on their website to educate users about cybersecurity best practices and how to protect their accounts. This highlights their commitment to promoting security and empowering users to take control of their own safety.

Overall, IQ Option takes security seriously and invests in protecting their users' accounts and funds. While no system is completely immune to risks, IQ Option's security measures and user education efforts contribute to creating a safe trading environment.

Cryptocurrencies available

Currently, IQ Option offers a total of 26 cryptocurrencies including the most popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and more. Among these are leveraged cryptocurrencies.

How to open an account?

The registration process of IQ Option is simple and straightforward. Here are the six steps:

1. Visit the IQ Option website and click on the “Sign Up” button.

2. Enter your email address and create a password for your account.

3. Read and accept the terms and conditions of IQ Option.

4. Provide your personal information, including your full name, date of birth, and country of residence.

5. Verify your email address by clicking on the verification link sent to the email provided.

6. Complete the account verification process by submitting the necessary identification documents as per KYC (Know Your Customer) requirements.


IQ Options itself does not charge direct fees for trading (selling or buying) assets, but there is a spread between the purchase and the sale price favouring IQ Option. This amount varies depending on the asset you are trading.

IQ Option Spread Examples:

Assets Min spread
Amazon stock CFDs 0.09%
Apple stock CFDs 0.1%
Coca-Cola stock CFDs 0.212%
BTC 0.3%
XRP 2.039%
ETH 1.512%
LTC 1.02%
DASH 0.086%
BTH 2.066%
Check for more information about trading fee>>

Note: The spread may vary depending on market conditions and liquidity. Under certain circumstances, the spread may be higher or lower than the level shown in our table.

Please also note that overnight funding may be charged for holding open positions. If you keep any open position after the market closes, you will have to pay a financing fee; this is around 0,01% and 0,6%, but it can go as high as 1,7% of the value of your position.

In additon, a fee of 2.9% will be charged if you open a 'long' cryptocurrency position. For example, if you invest $10 to buy the equivalent in Bitcoin, you will be charged $0.29 for opening the position (or 2.9% of $10). There are no fees for currency exchange, as long as you make your deposit in your accounts currency (Euro, Pounds or United States Dollars).

Inactive Account Fee

There is a 'Dormant Account Fee' with this broker. While some brokers only require that you log in to your account to keep it active, IQ Option charges a fee if an account is inactive for 90 days. If no trades are opened, pending, or executed within 90 days, your account will be charged the €10 fee. The same amount will also be charged monthly afterwards if your account remains dormant.

Trading IQ Options itself does not charge direct fees for trading (selling or buying) assets, but there is a spread between the purchase and the sale price favouring IQ Option. This amount varies depending on the asset you are trading.
Overnight fees If you keep any open position after the market closes, you will have to pay a financing fee; this is around 0,01% and 0,6%, but it can go as high as 1,7% of the value of your position.
Inactivity fees If your account is inactive for over 90 days, you will have to pay an inactivity fee of $/€/£10 a month.
Other fees To trade with cryptocurrency CFDs there is a 2,9% fee on the traded amount.There are no fees for currency exchange, as long as you make your deposit in your account‘s currency (Euro, Pounds or United States Dollars). They also don’t charge to withdraw funds from your account, unless you decide to withdraw funds via a bank transfer.

Deposit & Withdrawal

IQ Option offers a variety of deposit and withdrawal methods for users. Some of the deposit methods available include credit/debit cards, bank transfers, and e-wallets like Skrill, Neteller, and WebMoney. These options provide flexibility and convenience for users to fund their accounts.

Deposits on IQ Option are free of charge.The minimum deposit required to open an IQ Option Account is $10 USD/350 THB/10 EUR.

While you won't be charged for opening an account with IQ Option or making a deposit, it's important that you submit your identification verification documents as soon as possible after you've opened your account. If you don't submit them within 15 days after making your first deposit, all your funds (minus profits) will be returned to your account. If your balance is above €5 then you don't need to worry, but if it's below €5 then you'll be charged a fee of up to €5.

Method Min. amount Commission
Kasikorn Bank / QR 350 THB10 EUR10 GBP700 RUB10 USD 0%
Siam Commercial Bank / QR 350 THB10 EUR10 GBP700 RUB10 USD 0%
Krung Thai Bank / QR 350 THB10 EUR10 GBP700 RUB10 USD 0%
Mastercard&Visa Card 350 THB10 EUR10 GBP700 RUB10 USD 0%

IQ Option makes 2 live trading account types available, IQ Option Real and IQ Option VIP.

IQ Option Account Real VIP
Minimum Deposit $10 USD Account available to clients that deposit significant amounts.

The processing time for deposits on IQ Option is generally instant or takes a few minutes, depending on the payment method used. However, the processing time may vary based on certain factors, such as the user's bank or payment provider.

IQ Option charges a second withdrawal fee of 2%. This applies to the second, not the first, withdrawal a client makes each month. This fee is fixed.

Educational Resources

IQ Option provides a range of educational resources and tools to support traders in their journey. They offer trading guides, video tutorials, and webinars that cover various topics, such as trading strategies, market analysis, and risk management. These resources aim to improve traders' knowledge and skills, empowering them to make informed trading decisions.

Additionally, IQ Option has a community support system that includes forums and social media groups where traders can interact with each other, share insights, and discuss trading-related topics. These platforms provide opportunities for traders to learn from others, engage in discussions, and stay updated with the latest developments in the trading community.

It is important to note that the availability and extent of these educational resources and community platforms may vary. Users are advised to check for video tutorials or FAQ for detailed information about the educational resources and tools available on the platform.

Customer Support

IQ Option provides customer support to assist traders with their inquiries and concerns. The customer support team is available 24/7, allowing traders to seek assistance at any time.

To contact the customer support team, traders can utilize various channels, including live chat, email, and phone support. These channels provide convenient options for users to reach out and receive prompt responses to their queries. Users who have any questions can contact email for more

Exchange Comparison

Exchange Binance Huobi IQ Option
Fees 0.012%-0.10% 0.2% SpreadBitcoin CFDs 0.3%
Cryptos Available 350+ 700+ 26
Payment methods bank transfers, credit/debit cards, and even peer-to-peer trading options for some regions. bank transfers, credit/debit cards, and other localized payment options based on the user's region. link bank accounts for easy transfers, and credit/debit cards can also be used for instant purchases

Is iq option a Good Exchange for You?

Trading groups can be beneficial for traders using IQ Option as they provide a platform for sharing insights, discussing strategies, and staying updated with the latest market trends. These groups can be suitable for different target groups based on their trading goals and interests.

1. For novice traders, joining beginner-friendly trading groups can be helpful as they offer educational resources, guidance, and support from experienced traders. These groups often focus on teaching the basics of trading, introducing trading strategies, and sharing tips for risk management. Novice traders can benefit from the knowledge and experiences of more seasoned traders in these groups.

2. For experienced traders, advanced trading groups can be a good fit. These groups typically focus on in-depth market analysis, advanced trading techniques, and discussions about complex trading strategies. Experienced traders can exchange ideas, share advanced trading strategies, and explore new trading opportunities with like-minded individuals.

User Review

User 1

I've been trading on IQ Option for over a year now, and I'm really impressed with their user-friendly interface. The platform offers a wide range of cryptocurrencies to trade, and the fees are quite reasonable. Their educational resources have helped me improve my trading skills, and I appreciate the privacy measures they have in place. I've had no issues with withdrawals, and the responsive customer support is a big plus.

User 2

I had a mixed experience with IQ Option. On the one hand, their trading interface is smooth and easy to use, and I liked the variety of assets, including stocks and cryptocurrencies. However, I found their fee structure confusing at times, with different charges for different types of transactions. Also, their customer service response time can be slow, especially during peak trading hours. It's worth being cautious and reading their terms thoroughly before diving in.


In conclusion, IQ Option is a popular virtual currency exchange that offers a simple and straightforward registration process, competitive trading fees, a variety of deposit and withdrawal methods, and a range of educational resources and community support.

IQ Option has a modern and intuitive interface, as well as decent Android and iOS (iPhone) apps. Opening an account is easy and can be done 100% online. Their customer support team is usually fast, and spreads are competitive and on a par with other platforms.

The main disadvantage is probably that they dont have as many assets to trade with as their competitors.


Q: What are electronic wallets and how do I use them?

A: Electronic wallets are intermediaries through which you can withdraw your funds to a bank account. They are very fast, safe, efficient and simple to use systems. Their use is similar, since they perform the same service for several different countries. At the moment we work with Neteller, Skrill, Webmoney, Advcash and PerfectMoney. Their sites can be easily found through a quick Google search.

Q: How much money can I make on the practice account?

A: You cannot profit from the trades you make on a practice account. On a practice account, you receive virtual funds and make virtual trades. It is designed for training purposes only. To trade with real money, you need to deposit funds into a real account.

Q: How to start trading?

A: If this is your first time using our platform and if you don't have much experience, you can start with our video tutorials. You can practice on your practice balance and then continue trading with real funds.

Q: What is the best time to trade?

A: The best time to trade depends on your trading strategy and some other factors. We recommend that you pay attention to the market timetable, as the overlap of the American and European trading sessions makes prices more dynamic in currency pairs such as EUR/USD. You should also keep an eye on market news which could affect the movement of your chosen asset. Inexperienced traders who don't follow the news and don't understand why prices fluctuate are better off not trading when prices are very dynamic.

Q: How long does it take for the boleto I have paid to be credited to my account?

A: Boletos are processed and credited to your trading account within 2 business days. Please note that we have different types of boleto, but all of them are processed within 2 business days. Remember: business days are only from Monday to Friday.

Q: How long does it take for the deposit I made by bank transfer to arrive in my account?

A: The standard maximum time limit for bank transfers is 2 business days, and it can take less. However, just as some boletos are processed in less time, others may need all the time of the term. The most important thing is to make the transfer on your own account and place a request through the website/app before making the transfer!

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.


The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

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