Read our in-depth IQ Option review and find out everything about this broker. Is IQ Option regulated? Where is it based? What is leverage? How can you deposit? All this and much more find out in our review.
| Regulated by:none |
| Headquarters Country: Saint Vincent and the Grenadines |
| Foundation year:2013 |
| Supported Platforms:web trader |
Regulation and Security
IQ Option is a broker owned by IQOPTION Ltd. The company is registered in Saint Vincent and the Grenadines. The broker has no regulation for its work. However, the company seems to be offering its services to countries all around the globe.
The company claims to follow AML policy. However, when we tried to find out more about funds security, we were unable to. Nowhere is listed where the funds are held.
We find the company slightly untransparent when it comes to key information. After we found that it is not transparent and not regulated, we can only conclude that this broker is not safe to trade with.
In which countries does this broker work?
The broker is operating all around the world except for the US. No matter if you are a resident of Australia, Europe, Africa, you can trade with this broker. But yet, the broker has no regulation whatsoever, so you have to be very careful when starting the account with it. The company offers support in 15 different languages, including Russian, Italian, Malay, etc.
We advise you to be very careful when opening an account with this broker since it has no regulation.
Can You Really Make Money With IQ Option?
IQ Option is a binary options broker, with a decent offer of CFDs. It is possible to make money with this broker if you have experience in the financial market. The broker is offering a solid range of educational features for inexperienced traders.
The company doesn’t have a guaranteed Stop Loss feature or One-click execution that makes it faster and safer for traders. Also, this broker is a Market Maker, which means it can change prices according to its free will.
However, the problem with most unregulated brokers is not to make the money. It’s to withdraw the money. And this is where we are lacking information about IQ Option broker.
Deposit & Withdrawal
The minimum deposit with this broker is 10$. It can be made via debit/credit card and E-wallets. There is no commission for deposits, and the funds are in the account within a few minutes.
When it comes to withdrawals, the company is charging 2% from the amount, limited up to 30 USD/EUR per withdrawal. The minimum amount for withdrawal is 2 USD. It can be done via debit/credit card, wire transfer, and E-wallets. It is stated that withdrawals take up to 3 business days. Yet, if you read the disclaimer, withdrawals to your card can take up to 21 days. And if you read the terms & conditions, it is stated that wire transfer can take up to 45 days. Seems that the more you are reading, the longer it takes for your money to be processed.
Also, the company is keeping the right to offer you only some of the payment methods, depending on the level of verification of your account and the country you are coming from.
Yet, there is no certainty for withdrawals with this broker, since it is not regulated. We recommend you look for a broker regulated by major regulatory bodies.
Is my money safe with IQ Option?
Nowhere in IQ Option terms and conditions, we were not able to find where the funds are held. Are they segregated from the company’s funds as they should be? In which banks are they kept? No answer. The only thing we got – the company is strictly following AML policy.
Based on the lack of information, we cannot guarantee that your funds are safe with this broker. If you lose the money, there is no regulatory body that you can go to. We do not recommend keeping your funds with this broker, because it is not legit.
Scammed by IQ Option? What to do?
If you have any complaints about this broker, or you got scammed by IQ Option, contact us immediately. We can help you request a chargeback and get your money back, as of today. Get in touch with us now!
Is IQ Option a good broker?
IQ Option is an offshore broker without a license. We cannot say that it’s a good broker based on this.
Is IQ Option A Scam?
This broker is based in Saint Vincent and the Grenadines. Also, has no regulation by any regulatory body. We advise you not to open an account with IQ Option.
Is IQ Option regulated?
No. The broker is based in an offshore country and not regulated.
Where is IQ Option broker based?
The broker is based in Saint Vincent and the Grenadines.
Is IQ Option a legit online broker?
IQ Option is an unregulated offshore broker. Based on this, we cannot say that it’s legit. Make sure to check if it is permitted in your country
Does IQ Option give real money?
IQ Option is a broker that gives traders a chance to make money. A different question is if you can withdraw that profit. There are no guarantees since the broker is not regulated.
