IQ OPTION REVIEW 2020
IQ Option Europe Ltd was founded in 2013 and is headquartered in Cyprus. The broker is regulated by the Cyprus Securities and Exchange Commission (CySEC) to operate the www.eu.iqoption.com domain name. The broker also operates www.iqoption.com which is not regulated. This review is focused on the services provided by the broker’s CySEC regulated arm and will be referred to as just IQ Option.
The broker offers users the ability to trade on more than 345+ tradable assets across Forex, Stocks, Commodities, Cryptocurrencies, and ETFs via CFDs and Binary and Digital Options with the latter only available to professional clients. IQ Option provides users with their own unique, proprietary trading platform that is free to download and use on PC, Mac, Android and iOS operating systems.
IQ option offers a variety of different features suitable for both beginner and advanced traders such as the use of a free demo account, up to date technical analysis via their blog covering a wide variety of asset classes, as well as an economic and earnings calendar for stock traders and educational videos.
“IQ Option Europe Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) and is a member of the Investor Compensation Fund and offers segregated client funds.”
This allows the broker to also provide services to other European Economic Area (EEA) countries.
Over the few short years that it has been operational, IQ Option has won numerous awards praising the quality of its services and its reliability. Today, it has been recognized as one of the leading brokers in the industry as well. To bolster its image as a reliable broker, traders will be pleased to know that IQOption is a regulated broker under the jurisdiction of the Cyprus Securities Exchange Commission (CySEC) under the name of holding company IQ Option Europe.
As a regulated broker under CySEC, this means that IQ Option is also a MiFID compliant broker. In other words, IQOption is permitted to offer its services to clients within the EEA. Another benefit for clients of being regulated by CySEC is the fact that IQOption is also a member of the Investors Compensation Scheme. Under this scheme, each of IQ Option’s clients’ funds is protected up to a maximum amount of 20,000 euros.
But for traders that are outside the EEA, their accounts are managed by a separate sister company called IQ Option Ltd. The company is based in Mahe, Seychelles and is regulated by the Seychelles Financial Services Authority (FSA).
According to the broker’s website, IQ Option offers further protection to clients by:
- Being members of the Investor Compensation Fund.
- Holding client funds in segregated bank accounts.
IQ Option Trade Assets
A wide range of asset classes is available to trade on with IQ Option. This includes CFD trading on Stocks, Forex pairs, ETFs, Cryptocurrencies and Commodities. The broker also offers Binary and Digital Options trading on different markets but this is only available to professional clients.
Trading costs such as spreads and overnight funding (swap) rates vary depending on the instrument being traded. For example, when logged in to the broker’s trading platform the spread on EUR/USD is just 1.3 pips.
IQ Option Review Summery
To conclude, IQ Option is currently the top binary options trading platform in the market as far as we are concerned. Their trading conditions are highly legit placing them firmly in the lead among all other binary brokers. All research and tests lead us to believe they are not a scam and value their customers. The feeling of security is backed up by licensing and regulation from CySEC, one of the industries leading regulatory bodies. They are highly visible with several methods of contact as well as a strong social media presence.
Equally impressive is their payout and rebate ratios, again unbeatable among their fellow competitors. If that wasn’t impressive enough then their low minimum deposit requirement and minimum trade amount, a known complaint with other brokers should surely seal the trading deal.
With a technically advanced trading platform and an excellent mobile trading offering along with an extensive range of assets, they are committed to providing their customers with a high level of customer service and support when they need it. All of these factors mean that when it comes to binary options brokers, they certainly get our vote.