Is IQ Option a Scam? Read This Brutally Honest Review

But for traders who want to use automated trading software, they better look elsewhere as IQ Option does not support this at the time of writing. For dormant accounts, IQ Option charges $50 or the equivalent in other currencies per month, on the condition that the client has available funds to pay. This is only charged whenever the account has been inactive for ninety consecutive days. Also, if a client has failed to provide accurate and appropriate documentation to verify their account after 15 days of their first deposit, there is a verification account closing fee. In this case, all of the client’s funds are returned to the client, excluding profit.

The new IQ option platform is rather interesting and provides users with a slew of benefits that the old WebTrader did not have the capabilities of providing. The company has managed to win about 14 awards over the past 10 years, each of them for either unique years of operation or from unique award ceremonies. The fact that the company has this many awards for their trading practices, for their software, the trading platform, and customer support.

If you’d like to read more comprehensive information about multi-country brokers please refer to our best forex brokers guide. With an overwhelmingly positive reputation based solely on user reviews, it is not surprising the majority of independent reviews were complimentary of the platform. So clearly the platform’s team has been working hard to ramp up its game in terms of end user support, adding no less than 74 new support team members in the ensuing years since their launch .

Mobile Apps

It might be perceived as casino only if the iq option broker reviewroach to trading is unstructured. Spread may depend on the market situation and volatility of the asset. It is risky, indeed, very risky and we always tell it to our clients. You’re welcome to check the “IQ Option in Numbers” page anytime. The data is updated promptly and shortly we’ll post the most recent figures.

It https://traderoom.info/ a large chart which is a great help for traders who wish to monitor the market conditions. Margin trading is also available for certain instruments. Those afraid to risk real money on trading will be glad to learn that IQ Option has an unlimited, free demo account. Upon opening the account, it is loaded with $10,000 in virtual dollars for trading on 400+ assets.

“Best online trading broker”

We hope that this analysis has been useful and helpful. IQ Option allows cryptocurrency trading on its trading platform in South Africa. Even though the cryptocurrency brokers are not licensed under institutions such as FSB, it is legal in South Africa to trade cryptocurrencies. The broker offers over 10 cryptocurrencies for trading, including Bitcoin, Litecoin, Ethereum, and more. Clients that want to invest in cryptocurrency trading can use leverage up to x100, (T&Cs apply).

Therefore, it is possible that CFDs are not suitable for all investors, since it could lead to the loss of all the capital invested. There are multiple different methods to make a deposit in South Africa. So, you can choose the one most convenient for you. The special crypto CFDs have much higher leverage and much lower spreads than the standard crypto CFDs. For complete info about IQ Option’s forex instruments, take a look at How to Trade Forex with IQ Option – Guide & Review. Iqoptions.eu is not an official iqoption.com website.

It’s been six weeks my bank card was…

We have millions of traders on our platform and they are having successful trades. Your withdrawal is currently being reviewed by the relevant department. There is no exact time when the review will end, but you will be informed as soon as possible. My opinion, while iqoption may technically be legal company, it is practicing shady and unethical activities and should be stopped. Because of these practices people in my country are hesitant to trade on internet.

Overall, IQ Option offers fewer trading account currencies than most other large international brokers. Now our IQ Option review has looked at the different features of the platform, it’s time to look at how to actually make trades. In this category, IQ Option put in a fairly strong showing when it comes to crypto trading, and the platform certainly seems to be committed to offering it as a mainstay. At the time of writing, IQ Option offers trading in Bitcoin, Bitcoin Cash, Ethereum, Dash, Ripple, EOS, Litecoin, Tron, Ethereum Classic, ZCash, Qtum, and OmiseGo. However, it is made clear on the website that IQ Option will review this offering, with plans already in place to offer additional coins in the near future.

Traders of South Africa are provided with the benefit of using tools like take profit and stop loss. While trading forex, traders can participate in the tournaments organised by IQ Option to receive rewards like free participation in a paid contest. However, traders may take a bit more risk to make it to the next level. The broker provides tighter spreads to attract more traders.

In order for all two reasons to be verified, you should consider several topics before starting trading yourself. It is very important to choose the right steps and it is very important to choose the right companion on your journey. The online trading journey is very complex and can be very long as well. This means that it is essential to have the right support and the right path.

IQ Option Review 2023: Key Features & Alternatives

Yesterday I had 10 positions open on Crude oil wti, all of a sudden the market became unavailable and I was not able to sell my positions. This morning the market started working again AFTER a huge drop occurred, and all positions were liquidated . We need to remind you that the Company reserves the right to block the user’s account in case of the breach of the Terms and Conditions. We assure you that we always follow all of our Policies and are expecting the same in return. Your patience and cooperation are highly appreciated.

So you think that the IQOPtion broker is “changing” the price for their advantage? Let us know more about what happened to you with this broker. Hello, you can’T use coins.ph to deposit to IQ Option broker. Check the IQ Option review to see what deposit methods you can use.

This way you don’t have to be in front of your charts at all times. There is only a $10 minimum for deposits, which is very accessible for most people who want to trade on the platform. Their long-standing position in the industry is a plus, though don’t overlook some of the concerns from prior customers, either. This is day 2 of delayed withdrawal processing from IQ option’s end. I sent them separately an email yesterday and responded to their questions but did not provide any update regarding the status of my withdrawal. This is a very disappointing service from their end.

The minimum amount to invest in a single option is 1 USD. Historical quotes are also an invaluable resource when trading, as they can help you to identify any emerging trends or patterns in the market. When trading, ensure you are in the right frame of mind. It is important to fully concentrate on the task at hand, and you should avoid trading when you are feeling stressed or angry as this can have a negative influence on the decisions you make. IQ Option’s unique platform gives you one of the highest profits.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Only the NFA regulated brokers featured on this site are available to U.S. customers. IQ Option offers its propritary trading platform, which is available both as a web-based version and a mobile app, making it accessible to traders on-the-go.

We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have publishedour review process that includes a detailed breakdown of the IQ Option offers. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Customer Support

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. From time to time, people ask us, whether investing with IQ Option is legal. Yes, it is perfectly legal in the most of the world!

• The information for the training of the traders that is provided is related to their values, change and evolution.
• And there is no “right” time to trade cryptocurrencies – they are volatile all the time.
• The IQ Option mobile app is available for both iOS and Android devices and is a handy platform to use when you’re on the go.

This material is not intended for viewers from the European Economy Area countries. Binary options are not promoted or sold to retail EEA traders. In EEA, binary and digital options are only offered and advertised to professional traders. If you are not a professional trader, you can not trade binary and digital options. The IQ Option trading platform also charges a swap fee of 0.01%-0.5% and, in extreme circumstances, up to 1.7% of the face value of the position for keeping a position open overnight. This refers to CDFs on forex, ETFs, cryptocurrencies, and commodities.

• Yes, and THE REAL SIGNALS are absolutely error free.
• The desktop site has an application version for Windows.
• IQ Option will not withhold taxes on the profits you get from their platform.
• I am a beginner and I’ve just signed up with IQ Option.

IQ Option’s services are available to all countries except to the USA, Canada, Australia, Belgium, Israel, Japan, Sudan, Syria, Turkey, and Iran. For more information about the advantages of a VIP trading account, take a look at IQ Option VIP Account Review – 6 Great Benefits. The largest and most liquid market in the world where the main underlying asset is foreign currencies traded in pairs.