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IQ Option Review: Pros and Cons You Should Know About

IQ Option is a binary options trading broker that offers trading in various assets, including stocks, indices, commodities, and currencies (forex). The platform offers over 100 assets and provides traders with a wide range of trading opportunities. That’s why we’re doing an IQ Option review with pros and cons!

The broker is regulated by CySEC and offers traders a wide range of trading instruments. Founded in 2013, IQ Option uses a platform for binary options trading which has been around for almost 10 years now.

With almost 50 million users registered and 1 million trades per day. Winner of awards like The Award of Excellence in 2017. IQ Option is one of the top binary options brokers on the market today. The broker has been approved by many retail traders and many established companies in the financial market are doing IQ Option reviews and rating it 9/10 most of the time!

laptop on a desk with a trading chart

What is IQ Option?

IQ Option is a binary options trading platform that offers various trading types, assets, and instruments. You can find four major categories of binary trades in their platform: Up/Down, Touch/No Touch, In/Out, and Range.

The platform offers retail traders the opportunity to trade on global indices, commodities, stocks, currencies, cryptos, and precious metals. Traders can trade in both the traditional way using common binary options with a call or put. Or they can trade in a more advanced way using the “exotic” options.

Pros and Cons

There are many benefits of trading with IQ option. One of the biggest benefits is that it is not necessary to be a professional trader in order to trade with them. It also has some of the lowest trading fees available for those who are looking for an affordable option.

The downside is that there are also some complaints about customer service and slow withdrawal times, but these have been improving as they add more staff and work on their customer service department. IQ options scam aren’t regular, despite this, you can find some people shouting out that it’s a scam based on the bad experience with the slow withdrawal times.


  • Low minimum deposit
  • Low Fees
  • You can use a demo account
  • Leverage of up to 1:1000
  • No restrictions on minimal withdrawal and deposits


  • High spreads on some assets
  • Sometimes can have delays in withdrawing


You should know that IQ Option is one of the first binary options brokers to offer the option of making deposits in Bitcoin. And have gained a lot of worldwide acceptance among retail traders since the trading platform is available for traders from all over the world. Also, you can find it in multiple languages, including English, Spanish, German, French, Russian, and many more.

Like many other platforms, you should notice that the profits will totally depend on you, on your knowledge, and your practice.