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IQ Option

Limassol, Cyprus · CySEC (Cyprus)

Created Jul 1, 2026 · Updated Jul 16, 2026

★★★☆☆3.5· 2 reviews

Payout

Up to 95%

Platforms

3

Min Deposit

$10

About IQ Option

IQ Option launched in 2013 and is headquartered in Limassol, Cyprus. Regulated by CySEC (Cyprus). The platform offers binary options, digital options, forex, stocks, crypto, and ETFs — over 300 assets. Proprietary web and mobile platform (no MT4/MT5). Minimum deposit $10, trades from $1. Payouts up to 95%. Demo account: $10,000 virtual, no expiry. Claims 50M+ registered users. 24/7 multilingual support. Negative balance protection and segregated client funds for EU clients under CySEC. Inactivity fee: €10 after 90 days. Bank withdrawal fee: $31. Not available in USA, Canada, Japan.

Pros

+$10 minimum deposit, $1 minimum trade
+Slick proprietary platform, fast execution, good charting
+Free unlimited demo with $10,000 virtual funds
+CySEC regulated (Cyprus) — EU clients get investor protection
+50M+ registered users, 24/7 multilingual support
+Negative balance protection (EU clients)

Cons

-No MetaTrader 4 or 5 — no algo trading or custom EAs
-Not available in USA, Canada, Japan, and several other countries
-€10 inactivity fee after 90 days, $31 bank withdrawal fee
-No social/copy trading like Pocket Option

Community Reviews

2 total
EElena V.★★★★☆

Great for CFD trading, solid mobile app

I trade mostly CFDs on IQ Option now, not binary. The spreads are tight on major forex pairs (EUR/USD around 0.2 pips during London session). Platform is very stable, never crashed on me. The mobile app is probably the best I have used — charts are responsive and you can do everything from your phone. I do miss the old binary options from before the regulations tightened. Now its mostly CFDs and forex which is fine but not the same excitement. Withdrew 500 via bank transfer, took 3 days. No complaints about the money side of things.

7/21/2026

KKai　田中★★★☆☆

Not what it used to be, but still functional

Used IQ Option back in 2020-2021 when they were the biggest name in binary. Came back recently to see if its still good. The platform looks better now but the regulatory changes mean less leverage and fewer instruments for some countries. Forex payouts are around 80-85% which is okay but not great. The real problem: they pulled out of several regions including parts of Europe and Asia. If you can access it, its a decent platform — just not the dominant player it used to be. Withdrawal to Skrill took 1 day.

7/18/2026

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