IQ Option Scam Or Legit Broker? Honest Review Uncovers Some BIG Concerns


IQ Option is a proprietary platform and you don’t find such a platform quite often. The platform features impressive charts where you can use the Japanese candlestick in addition to some other efficient indicators…

IQ Option Broker Website Screenshot

Conventionally, the binary options industry doesn’t impress with its technical tools and charts, especially the beginners don’t find it easy to speculate through these indicators but that is not the case with IQ Options. The platform has also launched a Crypto-Exchange so that you can trade via Bitcoin. The best feature is that you can deposit as low as $10. On top of that, the platform offers a free Demo account.

It is a unique platform but can you trust it? That’s the real question and this review will walk you through various important factors so that the decision-making process becomes easier for you. IQ Option scam warnings are not frequent, in fact, we failed to find a serious warning issued by any of the regulatory agencies. Let’s see how this platform is serving its clients over the past 6 years.

IQ Option Review Summary

Cost: $250+

Recommended: No (See Our Top Ranked Legit Program Here)

Rating: 0/100

Summary: Upon initially coming across the IQ Option broker we believed that it may have actually been legit, but after discovering some alarming reviews on TrustPilot about people having lost money to IQ Option we quickly changed our mind. We therefore do NOT recommend IQ Option & we believe there are much better legitimate ways to make money than trading with binary options.

Quick Navigation

We have conducted a thorough investigation into IQ Option & as a result this review could be likely to get quite lengthy, so to make things easier for you we’ve put together some quick navigation links below:


IQ Option Background

One of the most prominent binary options brokers, IQ Option Europe Ltd. was established in 2013. The headquarters are situated at Yiannis Nicolaides Business Center, Limassol, Cyprus.

The platform is popular for its service Cryptocurrency and Bitcoin trading services in addition to the conventional trading. The company also operate outside Europe as IQ Option Ltd.

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Overall, the platform has performed well and won the hearts of traders, especially those who love trading in cryptocurrencies. You can easily register with the platform by opting for the free Demo account or even by creating a real account. Beware of the fact that your identity verification documents must be 100% certified to comply with the CySEC regulations. If you want to avail additional privilege then you can opt for the VIP account for $3,000. It offers up to 92% returns if you manage to make a successful prediction.

IQ Option serves its clients with over 15 customer supports centres in different countries. In addition to the live chat and email on the website, you can also opt for the phone call (+44 20 8068 0760).

Is IQ Option Regulated?

IQ Option Ltd. (outside Europe) is registered in Seychelles and its address is Global Gateway 8, Rue de la Perle, Mahe, Seychelles (Registration No. 094224).

IQ Option Europe Ltd. is registered with CySEC (License # 347/14).

So that’s a great news, an innovative, reliable and regulated broker is legally operating in Europe as well as outside Europe complying fully with the respective regulatory authorities. We come across some regulated brokers trying to reach beyond their geographical boundaries only to see their name added to the warning lists. This is not the case with the IQ Option though.

The website is working and frequently updated with new features and updated educational material. Registration is easy and quick, we ran through the process it took no more than a 45 seconds to create a Demo account.

IQ Option Complaints

Some traders don’t like the fact that the platform offers limited options, i.e. High/Low and Call/Put. But we need to notice that most of the traders love using Call/Put so if it is there, what else you need to use?

The truth is that no broker, registered or unregulated, is free from negative reviews. For a platform as popular as IQ Option, negative reviews are usual but after sparing considerable time, we didn’t manage to find any legitimate source that complained against IQ Option.

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Some users, for unknown reasons, try to criticize the difference between the Demo and real account. Well, what can we say about a frustrated argument? Having said that, we did manage to find a couple of potentially serious violations.

  1. IQ Option was fined by CySEC on 30.09.2016 for violating some terms, such as failure to comply with the section 38.
  2. On January 2017, IQ Option managed to convince CySEC authorities and the fine was revoked because the company was actually complying with section 38 and all other terms.

Well, that’s a huge plus in favor of IQ Option because we seldom come across a company dealing in trade industry managing win the debate against legal charges.

IQ Option Withdrawal

As mentioned earlier, IQ Option offers amazingly low minimum deposit, i.e. $10, the minimum withdrawal is also surprisingly low, i.e. $2. Moreover, the withdrawal process requires from 7 to 9 working days.

You need to present your identification docs to ensure that there is no money-laundering going on. If you are using e-wallets then the withdrawal takes just one working day, usually less than 24 hours. Maximum duration, i.e. 7 to 10 business days is required in the case of wire transfer.

Accepted e-wallets for IQ Option include WebMoney, Neteller, and Skrill. Credit Cards from Maestro, Visa, and MasterCard are also accepted for deposits and withdrawals.

Is IQ Option a Scam?

IQ Option is NOT a scam. The platform is performing exceptionally well and it is encouraging to experience a higher level of transparency. No authority has ever issued warning against this platform. Minor issues have already been settled, in fact, the platform was not found guilty even after the initial charge.

Our Verdict on IQ Option

Thumbs DownWe highly recommend IQ Options for various good reasons. The website is up, the support teams are serving in various countries, the company has registered inside and outside Europe, and the withdrawal and deposit bars are surprisingly low. The free demo account is also a big plus. If you haven’t tried it yet, you must give it a go. At least, it will give an idea about what’s going on. All major regulatory authorities have included IQ Option in their good-lists, including Consob, FCA, Bafin, and CNMV. You couldn’t ask for more!

Lost Money To IQ Option? Get It Back!

Since publishing this review we have come across some alarming reviews on TrustPilot which suggest that many people might have been scammed by IQ Option. They have just a 1.5 star rating & they have received a lot of complaints about people losing money.

So if you have come here because you feel you have been scammed by IQ Option yourself then you should check out our free money reclaim guide which shows you what you can do to get your money back.

The guide is entirely free & it has helped thousands of people to date to successfully reclaim their funds from the hands of scammers & we are confident that it will be able to help you too.

You can get access to the guide by clicking here.

A Better (And Safer) Way To Make Good Money

Here at Stopping Scammers we don’t recommend binary options trading in general because we’ve never seen so much as a single person manage to generate consistent profits from it.

In fact we actually believe that binary options trading as a whole is a big scam… But don’t worry, there are still plenty of legitimate (and better) ways that you can make good money online.

In fact there is one particular opportunity that we have come across which has stood out from all of the rest & has received the crown of our number 1 recommendation for working from home.

You can get access to our number 1 recommendation by clicking the link below:

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About the Author:
Hi, I'm Dale, the founder of Stopping Scammers. I fell victim to an online scam many years ago & I launched this website, as a result, to protect others from making the same mistake. I now earn a living working online after discovering a legitimate method called affiliate marketing & I aim to share what I've learned to help others to do the same. You can report a scam here or you can see the legitimate methods for earning online here. I truly hope you find this website helpful.

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