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The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.
License Type:Market Making(MM)
Regulated in Country/AreaCyprus
Regulatory License No.：247/14
Email Address of Licensed Institution :email@example.com
License Type:No Sharing
Website of Licensed Institution :
Expiry Date :--
Address of Licensed Institution :Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol
Phone Number of Licensed Institution :+357 25 281 641
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General Information& Regulation
IQ Option, managed and owned by the company IQ Options Europe Ltd, is a financial services provider founded in 2013 and headquartered in Cyprus. The company is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) (License No. 247/14).
IQ Option offers investors a range of financial instruments, including Forex, stocks, cryptocurrencies, commodities, indices and ETFs.
IQ Option has two account types for investors to choose from, namely the Standard Account (the minimum deposit of 10 USD) and the VIP Account (the minimum deposit of 1,900 USD). Of these, the VIP Account will grant the account holder additional trading benefits such as free participation in trading promotions, an additional 3% return and the services of a personal manager.
Leverage & Spreads
Users can trade 25 currency pairs with IQ Option. According to the official website, IQ Option offers leverage of up to 1:1000, the credibility of which is open to question. In addition, the trader offers variable spreads. According to the official website, the spread of EUR/USD is 0.6 pips, while the spreads of AUD/USD and GBP/USD are 0.9 pips and 1.7 pips respectively.
IQ Option charges certain fees for different trading services. First, IQ Option does not charge a commission for most trades, except for cryptocurrency trades where a commission of 2.9% is charged. Secondly, swap fees range from 0.1% to 0.5%, with these fees being three times higher for positions opened on weekends. Finally, if the account is left idle for 90 days, the company will charge a monthly fee of 10 GBP (or currency equivalent) until the balance reaches zero.
IQ Option has a self-developed trading platform that provides traders with a range of tools, including multiple chart layouts, technical analysis, economic calendars, stock filters, historical quotes, volatility alerts and market updates. The platform runs on both computers and mobile devices.
Deposit & Withdrawal
Clients can make deposits/withdrawals through a variety of methods, including credit/debit cards, bank wire transfers, electronic wallets, etc. In most cases, IQ Option does not charge any fees for withdrawals, but does charge a fee of 31 USD (or currency equivalent) for bank transfers.
To ensure that traders get the help when they need it, IQ Option offers 24/7 support services. Customers can contact the support team via email, live chat or phone. For the benefit of traders whose native language is not English, IQ Option also translates their website into over a dozen different languages.
Due to local laws and regulations, IQ Option is unable to operate in the United States, Canada or Australia, so traders from these countries are currently unable to open accounts.
The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.
Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.
Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.
Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.