|Lots of Complaints
WikiFX Score
Cyprus
Comparison
The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!
78003334755
support@iqoption.com
https://www.facebook.com/iqoptioncom/
https://twitter.com/IQOption
Koutsoventi 8, Agios Athanasios, 4101, Limassol, Cyprus
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Single Core
1G
40G
Company Name
IQ Option
Phone of the company
78003334755
Twitter
Customer Service Email Address
support@iqoption.com
Company address
Koutsoventi 8, Agios Athanasios, 4101, Limassol, Cyprus
Pyramid scheme complaint
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The WikiFX cloud system has verified this broker has way too many complaints, and it is in the WikiFX complaint blacklist; please be aware of the risk!
The number of the complaints received by WikiFX have reached 64 for this broker in the past 3 months, please be aware of the risk and the potential scam!
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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.
Current Status:
RegulatedLicense Type:
Market Making(MM)Regulated in Country/Area
Regulatory License No.：
247/14Email Address of Licensed Institution :
compliance@iqoption.comLicense Type:
No SharingWebsite of Licensed Institution :
Expiry Date :
--Address of Licensed Institution :
Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, LimassolPhone 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).
Market Instruments
IQ Option offers investors a range of financial instruments, including Forex, stocks, cryptocurrencies, commodities, indices and ETFs.
Accounts
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.
Fees
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.
Trading Platform
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.
Customer Support
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.
Restricted Areas
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.
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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.
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