Oleg from Ireland

Registered at the short selling broker Skilling, 2 minutes ago.

» Try Skilling you too
69% of retail CFD accounts lose money.
Don't show again

IQ Option Broker Review

IQ Option's start page: Trade what you feel for
Click for larger screenshots

IQ Option offers several trading instruments for online traders that include binary options, forex, crypto, digital options and stock. Traders who opt to go short rather than hold assets for long will find the platform suitable for their CFDs trading. Besides, setting up an account at the platform is easy and fast. In addition, it has amazingly low deposit requirements, thereby allowing traders to start small or try out with low amounts before they put in lots of money. Therefore, if you are looking for a trusted short selling website where you can have smooth trading experience, coupled with lots of resources for training and trading, this is the platform to try. Get started trading with IQ Option by opening a demo account.

IQ Option's website has a Scandinavian design style, clear and easy to use. See our screenshots of various pages of IQ Option in high resolution below. Everything is possible with IQ Option. For instance, you can go short in shares with 5x leverage or buy gold with 10x leverage. Use it either with CFD's or with options - whatever you prefer. The company can also provide immediate withdrawals, something that few other online trading firms can provide. Try the fantastic IQ Option today!

IQ Option Review

IQ Option logo

Overall Rating

9.4/10

Rating Details

10
9
10
9
9
9
10
  • Min. deposit

    €10

  • Platforms

    3

  • Founded

    2013

  • Regulators

    2

  • Country

    Cyprus

  • Commodities/Crypto

    Yes, Yes

  • Stock trading

    Yes

  • Multi language

    Yes

  • Support

    Yes

  • Account currencies

    EUR USD GBP SEK

 

Background

 IQ Option has gone from clarity to clarity, during the last few years. In contradiction to many other short selling brokers, IQ Option is fortunately regulated from all corners of Europe, protecting your assets. If you are looking for one of the best brokers in short selling shares, commodities and crypto with CFDs and digital options, then IQ Option is the place to check. We at Short Selling are impressed by its multi-functional platform that makes trading fast and straightforward for anyone, whether starting or experienced in trading. Its execution speeds are also impressive.

A good number of beginners are not confident enough to start with high amounts. That is why large minimum deposits are usually a significant hurdle for them. Luckily, the £/€ 10 deposit and a minimum investment of £/€1 is an amount that any trader would not mind risking, especially when learning the trade. Besides, there is a refillable free practice account with£10,000 worth of credits for risk-free learning and practice.

As at the start of the year 2020, over 48 million users had registered to the site with over 1.3 million trades per day. This serves to show that many traders trust the operator for their trading needs. According to the company VIP manager Daria Glazko, the broker advocates for independent trading where users are not bombarded with messages of some wonder shares and a false promise skyrocketing future price. Instead, you get a chance to make your own decisions on where to place your money and when to do it.

Their trading app is also good as it allows traders to get detailed overviews of their trading positions and costs with ease. It won the 2017 Award for Excellence at the Communicator Awards. How much would it cost you to hold a position for about four days? That may vary depending on the amount and your share selection. However, you should get such information on the app with ease. If you rather not use an app, you will still access the account via a desktop or mobile browser. However, we would recommend the app for any trader who regularly trades at the site. Do these qualities appeal to you? If they do, sign up for an account at IQ Option
 

Leverage

 For retail clients, leverage goes to as high as 30x. Professional clients get as much as 500x. However, crypto assets only get leverage of 2x due to their volatility. Retail clients cannot trade on digital options in line with ESMA regulations. However, they are free to trade on forex options. On the other hand, EU traders can trade commodities with CFDs and enjoy the leverage of up to 20x. However, pro-European and non-EU traders enjoy a higher leverage of up to 150x.
 

Costs

 At Short Selling, we are glad that the broker is transparent about its fees, which are also quite reasonable. There is no charge to operate an account with the broker. However, if your account is dormant for 90 days, a charge of £10 applies every month after that. Besides, withdrawals using bank transfers attract a charge of £31. This fee is not applied to other withdrawal methods. Traders engaging in crypto trades also incur a commission of 2.9%.

If you hold positions overnight, you may be charged between 0.1% and 0.5% of the amount. However, the cost may go up if you hold the positions over the weekend. You only need to deposit £10 to get started and can invest with as low as £1. These costs and fees are way below what most competitors charge for similar variables.
 

Benefits

 + The platform has an excellent interface that is easy to navigate.
+ There is a wide variety of options to trade.
+ It is regulated by Cysec, one of the leading agencies.
+ There is a demo account for beginners on the platform.
 

Drawback

 - Customers have complained of slow customer support.
- There are several restricted countries.
- It is not on the MT4 platform.
 

Platforms

 
The main trading platform is the website. This site is easy-to-use and is accessible from a mobile browser. IQ Option has optimised the mobile site for use with small screens, thereby allowing traders to go short with options on the go. On the other hand, there is an app for iOS and Android. The app has a similar design but allows for more customisation than the desktop site. Traders who regularly go short with IQ Option will find the app more preferable than having to log through their browsers. Each of the platforms allows traders to trade directly from the charts. You can apply different time frames and get over ten different charts. Discover the fantastic platform from IQ Option today!
 

Support

 IQ Option has provided various methods by which you can reach customer service. They include telephone support, live chat and email support. Since the site works with various nationalities, it has specific telephone lines for different languages and countries, thereby offering multilanguage support. Traders pick the language or nationality that best fits them for a quick response.

The live chat remains the best mode of getting assistance as questions are responded to within one or two minutes and the trader does not have to leave the site. On the other hand, emails take up to an hour or two before one gets a response. At Short selling, we find these wait time reasonable enough and options available satisfactory. From our experience, the customer service personnel are friendly, helpful and have adequate knowledge of the inner workings of the company. Customer support is available around the clock in all the communication platforms.

Before contacting support, you may check for solutions on the help page FAQs. There are questions and answers to popular issues and procedures. Just type the keyword or scroll through the relevant headings for answers.
 

Screenshots

 Otroligt snygg webbplats som du kan se på alla skärmdumparna nedan. Du kommer snabbt att förstå hur man handlar på IQ Option, utan behov av någon djup guide för att förstå dig på sajten.
 

FAQ

 *Is IQOption.com a reliable broker?
Yes, this is a reliable broker. The company is licensed and regulated by CySEC and has had a high trust rating among the users. Besides, for the time it has been in operation, there have not been any serious fraud cases.

*How can traders from EU member countries increase their leverage?
Traders from EU member countries can increase their leverage from 30x to 500x by registering as professional brokers. This way, regulatory limits do not apply to their accounts. Visit IQ.com for details on registering a professional account.

*What are the commodities you can go short selling through options?
You can short sell such commodities as wheat, silver, platinum, crude oil, gold and gasoline.

*Can you register multiple accounts for shorting with options?
No. The platform only allows one account per user. If detected, all the accounts will be blocked for violating this policy.

*How long does it take to withdraw money from your IQ Option account?
You should get amounts you withdraw from the broker within three days. However, this may vary, depending on your location and method selected for withdrawal.No news about IQ Option available.