IQ Option Review | Is IQ Option a Scam?

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IQ OptionIQ Option – trading platform

Binary options are prohibited in EEA

The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

In this review, I go through the following facts:

  • IQ Option

    YouTube Video: An introduction video for new traders.

  • IQ Option


  • IQ Option

    Testimonials and Success Stories: Real users share their experiences.

  • IQ Option

    Trading: How and what to trade with IQ Option.

  • IQ Option

    App: How to use and get the most out of the app.

  • IQ Option Is It a Scam?: My full fraud investigation report and results.
  • IQ Option Auto Trader: Can you use the binary option robot auto trader with this broker site.
  • IQ Option US traders: This broker site does not currently accept US traders. I will tell you why and what your options are if you reside in the United States.
  • Conclusion: Including the overall rating

How to trade on IQ OptionHow to trade on IQ Option

IQ option review


  • $10 Minimum deposit: This is the minimum deposit to start binary options trading. You do not have to make a big investment.
  • $1 Minimum trades: Again, you do not have to be a millionaire to be able to gain money by trading stocks or currencies; you can start with small amounts and climb up the ladder at your own pace.
  • Web-based interactive education system
  • Over 500 assets to trade
  • Totally FREE demo account: If you want to start even more carefully, you can first trade with a demo account.

Binary options are prohibited in EEA

Claim these outstanding offers and start trading with IQ Option by filling in the form below.


Important Information in a Nutshell

  • Regulation: CySEC
  • Legal Entities:IQ Option consists of two legal entities: IQ Option Europe Ltd. is registered at Cyprus and is regulated by CySEC, and IQ Option Ltd. which is registered at Seychelles, this entity is not regulated.
  • Minimum deposit: $10
  • Minimum exercise price: $1
  • Maximum option price: $5,000
  • Yield: Upto 92% in case of correct prediction
  • Deposit/withdrawal methods: Credit Card, Wire Transfer, Skrill, Neteller, Boleto, Qiwi, WebMoney, iDeal, Fasapay, Sofort
  • Assets: Currency pairs, stocks, indices and commodities
  • Number of assets: 500+
  • Countries: We accept all countries except USA, Canada, Australia, Belgium, Israel, Palestine, Japan, Russia, Turkey, Syria, Sudan, North Korea and Iran. Users from following countries can not trade from the iOS mobile application: Malta; Android application unavailable for: Malta, Myanmar, Liechtenstein, Cuba.
  • Demo account: Yes, free of charge, no time limit
  • Mobile application: Android, iOS
  • Trading platform: Web-browser and standalone app
  • Support: 24/7
  • Support languages: English, Russian, Turkish, German, Spanish, Portuguese, Chinese, Swedish, Korean, French, Italian, Arabic, Hindi
  • Founded: 2013
  • Withdrawal: 1 working day

IQ OptionIQ Option – how to use

There are currently hundreds of binary options brokers, with new ones appearing on the market almost daily. This is great for customers. As companies try to compete against each other, there is an almost endless number of choices with  special features.

One thing that many brokers have been overlooking is existing customers; the goal has only been to get new customers, which has led many customers, after making their first deposit, to go to other broker sites or to stop investing in binary options completely.

But this is where IQ Option is completely different to its competitors. A perfect example of this is a $10 minimum deposit and a $1 minimum investment, which shows that they are openly welcoming those investors who want to start cautiously or who cannot afford to invest larger amounts of money.


IQ Option currently has 77 different trading assets available. These include:

  • Stocks. Shares of over 50 major companies. such as GazpromDaimlerBarclaysApple and Rosneft.
  • Indices. Most traded indices including FTSE 100DAX, Nikkei-225, CAC 40Dow Jones and S&P 500.
  • Commodities. Gold and silver.
  • Currency pairs.
  • All the most commonly traded currency pairs including EUR/USD, GBP/USD, AUD/CAD, EUR/JPY, USD/CHF and many others.
  • Bitcoin: This option is only available on a few binary options broker sites.

New IQ Option platform v4.0

Account Types

There are three different types of accounts available to you, including two account types that are for real money trading:

Demo account:

  • Practice trading for free
  • Does not use real money

Real account:

  • All 500+ trading assets available
  • Start with as little as a $10 minimum deposit
  • You can participate in trading competitions
  • Full access to trading opportunities
  • Fast withdrawals (within 3 days)

VIP account:

(You will get access to VIP if you deposit more than $3,000)

  • All 500+ trading assets available
  • Full access to trading opportunities
  • You can participate in trading competitions
  • Personal manager

I personally recommend starting with a VIP account from the beginning.


What Does This Mean To You?

You can choose from a wide variety of deposit options. The current deposit methods are Credit Card, Skrill, Neteller, Boleto, Qiwi, WebMoney, iDeal, Fasapay, Sofort: “or you can use the following methods: Skrill, bank wire transfer, WebMoney, QIWI, Yandex Money, PayPal, LiqPay, and Moneta”


Trading Amounts

The minimum investment of $1 per trade is the lowest in the industry. This makes it possible to start investing, with real money. As the minimum investment is so low, I recommend opening a real money account from the beginning.

The maximum investment of $5,000 per trade is sufficient even for “high-roller” investors who are willing to take big risks in order to obtain high yields. For example, by setting a number of $5,000 trades in a row, you can raise the stakes as high as you want.

Trading Platform

IQ Option uses its own trading platform, a fresh change from the SpotOption platform which is used by almost all the major broker sites, including Banc de Binary, and GOptions. Unlike some competitor sites, the possibility of inadvertently setting the wrong investment is not possible. The platform has many unique features, which are specially designed to make it simple and easy to use.

In order to test the platform with a beginner, we asked our secretary if she could master the platform. Our secretary does not have any previous experience with binary options. We gave her 15 minutes to learn, after which we came back to check the situation.

When we came back, she told us that 15 minutes was more than sufficient. She was very familiar with all the main features after a couple of minutes. She also told us that she had never been interested in investing; though, after the experiment, she decided to start actively learning about investing with IQ option. In conclusion, there is no better way to start.

Trading Platform

Trading Platform

The trading platform includes the following unique features:

  • Real-time asset price movements: You can follow price changes of desired trading assets through real-time charts.
  • Technical analysis panel: You will find various analysis tools on the technical analysis panel. I will tell you more about these in the trading pattern section of this article.
  • Possibility to use a variety of charts: In addition to the more commonly used tick charts, you can also use candlestick charts.
  • Trader’s choice indicator: Here you can directly see which investment alternative (“put” or “call”) is more popular, as well as the percentage of investors that have chosen each alternative.
  • Top trader’s stats and best deals: You can quickly and easily see how much the best investors made profit and how;
  • Relevant financial news: You no longer need to look through all the news from various sites, you can see it directly through the trading platform.

Option Types

The investor can have the option expire in 60 seconds, or more cautiously select an expiration time, such as 30 minutes or even 24 hours. However, they are also much risky than longer maturity options. Profits can be huge, but losses are also frequent.

IQ Option – The fastest trading tool

Binary Options Tournaments

IQ option offers binary options tournaments*. I have never seen these on any other broker site, so I tried them with great interest. At the beginning, all traders get a tournament balance of $10,000 for their use during the tournament. Winners are determined by their tournament balances at the end, participants with the highest balance win the first place prize etc.

Some tournaments have a guaranteed prize fund, which means that, if participation fees do not cover the whole prize pool, the broker will pay the rest. Some tournaments also have rebuy possibilities, meaning that, if you lose your whole tournament balance, you can rebuy yourself back into the tournament, for the same entry fee and you get a tournament balance of $10,000 again. Tournaments usually last for 30 minutes. By participating in a tournament, you can profit 100 times (sometimes even more) the entry fee.

*Tournaments are subject to Terms and Conditions

Tournament trading pattern:

The average level of the participants in these tournaments is astoundingly bad. With a good trading pattern, these truly are an good way to gain money. Instructions to follow:

  • Always aim to win: The first-place finisher always gets by far the biggest prize. It is therefore not worth aiming for eighth or ninth place, even if these allow you to collect a cash prize. Even if you just have a small chance, try to get into first-place, it is usually worth the risk.
  • It is fine to spend the first few minutes observing the strategies the other participants are using: Watch whether other participants are trying to grow their tournament funds aggressively right from the start or taking a more cautious approach. You can then tailor your own trading pattern accordingly. However, make sure that the leaders do not get too far ahead of you, or it may become hard for you to catch them later on.
  • In the middle of the tournament, you should have a clear picture of what the other participants are doing and what kind of trading pattern you should use: Now, it is time to optimize your trading pattern according to your objectives. If you are the clear leader, do not let others get too close. If you are close to the leader, try to keep them close, so that you can strike before the tournament ends. Also, observe what kind of strategies the tournament leaders are using. If they are too cautious, this will be your chance to take the whole pot, strike more aggressively and try to get into the lead.
  • If the end of the tournament is getting closer, and you are not close to the top, it is time to take some big risks: You have nothing to lose, so it will be a good moment to reach the money by taking big risks. Victory may not be close, but don’t be discouraged. As long as you have money, you have a chance.
  • Analyze your trading pattern afterwards and think of ways you can win more in the future: There is always room for improvement, even if you won. Spend a few minutes analyzing your trading pattern after the tournament is over, it might be extremely beneficial next time.

Trading PatternTrading pattern

Investors have free access to a large number of different technical analysis tools and resources. You can even use these directly through the trading platform. You can easily see the moving trends of trading, and through the technical analysis panel it is almost effortless to make investment decisions based on completed analysis. You do not need any previous expertise to do this.

There is an almost endless quantity of free educational materials for you to use, such as free webinars, ebooks, instructional videos and tutorials. With the help of these extensive materials, you can easily develop your skills and become a much better investor. Below are three examples of tutorial videos that are available for investors.

Trading Patterns for IQ Option Broker

Before we get to the actual strategies, you need to understand the system that they work with.

Japanese Candlesticks:

These are bars in charts depicting the price movements of an asset. They represent the opening and closing of a price range. If the price moves up it will be represented by a green candle. If the price moves down, it will be represented by a red candle.

Trend Lines:

These are lines in the chart which represent price movements and show the corridor within which the price range of the asset is likely to fluctuate. The support lines on the lower side of the chart represent the level from which prices tend to bounce upwards. The resistance level refers to the trend line at the upper side of the chart and it represents the level from which prices tend to bounce downwards. The area between the two trend lines is the trending corridor.

Candlesticks, trend lines and the trending corridor are some of the most popular and effective tools in binary options signal generation.

The Main PatternsThe Main Patterns

1. The Rebound Line Trading Pattern

The aim of this trading pattern is to catch the movement of an asset at the very moment when the price cannot break through the support of the resistance levels. In this trading pattern, when the price reaches the resistance level and the candle closes before this level, the possibility of a rebound is greater than the possibility of a growth. Here, you are better off buying a “put” option.


2. The Three Black Crows Trading Pattern

This trading pattern defines the downward reversal on the uptrend. Look out for an uptrend with several ascending candles in a row. Wait for the reversal of three descending candles in a row. Closing at the third candle is a signal of an uptrend turning into a downtrend.


3. Piercing Line Candlestick Pattern

Here you study the candlesticks carefully and look out for a trend in the price movements. What you will be on the lookout for is the precise moment where you will notice a reversal of a downtrend. Find two candles on the chart one of which closes the price in the middle of the previous one. Wait for the second ascending candle. When a third ascending candle appears it will be a signal of a trend reversal.


4. The Rainbow Trading Pattern

This trading pattern is a little more technical than the strategies above. Here, three exponential averages with different periods are used simultaneously. On the chart, you will mark the first line with a period of 6 in blue. The second line with a period of 14 will be marked in yellow while the third line with a period of 26 will be marked with red.


5. Moving Averages Trading Pattern

This is one of the most popular strategies and it is used extensively in binary options trading where IQ Option is in play. It is used to full effect, profit wise by both experienced and rookie traders. You will use the available technical analysis tools to construct the moving averages indicator.

The period indicates the number of candlesticks selected for the calculation of the moving averages. With this trading pattern employed by IQ Option’s clients, there are four types of moving averages. The difference comes with the method of calculation. The different moving averages are: simple, exponential, weightage and smooth.


6. The Pin Bar Trading Pattern

This is another of the more technical strategies that you can use with IQ Option. It will be used to predict a downward or upward trend with the price of an asset. What are studied here are pin bar candles with tails or spots.

If a pin bar candle has a small body and a long tail, directed upward or downward, there is an imminent shift in the price of the asset depending on the prevailing market conditions. If the tail of the pin bar points upwards, the price of the asset is predicted to move downwards. You will need to predict accordingly in that instant.


7. The Breaking Line Trading Pattern

This IQ Option trading pattern aims to catch the exact moment that a candlestick breaches either the support line or the resistance line. When the candle closes above the resistance line, it is better to buy a “call” option. This is because the chances of the price of the asset rising increases dramatically.

When the candle closes below the support line, the chances of the price falling increases at a very high rate. At this point in the chart, you will buy a “put” option as it is the most favorable. This trading trading pattern is suitable for neutral, upward and downward trends.

8. Alligator Trading Pattern

This trading pattern is rather simple in its application mechanisms. Here, three smooth moving averages are monitored as they move along the chart. They will be displaying different moves and their respective time periods. What is important to note is that with this trading pattern, the moving averages must be of the smooth kind.

This implies that the simple and the exponential moving averages will not work with this trading pattern, at least not with the IQ Option system. This is because the smooth moving averages have very little impact on ripples in the market or fluctuations with very little significance.These moving average lines show the most likely price that the asset will have in the near future if the market is not under any undue influence from unexpected factors either within the asset’s market itself or in the wider global financial markets.

The smooth average lines of the candlesticks are looked at like they are alligator teeth. When the candles open upwards, it is the appropriate time for you to make a trade. This is a signal to execute a “call” option immediately.

When the candlesticks open downwards, it is a signal that the appropriate trade to execute is a “put” option.

When the indicators are twisted like a helix or intertwined in any way, it means the alligator is asleep; this is not the appropriate time to make any trades. Trading at this point may be tempting but the chances of losing your stake here is very high because the next possible move in very unpredictable.

In between the “call” and “put” trades, the indicators will twist again and you should rest your trading for a while.

9. The Bollinger Bands Trading Pattern

Here, the trading pattern is applied with the price chart carrying three lines. These lines are not equal in thickness. Rather, their width will change according to the movements in the market. When an asset’s marketplace is calm, the bands will narrow. When activity resumes, the bands will widen. The rate at which they widen will depend on the intensity of the trading.Should you notice a rapid widening of the bands, you can be sure that there has been a sudden increase in the intensity of trading for that particular asset.

The band at the center represents a smooth moving average which will be carrying something like 20 bars/candles.

Trading binary options is a profitable venture. What you need is the right broker to handle your investment and to guide you to profitability. IQ Option is one of the leading brokers in the binary options marketplace. This can be seen from the deep understanding that they have of the binary options marketplace and the movements of asset prices. As evidenced by the sophistication of the trading strategies, it is how you interpret the price movements that determines the nature of the signals that you get.

Other IQ Option Trading Pattern VideosOther IQ Option Trading Pattern Videos

Local Levels Trading
How to trade binary options
How to set up trading windows on IQ Option
How to use multicharts on IQ Option
Classic Option. New Product By IQ Option!
What is option. Basic terms. How it works
How to trade Classic Options with IQ Option
The Strangle trading trading pattern
How to sell options before the expiration time

Trading Platform

IQ Option AppIQ Option App

The IQ Option mobile app is one of the best that I have ever used. And, I am not the only one who thinks this. At this moment, it is the #1 trading app in 45 countries. One of the most important reasons for its success is the great functional features, which make trading possible anytime and from anywhere. The most important buttons are not too close to each other, so even those with big fingers, like me, will not make incorrect clicks.

The app is basically the normal trading platform in a smaller size, so if you only want to trade with your mobile phone, you can; and you will not miss out on any of the key features. Trading “on the go” is becoming more popular every day, so with this excellent mobile platform, IQ Option definitely has a distinct advantage over most of its competitors. The app can be downloaded from Google Play or App Store or click on the button below to download the IQ Option mobile app now: Binary options are prohibited in EEA

The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

IQ Option App

IQ OptionIQ Option: Is It a Scam?

I have done a full fraud investigation and the outcome is clear: IQ Option is not a fraudulent broker. The following facts prove this without a doubt:

  • It has the best website and the most versatile trading platform in the industry: These cost hundreds of thousands of dollars to make. Scammers would not have these kinds of resources at their disposal.
  • It has operated for several years without any negative comments: Scammers can never fully escape negative comments; a great reputation is a good indicator that the broker is truly honest.
  • It has the lowest minimum deposit in the industry: Scammers usually have one simple goal: to get as much money as soon as possible. There is always a risk that the scam is revealed, after which getting money is extremely difficult.
  • Completely free demo accounts: If you intend to scam, why would you give anything for free? Especially if that would increase the risk of being exposed.
  • Extensive free educational material: If you intend to scam someone, it does not make sense to make it harder by teaching your victims.
  • Fast withdrawals and versatile withdrawal methods: Scammers always try to get money from their victims by any means possible. Therefore, it is obvious that they would not give victims their money back.
  • Awards and distinctions: Scammers do not win prizes from impartial organizations. More about these awards is provided below.

IQ Option – Very Special Broker


IQ Option has received several awards and recognition from multiple sources. This is more proof that they are excellent and honest in their business. The most popular of these awards are the “Most Reliable Binary Option Broker” award and the “Most Innovative Binary Option Broker” award. The judges were the most esteemed and experienced people in the area of investment, from all-around the world. IQ Option competed against other popular broker sites, such as CTOption, Option FM, CherryTrade and Master Option.



I must admit that I am extremely impressed with how professionally IQ Option has dealt with every single detail of their site. They have really raised the bar to a completely new level. At this moment, it is difficult to even imagine that any other broker site would get even close to them as a whole. For this reason, IQ Option is my absolute number one recommendation for every binary options investor. This broker site is truly top-notch in every feature that can be measured.

Overall rating of 4.9 out of 5.0.

Binary options are prohibited in EEA

Register now by clicking on the button below and to trade with the best!

The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

2/5 - (1 vote)
Avatar for Michael Allen

Author: Michael Allen

Michael Allen is the main author at He holds a PhD in Economics and has worked in investment banking for 24 years.


Michael Allen

Michael Allen is the main author at He holds a PhD in Economics and has worked in investment banking for 24 years.


  1. Hi all! I have been investing in IQ Option since a long time and I found it to be really good. I have never suffered any major loss in this binary options trading platform. Moreover, the brokers present with this trading portal are highly reliable and legitimate. Therefore, I do not even have to worry a peck about my money while investing in this portal. IQ Option is a great binary trading system that offers only genuine services to the traders. I am completely satisfied by its results!

  2. I read this review of yours about IQ Option! I really liked this one! I like the way you have presented each & every fact about IQ Option in a detailed manner. However, I would like to ask something. Which one is better: IQ Option or Option Robot? I am literally confused about these two. Both of these are highly reliable and legitimate systems. Even the profits offered are really high. So can you please help me decide? I would like to make investment in any one of them. Please help me out.

  3. I have always trusted Option Robot as my best binary options trading partner. However, after reading this review about IQ Option, I think even this one is really good. There are various positive reviews and testimonials about IQ Option. It is a great binary options trading platform that offers the ease of using the free demo account to test the online system. As such, if you are trading for the first time, then you can trade with IQ Option with much ease. There is no need to worry about losing any of money through this portal.

  4. I really liked this review about IQ Option. I had read about IQ Option somewhere before. However, I did not take it that seriously. As there are so many fraudulent binary options trading systems out there, it becomes really difficult to rely on any binary trading portal. However, this review is sufficient to clear all the doubts regarding the reliability of IQ Option. The traders can understand that this is a highly reliable system and is able to generate higher profits upon the investment of the traders. Great one!

  5. IQ Option is a great binary options trading platform. However, there is a certain deposit amount if you wish to start trading in the same. As such, I would like to know about some binary options trading platform that asks no deposit amount to start the binary trading. I have lost my money several times through the deposit amount only. Therefore, I do not want to take any other risk. Please let me know of any such binary options trading platform. It would really helpful. I do not wish to get into any fraudulent trading scheme again.

  6. This is a reliable binary options trading platform. IQ Option is one of those binary options trading platforms in which you can place your trust entirely. I was myself looking for any such platform which is completely legitimate and does not offer fraudulent claims to the traders. It is really difficult to find reliable and trustworthy binary options trading portals in this industry. As such, if you are starting out in the binary options trading industry, then you must search only for the reliable ones. You can try out IQ Option as a great option!

  7. IQ Option is a great binary options trading platform. If you are looking for some reliable and safe binary options trading portal, then this one is the perfect option for you. With a minimum deposit value of just $10, you can simply test the system as well in case you are unsure about its trading success. Moreover, you also get to create a free demo account with IQ Option. This is a great option for the first-time traders who are skeptical about investing any amount of money with new binary trading platform. I like IQ Option!

  8. Hi Michael, I read your review about IQ Option binary options trading portal. I really liked it. I have recently started trading with Option Robot. I find that IQ Option is also a great one that offers a myriad of reliable offers & claims to its traders. So, now I am confused between the two. I wish to maximize my profits. So I wish to know which one amongst these two is the best? Please let me know as I will start investing in the same. Thank you!

  9. Until now, Option Robot was the only one binary options trading platform that I used to trust completely.However, now that I have read this review about IQ Option, I think I can give this binary options trading platform a try as well. Michael has unveiled all the aspects of the IQ Option trading portal by writing about the good and the bad things as well. As such, I can trust his review entirely and can thus, consider investing my money in IQ Option Robot this time.

  10. Though IQ Option might be a great platform for several investors out there, still I consider Option Robot as the best one. I have been investing in Option Robot since a long time and it has never let me down. I have always been able to succeed in trading upon my investments. I should stick to Option Robot as of now. Anyways, great job for writing such good reviews every time!

  11. I have always trusted IQ Option binary options trading software since the time I have started trading in the binary options trading industry. In addition to the IQ Option software, I also trust Option Robot as one of my friends has been making substantial profits in that platform as well. If you are starting out new, then you can definitely consider investing in any of these two platforms. You have done an impeccable job by writing such detailed and in-depth reviews about different binary options trading portals.Keep doing the great job! I like your articles!

  12. Hi, good day to all! I was reading some of the reviews posted here by Michael. In comparison to the earlier times, I think now I have developed quite a good amount of interest in the binary options trading industry. Michael always writes the reviews by putting each & every point into attention to detail. As such, this serves a great purpose to the beginners in the binary trading for example with IQ Option.

  13. IQ Option is a great automated binary trading software that claims only what it offers. Good job by portraying the main points of IQ Option software. It is a highly reliable and legit trading software and can be tried by those who are thinking of making the investment for the first time.

  14. For a naïve investor like me, Michael is like a rescuer who offers great help through the detailed reviews of different binary options trading platforms through his articles. I have been following him thoroughly and find his blogs to be very helpful. Thank You Michael for always enlightening me with the best such that I can embark on the binary trading journey successfully.

  15. Before losing out several times on the binary options trading platform, I have come across IQ Option trading software. I have realized that this is one good choice that I have made in my life as it has until now proved to be highly successful to me in terms of binary trading. I also read the detailed review about IQ Option here. Now, I have gained more confidence in it and will continue investing in the same.

  16. I was using OneTwoTrade and realized that it is a big time scam. They were reflecting some amount in my account, but in the end, I was not able to withdraw the same. I had lost all the confidence and trust upon the binary options trading industry from then onwards. However, after reading the detailed IQ Option review, I have gained some faith back in it. I will give it a try to try my luck at binary options trading industry.

  17. I lost few hundred euros to binary when I was learning but now it’s easy as walking in a beach. worst you can do is to be afraid to learn and trade. Then you can never win. IQ option seems to be trusted broker for long time so I’m keeping my trading with them. Good service if you have something to ask. What kind of experiences other readers have about these brokers?

  18. I gotta say that few other brokers were not so good at helping, advising or educating to binary option world, but IQ Option actually is amazing. They have been helpful and nice all the way eventhough I was beginner a year ago. with their help I managed to do almost 40k with small trades day by day but doing it for a year it has accumulated in to a bigger revenue stream in total. I would recommend IQ option to everyone who is interested online trading. Possibilities are limitless and their service is always good.

  19. You are welcome DTX111, hopefully your good streak continues, keep us updated!

  20. IQ option is very good broker, made 15k€ laready in three weeks!! thank you for writing this binaryoptionrobotinfo and michale allen

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