Is IQ Option a Scam? IQ Option Broker Review 2022
IQ OPTION Broker Review 2022
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IQ Option Review
One of the top representatives of the binary option trading industry, over the last few years, IQ Option have realized that they needed to diversify product-selection-wise. Binary options have never really been known as particularly trust-inspiring and the business model on which they are based, is plagued by a rather obvious conflict of interest. This combination ended up creating a bit of a toxic reputation for the brokerage, a reputation which they have managed to set right for the most part, over the last couple of years. The brokerage has branched out into proper Forex trading, CFDs, ETFs and crypto currencies, and apparently this was pretty much what the doctor had ordered reputation-wise.
IQ Option were always known in the trading community for their accessibility and their attractive trading conditions, traits that they have managed to retain to this day. Even back when most of their peers required minimum deposits of $200-$500, they offered binary option accounts for as little as $10. The spreads on their Forex and CFD products are some of the best in the trading industry, to this day.
With the above in mind, it is not exactly surprising that the brokerage grew by leaps and bounds, even when the going was tough reputation-wise. From about 950,000 accounts in 2014, IQ Option have grown to more than 14 million accounts in 2016. From around 200,000 trades per day in 2014, they now handle more than 3 million. From a monthly trading volume of $10 million in 2014, more than $11 billion flows through the brokerage on a monthly basis, right now.
Perhaps the most spectacular metric regarding the growth of IQ Option is the geographic coverage of the operation. From a handful of countries in 2014, the services of the brokerage are now available in no fewer than 178 countries.
IQ Option Regulation
Yes, IQ Option have always been regulated. They acquired their CySEC license back in 2014. Their license number is 247/14. What all this means is that the operation has been considered MiFID compliant by the Cyprus Securities and Exchange Commission. That makes it clear that IQ Option are free to peddle their financial services all over the EEA (European Economic Area). The brokerage is registered with most of the bigger European regulatory entities, such as the UK’s FCA, Italy’s Consob, Germanys BaFIN and France’s Regafi.
Besides the trading tools that can be accessed directly from the trading platform, as detailed above, IQ Option have apparently also attempted to provide their clients with a sort of economic news section, meant to highlight trading opportunities. The reason we’re calling this a mere “attempt” is that this news section does not appear to be properly and regularly updated.
The sub-section dealing with cryptocurrencies is the most up-to-date one, once again underlining the operator’s focus on this new financial vehicle.
IQ Option support can be reached through a plethora of toll-free regional phone numbers. Clients can even email the CEO and CAO of the operation directly. The IQ Option headquarters are located at Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus. The general support email is firstname.lastname@example.org
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General Risk Warning: The financial products offered by the company carries 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