IQ Option is considered one of the largest brokers, but often on the Internet there are doubts about its reliability and competence, referring to it as a scam. Is IQ Option a scam or not? It is worth analyzing briefly the background of the IQ Option broker to understand whether IQ Option is a scam.
The choice of a brokerage company to work with binary options must be approached extremely carefully and responsibly. This will protect yourself from unpleasant moments associated with losing, and all such disorders. Option trading has amazing prospects for development, because it is characterized by relative simplicity, profitability and other important advantages. But all of them can be obtained only when choosing a reliable broker.
What is Binary Option?
The official source says that a binary (digital) option is an asset that, depending on the fulfillment of conditions for a certain time (usually 1 or 2 minutes), provides either a predetermined income or a loss. If you lose, you do not lose anything except the option price, which, thanks to the dollar exchange rate, is quite high. If you win, the money spent on the option is returned to you, and in addition to this, interest is accrued, which, in a good scenario, can reach 85% of the option price.
Thus, the answer to your question has already been partially presented – binary options are not a scam. However, this is only a small addition to the discussion of the rather complex issue of earnings on option brokers. Yes, binary options themselves are not a scam, but a specific site – “IQ Option” is a scam or not will be described below.
What is IQ Option?
Is IQ Option a scam? Well, the largest international broker IQ Option began its activities in 2013 and in a short period of time has become one of the leaders among companies providing binary options trading services around the world. Do you still think IQ Option is a scam? IQ Option broker is one of the most popular platforms for making money through trading, which provides clients with access to the Forex, cryptocurrency, binary options, CFD markets, etc. Thanks to the consistently high quality of service, favorable terms and conditions, and the professionalism of technical support managers, the number of IQ Option clients around the world is only increasing today, that still makes you doubt whether IQ Option is a scam or not? Below is a table that contains information about the company.
|Social media||Facebook, Instagram, Telegram, Twitter, Youtube|
|Main office||Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus|
|Company owner||IQOption Ltd|
|Technical Support||E-mail: [email protected]|
Feedback on the siteChat roomHelp Center
Callback from the site
|Languages||English, French, Spanish, Italian, German, Portuguese, Korean, Turkish, Chinese, Vietnamese, Indonesian, Thai, Hindi, Indian, Russian|
|Account currencies||EUR, USD, cryptocurrency|
|Asset types||Currency pairs EUR / MXN, CHF / JPY, EUR / HUF, EUR / USD, etc.|
CFDs on Forex, Stocks, Commodities, ETFs, Cryptocurrencies, etc.
ProductsOil, Gold, Silver, Platinum, etc.
ETFDow Jones Industrial Average ETF, Technology SPDR, S&P 500 ETF, Year Treasury Bond ETF, Consumer Discretionary SPDR, Utilities SPDR, MSCI Mexico ETF, etc.
The essence of IQ Option is to conclude transactions to increase or decrease the market value of any of the many assets, which makes people think IQ Option a scam.
If we are right and the price of the instrument, for example, goes down to a certain (known in advance) point in time, then we earn very decent money, about 80-85% of the option value. If we are mistaken, then we lose the amount for which we purchased the binary option.
IQ Option is a scam or not? The essence of trading with IQ Option is as follows:
- analysing the market situation, for which a trader can use one of the strategies;
- concluding a deal to increase or decrease the price of an instrument.
Is IQ Option a scam?
IQ Option is not a scam, but a strong organization that was able to conquer traders all over the world as it is currently one of the most law abiding brokers in the international financial market that has won the prestigious “ShowFX World” award for “Most Innovative Binary Options Broker”. Do you still think IQ Option is a scam? This serious award was received at the largest international forum dedicated to modern achievements in the forex market.
Try IQ Option now!
Is IQ Option a scam? Trading takes place on an online platform of its own development, mobile trading is also available, thanks to applications for devices based on both iOS and Android. The trading platform of IQ Option doesn’t look like a scam, it is very well designed, everything is intuitive, but because of some bad reviews on the internet you start thinking whether IQ Option is a scam or not.
What are the terms and conditions of trading with IQ Option?
To make sure that IQ Option is not a scam, and in order to feel more confident and reliable when working with a broker, you need to know what are the rights of a client trading on his platform, what are the company’s obligations in relation to a trader. It is worth studying this information to make sure IQ Option is a scam or not, because the broker carries out his work in accordance with the provisions of such a document, even if the trader does not know about its existence at all. You can read the rules for the operation of the platform at any time in the document “User Agreement”, but its name may be different. IQ Option has Terms and Conditions.
In this document, for example, the broker pays great attention to the correctness of the data that the trader indicates for the registration and verification procedures. The user is obliged to provide only up-to-date information at the request of the manager, otherwise his account may be blocked, and all funds, except for profit, will be returned to his card.
To verify whether IQ Option is a scam or not, it is also worth studying the points of the document about which situations the broker will not be liable to the client: this is a change in information about assets (an increase or decrease in their price), which led to losses, expenses related to the actions of the trader, etc. Also, the organization will not be responsible for the fact that facts, judgments or even its inaction caused the trader’s losses, which again makes you question is IQ Option a scam or not?
Trading Conditions with IQ Option
IQ Option is a scam or not? Its advantages include, first of all, the following factors: the minimum deposit is $ 10, the minimum transaction size is $ 1, the availability of a free demo account, thanks to which you can quickly explore the platform’s capabilities, as well as high trading profitability, a large number of assets. Well, the broker’s trading terminal is superior in quality and functionality to many world analogues of similar programs. Particular attention is paid to customer support (24/7), it is carried out in different languages, it improves every day, which makes cooperation with the company more comfortable, and makes IQ Option an ideal broker for a trader, not a scam.
IQ Option data protection and privacy
The broker has several serious licenses, which also makes working with it reliable and secure for users around the world. IQ Option is regulated and licensed by the Financial Conduct Authority of the United Kingdom (FCA), license number 670182, by the Cyprus Securities and Exchange Commission (CySEC), license number 247/14.
IQ Option bonus
IQ Option is a scam or not? Like all serious market brokers, IQ Option strictly follows the rules and regulations of financial market regulators (for example, FCA, CYSEC, etc.), which only allow some bonuses. One of these special offers that attract traders is a referral program with a bonus of up to 50%.Try IQ Option now!
How is IQ Option regulated?
IQ Option is a scam or not? IQ Option has several licenses of serious market regulators, which makes cooperation with it reliable and protected, and guarantees that disputes with traders will be fairly resolved, extracting a scam. IQ Option is listed on the FCA register: # 670182. The Financial Conduct Authority is the UK’s main financial regulator. Thus, the broker is on the list of one of the most prestigious regulators of the financial markets.
IQ Option is a scam or not? The organization has a CYSEC license: No. 247/14. The Cyprus Securities and Exchange Commission is a serious regulator of the activities of market participants, which monitors their work and operations, and has the right to apply various measures to them, including fines and license revocation. IQ Option is a scam or not? The company also has licenses from such regulators as CNMV (Spain), Regafi (France), AFM (Netherlands), Finantsinspektsioon (Estonia), etc. IQ Option is a scam or not? More information about all its licenses can be found on the website in the “Regulation” section.
- Check the License of IQ Option on the website of FCA
- Check the License of IQ Option on the website of CYSE
IQ option scam or not?
The question “Is IQ Option a scam or not?” is asked by many Forex traders looking for a reliable and trusted binary options broker. It is no secret that earlier many brokers, both on Forex and binary brokers, were scams and simply cheated their clients for money. The client deposited money into a trading account and either lost it in the shortest possible time, or, for one reason or another, could not withdraw his contribution and / or profit. Why did this happen?
Firstly, the broker simply did not display transactions on the interbank market, all trading took place exclusively virtually. Considering that newbies lose their deposit up to 95-97%, there was no need to bring deals to the real market.
Secondly, various tricks by scams were often used in order not to pay out profits: a fuzzy scan of the passport, insufficient information about the client, etc. These brokerage houses have almost disappeared because every broker knows that reputation always goes ahead of the company. IQ Option is a scam or not? Any trader looks for more information about the broker company and reads reviews about it. Also, the control over brokerage companies by the regulatory bodies of the KROUFR (TsROFR) and others has been tightened. Therefore, today, dishonest brokers are almost never found.
Advantages and Disadvantages of IQ Option: