IQ Option
Rating: 4.4 / 5IQ Option is a CFD broker that provides traders with the unique opportunity to trade pairs of competing assets, such as stocks, against each other. Traders receive a proprietary trading platform, which features tight spreads with commission-free trading from 0.1 pips and a maximum leverage of up to 1:500. I rate IQ Option as best for traders who specialize in highly liquid assets. Its swap-free accounts also make it ideal for overnight strategies. Check out this in-depth review to assess its trading conditions for yourself and see if IQ Option is the broker for you.
IQ Option is a CFD broker that provides traders with the unique opportunity to trade pairs of competing assets, such as stocks, against each other. Traders receive a proprietary trading platform, which features tight spreads with commission-free trading from 0.1 pips and a maximum leverage of up to 1:500. I rate IQ Option as best for traders who specialize in highly liquid assets. Its swap-free accounts also make it ideal for overnight strategies. Check out this in-depth review to assess its trading conditions for yourself and see if IQ Option is the broker for you.
Broker Details
- Headquarters
- Antigua and Barbuda, Cyprus
- Established
- 2013
- Min Deposit
- $10
- Execution
- Market Maker
- Regulators
- CySEC
Trading Conditions
- Retail Loss Rate
- 76%
- Min Raw Spreads
- Not applicable
- Min Standard Spreads
- 0.1 pips
- Min Forex Commission
- Commission-free
- Trading Hours
- Currency PairsSunday 23:01 - Friday 23:00Cryptocurrencies24/7 - 24/7CommoditiesMonday 00:00 - Friday 22:45Crude OilMonday 02:00 - Friday 22:45GoldMonday 00:00 - Friday 22:45MetalsMonday 00:00 - Friday 22:45Equity IndicesMonday 00:00 - Friday 23:00StocksMonday 02:05 - Friday 22:00ETFsMonday 15:30 - Friday 22:00
Accounts & Funding
- Funding Methods
- 20+
- Deposit Options
- Credit CardsWire TransferDebit CardsOtherCrypto Currency
- Deposit Fees
- No
- Withdrawal Options
- Credit CardsWire TransferDebit CardsOtherCrypto Currency
- Withdrawal Fee
- Yes
Trading Costs & Spreads
- EUR/USD
- 0.8 pips
- GBP/USD
- 0.9 pips
- Gold
- $0.12
- Bitcoin
- $250.00
- WTI Crude
- $0.03
- Inactivity Fee
- Yes
Platform & Features
- Trading Platforms
- Other, Proprietary platform
Pros
- Maximum leverage up to 1:500
- A choice of payment processors with one-hour withdrawals
- Versus pairs to trade assets against each other
- Competitive trading fees with swap-free accounts for all
Cons
- Limited educational content for beginners
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