IQ Option Review

Overview

IQ Option was founded in 2013 in Cyprus ( EU ).  As a provider of premium binary options, CFD and crypto trading services for Singapore and Malaysia traders , IQ Option has gained considerable reputation over the past few years and currently considered to be one of the better choices when it comes to picking a trusted global broker.

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Broker Details

Broker IQ Option
Website URL www.iqoption.com
Founded 2013
Headquarters IQ Option Ltd ( Seychelles ) - Headquarters: Cyprus ( Europe )
Support Number +65 3163 7458 ( Singapore / Malaysia ) , +66 2 104 07 95 ( Bangkok, Thailand) + +91 000 800 040 13 61 ( India )
Support Types Email , Phone
Languages English , French , Italian , Spanish , Portuguese , Turkish , Indonesian , Russian
Trading Platform IQ Option Platform ( web browser and App )
Minimum 1st Deposit $10
Minimum Account Size $10
Minimum Trade Amount $1
Promotions $1000 Virtual Funds
Payout 91%*
*Amount to be credited to account for a successful trade.
Free Demo Account Open Demo
Deposit Methods CashU , Credit Cards , POLI , Skrill , Webmoney , Wire Transfer , Fasapay
Withdrawal Methods POLI , Skrill , Webmoney , Wire transfer
Number of Assets 70
Type of Investments ETSs, Digital Options ( stocks, currencies, commodities and indices ) , Forex, online CFDs and Crypto ( Sell and Buy Ethereum, Bitcoin,Litecoin and others )
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 4.9

Pros

  • Best Trading App for Binary Options
  • Minimum Deposit of only $10
  • Minimum Trade of $1
  • Trusted Broker
  • $1,000 Virtual Funds ( Demo Account )
  • Quick Withdrawals
  • Outstanding Platform
  • Weekly Tournaments
  • Gain up to 92%*

Cons

  • They don't accept clients from USA, Australia, Canada, Belgium, France and Russia.

Full Review

Last IQ Option Singapore and Malaysia review update: September 8 2018

IQ Option Singapore & Malaysia review 2018 - Free Demo Account

IQ Option was founded in 2013 in Europe.  As a provider of premium binary options, CFD and crypto trading services for Singapore and Malaysia traders , IQ Option has gained considerable reputation over the past few years and currently considered to be one of the better choices when it comes to picking a trusted broker in Europe.

Unlike some of the binary options broker who often acts as a bucket shop, IQ Option’s business model is based on “pure exchange rule.” It means that each options order placed by traders are matched within the system. This way, IQ Option only makes profit from commissions on the trades placed by their clients.

From 2018, investors can buy sell and store the most popular cryptos ( Bitcoin, Ethereum, Ripple,Bitcoin and EOS )  on IQ Option.

IQOption has won several awards since its inception and currently sponsors Formula 4 racing team AGI Racing.

 

Trading Platform

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IQOption.com offers one of the most evolved binary options trading platforms in the industry. As a fully cloud based software platform, its customers can use their trading platform with a modern browser. Although trading with IQOption does not require downloading any third party software on the trader’s personal computer, they do offer an offline software download option for professional traders who need faster trade execution time.

03_chart

We found that the integrated charting package offered by IQ Option meets all of the technical analysis needs as it included almost all of the technical indicator and charting tools any seasoned binary options trader would require, including, candlestick or line charts, a range of indicators, etc.

04_profit

One of the best features of IQ Option is that they offer OTC trading to Singapore and Malaysia investors, so you can trade the options market during the weekend! In fact, we ended up trading for a few minutes while researching for this review during a Sunday – and apparently made a profitable trade!

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IQ Option Singapore Mobile – Trading app

In addition to the cloud based trading platform, They also offers mobile apps that can be used by traders to place trades via their smart phones on the go.

iq option mobile - #1 trading app

IQ Option Mobile – Free Trading App

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Assets Offered by IQ OPTION for Trading

Singaporean investors can trade on 5 type of investment products: Options, Digital, CFD, Crypto and Forex.

IQ Option Singapore offer almost all of the popular Forex pairs, including, EUR/USD, USD/CAD, AUD/USD, EUR/NZD, EUR/AUD, AUD/JPY, EUR/CAD, EUR/RUB, GBP/CAD, GBP/USD, EUR/GBP, GBP/CHF, GBP/AUD, NZD/USD, CAD/CHF, CHF/JPY, USD/CHF, GBP/JPY, USD/JPY, USD/NOK, USD/RUB, and AUD/CAD.

Under equities, IQ Option offers a handful of popular company stocks in binary options trading, such as Apple, Facebook, Amazon, Alibaba, Google, and Tesla as well as a number of indices, including Bitcoin Index.

Binary options traders can also trade Gold price against the US Dollar under commodities section.

Buy & Sell cryptocurrencies on IQ Option platform

Buy, Sell and store cryptocurrencies on IQ Option

Regarding cryptocurrencies, IQOption offer up to 14 cryptos to buy, sell or store , including Bitcoin, NEO, Ethereum, Ripple, EOS, Qtum, Tron, Litecoin, Bitcoin Cash, Ripple, Omisego, Ethereum, DASH, ZCash,..).

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Types of Accounts

Besides offering a fully functional demo account, They only offer one type of binary options real account. Using the same account, binary options traders can trade numerous Forex currency pairs, a few select stocks and stock indices.

IQ Option mostly offers short term binary options for traders and the maximum time traders can pick an option seemed to be around 45 minutes. However, they only offer one type of options, call or put for all the timeframes.

Minimum Deposit Requirements, Offered Bonuses/Promotions

IQ Option has virtually no minimum deposit requirement and traders can start their account with only $10.

Payout

IQ Option offers payouts up to 91%.*

Trades can pick several timeframes from these two slabs and get an instant confirmation about the exact payout ratio the trade will offer in order to make an informed decision.

Deposit and Withdrawal Methods

IQOption offers several funding and withdrawal option for Singapore traders. Traders can choose to deposit funds using credit cards (Visa and MasterCard), WebMoney, POLi Internet Banking, Skrill, and Neteller, as well as wire transfer to IQ Option’s bank account.

During funding, IQ Option does not impose any additional fees to users while making any withdrawal. But, the payment processors and credit card companies may charge users at their end.

Customer support

They offers several channels for providing customer support to Singapore, Malaysia and Thailand traders. You can reach their customer support desk at support@iqoption.com and if you already have an account with them, you can directly call them at +65 3163 7458 ( Singapore ) or +66 2 104 07 95 ( Thailand). IQ Option is one of the handful of binary options brokers that offer 24/7 – around the clock – customer support over the phone.

IQ Option Ltd office is located in Cyprus ( Europe ) and Seychelles.

IQ Option Singapore and Malaysia Review: Summary

IQ Option is a great option for Singapore and Malaysia traders who are looking to partner with a trusted CFD, Crypto and binary options broker based in EU. IQOption has found a way to enable traders to enjoy a seamless binary options trading experience.

*Amount to be credited to account for a successful trade.

RISK WARNING

The financial products offered by the company 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.

 

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James Martin

I'm based in London ( England, UK )
I've been a professional trader for over 5 years.
Currently I work as forex analyst for different investment companies.
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Risk Warning:Your capital may be at risk

2 Responses to “IQ Option”

  1. I’ve been trading with IQ Option for 3 months. Brilliant service since I joined.
    The fastest withdrawal time ever.

  2. IQOption is by far the best broker for me.
    They offer over 70 underlying assets to trade with a free demo account.
    Its trading platform is very fast and easy to use. Very good for first timers.

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