IQ Option Review
Overview
IQ Option was founded in 2013. 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.
Read Full ReviewBroker Details
| Broker | IQ Option |
|---|---|
| Website URL | www.iqoption.com |
| Founded | 2013 |
| Headquarters | Antigua and Barbuda |
| Support Types | Email , Phone , Live Chat |
| 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 | $10,000 Virtual Funds |
| Payout | 98%* |
| Free Demo Account | Open Demo |
| Account Types | Demo Account , Real Account , VIP Account |
| Deposit Methods | CashU , Credit Cards , POLI , Skrill , Webmoney , Wire Transfer , Fasapay |
| Withdrawal Methods | POLI , Skrill , Webmoney , Wire transfer |
| Number of Assets | + 500 |
| 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 |  |
| Mobile Trading |
 |
| Tablet Trading |
|
| Overall Score | 4.9 |
Pros
- Best Trading App for Binary Options
- Minimum Deposit of only $10
- Minimum Trade of $1
- Trusted Broker
- $10,000 Virtual Funds ( Demo Account )
- Quick Withdrawals
- Outstanding Platform
- Weekly Tournaments
- Gain up to 98%*
Cons
- They don't accept clients from USA, Australia, Canada, Belgium, France and Russia.
Full Review
Last IQ Option Singapore and Malaysia review update: 24th April 2024
What is IQ Option?
Contents
IQOption was founded in 2013. As a provider of premium binary options, CFD and crypto trading services for Singapore and Malaysia traders, IQ Option has gained a 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..
Unlike some of the binary options trading broker who often acts as a bucket shop, its business model is based on “pure exchange rule.” It means that each options order placed by traders are matched within the system. This way, the broker IQ Option only makes a 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 IQOption.com.IQOption has won several awards since its inception and currently sponsors Formula 4 racing team AGI Racing.
Trading Platform
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.
We found that the integrated charting package offered by them 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.
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!
IQOption Singapore Mobile – Trading app
In addition to the cloud based trading platform, They also offer mobile apps that can be used by traders to place trades via their smart phones on the go.
IQ Option Mobile – Free Trading App
Assets Offered by IQOPTION for Trading
Singaporean investors can trade on 5 types 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, This broker 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
Regarding cryptocurrencies, IQOption offers 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,..).
Types of Accounts
Besides offering a fully functional Demo account with $10,000 virtual money, They only offer 2 types of accounts:
- 1) Real Account. 10$ min. deposit. You can trade up to 500 assets including forex currency pairs, stocks, indices and commodities. All withdrawals are processed within 24 hours. Great support with 24/7 live chat. Weekly tournaments.
- 2) VIP Account. Great benefits. This trading account is intended by professional traders looking for high profitability rates. You will have a personal account manager to help you with your trading. All withdrawals request will be a high priority. The min. deposit is significant and depends on the country.
Minimum Deposit Requirements, Offered Bonuses/Promotions
This platform has virtually no minimum deposit requirement and traders can start their account with only $10.
Payout
IQOption offers payouts up to 98%.*
Trades can pick several timeframes from these two slabs and get 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 a wire transfer to IQ Option’s bank account.
During funding, They do 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 offer several channels for providing customer support to Singapore, Malaysia and Thailand traders. You can reach their customer support desk at [email protected] and if you already have an account with them, you can directly call them. IQ Option is one of the handful of binary options brokers that offer 24 hours customer support over the phone.
IQ Option office is located in Antigua and Barbuda.
IQ Option Review: Summary
IQOption is a great option for Singapore and Malaysia traders who are looking to partner with a trusted CFD, Crypto and binary options broker. IQOption has found a way to enable traders to enjoy 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.
I've been a professional trader for over 5 years.
Currently I work as forex analyst for different investment companies.
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