This profile is currently being reviewed by the BestForex.io editorial team. Some information may be incomplete or subject to change.
IQ Option Review
IQ Option's only EU regulated arm has been renamed IQBroker on the Cyprus register. The IQ Option name itself now mostly serves markets with little or no financial oversight.
Min Deposit
N/A
Spreads From
Not independently verified since the CySEC license moved to IQBroker
Max Leverage
Not independently verified since the CySEC license moved to IQBroker
Platforms
IQ Option web platform, IQ Option mobile app
Pros
- Traded under a genuine CySEC license, 247/14, from 2014 until its recent rename
- Long operating history and broad name recognition dating back to 2013
- Offers a wide range of instruments including forex, stocks, and crypto CFDs
- Parent group Quadcode holds a separate, currently active ASIC license
Cons
- The CySEC licensed entity has been renamed IQBroker, not IQ Option
- CySEC removed its crypto asset registration in 2023 for inactivity
- FCA says the firm is winding down UK accounts and cannot take new customers
- FCA has flagged the firm's own site for a false UK authorisation claim
- Faced regulatory warnings or bans in Australia, Singapore, India, Brazil, and Indonesia
IQ Option launched in 2013 in Cyprus and became known worldwide for binary options. Its regulated arm, IQ Option Europe Ltd, held CySEC license 247/14 from 2014, but was fined 180,000 euros in 2016 for weak marketing practices, then settled again with CySEC for 450,000 euros in 2019 over conflicts of interest.
That same Cyprus license now belongs to a company CySEC lists as IQBroker Europe Ltd, formerly IQOption Europe Ltd, so the IQ Option name is no longer tied to an active EU license. CySEC also dropped the old entity from its crypto register in 2023. The FCA says the firm is winding down old UK accounts, and flagged its site for wrongly claiming full authorisation.
Outside Europe, the IQ Option brand still markets itself widely, but regulators in Australia, Singapore, India, Brazil, and Indonesia have issued warnings, fines, or bans against it over the years. Check exactly which company and license, if any, stands behind an IQ Option account before depositing money.
Max Leverage
Not independently verified since the CySEC license moved to IQBroker
Spreads From
Not independently verified since the CySEC license moved to IQBroker
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
