| Updated: September 17, 2025
IQ Option plays a key role in the trading market, targeting investors from various jurisdictions and offering a safe, trustworthy experience. The award-winning trading platform was launched in 2013 and currently enjoys an untarnished reputation. The broker holds a licence issued by the Cyprus Securities and Exchange Commission (CySEC), which attests to its reliability.
Traders will certainly enjoy their experience if they set up an account via IQ Option’s mobile trading app, as it runs smoothly on smartphones and tablets. The brokerage also offers dedicated multilingual apps to broaden its reach even further. The main shortcoming is that MetaTrader 4 is not integrated. On a positive note, IQ Option charges relatively low commissions compared with other platforms.
| General Information about iQ Option | |
|---|---|
| Min. Deposit | $10 |
| Supported Languages | N/A |
| Supported Currencies | United States Dollar, Euro, Brazilian Real, Australian Dollar, Russian Ruble |
| Trading Information | |
|---|---|
| Trading Platforms | |
| Demo Account |  |
| Hedging |  |
| Scalping | |
| Retirement Account | |
| US Traders | |
| Arabic Traders | |
Account types
When you decide to sign up with this brokerage, you should be aware that IQ Option’s mobile trading app offers three types of trading accounts, including a demo account and a real account. Depending on your skills, you can choose the account that best suits you. Below, we provide detailed information on the different accounts available.
Demo account
Most trading platforms offer demo accounts that you can open for free, and IQ Option’s mobile app is no exception. If your trading career is in its infancy, it is advisable to set up a demo account so that you can learn the ins and outs of the platform and enjoy an engaging trading experience in a risk-free environment.
Every experienced trader will advise you to practise in a demo environment for as long as necessary until you improve your trading knowledge. IQ Option’s demo account has no time limit and the balance can be reset as often as needed. You will also have access to all 300+ assets. Under certain conditions, however, you may have access to only a little more than 10 assets. Upon creating a practice account, you will receive $10,000 in virtual funds. Traders should be aware that they cannot withdraw these funds or accumulate profits.
Real account
Once you feel comfortable with your knowledge and skills, you can opt for a real account. If you already have a demo account, you do not need to create a new one to trade for real money; simply tap the Deposit button in the upper-right corner to add funds.
Once you have made your first deposit, you can start trading with real money. Real money accounts provide mobile traders with more than 300 tradable assets. To switch to a real account, you must make a minimum deposit of €20. The minimum trade size is €1, making trading accessible even to enthusiasts with a lower budget. Furthermore, traders with real accounts have access to weekly trading tournaments that are available only to non-EU citizens.
Trading Instruments
The selection of trading instruments is what gives life to every brokerage’s portfolio that tries to attract the attention of new traders. Hence, IQ Option mobile trading app offers a wide selection of trading instruments, including CFDs in Forex, cryptocurrencies, stocks, commodities and ETFs. What is important to mention is that the maximum investment amount per trade is $20,000 but this amount may vary according to the market conditions.Forex and Cryptocurrencies
Investors who decide to try their luck in Forex trading will find a wide selection of currency pair CFDs. You can trade major, cross, and exotic currency pairs. Some of the available options include USD/RUB, USD/NOK, CAD/PLN, AUD/SEK, GBP/CHF, and EUR/DKK. Forex trading with this mobile platform offers several benefits, including zero fees for holding positions overnight, leverage of up to 1:30, and a minimum deposit as low as €20.
If you wish to trade cryptocurrencies, you will also enjoy a rich selection, as the mobile trading platform features many popular digital currencies, including Bitcoin, Ethereum, ZCash, Litecoin, Bitcoin Cash, and Ripple. Investors should note that IQ Option’s mobile trading app allows enthusiasts to trade CFDs on various cryptocurrencies.
Stock Trading
It is noteworthy that IQ Option allows investors to trade shares of some of the most popular companies, including Tesla, PepsiCo, The Coca-Cola Company, and Procter & Gamble. Trading stocks on IQ Option’s mobile platform offers a minimum trade size of just $1 and leverage of up to 1:20. Additionally, traders should keep in mind that the brokerage does not charge any fees for trading stock CFDs.
Hard Commodities
If you are interested in trading hard commodities, you should know that IQ Option’s mobile trading app features four instruments: gold, silver, WTI crude oil, and Brent crude oil. Thanks to commodity contracts for difference (CFDs), you can trade commodities without having to actually buy them. In other words, you speculate on whether prices will move up or down.
Commodity trading is available to both EU and non-EU residents. The leverage for non-EU traders and EU professional investors is up to 1:150. EU retail clients are offered leverage of 1:20 on gold and 1:10 on other commodities.
ETFs Trading
IQ Option also offers its users the opportunity to trade more than 20 digital options on ETFs. Some of the available ETF options include metals, utilities, technology, energy, and more. An ETF (exchange-traded fund) is an investment fund similar to a mutual fund, with the main difference being that investors trade ETFs throughout the day on stock exchanges. The mobile trading app offers leverage of up to 1:5 for retail investors in the European Union who trade ETFs, while non-EU residents with either retail or professional accounts can enjoy leverage of up to 1:100.
Fees and Spreads
IQ Option’s mobile trading platform offers competitive fees and spreads that vary across different trading instruments. In addition, spreads are determined by market volatility and liquidity, time of day, and other factors. If you open a “long” cryptocurrency position, keep in mind that the brokerage charges a fee of 2.9%. The “swap fee,” also known as “overnight funding,” ranges from 0.01% to 0.5% of the position’s face value. This fee is levied on CFDs on forex, ETFs, cryptocurrencies, commodities, and indices.
Notably, IQ Option does not charge commissions on trading activity. You can open or close a trading position without paying additional charges. However, the brokerage does impose a “Dormant Account Fee” if an account is inactive for 90 days. If no trades are made within 90 days, the account is considered inactive and a $10 fee is imposed.
Investors should note that they need to verify their accounts with IQ Option as soon as possible. According to the brokerage’s policy, if investors do not submit the required documents to verify their accounts within 15 days of making their first deposit, their funds – excluding profits – will be returned. If the balance is below $5, a fee of up to $5 will be charged.
Banking
Reputable brokers usually offer a variety of payment solutions. In this way, investors can choose what is most convenient for them. When considering which deposit or withdrawal option to use, traders should bear in mind that different banking methods may incur different fees. In addition, some payment methods process payouts more quickly than others.
| Brand | Minimum | Fees | Processing Time |
 | €20 | No Fees | Instant |
 | €20 | No Fees | Instant |
 | €20 | No Fees | Instant |
 | €20 | No Fees | Instant |
 | €20 | No Fees | Instant |
| Brand | Minimum | Fees | Processing Time |
| - | - | 1 business day |
| - | - | 1 business day |
| - | - | 1 business day |
| - | - | 1 business day |
| - | - | 1 business day |
Deposits
If you are ready to open a real-money account, you should know that the minimum deposit is €20 and the brokerage does not charge fees for funding your account. The minimum investment per trade is just $1, so even traders with a tighter budget can participate. The maximum investment amount is $20,000. IQ Option has adopted several popular payment solutions, including Visa, Mastercard, Maestro, Skrill, Neteller and WebMoney.
Deposits are processed immediately. The method you select for deposits will also be used for withdrawals, so choose carefully. Many traders prefer to use e-wallets, as these are prompt, secure and attract only small charges.
Regardless of the payment solution you select, you need not worry about the safety of your personal information because the brokerage employs a sophisticated encryption system. Note that you cannot change the account currency once it has been set. The mobile trading platform accepts payments in USD, GBP and EUR. Of course, traders can deposit in another currency and it will be automatically converted to one of the currencies available at IQ Option.
To make a deposit, you must have an account with IQ Option. If you have not yet verified your account, you will only be able to deposit via Visa or Mastercard. IQ Option’s mobile trading platform is designed for easy navigation, so even when you are on the move, you can top up your account in less than five minutes.
Withdrawals
One of the most gratifying moments for traders is withdrawing their earnings. IQ Option’s mobile trading app offers a good selection of banking solutions for cashing out funds. Note that the withdrawal amount must not exceed your current trading balance.
You can submit an unlimited number of withdrawal requests, and the minimum amount you can cash out starts at just $2. If you wish to withdraw a lower sum, you need to contact the customer-support department.
Once you submit your withdrawal request, your funds will be ‘locked’ for 24 business hours, during which you can change your mind and cancel the payout. Traders should bear in mind that withdrawals to a credit card cannot exceed the total amount of their deposits over the last 90 days. If your profit exceeds this amount, you should withdraw it via an e-wallet or bank transfer. Please keep in mind that the minimum withdrawal amount for bank transfers is €100.
All of the deposit methods discussed above also support withdrawals. Bank-dependent methods as well as e-wallets usually take 24 hours. By default, bank transfers take the longest to clear; withdrawals via bank transfer may take up to 15 calendar days. Mobile traders can track the status of their withdrawal request by tapping the Transaction History button.
If you do not receive your earnings by the 21st day after submitting the withdrawal request, you can present a bank statement covering the period from the date of the deposit to the 21st day after the withdrawal and send it via email to docs@iqoption.com or via live chat. The customer-support representatives will do their best to locate and resolve the problem.
Regulation
Mobile traders should be extremely careful when choosing a trading platform. Apart from offering various trading instruments and low fees, a broker should also hold a valid licence to prove its trustworthiness and reputation. The IQ Option mobile trading app is a good choice for investors seeking a safe and reliable brokerage, as it holds a licence issued by CySEC (the Cyprus Securities and Exchange Commission). The brokerage is authorised to provide its services to traders from the European Economic Area (EEA).
IQ Option is a reputable mobile trading platform that went online in 2013. The brokerage now serves an extensive customer base, which further proves its reliability. Moreover, IQ Option’s clients can contact the customer-support department via their touchscreen devices at any time they need assistance.
Traders from various jurisdictions, including Austria, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Luxembourg, Malta, Norway, Poland, Portugal, Romania, Spain, Sweden, the Netherlands and others, are allowed to set up an account on IQ Option’s mobile trading app.
FAQ
1. Can I make money with a demo account?
2. How do I switch from demo to retail account?
3. Is there a dedicated app that I can download?
4. How can I contact the customer support department?
5. How to verify my account?
Conclusion
When all is said and done, we can safely conclude that IQ Option’s mobile trading app is an excellent trading venue, especially for investors who enjoy trading binary options. The brokerage is fully regulated and provides access to more than 300 assets. In addition, inexperienced mobile traders can improve their skills in a risk-free manner. Spreads and fees are not steep, which makes this brokerage one of the most popular choices among investors.