Malaysia's Securities Commission lists IQ Option-related activity as unauthorised, and Singapore's MAS has the name on its Investor Alert List. WikiFX also reported many user complaints about rejected withdrawals and blocked accounts at the offshore entity.
According to the FCA register, IQ Option Europe is running off its UK business and cannot take on new UK customers. UK residents should not open an account.
Quadcode, the fintech group behind IQ Option, took a stake in Game 7, which runs FPFX Technologies, PropAccount.com and the BullRush trading competition platform.