CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Most retail accounts lose money.
Broksal

WarningIQ Option

Regulator alerts in Malaysia and Singapore

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.

By , investing in forex and CFD markets since 2017. Published . How we test

Key points

  • Malaysia's SC lists IQ Option-related activity as unauthorised
  • MAS has IQ Option on its Investor Alert List
  • User complaints focus on the offshore entity

Malaysia's Securities Commission lists IQ Option-related activity as unauthorised, and Singapore's Monetary Authority (MAS) has the name on its Investor Alert List.

WikiFX also reported many user complaints about rejected withdrawals and blocked accounts at IQ Option's offshore entity, which serves clients outside the EEA.

We show this warning on our Malaysia and Singapore pages. Residents of these countries should check the regulators' lists themselves before using any broker that is not locally licensed.

This item is shown as a warning on our rankings for Malaysia, Singapore.

Source: WikiFX. Written in our own words by the Broksal Team; see our methodology for how we cover news.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.

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