Overview
IQ Broker was founded in 2013 and is headquartered in Limassol, Cyprus. Listing: Private. Markets on offer include Forex CFDs, Stock CFDs, Crypto CFDs, Commodity CFDs and more, through 3 platforms.
What we like
- $10 minimum deposit and a reloadable demo account
- Very easy proprietary platform on web, desktop and mobile
- CySEC regulated entity for EEA clients
Watch out for
- No MetaTrader, limited research tools
- Not available in the US, UK, Canada, Australia and several EU countries
- Clients outside the EEA are served by a lightly regulated entity
Regulation and safety
EEA clients trade with IQ Option Europe Ltd under CySEC supervision, with ESMA leverage limits and negative balance protection. Outside the EEA, clients are served by an offshore entity, so protection is weaker.
| Entity | Regulator | Serves |
|---|---|---|
| IQ Option Europe Ltd | CySEC (licence 247/14) | EU / EEA |
| IQ Broker international entity | Offshore entity | Other countries |
Fees
CFD costs are built into the spread, with overnight funding on leveraged positions. An inactivity fee is charged after a period without trading.
| Broker | Account | EUR/USD spread | Commission | Cost of 1 lot EUR/USD | Withdrawal | Inactivity | Currency conversion |
|---|---|---|---|---|---|---|---|
| IQ BrokerSource: BrokerAnalysis – IQ Broker fees, checked 6 October 2026 | Standard | from 0.8 pipsminimum only; average not published | None (in the spread) | — | First withdrawal each month free; bank wires carry a fee | €10/month after 90 days without logging in | Not separately published |
Compare fees across all brokers
Account opening
Quick sign-up with email. You must verify your identity before your first withdrawal. The minimum deposit is $10 and the demo account is reloadable.
Deposits and withdrawals
Cards, e-wallets and bank transfer depending on your region. Reports say the first withdrawal each month is free and bank wires carry a fee.
Customer support
In-app chat and email.
Platforms
IQ Broker's own platform is the main reason to choose it: clear charts, multi-chart layouts and quick order entry that a beginner can learn in minutes. It lacks MetaTrader, automated trading and in-depth research.
- IQ Broker web platform
- Desktop app
- Mobile app
Markets
- Forex CFDs
- Stock CFDs
- Crypto CFDs
- Commodity CFDs
- Index & ETF CFDs
Who should avoid IQ Broker
- You live in the UK, US, Canada, Australia or another excluded country
- You live outside the EEA and would be served by the offshore entity, which has regulator alerts in Malaysia, Singapore and India
- You want MetaTrader or detailed research
Where IQ Broker accepts clients
IQ Broker does not accept residents of the US, UK, Canada, Australia, Japan, Israel, Switzerland, Belgium, Spain, Portugal, Czechia, Latvia, Turkey and sanctioned countries. Lists published by third parties differ, so we verify each country before publishing. By our count that is 163 of the 197 countries we track.
Show all 163 countriesHide countries
Europe
Asia
Africa
Americas
Sources: tradingbeasts.com. Brokers change their lists without notice; the broker's sign-up form is the final word.
Latest IQ Broker news
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.
Read the article · Source: WikiFX
No new UK clients: FCA lists the UK business in run-off
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.
Read the article · Source: Investing in the Web
Parent group Quadcode invests in prop trading technology
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.
Read the article · Source: CB Insights
IQ Option on the RBI Alert List in India
The Reserve Bank of India includes IQ Option on its Alert List of entities not authorised to offer forex trading to Indian residents.
Read the article · Source: Wikipedia (citing the RBI Alert List)
Frequently asked questions
Is IQ Broker safe?
EEA clients trade with IQ Option Europe Ltd under CySEC supervision, with ESMA leverage limits and negative balance protection. Outside the EEA, clients are served by an offshore entity, so protection is weaker.
What is the minimum deposit at IQ Broker?
$10. The amount can depend on your country, the entity you sign with and the payment method.
Which platforms does IQ Broker offer?
IQ Broker web platform, Desktop app, Mobile app.
In how many countries does IQ Broker accept clients?
By our count IQ Broker accepts residents of 163 of the 197 countries we track. IQ Broker does not accept residents of the US, UK, Canada, Australia, Japan, Israel, Switzerland, Belgium, Spain, Portugal, Czechia, Latvia, Turkey and sanctioned countries. Lists published by third parties differ, so we verify each country before publishing.
Does IQ Broker offer CFDs?
Yes.
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.