Does IQ Option Work in 2024? My HONEST Review!

We are aware that today the Internet is available to literally everyone, old, young, children … And what is interesting is that everyone can make money with the help of the Internet, yes, everyone.

I make money online, I work from home and I am thankful to God for that because internet income allows me to spend more time with my friends and family.

For that reason, almost every day people ask me how I managed to do that and whether it is even possible to live from online earnings.

The truth is that it is possible and if you want to find out how I managed it click on the link here and read all about the platform that allowed me to work online and make the passive income that we all so desperately want today.

Today I want to deal with IQ Option broker.  Many folks ask me does IQ Option work and is it legit.

iq option review

IQ Option earnings are definitely possible solely for the reason that we are dealing with one legitimate and verified broker.

If you’ve been searching the internet for ways to make money, you’ve probably come across IQ Option (binary options trading), you may have even seen an ad related to this broker, so you decided to give it a try.

Let me tell you right away you won’t go wrong but before that read the whole article to the end to see what IQ Option has to offer.

Now let’s find out more about IQ Option and whether it’s worth spending time on it.

What is IQ Option?

IQ Option is an online platform used for trading various financial instruments and currencies such as Forex, Binary Options, Cryptocurrencies.

This platform was founded back in 2013 and very quickly became very popular around the world. The broker is managed by IQ Option Ltd and is one of the fastest-growing companies. They claim to have more than 20 million users worldwide.

IQ Option is based in Cyprus and is regulated in the European Union by the Cyprus Securities and Exchange Commission (CySec) which proves its credibility and security.

The company is fully compliant with the legislation prescribed by the commission and IQ Option is fully authorized to offer its services to its customers (clients).

IQ Option Summary:

Broker: IQ Option

Regulation: CySec, which means the broker is legitimate

Minimum Deposit: $ 10

Minimum Trading Stake: $ 1

What You Can Trade: CFDs, ETFs, Forex, Cryptocurrency, Commodities, Items

Demo Account: Yes

Trading Platforms: Web, Mobile

Is the Broker Legitimate: Yes

My Rating: 9.5 out of 10

What Does The IQ Option Offer?

When this broker first appeared, the only thing you could trade with were binary options, today this platform has evolved so much that it offers its users a host of other alternatives to trading.

Today on the IQ Option broker you can trade Contracts for Difference (CFDs), Cryptocurrencies, Exchange Traded Funds (ETFs), Forex, and many others, it is really hard to list them all.

CFD Stocks – IQ Option offers the option to trade CFD shares in over 176 countries worldwide.

Forex – FX trading, or Forex, is currently the most popular trading method on the platform that allows you to trade about 188 currencies that are paired.

Cryptocurrencies – Users of the platform can trade as many as 12 cryptocurrencies, the most popular of which are Bitcoin, Litecoin, IOTA, Omisego

IQ Option Basics (Video Below)

In the video below you can see how IQ Option actually works. I think it is very easy to understand, don’t forget that you can contact me with any questions or concerns, I am here to help you!

Try IQ Option

IQ Option Demo Account

Like other brokers, IQ Option also offers an option where you can trade on a demo account but this broker stands out from others primarily because you have no limits on how much you can practice on the platform, on a demo account.

The demo account includes $10,000 of virtual money that you can trade on the platform as much as you want. This is a great way to practice and try out many trading strategies to be as successful as possible.

If you spend all $ 10,000 no worries, you get virtual money from scratch again so you can practice trading as much as you want.

What I personally like about the IQ Option demo account (and what sets it apart from others) is that you don’t have to provide personal information to use it. This helps significantly to preserve your privacy.

IQ Option Real Account

Another advantage of this broker is that the minimum stake you need to make to trade on a real (not demo) account is only $10. Many other brokers ask for minimum deposits of as little as a few hundred dollars, which is not a small amount at all.

This platform currently offers 2 accounts:

Real Account – You can access a real account with a minimum deposit of only $10 and you have no trading restrictions. With this account, you can trade with over 70 funds and you can regularly withdraw money that will be paid to you within 24 hours.

VIP account – This status is given to users who trade and pay a deposit of $1900, which of course is not small. If you are a beginner in trading (and if you are not) I think you do not need this although VIP statuses bring with them some benefits and advantages. In my experience, it is enough to have a Real account, pay a deposit of $ 10 and start trading.

IQ Option (Free) Registration

It is very easy to register at this broker, you can register with either a Facebook account or a Google account, I prefer a Google account, ie registration with a Gmail address. After that, you create your password and you can immediately start trading on the platform.

When you register for free, you can decide whether you want to practice on a demo account or want to trade with real money. The decision is up to you, although I warmly recommend you to try it on a demo account first because you have nothing to lose. Also, you can switch to a demo account or vice versa, whenever you want, the demo will always be available to you.

You will see for yourself how “powerful” the platform is and how easy it is to use. you can’t get lost or confused where everything is, everything is presented to you on the home page.

Deposit At IQ Option Broker

As I said before, the minimum deposit you need to make on this platform to start trading is $10. IQ Option will not charge you any % on your deposit.

In order to pay your first deposit, you need to first go through the verification by giving the correct information, depending on what they are asking for. When it comes to European countries, they are looking for a phone number, personal information, and a picture as a form of identification.

Depending on what country you are from, the verification conditions will be different but nothing to worry about, just follow the steps they ask of you and nothing more.

Also, when you withdraw the money you have earned, it will also need (only the first time) verification to make the withdrawal process legitimate and free from fraud.

IQ Option offers its customers various methods of money paid as well as withdrawals. To deposit money on the platform you need to have a debit card, Visa Electron or Maestro, or credit cards such as Visa or Mastercard.

You can also use online wallets such as Neteller, Skrill, Moneybookers to deposit or withdraw money.

As for PayPal, the platform does not offer this option at this time.

Withdrawal Money With IQ Option

When it comes to withdrawing money from this broker, it all depends on how you paid the money. If you have made a deposit from your debit card then you will need to withdraw the money earned on that same card.

Also, let’s say you have earned $100 and want to withdraw your money on the card. From that point on every next time, you can only withdraw up to $100, if you have earned more then you can withdraw that rest to some of the online wallets such as Neteller, Skrill, Moneybookers, etc.…

No matter which withdrawal method you choose, your money will be paid to you within 3 business days. Keep in mind that before you withdraw money, you need to go through the verification process, where you will need to send a copy of your ID card, everything takes place via email and everything is legitimate, I personally went through that process without any problems.

How To Trade On IQ Option?

Trading on the IQ Option platform is relatively intuitive and the interface itself is very easy and clear. In the middle of the screen, you will see a chart and on the right, there is a “Buy” and “Sell” button that will determine your earnings, whether you win money or lose.

All the way up you will see your balance as well as what you are trading with, whether it is Euro / USD, Bitcoin, or something else, it all depends on what you choose.

It’s very easy and you just can’t get confused. What’s interesting is that you can also install the IQ Option app on your mobile phone and trade wherever you are.


Simply choose what you want to trade with (my favorite and what is very popular is trading EUR / USD currencies), choose a bet (which can be as low as $1), choose the time when the trade ends (say 1 minute) and click Buy or Sell, so you need to guess whether the chart will go up or down during the time you choose.

If you hit, you get up to 90% of the profits and if you don’t, you lose $1.

Navigation is very easy and what I found very useful is that IQ Option also offers various tutorials and videos that teach you how to trade properly without losing money. So, it is important to educate yourself and try different strategies and find the one that works for you.

Don’t just enter the platform, deposit money, and start banging just like that, watch the videos and, above all, practice on a demo account.

The demo version is identical to Live, except that you trade “fake” money on your demo account and you can lose countless times without worries. Once you find a strategy that works for you, then you can switch to the live version and trade with real money.

History of IQ Option in Numbers

As I said at the beginning, IQ Option was launched in 2013 and has progressed incredibly since then. In 2015, this broker had 8,110,000 registered members, which almost doubled in 2016 from as many as 14,680,000 users. In 2017, this platform reached the number of as many as 25,580,000 registered members.

What is important to say is that not only the number of members grew but also the number of countries that had access to this platform. In 2014, this platform was used by people from as many as 135 countries, and in 2017, that number increased to 151.

When it comes to money, there is no shortage. In 2015, users withdrew as much as $1.5 million, and in 2017, that number reached an incredible $10.8 million, which means that people really make money without any problems.

IQ Option User Experiences

When you search the internet for experiences about this broker, you will come across mostly positive experiences, of course, you will also find negative ones but that is normal.

Some complain that they would not give their personal information, but that is absolutely normal and understandable, considering that it is about money and withdrawing not-so-small amounts on debit cards.

Also, when reading some of the experiences, keep in mind that not everyone has to be a user of the platform, but negative experiences can be transmitted by the competition of this broker, which does not benefit its popularity and credibility.

Is IQ Option Scam?

I came across a couple of articles on the internet where it says that IQ Option is a scam and does not pay money to its users, it paid off for me as well as for many other people who trade with this broker. They may close your account if you do not follow some rules or you have given false information.

After my experience with this platform, there is no theory that IQ Option is a scam, the company is regulated by CySec and that means it has to follow the rules as well as its users.

Of course, there are also people who lose money on this platform and that is why they would rather call the platform a scam instead of investing their time in education and learning how to trade properly.

Just imagine that we all enter the platform, pay $10, start trading and earn thousands of euros in a couple of days, it doesn’t work that way, that’s why the platform provided its users with various tutorials and training to follow in order to trade as successfully as possible.

At, you can also find various awards that this platform has received over the years from influential brands around the world, which proves that IQ Option is a completely legitimate broker.

Simply put, if it had been a fraud, it would not have existed for 8 years, but would have failed after a couple of months.

UPDATE 2022 – My Experience

I can brag to you that I make great money on IQ Option next to my blog which brings me regular monthly earnings. People still contact me with the question of whether IQ Option is a scam or you can really make money.

People, this is not a scam because, above all, I would never promote something on my blog that would “take” people’s money. I’ve traded on IQ Option before, but lately, I just haven’t had time to dedicate to it because I’m actively working on my blog.

In the last 2-3 months, I started trading on the IQ Option again and I can boast of extraordinary earnings in a very short time (I wouldn’t want to mention the numbers, but they are not small !!!).


I don’t want you to think that this is a way to get rich overnight, but I want you to understand that it is POSSIBLE to make serious money if you know what you are doing!

Also, a lot of people contact me to give them the strategy I use on IQ Option, unfortunately, there is no universal strategy I can give you and it can always be 100% successful, you have to be willing to take risks if you think you can make money.

Also, you have great strategies on YouTube that I recommend you take a look at!

The great thing is that you can start making money with just $10! I started with a deposit of $100 but I recommend you as a beginner to pay that minimum of $10 and start trading.

As I stated in the text, trade in EUR / USD currencies, in my opinion, it pays off the most!

With IQ Option, you can earn one average salary in one day if you know what you are doing, but you can also lose money, so I recommend that you be careful with investing!

IQ Option is not a scam, it is not a fraud, it is not ”stealing” money! Start trading today and make serious money!

The FREE registration form is below!


10 thoughts on “Does IQ Option Work in 2024? My HONEST Review!”

  1. Hmm, thanks for sharing. I’m very intrigued by the 9.5 ratings, as that sounds like an impressive product. I feel a bit overwhelmed by options trading, and hesitate to trade because I feel like I’m going to make a costly rookie mistake. The IQ Option Demo account with $10000 of virtual money seems ideal to dig into the system and get a solid understanding of how it all works. Thanks for sharing!

  2. I am glad to read that IQ Option is free to register. And we can start doing trades at a low entry level. I have been giving my first steps in trading and I feel a platform like this will suit me well. After the pandemic, I have stuck with trading and so far, I enjoy it a lot. Thank you for the review.

  3. Internet marketing is my only source of income right now after suffering a stroke that resulted in my not being able to work. The IQ option never heard of before, when comes to IQ goes back to my logic of thinking and this being applied to online trading will have to give this service a try. Am going to share with my social media followers as well. 

  4. I was looking for a confirmation that IQ option is what I need. 

    The fact that I can make a demo account will help me a lot because I would like to start trading on forex but until I do that I can use the demo account and put into practice what I learn each day. 

    And in the meantime, I can form my personal opinion using this platform and see if I will stay or search for another one.

    • Yeah, the demo account is a great advantage as it gives us the opportunity to test the platform without any risk of losing our money.

      I am glad this review helped you, Valentin!

  5. Hi Daniel,

    I am impressed by this blog on the trading IQ option. I am a trader for years but never used options trading because of the panic of losing money in seconds if not successful. But sure, serious money could be made.

    Virtual trading with no money and no information needed to start is a win-win situation to learn and practice. You start trading as low as $1 and be ready to lose if you aren’t successful. However, your intuition increases for future trading.

    Just want to make sure, it’s all about options trading on ETFs, stocks, and such.

    I watched the demo that you provided. It looks simple to operate.

    I wish there would be another software where they could share the real-time operation of how transactions are happening changing hands, it will help in a big way.

    • Thanks, Anusuya for your thorough opinion, I really appreciate it.

      Trading binary options is a great but risky way to earn some extra fast money. I am still trading and its a great side income for me.

      Wish you great success!

  6. Wow!!  I am glad I found this article.  Although I do not invest much in trading, I do mess around with crypto, but I have not found a platform that is easy to use in terms of trading.  There are lots of platforms to buy and sell with.  Your description of IqOption is thorough so I am going to give the demo program a try and learn how it works.  I appreciate your advice to work with the $10 deposit.  Although I hope to make money, I am also interested in the activity of trading.  I am bookmarking your site while I work through the demo program.


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