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Is IQ Option a scam?

Your capital may be at risk. This material is not investment advice.
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Written by trading expert:Professional Day Trader
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Short resume:
  • Author of the book Options Trading for beginners
  • Worked in finance in 12 years
  • Got a MBA in Finance, BA, International Business Administration And Marketing
  • Built a solid record of achievements through constantly developing financial markets
  • Traded on the most frequently utilized stock exchanges: TSE, LSE,NASDAQ, NYSE, Euronex Actively managed a 6-9 million dollar portfolio
  • Developed new and innovative trading systems and implemented them during trading hours
Matthew O'Connor is the author on the bestseller Option Trading for Beginners
Option Trading for Beginners - Written by Matthew O'Connor

IQ Option is a registered financial services firm by the name of Iqoption Ltd. Its primary offerings are digital options and contract for different products.

The business registration address for IQ Option Ltd. is Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus under the license number 247/14. The Company registration number is 327751 and the registered business phone number is +357 25 262 010. Thus, it is clear that IQ Option is a legitimate business with proper and publicly verifiable registration, a physical address and a phone number. It is not like some other shady and potentially fraudulent online financial companies which have no physical address and official registration and possibly no presence beyond a website.

Another aspect to consider is that IQ Option is also subject to proper regulation. Since Cyprus is an EU country, its companies are subject to all the EU laws in addition to national laws regarding financial companies. The regulatory authority of Cyprus in charge of enforcing these laws is the CySEC. The official CySEC listing for IQ Option Ltd. mentions that the company is licensed to provide investment services and ancillary services which include portfolio management, investment advice and safekeeping and administration of financial instruments, including custodianship and related services. Thus, in case of any disputes, you can be sure that IQ Option is not an entity that will suddenly disappear. Besides, due to strong EU regulations and CySEC, you can be ensured that the company is undertaking sufficient measures to protect its customers and is not engaged in an outright scam.

IQ Option has a license to offer its services to any citizens of any EU member country as well as several other countries such as Switzerland, Russia, India, Singapore, China, Canada, Brazil, South Korea, South Africa, United Arab Emirates and more. Licenses are provided for accepting customers from these countries only after compliance with any additional requirements in addition to the laws of EU and Cyprus.

IQ Option has 15 global customer support locations. Hence, as long as you are legally accessing IQ Option (without using VPN or impersonation) you can be sure that IQ Option is compliant with the laws in your country and you will be able to seek any assistance you need.

Also, IQ Option has not had any case of a major reported fraud to date. However, in such a case, it is not hard to seek legal redressal against a company which operates by the law and has a physical presence. New traders can get acquainted with the trading process using the demo functionality so that they are not under any false illusion before investing any money.

 

Also, IQ Option separates company’s assets from money owed to customers in the form of possible future withdrawals. In case of insolvency, the customers can be assured that they will be able to withdraw their funds. Thus, IQ Option is a legit financial trading option and not a scam.

NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future. In accordance with European Securities and Markets Authority’s (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.
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