✔️ Information reviewed and updated in April 2024 by Pedro Martínez González

In this section we will tell you why You should NOT invest in IQ Option. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…

A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about IQ Option and we will tell you why we reached such a conclusion:

Basic Information

🌐 Websiteeu.iqoption.com – iqoption.es
🏠 Company*Europe Ltd and IQOPTION LTD
RegulatoryCySEC – Not regulated
📧 Email[email protected] | [email protected] | [email protected]
📈 Leadingown platform
📌 DirectionCyprus and Saint Vincent and the Grenadines.

⚠️ IQ Option is owned by Europe Ltd and IQOPTION LTD, the company is located in Cyprus and Saint Vincent and the Grenadines, a potentially dangerous tax haven for its clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a very unsafe place, be careful. ⚠️

Account types

Now we will analyze the account types offered by IQ Option, in this case, we note that it does not offer account types.

Information on the web

IQ Option website

IQ Option provides the following aids or resources to traders or interested parties: some live charts, explanation of products that IQ Option offers, news about financial events of interest, economic calendar, really not much more than this.

List of phone numbers

+54 115 173 7455 (Argentina) | +56 442 045 012 (Chile) | 01800 519 0167 (Colombia) | (+357) 825808 25 (Cyprus) | +34 90 086 16 12 (Spain – Free) |+34 91 123 87 48 (Spain – Madrid Rate) | +44 20 8068 0760 (London Rate) | +44 80 0069 8644 (England)

🚫 IQ Option Final Rating 🚫

Finally, and in a few words, our recommendation is: DO NOT INVEST WITH IQ Option.

As we mentioned before, it is a financial company located in a place where you will not have the protection of the law in case you are harmed. (St. Vincent and the Grenadines), that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.

In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!

Investing with unregulated brokers or brokers based in such countries is very risky. It is best to invest with a regulated broker, based in a serious country.

Video review of IQ Option


News about IQ Option:

Date Update – news
March 2023We receive a large number of messages from IQ Option clients who claim that they cannot withdraw their capital.

User Reviews

[democracy id = ”6915 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with IQ Option.

At the end of the review you will find customer comments.

How to Claim Money Scammed by IQ Option

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report IQ Option

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.


How can I report IQ Option?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is IQ Option a scam – is it a scam?

We believe that IQ Option is an unsafe company: it is based in Saint Vincent and the Grenadines, it is not regulated, we have received a lot of complaints. In short, it seems to us a very unsafe option.

Is IQ Option reliable?

No. IQ Option is not reliable, it is a very unsafe company: 1) is based in unsafe countries, 2) has a very bad reputation 3) has a lot of complaints 4) has no regulation. These characteristics make the company very unreliable.

How to recover money from IQ Option?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

Are there (recommended) alternatives to IQ Option?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

22 comments on «Is IQ Option a scam? Opinions of 2023»

  1. Leo. Perg. Reply

    Good morning, I have been trying to withdraw my money for more than 2 months, I am from Peru. They don't give me a solution. They don't reply to my messages. I think I have been scammed. I would like to know if it is possible to sue.

    I have approached an expert lawyer and he has told me that they are unregulated and based in Saint Vincent and the Grenadines, which is a location that companies choose to defraud, since the law of my country can do almost nothing in against them. I am very worried, I would like to know if there is any way to get my money back.


    • Recommended-brokers.com Reply

      Hello Leo, it is a broker that scams all its clients. Thank you for your comment about IQ Option. This broker is considered a SCAM. We suggest NOT sending money, they lie to rob you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you lost everything and they keep it.

      If when you request a withdrawal, they ask you for more money to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.

      All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.

      To recover your money talk to our CHAT or click on this link: CLAIM YOUR MONEY


  2. Elena Reply

    Withdrawal of money IQ option

    The Iq option platform wants to block me I don't understand why if all my information is verified and is in my name as well as the electronic wallets everything is in my name help please I need to withdraw my money and my earnings that I have not breached any of your policies help

    • Recommended-brokers.com Reply

      Hello Elena, thank you for your comment about IQ Option. We believe that IQ OPTION broker is very unsafe. We really recommend you work with other types of brokers, unless they are regulated, based in safe countries, have a good reputation on the internet, etc.

      All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.

      To recover your money talk to our CHAT or click on this link: CLAIM YOUR MONEY


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