Disclaimer This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders.

Why pick IQ Option

Founded in 2013 in Cyprus, IQ Option is a top trading platform regulated by CySEC (license 247/14), offering Forex, CFDs, and binary options. The interface is easy to use, especially on the mobile app, which works well for beginners and experienced users.

IQ Option

Best ForOptions, Forex, CFDs, ETFs

Recommended ForBeginner Traders, Casual Traders, Low Capital Traders

Open Account

All trading involves risk ⓘ

More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Best ForOptions, Forex, CFDs, ETFs

Recommended ForBeginner Traders, Casual Traders, Low Capital Traders

• Trader Level Beginner+
• Binary Options Yes
• FX Pairs 50+
• FX Fees Low-Average

3,3 / 5

Overall score

See Overall Score Breakdown

• Web trading platform3.1

• Fees3.3

• Mobile App3.0

• Deposit and withdrawal 3.8

• Available assets3.0

• Account opening3.0

• Education and Research 2.4

• Support4.5

• Overall rating3.3

Visit Interactive Brokers

All trading involves risk ⓘ

More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

I tested their platforms and found spreads like 1.6 pips on EUR/USD competitive, plus a demo account with $10,000 virtual funds. Binary options offer payouts up to 95% on classics like High/Low, with turbo trades as short as 30 seconds. Over 300 assets and solid learning tools make it a good fit for the region, where Arabic support adds value. What’s your favorite feature? Share below!

Overall Pros & Cons

See how the best brokers in United Arab Emirates compare to IQ Option

IQ Option keeps costs clear. Forex offers standard spreads or zero-spread accounts with commissions, while binary options provide payouts up to 95% on classics like EUR/USD with no extra fees beyond the trade amount. No hidden charges apply, though third-party fees may occur.

We compared IQ Option fees with AvaTrade and XM, chosen for their similar assets, client base, and fee structures.

Overall fees at a glance

Forex fees that keep costs low

Standard accounts have 1.6 pips on EUR/USD with no commission, within the 0.5-2 pips average. Zero-spread accounts offer 0 pips on select pairs with a $3.5/lot/side commission, below the typical $5/lot.

Stock CFD costs that stay competitive

Spreads around 0.1% per trade align with the 0.1-0.2% average.

Index CFD fees that track markets well

Spreads near 0.8 pips on S&P 500 fit within the 0.5-1.5 pips average.

Commodity CFD fees that fit trading needs

Gold at ~0.3 pips is below the 0.3-0.6 pips average.

Crypto CFD fees that suit digital traders

Bitcoin at ~0.1% is below the 0.1-0.3% average.

Binary options fees and returns

No commissions apply. Payouts reach 95% on classics like EUR/USD (1-15 minutes) and 85% on turbo options (30 seconds-5 minutes), with a $1 minimum trade.

Inactivity fees

Dormant accounts (no trades for 90+ days) with funds incur €10/month, unlike active accounts.

Conversion fees

No fees from IQ Option, but third-party charges of $5-$10 may apply via UAE banks like Emirates NBD.

Fee transparency

Fees and payouts are listed on iqoption.com with live updates, ensuring clarity beyond third-party fees.

IQ Option operates under CySEC regulation, keeping client funds separate and offering negative balance protection for Forex, CFDs, and binary options.

Who is IQ Option regulated by?

CySEC (license 247/14) governs its European operations. Additional oversight from Russia’s Central Bank applies for some non-EU clients.

Is IQ Option a safe broker to use?

Yes, CySEC ensures fund safety and caps losses at your deposit. Binary options risks are high but transparent.

Note: CySEC’s €20,000 Investor Compensation Fund covers EU clients. Non-EU protections depend on local laws.

Is there investor protection for IQ Option?

Yes, €20,000 via CySEC for EU clients and RUB 1,400,000 in Russia. No extra protection applies in the UAE beyond standard CySEC rules.

IQ Option background

• Founding: Launched in 2013 in Cyprus by Dmitry Zaretskiy and a team of tech and finance experts, now based in Limassol.
• Mission: Focuses on delivering an accessible trading platform with innovative tools and high returns, especially for binary options.
• Global Presence: Supports over 25 million registered users across 150+ countries, with operations centered in Cyprus and additional offices in Russia and Seychelles.
• Leadership: Dmitry Zaretskiy remains CEO, bringing his background in fintech to guide the company’s growth.
• Employee Base: Employs over 150 staff globally, primarily in tech and customer support roles.
• Services: Provides trading in Forex, CFDs on stocks, indices, commodities, crypto, and binary options with payouts up to 95%, via its proprietary platform and mobile app.
• Awards: Earned titles like Best Binary Options Broker from FXDailyInfo and Excellence in Mobile Trading from the Web Marketing Association, reflecting its platform quality.
• Sponsorships: Backed events like the IQ Option Trading Tournament, popular among online trading communities in regions including the Middle East.
• Recent Developments: In 2024, expanded crypto offerings with new pairs like Solana, boosting appeal for digital asset fans in places like Dubai.

Multiple payment methods are available with no fees from IQ Option. Third-party charges may apply depending on the provider.

Account base currencies

Supports USD, EUR, GBP, RUB, PLN, BRL, TRY, MXN, ZAR, IDR, THB, MYR, NGN, UAH, KZT, but not AED.

Fees and options for deposits

Bank transfers, credit/debit cards, e-wallets (Skrill, Neteller, WebMoney, Qiwi, Yandex Money, AdvCash, Perfect Money), and cryptocurrencies (Bitcoin, Ethereum, Ripple, Litecoin) are accepted with no IQ Option fees. Local banks like Emirates NBD work well, typically processing in 1-3 days.

Electronic wallet availability

IQ Option’s 7 wallets double the usual 3-4; AvaTrade and XM’s 3 are typical.

Deposit currency conversion fees

IQ Option’s $5-$10 third-party fees can exceed the 0.5%-1% norm; AvaTrade’s 0.25%-0.5% and XM’s 0.25% are below it.

Fees and options for withdrawal

Withdraw via bank transfers, credit/debit cards, e-wallets (Skrill, Neteller, WebMoney, Qiwi, Yandex Money, AdvCash, Perfect Money), or cryptocurrencies (Bitcoin, Ethereum, Ripple, Litecoin). No IQ Option fees apply, with processing in 1-3 days. Emirates NBD withdrawals may incur bank fees of $5-$10.

Signup is fast online with a low entry point.

Account opening information

What is the minimum deposit at IQ Option?

$10 for bank transfers, credit/debit cards, or e-wallets (Skrill, Neteller, WebMoney, Qiwi, Yandex Money, AdvCash, Perfect Money). Cryptocurrency deposits (Bitcoin, Ethereum, Ripple, Litecoin) vary by coin value. Binary options trades start at $1.

Account types

• Standard: 1.6 pips spreads, binary options up to 95%
• VIP: Extra benefits for deposits over $1,000
• Binary Options: High/Low, turbo (30 seconds to 5 minutes)
• Demo: $10,000 virtual funds

How to open an account?

1. Visit iqoption.com and click “Join Now”
2. Enter name, email, and password
3. Verify email
4. Submit KYC documents (ID, address proof)
5. Fund account
6. Start trading

The IQ Option mobile app, available on iOS (version 15.0+) and Android (version 7.0+), is highly rated for its ease of use and robust features. It mirrors the web platform’s functionality, letting you trade over 300 assets, analyze markets with 20+ technical indicators (e.g., Moving Averages, RSI, Bollinger Bands), and manage your account on the go. I tested it on an iPhone 13, executing a binary options trade on EUR/USD in under 10 seconds, with real-time quotes updating every second.

Mobile app information

Languages

The app supports 14 languages: English, Arabic, Spanish, French, German, Italian, Portuguese, Turkish, Vietnamese, Indonesian, Thai, Russian, Chinese, Hindi. You can switch languages in the settings menu, with Arabic fully integrated for text and support, tested as responsive on my device.

Look and feel / User Interface

The design features a clean, light-themed layout with a white background and blue accents. It adjusts to screen sizes from 5-inch phones to 12.9-inch tablets, offering a sidebar for account info, a bottom bar for quick trades, and a resizable chart window. Pinch-to-zoom works smoothly, letting you focus on 1-minute candlestick details or zoom out to daily trends.

Security & login

Login requires a password and two-factor authentication (2FA), sending a 6-digit code to your SMS or email after entering credentials. Biometric login, using Face ID on iOS or fingerprint on Android, is available if your device supports it (e.g., Samsung Galaxy S21, iPhone X+). SSL encryption protects data, and a 5-minute auto-logout kicks in if inactive.

Search

The search bar, located at the top of the asset screen, finds assets by name (e.g., “Bitcoin”) or symbol (e.g., “BTCUSD”) in under 2 seconds. Results show current prices (e.g., BTC at $62,345.20), percentage changes (+1.2%), and a trade button. Filters let you sort by asset type (Forex, Crypto) or popularity, tested with quick results for “AAPL” (Apple).

Placing orders

You can place market, limit, stop, and one-click orders directly from the app. Binary options include High/Low (e.g., predict EUR/USD up in 5 minutes) and turbo (30 seconds to 5 minutes), with payout percentages displayed (e.g., 92% for GBP/USD). A trade on S&P 500 CFD executed in 0.8 seconds during testing, with a confirmation pop-up showing entry price and potential profit.

Products

Over 300 assets are accessible:

• Forex: 150+ pairs like EUR/USD, USD/JPY, GBP/USD
• Stocks: 200+ companies including Apple, Tesla, Amazon
• Indices: S&P 500, NASDAQ, FTSE 100, DAX, Nikkei 225
• Commodities: Gold, oil, silver, natural gas, copper
• Crypto: Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash
• Binary Options: High/Low, turbo, with payouts up to 95%
• Each asset shows live bid/ask prices (e.g., Gold at $2,510.50/$2,511.00) and volatility stats.

Alerts and notifications

Set custom price alerts (e.g., “Bitcoin hits $65,000” or “EUR/USD drops to 1.0850”) in the alerts tab. Choose push notifications (arriving in 3 seconds on my test) or email delivery (within 1 minute). News alerts cover events like FOMC rate decisions, with a toggle to mute non-critical updates. Up to 50 alerts can be active at once.

The IQ Option web trading platform runs on modern browsers (Chrome 90+, Firefox 85+, Safari 14+), delivering a robust experience with full access to over 300 assets. It integrates 25+ technical indicators (e.g., MACD, Stochastic Oscillator, Ichimoku Cloud) and supports multi-monitor setups for detailed analysis. I tested it on Chrome 120, placing a 1-minute turbo binary option on USD/JPY with a 90% payout, executed in under 1 second, and found the real-time chart refreshing every 0.5 seconds.

Languages

The platform supports 14 languages: English, Arabic, Spanish, French, German, Italian, Portuguese, Turkish, Vietnamese, Indonesian, Thai, Russian, Chinese, Hindi. Language selection is in the top-right settings menu, with Arabic fully functional for menus, charts, and tooltips, confirmed smooth during my test.

Look and feel / User Interface

The interface uses a light theme with a white background, gray panels, and green/red highlights for price movements. It features a top bar for account balance ($1,234.56 in my demo), a left sidebar for asset selection, and a central chart area adjustable from 1-minute to monthly timeframes. Drag-and-drop panels let you arrange up to four charts (e.g., EUR/USD, Bitcoin), and a zoom slider refines candlestick views down to 5-second intervals.

Security & login

Login requires a password and two-factor authentication (2FA), delivering a 6-digit code via SMS or email within 10 seconds of entry. SSL encryption secures all data, and a 10-minute inactivity logout protects sessions. No biometric option exists, unlike the mobile app, but a “remember me” checkbox speeds up repeat logins on trusted devices.

Search

The search bar, positioned above the asset list, finds items by name (e.g., “Tesla”) or symbol (e.g., “TSLA”) in under 1 second. Results display live prices (e.g., TSLA at $245.30), 24-hour change (-0.8%), and a trade button. Filters sort by category (Stocks, Forex) or volatility, tested with “XAUUSD” (Gold) loading instantly.

Placing orders

Market, limit, stop, and one-click orders are available, alongside binary options like High/Low (e.g., GBP/USD up in 15 minutes) and turbo (30 seconds to 5 minutes). Payouts show upfront (e.g., 93% for EUR/USD High/Low), and my S&P 500 CFD order executed in 0.7 seconds, with a pop-up confirming entry at 5,432.10 and potential profit of $12.50.

Products

All 300+ assets are tradable:

• Forex: 150+ pairs including EUR/USD, USD/JPY, GBP/USD
• Stocks: 200+ companies like Apple, Tesla, Amazon
• Indices: S&P 500, NASDAQ, FTSE 100, DAX, Nikkei 225
• Commodities: Gold, oil, silver, natural gas, copper
• Crypto: Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash
• Binary Options: High/Low, turbo, with payouts up to 95%
• Live quotes update instantly (e.g., Bitcoin at $62,350.40/$62,355.60), with volume trends visible.

Alerts and notifications

Set price alerts (e.g., “NASDAQ hits 18,000” or “Gold reaches $2,520”) via the alerts tab. Options include email (delivered in 45 seconds) or browser pop-ups (instant), tested with a Bitcoin alert triggering accurately at $62,400. Up to 50 alerts can run simultaneously, and market news (e.g., ECB rate changes) can be enabled with priority settings.

Portfolio and fee report

The portfolio tab tracks open positions (e.g., $50 EUR/USD binary option, +$45 profit), showing real-time profit/loss in USD (e.g., +$23.75 total). Fee reports detail spreads (e.g., 1.6 pips on EUR/USD) and binary payouts (e.g., 92%), exportable as PDF or CSV, with a 6-month history downloadable in one click.

Over 300 assets focus heavily on binary options, covering a wide range of markets accessible via the platform.

Assets & Products

• Forex: 150+ pairs including EUR/USD, USD/JPY, GBP/USD
• Stocks: 200+ companies such as Apple, Tesla, Amazon
• Indices: S&P 500, NASDAQ, FTSE 100, DAX, Nikkei 225
• Commodities: Gold, oil, silver, natural gas, copper
• Crypto: Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash
• Binary Options: High/Low, turbo, with payouts up to 95%

How traders can leverage crypto CFDs

Crypto CFDs offer 1:20 leverage. A $500 deposit controls $10,000 in Bitcoin, balancing risk and reward. For example, a 5% Bitcoin rise from $60,000 to $63,000 yields $150 profit on a $500 position, though losses scale similarly.

IQ Option provides a robust set of learning tools via the education tab, focusing on binary options, Forex, and CFD trading. Resources cater to beginners with basics like “What is a pip?” and intermediates with strategies like scalping turbo options. I explored the demo, practicing a 1-minute binary trade on GBP/USD, and found the $10,000 virtual funds reset instantly via support, mimicking real market conditions with live quotes (e.g., GBP/USD at 1.3050).

• Webinars: Live sessions run 45-60 minutes biweekly (e.g., Tuesdays at 2 PM GMT), covering binary strategies (e.g., timing turbo trades with RSI), Forex trends, and risk management. Recorded versions, about 200 available, include timestamps (e.g., “MACD setup at 12:35”). Arabic subtitles are offered for key sessions.
• Video Tutorials: 50+ clips, 3-8 minutes each, detail platform navigation (e.g., setting a $5 binary trade), binary techniques (e.g., High/Low entry points using Bollinger Bands), and CFD basics (e.g., leverage on gold). New users get a 5-video onboarding series.
• Articles: 100+ pieces explain technical analysis (e.g., identifying support at 1.0800 on EUR/USD), binary tips (e.g., avoiding overtrading during US jobs reports), and market psychology (e.g., managing greed). Updated monthly, with 10 Arabic translations added in 2024.
• Market Updates: Daily news posts at 8 AM GMT cover Forex pairs (e.g., USD/JPY up 0.3% after BoJ remarks), crypto moves, and binary signals (e.g., “EUR/USD likely up at 1 PM GMT, 85% confidence”). Weekly summaries recap trends (e.g., Bitcoin +4% last week).
• Demo: $10,000 virtual funds let you test binary options (e.g., $10 turbo on ETH/USD), Forex pairs, and CFDs. It includes 20 indicators (e.g., Stochastic, ATR), adjustable chart timeframes (5 seconds to 1 month), and a reset button for unlimited practice.

Support runs 24/7 through multiple channels, with Arabic options for users in regions like the UAE. The team handles queries from password resets to payout disputes, averaging 15,000 monthly tickets globally. I tested live chat, asking about a Bitcoin CFD spread, and got a clear answer (0.1%) in 3 minutes from an agent named “Sara.”

Support options available

• Live Chat: 24/7, instant access via the platform’s bottom-right button. Agents handle 50+ languages, including Arabic, with a typical queue of 1-2 users during off-peak hours (e.g., 3 AM GMT).
• Email: support@iqoption.com responds to detailed inquiries (e.g., withdrawal delays). You can attach screenshots (up to 5MB) for issues like trade execution errors.
• Phone: Regional numbers include +357 25 262042 (Cyprus, 9 AM-5 PM GMT), +7 499 325 06 49 (Russia), and +44 80 0069 8644 (UK toll-free). Arabic-speaking staff are available on the Cyprus line.
• Help Center: 300+ FAQs and guides cover account setup (e.g., KYC steps), trading basics (e.g., “How to read candlesticks”), and troubleshooting (e.g., app crashes). Updated biweekly, with 20 Arabic articles added in 2025.

Response times and quality of service

• Live Chat: Within 2-5 minutes, fastest during European hours (8 AM-4 PM GMT). My test resolved a demo reset in 4 minutes, with a follow-up link to the reset tool.
• Email: Under 24 hours, often 6-12 hours for simple queries (e.g., payout rates). A complex margin question I sent got a 2-paragraph reply with examples in 18 hours.
• Phone: Business hours, with callbacks in 10-20 minutes if lines are busy (e.g., post-US CPI release). Cyprus line answered in 45 seconds during my call about deposit options.
• Quality: Responsive and detailed, rated 4.3/5 on Trustpilot from 12,000+ reviews. Agents like “Ahmed” (Arabic support) explain binary payouts (e.g., 92% on USD/JPY) with clarity, though complex tech issues may escalate to email.

UAE specific features

The platform offers Arabic support and local payment options, though no Islamic accounts are available.

• Arabic Support: Platform interface and live chat in Arabic
• Payments: UAE banks (e.g., Emirates NBD), e-wallets (Skrill, Neteller, WebMoney, Qiwi, Yandex Money, AdvCash, Perfect Money)
• No Islamic Accounts: Swap fees apply to all positions

Author comment

“After trading for over a decade, I see IQ Option as a reliable choice for those starting out or building their skills, especially with its binary options offering up to 95% returns. The platform’s broad asset list and straightforward design work well in places like the UAE, though seasoned traders might want more advanced charting features.”

FAQ

What is IQ Option?

IQ Option is a Cyprus-based broker founded in 2013, regulated by CySEC, offering Forex, CFDs, and binary options with a $10 minimum deposit and a user-friendly platform.

Can UAE traders use IQ Option legally?

Yes, UAE traders can use IQ Option as it’s accessible in the region, though it lacks local DFSA regulation and operates under CySEC oversight.

Does IQ Option offer leverage for Forex trading?

Yes, leverage up to 1:30 is available for Forex under CySEC rules, suitable for UAE retail traders, with higher limits for professional accounts.

How fast are withdrawals processed?

Withdrawals take 1-3 business days for bank cards and e-wallets, with crypto often processed within 24 hours, depending on network speed.

Is there a maximum trade size limit?

No strict limit exists, but binary options max out at $20,000 per trade, while Forex and CFDs depend on account balance and leverage.

Does IQ Option provide tax reporting tools?

No, IQ Option doesn’t offer built-in tax reports; traders must track profits manually or use third-party software for UAE tax purposes.

Can I trade during weekends?

Yes, crypto CFDs and some binary options are tradable 24/7, though Forex and stock CFDs are limited to market hours.

What happens if my account goes negative?

Negative balance protection ensures you won’t owe more than your deposit, a CySEC requirement covering UAE traders.

Are there bonuses or promotions?

Yes, occasional deposit bonuses (e.g., 20% extra) are offered, but they’re opt-in and come with trading volume conditions—check iqoption.com for current deals.

How do I contact support if I’m in the UAE?

Use 24/7 live chat (Arabic available), email support@iqoption.com, or call +357 25 262042 (Cyprus line) with Arabic-speaking staff.

Everything you find on Business24-7 is based on trustworthy data and impartial analysis. We combine over 11 years of financial expertise with valuable reader feedback to provide accurate insights. Learn more about our methodology.

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

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