Brokers  /  IQ Option

IQ Option

Severe risk
🇨🇾 Cyprus · 5-10 years · since 2020-12-18 · IQ Option Europe
Independent ratingshow third parties score this broker
WikiFX1.53/10
Trustpilot/5
Forex Peace Army/5
85
Severe risk
Scam Risk Scoremonitored · 2026-07-06
Lower riskHigher risk
  • Listed as “Fake Broker” in industry watchdog records
  • Identified as a clone / impersonator firm
  • 3 user exposure/complaint reports filed
  • Withdrawal complaints in ~100% of recent reviews
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing9735%
Company age2215%
Clone / impersonation10012%
Withdrawal & exposure complaints5412%
Offshore registration108%
Transparency (site/info/social)10010%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameIQ Option Europe
Headquarters🇨🇾 Cyprus
Founded2020-12-18
Years operating5-10 years
Employees0
Official website
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating
Trading cost rating
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods
Withdrawal methods
Instruments

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
CYSECMarket Making (MM)247/14Cyprus

Review analysis AI

Across 3 recent Trustpilot reviews, 100% are 1–2 star. The single most common complaint is being unable to withdraw funds (3 reports) — the classic warning sign in forex.

0
Period:
What users complain about
Where reviewers are from
Peru1
Malaysia1
Pakistan1

Real user reviews

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About IQ Option

IQ Option is a forex and CFD broker based in Cyprus, with records dating to 2020-12-18. It reports oversight from CYSEC.

FXCanary’s verdict is “Severe.” The combination of weak regulation and user complaints means your capital could be at serious risk.

Overview compiled by FXCanary from regulatory records and public data. full IQ Option review