IQ Option Malaysia
Updated October 17, 2023
IQ Option is an award-winning online forex and CFDs broker that emerged around 2013 as a binary options trading platform. The broker has its headquarters in Cyprus, and that is where it is registered and regulated by top-tier the Cyprus Securities and Exchange Commission (CySEC). IQ Option got its licence in 2014. The online platform is incredibly user-friendly and jam-packed with features, providing a great trading environment for traders of all skill levels.
IQ Options provides the freedom to trade lots of financial instruments such as Options and CFDs of several popular asset classes such as Forex, Commodities, Stocks, Cryptocurrencies, and ETFs. The broker offers a proprietary trading platform across all types of devices. IQ Option has the most lucrative trading costs among its competitors, making it more trader-friendly than others. This might be a big reason for the trust of over 40 million users who trade with IQ Options. New traders have almost negligible entry barriers with plenty of funding options and very low minimum deposit requirements. The broker also offers a nice educational section and has its own blog.
Demo account: $10,000 refillable Min. investment: $1
IQ Option Pros and Cons
IQ Option is the top binary options trading platform. Strict regulation and a vast product portfolio also make it a safe and sound option for traders. The IQ Options trading app is a straightforward and fully customisable platform available on almost all devices. Free demo trading provides new traders a glimpse of how trading works and how to create a strategy and execute trades in real-time markets. The broker requires a relatively low minimum deposit to get started. 24/7 customer support is also a plus point for traders. Segregated clients’ funds and investor compensation funds are huge reasons to feel safe while trading with IQ Options.
On the other hand, IQ Option does not accept clients from the US. Also, the leverage offered for non-professional clients is comparatively low. The broker does not offer fixed spread or zero spread accounts at all. The trading platform might not be suitable for low-end devices. In addition, the broker does not allow scalping.
Here are the advantages of trading with IQ Option:
- Regulated broker
- Client funds in segregated bank accounts
- Investor Compensation Fund (ICF)
- Good portfolio of trading instruments
- User-friendly platform
- Advanced tools
- Charitable work
- Demo trading
- Simple and customisable
- Big payouts
- Native user interface
- Low minimum deposit
- Binary Options and Digital Options trading
- Forex, Commodities, Cryptocurrencies, Stocks, and ETFs
- Reliable trading platform
- 24/7 client support
- Mobile application
- Customizable UI
- Recognised track record
- Flexible funding options
- Seamless, secure, and fast trading app
- Islamic accounts
- Competitive trading fees
- Fast execution of trades
- Free deposits
Here are the disadvantages some traders might face with IQ Option:
- USA clients not accepted
- Restricted leverage
- No fixed spread or zero spread accounts
- Trading platform suitable only for mid to high-end devices
- Scalping not allowed
- Not FCA Regulated
- Only one trading platform
- Limited educational and research resources
- Withdrawal fee may apply
Available Account Types
IQ Option currently offers two types of trading accounts: Standard Account and Professional Account
Both types of accounts have different minimum deposit requirements, offered leverage, and a priority-based trading environment.
It’s worth mentioning that the broker also offers demo trading for newbies and learners who want to check the trading conditions of the platform.
On the other hand, the traders with Islamic faith can also apply for Islamic accounts to trade without any interests and swaps involved.
IQ Option Investment Products
IQ Option is a unique online broker that provides the opportunity of trading options and CFDs of multiple asset classes in one place. The financial instruments provided are from the popular asset classes, including forex, commodities, cryptocurrencies, stocks, and ETFs. There are 25 forex pairs, 179 stock CFDs, 35 cryptocurrencies, 4 commodities, and 23 ETFs available to trade in the competitive trading environment, making a handsome product portfolio of over 250 trading instruments. It’s worth mentioning that cryptocurrency trading is available 24/7 on IQ Option.
On the other hand, IQ Option does not offer trading instruments of other popular asset classes such as indices and bonds. It would be nice to see those asset classes on this platform.
Commission, Spreads and Fees
IQ Options has very competitive trading costs in terms of spreads and commissions. The broker offers very tight spreads and does not have any commissions as all the trading costs are included in spreads. However, there are overnight fees for some assets. Then there is a certain custodian fee for trading each cryptocurrency and no custodian fee for some cryptocurrencies as well.
Here is the breakdown of the trading costs of IQ Option:
|EURUSD 0.7pip and 0.005%
IQ Option Deposit and Withdrawal Fees
IQ Option has a variety of payment methods to make deposits and withdrawals. The broker does not charge any deposit fee for any deposit methods. However, before making a deposit, you should check the service charges that your service provider may apply for each transaction.
On the other hand, IQ Option charges a withdrawal fee per transaction for each payment method starting from 2% per transaction. It’s worth mentioning that the broker does not charge any withdrawal fee for processing the first withdrawal of each month.
Suppose a user does not conduct any trading activity (placing, modifying, or closing position) for 90 consecutive calendar days. In that case, the broker reserves the right to charge an Inactive Account fee of EUR 10. The inactive account fee is deducted monthly from the Client’s account balance until a trading activity is conducted again. However, if the account balance is less than the fee, the account balance is left with zero balance.
Platforms and Tools
IQ Options offers its proprietary trading platform that is available across multiple devices and interfaces.
IQ Option Trading App
IQ Option has the award-winning proprietary trading platform that is accessible for desktop (Windows/Mac), online, and mobile (iPhone/iPad/Android/Tablet). The platform is jam-packed with valuable features, and it would be hard to cover them all in one review. Let’s look at each feature comprehensively.
The UI of the IQ Option platform is incredibly slick and user-friendly. Everything is well-organized, making for a pleasant trade environment. The simple style makes it suited for new traders, but the complex capabilities will appeal to more experienced traders.
The platform’s primary role is to provide charts of trading assets. Trading instruments may be simply found by name or market. When you hover over an instrument, you’re providing a description and an overview. When you click the instrument, a new chart for that asset appears on the platform. You may have numerous assets open at the same time and flip between them easily. You can click on any asset to obtain a more thorough summary, which includes pricing, charts, and sentiment.
The platform’s charts are aesthetically pleasing and available in a variety of periods ranging from 1 second to 30 days. Charts provide all relevant information about the current asset, such as real-time price quotations (bid/ask), the open, close, high, and low. Charts can be shown as lines, bars, candles, or Heikin-Ashi. If you want to examine numerous charts at the same time, you may select from a variety of chart layouts.
The platform includes basic controls that allow you to enter and depart positions fast and effortlessly. You may define the size of the position as well as the time. Trading has been made as simple as possible by IQ Option.
The platform offers easy controls for entering and exiting positions fast and efficiently. You can choose the size of the place and the time. IQ Option has made trading as simple as possible.
Many technical indicators are available, including the moving average, MACD, RSI, Stochastics, Bollinger Bands, envelopes, and CCI. Interestingly, in addition to the most common indications, the IQ Option provides some more complex indicators that are not available in other platforms such as MetaTrader 4. (MT4). Keltner channels, the Aroon oscillator, and the ZigZag indicator are all included. Indicators may be simply added and deleted from charts with a few clicks, and each indication has an explanation as well as the option to alter the input values to fit your trading approach.
The platform also includes a number of handy widgets that you may allow to appear in your trading environment.
- Sentiment Widget: This widget shows the percentage of IQ Option traders who are buying or selling the current asset. Sentiment research is frequently utilised in conjunction with a contrarian trading approach.
- High & Low Values Widget: The high and low widget displays the chart’s high and low prices.
- Social Widget: The trades of other people widget displays the history of trades on the asset over the last three days and allows you to examine the trades of other users directly on the chart.
- News Widget: The news widget presents the most recent economic news and can be utilised in conjunction with fundamental analysis.
- Volume Widget: The volume widget displays how much of the specified asset was sold and acquired in a given time period.
Once you’ve created and customised the charts to your specifications, you may save the templates to use on additional charts now or in the future.
IQ Option Account Management
You may get an overview of your account on the site, including the balance, the amount invested, profit and loss. You can see your whole portfolio of open and pending positions, as well as your trading history, and make fast deposits.
There is a chat box within the site where you may converse with other traders about various markets and instruments. You may also obtain help via the chat window 24 hours a day, 7 days a week.
IQ Option Market Analysis
You may watch market news from a variety of sources on the site. This can be used in conjunction with fundamental analysis.
- News Feed: The news stream offers the most recent market news from a number of sources. This information may be utilised to identify prospective trading opportunities and to stay up to speed on the latest financial market developments.
- Calendar: The calendar displays the most recent economic news releases, the predicted effect, and the affected markets. Each release’s current, past, and predicted outcomes are presented.
- Earnings Calendar: The earnings calendar illustrates the most recent price movements for various assets.
- Crypto Calendar: The cryptocurrency calendar shows cryptocurrency events both previous and upcoming.
The website includes a series of video lectures that cover a variety of subjects such as trading multiple markets, technical analysis, fundamental analysis, and more.
You may specify alerts to be delivered through the platform or via push notifications when assets reach a specified price. This can be a great method to keep an eye on the markets without checking the charts regularly.
|MetaTrader 4 (MT4)
|MetaTrader 5 (MT5)
|Proprietary (e.g. WebTrader, AvaTradeGO, AvaOptions, AvaSocial, etc)
|Other (e.g., ZuluTrade, DupliTrade, Ninja Trader, Trade Station, etc.)
IQ Option offers a diverse set of trading tools, the majority of which are embedded inside the trading platform. As part of a trading strategy, these instruments can be used to analyse markets.
The IQ Option website has a news feed that includes the most recent news from various markets from a range of sources. The news may be sorted according to the asset class.
IQ Option provides historical currency exchange rates as well as other financial instruments. You may pick the time periods for which you want to examine historical quotations and use them to test strategies and conduct technical analysis.
Using the calendars provided, you can stay updated on the latest economic events and earnings release estimates. As part of basic analysis, this can be useful.
Economic Calendar: It provides a collection of financial events in chronological order. Speeches, unemployment figures, inflation indices, resource estimates, and other events are covered. The calendar displays the events’ effect rating, the markets affected, and the outcomes. You can filter the events based on the user’s preferences.
Earnings Calendar: It allows you to keep track of firms that are slated to report earnings during the next week.
IQ Option Research and Education
IQ Option provides various helpful instructional tools, such as general trading manuals and video training. However, the broker lags in providing useful technical research tools such as AUtoChartist, Trading Central, and trading calculators. The broker does not hold podcasts or any seminars.
IQ Option has a stock collection where they display several investing collections. All of the instruments in a collection may be viewed in detail, as well as their historical performance.
IQ Option has gathered and categorised several new and existing industries. You may see a description of each industry as well as the historical performance of all the firms inside it.
The IQ Option website provides several simple video courses covering a variety of subjects such as the fundamentals of trading, different markets, analysis, financial news, and how to utilise the IQ Option platform.
IQ Option offers a Blog section where you can find all sorts of educational material. Such as basics of trading dynamics, strategies, and money management. Then you can also keep yourself up to date with the news articles about global markets.
|Other (e.g., Trading Calculator)
IQ Option Deposit and Withdrawal
IQ Option offers 4 account base currencies: EUR, USD, GBP, RUB. So if you are using one of these currencies from your payment options, there will be no conversion charges applied. The broker accepts the funding options of debit/credit cards and some popular electronic payment options. However, some payment methods might not be available in your country, and wire transfer and cryptocurrency transactions are not accepted. Here are the payment options:
Regulation and Safety
Since 2014, IQ Option has been licenced and regulated. They are regulated, giving consumers peace of mind that they are dealing with a respectable and trustworthy online broker who must adhere to tight regulatory criteria and globally recognised financial standards. IQOption Europe Ltd is a European Economic Area (EEA) nation that is licenced in Cyprus by the Cyprus Securities and Exchange Commission (CySEC), allowing them to sell certain goods and services to other countries. CySEC oversees the operations of financial service providers to verify that they are following the rules and regulations of the Republic of Cyprus and the European Union.
|SFC (Hong Kong)
|Other (e.g. ADGM FRSA, BVI, CBI, FFAJ, FSCA, etc)
European corporations face some trading limitations because of the European Securities and Markets Authority’s (ESMA) influence. ESMA is a financial regulatory body and European Supervisory Authority based in Paris. One of the limitations is that leverage is restricted to 1:30. The Investor Compensation Fund (ICF) protects eligible clients in the event of a suit against a broker who is unable to meet financial commitments. Client monies are kept separate from corporate funds in segregated bank accounts. This helps to guarantee that money is not diverted for other purposes, such as operating expenses.
IQ Option is not a publicly-traded company. Therefore, its financial statements are not public. Also, the broker does not hold a banking licence.
IQ Option provides its customers support 24/7 to its clients in many languages. You can contact customer support via phone, email, and live chat.
IQ Option Summary
IQ Option is a well-known online broker that offers a wide selection of trading instruments across numerous asset classes. It is strictly regulated in a number of nations. The site is extremely user-friendly, with a plethora of handy tools and features for quick and easy but educated trading. The broker’s philanthropic activity is extremely friendly, and the online network is a great place to exchange ideas and meet like-minded traders.