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I'm sure you've seen or heard that IQ Option is a scam. In a nutshell, IQ Option is a digital investment platform which trades through web and mobile program in a simple way. In this article, we will find out whether IQ Option is reliable.

Moreover, IQ Option is undoubtedly one of the most popular brokers not only here in Brazil but worldwide. However, due to several warnings from the Securities and Exchange Commission of Brazil (CVM) about irregular performance, doubts arise as to whether IQ Option is a fraud.

Moreover, IQ is a very versatile brokerage firm that offers different investment solutions, operating in stocks, cryptocurrencies, Forex, Binary Options, CFD Trader – being the most popular area in which the brokerage firm operates. Therefore, the company has already conquered about 60 million users.

So, you can see that IQ Option is one of the most popular brokers, but due to its complaints, some people wonder whether it is reliable or not, how it works and even if it is a scam.

IQ Option: What is it?

One of the world's largest brokerages emerged in 2013 as a binary options broker. The company's name, in fact, is IQ Option Europe Ltd.

By delivering a complete online trading interface to its customers, IQ Option quickly expanded its operations globally. So today, the company has grown rapidly and operates in 178 countries, is located on the island of Cyprus.

However, in Brazil, the Securities and Exchange Commission (CVM) has banned binary options, however many Brazilians operate options and still advertise this brokerage company on the internet.

However, binary options are taxed as gambling, since IQ Option's users are cheats based on the idea of "all or nothing". In this sense, trading is based on two models: yes or no.

But the promises of digital marketing involving IQ Option are unrealistic, mostly just marketing.

Thus, IQ Option specializes in various financial assets:

IQ Option: Fees

Compared to the other brokers, IQ option is transparent with its fees and commissions.

So check out the fees they charge:

Read more Investment Funds 2022: What are they and which ones are the best?

The broker's website indicates the existence of more than 300 assets available, as stated earlier. However, the most explored function is the possibility of betting on binary options - a system that emerged after the 2008 crisis. This way, one can get the notion that the scheme worked, after all, IQ Option's site is the 23rd most accessed in the country, according to Alexa's traffic analysis.

However, in recent weeks, the problems have been increasing. According to two people consulted by the partner site Portal do Bitcoin, they say they can no longer withdraw money from the platform. One is waiting to receive R$ 1,800 since July; another deposited R$ 3,000 in the program five months ago, but the money disappeared. In addition, hundreds of other people have reported similar problems.

For Vicente Camillo, a smart in financial regulation and former analyst at the CVM, everything points to a new type of financial pyramid:

"It's a machine for grinding people. The platform has blocked withdrawals, and those who leave are the ones who have already made a lot of money. And the last ones end up taking the losses.

"It was my emergency money. I deposited it to earn money and ended up losing everything because they never credited me. And the support doesn't give any answer.
Points out the self-employed Marcus Aurelio, who deposited money in March, but so far, the money has not been debited in his account on the platform.

Another problem is that the brokerage company is registered in Cyprus through CySec - Cyprus Securities and Exchange Commission. And Marcus points out that it is a shell company.

IQ Option – is it fraud?

Thus, the broker has a score of 4.6/10 for the past six months, which leaves it with a negative reputation and a rating as not recommended. At the same time, the score achieved by the broker in the overall category is also not positive, leaving it with a bad reputation, but it has managed to increase by 0.6 percentage points.

Among the complaints, the most common category involves transferring or withdrawing money to the platform. In this sense, looking at the solution rate of 37.4%, the problem appears to be very big.

Thus, the broker has a high rejection rate with its clients, as only 29.7% would use the platform again. In conclusion, most of the users believe that IQ Option Broker might be a fraud, since the problem-solving rate is low.

App Evaluation—IQ Option Broker


Previously it was only possible to access the platform via the Web, but now you have the possibility to operate it via mobile devices. Therefore, the platform is available not only for desktop and notebook computers, but also for smartphones and tablets with Android (Google Play) or iOS (App Store) systems.

However, the IQ Option platform apps need minimum requirements, so you should go to the download page and check them out. In addition, the IQ Platform mobile apps are very secure to operate anywhere in the world. Thus, the app tastes with demonstrated performance and high quality, just like the computer web version.

User reviews

I'm losing money and I'm losing money because of lack of experience, but I keep focused and believing in my potential that one day it will go, don't blame the chart or come to talk that it is a fraud platform, if you want to get into the business, enter knowing that you will win and lose!

Felipe Neto's review on Google Play. Rating: ★★★★★

For now I will give only 3 stars, I'm still only in the loss, in the training account I can win more than lose, when it is in the real account I only lost, it seems that it is manipulation is only the other way around, if you invest up to down, if you invest down to up.

Laudicéia Rodrigues' review on Google Play. Rating: ★★★★

Horrible this app, I only put one star because there is no way to put zero. I made a request for withdrawal and already has a week that I do not receive my money, they keep saying it is in the analysis department that is for security, all this to deposit my money in my account I give advice to all who want to use this application not download.

 

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