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IQ option review 2021, user comments & rating


IQ option review – IQ option is one of the fastest growing online trading brands in the world. Voted the best mobile trading platform, also offerings to include cfds on stocks and etfs, forex trading, and the exclusive IQ option product called digital options. First founded in 2013, IQ option has grown massively, and now has over 40 million members and counting! The platform itself has also undergone some changes since 2013, and they are constantly working to ensure it is fast, accurate and easy to use.


IQ option review & rating


brokersinfo
broker website website
company nameIQ option
foundation year2014
regulatedFCA, cysec, CONSOB, CNMV, AFM, regafi, finantsinspektsioon, czech national bank
locationUK, cyprus, seychelles
broker typeSTP | binary
deposit & base currency10 USD – JPY, ‎RUB, EUR, USD
US tradersno
max. Leverage1:300

Regulation details



  • IQ option UK – located in the united kingdom, regulated by the financial conduct authority (FCA).

  • IQ option CY – located in cyprus, regulated by the cyprus securities and exchange commission (cysec).

  • IQ option SEY – legally registered entity located in the seychelles, but not regulated by any government agency.

  • IQ option is also registered and supervised by the CONSOB (italy), the CNMV (spain), the AFM (netherlands), the regafi (france), the finantsinspektsioon (estonia), the czech national bank (czech republic).


Advantage



  • Authorized and regulated by authorities in several jurisdictions.

  • Various binary options available for trading.

  • Daily and monthly tournaments held for traders.


Contact information


Address – hinds building, kingstown, st. Vincent and grenadines



IQ option review 2021


IQ option offers forex trading on a few number of currencies. The spreads are higher than other competitors.


GBP/USD spread15 pips
EUR/GBP spread16 pips
EUR/USD spread12 pips
assets50+


IQ option is one of the leading cryptocurrency brokers. You can have your own wallet and trade a huge number of cryptocurrencies.


Account opening


To register for an iqoption account, you must provide iqoption with information that includes identity verification, web registration, the client’s real identity and real-world contact details, a copy of a passport or other picture identification, and a completed application. Iqoption reserves the right to ask for additional documentation as well, and the process may vary slightly depending on the country in which the client resides. Clients have up to ten days to complete the registration process, and iqoption then has 30 days to process the client’s application.


You can begin your iqoption trading experience by opening a practice, or demo, account. The demo account allows you to practice making transactions using virtual funds. Your demo account will come pre-loaded with $1,000 in virtual funds so you can initiate virtual trades and get the feel for how the app works. Virtual funds have no actual monetary value.


If you decide to, you can then convert your demo account over to an account that uses real funds. You’ll simply click on your account balance in the upper right-hand corner of your screen. Here you’ll see all the types of accounts: your demo account, your real account, and any trading tournaments you’ve entered. To activate your real account, just click on it to switch it to active. A minimum deposit of about $10 is required to activate a standard account. No minimum deposit is required for a demo account.


For those traders who invest a minimum $1900 or the equivalent in any valid currency, iqoption offers a VIP account. Traders with VIP accounts are required to reach a trade volume of at least $15,000 or the equivalent in any currency. Perks of a VIP account include access to a personal account manager, monthly personalized reports on your trades, and an additional 3% in returns.


Traders from these countries are able to use iqoption (this list is not exhaustive):


Countries
denmarkfrancehong kongindiakuwait
luxembourgnorwaysaudi arabiasingaporesouth africa
swedenthailandqatarunited arab emiratesunited kingdom


Traders from these countries are not allowed to do business with iqoption, due to legal and regulatory reasons:


Countries
australiabelgiumcanadagermanyiran
israelitalyjapannetherlandsthe palestinian territories
romaniaturkeyspainsudansyria
russian federationunited states


Demo account


Commissions and fees


Iqoption lists a table of fees under the terms and conditions on its website. Users are advised to familiarize themselves with the table of fees before doing any trading for actual funds on the site. Depending on the type of financial instrument being traded, the user may be charged a one-off cost based on the spread of trade, a swap fee, dormant account fees, and a maintenance fee.


Cfds on cryptocurrencies are subject to brokerage commission fees. These cfds in particular may also be subject to maintenance fees, which range from 0.25% to 2.5%.


In addition to these costs, all users will be charged a flat 2% withdrawal fee when withdrawing certain types of currencies. Examples of these currencies include philippine pesos, russian rubles, U.S. Dollars, and euros. Withdrawal fees are charged to the client’s fourth withdrawal of any calendar month; clients are entitled to the first three withdrawals for free.


Accounts that are inactive for over 90 days are subject to dormant account fees. Dormant account fees may not exceed the balance of the client’s account. Traders who close their accounts may also be subject to a verification account closure fee. Iqoption does not charge deposit fees.


DescriptionIQ option
account feeno
deposit fee$0
withdrawal fee$0
inactivity feeyes


Deposit and withdrawal


Iqoption lists a table of fees under the terms and conditions on its website. Users are advised to familiarize themselves with the table of fees before doing any trading for actual funds on the site. Depending on the type of financial instrument being traded, the user may be charged a one-off cost based on the spread of trade, a swap fee, dormant account fees, and a maintenance fee.


Cfds on cryptocurrencies are subject to brokerage commission fees. These cfds in particular may also be subject to maintenance fees, which range from 0.25% to 2.5%.


In addition to these costs, all users will be charged a flat 2% withdrawal fee when withdrawing certain types of currencies. Examples of these currencies include philippine pesos, russian rubles, U.S. Dollars, and euros. Withdrawal fees are charged to the client’s fourth withdrawal of any calendar month; clients are entitled to the first three withdrawals for free.


Accounts that are inactive for over 90 days are subject to dormant account fees. Dormant account fees may not exceed the balance of the client’s account. Traders who close their accounts may also be subject to a verification account closure fee. Iqoption does not charge deposit fees.


Deposit & withdrawal methodavailable
VISA / mastercard / maestro
credit/debit cards
paypal
bank transfer
skrill
neteller
giropay
webmoney


Regulation and reputation


Based in the mediterranean nation of cyprus, iqoption is regulated by the cyprus securities and exchange commission (cysec). As such, iqoption is authorized to do financial business with residents of the european economic area (EEA). Iqoption is also an mifid compliant broker, meaning it complies with the european union’s markets in financial instruments directive regulation. In compliance with cysec regulations, the company is not allowed to offer any kind of deposit bonus to users. The company must also comply with know your customer (KYC) and anti money laundering (AML) regulations.


For clients who live outside of the EEA, iqoption has a sister company, known as IQ option ltd. This arm of the company is located in mahe, seychelles, and regulated by the seychelles financial services authority (FSA).


Iqoption review in the media is generally positive. An iqoption review by management today stated that, “iqoption’s management sees the company’s main objective as offering the best possible trading conditions to all its clients.” in 2017, live trading news said that iqoption “makes binary options trading smoother than ever before.”


The huffington post’s tech column, writing in an explainer article about binary trading options, gives the iqoption review that novice binary traders should use iqoption, mentioning that the demo account will allow novice traders to get a feel for what the real thing will be like. Huffpost tech also notes that the company has one of the most important marks of safety and quality: namely, that the company is regulated by cysec, a trustworthy financial regulatory agency. Further, it notes in its iqoption review that the user-friendly platform allows users to analyze assets by price and that the experience is both easy and rewarding.


Another iqoption review states that as of 2018, the app had over 41 million users from 213 different countries around the world.


Trading platforms


The trading schedule is updated every monday, so the numbers listed in this section are approximate and are subject to change as the site is updated.


Iqoption offers five kinds of cfds:



  1. Cfds on commodities

  2. Cfds on cryptocurrencies

  3. Cfds on currency pairs

  4. Cfds on etfs

  5. Cfds on stocks



Traders on iqoption can also trade currencies and cryptocurrencies. Cryptos that can be traded on iqoption include bitcoin, ethereum, litecoin, and ripple.


Web trading platform


IQ option offers a web trading platform in many different languages.


User experience


The web trading platform is well-designed, modern looking and has a few appearance options, so that the users can adjust it to their needs.



The platform offers an in-built search function, where users can find any products they’d like to invest. The search function works well and without any problems. You can even filter the results by different commodities, as seen in the image below.


Orders


Iqoption allows for the following order types, allowing for various short-, medium-, and long-term strategies:



  • Multiplier: this coefficient allows the trader to increase the return on the investment, but also increases the amount of risk.

  • Purchase at: also known as pre-order, this order allows the trader to set the market price at which an order should be initiated.

  • Stop loss: when a stop loss order is triggered, the trade is closed, allowing the trader to set the maximum amount of loss that he or she will allow.

  • Take profit: this type of order works like a stop loss, except that instead of setting the allowable amount of loss, it sets the allowable amount of profit.

  • Trailing stop: these orders are a dynamic type that allows the trader to automatically close certain order when they begin to lose value as part of an overall strategy.



Charting


The trading platform has well-designed charts, with a few options to modify the chart type.


Others


You can use different calendars while you’re on the platform. Some examples:



  • News calendar

  • Earnings calendar



Desktop trading platform


IQ option currently does not offer a desktop trading platform.


Mobile trading


Iqoption review in the media is generally positive. An iqoption review by management today stated that, “iqoption’s management sees the company’s main objective as offering the best possible trading conditions to all its clients.” in 2017, live trading news said that iqoption “makes binary options trading smoother than ever before.”


The huffington post’s tech column, writing in an explainer article about binary trading options, gives the iqoption review that novice binary traders should use iqoption, mentioning that the demo account will allow novice traders to get a feel for what the real thing will be like. Huffpost tech also notes that the company has one of the most important marks of safety and quality: namely, that the company is regulated by cysec, a trustworthy financial regulatory agency. Further, it notes in its iqoption review that the user-friendly platform allows users to analyze assets by price and that the experience is both easy and rewarding.


Another iqoption review states that as of 2018, the app had over 41 million users from 213 different countries around the world.


Markets and investment products


The minimum deposit required to trade varies by the type of asset being traded.


Options


Iqoption trades options in 11 industries:



  • Communication services

  • Consumer discretionary

  • Consumer staples

  • Energy

  • Financials

  • Health care

  • Industrials

  • Information technology

  • Materials

  • Real estate

  • Utilities



In total, as of february 2020, iqoption offered 55 different options, including alibaba, gold, mcdonald’s, and tesla.


Forex


Again as of february 2020, iqoption offered 50 different forex pairs. Forex pairs compare one unit of currency to another. Examples would be U.S. Dollar/russian ruble, euro/new zealand dollar, and great british pound/japanese yen.


Stocks


Iqoption offers approximately 169 different stocks to trade. A few examples of iqoption’s stocks include:



  • Amazon

  • Coca-cola

  • Colgate-palmolive

  • Commerzbank (germany)

  • General electric

  • IBM corporation

  • Microsoft

  • Pinterest, inc.

  • Quest diagnostics

  • Salesforce.Com



Cryptocurrency


Iqoption allows clients to trade in 27 different kinds of cryptocurrency as of february 2020. They include everything from well-known cryptos including bitcoin, bitcoin cash, and ethereum to lesser-known cryptos that include omisego, cosmos, ontology, and NEO. The company also offers its own cryptocurrency wallet, hodly,


Commodities


Five commodities are available to trade on iqoption:



  1. Crude oil brent

  2. Crude oil WTI

  3. Gold

  4. Platinum

  5. Silver



Indices


Indices are included among the assets available on iqoption.Com. However, as of february 2020, no indices were listed as being available at the moment.


Etfs (exchange-traded funds)


25 etfs are available on iqoption. They include energy SPDR, gold miners ETF, MSCI mexico ETF, oil services ETF, S&P 500 ETF, ultrashort S&P500, and U.S. Real estate ETF.


Customer support


Clients can call iqoption customer service 24 hours a day, seven days a week from toll-free numbers in several countries that include: mexico, brazil, portugal, spain, india, and colombia. Phone numbers are also available for the U.K., australia, south africa, argentina, singapore, chile, and thailand, although toll fees are applicable in these countries. About 90 customer service representatives monitor and respond to these phone lines.


Iqoption customer support offers its services in a total of 14 different languages. In addition to these phone numbers, clients can also get in touch with the company through email or live chat. The average response time for a live chat is about 14 minutes, according to one iqoption review.


The general support email address is support@iqoption.Com.


Education


Iqoption offers a large number of video tutorials to help clients learn to trade successfully, navigate the website, and get the most out of their iqoption experience. Its “how to trade CDF?” video gives users a basic introduction to one of the most popular financial instruments available on the app.


Video tutorials are divided into the following categories:



  • About us: these videos answer questions about the iqoption company itself.

  • CFD trading: more in-depth information than that offered in the introductory video.

  • Common: this category includes videos that answer frequently asked questions about the app and about options trading in general.

  • Crypto digest: one of the largest categories on the site, this collection contains news and events about cryptocurrency from all around the world.

  • Fundamental analysis: these videos describe how to use financial news and the calendar to make trades.

  • Market news: one of the largest categories of videos, with news from all the different markets in which iqoption clients can invest.

  • New features (self-explanatory)

  • Options trading (self-explanatory)

  • Technical analysis: these videos explain specifically how technical analysis is used in options trading. Indicators for technical analysis that can be found within this app include average directional movement index (ADX), average true range (ATR), awesome oscillator, bollinger bands, commodity channel index (CCI), moving average convergence divergence (MACD), parabolic SAR, relative strength index (RSI), and stochastic oscillator. In all, the apps use approximately 20 of these indicators.



Pros and cons



  • An affiliate program allows traders to earn a commission by recommending the platform to others. The affiliate dashboard includes a suite of promotional materials that help the trader be able to promote their affiliate link.

  • Charts on the app are large and easy to read, making it easy for users to monitor market conditions as they trade.

  • Customer service is available 24 hours a day, 7 days a week, and 365 days a year.

  • Economic calendars, historical quotes, market updates, multi-chart layouts, volatility alerts and other tools are available in the app. The platform offers a large number of trading tools that can’t be found on other binary trading apps.

  • Iqoption is completely SSL encrypted, helping keep clients’ data safe from hackers.

  • Iqoption’s apps are intuitive, easy to use, and easy to navigate.

  • Minimum deposits on iqoption vary, but are generally kept around 10 U.S. Dollars. The affordability and ease of use of the app make it open to users who might not otherwise trade in the binary options market.

  • No need to wait for a market’s opening time; trading is available around the clock, no matter where in the world you’re located.

  • Regulation by a reputable financial regulatory agency, cysec, helps ensure that the platform is safe to use.

  • The app is flexible, allowing traders to adjust their ratio of risk to profit in real time, even if the price of an option goes down.

  • The global banking and finance review awards 2015 awarded iqoption the best binary options broker in europe 2015 award.

  • The platform is suitable for day trading.

  • The smallest possible trade amount, on certain financial instruments, is an affordable $1.

  • Trading tournaments allow traders, for a small fee, to enter into direct head-to-head trading competitions that award prizes. Prizes range from cash to experiences; aston martin race day experiences have been given out as prizes in the past.



  • A limited number of cryptocurrencies are available through the app. Iqoption could improve its appeal to a wider number of traders by adding additional crypto options.

  • Cfds may not be the right financial instrument for all traders, due to the volatility inherent in the CFD market. Binary options have only two outcomes: the investor either makes a profit or loses all of the funds they’ve invested. An estimated 74% to 89% of all retail traders lose money overall when investing in cfds.

  • If you’re looking to trade loans, iqoption is not the platform for you, since loans can’t be traded on the platform.

  • Indices don’t seem to be currently available.

  • Only traders from certain countries are able to use the app.

  • Some types of financial instruments cap the maximum allowable investment at $10,000, which may be a disadvantage for those who want to execute large trades.

  • The app isn’t integrated with metatrader 4 (MT4) or with ctrader.

  • Trading tournaments are not available to clients who live inside the EEA.


The bottom line


A quick iqoption review of the financial instruments the company offers through its apps:



  • 5 commodities

  • 27 cryptocurrencies

  • 25 etfs

  • 50 forex pairs

  • 55 options

  • 169 stocks



Iqoption review is typically positive, focusing on the ease of use for those who want to get into binary options and particularly cfds. Regulated by the cysec, the company is generally thought to be a safe and reliable way to trade binary options and other financial instruments. It offers clients the chance to trade stocks, forex, cryptos, commodities, and etfs.


A wide variety of financial analysis tools and educational materials to help traders make the most of their experience are available within the app. Check to see whether the app is available in your country before you try to download it, unless you plan to use only the demo account. Overall, though, the apps have very few drawbacks compared to their strengths, whether you access them online, through the mac or PC app, or in one of the mobile versions.



IQ option review 2021, user comments & rating


IQ option review – IQ option is one of the fastest growing online trading brands in the world. Voted the best mobile trading platform, also offerings to include cfds on stocks and etfs, forex trading, and the exclusive IQ option product called digital options. First founded in 2013, IQ option has grown massively, and now has over 40 million members and counting! The platform itself has also undergone some changes since 2013, and they are constantly working to ensure it is fast, accurate and easy to use.


IQ option review & rating


brokersinfo
broker website website
company nameIQ option
foundation year2014
regulatedFCA, cysec, CONSOB, CNMV, AFM, regafi, finantsinspektsioon, czech national bank
locationUK, cyprus, seychelles
broker typeSTP | binary
deposit & base currency10 USD – JPY, ‎RUB, EUR, USD
US tradersno
max. Leverage1:300

Regulation details



  • IQ option UK – located in the united kingdom, regulated by the financial conduct authority (FCA).

  • IQ option CY – located in cyprus, regulated by the cyprus securities and exchange commission (cysec).

  • IQ option SEY – legally registered entity located in the seychelles, but not regulated by any government agency.

  • IQ option is also registered and supervised by the CONSOB (italy), the CNMV (spain), the AFM (netherlands), the regafi (france), the finantsinspektsioon (estonia), the czech national bank (czech republic).


Advantage



  • Authorized and regulated by authorities in several jurisdictions.

  • Various binary options available for trading.

  • Daily and monthly tournaments held for traders.


Contact information


Address – hinds building, kingstown, st. Vincent and grenadines



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IQ option malaysia review 2021


IQ option is not a safe broker as per our review because they are not regulated with any top tier regulator. Read our full review to find why we don't recommend them.


Regulated by: unregulated


Headquarters: st. Vincent and grenadine


Foundation year: 2013


IQ option is a forex, CFD, and binary options broker that accepts traders from malaysia. The company was founded in 2013 and is registered in st. Vincent and grenadine. They have a dedicated website for malaysian traders. They currently have more than 48 million registered users. They have operations in 189 countries as of 2020.


Even though IQ option is a popular broker, especially for options trading, they do not seem to be well-regulated. They are not licensed to operate by any major financial authority in the world.


Note: IQ option is not a safe broker as per our research, and we consider it a high risk broker.


IQ option offers islamic accounts for islamic traders that does not charge any interest (except when trading leveraged cfds). IQ option offers two primary types of accounts: the basic account and the VIP account. The VIP account comes with certain privileges but a trader needs to deposit more money and have a higher trading volume.


IQ option offers its own proprietary trading platform for traders to use. Their trading platform is available on both windows and macos desktops. It can also be accessed through a web browser. They do not offer the metatrader 4 or the metatrader 5 trading platforms.


Overall, they offer a wide variety of instruments to traders. Traders can access 76 forex pairs, 177 stock cfds, 89 options, 26 cryptocurrencies, 4 commodities, and 23 etfs.


In this IQ option review, we will discuss everything you need to know about IQ option before trading with them. We will cover the pros and cons, safety, trading platforms, fees, trading instruments, accounts, customer support, and more.



  • They do not charge deposit fees.

  • IQ option offers auto-close function to traders in malaysia

  • They have a dedicated website for malaysian traders

  • They offer an islamic account to malaysian traders.

  • They offer a wide variety of instruments to trade including binary options and cryptocurrencies.




  • They are not well-regulated and are not considered a safe broker to trade through.

  • They do not provide their services in malay.



IQ option malaysia – A quick look


�� our verdict on IQ option #9 forex broker in malaysia
�� broker name IQ option
�� typical EUR/USD spread 0.005%
�� year founded 2013
�� website https://iqoption.My/
�� IQ option minimum deposit $10
⚙️ maximum leverage variable leverage
⚖️ IQ option regulations unregulated
��️ trading instruments 76 forex pairs, 177 stock cfds, 89 options, 26 cryptocurrencies, 4 commodities, and 23 etfs.
�� trading platforms proprietary trading platform for desktop, tablet, web & mobile

Is IQ option malaysia regulated?


IQ option has been in operation since 2013 and is a popular broker with operations in more than 189 countries. However, IQ option is not licensed to operate by any of the best financial regulators in the world.


IQ Option Regulation


This makes IQ option an unsafe broker to trade through compared to other highly regulated brokers.
However, it may be worth noting that IQ option provides an auto-close function. This means that when trading forex or crypto instruments, a trade will be automatically closed if the amount of loss on the trade exceeds 95%. This feature may help traders limit their loss from trades.


IQ option also keeps clients’ funds in a separate bank account, which could add to the safety of the funds.


Overall, we do not consider IQ option to be a safe broker to trade through.


IQ option malaysia fees


IQ options charges fees that depends on the timing of the trade, the type of account held, and the instrument being traded.


Hence, to give traders an indication of the amount of fees that are charged, we will be using certain benchmark examples.


Here is a breakdown of trading & non-trading fees at IQ option malaysia


Low variable spread – IQ option charges a spread that depends on the market conditions and the amount of leverage. For example, their typical spread for trading the benchmark EURUSD currency pair is 0.005%. If a position is kept open overnight, then the trader will also have to pay an overnight funding charge.


Here is a screenshot of the typical spread charged for various currency pairs with the basic account at IQ option.

IQ Option Spread


No commission – IQ option does not charge a commission per trade.


No deposit fee – they do not charge a deposit fee. However, the payment service provider may charge a fee or commission on your deposit.


Charges withdrawal fee – IQ option charges a withdrawal fee. If the withdrawal is being made through a bank transfer, then the fee charged would be $31 or the equivalent amount in a different currency. Traders cannot withdraw an amount which is less than 2 euros or equivalent. Traders can make one free withdrawal per month.


Inactivity fee after 90 days – if a trading account is inactive for a period of more than 90 days, then a monthly inactivity fee of 10 euros is charged.


Overall, we consider IQ option to be a medium-cost broker. They do not charge a commission, however, they charge hidden fees like a withdrawal fee and an inactivity fee.


IQ option bonus


Currently, IQ option does not have any promotional offers or bonus.


IQ option deposit and withdrawal


IQ option offers several ways through which malaysian traders can make their deposits and withdrawals.


Credit and debit cards – IQ option accepts payments through mastercard and VISA cards. A minimum deposit of $10 needs to be made.


Local bank transfer – A local bank transfer can be made through netbanking services. The minimum deposit amount is $10.


UPI – if a trader has a UPI account, then they can use that to make a deposit. The deposit takes between 1 – 3 business days to reflect in your account. The minimum deposit needs to be $10.


Payment wallet – IQ option also accepts payments through popular payment wallets such as rupay, skrill, advcash, perfect money, and webmoney.


Remember that IQ option does not charge a deposit fee, however, your payment service provider may charge a transfer fee.


Also, IQ option charges a withdrawal fee apart from one free withdrawal per month. A withdrawal request may take up to three days to process.


IQ option account types


IQ options offers two primary types of accounts to traders. These are the basic account and the VIP account.
Both of these types of account can be converted to islamic accounts for islamic traders.
Here is the primary difference between each account type offered by IQ option.


Islamic accounts – traders can request customer support that their trading account be converted into an islamic account. Under islamic accounts, no interest is charged for opening, closing, or holding your position. However, this does not apply to leveraged cfds.


Additionally, traders can donate their winnings to a charitable organization without any fees. There are a wide range of leverages that traders can choose from.


Basic account – when a trader signs up for an account with IQ option, they are provided a basic account by default. Under this type of account, the minimum deposit requirement is $10. Traders can access a range of leverages depending on the type of instrument that is being traded.


VIP account – in order to access the VIP account, a trader must make a deposit of at least $1600 over the last 60 days. Their trading volume over the last 60 days must be at least $6,000.


There are several benefits of having a VIP account including higher profitability, 24/7 customer support, unique offers, additional educational materials, registration in tournaments, exclusive webinars, public VIP chats, and a dedicated account manager.


IQ option trading instruments


IQ option provides access to a wide range of trading instruments. Overall, they offer 76 forex pairs, 177 stock cfds, 89 options, 26 cryptocurrencies, 4 commodities, and 23 etfs.


It is worth noting that IQ option offers both options trading and cryptocurrencies. Their selection of forex pairs is also wider than most other forex brokers.


We consider the selection of instruments available at IQ option to be better than average when compared to other similar brokers.


IQ option trading platforms


IQ option has its own proprietary trading platform that traders can use. The trading platform is available for both windows and macos users. Traders can also access the trading platform through their web browsers. The trading platform is also available as an app on smartphones for android or ios users.


IQ option does not offer the popular metatrader 4 (MT4) or metatrader 5 (MT5) trading platforms.


IQ option customer support


Malaysian traders can access IQ option’s customer support team in a couple of ways. However, it should be remembered that their customer support is not available in malay.


Live chat – in order to access IQ option’s live chat, traders will need to open an account with them. We tested IQ option’s live chat feature and found it to be largely helpful. They responded quickly and the hold time was not more than one minute.


However, to speak to a human customer support executive, you will first need to chat with a bot. The automatic responses provided by the chatbot were not found to be helpful and unnecessarily delayed the customer support process.


IQ Option Customer Support


Email – traders from malaysia can get in touch with customer support through email. However, there is no dedicated email handle for malaysian traders.


No phone line – traders from malaysia do not have the option of seeking customer support through phone call, unlike several other countries. There is no local phone number or international number that traders can call.


Help center – A frequently asked questions section is available on their website which provides the answers to few questions. Even though the help centre is not extensive, it does answer a few popular questions.


Do we recommend IQ option malaysia?


No, we don’t recommend IQ option for malaysian traders. As per our research they are not a safe broker.


On the positive points, they charge an average amount of fees for the services that they provide. Customer support is helpful and they have a dedicated website for malaysian traders. They offer islamic accounts for islamic traders. Their proprietary trading platform is easy-to-use and can be accessed quickly.


But the primary drawback to trading with IQ option is that they are not considered to be a safe broker. They are not licensed by any of the major financial authorities in the world.


They also do not provide their service in the malay language.


Overall, we advise against trading with IQ option.



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No deposit casino bonuses and bonus codes for 2021


Binary options no deposit bonus, iq option no deposit bonus 2021.



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100 FREE SPINS on the casino's freeroll tournament ad


51 bonuses found based on your search. Showing 1 - 10
clear all filters to find more casino bonuses


We’ve done our best to put together the following listing of free casino bonuses which should suit your needs the most. The list is based mostly on your country, as many bonuses are only valid to players from certain countries. However, other ranging factors, such as the bonus value and the casino's rating, have been added into the mix as well.


If we haven’t guessed your country correctly from your IP address, you can change it by clicking the flag in the top right corner.


If you are new to no deposit casino bonuses , the answers to the following questions may interest you:


Note: you should be aware that not all casinos treat their players fairly. That's why we recommend reading our casino reviews before registering and using our list of best online casinos when choosing a new site to play at, especially if you intend to deposit your own money into the casino.


Introduction to free slot bonuses


No deposit bonuses are a promotion given by online casinos to attract new players. These bonuses usually take the form of free credit , which can be used to bet on various games, or the form of several prepaid spins on certain slots.


No-deposit bonuses are usually given as a gift to attract new players . The main goal of these bonuses is to promote the casino's brand and get an email address or a phone number from potential players. These contacts will very likely be used for marketing purposes.


Terms and conditions of free registration bonuses


"one bonus per player" is the most important of the no deposit bonus policies. As the bonus is free, the casino obviously doesn’t want to give it to the same player over and over. If you manage to meet the bonus wagering requirements and want to withdraw your win, the casino will verify your identity. If you have signed up yourself as john smith (and it isn't your actual name), you’ll never make a successful withdrawal.


Casinos are quite smart when it comes to this, so your only chance is to sign up with your own name and only once for every bonus and every casino.


If a bonus has the form of a free credit, you’ll have to roll it over many times before you can withdraw. No deposit bonuses have very high wagering requirements – sometimes up to 100x.


This means that if you got $10 of free credit, you’ll have to play for example 1000 spins at $1 each to roll it over. Note that not all games are allowed to be played with the bonus credit, and not all games contribute at the same rate to roll over requirements. For example blackjack is usually either completely forbidden, or contributes only 5% of each bet. In that case you would need to place 20 times more bets on blackjack than on slots.


In the case of prepaid spins, the casino will total your winnings from these spins. When you finish spinning, you’ll have to roll over the total amount you’ve won in free spins many times over.


You won $3.69 from 10 free spins on starburst. With 50x wagering requirements, you’ll have to bet more than $184.50 in total to be able to withdraw your money.


You will lose the vast majority of free bonuses before meeting the wagering requirements. But if you are lucky enough to roll the bonus over, then you have to be aware of the MAXIMUM CONVERTED VALUE rule. Even if you end up with a bonus value higher than $500, you usually won’t be allowed to withdraw more than $50-$100.


Another rule is the maximum allowed bet . If the casino defines the maximum bet when playing with a bonus, you must not exceed it. Otherwise, the casino will have an excuse to refuse to pay you out. And the majority of casinos really will use this excuse. Be aware that this rule is not enforced by the casino system, so it’s up to you to read bonus terms and conditions carefully .


The last rule applied by some casinos is that you’ll need to make a deposit before cashing out your no deposit bonus. I think that casinos use this as another form of verification. But be careful, because some casinos may try to trick you and force you to play with this "verification deposit". Always ask on live chat to make sure you understand the terms and conditions properly - and save the conversation.


Can I really win on slots without risking my money?


Many casinos are fair about their no deposit promotions, and a clear reputation is one of their most important assets. We are quite strict when it comes to casinos that don’t keep their word.


The maximum win is usually limited, and an amount like $50 is too low to risk the casino’s reputation.


How do casinos make money on free slots bonuses?


The answer is simple: they don’t.


From the casino’s perspective, no deposit bonuses on slots are an expense for marketing . The casino hopes to attract new players, which will spread the word about their brand. Also, some players will stay and deposit real money.


A lot depends on the habits of players from every particular country . Players from western europe are more likely to be real casual players. This kind of player often makes a small deposit after playing with a no deposit bonus. Players from russia and eastern europe are more likely to be pure bonus gatherers who are looking just for a profit without the risk. That is the reason why most casinos don’t give free bonuses to players from these countries.


Despite the fact that high rollers and the most valuable players are usually not very interested in 10 free spins at $0.10 each, no deposit bonuses can help the casinos attract at least casual players . With a long term perspective, these bonuses may pay for themselves.


Can I get a casino registration bonus several times?


Casinos are very strict about the one bonus per player policy , and childish attempts get around it have no chance to succeed. You have to sign up with a name for which you have a valid ID and passport.



  • If you are not able to prove your identity, you won’t get paid.

  • If you sign up multiple times from same IP, you won’t get paid.

  • If you slightly modify your name, you won’t get paid.



Our advice is: don’t try to do that . Casinos have to pay for the free spins to the game providers, so you’ll just increase their expenses and won’t help yourself in any way. The only effect will be that you piss the casino manager off, and he may exclude players from your country from this promotion in the future.


Instead of using a no deposit bonus multiple times, we suggest looking for other bonuses from different casinos , either in our list of no deposit bonuses, or on other websites, such as lcb.Org. Another well renowned website is nodepositfriend.Com, which offers a comprehensive list with numerous no deposit bonus offers for you to enjoy. If you've already used all bonuses listed here, on casino guru, remember that there are other sites where you can find new bonus offers for you to try.


No deposit bonuses FAQ


What are no deposit bonuses?


No deposit bonuses are a type of casino bonuses given to players without the need for them to deposit their own money into the casino. Casinos use them as a promotional tool to give new players an incentive to create an account and start playing. No deposit bonuses make it possible to essentially gamble for free, but their values are generally low.


How do no deposit bonuses work?


Using a no deposit bonus is simple. They are given to new players as a reward for registering. Some of them are given to players automatically, while others require entering a specific promotional code, or contacting the customer support and asking for it. After getting a bonus, players are free to play with it but have to follow rules specified by the casino. These rules differ from bonus to bonus and generally also influence how much you can win from your bonus, so it is good to check them out in advance.


Can I claim all listed no deposit bonuses?


You can only have one account in each casino and claim each free bonus just once, however, there is a big number of online casinos, and many of them offer no deposit bonuses to new players. That said, no deposit bonuses are generally offered only to players from selected countries, so you will only be able to use those offered to residents of your country.


What types of no deposit bonuses are there?


There are two main types of no deposit bonuses – free spins and free cash. Both allow players to play real-money casino games for free, but there is an important difference. Free spin bonuses are tied to specific slots, while free cash bonuses can be used on any game that has not been restricted for that bonus.


What are free cash bonuses?


Free cash bonuses are a type of no deposit casino bonuses. After a player claims them, the bonus amount is added to their player account as bonus money. The player can then play any casino games, with the exception of so-called restricted games, which are specified in the terms and conditions of each specific bonus. We advise reading the T&cs before playing.


What are free spin bonuses?


Free spin bonuses are a type of no deposit casino bonuses. These bonuses grant the player the possibility to play a certain number of spins on selected slot machines. The amount the player wins is then added to their player account as bonus money, and wagering requirements need to be met to be able to make a withdrawal.


Can I play any games with my bonus?


Generally speaking, no. Most casino bonuses, including the no deposit ones, have some restricted games specified in their terms and conditions. This means that you can play all casino games apart from those that have been restricted.


Additionally, for free spin bonuses, the free spins you get from the casino can generally be used just on selected slot machine or slot machines.


What are wagering requirements?


Wagering requirements are a key part of all online casino bonuses. You can’t just get a bonus and instantly withdraw your money. Before being allowed to make a withdrawal, you need to play with your bonus money. Wagering requirements describe how many times you need to play through your bonus money to "unlock" it for a withdrawal.


For example, if you get a $10 bonus with 40x wagering requirements, it means you need to place bets with a total value of $400 before making a withdrawal.



No deposit bonus offers


A no deposit bonus is a perfect way to try a new casino with no risk, while still having a chance to win free money. Here we list the latest and best no deposit casino bonus offers on the market january 2021.


No deposit bonus list


FortuneJack



Trada Casino


Wink Slots


Casumo


BGO Casino




iNetBet


Slots Capital





WinADay


Slotland




Royal Panda Casino


InterCasino


LeoVegas


Mr Green


Desert Nights Casino


Desert Nights Casino


Fun Casino


Fun Casino





What is a no deposit bonus?


While it’s typically the case that there’s no such thing as a free lunch, that’s not the case in the online casino world. No deposit casino bonuses can give you real opportunities to win real money without having to risk anything of value. These deals come in many different varieties, but they all have one thing in common: the chances to win free money for your casino bankroll.


Free No Deposit Bonus


Free no deposit bonus


Introduction to no deposit bonus offers


Online casino players are used to seeing all different kinds of promotions and special offers, but the one type that stands out the most for many people is the no deposit casino bonus. These are so special because they don’t require any type of upfront risk to take advantage of, and they can often help you to get paid without having to take any type of risk.


The key thing to know about these no deposit coupon codes is that they vary quite a bit with their terms and conditions, so our primary focus is making sure that you know how to understand the rules for these types of deals.


We have a lot of opportunities for players to get paid without any risk here on this page, and we want to be certain that everyone knows how to get the most value from these offers so that no money is left on the proverbial table.


How these free offers work


In what follows, we’re going to walk through how these deals actually work in the practical sense and why online casinos would want to give away free money. We’ll also start you on the path of understanding how you can take advantage of these deals to get an opportunity to build your bankroll from scratch.


Why do casino sites offer free money?


Various types of savvy individuals will be skeptical as soon as they see that there’s a casino bonus with no deposit available because they will immediately wonder what’s in it for the site. Here are a few things that these sites get from offering deals like the ones you’ll find on this page:



  • There’s some built-in publicity from offering a really great promotion, and this includes a lot of word of mouth marketing from people telling their friends about the offers.

  • The casinos know that some percentage of players who use their no deposit bonus codes will like the site so much that they stick around and make a deposit.

  • If you’re playing at one casino, even if it’s with free money, then they know that you aren’t playing with one of their competitors.



It’s pretty clear to anyone who is familiar with business that online casino no deposit bonuses wouldn’t exist if the sites didn’t make money off of them in the long run. However, they don’t have to make money off of you if you go into things knowing what to expect with a smart strategy to get the most from what these deals have to offer.


What do you need to get started?


Other than a computer or mobile device to actually log in and play the games themselves, you don’t really need much to get started with a no deposit casino bonus offer. The basic idea is that you’ll sign up for a deal like the ones that we have listed on this page, and you’ll automatically be taken to an area to sign up for an account.


You need to sign up for an account so that they can verify your identity, which will allow you to cash out your winnings.


Your free chip, free money or free spins will be credited to your account, and you’ll be able to get started playing right away. It’s a pretty easy process, but there’s one thing you can do to make things go more smoothly for you, and that’s to verify your identity as soon as you can.


Due to regulatory requirements, virtually all online casinos have to verify your identity before they can send you a withdrawal, and that’s no matter if you won the money for free or if it’s the result of a real money deposit. They do this to help prevent fraud, money laundering and underage gambling, and there’s not really any way around it.


The good news is that it’s really easy to verify your account along these lines. All you really have to do is send in the form of identification that they ask for, and your account will be verified and ready for processing withdrawals once you’re ready to cash out your winnings.


Can you claim the same offer multiple times?


In most cases, you won’t be able to claim the same offer at the same casino more than once. The reason for this is that they have to make sure that the deals aren’t being abused. If they don’t put in requirements like this, then they would lose so much money from the promotions that they simply wouldn’t be able to run them.


In this way, you’ll see that the terms and conditions that we look at down below are all necessary to keep these types of no deposit and free spin offers alive.


The terms and conditions


As we’ve mentioned before, you’ll find a lot of different types of no deposit bonus offers and free spin coupon codes on this page. While they have their differences, there is a certain structure to how they work as far as the terms and conditions are concerned.


These rules are in place to protect the casino from promotional abuse and to make sure that they’re able to continue offering such great deals. In what follows, we’re going to show you the highlights of what to expect from these offers and the rules that you’ll need to follow when you claim them.


Two types of offers


Generally speaking, there are two types of offers that you will see the most often. One offers a free chip to your account balance that you can play with, and the other is a set of free spins that you can play through and then use your winnings from those spins as if they were a similar type of free chip on your account.


In either event, the end result is the same: you have some free casino money on your account that’s treated like a bonus offer with certain terms, conditions and policies attached.


To this end, we recommend that players consider the free spins offers here to be just like the no deposit bonus deals but just with the extra step of playing some spins on a slot to determine how much the bonus itself will be.


Wagering requirements


The first thing that most players will want to know about are the wagering requirements. They can be stated in two main ways. First, they can be stated as a multiple of the size of your bonus (or the amount of your free spins winnings). Alternatively, they can be expressed a simple currency amount.


If you use a free spins offer, your play-through requirements will often be listed as a multiple based on how much your winnings are.


For example, if your bonus is worth €20, and you have a wagering or play-through requirement of 30x, then you’d need to put in €20 x 30 = €600 in total bets before you would be allowed to cash out.


The point behind these requirements is that they want you to actually use the funds to play their games instead of just cashing out as soon as you take advantage of the offer. That’s a smart move that helps to keep people from outright abusing these deals, which we have stated above would lead to the offers no longer being available.


Game restrictions


You’ll often find that there are restrictions on the types of games that you can play until the play-through requirement on these no deposit bonus offers is cleared. It’s usually the case that you can play pretty much all of their online slots with no problems, but certain table games like blackjack or roulette may be restricted.


Each individual casino will have its own terms and conditions on this particular point, so before you hop in on an offer, you’ll want to take a quick look over their particular rules and policies to see which games are not allowed for play when you have pending wagering requirements on a no deposit casino bonus offer.


Other things to know


Some other terms of these offers can be hit or miss in terms of which casinos use them and which do not. They can include some of the following:



  • A maximum cash out amount allowed for a no deposit bonus.

  • Staggered game restrictions where some games aren’t outright disallowed but simply count for less than normal for the wagering requirements.

  • Restrictions on claiming multiple no deposit offers from sister casinos.

  • Needing to make a small deposit to verify your identity before you can cash out, but this small deposit can immediately be withdrawn as well.



Not all offers use all of these, and some won’t use any of them, but they’re things that you should look out for so that they don’t catch you by surprise.


Consequences for breaking the terms and conditions


Some of these rules and policies might seem like they don’t really matter or that they’re not that important. However, it actually is critical that you stick to the rules as they are laid out for your offer and that you don’t violate them.


Violating the terms and conditions of a no deposit casino bonus offer usually means that your entire bonus and any winnings are voided and removed from your account.


It may seem like a harsh punishment, but they’re very clear about what’s expected in the terms for the offers, and they enforce those terms along these lines.


With that having been said, the reason we’re so serious about making sure that players know what to look for is that we want you to be able to stay within the parameters set out for these promotions so that you can get paid without any problems.


Walking through an example no deposit bonus offer


We can sit and give you all kinds of things to think about, but there’s nothing like walking through a real example and seeing where the pitfalls are and what you need to be paying attention to. We’re going to start with an example with the following parameters:


You’re given 20 free spins on a popular online slot. Your winnings from those free spins are then subject to a 25x play-through requirement before you can cash out.


This is a good example of the amount of information that a player will be given ahead of time for a no deposit free spins bonus. Unfortunately, that also means that there’s a lot of information missing.


What to look at first


The first thing that you need to look at is which games you’re going to be allowed to play, and the focus should really be on making sure that you can play the titles that you’re interested in. Most table games are going to be restricted from most offers most of the time, so you’re really best off if you want to play slots.


In this example, let’s say that you’re only allowed to play slots, keno and scratch cards until the wagering requirements are completed.


So you decide to cash in on the offer, and you sign up for an account. Your free spins are added to your account right away, and you play through them to earn €15 in winnings. Now you know that your play-through requirement will be €15 x 25 before you can cash out, and that comes to €375 total. You also know that you have to play slots, keno or scratch cards during this time.


From here on out, you can also act like this is an example of just receiving a €15 free chip with the same terms and conditions otherwise.


After playing through your free spins, the first thing you should do is verify your account with the casino. This only takes a few minutes, but you want to get this out of the way ahead of time so that there will be no barriers in the way when it comes time to cash out your winnings.


The actual play-through


Before you really get into the grind of the actual play-through, what you want to do is make sure that you have glanced through the terms and conditions looking for a maximum cash out. This will affect your strategy if you happen to go on a hot winning streak early on. You’ll want to adjust your wagers appropriately to take into account the fact that you will only be able to cash out so much in those cases.


With that out of the way, you’ll start into playing slots (or whatever game you think is best from what’s available), and you have two main strategies available to you:



  • You can use very small bet sizes with games that have a low volatility to try to grind your way through the play-through with as little in losses as possible.

  • Another option is to play with fairly large bet sizes relative to your bonus amount (€1 or €2 in this case of a €15 bonus) hoping to hit a quick winning streak before switching to the previous approach.



One problem you can run into is that some no deposit casino bonuses, but not all, will have a maximum amount that you can wager per spin. This is an effort to curb the second strategy listed above to some degree, so you’ll want to look out for that since violating it can get your entire offer rescinded.


Other than that, you just keep grinding until you hit your play-through requirement or go broke. If you hit the requirement, you cash out based on whatever method you have available, and it’s on to the next one.


Accumulating offers


The typical strategy for most people is to try to take advantage of as many of these offers as they can. They will then stockpile the winnings they get all into one bankroll and use that to eventually make a real money deposit at an online casino to take advantage of a favorable first deposit bonus package.


This type of approach can take a while, and using some kind of simple list of spreadsheet to keep track of the offers you plan to work through can be helpful in keeping yourself organized, but it’s something that a lot of people have pulled off to get themselves a casino bankroll that cost them nothing but their time playing games that they wanted to be playing anyway.


Conclusion


The no deposit and free spin offers listed on this page are all great examples of ways that you can get in on the action without having to risk anything of your own. While there is a bit of a grind involved, there are serious opportunities to take advantage of these specials and to build your own bankroll in the process without having to make real money deposits.


Your best chances to make this happen will center around paying attention to the terms and conditions and sticking to the betting strategies that we have laid out as well.





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