IQ Option isn't ranked among the top three best stock brokers, top futures brokers or top online brokers. However, the broker offers some great benefits and value added features for your trading needs. For example, it has integrated trading platforms that are easy to use. It also provides options trading signals via SMS so it is easy to get real time information on market movements in real time. The company has excellent customer support that is available round the clock through phone, email or chat. To find out more about IQ Option and how they can help you with your forex trading, read this IQ Option review.

As part of our IQ Option review, we looked at whether or not the broker had any complaints lodged against it. It was found that there were two complaints filed against the firm with the Commodity Futures Trading Commission (CFTC) which were subsequently withdrawn. One complaint concerned a $500 fee being charged to a customer who placed a marketable security in a transaction. This occurred in November of 2020 and was the second such complaint, the broker had heard of. The CFTC referred the case to the Enforcement Division of the US Department of Justice, which opened its own investigation into the matter. It was later reported that the Enforcement Division decided to drop the investigation because it did not have sufficient evidence to continue it.

There were also several IQ Option withdrawal complaints from customers who had placed funds in the broker's automated trading account. These customers had complained about the lack of support provided by the broker, as well as insufficient fund loading and excessive transaction fees. In one case, the customer alleged that the broker failed to provide backup support for an order that resulted in the loss of a profitable trade. In another instance, the broker made claims that it would provide a guaranteed minimum order amount and a twenty-four hour customer service line. None of these services were provided and in both cases the customer was ultimately forced to exit the trade before it was completed. One customer had even gone as far as to post a complaint on the Internet about the broker's lack of support and poor customer service.

These complaints are in addition to the two open complaints that the CFTC referred to the Enforcement Division of the U.S. Department of Justice. The Enforcement Division referred the cases to the CFTC in part due to the large number of unresolved complaints that it had received between its members and affiliate brokers. As part of its part of the settlement, the CFTC placed restrictions on its member banks regarding the minimum level of trading in their automated trading systems. In addition to the restrictions, the CFTC put forth an extensive list of requirements which all its member banks must abide by. For instance, the minimum trading level for the largest iq options broker in the United States is $10 million.

At the end of the day, this does not mean that all companies engaged in the business of foreign exchange have behaved ethically and have followed the letter of the law. Quite the opposite. There have been many complaints and class action suits filed against various of options brokers and the industry itself. What is important is that if you are a trader or investor who is contemplating engaging with a binary options broker then you should conduct an iq option review to ensure that you are making the right decision.

If there are any company's website which contains a glossary of terms and definitions then you should use it. If there is any information on the website which is ambiguous then you should ask the broker for clarification. Binary options is a high risk product and there are many complaints about firms misrepresenting themselves to customers. Conducting a comprehensive IQ Option review will help you make an informed decision and one which will benefit your trading portfolio in the long run.