IQ Option Review for UAE Traders in 2023
Overall Score:
IQ Option
82/100
This is our professional review of the popular online trading broker, IQ Option, for traders and investors in the UAE. This review takes a detailed look at one of the UAE’s most well known brokers, comparing them with others in the industry. We look at specific aspects like IQ Option’s platform, tradable instruments, regulations and features, and whether this broker is the right one for you.
Written by:
Sam Reid
Sam Reid
Fact checked by:
Freddie Ricks
Freddie Ricks
Last updated:
Oct 2023
Oct 2023
IQ Option Summary
IQ Option is probably the number one broker in the UAE when it comes to options trading. The broker was founded in 2013 and has grown into one of the world’s largest with over 48 million registered clients.
IQ Option is based in Cyprus and is regulated by CySEC, however clients based in the UAE are welcome and able to sign up to IQ Option.
We find that IQ Option has some very strong points for UAE traders, including low spreads, fast order execution, and 24/7 customer support. We recommend this broker for traders of all levels, including beginners just starting out, and advanced looking for a new trading experience.
IQ Option’s main selling point is the ability to trade options on the platform, and while they also offer CFDs in the UAE, their range of assets is quite limited.
IQ Option is based in Cyprus and is regulated by CySEC, however clients based in the UAE are welcome and able to sign up to IQ Option.
We find that IQ Option has some very strong points for UAE traders, including low spreads, fast order execution, and 24/7 customer support. We recommend this broker for traders of all levels, including beginners just starting out, and advanced looking for a new trading experience.
IQ Option’s main selling point is the ability to trade options on the platform, and while they also offer CFDs in the UAE, their range of assets is quite limited.
IQ Option Trading Instruments
With IQ Option, clients in the UAE can choose from 100+ different tradable assets. While IQ Option is most known for offering digital options, clients can also trade CFD’s on stocks, Forex, commodities, ETF’s and Cryptocurrencies.
(Digital options are a type of financial derivatives like CFDs, but unlike Contracts For Difference, digital options enable traders to speculate on the short-term price movements of different assets.) Learn more
Here’s a detailed look at what you can trade on IQ Option in the UAE.
(Digital options are a type of financial derivatives like CFDs, but unlike Contracts For Difference, digital options enable traders to speculate on the short-term price movements of different assets.) Learn more
Here’s a detailed look at what you can trade on IQ Option in the UAE.
- Options – IQ Option is one of the best online brokers for trading options. Clients in the UAE can access over 55 different options across all the major markets.
- Digital options – Digital options allow traders to speculate on the price movement of a particular instrument. Traders will only lose as much as they have invested, and they can exit the market if they feel their losses are too much.
- Forex - IQ Option offers 50 forex pairs to trade, including the most popular major and minor pairs.
- CFDs - Traders in Dubai and the UAE can access 170+ stock CFDs, 24 ETF CFDs and 12 cryptocurrency CFDs.
IQ Option Commissions, Spreads and Fees
IQ Option also charges a small 2% fee for withdrawals and an inactivity fee of $10 per month after 90 days of inactivity.
IQ Option Deposits & Withdrawals
Deposits
UAE clients can deposit funds into their IQ Options account via the following methods:
Deposits are processed instantly and free of charge. Only bank transfers will take 3-5 days to process and may come with additional fees.
The minimum deposit amount for IQ Option clients in the UAE is $10 (37 AED). This is a great small deposit size for new traders that are starting out in Dubai and the rest of the UAE.
Withdrawals
IQ Option processes withdrawals automatically and smoothly. Withdrawals via debit/credit cards may take 1-3 business days depending on the bank’s processing time. Other methods will take less than 1 day to process.
There is a low minimum withdrawal amount of $2 (8 AED) with a 2% commission charge after the first withdrawal. This is low, but still not as competitive as other brokers that charge zero withdrawal fees.
Note that UAE clients must verify their accounts before they are able to withdraw funds.
UAE clients can deposit funds into their IQ Options account via the following methods:
- Visa/Mastercard
- Advcash
- Perfect Money
- Bank transfer
Deposits are processed instantly and free of charge. Only bank transfers will take 3-5 days to process and may come with additional fees.
The minimum deposit amount for IQ Option clients in the UAE is $10 (37 AED). This is a great small deposit size for new traders that are starting out in Dubai and the rest of the UAE.
Withdrawals
IQ Option processes withdrawals automatically and smoothly. Withdrawals via debit/credit cards may take 1-3 business days depending on the bank’s processing time. Other methods will take less than 1 day to process.
There is a low minimum withdrawal amount of $2 (8 AED) with a 2% commission charge after the first withdrawal. This is low, but still not as competitive as other brokers that charge zero withdrawal fees.
Note that UAE clients must verify their accounts before they are able to withdraw funds.
IQ Option Account Types
IQ Option offers the following accounts to traders in the UAE.
Demo account - A practice account that doesn't use real funds. This option allows IQ Option clients in the UAE to test the waters before investing with real money.
Standard account - This is the most common account type for clients in the UAE. It allows trading on 300+ CFDs and options, along with fast withdrawals and 24/7 customer support. The minimum deposit with this account is $10.
VIP account - This account is for professional traders with higher trading volumes. While this account comes with lower spreads, a personal account manager and monthly trading reports, it also comes with high deposit amounts and the requirement of having a significant trading volume.
Islamic account - IQ Option offers its UAE clients the option to open a swap-free (Islamic) account which can be done via the IQ Option website or by contacting the customer support. This account wipes all interest fees when holding trading positions overnight, in accordance with Islamic teachings.
Demo account - A practice account that doesn't use real funds. This option allows IQ Option clients in the UAE to test the waters before investing with real money.
Standard account - This is the most common account type for clients in the UAE. It allows trading on 300+ CFDs and options, along with fast withdrawals and 24/7 customer support. The minimum deposit with this account is $10.
VIP account - This account is for professional traders with higher trading volumes. While this account comes with lower spreads, a personal account manager and monthly trading reports, it also comes with high deposit amounts and the requirement of having a significant trading volume.
Islamic account - IQ Option offers its UAE clients the option to open a swap-free (Islamic) account which can be done via the IQ Option website or by contacting the customer support. This account wipes all interest fees when holding trading positions overnight, in accordance with Islamic teachings.
IQ Option Trading Platforms
We found IQ Option’s trading platform to be highly intuitive and easy to use. While it offers advanced charts and analysis tools for traders, the platform is very user-friendly. The platform is available to trade on mobile and desktop, and is available in 15 languages.
UAE clients can find options, forex and CFDs in stocks, crypto, commodities and ETFs all available to trade inside one platform. Key features of the platform include stock screeners, volatility alerts, market overviews and an economic calendar.
Another key advantage when trading with
IQ Option is weekend trading available on selected currencies, so you can trade anytime, even when the major markets are closed.
UAE clients can find options, forex and CFDs in stocks, crypto, commodities and ETFs all available to trade inside one platform. Key features of the platform include stock screeners, volatility alerts, market overviews and an economic calendar.
Another key advantage when trading with
IQ Option is weekend trading available on selected currencies, so you can trade anytime, even when the major markets are closed.
IQ Option Research & Education
Overall, IQ Option offers its clients in the UAE and worldwide some of the best educational resources in the industry. Clients can access educational videos, eBooks, webinars and trading tutorials available in 17 languages. All educational materials are free for clients and are extremely helpful for new traders.
IQ Option also offers a great newsfeed on their website, bringing traders the most important and latest market news from a number of different reliable sources.
IQ Option also offers a great newsfeed on their website, bringing traders the most important and latest market news from a number of different reliable sources.
IQ Option Regulation
IQ Option is a safe and secure broker, being regulated and licensed by CySEC and serving its global client base with strict regulatory oversight.
However, IQ Option is not licensed by a specific regulatory body in the UAE, but this does not mean that clients in the UAE cannot trade with them. In fact, IQ Option states clearly on their website that their platform is available for traders in the United Arab Emirates..
However, IQ Option is not licensed by a specific regulatory body in the UAE, but this does not mean that clients in the UAE cannot trade with them. In fact, IQ Option states clearly on their website that their platform is available for traders in the United Arab Emirates..
IQ Option Customer Support
While IQ Option does not have a local office in Dubai, the broker is able to support clients 24/7 through live chat, email and telephone. VIP traders will even have access to their own personal account manager.
Our tests on IQ Option’s help team showed that the customer support was professional and helpful in resolving our issues.
Our tests on IQ Option’s help team showed that the customer support was professional and helpful in resolving our issues.
IQ Option FAQs
With a good trading strategy, it is possible to become of the thousands of profitable
IQ Option traders in the UAE. However you should also be aware that trading comes with risk, and there is always the chance that your trades can move against you.
IQ Option traders in the UAE. However you should also be aware that trading comes with risk, and there is always the chance that your trades can move against you.
Yes, IQ Option is completely legal in the UAE and available for traders in the United Arab Emirates to sign up and trade
Yes, IQ Option rated as a highly safe and secure broker as the broker is regulated by several top tier regulators. Always remember that your capital is at risk when trading
UAE regulators have not yet imposed any restrictions on IQ Option's business activity or imposed any regulations or rulings on options trading in the UAE. Hence, it is legal to trade options in UAE with IQ Option.
IQ Option: The Bottom Line
Overall, IQ Option is an excellent, safe and trustworthy broker for UAE traders, and is recommended mainly for people looking to trade options.
IQ Option stands out as the best options broker due to its large offering of binary and digital options, low spreads, 24/7 support, low minimum deposit and user-friendly platform - making this broker a great choice for beginner option traders in the UAE.
IQ Option stands out as the best options broker due to its large offering of binary and digital options, low spreads, 24/7 support, low minimum deposit and user-friendly platform - making this broker a great choice for beginner option traders in the UAE.
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