Is the IQ Option trading platform illegal?

Asked 3 years ago

I was looking at the IQ Option binary trader for trading binary options, and I was wondering the platform is legitimate and licensed?

Iq options Safety of platforms Legitimate trading platforms Trading options

Andia Rispah Igobwa

Thursday, February 03, 2022

Is IQ Option a legit platform?
The IQ Option trading platform allows you to trade various financial instruments, including binary options, equities, foreign exchange, ETFs, commodities, and cryptocurrency.
IQ Option is a legitimate company and one of the most reputable. Their user-friendly trading platform is unrivaled, and we suggest IQ Option to traders of all levels of experience.
Why is IQ Option banned in the USA?
While binary options are theoretically applicable in asset pricing, they are vulnerable to fraud in practice, which has led many authorities to prohibit them as a form of gambling.