Problem IQoption is a Scam

[Pharaoh]

Tell your friend his money would be much safer in a Macau casino than with the typical binary options broker.

 

[Duy]

Last December 5th of 2014 I decided to open an account with the broker IQOPTION. This broker offers financial product Binary Options. Knowing the risks of investing in this type of financial product, I decided to create and formalized my account. After spending several months(7 months) on this platform, my account was blocked without previous notice. This blocking situation resulted in a retention of all my benefits, an amount of € 6,546.58 and of course the inaccessibility to enter the platform. The reasons given to me for this blocking situation was that I have acted fraudulently and thereby have violated its policy of fraud.After insisting on a better explanation and know the reason which led them to block the account, I have not gotten any response.

 

[Duy]

View attachment 20247
Of course, this is the answer. The answer is in spanish. I do not lie. look !!

IQ Option was more than 20 pip higher than the market to kill investors!!!

 

[ruseneca]

IQ Option was more than 20 pip higher

Now, it is on...
http://i.imgur.com/RLmGtcB.png

No difference for me. Today is a crazy day so any difference in prices is normal. There are different liquidity providers on the market. As far as I know, 1 year ago, IQOptions was using the liquidity of Investing.com, then Reuters.

 

[Aarón]

This broker isn´t serious. Today by day I haven´t recoverd my profits. I feel a lot rage. Please don´t invest in IQoption.

 

[ruseneca]

This broker isn´t serious. Today by day I haven´t recoverd my profits. I feel a lot rage. Please don´t invest in IQoption.

Well, I am a member of IQOption from a very long time and I am constantly receiving my withdrawal requests. If you have a problem with them, you can inform the regulators stated here:

https://eu.iqoption.com/en/regulation

Why you haven't informed any of them? The case is old enough.

 

[Kotton]

Wow I've discovered this thread too late. I've been scammed by a couple of brokers now, but not for amounts I really care about. I've now come to the conclusion that Cysec regulated brokers are a complete waste of space. I've since decided to stick to FCA regulated brokers and so far haven't had any issues, but that's probably because I am a British citizen so they would lose their licenses quick if they tried scamming people. I recently opened an account with IQoption which I was a bit tentative about because im not a fan of brokers that are market makers or use the services of market makers. The brokers I used up to this point got there prices direct from the banks. Having done a bit of testing I noticed that the prices roughly followed the correct market prices which for me is good enough. So far I haven't made a withdrawal but I will be within the next week or two and will let you know if I have any problems.
I have already discovered a few issues with this broker though that might be useful to others. I have noticed that the prices will be more likely to be manipulated on slow moving markets so those who trade during quieter periods, don't expect to make profits. Market makers are very good at protecting themselves from losing money. The other thing I have noticed about this broker is that there services and websites have a tendency to all become unavailable all of a sudden. I believe they set a minimum profit or loss for the day. If the loss is reached the services go offline. If they reach the profit the services go offline if it tries to dip below that margin. Either that or their servers get attacked a lot from upsetting the wrong people. If you use the martingale trading strategy or you're a sniper I would probably look for a different broker. Although certain strategies might be the reason some brokers don't pay out.

 

[ruseneca]

Wow I've discovered this thread too late. I've been scammed by a couple of brokers now, but not for amounts I really care about. I've now come to the conclusion that Cysec regulated brokers are a complete waste of space. I've since decided to stick to FCA regulated brokers and so far haven't had any issues, but that's probably because I am a British citizen so they would lose their licenses quick if they tried scamming people. I recently opened an account with IQoption which I was a bit tentative about because im not a fan of brokers that are market makers or use the services of market makers. The brokers I used up to this point got there prices direct from the banks. Having done a bit of testing I noticed that the prices roughly followed the correct market prices which for me is good enough. So far I haven't made a withdrawal but I will be within the next week or two and will let you know if I have any problems.
I have already discovered a few issues with this broker though that might be useful to others. I have noticed that the prices will be more likely to be manipulated on slow moving markets so those who trade during quieter periods, don't expect to make profits. Market makers are very good at protecting themselves from losing money. The other thing I have noticed about this broker is that there services and websites have a tendency to all become unavailable all of a sudden. I believe they set a minimum profit or loss for the day. If the loss is reached the services go offline. If they reach the profit the services go offline if it tries to dip below that margin. Either that or their servers get attacked a lot from upsetting the wrong people. If you use the martingale trading strategy or you're a sniper I would probably look for a different broker. Although certain strategies might be the reason some brokers don't pay out.

Koton, I will just make some remarks to your statement. Banks are considered to be market makers, too. There is nothing wrong in trading with market makers.
IQOption uses Thompson Reuters price quotes, it is very unlikely to experience a price manipulation because this will lead to deregulation.
Two days ago, they just upgraded the platform that led to various problems which were solved in time for me.
They do not have practice to suspend the access to their website, it is against the business logic

 

[Kotton]

Koton, I will just make some remarks to your statement. Banks are considered to be market makers, too. There is nothing wrong in trading with market makers.
IQOption uses Thompson Reuters price quotes, it is very unlikely to experience a price manipulation because this will lead to deregulation.
Two days ago, they just upgraded the platform that led to various problems which were solved in time for me.
They do not have practice to suspend the access to their website, it is against the business logic

It went offline last night for several hours and came back online at midnight. It might just be to do with bugs with new software but you would think they would notify you by email. Either that or it didn't go offline and they just temporarily blocked my I.P which would be an early warning sign. Everyday of the week I have 4 different brokers windows open so I know when something isn't right. I used to make a decent amount of money just sticking PUTS on top of spikes on 60 second trades on quiet pairs like AUD/USD at about 9-11 pm. Tried that with IQoption and ive seen it do some weird extra spikes that don't exist on the other 3 graphs from the other brokers so im a bit wary. Also its not hard to write a programme that takes the market makers prices and adds or subtracts a certain number of pips depending on total profits too date and size of investment to make sure the house always wins. I have caught a few cysec regulated companies doing this. Its hard to catch them tho because your only allowed one account so unless youre trading with a friend in the same room you don't how your graph is different to others. But yes even companies getting there prices direct from the bank can do this. Its hard to find trustworthy binary brokers. My main account for binary options is a well known British bookmaker that's FCA regulated and covered by gambling regulations which are a lot stronger for clients than that Cysec rubbish. However even they have now told me im only allowed to make £100 a day despite it not being in there terms and conditions so even they are becoming a bit pointless to trade with. If you want to make a few hundred quid binary options can be great but if you want to make thousands or 100's of thousands I think the only way to do it is with leveraged brokers and learning how to play the markets properly. Personally im a big fan of this websites 'Shoulders of Giants' section.

 

[ruseneca]

It went offline last night for several hours and came back online at midnight. It might just be to do with bugs with new software but you would think they would notify you by email

I contacted their support before that and they came up with upgrading the software. Several hours later, the main website was inaccessible. The EU website was online but the connection to the trading server was not successful. Perhaps the work on a new version is still a fact. I haven't received any updates regarding a platform upgrade, too. They must do something to inform us, I agree!

Tried that with IQoption and ive seen it do some weird extra spikes that don't exist on the other 3 graphs from the other brokers so im a bit wary

That is because Th. Reuters's quotes are 6-digit and it is the only liquidity provider. If there was a problem with the quotes, their clearing house would protest and press charges for price manipulation as it is a party that also faces a risk from such action. However, we cannot be sure! Even though it is regulated broker, it is a binary broker!!!

If you want to make a few hundred quid binary options can be great but if you want to make thousands or 100's of thousands I think the only way to do it is with leveraged brokers

In my eyes, I see binary options as a betting, not trading. Within 60 seconds, even God doesn't know what will happen. This is why I also deposit low amounts. I started with just $10, as this is the minimum. I wouldn't risk $200 or $250 on binary option. For more than $100, I would choose a forex broker. But there are people who really prefer big deposits, just because some services are paid