IQ Option was a broker associated mainly with binary options. It is not surprising, since in the initial period of his activity he dealt only with such investements instruments. However, a lot has changed since 2008, when he started his activity. It is now a multi-asset platform offering such instruments as CFDs on currency pairs, cryptocurrencies, stocks as well as binary options. It is worth noting that cryptocurrencies and binary options are not available in the European branch of the company due to legal regulations.
It is worth adding that, according to the data provided by the company on its website, in 2020 over 7,000,000 accounts were registered on the platform. This is a significant increase compared to 2014, when the company had just under 85,000 customers.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.