IQBroker Europe Ltd is the CySEC entity behind the rebranded Quadcode Markets platform (formerly IQ Option Europe), and it uses an in-house proprietary trading platform rather than MetaTrader or cTrader.
| Regulated entity | IQBroker Europe Ltd |
|---|---|
| Regulation | CySEC No. 247/14 |
| Other Tier-1 regulators | ASIC, SCB |
| Founded | 2013 |
| Headquarters | Limassol, Cyprus |
| Minimum deposit | $10 |
| Avg. spread (EUR/USD) | 1.2 pips |
| Platforms | Proprietary (Quadcode Markets platform) |
| Instruments | Forex, commodities, stock indices and cryptocurrencies via CFDs |
See IQBroker's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | A simple structure: a Demo account ($10,000 in virtual funds, replenishable, no time limit) and a Real account activated from a $10 minimum deposit. The related IQCent brand may not share the same CySEC coverage as this entity -- worth confirming before treating them as interchangeable. |
|---|---|
| Execution model | One independent source characterizes it as a market maker, with the broker providing liquidity and setting its own prices. |
| Withdrawals & deposits | No withdrawal fee from the broker itself (third-party/bank fees may apply). Minimum withdrawal $2. Processing: bank cards 1-10 business days, e-wallets usually within 24 hours (often minutes). A rule limits withdrawing more than the originally deposited amount back to the same card within 90 days -- any excess must go via e-wallet or bank transfer. |
| Overnight financing (swap) | Percentage-based overnight fees are cited for specific instruments (e.g. small fractions of a percent on EUR/USD and gold), but these figures come from a secondary aggregator rather than the broker's own fee schedule, so treat them as indicative only. An Islamic/swap-free option is available for Sharia-compliant clients. |
| Currency conversion cost | Not found -- no specific fee or percentage was located. |
| Inactivity fee | Not found. |
| Customer service | Trustpilot rates it around 4.3/5. User comments praise ease of use and execution speed; complaints focus mostly on missing features (no MetaTrader integration, no copy trading) rather than fund-safety or withdrawal issues. |
| Mobile experience | Google Play shows a strong, well-documented figure: over 100 million installs and around 4.59/5 from roughly 710,000 ratings. An App Store-specific rating wasn't separately confirmed. |
| Educational offering | The free demo account is the primary educational tool; no detailed independent commentary on formal courses or webinars was found beyond that. |
See how IQBroker's spread cost compares across every researched broker → · Forex broker fees explained
Is IQBroker regulated?
Yes -- CySEC No. 247/14. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if IQBroker fails?
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails.
What is the minimum deposit at IQBroker?
Our research confirms a minimum deposit of $10.
What trading platforms does IQBroker offer?
IQBroker offers Proprietary (Quadcode Markets platform).
What is IQBroker's average spread on EUR/USD?
Our research confirms an average EUR/USD spread of 1.2 pips. See our cost calculator to compare this across every broker we've reviewed.
When was IQBroker founded?
IQBroker was founded in 2013.
How is IQBroker's overall score calculated?
IQBroker currently scores 3.19/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
EU clients typically served under Central Bank of Ireland / MiFID passporting rather than a direct CySEC CIF licence -- worth confirming which entity applies to you.
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