The short and simple answer on whether IQ Option accepts traders from Canada is NO. So if you are based in Canada, you have to find a different trading platform for your trading.
Why is IQ Option not available in Canada?
IQ Option is not available in Canada because it does not have the necessary licenses to operate in this jurisdiction. For IQ Option to be available in Canada, it would have to be regulated by the IIROC (Investment Industry Regulatory Organization of Canada). This regulatory body protects consumers and investors from Canada and ensures that IIROC regulated companies operate in a fair and transparent manner.
Unfortunately, IQ Option is not regulated by the IIROC and therefore, it cannot accept traders from Canada.
Can I use IQ Option in Canada?
No, you cannot use IQ Option if you are based in Canada because the broker does not accept traders from this jurisdiction. IQ Option knows where you come from based on your IP address and even if you would try to fool IQ Option by using VPN, you could not trade with them as you would be asked to verify your account with your ID.
Are there any good alternatives to IQ Option?
Luckily, yes, while in Canada does not operate as many brokers as in Europe, Asia or Australia (because it’s very costly and hard to obtain the Canadian licence), there are a couple of solid brokers that are regulated in Canada.
Popular brokers that accept traders from Canada
All trading involves risk. Only risk capital you're prepared to lose.
* Typical spread recorded from the website of the broker on 06.03.2020 at 15:00 GMT.