If you are a trading enthusiast, you might have probably heard or traded with IQ Option. Also known as iqoption.com, it is one of the best platforms to trade binary options, foreign currencies and cryprocurrencies, CFDs, digital options and FX options.
Whether you are a new customer or an experienced trader seeking to try out a newly developed trading platform, you will find IQ Option to be both exciting and reliable. Among its exceptional features include a free trading demo account. It showcases different types of graphs such as candlestick charts. Navigation is also quite easy as there are lots of indicators and buttons.
As of today, IQ Option is regarded as the fastest growing trading broker in the binary options category. It has managed to win several awards and its easy-to-use mobile app is ranked, as the best binary options trading app by Google Play in over 25 countries. If you are new to trading on binary options, you will find IQ Option to be quite reliable as it offers training emails to help you succeed in the industry. Although you might sometimes find the emails to be a bit spammy, they are quite interesting if you get the concept involved in trading.
How does IQ Option work?
- How does IQ Option work?
- Is IQ Option reliable?
- How To Open A Demo Account And Start Trading
- IQ Option Online Trading Tournaments
- Mobile Platform
- How To Deposit And Withdraw Your Money
- Verdict and Overall Rating of IQ Option
Like any other trading platform, the criterion involved in IQ Option is more of the same. Even so, it is a little bit different as it incorporates its own software, which makes it unique. You will find the software to be very user-friendly mostly due to its customized interface. In fact, the minute you set your eyes on the platform, you will quickly learn all it entails as its indicators, buttons, and trade lines are strategically placed to ease your navigation. So, how does it work?
Before you start trading, there are several key things you should know. Firstly, you should understand that trading is an advanced method of gambling. This also means that it is not easy and will require lots of training. Secondly, forex, CFDs and binary options are more of making trading decisions- usually based on the most up-to-date market data. These decisions can be made when buying and selling currencies. You will make a successful trade depending on whether you think the price of a certain asset, i.e. currency like USD/EUR or commodity like Oil, will rise or fall. Also, you will have complete access to accessories such as stop loss options and take profit orders.
Options are financial derivatives, based on assets like foreign currencies and commodities, which can be notoriously volatile. Therefore, you are required to be much updated and well informed before making predictions. Although with this platform you will learn everything you need to know in the market via its historical data and use of analytical tools, it is always advisable to practice with demo accounts and gained the required skills before indulging in the real trading.
Is IQ Option reliable?
Do you know any successful trader? If yes, how much is he or she worth? Of course, binary options, CFDs, cryptocurrencies and FX trading is indeed a luxurious venture if you get the heck of it. Its simple criterion of functionality can earn you millions of dollars within a matter of seconds. Nonetheless, to be successful in this field, you need to be a PRO and the truth is; it is not easy. Even so, there are several reasons why you should choose IQ Option. The home to more than 20 million active traders offers around 90 currency pairs for trading and 12 or more popular cryptocurrency options. FX options and Digital options are also available.
Even better, you will enjoy the very latest market analysis, as well as a wide range of tools specifically set to improve your trading decisions. Another unique feature that makes IQOption a reliable trading platform is its ability to enable its clients to seek advice from fellow traders and industry professionals via an interactive section.
How To Open A Demo Account And Start Trading
Unless you are a professional trader, the first option is to open a demo account. Opening an IQ Option account is quite easy, and, of course, free. Below is a step-by-step guide to help you open a demo account with IQ Option:
Step #1 – account opening
- Using your computer or mobile phone, open your browser and type iqoption.com.
- Click on the button “OPEN AN ACCOUNT FOR FREE”. Alternatively, you can also click here to directly open the sign in page.
- Fill in the given sections on the two boxes with your email and password.
- Press enter to confirm your account.
- You will be redirected to the trading platform. Also, note that it might take a while.
- Confirm your email with the confirmation link as you wait for the account to be created.
Step #2 – Risk warning
- A pop up will appear immediately after opening your trading account. Confirm you agree to the risks involved by ticking the required section. It will clearly state that trading can’t bring guaranteed profits, but you should not worry about that since you are only interested in a demo account. So, don’t mind it.
- Tick on the “I have read and understood the risks, and then click on the START TRADING button.
Step #3 – Demo account
- A window will open, in which you are required to choose whether you want to trade with a real account or with a demo account.
- Register on the demo account and click on the left button to start trading.
- You will be credited with a non-withdrawal amount equating to $1,000.
Step #4 – Start trading
- You can use the amount to conduct all your trading needs.
- Good luck! You can practice as much as you can.
What Assets Can You Trade?
If you want to trade multiple assets with one platform, IQ Option is definitely your ideal option. While the majority of financial platforms offer a wide range of trading assets with little or no value to the client, it provides traders with a list of relevant assets that are popular in the market. Listed below are some of the assets offered in this platform:
IQ Option offers 22 versatile conversion pairs of currencies. However, it only features the big pairs and a few uncommon currencies.
By definition, a commodity is a product that can be traded for goods and services of an equivalent measure. Nonetheless, some commodities can go untraded. To avoid such scenarios, IQ Option only trades on commodities that are globally favored, such as gold. As a prime trading commodity, their clients are able to get a consistent profit.
This is perhaps the most utilized asset in this platform. A stock is simply a representation of an individual’s percentage of ownership in a given company. Stocks in IQ Option list from the world’s largest markets including Asia, America, and Europe. Choose among ‘Blue chips’, ‘Dividend kings’, internet companies, most shorted stocks and so on. You can bet on Facebook, Amazon, Nvidia, Paypal, Microsoft, Boeing, Cisco, Coca-Cola, Apple, Visa, Netflix and many more.
Indices are a statistical gauge of transformation, which are mainly used in the trading market. They consist of a fictional portfolio and a representation of a particular market. This platform offers a wide range of popular indices such as S&P 500 and DAX.
IQ Option Online Trading Tournaments
Typically, tournaments are different from competitions. They happen once or twice a month and have quite a big payout as their total winning prize. Binary options tournaments are one of the key things that make IQ Option one of the most innovative platforms in the trading world. Its online trading tournament option offers unique features that not only bring a sophistication element to the platform but also fun and competitiveness.
Its mobile is undoubtedly one of the most innovative platforms in the trading industry. In fact, ever since its launch in 2013, it has managed to push binary options trading to the next level and was ranked as the best application in over 20 countries by Google Play. So, what makes it unique? Below are simple facts about IQ Option Mobile App.
- It has great graphics and is an extremely user-friendly application.
- The application is well secured. You don’t have to worry about your personal data or money.
- It includes all the functions of its desktop version.
- It is extremely fast.
- Its notification feature is very timely and reliable.
- You can make your deposit directly using the app.
How To Deposit And Withdraw Your Money
There are numerous options to make a deposit or withdrawal from this platform. Below are some of these option’s minimum and maximum limits that also include local payment methods:
|Payment option||Minimum deposit||Maximum deposit|
|Payment option||Minimum withdrawal||Maximum withdrawal|
|Neteller||$10||Deposited amount=withdrawal amount|
|Skrill||$10||Deposited amount=withdrawal amount|
|Boleto||$10||Deposited amount=withdrawal amount|
Note that the maximum withdrawal you can make should be equivalent to the amount deposited. For instance, if you make a deposit of $1,000 the amount you can withdraw is $1,000. In addition, you are required to withdraw the amount using the same method used in your deposit.
Verdict and Overall Rating of IQ Option
There is no doubt the IQ Option has attained success in the trading world. Apart from the binary options, you get to try its wide range of assets such as cryptocurrencies and indices. Additionally, its functionality is quite smooth and intuitive. You can utilize its customized application from several supported devices such as Android, Mac, Windows, and iOS. If you are not well indulged in the real trading world, you can comfortably utilize its demo account, which is quite useful for beginners and amateurs. What’s more, you get to utilize a whopping $1,000 as virtual money.
Deposit and withdrawal methods are also quite awesome. They are ideally structured to benefit all clients from different countries. Although some people doubt the IQOption.com, there is definitely no reason as to why you should not try out its exceptional features, especially on its mobile platform. It is indeed legal, safe, and has multiple benefits to the user. Do not hesitate to leave a comment below and share your honest opinion regarding this platform. Many have tried IQ Option and expressed positive results, why don’t you give it a shot and experience it yourself. It is indeed worth it, trust me!
- Quick withdrawals.
- High returns in case of a successful trade – up to 91%.
- Guaranteed user safety.
- Direct access to cryptocurrencies such as Bitcoin and Ethereum.
- In-availability of an auto-trading feature.
- Inadequate trading markets.