IQ Option is the best online brokerage service that can allow its users to deal with cryptocurrency, commodities, binary options, stocks, FX, ETFs, and other financial instruments.
IQ Option LTD, the company that runs the brokerage, was created in 2013. With over 48,000,000 active members more than 1,000,000 daily transactions, IQ Option has become one of the best quick brokerage firms for all traders worldwide. IQ Option allows customers from 213 countries, such as Malaysia, Singapore, India, South Africa, Pakistan, the Philippines, Nigeria, and others.
In this IQ options review, we’ll tell you all about the IQ option that you need to understand, which will help you determine whether or not such a broker is good for you.
IQ Option began as a binary options platform. Still, it has now expanded to use the opportunity to easily trade in Forex, CFDs on cryptocurrencies, ETFs, Shares, and many other binary option agreements.
Just since this review, the platform of IQ Option provides no-fee CFD trading on 169 of the best-performing equities. However, the stock CFDs have a $1 minimum deposit and leverage up to 1:20. Several of the world’s most copy trading well-known businesses, such as Amazon, Boeing, Apple, Tesla, and others, are among their stock holdings.
On IQ Option, FX trading is among all of the widely traded markets. This broker has a wide choice of currency pairs, with competitive spreads, such as USD/EUR, CHF/USD, USD/NZD, USD/GBP, AUD/USD, USD/JPY, and CAD/USD. Mostly on the IQ Option system, approximately 50 Forex pairs are available.
IQ Option allows you to easily trade in CFDs on Exchange-Traded Funds (ETFs), often known as ETFs. However, An ETF is a fund that provides a combination of assets into a single basket. There are presently 25 ETFs available for trading.
IQ Option offers CFDs on Bitcoin, Binance Coin, Ethereum, Iota, Litecoin, Neo, Cosmos, ZCash, Cardano, TRON, Stellar, Ripple, Dash, EOS, and Bitcoin Cash, among some other cryptocurrencies. Customers may expect increased margin trading leverage and short-sale alternatives with speedy withdrawals and deposits.
Gold, Silver, Platinium, Crude Oil WTI, and Crude Oil Brent are the five commodities that IQ Option presently provides on CFDs.
Binary options are a type of financial tool that provides a profitable return if you correctly estimate a share’s price within a specific limit of time or expiry date. A gain of up to 95% can be made by correctly guessing an asset’s price action. The initial deposit to trade binary options with IQ Option is $1, with no transaction costs and expiry durations ranging from 60 seconds to the end of a month.
Digital Alternatives are a financial tool that enables you to trade on the magnitude of an asset’s market movements. If the commodity achieves the trader’s selected limit, payments for digital options could be as high as 900 percent. Digital options include a $1 minimum deposit and expiry dates ranging from 60 secs to 15 minutes.
IQOption’s specialized mobile application allows clients to trade opportunities and CFDs. The Android and Apple iOS running systems are supported by the mobile app. It can be installed through the Apple Store or Google Play.
The program is incredibly user-friendly, with a simple and intuitive touchscreen interface. It also includes the same charting features as their standard web-based platform.
You can do the following using the IQOption mobile app:
- Take out Trades
- Check the Status of Your Account
- Keep up with the latest market developments
- Use Charting Software
- Customizable Warning & Text Messages can be set up.
- And There’s More
Types of Account
There are two different kinds of trading accounts available at IQ Option: Standard and VIP.
- A $10 initial deposit is required for a standard trading account. Trading capability is unrestricted, unlike that of other CFD services. You’ll have accessibility to over 350 commodities to trade and withdrawals will be approved within 24 hours. You will also have access to several trading challenges offered on the IQ Option service (which only applies to customers outside of the EU).
- Customers who spend $1900 or more in a two-day period are considered for a VIP brokerage account. A VIP account comes with a personal account manager, monthly updates on your trading activity, and a 3% bonus. Customers from outside the European Economic Area (EEA) are eligible for VIP accounts.
Demo Account for IQ Option
IQ Option, like many other brokers, provides a free demo account with $10,000 in virtual money. There is no time limit on how long your demo account can be used. It allows you to practice various trade methods and familiarise yourself with the platform before risking real money. If you become from out virtual dollars in your demo account, they can request that they would be restored so that you can keep practicing.
Is the IQ Option risk-free?
Absolutely, IQ Option is a secure option. Including over 40,000,000 account holders, the firm is one of the largest and most successful binary options brokers in the business. The FSA also regulates and licenses them (Seychelles Financial Services Authority). For more security, all customer money is stored in separate bank accounts. The Investment Compensation System, which covers customer funds up to the maximum of $20,000, is a part of IQ Option.