IQ Option is a online trading brokerage enabling customers to trade a range of instruments and underlying assets. Operated by IQ Option Ltd the broker offers it services to traders across the world. One of the most interesting things about IQoption is their very low minimum deposit. Traders can start with only $10 and get access to a proper live account. In case they want to test the IQoption proprietary platform, they can also use the demo account with replenishable virtual funds.
IQ Option Trading Platform
Unlike so many other brokers in the industry, IQ Option uses its own software they keep updating regularly. While they did start as a binary options broker, meanwhile they have added a CFDs/Forex and Classic Options trading. This makes them one of the most versatile brokers for online trading. Basically, whatever instrument or whichever underlying asset – they have it.
Minimum trade price is $1 and maximum option price is $5000. If the trader wants to place multiple trades with multiple instruments, its not a problem with IQ options’ platform. All they need to do is select the asset in the upper left corner and the instrument below.
Currently available instruments are:
- binary options
- Forex CFDs
- Crypto currencyies CFDs
- Classic options
With quality of their services and up to date customer support, it shouldn’t come as a surprise why this broker is popular among traders worldwide. Traders in South Africa have possibility to have an accout in different currencies, including EUR, USD, GBP, RUB, AUD, CAD, NZD and Yuan. IQ Option platform is highly developed and all traders should be able easily navigate over the site and trading room. Platform is multilingual and available on English, Italian, German, Russian, Spanish, Turkish, Portuguese, Chinese, French, Swedish, Korean, Arabic and Indonesian. With IQ Option, traders can place trade contracts and options based on numerous stocks, currencies, commodities and indices. There are more than 500 underlying assets to be exact.
For more important information, check in our IQ Option review.
Cryptocurrency and Forex Trading Made accessible with IQ Option
IQ Option offers the ultimate trading experience for new traders and experts alike. An easy-to-use interface allows people to trade in the office, at home or on the move. As well as offering binary options trading instruments, IQ Option now offers the opportunity to trade in cryptocurrencies, Forex and stocks. This really is a one-stop-shop for online trading.
Registration with IQ Option is completely free, and traders can get started with a deposit of as little as $10. But anyone can experience what this powerful trading platform has to offer without spending a penny. All registered users have the option of trading with a free practice account. Beginners get to learn the basics of online trading without having to risk any funds.
Everything in One Place
One of the aspects of the IQ Option interface that makes it so easy to use is the fact that all of the trading instruments available use exactly the same dashboard. Users simply select the asset they want to trade before selecting an amount and choosing either the “Buy” or “Sell” option. There are charts that display the most recent market trends, so users can make judgment calls with the most recent data at hand. And there are options to set Stop Loss and Take Loss Profit commands — so there’s no need to constantly monitor trading positions.
Cryptocurrency Trading with IQ Option
The World’s leading cryptocurrencies are now trading instruments on the IQ Option interface. Users can choose whether to trade Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, IOTA, Dash, Ethereum Classic, Monero, OmiseGo, Zcash or Santiment.
Cryptocurrency trading has never been more accessible, thanks to the range of analysis tools and reference materials available from IQ Option. Traders can assess the very latest market trends before making their judgment calls. For beginners, there are several video tutorials that cover the basics of cryptocurrency trading, as well as the opportunity to use a free practice account to hone skills and master the mechanics of online trading.
IQ Option gives traders the opportunity to make money from cryptocurrency trades, regardless of the current market conditions. Short selling this digital asset means IQ Option users can turn a profit from both rising and falling digital currency values. And by using the margin trading option, traders can take advantage of up to 5x leverage — increasing profit when successful predictions are made. However, it’s worth pointing out that this tool can also increase losses when predictions are incorrect, so it should be used carefully.
IQ Option is as much a community as an online trading platform. There are regular market analyses from resident experts, as well as 24-hour support from the IQ Option team. This fully licensed broker is currently responsible for more than $11 billion worth of trades every month, so it has a proven track record of making trades as simple as possible.
A quick registration process, a low minimum deposit and a selection of tools and resources combine to make IQ Option the perfect way to get started with cryptocurrency trades. But experienced traders also find that the versatile online platform streamlines the trading process and makes portfolio management very easy.
Forex Trading with IQ Option
Forex trading with IQ Option gives you competitive spreads. A wide range of currency pairs are available for trading, so you have the opportunity to generate a profit from both rising and falling currency values. IQ Option gives users a brief overview of the biggest currency gainers and losers, but there’s also a great deal of historical data on offer — helping you to make the most informed judgment calls possible.
The Forex trading interface provided by IQ Option allows you to make trading decisions based on the most up-to-date market data available. You can buy or sell, depending on whether you think the price of your chosen currency will rise or fall in comparison to the paired currency. There’s also the option of setting Stop Loss and Take Profit orders — so you don’t have to be around in order to close your trading positions.
Currencies are notoriously volatile, so making predictions isn’t always easy. While there can never be any guarantees where trading is concerned, IQ Option provides you with everything you need to make the best possible judgment calls at the time. Read what industry experts think about the currency markets, view historical data to look for trends, and use various analytical tools to assess the best course of action.
A Fast-Growing Online Trading Platform for Everyone
When it comes to assessing the effectiveness of IQ Option’s trading interface, the numbers speak for themselves. Since 2013, the number of user accounts has soared to more than 14 million. The platform was processing around 200,000 transactions a day, but that number had risen to around 3 million by the end of 2016. And the money withdrawn by IQ Option traders every month has risen from $500,000 in 2014 to $5.7 million by the end of 2016.
Trading global currencies can be a daunting prospect for beginners, but IQ Option’s practice account, video tutorials and 24-hour support eases new traders into the process. A simple interface makes every trade transparent, and allows users to manage the level of risk they’re willing to accept. These market-leading features has made Forex trading accessible to all kinds of traders — whether they’re trading at work, at home or on the go.
Why Choose IQ Option for Cryptocurrency and Forex Trading?
There are currently 90 currency pairs available for trading with IQ Option, and that number could increase in the coming years. If you’re interested in cryptocurrency investments, the 12 most popular options are already available on the platform, and more will be added over time.
All IQ traders are given the very latest market information, as well as a suite of tools aimed at making portfolio management and trading decisions efficient and effective. Tools such as stock screeners, calendars, volatility reports and market updates help you to make the best judgment calls possible.
But one of the main reasons for the rising popularity of IQ Option among ordinary investors is the community spirit it offers. You can call upon support and advice from industry professionals and fellow traders, and you’ll never have to leave the IQ Option platform to do so.
Home to more than 20 million active traders, IQ Option truly is a one-stop-shop for trading on the Forex and cryptocurrency markets.
IQ Option Demo Account
During our IQ Option review, we found out how IQ Option offers traders in South Africa and worldwide possibility to use demo account. IQ Option is free of charge. Demo version of trading platform is same as the live version, and it is excellent for skill improvement in trading process . Demo enables traders to exercise to be better in the trading world and to become more experienced without risking their own money. They get $10000 virtual funds they can use for trading as if it was with the real money. If they spend it, they can “refill” it again! IQ Option offers traders free demo account and possibility to trade with all of the underlying assets.
IQ Option also has a mobile application, but it also has a mobile web trading solution, so however you try to approach their website from the mobile phone – it will work. This is a great way to continue trading Forex or Binary Options wherever you may be, if you have 3G reception, or better.It works on smartphones and tablets also. Traders can use IQ Option trading platform on Android and Apple devices, thanks to their compatibility.
While reviewing IQ Option, we saw their Education section and were surprised how much data is available for all traders. Both new traders and professional ones can use a variety of trading strategies to be more successful and also can check FAQ for any detail regarding trading process. Traders can also use the Video TUtorial section directly from the IQ trading platform.
IQ Option Trading Accounts
Besides demo account, IQ Option offers traders two account types: Real Account and VIP Account. More through info you can get below in IQ Option review.
To start binary options trading process, traders have to deposit minimum amount of $10 and get a full access to all trading instruments and services. Available number of assets is 500.
Traders have option to participate in different trading competitions and access numerous trading tools. Regarding withdrawals, it takes up to 24 hours,
Minimum deposit is $3000 and traders in return get a variety of useful trading instruments and features, such as full access to all information and opportunity to trade with more than 500 assets. Withdrawal process is quicker than in Real account and it is available in 1 business day. IQ Option traders get monthly trading analysis and are able to participate in trading competitions.
IQ Option Customer Support
in IQ Option review, we found out how customer support is available 24/7. They do not offer live chat communication channel, that majority of traders are used to. Because of its own software, everything is little bit different. For example, if traders who use demo account, want to contact this broker, they have to upgrade to the Real account first.
IQ Option Banking Info
IQ Option takes care of security for their traders in South Africa and other world countries. Deposit and withdrawal process presents no difficulties for traders. IQ Option offers possibility to trade with many different currencies which is excellent.
For depositing and withdrawing, traders can use different payment options, including debit (Maestro and Visa Electron) and credit cards (Mastercard and Visa), bank wire and e-wallets (Skrill Moneybookers, QIWI, WebMoney, iDeal, Neteller, FasaPay, Boleto and CashU).
With IQ Option broker, estimated time to withdraw funds is 1 business day. Also, minimum withdrawal is $2, due to commissions. Entire payment procedure is detailed explained on their site, which is important because it is an indicator of transparent business.
Is IQ Option a Scam?
Many traders are wondering if IQ Option is a scam. Till today, we received no complaints regarding this broker so it is possible to say how IQ Option is not a scam. IQ Option is a regulated broker with a modern proprietary platform and reputation that is not stained with rumors about them doing any sort of unethical practices. Binary trading with IQ Option is taking place on a platform that is up to date with latest trading technologies.
IQ Option scam is non-existent and traders can trade in peace. This broker also offers a free demo account that is great for practicing and getting familiar with binary trading in general. You don’t have to make a deposit as you can open a demo account without an investment. This straightforward approach is great as you see what you are getting into before trading with real money. No scam would allow you to do that.