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Who makes the best profits? The IQ Option leaderboard allows you to view the performance of the best.
One of the ways to know whether an options trading platform is legit or not is by finding out if traders actually make money on it. It's difficult tracking down traders and asking them whether they are making money trading. Most will actually avoid discussing their earnings with you.
IQ Option has a feature that solves both problems – the leaderboard. That's what I'll cover in this short guide. So let's find out who is the best trader in IQ Option?
Key Takeaways🔑
| →IQ Option leaderboard helps users compare their earnings to other traders on the platform. |
| →Leaderboard ranks are based on gross profits, not net profits, which can be slightly misleading. |
| →Use the leaderboard responsibly and avoid comparing your trading strategy solely based on other traders' performances. |
What is the IQ Option leaderboard?
This is a unique feature that allows you to quickly view which traders have made the most money on the platform over a period of 1 week. The traders are arranged in descending order with the person with the grossest profit being ranked number 1.
Besides top traders, the leaderboard also allows you to see your current rank. That is, how your earnings compare with other traders' earnings on the platform.
Viewing the IQ Option leaderboard
This feature is located on the left-hand panel of your trading interface. Simply click on “Leaderboard” and a list of profitable traders will appear.
At the top of this list are your name and current worldwide ranking.
How to use the IQ Option leaderboard
Find out your rank worldwide and in your country
Besides knowing how your profits compare to traders across the globe, you can also compare them against traders in your country. This can be done by clicking on the drop-down field marked “Worldwide” and selecting “In your country”.
Find out which countries have the most profitable traders
Once you click on the “Worldwide” drop down, your country appears on the top. But you'll also notice that the countries with the most profitable traders are ranked number 1 to 10. You can scroll down this list to find out what rank your country is. This list also helps you to know where the top traders on IQ Option come from.
Find out which assets the most profitable traders are currently trading
This is a small hack to identify which assets the most profitable traders are investing in at the moment. One of the skills successful traders have is identifying asset classes that can make a profit within a short period of time.
To do this, simply hover your cursor over the specific trader. IQ Option will create a pop up that shows the trader's name, gross profit, account type (if it's VIP or not) and the asset they're currently trading. Note that the trader might be trading on their practice account. But IQ Option will indicate this on the pop-up.
Pros and Consđź“Š
- âś… Pros:
- – Easy comparison of earnings with other traders on the platform.
- – Offers insight into the assets being traded by top performers.
- – Can be used to find successful traders for potential learning opportunities.
- ❌ Cons:
- – Leaderboard rankings are based on gross profits, not net profits.
- – Comparing earnings can lead to overconfidence or discouragement.
- – Focusing too much on other traders' performance may distract from developing your own trading strategies.
| Top Trader Attributes | Impact on Trading |
|---|---|
| Strong risk management skills | Helps in minimizing losses and maximizing profits. |
| Discipline and consistency | Leads to better decision-making and long-term success. |
| Continual learning and adaptation | Allows traders to stay ahead of market changes and trends. |
| Emotional control | Prevents impulsive decisions and maintains a clear focus on strategy. |
Important things to remember when using the leaderboard
Note that the IQ Option leaderboard only shows a gross profit. That is, the total of all profitable trades made. The losing trades aren't taken into account meaning the earnings displayed might be slightly higher than the trader's net profit. Thus, it can be said that IQ Option top earners are ranked in the table based on the profits realised by profitable positions. Loss positions are not counted here at all.
Another thing worth noting is that you can still view the IQ Option leaderboard even if you don't have a real account. However, profits generated from the practice account aren't considered. This means that only traders using real money accounts are listed on this feature.
Please note that IQ Option leaderboard is not the same as IQ Option tournaments. Tournaments are regular competitions for traders organised by IQ Option. Each tournament has its own separate leaderboard, but it is not linked to the main trader classification table on the platform.
That's it about the IQ Option leaderboard. Head over to your IQ Option interface and use this feature to know how you rank among the world's trading community.
Good luck in your trading!
Short Q&Ađź’ˇ
- Q: How can I improve my ranking on the IQ Option leaderboard?
- A: Focus on refining your trading strategy, managing risks effectively, and consistently learning from your experiences.
- Q: Are the top traders on the leaderboard always the best traders to learn from?
- A: Not necessarily. It's important to perform your own research and find traders with a similar trading style and goals as yours.
- Q: How can I avoid getting discouraged when comparing my earnings with others on the leaderboard?
- A: Focus on your own progress and improvement rather than comparing yourself to others. Remember that trading is a personal journey.
- Q: Is it possible to view the net profits of traders on the leaderboard?
- A: No, the leaderboard only displays gross profits, not net profits.
- Q: Can I use the leaderboard to find new trading opportunities?
- A: While the leaderboard provides insights into the assets being traded by top performers, it's essential to perform your own research and analysis before making any trading decisions.