Contents
For all those impatient, we have prepared a really quick overview of the IQ Option platform. With our express tutorial you will master the basics of the platform. Ready? Let's get started.
Key Takeaways🔑
| →IQ Option is a user-friendly trading platform that has been in existence since 2014 and continues to grow. |
| →The platform offers various assets to trade, technical analysis tools, and useful features for efficient trading. |
| →Before trading on IQ Option, familiarize yourself with the platform and conduct thorough research and analysis. |
What is IQ Option Platform
A trading platform is nothing more than trading software. IQ Option platform is available in a browser version and as a separate application for Windows and macOS. The user interface of the three is practically the same.
The platform communicates with the servers of the IQ Option broker. Quotes, news and account balance information are received on the platform from the server. From the platform our trading orders reach the broker's server. In the simplest terms, the platform replaces a stockbroker, whom you call to buy or sell assets.
Is IQ Option good for trading?
IQ Option's platform has been in existence since 2014 and has been growing steadily since then. IQ Option listens to traders and introduces further improvements to the platform to make trading easier and more effective.
IQ Option platform main window
The main trade room window of IQ Option platform shows a chart of an asset.
Just below the chart you can see the time interval panel that allows you to view the price change of the chosen asset for a selected period of time.
You can also zoom in or zoom out of the chart as well as focus on the current price.
IQ Option trading interface
In order to select an asset or a trading instrument. Click on the trading instrument in the left upper corner of the chart or add a new asset by clicking on the plus icon on the upper panel.
On the right-hand side panel. You can specify the amount of your investment by clicking the amount.
Just below it. You can see the leverage button which is available for stocks, forex, crypto, commodities and ETF. Leverage is used to borrow extra funds from a broker below you can see the green and red buttons that correspond to the price directions of an asset.
How do I use IQ Options platform?
Technical analysis tools
On the left-hand side of the chart. The technical analysis menu is located.
It consists of four sections chart type, time interval, graphical tools and indicators. By clicking on the chart type icon you can select the chart type.
By clicking on the graphical tools icon you can select additional tools for drawing and creating technical analysis elements such as trends support lines and resistance lines.
By clicking on the indicators icon you can set up and apply various technical indicators that will help you conduct a market analysis. Here you can also customize various widgets to make your trading more efficient.
Portfolio management and extra features at IQ Option platform
The panel on the left-hand side of the chart window consists of several sections. Total Portfolio shows all your active and pending positions.
You can sort out the positions by type of instrument and see the statistics about all your active positions. In trading history, you can keep track of all the deals you've made, see how much you've invested and what results you've made.
Charts and support are your channels of communication with other traders and our 24/7 support team. The leaderboard section shows their list of traders who have made the most profit on their real accounts over the past week.
The Market Analysis section provides you with news related to the companies whose stocks are available on our platform as well as various calendars. Video tutorials – there's a section where you can find all our video materials including educational videos, news digest, reviews etc.
If you need assistance go to the help section and find answers to the most popular questions about our platform or trading or ask our Customer Support Specialist if you've not found an answer to your question.
Account management at IQ Option
In the upper right corner just next to the deposit button you can switch between practice and real account. The balance on your practice account is not limited.
You can replenish it for free every time the balance goes below ten thousand dollars. To make a deposit, click on the deposit button. You will be redirected to the deposit window.
Detailed instructions on how to make a deposit at IQ Option are available in this article. If you are already trading on a real account and your funds are not sufficient for opening a new position, a deposit window will appear directly in the trade room.
In order to view or edit your IQ Option account settings, go to the account menu by clicking on the profile icon next to the account balance in the upper right corner.
IQ Option Platform Settings.The Hidden Secrets
Platform settings
To personalize the trade room window at IQ Option platform, click on the settings icon in the lower panel of the chart or on the profile icon in the upper right corner and select settings. In general settings you can change:
- a time zone,
- select an interface language,
- select a color scheme,
- change the interface scale and specify which information should be displayed on the chart and which should be hidden by taking the corresponding boxes in trading settings.
Trading settings at IQ Option platform
You can enable the trade completion feature, single click for opening and closing positions and manage other settings.
How to set keyboard shortcuts and notifications on IQ Option
Keyboard shortcuts help you navigate through the platform faster by quickly adjusting the settings of windows or panels chart views and chart types.
By clicking notifications you can customize notifications on the platform, adjust your account activity, set notifications related to market news, price movements, open positions and customer support chats.
Pros and Cons of IQ Option Trading Platform
Pros 😃
- User-friendly interface and customizable settings
- Wide range of assets to trade, including stocks, forex, cryptocurrencies, and more
- Advanced technical analysis tools and indicators
- Accessible through web browsers or standalone applications for Windows and macOS
- Responsive customer support available 24/7
Cons 😞
- May not be suitable for advanced traders seeking complex trading features
- Requires some time investment to learn the platform and its tools
- Trading carries inherent risks, and it's crucial to perform thorough research before investing
IQ Option Trading Platform Features
| Feature | Description |
|---|---|
| User Interface | Intuitive and customizable interface that is easy to navigate and personalize. |
| Technical Analysis Tools | Various tools and indicators for market analysis, including trends, support lines, and resistance lines. |
| Asset Types | Offers a wide range of assets to trade, such as stocks, forex, cryptocurrencies, commodities, and ETFs. |
| Platform Accessibility | Available on web browsers and as standalone applications for Windows and macOS. |
| Customer Support | Responsive 24/7 customer support to assist with any issues or questions. |
Privacy settings
In privacy settings, you can manage which information should be shown to other users and which one should be hidden.
In the About section, you can check which version of our platform you're currently using.
Any trading platform requires familiarity with it. IQ Option has many advanced charting and trading features. Fortunately, the platform's developers have user-friendliness in mind. As a result, navigating the platform is intuitive and it is quite easy and quick to learn how to use the platform. What are your favorite features of the IQ platform? Tell us about them in the comments below the article.
We wish you successful trading.
Frequently Asked Questions
- Q: Is IQ Option suitable for beginners?
- A: Yes, IQ Option is beginner-friendly with its intuitive interface, customizable settings, and a wide range of educational resources.
- Q: Are there fees associated with using the IQ Option platform?
- A: IQ Option has a transparent fee structure, including spreads, overnight fees, and withdrawal fees. Always review the fees before trading.
- Q: Can I use IQ Option on a mobile device?
- A: Yes, IQ Option offers a mobile app for Android and iOS devices, making it convenient for on-the-go trading.
- Q: How do I withdraw funds from my IQ Option account?
- A: To withdraw funds, navigate to the account menu and click “Withdraw Funds.” Follow the on-screen instructions and select your preferred withdrawal method.
- Q: Is my personal information secure on the IQ Option platform?
- A: IQ Option uses advanced encryption and security measures to protect your personal information and funds. However, always use strong passwords and enable two-factor authentication for added security.