- 0.1 IQ Option Review (Updated February 2023)
- 0.2 IQ Demo Account
- 0.3 Is IQ Option Legit?
- 0.4 IQ Option Payout and Returns
- 0.5 IQ Option Software
- 0.6 Charts, Tools, And Indicators
- 0.7 Customer Service
- 0.8 Deposit Options
- 0.9 Expiry Period
- 1 Company Profile
- 2 More About IQ Option Deposit
- 3 Withdrawal
- 4 Downloading The App
- 5 IQ Option Downsides
- 6 Complaints about IQ Option
- 7 How User-Friendly Is IQ Option
- 8 Tradable Assets
- 9 Commissions And Effective Returns
- 10 Contact And Support
- 11 Deposits, Withdrawals, And Bonuses
- 12 Website Extras
- 13 IQ Option Review FAQ
- 13.1 How Should You Use IQ Option In The USA?
- 13.2 How Can You Change Your Currency Deposit On IQ Option?
- 13.3 How Will You Get A Real IQ Option Account?
- 13.4 Where Is IQ Option Broker Allowed?
- 13.5 Where Is IQ Option Headquarters?
- 13.6 Does IQ Option Have A Maximum Trade Size?
- 13.7 Is IQ Option Safe?
- 13.8 Is IQ Option In Any Way Connected To Metatrader?
- 13.9 What Is The Best IQ Option Deposit Method?
- 13.10 Which Is The Best Way To Withdraw Money From IQ Option?
- 13.11 Can IQ Option be trusted?
- 13.12 How Can I Open An Account With IQ Option?
- 13.13 Why Is My IQ Deposit Not Working?
- 13.14 What Does CFD In IQ Option Entail?
- 13.15 How Can I Trade Forex In IQ Option?
- 13.16 Can I Buy And Sell Bitcoin On IQ Option? How?
- 13.17 What Is Digital Options?
- 13.18 How Do I Choose The Best IQ Option E-wallet?
- 14 Pros and Cons of IQ Option
- 15 Key Features of IQ Option
- 16 Q&A on IQ Option
- 17 GENERAL RISK WARNING
This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders
IQ Option Review (Updated February 2023)
IQ Option is one of the best known binary brokers, and most people have reviewed it as a top-notch solution. It is more of a representation of what binary trading platforms should look like in the coming years. IQ can be termed as all-around software that accommodates all traders' needs, and it is, therefore, something that I can confidently recommend.
IQ Demo Account
You can access the Demo account on Android, PC, and IOS. It is recommendable that you try out the free Demo option first so you can evaluate the platform and understand it better. The Demo account reviews show that it is a good platform, but you should give it a free trial first. You can always top up your available virtual money to improve your trading skills.
Is IQ Option Legit?
In fact, the IQ Option trading platform is legitimate. Millions of traders have used the services of this broker, which has clients from all over the world. Every day, one million transactions are processed.
IQ Options is a reliable and trustworthy broker with an excellent trading interface. It is suitable for all levels of traders, from the novice to the expert.
The main con being, IQ Option does not accept traders from several countries. An up-to-date list of restricted countries can be found on the official website. However, IQ Option does not accept traders from several countries. An up-to-date list of restricted countries can be found on the official website.
|→IQ Option is a widely-used trading platform with a user-friendly interface suitable for all levels of traders.|
|→Offers a wide range of assets, tools, and features to enhance the trading experience.|
|→It is crucial to conduct thorough research and analysis before investing in any trading platform, including IQ Option.|
IQ Option Payout and Returns
I’m giving the platform a 5 out 5 for returns. The returns are attractive, and if you are looking for a pleasurable trading experience, IQ will do you good. The maximum payouts go up to 100% in cases of a successful trade.
Weekends are ideal for trading cryptocurrency, which is available on the platform as OTC assets. So traders can trade on weekends as well, but keep in mind that they only offer cryptocurrencies.
Also, a nice extra is the IQ Option tournaments where you can compete with other traders to make the most tournament money in your account over a limited time frame., Here you can participate with very little or no investments. and the tournament winners can get very very lucrative Rewards. I recommend giving it a shot. It’s a fun way of trading, one time I joined a small tournament for a 5 USD buy-in and was able to get 200 USD in return for my 4th place in the rankings.
IQ Option Software
I would give this software a rating of 10 out of 10 and with good reason. This is the best software that I have seen in the longest time.
There is a lot to love about this software and its interface, the layout, and its usability. The platform has excellent features to be discussed further later in this IQ Option review.
To sum it up, we can all agree that the software is super incredible.
Charts, Tools, And Indicators
The platform entails a range of chart options which allow you to choose the one that suits your exact trading needs. These include candles, bars, lines, and Heikin Ashi. Each of these choices has its different features, pros, and cons. For example, if you are technical analysis and following trends, you can go for various drawing tools such as trend lines which will help you in setting up price movement’s level of support and resistance.
What’s more? IQ option offers you an array of indicators that lets you choose the best based on your style and preference. You can access all these elements by checking the bottom left of the trading interface.
They have great customer service, and I would give it a 4 out of 5. One of the things I love most about their customer service is how instantly they reply to inquiries.
They have an excellent customer support team that has been set aside to answer all questions within seconds. Nothing beats fast responses when it comes to determining the quality of customer services, and this is something a plus for them.
You will have access to a range of deposit methods, and that is another positive thing about the IQ Option. It shows that they care about their customers and have come up with payment options to suit every client’s needs.
Their deposit forms include eWallets, credit, and debit cards. They also listened to customer demands and have recently introduced AstroPay card and ADV Cash as acceptable methods of payment.
This makes it more convenient for everyone and more straightforward for new traders to join the trading platform. Generally, deposit options vary depending on the country of a client.
The expiry term depends on how long you are willing to hold the trading position. This could range from one minute to one month. IQ has a range of trade expiry periods, which mostly depends on the kind of asset that you will be trading. You can hold binary options positions for a range of between 1 to 5 minutes. The other feature to love about this platform is that you have the chance to set trade entries that will happen in the future. For example, you can set a trade entry that you want to occur in the next 2 or 3 minutes.
This firm has been in existence since 2013. The IQ Option headquarters are in Saint Vincent and the Grenadines, and the company registration number is 905 LLC 2021. They provide their services to Asia, Africa, Latin America, and the Middle East.
They provide excellent customer service and exceptional 24/7 international support in multiple languages. This ensures that they can communicate with all of their customers easily. Traders can also contact their support team via email, phone, Skype, or chat. We did contact their support desk and confirmed that it works and that there is a real person answering your questions.
More About IQ Option Deposit
Let us dig deeper about the deposit options. We already made it clear that they accept a range of deposit options, but what are the terms? For starters, you should know that the minimum deposit amount is $10. This means that you cannot deposit an amount lower than this.
The amount is relatively fair and great for those who just want to give them a try before making the final decision. It is quite a reasonable amount for those who wish to deposit and see if the system works before investing in big amounts. It would have been unfair if you had to make a minimum deposit of $50. That will be a significant loss if things fail to turn as you expected.
Now away from the deposit, the minimum amount that you can invest in this trading platform is $1 per trade while the maximum is $20,000. The maximum deposit amount is as much as you want. The available deposit options are MasterCard, bank cards, e-wallets, Visa, Astropay, and ADV Cash.
You may notice that sometimes the deposit will take some time before reflecting in your trade account and there is nothing to worry about. In most cases, though, it will reflect instantly.
update: from the 8th of June 2022 and on, traders will have 1 commission-free withdrawals per calendar month. The calendar month is calculated from the first day of the mouth. Each subsequent withdrawal will incur a commission fee.
Now that you understand more about the deposit, it is time to learn more about their withdrawal options. A few years ago, IQ Option introduced instant withdrawal. This means that your withdrawal request will be processed instantly. However, most withdrawals are processed within 3 business days.
It is advantageous since you get your cash immediately after making the request and therefore if you were after urgent money, then they got your back.
You, however, need to prove your identity first for the withdrawal to be successful and for it to be fast. Ensure that your account is fully verified before attempting to withdraw.
Downloading The App
The best part about IQ Option is that it is available on smartphones. You do not have to be next to your computer to enjoy trading on IQ option.
Simply download the app on your Android or iOS, and you will even love that the app is free. The other thing to like about the app is that the features you get on your smartphone apps are the same as you would find if you decide to use a desktop app.
Do You Need An IQ Option Account?
Although it is not mandatory, it is recommendable that you give the platform a free trial with a demo account. This way, you will be in a position to determine if the platform is worthy or if it meets your expectations.
What Are The Benefits Of IQ Option?
You are probably wondering what it is that makes this trading platform stand out and why it is better than most platforms. IQ option has a range of great deals that makes it most people’s favorite. Let’s have a look at some of these aspects;
The platform is easy to use – you do not have to be an experienced trader to be in a position to use this site. Even new traders find it quite friendly and easy to navigate, and this is one of the main aspects that people look for when deciding on the best trading platform to choose.
Accessibility – the other benefit or feature that makes IQ Option stand out is its accessibility. By this, it means that you can easily access the platform from various devices such as on your smartphone, web browser, or on your desktop. You can enjoy trading from anywhere and at any time.
IQ has invested in ensuring that they can offer their customers educational resources and guide them through the trading process. They have a collection of educational resources like videos, articles, and real-time smart news feed to keep the traders updated at all times and help them keep up with the market trends.
They also have a wide range of tradable assets to cover everyone’s needs and answer all questions that traders may have regarding the same. These include cryptocurrencies, binary, stock, and commodities, not to forget ETFs.
Great financial instruments – IQ has done a great job in offering financial instruments to meet the needs of traders from specific regions.
IQ Option Downsides
Anything with upside has a disadvantage, and IQ Option is not an exception. There are a few things not to like about them. The first one is that their primary focus is on investors who prefer a short holding term. They do not consider those who want a longer expiry time, and mostly their terms expire within a day unless traders set a shorter period. They, however, have an off month longest option where you can hold your trade position longer.
Do You Need To Open An Account With IQ Option?
If you are still in a dilemma and still wondering if you need to open an account, here is what you need to know first before making your final decision. You should know that their website is professionally designed to offer simplicity and convenience when using it.
This is unlike most broker sites that are filled with clutter. The sites are easy to use and navigate through different sections of the platform. What’s more? You will find all the information you need about opening and using an IQ Option account. It is all well described as you move down the site.
You can access the website through your Smartphone or computer. This is an additional point as it means that you can access your account from anywhere and at any time provided you have your device with you and an internet connection. They care about everyone, and they understand that they have customers from all over, and for this, they have availed the site in 13 different languages. This ensures that every trader can access and understand it regardless of where they come from.
If you are still not sure about whether to open an account, you will be happy to know that the process is super easy. They have also gone out of their way to offer demo accounts where you get to learn more about the account and how to use it. All that is required from you is to fill in your names and email to gain access. The real account, however, needs you to present your identification documents and get verified before you can withdraw funds. Verification may take approximately 10 to 30 business days.
The best part about IQ Option is that they have gone out of their way to offer traders useful and educational resources to guide them on how to open and use the account. Traders have access to more than 200 high-quality videos on the site, all of which have been posted to tutor them and answer any questions that they may have regarding account creation.
They have also put up blogs and articles explaining the same and ensuring that site visitors get to keep up with the constantly changing trends. Even better; they have an informative FAQ section that answers all the frequently asked questions about trading.
Now that you have already created an account, you need to understand more about depositing and withdrawal, and once again, the process is straightforward. IQ accepts different methods of payment, and with this, you can deposit your money instantly at any time with your phone or credit card. Also, they are still adding payment methods, and with time, they will have more available payment methods. They recently added AstroPay card and ADV Cash to grow their list of acceptable payment methods.
How long does it take for the money to credit to your account? This will sorely depend on your method of payment. The minimum allowed amount that you can deposit is $10 and this is quite friendly compared to their competitors. You do not have to worry about your money going to waste once you realize that the platform is not exactly what you were anticipating.
You are allowed to invest as little as $1, which is the minimum investment amount based on what trading instrument you choose to invest in. You can request your money to be sent through any of the available deposit channels and your request is processed within 3 days.
However, your money can only be sent to the same channel that you used for depositing. Card withdrawals are the most prioritized, and therefore, when creating an account, it is best that you consider it as your primary method of deposit and withdrawal.
The trading platform is professionally designed and allows you to access a range of features with one click on the right of the interface. Some of the features to expect from the interface include;
- You can access your trading history from when you started and all the details of the past trades
It lets you select an asset by clicking on the + sign located at the top of the interface
- You can view the leader board where you get to see how other traders are doing in terms of earnings
You can view the upcoming tournaments
- You get access to market analysis, which allows you to view top performing forex and earnings calendars. This is an essential element to guide through your analysis
- You only need to make a single clean to reach the support team and have all your questions answered on time
- You can view a range of tutorial videos, graphical tools, and different charts
You will also love that they have invested in charts and indicators to make navigation through the site easier, even for the new traders. They are continually updating the charts to ensure that they can accommodate all traders and their preferences and styles. They recently introduced Belkhayate timing, DPO, and KDJ indicators.
The first thing that traders look for when selecting a good trading platform is customer support. IQ Option has proven its worth and has done a great job in offering customer services and ensuring that traders are attended to on time and that they can get answers to all their inquiries. They have integrated a live chat feature that ensures that traders get to have their issues addressed in real time.
Traders get the chance to interact with other traders as IQ Option has added a chat feature that traders can access from their trading accounts. This is super efficient, especially when a trader is looking for tips to be successful. S/he can get them by asking from the rest of the high-earning traders.
How effective is IQ Option? I have already mentioned several times that they offer up to 92% payouts on successful trades. This is a better rate than what most brokers provide, and you can trust that you will be able to reap big from this platform. Their trade expiry time is, however, shorter than most brokers as their speed trading starts from 1 minute to 1 hour. The position holding term that you get is one month.
Complaints about IQ Option
A lot of good things have been said about IQ Option, but that does not mean that there have not been any complaints about it here and there. Some users have had a few negative things to pinpoint about this broker, but it requires you to do some in-depth digging to come across the complaints.
Most of these complaints focus mainly on pricing. Some traders feel that there is an unfair difference between the strike prices and the actual market price.
They feel that what they make from the platform is a bit lower than their expectations.
The other common issue that most individuals complained about was the withdrawals. Some people feel that it takes too long before money reflects in their bank accounts.
They wish that it would be as instant as it is when making deposits. It quite some time for the money to reach your account after sending the withdrawal request.
This complaint triggered the changes in terms of withdrawal, and since then, IQ Option introduced instant withdrawal. This means that they can now access their money faster, especially when they use debit and credit cards as their method of payment. Most of the withdrawal requests are now processed within 24 hours, and this is a plus for the platform.
Currently, wire transfers are available practically everywhere. It is recommended that traders choose their method of payment carefully to avoid frustrations during deposit and withdrawal.
How User-Friendly Is IQ Option
User-friendliness has been one of the top reasons why a lot of individuals prefer this site, and to my review, the interface is very easy to use. The design is super amazing, and the sections are professionally laid. The platform has been made for everyone's convenience, and even the new traders find it super easy to use and navigate. Just a few mouse clicks and you will find yourself at the right place.
The platform has an easy-comprehend interface, but it is a bit cluttered, especially for those who have more than one open trade. It gets even worse if you try to open more than one window. in my opinion IQ Option mostly focuses on African and Asian traders, and you will realize that most of the available languages are from these two regions.
How accessible is the platform? The accessibility of the site has been improved dues to its mobile-friendliness and the fact that you can access it virtually from anywhere at any time.
IQ Options is one of the few brokers that offer over 300 financial assets to traders. Some of these tradable assets include;
This is where they started. Initially, they offered binary options, and these assets have a fixed return of up to 92% on successful trades. You should note that there is no precise amount that you can lose. The amount is proportional to your investment.
IQ Options are trying to keep up with technological advancement and have recently launched digital options. People find this option more and trade conveniently. Digital options come with a range of benefits.
For starters, you can get up to 900% returns on successful trades. Your potential returns will be based on your strike price. Also, you can only lose as much as you have invested, and the best part is that you can exit the market if you feel that the losses are too much. You may also do this to lock in profits. Trade position expiry time is between 1 to 5 minutes. Digital options are the best for individuals in areas where they cannot access FX trades.
IQ Options offers a range of tradable commodities which include oil and gold, Trading with commodities is the best choice if you wish to hold on your position for an extended period.
ETFs are more like stocks. They come with some pros the main one being that they give traders a chance to diversify their portfolio and buy as many shares as they can afford. They have a choice to buy as low as one share.
IQ Option is among the few brokers that offer their traders more than 165 stock CFDs all from established companies from across the globe.
Forex is one of the people’s favorite training assets in IQ Options, and you can take advantage of this asset and enjoy making up to X500 returns.
Cryptocurrencies are another kind of asset that has been gaining popularity and have become a buzz in the market today. Luckily with IQ Option, you will have access to over 11 cryptocurrencies that are traded are CFDs, and they give you a chance to make as much as you can with these currencies.
They offer unique and highly leveraged cryptocurrencies that you might not find anywhere else. For example, with Bitcoin, you can leverage as much as X100, which can increase your profit and loss potential. You should, however, note that the leveraged cryptocurrencies are only meant for traders that are based outside the EEA.
This broker allows its traders to invest in about 11 of the most prominent largest indexes. You also get a chance to enjoy the leverage of up to X 150 when you trade with indices on IQ Options.
Commissions And Effective Returns
IQ Options is among the brokers that primarily focus on short position holding terms. If you are after extremely short terms, you can IQ Options allows you to access turbo options which have expiry dates of about 60 to 120 seconds.
Their short term options have expiry terms of about 1 to 5 minutes, and you may have an increment of 5 minutes after that. The most prolonged position holding period you can take is up to one month. This broker provides traders with decent returns as a successful trade can for up to 92%.
Contact And Support
IQ Option has been doing good work and trying its best to offer excellent customer support. They believe that customer support is the key to seeing the customers satisfied, and it is the only way to keep them hooked. For this, they have set aside a group of customer support whose availability is 24/7.
This ensures that traders can have all their issues and inquiries solved within the shortest period. They have a direct number, and the good thing is that they have a real person behind the desk. Traders can, therefore, have confidence that all their queries will be answered regardless of how complex they may seem. You can reach their customer support team through a range of channels such as Skype, email, phone, and chat rest assured you will get fast responses.
They have also integrated a chat feature within every trader’s account interface so that traders can chat among themselves. They can take advantage of this feature to inquire when they have problems or when you want to ask about tips from the more experienced or high-earning traders.
Deposits, Withdrawals, And Bonuses
Deposits and withdrawals are quite easy, and IQ options accept a range of payment methods, including e-wallet, credit and debit cards. Also, the verification process only takes a short while, and you all ready to start with your trade. It will take you a few weeks for the account to be verified. After verification, you can now make your first deposit, the minimum amount being $10. This is quite a good amount bearing in mind that most brokers will require you to deposit a minimum amount of up to $250.
Depositing is not the only easy thing since withdrawal has been improved and it now takes you the least time to have your money in a bank account. You, however, should note that they will only accept the payment method that you used for depositing to be the same for withdrawal. You should also note that IQ Option does not offer sign-up bonuses.
IQ has made several steps ahead and is now offering unique and super-efficient features to improve trade and make the process easier for everyone. They have put together over 200 tutorial videos to provide traders with resources on how to get started and how to use the platform. They also have a demo account which gives traders a chance to do a free trial and see if the platform meets their needs.
The IQ Option trader account gives you access to other tools and features to make the trading process more convenient for you and ensure that what you get matches your preferred pattern. Most of these tools are things that you will not find anywhere else.
IQ Option was launched in 2013, and since then, they have made it to the list of the fastest-growing binary options brokers. This shows just how hard they have been working to ensure that their clients get only the best. They have a wide range of tradable assets and traders' friendly features, and these things make the platform likeable to everyone.
IQ Option has made a lot of efforts in introducing new financial instruments such as fore and digital options, and this is another plus for them. They are trying their best to increase leverage, and integrate more indicators to make trading as smooth as possible for everyone.
Their hard work does not go unnoticed, and with everything they have been doing, IQ option now oversees transactions of more than $380 per month and an average trader withdrawal of more than $10.8 million in a month.
IQ Option Review FAQ
How Should You Use IQ Option In The USA?
Unfortunately, this platform is not allowed in the USA.
How Can You Change Your Currency Deposit On IQ Option?
This is only manageable when making your initial deposit. You can do this by clicking on the deposit button on your account, and a deposit window will pop up. You can then choose your preferred method of payment. Enter the amount and click on your preferred currency. Note that you will be doing all these on your demo account.
How Will You Get A Real IQ Option Account?
It is quite easy. You only need to visit the main website; https://iqoption.com/en, and you will get the demo account download option. Go to deposit and after choosing your preferred payment method and making your deposit, wait for a few seconds or minutes for the money to reflect in your account. Now you have your real account, and you can start trading. It is recommendable that you verify your account immediately after making your deposit. This is so you can avoid issues when making withdrawals.
Where Is IQ Option Broker Allowed?
IQ Option is also allowed in some parts of Africa, Asia, New Zealand, and Latin America. You should, however, note that particular financial instruments are only available in specific regions.
Where Is IQ Option Headquarters?
The headquarter is located in the Hinds Building, Kingstown, St. Vincent & Grenadines.
The IQ Option registration number is “905 LLC 2021
Does IQ Option Have A Maximum Trade Size?
Yes, IQ Option has a trade maximum for both real money and demo account. You can make an investment maximum of $20,000 in a single trade.
Is IQ Option Safe?
IQ Option adheres to the regulative requirements in ensuring that their clients are safe. What's more, IQ Option utilizes SSL encryption technology to ensure that there is no unauthorized access to your account. IQ Option implements strong steps to encrypt the web traffic between the trader’s computer system and their servers to ensure that their clients’ personal and financial details are secured.
Is IQ Option In Any Way Connected To Metatrader?
IQ Option utilizes its designed platform and is in no way associated with the Meta Trader platform.
What Is The Best IQ Option Deposit Method?
IQ Option offers diverse deposit methods, but my favorite option is Skrill wallet. This is because it is easy and fast for deposits and withdrawals, and IQ Option will not impose any extra fees. (apart from the withdrawal fee starting from the second withdrawal)
Which Is The Best Way To Withdraw Money From IQ Option?
IQ options offer you Skrill Wallet which makes withdrawing cash quite easy. The good things are that you don’t get charged an extra withdrawal or deposit fee. (apart from the withdrawal fee starting from the second withdrawal) Besides, you get to withdraw any amount, and the process is fast. The last transaction was completed in less than 24 hrs but it must be a working day.
Can IQ Option be trusted?
IQ Option has built up a good reputation in the market over the years. This can be seen from their regulated status and the rewards they have won. From their growth curve, based on the number of withdrawals made monthly, it is clear that they have a good reputation.
As of 2015, traders recorded withdrawals amounted to $1.5 million per month, and as of 2017, the figures had grown to over $10.8 million per month. Their official partnership with Aston Martin Racing from 2017 to 2018 further shows how committed and reputable IQ Option is, and they have and continue to demonstrate how the online trading community can be trusted.
How Can I Open An Account With IQ Option?
Opening an account with IQ Option is free and easy; you only need an active email, Google+ or Facebook to sign up. After signing up, you get $10,000 in Demo account that you can freely use. From there you need to deposit a minimum of $10 to switch over to a real money account. It is recommendable to verify your identity after switching to a real money account to make the withdrawal possible.
Why Is My IQ Deposit Not Working?
IQ deposit could fail due to primary reasons; either your location or platform. If you are opening an account in a region that IQ option does not support, for instance, the USA, your deposit may fail. In terms of the platform, you are using, choosing a payment method that is not IQ supported will render your deposit efforts to fail.
Before proceeding, see to it that your region is supported and that the payment method is available. If you hit any snags, contact customer support for thorough assistance to ease your depositing effort.
What Does CFD In IQ Option Entail?
With CFD, you can hypothesize and trade following the price changes. Based on specific price movements of various assets such as stocks, cryptocurrencies, and indices, CFD in IQ allows you predict whether the asset’s underlying prices will rise or drop in a particular timeframe and trade accordingly. This will enable you to take advantage of the variance between the present and prospective prices, unlike in predetermined returns, as is the case in binary options.
How Can I Trade Forex In IQ Option?
Trading forex in IQ Option is quite easy. All you have to do is to choose the forex option from the “assets list,” choose the currency to match what you wish to trade in, the amount you want to invest and finally the multiplier if you like since it is optional.
After that, the next step is to plan your trade forex by applying trading limits that are, stop loss and take profit. The application allows you to control losses and lock in profits should the markets work against your favor. The next step involves selecting the direction that you think the FX match up price will take to enter a position.
Can I Buy And Sell Bitcoin On IQ Option? How?
Yes, you can buy or sell Bitcoin on IQ Option via cryptocurrency CFDs. However, you should note that the buying and selling doesn't mean that you actually own BTC tokens, but you will be profiting or losing as you speculate the token’s price movements.
Your Bitcoin activities will generate profits by the variance between the price at trade entry and exit. To trade Bitcoin on IQ Option, you simply visit the cryptocurrencies section and select Bitcoin on the list. After your selection, enter the amount you wish to invest, followed by entering the trading limits this is stop loss and take profit. If you wish to buy, click on “buy” or “sell” if your Bitcoin activity involves selling following your speculation on the expected Bitcoin’s price direction.
What Is Digital Options?
Digital options is a fairly new instrument which allows higher returns in comparison to binary options. This is made possible by allowing you to choose the strike price, that is, the price you expect the asset to reach, and a timeframe which is over your old position.
After your selection, the platform by design evaluates the expected profit. The best part is that you can exit a trade before its set expiry. This means that you can lock in profits or minimize losses.
How Do I Choose The Best IQ Option E-wallet?
IQ option offers a variety of eWallets to choose from. The best way is to choose an eWallet that you are most comfortable with. Among the available options include WebMoney, Skrill, and Neteller. Skrill is among the favorites owing to its fast processing time and no fees charged. (apart from the withdrawal fee starting from the second withdrawal)
Pros and Cons of IQ Option
- Intuitive and user-friendly interface.
- A wide range of assets and trading tools available.
- Offers a demo account for practicing and familiarizing with the platform.
- Provides educational resources for continuous learning.
- Not available for traders from certain countries.
- Some users may find the range of assets limited compared to other platforms.
- Weekend trading limited to cryptocurrencies only.
Key Features of IQ Option
|User Interface||Intuitive and easy-to-use interface designed for traders of all levels.|
|Demo Account||A free demo account allows users to practice and familiarize themselves with the platform before investing real money.|
|Trading Assets||A diverse range of assets, including binary options, digital assets, commodities, ETFs, stocks, and forex.|
|Educational Resources||Provides educational materials and resources to help traders continuously improve their skills and knowledge.|
What Does The IQ Option Broker App Do?
The IQ Option broker app is software designed to run on your Smartphone or desktop. The app is specially designed to ease your logging into the trading account while making it more secure and faster. The IQ Option broker app operates on macOS, Windows, and iOS devices, as well as on Android.
Can I Trade With “Borrowed” Money On IQ Option?
Yes, with the IQ Option multiplier, you can trade with “borrowed” money. The IQ Option multiplier special feature permits you to enter a trade with more money than what you are investing.
For instance, if you are entering a trade with $100, you could apply an X50 multiplier that turns your investment to $5000. It means that if your trade is successful, you make 50 times more than you could’ve had you traded with the initial $100 investment. However, it also affects the amount of your loss
What Does Crypto In IQ Option Mean?
Crypto in IQ Option is a short form for cryptocurrencies. IQ platform avails various cryptocurrencies. Cryptocurrencies have become a popular virtual currency maintained by blockchain technology. The financial instrument's popularity has made it a valuable choice for most traders all over the world. You can find 11 diverse cryptocurrencies offered on the IQ Option platform.
What Are IQ Options Pros?
• Flexible deposit options and accepts credit cards
• Seamless, secure, and fast with a trading app
• Islamic account
WARNING! Please Take Note That Your Capital Is At Risk.
We hope you found answers to all your questions in our IQ Option review. We wish you only profitable trades on the IQ Option platform!
“This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders.”
Q&A on IQ Option
- Q: What types of assets can I trade on IQ Option?
- A: IQ Option offers binary options, digital assets, commodities, ETFs, stocks, and forex trading.
- Q: Is the IQ Option platform suitable for beginners?
- A: Yes, the platform is designed to be user-friendly and is suitable for traders of all levels, including beginners.
- Q: Can I practice on IQ Option before investing real money?
- A: Yes, IQ Option offers a free demo account to help you familiarize yourself with the platform and practice trading without risking real money.
- Q: Are there any educational resources available on IQ Option?
- A: Yes, IQ Option provides a variety of educational materials to help traders improve their skills and knowledge.
- Q: How can I get in touch with IQ Option customer support?
- A: IQ Option offers responsive customer support through various channels, including live chat, email, and phone.
GENERAL RISK WARNING
Kindly note that this article does not provide any investment advice. The information presented regarding past events or potential future developments is solely an opinion and cannot be guaranteed as factual, including the provided examples. We caution readers accordingly.
We are sorry that this post was not useful for you!
Let us improve this post!
Tell us how we can improve this post?
9 replies to "IQ Option Review 2023 – Can IQ Option be Trusted?"