IQ Option Review. How to trade online
It is one of the simplest brokers for starters. The main values of the company are connected with Western business ideology, conditions are suitable for experienced traders and for novice traders. 24 hours technical support is available to the clients.
What is IQ option
Some users ask what the IQ option is. It is a licensed company for trading online, well-known in most countries of the world.
The year of foundation
Stocks, options, indices, goods, forex, cryptocurrencies
Web platform, online application
The list of the company's services is taken from the official website:
- A training program for beginners.
- A convenient trading platform.
- More than 500 assets for trading, binary options, digital options.
Is Iq Option Legit
Not all the users are sure if the iq option is legit. The trading platform is regulated by the company from the Seychelles, the license number is 247/14, the license was issued in Cyprus. Thus, the company’s activities are legit.
Licensing and regulations
In 2014 the company obtained a license in order to protect its clients. If something goes wrong, the trader can complain to the regulator and initiate an arbitration process. If the company goes bankrupt, the trader will get a maximum 20,000 euros from his lost investments.
Is Iq Option safe
The question of whether the iq option is safe is quite frequent. IQ Option is a secure platform. It is used by 30 million traders all over the world, and great attention is paid to its safety.
The company has a license with the number 247/14. So, it corresponds to the safety requirements and standards. It is registered in the British FCA Agency and French Regafi Agency.
Iq Option Registration process
First, download the app to your pc. Then, create a personal account with a password and a login. Then you should make a deposit for trading.
Go to the Sign Up Page
You should visit the official page of the broker, then sign in, find the “Register” button and enter your personal information, including email address for confirmation.
Verify your Email Address
If you don’t see the confirmation letter to your email, then check the SPAM folder, the letter may be there.. If the email is not received, you should send the email verification request again. Probably, there were failures on the server.
Verify Your Phone Number
When entering a phone number, you must specify the country and city code. You also need to make sure that the phone to which the specified number is registered is turned on, because a message with a verification code will be sent to it. You need to enter this code in the appropriate field, and the phone number will be automatically verified.
Complete Your Account Profile
The profile specifies the data and iq option login that the user entered during registration. Additionally, you can specify your wishes regarding trading. For example, a user can indicate that he wants to trade only raw materials or only stocks, and also choose the status of a beginner or a professional.
The cost of real contracts of iq option vs olymp trade starts from $1. The clients can use binary contracts and turbo contracts. In binary contracts, expiration time can be changed in increments of five minutes, and in turbo contracts it can be changed in increments of fifteen minutes.
Iq Option App for Mobile Trading
The mobile application iq option app is at the top of the Google Play Market for the query "binary options", and even if you look for competitive brokers, IQ Option will still flash on your screens sooner or later. After a quick installation of the application, you can either log in under your account, or create a new one, while you do not need any authorization or registration to trade on a demo account, which is very convenient.
The design of the trading platform for mobile devices is very pleasant and convenient to use. Everything is clear, while the versatility of the application pleases. You can change the display of the chart (4 types), as well as add indicators to the chart (4 pieces), or add auxiliary lines for technical analysis of trading. That is, IQ Option managed to make an identical trading platform for mobile devices, on which trading is practically no different from trading on a computer.
How to Trade with the App
Users often ask how to trade in the iq option. If you want to trade with real money, then the minimum deposit in IQ Option is only $10, and the minimum bet size is $1. In addition, you can insure part of the amount (from 1 to 30%) in case of a failed transaction, which is very convenient for reinsurance for beginners, so as not to lose the entire bet amount if you lose. There are 23 currency pairs available in the demo account, and to access all other assets (there are more than 90 of them), you need to open a full-fledged account. The trading platform is very responsive and does not slow down even when opening several transactions in a row. All open transactions can be observed in a separate window, while the total income is updated in real time, depending on the movement of the asset.
What can you trade on IqOption
At the time of writing, the list of assets of Aikyu option is as follows:
- 172 shares;
- 88 currency pairs on the Forex market;
- 54 options;
- 6 types of goods (oil and precious metals);
- 11 stock indexes;
- 21 ETF funds;
- 24 cryptocurrencies.
Trading on low-liquid assets may be temporarily suspended.
Currencies such as euros, US dollars, British pounds, Swiss francs, Canadian and New Zealand dollars, and the Russian ruble are traded on the IQ Option market.
The following types of raw materials are available:
- Gold, silver, platinum, palladium, aluminum, tin, zinc, copper.
- Brent oil, WTI oil, Urals oil, natural gas.
- Grain, soybeans, corn, cotton, sugar, coffee (arabica, robusta).
The most popular indexes are:
- The Dow Jones Index (Dow Jones). This stock index includes shares of 30 largest companies. By the way, this stock index is one of the first that was calculated and applied for trading.
- Next in popularity is the S&P 500 index (Standard&Poor's). As the name suggests, 500 is the number of companies included in this stock index. This option is the most suitable for trading for novice traders. The reason is the rather high liquidity and volatility of the instrument. In addition, the S&P 500 does not react so sharply to price spikes of individual companies due to the large number of shares used in the calculation of the index.
- NASDAQ 100 index-it includes the 100 largest companies whose shares are traded on the exchange of the same name.
Binary options trading is a very uncertain way to make money with a high risk of losses, however, like all options for working in the financial markets. Price movements on the platforms are unpredictable, they depend on many factors: the mass mood of traders, the policies of major players. Therefore, measure your financial capabilities and chances of earning.
OTC assets, which include CFDs, are issued for any type of underlying asset, if the pricing and settlement conditions are clear to both parties (the seller and the buyer).
As a rule, CFDs on shares of well-known brands are in demand. Quotes and codes of instruments (tickers) coincide in the trading terminals of Forex brokers and the exchanges on which these securities placed during the IPO are traded.
All types of cryptocurrencies are available.
Experts recommend following certain trading strategies on the cryptocurrency exchange.
- The "pips" strategy. It is important to have time to close the transaction after reaching the set profit size of several pips (points). In a short time, a trader enters into a significant number of transactions, which are then instantly closed.
- The "arbitration" strategy. A trader buys cryptocurrency on one exchange and resells it on another, earning on the difference in exchange rates.
- The "statistical arbitrage" strategy. The meaning of this strategy is somewhat similar to "arbitration", but the scheme of work is more complicated and requires professional skills, as well as the ability to make a deposit of thousands of dollars. On the other hand, it is “static arbitrage " that brings a tangible profit from the price difference.
The fees associated with trading ETFs are lower and usually offset by a decrease in the price of the ETF. In addition, you only pay the broker for opening and closing a position, and these commissions are the same as the costs associated with trading stocks.
Another advantage is the ease of choosing a suitable ETF. Compared to stock analysis, ETF analysis is much simpler. When investing in stocks, a large number of variables must be taken into account.
How to use Iq Option
You can use the trading platform on your pc or via your smartphone, because the mobile app is available. The interface for all clients is unified. If you start trading on your pc, later you can continue trading on your smartphone without any problems.
Some contracts of OTC type can be available even on Sunday and on Saturday. Other contracts are available from Monday to Friday, in the work hours of real exchange.
The broker's platform generates several target quotes. When the short-range is reached, the yield is standard. But the further the price goes in the right direction, the higher the profit is.
Spreads & Commission
The broker such commissions, as:
- Various kinds of spreads;
- Commission of 2.9%;
- Fee for an inactive account.
Chart Types and Indications for analysis
You can use the broker’s terminal in a browser, like a separate program or a mobile app. Anyway, you 'll be given all necessary tools for analytical work, including the most common types of charts.
How to Deposit Money in Iq Option
To replenish the account, you can use plastic or virtual cards, the system of electronic money and wallets for cryptocurrencies. Also, bank transfer is available.
Supported banking methods
You can choose any banking method. But remember that different banks have different conditions and maybe different fees for money transfer.
Minimal deposit is ten American dollars. You don’t have to pay any fees for your deposit. Nevertheless, if your preferable way of payment is a bank transfer, you may pay commission to the bank.
Fees and limits
The minimum sum of the money to be withdrawn is 2 dollars. For withdrawal of money, you should provide your ID card, your passport, and some bank statements for the identity confirmation. Within a day, all applications will be processed. But a bank transfer can take more time.
Demo account Vs. Real money trading
For an unlimited period, you can get a demo account. It is used for practicing your trading skills and for training. There is also a deposit on your demo account, and the trader can replenish it while training.
Iq Option trading step by step
To start trading, you must have a minimum deposit of 10 dollars. Then, more than 70 assets become available to you. Moreover, you are welcome to take part in trading competitions and tournaments.
Choose the market you want to trade
You can trade such securities as CFD, crypto currencies, and electronic transfers. Moreover, it is possible to speculate on the assets’ price. Choose any, and then start trading. It’s really simple.
Make a forecast and analysis of the chart
Features of the trading terminal:
- four types of charts: line, candles, bars and heiken-ashi;
- graphical tools for analysis: segments, rays, horizontal and vertical lines, Fibonacci levels;
- the opportunity to sell an option ahead of time with a smaller profit or loss;
- displaying up to nine graphs on the screen;
- widgets that make it easier to make decisions about opening deals: the mood of other traders, news and trading volumes.
Choose the amount you want to invest
The starting capital depends on the following factors:
- Opportunities of the trader. With a salary of $500 (in the absence of other financial income), it is hardly worth risking $5000 at the start;
- Broker's Requirements;
- Expected income. The principle is simple – 10% of income from $100 and from $1000 will vary greatly in amount.
Set the Stop-loss and Take-profit
For long and short positions, stop losses are set in opposite directions relative to the entry point. The take profit is set in a mirror relative to the stop loss. If you have opened a purchase transaction, then the take profit should be set above the market entry point. If you have a sale transaction open, then the take profit should be placed below the entry point.
There are 20+ technical analysis indicators available in the trading terminal: trend indicators, oscillators, volatility and volume indicators. Tool settings can be saved to templates, which save time on preparing a schedule in the future. The history of quotations is available to each client. It helps to track the accuracy of open transactions, test strategies and make sure that the company does not draw prices. By default, the history is available for the last week. The archive for a longer period is provided after contacting support.
Helpful trading tools
There are many charting tools for the development of trading strategies. For example, you can freely use lines and candlesticks to get maximum profit.
Support for cryptocurrency
The platform has a set of special functions for cryptocurrency support. More than 100 developers all over the world are controlling and improving cryptocurrency support, in order to achieve maximum safety.
Along with the usual Stop Loss, there is also a more cunning tool for automatically exiting the market with minimal losses – Trailing Stop.
The essence of the trailing operation is to automatically move the Stop Loss up after the price by a fixed number of points each time, if the market has gone in your direction and the profit is growing. No one knows what will happen next, at any moment all the profit can melt, and it is also unwise to close a deal when the profit continues to grow.
Pending trade tool
It is quite a rare tool. It can be used in order to prevent you from losses or establish a desired profit level. The pending trade tool is somehow similar to MetaTrader 4, but there are also some differences.
How to withdraw money from Iq option
If you have struggled with forex brokers before, you will find relief with IQ Option Trading.The procedure of money withdrawal is really simple. A wide range of withdrawal tools is supported.
The range of supported methods is wide. You can choose any of them by changing the settings in your personal account after the registration. This option is available to everybody.
Withdrawal step by step
In order to withdraw funds, you must enter your profile, find and select money withdrawal, and then choose the withdrawal method you prefer. After that, just follow the instructions, and you will get your money.
Fees and limits
The withdrawal fee depends on the payment system operator. The time to withdraw funds may also vary. In general, users claim that the restrictions are very insignificant.
About IQ Option Bonus offers for Indian traders
The Minimum sum for trading is 10 US dollars. If you want to withdraw money, the application will be processed in 3 days. You can withdraw from 10 dollars to one million dollars. You can also get a bonus for the deposit.
If you replenish your account for three thousand dollars, a VIP status with a welcome bonus will be granted to you, including personal management and regular trading signals distribution. Also, all the contracts will be available to you.
First deposit bonus
The first deposit bonus cannot be withdrawn from IQ Option binary options. It can only be used for further trading. If you do not use it for a long time, it is automatically cancelled.
Bonus terms and conditions
To receive bonuses constantly, you need to purchase the VIP status. There is increased profitability for VIP clients, such traders have the opportunity to earn more from each transaction they make.
The service of customer support is safe and reliable. You can contact the consultants via e-mail, social network or the phone. If you call the technical support, you’ll have to wait for 10 minutes on average. In some countries there isn’t any fee for phone calls.
Iq option reviews from the traders
The traders say that this broker is safe and reliable, with a high level of services. The interface is simple and easy to understand, also there are many options that will help you to improve the trading process.
Pros and cons of the broker
It is very simple to use the broker’s services, the design and registration are unified. Also, you can use a demo account. However, the choice of expiration dates is limited, and you can’t use some tools round-the-clock.
Iq option trading platform alternatives
This trading platform is very efficient and quite popular. The main benefit is that the trader’s wishes are always taken into consideration.
Iq option review final thoughts
To sum up, the platform is good, but some traders don’t like limitations in the choice of expiration dates. Nevertheless, this broker will help you gain a good experience of trading.