The trading business has seen significant changes in recent years, particularly when it comes to cryptocurrencies. Personally, I believe that since the online trading sector has boomed, more people have opted to learn how to trade and invest online.
As a newcomer to the business, I’m sure there is a slew of things I need to be aware of when it comes to using an online trading platform.
In this article, I’ll explain how to use IQ Option, a popular virtual trading system. I’ll demonstrate how it works and how to utilize it. Continue reading for more information.
- About IQ Option
- Features of IQ Option
- How to Sign Up for IQ Option
- The IQ Option Demo Account
- How to Trade on IQ Option
- How to Make a Deposit on IQ Option
- How to Deposit
About IQ Option
I did some research on IQ Option as a customer. IQ Option is a trading platform that allows us to trade with a set of investment tools and resources, including Stocks, Binary Options, Cryptocurrencies, and Forex, based on available resources.
Let’s take a look at IQ Option’s history. IQ Option Ltd, formed in 2013, is the organization’s operator. The company boasts 20 million clients from all over the world, making it one of the leading online trading platforms.
IQ Option is likewise located in Cyprus and controlled by the Cyprus Securities and Exchange Commission in the European Union.
The company is fully cooperative with the commission’s regulations and fully permitted to market its products to investors in a variety of states.
Low Minimum Balance Requirement
It’s simple to sign up for the program, all we need to do is fill out the form and submit identification information.
What’s great about IQ Option is that it only requires a $10 minimum balance, which is much less than any other financial derivatives trader.
Features of IQ Option
I noticed a few new elements while navigating the IQ Option user interface that I believe every newcomer to the online trading platform should be aware of.
When you visit the site, you’ll see an option to “Open New Instrument,” which allows me to select a new trading instrument with which to trade. The plus sign opens a list of the various assets.
Then there’s “Selected Instruments,” which adds the chosen investment tool to the top of the IQ Option trading dashboard automatically.
The site’s chart type, on the other hand, is utilized to choose the chart style to use while trading.
Choose Your Analysis Indicators
The website also has indications that enable me to choose whatever marker I wish to utilize for fundamental analysis as a visitor.
IQ Option provides a wide range of indicators, including oscillators and exponential moving.
How to Sign Up for IQ Option
The easiest option to start in IQ Option is to register with Facebook, Google, or just by entering my email address. I may continue after entering my information and establishing a password. After that, I can utilize a demo account or add funds to my real account to begin live investing.
A pop-up will appear to inform me that both my practice and actual accounts have been created. The fact that IQ Option has created its own proprietary platform makes surfing the site a pleasurable experience.
The platform is well-designed and straightforward method, and all of the many tools and functions are simple to access. In addition, the free demo account allows me to trade with all of the asset value.
As a consequence, there are many different transactions to choose from, and I may easily move between favorite assets. The platform also includes a number of charting tools like trend lines to assist traders like me to improve our trading skills.
Learn More About Binary Options Tournaments
Binary Options tournaments are a concept exclusive to IQ Option. It is the most complex tournament available, distinguishing it from those given by other financial derivatives dealers.
To enter a competition as a customer, all I have to do is pay an entrance fee, which ranges from $5 to $20. I will be given virtual money to utilize in the competition as soon as I register.
Individual competitions vary in length, ranging from a day to a month. As a participant, my objective is to make as much money as possible. The competition is won by the trader who makes the greatest money.
The IQ Option Demo Account
As previously stated, IQ Option provides a demo account. This account stands out due to the fact that the demo account has no time restriction.
As a result, I’m able to get absolutely satisfied with my trades. It also gives me the opportunity to try out different trading techniques f the future. $10,000 in simulated funds is included with the IQ Option demo account.
I can get the amount restored if I use all of those virtual dollars, allowing me to continue honing my trading methods.
Another notable feature is that a demo account does not require any private information in order to use it, which helps potential clients maintain their privacy.
IQ Option Real Account and VIP Account
There are presently two trading account types available: real account and VIP account. There are no limits on trading capabilities in the real account, which may be reached with a $10 minimum deposit.
This profile gives customers control over 70 items and allows them to request withdrawals within 24 hours. Real account members may also participate in the site’s different trading tournaments.
The VIP account is open to investors who invest $1,900 or the equivalent in another currencies, or who have a stock price of $15,000. It also comes with a personal manager to help traders with their questions and concerns and a monthly report on user trading activities..
How to Trade on IQ Option
IQ Option, being one of the most efficient and modern trading platforms, has effectively turned binary options currency trading into a game. Every winning deal is highlighted by the broker, who notifies users directly via its page. Sound warnings and graphs are included in such announcements.
To begin trading, I must deposit a minimum of $10 and make an expense ratio of $1, easily one of the lowest rates available. I can invest up to $5,000.
The broker caters to worldwide clients and supports a variety of languages, including English, Russian, German, and Chinese. Customer service is great, and is available by email, live chat, and tickets.
It’s also vital to understand the site’s “profit after-sale” function. It lets me to get out of a deal before it expires and to grab profits if I believe the trade will lose money if I wait until expiration. Simply click the Sell button to take advantage of this profit.
Trading Safety with IQ Option
IQ Option maintains the security of my funds and personal information at all times.
The fact that the platform is regulated by the Cyprus Securities and Exchange Commission adds to this. The site offers a sample trading option if I want to test out the service first. The site’s demo account can be accessible in seconds.
All I need is a Facebook account to log in and I can start trading right away. Because the demo account is intended to instruct me about options trading, earnings are capped to 50% to 60%, which may be too low for people who are accustomed to big profits.
How to Make a Deposit on IQ Option
A fixed amount of 10 USD/GBP/EUR is required. As a trader, I have the option of choosing my favorite method of transaction, and IQ Option does not impose any fees for doing so.
To deposit my initial payment, I’ll have to complete the secure authentication procedure, which in the EU entails providing my phone number, private details, trade balances, and picture identity.
Deposits and withdrawals to and from trading at IQ Option may be made in a variety of ways. I have the option of using debit or credit cards such as Visa and Master Card. I also have access to a variety of payment providers.
There is also the option of processing payments through wire transfer, with a standard minimum transaction value of $2 and a one business day anticipated payout time. IQ Option does not accept PayPal deposits at the time of writing.
The technique utilized to withdraw cash from my IQ Option profile will differ depending on the deposit means. I must withdraw the first deposit amount to the card when making deposits using a credit or debit card.
I can only take up to this quantity to my bank card, including claims submitted within the last 90 days, because this transaction is handled as a refund. Any earnings exceeding this amount must be withdrawn using a money order or my preferred e-wallet.
Skrill, WebMoney, and Neteller are among the e-wallet choices for disbursements, as are Skrill, WebMoney, and Neteller for deposits. I may also withdraw those gains with a bank transfer. It’s worth noting that using a bank transfer will cost $31.
Despite being a relatively young participant in the binary options industry, IQ Option is recognized for constantly attempting to develop by seeking out new futures trading technology.
Regardless of the numerous advantages that IQ Options may provide, bear in mind that although trading is intended to make income, it is also possible to lose funds.