IQ Option – CFD, Forex and Bitcoin

IQ Option is one of the largest and fastest growing binary options, forex (FX) brokers out there – find out why here. We take a look at the v4.0 platform, its layout and how you can get the most out of your trading account:

• How to use the platform
• Benefits of mobile apps
• Payment Information
• Robot Features
• Additional features to use

IQ Option Group has two legal entities: IQ Option Europe Ltd with headquarters in Saint Vincent and the Grenadines, providing services to EU clients. Binary options are prohibited in the EEA. Headquartered in Saint Vincent and the Grenadines, the company provides services to non-EU and unregulated clients.

Although relatively new to the field, having formed in 2013, IQ Option has grown rapidly. This growth is partly due to the low minimum deposit offering – making trading accessible to a large number of traders and ensuring they offer a smooth, enjoyable trading platform. In their parlance , the ultimate trading experience is . Strong affiliate partnerships drive growth at a record pace.

CFD, Forex and Bitcoin

Since its inception, the company has expanded beyond pure binaries. Now they offer traditional forex trading, and also cfds. They lead the way in crypto, providing direct transactional access to Bitcoin, Ethereum, and others.

In addition to these new trading options, they also add risk management features. Tools like stop loss and take profit have been added to ensure forex and cfd traders have all the advanced features they expect with leveraged products.

IQ Option is not a scam. The brand continues to grow and innovate and traders will be offered a demo account (practice account) immediately after registration with no deposit required.

Here are some key details about IQ Option

Exchanges

Update platform review v4.0

IQ Option recently launched the much-anticipated v4.0 platform for all traders. It is a visually stunning platform and sets the gold standard for binary options brokers.

The old strengths remain – it’s a fully configurable platform. Traders can arrange the trading windows as they like – focus on just one or manage the entire range – whatever suits the trader best. Our screenshot shows a ‘main’ window, with three other properties below. All can be traded concurrently.

The price chart occupies the main part of the exchange. But to the left of the trading area are navigation buttons for moving to different areas of the site (they can be collapsed when not needed) – and next to that some analytical features Strong technique.

New technical analysis tools have been made available and they are available from a small menu in the lower left corner of the price chart.

• Lot Type
  • This option allows traders to modify the chart to the format they prefer to work in. Options include traditional candlestick, line and bar charts – in addition to the default area chart. Each can be customized in color and appearance.
• Duration of time
  • This is an area of extra flexibility. It is surprising how many brokers overlook the fact that traders may want to expand or collapse the timeframe of the price chart they are looking at. IQ has added a great layer of flexibility for traders to drill down into price charts and map any exact trends.
• Graphic Tools
  • A natural progression from allowing charts to be expanded, is to allow traders to draw their own interpretations of the charts. Graphical tools allow traders to add trends, or support and resistance lines – tools that can be used however a trader wishes. This is important for traders who want to get their timing right – but again, not always offered on other trading platforms.
• Indicators (Technical Analysis)
  • Binary Options is suitable for technical analysis and IQ has provided 9 technical analysis techniques that can be overlaid on price charts. Traders can watch the price indicator run below the price as they move or overlay the Bollinger bands. Again, each instrument is configurable, so the moving average can be modified to suit the trader. Have you ever wanted to modify the ‘smoothing’ scale on the Stochastic oscillator? with IQ option you can! Seriously, these tools are as powerful as any premium CFD or Forex broker and IQ really has raised the bar in binary options.

More configuration

IQ has added more configurations to the platform, so traders can set up their own color scheme and hide or show menus depending on their preferences. This also extends to trading windows, where IQ has provided a range of preset layouts to make trading multiple assets much easier.

The Expires and Quantity fields have also been redesigned, with buttons of + for entering numbers in.

IQ Option also tries and adds new features to give traders more flexibility. The position deposit facility means that traders can add funds to a trade to keep it open if it approaches a stop loss. This offers new options in terms of risk management or trading strategies.

Chart

There are tools to modify the time frame of the chart, as well as the plot type (e.g. bar or candlestick chart etc). The technical analysis features are a great addition – traders can add MACD bands, bollinger bands or any of the 8 other analysis tools available. They are added instantly to the chart and traders can fine-tune their trades as they need. Draw buttons allow traders to add graphics freely to the chart – so that they can add trend lines or resistance and support levels.

Just above the new analysis options is the traders sentiment bar. As always, this shows how other traders are trading the particular asset. Above are the options to minimize or close the current asset trading window.

Charts give experienced traders the opportunity to perfect the best strategy.

Select a property

To select an asset, a trader can select the drop-down arrow at the top of the platform. This will open a new window where the trader can select the option type to use and then select the asset category (for example forex or indices) and then the specific asset, from eur /usd to Facebook shares. Once selected, the price chart will update for the selected market.

There is also a ‘tab’ on top of the trading area where traders can quickly navigate to the assets or markets they have traded in before. Open positions will also appear as a new tab here – making switching very easy.

The price chart presents all relevant trading information. The chart itself illustrates recent price movements, but overlaid on the chart will be vertical lines showing buy expiration (time by which a trade must be confirmed) and expiration times.

Shelf life and commercial size

There is a ‘Time’ drop-down menu on the right side of the graph, and this can be used to modify the expiration time – if changed, buy the expiry and the expiry time will move on the graph market price, giving a visual indicator of timings. The – / + buttons will move the time to the next applicable time slot.

Also listed on the right hand side are other important metrics for trading. Trade amount just below the expiry date – minimum trade value is just $1. The payout for that particular asset will then be displayed. This confirms the percentage returned in case of a successful transaction.

Next comes the Profit indicator, which shows exactly what figure will be returned if the trade is placed – and includes the initial investment amount. Finally on the bottom right are the trading buttons. They are clearly marked, not only with relevant wording, but also with arrows to indicate the direction of the transaction – and just not enough, when each button is hovered over, an arrow appears on the icon. price chart, to show how price will need to move for the trade to end in profit.

When the forex of cfd trades is open, the layout will be different. Additional information such as leverage and stop loss will appear where relevant. Traders can also choose a ‘take profit’ level to close their trades at the desired price.

One Click Trading

The trading buttons at IQ Option are ‘ one click ‘ which maximizes the chances for traders to get the price they want. There is no confirmation window or approval delay. Once placed, the trade will be available in the ‘Open Positions’ window and a line will also appear on the price chart at the strike price. When the time is up, a window will appear confirming if the trade was successful and confirming the profit/loss.

It’s a smooth, intuitively enjoyable trading environment, with just enough configuration to satisfy almost any trader. Despite the emphasis on looks, the addition of great charting and technical analysis tools raised the bar for the brand – and took what was already a great foundation, and made it the benchmark of the brand. branch. Other brokers may offer more trading choices – but none will offer a better trading platform.

Classic option

IQ Option has released a new form of trading, which they have called Classic Option. They retain some of the fixed risks associated with binary, but also allow profits to be leveraged. So they are similar to a traditional investment, but with a built in stop loss.

Classic options have no short-term expiry date and can be closed at any time. This makes it much closer to traditional online investing. Currently, IQ only offers classic options on US stock assets. They are certainly a popular feature and therefore expanded over time.

Traders can choose a strike price. Each level will change the profit and risk of that trade. A user then chooses the number of contracts on the network that they want. The cost will be relative to the strike price and is clearly displayed on the Call and Put buttons.

Open trades are visible from the transaction history tab and can be closed at any time. Current profit and loss per trade shows the up-to-date status of the option. Overall, classic options seem to be a great option for traders who prefer to use fundamentals rather than technical analysis. As noted above, they ‘feel’ more like a CFD, but with a stop loss built in for risk management.

Select Trader

Companies have continued to add to their list of assets. In addition, they have also expanded the selection of expiry times – especially from the binary options list. End of day, weekend and end of month are also available. This is a huge step up for a broker that offers purely short-term trades before that.

Cryptocurrency

IQ has been at the forefront of providing cryptocurrency trading for traders. They offer trading on a variety of cryptocurrencies, including larger, most-traded assets like Bitcoin and Ethereum. These assets are available to trade as CFDs or using traditional Forex models.

Non-EU traders can also trade cryptocurrencies in another way – using the Crypto Multiplier. This is the same effect as using leverage, thus accelerating profits or losses quickly. For example, there is a Bitcoin x 100 market, where the underlying price is multiplied by 100 – increased volatility and potential for profit or loss. This market has proven so popular that IQ Option has added similar products on other top cryptocurrencies, with a wide range of multipliers, from x20, to x50 up to x100.

IQ Option Mobile App

New iOS version

Apple recently announced changes to the binary market in the Apple store. IQ Option has responded and developed a new app for iOS that meets the new rules. Compatible with iOS 9.0 and above, the app is built on the IQ offer.

Forex and CFD trading is available and the company will add crypto asset trading as soon as it goes live on the full website. The speed with which IQ can respond to Apple’s changes is impressive. They are at the forefront of mobile trading development. This new offer will be unique to the Apple store until other brands catch up with the new rules.

Android Apps

The mobile app maintains the simplicity of the site’s trading area and retains a split second chart that makes binary trading possible. The layout is extremely clear and can be tailored to suit each trader’s needs.

In addition to trading facilities, there are features for maintaining account details, including the ability to request withdrawals from the mobile application. The team developed the in-house mobile service and the attention to detail is evident.

While some of the trading apps appear to have been bought ‘off the price’ to tick the box, this broker has clearly put the time and effort into getting their mobile app to work. Recent updates have also taken into account feedback from traders using the mobile app and appear to be another step forward.

Payout

Payouts at this broker are a definite strength. The most traded assets have payout percentages up to 100% (in case of correct prediction). (The amount will be credited to the account in case of successful investment). As usual, payouts will vary based on expiration time and selected asset.

Forex and CFD payouts will vary based on the performance of the underlying asset. IQ offers a variety of risk management tools including stop loss and user leverage amount.

Deposit and Withdrawal Options

Deposits can be made via credit cards (all major cards accepted) as well as bank transfers and online trading services such as Skrill and Neteller. The minimum deposit is just £10 – The initial deposit dictates the type of account a trader moves into. Deposits via Paypal are not available and will result in an error.

A $2000 deposit moves a trader into the VIP account type – this offers a host of improved benefits, including improved returns on certain markets, access to an account manager VIP account and training materials.

Withdrawals are sometimes subject to several verification processes at IQ Option, including proof of identity. To avoid any dispute, it is better to clarify these requirements before withdrawal is required. All verifications can then be put in place before funds are claimed. Failure to verify is the biggest cause of delays.

Withdrawals are available through the same payment methods as deposits – namely credit and debit cards and wire transfers. All withdrawals are free. They are also processed the same day.

Other features at IQ Option

Brands offer their customers a host of other features and benefits:

• Technical analysis symbols – In the trading area, there are several technical analysis tools built into the user options. These include trendline and moving average tools and bollinger band indicators.
• Scope of educational material – They provide a set of educational training videos as well as 1-1 support
• Tournaments – Prove yourself among the best traders and get additional financial rewards for performing in tournaments. The company runs a series of regular tournaments that traders can buy to increase their profits.
• Bitcoin – IQ Option offers traders the opportunity to invest directly in bitcoin and other cryptocurrencies through their latest range of cfd type options.

Frequently Asked Questions:

Does the platform require a software download?

The company offers trading both online and also downloadable software (mac or PC). So traders have choices. The downloaded software offers a slight speed benefit, but the online trading platform also works very well. There is also a mobile app for mobile trading – download required.

Do they have good liquidity?

IQ Option has grown rapidly over the past two years. They now boast over 11 million accounts and offer 3 million transactions per day. That provides them with a large amount of risk management and traders are assured that the trading platform offers a large volume and liquidity.

How do they make money?

The company makes money by balancing psychologytraders (buyers and sellers) and accepts the counterparty’s risk on each transaction. When there is a significant imbalance in trades, IQ Option reduces their exposure by offsetting the risk with a market maker. We explore how brokers make money more in depth on the brokerage site.

Contact details

IQ Option offers a wide range of contact methods:

• Email – [email protected]
• Group Details: Hinds Building, Kingstown, St. Vincent and the Grenadines

Phone support is available in 18 different countries including India, Thailand, Brazil, Germany. Users need to unblock, delete or close the account, need to go through the helpdesk. There is also a live chat option via the website.

* The amount will be credited to the account in case of successful investment