IQ Option has become a well-known and one of the biggest trading brokers. It offers CFDs, as well as numerous options, unlike many of its competitors. The platform also enables various cryptocurrencies, including Bitcoin and Ethereum, to be traded.
In this article, we’ll look at which products IQ Option offers, as well as the security and regulation in place at IQ Option.
Before traders investigate the product range a broker offers, it is a good idea to first check out the deposit security. If an investors is planning on transferring several thousands dollars or euros as trading capital, they had better be sure their deposit will be safe. IQ Option offers the following security.
When evaluating the security and viability of IQ Option, a big positive factor is that they have been successfully operating in the trading market for quite a few years. A search of well-known consumer review sites as well as news sites don’t reveal any negative ratings for IQ Option.
Summary: IQ Option is definitely classified as a serious business. The broker has been doing business for a long time. The security of deposits is guaranteed.
IQ Option is a broker for financial derivatives and has an advantage in that it has both options and CFDs in its portfolio. Traders are therefore able to trade a variety of assets with various instruments. Let’s take a look at the CFD product range:
IQ Option uses leverage with CFD trading. This is a common practice in the industry and allows investors to make extremely high transfers of losses and profits on underlying assets to their personal trading accounts. For Forex trading, the maximum leverage factor is 1:1000, while the maximum for stocks is a lot lower at 1:20.
Summary: IQ Option is a good option as a general CFD broker due to the few hundred assets in their large product offering. All major asset classes are can be traded, including indices, shares, currencies and commodities. Maximum leverage factors range from 1:1000 for Forex trading, to 1:20 for all other positions.
Apart from CFDs, traders using IQ Option can also trade options. This alternative financial derivative has the possibility of generating high profits, particularly in the shorter term. According to IQ Option, the odds are better than with other brokers due to the thousands of options on offer.
Option trading is done by using the traditional put and call options, e.g.:
Trading options is totally transparent. Returns for this type of trading on IQ Option are typically from 75 to 80%. In the scenario described above, the trader would have made a profit of between 75 and 80 euros within an hour.
Summary: The range of binary options available on IQ Option is slightly bigger than that of trading CFDs. Traders can use call and put options with a fixed period on a range of assets. Relatively high profits can be made within a short period.
IQ Option also allows trading of cryptocurrencies. These are very popular with investors, mainly due to the publicity that Bitcoin has been generating since 2016 and has not diminished. With cryptocurrencies, traders have been able to create massive returns within a very short time, especially with CFD trading. The digital currency is however very volatile, resulting in regular strong consolidations.
IQ Option has a larger cryptocurrency product range available than what most of its competitors do. As many as 12 cryptocurrencies are available, including Bitcoin Cash, Bitcoin, Ethereum, Ripple and Litecoin.
The cryptocurrencies are traded by CFDs with a maximum leverage of 1:100. The risk of trading crypto would otherwise be too high due to the volatile developments. It is however possible to generate massive returns.
Summary: Crypto currencies can be traded at IQ Option with 12 different digital currencies available, including Bitcoin Cash, Bitcoin, Ethereum, Ripple and Litecoin. Trading is done by CFDs, with a maximum leverage of 1:100 to limit the potential the risk for traders.
When we evaluated IQ Option, we did not only examine its product offering, but also evaluated the platform itself. The software solution was self-developed and its ease of use makes it a winner. Important functions have all been built into the user interface in a way that is so user-friendly that even beginners will be able to use is virtually from the word go. Even when used in extremely busy market places, traders are able to keep track effortlessly and trade efficiently.
Even with the ease of use, the platform incorporates fully fledged functionality:
Summary: IQ Option performs extremely well as a trading platform. Traders can access an extensive range of tools to perform extensive analyses on chart. With its easy to use interface and from a technical viewpoint, this software solution is without a shadow of a doubt a winner.
For new traders that are not yet sure of IQ Option, a demo account can be opened on the platform. The free trial includes each and every feature and asset that are used in the live environment. This allows potential investors the opportunity to evaluate the system fully without taking a risk. Beginners are advised to use the demo account and are able to open their first positions by using virtual capital, thereby not having to risk their own money.
Summary: For users that are interested in opening an account with IQ Option, the free demo version can be used initially. With this account, traders only use virtual capital, but are able to experiment with all features and assets contained in the real version.
Testing the IQ Option platform has shown us that to open an account with this quality broker definitely has merits as IQ Option is one of only a few brokers around that offers both CFDs and binary options. The range of crypto currencies available as assets for trading is also bigger than what is normally found at its competitors with 12 different cryptos to choose from. The custom developed software is extremely effective, easy to use and has loads of functionality. It is easy to test this broker’s service first without risking any of your own money, simply by using IQ Option’s demo account.