IQ Option how it works
2013 is the year of the founding of IQ Option, as well as the heyday of online brokers in many countries. Experts in trading conducted an analysis and they realized that the introduction of new technologies would improve the results in trading. Understanding this, the developers of IQ Option applied all the best to create and develop the platform and now it is one of the best brokers, with good feedback from traders!
The geography of the company covers more than 150 countries.
What is IQ Option?
Let's take a closer look, what is IQ Option and how it works.
Unlike other brokers that use a standard trading platform, IQ Option has its own, customized platform to meet the needs of users. The platform is very easy to use and well designed.
IQ Option has many useful features including multiple chart layouts, technical analysis, historical prices, volatility alerts, market updates, stock checks, economic calendar and more. It is also available in 13 different languages.
Initially, IQ Option was just a broker, but now it offers clients the opportunity to trade CFDs on cryptocurrencies, ETFs, forex, stocks and various contracts.
IQ Option is a universal platform that allows you to:
- Select the required trading instrument.
- Select and set the location of the graphs on the screen.
- Select the type of graph displayed on the monitor screen.
- Use various graphic tools.
- Upload indicators, templates and widgets to the chart.
- Contact the broker's support service at any time of the day.
The company is constantly working on improving the functionality of its trading platform. Not so long ago, a new version of IQ Option software was released. The updates did not bring any revolutionary changes to the trading platform, but at the same time made it more convenient to use.
IQ Option is a trusted broker with great trading options. This broker definitely deserves your attention! The service will help you make your first successful transaction today!
The broker has developed several types of platforms:
- Web platform. You can use it on your computer in any browser. To launch the platform, you need to enter your personal account and click the “Trade” button.
- Software installed on the computer. The latest version of the trading terminal from IQ Option can be downloaded from the official website of the broker.
- Mobile versions of the trading platform for Android and iOS devices.
Since a lot depends on the first impression a potential client has, this broker has put a lot of effort into developing a very good and easy to use website that contains all the useful information for its visitors. The interface is not too rich in visual embellishments, and is in line with the trend towards minimalism that is very popular among many Forex brokers.
When it comes to the informative part of the website, IQ Option also manages to deliver great results. Iqoption.com is as simple and straightforward as it gets. The site has three main sections: "Trade"; "For traders" and "About us". These sections contain all the information necessary for a trader to work with this broker.
In addition, the broker also offers a variety of account types that can suit traders with different levels of experience and knowledge.
IQ Option offers clients the opportunity to trade using their own mobile app. The mobile application works with Android and Apple iOS operating systems.
It can be downloaded from the Apple Store or Google Play.
The application is very easy to use and has a very clear and intuitive GUI. It has the same plotting options as the regular web platform.
With the mobile app you can:
- Make deals.
- Check account status.
- Stay up to date with market events.
- Use chart tools.
- Set up alerts and push notifications.
Registration in IQ Option
IQ Option how it works? The main thing that the broker offers to its clients is to earn. To do this, you need to register and open a trading account. The broker's website allows you to do this quite quickly:
- In the upper right corner of the site, click the "Register" button.
- Fill out the proposed form (name, surname, e-mail, password) and click the "Open an account for free" button.
This concludes the procedure for registering and opening an account. After creating an account, you can log in to your personal account.
As a result, two types of accounts will be opened:
- Training account. The amount in virtual money ($10,000) will be credited to it.
- Real account. This is an account with which you can trade any of the assets offered by the broker.
To continue working with the IQ Option broker, you need to go through a simple verification process in your personal account. Such accounts that have received confirmation from the broker will be considered full-fledged. Their owners can not only trade with various assets, but also easily withdraw funds.
The verification process is simple at the broker and consists of several stages:
- Confirmation of the e-mail specified during registration.
- Phone verification.
- Confirmation of personal data. To confirm personal data, the broker is provided with copies of identity documents.
What does iqoption.com offer traders?
The broker allows you to trade with instruments familiar to any trader, such as:
- Forex currency pairs.
- Company shares.
- Precious metals, oil.
- Currency Indices.
You can trade all these instruments on one trading platform! Take action!
Leverage is a service in IQ Option, which is a loan in the form of funds provided to a trader to complete a transaction. With the maximum leverage ratio, traders' deposits and profit potential are greatly increased!
Making transactions on the platform using leverage is called margin trading. It represents the conclusion of transactions using borrowed funds issued on the security of a certain amount, which is called margin. In other words, in order to use the leverage service, you must have a minimum amount on the deposit, which will be the collateral.
It is important to choose the most appropriate leverage ratio for your needs.
Stop Loss and Take Profit
Getting a profit from a transaction at the right time is associated with determining the optimal moment to stop it. Price fluctuations are an integral part of the life of the market, and what once seemed like a positive trend can turn into an unexpected downturn in an instant.
The common belief is that it is always better to take profits now than to wait and risk losing potential earnings. Remember that letting profits run without closing the trade prematurely is good, because this is how part of the potential profit is formed. But in no case should you get carried away and wait until the last moment, because the chances of keeping and losing this profit are equal.
The use of Take-profit and Stop-loss orders by traders is aimed at protecting against unnecessary possible financial risks. It does this by limiting losses and automatically closing the position, thereby ensuring timely profit from successful trades, which will help protect potential profit from market fluctuations. In other words, these features will help create a "safety net" for traders in case of impulsive, premature and rash decisions when trading online.
In simple words, the principle of operation of Take-profit and Stop-loss is the same, while their definition will be different.
- A stop loss is a type of stop order (order) placed by a trader in order to limit possible losses in a situation where the market went against an open transaction.
- Take profit orders allow you to close a deal with a profit, in cases where the price of an asset reaches a certain set level. The execution of this order ensures that the position on the transaction is closed according to the rules of limit orders. Take-Profit is set only for an open position, stop order or pending order.
To view the position of open orders, select "Total Portfolio" and go to the "Active" tab. There you can also click "Settings" (gear icon) to set up stop loss and take profit for open orders. Click "Close" to close the order if you do not want to continue investing.
Deposit / withdrawal of money
The deposit and withdrawal mechanism of this broker is also very impressive. IQ Option supports both conventional payment systems and alternative e-wallets.
Each of these methods has quite a few advantages. For example, the minimum deposit requirement remains the same for any of the payment methods you choose - it will be $ 10. Also, each of the above methods works without commissions, and instantly executes any transaction.
Depending on the country, the methods of depositing and withdrawing funds may differ. However, the following systems are popular:
- Visa / Mastercard cards.
- Perfect money.
The speed of transaction processing when replenishing an account is from instantaneous to 5 minutes, when withdrawing funds up to 3 days.
Other opportunities at IQ Option:
- Education. IQ Option broker's educational materials are distinguished by their professionalism and deep understanding of the trading markets. The information provided in the articles is comprehensive and easy to understand as it is written in simple, accessible language. Simply put, educational content about the basic trading conditions and features of Forex trading, as well as CFD trading, technical analysis, margin trading and more, is very informative. The broker provides the opportunity to learn trading through video tutorials. All of them are divided into topics, so it will be easy and convenient to learn.
- History of quotes - contains information about various currency pairs in a given period of time. The section is useful in that this information can help you test your own strategies or apply technical analysis.
- Economic calendar - helps to understand where the market is moving and create your own long-term trading strategy.
- IQ Option tournaments - the opportunity to participate in tournaments with different conditions. The threshold for participation in this case is only two dollars, and the prize fund can reach 50 thousand dollars.
- A section where traders can keep track of all the news and important events that take place in the Forex market. In the "News Feed" segment, IQ Option offers regularly updated news about the main events in the Forex market, as well as the stock market, commodities and other financial markets.
Traders' opinions about IQ Option
So, you have learned what is IQ Option and how it works. After analyzing a large number of reviews about IQ Option, we can conclude that the vast majority of traders' opinions about the broker are positive. Clients note the reliability of the company, convenient website, quick withdrawal of funds from the account and favorable trading conditions.
Is IQ Option an honest broker?
Today the company is one of the most advanced brokers and has received many awards. Like absolutely all companies, minor difficulties may occasionally arise for clients, however, the broker quickly solves them and does not deceive its users. The question of whether IQ Option is honest and reliable can be answered unequivocally - yes!
Experts recommend this broker to all traders. Here you can open an account without the risk of losing your own funds. If years of experience in the trading market has taught this broker anything, it is that clients really appreciate a simple and easy to use website that brings them information quickly and easily.
Join the huge number of users who have chosen this platform! We are sure that it will please you and will definitely help you make a profit!