On one single trading platform of IQ Option, you can choose forex CFDs, stock CFDs, commodity CFDs, cryptocurrency CFDs, digital options, and binary options. Founded in 2013 as an options broker, IQ Option has grown massively with more than 40 million members at present.
Features of IQ Option Platform
- Analysis and Alerts: With the news feed and economic calendars on the platform, traders can get the most out of the technical and fundamental analysis. The platform has more than a hundred most-used technical indicators and widgets like the Moving Averages, Billinger Bands, Alligator, RSI, MACD, Parabolic SAR, Stochastic Oscillator, Awesome Oscillator and more. Traders can always stay up-to-date to the financial market conditions with the customizable price alerts on IQ Option.
- Risk Management: Traders on IQ Option can manage their profits and losses at the levels predetermined by them with features such as Stop Loss / Take Profit, Trailing Stop, and Negative balance protection.
- Trading Community: By trading though IQ Option, traders can join the huge IQ community. Here, they can follow other traders and discuss trading ideas and opportunities with features like Community Live Deals and Traders’ Sentiment.
Options Trading on IQ Option
IQ Option offers a powerful toolkit to traders for their intraday and global endeavours. Traders can choose the type of option that is most suitable to their trading style and profitability expectations.
- Digital Options: Digital Options is a trading instrument that enables traders to predict on the extent of the price change instead of just speculating on the general price direction. When the price of the underlying asset is close to reaching the threshold chosen by the trader known as the ‘strike price’, the payout can go as high as 900%. However, if the trade is unsuccessful, it will result in a loss of the investment. Another significant feature of digital options is it predetermined expiration time which works in 5-minute intervals. On IQ Option, the minimum investment for digital options trading is $1 with $0 brokerage fee. The expiration time can be from 60 seconds to 15 minutes.
- Binary Options: Binary Options is a trading instrument that provides a guaranteed return if the traders can predict an asset’s price direction correctly within a selected timeframe. The in-the-money binary options provide up to 95% of profit, while unsuccessful ones result in the loss of the investment. With binary options, a trader can speculate on the price movements of several currency pairs, commodities, stocks, and indices. Like digital options, the minimum investment for binary options in IQ Option is $1, and the brokerage fee is $0. The expiration time can be from 60 seconds to the end of the month.
Assets and Instruments on IQ Option
Traders can trade several assets on IQ Option, including –
- Options: Traders can choose from 54 options on IQ Option. They are Tesla, Alibaba, Apple, Microsoft, Amazon, Google, Intel, USD/BRL, Baidu, EUR/USD, EUR/JPY, EUR/GBP, USD/RUB, AUD/USD, CAD/JPY, AUD/JPY, Coca Cola, USD/TRY, EUR/NZD, NZD/USD, Facebook, Yandex, EUR/AUD, AUD/NZD, GBP/USD, EUR/CAD, GBP/JPY, USD/INR, USD/HKD, Snapchat, McDonald’s, AUD/CAD, Twitter Inc., USD/JPY, CAD/CHF, USD/ZAR, USD/SGD, GBP/NZD, AUD/CHF, GBP/AUD, GBP/CAD, Nike, USD/CAD, GBP/CHF, Morgan Stanley, USD/SEK, USD/CHF, Gold, USD/NOK, USD/PLN, Goldman Sachs, JP Morgan Chase, CitiGroup, and AIG.
- Forex: There are 48 forex pairs on IQ Option for traders to choose, they are USD/TRY, CAD/JPY, SEK/JPY, USD/JPY, CHF/JPY, EUR/NZD, EUR/JPY, AUD/NZD, AUD/JPY, USD/RUB, CAD/CHF, EUR/GBP, GBP/JPY, CAD/PLN, USD/CZK, USD/CHF, USD/DKK, EUR/AUD, EUR/DKK, CHF/SGD, CHF/SGD, EUR/DKK, EUR/SGD, USD/CNH, USD/PLN, EUR/USD, USD/HUF, USD/THB, AUD/CHF, AUD/SGD. USD/SEK, AUD/USD, EUR/HUF, USD/CAD, EUR/SEK, EUR/CAD, CBP/CHF, EUR/ZAR, AUD, SEK, GBP/USD, GBP/USD, GBP/ILS, USD/NOK, NZD/CHF, NZD/SGD, GBP/CAD, NZD/USD, and NZD/CAD.
- Stocks: There are 185 stocks on IQ Option to choose from, including Marks & Spencer, First Solar, Darden Restaurants, Flowserve, Federal Realty, Emerson Electric, Continental, ConocoPhillips, Delta Air Lines, Truist Financial Corp., Standard Chartered, easyJet, Discover Financial Services, Adidas, Raytheon, Fifth Third Bank, Airbus SE, Dover, T-Mobile Us, Inc, HSBC Holdings PLC and many more.
- Crypto: the 27 cryptos on IQ Option for traders to choose from are Cosmosx20, IOTAx20, Ontologyx20, Neox20, OmiseGo, TRONx50, TRON, Qtum, EOS, EOSX20, Bitcoinx100, Bitcoin, Ethereumx50, Ethereum, Bitcoin Cash, Bitcoin Cashx20, Dash, Cardanox20, Ethereum Classic, Stellarx20, Ripple, Ripplex20, Binance Coinx50, Litecoinx20, Litecoin, Bitcoin SVx50, and ZCash.
- Commodities: IQ Option offers 4 commodities to its clients. They are Crude Oil WTI, Crude Oil Brent, Gold, and Silver.
- ETFs: There are 24 ETFs you can choose from to trade on IQ Option. They are S&P Oil & Gas Explor & Product, MSCI Japan ETF, Energy SPDR, Consumer Discretionary SPDR, Dow Jones Industrial Average ETF, iShares Russell 2000 ETF, MSCI Mexico ETF, Utilities SPDR, S&P 500 ETF, Materials Select Sector SPDR, US Real Estate ETF, Semiconductor ETF, S&P Metals & Mining ETF, China Large-Cap ETF, QQQ Trust Series 1, Technology SPDR, MSCI Emerging Markets, Core MSCI Emerging Markets, UltraShort QQQ, UltraPro Short QQQ, 20+ Year Treasury Bond ETF, UltraShort S&P500, ETFMG Alternative Harvest, and Gold Miners ETF.
How to Start Trading on IQ Option
You can start trading on this platform with these three steps –
- Register: First, you need to open an account. You can open a demo account for free within a few minutes.
- Practice: With the help of the educational content, master your trading skills through practise on the demo account.
- Deposit a Trade: You can trade over 250 instruments on IQ Option with a minimum deposit of $10.
Demo Account on IQ Option
The fully functional demo account of IQ Option offers all features like a live account. Traders can switch between the demo and live accounts easily. Traders without live accounts can use the demo account. Another great feature of IQ Option demo account is that traders can top up the balance of the account to its original value at any time they want.
You can find more info about IQ Option on www.iqoptionmag.com/