IQ Option Review 82

IQ Option is an online broker offering a wide range of CFDs on complex financial instruments. The trading platform is owned and operated by Iqoption Europe Limited, and is the official partner of Aston Martin Racing. As one of a handful of award-winning brokers, IQ Option has the prestigious honour of the Mobile Star Award for Rising Star with the Intelligent Trading App for Binary Options in 2016, the Century International Quality Gold ERA Award, the Best Technology Application in 2016, and scores of others.

IQ Option is fully regulated by the Cyprus Securities Exchange Commission (CySEC) to offer cryptocurrency trading to clients in regulated jurisdictions. Further, it is EEA Authorized, and in register of the Financial Conduct Authority in Britain (FCA). Other regulatory agencies include Consob of Italy, CNMV of Spain, BAFIN of Germany, and Regafi of France, among others.

IQ Option Cryptocurrency Trading

IQ Option is an online broker offering a wide range of CFDs on complex financial instruments. The trading platform is owned and operated by Iqoption Europe Limited, and is the official partner of Aston Martin Racing. As one of a handful of award-winning brokers, IQ Option has the prestigious honour of the Mobile Star Award for Rising Star with the Intelligent Trading App for Binary Options in 2016, the Century International Quality Gold ERA Award, the Best Technology Application in 2016, and scores of others. IQ Option is fully regulated by the Cyprus Securities Exchange Commission (CySEC) to offer cryptocurrency trading to clients in regulated jurisdictions. Further, it is EEA Authorized, and in register of the Financial Conduct Authority in Britain (FCA). Other regulatory agencies include Consob of Italy, CNMV of Spain, BAFIN of Germany, and Regafi of France, among others

What Digital Currency Options Are Available?

Cryptocurrency is one of the most popular financial instruments of 2017 multiple cryptocurrency trading options are now available at this broker, including the following:

  • Bitcoin
  • Bitcoin Cash
  • IOTA
  • Dash
  • Ethereum Classic
  • Monero
  • OmiseGo
  • Zcash
  • Santiment
  • Ethereum
  • Ripple
  • Litecoin

It’s important to note that each of the 12 cryptocurrencies available on the platform have high risks, and high returns. The market leaders in 2017 remain BTC, ETH, and LTC

How to Get Started with cryptocurrency trading at IQ Option?

How to Get Started

To get started at IQ Option, traders must be from a regulated country. There are several ways to register an account at IQ Option, including Facebook and G+. It is free to open an account at this online broker. Once you have registered, you can click the ‘Trade Now’ button. Next, you will have the option of a practice trading account with a $10,000 balance.

There are no withdrawals and it offers free replenishment. The demo trading account offers unlimited trading opportunities on each of the 12 cryptocurrencies. Traders also have the option of a real money account – you can easily switch between the two of them. The real-money account requires a minimum deposit of $10. IQ Option offers easy withdrawals on the real money account.

The IQ Option Trading Platform

IQ Option Trading Platform The demo trading platform is identical to the real-money trading platform, with zero risk to the trader. Various options are provided on the demo trading platform, including Open Positions, Trading History, Chats & Dialogs, Leaderboard, Tournaments, Market Analysis, Video Tutorials, and Help. You can pick your preferred option – Buy or Sell – on each of the digital currency options. Traders can select the size of their trades by clicking the +/- buttons, followed by the Auto Closing Position when the profit is a certain level, or when the loss reaches a certain amount. Once the required Position Auto Closing is set, traders can click the Apply button.

The next option is to click Buy or Sell. The long or short options must be confirmed, as shown in the image below.

Buy or Sell                    

As soon as the actual trade has been confirmed, the practice account or the real-money account will display the reduced balance while the trade is active. Traders can easily switch to real-money mode by depositing funds into their account. All available charts and graphs for each of the available cryptocurrencies are featured.

real-money mode

Personalizing Your Account at IQ Option

Traders can easily personalize their accounts at IQ Option by adding a photograph, verifying account information, changing personal data, depositing/withdrawing funds, trading history, and other settings.

Deposit and Withdrawal Options

IQ Option requires traders to confirm their telephone number for additional account protection. The deposit and withdrawal options include Visa, Visa Debit, Mastercard, Maestro, iDeal, CashU, Boleto, WebMoney, Skrill, and Neteller. Other deposit methods include e-Wallets and Wire Transfers. All credit card deposits are free with no hidden fees or charges. Wire transfers are slower, and fees may be applicable from the issuing bank.

Bottom Line

IQ Option offers support 24/7, with a fully customizable trading platform and a personalized user interface. Traders can select their preferred language, time zone, theme settings, and interface scale, in addition to a wide range of display settings, privacy options and other options. Cryptocurrency trading is made easier with low minimum trades, the demo trading platform and multiple digital currency options. Traders can enjoy a feature-rich listing of active and pending positions, with fully functional chat and dialogues. The FAQs provide in-depth information on a wide range of digital currency trading options. Overall, the pros outweigh the cons and IQ Option is an effective way to trade digital currency online.

Pros

  • Responsive customer support

  •  Low minimum deposit and affordable trades

  • 12 cryptocurrency options available to traders

  • Demo trading account and real money account

  • Fully regulated by CySEC and multiple other authorities

  • Range of video tutorials, charts, trading advice, and interactive content

Cons

  • Platform can be a little slow when trading cryptocurrency
  • IQ Option is limited to traders from fully regulated countries (no traders from USA, Canada, Japan, Israel and several other countries)
iqoption Overview
Regulation: CySEC
Assets offered: Cryptocurrencies, CFDs, Forex, Indices, Shares, Commodities
Minimum Deposit: €10
Deposit Options