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What is IQ Option?A short introduction

Friday, November 30, 2018 10:24

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By ForexTradinginZA

IQ Option is one of the most renowned and a well-established broker that assists the online trading of financial instruments like CFDs, forex pairs, commodities, stocks, cryptocurrencies and indices. IQ Option acts as a platform where these financial instruments can be traded conveniently. IQ Option had started out in 2008 as a Binary options broker, but today it has grown rapidly to process almost 2,000,000 traders every day.

IQ Option Europe Ltd. is regulated by the Cyprus Securities and Exchange Commission (CySEC) being registered at Cyprus. IQ Option Ltd. is registered at the Grenadines and in St. Vincent, however, it is not a regulated entity.

Trading With IQ Option

The range of financial instruments that can b e traded on IQ Option is very impressive. Here are some of the financial instruments:

1. Digitial Options is available on IQ Option in 19 standard digital options tradeable on weekdays and 8 OTC options that are tradeable during the weekend. They are tradable with expiry times of either 1 minute or 5 minutes. This option is available to non–EU and pro-EU traders, but not to the EU members.

2. Binary Options– IQ Option offers about different binary options instruments to trade, including options on forex pairs, stock indices, stocks and gold. They can be traded with a wide range of expiry times ranging from 60 seconds to one month. The platform also offers OTC (over the counter) binary options for trading on the weekends.

3. FX Options –IQ Option offers FX options trading exclusively for EU traders as they cannot trade binary options and digital options with the platform. These can be traded with expiry times of 10, 20, 30, 40, 50 and 60 minutes. 6 different FX option instruments are available to the traders.

4. Stock CFD Trading–The platform offers around 174 CFDs for trading with leverage. One can trade IQ Option’s stock CFDs with just $1 per trade.

5. Forex Trading –IQ Option offers a range of about 88 currency pairs. Some of the currency pairs like EUR/USD, GBP/CHF and USD/CHF can be traded with leverages of 1:1000. They also provide pre-set stop loss and take profit options for forex trading.

6. Cryptocurrency Trading –IQ Option offers two types of cryptocurrency CFDs–standard and special. The standard crypto CFDs can be traded by both members and non -members of the EU. However, the EU members do not have access to leverage. The special crypto CFDs cannot be traded by the EU members.

7. Others – Apart from these, IQ Options also supports commodity and ETF trading. While there are 6 commodity CFDs available to the traders, the leverage varies for EU and non-EU traders.

Features of IQ Option

The IQ Option trading platform provides traders with many useful features that facilitate their operations and make i t convenient for them. Some of the features of the platform are:

1. It allows a trader to execute trades directly from the charts. This allows them to place orders while keeping a close eye on the current price.

2. They provide the users to use any kind of chart they wish too, including candlestick charts, bar charts, line charts and Heikin-Ashi charts. These charts can be displayed in different time frames too.

3. IQ Option offers a range of graphic tools like trend lines and Fibonacci to assist the traders.

4. The platform offers a range of widgets that provide the traders with greater control and access. Some of the widgets include Traders’ Deals, News, Volume etc.

IQ Option also offers the users the option to open a free demo account. The platform is very easy-to use and navigate. IQ Option also offers a mobile application for convenience of the users. To know more about the broker or how to use the platform, please visit: https://www.iqoptionmag.com/?utm_source=rss&utm_medium=rss

Source: http://www.zentrader.ca/blog/what-is-iq-optiona-short-introduction/#utm_source=rss&utm_medium=rss

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