IQ Option is an online binary option, CFDs, and Forex Trading platform. It is a well-regulated online trading platform and is very safe for users. They have various trading strategies, trading tools, and other features available to give the users a better trading experience.
IQ Option was founded in 2013. It is located in Kingstown, St. Vincent, and Grenadines. IQ Option is one of the most well-known online trading platforms in the world. They offer a wide range of assets to trade and also have a very low deposit amount to get started. The platform also provides a demo account to practice with virtual coins and get a better understanding of the platform and its features.
IQ Option offers an excellent payout to its users along with other perks and benefits. You can access IQ Option from any device, android, IOS, Windows, etc. IQ Option has a wide range of deposit and withdrawal methods available on its platform. The platform is very handy and is totally customizable. This online trading broker has acquired many awards.
IQ Option is one of the most reliable and trustworthy online trading platforms as it has received various awards and recognition among traders. It also has very simple and easy-to-follow steps for depositing and withdrawing funds. The platform is properly regulated, which makes it a very safe and secure online trading platform out there.
IQ Option has more than 50 million users and over 1 million transactions per day. The platform is available to users worldwide in more than 200 countries. It is also available in over 12 languages. IQ Option has a number of currencies available for traders. They have an excellent customer support service and are available 24/7 so that the users can contact and clear their queries any time of the day.
IQ Option regulations
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IQ Option is properly regulated by Cyprus Securities and Exchange Commission or CySEC. Cyprus Securities and Exchange Commission is a financial regulatory agency in Cyprus. IQ Option has won many awards for its excellent quality and reliability. IQ Option is one of the best online trading platforms among others. It is one of the safest online trading platforms.
One should always check the regulations of the online trading platform in order to avoid getting scammed and any risk. Being regulated by Cyprus Securities and Exchange Commission (CySEC), IQ Option is a very safe platform for users to trade online. It is one of the most reliable, trustworthy, and reliable online trading platforms out there.
How do you successfully trade on IQ Option?
IQ Option offers CFDs, Forex, stock and commodities, crypto and ETF type trading. To be able to trade on IQ Option successfully, you need to understand all these trading types more thoroughly. The better you understand these trading types, the more will be your chances of gaining profit on this online trading platform.
CFD is also known as Contract for Difference. It is an agreement between the buyer and the seller which states that the buyer will pay the amount to the seller the difference in rate between the present price of an asset and the contract time price of that asset. With CFD trading, you can profit from the price change in assets without having to own those assets. In CFD trading, only the difference between the trade entry and trade exit matters, the actual price of the assets is of no importance. If the trader makes the correct prediction, the trader will benefit from the price difference, but if his prediction is incorrect, he might lose his money.
With Forex or Foreign Exchange, one can trade different currencies. Globally, the forex market is the most well-known market. Forex is always traded in currency pairs. You can easily trade Forex of IQ Option. To trade Forex on IQ Option, you need to stipulate the details like leverage, investment amount, and other required fields.
ETF or Exchange Traded Fund is a type of security that deals with commodity, index sector, or other assets. However, it can be purchased or sold on a stock exchange the same way as regular stock. ETF offers more diversification than stocks.
- Stocks and Commodities
With IQ Option, you can also trade stocks and Commodities. IQ Option has more than 170 stocks to choose from. You can trade stocks from many companies like Apple, Microsoft, Amazon, Tesla, Starbucks, McDonald’s, and more. You can also trade various communities, including Gold, Silver, Crude oil, Brent, and Crude oil WTI.
IQ Option allows traders to trade cryptocurrencies like Ethereum, Bitcoin, and others. You can find cryptocurrencies in the trade room. While trading cryptocurrencies, you can open a deal and keep it open for as long as you want. You need to be able to calculate the profit and loss while trading to avoid loss.
You can trade on IQ Option using any trading type, but you need to have a good grasp of whatever tools and features you are using; you also need to calculate the profit and loss while trading to avoid loss and gain more profit.
Currencies available on IQ Option in Indonesia
IQ Option is open to users in over 200 countries. IQ Option offers a number of currencies for funding to the traders in Indonesia, which includes:
- British Pound Sterling (GPB)
- United States Dollar (USD)
- Euro (EUR)
- Malaysian Ringgit (MYR)
- Russian Ruble (RUB)
- Chinese Yuan
- Indonesian Rupiah (IDR)
Available features on IQ Option
IQ Option has a number of features available for the traders to use and enhance their trading experience. Once you have signed in, you should get familiar with different trading tools and features on the platform. All the tools and features are very easy to find on this online trading platform. Features available on IQ Option are as follows:
- Multi-Window View
You can open 4 different multi-window views with this feature. If you want to view the real-time charts of the different tools that you have selected, you can choose the multi-window view feature.
- Chart Type
With this feature, IQ Option lets you choose a chart type while trading online. The available chart types on IQ Option are linear charts, bar charts, Japanese candlesticks, and others.
IQ Option has various indicators available for the traders to use, which helps in the technical analysis like RSI, Bollinger bands, EMA, SMA, Stochastic oscillator, and many others.
- Graphical Tools
You can choose a drawing tool that will help in the technical analysis with the graphical tools. The graphic tools on IQ Option include a trend line, a simple line, a horizontal line, a vertical line, etc.
- Account Balance
With the account balance feature, you can view the remaining balance in your IQ Option account.
- Selected Instruments
With the select instruments feature, it will get added to the IQ Option interface when you select any instrument to use.
- Purchase Time
Purchase time feature shows the time before you can enter a trade.
There are various other features and trading tools that IQ Option offers to users worldwide. These features and trading tools help enhance the trading experience for the traders. IQ Option has a wide range of trading tools and features available, making it one of the most well-known online trading platforms.
Additional features available on IQ Option
IQ Option is known for its wide range of trading tools and features. It offers a few additional features along with a wide range of other features, which includes:
- Education Resources
IQ Option offers many educational materials to the users, like video tutorials and more. They also have trading e-books and FAQs of the commonly asked questions.
- Trading Tournaments
IQ Option offers trading competition to its users. You can compete with other traders in binary options trading. These competitions last for 30 minutes. There are small entry fees for participating in the tournament.
- Mobile Integration
IQ Option also has mobile applications for the users. In addition to that, it also has a mobile web trading solution. The IQ Option app is very well organized, and it’s very easy to locate all the features on the app.
Assets to trade on IQ Option
IQ Option offers a lot of assets to trade to the traders. They offer more than 90 assets to trade to the users, which includes: Stocks, commodities, cryptocurrency, Forex, ETFs, etc.
IQ Option has more than 180 stocks to trade. Some companies that you can trade with are Tesla, Apple, Facebook, Amazon, etc.
IQ Option offers 12 different cryptocurrencies to trade like ZCash, TRON, Bitcoin, Ripple, EOS, Litecoin, Qtum, Ethereum, and more.
You can trade four different commodities on IQ Option, which are Gold, Silver, Platinum, and Crude oil Brent.
IQ Option offers over 4000 ETFs to choose from. Traders can choose from a wide range of ETFs available on IQ Option.
Indicators available on IQ Option
Indicators play an important role in online trading and stock markets. They help in determining the adequate entry and exit points which helps in upgrading the trading results. Indicators that are available on IQ Option include RSI, Bollinger bands, SMA, Stochastic oscillator, EMA, and many others. Let’s take a detailed look at these available indicators on IQ Option.
RSI or Relative Strength is a momentum oscillator that is capable of providing the trader with the buy or sell signals. Relative Strength Index can help you in ascertaining the oversold and overbought levels based on the previous data. RSI is the most popular indicator of IQ Option.
How to Use RSI Indicator on IQ Option?
To set up the RSI Indicator, follow these steps:
- From the list of technical indicators, select RSI Indicator.
- Enter the parameters for the indicators.
The closer the RSI Indicator value is to zero, the higher the chance that that particular asset is oversold. That asset might change from falling to a rising position.
The closer the RSI Indicator value is to 100, the higher the chance that that specific asset is overbought. That asset might change from rising to falling.
- Bollinger Bands
The Bollinger bands indicator is used to find out the entry and exit points in a trade. They are used to ascertain the overbought and oversold positions and are also used to mark the high and low instability on the price charts.
How to use Bollinger Bands on IQ Option?
- From the list of technical indicators, select Bollinger bands.
- Enter the parameters
- Select the display parameters for lower, middle, and upper lines.
SMA or Simple Moving Average is used to calculate the average from a selected range of asset prices based on the pre-established time interval. SMA can be combined with other indicators for determining the buy and sell signals.
- Stochastic Oscillator
The Stochastic oscillator helps you determine the oversold and overbought situations. It is a momentum-based indicator. Stochastic oscillator sends different types of signals which includes convergence, divergence, and crossover.
How to Apply Stochastic Oscillator?
- From the list of technical indicators, choose the stochastic oscillator.
- Set the required parameters: period %, smoothing coefficient %.
If the stochastic oscillator lines are below the 20% mark, it means falling to rising, and if the indicator lines are above the 80% mark, it means rising to fall.
EMA or Exponential Moving Average tracks the prices of an investment over time. EMA has the same purpose as SMA in online trading. An exponential Moving Average can be combined with the other indicators to determine the buy and sell signals.
Which indicator is best for IQ Option?
The best and most used indicator on IQ Option is the Relative Strength Index or RSI. RSI is one of the most popular indicators on IQ Option, which is used worldwide. It shows the overbought and oversold assets based on the previous data. RSI or Relative Strength is a momentum oscillator that is capable of providing the trader with the buy or sell signals.
In addition to that, RSI is much faster than other indicators. It moves more quickly between the oversold and overbought surface than other indicators. Most indicators are derived from the RSI, which makes it far better than the other indicators. Therefore, the best indicator on IQ Option is the Relative Strength Index or RSI.
Strategies on IQ Option
IQ Option has a wide range of strategic tools available on the platform for traders. They are important in trading in order to avoid losses and gain profits. Here are a few available strategies on IQ Option:
- Momentum Trading Strategy
Momentum trading is a trading strategy in which the traders wait for the asset to indicate swift movement and then open the deal. You should observe the price movements closely as fundamental and technical factors can both set off massive price movements. You must use stop-loss orders in order to avoid considerable losses.
- Pullback Trading Strategy
Pullback trading strategy finds an asset and moves in the direction of the trend. There are three varieties of trends: weak, strong, and healthy. You should know how to classify the type of trend in order to identify the valuable area on the charts.
- Scalping Strategy
With a scalping strategy, you can profit from small price changes. Scalping strategy involves opening a positing, making a small profit, and then closing the position right after that. It is one of the easiest and the best trading strategies. Deals can be very short while using the scalping strategy. While using a scalping strategy, the trader should quickly make important decisions and act fast.
- News Trading Strategy
With the News trading strategy, the good news tends to move the asset price higher, and the bad news tends to lower the asset price. You must make the correct prediction about the news before it reaches the market and makes a correct forecast.
- Breakout Trading Strategy
Breakout occurs when the price moves outside an established price range. Breakout trading focuses on putting the support and resistance levels to good use. When the prices go above the resistance level, you can implement the Breakout trading strategy.
You can use various trading strategies on IQ Option to earn profits. The best and the fastest way to make money on IQ Option is by using these trading strategies and various trading tools and features to trade online. This can minimize the losses and help you earn more profits.
The demo account is a great place to test out these strategies. With a demo account, you can get a better understanding of the trading platform and get familiar with all the vast trading tools and features without investing any real money. You should test all the trading tools and various strategies before you are confident enough to start trading for real. The demo account provides you with virtual coins and has the same features and trading tools as the real account so that you can practice with them before stepping into the real online trading world.
How to start trading on IQ Option?
To start trading on IQ Option, you need to register to a real account. You can also start with a demo account, where you can practice with free virtual coins and better understand the platform. Furthermore, you can enhance your trading skills by practicing on a demo account. You can switch to the real account when you feel confident enough to trade for real.
Types of Accounts on IQ Option
IQ Option offers two different accounts along with a demo account, which includes a Standard account and a VIP account
- Demo Account
IQ Option offers a demo account to the users to practice with $10,000 virtual coins, which you can refill as many times as you want. With a demo account, you can get a better understanding of the platform and get a feel of its features and tools. If you are not confident enough to trade real money, you can always practice with a demo account and enhance your trading skills. And once you gain a fair amount of experience using a demo account, you can always switch to a standard account to start trading for real.
- Standard Account
To start trading using a standard account, you need to deposit a minimum amount of $10. You will get access to different assets to trade along with other trading tools and features. You can even take part in the tournaments to make some extra profits which are held every week on IQ Option.
- VIP Account
To be eligible to use the VIP account, you need to deposit $1,900 within two days. This account is only accessible to non-European traders. With a VIP account, you get a benefit of an additional 3%. With the VIP account, you can also get your hands on monthly reports.
How to set up an account in IQ Option?
IQ Option initially offers two types of accounts to the traders, a demo account and a standard account. If you don’t want to spend real money and just want to practice and get a feel of the platform, you can open a demo account that offers virtual coins to trade. Steps on how you can open a demo account on IQ Option:
- Open the IQ Option’s main website.
- Click on the “sign up” option in the top right corner.
- Enter all the required details like name, email, and password.
- Click on “Open Account for Free”
- You will get a confirmation email. Click on the confirmation link given in the registered email.
- Sign in to your demo account.
Once you complete these steps, you have successfully signed in to your demo account. You don’t have to spend real money on a demo account. However, when you have gained the required trading skills and have understood the platform better, you can sign up for a standard account to trade real money.
Can you really make money on IQ Option?
IQ Option is a Forex, CFD, and binary options trading platform, and it is easier to make money through binary options because it’s a win-or-lose situation. If you predict the correct option, you make a profit, but if you predict wrong, you get nothing. You have to predict the correct price movement before the time expires. The binary option actually pays 95% profit.
IQ Option is a well-regulated online trading platform, which makes it a very reliable and trustworthy platform. IQ Option is regulated by the Cyprus Securities and Exchange Commission or CySEC. You just have to make a minimum $10 deposit to start trading, and then you can earn profits by using various trading tools and features available on IQ Option.
Therefore, you can really make money on IQ Option; you just have to make the right prediction. IQ Option has quite simple and easy-to-follow steps for the deposit and withdrawal of the funds. You can use various trading tools available on IQ Option to increase your chances of winning. They also have a lot of assets to trade. In addition to these perks and benefits, IQ Option also has weekly trading competitions which last for 30 minutes. You can easily earn profits by participating in these weekly held trading Competitions.
Bonuses offered by IQ Option
IQ Option does not offer any kind of bonuses or promotions due to the Cyprus Securities and Exchange Commission or CySEC regulations. Due to the CySEC regulations, Expert Option can not offer any sort of bonus or promotion to the traders.
Nevertheless, Expert Option offers weekly held tournaments or competitions to its users. The winning prize ranges from $100 to $1,00,000. You can make additional earnings by partaking in these tournaments. However, these tournaments are not available to the European traders, and it is only available to the non-European traders.
If you have a standard account, you will have to pay a certain fee to enter the tournament, but you do not have to pay any fee to enter the competition if you have a VIP account. It is totally free for the VIP account traders to enter the tournament.
IQ Option is best known for its wide range of trading tools and features. It also has various indicators that the traders can use to enhance their trading experience. The best indicator on IQ Option is RSI. The traders can trade using many trading types, and it also has various assets to trade. There are various trading strategies to implement while trading online on IQ Option. You need to have a good understanding of all the strategies and features in order to avoid losses, which is why it’s best to start with the demo account and familiarize yourself with the trading platform.