Beginner’s Guide to IQ Option Forex Trading Broker

Beginner’s-Guide-to-IQ-Option-Forex-Trading-Broker

You surely have been looking for investing in forex currencies, but you still don’t know where to start or which is the safest way to protect your investment. Maybe you’ve heard about IQ Option, but you want to learn more about it… Good news: You have come to the right place! On the next lines, you’ll find the most complete IQ Option review.

What’s IQ Option?

IQ Option is one of the greatest online platforms currently available and it’s used to trade a whole variety of instruments, such as Forex, Options, BTC, and stocks. It has worked so great that its growth goes in the fastest way possible and has millions of users all over the world.

Why is it so successful in providing trading services ? Easy: It is a regulated and licensed broker. Therefore, they’re fully authorized to put on the market and sell their products in a large number of places. Also easy to use platform and trusted by many for Forex trading.

General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose

How can I sign up ?

Signing up in IQ Option is super easy ! You can do it using your Facebook account or your Gmail email address. In case you don’t have any of those, you can use any email address you have, you provide the information needed, such as national ID or passport in any international or local language accepted by broker, create your password and voila! You are ready to start using your practice account !

You can use below form to instantly register

Should I start with a Demo or a Live Account ?

It will depend on you and the risk you’re willing to take. There’s a demo account that is perfect to start using and trying the platform, in which you can start with a very low and affordable investment for everyone. If you start with a demo account, your virtual funds can be top-up again. We suggest starting with a demo account, so you become familiar with the platform.

If after using your demo account, you realize you want to switch to a live account, you can do it very easily, and is super cheap to do it. You will only need 10$ as a minimum investment to have access to a live account.

There are two types of live accounts:

  • Real Account: this account will give you full access to around 70 different markets and you can start having it with only 10$. It has absolutely no restriction on trading functions.
  • VIP Account: if you’re taking the risk of investing more than 3.000$ you can have access to this kind of account. Of course, this account comes with major facilities. It will give you access to a 24/7 personal manager who will be there for you in any issue or doubt you might have. Plus, it gives you a monthly feedback, to let you know how you’ve been doing. This last characteristic will give you a detailed report on your monthly performance, so you can have a detailed idea of all your movements and how to improve.

Which possibilities of investing do I have using IQ Option ?

The platform has a really, really large number of options to choose from… It has around 10 million different options, however, here are some of the most popular ones:

  • Forex : it’s probably the most popular trading market at this moment. IQ Option gives you the chance of investing in this huge and decentralized market in 188 different coins, so you can choose whichever you want. You can find a Forex trading tutorial at the IQ Option site.
  • Options :  Same as Forex but the earning potential is very high.  Each trade will have an expiry time.
  • Cryptocurrency : Bitcoins are known all around the world. IQ Option not only offers you the chance of working with bitcoins, but also with another kind of cryptocurrencies, such as Ripple, Ehtereum, ZCash, Monero and Dash, among others.
  • CFD On Stocks : you can choose among almost 7500 different and great options if you’re looking to trade CFD on Stocks.

Features of IQ Option

 IQ Option works on the behalf of making your trading experience greater than ever, so it has many features to take in consideration that put this platform above any other. So, if you still have your doubts, here are some of them that will convince you:

  • Payment options: IQ Option gives a number of payment options, so you can easily make deposits and withdrawals from your account. You can easily use credit cards, debit cards, several payment processors such as Neteller, WebMoney, Skrill, among others and of course, Wire Transfer. The verification requirements for your payment will depend on the country you are at.
  • Mobile integration: besides the app for your mobile, IQ Option provides a mobile integration that is as easy to use as the website and has most of the features you can find on the platform site. Plus it provides notifications, it’s very easy to use and as intuitive as the platform itself. It’s available for both, cellphones and tablets and you can find the right version for your device, regardless you use Android or iOS.
  • Education and training facilities: regardless if you are starting or if you are already experienced, questions might show up. IQ Option offers tutorials, videos and material that can help you improve your trading skills or answer all the doubts that might show up regarding trading.
  • Trading competitions: outside the European Union, you can participate in trading tournaments, in which you can test yourself and your skills with other traders. This way, you can also learn new trading techniques and the winner gets a prize.
  • Customer support: IQ Option counts with a great support team that responds any question you might have immediately. In a matter of seconds, you will have all your questions answered and in less than 30 minutes, you will have all your requests solved. They give great and fast customer support. And if you have a VIP Account, you will have your personal manager to help you right away, so all your questions and requests will be solved even faster.
  • Updated information access: IQ Option provides a large number of tools you can use in order to improve your trading, such as updated charts, Moving average, MACD, calendars, stock screeners and a long list of other tools. Plus, if you download the app on your mobile device, you will be able to receive notifications of the changes that might occur on the stock.

Where can I use IQ Option ?

IQ Option is determined to be used worldwide, so you can use it in most countries all around the world. You can set it in most languages as well, such as Spanish, English, Chinese, Portuguese, just to mention a few. Plus, being an international platform gives you the facility of trading in the currency of your preference.

Even though IQ Option is available in a large number of countries, it is not available for residents or citizens of some countries, such as Japan, Canada, Australia, Belgium, Syria, Sudan, Iran, North Korea, Palestine, Israel, Russia and the United States. The reason for these countries to be left aside is because of their regulations in trading. Also some of the instruments are limited European Economic Zone.

Is it difficult to use the IQ Option Platform ?

IQ Option Trading App is an easy to use modern platform. The website is specially designed to be intuitive, so you can find any tool you need very easily and use it the way you need it immediately. You can choose the currencies of your preference and change them anytime you want in a very easy way.

What are Open Network Trading Tokens ?

This is a system IQ Option has developed in a team with Open Network Trading to reward customers who trade cryptocurrencies on the website, so the more you trade, the more ONT Tokens you can get. You can use them to pay for fees, so they basically give you more facilities for trading.

What’s the amount of the payout ?

In the case of a successful prediction in Forex, you’ll get lucrative payouts based on price movement (also called pip movement); in the case of a successful prediction in Options, IQ Option’s payout is 92% during the week and 95% during weekends.  On weekends, IQ Option only works with cryptocurrencies and Option market. Let’s take in consideration, this is a very high rate of payout, so it’s totally worth it.

Do I have access to Cryptocurrency trading info ?

Yes, and in a very easy way you will find access to completely updated information about bitcoins and around ten more other cryptocurrencies. It also has trading educational material, videos and interactive to learn how to trade, which is perfect for beginners plus, it counts with a support team that will help you with everything you might need and answer all of your questions.

Could IQ Option be a scam ?

This is a very common question. And even though you can read online some comments of people calling it a scam, a detailed view of those comments allows you to know that they are because of risks that come with trading. Remember big earning carry the risk of big loses too.

On the other hand, you can find an even larger amount of people who are pleased with the platform and the success of this platform proves it is not a scam. It has a great level of transparency and updated financial regulations.

Which are the expiry times ?

  • In Options Trading : You can pretty much have all the expiry time you want. It goes from 60 seconds to a month, so you can adjust your times according to your needs and your experience. If you’re looking for a longer trade, this might not be the best option.
  • In Forex, Crypto and other trading instruments : You can keep a trade open as long as you want, depending on the capital in your account, and settings you have selected per each trade. If you’re looking for a longer trade, these are the best instruments for you.

Can I withdraw easily ?

Yes, in case you need it or want it, you can withdraw. Of course, they will ask you some security questions and will ask you to provide documents in order to verify your identification. Even though withdrawals can be done in several ways, they still don’t have PayPal withdrawal available, so keep that in mind when you are going to do it.

PayPal is not yet supported by the broker ( It supports Skrill, Neteller, Webmoney ) and driving licenses are not accepted as verification document ( They accept only national ID or passport in any main or language accepted by them). Some countries are not supported yet.

Investing in Forex

I’m pretty sure you’ve heard of Forex before, since it’s one of the biggest trading markets currently, however, you probably don’t handle that much information about it. Here’s a Forex trading guide for beginners, so you get a deeper knowledge about it before diving into IQ Option.

What is Forex ?

Forex stands as an abbreviation of Foreign Market, in a shorter way, it is also called FX. It is basically a decentralized market of currencies. The market of trading such currencies is what determines the rate for selling, buying and exchanging the currencies you have chosen to trade.

Forex trading is about buying a currency with another currency, so the point is to buy a currency that’s at a lower price to sell it when such currency rises. This is a very dynamic market, so currencies can variate their value from a second to other.

How does Forex currency trading work ?

When trading in Forex, currencies are placed in pairs. This way, you choose the pair you want to trade. For example: dollars and euros. Let’s assume dollars are at a lower price than euros. In this case, if your expectation is for dollar price to rise over the euro’s price, you would buy dollars and then sell them when they rise, and that difference will become your profit. Just that easy!

How can I start trading Forex from home ?

Trading is easier than you think, however, you do need to study the market, that’s why on IQ Option you have the chance to start with a demo account. That said, you can start trading from home with only having access to a computer, tablet or cellphone and internet connection.

All you need to do is going to the IQ Option website or download the app on your mobile device, create your account using Facebook, Gmail or any email account you have and start investing! Just as simple as that! With only 10$ of investment and choosing the pair you would like to trade according to what your indicators might suggest about the market, you can start trading in the comfort of being in your own house.

You will find more Forex trading guides at the IQ Option website. They count with great video tutorials and educational program to walk you through the trading process from the very beginning.

Summary

 IQ Option is currently the best option available for trading currencies. It is a platform used to trade a great variety of markets which go from Forex, BO to Crypto, and has a great appliance on almost every stock you can find in the market. It is easy to use, versatile and safe. They take great security measures in order to keep customers information private, which makes it a great broker for currencies. It has grown so much on last years because of its facilities and safety and has millions of users all around the world.

Signing up for an IQ Option account is as easy as introducing your email or Facebook account, supplying the requested information and deciding which way to go: a demo account or a live account. For beginners, it is recommended to start using a demo account in order to study the market and become an expert before going into a live account. The major plus on the demo account in IQ Option is that you can use it for as long as you want or need to, so you can take your time to learn the business in case you are a beginner or you can get comfortable with the platform in case it is your first time in it.

There are two types of live accounts: a real account and a VIP account. The difference between them is that with a real account you will be able to start trading by only investing 10$ and you can use around 70 different markets with no restriction. That sounds great. However, VIP account, even when the investment is considerably higher (has to be at least of 3000$) opens a whole variety of over ten million options to invest with, plus, this type of account offers you a personal manager in case you have any questions or requests, and offers you a monthly detailed report on your movements and on the market, providing, this way, valuable information for growing up faster as a broker.

Once you have selected the type of account you will use, comes the moment to choose where to put your money at. You can choose from a variety of cryptocurrencies, such as bitcoins and Ethereum, Forex (which is the most popular trading), CFD on Stocks and some new and really great other options of those over ten million options you have to choose from.

IQ Option has a huge focus on giving the customer the best trading experience they could have, so in order to achieve this, they put a lot of features on the table which make a major plus when compared to other platforms. Some of these features are:

  1. Facilities on payment options: so, you can use almost any method to make deposits from and to your account, which go from credit and debit cards, to wire transfer, depending on the regulations of the country you are at.
  2. Mobile integration: IQ Option not only has a great app for your tablet or mobile device, but also, its integration on the mobile app allows you to do most of the things you can do from the online platform, so you can trade any moment, anywhere you want, and it is available for Android and iOS.
  3. Education and training facilities: the platform has a number of easy and interactive videos, e-books and tutorials for you to learn better about the trading market and you can use them whether you’re a beginner or an expert.
  4. Trading competitions: these will allow you to prove your skills, learn new tips and trading techniques with other traders and get a prize.
  5. Customer support: it counts with a great team for customer support that will answer your questions in a matter of seconds and attend your requests in a matter of minutes. Plus, the platform allows you to communicate with other traders, so you can ask more experienced traders your doubts and interact with them in a very smooth and easy environment.
  6. Updated information access: IQ Option has a large number of tools, charts, averages and everything you need to improve your trading, such as changes on the market and latest information.

IQ Option is used worldwide and continues to grow, so you can use it in 177 all around the world. Plus, being an international platform gives you the facility of trading in the currency of your preference. However, despite this, it is not available for residents or citizens of some countries, such as Japan, Canada, Australia, Belgium, Syria, Sudan, Iran, North Korea, Palestine, Israel, Russia and the United States. The reason for these countries to be left aside is because of their regulations in options instruments.

It is very easy to use the platform, whether you use it on your mobile device or on the online platform in your computer, both ways are specially designed to be intuitive, so you can find any tool you need very easily and use it the way you need it immediately. You can choose the currencies of your preference and change them anytime you want with just a click.

IQ Option also has an ONT Tokens system specially designed to reward customers who have traded cryptocurrencies on the website and that can be used to pay for trading fees. The more you trade, the more you can obtain ONT Tokens. In the case of a successful prediction, you get really attractive lucrative profits. So, this is one big plus point to trade with IQ broker.

We don’t consider IQ Option a scam, it is backed on a large number of customers and on great security and licensed brokers. The company is settled on Cyprus and you have a full access to its location on their website. In addition, they support popular payment processors such as cards, Skrill, Neteller, WebMoney, Advacash, Bank Transfer and adds many more on regular basis. So, you can deposit and withdraw safely using any of the above methods.

 So, learn, practice and trade with IQ Option to get high potential income !

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK.

Please take in count that any kind of trading that has potential high earning carries a high level of risk too. Therefore, trading is more suitable for those who can take a risk. We recommend you to register for free, learn from free information already given in our site and brokers site, start trading using a demo account. Then once you’re successful in demo, you can start live trading.