IQ Option Forex Broker Review and simple forex trading tutorial for you by Pegima Trading Education. IQ Broker provides one of the best forex trading platforms and is one of the reliable, regulated and licensed broker for forex trading. They also provide a free demo account ( A free account that can be used to practice forex trading without making any investment. So it is kind of a free test forex trading account before live trading ). You can start a live trading account at anytime with as low as 10 dollars minimum deposit. So learn more about it by going through the IQ Option Forex Broker review below.
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.
What is Forex Trading ?
Forex is the global foreign exchange market in which buying and selling of currencies take place worldwide among banks, hedge funds, trading & finance institutions and retail traders. In forex trading, you can make a revenue by making correct predictions of price movement via a regulated and licensed international forex broker that provide the trading platform. So recommended forex broker is IQ Forex Broker as it is easier to use and reliable as well.
Key Features of IQ Forex Trading ?
Why choose IQ Forex Broker ?
1) Based in Cyprus
2) Providing trading services since 2013
3) Over 25 580 000 registered traders.
4) Over 1 800 000 trades per day
5) Over 10 800 000 cash withdrawn by forex traders
6) Modern and user friendly trading application
7) 24/7 excellent customer support
8) Instant Deposits
9) Generally withdrawals are processed within an average of 1 – 2 days
10) Languages Supported : English , Français, Deutsch , Italiano , Español , Português , Русский , اللغة العربية , Türkçe , Polski , Chinese, 한국어, Svenska, ไทย
Requirements for forex trading with IQ broker ?
Anyone over 18 years or above can register free and start trading using IQ Forex trading platform. You will only need to submit a scanned copy of your National Identity Card ( If it is in English ) or Passport to verify your identity once the forex broker request these documents from you. You can make deposits easily using your master / visa credit card or debit card but making deposits via Skrill or Neteller e-wallets would be much better and easier. Also you can use Skrill or Neteller for profit ( when you are successful in predictions ) withdrawals.
( Please note that United States, Russia, Canada, Australia, Belgium, France, Japan, Turkey, Israel, Syria, Sudan are not yet supported by the broker. if you are from any of these restricted countries, You may try other suggested brokers by Pegima Free Forex Education )
How to trade forex with IQ Forex Broker ?
If you assume the price may go up, then you can choose “Buy”. If you assume the price may go down, then you can choose “Sell”. You can refer below video to learn about the trading process step by step.
A simple trading idea for you
Pinbar pattern is one of the simple trading patterns that you can use to trade Forex currency pairs and cfd's.
When a pinbar candlestick forms at a very high or lower point with the wick pointing outwards, it may be an indication that the trend is reversing. So basically, if the pin bar ( a candlestick with a tiny body and a massive wick to top ) forms at a very high point in the chart, then you can enter a trade with "PUT" option ( as price likely to fall down ). If the pin bar ( a candlestick with a tiny body and a massive wick to bottom ) forms at a very low point in the chart, then you can enter a trade with "CALL" option ( as price likely to rise up ).
IQ Option Forex Broker Frequently Asked Questions ( FAQ )
What is IQ Option Broker ?
IQ Option is a popular licensed broker that provide the platform to trade Forex, CFD’s, Binary Options, Cryptocurrency and Digital Options.
Is IQ Option a reliable broker ?
Yes. IQ Option is one of the popular and well established broker.
Can I test the IQ Option platform before investing ?
Yes. You can test and learn about the trading platform using a free demo account. Then at anytime, you can start live trading. The biggest advantage is that you can easily switch between demo and live account at any time.
What is the minimum amount to start a live trading account ?
You can start a live trading account with as low as $10. Then per trade you can invest $1 or anything above that.
What are the supported payment methods by IQ Options broker ?
IQ Options supports Master / Visa debit or credit cards, Skrill, Neteller and Web Money payment methods. Deposits happens instantly while withdrawals can take from 1 – 5 days as each withdrawal is verified before releasing.
How to verify IQ Options Trading Account ?
You can verify your IQ Options trading account by submitting following documents. To validate your identity, you need a clear picture of a your passport or national identity card. Then as an address / location proof, you need a utility bill ( Electricity, Water, Phone, Internet, Insurance, Finance etc.. ) or a certified bank statement issued within 3 months.
( Please note that all documents should be in English or in any language supported by IQ Option broker ).
General Risk Warning: The financial products offered by broker companies 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.