IQ Option Review: More investments options favourable
IQ Option Review: Very good broker for cryptocurrency trading
Broker Comparison » Crypto Broker » IQ Option Review: Very good broker for cryptocurrency trading
IQ Option Review: Very good broker for trading in cryptocurrencies
IQ Option is a broker based in Cyprus, which has been on the market since 2013. The provider started trading binary options . Over time, however, the offer has been expanded. Meanwhile, IQ Option has also become known for a very good Forex trading with more than 180 currency pairs. Particularly interesting for investors is the ability to trade with the broker in cryptocurrencies. As more and more brokers provide this option, IQ Option is one of the few with such a large selection of cryptocurrencies.
In terms of security, Cyprus-based brokers have long been a concern to investors. However, this has changed significantly in the meantime. Through the regulation of the local financial supervisory authority has shown over the years that many reputable providers are on the market. This includes IQ option. The broker is also regulated and is also registered with various other regulators. The hedges of client funds are guaranteed. Thus, an IQ option fraud is very unlikely.
Advantages and Disadvantages in the IQ Option Rating:
Per
CySEC as regulatory authorityCryptocurrencies tradable, 14 different variantsOwn platform for cryptocurrenciesFree demo account without time limitGerman customer supportMinimum deposit of 10 eurosBroker's own trading platform
Contra
Market maker
The most important facts at a glance:
EU seat and regulation Headquartered in Limassol, based in the Seychelles
Minimum deposit Account opening from 10 Euro minimum deposit
German support Yes, it is offered
Webinars, introduction Video tutorials and analyst support
Number of underlyings 188 currency pairs, 14 cryptocurrencies
1-click trading Yes
deposit Bonus No bonus given
Commission No
Platform / Mobile Trading Broker's own trading platform
Spread EUR / USD 2 pips
Maximum lever no leverage on cryptocurrencies
hedging Yes, allowed
Others -
Overview:
1. Trading Conditions & Minimum Deposit: Standard Account is Free
2. Trading
Offer : Binary Options, Forex and Cryptocurrencies 3. Demo Account: Access Unlimited
4. Trading Platform : Own Trading Platform for Broker
5. Step by Step to IQ Account Option: Single Account Open
6. Support & Education: Education and training with IQ option
7. 3 tips on proper deposit: You should traders know
8. IQ option experiences: awards for the broker
9. Our IQ option experiences: the conclusion from the test
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Trading Conditions & Minimum Deposit: Standard account is free
Cost of tradingLooking at the minimum deposit quickly shows that IQ Option can really score at this point. Many brokers work with a slightly higher minimum deposit. They want to make sure that the traders use as much money as possible and thus make excessive use of trading via the platform. However, traders who are just getting started are often cautious about depositing money. A small minimum deposit is therefore beneficial for both sides. Therefore, IQ Option has decided to pay an amount of only 10 euros for the minimum depositcall. The broker gives even beginners the chance to test the trade only with a small amount. The same applies to the trade. Again, IQ Option sets very low. So the trade can already be started from 1 Euro. First losses in this way are not as annoying as with a higher minimum bet.
The second look is at the fees. Especially in the Forex area, these are interesting for investors. Here, IQ Option moves with 2 pips at the mid-range majors. The broker does not offer the opportunity to work with a lever. The classic Forex trading can be leveraged up to 1: 300. But if you want to try in the field of crypto currency, which can only use a leverage of 1: 1, so no leverage effect.
Account opening is quick and easy. Customers can open their account via the broker's website and then confirm this opening via a link from an e-mail.
IQ Option Crypto Experiences from Brokervergleich.net
In addition to Binary Options, Forex and CFD trading, IQ Option also offers trading in cryptocurrencies
The trading conditions at IQ Option can be described as fair. Above all, the low minimum deposit and also the low trade sum make the broker attractive for beginners and for advanced traders.
Trading Offer: Binary Options, Forex and Cryptocurrencies
The Broker IQ Option offers several options for trading:
optionsForexsharescryptocurrency
Investing or investing through a broker should be fun. Every trader has different wishes and ideas here. Accordingly, IQ Option has put together a wide range of trading offerings. Here is the binary options trading or Forex possible. Especially interesting is the option to work with cryptocurrencies. Digital currencies have more and more attracted investors in recent years. In addition to Bitcoin, there are many other Altcoins trying to make as good a climb as the Bitcoins. Therefore, not all traders want to invest in Bitcoin. IQ Option has 11 more cryptocurrencies that can be used. The entire selection consists of:
Bitcoin: Bitcoin is the cryptocurrency that first attracted attention. To this day nobody knows who exactly is behind the currency's development. Since it went on the market in 2009, the price has risen sharply. While the bitcoins were still available for a few cents at the beginning, today they are already clearly in the four- to five-digit range.
Bitcoin Cash: Bitcoin Cash has split off from Bitcoin after a few years and is now a standalone currency to bet on.
Bitcoin Gold
Ethereum: Ethereum are considered one of the biggest competitions of Bitcoin and can also show a very good price performance. The functionality is based on Bitcoin. However, the block chain for the transactions is supplemented here by the smart contracts.
Ethereum Classic: Ethereum, as well as Bitcoin, has split off its currency. Thus, the Ethereum Classic were launched. The abbreviation for this currency is ETC.
Ripple: Ripple have a different goal than the other cryptocurrencies and are often synonymous in the criticism. So they do not work against the banks, but with the banks. Nevertheless, the ripple recorded a price increase.
Litecoin: The Litecoin is one of the strongest competitors for the Bitcoin and therefore from its price also very interesting for investors. In terms of how it works, litecoins are very similar to bitcoins.
Dash: Dash did not have the name Dash from the beginning, but were run as darkcoins for a while. However, this name has caused a too negative association. Therefore, the renaming was done in Dash. The advantage is the private transactions that can be performed with the cryptocurrency.
Stellar
Zcash: Zcash is still relatively young and only on the market since 2016. Impressive was the successful entry. So Zcash were even more valuable than bitcoins. However, this has since changed again and the price has fallen sharply.
OmiseGo: Omise is the provider of OmiseGo and focuses with this cryptocurrency on the eWallets. It also works with a peer-to-peer network.
TRON
Qtum
Neo
The selection of cryptocurrencies is one of the biggest advantages that IQ Option has to offer. But also in the Forex area, the broker is very well positioned.
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Demo account: access for an unlimited time
The demo accountThis is particularly interesting for any trade because it gives you the opportunity to calmly test your trade and work on different strategies, and then implement that strategy with real money. However, not every broker offers a demo account. IQ Option, however, is one of the providers that provide this extra for their customers. The advantage here is that there is not even a time limit here. Often the demo account can only be used for a certain period of time. Partly it is also provided with a credit. When this credit is used up, users can no longer practice. However, this is not the case with IQ Option. Even existing customers can easily use the demo account. It does not come to a block.
The use of a demo account is definitely recommended for beginners. It prevents a high loss in the first trades, which are still made without any experience. In addition, the demo account can be used to familiarize with the platform and develop strategies.
Trading platform: own trading platform for the broker
The trading provider IQ Option offers two different platforms:
Broker's own trading platformOpen Trading Network
Trading with trading platformThe trading platform is the most important basis for trading through a broker and should therefore be easy to use. Intuitive operation was also important to IQ Option when the vendor launched the proprietary platform. This is quite a common variation, although there are some platforms used by various brokers, such as the MetaTrader 4. With IQ Option, only the broker's platform is available.
IQ option demo account
The IQ Option demo account can be used by members to gain an understanding of the trade
When it comes to cryptocurrency trading, it may be interesting to take a look at the OTN. The Open Trading Network is a network designed to allow multiple crypto currencies to trade. Trading is available 24 hours a day. So here can be acted at any time. For use, there are the OTN tokens. These are bought by the trader at the crypto exchange. But there is also the possibility to start trading via IQ Option with the tokens. At this point, it may be useful to first deal with the topic and to clarify open questions, before the money is invested.
IQ Option's proprietary trading platform is designed to make it easy for newcomers to get started. Due to the possibilities of adaptation, even experienced traders appreciate the platform and enjoy using it.
Step by Step to the account at IQ Option: Simply open an account
The account opening with IQ Option is possible free of charge. That is, anyone who is interested in working with the broker can open an account. Here you can easily register via the website. For this, traders can log in via Facebook or Google Plus or directly enter the information requested. This is first and foremost the name. Also the mail and a password are necessary. Afterwards the terms and conditions have to be accepted. The account can then be opened. After opening, users will receive an email.There is a link in the mail that is required to confirm the account. After this has been clicked, can be started with the deposit.
Account opening is made very easy for users at IQ Option. Here it is possible to set up an account in a few steps and start trading directly after the deposit.
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Support & Education: Training with IQ Option
A broker's support is one of his trademarks and should be incorporated as traders consider whether a platform might be suitable for them. With IQ Option the contact is possible in different ways. It should be mentioned that there is currently no live chat. Often traders expect a live chat from a broker and look to them for support. With IQ option this is waived. There are other ways to contact us. So a phone number is offered. Here is a separate number for Germany, which can also be called free of charge. Support is also in German. If you can not reach anyone by phone, you have the option of using the contact form on the website. Here is a response quickly.
The training offer at IQ Option can also be described as very good. The broker offers tips on trading binary options and explains from the beginning what binary options are. In the FAQs various topics are taken up. This is also about the trade in cryptocurrencies. In addition, video tutorials and analyzes can be used. Both are a help when it comes to trade. Through price histories, traders have the ability to view price trends and use this information for their strategy.
IQ option learning area
The IQ Option website has an extensive learning section that gives members the chance to get schooling
IQ Option offers support in German, which is particularly convenient for investors. If you have any questions, you can contact us by phone or in writing. The broker is also very well positioned in the training offer and offers various possibilities to get a good start in the trade.
3 Tips for Proper Deposit: Traders should know that
Important Trading TipsTip 1
The minimum deposit is 10 euros. Nevertheless, it may be useful for traders to consider whether they do not want to transfer a higher amount from the beginning . Especially if you want to make the highest possible profits in trading, it may be useful to use more money for trading.
Tip 2
IQ Option is well positioned for deposit options. The broker offers the option to choose from the following variants:
Credit cardSkrillNetellerWebmoneySofortuberweisunggiropay
Fees are not charged if the deposit is made by credit card, Skrill, Neteller or Webmoney. If the trader wants a payout via bank transfer, then you have to expect fees.
Tip 3
Depending on the selected type of deposit, the transfer to the account may take longer or be particularly fast. IQ Option relies on payment service providers that are known for a particularly fast transfer. So when depositing with credit card or Skrill and Neteller the money within a few minutes in the account.
The deposit with IQ Option is made easy for the traders. Nevertheless, it can not hurt to spend a moment on the subject.
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IQ Option Experience: Awards for the broker
Trade warrantsAwards are always an indication that the broker is worried about the platform and its offerings. Also IQ Option has already received several awards and benefits from it. For example, the broker was honored for the best broker trading app . This can be used for trading binary options. Even the best technological application has already won an award. All awards are available on the website.
Aston Martin is one of the official partners of the Brokers IQ Option.
IQ Option is one of the official partners of Aston Martin Racing
The Broker IQ Option has already received several awards. These are an indication of the very good work being offered by the platform.
Our IQ Option Experience: The conclusion from the test
The broker IQ option can be especially interesting for traders, if they would like to enter the trade in crypto currencies. After all, 14 different digital currencies are available. This is a very good choice for interested traders. But also the conditions and offers of the platform itself can be seen. Thus, the minimum deposit of 10 euros is kept very low and the trade, which can start from just 1 euro, is good for beginners. The advantages are rounded off by a very good support, which may not be missing with a broker .
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