One of the more renowned online trading platforms, IQ Option is slowly gaining popularity. In a recent review published by business24-7.ae IQ Option was woted as the best online trading platform for options. Managed by IQ Options Europe Ltd, it is based in Cyprus and is classified as a Cypriot Investment Firm (CIF), which is regulated by the jurisdiction of the Cyprus Securities Exchange Commission (CySEC). Founded since 2013, IQ Options serves as a reliable platform for users to manage their financial assets and engage in trade with businesses from all over the world. They are known for having an extremely affordable minimum deposit amount of only $10 and a free trial account, allowing traders from all walks of life to gain access to this online global trading market. They are also allowing islamic accounts for UAE users. You can find more details in this article about the IQ Option features for UAE users.
Regulations and Reputation
Boasting of its numerous awards, IQ Option is well-regarded as a trustworthy platform in the online trading platform industry that offers its users quality services, and it is also ranked among best leading brokers in the world. On top of that, IQ Option is also a regulated broker under the jurisdiction of the CySEC, which means that they are legally allowed to provide its services to customers within the EEA. What’s more is that they are part of the Investors Compensation Scheme, which indicates that their clients’ funds are all safeguarded up to 20,000 euros, making their company accountable and reliable.
For traders who reside outside the EEA, their assets are not managed by IQ Option and instead by their sister company called IQ Option Ltd, which is based in Mahe, Seychelles and is regulated by the Seychelles Financial Services Authority (FSA).
Trading Platforms
Instead of choosing a regular trading platform out there, IQ Option provides you more than that as it extends beyond mainstream services and offers customers services that specifically cater to your trading needs. With the same single platform, you can use IQ Option to manage your CFDs and engage in binary options trading. It boasts of its comprehensive and chic interface that allows easy maneuver around the platform and features a large chart for users to monitor the trends of different markets.
IQ Options also provides useful trading tools that are unique to their platform, providing users with greater insight and the ability to better spot potential trading markets to reap greater returns. Some of these advanced tools like Moving averages, Bollinger Bands, MACD and RSI that are catered to more experienced traders can help enhance the trading experience.
Despite these, IQ Options are constantly improving and adding new features to improve user experience. One of these newly added features is the ‘position top-up’ that allows traders to maintain a trade open if it is advancing towards a stop loss. This feature hence gives traders more scope to allow trades to recover and improve before it is closed.
Mobile Trading
Instead of narrowing it down to an online trading terminal, IQ Options has its services provided on a mobile trading app as well, which allows you to monitor your trades free of charge. It is specially created for cellphones and other devices like tablets, traders can track their activity and status and be up to date with the new changes in the markets. With an equally user-friendly interface, users are now given the flexibility to access their assets anytime and anywhere.
Trading Accounts Offered
In contrast to other regular CFDs and binary brokers, IQ Option gives the option of creating three categories of trading accounts — a standard trading account, a VIP account, and a demo account. Both standard and VIP accounts allow participants to take part in the regular IQ Options’ trading competitions, for users to pick up new trading techniques and test their skills. The VIP account also allows traders to be entitled to extra privileges which include free of charge participation fee in trading promotions, 3% additional returns and a personalized manager at their service round the clock.
Assets at IQ Option
At the moment, traders are able to trade in over 90 different underlying assets and gain access to a myriad of currency pairs, stocks, commodities and market indices. They have also recently added 12 types of cryptocurrencies for their clients to trade in, giving them the freedom of choice from the wide variety.
They are also constantly expanding the number of markets available to trade and have managed to increase their list of stocks and share to a total of 150. IQ Options has spread markets across products, including Oil, Gold, and Silver that were recently added to the Digital Trade asset list.
FX Options
Being a newly launched product, FX Options are only accessible across the five major currency pairs.
They provide fixed risk investments in markets that are regulated by the EU, which functions quite similarly as binary options. Since there is a specific expiry for each FX option, and the potential payout depends on the underlying asset price, payouts may hit 2000% and more when a trader predicts that there will be a high price movement.
As it gets nearer to the expiry, payouts will increase as these options are influenced by the same delta and gamma values as traditional options. Despite a minimum trade of $30 attached to FX options, they can be sold anytime as long as it occurs before the expiry date. In the event of a trader buying either a call or a put, he can still sell their FX options before expiry to safeguard their profits or reduce losses. This hence provides traders with a useful method for EU traders to continue to gain access to fixed risk trades.
Cryptocurrency Multiples
An additional product unique to IQ Options is its Cryptocurrency Multiples that function like a leveraged trade, so price movements in the underlying assets are amplified. Originating this concept from Bitcoin x 100 trading, these magnify price movements by 100 times, creating great opportunities (as well as high risks) for traders to gain returns.
Due to its rapid peak in popularity, Cryptocurrency Multiples have now been extended to Ethereum, IOTA, Ripple, and other cryptocurrencies. The multiplier factor ranges from x20 to x50 and x100, but are only exclusive to Non-EU traders.
In a nutshell, IQ Options functions as an extremely reliable online trading platform for both new and experienced traders to trade with international businesses. Their unique functions and tools enhance the user experience to better help clients spot trends and identify booming trading markets. So if you’re looking for a trustworthy and flexible trading platform to manage your financial assets, be sure to consider IQ Options to enjoy their quality services.
