IQ Option is a Forex, CFDs, ETFs, and Binary Options Broker that is quite interactive. From my point of view, it has one of the best-designed and interactive investment platforms in the world. This is a significant draw for clients, but beyond that, another thing that attracts customers are the types of accounts this Broker offers.
IQ Option is a Broker regulated by the Cyprus Securities and Exchange Commission with license number 247/14. In addition to this, they had forty million open accounts by 2019, and for the following years, it’s one of the Brokers with the highest market growth compared to its competitors.
Considering what was mentioned earlier and the fact that positive reviews far outweigh the negative ones, we can conclude that this company is safe and not a scam. You can trade with confidence and security through their investment platform, whether you operate in Forex or Binary Options.
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What are the IQ Option Account Types?
As I mentioned, this Broker has three types of accounts, which are:
1. Demo Account
The demo account is the trial account offered by this Broker, like any other. It comes with a fictitious balance of $10,000. You can try the Broker’s trading platform using this account, and if you like its functionality, which is the safest option, you can switch to a real account.
2. Real Account
This account has a simple name, and despite its common name, it’s essentially the second-best account you can use with IQ Option. It requires a minimum deposit of $10 or euros. With this account, you can trade Forex using various instruments provided by the Broker, and you can also trade CFDs, ETFs, and Binary Options. For the latter product, remember that you must be outside the European Union to use it.
Regarding Forex, this account offers a maximum leverage of up to 1:500, and the spreads are quite tight, starting from 1.5 pips, depending on the investment instrument used for trading in the market. You can open positions starting from 0.01 lots. If you want to use it for Binary Options, the profit margins range from 50% to 85% for successful trades.
3. VIP Account
Finally, there is the VIP account, which is the best account you can use with this Broker. To have a VIP account, your total capital must be equal to or greater than $3,000 USD/EUR. For Forex, this account has the same benefits as the real account. For Binary Options, you can achieve a return of 50% to 90% on successful trades.
The reason this account is called VIP is that you have access to market analysis by the Broker’s staff. You can access exclusive information about financial instruments, and you also have a personal account manager for both Forex and Binary Options. It’s worth noting that for other investment products, being a VIP also offers additional benefits, which means it applies to those who trade cryptocurrencies, ETFs, or CFDs.
How to Open an Account with IQ Option?
It is enough to register with this Broker, and you will immediately have access to a demo account. As such, this account is assigned by default to all traders. Once you verify your profile, you can access the real account, which is activated when you deposit between $10 and $2,999 USD/EUR. If your deposit is equal to or exceeds $3,000 USD/EUR, your account is automatically classified as VIP. It’s essential to note that the account assignment is generated automatically on this Broker, meaning that when you register, you already have a demo account. If you deposit money, you have access to a real account, and if that deposit exceeds $3,000 USD/EUR, your account is VIP. I like this approach because it facilitates access to a specific account based on the investor’s capital.
IQ Option Has a Platform That Revolutionizes Trading
IQ Option has its platform, which revolutionizes the way people trade in the market with any of the products it offers, whether it’s trading in Forex, CFDs, ETFs, or Binary Options. I highly recommend you open an account to trade with this Broker because it is excellent.
What is the minimum deposit amount at IQ Option?
This Broker is characterized by being very accessible to any trader. Its minimum deposit adapts to any budget, as it is just 10 units of the base accepted currencies, including US dollars and euros.
It is essential to note that depending on the amount of the first deposit, the account is automatically classified. If you do not make a deposit, it remains a demo account. If you make the first deposit between $10 and $2,999 USD/EUR, it becomes a real account, and if the deposit is greater than 3,000 currency units, it automatically becomes a VIP account. This is a great feature because it simplifies access to a specific account based on the investor’s capital.
Why Should I Invest My Money with IQ Option?
This Broker offers security that other investment platforms do not guarantee. That alone is more than enough reason to say it’s a good choice to open an account and invest in the market through their platform. Instead of registering with IQ Option, I recommend you create an account with the Binary Broker to trade Binary Options or Forex. Their platform is much more secure. Learn more about Binary here.
Investments at IQ Option are executed 100% online, as this Broker has its platform called the IQ Option client, which is quite good, and I assure you will like it. It is available for those who trade in Forex and those who use it for Binary Options.
How Long Does IQ Option Account Verification Take?
Remember that, for security reasons, you need to verify your account with this Broker. By that, I mean verifying your identity and address. To do that, you need to send a scan of a valid document such as your passport, ID, or driver’s license. For the address, a utility bill in your name or a bank statement would be sufficient.
IQ Option FX Options
As IQ Option itself states, FX Options are a new product that will shake up the binary market for regulated and non-regulated countries, in other words, for countries in America and Europe, excluding certain countries like the United States and Canada. These new Options revolutionize the way traditional Binary Options are viewed and allow customers to expand the number of financial products they trade in the market.
What Are FX Options?
As I mentioned earlier, these Options are derived from traditional ones, but apart from that, they are a new instrument that combines the traditional with the possibilities of Forex market trading. This new instrument currently allows the use of 14 currency pairs, which are the most popular in the market and represent something attractive for customers.
FX Options offer unlimited profits on successful trades. However, as the Broker states, this depends on the price change of the corresponding assets, and if a trader’s estimates are incorrect, the losses would be less than 100% of the total capital used.
Features of IQ Option FX Options
FX Options have features that you will like, allowing traders to open a position with an expiration time of one to five minutes. Additionally, traders can decide whether to close the position or keep it open until it matures completely.
Regarding the secondary features, this includes a total of fourteen different currency pairs for trading with this new product. These currency pairs are the most used and popular in the market. In this case, more may be added over time, given the product’s acceptance.
Furthermore, one important feature of FX Options is that when an investment transaction is not successful, the losses cannot exceed the initial investment capital. In other words, the amount of the initial investment.
Create your account now and start using IQ Option FX Options
I invite you to create an account with IQ Option from here and start using this new financial product offered by this entity. Test it out to see if you like it. Remember that due to the features mentioned earlier and those yet to come, it’s worth using IQ Option’s FX Options.
Don’t be Fooled by False Information about IQ Option
Remember that IQ Option is very safe and regulated only by the Cyprus Securities and Exchange Commission under license number 247/14. When you see information about this Broker, capital loss warnings must be included. If someone promises profitability, they are misleading you to get you to register.
Market investments involve risks of capital loss, something every investor must bear in mind. Every post recommending a Broker must contain the respective warnings, both for Forex and Binary Options, as it does in this publication, where I include the necessary warnings. I invite you to register with IQ Option from here.
My Opinion of IQ Option
As you can see, my opinion of this Broker is quite concise, yet it is comprehensive. Even though I don’t write an essay about the Broker’s benefits, I explain why it is safe and why it is worth trading with them.
My opinion of this Broker is 100% positive, and I assure you that you won’t have any issues with them. However, you must keep in mind that before depositing your money after creating an account, you need to verify your identity and address and then make the respective deposit. This is advice, but you can also deposit first and then verify your account without any problems.
IQ Option may be one of the Brokers you use to trade in the market. Some traders not only use a single Broker but several. In this respect, one of the Brokers you can use is this one. Remember that this company is regulated by the Cyprus Securities and Exchange Commission under license 247/14, ensuring that this Broker is safe and worth trading with.
Is it Worth Trading Forex with IQ Option?
The quality of the services offered by IQ Option is excellent, and even though it has only been offering Forex trading services since 2017, this Broker is worth it because it is safe, and you can trade with total confidence using its platform. As I mentioned before, this Broker offers the same account types for Binary and Forex, with the difference that the characteristics vary depending on what you want to do with your accounts.
CFD Stocks at IQ Option
The IQ Option Broker offers a trading instrument called “CFD Stocks.” These are used to trade on the market with contracts for differences on the stocks of the world’s most important companies, such as Google, Apple, Amazon, Facebook, Coca-Cola, McDonald’s, and many others.
CFD stocks allow people to access a greater number of products with which to trade through this Broker. This is genuinely beneficial.”