How Does IQ Option Work? Definition, Features, Security of a Leading Binary Options Broker
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Although considered a relatively new trading platform which caters mostly to investors who want to realize returns within short periods of time, binary options have been around for quite some time. These options provide traders with payouts that come either in the form of a fixed amount or nothing at all. Their capability to quickly reward investors has made these options very popular among traders.
In this article, we will focus on binary options broker IQ Option. We will discuss how the trader works, its notable features, pricing, benefits and how you can make your investment profitable from enlisting its assistance.
But first, let’s explain the basics of binary options.
Binary options have two basic types–the high-low and the asset-or-nothing type options. The former is the most general option, having a specific expiry date/time, along with a strike price. Under this type, traders get a fixed return upon the option’s expiry. With the latter, investors are paid based on the underlying security’s total value. In some cases, binary options are mixed with other instruments to earn higher yields.
Source: TorontoExchange
To invest in binary options is essentially to bet on whether the stock or commodity price will rise or decline either above or below the strike price by the time an option expires. For transparency purposes, brokers commonly disclose the strike price, expiry, payout and risks associated with an option.
Such are the basics of binary options investing, but more importantly, an investor should enlist the services of a binary options broker in order to profit from such investment. These brokers are more than capable of analyzing trends that more often than not lead to sound investment decisions. There are many binary options brokers out there who are willing to provide investors with the assistance they need in navigating the market.
What is IQ Option?
Although a considerably new player in the binary options market, IQ Option binary broker is known for striving to improve itself by always being on the lookout for new binary options technologies. The platform makes use of both a desktop solution and a mobile app in helping investors analyze markets and realize profits in the process. It prides itself for ease-of-use, making binary options trading a simple task. So how does IQ Option work? We will seek to answer this question in the following section.
Signing up for the service is a breeze, all you have to do is fill out a form and provide identity information. What’s amazing about IQ Option is that only a minimum deposit of $10 is required, way cheaper than any other binary options broker. What’s even better is that depositing money is easy, with a variety of methods available to investors. Upon completion of the registration process, the broker will start sending you emails that are meant to help you to learn more about binary options trading.
So how does IQ Option work? The broker has two account levels, Real Account and VIP Account. With Real Account, you get to have access to trading opportunities and can participate in tournaments and quick withdrawals. The VIP Account, on the other hand, allows the use of real money to trade while getting to have your very own personal manager. All these on top of all Real Account features. Another nifty feature of the solution is its favorite assets section. Using this functionality, you can select your favorite assets and allow them to be displayed every time you login. No need to look for them, just login and trade right away.
The software’s interface is pleasant to the eyes and needs but a few seconds to load needed tools. It provides users with easy to understand graphs and has a zoom in functionality that you can use simply by pinching the screen. All it takes is a couple of taps to place a trade. The platform is highly-customizable, enabling users to add indicators, trend lines and other critical data. This downloadable solution supports both Android and iOS devices.
Mobile App
The service has its own native mobile application, which pushes binary options trading to new heights. The mobile app is perhaps among the best in the market owing to its ease-of-use and great graphics. It is likewise fast, making it popular among most traders as opposed to the desktop version. The app is ideal for traders who are always on the go, allowing them to trade on the fly, anytime, anywhere. It has notable security features, among which is the ability to allow users to login using their fingerprints or if they prefer, through their Facebook or Google accounts. The app sports all desktop features in a simple yet mobile dashboard.
VIP account
If you are a small trader you are most likely to have a standard binary options account. It simply means that although you are an active trader, your total deposits does not go well over $3,000. In the event that you accumulate deposits in excess of this value, IQ Option will assign you a VIP account.
A VIP account entails many benefits to traders. In general, such account is a high-yield asset whose profits could reach as much as 91%. What’s good about this type of account is that it is accompanied by an Educational Section, which will teach you all about money management, indicators and other valuable lessons in binary options trading.
Binary Options Tournaments
IQ Option’s Binary Options Tournaments is a feature unique to the platform. What sets it apart from tournaments being offered by other binary options traders is that it is the most sophisticated one around. All you have to do to enter into a tournament is pay an entry fee which ranges from $5 to $20. Upon entry, you will be provided with virtual money to be used in the tournament. Individual tournaments have different durations, which could last anywhere from a day to a month. Your goal as participant is to make as much profits as you can. The trader with the most profits wins the tournament.
Trading Patterns
To further lead investors to the path of profitability, the service has developed a tool called IQ Option trading patterns. This feature, which can be accessed through the service’s website, can greatly affect the outcome of your investment. IQ Option trading patterns offers video tutorials on just about every trading pattern there is. It will teach you all about using such patterns in just a short time. The tool is quite accessible as it is located just beside the trading platform.
Security
So you want to invest in binary options but are afraid of security risks? This is no problem for IQ Option, which ensures that your money and personal data are secure at all times. Such is further improved by the fact that the platform is regulated by the Cyprus Securities and Exchange Commission. If you want to give the service a try first, the vendor provides a demo trading mode.
The IQ Option demo account can be accessed within seconds, all is needed is to login with a Facebook account and you can commence trading immediately. Because the demo account is meant to teach you about binary options trading, profits are limited to 50 to 60%, a bit limited for those who are used to high gains. However, it is more than enough if you just want to test the platform.
How to Trade?
As one of the most advanced and efficient binary options trading platforms in the market, IQ Option has basically made a game out of binary options trading. The broker highlights every wining trade, directly notifying users through its page. Such notifications come with sound alerts and graphs. To be able to start trading, you must make a minimum investment of $1 from a minimum deposit of $10, undoubtedly one of the lowest rates out there. If you are one of those who want to trade big, you can invest up to $5,000. The broker caters to international users, supporting languages like English, Russian, Turkish, German and Chinese, among many others. Customer support is quite excellent, which come in the form of email, live chat and tickets.
Despite all these benefits, you should keep in mind that even as trading is meant to rake in profits, you could also lose money from doing so, and the broker is no exception. IQ Option’s financial products still involve high risk, which is why the broker issues a risk warning to all traders.
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