In the financial world, it is hard to find a good broker since there is a wide range of them. You have probably read a lot about frauds and scams that happen. IQ Option is a very popular trading platform, however, is it really worth investing in? In this article, you will be able to read about the conditions and facts about this trader.
What is IQ Option?
This company was founded in 2013 as a Binary Options Broker for everyone. One of the best things about this company is the low investments and flexible trading platform. There are more than 2 million trades performed on this platform. The broker wants to give the traders a platform that is all in one with a huge range of different financial products and assets. With a rising customer base, the pay rises too. In 2017, the company withdrew more than 11 million dollars each month.
How safe is this broker?
This broker uses the best banks for storing the client’s money and it is based in the European economic area. Of course, the broker money is separated from the client’s funds, hence this is a big advantage and it allows the company, as well as the client not to have a conflict of interest. Also, this company uses different encoding strategies in order to provide a safe platform for traders. When it comes to the trading account, it is safe as well. You will have the option to use the 2-factor authentication. After you log in to your account, you will receive a text message with your login code. The account will only be accessible if you use your smartphone.
Conditions and trade offer
There are more than 500 different assets on this website. You can trade them by using Binary Options or Forex/CFD. There are also trades in stocks, options, ETFs, and cryptocurrencies with the minimum amount of $1. One of the most traded products is the Binary Options. You will have the chance of choosing an expiry time which is between 30 seconds and at the end of the month. IQ Option allows traders to develop their own trading strategies and techniques. The profit gained from trading Binary Options is quite high when compared with other brokers. With a normal account, sometimes, you can even get a 95 percent return and with the VIP account, it will give you 5-20 percent more return. For a more accurate review of IQ Option, you can visit this website.
Is this trading platform as good as it looks and sounds?
This company offers a trading platform for browsers, computers, smartphones, and tablets. The platform is flexible, as well as customizable, hence you will be able to adjust it as you want. The goal of IQ Option is to make trading easy and simple for the users. Beginners will be able to get a hold of how it works in a few minutes. It is great because it offers various opportunities for people to invest in the financial markets and you will be able to gain access to a wide range of assets with a few clicks of your mouse.
How to trade Binary Options? Example: EUR/USD -95%
You should first predict the asset price direction for a certain expiry time and invest the amount of money you want. If you, for example, invest 100 dollars and make the right prediction, you will win the trade and get 195 dollars. This means that you will get the investment you made, which is 100 dollars and you will get a 95 dollar profit. It is quite easy to understand and you can practice it with a demo account that is offered.
This platform is interesting for experienced traders, as well as for beginners. IQ Option is not a trade, it is a reliable European broker for trading Binary Options, CFD, Forex, and more. It is also one of the most popular brokers in the world.