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Our detailed review includes a full run down of the trading platform, review of the mobile app, plus info on how to use the demo account effectively and tips on strategy and options. Join millions of other traders and login today. General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds.
You should never invest money that you cannot afford to lose Trading Platform To provide clients with access to financial markets and online trading, IQ option developed their own bespoke trading platform and range of instruments. This is a mechanism which allows trades to be kept open beyond the stop loss. Navigation is simple, traders can easily switch between assets and markets.
The customisable elements do make this one of the best trading platforms in the industry.
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The platform is available as a web-based hub, or alternatively, traders can download a version for either PC or Mac. The download is fractionally quicker. There is also the mobile platform.
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All the platforms are reliable, but the PC download has the quickest trade execution times. At present, there is no Metatrader 4 mt4 integration.
It is clear then, that the software is one of the most sophisticated trading platforms around in the binary industry, particularly the over the counter OTC brokers. Assets will only be available to trade when the relevant market is open, however. So many forex pairs are traded around the clock during binary option q opton week, but US stocks can only be traded when the NYSE is trading.
In addition, there are also various other tools such as a line drawing tool which traders can use to plot their own trends on the live charts. The latest updates also added a wealth of technical analysis features too.
HOW OUR PLATFORM WORKS
Multiple binary option q opton such as Bollinger bands, moving averages or relative strength index RSI can be laid over the chart. Nearly 20 different indicators are available.
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Perhaps one of the most useful features about the trading platform is the ability for traders to make multiple trades on the same graph.
This is especially useful when you want to employ more sophisticated trading strategies or trade signals. Turbo and Martingale strategies are easier to implement when you can monitor open positions on the same chart.
Forex And Crypto Products The newer products such as forex and cryptocurrency trading display slightly different options based on the market being traded. For example, the forex trades will bring up leverage and stop loss features. Assets such as Bitcoin or Ethereum, traded via contracts for difference, do not have an expiry time.
They do however, have a stop loss and take profit feature.
Regulation and fraud[ edit ] Further information: Securities fraud Many binary option "brokers" have been exposed as fraudulent operations. Manipulation of price data to cause customers to lose is common. Withdrawals are regularly stalled or refused by such operations; if a client has good reason to expect a payment, the operator will simply stop taking their phone calls.
The new forex offering also makes weekend trading possible. The look and feel remains the same throughout the trading range however, and all the relevant information is available to the trader. So a trader used to binaries can still feel at home if they want to trade forex. The mobile application has been delivered as a tailored product for each operating system, so the IQ Option Android app, has been developed solely for android devices.
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Likewise, the iOS app has been written with the iPhone or iPad in mind, and ensures it gets the most out of those devices. It is the sort of attention to detail that IQ are becoming known for.
They have redeveloped the iOS version to adhere to the new rules. Their ability to adapt to the changing investing landscape is reassuring. The new version includes forex and CFD trading — and cryptocurrency trades will also be available once released. The download buttons below will take you straight to Google Play or the App Store, and the most up to date version of the mobile trading app: Download the IQ Option App General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds.
The demo includes how users can amend the trading area to suit their own needs.
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It shows how to check the same price chart over more than one timeframe, how to add technical analysis overlays and how all this can improve trading results. While the video is not an out and out tutorial, it does deliver a full demo of the user experience, the new trading platform, and how it differs from other binary options broker platforms. The asset list is comprehensive, so traders can deploy their winning tricks across a range of markets.
Not ready to trade yet?
Dollar, Euro, Yen and Pound sterling still dominate the majority of forex trades and produce the bulk of trading volume. Previously specialising in short term expiries, IQ now offer many more options — including the popular End of day expiry, and longer term End of week and End of Month. Trader choice has never been greater.
Forex and CFD trades expand the user choice even further. Foreign exchange can be traded per pip in addition to binary trades and CFDs can be traded with no expiry for longer term trades.
The recent cryptocurrency expansion offers access to bitcoin and binary option q opton other cryptocurrencies, via contracts for difference — meaning no expiry. Forex multipliers are a feature that IQ Option added to provide a level of leverage.
The maximum multiplier now reaches an exciting x — but remember this impacts both profit and loss. So you can magnify your trade size by x to take advantage of even small moves in the currency markets. A cross between binary options limited expiry, limited risk and traditional forex profit depends on the underlying price movementFX Options will offer EU traders an alternative to binaries.
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The options allow traders to select their own strike price, and trade higher or lower from there. As a newly released product, IQ only provide hourly expiries at present.
The choice is likely to expand however, if the product is successful The screenshot above shows the possible strike levels on the right, alongside the trading buttons.
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