One of the hardest things to do when it comes to trading binary options is to pick a site to trade them on. There are literally hundreds of choices out there depending on where you live. Today we will take a look at an innovative and progressive binary options broker called IQ Option. IQ Option first came onto the scene in and has gained a steady amount of investors since then. When we checked online we found the site gets very favorable reviews and is generally well thought of by those that have traded with them.
The site definitely caught our attention when we discovered how much those that traded with them highly regarded this web broker. Here is our review of what we feel is a very well done and worthy site to trade binary options on. We will walk you through everything from the signup to the site right on through to placing trades and customer support.
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. Since its launch in , IQ Option has been at the forefront of developing innovative technologies in the binary options trading industry. It was the first Russian broker in the sector, and the team behind it used their expertise to create new and effective features that make the platform easier to use.
The IQ Option mobile app is one of the best mobile apps from any binary options broker. It is extremely user-friendly. In fact, with most apps, you have to be an experienced trader who has a deep understanding of the intricacies of the market and the technical jargon used.
Not the IQ Option app though. The app simplifies the process of trading binary options, and many traders prefer using it over the desktop website. It has a comprehensive range of features, so you can do everything you need to successfully trade binary options or forex. There are a few different indicators available in the mobile application. All the graphs are easy to read and have an incredible level of detail, particularly when you pinch the screen to zoom in.
Placing a trade takes a couple of simple taps. It has a modern interface, and everything loads fast. If you have used one of those, you will quickly get the hang of the IQ Option app. Just like in sports betting, it is all about making an accurate forecast. There is risk involved too— you will lose your money when your predictions are wrong. The app is secure, so your money and personal data are safe.
It also offers good notifications, so you can get involved in tournaments and check price trends as they are happening. The reality is that most traders do use desktops when trading, but mobile is a growing market for the industry.
This is the reason why forward-thinking operators like IQ Options are investing in their mobile offering, so they can give users a better level of service. This sort of innovation is why so many traders choose to use IQ Option to invest their money. The landing page for signing up to the site is very straightforward and easy to understand and that was echoed in the actual signup process to access the website.
We just had to fill out a simple form, verify our identity by providing some information to gain access to use the broker for placing binary options trades. IQ Option was very similar to other web brokers we have signed up with and we found it a very simple process to get done. That is just about the lowest deposit we have ever seen to enter into trading with a web broker. We invested a little more than that because we wanted to see how well their worked but so far we were not turned off at all by the signup process and were looking forward to seeing what else they did right with their brokerage website.
IQ Option likes to keep it simple and treat everyone fairly no matter how much they invest so there are only two different account levels on the website Here is what each has to offer:. IQ Option offers a number of different accounts that you can sign up for. Which one you chose depends on your objectives and the amount of money you want to allocate to binary options trading. Your account will give you access to over assets that you can place trades on.
All trading features are included with this account, so you can make substantial profits if you make the correct price predictions. This includes a personal account manager who will help you make the most of your account. A number of options are available for depositing money into your account.
It is always best to base your trading pattern on what is happening in the market and your current financial position. Everyone has to go through a learning curve, and that will mean some losses. It is much easier to deal with small losses than large ones when testing out a new trading platform.
IQ Option has won lots of awards you can find rest of them on their website. Luckily the withdrawal process at IQ Option is simple and safe. Before you make your first withdrawal you will have to confirm your identity with IQ Option. This is to help protect the platform against fraud and to keep it compliant with money laundering legislation.
To process a withdrawal, you have to specify the amount, payment method, and currency. All account holders can expect their withdrawal requests to be processed in one working day. IQ Option is one of the most popular binary options trading platforms in the world, but it is still important to investigate its trustworthiness. This is important to all traders because of the nature of the market.
There are two things we have considered when looking at IQ Option — its own policies and its regulation status. In fact, from the policies that we have read, they offer levels of protection for their customers that are significantly higher than the requirements of the regulator.
All of the policies are easy to understand and comply with and are designed to protect everyone involved. This includes actions to prevent money laundering and ensure traders are properly identified. When you are just starting out at IQ Option, the steps you have to go through can seem a bit onerous. For example, you may have to provide documentation that proves your identity. When you understand that this is for your protection, you will appreciate why it is done. It also helps maintain the reputation of IQ Option.
We have been telling you all along that IQ Option is among the most innovative websites that we have ever come across. How do we know this to be true? Their free demo account helps those that trade with them learn how to operate the trading platform and it also teaches them the finer points of binary options trading before they enter the actual trading platform and start risking real money. Demo accounts offer site users an introduction to binary options trading for sure.
The excellent and innovative learning tools do not stop with the free demo account either. It is just another way to get ahead in the binary options trading market; the website truly believes that a well-educated binary options trader has a better chance of being a successful binary options trader.
There are additional learning tools such as instructional videos and tutorials. So whether you consider yourself a seasoned binary options trading veteran or not, you will find something useful in their abundant learning section. To be a successful binary options trader you must have a trading pattern. With IQ Option, you can develop a trading pattern and optimize it as you have access to a range of resources and educational tools. You can access most of the tools directly from your dashboard on the trading platform.
The visual display is easy to understand. You can see trends, plus there is technical analysis information available as well. The educational resources cover a vast range of topics. They are also free to use, which is always a benefit to new binary options traders. There are options designed for all kinds of tastes.
The resources available include videos and tutorials. Some examples are below. This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
Examples of the binary options trading strategies that IQ Option offers are outlined in brief below. This will help you decide where best to focus your time first. Before going into those strategies, it is important to understand some basic tools of investing:.
Simply understanding these analysis tools and getting practice using them might help a trader understand an asset price movement better. To make it work you need to identify an asset that has several candlesticks in a row that are all showing a price movement in one direction — either up or down. Then you have to wait for this to reverse. You will know this is happening when you see three falling price candlesticks in a row.
This is an indicator that the trend is reversing and gives you a signal that can be used to make a trade. In this trading pattern, the price trend of the asset is not relevant. Instead, you look at the trend lines mentioned above. What you should look for specifically is a closing price the is just below the resistance level the upper line or just above the support level the lower line. In this situation, it is much more likely the price will move away from the line than go through it, breaking the trend.
Therefore, you can use this as information to place a PUT trade if the price closes just before the resistance level and a CALL trade if the price closes just above the support level. It works by simultaneously using exponential averages. There are three of them, all with different periods.
On the chart of your selected asset you have to mark in blue the first line you see with a period of six. Mark in yellow the second line that has a period of 14, and mark in red the third line that has a period of The best time to place a binary options trade a PUT trade is when the blue and yellow lines intersect.More...