What is IQ Option?
IQ Option is one of the largest and leading online brokers and providers of forex trading and CFD’s platforms. In addition, it has launched the new Hodly wallet and will soon provide its own cryptocurrency exchange.
IQ Option has developed a reputation of professionalism and excellent customer service, while constantly offering new instruments with which to diversify your portfolio. If you are interested in trading forex, CFD’s or cryptocurrencies, opening an account with IQ Option is your best choice. (Risk Warning: Your capital may be at risk. Read more about the risk factor below)
How does IQ Option work?
IQ Option is divided into two divisions because of regulatory obligations. European clients’ accounts are managed by IQ Option Europe Ltd., a corporation that is fully regulated by the Cyprus Security Commission (CySEC). Strict demands by CySEC aim to guarantee the safety of trader’s deposits. IQ Option was one of the first firms to obtain such status and it is a demonstration of its legitimacy and transparency in handling your money with total dedication.
Users who reside outside of Europe are managed by IQ Option Ltd, registered in Sychelles and operating with the same devotion to clients. Since proper regulation for Forex and CFD trading does not exist outside of Europe, this branch of the IQ Option conglomerate is not under any regulatory umbrella.
Although both companies operate the same trading platforms, small changes exist in order to offer the largest variety of investment options and safe trading to each group of clients.
What are CFD’s
IQ Option offers both Forex trades and Contracts for Difference, or CFD’s. Both these financial derivatives are based on leverage. The client is able to trade with an amount several times larger that the value invested initially. While the leverage enables the client to operate with bigger sums and potentially earn more, it also exposes positions to market volatility and therefore these are considered high risk investments.
IQ Option offers cryptocurrencies as part of their asset list. This allow users to participate in the cryptocurrency market through CFD’s without having to buy actual digital coins. Nonetheless, CFD’s of any kind are complex investment tools and caution is always required when trading with leveraged positions.
The Hodly Wallet
A new and exciting chapter in the IQ Option legacy of excellence is the full development of this corporation into a major force in the cryptocurrency market. It is currently preparing the launch of its cryptocurrency exchange, which will allow you to trade multiple digital coins in real time.
A crypto wallet has already been launched, one that will help you manage your cryptocurrencies efficiently and securely. Hodly, the IQ Option wallet, is secured by multiple passwords and stored offline to guarantee that no hacks can be attempted. Hodly offers charts, price ranges and the possibility to easily purchase coins with your credit card. Read our full Hodly wallet review
IQ Option Review – Advantages and limitations
Here are a few of the advantages offered by IQ Option:
- Very low minimum value for opening an account. You can start trading with as little as $10
- Free Demo account. Will allow you to better understand the trading platform structure and options before committing any real money
- 24/7 Support – IQ Option offers you customer service support 24 hours a day, seven days a week
- Easy purchase – Credit cards and debit cards are accepted, allowing you to open your account within minutes
- Multiple Cryptocurrencies – With IQ Option you can choose to trade with bitcoins, ethereum, litecoin and several other digital currencies
IQ Option opens the doors for a dynamic and sophisticated financial tool that can help you diversify your investments and leverage your funds. It does so while maintaining the highest level of services and security.
Risks and Benefits
The clearest benefit for opening an account with IQ Option, upon review of its trading platform, chart, asset list and services, is the quality of services offered. This is a top-notch firm that is committed to serving you at the highest level.
Another obvious benefit of trading in Forex, CFD and Cryptocoins is the potential for high return rates offered by such financial derivatives. These are some of the highest yielding investments available for traders in world markets today.
Yet, it is very important to note that the gain potential is equal to the risk involved. The higher the return on investment, the higher is the risk involved in such trade. Forex and CFD are complex and require knowledge of financial markets, trends and dedication. Cryptocoins, highlighted by bitcoin, have shown huge volatility as prices soar and plummet with equally impressive fashion.
It is important to understand the laws and formulas that govern these type of trades so as to not have false expectations of unrealistic gains. Obviously an investment offering such yields can potentially be very profitable, yet at the same time the risk of loss of all or part of the sums traded is also very real.
IQ Option review conclusions
- IQ Option is a leader in the Forex and Cryptocurrency markets.
- Two separate divisions of IQ Option offer services to European and World clients.
- Regulation for Forex and CFD trading exists only in Europe.
- IQ Option offers a practice account that helps you build strategies and become acquainted with the trading platform.
- You can open an account now with as little as $10 and enjoy IQ Option’s services today.
- Such type of trades involve risk and should be treated with caution