People can now trade without the need for brokers. There are lots of software and platforms available today for a person who wants to trade stocks and assets on the internet. If you are one of the people who is starting to invest in the stock market, you might have heard about a trading platform called IQ option.
IQ option is a platform that allows trading of forex, cryptocurrencies, commodities, stocks, ETFs, and a lot more in the stock market. There are lots of videos, tutorials, and demos that show how the platform works. If you are looking to start with an amount that is as low as $10, then this is the perfect platform for you. Here are some of the other facts about this platform that you may want to check out.
What You Need to Know about IQ Option
1. Deposit for as Low as $10
This $10 can grow in about 10 minutes if you know how to time the market. In the platform, you can put or call the full $10, and see if it will grow in under a minute. If you look at it in a different angle, $10 is a very reasonable amount to test IQ option’s platform and see if it works for you. Other platforms will require a minimum of $50 to $100 in order for you to start investing,
2. Fast Put or Call Decision is Necessary
The outcomes in this platform can be too predictable. You should be able to know when it is time to put or call your money for faster gains. When it comes to IQ option, there is about $7,000 of coverage for every minute. The real market makers can cover a potential discrepancy if the winning side invested less than the losing side.
3. Withdraw Money on Same Bank Account
To avoid confusion, you can only withdraw money to a bank account where you made a deposit. An example is an initial deposit that was made from your European Central bank account. You lost the money due to the market’s fluctuations. You deposit again using Skrill. If you have any earnings, you won’t be able to withdraw it to your EU savings account.
4. Indefinite Use of Demo
Before you actually start becoming an investor, they will offer you helpful videos. You can sign up for a free demo account just to test the waters in general. You can have a free demo account of up to $10,000 for practice. If you are already a seasoned trader and you are looking for a new platform where you can grow your investments, then IQ option is a great choice for you. You can go to sites that offer an IQ Option review to know more about the free demos.
Why Choose IQ Option
The company was founded in 2013 and it is currently one of the fastest growing platforms when it comes to trading. There are over 20 million accounts that currently trade in different binary options, foreign exchange, cryptocurrencies and stocks in the stock market. The Cyprus Securities and Exchange Commission or CySec regulates the platform and anyone who is in the EU can use IQ option to trade. They are under jurisdiction to sell, trade, and exchange products to their clients.
Various Options with IQ Option
Initially, the company only caters binary options. Now, they have expanded to accommodate the growing world of the stock market. A lot of customers can now trade with Cryptocurrencies, Forex, Exchange Traded Funds, and Contract for Difference (CFDs).
Cryptocurrencies – The platform currently caters to top cryptocurrencies. You can trade with Bitcoins, Litecoin, Ethereum, Dash, IOTA, Monero, Ripple, and Omisego at IQ option.
Forex – This is a very popular trading market. The platform caters to more than 180 currencies from different countries for trading.
ETFs – This is gaining popularity nowadays because you can track indexes, asset baskets, and commodities with ETFs. This is traded in the same way as you trade stock.
CFD – CFD on stocks are one of the most popular options in the stock market. By using IQ option, you can gain access to over 7,000 companies that are listed on the New York Stock Exchange and NASDAQ.
A Final Word
Before you start trading, it is important to read first through the basics. You can try to read reviews online and start a trial account first. Keep in mind that risk is part of the game. If you don’t take the risk, you won’t be able to have substantial gains. Any trading platforms can help you earn money if you are an educated investor. You can connect with an expert to help you navigate through the platform if you are still new in the world of investing.
1 thought on “An IQ Option Review – What You Need to Know about this Platform”
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