How to trade at IQ Option for beginners
IQ Option is an online trading platform offering products where the gains can go up to 900% in just 5 minutes. It’s interesting? Yes, it is. But it also has risks. Come with us to understand how it works and how to make gains and not losses!
IQ Option the Ultimate Trading Platform
- Online Platform to Binary Options, Forex, etc.
- Internationally regulated.
- Free Demo Account, Real Account, and VIP Account.
- Operates Worldwide.
- Allows deposits from $ 10.
- Minimum Trade from $ 1.
Here’s how we summarize IQ Option
|Regulating Entity||CySec – License 247/14|
|Customer Service Channels||Live Chat, Telephone and Email|
|Platform||IQ Option – Proprietary platform|
|Trading Channels||Web browser, Desktop, Mobile (APP available for Android, IOS, and PWA)|
|Account Types||Demo, Real, VIP|
|Demo Account||10.000 USD, free, unlimited, and rechargeable|
|Deposits||Visa, MasterCard, Skrill, Bank Transfer, Qiwi, WebMoney, CashU, iDeal, Fasapay.|
|Withdrawals||Visa, MasterCard, Skrill, Bank Transfer and E-Wallets|
|Total Assets||Options – 500 | Forex – 22 | Stocks – 35 | Indexes – 6 | Commodities – 1 | Total 564|
|Option Types||Binary High/Low, Binary Turbo (60, 120 and 180 seconds), Digital Options, Forex, and Crypto|
|Open Account||OPEN ACCOUNT|
Why we think about Binary Options when we talk about IQ Option?
Binary Options is a trading instrument that started to grow after the 2008 economic crisis in the USA.
This investment is betting on the prices of a certain asset with a certain expiration time.
When IQ Option appeared, its product was only Binary Options.
In order to understand how binary Options work, and how you can trade it, please read our complete review about Binary Options on the link below.
BINARY OPTIONS REVIEW
How does IQ Option work?
- First, you must create an account in the IQ Option.
- It is simple and free.
- Then choose the products you want to trade.
- Practice first in the demo account.
Is IQ Option reliable?
Yes, it is a regulated company with millions of customers around the world. It is the main online trading platform, with more clients’ growth and more international prizes.
To know more about the honesty of the company read: Is IQ Option Reliable?
Is IQ Option suited to everyone?
No. Not averyone is suited to trade on the financial markets.
Some people simply does not have the conditions to trade in any financial platform.
How to use the platform?
- iOS and Android
How to make money?
Practice on the demo account until you get consistent results. Then it is to work seriously and with discipline and will have positive results.
What are the best strategies for the platform?
There is no perfect strategy that never fails. There are several that well used, allow obtaining good gains. You must always learn your operation correctly and respect the rules when using any strategy.
One of the best strategies to win with IQ Option is the ITM. On the link below you can read about this strategy.
IQ Option Broker appeared in 2013.
Today, it is the main broker of the market and along with Olymp Trade, are the biggest brokers in the globe.
Although it’s not one of the oldest in the Binary Options market, it already has several awards in its history, such as “Most Innovative Brokerage of Binary Options” in the World ShowFX in Moscow.
Speaking of innovation, the broker has been launching new products since the beginning of 2017.
Registration and Login
It is very easy to register with the IQ Option. You can register at a desktop and negotiate directly in the browser or you can register directly on a mobile device and download the application and negotiate directly on your mobile phone.
How to register?
- Your email
- A password
- Choose the currency you want to use
- Click to register.
Platform main features:
- Simple and Intuitive
- Several Products
- Multi charts
- Totally customizable
- Desktop, Browser, PWA, Android, and iOS
The IQ Option platform is very simple and intuitive.
It was thought for those who are learning to negotiate, or for those who like simple things it is easy to understand.
The IQ Option platform was developed by the company itself so it is somewhat different from the other brokers that usually resort to companies that provide this type of software.
For this reason, the design and organization of the platform are unique.
Negotiation can be done on the web platform or you can download the platform for both Windows and iOS.
There is also an IQ Option platform for mobile devices, smartphones, and tablets through Android and iOS applications.
In order to make the platform and trading of Binary Options simple and light for users, the Broker decided to have only the basics, the most important.
Hence, personally, I consider myself to be ideal for someone that likes a simple and easy to understand platform.
One of the distinguishing features of this platform is the possibility that we can have several open operations in the same chart, which for certain strategies becomes an aid.
In the IQ Option platform, we can operate the various products that the brokerage offers.
However, in some countries, for regulatory purposes, the broker uses 2 smartphone applications. One for Binary operations and one for the remaining new products, the ones that appeared in 2017.
In the web platform, we can operate all the products offered by IQOption.
Another advantage that IQOption offers is the possibility that we can negotiate during the weekend when the markets are closed.
The transactions are in OTC mode (Over The Counter).
Only a portion of the assets and products offered can be negotiated over the weekend, but even so, it allows the customer to negotiate 24 hours a day, 7 days a week.
In terms of simplicity, graphics, and operation, it is one of the best platforms I know.
IQ Option has several learning tools of which the various videos organized by theme are of note.
To use the learning tools you just open a Demo account.
This broker offers a free Demo account to practice, something that is relatively rare among the regulated brokers and even rarer because a deposit is not required to open the Demo account.
There is also training specifically for IQ Option.
They do not offer deposit bonuses. Since the beginning of 2017, bonuses have been banned by the regulator. If you find information that says otherwise, it is either outdated or it’s another broker, usually one that is not regulated by CySEC.
- The demo account is a free account in with $10,000
- The training account is a good tool to try and test the platform without risking losing real money.
- The demo account should not be used as a basis for gains in a real account since there are differences between this account and a real account.
- The account can be recharged.
- The demo account is always active and we can always train on it, even after depositing into the real account.
- No deposit is required to use the demo account.
The demo account is funded by the broker with fake money so you can place fictitious trades for practice.
The demo account is useful for beginners to practice without the risk of losing money. However, they should not use the demo account as a basis of what they can earn in a real money account. There are many differences between trading in a demo and real money accounts.
The account has 10,000 USD to begin and can be funded again as many times as we want. It is always active even if we have a real money account with deposits and we can always use it to practice.
You don’t need to deposit to use the demo account.
I’m not a fan of demo accounts, except at an early stage to understand the platform or a product that we want to trade. As much as the broker says that the demo and real accounts are the same, the truth is that they are not. In the demo account, the prices have a delay because the trades (as expected) do not enter the market. This delay works in the customer’s favor, which is why it makes it much easier to profit in a demo account.
It is not by chance that we see many videos of “supposed traders” making a lot of money and selling their strategies in demo accounts and then in the real account, we never achieve the results they say they have.
In addition, it is necessary to understand that our emotions work differently when we use our money instead of play money. And that makes A BIG DIFFERENCE!
- Minimum deposit is 10$
- Minimum Trade is 1$
- Several methods to deposit
- Fast Deposit
- Withdraws are fast and usually by the same method used in the deposit.
The real account is an account that has a balance with real money.
You should only deposit after you have understood the risks of trading in a real account and after having practiced so you are familiar with the platform and products that the broker offers.
Learning is advised. The broker has some material, but in reality, if you want to succeed you have to look for a training program.
There are several training programs, including programs specifically for IQ Option. We have training programs for IQ Option.
You can select ours or look for others, but follow my advice.
Look for a good training program and do it, without the proper knowledge you will lose money, believe me!
To deposit money into the real account you must use the available methods. The table at the bottom of this article explains which methods you can use.
The minimum deposit amount in a real account is $10. The minimum transaction amount in the real account is $1.
The VIP account is a real account, but with some differences from normal real accounts.
Among other things the VIP account offers:
- A greater percentage of profit in trades, thus returning a higher profit in each trade. This is important for those who trade with large amounts. A 10% difference per trade at the end of the month makes a huge difference in profits.
- Higher betting limits and faster withdrawals.
- A VIP personal assistant that helps you and gives you more effective support.
- Personal Training with access to VIP training material.
- Free participation in some Tournaments. Tournaments are limited in some countries.
- Support 24/7.
For your account to be VIP you only have to deposit a value above 3,000 USD.
How to Deposit?
The ways of depositing in the IQ Option are varied and the deposit is quick and safe.
The most common methods for depositing are electronic payments, but also the cards and the ticket are good alternatives:
- Bank Transfer
- Visa or Mastercard Credit Cards
- Electronic Payments
The withdrawals must be made by the same method that the deposit was made.
Both deposits and withdrawals are fast.
Depending on the account type and withdrawal method, the withdrawal time is usually up to 3 business days.
In case the withdrawal is done by bank transfer the fees are high.
The ideal is to use a card or electronic payment because it does not pay withdrawal fees.
It is simple to become a referral, contact us using Chat, leave a comment below.
Below is a list of the most common issues:
1 – I can’t register
If you are unable to register, you are probably either entering an invalid email address or an invalid password.
It may also happen that you already had an old account with the same email and you do not remember.
You may still be using an IP from a country where the company does not operate, and therefore cannot register.
Imagine you are in the UK but you are using an American IP (because you are at work and your company uses a server in the USA with their IP).
You will not be able to register because for IQ Option you are in the United States and cannot register there.
If you are a minor you will not be able to register either, as only those over 18 can register.
2 – I can’t log in or sign in to the Site or App
To login into the platform, you must use the same email and password you provided at the time of registration.
If you do not remember you can request password recovery.
If you don’t remember the email, you should talk to the platform support.
3 – The Platform Does Not Work
It may happen that the IQOption platform is down because they are updating. It is rare, but it can happen.
You may also have a problem with your internet connection.
Remember you must have an internet connection to access the IQOPtion platform.
Try another app or try signing in on another device.
If you can’t, talk to the brokerage support.
4 – I can’t verify my IQ Option account
To verify your account you must submit a valid ID and that the image is of good quality.
You must also send proof of address. This proof of address must be less than 6 months old.
Can use the invoice for electricity, water, gas, etc. If you don’t have it you can use a bank statement.
In case of a deposit by credit card, you have to send a copy of the credit card.
5 – I can’t withdraw my profits
Usually, the problem with IQOption withdrawals has to do with the unverified account.
Verify the account as explained in the steps above.
Another situation that can happen is to be a problem with your withdrawal method.
The credit card may have expired or may not be in your name.
You may have used a method that does not work anymore and now to withdraw profits you need to give your bank account details.
6 – I can’t deposit on my account
Make sure the method you want to use is valid.
If you want a credit card, you must know that it must have international transfers enabled, if you are not active you must ask your bank that issued the card to release international transfers.
Also, see if you are not trying to deposit over the limit of your card or e-wallet.
See if you have filled in all the details correctly, sometimes we are trying to deposit with Visa and our card is Mastercard.
7 – My account has been blocked
An account to get blocked in IQ Option is because we usually made some irregularity.
If for example, we have more than one account.
If we give account access to another person who is trading for us, it is also illegal.
If we are depositing with cards that are not ours.
If we used false data (identification, etc.).
Or if we use robots to trade on our account, it is also a reason for the account to be blocked.
Ideally, do not commit any illegality that usually everything works fine.
8 – I can’t set up my strategy in the Trading App
You need to know that lightweight mobile apps don’t have all the indicators and tools that exist in the desktop app.
The most complete mobile app is PWA. Try downloading and see if your strategy can set it up. In this article, there is a link to download a PWA App.
9 – I cannot change the currency of my account
The currency cannot be changed.
If you chose, for example, Dollar and wanted to change to the Euro, know that it is not possible.
The only solution is to close the account you have and open a new one.
At the registration, you have to choose the currency you wish to use and you will not be able to change later.
10 – My deposit did not arrive on my account
Most deposit methods, such as credit cards or wallets, are very fast.
In 1 minute or less, normally the funds are on our account.
If this does not happen then something wrong has happened.
However, some deposit methods may take up to 48 working hours.
Advantages and Disadvantages
This is a different broker. It has some PROS and CONS relative to the older and more conventional brokers.
- Free IQ Option training programs
- A minimum deposit of $10.
- The minimum trade of only $1. This is a characteristic that I think is important for those entering the binary options market.
- Tournaments with cash prizes. Some are free, others paid, but all of them have prizes and are ongoing. Some are daily, some are monthly, and others have special time-frames.
- A demo account totally free.
- One of the best platforms on the market.
- Regulation in Europe.
- You can find several strategies like the Special Strategy article and can be used in the IQ Option System.
- Little variety of assets.
- Limited binary options contracts to trade.
- At certain times we can have pay-outs of 85%(*) while at other times 40%(*) for the same asset.
- Bank transfers have a 50 USD withdrawal fee.
Here’s how we summarize IQ Option
- IQ Option is a good choice for anyone who wants to begin trading.
- It offers an excellent platform.
- Offers low deposits starting at $10 and trades starting at $1.
- It has a demo account and lots of different products that you can trade.
- IQ Option offers several products.
- It is regulated.
- Operates in 200 countries.
- It has more than 35 million clients.
Also, important to mention the competition that IQ Option has nowadays. After they appeared on the market with some pioneering characteristics, shaping this market into what we know today, other brokers emerged but usually copying its operating model. We can mention Olymp Trade, Binomo, and Pocket Option.
Those 3 are, together with IQ Option the biggest brokers and most of their key features end up being a copy from IQ Option (platform, minimum deposit, minimum trade, etc).
And when a company becomes the standard in the market it means a lot. This is a good representation of what this company has achieved in the world of trading.
References and more information about IQ Option
– Binary Options (Investopedia – Cory Mitchell, 2017)
– IQ Option Sponsors Aston Martin Racing: (express.co.uk, 2015)
– IQ Option Sponsors Mobile News Awars: (Management today, 2017)
– IQ Option and Binary Options: (Huffingtonpost – Shihab S Joi, 2017)
– IQ Option and the Regulador (Finance Magnates – Victor Golovtchenko, 2016)
FAQs and Most Common Questions:
What is IQ Option?
IQ Option is an international trading company that offers the possibility to trade in several products such as Binary Options, Cryptocurrency and Forex.
Is IQ Option reliable?
Yes, they are regulated and have millions of customers trading since 2013, so IQ Option is trustworthy.
How can I register an account?
You just need to fill up a short form with your email and the desired password. After registering and validating your account with the link they sent to your email, you have access to the platform by using the same email and password.
How to deposit and what is the minimum amount?
You can use several ways to fund your account, making a deposit with Bank transfer, credit cards or e-wallets such as skrill or neteller. The minimum deposit is 10$.