How Does IQ Option Work?

Everything IQ Option has to offer

Broker Overview

IQ Option is a simple broker to unpack. From a trading perspective, it offers forex, cryptocurrencies, stocks, commodities, ETFs, and indices as binary options or as Contract for Differences (CFDs). Once you open a trading account, which doesn’t require any verification upfront, you can check these instruments out and plan a trading strategy.

If you are not an experienced trader, IQ Option still has value to you. You can also practice using the demo account; there is no expiration concern. Even though I knew how to trade, I took the IQ Option demo account for a spin and found it very useful.

Broker overview with key traits

Furthermore, IQ Option has a beefy affiliate program, an exhaustive FAQ section to quell user concerns and a decent app presence. Now, let me shed some light on how each section of IQ Option works.

Sign up with IQ Option and see how it works for yourself

Trading

IQ Option’s trading interface is light and minimalist. To access it, you simply need to sign up and log in. This opens a dashboard, which either lets you deposit funds for real trading or takes you to the demo trading account.

Regarding actual trading support, you can choose from a wide range of trading instruments — forex, stocks, and more.

For Options, you can pick from digital and binary options to trade. The idea is to predict if the asset’s price will increase or dip from your entry point. You can even choose the expiration time, determining the payout percentage.

Access to indicators and tools

The Concept of Payout

Payout is the concept using which IQ Option earns. It is a percentage, anywhere between 60 to 85, depending on your trading instrument. Here is how it works:

Imagine placing a trade of $100, expecting the price of the EUR/JPY pair to go higher. And it goes higher within the timeframe. If the payout is 82%, you get $82 and the $100 you invested in the first place. $18 is with the IQ Option. This is how it works.

Payout percentage on Binary Options

However, the payout thing only works for Options. For CFDs, you place Buy and Sell orders and close positions just like you would for a standard order.

For a standard CFD trade, you can take care of the unit size and margin by factoring in the leverage and then focus on placing a market or even a limit order. Everything feels similar to placing a spot order.

Another aspect of trading on IQ Option is the availability of charts and indicators. You can implement charts, graphical elements, and more to time the market perfectly. The IQ Option interface makes every trading strategy — using momentum, trendlines, breakouts, or anything else — possible.

Learning

Another element of IQ Option’s functioning is the availability of learning-focused resources. These resources aren’t restricted to the demo account. I could locate a handful of other options, including a dedicated Tutorial section with videos specific to margin trading, contracts trading, and more.

Another noticeable good thing was the availability of a packed FAQ section explaining deposits and withdrawals to the users. These FAQs ensure the shortest possible learning curve for anyone planning to onboard IQ Option.

Furthermore, the learning component of IQ Option keeps expanding as traders also have the “market analysis” section to work with. This section provides specific market insights, including the earnings calendar, economic calendar, and stock or instrument-specific news bits.

Trading community, leaderboards, and more

Practicing

Well, I have to discuss the demo account in detail. It is probably the best IQ Option feature, boasting several traits:

• A refillable virtual cash stash of $10,000
• Access to all trading indicators and instruments
• Live trading prices with no lag whatsoever
• The ability to check leaderboards

Access to a feature-packed demo account

• The one-click transition from demo to the real-trading account
• Also includes the Market Analysis section

Impressed already! Create a demo account and test out the IQ Option platform right away.

Passive Earning

IQ Option is one of the leading forex and Binary Options brokers in terms of referral earnings. For instance, you can enjoy revenue-sharing payouts of up to 80% and one-time CPA payments of $1200 per user, depending on your social media following.

IQ Option affiliate program

Apart from learning and trading, this third leg of money-making makes IQ Option a complete broker.

Create an IQ Option account to get a lead on the affiliate program and relevant earning opportunities.

Security Standards

IQ Option isn’t just an earnings-focused broker. Instead, it has several safety, regulatory, and security standards. Some of the most critical ones include:

• Regulatory clarity and oversight courtesy of CySEC
• SSL encryption to product user data and funds
• The ability to set two-factor authentication
• Stringent account verification measures
• Negative balance protection
• Client fund segregation
• Strict verification standards before initiating deposits and withdrawals

The ability to use a made-up name

These security and privacy-enhancing measures add another layer of credibility to IQ Option. If you are unsure about CySEC, it stands for the Cyprus Securities and Exchange Commission, which regulates IQ Option.

Comparing IQ Option with Other Brokers

Still on the fence about installing and using the IQ Option. Here is a quick table that helps you differentiate it from other brokers like Pocket Option, Nadex, and more:

Here’s a comparative table of IQ Option with some other prominent binary options brokers based on various operational features:

Round-the-clock support system

Sign up to learn more about the ways of IQ Option

How to Make the Most of IQ Option

I tested IQ Option for over six months, only to handpick a few strategic moves to make the most of this Binary Options broker. Here are the lesser-known strategies to focus on:

• Consider utilizing price alerts if you are a trader.
• Always use a combination of indicators if you are timing the market.
• Use the OTC markets to access sentiment-free trading picks over weekends.
• Sector analysis, in the market analysis section, is crucial for securing winning trades.
• Always use historical data for backtesting the strategies, using the demo account.
• Keep track of risk management strategies while trading CFDs, using TP and SL orders.
• If you are a regular trader, consider using the IQ Option mobile app.

OTC trades for weekend trading

Install the IQ Option app to take your trading tools to the go!

Final Thoughts

Even though IQ Option works like any other Binary Options broker, it packs a minimal and easy-to-navigate interface, making it one of the better global picks.

While there are plenty of trading and learning-specific tools, its extensive selection of deposit and withdrawal methods, followed by a rewarding affiliate program, ensures that it works in the best interest of money-minded traders.