Is forex trading possible with IQ Option and what framework conditions does the broker offer its customers? We want to deal with these questions in the following article and also explain to you whether IQ Option MetaTrader 4 trading is permitted. Find out everything important about the broker's offer and find out what you can expect from the broker.
Quick facts about trading at IQ Option
- Forex trading possible at IQ Option
- Currency pairs as underlyings also tradable for digital options
- All major currencies are available
- Additional shares, indices and commodities tradable
- Trading possible from one euro
- minimum deposit from 10 EUR / USD / GBP
- maximum leverage 1: 300
- spreads from 2 pips with majors
- powerful trading Application with extensive analysis functions
- Unlimited demo account
Trade binary options with the test winner IQ Option
Is Forex Trading possible with IQ Option?
As we have been able to find out, IQ Option Forex trading has recently been launched. The options broker specializes in binary options trading and for a long time only offered tradable values in this area. But now there is a possibility to trade currency pairs in the form of underlyings and direct forex trading. All in all, at IQ Option you can find a good selection of assets that are available for binary options and forex.
For example, you can find pairs at IQ Option Forex and next to the so-called majors Major currencies like EUR, USD, JPY and CHF. Minors such as USD / NOK, NZD / USD are also available. Furthermore, IQ Option can trade stocks of large national and international companies or the most important global indices such as DAX, FTSE 100 or S&P 500. As far as raw materials are concerned, you can trade values such as gold or silver. Also because direct IQ Option Forex trading is possible, there are plenty of currency pairs available and those who prefer these instruments will be happy about the offer.
In addition, IQ Option also offers trading in six different cryptocurrencies. The offer includes current Bitcoin, Ethereum, Litecoin, Dash, IOTA and Ripple. With this, the company also offers numerous interesting investment opportunities and a large number of cryptocurrencies in the area of digital currencies, which prospective buyers have to search comparatively extensively from most other providers.
With 188 currency pairs, IQ Option offers Forex in terms of diversity on one level that is rarely reached even by the best forex brokers. There is no lack of choice in IQ Option. Instead, the previous binary options specialist knows exactly what underlying traders want to trade in the forex area and how much more attractive the offer can be with a particularly large selection.
Direct forex trading is at IQ Option possible, and nobody has to do without these investment instruments. The most popular currency pairs are available as base values for binary options and for direct forex trading. The broker can also trade other asset classes such as stocks, indices and commodities with amounts starting from one euro.
Use MetaTrader 4 at IQ Option? Trading platform in test
When we looked at the broker's trading application, we found that trading with IQ Option MetaTrader 4 is not possible. The broker's trading platform has been specially developed for trading binary options and cannot match the MT4 range of services. However, the web platform can offer good opportunities to conduct a course analysis. For example, there are drawing tools for manual analysis, but also technical indicators such as Bollinger Bänder, Moving Average or Alligator .
There are two types of binary options that can be traded classic digital options and the turbo options with a runtime of 60 seconds . The presentation of the trading environment looks chic and the platform can also be personalized in many ways.
Of course, the good rating for the trading platform also applies to trading with Forex, which at IQ Option is also carried out via the in-house trading platform, Multichart displays allow you to keep an eye on the price development of several underlying assets at all times. For those who would like to keep an eye on past courses, the course history offers full control. Traders are also supported by important and useful tools such as trading signals, market updates, filter options and an economic calendar. In this way, all important information can be obtained from a single source and is easy and uncomplicated to call up.
That IQ Option does not rely on the industry standard MetaTrader 4 like many other forex brokers and so on many others Clearly differentiated providers, many traders should consider a welcome change.
We have found that no MT4 trading is possible at IQ Option. The broker provides a powerful trading application that was specially developed for binary options and now enables currency trading to be just as professional. Numerous tools and personalization options mean that the trading platform can present itself as an interesting alternative to MetaTrader 4.
IQ OPTION - LIVE TRADING - DEMO VS REAL
Account opening with IQ Option
Interested parties can use IQ Option at any time open a free account. In addition to the age of majority, they do not have to meet any other requirements. On the website for EU citizens, a frame opens on the right side, which contains a registration form. Here customers only provide their first and last name and their email address and also choose a password. You must also confirm that you are at least 18 years old and have read and accept the terms and conditions. Registration is also possible via the usual Facebook or Google+ login. The entry hurdles are therefore very low and uncomplicated. Customers may have to confirm their identity again at a later date, but the authentication process at IQ Option is also very straightforward and quick.
Only a few details are required for registration with IQ Option and the requirements are easy to fulfill.
Demo account at IQ Option
Traders can be happy that the trading application is easy to use and you can use a demo account with everyone Can familiarize functions. The trial version is available for an unlimited period of time and will be charged with a starting credit of US $ 1,000 (recharge possible). Orders are executed without delays and the user is also provided with trading signals for some popular financial instruments.
Of course, such a demo account is of particular importance at IQ Option due to the introduction of Forex trading. First, there are many existing customers who want to switch from trading binary options to currency trading. You benefit from the IQ Option Forex demo account especially from the fact that you get to know the new type of trading and can thus have your first risk-free experience with currency trading. On the other hand, the company naturally also opens up the target group of forex traders. They usually want to put the new provider through their paces, especially since the IQ Option trading platform is not provided by MetaQuotes and make the broker particularly interesting. The fact that IQ Option makes this so extensive is comparatively unusual for an online broker and worthy of honor.
Additional services at IQ Option
As a broker regulated by CySEC, IQ Option also waives in the meantime on bonus offers and other goodies that no longer correspond to the wishes of the Cypriot financial regulator. Unfortunately, the company also no longer offers the popular tournaments. Usually, they could either buy a ticket to a higher-class tournament in this way, or they could win prize money that was financed by entry and buy-back fees. These tournaments may also be among the measures that favor a higher stake and are therefore not welcomed by CySEC, so that the tournaments are at least no longer part of IQ Option's bonus offers, which can make the broker significantly more attractive for traders 112>
The trading platform can also be tested in the demo version without any time limit. Interested parties can also recharge the play money account, so that a comprehensive and meaningful test is possible. Beyond that, the broker no longer offers any noteworthy additional services.
Consumer checklist: FAQs about trading with IQ Option
Which payment methods can I use with IQ Option?
With the broker you can deposit with a credit card (free of charge for deposits) and via bank transfer. Sofortüberweisung and GiroPay can also be used or you can opt for eWallets (deposits free of charge) such as Skrill, Qiwi, Webmoney, Sofortüberweisung, GiroPay, iDeal, WebMoney, Fasapay, Neteller, Boleto. However, IQ Option Paysafe deposits or IQ Option PayPal cannot be found. The broker does not charge costs for any of the payment methods.
Traders no longer have to load their account at IQ Option via a separate page, but can also top it up directly via the trading interface by entering the desired amount and click on "continue to payment".
What is the minimum deposit for IQ Option?
You can open an account from an amount of 10 Capitalize EUR / USD / GBP and in most cases the deposited amount will be credited within a few minutes. You can deposit a maximum of 20,000 euros per transaction.
Is there a minimum amount for the withdrawal?
Yes, but this is also very low and is 2 EUR (USD / GBP)
How much capital is required for trading?
With IQ Option you can you either invest very low amounts from one euro or you choose much larger sums. In this regard, the broker gives his traders maximum freedom.
What types of binary options can I trade?
In this regard, there are at IQ Option not a lot of choice and besides the classic binary options there are so-called turbo options with a runtime of 60 seconds.
Further offers from the broker
Die Traders will gain good IQ Option experience because the broker offers a diverse range of offers. Above all, the low capital requirements are special and cannot be found at every broker. If you want to trade at IQ Option, you can do so for as little as one euro. This offers good opportunities to become fully familiar with trading without having to take much risk.
Deposits can be made from an amount of EUR 10 (alternatively USD / GBP) and there are various payment methods to choose from. You can choose between credit card payments and e-wallet (free of charge), Sofortüberweisung, Skrill, GiroPay or Neteller. There are no costs and with the exception of bank transfers, deposits do not take more than a few minutes.
IQ Option bets can be made from as little as one euro (USD / GBP). The minimum deposit is EUR 10 and there are numerous payment methods to choose from.
Service and education at IQ Option - not yet aligned with Forex
The service and education area is quite handsome at IQ Option. The broker offers many video guides to explain the basics of binary options trading. However, a similar offer does not yet exist for forex trading, which is still new at IQ Option. Accordingly, some traders may have to be patient here. Occasionally, however, tactics or information from the videos can of course also be applied to currency trading.
However, it is worth mentioning in any case that a large part of the offer is available in German and the level of translation compared to many other forex providers is quite high. However, it is unfortunate that there is no valid translation of the general terms and conditions. The broker uses an "interpretive translation", which of course legally lags behind the English language version.
IQ Option makes a lot of effort with German translations, but unfortunately neglects them especially with legal documents. Educational materials tailored to Forex trading at IQ Option are also currently missing.
IQ Option Forex experience - is the broker serious or fraudulent?
IQ Option is approved by the Cypriot financial regulator CySEC regulated and currently has License No. 247/17. IQ Option Ltd. is also currently located in Cyprus. with address in Limassol. The broker must therefore meet the EU-wide minimum requirements. In addition, the CySEC has increasingly proven in recent years that it wants to be taken seriously as a financial supervisory authority, and has even withdrawn its license from individual providers in recent years. Accordingly, a broker of the size and popularity of IQ Option is of course particularly in focus and is severely punished for violations. Interested parties can also contact the responsible financial supervisory authority at any time to find out whether violations have occurred and whether they perceive IQ Option seriously or suspect fraud.
In the event of insolvency, the broker, like all such companies regulated by the CySEC, is a member in the Investors Compensation Funds (ICF). Not only are numerous brokers a member, but also numerous banks and companies that are active in securities trading. This also includes the regional branches of numerous large banks. A maximum of EUR 20,000 per customer is covered by this fund. In addition, IQ Option stores customer funds separately from corporate capital, so customer funds should remain untouched in the event of insolvency.
IQ Option is regulated by the Cypriot financial regulator CySEC and secures customer funds in the ICF.
Customer support at IQ Option
The customer service that customers can use at any time is also commendable. Support can be reached from Germany at any time of the day via a toll-free telephone number or via a Berlin area code. Of course, customers cannot always insist on getting a German-speaking support representative on the phone. During the main business hours, the support is also offered in German.
Of course, the broker also allows written contact. A contact form is available for those interested. The broker also publishes the email addresses of the company's CEO and CAO.
It also makes sense to use the company's extensive FAQ section, in which many questions are answered directly and easily. Many customers can save time on a phone call and find their way around more quickly.
IQ Option offers telephone support 24 hours a day, seven days a week.
The IQ Currency pairs option: extensive selection
With almost 190 currency pairs, IQ Option offers a selection that only a few other forex brokers can offer. Of course, with such a selection, the variety also grows considerably. Accordingly, traders are not only available the usual and frequently traded majors. Instead, many exotic or smaller European currencies offer numerous opportunities to implement strategies or successfully use background knowledge in certain regions of the world. Accordingly, there are only a few underlyings in Forex trading at IQ Option that traders will miss at all. On the contrary, it is more likely that the broker can surprise and convince with unusual underlyings.
The selection of currency pairs is diverse and includes numerous major currencies and exotics in addition to the majors.
Conclusion: Forex trading possible
After we have dealt extensively with the range of offers of the broker IQ Option, we were able to determine that direct Forex trading is also possible. Foreign exchange can also be traded in the form of underlyings for binary options trading. However, there is plenty of choice and those looking for good conditions will be happy about the broker's trading offer. Traders will have good IQ Option experience for many reasons. Traders will be pleased with the low capital requirements, the demo account and the deposit bonuses that are valuable when they start trading. Trading is possible for as little as one euro, the demo account is available for an unlimited period and does not require a previous deposit. The trading application can be characterized both by uncomplicated handling and by an extensive range of functions and offers far more tools and possibilities for technical market analysis than one is used to from trading platforms of other brokers.
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