WHAT IS IQ OPTION?
IQ Option is a trading company based in Europe founded in 2013. They offer various online trading opportunities and products including Contracts for Difference (CFDs). The platform is widely known for CFDs trading, Forex, Stocks, and Cryptocurrencies. The platform is duly registered and regulated in Europe as IQ Option Europe Ltd. Click here to IQ Option Login.
Currently, they are arguably the most popular BO trading platform in the world. While there is a huge risk involved in trading CFDs, IQ Option has put measures in place to help its users succeed. You can also do Forex trading on IQ Option login. Trade Cryptocurrency and Stocks.
If this is your first time hearing about CFDs or you have come across it but unsure what it means, we will explain in the simplest way possible.
WHAT IS CFDS?
CFDs are a financial instrument that enables investors to invest in the price movement of assets. Assets could include Currencies, cryptocurrencies, stocks, commodities such as gold, silver and many more.
To break it down, CFDs allow you to predict if the price of an item will go up or down. For example, based on what is going on and signals, you can predict that the price of the dollar will go up or come down in 5 minutes, 1 hour, 1 day and so on. You place this as a trade with money. If your prediction is correct, you make huge money depending on how much you traded. If your trade is wrong, you lose money.
So you basically, you have two options when trading CFDs. Either you predict that price will go high or low. The dollar was just an example. You could do the same for bitcoin, gold, stock of companies and so on.
CFDs are mostly known as all or nothing. If your trade is correct you can make so much money depending on the amount you traded with. But if your trade is wrong, you lose it all. This is why CFDs are a risky investment and you are advised to use only money that you can afford to lose.
Traders rely on the news, historical data and other factors to help them make a good trade. If there is a major economic crisis involving the U.S, it is most likely that the price of Dollars will go down. If you have the signal, you can immediately trade and make money.
CFDs are an easier version of complex Forex trading. Because even a layman can understand how to trade. Simply predict price movement.
When you join the IQ option, you are given a demo account with up to $10 000 to practice with. From your phone, you can practice until you feel good enough to deposit and start trading for real. There are also many valuable resources in IQ Option such as tutorials and analyzing tools to help you succeed. You can click here create an account with IQ Option.
This is a real trading account of BO. Notice the green dot line that cuts across the middle. That signifies the point this trader started this particular trade. From that point, anything above that line means the price is up, anything below means price is down. If she predicted price to go up, anything above that line earns her profit. If she predicted the price to go down, anything below earns her profit. In this case, she predicted the price to go up. That is the reason she has earned 85% of what she traded as income, which is $127.
IS IQ OPTION RELIABLE AND WHY SHOULD YOU CONSIDER IT?
Here are the reasons why we think IQ Option is reliable and the reasons we recommend it:
- IQ Option is registered and regulated. They are registered in Europe as IQ Option Europe Ltd where they are regulated by the Cyprus Securities and Exchange Commission (CySEC). In Seychelles, they are also registered as IQ Option Ltd.
- They are part of several European regulators such as the UK Financial Conduct Authority (FCA), the Italian Consob, the German Federal Financial Supervisory Authority (BaFin), and the Spanish CNMV and many more. This means that they have to be accountable. It also means that if you have any issues with them as a trader, you can sue them or write a complaint against them. They cannot do as they please.
- As of 2018, they have over 41 million registered users around the world!
- The average trades per day is over 1 million
- Traders on the platform on average withdraw over $24 million every month
- They are very popular with an Alexa rank of 700, the highest-ranked trading platform in the world according to Alexa, which is owned by Amazon.
- The platform is used and utilized in up to 178 countries
- The platform enjoys a good rating from experts. Finances Online give it a rating of 8.5 out of 10 and user satisfaction at 99 percent.
- They have instant withdrawals that mean you can withdraw in 1 day
- This platform has received numerous awards. Over 20 prestigious awards including a 2017 Excellence award and in 2015 for the best mobile trading platform.
HOW TO INVEST AND EARN WITH IQ OPTION TRADING PLATFORM
Follow these steps to invest and earn with IQ Option:
1. SIGN UP
The first step you need to take to make income on this platform is to register. You can click here to register. Registration is easy. All you need is your email, username and other basic information to get started.
2. DOWNLOAD APPS
You can do all the trading with your phone. You do not need a computer. If you wish to use your phone, you will need to download the apps. There is an app for Android and iOS phones. First, you need to create an account here. Once you have registered, scroll to the bottom of the page and download the app. If you prefer to use the computer instead of an app, you do not need to download IQ Option app.
3. PRACTICE WITH YOUR DEMO ACCOUNT
Once you register, you will be given a demo account with up to $10, 000 in it. This is for you to practice with. Use it to learn how to trade and get some experience. With it, you can practice enough and develop your strategy.
4. DEPOSIT CASH
Once you have practiced enough with the demo account and you are ready to make money, just deposit money into your account. You can deposit as little as $ 10. With that, you can start trading! The easiest way to deposit money is to use your debit card. Your ATM MasterCard and Visa card are accepted. Just click on deposit, pick a payment method, how much you want to deposit and enter your card details.
5. START TRADING
Once your count is funded, you can start trading. All the things you have learned with your demo account, you can now put it to practice. On the website or app, you will see Trade. Click on it and pick what you want to trade. Options, Forex, cryptocurrency, and commodities. If you want to focus on forex trading then click here.
Click on trade and you will see options. From here you can decide to do Forex trading, Options, cryptocurrency, and stocks
6. WITHDRAWING YOUR MONEY
Money withdrawal is very easy. There are many options such as Skrill, Transferwise, Bank transfer and more. Depending on your bank, it will take between 1 to 9 days for the money to get into your account when you withdraw. As soon as they are ready with the Nigerian solution, this process should be faster. We advise you to withdraw your money in smaller amounts. You can withdraw up to $1 million. But we do not advise you to wait till you accumulate that much. Start withdrawing as you earn regularly.
IQ OPTION VERIFICATION
Do you know that each IQ Option trading account must be verified? The primary regulator of IQ Option, CySEC has set it as one of the requirements. Undoubtedly, it is beneficial for the traders, but the majority of the traders find the process of account verification as irritating and time-consuming. However, it is a one-time process.
In IQ Option review, you will get to know two reasons for account verification importance:
Traders who can prove that they had deposited funds with the broker are eligible to compensate with CySEC. All you need is a verified account.
According to IQ Option review, it is allowed with account verification to adhere to international laws that put off money laundering.
If you are a beginner and just opened an IQ Option trader account that needed to be verified then follow these steps.
- STEP ONE
At first, login to your IQ Option account with all the details you used at the time of registration.
- STEP TWO
Click on the personal details tab on the website. It will direct you to your personal profile. Now, scroll down to the page and click on the account verification link.
For trading app, Go to Settings and then click the Security option.
- STEP THREE
At the point, you need to verify two things, your email address, and your phone number. Now, click on the verify email.
Find an email sent by IQ Option and open that email. There you will find a special code, copy that code and paste in the IQ Option email account verification page. After pasting the code, click on the continue button.
In case if you want to verify your mobile number, then you have to enter it in the provided field. Click on Send Code and IQ Option will send a unique code on your mobile. You have to enter the code on the site to verify your phone number.
Keep in mind that IQ Option will make sure that your email and mobile phone number have been verified right after you enter and submit the special codes.
- STEP FOUR
In the end, you have to complete your personal profile. The process of profile completion needs to enter details such as your name, address, and date of birth. IQ Option needs a copy of your ID card or passport in case if you have not sent it already. All the data must be matched to your identification documents.
Now, click to save.
Now your IQ Option verification of the trading account is done, and you are safe.
TIPS TO BE SUCCESSFUL WITH IQ OPTION
Trading in any online trading platform is risky that is why it is also very rewarding. When there is a big risk involved, the reward is always huge, sadly, the loses may also be huge too. Because of this, we MakeMoney.ng recommends the following tips:
TRADE WITH SPARE MONEY
Do not throw in your whole earning into trading. That will be very foolish. Rather be realistic. Use the money that you can afford to lose.
For example, if you earn 50k a month, you can decide to set aside 5k for trading. Have a plan to trade with the spare money and stick with the plan.
HAVE PATIENT
While you can make so much money trading with IQ Option login, you need a lot of patience too. The most successful traders are those who have traded for a long time, learn the trade and developed their own strategy.
It takes patience for you to trade enough to understand how the market works. Best time for you to enter and exit and so on. Your first 3 trade may be bad but the fourth could be your breakthrough point
HAVE SELF-CONTROL
Self-control is very important if you must be successful with IQ Option. You have to be disciplined. Because you feel the surge of emotions or optimism at a point, should not make you risk your savings on a trade.
Don’t trade many times a day because you want to hit it quick. Don’t throw in all your savings in one trade. Be able to control yourself. And stick to the amount you have planned to trade with.
DEVELOP YOUR STRATEGY
Use your experience to develop a strategy. It is commonly said in Nigeria and around Africa that “experience is the best teacher.” As you trade, take note of everything. And from it develop your own trading strategy. Like how much to trade, how many trades a day, when to trade and so on.
READ HISTORICAL DATA
You can find historical data on trade items on IQ Option. You can see how currencies or any asset performed over a period of time. Studying this will help you make better trade decisions.
CONSUME HELPFUL INFORMATION
IQ Option provides various information to help traders. You can find this information on the website. There are videos, written contents and many more. Consume as much as you can. This is an investment; you need every knowledge available.
STAY ALERT
Now you are an investor. You need to watch out for information that can impact your business. Follow the news and stay alert. A natural disaster can impact how you trade. The conflict has the ability to impact trades.
REMEMBER YOU ARE AN INVESTOR NOT A GAMBLER
As a trader, you are an investor. You are investing money; you are not a gambler. Don’t trade lie a gambler but like an investor. Traders are investors. Read and follow the news, understand how currencies, commodities, and stocks are performing. It will not take your time. Follow experts. Study the market. Stay alert! People make huge money from this. It all begins when you see it as an investment.
IQ OPTION CUSTOMER CARE AND SUPPORT
Customer care email: [email protected], Depositing issues: [email protected]
Customer care phone number: +44 20 8068 0760 (London)
Conclusion
IQ Option is a good platform to make money. One of the most popular trading platforms in the world. This is a risky investment and you should only put in money that will not affect your plans if you lose. Be patient, develop a strategy. Trade prudently. You can have a winning strategy that makes you a constant income. Click here to download IQ Option.
I love this review. But IQ Option is a high risk game, you need patience to win at this game. 😐
Exactly what most of the peeps are missing out