What is IQ Option & how it works?

IQ Option is one of the most trustworthy trading brokers for online traders like us.

This trading platform came into existence in the year 2014, although being amongst one of the newest players in the market IQ Option binary options has made enough name for itself.

The broker has received ” The best trading platform award”  from Forex in 2014 and numerous other awards like the 2017 Award of Excellence, “Best technology application” & more.

This platform has over 4,800,0000 registered users with a trading volume of over 13, 38, 793.

The IQ Option trading is a CFD based trading platform. CFD means that by opening a deal on the platform you will have an outcome based on the changes in the price of the asset without acquiring it.

Investors can use CFDs to make bets about whether or not the price of an underlying asset will fall or rise.

Traders can either bet on upward or downward movement. If the trader that has purchased a CFD sees the asset price increase, they will offer their holding for sale.

The net difference between the purchase price and the selling price is netted together. The net difference representing the gain from the trade is settled through the investor’s brokerage account.

Similarly, If traders believe that the price of a security will decline an opening sell position can be placed. In order to close the position, the trader must purchase an off selling trade.

Then, the net difference of the loss is cash-settled through their account.

How does it work?

As said above IQ Option is a CFD based platform. and you can make either buy trade or sell trade via the same.

Firstly, you need an IQ Option account. You can create one. In case you don’t have one.

Once you have signed up you can select your desired asset from the IQ Option trade room. Here, I select EUR/GBP.

Now, You need to analyse the market and make a call regarding If the market will go up or will stay down. If according to you the market will stay up you need to make a buy trade and Similarly, sell trade If according to you the market will stay down.

Summary:

IQ Option app is one of the most popular trading platforms that came into existence in the year 2014.

This platform being amongst one of the newest trading platforms has made enough name for itself.

The broker has received numerous awards from the trading community and is currently one of the most downloaded trading apps in google play store and ios store.

This platform has over 4,800,0000 registered users with a trading volume of over 13, 38, 793.

 

 

 

 

 

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