Thursday, October 18, 2018

IQ Option Review 2018: How does IQ option work?

In this IQ Option Test, we take a look at one of the largest CFD brokers in Europe.This review gives you everything you need to know about the IQ Option platform and if you are the agent to consider. In addition, we have established a live trading account, which gives us experience with the agent from a client's perspective.Is IQ Option Safe?This is probably one of the key problems for any operator that starts on a platform. The security of funds and data is essential for a secure business environment.In the case of IQ Option, you are a regulated broker licensed to provide investment products in the European Union. The license that IQ Option has if it comes from the Cyprus Securities and Exchange Commission (CySec).To obtain this license, the broker must meet many minimum requirements with respect to customer funds, commercial products and marketing restrictions. You can read more about the terms of CySec on your website.Security of the client's moneyIn the case of customer funds, all money must be kept in a separate and secure account that is blocked for the brokerage business. You can think of this as a locker for all client funds that need to be monitored regularly.This ensures that IQ Option always has a certain minimum of available resources in case clients decide to retire. This is very important since it guarantees liquidity in the stock market in times of market stress.In addition, CySec regulators also have something to pay insurance at the regulator level. This means that, if something happens with IQ Option, your deposit is insured to some extent by the Cyprus regulators.

stock coverageIQ Option started as an options platform that offers traditional assets for trading. These included assets such as stocks, commodities, ETF and simple vanilla forex. However, their supply of cryptographic currency resources have increased considerably.The table on the right shows a list of all the cryptographic currency pairs offered by IQ Option. There are more than 12 pairs that you can exchange at the moment and are adding more and more. These include Bitcoin, Ethereum, Ripple, Dash, Litecoin, Monero, Zcash, etc.While these are simply perfect for the regular crypto trader, there are many other assets in the platform inherited from Spot in which you can connect. They are listed below:

    
Forex: for traditional traders who like to trade with Fiat Forex, you have many options for traditional currency trading with the IQ option. There are over 188 currency pairs to choose from, as well as a number of different crosses between the pairs. For those crypto traders who are a bit more advanced, you can use the currency pairs to set up a cryptography trade in your own national currency. You can open a CFD position at the USD crossing, as well as at the USD cross of the corresponding cryptocurrency.
    
Stocks: There are also hundreds of traditional shares that you can trade on the IQ Option CFD platform. They have an option of more than 7,500 shares traded in several global exchanges. These include the NASDAQ and the FTSE, etc.
    
ETF: ETF or Exchange Traded Funds are collective investment schemes that allow you, as an investor, to trade with a stock index. IQ Option has some of the most complete lists of ETF instruments available for trading over 4,288 to choose from.Trading instrumentsFor their crypto, FX and shares, they currently offer these products as Contracts for Difference (CFD). CFDs are derivative instruments that pay the trader based on the price difference at the beginning and end of the trading day.CFDs are also leveraged instruments, which means that you can take a much larger position in an operation than you have available. This could increase your returns as long as you manage your risk appropriately.In terms of leverage offered by the IQ option in these CFDs, it differs according to the asset class. For example, you have a leverage of 10x in stocks, 20x in cryptocurrencies and a really powerful 200x in forex. It goes without saying that you should exchange those instruments very carefully.

  
Of course, IQ Option is known for its options instruments. These include the option Binary option and digital options. These instruments are asymmetric instruments, ie they have a defined loss and profit.

These instruments set a premium for options trading, which is usually a small premium on the asset in question. You also have an expiry time and a purge price. If the option runs out of money, you can get a high return on your investment. If it runs out of money, you lose the bonus.


Financing / WithdrawalIQ Option offers a range of payment options that merchants can use. Accept Visa and Mastercard cards. They also accept financing through numerous online portfolios such as Web Money, Skrill, Cash U and Neteller.For those who prefer to finance their account through a simple cable option, they also have this option. This usually takes a bit more than a card deposit, but the rates will be lower for larger amounts.For merchants who only start to operate, the minimum size for financing the account is only $ 10. This gives you access to the real account (see below). Payments made by bank transfer can take a little more than 2 days. It depends on where your bank is located.They also claim that you can leave immediately without asking questions. You declare that these can be withdrawn in less than 24 hours and that you can process any amount of payment you want.We wanted to try it, so we opened an account with the IQ option and deposited $ 100. Our deposit was a transfer and it took approximately 1 day (our bank is in the EU). Then we ask for a payment of $ 10 after some operations.The IQ Option team told us that we still needed to verify our account. After the verification was done, our funds were actually sent and it took us more than one day to reach our account (less connection fees). One thing traders should keep in mind is that they can only retire in the same way they financed it.customer serviceCustomer service is often lacking in brokers and stock exchanges. Of course, this makes sense given the immense number of people who want to invest and the limited number of exchanges where they can do so.Therefore, we wanted to test response times and the effectiveness of customer support in IQ Option. We did this initially in the verification phase when we were waiting for our documents. For KYC purposes, the IQ option required our identity and address verification.We sent our documents and it took approximately 2 days to verify this. During this time, we sent several support tickets on the platform and communicated with them by email. Response times were approximately 2 hours on average.While these reaction times are not the best we have experienced, they are definitely below average. We must also bear in mind that IQ Option currently has millions of accounts, which is significantly more than any other broker and exchange in the market.There also seems to be a dedicated phone number for the team in IQ Option. This is not something that is often seen on the stock exchanges or other CFDs / brokers in general. There is a small personal feeling for the commercial experience.  

Dangers and languagesAs already mentioned, IQ Option is owned and operated by a company in the European Union. It is also a financial services provider registered in Cyprus with registration number 247/14. This means that they are legally authorized to accept European customers. These clients also have full protection through CySec.IQ Option has also spent a lot of time translating your website and its platform. For example, they currently have support for up to 13 different languages.For these operators to feel operated in their local currency, IQ Option allows financing in GBP, USD, EUR and the following groups of other currencies: RUB, IDR, MYR, Yuan.With respect to local laws, there are some countries where they are not active. Unfortunately, merchants in the following countries can not use their services: United States, Canada, Israel, Palestine, Australia, Russia, Syria, Iran, Japan, Belgium.Demo accountOne of the great benefits we have learned about IQ Option was its free demo account. Unlike other exchanges and brokers, the IQ option offers the operator $ 10,000 in demonstration funds to test the platform.You can trade as long as you want on the demonstration platform and there are no time limits. If you have spent the exercise money, you can always top-up it. This is a great way for new operators to test their skills before investing money live.You can also do this with exercise equipment without having to enter personal information. Therefore, you can test the platform quickly and easily without having to worry about having to send phone numbers or identification documents.the real accountsOnce you are satisfied with the commercial platform and master your trading skills, you can switch to a real account and invest your real money. There are two types of accounts in IQ Option that you can use. You are the real account and the VIP account.

    
Real Account: This is the entry level account in IQ Option and only requires a minimum of $ 10. This account gives you access to more than 70 assets traded in a range of asset classes. This will have exactly the same platform functionality as the demo account.
    
VIP Account: If you deposit more than $ 3,000, it will be placed in the VIP category. This has the benefit of a VIP account manager who is available to answer any questions you have about the platform. The VIP account also allows merchants to collect monthly reports on their business file. This is compiled by the analysts of IQ Option. These reports can help large traders analyze their returns adequately and ensure that their business strategy is adequate.When we did our tests, we did it in the live trading account and not in the VIP account. While we have no reason to doubt the benefits, we can not verify the exact customer support you will likely receive from a relationship manager.


IQ options trading platformOne way to really highlight the IQ Option is its cutting-edge commercial technology. It seems that more than 100 developers are working on the platform to improve its efficiency. They also consulted distributors who worked with these developers.We walked on the platform and were very impressed with how functional it really was. Surprisingly, unlike many other platforms, it has not sacrificed design or simplicity to integrate the range of sophisticated commercial tools available.These tools include numerous graphics packages, such as technical indicators and studies such as the Bollinger Bands and moving averages. Without a doubt, this could be a great advantage for all technical analysts.There are also many design options available in the web interface. This is achieved through the use of widgets that can be positioned according to the wishes of the merchant. This is useful for those traders who want to be able to trade many different assets simultaneously.It should also be noted that IQ Option offers its platform not only as a web-based platform, but also as a computer-based program. You can download the patented IQ Option Mac or Windows software. This will connect to the IQ Option infrastructure.We tested them and they were much faster than the web-based platform. This makes sense because our business instructions went directly to the servers in the IQ option and not through a website interface first. Also, there was no browser software that would slow down our experience.Functionality of the platformWhile the IQ Option platform seems certainly impressive, the key consideration is its functionality. No matter how impressive the user interface of a platform is, the tools at your disposal are what make or break the deal.Let's see some of the key functions and tools that you can use in the platform.types of ordersLike most trading platforms, these days you have a number of different types of orders that you can send to trading. On the IQ Option platform, these differ according to the asset.For example, when operating with IQ Option, there are a series of short, medium and long term variable rate strategies that use the following order types:

    
Multiplier: the multiplier is a coefficient that allows you to increase both the return on an investment and the level of risk.
    
Stop Loss: Here you can set a maximum loss you want to accept. When a stop loss is activated, it closes the trade.
    
Take Profit: a take-take works very well as a stop loss on the other side of the trade. It will close the trade as soon as a desired benefit is achieved.
    
Trailing Stop: Trailing Stop makes 'Auto-Close at Loss' work dynamically and move with the price in the desired direction.
    
Buy in (advance order): allows you to set a target price for entry into the market.Stop the loss of ToolsApart from the stop-loss order types, IQ Option has some of the most diverse options when it comes to adjusting your stop / take benefits.This is a big deviation from most other platforms where you only select a fixed asset price for your stops. Merchants can use the following features:

    
Benefit
        
Take profits in X% of earnings.
        
Take advantage of the gains in Numeric Profit X.
        
Take profits at the price of asset X.
    
loss of stop
        
Stop loss in X% loss.
        
Stop loss in numerical loss X.
        
Stop loss at asset price X.
    
Final Stop (Dynamic Stop Loss)
    
Use Balance to keep the positions open (when the loss limit has been exceeded)IQ graphics optionIQ Option offers a variety of graphics options tailored to the needs of each operator. There are the following five different options to choose from:

    
Range: shows the price as a line with a shaded area below.
    
Line: shows the price as a line with no shaded area below.
    
Candles: shows a period, the price at the beginning and at the end of the period and the volatility in the period as solid colors.
    
Hollow candles: shows a period of time, the price at the beginning and end of the period, and volatility during the period such as positive hollow candles and negative solid candles.
    
Bar: shows a period of time, the price at the beginning and the end of the period, and the volatility during the period as a vertical line with open and closed prices as horizontal lines.


IQ Option offers 13 different technical indicators to choose from.The indicators are the backbone of technical analysis and are used almost religiously by day traders. They are extremely useful for identifying trends, mapping mothers and identifying possible setbacks.The IQ option has 13 different indicators that you can enable on the surface of the chart. These indicators are listed below with a brief explanation of their use.

        
Moving average: moving averages are a group of technical indicators that are often used to determine the current trend. The most popular averages are the simple moving average (SMA), the weighted moving average (WMA), the exponential moving average (EMA) and the smooth moving simple moving average (SSMA). Moving averages are used in other technical analysis indicators such as the Bollinger, Alligator, MACD and Awesome Oscillator Bands.
        
Volume: The volume indicator indicates how much of the selected asset was sold and purchased within a specific time period. This is one of the few indicators that is not based on the price of the asset. A high volume shows a high interest in the asset at its current price and vice versa.
        
Bollinger Bands: Bollinger bands belong to the category of "trend indicators", reflect the dynamics of the price movement. With your help, many traders determine the relative position of the price movement.
        
Crocodile: The crocodile is an indicator to judge the direction of market movement and to filter periods without trend (side band). Its main objective is to show the signal of an emerging trend. It is worth noting that this indicator applies to almost all time intervals and, therefore, can be considered multifunctional.
        
RSI: the RSI (Relative Strength Index) is used to determine the strength of a current trend and its possible reversal points. RSI compares the absolute growth of asset prices during a given period with the general decrease in prices during the same period. The result is shown as a curve in the graph with a range of 0 to 100%.
        
MACD: The convergence divergence of the moving average (MACD) shows the convergence and divergence of the moving averages. This indicator is a visualized relation of two exponential moving averages. The objective is to determine the strength and direction of the trend. The signal line in the indicator window is a simple moving average of the indicator values.
        
Parabolic SAR: parabolic SAR is based on the price table and is shown as a series of small points. In terms of purpose, it is very similar to the moving averages; The only difference is that the parabolic SAR moves with greater acceleration and changes its position according to the price. If the trend is bullish, the indicator is below the price; If the trend is bearish (below), the indicator is above prices.
        
Stochastic Oscillator: Stochastic Oscillator (Stochastic Oscillator) shows the current position of the price in terms of the extremes within the selected time period and is expressed as a percentage from 0 to 100. It signals overbought or oversold conditions and helps identify where it is ready the market for a reversal.
        
Awesome Oscillator: The impressive oscillator is a visualized relationship of two simple moving averages (SMAs) [1x Fast 1x Slow] in the form of a bar graph. Crossing the baseline has the same effect as crossing the SMA indicators in the price chart. This indicator shows the completion and development of new trends. Many traders consider that Awesome Oscillator is a simplified version of MACD.
        
ATR (True Average Range): Unlike most indicators, ATR can not predict the direction of movement. It only shows the current volatility of the merchandise within the selected period. In addition, ATR determines the exchange rate. The active movement of ATR indicates an increase in the range of Japanese candles.
        
ADX (Average Directional Movement Index): The Average Directional Movement Index (ADX) is always ahead of the curve and shows the strength of a trend (up / down trend or weakening) before the price starts to move. The ADX indicator can also be used to identify potential changes in market volatility.
        
Fractals: Fractals are a series of at least five Japanese candles. The central candlestick is always higher or lower than the environment. The main objective of the fractals bes.


Win OTN chipsEspecially for cryptocurrency traders in the IQ option, the option to earn OTN tokens is when you trade. These are essentially tokens of the Open Trading Network, which are delivered to traders through their weekly "problems".Open Trading Network wants to be the first platform to offer cross-chain technology that unites all block chains and allows a great exchange of decentralized cryptography. They facilitate the exchange of different tokens. You can read more about this in the OTN document.We are currently in the sales phase of OTN tokens. Here, Open Trading Network cooperates with several brokers, such as the IQ option, to spread OTN in the community. The anticipated start of the OTN portfolio will be in March 2018 with support for a total of 7 tokens.They will be delivered to merchants according to the frequency with which they trade, so operators who trade more in the week are entitled to more OTN tokens. Therefore, you could not only benefit from trading and winning the cryptocurrency, but also from additional tokens.OTN tokens can also be sold on some key platforms such as Cryptopia and HitBTC.Affiliate Program IQ OptionIf you are one of those distributors who have many people who want to recommend the IQ Option, then you can use the IQ Option Partner Program. Basically, it is a fee-based structure that pays you according to the commercial tariffs that your recommendation generates.They also work with a certain level structure, where more session starts bring more rewards. This means that your benefits as an affiliate in the IQ option platform will increase if you can attract a certain amount of business.If you start promoting CFDs with the IQ option as an Affiliate, you will receive a 50% "revenue share" with the broker. This means that IQ Option pays you 50% of what you earn for the life of the client.This looks much better than many other alternatives that still have relatively low association agreements with their affiliates (10-20%). Since these are lifetime contracts, you will receive them as long as your reference is traded on IQ Option.How does it work?You must register to obtain an affiliate account with IQ Option. Once this is done, you will be assigned an affiliate administrator. Then, they will give you everything you need to know about the platform and they will ask you to complete the Affiliate's KYC and compliance policies.Once approved, you can use the affiliate link provided to promote the IQ Option. You start at the first level of affiliation, which gives you 50% participation in brokerage income.Then, you will receive income from the IQ option and, depending on the performance and performance of your promotions, you can move to the next level, which offers other benefits, such as immediate withdrawals and slightly higher commissions.The affiliate control panel of the IQ option is very advanced, which allows you to track the traffic of your references, as well as who registered and the amount their affiliates exchange. This will give you a good idea of ​​how your affiliate's performance is going.advertising materialOne thing we have noticed between crypto currency exchanges and brokers that offer affiliate programs is the lack of promotional material that accompanies it. They often expect the person to create their own banners and videos to promote their brand.The affiliate program of IQ Option offers a variety of banners, videos, scripts and iframes that will help you commercialize the product in the most effective way. All of them can be accessed through the IQ Option Partner panel and can be searched according to the instrument, asset or language.Reputation of the affiliate programThere are many brokers and exchanges who will gladly accept your referrals and then keep their rates when the time comes to pay their money. Given the reputation of the IQ Option and its regulated status, you must ensure that everything is 100% above the card.You can only advertise your product in the most ethical way, and periodically monitor your marketing and traffic materials to make sure you comply with the terms and conditions.    

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