IQOption Review

Website: www.IQOption.com
Regulation: CySEC
Special Offer: Free Training Account
Minimum Deposit: $10
Available Cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin Gold, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, OmesiGo, Ripple, ZCash, Neo, Stellar, Qtum, Tron
Spreads From: Varies
Max Leverage: 5:1
Deposit Options
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Traders at IQoption have access to a free practice account and a real money trading account.

To get started, you simply need to be from a regulated jurisdiction, complete the registration form, and validate your account.

To open a real account, simply click on the deposit button in the right corner of the screen and add funds to your account.

IQOption Cryptocurrency Trading

IQOption promises traders the ultimate trading experience. This acclaimed trading platform has grown significantly since inception in 2013. As one of the leading providers of cryptocurrency trading, this UK-oriented brokerage offers a full complement of CFDs (contracts for difference) and various other sophisticated financial products. The unprecedented boom in cryptocurrency trading has allowed providers like IQOption to showcase a powerful, interactive and user-friendly trading platform to clients.

The range of cryptocurrency options available includes Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH), among others. At the time of writing, the total market capitalization of cryptocurrency was $748.857 billion. IQOption is fully licensed and regulated to offer cryptocurrency trading to clients, courtesy of the Cyprus Securities Exchange Commission (CySEC) with license #247/14. IQOption is fully owned by IQOption Europe Limited.

 

 

Features of Cryptocurrency Trading on IQOption

 

IQOption offers registered traders full access to Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash and 8 other crypto options. The powerful trading platform is bolstered by the inclusion of comprehensive data and analytics (live tickers) charts, graphs, and educational data. The charts provide a useful timeline on cryptocurrency trading, with 1 month, year to date, 1 year, and 5 year performance figures. Additionally, each digital currency is associated with several elements including market capitalization, the 5-year change, the current price, videos about the cryptocurrency, and additional content.

IQOption provides clients with up to x 10 leverage margin trading on all cryptocurrency. Traders can easily go long or short, depending on market conditions. The definitions and explanations of cryptocurrency trading at IQOption are easy to understand, and the rules and regulations regarding safety protocols are clearly laid out.

Among the many benefits of trading cryptocurrency at IQOption are the following:

  • Superb Customer Support – average response times for customer queries is 46 seconds, and customer support works around the clock.
  • Going Long or Short on Digital Currency – traders can buy or sell cryptocurrency at the click of a button. It doesn’t matter whether markets are rallying or retreating – profits can be generated in any direction.
  • Cross-Platform Functionality for Cryptocurrency Trading – clients can trade cryptocurrency on PC, Mac, Android and iOS devices.
  • Highly Liquid Markets – IQOption boasts an impressive trading volume exceeding $11 billion per month
  • Rapid Payments Processing – traders can enjoy multiple safe, secure the and rapid deposit and withdrawal methods such as Visa, MasterCard, Neteller, WebMoney, Skrill and others.

Quick and Easy Steps to Trade Cryptocurrency at IQOption

 

 

The 3-step process to trading cryptocurrency begins with a registration. The registration process can be completed in under 60 seconds. Once traders have registered their details, the next step is to deposit funds into the account. Several reputable deposit methods are available, including credit cards (MasterCard and Visa) as well as other e-wallet options such as WebMoney, Skrill, Neteller and others. Once an account has been funded, clients can buy or sell digital currency like Bitcoin, Bitcoin Cash, and Ethereum with ease.

In total, there are 11 cryptocurrencies available to clients. On the trading platform, it is possible to generate up to 900% profits with digital trading. If clients experience any difficulty, customer support is standing by to lend assistance. The inclusion of a free demo account makes it much easier for clients to practice their tactics and strategies under real market conditions.

OTN Trading at IQOption

 

 

OTN refers to the Open Trading Network. It is a cross-chain sophisticated technology that works in tandem with cryptocurrency traders and blockchain networks. This decentralized exchange facilitates safe and secure transactions among blockchain networks, and IQOption is part of the network. Bitcoin, Ethereum, and Bitcoin Cash traders, et al, at IQOption get to enjoy all the benefits of OT &, every time they buy or sell cryptocurrency on site.  

The IQOption Trading Platform

 

 

The IQOption trading platform is available in a real money account, and a demo trading account. The demo trading account provides $10,000 faux funds for clients. There are currently 11 cryptocurrencies available including the following:

  • Bitcoin Gold
  • Omisego
  • Ethereum
  • Bitcoin Cash
  • Dash
  • Litecoin
  • Monero
  • Ethereum Classic
  • Bitcoin
  • Zcash
  • Ripple

To get started, clients are simply required to place an investment on their chosen cryptocurrency. The investment amount is listed on the top right of the trading platform screen, and clients can toggle the +/- buttons to increase/decrease the trade size. Once the appropriate investment has been made, a green buy button will be highlighted, and traders can confirm buying. Confirmation of the trade includes the following elements: opening price, investment amount, quantity of cryptocurrency, commission, and the total value of the trade.

As soon as you have initiated a trade, the investment amount will be deducted from your demo trading account balance, or your real trading account balance. The trade is active until it closes out, and traders will see the price movements taking place in real time. The powerful trading platform also provides multiple other features such as open positions, your trading history, the leaderboard, chats and dialogs with other clients, OTN token balances, market analysis, and video tutorials.

Clients can easily switch from a demo trading account to a real money account by clicking on the top right corner of the screen (the deposit button). The practice account features include a full-fledged trading platform, and all assets are currently available. No withdrawals are permitted on the demo account. The account value is $10,000, and it is replenished at no cost. The real money account allows for easy withdrawals, a full complement of trading assets, and a full-fledged trading platform. The minimum amount required to fund a real money account is $10.

 

Final Thoughts
Pros
  • 11 cryptocurrencies available
  • Low Minimum Deposit accepted
  • CySEC Regulated Trading Platform
  • Highly responsive customer support
  • Intuitive trading platform and hundreds of assets
  • Demo Trading Account with $10,000 practice bankroll
Cons
  • At times, the trading platform is a little sluggish
  • Traders from certain countries are not permitted even though cryptocurrencies are globally accessible
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