What is IQ Option, and how does it work?

Asked 3 years ago

Hi, I'm a new trader and currently exploring all the different trading options platforms. What can I trade with his broker and what is the minimum deposit? Thanks

Iq options Opinions on trading platforms

Andia Rispah Igobwa

Tuesday, September 07, 2021

As a trading platform, IQ Option offers crypto, stocks, forex, indices and ETFs.
It operates under the CFD (contract for difference) model, and the minimum deposit is $10.
To start trading, you select the asset and submit the order.
The good news is there's a demo to help you boost your skills.

Andrew Moran

Monday, September 13, 2021

IQ Option is another online trading platform that allows investors to trade a broad array of assets, including stocks, exchange-traded funds (ETFs), foreign exchange, cryptocurrencies, and more.
The trading platform functions on Contract For Difference (CFD), which means you trade based on the outcome of price changes rather than owning the assets.
Users can access IQ Option on their desktops or on the app. If you do not feel comfortable trading with real money, you can use its free demo practice account with $10,000.
The minimum deposit is $10.
Overall, it is a good broker, thanks to being a reliable service and regulated under the Cyprus Securities and Exchange Commission (CySEC).