So, if you choose 5 minutes, each candle/bar will represent 5 minutes of market movement. That means the chart at which you will be looking is going to show you the asset movement of the last 3 hours. The asset selection feature appears as a + “plus” sign at the top of the IQ Option trading interface. This is used to quickly select a financial instrument to trade with. Past performance is not a guarantee of or prediction of future performance.
IQ Option fees
In case you have decided to fund your account via a credit or debit card, you also have to submit a copy of both sides of the card. For your own safety, you are free to cover the CCV number (the three numbers situated on the back of your card). IQ Option needs only the first 6 and the last 4 digits of your card number. The general settings link can be used to change language and interface appearance among other settings. This is the expected profit you will get if your trade is a winner. This guide will run you through the different features and what they do.
- However, on the foundation of fundamental analysis stand lines that you can use to draw support and resistance levels, trends or other important lines.
- The last, fourth, fee which you can encounter is the withdrawal fee.
- Some of the available popular indicators also include text or video guides on how to use them when trading.
- All information on this website represent subjective views of the authors and they are solely informational.
- You are going to find here a lot of large-cap stocks from the USA, Europe and Canada, but there are only a very few mid or small-cap stocks.
Account Types
The withdrawal process is pretty straightforward, you just enter the amount you want to withdraw in the banking tab when you are logged into your account. IQ Option charges no withdrawal fees with the single exception of a wire transfer. E-wallet withdrawals are processed in a couple of seconds, wire transfer and card withdrawals are processed within 24 hours. I would personally advise using e-wallets for funding your account as there are no fees for both deposits and withdrawals + the deposits are processed instantly.
What are the most important elements of an IQ Option trading interface?
IQ Option offers a unique in-house built trading platform for binary and digital options and CFDs on forex, cryptocurrencies, stocks, commodities and ETFs. The broker that allows real trading starting at $10 appeals to new and existing clients mainly with its ultimate trading platform, and competitive fees (spreads). New traders can set up a FREE Demo trading account at any time. IQ Option is with over 80 million registered clients one of the most popular, if not the most popular, international brokers out there. Another big advantage of the company is that their unique platform can be tested on a free practice demo and that real trading is available with a minimum deposit of $10 to anyone. The IQ Option trading platform features a wide variety of trading instruments, these include Binary and Digital Options and CFDs on forex pairs, cryptocurrencies, stocks, commodities and ETFs.
Market analysis – News, Forex & crypto & earnings calendar
To access them, head to the left menu and click on market analysis. The news is sorted into 4 main categories and comes from highly authoritative sources like Investopedia, Yahoo Finance, Forbes, CoinSpeaker and many others. By using this feature, you will never miss important news about the forex, stock, crypto or commodity market. Below is the time interval feature that allows you to choose the time interval between bars or candles.
Trade room is also available as an IQ Option app, which you can install as a separate application on your computer. The IQ Option mobile app is very similar but has slightly reduced functionality compared to the desktop version. This is where you’ll enter the amount you want to invest in each trade.
This feature allows you to select the indicator you want to use for technical analysis. IQ Option offers dozens of indicators ranging from oscillators to moving averages. If you’ve selected several instruments and want to view their real-time charts simultaneously, this feature will come in handy. 300,000+ ClientsSince 2009, ICM has been providing online financial services covering more than a hundred countries. Trading is available on both desktop (Mac and Windows) and mobile (iOS and Android).
To start trading on a standard account, a $10 minimum deposit is needed. Deposits are supported via bank cards, wire transfer, and e-wallets. The platform is customizable, allowing traders to choose between light and dark mode, open multiple screens at once, and even create templates with preferred technical analysis indicators. The last, fourth, fee which you can encounter is the withdrawal fee. Clients will be subject to a fixed 2% (two per cent) withdrawal fee upon the clients’ second (2nd) withdrawal per calendar month. Consequently, clients can benefit from 1 commission-free withdrawal per calendar month.
Once you select a trading instrument, it’s automatically added at the top of your IQ Option trading interface. The first thing you should do after signing up for a new IQ Option account is to get familiar with the IQ Option trading interface. Luckily, the platform is well designed and simple to navigate. All features and tools are placed on the interface so you won’t need to do a lot of digging to find them. Top-Notch Customer SupportOur Professional, multilingual customer support team offers you 24/5 market and technical support.
It’s intuitively designed and packed with numerous features that will come in handy in your trading career. The image below will detail the different features that you’ll find on your IQ Option trading interface. At the same time, this is our list of the most frequently used features of the IQ Option platform. Doing your fundamental analysis is also possible with IQ Option as they feature breaking news and important announcements right on the trading platform.
Credit and debit cards are also a good alternative but remember that you will be able to withdraw to the card only the total amount of the deposits you made over the last 90 days. It is so because card withdrawals can be processed only as refunds. That means all amounts surpassing your deposits (i.e. your profit) has to be withdrawn to an e-wallet or via a bank transfer. It is crucial for each trader to understand what fees IQ Option charges. Unlike some other CFD providers, IQ Option has a no-commission policy, which means there are no fees e.g. for the execution of trades. What the broker will most likely charge you with is the spread and in certain circumstances the overnight fee.
The IQ Option trade room can be accessed either via the web-based platform or by using applications designed for Mac OS, Windows, iOS or Android. The web-based platform and Windows application https://traderoom.info/ look and function exactly the same. The only difference between the two is according to IQ Option the speed of the platform which should be up to 5 times faster in the app.
Now, you might have noticed that there is no such thing as leverage in the picture above, that is because the broker calls it a multiplier, but it is exactly the same tool. Here is a table describing the leverage (up to) iq trade room of each asset category. Once you set to your indicators the setting you want to frequently use, you can create a template. By doing so, you will be able to quickly apply the template to any chart whenever you want.