Famous broker IQ Option that offers trading from 10$ just added Forex and CFD instruments to the trading platform. IQ Option started as a broker that offered only trading High/Low options, 3 months ago it added also the possibility to trade digital options and now you can find here also Forex (including cryptocurrencies) and CFDs. The broker includes in its offer major currency pairs, minor and exotic pairs aren’t here yet.
As of today (23.02.2018), IQ Option offers these (15) cryptocurrencies: Bitcoin, Bitcoin Cash, Bitcoin Gold, Dash, Ethereum, Ethereum classic, IOTA, Litecoin, Ripple, Zcash, Omisego, Qtum, Stellar, Tron, EOS.
There are currently 30 available CFD stocks, covering famous brands like eBay, Apple, FB, Google, IBM, Amazon, Microsoft and many others. Whether the broker plans adding more Forex/CFD products is for now hidden from us.
Your capital is at risk
IQ Option leverage – Forex, Cryptocurrencies, CFDs
For different trading instruments, IQ Option has different financial leverage. For trading currency pairs, I.e. Forex, IQ Option provides traders with the possibility to use the leverage: x1, x25, x50, x300 or x500. Crypto traders can use up 1:5 leverage and CFD traders can take advantage of up to 1:10 leverage. If you are looking for the term “Leverage” on the IQ Option trading platform you won’t find it there, this tool is called as a multiplier, but it is the same.
How to trade Forex at IQ Option
Stop Loss and Take Profit – Manage your risks
SL and TP automatically close trades whenever the price of an asset reaches a level that you specified. To find them on the IQ option platform, look at the right menu, right under the column where you type your investment amount. The tools which you are looking for are under “Position auto closing” tab. The trade can close itself when it reaches specified profit percentage, a profit in money or an asset price. You can use stop loss and take profit at the same time, specify which conditions should be met for the trade to close itself.
Spread for Forex and CFD trading
Spreads at IQ Option are very tight, you can find spread for each and every forex and cryptocurrency pair as well as CFD instrument in the menu where you select your asset. The more popular instrument you trade, the lower the spread is.
Purchase Coin, contract for forex pair or stock at specific price
Do you want to open a position when certain cryptocurrency, forex pair or CFD stock reaches specific price? Then I have great news for you. IQ Option now allows that. Once you open more information about an asset you want to trade, head for the right menu where is located a small label “Purchase at” (under the “sell” button). This function will automaticly activate when your determined price level is hit.
Main features of forex trading at IQ Option
- Negative balance protection (You can not lose more money than you invested in one position)
- Tight spreads, no commissions
- Up to 1:500 leverage
- Unlimited profit
Your capital might be at risk