IQ Option : Forex and CFD trading – Leverage & Spreads

Famous broker IQ Option that offers trading from 10$ just added Forex and CFD instruments to their 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 and CFD. We can use following Forex leverage at IQ Option : x1, x25, x50, x300, x500, x1000. Leverage is on the platform called as a multiplier (but it is the same). The broker includes in its offer major currency pairs, minor and exotic pairs aren’t here yet.

Concerning CFD, IQ Option offers these (11) cryptocurrencies: Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum classic, IOTA, Litecoin, Ripple, Monero, Zcash, Omisego.

CFD crypto traders can use up 1:5 leverage. Whether the broker plans add more Forex/CFD products is for now hidden from us.

Your capital might be at risk

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 every forex pair and cryptocurrency in the menu where you select your asset (See screenshot no. 1). On major currency pairs, the spread moves from 5 to 10 pips.

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 1:1 000 leverage
  • Unlimited profit

Your capital might be at risk



Michael
Author: Michael
Hi, I'm Michael and my area of expertise is forex and binary options trading. I specialize in technical analysis, namely in chart pattern set ups. I educate traders of all levels and I believe that prerequisite to successful active trading is always knowing risks of the game. My most current interest lays in cryptocurrencies, especially in Ethereum and in decentralized applications. You can reach me at Michael@TradingBeasts.com or in the comment section under any article.

22 Comments

  • Cyril Lidede

    I opened my account at IQoption recently trying the demo yet to start investing, I need help to ensure maximum profits email me at cyrillidede@gmail.com anyone willing please I have a lot to learn, thanks in advance

  • Michael Hunt

    I have invested 90$ in IQ option. Using martingale strategy with some indicators now 6$ are left. What would you suggest me to do. I get myself ruined.
    Now i am thinking to trade Auto closing with (Profit in money) trade with trend by investing 1$ and Auto closing of (3$in profit and 0.5$ in loss).

    What do you suggest me in this condition?
    The worst part is that i borrowed that money from my mother on 1week time period.

    • Michael
      Michael

      Hello Michael,
      I suggest you switch to a free demo account for the time being. I also advise you not to borrow money for trading – ever. What do you trade at IQ Option? Forex or CFD (Crypto)? I am in a long position (buy) on Bitcoin at IQ Option for a while now and my investment is currently up by 45,4% since the time when I have created it. Have you considered long term trading? You can try it on the free demo I mentioned.

  • Taz

    Pardon me for my ignorance,but can you pls. clarify this to me.In Iq options’ forex-if I use a leverage of 1:25 and I made
    a 100% return-does that mean that ex; a single trade of $10 can turn to 250 if it goes in my direction and if it don’t I’ll just lose $10 and I really won’t owe them anything.
    Its just that I’m so scared to use leverage.

    • Michael
      Michael

      Hello Taz,
      In forex trading, there are no limits to what you can earn. So yes, theoretically you can make a single $10 trade and earn 250$. To answer your second question, yes, you can not lose more than you have invested, IQ Option has negative balance protection policy (so it will automatically close the trade when the price goes too much in the opposite direction). So you can never owe them anything. If you are scared to use leverage with real money, go ahead with a practise account which is free.

      • Andrew

        Hie Michael so do you mean that if i invest 2 dollars and yield it x50 if it goes my way it all in the pocket ? and if it happens hat i lose i will only lose 2 dollars?

        • Michael
          Michael

          Hello, Andrew,
          If you trade Forex or CFD and use the IQ Option leverage, you can benefit even from small price movements. So theoretically the limits to what you can earn are unlimited, as long as the price goes to the direction you chose. The maximum leverage is 1:1 000. And yes, if you invest 2 dollars into one trade, you can not lose more. IQ Option has negative balance protection so that you could not lose more than you have invested.

  • Thusego Sebele

    so Mich when exactly is the right time to buy in forex

  • Olamide

    Hello Mr Michael. Pls what’s your email address..I have started trading on iq option for a while now…but I feel i need a tutor friend who can put me through. My question is this does long term trading work with forex. Or is it just crypto?

  • Frederick

    Hi Michael,

    How does the multiplier work? I invested in Bitcoin and placed a x30 multiplier, how will this affect my investment?

    • Michael
      Michael

      Hello Frederick,
      Currently, the maximum leverage is 1:5 at IQ Option. If the price goes in your direction you will earn 5 times more than without using a leverage. But you can also lose 5 times more if the price goes in the opposite direction.

  • John

    Hi Michael,

    I don’t know if I’m doing something wrong? I used x1000 multiplier and $1 on a trade, the trade auto closed in my favor at +108.37% . I made $1.07 profit. Does that sound right?

    • Michael
      Michael

      Hi John,
      Yes, that sounds correct, I looked at the screenshot you send me on my email. Your trade closed +108.37%. So from your investment 0,99 you made profit +1,07 = so in total you had 2,06 $.

      • Dan

        So what is the point of a multiplier? In the previous example should the $1 x 1000 be 1000 x 108%

        • Michael
          Michael

          Hello Dan,
          The point of using a multiplier is as the name suggest, to multiply your winnings (or losses as well). So if you use leverage 1:10, you will earn 10 times more from price movements of your asset than you would without using it. Simultaneously you can lose 10 times more.

  • Dave Reeves

    Hi Michael
    I invested in Ripple while at .23 but in it for the long term. Do I need to turn off the auto close if I want it to just keep on going up?? Like many I’m fairly new to all this.
    Thanks in advance
    Dave

    • Michael
      Michael

      Hello Dave,
      It depends, at what level did you set it? Ripple is now at 0.77 so if you set up auto closing when a loss is at a certain price, it will not be likely met as the price of the cryptocurrency continues to grow. In such case, there is no need to turn it off.

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