IQ Option : Forex and CFD trading – Leverage & Spreads

Famous broker IQ Option known for its ultimate trading platform, a free demo and an extremely low minimum deposit of 10$ features CFDs on Forex, Stocks and cryptocurrencies. In this article, we are going to review all of these trading instruments.

As of today (26.11.2018), on the IQ Option platform, one can trade over 85 forex pairs, including major, minor as well as exotic currency pairs. The number of available CFD stocks to trade on the platform is now 171. They cover famous brands like eBay, Apple, FB, Google, IBM, Amazon, Microsoft and many others.

There are CFDs on (12) popular cryptocurrenciesBitcoin, Bitcoin Cash, Ethereum, Ethereum classic, OmiseGo, Qtum, Dash, ZCash, Ripple, Tron, EOS, Litecoin

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IQ Option leverage – Forex, Cryptocurrencies, CFDs

For different asset categories have IQ Option different financial leverage. It also differs for traders from regulated and non-regulated countries. Here is a table describing the leverage (up to) of each asset category.

Asset category Regulated countries Non-regulated countries
Major currency pairs 1:30 1:1000
Minor and exotic currency pairs 1:20 1:300
Stocks 1:5 1:20
Cryptocurrencies 1:1 1:100*
ETFs 1:5 1:100
Indices 1:10 for HK 50, 1:20 for others 1:150
Commodities 1:20 for Gold, 1:10 for others 1:150

The table was updated on 28.11.2018 for which it is accurate. *For Bitcoin, for Etherem and Tron 1:50, for rest of the cryptocurrencies 1:20.

Why is leverage different for traders from regulated and non-regulated countries?

The obvious qeustion after going thourgh the table above, right? Here is the deal. In the EU, all regulated brokers have to follow the new ESMA law which states the maximum leverage for each asset category a broker can offer. In non-regulated countries, a law that would set the maximum leverage does not exist and therefore the broker can make this decision on its own. We all know that leverage can multiply our winnings as well as our losses and because ESMA wants to at least somehow limit the risk that EU clients take, they established this law.

Where do I find leverage on the IQ platform? – Multiplier

If you wonder where do you find leverage on the IQ Option trading platform head to the main tab where you select your asset, here if you choose i.e. forex you will see several currency pairs looking similiarly like this.

Now, you might have notice that there is no such thing as leverage on the picture above, that is because the broker calls it as a multiplier, but it is exactly the same tool.

How to trade Forex with 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 reachea s 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

close up look
close up look

Spreads at IQ Option are not as competitive as at Plus500, but they are still fairly tight. The general rule of thumb is that the more popular asset you trade, the lower the spread is. You can find spread for each and every forex, cryptocurrency pair or a stock in the menu where you select your asset (just like you can see in the EUR/USD asset information above the video). Now, the spread is on the IQ Option platform inpercantage so if you want to know how many pips the spread is you have to open the asset and have a look in the left bottom corner.

Major currency pairs EUR/USD 1 pips
Minor currency pairs EUR/GBP 2.9 pips
Exotic currency pairs USD/NOK 48 pips
Stocks BMW $0.132
Cryptocurrencies Bitcoin $281.22
ETFs QQQ Trust $0.348
Commodities Gold $1.12
Indices AU 200 $9

The data were taken on 28.11.2018 at 13:13 GMT+1.

The spread at IQ Option is based on market conditions, it changes real time. Use the table above is to just give you a general idea where the spread might hover.

Open your trade when it reaches a specific price

Do you want to open a position when a certain cryptocurrency, forex pair or CFD stock reaches a specific price? Then I have great news for you. IQ Option now allows that. Once you open more information about the 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 automatically activate when your determined price level is hit.

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Author: Michael
Hi, I'm Michael and my area of expertise is forex and cryptocurrency trading. I specialize in technical analysis, namely in chart pattern setups. 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. I do not give investment advice, but for general inquiries please use the comment section under any article.


  • 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 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

      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

      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

          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

      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

      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

          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

    • 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.

  • Paul Caleb

    if i put 100$ and my iqoption balance is 0$ and my multiplier is *1000(times 1000) and i close at +20$ profit, what amount will be credited to my iqoption balance?

    My calculation is 20$ * 1000 = 20000$ (i calculated my profit times my multiplier), then 100$ + 20,000$ = 20,100$(i added the amount i put plus the 20,000$ profit)

    so my iqoption account will be 20,100$…but i dont know if my calculation is correct, pls explain to me :s

  • Evans

    Hello Michael…i don’t know if am right, but i have just seen it that you closed your trade when you were satisfied. So that means that if i invest and i see it that am going loss i can wait until i go profit then i close trade?

    • Michael

      Hello Evans,
      What trade did I close? What do you mean? It is up to you to decide when you want to get out of the position when trading Forex/CFDs. So if your decision is to wait until the price bounces again up, it is a possibility.


    At what time I should expect tighter spread on EUR/USD currency pair,because most of the times the spread is always way much wide even in when this two currencies are much active!Please help brother out I’m frustrated with the spread only.

    • Michael

      Hello Mokame,
      When the market has the biggest trading volume. I see that for the EUR/USD currency pair is the spread now 1,3 pips, which is as you say really quite wide. This, however, changes all the time according to market conditions. I also checked for you spread at Plus500 for this pair and it is now 0,6 pips, but that can change any time as well.

  • Alvin

    Hello Michael
    How does the multiplier in IQ Option work? How does it correlate with the PIP movement?
    If I commit 5 dollars with a x100 multiplier, how much do I get in terms of profit?

    Thanks in advance

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