One More Reason for African Traders to Join IQ Option: Increase in Multiplier

IQ Option, the attention-grabbing trading platform for traders all over the world has recently announced that for cryptocurrency trading the multiplier is up to 1:5.

IQ Option offers Binary Options, Forex/CFDs, stocks, indices and even cryptocurrencies to their African clients to trade on. With over 10 cryptocurrencies available at this trading platform, the traders have the option to choose from Ethereum, Bitcoin, Litecoin, Ripple and other top-ranked cryptocurrencies. 

What is popularly known as leverage in the trading world, IQ Option has given the name ‘multiplier’. Leverage or multiplier is offered by the trading platforms such that the trader has the option to increase the amount of their initial investment and earn more profits. It means that if x5 multiplier is applied then the return on investment will increase by 5% when the asset price changes by 1%. However, this only occurs when the trade is a success. 

IQ Option previously used to offer multiplier up to x5. The trader, in the real market situation, should approach it with more caution as the market of cryptocurrency is highly volatile and if the strategy is not implemented correctly then the trader may have to face high losses.

The news of IQ Option increasing the multiplier for cryptocurrency trading has been met warmly by the non-European traders. It is expected that more traders and investors will be attracted by the offer and take an interest in cryptocurrency trading with IQ Option.