IQ Option Crypto-Trading Review – What You Need to Know
Founded in 2013, IQ Option is operated by IQ Option Ltd. It is one of the largest trading platforms with over 20 million account holders registered on the platform. IQ Option Europe Ltd. is registered at Cyprus and is regulated by CySEC. However, IQ Option Ltd. Is registered at Seychelles but this entity is not regulated.
It may not come as a surprise that cryptocurrencies have almost taken over the world and it has diverted the interest of a majority of traders as well. Since trading is always about taking risks, if you are looking to invest in IQ Crypto Trading Platform, make sure you have all the information so that the risk of potential losses could be minimized. In this review, we have covered all the aspects of IQ Option Crypto Trading that you should know.
Overview:
- Available Cryptocurrencies: Neo, Litecoin, Ripple, Stellar, Bitcoin, Qtum, Bitcoin Gold, Bitcoin Cash, TRON, Ethereum Classic, Zcash, OmiseGo and others
- Minimum Deposit: $10
- Max. Crypto Leverage: Up to 1:10 (T&Cs Apply)
- Regulated by : CySec (IQ Option Europe Ltd, Cyprus). IQ Option Ltd (Seychelles) is not regulated.
- Demo Account: Yes
Note: Your capital is at risk
Key Features -IQ Options Cryptocurrency Trading Platform
Some of the core features of IQ Option include:
Several Account Options
IQ Option offers multiple account options for crypto trading. For novice traders, there is an option to create a demo account for free. A demo account is the best way to learn the basics of trading in a realistic manner and polish your trading skills. This demo account will benefit you when you will create your real account for actual trading. A real account is for expert traders who can start trading in cryptocurrencies in as low as $10. One of the best things about IQ Option is their support team that is available around the clock to help traders with their issues. Just in case you want to get some help, you can contact the support team.
Easy Deposits & Withdrawals
IQ Option provides easy and convenient ways to make deposits and withdraw your money. With just $10, you can begin trading. This money can be deposited through multiple payment options including Visa Card, MasterCard, Skrill, WebMoney, and others. Similarly, making withdrawals is also very fast in IQ Option. As much as 75% of all the withdrawals are instant that means you don’t have to wait for hours and days just to get back your money. The only drawback is that the withdrawal can only be made in the manner it was originally deposited.
Various Cryptocurrencies
IQ Option can be termed as the one-stop solution for all the cryptocurrency needs. There are more than 13 pairs that you can currently trade including Bitcoin, Dash, Neo, Ethereum, Ripple, Monero, Zcash, and others. Moreover, many other options will be available soon. No matter if you want to buy, invest or trade cryptocurrencies, IQ Option is the place. No matter which cryptocurrency you want to trade in, you can start with as low as $10.
Up to 10x Multiplier
Recently, IQ Option has increased the multiplier for crypto trading from x5 to x10 for traders in non-European countries. This is significantly more than any other platform. While this multiplier is basically introduced to capitalize on the momentary price fluctuations, it should be used with caution because it can also multiply the potential losses as well. This is why it is strictly advisable to use the multiplier only when you are certain about the price increases.
24/7 Customer Support
Usually, traders face a lot of troubles at the hands of brokers when it comes to the support. However, IQ Option is very responsible in this regard and offers around the clock support. They have a large customer support team that is capable to address all the problems in as low as 46 seconds regardless of what day of the year it is.
Maximum Leverage
IQ Option offers a maximum leverage of 1:10 (T&C apply) that provides you a chance to maximize your earnings by gaining a fairly higher trading position.
Mobile App
IQ Option also has an award-winning mobile application that can be used for binary options trading, crypto trading, and CFD as well. The user interface of the app is very easy that makes it easier for traders to view the performance of their accounts. It is available for both Android and iOS.
Easy Trading Conditions
There are no strict trading conditions. All you need to have to start trading is just a deposit of $10 and you are good to go.
Frequently Asked Questions
IQ Option Europe Ltd is authorized by CySec (IQ Option Ltd, Seychelles - is not regulated) and it is 100% genuine platform for trading in cryptocurrencies.
The minimum amount of deposit is only $10.
Using IQ Option for trading cryptocurrencies, the maximum leverage of 1:10 can be applied (T&Cs Apply).
IQ Option offers forex, stocks, binary options, and classical options as well other than cryptocurrencies. Moreover, ETFs will be available soon.
No, there are no charges to use the Demo Account. It is free for all.
Conclusion: Shall I Trade Cryptocurrencies with IQ Option?
By taking into account all the key features of IQ Option, it is concluded that it is one of the best platforms for trading cryptocurrencies. Not only do they offer top-notch customer service, but there are several options for cryptocurrencies available that can help you choose the right one for your money. However, you should have basic knowledge about trading and if you don’t have it, you can end up sustaining a loss. Furthermore, a major drawback of IQ Option is the fact that withdrawals can only be made in the manner in which the funding was made.
Note: Your capital is at risk