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HomeLifestyleTradingWhy Is IQ Option the Best Broker for Cryptocurrency Trading Right Now?

Why Is IQ Option the Best Broker for Cryptocurrency Trading Right Now?

NEW YORK - USA - Finding the right broker for your trading needs, whether cryptocurrency trading or Forex can be like finding a needle in a haystack. Read this for the definitive broker to realize your trading dreams.

IQ Option Europe Ltd, or IQ Option, is a comprehensive online trading platform that offers a wide variety of investment choices for traders to make trades, such as crypto, forex, cryptocurrencies and more. But what separates it from other brokers out there? In this article, we’ll take you through the benefits of using IQ Option.

On the surface, IQ Option has a sleek and easy-to-use interface. You’ll have your pick of choices, as IQ Option offers more than 100 assets and instruments ready for trading, from a wide range of market sectors.

You can do anything from tracking the growth or decline of a company’s stock to trading forex pairs. IQ Option covers not only the bases – it has all the basic features that any online broker should have — it also goes beyond expectations with its advanced technical features. IQ Option Trading Platform 4.0 can handle almost 10 different charts at once, which allows you to compare different sources of information at a glance.

It also has a small minimum deposit of $10, so you won’t have to risk it and invest more cash than you’re ready to. That’s a much lower minimum deposit than some other brokers offer. This is great if you’ve just stepped foot into the trading world, and you don’t want to bite off more than you can chew.

There’s also a demo account option for new traders or those who want to familiarise themselves with the site before they start making payments. The demo option does not require you to deposit real money, and all investments accessed through the demo only use virtual money, making it a great way for beginners to try out and practice with no fear of losing money.

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IQ Options Gives You A Wide Range of Trading Options

IQ Option is known for offering its customers comprehensive access to investment instruments and assets. But it is most well known for stocks and large, well-known firms with large market capitalizations such as Microsoft, Alphabet, Amazon, and Bank of America. These are also available to trade as CFDs. IQ Option also allows you to trade with a wide array of cryptocurrencies, from big players such as Bitcoin to newer ones such as Litecoin and Zcash.

Furthermore, IQ Option also lets you trade with many different fedex (foreign exchange) currency pair combinations. There are the usual suspects such as USD/Canadian Dollar, UK Sterling Pound/Canadian Dollar, and so on.

Less-used currency pairs can also be traded, such as the US dollar/Russian ruble and the US dollar/Polish zloty. If you can think of it, whether ‘it’ is a stock, currency type or cryptocurrency, it is likely tradable on IQ Option.

Great Interface and Comprehensive Indicators and Technical Tools

The popularity and usefulness of any online platform rest on its interface design. And IQ Option’s interface does not disappoint. It offers a wide array of technical tools at your disposal, and you can manipulate them to your heart’s desire to form a focussed and thorough trading experience.

The technical indicators at hand are designed to provide extra clarity on market performance. They include highly specific tools (such as stochastic oscillators and fractal indicators) that zoom in on tiny details that don’t seem very important at first but light the way for a better and clearer understanding of the market. When viewing charts, you may also choose from a selection of graph styles to find one that fits your needs.

If you ever find yourself scratching your head in confusion at the representation formats, the IQ Option customer service team is only a short phone call away. They are online 24/7. If you are not fond of calling, you may also chat with their live chat assistant or seek help in the support chat group in the trade room.

It Has An Easy To Use Deposit Process

Signing up for IQ Option is simple, but its’ thorough verification processes take a little longer. The platform has certain sign-up requirements that you have to abide by. The first step is to provide documentation about yourself, which includes an identification document issued by a government, a photograph of yourself, your name and proof of address.

This may seem like a hassle, but doing a bit of legwork beforehand is beneficial in the long run. With a thorough check-up process, IQ Option deters fraudsters and scammers in the system. As a potential trader, you will be better protected from those trying to make illegitimate claims.

After your registration has been approved by the IQ Option team, you will then be able to deposit through all the conventional methods, such as through credit and debit cards using Visa and Mastercard. You can also choose to deposit in other ways like other online payment providers and bank transfers.

IQ Option is a Well-regulated Platform

IQ Option takes care to make sure its platform is well-regulated, with reliable security functions and safety nets in place. These security functions serve to protect your money from going where it shouldn’t.

When you invest money in a company, you can be sure that it’s not going directly to the company’s own funds, but rather in a separate account. Clear boundaries ensure that you won’t lose your money due to underhanded tactics.

IQ Option is also part of the Investor Compensation Fund, which is a safety net that protects you in unlikely cases where IQ Option can no longer payout money. If you encounter a problem at any point in your trading experience, you can rest assured that you can still reclaim most funds that you are owed.

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Handy Economic Calendar

One of the handiest features offered by IQ Option is its economic calendar. This calendar provides you with ready information on significant world events happening in real-time, so you can use it to gauge the rate of success for your trades.

The information provided includes information on stock exchanges to a country’s growth rates. Although you could theoretically find the information online, you don’t have to go on a treasure hunt with IQ Option’s economic calendar, which lets you see all the facts in a single place. That saves up valuable time spent fact-finding that you could have spent on more useful endeavors.

We’ve listed some of our favorite features about IQ Option above. It’s a very popular trading platform, and according to the review published by Business24-7 IQ option has become one of the market leading brokers when it comes to cryptocurrency trading.

Furthermore, there are some special requirements on the IQ Option platform that you need to know about as an Islamic trader. The details were in-depth covered in the review on business24. Whether you’re a new hand or a seasoned trader, IQ Option is a good choice for anyone looking to grow their hard-earned cash.

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