Pros & Cons
- 13 Language Options
- Trade Bitcoin and Ethereum
- Free Sign Up
- Skrill Accepted
- Winners of Multiple Awards
- Limited Cryptocurrency Pairings
- High Risk Trading
- No Option to Buy Bitcoin
Our Expert Rating
Average User Rating
IQ Option is not a digital currency exchange, but a Forex Broker, however if you are one of the many people who have been seriously thinking about trying to cash in and make profits from the ever rising values of digital and crypto currencies, then I think you should read on!
What IQ Option is going to be offering you is a service whereby, once you have signed up to their trading platform, you are then going to be able to pair together any two currencies, one of which could be for example Bitcoin.
By doing so you will then be offered a payout rate that will be paid out to you based on your invested amount on that trade, if at the expiry time of the trade the value of the fiat or cryptocurrency you predicted would rise or fall does actually do so!
As such, if for example you think that Bitcoin is going to rise in value over any given time period against the value of US Dollars, then you simply need to pair up those two currencies, and decide how much to invest.
If Bitcoin does increase in value at the time the trade expires then you will be paid out at the payout rate you selected. The main benefit of using a Forex Broker is that you are never going to have to buy Bitcoin first, and then hold onto it until its value does rise and then try and sell your Bitcoin!
If on the other hand you think that the value of Bitcoin is going to fall then you simply arrange the pairing the other way around, and as such you will be hoping it does decrease in value, in our example when compared to US Dollars.
There is nothing complicated what so ever about becoming a Forex Traders, in fact if you do make the wise decision of signing up to IQ Options they are going to give you access to a demo trading account, and that way you can try out placing any type of currency pairing you like but by using demo mode credits.
You will be placing those trades in a real life trading environment, but you will not be risk anything doing so as you are simply paid out any profits with additional demo mode credits.
Keep in mind you can of course chose to buy Bitcoin but by doing so you are first going to have to select a digital currency exchange, and one thing you are going to always be hit with when you do so is fees and charges when you buy and then sell any digital currency.
Obviously when you do trade Forex there are risks involved in doing so, but it is something of a 50-50 type of trade you will be placing for there can only be one of two outcomes that the trade with end and with and those are that the currency you have selected will either rise or fall in value.
You are going to be able to fund your trading account at IQ Option very easily for they do have a range of different deposit options that are available to you, and one thing you will also appreciate is that they do have a very wide range of withdrawal options available to you too, and they are a very fast paying Broker too.
If you are not completely sure whether you are going to take to trading Forex, then there is nothing stopping you from opening up a demo trading account to see for yourself and at first hand if it is something you will enjoy doing, and it will take you less than a minute to register as one of their new traders too.
Just keep in mind that you could also hedge any potential losses when you do also have a holding of any quantity of Bitcoin by using a Forex trading account, and I am aware of many people who do so, just in case the value of their Bitcoin holding do start to decrease in value. However, whether or not you do so is always up to you, but it is worth thinking about for sure.
Detailed Information about IQ Option
You may be very eager to sign up to the very first trading site you come across, however you should never be in a rush to do so. There will be benefits of taking some time and actually comparing just what each one has to offer you and that is going to be easy as you read through this review.
If IQ Option has caught your eye, and you are thinking of become one of their customers then please read on. Below you will find all of the information you will require to help you make a decision as to whether they are the Broker for you.
IQ Option Fees
Currency Trade Fees May Apply and also there arevarious Payment Method Fees
Withdrawals from IQ Option
You are always able to pick and choose when and how much you can withdraw from your IQ Option account and one thing you will appreciate is that they do offer a wide and very varied range of withdraw options and methods too.
Try and pick one however that is not going to see you having to pay any fees or charges, as that way you are going to maximize your financial gains and profits on all of your Forex related trading activities.
Customer Support Details
The best aspect of IQ Option is that they have one of the most comprehensive customer support services available, and as such you are always going to be able to make contact with them.
They offer an email support service to all of their customers and potential customers. However, they also do have a range of toll free telephone numbers that you are going to be able to make use of at any time of the night or day if you do wish to make contact with their team.
Having made your mind up that you would like to start Forex trading, then there is no doubt in my mind that as soon as you become a client of IQ Option you are never going to experience any problems pairing up any digital currencies or fiat currencies and trading them against each other.
There are quite a number of benefits of using Forex Brokers such as IQ Option as the way to invest in digital currencies especially, for you are not tasked with having to buy for example Bitcoin and then hold onto it until its value rises and then sell it to lock in a profit.
The way that the IQ Option trading platform works is so simple it is going to take you just a couple of minutes to get the hang of using it, and as soon as you do so you will be happy to use it again.
Frequently Asked Questions
As you may just have one or two questions still remaining about IQ Option, please do keep on reading as by doing so you will find the answers to several different questions that many people are seeking the answers to.
How many language options are there?
Do keep in mind that you can also view their website and their additional help files in many different languages too and as such if you are completely new to the world of Forex trading you are always going to be able to view every aspect of their site and training guide in your own home language.
Which cryptocurrencies can I trade?
When you weigh up the actual costs of buying either of those two currencies these days, you will then see the main attraction of simply placing trades on their values as you will never have to buy hold onto and then sell any of them in the hope of making a profit from their volatility.
Is there a registration fee?
Keep in mind that you do have plenty of deposit options available to you, and as they are one of the leading Forex Brokers they do tend to offer an exclusive and unique rage of currency and digital currency trades that you are not going to find available at other Brokers.
What payment methods can I pick and choose from?
Plus, you will also find a great number of withdrawal options too and they have also recently added Skrill as one of their payment methods too, so if you do have a Skrill web wallet then you are going to be able to use it to instantly fund your IQ Options account and also benefit from very fast payouts back to that web wallet too!
Is IQ Options reputable?
In fact, over the years they have won multiple awards in regards to their services, and as such I am more than happy to showcase to you as one of the very best run and operated Forex Brokers and one that I just know you are going to experience a first class trading experience too.