If you are new to our website, you may wonder, what is IQ Option and how does it work? This article will answer all of the basic questions you may have, so that you could start your journey as a trader and understand how to use the IQ Option platform.
What is IQ Option all about?
IQ Option is a trading platform where you can trade a wide variety of instruments. Among them are CFDs on Forex, Crypto, Stocks, Commodities, Indices and ETFs. You may find the available for trading assets in the Assets tab and check the price performance as well as trading hours.
IQ Option trading is Contract For Difference (CFD)-based. It means that by opening a deal on the platform, you will have an outcome based on the changes of the price of the asset without acquiring it. When opening a deal on the platform, you make a prediction about the direction of the price development and open a deal correspondingly (click BUY or SELL). The outcome of the deal will depend on the direction the trader chose and the actual direction the price moves.
How to start trading with IQ Option?
To start trading, first of all you need to create an account on the platform. To do that, sign up on the main page of the website and fill in the necessary information (name, surname, email address, password, phone number, country, date of birth). Once you have your account, you are welcome to start using it.
First of all, you need to learn about all the different features of the platform and try them out. This is where the practice account comes in handy. It offers $10 000 of practice money for free and you can use these funds to decide which assets you want to trade and which strategies work for you. You can access it by entering the trade room, where you will be able to open deals and make new investments. You can also access the platform from a desktop or mobile app.
Secondly, you may find lots of useful information on our website. We have video tutorials that you can watch, where each instrument is explained as well as some patterns, indicators and strategies. Lots of questions are answered in our FAQ and in our blog (the one you are reading right now). The blog also offers numerous articles on trading strategies, so you may check all of its sections.
“How much money do you pay?”
There is no fixed amount of payout that is guaranteed to each trader. The payout entirely depends on your strategy and knowledge and the investment amount. Of course, you can always withdraw all the funds from the platform, at any moment of time. To do that, you need to create a withdrawal request and pass the verification process. However, the amount that you make will depend on you and this is why it is important to educate yourself about the market, so that you could make better investment decisions.
Down the road you will definitely have additional questions, but hopefully now you understand the way the platform works a bit better. Use all of the helpful link to your advantage and do not hesitate to contact the Support if you need assistance.
