Trading on IQ Option platform is really accessible and mobile as we offer apps for a variety of devices and operating systems: Windows, MacOS, Android and iOS. You do not have to be near your laptop (or even have a laptop) to have the opportunity to trade. Let’s have a closer look at the IQ Option Broker application and see how it works.
First of all, just like the web version of the trade room, IQ Option Broker app offers a practice account to trade on. To find it, open the app and click on the balance. You will be able to switch between the Real and the Practice account, as well as top up the Practice account to $10 000 at any time.
Total portfolio and pending orders
You can check your open deals or pending orders by clicking on the portfolio sign. Your trading history is also located there, in the “Closed” tab. You can click on each deal to see settings that were applied, as well as the open and close quotes.
Chart type and indicators
On the mobile phone app you can change the chart type and apply indicators, just like you would do in the web version. To do that, click on the corresponding icons at the bottom of the app. To set the chart type, choose the one you prefer from the list.
You can choose between a line chart, bars, candles or Heikin-ashi. Here you may also set the timeframe of the candles and turn auto-scaling on or off. To set the indicators, click on the icon right next to it.
Here you will find all the indicators and graphical tools you are used to, as well as several additions, like the Fibonacci Arc Lines or the Fibonacci Spiral. In the tab “Other settings” you may find such options like “Trader’s Sentiment”, “Live deals”, “Volume” etc.
Opening a deal
Now that you have adjusted all the main settings, you are ready to open a deal. To do that, you need to make several short steps. First, choose the asset by clicking on the plus sign in the left upper corner of the app. You will be able to choose from the list of all assets. Once you have it chosen, you can set the investment amount, leverage and choose the direction of the price. After you click Buy or Sell, you will be able to set the Stop Loss and Take Profit limits.
After you check all the settings, click “Confirm” to open the deal. Once your deal is open, you will be able to check it, edit the settings or close it in the “Portfolio” tab.
Do not forget that there are other features that you can check out on the app. You can explore the menu on the left, where you will find personal settings, market analysis, video tutorials and public chats (as well as the Support chat).
The IQ Option Broker app is your opportunity to explore the world of trading and enjoy the convenience and mobility of the application at the same time.
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
In accordance with European Securities and Markets Authority’s (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.
GENERAL RISK WARNING
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.