How to open deals with IQ Option when the market is closed

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

IQ Option – Experience

Many people who have seen an ad for IQ Option ask, what is my experience with IQ Options? Would I recommend trading with them to my readers or friends? And why? Answers to these questions and many others can be found in this article.

Why should I trade with IQ Option?

I’ll tell you one thing. The broker’s website is visited by millions of people every month. In April 2020 it was around 25 million (25 million) people. Secondly, this broker has 11 million active trading accounts that make over 1.5 million trades every day.

I think that this statistic speaks for itself. When we look at e.g. our favorite broker stockpair – they “only” have 300,000 visitors to the site per month. So why would people trade with this broker (IQ Option) if they were bad? Because they are not, read more!

Broker Bonus Min Deposit Payout Review Open Account
FREE DEMO ACCOUNT $ 10 Up to 100 % !* Review Trade Now!
*in case of correct prediction
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

My positive experience with IQ Option

Their platform for executing trades is as fast as a lightning, trades are evaluated within seconds, so no need to worry whether the broker has manipulated the price, as it can sometimes happen with fraud and scam brokers. IQ Option offers countless types of assets, perhaps the most I’ve ever seen, over 120.

The only problem is that if you are not a VIP member (you need to deposit a minimum of $ 3,000) you don’t have a good return on options. Short-term option are available for non-VIP members with the return between 85-90%. Otherwise, in the normal options (5-30 minutes), the return is around 73%. VIP’s returns are up to 92%. But this is certainly not among the worst on the market.

Broker IQ Option Platform

DEMO Account for IQ Option

Demo account can be activated immediately after setting up the account and once you’ve made your first deposit, the demo account automatically switches into real mode. You can switch back and forth between this demo (training) account and a real account quickly by pressing the downward arrow next to your current account balance.

However, I recommend using a real account for demo purposes too. Why? Because you can trade with as low as $ 1. Even though it does not seem like a large amount, you are usually more focused on trading with real money. With a demo account, it is not a big deal and it often happens that you enter trades carelessly. ��

What is YOUR experience with IQOption ?

Please let me know in the comments, not only because I care, but because your information can help other binary options traders. For me, IQOption is simply the binary options broker you must try, whether you like it or not. ��

Broker Bonus Min Deposit Payout Review Open Account
FREE DEMO ACCOUNT $ 10 Up to 100 % !* Review Trade Now!
*in case of correct prediction
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

More info about iqoption:

Author

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author

Selling option feature released!

Recently we have added a selling options before expiration feature to our mobile apps too, so now you can manage your trades on the go!

Let’s talk about how you can use it to manage the risks and return your investment in case of the wrong prediction.
This feature allows you to sell the option back on the conditions offered.

Cancelling and selling the option is not the same.

Deal cancellation means its full cancelation as per the purchase conditions. If you cancel the deal within the first 3 seconds after the option purchase, you receive the full amount of your investment back to your balance. Instantly. PLEASE NOTE: you can cancel the purchase ONLY if the chart has not changed since the purchase time.

Example: you buy an option with $1 and you can see the CANCEL button at the top right corner of your trading room. It will show you the time countdown so that you realize how many seconds you have left (2 seconds left in the example). If you press the CANCEL button, you will receive $1 back. That is the full investment refund.

All you need here is to be quick to decide.

Canceling the trade

Selling option back to us is available on certain conditions.

If the asset price is moving in the direction, opposite to the one you predicted, the system will offer you to decrease your losses by closing the deal before the expiration time.

Selling option before expiration is available on both Turbo and Binary trading modes. It is not available on the OTC trading (weekend trading) though.

The selling rate is being calculated automatically. It takes into consideration the historical volatility, deviation of the current quote rate from the quote rate at the time of purchase, time left to the expiration.

Example: you invested $1 into the CALL trade. The asset price falls by 34% comparing with the purchase price. You can sell the option back for $0.34 (34% from your investment). Thus, you get $0.66 back to the account. Quite a saving! (please mind that the example is relative)

Selling the option back

Here is a short video on this gorgeos feature too:

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.
87% 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.

News: IQ Option closing its classic option trades

The world of binary options has significantly changed recently with innovations coming one after the other. A few days back (on August 4th 2020), the broker IQ Option announced the end of trading its classic binary options.

Don’t worry though. Despite of this decision, trading of binary options as such with IQ Option is still possible.

The announced decision only applies to IQ Option’s in-house product called “classic binary options.” In fact, this type of options was something between forex trading and ladder options. The termination does not impact the trading of standard high-low options, we all know.

What is behind this?

I think that I know the reason for such a change. As we informed you a few weeks ago (see this article), plenty of brokers allowing trading of options had smoothly migrated to forex. Perhaps, they see it as a more lucrative business. IQ Option is no exception. Its platform has been offering Forex trading for some time already. Also, IQ Option has developed a mobile application fully dedicated to this type of trading.

Since classic options à la IQ Options were a kind of an emulation of forex trading, there was no need to keep this type of options as a burden on the platform. The platform is too complex already hardly manageable with old and slow PCs.

Currently, new positions on classical options cannot be purchased, this tool is closed for users. […] the volume of trade on this instrument was no more than 0.1% on average in the system.

Resource: IQ Option’s official statement

We will see what next changes will appear in this business. I would personally appreciate if at least IQ Option retained the binary options. Unlike 24option, or banc de binary – big brokers who closed down the business.

Open a free IQ Option demo account

Broker Bonus Min Deposit Payout Review Open Account
FREE DEMO ACCOUNT $ 10 Up to 100 % !* Review Trade Now! *in case of correct prediction
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Author

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Like this post? Please share to your friends:
Binary Options Trading Wiki
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: