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Trade Cryptocurrency On IQ Option 2018

IQ Option is an online binary options trading platform. Aside from being a binary options platform, however, IQ Option also recently announced the launch of its Open Trading Network platform, or OTN, including the launch of OTN tokens. 

IQ Option recently added cryptocurrencies to the platform. Today, you can trade 12 different cryptocurrencies via contracts for difference, or CFDs. That’s why IQ Option has launched a new marketing campaign catered towards cryptocurrency users.

IQ Option cryptocurrency

IQ Option features cryptocurrency trading in its offer. Clients can trade either on a free demo account or on a real account from 10$. And because real trading is possible even with super small investments, traders are not required to buy the whole coins, but also only their portion.

Risk Warning: The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

How Cryptocurrency Trading Works On IQ Option?

IQ Option currently offers twelve different cryptocurrencies available for trading via CFDs. It doesn’t appear that you can actually buy real bitcoin or cryptocurrencies through the platform. You never actually own the cryptocurrencies – you’re just trading based on your predictions.

Cryptocurrencies are traded as easily as you trade other contracts on IQ Option. You can view graphs of their stats over time. You can trade via a web interface or through your mobile device.

You can also access popular tools like stop loss (SL) and take profit (TP). Stop loss is used to open a position, while take profit is used to set a price or value at which the transaction will be completed automatically when reached.

OTN Tokens at IQ Option

IQ Option newly implemented distributing OTN tokens which you can receive by trading cryptocurrencies. OTN Tokens are received every Monday depending on your trading volume of cryptocurrencies in the past week, but if you have created at least one crypto trade, you will receive some small portion of them. They can be used for reducing commissions which broker charge on cryptocurrencies.

Cryptocurrency Transactions Spread at IQ Option

IQ Option will not charge any fees for starting a crypto position in addition to the spread. The spread that crypto brokers have is the difference between how much will one cryptocurrency cost you as well as for how much you can sell it back again to the broker. How tight the spread is available in the primary menu where you decide on the cryptocurrency that you want to trade. The spread is shown for a cost of one coin. Therefore the more one coin costs the larger spread is shown.

Additional Features

IQ Option places a good amount of focus on its users and the platform enables customers to trade with confidence by incorporating a number of features that greatly enhance the overall trading experience.

Is IQ Option a Scam?

IQ Option is currently very popular broker and I definitely do not consider it to be a scam. Presently the company has over 3 and a half million active traders from all around the world, even though they started with just a 15 000 accounts in 2013. As one of the biggest advantages that I see at IQ Option is that risk of trading is entirely in your hands. Firstly, it’s because you can use a free demo account without making an initial deposit for as long as you need, and secondly, because you can create trades with just 1$.

Finally, IQ Option is not available to the residents of countries such as the United States, Canada, and Japan. These nations are home to large numbers of financial literate individuals and the platform would be better off with their presence. However, IQ Option still caters to traders from over 178 countries and provides a comprehensive service to all its users.

iq option

IQ Option Cryptocurrencies Is The Best Crypto Broker Available Now. 
I recommend anyone to at least try out the trading platform at IQ option, even via a demo account, which can be created without the need for an initial deposit.

Trade Cryptocurrency On IQ Option 2018 Trade Cryptocurrency On IQ Option 2018 Reviewed by M2Y4F on December 22, 2017 Rating: 5

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