Bitcoin Discussion General discussion about the Bitcoin ecosystem that doesn't fit better elsewhere. News, the Bitcoin community, innovations, the general environment, etc. Discussion of specific Bitcoin-related services usually belongs in other sections. Cryptocurrencies offered on IQ Option Currently, IQ Option offers a total of 20 cryptocurrencies and tokens. Among these are leveraged cryptocurrencies. For example BTCx simply means Bitcoin with a times leverage applied. IQ Option is an up-and-comer in the cryptocurrency trading sphere and has taken steps to provide the most complete trading experience it can, including the ability to short-sell those cryptos. It works like this; IQ Option offers CFD’s on cryptocurrency that can be bought or sold to open.
Iqoption bitcointalkShort-Selling Bitcoin with IQ Option
The general rule of the thumb is that European traders can trade leverage, while traders from other jurisdictions can trade with up to The spread changes on Bitcoin at IQ Option according to the current market conditions and the selected leverage. As of now The overnight fee is on buy position IQ Option updates these fees every Monday. Apart from that, everything is the same. I have not seen the time limit for CFDs and Forex.
Please enlighten me. Hello Clifford, Binary and digital options always have an expiry time. When it is reached, the trade closes and evaluates. On the other hand, forex and other CFD trading instruments do not have an expiry time and you decide when you want the trade to close. I hope this is clear now. Hello, Thank you for your message. That is what I try to do here on the web, please read all the crypto content that I have created to get some basic understanding of cryptocurrency trading.
I would advise starting with this crypto guide for beginners. Best of luck! Hello Gerald, I believe IQ Option charges only fees on bank transfers, not on other withdrawal methods. Please think about using another withdrawal method. Here is a guide on how to do just that:. Decide how much money you want to invest in Bitcoin.
Select whether the Bitcoin price will go up or down. About Latest Posts. IQ Option started out as an option platform that offered traditional assets to trade. These included assets such as stocks, commodities, ETFs and plain vanilla forex. However, they have greatly been increasing their offering of cryptocurrency assets.
In the chart to the right, you can see a list of all the cryptocurrency pairs that are on offer at IQ Option. There are over 12 pairs that you can currently trade and they are always adding more. Although these may be just perfect for the normal cryptocurrency trader, there are numerous other assets that remain on the legacy platform of spot that you can dabble in. They are listed below:. CFDs are derivative instruments that will pay out the trader based on the difference in price at the beginning and the end of the trading day.
CFDs are also levered instruments which means that you can take a much larger position on a trade than you have available. This could amplify your returns provided that you manage your risk in an appropriate manner. For example, you have leverage of 10x on Stocks, 20x on Cryptocurrencies and a really punchy x on Forex.
It goes without saying that you should trade such instruments very carefully. Of course, IQ Option is known for their option instruments. These include their Binary Option and digital option offerings. These instruments are asymmetric instruments which means that they have a defined loss and profit. With these instruments, you will lay out a premium for the option trade that will usually be a small premium of the asset in question.
You will also have an expiry time and an expiry price. If the option expires in the money then you can make a large return on your investment. If it expires out of the money then you will lose the premium. IQ Option has a number of payment options that traders can make use of. They accept cards from Visa and Mastercard. For those who would prefer to fund their account through a simple wire option, they also have that option. This will usually take a bit longer than a deposit via card but the fees will be lower for larger amounts.
This will give you access to the real account explained below. Payments that are made via wire can take a bit more 2 days and this depends on where you bank is located.
They also claim that you can withdraw instantly with no questions asked. They state that these can be withdrawn in under 24 hours and that you can process any withdrawal amount that you would like. Our deposit was a wire payment and took about 1 day to arrive our bank is in the EU. The team at IQ option told us that we still had to verify our account. After verification went through, our funds were indeed sent and took a little over a day to hit our account less wiring fees.
One thing that the trader has to consider is that they can only withdraw in the same manner through which they funded. Customer service is something that is often in short supply among brokers and exchanges. This of course makes sense given the immense amount of people who want to invest and the limited number of exchanges where they can do this. Hence, we wanted to test the customer support response times and effectiveness at IQ Option. We did this initially in the verification phase when we were waiting on our documents.
We sent our docs off and they took about 2 days to verify. During the period we send out a number of support tickets on the platform as well as corresponded with them on email. Response times were about 2 hours on average.
While these response times are not the best we have encountered, they are definitely below average. We also have to take into account that IQ Option has millions of accounts at the moment which is considerably more than all of the other brokers and exchanges on the market now. There also seems to be a dedicated phone number for the team at IQ Option. It gives a slight personal feel to the trading experience. This means that they are legally allowed to take European clients.
These clients will also have full protections afforded by CySec. IQ Option has also spent a great deal of time translating their website and platform. For example, they currently have support for up to 13 different languages. In terms of the local laws, there are some countries that they are not operating in. One of the great advantages that we found out about IQ Option was their free demo accounts. They can trade on the demo platform as long as they like and there are no time restrictions.
If you have depleted the practice funds then you can always have it replenished. This is a great way for new traders to test out their skills before they invest any live money. You can also do this with practice funds without having to give over any personal information to start. Hence, you can quickly and easily test the platform without worrying about having to hand over any phone numbers or identity documents. Once you are satisfied with the trading platform and are comfortable with your trading skills, you can move onto a live account and invest your real funds.
There are two types of accounts at IQ Option for you to utilise. They are the Real account and the VIP account. When we did our tests, we did it on the live trading account and not on the VIP account. Hence, although we have no reason to doubt the benefits, we cannot verify the exact customer support that you are likely to get from an account manager. One way in which IQ Option really stands out is their state of the art trading technology.
Apparently, there are over developers who are constantly working on the platform in order to improve its efficiency. They have also consulted traders who have collaborated with these developers.
We went over the platform and were quite impressed with how functional it really was. Surprisingly, unlike numerous other platforms, it did not sacrifice the layout or simplicity in order to integrate the range of sophisticated trading tools available. These tools include numerous charting packages such as technical indicators and studies such as Bollinger bands and moving averages.
This could no doubt be a great advantage for all of the technical analysts out there. There are also numerous layout options that are available on the web interface. This is helpful for those traders who would like to be able to trade on numerous different assets simultaneously. What is also great to note is that IQ Option offers its platform not only as web based platform but also as computer based programs.
This will connect to the IQ Option infrastructure. We tried these out and they were much faster than the web based platform. This makes sense as our trading instructions were going straight to the servers at IQ option and not through a website interface first. Moreover, there was no browser software to slow down our experience. Like most trading platforms these days, you will have a range of different order types that you can submit when trading.
On the IQ Option platform, these will differ according to the asset in question. This is a major departure from most of the other platforms where you merely choose an asset price for your stops. Traders can utilize the following functionality:. IQ Option has a wide variety of charting options tailored to suit the needs of any trader. There are the following five different options to choose from:.
Indicators are the backbone of technical analysis and are used by day traders almost religiously. They are extremely useful when it comes to spotting trends, mapping momentum and identifying potential retracements. IQ option has 13 different indicators that you can activate on the charting interface. These indicators are listed below with a brief explanation as to their use.
One thing that we have noticed on a number of exchanges and platforms is the lack of any mobile trading functionality. This can be disadvantageous for those traders who would like to monitor their positions when they are away from their PCs.
Moreover, markets can move really quickly and time is often of the essence. IQ option has developed their trading technology on mobile trading devices. They have apps on the iOS apple store as well as on Google play as an android version.
They are free to download and you will connect your account to the app when you have it on your device. Although the functionality has been scaled down in order to not compromise the visual effects of the app, there is still quite a bit of functionality with some charts, indicators and pair choice. It would indeed be easy to manage a number of different trades simultaneously on the device.
The only issues that we encountered were that trades were placed with a slight delay from the app. This could probably have been down to the network connection in the area that we were testing. Hence, if you would like to avoid any delays in execution then you should make sure that you are connected to a Wi-Fi on your phone.
Something else that we came across that really intrigued us was the IQ Option trading competitions. These are essentially head to head trading competitions between a number of the users on the platform with prizes on offer. As traders are naturally competitive to their core, this is a great opportunity for them to test their skills with their fellow traders.