Is IQ Option Good For Making Money?

When we talk about IQ Option the most common question that comes forward is whether IQ Option is good for making money. The other question is whether people actually make money with binary options trading. The answer to both questions is yes and IQ Option is here to help you understand that with lesser risks and higher chances of success.

If you are just trying binary options trading as part of your investment portfolio IQ Option is highly recommended as an entry point. If you are an experienced and seasoned trader, you already know the many benefits of IQ Option. Either way, making money with this broker or the online trading platform gives you the means to efficiently manage risk and realise the correct opportunities to make the correct trades, that will help turn profits.

Always remember that earnings through binary options trading largely rely on your good judgement and preparation. Platforms like IQ Option are here to help you better your trades through services, features, and offerings.

Therefore, here are some advantages and features offered by IQ Option which prove advantageous do you:

1. Free Demo Account

The most attractive perk of trading with IQ Option is that you do not have to jump into something without first understanding it or getting acquainted with it. This is extremely ideal if you are a beginner or a first-timer. IQ Options offers free demo accounts that let you play around and explore the platform and get familiarised with the trading platform. The platform’s interface is designed to be user-friendly. With the online platform and free demo account, you can set out trading strategies and plan your trade so that when the time comes you are ready for real trading.

2. Knowledge and Education

IQ Option’s website provides pages with video tutorials detailing the trading techniques and how to use the platform. It is basically a free IQ Option training programme that will help you trade easily using the IQ Option platform. The education and training section also includes other things like comprehensive FAQs, insights from financial analysts and trading experts etc. All of this is meant to prepare you considerably even before you make your first real trade.

3. Deposit and Trade Minimums

One major advantage when it comes to IQ Option is that their minimum deposit requirement is only $10. In addition to that, the minimum trade that one can carry out is one dollar which is an important characteristic for those just starting out or entering the binary options market.

4. Collection Of Historical Quotes

IQ Option offers historical currency trading and financial instruments’ quotes. These quotes consist of information on the exchange rate of currency pairs and other financial instruments over various periods of time. When you see and understand the previous figures and rates and how they settled in the market you will be able to use them to test out strategies as well as carry out technical analysis.

5. Affiliate programs

Joining IQ Option’s affiliate programs is one way of earning money without having to trade per se. All you need to do is invite potential traders and investors to use and join the IQ Option trading platform and earn in the process. It is no secret in the industry that IQ Option has one of the most profitable affiliate programs.

6. Tournaments with cash prizes

IQ Option provides tournaments with cash prizes in which some are free, and others are paid but all of them have prizes and are ongoing. They are available for Non-European Traders only. Some of the tournaments are daily, some of them are monthly and the others have special time frames.

Like most things, even the IQ Option has its drawbacks and flaws. Therefore here are some of the disadvantages:

1. Inconsistent payouts

There are times when the payouts that you obtain can be 85% while other times the payouts can be around 40% for the same asset. This may be a disadvantage and not many people appreciate when it comes to IQ Option.

2. Withdrawal fee

Another disadvantage when it comes to IQ Option is that for bank transfers, they charge a hefty 50 USD. $50 as withdrawal fee sounds a bit much.

3. Limited binary options and variety of assets

IQ Option has a major drawback want it comes to the variety of assets. They also have very limited binary options contracts to trade.

In conclusion, one can summarise IQ Option as a good option for anyone who wants to start trading or is just a mere beginner. It offers an excellent and user-friendly platform where people can opt for a test run with the free demo accounts and a lot of different products that users can trade. And most importantly it is regulated and operates across the globe. To know more about IQ Option and how it can help traders, please visit www.iqoptionmag.com/