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Iqoption Review – Market Trading

Introduction

Iqoption is a market trading platform, specialising  in CryptoCurrencies, Forex, Options, Stocks, and ETFs. Their site is very professional, and they are even up front about the risks of trading, as well as the potential gains.

Signing Up

The sign up process is simple, and can link your Facebook or google account, as well as creating an account from scratch. They also offer the ability to create a demo/practice account and offer a video tutorial.

Background Information

IQ Option was founded in 2014, and begun to grow as an online trading platform. It has been established as a trusted trading platform, and it is up front about the risks associated with investing in stocks, Forex, Shares, or cryptocurrency, etc.

They are licensed by CySec in Europe, and is based in Cyprus.

How to use

The below image is a view of the ‘traderoom’ interface using a practice account:

It is incredibly simple to use with an interface to easily select the markets you wish to invest in. Before you deposit, you need to verify your email and Phone.

Your account dashboard is a separate page, easy to use as shown below:

From there you can open support tickets, change your details, deposit, and withdraw. They also have dedicated telephone support.

They also offer a mobile application for Android and IOS mobile devices as well as desktop applications for mac and windows. No matter your platform, you are covered, although Linux users will need to stick with the web application for now.

The trading platform supports transactions in virtually all government issued currencies, the traderoom has a dedicated section for cryptocurrencies which enables the trading of different cryptocurrency markets, and the option to cash out into fiat.

This is not a place to hold actual cryptocurrency long term, but a place to do trades on cryptocurrencies for fiat profit. If you are looking at buying bitcoin and holding long term, consider using an alternative solution to buy bitcoin such as wirex or coinbase.

Deposits and Withdrawals

You can deposit via bank card, bank wire, skrill, web money, etc. You must have a verified account before you can deposit.

You can withdraw up to $1 million a day, when fully verified, this includes a full ID verification. You can withdraw funds via a bank wire, to a bank card, via skrill, web money, etc, same as deposits. They do not offer Bitcoin withdrawals, but they allow trading of crypto currencies.

Additional Information

They also have their own blog, which discusses the latest news in the financial markets, including digital currency markets. Their blog is well formatted and can easily give you the news you are looking for in the financial markets. You can view a sample of the blog in the below image:

This site differs from traditional bitcoin exchanges in that it operates in many other markets, and is regulated by European financial laws and authorities, and as such is much less likely to do a bunk with your money, as happened with Mt Gox and cryptsy.

Our Verdict

Overall, this is one of the better regulated trading sites and is probably a safer bet from having them vanish with your money than most. For regular trading of cryptocurrencies and other markets, this site is probably one of the best to do so if you are not interested in holding Bitcoin or other digital currency long term or using Bitcoin in your own wallets.

However, be aware that trading of this kind runs the risk of loss, as well as gains with high risk. Even the site will warn you thus. As such, do not invest what you cannot afford to lose. If you are storing coins as a long term investment, do not do it on any exchange, but buy the coins and hold them in a secure hardware wallet, such as the Ledger Nano S.

We would recommend this website if you wish to trade on the cryptocurrency markets with a high degree of trustworthiness from the operator.