A Contemporary Re-Vamped Forex System Launched by IQ Option

IQ Option derivatives broker

IQ Option is a CySEC regulated derivatives broker spanning 176 US and European stocks, 120 foreign exchange instruments, four hard and soft commodities,13 cryptocurrencies, and 23 EFTs. It is equipped with a range of CFDs and options, binary as well as digital.

Other significant features include no swap fees, a $10,000 re-loadable demo account, and the option for clients to open live accounts with as little money as $10. Trade can be executed from IQ Option proprietary web, desktop, and mobile terminals. The client can also access lots of educational videos and technical indicators.

Leveraging the Covid -19 Foreign Exchange Market Boom

The pandemic has induced an unprecedented growth of interest in foreign exchange, especially in developing nations. An instance is the African Market where the trading volume has risen by 500% since the beginning of 2020, while the South Asian market has grown by 300%.

For optimizing this rise in forex, the IQ Option’s new;y launched foreign exchange service has included several improvements for easy use by traders. The system now uses portfolio management tools that are sleeker. These support easier visualization of specific and overall earnings and highlight important notifications.

The new upgraded system applies to both regulated and unregulated clients. In this new system, 120  currency pairs can be traded. Earlier, the number was just 22. This includes minor, major, and exotic pairings with both binary and digital options. Under the new system, leveraged trading is supported, but this is based on the location of the client. For non -regulated traders, the option is leverage up to 1:500 at margin rates from 0.2% with a minimum trade of 0.001 lot. For the regulated traders, it is slightly different. They are capped at 1:30 leverage. This is with the same minimum trade size and margin rates.

There is a plethora of online trading tools and software and traders are in a quandary of which one to use. They also view trading robots with uncertainty. According to IQ Option review, the doubts pervading in traders’ mind is not unfounded. Every new entrant in the scene claims to bring in the moolah. But the best bet is to tread with caution.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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