May 6 2019 02:45
Hi Nguyen,
Basically in binary options, clients don't actually sell or buy assets as forex does. Clients only estimate the price movement, if it is true it will be profitable, and vice versa.
That is totally different from forex, the trader will trade directly on the market through the help of a broker. And forex trading is needed technical and fundamental analysis in order to find the best entry momentum.
May 10 2019 02:45
IQ option provides many types of trading instruments like CFD/Crypto and Binary option too. Should I choose the IQ option as my Forex Broker? As far I researched IQ option is regulated by CySEC.
May 15 2019 05:17
@Si Gason, Personally, I wouldn’t touch any Cyprus regulated broker. I don't trust them and prefer another regulation like FCA, ASIC, CFTC, BaFin, etc. Are there any brokers regulated in your own country?
May 17 2019 09:16
Short answer, Not Very Reliable and I’ve heard a lot of bad things about them. In my opinion, just stay away with binary trading, they will plunder your money slowly. And this thing..
"As far I researched IQ option is CySEC regulated"
doesn't mean anything.
May 21 2019 07:28
@Si Gason,
They are ok for a demo account - except their platform is really quite hard to master and they insist on quoting in %'s instead of values or Pips, so you get something like;
$100 invested, price - 2%, Close when the loss is - 35% Close when Profit is 67%. You CAN access “asset values” and set stops and TPs there, but it still shows % on the main screen
There is a picture of a camera, but when you click it, it wants you to “Upload photograph”
Bid-Ask spread jumps about a LOT!
I went there to look at “Binaries” and had a few bets, but then realized that I won one at a funny time of night and only received 35 cents! when I bet a dollar. - Daytime was better but still a pretty big difference.
