Any Trader active on the financial market knows that forex is one of the most lucrative element to trade with. Forex brokers allow you to engage on the forex market with the small stakes. There are many forex trade brokers available, but they do not offer similar services or trade platforms. It is important that you have the right forex broker if you are to stand any chance of making a profit from your trades. You might wonder who is the best forex broker?
Our team of financial experts went all out to explore the various forex brokers available. They compiled a list of the forex brokers that they found to be the best. The list was used to come up with best forex broker review 2020. You’ll also learn how to choose the best forex broker. The best forex broker is based on the ease of trading on their platform, the trading signals that they offer, the minimum deposits that I require, the percentage payout, and how easy it is to withdraw your money.
Now Get Real Account with as little as $10. And start trading the BINARY OPTIONS, FOREX, FX OPTIONS & CRYPTOCURRENCIES at one platform. Click To Open Free Demo Account | Click To Get Real Account In $10 (Updated July 2019)
My Recommended Brokers Updated January 2020
|Broker||Min Deposit ($)||Min Stake ($)||Max Payout (%)|
|IQ Option||10||1||95||1st Choice|
|Olymp Trade||10||1||92||3rd Choice|
We have reviewed one of the best online forex brokers in the world below. We sent out or forex trading experts to explore the various forex brokers on the market. The found IQ Option to be the best forex trading broker. There are lot of aspects that informed this conclusion. IQ Option has been explored in detail below, to help you understand why it is the best.
It is almost impossible to conduct any review of forex brokers and not include IQ option. IQ option has managed to make other forex brokers look like they’re not trying hard enough. IQ option is the best when it comes to trading with forex elements. It is the best forex broker for day trading.
IQ Option is a strong forex broker with a huge number of subscribers. By 2016 the platform had 14,011,685 subscriber accounts. By the same year IQ option was averaging premium rates per day. The total trade volume averaged at $11 billion. Withdrawals by customer were $5,700,000 in the same year. IQ option now has over $17 million registered subscribers.
The Trading Platform
IQ option offers one of the most impressive trading platforms. It has a proprietary website platform which is accessible with all browsers and operating systems. It also has a mobile platform which is accessible from both Android and iOS platforms. The platforms are user intuitive hence easy-to-use.
All the trading platforms have all the tools you might need while trading. There are multi-chart layouts, fundamental and technical analysis tools, and even historical quotes. The desktop and mobile apps are easy to download and install.
Types of Trading Accounts
IQ Options offers two types of trading accounts for forex trading. They are an entry-level trading account, and a top-level trading account. The entry-level trading account requires a minimum deposit of $10 whereas the top-level trading account requires a minimum deposit of $1000. If you have been trading well on the platform and you become a high profile trader, IQ option might gift you with a VIP account. The VIP account has an account manager who helps you with your trades. The minimum deposit for the VIP account is $3000.
Some of the privileges of having a VIP account are increased profitability, 24/7 support, direct interaction with IQ option, free trading tournaments and a personal mentor. If you are a complete beginner, you could sign up for a free demo trading account and learn the ropes before you start trading on the real market. That will give you the confidence and a little know how of how to trade and how the market works. The best way to learn is to engage on the real market though. The demo account cannot fully replicate the real market.
IQ Option is the best forex broker for beginners. There are a variety of learning resources on the platform that beginners can use. People who’ve never heard of forex trading will land on the platform, learn and thing or two within minutes and start trading.
Currency Pairs and Trading
IQ option offers over 188 of currency pairs for you can trade with. Each trade has an expiry and the potential payout depends on the final price of the currency pair. Payouts can go as high as 2000% when there are strong price moves. Payouts keep growing as the expiry approaches under the forex options are affected by the same gamma and delta values that affect traditional options. The minimum trade on IQ Option is $1.
You can also engage in the many online trading tournaments arranged by IQ Option and win bonuses. The tournaments are sporadically offered, and details about each specific tournament provided on the trading platform.
IQ Option Overview
- Demo Account – Yes
- Deposit – $10
- Trade – $1
- Regulated By – Cysec
- Trade Signals – Yes
IQ Option is the best forex broker with low deposit.
IQ option has a 24/7 customer support service. They also have a wide range of money transfer platforms for deposits and withdrawals. You can use bank transfers credit cards and e-wallet payments. IQ Option has options such as Visa Electron, Maestro, MasterCard, WebMoney, Skrill, and Neteller. You can choose any that is convenient for you.
Withdrawing from the platform can take anywhere from a few hours to 10 business days depending on which channel you are using. You should withdraw funds through the same channel that you deposited through.
It is quite evident that IQ option is a superior forex trading broker. It has everything you would need to become a successful forex trader. If you’ve horned your market analysis skills properly, you’ll certainly be able to make a buck or two on the IQ Option trading platform. The best part is that you do not have to have thousand to get started. $10 is enough to get you started on a real account. If you can go for the top-level or VIP accounts, the extra privileges will help you take advantage of price fluctuations.
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