IQ Option is another popular cryptocurrency broker and a trading platform for CFDs. The platform has recently expanded (and added crypto trading). You can trade Forex, binary options and cryptocurrencies on IQ Option and enjoy the great savings.
IQ Option is a regulated broker that obtained its licence from the Cyprus Securities and Exchange Commission (CySeC). The license allows the broker to provide investment products across the European Union.
When discussing the safety of the clients’ funds, all of the money is kept in a secured segregated account that is off limits for the broker business. This works as a safe deposit box for all the funds and they are monitored on a regular basis. This ensures that the broker always has a minimum amount of funds stored in case clients all decide to withdraw at once. The feature is extremely important since it makes sure that there is liquidity available at the exchange at all times of market stress.
Moreover, the CySec regulators are what keep the security of the clients’ funds on a very high level. This means that if something ever happens to the platform the deposits are insured up to a certain level by the Cyprus regulators.
IQ Option first started as an option platform that offered only traditional assets to trade. By traditional, we mean stocks and commodities, ETFs and plain forex. However, the platform has been increasing its offer for cryptocurrency assets as well. On their website, you can see the list of all crypto pairs that are offered. There are more than 12 pairs and you can always trade by adding more.
There are also a number of payment options available that traders can use. IQ accepts cards from MasterCard and visa but they also accept payments through online wallets including Skrill, Cash U, and Neteller.