IQ Option trading platform (Binary) supports a Multiplier feature, allowing traders to leverage their capital, such as $1 × 5 = $25, to maximize potential gains.
Time frames range from 5s–1m candle analysis to 1h–30d time frame for long-term strategies.
Key trading features include Auto-close, Pip Value, and customizable Templates, Widgets, and Scripts to enhance trading precision.
IQ Option Platform Features for Trading
When it comes to what IQ Option Binary Broker features are, we can mention 9 important sections and tools.IQ Option Trading Options:
- Chart Layout and Display Options
- Customizing Your Trading Assets
- Currency Pair Information
- Adding Price Levels and Watch List
- Trader Sentiment Chart
- Chart Type and Time Frame
- Choosing Account Type and Deposits
- Placing Trades and Order Management
- Buy, Sell, and Order Execution
Chart Layout and Display Options in IQ Option
- At the top left, the Chart Layout section lets you change the displayed view. You can select a single chart or multiple charts for better analysis;
- To the left of the Chart Layout, another option allows users to switch between different views.
IQ Option Customizing Your Trading Assets
- To add new asset categories, click the plus (+) option on the top right;
- You can also change chart settings as per your preference.
Currency Pair Information on IQ Option
The currency pair name you are trading is displayed on the top left. Clicking the info option (below the currency name) reveals data such as:
- General information (type, category, general sentiment, last changes)
- News
- Technical analysis (Sentiment summary, Pivots, analysis time frame from 1m to 30d)
- Economic events (last week, this week, next week)
- Trading conditions (e.g. minimum investment, spread, etc.)
IQ Option Adding Price Levels and Watch list
- Next to the info option, click Create Alert (Bell Icon;)
- Add a currency pair to your Alerts with a price level.
Trader Sentiment Chart in IQ Option
- The Trader Sentiment Chart on the left sidebar shows the percentage of traders predicting price movement;
- In our example, 84% of traders forecast a higher price.
IQ Option Chart Type and Time Frame
Just below the sentiment, you have top-down 5 different options:
- Switch between chart types: Candlestick, Bar, Line, Heikin-Ashi
- Candle Time Period: from 5 seconds to 1 month
- Graphical Tools: Lines, Trend Lines, Horizontal Lines, Vertical Lines, Fibonacci lines
- Indicators: including Momentum, Trend, and volatility with other tabs like templates, widgets, and scripts
- Time Frame: From 1 hour to 30 days
The table below provides information regarding the availability of some of the most well-known indicators on the IQ Option trading platform.
Indicator/oscillator | Available on Quotex Trading Platform |
Simple Moving Average | Yes |
Bollinger Bands | Yes |
Yes | |
Moving Average Convergence Divergence | Yes |
Yes | |
Parabolic SAR | Yes |
Commodity Channel Index | Yes |
Average True Range | Yes |
Average Directional Index | Yes |
Ichimoku Cloud | Yes |
Choosing IQ Option Account Type and Deposits
- Users can select between a real account and a demo account on the top right by clicking on their displayed balance;
- To deposit funds, click the Deposit option and choose from various options,such as IQ Option Skrill deposit.
Placing Trades and Order Management on IQ Option
On the right side, trading tools include:
- Capital amount: Enter the amount you intend to trade;
- Multiplier: Acts as leverage (e.g., $1 capital with a 5x multiplier = $25;)
- Pip Value: Displays how much a pip is equal to (dollar;)
- Auto-close (Stop Loss & Take Profit): Set price levels for automated closing.
IQ Option Buy, Sell, and Order Execution
At the right bottom, you can see:
- Buy & Sell options
- Spread of the currency pair
- Purchase at to set price level entry (e.g. Current.)
IQ Option Trading Platform in Comparison to Other Binary Brokers
Let's see different features available on IQ Option in comparison to other binary brokers.
Features | IQ Option Binary Broker | |||
Tradable Instruments | Forex, stocks, ETFs, cryptocurrencies, indices | Forex, stocks, cryptocurrencies, indices, commodities | Forex, stocks, cryptocurrencies, indices, and commodities | Forex, stocks, cryptocurrencies, indices, commodities, ETFs, and Composites |
Chart Types | Line, Bar, Candlestick, Heikin-Ashi | Line, Bar, Candlestick, Heikin-Ashi | Line, Bar, Candlestick, Heikin-Ashi | Area Chart, Bar, Candlestick, Heikin-Ashi |
Time Frames | 1 Hour to 30 days | From 5 Seconds to 30 Days | From 5 Seconds to 30 Days | From 5 Seconds to 30 Days |
Supported Indicators | SMA, RSI, Bollinger Bands, etc. | RSI, MACD, ATR, etc. | Alligator, EMA, Zig Zag, etc. | WMA, Donchian Channel, SMA, etc. |
Number of Indicators | Up to 20 | Up to 30 | Up to 30 | Up to 30 |
Supported drawing tools | Trend Lines, GANN Chart, Fibonacci, etc | Parallel Channel, Trend Line, Pitchfork, etc. | Fibonacci retracement, Trend Lines, Ray, etc. | Trend Lines, Horizontal lines, Fibonacii, etc. |
Trader Sentiment Chart | Yes | Yes | Yes | No |
Multi-Chart Display | Yes | Yes | Yes | Yes |
Trade History | Yes | Yes | Yes | Yes |
AI Trading | No | Yes | No | No |
Conclusion
IQ Option binary trading platform provides advanced tools like the Trader Sentiment Chart, which shows traders’ forecast for price movement in percentage.
Users can analyze price trends with multiple chart types, including Candlestick, Bar Chart, Line Chart, and Heikin-Ashi, while utilizing Fibonacci, Trend Lines, Horizontal Lines, and Vertical Lines for technical analysis.
For more articles about the IQ Option dashboard and platform, check out IQ Option Tutorials page.
