IQ Option has rolled out a new, upgraded forex trading system for both regulated and unregulated clients. IQ Option’s ‘Forex’ brings with it improved transparency of investment details, better portfolio management, traditional lot trading functions and nearly 100 more currency pairs.
IQ Option Forex Trading Conditions
IQ Option’s new foreign exchange services include several improvements, from asset range to ease of use and margin. The system has a reorganised, sleeker portfolio management tool that supports quicker and easier visualisation of overall and specific earnings and highlights key notifications. The list of currency pairs that can be traded as CFDs and options has increased from 22 to 120, including major, minor and exotic pairings with binary options and digital options.
Leveraged trading is also supported in the new system, to varying extents based on client location. Non-regulated traders can access leverage of up to 1:500 at margin rates from 0.2% with a minimum trade of 0.001 lot. Regulated traders, on the other hand, are capped at 1:30 leverage, with the same margin rates and minimum trade size.
The COVID-19 Forex Boom
The foreign exchange markets have seen unprecedented growth of interest since the start of the coronavirus pandemic. This phenomenon has been seen in both developed and developing countries, though the most significant increases have been in the latter. For example, trading volume in African countries has increased by 500% since the start of 2020, while South Asia has seen a 300% increase.
About IQ Option
IQ Option is a CySEC-regulated derivatives broker with a range of CFDs and options, both digital and binary, spanning 176 US and European stocks, 120 foreign exchange instruments, 13 cryptocurrencies, four hard and soft commodities and 23 ETFs.
The broker also offers a free $10,000 reloadable demo account, no swap fees, useful educational videos and over 100 technical indicators. Moreover, clients can open live accounts with as little as $10, execute trades from the IQ Option proprietary web, desktop and mobile terminals and access competitive leverage conditions.
To get started with the new IQ Option Forex trading system, click the button below.