IQ Option in India – How to Trade Binary Options there

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How to Make Money With IQ Option in 2020 | A Complete Trading Guide

As a personal finance writer of Forex, Options and financial instruments; the question that I am asked the most is if a broker is legit. And if it is genuine, most traders still go ahead to ask about the trading conditions which make a broker stand out from the rest.

Admittedly I have had to answer a few questions here and there about IQ Option too? And it is quite important that today we review the platform.

Watch Video | Complete Guide of Binary Options.

So expect all info about this broker, scam checks and certainly a genuine thought why IQ Option is the best in Options Trading, Forex and ETF’s.

But even as you prepare to take that great first step to register, remember to trade responsibly: –

What is IQ Option Trading?

IQ Option is a simple trading platform that allow online clients to trade Forex, Option and ETF’s on various instruments across all popular assets (cryptocurrencies, stocks, indices, currency pairs and commodities).

IQ Option is a simple trading platform that allow online clients to trade Forex, Option and ETF’s on various instruments across all popular assets (cryptocurrencies, stocks, indices, currency pairs and commodities).

The company was founded in 2020 and it has since grown to gain over 25 million traders over the years.

Currently IQ Option does over 1, 800, 000 trades per day where traders withdraw over $10, 800, 000 per month.

As at 2020, IQ Option accepted traders from 151 countries including: –

Find the rest of the List on IQ Option Website.

Is IQ Option Legit?

Of course it is. This is if to go by the fact that it is licenced and regulated by the Cyprus Securities and Exchange Commission (CySec). A body which regulates brokers in European Union among other jurisdictions.

Of course it is. This is if to go by the fact that it is licenced and regulated by the Cyprus Securities and Exchange Commission (CySec). A body which regulates brokers in European Union among other jurisdictions.

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To obtain such licences a broker has to meet specific minimum requirements which IQ Options supersedes – including: –

Safety of Client Funds – money to be kept in a secure account that which is separate from broker business.

Protection of client data – IQ Option is fully SSL encrypted – this protect trader data from any potential hacks.

Details of Assets Available For Trading in IQ Option.

1. Stocks – IQ Option has 168 stocks that are available for trading in the platform. These include stocks by major companies such as Apple, Amazon, Microsoft among other listed corporations.

2. Options – With IQ Option users can Call Option (Buy) or put Option (Sell) different trade instruments across a varied assets range.

3. Forex – IQ Option Offers a huge range of currency pairs both for the traditional Forex trading and Cryptocurrencies.

4. ETF’s – Also Exchange Traded Funds are marketable securities that track a stock index on a range of assets. Prices of ETF’s change throughout the day as they are bought r sold. I IQ Option there are 21 ETF’s available for trade.

5. Cryptocurrencies – IQ Option allows users to trade over 10 cryptocurrencies which include all the top cryptos – Bitcoin, Ripple, Ethereum…

6. Indices – Traders who believe that particular stocks can increase overall in the future or in a short period of time can also speculate on particular indices in the market. IQ Option Offers 11 options to trade indices.

7. Commodities – You may also want to trade in the primary economic sectors by speculating changes in the prices of commodities such as wheat, gold, silver, platinum among other commodities. IQ Option offers 6 commodities for traders.

Signing Up With IQ Option.

There are so many easy ways that you can use to sign up to IQ Option – including signing up through Facebook, Google or simply click on the image below to register. You will be redirected to your new account with $10,000 demo units which you can use to practice for free. On real market conditions.

There are so many easy ways that you can use to sign up to IQ Option – including signing up through Facebook, Google or simply click on the image below to register. You will be redirected to your new account with $10,000 demo units which you can use to practice for free. On real market conditions.

Only note that demo accounts are solely for the training purpose and you can not withdraw any profits you make off your forecasts. On the brighter side, it’s risk free (you don’t lose real money with demo accounts).

Types of Trading Accounts in IQ Option.

Real Accounts – IQ option live accounts are activated with a minimum deposit of $10. This also introduces you to over 70 options instruments to trade on either commodities, currency pairs or stocks.

If you win you can withdraw your winnings and receive them within 24 hours. IQ Option minimum withdraw-able amount is $10.

VIP Accounts – VIP accounts are activated when traders make a lump sum deposit of $3,000. This opens up more features to the trader like trader getting a personal account manager, monthly reports on trading performance among other gifts and benefits.

IQ Option App for Trading.

For easy and flexible trading IQ Option has designed mobile friendly apps both for Android and iOS users . That’s in addition to desktop apps and browser applications that are also easy to use.

IQ Option platforms also have chats and messaging tools that you can use to seek help without ever leaving your trading platform.

Even more amazing is there integration of educational materials and videos to the platform making it easier to learn anything about trading from anywhere in the world.

How To Use VISA to Deposit IQ Option in Kenya.

Step 1 – Login to your account or create an account if you don’t already have one.

Step 2 – Click on the deposit button on the sidebar.

Step 3.

IQ Option has 6 payment options available – including AdvCash, Neteller, Skrill and Webmoney.

But for the purpose of this subtitle we will use VISA. So click on the VISA button, choose the amount you’d like to deposit (from $10) then click the green go to payment button on the page.

A blank VISA card image will pop up. Fill in the required card details then click pay.

Note that IQ Option does not charge deposit commissions. Neither do they charge commissions on withdrawals.

How to Use Skrill-Mpesa to Deposit in IQ Option in Kenya.

If you want to receive your funds faster when you withdraw then the best deposit option would be either of the online wallets.

For the purpose of this subtitle we will show you how to make deposits to IQ Option with Skrill. If you are in Kenya you can as well fund your Skrill account with Mpesa first (this option works for Neteller too).

Step 1.

Click the deposit button on your sidebar.

Step 2.

Select Skrill from the payment options > select the amount you want to deposit then click go to payment.

You will be redirected to a new page where you will enter your skrill login details.

Your deposit will be processed when you click the login button.

IQ Option Contact Details

Your can contact IQ Option through a number of Channels including Email, Live Chat, Contact forms or landline calls. The platform responds to all queries within 46 seconds.

If you’d like to get personal care with the fastest response rate, upgrade your account to VIP. which guarantees a personal account manager.

IQ Option Email.

Is IQ Option a Scam?

Basing our argument on overwhelming positive reviews that we have seen online and on social media platforms about this broker, we say it is genuine. That coupled with the fact that it is open and puts everything about the platform out there for public knowledge. And not to mention that it already gives upfront warning about the risk of trading which most brokers don’t do.

Basing our argument on overwhelming positive reviews that we have seen online and on social media platforms about this broker, we say it is genuine. That coupled with the fact that it is open and puts everything about the platform out there for public knowledge. And not to mention that it already gives upfront warning about the risk of trading which most brokers don’t do.

Risk Warning.

When trading any of the underlying assets on IQ Option know that the market is volatile and you can lose so much money online. To avoid that, take your time trading with the demo account to learn more about the platform. Also do your research about any service which you don’t understand before risking your money. Above all only risk what you can afford to lose.


Digital Options are only available to non-EU clients and certain EU clients who have professional accounts with IQ Option.


      Trade currencies and commodities More than 20 assets to choose from OTC digital options available for weekend trading Choose between different strike prices Maximum payouts of up to about 600% (for successful trade) Maximum ‘Current Price Mode’ payouts of over 90% (for successful trades)

What are Digital Options?

Digital options are contracts that enable traders to speculate on the short-term price movements of different assets. As with other types of options, the potential payout on a particular digital option contract is calculated with a specific strike price as reference. The distance of the strike price from the current market price and whether the strike price is above, below, or at the current market price are some of the factors that determine the potential payout of a digital option trade. The time left to expiration and the implied volatility of the underlying instrument also have a direct impact on the potential payout of a digital option trade, provided that the strike price is not equal to the current market price at the time of execution.

What is the Difference Between Digital Options and Binary Options?

The main difference between digital options and binary options is that with digital options, traders can choose between a range of different strike prices when entering a trade. Obviously, if the strike price is altered, the potential payout is altered as well. With binary options, the current market price is the only strike price available to traders.

Another important difference between IQ Option’s binary options and digital options is that with digital options, the price at expiration has to be beyond the strike price for the trade to expire in the money (ITM). If the price at expiration is equal to the strike price of the option, the trade expires out of the money (OTM) and the trader loses his investment in that trade.

With binary options, however, a trade that expires at the same price as the strike price results in a flat trade ($0 profit/loss). This is why you will typically find that digital options that are traded in the ‘Current Price Mode’ generally offer higher payouts than binary options (because the slightly higher risk of losing a digital options trade is compensated by its payout being higher).

How to Trade Digital Options With IQ Option

Different Strike Price Modes

The potential payout of a particular digital option trade is directly influenced by its strike price. There are 3 different strike price settings with which trades can be initiated:

1. Current Price Mode (Basically the same as trading binary options)

When ‘Current Price Mode’ is activated, the strike price and the current market price (mid price) are always the same. So, when you enter a trade, the strike price you achieve will always be the live market price you see on the right side of your chart. Sometimes your trade may be filled at a different strike price because of execution latency when the market moves before your order request reaches IQ Option’s servers. But for practical purposes, let’s just say that your order will be filled with a strike price which is equal to the market price at the time of execution.

Here is an example of what it looks like when ‘Current Price Mode’ is activated:

In this example, the payout is 87%. This is the same for ‘Higher’(green button) and ‘Lower’(red button). When trading digital options in this way, it’s basically the same as trading binary options. As already explained, the only difference is that a digital option trade cannot produce a $0 profit/loss at expiration, while a binary option trade can.

2. Auto-Selection of the Nearest Strike Price

In this mode, the nearest strike price loosely tracks the current market price, often in a delayed fashion, bouncing around in a staccato-like manner. Sometimes, the strike price is equal to the market price. At other times, the strike price may be above or below the current market price. Whenever the strike price is not equal to the current market price, there is an ‘imbalance’ between the payout percentages for ‘Higher’ and ‘Lower’ because the probability of the option expiring above or below the strike price is no more a 50/50 bet. Here is an example of what to expect in this mode:

In the chart above, the strike price and the market price are at different levels. The payouts for ‘higher’ and ‘lower’ are also notably different, as seen in the white circles.

Trading digital options in this mode can be tricky for beginners because the strike price bounces around and may be situated at different distances from the current market price, causing the payout percentages for ‘higher’ and ‘lower’ trades to frequently fluctuate.

3. Manual Choice Between Different Strike Prices:

In this mode, you can manually choose between a range of different strike prices which are displayed at the right side of the chart. This range of strike prices is also presented in a list which can be accessed by clicking on ‘Time’ in the top-right corner of your screen. Here is an example:

For this mode to be active, the tick box next to ‘Auto-selection of the nearest strike price’ needs to be unticked. In the screenshot above, you can see this in the white box with the white arrow pointing to it.

When you have unticked the tick box to activate the ‘manual strike price mode’, this mode will automatically switch back to the ‘Auto-selection of the nearest strike price’ mode as soon as the ‘Purchase Time’ of the option runs out. If you have an open trade on the instrument you’re looking at, the switch will happen 5 seconds before the ‘Purchase Time’ runs out. So if you prefer trading in the ‘manual strike price mode’, you will have to activate it each time you open a new chart and each time the ‘Purchase Time’ runs out. The ‘Purchase Time’ is indicated by a vertical white dotted line marked with the words ‘Purchase Time’. This is what it looks like:

When you are in the ‘manual strike price mode’ and you click on a certain strike price, that strike price will remain selected until you click on another strike price or until the purchase time of the option runs out.

Different Expiration Times for Digital Options

Digital options can be traded with 3 different expiration times:

Trades can be entered late or slightly early, which means that actual expiration times may be shorter or slightly longer than the 3 periods mentioned above. Please note that the available expiration times can change from time to time.

Closing Digital Option Trades Manually

Digital option trades can be closed at any time before expiration. To see how much you will win or lose if you close a trade prematurely, look at the ‘Profit After Sale’ amount which is displayed at the top of your screen. To close a trade, click on the ‘Sell’ button at the top of the screen or on the ‘Close’ button which is situated on the candlestick where the trade was opened:

Minimum and Maximum Trade Size on Digital Options

You can place a digital option trade with as little as $1. The maximum trade size is $20,000.

Digital Option Instruments Available


Standard digital options are available in 18 currency pairs and 3 commodities. These instruments can be traded 5 days a week from Monday to Friday at certain times during the day. Each instrument has its own trading times. For example, the USD/JPY digital option can be traded between 00:30 and 20:45 GMT. To see the market times for each digital option instrument, simply click on the info button at the top-left of the chart and then choose the ‘Trading Conditions’ option.

OTC (over the counter) digital options can be traded from Friday evening to Sunday evening when traditional financial markets are closed. For example, the EUR/USD OTC digital option is tradable between 21:05 GMT on Fridays to 20:55 GMT on Sundays. OTC digital options are available in 8 currency pairs.

Payout Percentages (Profitability Percentages)

Payouts on Trades With Manually Selected Strike Prices

Digital option trades of which the strike prices are manually chosen can offer *payouts of up to about 600 %, depending on how far the selected strike price is from the current market price. The further the strike price is from the current market price, the higher the potential payout is for a trade made in the direction of the strike price.

The expiration time also plays an important role in calculating payout percentages. A strike price that is far enough away from the current market price to make a 567% *payout possible on a trade with a 1-minute expiration will in most cases not be far enough for the same payout on a 15-minute trade. This is because there is a better chance for the price to reach a far-out strike price if there is more time left until expiration.

Payouts on Trades Placed in the ‘Current Price Mode’

In this mode, the payouts are the same for both trade directions. As mentioned earlier, this type of trading is basically the same as trading binary options. *Payouts in this mode can be more than 90% in some cases but it is common to see *payouts of about 87%.

Payouts on Trades Placed at the Nearest Strike Price (Auto-Selected)

In this mode, in many cases, the payouts for trades in either direction are pretty close to each other or the same. This is especially true when the strike price closely follows the current market price. Here is an example of where the strike price and current market price are close to each other:

As you can see, the payouts for both trade directions (higher/lower) are almost the same. When the strike price and current market price diverge to a moderate degree, a more notable difference between the payouts for opposite trade directions will appear. For example, if the *payout for ‘higher’ is 130%, the *payout for ‘lower’ could be 38% (derived from a real quote on the NZD/USD OTC digital option instrument, with a strike price at 0.652470 and a market price at 0.652454).

*Payout percentages apply to successful trades only.

Who Can Trade Digital Options?

Digital options are only available to professional traders from the European Union and non-regulated traders from outside the European Union. Retail EU traders do not have access to digital options.

Apps and Platforms For Trading Digital Options

Digital options can be traded with any of IQ Option’s mobile apps:

  • Apple/iOS mobile app
  • Play Store mobile app (Android)
  • APK mobile App (Android)
  • PWA (Progressive Web App)

Digital options can also be traded with any of IQ Option’s desktop and web platforms.

How to Place Your First Digital Option Trade – A Beginner’s Guide

For beginners, the easiest way to start trading digital options is to use the ‘current price mode’. This mode is basically the same as trading binary options. Here is a brief guide on how to get started with trading digital options with IQ Option:

Enable ‘Current Price Mode’

First of all, you need to activate the ‘current price mode’ on your trading platform. After you’ve opened a price chart of the digital option instrument you want to trade, click on ‘Time’ in the top-right of your trading platform and then click on ‘Enable Current Price Mode’:

To make sure you’re in the ‘current price mode’, check that there is only one payout rate for both ‘higher’ and ‘lower’. Here is an example of what it should look like:

Select the Expiration Time, Investment Amount, and Choose ‘Higher’ or ‘Lower’

After you have enabled the ‘current price mode’ you can proceed with your analysis and place some trades. At the top-right of your chart, select your expiration time. Just below this, you can enter the amount you want to invest in the trade. Finally, after you have done your analysis, you can simply click ‘Higher’ or ‘Lower’ to open your trade. These 3 actions are indicated with arrows in the following image:

It is recommended to first place enough trades on your practice account to get a feel of the different elements of a digital options trade. Things to take note of are the payout percentage, purchase time (white dotted line), expiration time (red line), etc.

When you have placed a trade with a specific expiration time, you can place additional trades with the same expiration time until the purchase time runs out. After this, you will have to click ‘New Option’ to place trades that will have a new expiration time.

IQ Option Trading Platform Features

IQ Option’s trading platforms are some of the best in the world and offer a great variety of financial instruments. Not only can you trade *digital options and *binary options, but also forex pairs, commodities, cryptocurrencies, stock indices, stocks, *FX options, and ETFs.

*Digital options and binary options are only available to non-regulated traders (outside of the EU) and professional traders from the European Union. Retail traders from the European Union have access to FX options.

Let’s take a look at some of the features that make IQ Option a leader in the world of online trading.

Charts, Technical Indicators, and Other Trading Tools


IQ Option’s trading platforms support four different types of charts:

  • Candlestick charts
  • Line charts
  • Bar charts
  • Heikin-Ashi charts

Candlestick charts, bar charts, and Heikin-Ashi charts have different candle time periods available – from 5 seconds up to 1 month.

Technical Indicators and Graphical Tools

IQ Option has an excellent range of no less than *99 technical indicators. These indicators are divided into the following groups:

  • Momentum Indicators: 32
  • Trend Indicators: 23
  • Volatility Indicators: 13
  • Moving Averages Indicators: 7
  • Volume Indicators: 4
  • Other Indicators: 20

*The number of indicators can change at any time.

To access the different technical indicators, click on the indicators button in the bottom-left corner of your screen. Traders can also draw different types of lines on their charts by clicking the ‘Graphical Tools’ button directly above the ‘Indicators’ button.


The following widgets can be activated on different groups of instruments:

  • Traders’ Sentiment
  • High and Low Values
  • Other Traders’ Deals
  • News
  • Volume


These widgets can be really handy to keep track of news events, market sentiment, price action extremes, and trading volume. You can also see where other traders have bought or sold the asset you’re looking at.

Widgets can be accessed in the same tab where the technical indicators are situated.

Price Alerts

You can create price alerts on any of IQ Options financial instruments. With digital, binary, and FX options, this can be done with a single click on the alert button on the right side of the chart, where the price scale is situated. With all other instruments, two clicks will do the job.

Market Analysis

The market analysis section can be accessed from the vertical taskbar which is on the left side of the trading platform. When you click on ‘Market Analysis’, a tab is opened with these 4 sections:

  • News
  • Forex Calendar
  • Earnings Calendar
  • Crypto Calendar

Each of these sections is populated with relevant calendar events or market news. The news section contains market information and news affecting different market sectors and asset classes.

IQ Option’s Regulation / Licence

IQ Option Europe Ltd. is registered at Cyprus and is regulated by CySEC. IQ Option Ltd. is registered at St. Vincent and the Grenadines and this entity is not regulated.

Free Demo Trading Account

IQ Option’s demo trading account is an incredible tool with which traders can practice their trading without any risk to their capital. This practice account allows traders to acquaint themselves with IQ Options trading platform, instruments, and trading conditions before trading live with real money. The demo trading account has all the features and instruments of a live trading account. Traders can also switch between their live and demo accounts with only a few clicks, which is really convenient.

Trading Tournaments

Non-regulated traders (outside of the European Union) and pro-EU traders can partake in IQ Option’s trading tournaments. To enter these tournaments, click on the ‘More’ button at the bottom of the vertical taskbar which is on the left side of the trading platform.


Customer Support

IQ Option’s support team is on standby to assist clients 24 hours a day, 7 days a week, via live chat, telephone, or email. To access customer support (live chat), click on the red ‘SUPPORT’ button at the bottom-left of your trading platform. You can also phone the number right next to this button.


During the years, IQ Option has received numerous awards for its outstanding trading apps, its efficiency, its commitment to quality and excellence, customer satisfaction, and other attributes.


Digital options are an interesting alternative to binary options. Clients who trade digital options can approach the market in a few different ways and modify the probabilities and risk to reward ratios of their trade setups.

A really good feature of digital options is that you can also trade it in the ‘Current Price Mode’, which gives you a very similar experience to trading binary options. An attractive feature of trading digital options in this mode is that the payouts are higher than on the corresponding binary option instruments, although there is a slight difference in trade outcome probabilities between binary options and ‘current price’ digital options.

While binary options are not available on IQ Option’s iOS app and the Play Store Android app, digital options can be traded on both of these apps. This makes digital options more accessible to non-regulated traders than binary options.

Binary Options Day Trading in Russia 2020

Binary options trading hinges on a simple question – will the underlying asset be above or below a certain price at a specified time? If so, you can make substantial profits with one of the most straightforward financial instruments to trade. But what exactly are binary options, and what are their benefits and drawbacks? This page will answer those questions, as well as detailing how to start day trading binary options, including strategies, tips, and regional differences to be aware of. Use the broker top list to compare the best binary brokers for day trading in Russia 2020.

Binary Brokers in Russia

What Are Binary Options?

Firstly, let’s have a look at how it all works. Put simply, binary options are a derivative that can be traded on any instrument or market. They appeal because they are straightforward. You know precisely how much you could win, or lose before you make the trade. No complex maths and calculator is required. This is why they are also known as ‘all or nothing’ trades.

If you anticipate news announcements, quarterly reviews, or global trends, then you may be able to make an accurate determination as to whether the price is going to increase or decline at a certain point in the future, turning a profit.

There is a whole host of derivatives to choose between. You can trade binary options on commodity value, such as aluminium and crude oil. You can opt for a stock price, such as Amazon and Facebook. There are foreign exchange rate options, including all the major and minor pairs. Even cryptocurrencies such as Bitcoin, Ethereum, and Litecoin are on the menu.

A Brief History

If you want to start trading binary options full-time, a detailed understanding of their origins will help. Binary or ‘digital’ options have been around for decades. Originally though, it was only large institutions and the fabulously wealthy that had access. However, 2008 saw the US Securities and Exchange Commission open the floodgates by allowing binary options to be traded through an exchange.

The internet and technology have since given the whole world access to these ‘digital’ options. As it stands, with low barriers to entry for savvy day traders and a simple to understand preposition, the demand for these digital trades will only increase.

Option Types

There are a number of different option types to choose from. The most popular types are listed in the brief glossary below.

  • Up/Down (High/Low) – The most simple and prevalent binary option. Will the price be higher or lower than the current price when the expiry time comes?
  • In/Out (Range or Boundary) – A ‘high’ and ‘low’ figure will be set. You are then making a determination as to whether the price will finish within or outside of these boundaries.
  • Touch/No Touch – Levels will be set that are either higher or lower than the current price. You then enter a position as to whether the price will ‘touch’ these levels between the time of trade and expiry. Payout will come as soon as the touch takes place.
  • Ladder – These are similar to up/down trades. However, instead of using the current price, the ladder will have pre-determined levels that are staggered up or down. These normally demand a substantial price move. The flip side of this is returns will frequently exceed 100%. Although it is worth noting, both sides of a trade are not always available.

Binary options

Expiry Times

Another important component of binary options is expiry times. This is when the trade will end and the point that determines whether you have won or lost. These times can range from 30 seconds and 1 minute (turbos) to a full day (end of day), and even up to a whole year.

As an intraday trader though, you will be more concerned with trading 5 and 30-minute binary options. Opt for binaries with 1 minute expiry times though and you have the ability to make a high number of trades in a single day.

Despite the somewhat negative reputation, the reality is binary options are legal. The majority of companies operate fairly. Opinions have been split because there are some out there that operate scams.

Regulation in certain regions has meant binaries have been withdrawn from the retail market. In the EU for example. But professional traders can still use them. In regions such as India and Australia, binary are legal – but traders should make sure they use a reputable broker, and read our section below on avoiding scams.

Scams & Frauds

The binary reputation has suffered from dishonest marketing and cybercrime. Too many unregulated brokers promise quick cash, whilst operating frauds. Regulators are on the case and this concern should soon be alleviated.

Binaries themselves are perfectly legitimate, but steer clear of ‘instant money’ promises, brokers that cold call, and celebrity endorsements, plus any claims that you can ‘start trading binary options for free’.

So it isn’t a question good or bad, it’s simply a question of being alert to the dangers and knowing what to look out for. If you’re unsure about a broker, ask the question in a live trading room to check they’re properly regulated.

Binary Options Vs CFD Trading

Although in some ways similar, there remain some crucial differences between binary options and CFDs. With CFDs, you have potentially unlimited risk. If the price of the asset moves significantly, the value of the trade can grow very large, very quickly – for better or worse.

Whereas binary options work slightly differently. Whilst you are still investing without owning the asset in question, the gain and loss rate is fixed. With a call option, it doesn’t matter if the price rockets, you retain the same percentage as if it rose by just a couple of pips.

Likewise, if the price sinks to zero, you’ll only lose what you put in. So, to define the difference – with binary options you get fixed risk.

Having said that, just as if it was binary options versus forex trading, you are restrained in your profit potential.

Why Trade Binary Options?

If you want to profit trading binary options, you need to first understand both their pros and cons. You need to make sure binary options will suit your trading style, risk tolerance, and capital requirements.


There is a whole host of attractive benefits to trading with binary options. The greatest advantages have been outlined below.

  • Simplicity – Because you are making a determination on only one factor, direction, your bet is straightforward. The price can only go up or down. You also don’t need to concern yourself with when the trade will end, the expiry time takes care of that. Whereas in other markets, you may need a system to limit your losses, such as a stop-loss.
  • Fixed risk – Trade stocks, gold, and crude oil and you’ve got a vast number of factors to contend with, from slippage and margin to news events and price re-quotes. With binaries, your risk is kept to a minimum with far fewer parameters.
  • Trade control – Because you know what you may make or lose before you enter the trade, you have greater control from the start. Trade in stocks, for example, and you have no guarantee that your trade will make the entry price.
  • Profit potential – Compared to other trading, the returns in binaries are extremely attractive. Some brokerages promise payouts of up to 90% on a single trade. If you’re looking to make simple trades with large profit potential, binaries could well be worth a look in.
  • Choice – Rather than being constrained to a specific market, e.g. cryptocurrency or stocks, binary options gift traders the opportunity to trade instruments across virtually all markets, allowing you start currency, indices, and bonds trading if you so wish.
  • Accessibility –In the binary options game, it’s always the best trading hours somewhere on the globe. So, you can login at night, or on the weekends and join the groups of avid traders attempting to turn daily profits. Real-time charts are available for every market so if you’ve got the time you can invest 24 hours a day.


Whilst there are plenty of reasons to delve into trading on binary options, there remain several downsides worth highlighting:

  • Reduced trading odds – Whilst you can benefit from trades that offer in excess of 80% payouts, these are often when the expiry date is some time away from the trade date. If the odds of your binary trade succeeding are extremely high you may have to make do with reduced payout odds.
  • Limited trading tools – Whilst most brokerages offer advanced charting and analysis capabilities, trading tools for binary traders often fall short of the mark. Fortunately, there are other online sources for these graphs and tools, plus brokers are working swiftly to increase their offerings.
  • Price of losing – Your odds are tilted in favour of losing trades. Approximately for every 70% profit, the corresponding loss of the same trade would result in an 85% loss. This means you need a win percentage of at least 55% to break-even.
  • Risk management – Unlike other markets, brokers often set a trading floor, with minimum accounts a trader needs to enter the market. This means losing capital can happen with ease. Whilst a stocks broker may permit you to open an account with $250, trading micro-lots, most binary brokers won’t allow $50 trades. So, even with $250 in your account, just five trades that don’t go your way could see you sink into the red.

Binary Trading via Mobile App

How Does Trading Binary Options Work?

Trading binary options for beginners is straightforward. Simply follow the steps outlined below.

Step 1 – Find a broker

This is one of the most important decisions you will make. You need a broker that meets all your requirements and who will enhance your trade performance. But with so many options out there, how do you know what to look for?

If you’re high-frequency binary trading each day, the commission fees and costs will quickly rack up. You want to maximise your profits so look for brokers with a competitive and transparent fee structure, and remember, different asset classes pay out different amounts.


One point worth investigating is rules around minimum deposits. Whilst some brokers will offer binary options trading with no minimum deposit, many will expect a deposit of close to $50, and some $100. A broker offering low minimum deposits is ideal if you’re strapped for cash. Trading binary with JC and GCI are good choices if you’re looking for low deposits.


Some brokers will specialise in certain assets. If you’re set on crude oil, it may be worth finding a broker that’s geared towards those binaries. You may benefit from relevant news feeds and the most prudent option choices available. Trading binary stocks with 212, for example, is ideal for those interested in stocks.


With scams out there it’s important you check your broker is properly regulated by the relevant financial body, e.g. FCA, CySec, CFTC. Trading with 247 Binary Options, IQ option, and are all safe bets.


Binary options platforms are your gateway to the market and where you’ll spend many hours a day. There are now many online trading platforms, so, make sure it’s easy to use and offers all the charts, patterns and tools you need to make smart and accurate trade decisions. For example, will you be trading binary options with candlesticks or more obscure charts?

Both Keystone and Nadex offer strong binary options trading platforms, as does MT4. Before you buy, conduct a thorough trading platform comparison and check reviews.


Any problem could cost you time, and as an intraday trader, time can cost you serious cash. So, check the broker offers reliable support. Some brokers will offer 24/7 customer support through calls, live chat, and in a number of languages. Binary options trading with Etrade and 24 Option are smart moves if you want top quality support.

Trading apps

A growing number of people use mobile devices and tablets to enhance their trading experience. However, software for trading binary options varies hugely. So, it’s worth checking whether your broker offers cross-platform capabilities. Also, check the charting tools you need will work on your iOS or Android device. Binary options trading with IQ Option, for example, offers fantastic trading apps.


Many brokers will sweeten the deal with some useful add-ons. Some may offer free trading plans, courses, and lessons. So, find out first if they offer free courses online to enhance your trading performance. Some brokers will also offer free binary trading trials so you can try before you buy.

You could also benefit from trading bonuses, tips, the best strategy and trading signals reviews, plus free, practice demo accounts. Not to mention some brokers allow for binary options trading using Paypal. However, don’t be put off by no binary options trading deposit bonus, these can be a sign of potential scams.

Demo accounts

For newbies, getting to grips with a demo account first is a sensible idea. Funded with simulated money, you can try numerous assets and options. It’s the perfect place to make mistakes and learn before you put real capital on the line. In addition, you’ll find most free binary options demo accounts require no deposit, so you can start practicing whilst you save that initial capital.

There is no universal best broker, it truly depends on your individual needs. Some brokers offer minimum trades of just a couple of pounds, whilst others require hundreds or even thousands. The solution – do your homework first.

For more guidance on making the right choice, see our brokers page.

Step 2 – Choose An Instrument/Market

You can trade binaries in pretty much everything, including stocks, forex, indices, and commodities. You can bet on anything from the price of natural gas, to the stock price of Google. Opt for an asset you have a good understanding of, that offers promising returns.

Step 3 – Decide On An Expiry Time

As a short-term trader, you’ll probably be more interested in 30 seconds, 1 minute and end of day expiry times. You need to balance binary options trading volume with price movement. Whilst the more trades you make means greater profit potential, it’s better to make fewer and more accurate trades. Also, find a time that compliments your trading style.

Step 4 – Decide On Size

In the binary options game, size does matter. The greater your investment the greater the possible profit. On the flip side, remember the entirety of your investment is on the line. You need an effective money management system that will enable you to make sufficient trades whilst still protecting you from blowing all your capital.

Step 5 – Choose An Option

You will have any number of the options outlined above to choose from. Think carefully about how confident you are in your determination. Consider factors that will jeopardise your investment, and select an option that gives you the best chance of succeeding. Don’t automatically select a ladder trade because you want huge returns, consider which options are the relatively safe bets.

Once you’ve made that decision, check and confirm your trade. Then you can sit back and wait for the trade payout.

Demo Video

Below is a video explaining how to trade binary options on the platform of a leading provider:


Binary trading strategies will differ from trade to trade. What may work for a ladder option in forex, may prove useless in a range option on gold. Having said that, there are two reasons you must have a strategy.

Firstly, a strategy prevents emotions interfering in trade decisions. Fear, greed, and ambition can all lead to errors. A strategy allows you to focus on the maths and data.

Secondly, a strategy allows you to repeat profitable trade decisions. Once you’ve found out how and why that binary option worked, you can replicate it to create consistent profits.

Building A Strategy

There are two crucial elements to your binary options trading method, creating a signal, and deciding how much to trade. The second is essentially money management. How do you go about determining these two steps then?

Step 1 – Creating A Signal

The signal will tell you in which direction the price is going to go, allowing you to make a prediction ahead of time. The two main ways to create signals are to use technical analysis, and the news.

Charts, Patterns & Indicators

If you can identify patterns in your charts, you may be able to predict future price movements. They rest on the idea that ‘history repeats itself’. You can start trading binary options using Heiken-ashi, other candlesticks, and line charts. Armed with charts and patterns, successful traders will build a strategy around their findings.

You can then build indicators into your strategy, telling you when to make a binary option, and which binary option you should go for. These technical tools can prove invaluable, so make sure your broker offers the features available to conduct thorough market analysis.

One of the great things about trading binary is you can use any number of your normal indicators, patterns, and tools to help predict future binary options movements. So, you can start trading with/using:

  • Support and resistance levels
  • Price action
  • Stochastic oscillators
  • MACD indicators
  • Trends
  • Babypips
  • Mirrors
  • Options close to expiry

For more detailed guidance, see our charts and patterns pages.

You can trade binary options without technical indicators and rely on the news. The benefit of the news is that it’s relatively straightforward to understand and use. You’ll need to look for company announcements, such as the release of financial reports. Alternatively, look for more global news that could impact an entire market, such as a move away from fossil fuels. Small announcements can send prices rocketing or plummeting.

If you can stay in the know you can trade your binary options before the rest of the market catches on. To do that you’ll need to be tuned into a range of news sources. You can browse online and have the TV or radio on in the background. Some of the most useful news sources in terms of trading information are:

  • Yahoo Finance
  • CNBC
  • Business Insider
  • Bloomberg
  • Financial Times

Step 2 – How Much You Should Trade

If you’re just starting off it’s often best to keep things simple. Trading the same amount on each trade until you find your feet is sensible. Below are 3 binary options trading strategies for both beginners and experienced traders.

Martingale Strategy

Binary options using the martingale trading strategy aim to recover losses as quickly as possible. To do this you’d trade larger amounts of money in the trades following a loss. So, you’d set an amount that you trade each time, say $250. However, if you lose on that $250, you’d bet $500 on the next trade. If the trade wins, you’ll already be back in the black, rather than being stuck around the break-even mark.

The problem with this strategy is that if you go on a losing streak you can lose a serious amount of capital in a short space of time. So, only use this strategy if you’ve got a relatively accurate means of making trade decisions. If you’re still in the trial and error stage, consider a different approach.

Percentage Strategy

A percentage based system is popular amongst both binary options traders and other traders. The idea is you specify a percentage you’re willing to risk. Between 1-2% is common. So, if you’ve got $10,000 in your account, and your risk value was 2%, you could trade $200 on a single trade.

If you have a greater risk tolerance and consistent results you may want to increase that risk margin to 5%. The benefit of this system is that you should never lose more than you can afford. This makes it an ideal approach to take if you’re new to trading on binary options.

Straddle Strategy

This example is best employed during periods of high volatility and just before the break of important news announcements. This technique can be utilised by traders of all experience levels. It gives you the capability to avoid the call and put option selection, and instead allows putting both on a specified instrument.

You aim to utilise put when the value of the instrument has risen, yet you think that it’s going to decrease soon. Once the descent has begun, place a call option on it, anticipating it to bounce back swiftly. You can also do it in the reverse direction. Simply place a call on the assets prices low and put on the rising asset value.

This significantly increases the chance of at least one of the trade options producing a profitable result. If you’re in a volatile market, this simple system could you see turn handsome profits. This works well as a binary options trading 60 seconds strategy, and will also cover expiry times of up to one day.

Bots & Algorithmic Trading

Once you have honed a strategy that turns you consistent profits, you may want to consider using an automated system to apply it. These robots usually rely on signals and algorithms that can be pre-programmed.

The bots then do all the leg work, trading options on your behalf. The plus side is they can make far more trades than you can do manually, increasing your potential profit margin. They can also trade across different assets and markets.

It’s worth investigating your brokers offering when it comes to auto trading and checking for robot reviews. Many allow you to build a program with relative ease. You can use your own entry points that rely on Bollinger bands, RSI/MFI patterns, and moving averages.

However, even when you’ve got your system up and running, you can’t go into trading binary options on autopilot, you need to stay tuned in. If any mistakes take place, you need to be there to remedy the problem. Technical crashes and unpredictable market changes can all cause issues, so stay vigilant.


Many binary option strategies pdfs fail to sufficiently consider time variables. Certain strategies will perform better with specific time options. You may want to look specifically for a 5-minute binary options strategy. Alternatively, trading 15-minute binary options may better suit your needs. So, whichever strategy above you opt for, ensure you take time into account.

Summing Up Strategy

Trading binary options with success rests on finding a strategy that compliments your trading style. So, consider the instrument you’re going to be trading. Then, employ an effective money management system and use charts and patterns to create telling indicators. Also, utilise news announcements to your advantage.

If you’re trying a new fence, gap, hedging, or any other binary strategy for the first time, why not try it on a trading practice account first? This will allow you to address any issues before you invest your own money.

For more detailed guidance, see our strategies page.


Binary options trading 101; immerse yourself in educational resources. As Benjamin Franklin asserted, ‘an investment in knowledge pays the best interest’. The top traders never stop learning. The markets change and you need to change along with them.

To do that, utilise some of the resources detailed below.

  • Books & eBooks – There is a whole host of books and ebooks out there that can impart invaluable information on day trading binary options. You can benefit from the binary options trading knowledge of experts with decades of experience. The good thing about a book it is allows you to learn at a pace that suits you. One book that has made binary options trading easy is ‘Trading Binary For Dummies’, by Joe Duarte.
  • Video tutorials & seminars – Engaging and easy to follow. There are numerous online video tutorials out there that can walk you through making a trade. With seminars, you’ll also be able to have questions answered and the binary options trading basics explained, plus some brokers offer weekly seminars to keep you up to date with market developments.
  • PDFs & instruction guides – These will give you a clear breakdown of steps that you can follow and apply. The best part is you can find plenty online that are totally free and easy to download, whether you’re using Android, Windows, or iOS. The trading binary options ‘Abe Cofnas’ pdf is particularly popular.
  • Forums & chat rooms – This is the perfect place to brainstorm ideas with binary options gurus. You can benefit from recommendations and learn in real-time whilst investing in your binary options. You can also swap live chart screen grabs to get a feel for other binary methods and tactics.
  • Newsletters & blogs – These are brilliant for keeping up to date with upcoming developments that may affect your markets. Plus, you could hear about binary options competitions (yes, they really do exist).
  • Copy trading – This is when social trading networks/platforms are combined with binary trading tools. You can follow experienced traders, analyse their strategies, and then replicate their trades. Check out copy trading reviews before you sign up.

All of the above will play a key part in your binary options trading training. Free trading videos and examples will help give you an edge over the rest of the market, so utilise them as much as possible.

Trading Journal

There currently exists no binary options university. So, explanations as to why that option didn’t work can be hard to come by. Keeping a journal with all your binary option trading results in could solve that issue. A detailed record of each trade, date, and price will help you hone your strategy and increase future profits.

Whether you keep it an excel document or you use tailor-made software, it could well help you avoid future dangers. As an added bonus, it can make filling in tax returns at the end of the year considerably easier. A journal is one of the best-kept secrets in binary options, so now you know, use one.


Trading binary options successfully isn’t just about having the right strategy. If you can’t control your emotions you will make costly mistakes. As Robert Arnott stated, ‘what is comfortable is rarely profitable’. When the pressure kicks in, fear and greed can distract you from the numbers.

You need to accept that losses are part of trading and stick to your strategy anyway. If it’s based on accurate maths and careful technical analysis then you have to keep your faith. As soon as you start acting inconsistently your profits will suffer.

Regional Differences


As the popularity of binary options grows across the world, regulatory bodies are rushing to instill order. That means where you trade and the markets you break into can all be governed by different rules and limitations.

If you’re day trading binary options in the UK, for example, you will require a license from the UK gambling commission. If you opt for a broker regulated by the Financial Conduct Authority (FCA), you’ll be guaranteed an extra level of protection. Beware some brokerages register with the FCA, but this is not the same as regulation.

Brexit has brought with it complications to trading regulations. The MiFID II guidelines were set to be implemented across Europe enforcing rules around binaries, however, the UK may not now implement the guidelines. This means the UK is no longer under pressure from Europe to reclassify binaries as financial instruments.

Binary options trading for US citizens is limited by a choice of just two brokers. Nadex and CBOE are the only two licensed options. Fortunately, they are both huge firms offering competitive prices and a range of different assets to trade binaries on.

Rest Of World

In Australia, the Australian Securities and Investments Commission (ASIC) runs the show. If you’re interested in brokers based in Cyprus and Israel, then check they are regulated by CySec. In Dubai and the rest of the UAE, binary options are regulated by the Dubai International Financial Centre (DIFC).

You can also start day trading binary options in Canada, India, Pakistan, South Africa, Malaysia, Kenya, New Zealand, Nigeria, Vietnam, Indonesia, and the Philippines. Each has their own regulatory bodies and different requirements.

So, if you want protection, ensure you do your research before you sign up for a binary broker on the other side of the world.


Another important regional distinction comes in the form of taxes. Some countries consider binary options as a form of gambling, such as the UK. This comes with notable benefits. The HMRC will not charge you any taxes on profits made through binary options. However, in the future binaries may fall under the umbrella of financial derivatives and incur tax obligations.

Having said that, if day trading binaries are your only form of income and you consider yourself a full-time trader, then you may be liable to pay income tax. Whilst you are probably still exempt, it is worth seeking clarification.

Outside the UK, tax regulation differs hugely. Binary options in Japan and Germany come with vastly different tax obligations, for example. So, before you start trading seek advice to ascertain whether you’ll be exempt from tax. If not, will you pay income tax, capital gains tax, business tax, and/or any other form of tax?

For more detailed information, see our taxes page.

Can Trading Binary Options Make You Rich?

Although exciting and dynamic, to make a living trading binary options you’ll need to use this page and other sources as guides. Can trading binary options make you rich then? Done correctly, yes it can. There is no question of binary options potential profitably, this is evidenced by numerous millionaires. To get there though, you’ll need the right broker, an effective strategy, and you’ll need to invest in your trading education, by utilising the resources outlined above.

Further Reading

Yes, but regional regulation varies.

In India and Australia for example, binary options are legal.

In the US, binaries are available via Nadex, and perfectly legal.

In the EU, binaries have been withdrawn for retail investors, but it is still possible to trade binary options legally, by professional traders. Certain criteria need to be met in order to be classed as ‘professional’.

Can you trade at weekends?

Yes. There are two ways to trade at weekends. Firstly, forex markets are still open in some parts of the world during the “weekend” in other parts. Binaries can be traded on forex during these times.

There are also ‘synthetic’ markets with some brokers (such as but traders should note there is no underlying market with these options. They are ‘virtual’ markets created solely to cater for traders looking to trade anything at all. They are not for sophisticated traders.

Are binary options banned in Europe?

Binary options have been withdrawn for retail traders by the European regulator, ESMA. Brokers not regulated in Europe may still offer binaries to EU clients.

It is also possible for EU traders to nominate themselves as professional traders. This waives their rights to regulatory protection, and means binaries are free to be used again.

Some synthetic markets can also be traded by EU traders, and while the product works exactly as a binary options, they are referred to slightly differently.

Do binary options work on MT4 or MT5?

There are no binary options brokers offering Metatrader integration. It is however, possible to perform technical analysis in MT4 and place trades on a separate trading platform.

Can you use binary options on cryptocurrency?

Yes. The leading binary options brokers will all offer binaries on Cryptocurrencies including Bitcoin, Ethereum and Litecoin. As a derivative, traders will not “own” any cryptocurrency, they will purely be speculating on the price. This does mean however, there is no need for a Crypto wallet or crypto account.

IQ Option Binary Options and Digital Options, what are the Differences?

Binary options wiki Q&A

IQ Option is one of the few online brokers that has managed to attract millions of traders from across the globe over a short amount of time. The main reason for this is their innovation and introduction of new features and instruments. One of their latest introduction is digital options trading.

This guide will look at both binary option and digital option. These are financial instruments offered by IQ Option.

What is an option

An Option is part of the derivatives types of assets. This means that their value is intrinsically tied to the value of an underlying asset.

When you buy or sell an option, you do not own the underlying asset. You’re typically speculating on whether the asset’s price will go up or fall over a specified period. Upon trade expiry, you will either earn a profit or incur a loss.

The profit is usually calculated as a percentage of your trade investment. The total amount you could lose is your trade investment amount. However, some brokers such as IQ Option will allow you to exit position before the option expires.

Binary option trading on IQ Option

Also popularly known as high-low option, binary option trading involves speculating whether the price of an asset will rise or fall over a given amount of time. Your trade entry marks the strike price.

If you anticipate that the option will expire when the price is higher than this, all you need to do is enter a higher position. The trade expiry is always predetermined. On the IQ Option platform, this ranges from 1 minute to 1 month.

IQ Option binary trades always have a fixed return which is calculated as a percentage of the trade investment. The return you receive depends on the asset being traded and market volatility.

Digital option trading on IQ Option

The digital option combines the power of binary option and the increase in price of the underlying asset. So rather than have a fixed return, the return for a digital option is calculated based on how far away the price moves from the strike price.

The further away the price moves, the higher the return. This means that you can potentially earn up to 900% return on investment when trading digital option. The trade expiry for digital option is 1 minute, 5 minutes and 15 minutes on the IQ Option platform.

Similarities between binary option and digital option asset types on IQ Option

Both option types have a predetermined expiry. Once the expiry period is reached, the position is automatically closed. The trade expiry for both is indicated by a vertical red line on your chart.

Both option types require you predict whether the price will be higher or lower than the strike price on trade expiry.

IQ Option offers binary option and digital option for currency pairs and commodities.

Differences between binary option and digital option on IQ Option

Binary option trading is dependent on the direction of the price relative to the strike price. That is, whether the price will be higher or lower than the strike price at trade expiry.

Digital option trading on the other hand is dependent on both the direction and the price distance from the strike price. That is whether the price will be higher or lower as well as how far away the price will be at trade expiry.

The return for binary option trading is fixed and predetermined at trade entry. The return for digital option trading on the other hand fluctuates as long as the trade remains open.

With binary option trading, the maximum amount you can lose is your trade investment. With digital option trading, your losses can be higher than your trade investment. The further away the prices move from your prediction, the higher your percentage loss.

Binary Option have expiry periods ranging from 1 minute to 1 month. The digital option on the other hand has trade expiry periods lasting 1 minute, 5 minutes or 15 minutes.

Trading binary option on IQ Option

Once you’ve logged into your trading account, click on the select assets feature (plus sign at the top of your trading interface).

Next, select options then binary. Choose the asset pair you want to trade with. Use a Japanese candles chart with 5 minute interval candles.

After analyzing the chart, enter the amount you want to trade. Next, enter the trade expiry. While using 5 minute candles, the minimum expiry should be 5 minutes.

Trading digital option on IQ Option

Once you’ve logged into your IQ Option account, click on the select assets feature. Click on options and then select digital. Next, choose the assets you want to trade with.

Set up a Japanese candles chart with 5 minute interval candles.

At the right of your chart, you’ll see sets of boxes with prices in them. If you hover your cursor over these boxes, you’ll notice that the higher and lower buttons have possible percentage profits you can earn. For example, if the higher button shows a +250% profit, it simply means that you can make this amount if the price is higher than the strike price (price cursor is at) upon trade expiry.

Once you’ve analyzed the chart and determined the direction the price will take, follow these steps:

  1. Select the strike price
  2. Enter your trade amount
  3. Select the trade expiry
  4. Select direction (higher or lower)


As you’ve seen, binary option and digital option have similarities and differences. Digital options have a higher risk-return compared to binary options. Now that you’ve learned about both, try them out in your IQ Option practice account today. We’d love it if you share your experience in the comments section below.

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