FX Options at IQ Option – Features and benefits.
The principle of trading FX options is very easy. First, you select a currency pair which you want to trade, your investment amount and an expiration time. Then you click on a strike price, this bar is located on the right side of the screen. Right next to the strike price bar is also situated a bar indicating how much profit you can make from the investment. After choosing your strike price you basically only decide whether the price of the asset will be higher or lower at the time of expiration.
FX Options in practice.
FX Options – features.
IQ Option now features 31 forex options that include forex pairs, indices and commodities (gold, silver, crude oil). If a trader chooses to get out of the position before the expiration date, he can prematurely close the trade to fix his profit or loss. FX Options do not fall under ESMA restrictions so they are unlike binary options available to EU traders. A great thing about this type of financial product is that the risk and potential profit of your investment is entirely in your hands and depends on the strike price and direction you chose.
IQ Option’s FX Options – FAQ.
What are FX Options?
FX Options are a new trading instrument on the IQ Option platform that is exclusively available to EU clients. FX Options are a combination of Binary options and Forex.
How to trade IQ Option’s FX Options?
To trade FX Options, you can follow our simple step by step guide in this article.
First, you select your strike price. Notice how your potential profit changes when clicking a different strike price level. Second, enter the amount you want to invest in the trade Now decide whether the price is going to be higher or lower than is the selected strike price when the trade expires. If you think it’s going to be higher, choose “higher”, if the opposite, choose “lower”. Double-check all your trade settings and click higher or lower if you wish to open the trade.
What is the expiration date of FX Options?
The expiration date differs for each forex option. IQ Option features FX Options that expiry from 3 minutes to a 1 hour or so. The expiration time of your asset can be viewed when selecting a new asset. Click the plus symbol, choose FX Options and have a look at the middle column „Next expiration“.
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3 Comments.
When they exactly release for the European countries?
Hello Alberto, Unfortunately, IQ Option still has not disclosed when they will be released in the European countries. Once they do, we will update you :).
Hello Dunhill, I have good news for you, starting from today, FX Options are available to European clients ?
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