Last updated: May 7th, 2020 We have performed a thorough review of IQ Option, without the broker knowing.. Is IQ Option a scam OR one of the best trading platforms in the world ?. Read further! IQ Option brand has been founded in 2013. IQ Options Europe LTd. is a Cyprus based financial company that has started its career as a super successful binary options trading platform. The Financial Products offered by the company include Contracts for Difference ('CFDs') and other complex financial products. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because it is possible to lose all of your invested capital. Starting trading at the age of 20, he quickly acquired the basics of Forex trading which led to becoming the top 5 Forex traders in the Philippines. After some time he became a Forex trainer. He talks a lot about personal financing, investing, and the opportunities of working from home. In 1990, I plucked up the courage to start my own company and became the humble owner of a timber-related trading business copied exactly what my ex-boss was doing. If Forex is an independent foreign exchange market, and IQ Option is a quality broker, then why should I become a client of the service? Of course, you can trade Forex without a broker. Everything is very simple, brokers earn on the difference between losses and profit. Consider an example – two traders opened deals on Google shares for $100. Just like any other financial market, you’ll be presented with two price options upon opening a forex position. Available platforms with Forex Brokers in the Philippines. Some of the best Philippine forex brokers use the most common trading platforms, which are the MetaTrader4 and the more upgraded version MetaTrader 5. Those two platforms are the most used and time tested trading platforms all over the world. Under this scheme, each of IQ Option’s clients’ funds is protected up to a maximum amount of 20,000 euros. But for traders that are outside the EEA, their accounts are managed by a separate sister company called IQ Option Ltd. The company is based in Mahe, Seychelles and is regulated by the Seychelles Financial Services Authority (FSA). Hi I really wanted to join forex trading but I am kind of hesitant because there’s a lot of scammers out there. At first, I have joined a webinar session with Learn to Trade 2 weeks ago, the session is very informative, they even mentioned manny pangilinan as one of their member, but after the session they are asking for a training fee 85,000php which they mentioned a discounted price from Trading Platforms. Forex trading platforms are more or less customisable trading environments for online trading. They provide traders with technical analysis tools, live news feeds, diverse order types, automation, advanced charting and drawing options etc. Some may include sentiment indicators or event calendars. MetaTrader 4 or 5 By 2019, the total daily turnover is equivalent to $5 trillion, having grown from $1 trillion twenty years ago. This knowledge makes it one of the most liquid and attractive financial markets with 24/7 availability. For successful Forex trading, a trader needs to choose a “service provider”, namely a brokerage company.
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