What is binary options? First of all, it is a highly profitable online trading tool that allows you to estimate the amount of potential profit in advance. Binary options trading can bring substantial income in the shortest time possible. Traders buy options at a predetermined price. Online trading can be profitable if the trader correctly identifies the market movement.

Advantages of Binary Options

Trading is a high-risk area where you can either double or even triple your capital or lose it in a few minutes. Binary options have several advantages that make it possible to get more profit with predictable risk. An option with a fixed profit differs from conventional trading.

Beginners can trade binary options with IQ Option just as well as experienced traders. The entire process is fully automated. Binary options traders are aware of their profits in advance — their main objective is to select the correct direction of the market movement. They need to choose from two directions only — up or down.

Two Types of Online Trading

The IQ Option platform allows you to trade binary options in two basic modes. Practice account is for training. To open a practice account and to test your strength, you don’t even need to make a deposit. For real trading, you need to deposit $10 only. This ensures a bonus of up to 36%. When opening an account for a larger amount (from $3,000), a personal account manager will be at your service.