Trading Cryptocurrencies With IQ Option

IQoption

IQ Option logoCryptocurrencies have as of late enjoyed increased popularity amongst business people selling everything from digital art to coffee. However, what separates a cryptocurrency from other types of currencies is that it is encrypted. The encryption locks the process involved in both conducting various transactions and their generation.

Cryptocurrencies have now crossed the $100 billion point which accentuates the fact that it is no longer just bounded to the realm of IT geeks and people selling drugs on the dark web. It is also poised to become the leading alternative form of money for almost everything you can think of buying.

The change brought about by the advent, and growing adoption of cryptocurrencies to the financial markets and us as consumers is still difficult to estimate. Many people still don’t realize that the possibilities are endless for everyone. Not to mention the fact that anyone and anywhere can transfer money in a matter of seconds directly, and securely.

The IQ Option Trading Platform and Cryptocurrencies

IQ Option Cryptocurrency DashboardAsk anyone who has sent money across the border, and they will tell you that it takes an average of a week to process. So, the ability to send almost any sum of money to any part of the world is an attractive prospect for businesses and individuals.

The other plus point of using cryptocurrencies is that it renders fraud near impossible. The blockchain employed by these currencies is secure and tracks every transaction. Obviously, less fraud means more trust and safer business practices.

Cryptocurrencies have managed to change the world in a way that has not been possible for many centuries, i.e., it was able to do away with the need for banks. You no longer need to go through a bank to transfer money and pay a commission in the process. Also, banks charge for mediation if things go wrong. With the use of cryptocurrencies, this will no longer be a problem that people need to concern themselves with when doing business.

Top Cryptocurrencies Choices

Bitcoin

Bitcoin Logotype BrandingOriginally launched back in 2009, it was the first cryptocurrency to be publicly traded. The fact that it was accepted into the market marked a new era in the development of a fresh international financial system. Today, Bitcoin comprises 45% of the entire cryptocurrency market and also happens to be the most expensive currency to buy.

There is a limit to the number of bitcoins that can be produced. It is limited to just 21 million, and with rising demand, the price increases with it. It is also the most trusted cryptocurrency. Satoshi Nakamoto is considered the creator of Bitcoin though nobody has ever seen or heard him.

Dash

Dash Logotype BrandingDash was previously called XCoin and Darkcoin, launched in 2014, it offers the same capabilities as Bitcoin but with the added advantage of instantons transactions or InstantSend as it is called. It also has a feature called PrivateSend and one called decentralized governance or DGBB. Dash users can send money in a second while remaining anonymous thanks to the implementation of a technology similar to Tor.

Dash benefits from a two-tier system. Miners are the people who are the first to write on the blockchain putting them in the first tier. The use of so-called Masternodes allows for the use of advanced features like add-ons which form the second tier.

Ethereum

Ethereum Logotype BrandingEthereum is ranked as the second most popular type of cryptocurrency, right behind Bitcoin. That’s an achievement in itself considering the status of Bitcoin as the pioneer of cryptocurrencies. It is currently worth more than 50% of bitcoins in value.

One of the leading features of Ethereum is the use of smart contracts. The use of smart contracts adds yet another layer of security which in addition to reduced transactional costs makes it attractive to businesses.

Smart contracts are stored within Ethereum’s blockchain. They work as a sort of exchange mechanism which will carry out a direct transaction of the value between two agents of unknown origin. Smart contracts is one of the reasons why Ethereum is so successful.

However, Ethereum is known for being volatile with spikes in value, In June 2017, the currency experienced a brief crash from $319 to just .10 cents, which then rebounded the next day.

IOTA

IOTA Logotype BrandingIt is a relatively brand new cryptocurrency which is being touted as a new generation of the conventional blockchain. The new currency has been optimized for use in the Internet of Things. So, unlike using a heavy and increasingly large blockchain, IOTA was developed with making it as small and light as possible.

IOTA replaces the blockchain with tangles. Tangles is mainly based on the use of Direct Acyclic Graph or DAG as it is called. The DAG does not distinguish between validators and regular users which approve transactions. So, to affirm a commitment to a transaction the user has to confirm two other different transactions. That is the foundation of the decentralized system.

Litecoin

Litecoin Logotype BrandingLitecoin is an alternative cryptocurrency which was created after the success of Bitcoin. The Litecoin can be considered as an enhanced Bitcoin. The significant difference between the two cryptocurrencies is with Litecoin you can assure a faster transaction. The cryptocurrency is not controlled by any central authority, it also has no cost of transaction associated with it and its transaction time is 4x the speed of regular Bitcoin.

Ripple

Ripple Logotype BrandingRipple is a business that provides a global market solution. They launched their own cryptocurrency which was seen as the next logical step. Its creators say that Ripple is the fastest cryptocurrency in the world and can be used for scalable digital assets.

It also boasts of immediate transactions. So, a user can process up to 1000 deals in just a second that is much faster than Ethereum and has excellent stability. It is also ranked as the third most popular cryptocurrency.

General information

The legality of cryptocurrencies:

  • Bitcoin is permitted for use in all countries in the world except for Bangladesh, Kyrgyzstan, Ecuador and Bolivia.

Start trading now with our recommended Binary Options Brokers.

Start trading now with Binary Option Robot

Recommended Brokers:

 Min. InvestMin. DepositMax. Returns   
Optionrobot
$1
$200
91%
Gold
Review
iqoption
$1
$10
92%
SilverReview
BinaryRobot365
$1
$100
90%
BronzeReview
All brokers >>

Digital Options Offered By IQOption

Digital Options Call Put

IQ Option logoThe big differences between binary and digital option trades is the classification of ‘strikes.’ A ‘strike’ is considered an entry point into the market. When trading binary options, a strike is the position or a price at which the traders enter into the market.

Digital Options AUD CAD

The Digital Option feature will allow a greater control over your trades

In Digital options, traders have the choice of choosing the most profitable strike. So, they (traders) have seemingly more control over their entry.

Traders can choose from 22 possible ‘strikes’ at any time during a trading day. However, the number of ‘strikes’ available can vary mainly depending on the market situation and the type of chart. A trader’s profit in the digital options industry is largely based on risk. Though traders can end up making as much as 900% profit on an upswing.

Having the ability to buy multiple trading options which expire at any time, in addition to as many ‘strikes’ opens up traders to a whole new avenue of possibilities. When trading digital options traders can also open positions in advance.

Digital Options Call Put

This feature will surely help traders who seek a wider control over their trading

So, traders can automatically enter the market at a time when they think is most profitable. Though they may yield a comparatively lower profit owing to the risks when compared to regular trading options.

Like all other trading options, a trader also has the ability to sell his or her position prior to expiration. However, it shouldn’t be any later than 20 seconds before a transaction ends. Plus it also is highly dependent on the current pricing which can either mean that they end in profit or get part of the funds they invested back.

Start trading now with our recommended Binary Options Brokers.

Start trading now with Binary Option Robot

Recommended Brokers:

 Min. InvestMin. DepositMax. Returns   
Optionrobot
$1
$200
91%
Gold
Review
iqoption
$1
$10
92%
SilverReview
BinaryRobot365
$1
$100
90%
BronzeReview
All brokers >>

French Regulator Waives Bans on 24Option

24Option Com Logotype

The French financial regulator i.e. Autorité des Marchés Financiers or AMF has said that they will be waiving the ban off Binary Options, CFD, and Forex trading broker 24option.com. The removal of this prohibition ensures that the service will soon start operating in France.

The parent company Rodeler Limited which holds a valid CySEC license for 24option in Greece has said that the ban was enforced in August 2016. The AMF through its findings stated that 24option was offering Binary Options trading brokerage services to clients in France.

The AMF has now stated that since the ban was enforced the company (24option) had taken all the required measures to fix the situation. All of this means that 24option will now retool its service offering in the country thereby offering only CFDs and trading options which are allowed in France.

France is often recognized as being one of the strictest financial regulators in Europe especially when it comes to trading using leverages, currencies and binary options. Last August a blanket ban was enforced on advertising of all types leveraging trading services in France. However, it was later clarified that the ban didn’t restrict CFDs that used stop-loss measures.

AMF Badge

AMF is the regulatory authority in France

The primary requirement which 24option had to deal with was to install and ensure a hard guarantee type stop loss for every type of CFD trade. Each trader can only enter into a CFD trade with a particular stop loss in place and only then can the trade be executed. Clients that have zero equity will be automatically stopped from trading which ensures that traders don’t have negative balances.

Even though 24option will see this as good news, the company has managed to find itself in trouble more than once as of late especially with regulators. The company had applied for a Forex Brokerage license in Russia but which was turned down. 24opion has also received a warning from the FMA which is the New Zealand’s financial regulator.

Start trading now with our recommended Binary Options Brokers.

Start trading now with Binary Option Robot

Recommended Brokers:

 Min. InvestMin. DepositMax. Returns   
Optionrobot
$1
$200
91%
Gold
Review
iqoption
$1
$10
92%
SilverReview
BinaryRobot365
$1
$100
90%
BronzeReview
All brokers >>

AnyOption Set To Merge With Invest.com

AnyOptionLogotype.jpg

Industry sources have revealed that Anyoption which is one of the biggest binary options brokers is expected to merge with Invest.com.

Invest.com is one of the leading portfolio management service providers. As a consequence Invest.com will be leading the merged entity. However, we are still not clear on how much the business was acquired for at the moment.

As part of the merger, both Anyoption and Invest.com will work towards creating regulatory and operational cooperation. For Instance, Invest.com will hire South African citizens since Anyoption has a license to operate in the region.

However, information is still sketchy as to if the resulting entity will drop the Cyprus Securities and Exchange Commission licenses, which is held by both services.

$5 million domain acquisition

The CEO of Anyoption, Shy Datikia said that the resulting entity will keep all the binary options services that it’s famous for, also adding portfolio management to its offering by Invest.com.

According to many sources who are privy to the matter have revealed that Anyoption will also be bringing onboard its extensive list of clients as part of the merger.

Invest.com was worth $5 million back in 2014, and that’s what was paid to acquire the domain by the company as a strategy to make headway into the forex industry by offering an all asset brokerage.

Invest Com LogotypeInvest.com was launched in May 2016 as a portfolio management service after having raised over $20 million in venture capital funding. The brand new platform was geared towards the United Kingdom with the goal of providing retail access to people seeking alternative forms of investments.

The mother company behind Anyoption.com i.e. Ouroboros Derivatives Trading Ltd obtained its CySEC license no. 302952, in 2012 and has since become a well-known brand in the trading industry.

Cysec Regulatory Authority

CySec is one of the main regulatory authorities in the binary options industry

Anyoption.com has been faced by growing regulatory pressure in its country of origin which has raised its cost of doing business significantly taking its toll on the business.

In August 2016, the company opened two brand new offices in Cyprus and Bulgaria which was part of its exit strategy from Israel (the country of origin.) Two months after the offices were opened it was granted a license for Portfolio Management and Investment Advice from CySEC.

Recently we have learned that Anyoption shuttered its call center services in Israel, which consequently laid off 80 employees. The move was mainly seen as part of a set of instructions that were sent by CySEC to binary options services operating in territories other than Europe.

Start trading now with our recommended Binary Options Brokers.

Start trading now with Binary Option Robot

Recommended Brokers:

 Min. InvestMin. DepositMax. Returns   
Optionrobot
$1
$200
91%
Gold
Review
iqoption
$1
$10
92%
SilverReview
BinaryRobot365
$1
$100
90%
BronzeReview
All brokers >>

Why Choose Regulated Binary Options Brokers?

EU regulated

If you have been trading binary options for some time, you have probably noticed that there are two types of brokers out there: regulated and unregulated. In some countries such as the USA, it is compulsory for traders to register with licensed and regulated brokers. In others (nearly all European countries) it is not an obligation but still, traders prefer to work with a regulated broker. Why is that? What are the benefits? Let’s find out!

Why Is Binary Options Trading So Popular?

Trading binary options has been becoming increasingly popular for many years now amongst beginner as well as seasoned traders. Compared to other forms of online, binary options are easier to comprehend and get a grip of. The most important thing is that the trader is informed of all the risks and the rewards that their trades can result in at all times. Considering this, it is crucial to understand that in order for a binary options trader to succeed, it is important that they choose to trade with regulated binary options brokers and use reliable instruments for this purpose.

Why Trade With a Regulated Broker?

All in all, there are three possible reasons traders prefer trading with regulated brokers only. They are:

  1. When trading with a binary options broker, you buy binary options right from this very broker. It is for this very reason that it is of most extreme significance that you pick a reliable representative to work with. This would imply that regulated brokers are more interested in their traders’ success. Therefore, they are simply a better choice.
  2. Regulated brokers must keep up the assets of their customers independently from their company’s assets. This way, if anything happens to the broker, its traders will still get their money.
  3. Regulated brokers have to guarantee that they are in possession of an adequate amount of financial capital that allows running their trading operations with no issues

As you can see, there are numerous benefits to choosing a regulated broker over all others that are on the market. After all, having the right broker is one of the most important things in your trading strategy, so why take a risk.

Start trading now with our recommended Binary Options Brokers.

Start trading now with Binary Option Robot

Recommended Brokers:

 Min. InvestMin. DepositMax. Returns   
Optionrobot
$1
$200
91%
Gold
Review
iqoption
$1
$10
92%
SilverReview
BinaryRobot365
$1
$100
90%
BronzeReview
All brokers >>

SpotOption latest platform version Spot5. Our Thoughts.

spotoption homepage

spot-option-platformOne of the leading technology providers on the binary options market, SpotOption, has recently reported its most recent platform called Spot5. It will be released at their upcoming IFX EXPO in Cyprus on May 23-25.

This platform will focus on meeting the regulations when it comes to trading products. Additionally, it will be offering brokers automated trading solutions for managing their trading activities. From now on, SpotOption is working with the autonomous approach with online brokers, which is said to be the way all trading will work in the future.

Together with an updated and improved mobile app and its multi-platform tech solution, the new platform will be providing brokers with automated solutions both for traders and brokers. The SpotOption developer team also told us CFDs and Digital Contracts will be included in the Spot5 platform as they are currently approved by all the major binary options regulators around the world and are quite popular among traders.

Screenshot

spotoption homepage

The newest services that are included in tech solutions for brokers include automated sales and marketing instruments allows traders to pass on call centers and help them solve their issues with highly reliable technology. Also, the marketing materials always pass regulatory checks, so brokers needn’t worry about crossing any boundaries without knowing it.

One more thing that is worth mentioning is the Spot Algotrader feature. It was developed with the aim to provide traders with automation and help with creating and implementing formulas and strategies. The Algotrader lets traders align their actions to their analytical results and form strategies accordingly.

Many of our top recommended brokers are using SpotOption technology on their trading platforms. Amongst them are such market leaders as BDSwissFinpariBinaryTilt, and ImperialOptions. Therefore, we are very excited to see these future technological developments, test them ourselves and hear our readers’ opinions on them.

Start trading now with our recommended Binary Options Brokers.

Start trading now with Binary Option Robot

Recommended Brokers:

 Min. InvestMin. DepositMax. Returns   
Optionrobot
$1
$200
91%
Gold
Review
iqoption
$1
$10
92%
SilverReview
BinaryRobot365
$1
$100
90%
BronzeReview
All brokers >>

What to look for in a broker’s mobile trading app?

mobile trading

When choosing a binary options broker, one of the things you would want to check is whether it has a mobile trading platform and how good it is. Even if you are mainly trading using a desktop and are not planning to trade on the go, having such an opportunity will come handy when traveling or just commuting to work. It’s nice to have an option to earn some money even then, so make sure you have one.

With this in mind, is there anything specific one should look for in a mobile trading app? The answer yes, and here is what you need to consider.

1. Updated rates always available.

The most important thing, as well as the biggest challenge, is the availability of a continuous flow of updated rates in your mobile app. Some delays for a few minutes or even hours occur often in some apps. This is either because of some technical problems or a weak internet connection. What you need to look for is the assurance that the rates are taken from the feed which is later converted using a web socket. This way, the rates are then usually the same as those on the web server.

2. No internet problems.

In case you move from WIFI to a mobile network, your mobile trading application has to be able to recover all the data and operations that were conducted during this move. At that point, a user will not be disconnected and will be able to continue using the app and not lose any data. To assure this is not as easy as it sounds. If it just so happens that you just opened a position, you need to be sure that you can continue from the last action you conducted with the previous connection. This requires a great degree of technical backup. Any mobile trading app should also have an offline mode available. It’s not the best, but it gives you more access not depending on the circumstances they might encounter. When offline, you should still be able to access basic features such as you trading history.

3. Quick processing time.

It’s pretty obvious that the fastest possible processing time should be a priority for mobile trading. Once you have placed a trade, a broker should be able to quickly proceed with it.  In case there is any delay, the whole point of the deal might be lost, especially if your trade had a short expiration time. Speed is everything in trading, so that’s definitely a thing you would want to have in your mobile app.

4. User-friendly.

No matter how fast and reliable the app is if it’s heavy and difficult to use, there is no way your trading will be successful. Having to trade on a mobile device makes the design much more important than anywhere else. The way it looks and feels needs to needs to be carefully considered and cannot be compromised just as its performance characteristics.

If the app is overloaded with information, this is also awful for the user. It’s important to be able to differentiate between information that is crucial, less important and not important at all. Make sure you can do so at the fist glance at the app.

5. Secure.

For sure, one of the biggest concerns of traders when trading on mobile is security.  How safe is it to trade using your smartphone after all? No need to worry about that! People are often worried about security on mobile devices However, this is just a matter of stereotype. Nowadays, mobile trading is just as secure as any other form of it. On a mobile just as on a desktop, the level of security is pretty high. So your only concern should be choosing a reliable broker. If desktop trading is secure with it, mobile trading is as well.

Start trading now with our recommended Binary Options Brokers.

Start trading now with Binary Option Robot

Recommended Brokers:

 Min. InvestMin. DepositMax. Returns   
Optionrobot
$1
$200
91%
Gold
Review
iqoption
$1
$10
92%
SilverReview
BinaryRobot365
$1
$100
90%
BronzeReview
All brokers >>

China Outperforms Other Regions in the First-time Binary Options Deposits

IQoption

We at 7 Binary Options were quite amazed at the latest binary options industry reports. According to the data presented in them, China well outperformed other regions in regards to the first-time binary options deposits. According to the sign-ups in this region in January 2017, the attention to this region really paid off: the new users from China that opened their accounts during this month with the biggest deposits than on any new market before this.

So what are the countries that are leaders in first-time binary options deposits?

They are the following: China, Turkey, Germany, Poland, the UK, Slovenia, Singapore, France, Switzerland, the Netherlands. Let’s take a look at the diagram below:

first deposits in binary options by country

 

However, China still has to show a lot of progress in order to break the overall deposit record. This ranking is still mostly dominated by rich countries (UK, Singapore, Kenya, Australia, the Netherlands, Denmark, Poland, Kazakhstan, Mexico, Cyprus). Check out the diagram illustrating this ranking below:

average deposits in binary options

So there’s definitely a long way to develop for this market. But as we can see, it already started strong and keeps on growing. So it is possible that in a short period of time we’ll see the last graph change to include China as well.

The latest publications about the binary options industry are created with a simple approach of including the data from the main sources of top players on the market.

Nowadays in the trading world, big-data analysis and having access to carefully selected and objective information sources are all very important things for success. Until recently, it has been very difficult to get it and quite costly as well, if possible at all, especially when it comes to practical information, statistics, etc.

Precisely for this reason, 7 Binary Options reviews all the important industry events daily in order to keep our readers up-to-date with everything that is happening on the market. Additionally, you can always check out our Education section with dozens of useful and helpful articles for binary options traders of all levels of experience and knowledge.

Start trading now with our recommended Binary Options Brokers.

Start trading now with Binary Option Robot

Recommended Brokers:

 Min. InvestMin. DepositMax. Returns   
Optionrobot
$1
$200
91%
Gold
Review
iqoption
$1
$10
92%
SilverReview
BinaryRobot365
$1
$100
90%
BronzeReview
All brokers >>

Binary Options Exchanges: What Are They and How To Trade Them

Daweda Exchange-logo

The binary options market is forever evolving as many new products and services are coming to it. Binary options exchanges is the latest news out there. It offers an entirely new trading experience for traders everywhere.

As binary options are already well-known all around the world, many traders are already familiar with this area. However, binary exchanges represent a new step in our trading journey. But what is it exactly and how take advantage of it? Let’s find out together.

What is a Binary Options Exchange?

Basically, binary options exchanges represent a new revolutionary way of trading in binary options markets. When we look at traditional binary options trading, we see that a trader places trades against the broker that they had chosen. Because of this, many traders believe that broker faces a conflict of interest and traders as a result can stop traders from making a profit. But this is definitely not true for many brokers out there.

How to Trade Binary Options Exchanges?

If you decided to trade on binary options exchanges, you must understand how to proceed first. Once you have registered and made an initial deposit, you start taking positions against your peers and binary trading colleagues. This way, on the other side of your trade, is not a broker but another trader.

On the other hand, this system also allows it that sometimes when you are trading binary options exchanges, there is no one on the other side of the trade.

The binary options exchange rates differ from exchange to exchange as it’s not as simple as only two binary options that have exactly the same level. The technology behind binary exchange is also different: some of them are traded quite similarly to traditional binary options trading but other others are not. Binary exchange technologies often enable platforms to even offer automated trading. This is the case with Daweda Exchange, one of our top recommended binary options exchanges.

Daweda Exchange uses binary options exchange together with an algorithm that lets traders place automated trades on the binary exchange as well. This methodology is very rare on the market and definitely requires traders to do some extra research and read educational materials on how auto trading works with binary exchanges. But if you undertake this challenge, the experience can provide you with a new type of binary trading entirely.

Screenshot

cysec license daweda

Binary Options Exchange the USA

nadex exchangeWe often get questions from the binary options traders in the States. They ask whether there are any binary options exchanges that accept traders from the USA. And we have some good news for them: there most certainly is such a service! More than that, it is completely licensed and regulated on the US territory.

The regulatory body for binary options trading in America is called by the CFTC. It serves as a replacement of CySEC in the EU and its task is to make sure all operations are done correctly and fairly to the traders. The US licensed binary options exchange is NADEX, which received many positive reviews from traders and came highly recommended by us as well.

Start trading now with our recommended Binary Options Brokers.

Start trading now with Binary Option Robot

Recommended Brokers:

 Min. InvestMin. DepositMax. Returns   
Optionrobot
$1
$200
91%
Gold
Review
iqoption
$1
$10
92%
SilverReview
BinaryRobot365
$1
$100
90%
BronzeReview
All brokers >>

How to Secure Your Trading Funds: Simple Old Techniques

binary funds protect

Trading binary options (as well as any other similar trading instruments) always has a certain risk level. However, you don’t have to take on more risk than it is necessary. As a trader, your success is often tied to the performance and reputation of the brokerage that you have chosen for your trading. Therefore, signing up with a broker that does not take responsible measures to protect its traders’ funds is only going to result in losses. It is simply a bad business.

If you know you have entrusted your hard-earned money to a reliable broker and your money is safe, you can keep the peace of mind that helps them sleep at night. But what should you be looking for in a broker before you sign up? Let’s find out about it!

Risk management

During a potentially volatile event (for example, elections and political announcements) and especially during the times of unexpected market volatility (black swan type of events), trading with a broker that has set in place an advanced risk management processes is important for ensuring your funds will be kept secure.

Using educational materials

You need to make sure your broker can provide you with good educational tools: ebooks, educational webinars, articles, videos, and so on. Those are all great marketing tools that provide traders with valuable information. Educational materials help traders to fully understand the issues regarding trading and to establish their own trading strategies that help them with the trading. Check out what educational tools are provided your selected broker.

Segregated accounts

It is a common practice to maintain segregated accounts and it is compulsory by regulators across the board. So if a particular broker that does not maintain separate accounts for their trader’s funds, that is already a major red flag.

Insured funds

Finally, some brokerages ensure the safety of traders’ funds through fidelity bonds placed with insurance companies. Ask customer support in advance if this is possible with your selected broker. This can save you a lot of trouble in the future.

Conclusion

If you are looking for good ways to trade binary options, make sure you sign up with a broker that really cares about its traders and can protect them with business practices that work to secure their funds.

Consult the list of our recommended broker to find out more about your options.

Start trading now with our recommended Binary Options Brokers.

Start trading now with Binary Option Robot

Recommended Brokers:

 Min. InvestMin. DepositMax. Returns   
Optionrobot
$1
$200
91%
Gold
Review
iqoption
$1
$10
92%
SilverReview
BinaryRobot365
$1
$100
90%
BronzeReview
All brokers >>