FX Options on IQ Option – How to profit from this new trading product! FX Options is a unique trading instrument introduced by IQ Option in late 2018. The company launched the product as an alternative to binary options. As a result, traders can buy Higher and Lower chances with expiry times.
FX Options on IQ Option
IQ Option Broker Details:
- The minimum deposit is $10
- $1 Minimum Trade Size for Binary Options & 30$ Minimum Trade Size for FX Options
- Demo Account Without Deposit – Click Here To Open an Account
- Great Trading Platform for Crypto, Forex, Stocks, ETFs, Binary Options, Digital Options & FX Options!
- Up to 95% Profit (*) – The amount will be credited to the account in case of successful binary options investment!
- Great Trading Tournaments Every Month – (*) Tournaments are subject to Terms & Conditions, and clients residing in the European Union can’t access Trading Tournaments
- IQ Option Best Binary Options Broker. Trade Crypto, Forex, Stocks, and ETFs
FX Options on IQ Option
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FX Options vs. Binary Options
There are some similarities between Binary and FX Options but also many differences. The good news is that with FX Options, the potential payout is not limited, and your profit could grow until you decide to close the option.
Payout
The main difference between the two instruments is the payout system. The predefined payout is fixed with binary options, and with FX options, the potential profit might significantly increase. However, instruments limit the risk to the amount you decide to invest.
Expiry Time
When you trade binaries, you can choose your expiry time from plenty of available times, such as 60 seconds and 5 minutes. However, while on FX Option, the expiry starts every hour, and you decide when to enter, which means the expiry time cannot be more than one hour.
Strike Price
You usually buy the contract with binary options at the current market price. However, you can choose your strike price when you trade FX Options. Plenty of general strikes allow you to manage your potential profit and risk.