How to be VIP at IQ Option - Become VIP in IQ Option
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A trader is a bidder in the financial/stock market who seeks to make a profit. At the same time, the trader works directly in the market: analyses the situation and concludes trades. If you are ready to connect to the platform and start working with your savings, you are a novice trader. 

If you want to avoid mistakes and multiply your capital, you need to know the basics of trading and strategy. Fortunately for many, the IQ Option platform offers the possibility to open an IQ Option VIP account, which opens more opportunities for investing. This article will teach you how to be VIP at IQ Option and start earning more efficiently.

It should not be forgotten that trading involves the risk of losing the funds invested due to the high volatility of assets. This is why you should take your time and carefully study the specifics and key trading strategies, as well as practice the profitable strategies on the demo account. In order not to lose the time you can register on the platform right now and clearly see all the features and benefits of IQ Option, which will be described below.

IQ Option Online Trading Platform
IQ Option Online Trading Platform

How to become VIP in IQ Option? 

So, to take advantage of this, what to know is how to become VIP in IQ Option. To do so, you need to register on the IQ Option platform. When registering, you have to provide the requested personal information. 

This process is obligatory. This step aims to verify and protect the user's data and funds on the account. 

The next main step is opening a real account. To open a real account, you should make a minimum deposit. Nevertheless, in order to open an IQ Option VIP account, you need to deposit a particular amount in your personal account. You also need to make a monthly trading turnover of a certain amount. 

Some of the IQ Option VIP account criteria may change according to the country. If you want to clarify the current conditions for your country, it is recommended to contact customer support via live chat or by sending an email. 

VIP account benefits for the trader

What will you get if you have an IQ Option VIP account? 

  • First of all, traders receive increased interest in binary options due to the VIP account.

One of the significant advantages that VIP account holders have over other traders is the higher profitability of successful trades. 

The raised profitability makes it more straightforward to speed up the growth of your account. So even if you have loss-making trades, you'll find it easier to recoup your losses with a few profitable trades than a regular account holder.

  • Personal account manager for VIP accounts.

With a VIP account, you get a personal account manager. Your account manager will always be there to help you with any questions. That enables you to concentrate on trading and get help from an expert. 

  • Free Tournaments at IQ Option.

Another bonus for the VIP account holder is access to all the tournaments offered by IQ Option. In addition, you can participate in specific tournaments which are not available to regular account holders. 

Participate in prize tournaments on the platform
Participate in prize tournaments on the platform

Opening a VIP trading account can give you special privileges which you can use to increase your profits. 

If you are an enthusiast, ready to go towards success, you can start trading right now for free.

What is a trading platform?

What is a trading platform? How to recognize a good trading platform? 

A trading platform is software that gives you access to the financial markets. A brokerage company acts as an intermediary between a trader and the market. Trading platforms are required for the following purposes:

  • Getting up-to-date information. A trader can find out the value of an asset, archive quotations, financial news and other vital data.
  • Market analysis. Tools provided by the platform help to estimate the market's condition at the present moment and in previous periods.
  • Deal and account management. It deals with orders and accounts.
  • Analysis of trading results. The platform constantly saves the history of deals.
Why choose the IQ Option platform?
Why choose the IQ Option platform?

Why choose the IQ Option?

Usually, while choosing the right platform, traders take into consideration the following aspects:

  • The functionality of the service (tools, the ability to conduct technical and graphic analysis, other additional functions that enhance the performance). 

The IQ Option website features a sizable technical analysis section. You can use four types of charts and a lot of different indicators. All these are the essential components of successful trading. 

  • Intuitive interface. 

The simplicity of the service (easy and convenient menu, pleasing to the eye colour scheme, etc.).

Depending on the device you will use, you may choose between Desktop, Browser and mobile versions of the software application. 

To start working in the system, you need to download the application to the digital device you intend to use.

  • Educative materials.

On the IQ Option platform, you will find a large section with training videos. That is a significant advantage, especially for beginners. 

  • Minimum deposit. 

On the IQ Option platform, the minimum deposit is $10. It is very convenient for traders—also the shallow threshold for making a trade, i.e. one trade from $1. 

  • Demo Account.

To make trading on the exchange market profitable, traders need to expand their theoretical knowledge and gain practical experience. Theoretical knowledge is quite simple: many text and video courses are available in the public domain, but practical experience is not so easy - you have to experience it firsthand by trial and error. For mistakes to be less painful, you can use a demo account. 

A demo account at IQ Option is free; you will not have to pay either for its opening or for funding it with real funds. Instead, you may replenish the virtual account with virtual money to test various management strategies or familiarize yourself with the platform features. All the information about the market, including the quotes, remains accurate and up-to-date. 

IQ Option has been honored with numerous awards
IQ Option has been honored with numerous awards
  • Trading with CFD.

A contract for difference (CFD) is a popular type of derivative financial instrument. Derivatives are time-limited contracts that are a 'derivative' of the underlying asset and correspond entirely to its real-time value.

IQ Option suggests you achievable trading instruments:

  • CFDs on currency pairs;
  • CFDs on shares;
  • CFDs on commodities;
  • CFDs on cryptocurrencies;
  • CFDs on ETFs.

A CFD is a contract between a broker and a trader, the essence of which is to exchange the difference in the value of the underlying asset between the initial and the final price of the contract.

Leverage and Margin in CFDs

Another great advantage of IQ Option is the ability to trade on leverage. 

When you open a position in CFDs, only a portion of your money is used as collateral and the rest is covered by the leverage provided by your broker. 

This is also known as trading on margin. A margin of 10% means that you need to have 10% of the value of the position to make a trade. The remaining 90% is covered by the CFD broker.

For example, if you wanted to place a buy order for a $1,000 currency pair, with a 10% margin you would only need $100 to complete the trade.

Learn how to use stop orders
Learn how to use stop orders

Benefits of CFD trading

Take advantage of the following advantages of CFD trading:

  • Rapid access to different financial markets and the most liquid assets through a single trading account, providing significant opportunities for diversification of investments;
  • Increased profit potential thanks to leverage;
  • Low transaction costs and no hidden fees;
  • Possibility to open both long and short positions without any restrictions;
  • Ease of trading from anywhere in the world via computer and trading platforms.

The combination of these advantages has made CFDs a popular investment, speculative and hedging instrument for both private and institutional investors.

Get access to educational materials
Get access to educational materials

Tips for novice traders when trading CFDs

Using CFDs with leverage can be a risky venture. Leveraged trading increases the amount of money invested in the market. Therefore, the use of this tool can both increase the potential for profit and increase the potential for loss, depending on the direction of the market. 

If you are new to trading, we strongly recommend that you develop a good plan before you start investing in any trading asset, including CFDs.

And so, here are some recommendations to increase your chance of successful trading.

1. Learn as much as you can about the derivative instrument you are interested in.

Derivatives, or derivatives, are financial products that enhance market efficiency and give you access to assets that generally would not be available to you. However, to reduce the risk of loss, you must understand how the market works. 

Traders need to learn a good understanding of terms such as:

  • The long and short position.
  • Margin.
  • Lot size.
  • Rollover.
  • Stop Loss and Take Profit.
  • Slippage.
  • Operating day.

2. When developing a trading plan, try to consider all possible factors.

Your trading goals, risk appetite, trading capital, financial knowledge and time frame are just some of the essential factors to consider when developing your trading plan. It is also wise to analyze your weaknesses. Even if you have experience trading other markets, a completely different approach may be required in the case of CFDs.

3. Choose the leverage which is right for you.

Leverage allows you to make large profits due to small fluctuations in the price of the underlying asset. But if the market moves in the opposite direction, this tool will only increase your losses. So choose your leverage ratio responsibly.

Get access to different types of financial markets
Get access to different types of financial markets

Bottom line

Trading is a dynamic system of continuously changing trends. On the one hand, many external factors ascertain the value of securities.

For example, the shares of a major commodity company may react to political decisions, economic sanctions, natural disasters, even rumors of a change in management. But, on the other hand, market participants - traders - influence it just as much.

To make a profit, a trader needs to make a prediction, which must be correct.

This article has introduced you to various important aspects of trading and how to become VIP in IQ Option. Try always to follow the news. Your hard work will pay off. 

The famous British statesman and politician Winston Churchill said, "Success is the ability to move from failure to failure without losing enthusiasm". 

Believe in your abilities, and you'll succeed!

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The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose