TRADING WITH IQ OPTION IN SWITZERLAND - OUR REVIEW
IQ Option has established itself as a reliable broker in many countries around the world. Switzerland is next on the list and Swiss residents can now trade all sorts of financial instruments on IQ Option’s platform. Let’s take a look at the trading conditions and instruments available to traders and investors who reside in Switzerland.
- Multi-asset trading platform
- Trade forex, binary options, stocks, crypto, ETFs, etc.
- Minimum investment of only $1
- Free Demo account
- Deposit as little as $10
IQ Option’s Licence / Regulation
IQ Option Ltd. is registered in St. Vincent and the Grenadines and this entity is not regulated.
What Can You Trade on IQ Option’s Platform?
Swiss traders have a great variety of instruments to choose from. And all of these instruments can be traded on one single trading platform!
Unlike traders from the European Union, Swiss traders are not limited by ESMA regulations, so they have access to more instruments and higher leverage. Let’s take a look at the types of instruments available to Swiss traders…
IQ Option Digital Options Trading
Swiss traders have access to two different types of options. One of these is digital options. When trading digital options, traders can choose between different strike prices and payout percentages can be up to *900%.
*Payout percentages apply only to successful trades. The maximum payout percentage on digital options is 900%.
IQ Option’s digital options are available in the following currency pairs:
- 19 standard digital options which are tradable during weekdays.
- 8 OTC (over-the-counter) digital options for weekend trading.
Digital options can be traded with expiry times of either 1 minute or 5 minutes. However, trades can be entered late, which means that expiry times can be achieved of less than 1 minute or between 1 minute and 5 minutes.
*The currency pairs available for digital option trading can differ from time to time. There can also be different expiry times than the times mentioned above.
IQ Option Binary Options Trading
Swiss traders have full access to IQ Option’s binary options. This includes about 60 different instruments from the following categories:
- forex pairs
- individual stocks
- stock indices
- commodities (gold)
IQ Option’s binary options can be traded with ‘end of the day’ and ‘end of the month’ expiries, as well as a wide range of intraday expiry times. The lowest expiry time is 1 minute.
Binary option payouts are not always the same and depend on market liquidity, news releases, the time of the day, the instrument which is traded, and other factors. The maximum payout percentages on some of the binary options can be as high as 90-95% and in some cases, even higher.
For those traders who might be too busy to trade during the week, OTC (over-the-counter) binary options are available for weekend trading.
IQ Option Stock CFD Trading
Some people think you need a lot of money to trade stocks. But with IQ Option, the smallest stock trade is only $20, which requires $1 of margin to place.
IQ Option has about 174 stock CFDs which can be traded by Swiss residents with leverage of up to 1:20.
You can trade stock CFDs on the same platform where binary options, forex, ETFs, and other instruments are available. This makes it easy to spread your capital over different asset classes for better portfolio diversification.
IQ Option Forex Trading
Because of its deep liquidity and tight spreads, the forex market is often a playground for large investors. IQ Option has an impressive selection of more than 85 forex pairs.
Swiss traders can use leverage of up to 1:1000 on certain currency pairs. Other pairs have maximum leverage settings of between 1:100 and 1:300. Currency pairs with a high risk of extreme volatility may have a maximum leverage which is lower than 1:100.
IQ Option Cryptocurrency Trading
Because of its elevated volatility, the cryptocurrency market has attracted large numbers of traders and investors from around the world. IQ Option’s cryptocurrency CFDs make it convenient to engage in the crypto market and eliminate the risk and hassles of buying actual cryptocurrencies. Cryptocurrency CFDs make it possible to speculate on the price fluctuations of cryptocurrencies without actually owning it. CFDs also enable traders to make money when the market moves lower (with short positions).
IQ Option has two types of cryptocurrency CFDs:
- Standard crypto CFDs
- Special crypto CFDs
Unlike traders from the European Union, Swiss traders can trade both of these types of crypto CFDs. Swiss traders can also trade these instruments with leverage of up to 1:100 for special crypto CFDs and up to 1:10 for standard crypto CFDs.
The special crypto CFDs have much higher leverage and much lower spreads than the standard crypto CFDs. Special crypto CFDs expire on a daily basis, however.
Both types of crypto CFDs require a minimum investment of only $1.
IQ Option Commodity Trading
Commodity CFDs enable traders to speculate with different crops, metals, energies, etc, without physically taking delivery of it. For obvious reasons, this is a very convenient way to participate in the commodity market. Of course, a contract for difference allows traders to buy (go long) and sell (go short) commodities, which means that gains can be made even when commodity prices turn south.
IQ Option has *6 different commodity CFDs available. As with all other instruments on IQ Option’s trading platform, these CFDs can be traded with as little as $1 per trade. The leverage available to Swiss traders is up to 1:150.
*This number can vary from time to time.
IQ Option ETF Trading
Exchange-traded funds, or ETFs, are a very popular asset class; and for good reasons. ETFs enable traders to gain exposure to a market sector or a group of assets by simply trading one single ETF. This can make portfolio diversification much easier because traders do not need to select several individual instruments from specific sectors and combine them in their portfolio. Besides that, IQ Option’s ETFs have pretty low spreads and can be traded with leverage of *1:20 by Swiss residents.
*The leverage available on ETFs can vary from time to time.
Different IQ Option Features
IQ Option Platform Features
IQ Option clients can access its powerful trading platform in different ways, namely through desktop, web, and mobile versions. The mobile version is available for both Android and iOS devices.
About Charts and Trading Tools
IQ Option’s trading platform is equipped with many handy technical indicators, as well as widgets like ‘Other Traders’ Deals’, ‘Traders’ Mood’, ‘High and Low Values’, ‘News’, and ‘Volume’.
With IQ Option’s platform, you can trade directly from your charts. It is also easy to switch between different charts and instruments. You can use different chart types and choose between many different time frames. Graphical tools are also available for traders who use Fibonacci levels and trend lines.
News, Forex Calendar, Earnings Calendar, and Crypto Calendar
Economic news, politics, and other news events often impact the financial markets in a meaningful way. IQ Option’s trading platform is equipped with a handy news feed to keep you on top of what’s happening in the world.
Traders can also use the Forex Calendar, Earnings Calendar, and the Crypto Calendar which are right next to the news feed.
Mobile Trading Apps
IQ Option’s mobile apps are convenient to use and also have widgets, technical indicators, and drawing tools. Trading can also be done directly off the charts, with the order entry box situated on the right side of the screen.
Here are the different mobile apps and the instruments which are available to Swiss clients:
IQ Option Android App
With IQ Option’s standard Android app, clients can trade digital options, forex, stocks, cryptocurrencies, commodities, indices, and ETFs.
IQ Option iOS App
The IQ Option iOS (Apple) app supports digital options, forex, stocks, cryptocurrencies, commodities, indices, and ETFs. (The same as the Android app).
IQ Option APK App
The IQ Option APK app works with Android devices and supports binary options, digital options, forex, stocks, cryptocurrencies, commodities, indices, and ETFs.
IQ Option Progressive Web App (PWA)
IQ Option’s PWA can be accessed by Android and iOS devices and supports binary options, digital options, forex, stocks, cryptocurrencies, commodities, indices, and ETFs.
Apps for Binary Option Trading
As you can see, the APK app and the PWA are the only apps that support all of the tradable instruments. The iOS and standard Android app do not support binary option trading.
Clients with iOS devices who want to trade binary options can use the progressive web app (PWA) to do so. Clients with Android devices can use the APK app and the PWA to trade binary options.
IQ Option Trading Accounts - What are Your Options?
IQ Option Demo Account
IQ Option’s fully functional demo account has all the features and financial instruments of a real (live) trading account. With virtual funds of $10,000, traders can learn how to trade without risking any money. This demo account does not expire and traders can easily switch between it and their live (real) accounts.
IQ Option Real Account
IQ Option’s real trading account offers you live trading with real money. With a small deposit of only $10, you can trade a wide variety of assets.
Traders with live accounts can also partake in IQ Option’s trading tournaments. These tournaments can be entered directly from your trading platform.
IQ Option VIP Account
An IQ Option VIP trading account gives you access to quite a couple of perks, which include higher profitability rates and a personal account manager. To qualify for a VIP trading account, you need to deposit $3,000 or more. For more information about the advantages of a VIP trading account, take a look at IQ Option VIP Account Review - 6 Great Benefits.
Our IQ Option Review: Final Thoughts: Is IQ Option a Scam?
IQ Option is definitely not a scam. IQ Option is a reliable broker with a good reputation and superb trading conditions. Its customer support is satisfactory and it offers very decent payouts, especially on binary options.
Frequently Asked Questions
The minimum deposit is 10 USD ($10).
If you are already a registered IQ Option user, simply open the IQ trading platform and enter the following:
- Your username or email address
- Your password
If you are not registered with IQ Option yet, you can get started by following this link. Once you have signed up, you can download IQ Option’s desktop platform (or mobile application). Open the platform and sign in with your credentials.
The payment methods for funding your IQ Option trading account include the following:
- Visa credit and debit cards
- Mastercard credit and debit cards
- Neteller (e-wallet)
- Skrill (e-wallet)
- WebMoney (e-wallet)
- CashU (e-wallet)
- Wire transfer from your local bank
Yes. IQ Option’s over-the-counter (OTC) options are available over weekends. Swiss traders can trade OTC binary options and OTC digital options.