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News: IQ Option closing its classic option trades

The world of binary options has significantly changed recently with innovations coming one after the other. A few days back (on August 4th 2020), the broker IQ Option announced the end of trading its classic binary options.

Don’t worry though. Despite of this decision, trading of binary options as such with IQ Option is still possible.

The announced decision only applies to IQ Option’s in-house product called “classic binary options.” In fact, this type of options was something between forex trading and ladder options. The termination does not impact the trading of standard high-low options, we all know.

What is behind this?

I think that I know the reason for such a change. As we informed you a few weeks ago (see this article), plenty of brokers allowing trading of options had smoothly migrated to forex. Perhaps, they see it as a more lucrative business. IQ Option is no exception. Its platform has been offering Forex trading for some time already. Also, IQ Option has developed a mobile application fully dedicated to this type of trading.

Since classic options à la IQ Options were a kind of an emulation of forex trading, there was no need to keep this type of options as a burden on the platform. The platform is too complex already hardly manageable with old and slow PCs.

Currently, new positions on classical options cannot be purchased, this tool is closed for users. […] the volume of trade on this instrument was no more than 0.1% on average in the system.

Resource: IQ Option’s official statement

We will see what next changes will appear in this business. I would personally appreciate if at least IQ Option retained the binary options. Unlike 24option, or banc de binary – big brokers who closed down the business.

Open a free IQ Option demo account

Author

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author

IQ Option has made a radical step!

As I said in the past, I’ve always considered IQ Option as the main Russian binary options broker. I thought so because, according to publicly available statistics, there are mainly Russian users that connect to the website.

The total visitors is in average count up to 15 million people per month (according to statistics from May 2020) out of all those, around 4 000 000 are Russian visitors. But…

STOP to the Russian traders!

For some reason, even IQ Option decided to stop supporting Russian traders. It does not mean only that the Russian customer support or Russian language has been removed from the website of the broker, it also means a complete ban of new traders from Russian Federation.

Since I am not in Russia and don’t even have anyone in Russia who could I ask, I don’t know if this change will also affect already existing traders. Anyway, it is 100% clear that new traders from Russia are not accepted from now on.

Why has the change occurred?

According to available information, this happened due to a change in the legislation of the Russian Federation. This means that the ban might soon affect also other brokers operating in Russia.

In my opinion, this is only a temporary condition. Prohibition will definitely be canceled, but first, they need to obtain other permits, registration or regulations. It may be necessary that the Russian government better understands investments and then binary options will be allowed.

Will the change affect us too ?

Unless you live in Russia, probably not. �� Therefore, seize the opportunities and open a demo account with IQOption now. Click below ��

Author

More about the author J. Pro

Unlike Stephen (the other author) I have been thinking mainly about online business lately. I wasn’t very successfull with dropshipping on Amazon and other ways of making money online, and I’d only earn a few hundreds of dollars in years. But then binary options caught my attention with it’s simplicity. Now I’m glad it did because it really is worth it. More posts by this author

2 Responses to “IQ Option has made a radical step!”

I have a strategy that works with a minimum of $500 daily .

Hello, that’s good to know. Can you tell us the name of the strategy so we can check it?

Debbie Sheneman NP-C LLC

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