There are several ways to trade bitcoins, some of these are more easily learned than others. With IQ Option, these trades are very straightforward and as such, traders can get it up and running with ease. The question then is which way to best approach buying or selling Bitcoin on this platform.
There are several reasons IQ Option is one of the cheapest exchanges, let us look at a few of the more prominent ones. These are each reason enough almost but together they paint a very vivid image.
- Low Minimum Deposit. The first thing that makes IQ Option such a cheap Bitcoin exchange is the small deposit required to start trading on this platform. At just $10 this allows traders to get into the action in a cheap and easy way and offers margin trading and more with a low entry.
- Free Trades. A notable feature of this that makes it such a viable candidate for a low cost platform is the free trades. Unlike many other platforms, there are no additional fees attached to the action of day trading. This means traders can make as many trades as they want around Bitcoin without paying extra to do so.
- Free Demo. The free demo that this platform incorporates includes a refillable $10 000 account that enables traders to experience the Bitcoin market without any risks or potential losses. This makes the overall venture cheaper because users can learn the fundamental steps around trading and practice the finer details, all for free.
- Low Swap Fee. Another reduced cost that IQ Option includes is that of low swap fees. Considering these are some of the only fees involved with this platform, the costs are good. These only occur when a trader might want to hold a particular trade overnight. Over the weekend these of course increase but they still remain quite low relative to other costs from some platforms and a good option to have.