This material is not intended for viewers from the European Economy Area countries. Binary options are not promoted or sold to retail EEA traders. In EEA, binary and digital options are only offered and advertised to professional traders. If you are not a professional trader, you can not trade binary and digital options.

News: IQ Option closing its classic option trades

iqoption-en-logoThe world of binary options has significantly changed recently with innovations coming one after the other. A few days back (on August 4th 2017), 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

BrokerBonusMin DepositPayoutReviewOpen Account
IQ Option Review – Is it SCAM or LEGIT broker?
FREE DEMO ACCOUNT$ 10Up to 100 % (in case of correct prediction)!*ReviewTrade Now!
*in case of correct prediction

Do you need help? Click here: How to open IQ Option demo account.


J. Pro

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

Leave a Comment

General Risk Warning:
The financial products offered by mentioned companies 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.
Copyright © 2023. All Rights Reserved. x Binary Options