You need to use money to make money when you’re a trader. If you could trade without putting your money on the line, all options brokers would be out of business. But IQ Option does offer traders the opportunity to trade risk free. Here’s how.
Overview of risk free trades
A risk free trade is one in which you don’t stand to lose your invested amount. For example, say you invested $100 on a binary options trade. Normally, you’d lose the $100 if the trade didn’t go as you predicted.
On the other hand, you’d make anything between $65 to $92 profit if the trade was a winner.
With a risk free trade, the $100 would be refunded to your account if your trade was a loser. If it was profitable, you get to keep the profits.
In reality, options brokers would never operate this way. How would they profit?
IQ Option actually offers some of its traders the opportunity to trade risk free.
How traders get risk free trades on IQ Option
The obvious way to trade risk free on IQ Option is through the practice account. Regardless of whether your trades win or not, you won’t end up losing any of your own money. There’s one problem however, you won’t make any real money trading on the practice account.
Getting risk free trades when trading a real IQ Option account
IQ Option will regularly offer risk free trades to their VIP account holders. To become a VIP, you need to deposit at least $1900 or have a trading volume of at least $15000 over a 3 month period.
Note that the VIP account isn’t available to traders residing within the EU. When risk free trades are available, IQ Option will usually send a notification through your trading interface. All you need to do is click on the notification to accept the offer and then place your trade.
VIP traders can also benefit from risk free trades by participating in tournaments. IQ Option regularly holds free entry tournaments. This means you don’t have to invest anything to participate. However, the prizes can be over $5000.
IQ Option might award a random trader a risk free trades. But you have to work for it. Being a regular participant on the IQ Option media such as their blog and social media platforms can get you noticed. This could lead to being awarded with a risk free trade.
Have you ever been awarded a risk free trade by IQ Option? Kindly share in the comments section below.
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