Home Brokers comparison Which is best: AvaTrade or IQ Option?

Which is best: AvaTrade or IQ Option?

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In this article, we reviewed two leading brokers that are highly recommended for advanced traders. Both AvaTrade and IQ Option are highly regulated and offer access to several trading instruments.  

After analyzing and testing their demo accounts, we came to the following conclusions. Read on to discover an accurate comparison between two of the top brokers in 2020. 

 AvaTradeIQ Option

In A Nutshell

AvaTrade is popular due to the powerful integration options and MT4 availability. This top CFD and forex broker has regulations in Canada, Australia, Ireland, and South Africa. 

 

The downside is that up to 79% of retail accounts lose money with this broker. 

The account opening fee at IQ Option is $10. This broker lets you trade more than 14 cryptocurrencies, along with traditional forex with low spreads and digital options with payouts up to 900%. 

 

The downside is that up to 87% of CFD accounts lose money with this broker. 

Awards

DayTrading.com awarded AvaTrade with the Best Forex Broker Award in 2019. BinaryOptions.net awarded IQ Option with the Most Trusted Broker Award in 2017, 2018, and 2019. 

Bonus

No No

Trading Instruments

Crypto, Forex, Stocks, Options & CFDs Crypto, Forex, Stocks, Binary Options & Digital Options 

Demo Account

Yes Yes

Minimum Deposit Fee

$100 $10

Minimum Trade Fee

$1 $1

Regulations

FSB, ASIC, CBol CySec 

MetaTrader 4

YesNo

MetaTrader 5

YesNo

Mobile Apps

Android & iOS Android, iOS, and Windows 

Auto Trading

User-friendly Auto Trading via API integration in several platforms like MQL5, Duplitrade, and MetaTrader4 No

Trading Signals

NoYes

Islamic Account

YesYes

CFD Trading

 
Previous articleIQ Option Vs. eToro in 2021: Showdown 
Next articleHow to Withdraw Money From IQ Option
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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