This comparison overview assists customers that have a hard time to pick in between CMC Markets and IQ Option to locate the very best online broker for their trading and investment needs. It analyzes the highlights of the two brokers side by side to assist customers contrast their solution and make an informed choice.
To aid customers select the ideal broker in between CMC Markets and IQ Option to locate the best-suited system, below is a listing of broker’s benefits and drawbacks, followed by a comparison of their major trading attributes, including trading systems & devices, costs, mobile trading, deposit & withdrawal, possessions, policy, and consumer assistance.
CMC Markets vs. IQ Option: Summary
CMC Markets is a UK based online broker founded in 1989. It is regulated by three tier-one regulators including the FCA, ASIC and CIRO. Users can trade on over 12.500 tradable instruments including shares, forex and CFDs.
CMC Markets proprietary trading platform called Next Generation offers various advanced trading tools, an extensive education section and reliable trade execution.
CMC Markets charges low forex spreads from 0.7 pips (EUR/USD) and 0% commission. Additional bonuses and rebates for active traders makes CMC Markets a low cost broker.
CMC’s customer service is available by phone, email and live chat only 24/5 (from Sunday to Friday night).
IQ Option is a well established online broker great for users looking to trade forex, options and CFDs on a intuitive trading platform. Their well rounded offer consists of low spreads, a sophisticated trading platform, free demo account option, and responsive customer support in English language. They offer islamic accounts and copy trading in Arabic language which allows you to copy portfolios from seasoned investors and traders.
IQ Option is a trustworthy and reliable market maker broker and subject to the highest standards of regulation in the industry. Options trading is no longer available.
“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”
General Risk Warning: “The financial products offered by the company 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”
Pros
- Low minimum deposit ($0)
- Low average spreads from 0.73 pips EUR/USD
- Fast and reliable trade execution
- Great research tools and educational materials
- Bonus and rebate program
Cons
- High stock trading fees
- Customer service availability is limited (24/5)
Pros
- Multi-chart platform layout with technical analysis
- Fast trade execution
- 24/7 customer support in Arabic and English
- Free demo account with $10.000 virtual money
- Leverage of up to 1:1000
Cons
- Trading fees are above industry average
- Inactivity fee $10/90days
Key features
- Competitive forex spreads
- MT4 Compatibility
- Access to 338 forex pairs and 9,000 shares
- Comprehensive market research tools
- Beginners and advanced trading features
- Competitive pricing
Key features
- Access to a wide variety of markets
- Great research and education tools
- User friendly platform
- $10 minimum deposit and $1 minimum trade requirement
- Access to 3000+ tradable symbols
CMC Markets vs. IQ Option Comparison
Select up to 3 Brokers
CMC Markets
IQ Option
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 500:1 | 500:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 (*currency conversion fee might apply) |
| Deposit Fee | 0 | |
| Inactivity Fee | ||
| Cost Per Trade | 0 | 0 |
| Cost Per Month | £10 | 10 EUR |
| Forex (EUR/USD) | 0.7 pips | 4.7pip |
| Stocks & ETF | 0 | 0.48pip |
| CFD (Gold) | 3.4 pips | 4.8pip |
| Crypto | 0 | 127.14pip |
| Options | 0 | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | 0 | $10 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | Over 180 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 19 |
| Commodities | 0 | 9 |
| Indices | 0 | 9 |
| Options | 0 | Over 40 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 330 | Over 30 |
| CFD Indices & Funds | 98 | Over 20 |
| CFD Stocks | 9500 | OVer 180 |
| CFD Commodities | 100 | 9 |
| CFD Crypto | 0 | 19 |
| CFD Bonds | 50 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
CMC Markets vs. IQ Option Comparison Conclusion
The results of our comparison of CMC Markets vs. IQ Option are involved the table below.
| Broker: | Best For: |
| CMC Markets | Forex and CFDs |
| IQ Option | Traders at all levels, from beginner to advanced |
Selecting the right choice in between CMC Markets and IQ Option can be challenging. Both on the internet brokers have resemblances but differ concerning trading tools, systems & apps, guideline, deposit & withdrawals, and research and education. Picking the most effective broker relies on individuals’ trading & investment goals, individual choices, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.