Home Brokers comparison 2020 Review: Which is best: Degiro or IQ Option?

2020 Review: Which is best: Degiro or IQ Option?

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In this article, we reviewed two leading brokers that are highly recommended for advanced traders and those interested in trading stocks. Degiro is one of the top brokers that offers stock trading with the lowest fees of any online stockbroker. Both Degiro and IQ Option are highly regulated and offer reliable mobile apps for the best trading experience. 

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


Degiro 

(Read the review)

IQ Option 

(Read the review)

In A Nutshell 

Degiro allows its users to access global exchange markets from any device, at any time and preferred location. 

You can opt for stock trading with the lowest fees of any online stockbroker. 

IQ Option has an account opening fee of $10. It 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 

-

BinaryOptions.net awarded IQ Option with the Most Trusted Broker Award in 2017, 2018, and 2019. 

Bonus 

-

-

Trading Instruments 

Stocks 

Digital Options, Stocks, Forex, Crypto, and Binary Options 

Demo Account 

No

Yes

Minimum Deposit Fee 

0 $/€/£ 

$10 

Minimum Trade Fee 

Depends on asset type 

$1 

Regulations 

AFM & FCA 

CySec 

MetaTrader 4 

No 

No

MetaTrader 5 

No

No

Mobile Apps 

Windows, Android, and iOS 

Windows, Android, and iOS 

Auto Trading 

No 

No

Trading Signals 

No 

Yes

Islamic Account 

No 

Yes

Forex Trading 

No 

Available on a limited number of currencies. This broker doesn’t excel in forex trading and has high spreads: 

  • USD/GBP Spread = 5 pips 
  • USD/EUR Spread = 14 pips 
  • GBP/EUR Spread = 15 pips 

Cryptocurrency Trading 

No 

IQ Option is one of the leading crypto brokers on the market. It offers a proprietary wallet, Hodly, access to several crypto markets, and multipliers. 

  • Spreads - BTC 7%, ETH 12% (Var) 
  • Coins – DASH, OMG, LTC, QTUM, ZEC, BTC, TRX, ETC, ETH, EOS, BCH, XRP 

Binary Options 

No 

IQ Option is one of the leading digital trading and binary options brokers. It offers the lowest minimum deposit with a payout of 91% 

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