Expert Option Vs. IQ Option

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Which Is Best for You in 2020? – Expert Option Vs. IQ Option

If you’re in the market for a binary options broker, there are a few things that you need to do to ensure that you have chosen the best one. The first step is always to run a “background check” on each of the brokers you are considering. These “background checks” consist of looking at their legitimacy, what fees or fines they’ve had to pay, who regulates them, and the kinds of fees they charge. It’s also essential to evaluate how they charge their fees as there is often confusion in fee structures between brokers. Two binary options brokers that get a lot of attention worldwide are Expert Option and IQ Option. But the question remains, “Which one is best for you?” In the rest of this article, we will discuss various attributes of each of these brokers and how each one could be the best one for you.

1. IQ option

With over 100 million active traders, IQ Option will probably be the largest binary options broker in 2024. They are located in Antigua and Barbuda. They offer three account types: the Demo Account, the Real Account, and the VIP Account. 

Demo – Many different brokers offer demo accounts. At IQ Option, the Demo Account is a free virtual account that can be used by both beginning and experienced traders to test out new trading strategies. 

Real – The Real Account is the standard trading account at IQ Option. The Real Account has a minimum required deposit of only $10.

VIP – The VIP Account at IQ Option is their most advanced account. It is available to clients who deposit significant amounts and includes the opportunity to participate in trading tournaments for free, increased profitability, support 24/7, additional educational materials, exclusive webinars, and public VIP chats.

IQ Option offers over 300 tradable assets that all pay up to 90% profit on withdrawals. 

Minimum deposit at IQ Option is $1.

2. Expert Option 

Established in 2015, Expert Option is headquartered in Saint Vincent and the Grenadines and currently has nearly 9 million active traders on its platform. While they do not allow traders from Israel, Switzerland, Canada, or the United States, Expert Option is available in over 150 other countries.

Expert Option offers five account types, which are:

Basic Account: $50 minimum deposit

Silver Account: $500 minimum deposit

Gold Account: $2500 minimum deposit

Platinum Account: $5000 minimum deposit

Exclusive Account: Invite only.

Expert Option offers more than 100 tradable assets with up to 95% profit on withdrawals. There are lots of different trading strategies which are possible based on that.

Which is the best option for you?

The most critical step in choosing a binary options broker is, surprisingly, not the fees. Instead, it is the trustworthiness or legitimacy of the broker. We strongly recommend that you choose a broker that is regulated by recognized authorities and makes it possible to trade with different binary option strategies.

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

Disclaimer

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