Finq.com vs. IQ Option Comparison

This contrast guide aids customers who battle to select in between Finq.com and IQ Option to find the most effective online broker for their trading and financial investment demands. It assesses the highlights of both brokers side-by-side to help users contrast their service and make an educated decision.

To assist customers pick the right broker between Finq.com and IQ Option to discover the best-suited platform, below is a checklist of broker’s benefits and drawbacks, followed by a contrast of their main trading features, including trading platforms & devices, charges, mobile trading, deposit & withdrawal, properties, policy, and customer support.

Finq.com vs. IQ Option: Summary

Finq-com-logo

Finq.com is a CFD broker based in Israel. Although the broker is regulated by the FSA, it is not considered safe. Users can access 2,100 financial instruments, including CFDs on stocks, commodities, forex, ETFs, indices, cryptocurrencies, and bonds. Trading platforms are available as a web version and MT4 integration.

Finq.com trading fees are average compared to similar CFD brokers from the industry. They charge an average floating spread of 0,14 pips on EUR/USD and no commission on CFD trades. There are no additional trading or non-trading fees, such as inactivity, currency conversion, or deposit and withdrawal transaction fees.

Finq.com’s customer support is available by email (support@finq.com), live chat, and WhatsApp in Arabic and English.

IQ Option logo

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 ($100)
  • Competitive spread from 0.14 pips (EUR/USD)
  • No hidden fees
  • Up to $4,000 welcome bonus for new traders
  • $10,000 free demo account

Cons

  • Limited regulation
  • High minimum deposit of $100
  • Lacks educational material and research resources

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 trading fees
  • Compatibility with MT4 and TradingCentral
  • Access to over 2,100 financial instruments
  • Free demo account availability
  • Fast registration and KYC on-boarding process
  • 24/5 support in English and Arabic

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

Finq.com vs. IQ Option Comparison

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IQ option

IQ Option

Open account Read review

“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”

BROKER COMPARISON

Finq-com-logo
IQ option

Overall rating

3,4/5

2,8/5

Overall rating

3,4/5

2,8/5

Trading Platform & Tools

3.5

3.1

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 300:1 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.5

3.3

See details
Withdrawal Fee 0 0 (*currency conversion fee might apply)
Deposit Fee 0
Inactivity Fee $50 if no trades after 3 months
Cost Per Trade 0 0
Cost Per Month 0 10 EUR
Forex (EUR/USD) 0.8 4.7pip
Stocks & ETF 0 0.48pip
CFD (Gold) 0.3 4.8pip
Crypto 0 127.14pip
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.4

3.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.0

3.8

See details
Minimum deposit (in UAE) $100.00 $10
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.9

2.0

See details
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 55 Over 30
CFD Indices & Funds 50 Over 20
CFD Stocks 2000 OVer 180
CFD Commodities 19 9
CFD Crypto 4 19
CFD Bonds 5 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

3.0

1.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

3.0

1.4

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

3.5

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Finq.com vs. IQ Option Comparison Conclusion

The results of our comparison of Finq.com vs. IQ Option are wrapped up in the table listed below.

Broker:Best For:
Finq.comCFD Trading With Welcome Bonuses
IQ OptionTraders at all levels, from beginner to advanced

Choosing the appropriate selection in between Finq.com and IQ Option can be hard. Both on the internet brokers have resemblances but vary concerning trading tools, systems & applications, policy, deposit & withdrawals, and study and education and learning. Choosing the most effective broker depends upon individuals’ trading & financial investment goals, private 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.

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