FXCM vs. IQ Option Comparison

This contrast overview aids customers that battle to pick between FXCM and IQ Option to discover the best online broker for their trading and investment requirements. It analyzes the main features of the two brokers side by side to help individuals contrast their service and make an informed choice.

To aid individuals pick the ideal broker in between FXCM and IQ Option to discover the best-suited system, below is a listing of broker’s benefits and drawbacks, followed by a contrast of their major trading functions, including trading systems & devices, fees, mobile trading, down payment & withdrawal, assets, regulation, and consumer assistance.

FXCM vs. IQ Option: Summary

FXCM logo

FXCM is a UK-based forex and CFD broker founded in 1999. They offer access to over 400 tradable instruments including 300 CFDs, 41 forex pairs and a handful of shares, indices, commodities, and cryptocurrencies. FXCM is regulated by four tier-one regulators including the FCA, the ASIC, the CySEC, and the FSCA.

FXCM offers a wide range of trading platforms including Trading Station (proprietary trading platform), MT4 and TradingView. Users also have access to various copy trading apps (NinjaTrader, ZuluTrade, and/or Capitalise AI), analysis reports by TradingCentral and 55 charting indicators.

FXCM charges a spread of 1.4pips (EUR/USD) without any commission on their standard account, which is above industry average. The broker doesn’t charge any deposit fees, but charges a $40 withdrawal fee and a $50 a year inactivity fee after 12 months of no login activity.

FXCM’s customer service is available 24/7 by email, phone, and live chat in English, Arabic, and several other languages.

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 ($50)
  • Average forex spread and 0% commission
  • Various algorithmic and copy trading tools (MT4, ZuluTrade, Trading View)
  • Detailed Trade execution reports (execution quality and slippage)
  • Feature rich mobile apps

Cons

  • Low amount of trading instruments
  • Relatively high trading and other fees

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

  • Over 400 CFDs across various markets
  • Wide range of platforms (Trading Station, MT4, NinjaTrader, ZuluTrade)
  • Multiple order types availability
  • TradingView integration
  • Support for advanced, algorithmic, and copy trading
  • Regulated by 4 tier-one regulators

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

FXCM vs. IQ Option Comparison

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FXCM logo

FXCM

Open account Read review

63% or 74% of retail CFD accounts lose money

IQ option

IQ Option

Open account Read review

“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”

BROKER COMPARISON

FXCM logo
IQ option

Overall rating

4,0/5

2,8/5

Overall rating

4,0/5

2,8/5

Trading Platform & Tools

4.7

3.1

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:400 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.4

3.3

See details
Withdrawal Fee $40 0 (*currency conversion fee might apply)
Deposit Fee 0
Inactivity Fee $50 per year after 12 months
Cost Per Trade 0 0
Cost Per Month 0 10 EUR
Forex (EUR/USD) 0.2 pips 4.7pip
Stocks & ETF 0 0.48pip
CFD (Gold) 0.5 pips 4.8pip
Crypto 0 127.14pip
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

5.0

3.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

2.5

3.8

See details
Minimum deposit (in UAE) $300 $10
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.0

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 45 Over 30
CFD Indices & Funds 15 Over 20
CFD Stocks 219 OVer 180
CFD Commodities 12 9
CFD Crypto 7 19
CFD Bonds 1 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

1.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

1.4

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

Customer Support

4.5

4.5

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

Winner

FXCM vs. IQ Option Comparison Conclusion

The outcomes of our comparison of FXCM vs. IQ Option are involved the table listed below.

Broker:Best For:
FXCMForex and CFDs; Algorithmic trading
IQ OptionTraders at all levels, from beginner to advanced

Selecting the ideal selection in between FXCM and IQ Option can be challenging. Both on-line brokers have resemblances yet differ regarding trading tools, platforms & applications, law, deposit & withdrawals, and research and education. Picking the very best broker depends upon users’ trading & investment objectives, 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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