IC Markets vs. IQ Option Comparison

This comparison overview aids users that battle to select between IC Markets and IQ Option to discover the best online broker for their trading and financial investment demands. It assesses the main features of both brokers alongside to aid users compare their solution and make an educated decision.

To assist customers select the ideal broker in between IC Markets and IQ Option to find the best-suited platform, below is a list of broker’s benefits and drawbacks, adhered to by a contrast of their main trading functions, consisting of trading platforms & devices, costs, mobile trading, down payment & withdrawal, possessions, regulation, and consumer assistance.

IC Markets vs. IQ Option: Summary

IC Markets logo

IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.

IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.

IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.

IC Markets customer service is available 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

  • MT4, MT5 and cTrader integration
  • Competitive spreads from 0,0 pips EUR/USD
  • Copy trading features (DupliTrade and Zulutrade)
  • Up to 1:500 leverage
  • Free Equinix NY4 VPS server

Cons

  • Limited educational material
  • Limited availability of assets
  • No research and analysis tools

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

  • Access to over 2,000 CFDs on forex, cryptos and stocks
  • Compatible with MT4, MT5 and cTrader
  • Islamic swap-free account availability
  • Raw spreads from 0,0 pips EUR/USD
  • Fast and reliable trade execution
  • Access to Expert Advisors (EA’s) and other forms of automated trading

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

IC Markets vs. IQ Option Comparison

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IC Markets logo

IC Markets

Open account Read review

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

IQ option

IQ Option

Open account Read review

“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”

BROKER COMPARISON

IC Markets logo
IQ option

Overall rating

4,5/5

2,8/5

Overall rating

4,5/5

2,8/5

Trading Platform & Tools

4.4

3.1

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

Fees

4.7

3.3

See details
Withdrawal Fee No 0 (*currency conversion fee might apply)
Deposit Fee No
Inactivity Fee 0
Cost Per Trade $3.5 per lot 0
Cost Per Month 0 10 EUR
Forex (EUR/USD) 1.2 pips 4.7pip
Stocks & ETF 0 0.48pip
CFD (Gold) 0 4.8pip
Crypto 0 127.14pip
Options 0 0
Conversion Fees 0.01% 0
Misc. Fees 0
Overnight Fees 0

Mobile Trading

5.0

3.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.8

3.8

See details
Minimum deposit (in UAE) $200 $10
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

3.6

2.0

See details
Shares 0 Over 180
ETF & Funds 40 0
Crypto 0 19
Commodities 0 9
Indices 0 9
Options 0 Over 40
Futures 0 0
Bonds 0 0
Forex Instruments 75 Over 30
CFD Indices & Funds 25 Over 20
CFD Stocks 2100+ OVer 180
CFD Commodities 28 9
CFD Crypto 13 19
CFD Bonds 9 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

4.8

1.4

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

Customer Support

3.7

4.5

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

Winner

IC Markets vs. IQ Option Comparison Conclusion

The outcomes of our contrast of IC Markets vs. IQ Option are wrapped up in the table below.

Broker:Best For:
IC MarketsForex and CFDs; Algorithmic Trading
IQ OptionTraders at all levels, from beginner to advanced

Selecting the ideal selection in between IC Markets and IQ Option can be challenging. Both on-line brokers have resemblances however differ concerning trading instruments, platforms & applications, guideline, deposit & withdrawals, and research and education and learning. Selecting the best broker depends upon users’ trading & financial investment goals, individual preferences, and experience degree.

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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