Home Brokers comparison Which is best: IG Group or IQ Option?

Which is best: IG Group or IQ Option?

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This article reviews two trusted brokers that come highly recommended for professional traders. Both IG Group and IQ Option are highly regulated and offer reliable mobile apps and trading instruments.  

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. 


IG Group 

(Read the review)

IQ Option 

(Read the review)

In A Nutshell 

IG Group is a reliable provider with a 40-year track record for spread betting, forex and CFD trading on numerous markets. The FCA regulates it, and it has an excellent trading app. 

The downside is that up to 76% of retail investor accounts lose money when trading CFDs and spread bets.  

IQ Option is a leading broker with more than 14 cryptocurrencies and an account opening fee of $10. It offers some of the lowest spreads for digital options and traditional forex, with payouts up to 900%.  

The downside is that more than 87% of those trading CFD lose money with IQ Option. 

Awards 

-

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

Bonus 

-

-

Trading Instruments 

Cryptocurrency, forex, futures, options, CFD, Digital Options & Spread betting 

Cryptocurrency, stock, forex, Binary Options & Digital Options 

Demo Account 

Yes

Yes

Minimum Deposit Fee 

£250 

$10

Minimum Trade Fee 

£1 

$1

Regulations 

FCA 

CySec

MetaTrader 4 

Yes

No

MetaTrader 5 

No

No

Mobile Apps 

Android & iOS 

Windows, iOS, and Android 

Auto Trading 

Yes

No

Trading Signals 

Chartist Software available 

Yes

Islamic Account 

No

Yes

CFD Trading 

  • FTSE Spread of 1 pt 
  • USD/GBP Spread of 0.9 pips 
  • Oil Spread of 3 pips 
  • Stock Spread of 0.1% var 

No

Forex Trading 

IG Group has more than 90 assets: 

  • USD/GBP Spread of 0.9 pips 
  • USD/EUR Spread of 0.6 pips 
  • GBP/EUR Spread of 2 pips 

IQ Option has high spreads, limited forex trading currencies, and it doesn’t excel in this area.  

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

Cryptocurrency Trading 

This broker has 11 cryptocurrencies available with tight spreads and negative balance protection. 

  • Spread – ETH 1.5% & BTC 0.6% 
  • Coins – NEO, DASH, XLM, BTC, BCH, EOS, ETH, XRP & LTC 

This is one of the top cryptocurrency brokers with a proprietary wallet available, Hodly. It has numerous multipliers and a wide array of crypto markets available. 

  • 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 a top digital trading and binary options broker, with the lowest minimum deposit and 91% payout.  

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