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 | IQ Option | |
|---|---|---|
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 |
| No |
Forex Trading | IG Group has more than 90 assets:
| IQ Option has high spreads, limited forex trading currencies, and it doesn’t excel in this area.
|
Cryptocurrency Trading | This broker has 11 cryptocurrencies available with tight spreads and negative balance protection.
| 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.
|
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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