IG Trading vs. IQ Option Comparison

This comparison guide assists users who struggle to choose between IG Trading and IQ Option to locate the most effective online broker for their trading and investment requirements. It analyzes the highlights of both brokers side by side to assist customers compare their solution and make an educated decision.

To aid individuals pick the appropriate broker between IG Trading and IQ Option to discover the best-suited platform, listed below is a checklist of broker’s benefits and drawbacks, complied with by a comparison of their primary trading attributes, including trading systems & devices, fees, mobile trading, down payment & withdrawal, possessions, law, and customer support.

IG Trading vs. IQ Option: Summary

IG Trading logo

IG is a globally operating online broker regulated by eight tier-one regulators (FCA, ASIC, JFSA, MAS, FINMA, FMA, CFTC and MiFID). They offer users access to 19,500 tradable symbols including 20,000 CFDs, forex, forex options, stocks and cryptocurrencies. IG users can choose between various trading platforms including a proprietary Web-based platform, L2 Dealer DMA, MetaTrader 4 and ProRealTime charting feature.

IG trading fees are competitive for active traders. The size of the brokers allows fast and reliable order execution also on larger orders. IG also offered spread rebates on higher volume CFD trades.

IG additionally offers extensive educational materials (daily video market updates and technical and fundamental analysis case studies), a wide range of trading and research tools for beginners and advanced and intuitive trading apps.

IG’s customer service is available through live chat, email, phone, and WhatsApp in English, 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

  • Regulated by 8 tier-one regulators
  • Low average spreads from 0.82 pips EUR/USD
  • Wide range of trading platforms and third party plugins
  • Extensive research and education resources
  • Wide range of platforms

Cons

  • Slightly higher fees on CFDs
  • Limited banking options

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 20,000 tradable symbols
  • Compatible with MT4, L2 Dealer and ProRealTime
  • Unlimited demo paper trading account
  • Advanced research and analysis tools (L2 Dealer and ProRealTime)
  • Availability of EA’s and other automated trading software
  • Free trading signals and alerts

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

IG Trading vs. IQ Option Comparison

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Compare brokers
IG Trading logo

IG Trading

Open account Read review

75% of retail CFD accounts lose money

IQ option

IQ Option

Open account Read review

“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”

BROKER COMPARISON

IG Trading logo
IQ option

Overall rating

4,2/5

2,8/5

Overall rating

4,2/5

2,8/5

Trading Platform & Tools

5.0

3.1

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

Fees

3.7

3.3

See details
Withdrawal Fee 0 0 (*currency conversion fee might apply)
Deposit Fee 0
Inactivity Fee
Cost Per Trade 0 0
Cost Per Month $18 10 EUR
Forex (EUR/USD) 0.6 pips 4.7pip
Stocks & ETF 0.3 pips 0.48pip
CFD (Gold) 0.3 pips 4.8pip
Crypto 0 127.14pip
Options 0 0
Conversion Fees 0
Misc. Fees 0
Overnight Fees

Mobile Trading

5.0

3.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

1.3

3.8

See details
Minimum deposit (in UAE) $5500 $10
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.5

2.0

See details
Shares 1000 Over 180
ETF & Funds 1000 0
Crypto 0 19
Commodities 0 9
Indices 0 9
Options 0 Over 40
Futures 0 0
Bonds 0 0
Forex Instruments 80 Over 30
CFD Indices & Funds 80 Over 20
CFD Stocks 12000 OVer 180
CFD Commodities 6 9
CFD Crypto 10 19
CFD Bonds 12 0
Binary Options 100 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

4.3

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

IG Trading vs. IQ Option Comparison Conclusion

The outcomes of our contrast of IG Trading vs. IQ Option are wrapped up in the table listed below.

Broker:Best For:
IG TradingGreat overall multi-asset broker
IQ OptionTraders at all levels, from beginner to advanced

Selecting the appropriate selection in between IG Trading and IQ Option can be tough. Both on-line brokers have resemblances yet vary concerning trading instruments, systems & apps, regulation, down payment & withdrawals, and study and education. Choosing the very best broker relies on individuals’ trading & financial investment objectives, 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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