Home Brokers comparison Which is best: InstaForex or IQ Option?

Which is best: InstaForex or IQ Option?

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In this article, we reviewed two leading brokers that come highly recommended for professional traders. Both InstaForex and IQ Option are highly regulated and offer access to reliable mobile apps and several trading instruments for the best experience. 

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. 

 InstaForex IQ Option 

In A Nutshell 

InstaForex has low trading fees and an impressive range of markets. This broker is safe and allows you to trade CFDs, Stock, Forex, and Cryptocurrency. IQ Option has an account opening fee of $10. It lets you trade more than 14 cryptocurrencies, along with traditional forex with low spreads and digital options with payouts up to 900%. 

 

The downside is that up to 87% of CFD accounts lose money with this broker. 

Awards 

The UK Forex Awards offered to this broker the Best Forex Cryptocurrency Trading Platform Award in 2018. Also, AtoZ Markets awarded InstaForex the Most Active Broker in Asia Award in 2020. BinaryOptions.net awarded IQ Option in 2017, 2018, and 2019 the Most Trusted Broker Award. 

Bonus 

Trading Instruments 

Metals, Cryptocurrencies, Stocks, Currency pairs, indices & CFDs on commodities Binary Options, Digital Options, Stocks, Crypto & Forex 

Demo Account 

YesYes

Minimum Deposit Fee 

It ranges from €1 to €1000 based on account type. $10

Minimum Trade Fee 

0.01 Lots $1

Regulations 

CySecCySec

MetaTrader 4 

YesNo

MetaTrader 5 

NoNo

Mobile Apps 

Browser-based platform, Android, and iOS apps Windows, iOS, and Android 

Auto Trading 

Copy Trading Available No

Trading Signals 

YesYes

Islamic Account 

YesYes

CFD Trading 

  • USD/GBP Spread with an average floating of 0.8 
  • FTSE Spread with a €5 fee 
  • Oil Spread with €40 per lot 
  • Stocks Spread with an average 0.1% 
No

Forex Trading 

Access to several account types, such as ECN. This broker can diminish the average spreads to only 0.8 pips. It has the largest range of pairs of any broker on the market: 

 

  • USD/GBP – average floating of 0.8 
  • USD/EUR – average floating of 0.8 
  • GBP/EUR –average floating of 0.8 

The total number of assets at InstaForex exceeds 200.  

Available on a limited number of currencies. This broker doesn’t excel in forex trading and has high spreads: 

 

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

The total number of assets at IQ Option is 22. 

Cryptocurrency Trading 

This broker provides cryptocurrency trading with extremely low costs on five leading coins and cryptocurrency CFDs. EU traders have leverage of 1:2. 

 

  • Spread – BTC 1%, ETH 1% 
  • Coins – XRP, BCH, LTC, BTC, ETH 
One of the leading cryptocurrency brokers on the market, IQ Option offers access to a proprietary wallet, Hodly, along with several types of crypto markets. 

 

  • Spreads – BTC 7%, ETH 12% (Var) 
  • Coins – DASH, OMG, LTC, QTUM, ZEC, BTC, TRX, ETC, ETH, EOS, BCH, XRP 

Binary Options 

NoIQ Option is one of the top digital trading and binary options brokers. It has the lowest minimum deposit with a payout of 91% 

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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