This contrast overview aids customers that have a hard time to pick between Interactive Brokers and IQ Option to discover the best online broker for their trading and financial investment requirements. It analyzes the highlights of the two brokers alongside to assist customers compare their service and make an educated choice.
To assist individuals select the ideal broker between Interactive Brokers and IQ Option to locate the best-suited platform, listed below is a checklist of broker’s benefits and drawbacks, followed by a contrast of their major trading attributes, consisting of trading platforms & tools, charges, mobile trading, deposit & withdrawal, properties, regulation, and consumer support.
Interactive Brokers vs. IQ Option: Summary
Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.
Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).
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
- Low minimum deposit ($0)
- Industry lowest overall fees
- Professional trading platform suitable for different types of traders
- Intuitive and easy to use mobile trading app
- Compatible features for casual and professional traders
- Responsive customer support
Cons
- Few deposit and withdrawal options
- Research and education materials missing
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
- Margin loan rates on stocks of 1.3%
- Access to 135+ global markets
- Advanced order types, tools and features
- Access to frictional shares
- Lowest commissions in the industry
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
Interactive Brokers vs. IQ Option Comparison
Select up to 3 Brokers
Interactive Brokers
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
IQ Option
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 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
| Withdrawal Fee | 0 | 0 (*currency conversion fee might apply) |
| Deposit Fee | 1% | |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 10 EUR |
| Forex (EUR/USD) | 0.2 pips + 0.08 to 0.20 bps times trade size comission | 4.7pip |
| Stocks & ETF | $ 0.005 per share | 0.48pip |
| CFD (Gold) | 0.02% | 4.8pip |
| Crypto | 0.12% to 0.18% of trade value | 127.14pip |
| Options | 0 | |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees | Yes on CFD’s |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $0 | $10 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | YES from US bank account | |
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 16.500 | Over 180 |
| ETF & Funds | 35.000 | 0 |
| Crypto | 4 | 19 |
| Commodities | 1 | 9 |
| Indices | 3052 | 9 |
| Options | 50.000 | Over 40 |
| Futures | 245 | 0 |
| Bonds | 1.000.000 | 0 |
| Forex Instruments | 115 | Over 30 |
| CFD Indices & Funds | 13 | Over 20 |
| CFD Stocks | 8.000 | OVer 180 |
| CFD Commodities | 2 | 9 |
| CFD Crypto | 0 | 19 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Interactive Brokers vs. IQ Option Comparison Conclusion
The results of our contrast of Interactive Brokers vs. IQ Option are involved the table listed below.
| Broker: | Best For: |
| Interactive Brokers | Stocks and ETFs |
| IQ Option | Traders at all levels, from beginner to advanced |
Selecting the appropriate selection in between Interactive Brokers and IQ Option can be tough. Both on-line brokers have resemblances but vary concerning trading tools, platforms & applications, policy, down payment & withdrawals, and study and education and learning. Picking the most effective broker depends on individuals’ trading & investment goals, individual choices, and experience level.
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.