Home Brokers comparison 2020 Review: Which is best: AxiTrader or IQ Option?

2020 Review: Which is best: AxiTrader or IQ Option?

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This article reviews two leading brokers that come highly recommended for advanced traders and those interested in trading options and CFDs. Both AxiTrader and IQ Option are highly regulated and offer access to several trading instruments, such as Cryptocurrency, Forex, Options and CFD's.  

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 Option brokers in 2020. 


AxiTrader 

(Read the review)

IQ Option 

(Read the review)

In A Nutshell 

AxiTrader is a CFD and FX trading broker, trusted by more than 60,000 traders in 100+ countries worldwide. 

The downside is that up to 72% of retail investor accounts lose money when trading CFDs with this broker. 

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 

-

This broker received the Most Trusted Broker Award from BinaryOptions.net in 2017, 2018, and 2019. 

Bonus 

No

No

Trading Instruments 

Crypto, Spread betting, Forex & CFD 

Binary Options, Digital Options, Forex, Stocks & Crypto 

Demo Account 

Yes 

Yes

Minimum Deposit Fee 

0 $/€/£ 

$10 

Minimum Trade Fee 

0.01 Lots 

$1 

Regulations 

ASIC, FMA & FCA 

CySec 

MetaTrader 4 

Yes

No

MetaTrader 5 

No

No

Mobile Apps 

Yes

Android, iOS, and Windows 

Auto Trading 

AutoChartist Available 

No

Trading Signals 

Yes

Yes

Islamic Account 

No

Yes

CFD Trading 

  • FTSE Spread of 1 pt. 
  • USD/GBP Spread of 1.1 pips 
  • Oil Spread of 3 pips 

No

Forex Trading 

AxiTrader has more than 80 assets: 

  • USD/GBP of 0.1-0.3 pips 
  • USD/EUR of 0-0.2 pips 
  • GBP/EUR of 0/1-0.3 pips 

IQ Option lets you trade forex 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 Options is 22. 

Cryptocurrency Trading 

No

This broker is one of the top cryptocurrency providers in 2020, offering access to a proprietary wallet, Hodly. It lets traders use several crypto markets. 

  •  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 the top digital trading and binary options broker. It has a professional platform with the lowest minimum deposit and a payout of 91%. 

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