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 | |
|---|---|---|
|
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 |
|
No |
|
Forex Trading |
AxiTrader has more than 80 assets:
|
IQ Option lets you trade forex on a limited number of currencies. This broker doesn’t excel in forex trading and has high spreads:
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.
|
|
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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