This comparison guide aids users who struggle to pick between eToro and IQ Option to locate the best online broker for their trading and financial investment needs. It analyzes the highlights of the two brokers side by side to help individuals compare their solution and make an educated decision.
To help users choose the ideal broker in between eToro and IQ Option to find the best-suited platform, listed below is a list of broker’s pros and cons, followed by a contrast of their main trading attributes, including trading platforms & tools, costs, mobile trading, down payment & withdrawal, properties, policy, and client assistance.
eToro vs. IQ Option: Summary
eToro is a multi-asset brokerage company with the world’s biggest social trading community (over 30 million users). Their platform and mobile app features are easy to use for beginners and include an intuitive copy trading tool, simple buy & sell orders and free demo account. Users can trade with CFDs on major stocks, ETFs, forex, and cryptocurrencies.
eToro charges 0% commission on stocks, ETFs and cryptocurrencies. They charge an average spread of 0.9 pips on most forex pairs. eToro’s non trading fees are above average and include overnight, inactivity ($10/month) and currency conversion fees ($5/conversion).
Their customer support is available through email and live chat in Arabic and English.
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 ($100)
- 0% commission stocks and ETF trading
- Easy to use mobile trading app and platforms
- Industry leading social/copy trading app
- Responsive customer support
Cons
- Algorithmic trading not available
- Forex and CFD fees above industry average
- Education and research tools 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
- Average trading fees
- Industry leading social/copy trading tool
- Easy buy/sell order types
- Crypto exchange & brokerage services
- Fast registration and KYC on-boarding process
- Multiple payment options
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
eToro vs. IQ Option Comparison
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eToro
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
IQ Option
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:30 | 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 | $5 | 0 (*currency conversion fee might apply) |
| Deposit Fee | 0 | |
| Inactivity Fee | $10 a month after one year | |
| Cost Per Trade | N/A | 0 |
| Cost Per Month | N/A | 10 EUR |
| Forex (EUR/USD) | 1.1 pip | 4.7pip |
| Stocks & ETF | 0 | 0.48pip |
| CFD (Gold) | 5 pip | 4.8pip |
| Crypto | 0 | 127.14pip |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | $10 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 2.800 | Over 180 |
| ETF & Funds | 0 | 0 |
| Crypto | 30 | 19 |
| Commodities | 0 | 9 |
| Indices | 0 | 9 |
| Options | 0 | Over 40 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 49 | Over 30 |
| CFD Indices & Funds | 250 | Over 20 |
| CFD Stocks | 2800 | OVer 180 |
| CFD Commodities | 54 | 9 |
| CFD Crypto | 32 | 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
eToro vs. IQ Option Comparison Conclusion
The results of our contrast of eToro vs. IQ Option are wrapped up in the table listed below.
| Broker: | Best For: |
| eToro | Stocks and ETFs & Social Copy Trading |
| IQ Option | Traders at all levels, from beginner to advanced |
Choosing the ideal selection between eToro and IQ Option can be tough. Both online brokers have similarities however differ concerning trading instruments, systems & apps, policy, deposit & withdrawals, and research study and education and learning. Picking the most effective broker relies on customers’ trading & investment goals, specific 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.