IQ Option vs. IronFX Comparison

This contrast guide aids customers who have a hard time to select in between IQ Option and IronFX to find the most effective online broker for their trading and investment needs. It evaluates the main features of the two brokers side-by-side to aid users compare their service and make an educated choice.

To aid users choose the best broker in between IQ Option and IronFX to find the best-suited system, below is a listing of broker’s benefits and drawbacks, adhered to by a comparison of their main trading functions, consisting of trading platforms & devices, charges, mobile trading, down payment & withdrawal, assets, regulation, and client assistance.

IQ Option vs. IronFX: Summary

IQ Option logo

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”

Iron-fx-logo

IronFX is a forex and CFD broker founded in 2010. Therefore, it is regulated by two tier-one financial authorities (CySec and ASIC) and is considered safe. The broker provides users access to 80 forex pairs and over 300 CFDs on forex, spot metals, and futures. The broker allows trading with up to 1:300 leverage and offers a free demo account for beginner traders.

IronFX fees are below average compared to similar brokers from the industry. They charge low spreads from 0.1 pips (EUR/USD). Additionally, the broker charges 3% inactivity fees after 90 consecutive days of inactivity on any account.

IronFX’s customer support is available through email (support@IronFX.com) and live chat in English and Arabic.

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

Pros

  • Low minimum deposit ($100)
  • Competitive forex spreads from 0.8 pips (EUR/USD)
  • Wide range of platforms and plugins (MetaTrader 4, AutoChartist, and Trading Central)
  • Great research and education materials
  • 7 Different account types

Cons

  • Algorithmic trading is only available through MetaTrader 4
  • High inactivity fees (3% of account balance after 90 days)

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

Key features

  • Access to over 80 forex pairs and 300 CFDs
  • Compatible with MT4 and Trading Central
  • Excellent Copy Trading features
  • Advanced charting and analysis tools
  • Welcome bonuses for new users
  • Commission-free CFD trading and low floating spreads from 0,0 pips

IQ Option vs. IronFX Comparison

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IQ option

IQ Option

Open account Read review

“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”

BROKER COMPARISON

IQ option
Iron-fx-logo

Overall rating

2,8/5

3,7/5

Overall rating

2,8/5

3,7/5

Trading Platform & Tools

3.1

3.5

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 500:1 1000:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.3

3.6

See details
Withdrawal Fee 0 (*currency conversion fee might apply) 0
Deposit Fee 0
Inactivity Fee 3% on withdrawal if you have not entered a trade after deposit
Cost Per Trade 0 0
Cost Per Month 10 EUR 0
Forex (EUR/USD) 4.7pip 0.7
Stocks & ETF 0.48pip 0
CFD (Gold) 4.8pip 0.6
Crypto 127.14pip 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.0

3.9

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

3.5

See details
Minimum deposit (in UAE) $10 $100.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.0

2.7

See details
Shares Over 180 0
ETF & Funds 0 0
Crypto 19 0
Commodities 9 0
Indices 9 0
Options Over 40 0
Futures 0 27
Bonds 0 0
Forex Instruments Over 30 84
CFD Indices & Funds Over 20 21
CFD Stocks OVer 180 150
CFD Commodities 9 16
CFD Crypto 19 0
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

1.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

1.4

2.8

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

4.3

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

IQ Option vs. IronFX Comparison Conclusion

The outcomes of our contrast of IQ Option vs. IronFX are wrapped up in the table below.

Broker:Best For:
IQ OptionForex and CFD trading
IronFXForex and CFD Trading & Social Copy Trading

Picking the right selection in between IQ Option and IronFX can be tough. Both online brokers have resemblances yet vary relating to trading instruments, platforms & apps, guideline, down payment & withdrawals, and study and education and learning. Selecting the best broker relies on users’ trading & investment objectives, individual choices, 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.

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