IQ Option vs. Skilling Comparison

This contrast guide assists customers who have a hard time to pick between IQ Option and Skilling to discover the best online broker for their trading and financial investment requirements. It analyzes the main features of the two brokers alongside to assist customers contrast their solution and make a notified choice.

To help individuals select the ideal broker between IQ Option and Skilling to find the best-suited platform, listed below is a checklist of broker’s benefits and drawbacks, followed by a comparison of their primary trading attributes, consisting of trading systems & devices, charges, mobile trading, down payment & withdrawal, possessions, guideline, and customer assistance.

IQ Option vs. Skilling: 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”

skilling-logo

Skilling is a multi-asset online broker headquartered in Cyprus. It is regulated by two tier-one regulators (the CySEC and FSA) and is therefore considered safe. Their users can trade on over 1,200 symbols, including forex, cryptocurrencies, shares, indices and commodities.

Skilling offers a proprietary platform (Trader) and a wide range of third-party plugins, including cTrader and MetaTrader 4. Skilling’s trading fees are average compared to similar brokers in the industry.

They charge a 0.1% taker fee on cryptocurrencies and spreads of 0.7 pips on EUR/USD. Skilling charges currency conversion and inactivity fees of 10 EUR/month after 12 months of account inactivity. Users have one free withdrawal per month.

Skilling’s customer service is available through a contact form, live chat, and phone (+44 208 080 6555). Additionally, users can find helpful information in the broker’s Help Centre

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)
  • 0% Commissions on global stocks CFDs
  • Wide range of trading platforms (proprietary, cTrader, and MetaTrader 4)
  • Social Copy Trading platform availability
  • Cryptocurrency trading and investing opportunities

Cons

  • Max. leverage on cryptocurrency only 1:2
  • High spreads on standard and non-professional accounts
  • Lacks educational and research material

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

  • 1,200+ financial instruments across 7 asset classes
  • Multiple trading platforms
  • Commission-free stock CFD trading
  • Set-and-forget copy trading services
  • A broad range of payment methods
  • Cryptocurrency trading and investing

IQ Option vs. Skilling Comparison

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IQ option

IQ Option

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“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”

BROKER COMPARISON

IQ option
skilling-logo

Overall rating

2,8/5

3,9/5

Overall rating

2,8/5

3,9/5

Trading Platform & Tools

3.1

4.5

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

3.8

See details
Withdrawal Fee 0 (*currency conversion fee might apply) 0
Deposit Fee 0
Inactivity Fee 0
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 4.5
Crypto 127.14pip 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.0

4.4

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.8

4.0

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

2.8

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 0
Bonds 0 0
Forex Instruments Over 30 73
CFD Indices & Funds Over 20 18
CFD Stocks OVer 180 760
CFD Commodities 9 6
CFD Crypto 19 50
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

3.0

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

Customer Support

4.5

4.0

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

Winner

IQ Option vs. Skilling Comparison Conclusion

The results of our contrast of IQ Option vs. Skilling are wrapped up in the table listed below.

Broker:Best For:
IQ OptionForex and CFD trading
SkillingForex, CFD & Copy Trading

Selecting the appropriate selection in between IQ Option and Skilling can be difficult. Both on the internet brokers have similarities however differ concerning trading tools, systems & apps, regulation, deposit & withdrawals, and study and education. Picking the best broker depends upon users’ trading & investment goals, specific preferences, 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.

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