Which is best: XM.com or IQ Option?


This article reviews two leading brokers that we highly recommend for both professional and beginner traders. Both XM.com and IQ Option are highly regulated and offer access to reliable mobile apps with low spreads for the best experience. These brokers have some of the lowest minimum deposit and trading fees available.  

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 brokers in 2020. 

 XM.com IQ Option 

In A Nutshell 

XM.com is a broker with several account types and low minimum deposit fees to suit all traders, no matter their level of experience. This provider offers an excellent service with access to 1000+ markets and low spreads. 


The downside is that up to 73% of retail accounts lose money with XM.com. 

IQ Option provides an account opening fee of $10 and more than 14 cryptocurrencies. It is a broker with some of the lowest spreads for digital options and traditional forex, with payouts up to 900%. 


The downside is that more than 87% of those trading CFD lose money with this broker. 


In 2017, this broker was awarded the Best Forex Execution Broker – Shares Award, while in 2018, it received the Best FX Broke Europe Award – World Finance. BinaryOptions.net awarded this broker with the Most Trusted Broker Award in 2017, 2018, and 2019. 


Free VPN Services 

Trading Instruments 

Commodities CFDs, Precious Metals CFDs, Energies CFDs, Forex CFDs & Equity Indices CFDs. Stocks, forex, Binary Options, Digital Options & Cryptocurrency 

Demo Account 


Minimum Deposit Fee 

5 $/€/£ $10

Minimum Trade Fee 

0.01 Micro lots $1


ASIC, CySec & IFSC CySec

MetaTrader 4 


MetaTrader 5 


Mobile Apps 

Windows, iOS & Android Windows, iOS, and Android 

Auto Trading 


Trading Signals 


Islamic Account 


CFD Trading 

  • FTSE Spread of 1.5 pts var 
  • USD/GBP Spread of 2.1 var 
  • Oil Spread of 0.05 var 
  • Stock Spread of 0.1% var 

Forex Trading 

XM.com offers extremely low spreads for several forex markets. It has flexible lot sizes, XM Zero, and Micro accounts for all levels of trading experience. This broker has more than 55 assets. 


  • USD/GBP Spread of 2.1 pips var 
  • USD/EUR Spread of 1.6 pips var 
  • GBP/EUR Spread of 2 pips var 


This broker has limited forex trading currencies, and it doesn’t excel in this field. IQ Option has high spreads: 


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USD/GBP Spread of 5 pips 

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USD/EUR Spread of 14 pips 

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GBP/EUR Spread of 15 pips 

Cryptocurrency Trading 

NoIQ Option is one of the top cryptocurrency brokers with a proprietary wallet, Hodly. It has several multipliers and a wide array of crypto markets available. 


  • Spreads – BTC 7%, ETH 12% (Var) 

Binary Options 

NoThis is the leading digital trading and binary options broker, with the lowest minimum deposit and 91% payout.  
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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.


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