CMTrading vs IQ Option

CMTrading vs IQ Option Comparison Table 2024
CMTrading	IQ Option
Review 3.5	Review 4

CMTrading is one of South Africa's leading online day trading brokers, offering trades with leverage up to 1:1000 on the MetaTrader 4 and browser-based Sirix platforms as well as a bespoke copy trading service. The brokerage launched in 2012 and holds a license with South Africa’s Financial Sector Conduct Authority (FSCA).	IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10.
	RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Customer Reviews
	5 Based on 1 IQ Option customer reviews
Comment by Reviewer
"CMTrading is a great choice for traders based in South Africa looking to access highly leveraged forex and CFDs, plus copy trading tools and short-term signals."	"IQ Option is a good broker for beginners with a slick platform and low minimum investment. New users can also open an account in three easy steps."
Pros
The broker supports the powerful MetaTrader 4 platform plus a proprietary Webtrader and a bespoke social trading feature There's a decent array of educational resources for beginners on the online academy Clients can access free short-term forex signals from the broker's platform	User-friendly platform for beginners Excellent range of payment methods Reliable 24/7 multilingual support Access to IQ Option community High payouts on binary options iOS & Android compatible app
Cons
Spreads are uncompetitive across accounts compared to competitors The broker's market coverage is limited, including only 100+ stocks There are no additional third-party analysis tools such as AutoChartist	€10 inactivity fee after 90 days No MetaTrader 4 integration
Awards
	Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net Best Binary Broker 2021 - DayTrading.com
Instruments
Forex, CFDs, Indices, Shares, Energies, Metals, Cryptos	CFD, Forex, Crypto, Stocks, Digital Options
Demo Account
Yes	Yes
Minimum Deposit
$100	$10
Trading Platforms
CMTrading Webtrader MT4	Own
Payment Methods
Bitcoin Payments Credit Card Debit Card FasaPay Finrax M-Pesa Mastercard Neteller Skrill UnionPay Visa Wire Transfer	ADVcash Alipay Boleto Credit Card GlobePay Maestro MoneyGram Perfect Money QIWI Skrill Sofort Vietcombank Transfer Wire Transfer Yandex Money
Minimum Trade
0.01 Lots	0.001 Lots
Regulator
FSCA, FSA
Margin Trading
Yes	Yes
Margin Rate
	0.2%
STP Account
No	No
ECN Account
Yes	No
DMA Account
Yes	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS, Android and Windows
App Review
	IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have also synchronised the look and feel of both the web trader and mobile platform, making switching between the two, seamless.
Android App Rating
4.8	4.2
iOS App Rating
5	4.3
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Copy Trading Platform
The broker's Copykat solution lets clients watch, copy and replicate the success of others traders. Clients can start mirroring positions once they have opened an account with a $250 minimum payment.
Social Trading
Yes	No
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$15
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP ZAR	USD EUR GBP ZAR
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index FTSE UK Index Japan Exchange Group Nasdaq	Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq S&P 500
Commodities
Coffee Corn Cotton Gasoline Gold Oil Silver Sugar Wheat	Gold Oil
CFD Trading
Trade CFDs on forex, shares, indices, energies, metals and cryptocurrencies with variable leverage up to 1:200 and floating spreads. Traders can use the popular MetaTrader 4 platform or try the user-friendly, web-based Sirix, which also delivers real-time trading tips and detailed market forecasts.	IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available is in line with EU restrictions, to a maximum of 1:30 on major forex pairs but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform.
Leverage
1:200	1:500
FTSE Spread
35
GBPUSD Spread
2.6	1
Oil Spread
6	2.3
Stocks Spread
0.1	2
Forex Trading
Trade 50 forex pairs with floating spreads starting from 2+ pips on the regular account through to a minimum of 0.9 pips on premium ECN accounts. Traders benefit from in-depth forex education resources on CMTrader's academy and from daily signals.	IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area.
Forex App
	IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have synchronised the look and feel of both the Webtrader and mobile platform, making switching between the two, seamless. Try it out via the free demo account.
GBPUSD Spread
2.6	5 pips
EURUSD Spread
1.5	14 pips
EURGBP Spread
2.6	15 pips
Assets
50	60+
Cryptocurrency
Trade 23 of the most popular cryptocurrency assets, including BTC, ETH and SOL, in CFD pairs with USD and spreads from 0.02. Traders will not own the underlying tokens with these derivatives.	IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets, including Bitcoin, Ethereum, and Cardano. Leverage of up to 1:2 is available with a variable spread and no commission. Newer traders will also rate the intuitive trading software.
Spread
From 0.02	BTC 7%, ETH 12% (Var)
Coins
BTC LTC ETH XRP LINK XLM XMR XDG SOL BCH ADA DOT UNI SHIB VET TRX XEM THT BNB MATIC MANA	BTC TRX XRP BCH ETH EOS OMG ETC QTUM ZEC LTC DASH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Binary options trading not offered	IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low starting deposit. Simply decide whether the price of an asset will go up or down to win a predetermined payout up to 90%+.
Payout
	91%
Ladder Options
No	Yes
Boundary Options
No	Yes

Review	Review
	RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
More Comparisons
CMTrading vs	IQ Option vs