Your capital is at risk. Trade only with funds you can afford to lose.
Expert Option
Doesn't accept traders from PR. See available binary options brokers
Not available in your countryRead Expert Option review
Rating breakdown
- Regulation & trust2.50.5 lower than IQ Option (3.0)
- Assets & markets3.00.5 lower than IQ Option (3.5)
- Fees & costs3.30.3 higher than IQ Option (3.0)
- Platforms & tools2.80.5 lower than IQ Option (3.3)
- Accounts & banking3.80.8 higher than IQ Option (3.0)
- Education2.80.3 higher than IQ Option (2.5)
- Research3.02.2 higher than IQ Option (0.8)
- Customer support3.30.3 higher than IQ Option (3.0)
IQ Option’s score. Numbers show the difference.
IQ Option
#4 in our binary options broker rankings
Accepts traders from PR
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Rating breakdown
- Regulation & trust3.00.5 higher than Expert Option (2.5)
- Assets & markets3.50.5 higher than Expert Option (3.0)
- Fees & costs3.00.3 lower than Expert Option (3.3)
- Platforms & tools3.30.5 higher than Expert Option (2.8)
- Accounts & banking3.00.8 lower than Expert Option (3.8)
- Education2.50.3 lower than Expert Option (2.8)
- Research0.82.2 lower than Expert Option (3.0)
- Customer support3.00.3 lower than Expert Option (3.3)
Expert Option’s score. Numbers show the difference.
| Expert Option | IQ Option | |
|---|---|---|
| Overview | Expert Option is an offshore broker that offers a simple and intuitive trading experience through a bespoke, user-friendly platform. Short-term traders can access 100 popular assets via binary options contracts with payouts up to 95%, free educational resources, and market data available to upper-tier account holders. | 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. |
| Customer Reviews | Based on 15 customer reviews | Based on 3 customer reviews |
| Bonus Offer | 100% Deposit Bonus | – |
| Comment by Reviewer | “Expert Option suits global traders thanks to its wide range of 20+ payment methods and accessible starting deposit. It’s also a particularly good fit for crypto traders thanks to its Altcoin Index, which provides a view on the direction of the crypto market without Bitcoin. ” | “After a raft of upgrades, including FX options, multipliers, added indicators and longer expiries - IQ Option is best suited to active short-term traders who want a user-friendly, fast platform for digital options alongside CFDs and multipliers in one place. With a track record stretching back to 2013, it's also one of the most established binary providers.” |
| Pros |
|
|
| Cons |
|
|
| Awards | – |
|
| Instruments | Digital Options on Stocks, Commodities, Forex, Crypto | CFD, Forex, Crypto, Stocks, Digital Options |
| Demo Account | Yes | Yes |
| Minimum Deposit | $10 | $10 |
| Trading Platforms |
|
|
| Payment Methods | ||
| Minimum Trade | $1 | 0.001 Lots |
| Regulator | – | CySEC |
| Margin Trading | No | Yes |
| Margin Rate | – | 0.2% |
| STP Account | No | No |
| ECN Account | No | No |
| DMA Account | No | 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 | No | No |
| Mobile Apps | Android, iOS via mobile web trader | Android (plus APK), iOS (plus progressive web app) |
| App Review | Expert Option has an unusual mobile trading offering in that it balances education with trading, potentially serving new traders. However, our tests reveal very basic quizzes and learning materials that barely scratch the surface of binaries. The 'Tap Game' is also gimmicky and does little to serve serious traders. | 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 | ||
| iOS App Rating | – | |
| Copy Trading | Yes | No |
| Copy Trading Platform | ExpertOption doesn’t offer fully automated copy trading, but through its user-friendly Social Trading feature which we tested and which you can access from one click in the platform, you can browse its community of traders in real-time. You can check their assets, deals, and returns, and then run your own analysis and replicate their trades if it aligns with your style and wallet management. Note that if you copy their trades at a different time, in different market conditions, the outcome may be different. | – |
| Social Trading | Yes | No |
| Trade Signals | Only for Platinum and Exclusive accounts | – |
| 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 | $50 | €10 (or equivalent) |
| Islamic Account | No | Yes |
| Account Currencies |
|
|
| Stock Exchanges | – | |
| Commodities | ||
| CFD Trading | ||
| Overview | CFD trading not offered | IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available depends on your location (1:30 in EU, 1:500 globally), but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform. |
| Leverage | N/A | 1:500 |
| FTSE Spread | N/A | – |
| GBPUSD Spread | N/A | 1 |
| Oil Spread | N/A | 2.3 |
| Stocks Spread | N/A | 2 |
| Forex Trading | ||
| Overview | Expert Option traders can access some of the most popular forex pairs including USD/EUR, GBP/USD and GBP/EUR using binary options contracts that payout up to 95%, well above the industry average of around 85%. | 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. |
| GBPUSD Spread | Variable | 5 pips |
| EURUSD Spread | Variable | 14 pips |
| EURGBP Spread | Variable | 15 pips |
| Assets | 6 | 60+ |
| Cryptocurrency | ||
| Overview | Traders can speculate on Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) price movements using high/low binary options on a proprietary platform. These are three of the most popular cryptocurrencies on the market, but the offering lacks the variety and volatility offered by less popular tokens. | 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 | $5 on any winning trades | BTC 7%, ETH 12% (Var) |
| Coins |
|
|
| Crypto Lending | No | No |
| Crypto Mining | No | No |
| Crypto Staking | No | No |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | Expert Option is a well-known binary options broker providing access to 100 assets with a $5 charge on winning trades. Payouts are competitive and users can speculate on rising or falling prices with one-click in the web-accessible platform. Binaries are aimed at ultra-short-term traders, ranging from 60 seconds to 5 minutes. | 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 | 86% | 95% |
| Expiry Times | 5 seconds - 24 hours | 60 seconds - 1 month |
| Ladder Options | No | Yes |
| Boundary Options | Yes | Yes |
Not available in your countryRead Expert Option review