Your capital is at risk. Trade only with funds you can afford to lose.
FBS
#9 in our CFD broker rankings
Accepts traders from Botswana
Rating breakdown
- Regulation & trust3.30.3 higher than IQ Option (3.0)
- Assets & markets3.70.2 higher than IQ Option (3.5)
- Fees & costs4.01.0 higher than IQ Option (3.0)
- Platforms & tools3.50.2 higher than IQ Option (3.3)
- Accounts & banking3.50.5 higher than IQ Option (3.0)
- Education3.51.0 higher than IQ Option (2.5)
- Research3.83.0 higher than IQ Option (0.8)
- Customer support3.80.8 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 Botswana
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Rating breakdown
- Regulation & trust3.00.3 lower than FBS (3.3)
- Assets & markets3.50.2 lower than FBS (3.7)
- Fees & costs3.01.0 lower than FBS (4.0)
- Platforms & tools3.30.2 lower than FBS (3.5)
- Accounts & banking3.00.5 lower than FBS (3.5)
- Education2.51.0 lower than FBS (3.5)
- Research0.83.0 lower than FBS (3.8)
- Customer support3.00.8 lower than FBS (3.8)
FBS’s score. Numbers show the difference.
| FBS | IQ Option | |
|---|---|---|
| Overview | Founded in 2009, FBS is an award-winning CFD broker operating in over 150 countries with a client base exceeding 27 million traders. Traders are supported at every stage of their journey with 24/7 assistance, market analytics, trading calculators, and competitive pricing with zero commissions. | 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 19 customer reviews | Based on 3 customer reviews |
| Trustpilot Score | – | |
| Comment by Reviewer | “FBS is an excellent choice for day traders at every level and budget, with just a $5 minimum deposit and intensive academy for aspiring traders alongside access to MT4 and MT5.” | “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 | CFDs, Forex, Indices, Shares, Commodities | CFD, Forex, Crypto, Stocks, Digital Options |
| Demo Account | Yes | Yes |
| Minimum Deposit | $5 | $10 |
| Trading Platforms |
|
|
| Payment Methods | ||
| Minimum Trade | 0.01 Lots | 0.001 Lots |
| Regulator | ASIC, CySEC, FSCA, FSC | CySEC |
| Margin Trading | Yes | Yes |
| Margin Rate | – | 0.2% |
| STP Account | Yes | No |
| ECN Account | Yes | No |
| DMA Account | No | No |
| MAM Account | No | No |
| PAMM Account | No | No |
| LAMM Account | No | No |
| Demat Account | No | No |
| AI / Machine Learning | Yes | No |
| Robo Advisor | No | No |
| Negative Balance Protection | Yes | Yes |
| Market Maker | No | Yes |
| P2P Trading | No | No |
| Spot Trading | Yes | No |
| Mobile Apps | iOS & Android | Android (plus APK), iOS (plus progressive web app) |
| App Review | FBS offers an intuitive proprietary app that is designed to be user-friendly for traders of all levels. Available on both Android and iOS, it's not only easy to navigate but also ensures swift trade execution with speeds from 0.01 seconds. This, combined with a user-friendly interface, provides excellent control over short-term trading strategies. More experienced traders will also appreciate support for the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) apps, featuring advanced charting packages and Expert Advisors (EAs). | 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 | ||
| Auto Trading | Expert Advisors (EAs) on MetaTrader | – |
| Copy Trading | No | No |
| Social Trading | No | No |
| Trade Signals | MT4 & MT5 | – |
| VPS Hosting | Yes | No |
| Tournaments | No | Yes |
| Demo Competitions | Yes | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | $0 | €10 (or equivalent) |
| Islamic Account | Yes | Yes |
| Account Currencies |
|
|
| Stock Exchanges | ||
| Commodities | ||
| CFD Trading | ||
| Overview | FBS is a CFD broker, allowing you to speculate on the price movements of these assets without actually owning them. CFDs are available in various asset classes, including forex, commodities, indices, and stocks, but there are no opportunities for trading ETFs, bonds, or options. However, what truly empowers traders is the competitive spreads and generous leverage up to 1:3000 (capped at 1:30 for EU traders), all without inactivity or withdrawal fees. | 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 | 1:3000 | 1:500 |
| FTSE Spread | 3.42 | – |
| GBPUSD Spread | 1.3 | 1 |
| Oil Spread | 0.02 | 2.3 |
| Stocks Spread | 0.12 (Apple) | 2 |
| Forex Trading | ||
| Overview | FBS offers an improved selection of 72 majors, minors and exotics. Spreads are fairly competitive, averaging 0.7 pips for EUR/. There’s also an excellent range of forex market resources and tools on offer, including calculators and an intensive forex course. | 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 | 1.3 | 5 pips |
| EURUSD Spread | 1.1 | 14 pips |
| EURGBP Spread | 1.3 | 15 pips |
| Assets | 70+ | 60+ |
| Cryptocurrency | ||
| Overview | Crypto trading not offered | 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 | 19.75 (BTC/USD) | 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 | 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 | – | 95% |
| Expiry Times | – | 60 seconds - 1 month |
| Ladder Options | No | Yes |
| Boundary Options | No | Yes |