Fortrade vs IQ Option

Fortrade vs IQ Option Comparison Table 2024
Fortrade	IQ Option
Review 3.8	Review 4

Fortrade is a multi-asset, multi-regulated broker with branches regulated by the FCA, CySEC and ASIC among others. The brand offers trading opportunities on a wide range of instruments including stocks, bonds, commodities, forex, indices, cryptocurrencies and ETFs, with competitive fees and support for MetaTrader 4 and a proprietary platform.	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
"With strong regulatory oversight, helpful educational content and support for the market-leading MetaTrader 4 platform, Fortrade is a good pick for newer traders."	"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
Wide range of markets available including cryptos Comprehensive educational resources and content Strong regulation from FCA & CySEC Choice of platforms including MT4 Unlimited time demo account Online CFD trading APK	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
Wider than average spreads on some assets Only one account type available Slow withdrawals	€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, commodities, cryptocurrencies, DMAs, ETFs, bonds	CFD, Forex, Crypto, Stocks, Digital Options
Demo Account
Yes	Yes
Minimum Deposit
$100	$10
Trading Platforms
MT4 TradingCentral	Own
Payment Methods
Credit Card Debit Card Mastercard Neteller PayPal Skrill 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
FCA, ASIC, CySEC, NBRB, FSC, CIRO
Margin Trading
Yes	Yes
Margin Rate
	0.2%
STP Account
No	No
ECN Account
Yes	No
DMA Account
Yes	No
MAM Account
Yes	No
PAMM Account
Yes	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	iOS, Android and Windows
App Review
The Fortrader mobile app can be used to trade 60+ currency pairs. Clients can also access daily market insights and manage deposits and withdrawals via the application. The forex trading app is available from the Apple App Store and Google Play.	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
4.2	4.2
iOS App Rating
3.5	4.3
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	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
$10
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP	USD EUR GBP ZAR
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group Nasdaq S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Toronto Stock Exchange	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
Copper Corn Cotton Gasoline Gold Natural Gas Oil Palladium Platinum Silver Sugar Wheat	Gold Oil
CFD Trading
Fortrade's list of leveraged CFDs covers a wide range of asset classes including forex, stocks, bonds, indices, commodities and cryptocurrencies. Traders can access leverage up to 1:30 and will trade with zero commission, fast execution and low latency on MetaTrader 4 or the bespoke platform.	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
1:30 (varies by entity)	1:500
FTSE Spread
2
GBPUSD Spread
2	1
Oil Spread
0.04	2.3
Stocks Spread
Variable	2
Forex Trading
Fortrade offers 60+ currency pairs including a good selection of majors, minors and exotics. Trading takes place via MT4 or Fortrade's proprietary, low-latency terminal, and spreads on the USD/GBP pair average a reasonable 2 pips.	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
The Fortrader mobile app can be used to trade 60+ currency pairs. Clients can also access daily market insights and manage deposits and withdrawals via the application. The forex trading app is available from the Apple App Store and Google Play.	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	5 pips
EURUSD Spread
2	14 pips
EURGBP Spread
3	15 pips
Assets
60+	60+
Cryptocurrency
Fortrade offers CFD trading on the largest cryptos by market cap paired with USD. Crypto CFD availability depends on local regulations and they are not offered in jurisdictions including the UK due to restrictions.	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
Variable	BTC 7%, ETH 12% (Var)
Coins
BTC DSH LTC ETH	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
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