FXPesa vs IQ Option

FXPesa vs IQ Option Comparison Table 2023
FXPesa	IQ Option
Review 1.5	Review 4
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available binary options brokers
FXPesa offers forex and CFD trading from its headquarters in Kenya.	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
Bonus Offer
30% deposit bonus up to $150
Comment by Reviewer
	"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
	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
	€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
Stocks, CFD, Forex	CFD, Forex, Crypto, Stocks, Digital Options
Demo Account
Yes	Yes
Minimum Deposit
$5	$10
Trading Platforms
MT4	Own
Payment Methods
Credit Card Debit Card EasyPay Neteller Skrill	ADVcash Alipay Boleto Credit Card GlobePay Maestro MoneyGram Perfect Money QIWI Skrill Sofort Vietcombank Transfer Wire Transfer Yandex Money
Minimum Trade
$0	0.001 Lots
Regulator
CMA
Margin Trading
Yes	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
Yes	No
Mobile Apps
MT4, FXPesa Trader	iOS, Android and Windows
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
Trade Signals
MT4
VPS Hosting
No	No
Tournaments
No	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	Yes
Account Currencies
USD	USD EUR GBP ZAR
Stock Exchanges
FTSE UK Index New York Stock Exchange	Australian Securities Exchange 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
Gold Oil Silver	Gold Oil
CFD Trading
Trade leveraged CFDs on popular financial assets, including indices and commodities.	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
1:400	1:500
FTSE Spread
From 0.7 pips
GBPUSD Spread
From 0.2 pips	1
Oil Spread
From 0.028 pips	2.3
Stocks Spread
Not Available	2
Forex Trading
FXPesa offers 66 currency pairs, including all majors, plus a selection of minors and exotics.	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
From 0.2 pips	5 pips
EURUSD Spread
From 0 pips	14 pips
EURGBP Spread
From 0.2 pips	15 pips
Assets
66	250+
Cryptocurrency
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
	BTC 7%, ETH 12% (Var)
Coins
	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
FXPesa vs	IQ Option vs