Your capital is at risk. Trade only with funds you can afford to lose.
IQ Option
#4 in our binary options broker rankings
Accepts traders from Turkmenistan
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Rating breakdown
- Regulation & trust3.0
- Assets & markets3.5
- Fees & costs3.0
- Platforms & tools3.3
- Accounts & banking3.0
- Education2.5
- Research0.8
- Customer support3.0
Binance
#70 in our crypto broker rankings
Accepts traders from Turkmenistan
Binance is being sued by the SEC for a range of securities violations, including the commingling of client funds and 'wash trading' against its customers to artificially increase crypto prices. Your funds may be at risk if you trade with Binance. We do not recommend making any deposits.
| IQ Option | Binance | |
|---|---|---|
| Overview | 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. | Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives. |
| Customer Reviews | Based on 3 customer reviews | – |
| Comment by Reviewer | “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.” | “Binance will appeal to crypto investors looking to trade big tokens like Bitcoin plus niche coins with low fees. However, regulatory action and questionable handling of customer funds makes this firm too high-risk in our opinion.” |
| Pros |
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| Instruments | CFD, Forex, Crypto, Stocks, Digital Options | Cryptos |
| Demo Account | Yes | No |
| Minimum Deposit | $10 | $0 |
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| Payment Methods | ||
| Minimum Trade | 0.001 Lots | $10 |
| Regulator | CySEC | – |
| 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 | Yes | No |
| Market Maker | Yes | No |
| P2P Trading | No | Yes |
| Spot Trading | No | Yes |
| Mobile Apps | Android (plus APK), iOS (plus progressive web app) | Yes |
| 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 | – | |
| iOS App Rating | – | |
| Copy Trading | No | No |
| Social Trading | No | No |
| VPS Hosting | No | No |
| Tournaments | Yes | No |
| Demo Competitions | No | No |
| Ethical Investing | No | No |
| Custodial Account | No | No |
| Guaranteed Stop Loss | No | No |
| Inactivity Fee | €10 (or equivalent) | – |
| Islamic Account | Yes | No |
| Account Currencies |
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| Stock Exchanges | – | |
| Commodities | – | |
| CFD Trading | ||
| Overview | 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. | CFD trading not offered |
| Leverage | 1:500 | – |
| GBPUSD Spread | 1 | – |
| Oil Spread | 2.3 | – |
| Stocks Spread | 2 | – |
| Forex Trading | ||
| Overview | 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 trading not offered |
| GBPUSD Spread | 5 pips | – |
| EURUSD Spread | 14 pips | – |
| EURGBP Spread | 15 pips | – |
| Assets | 60+ | – |
| Cryptocurrency | ||
| Overview | 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. | Binance is one of the world's largest crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace. |
| Spread | BTC 7%, ETH 12% (Var) | Variable fees with account tiers |
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| Crypto Lending | No | Yes |
| Crypto Mining | No | No |
| Crypto Staking | No | Yes |
| Auto Market Maker | No | No |
| Binary Options | ||
| Overview | 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%+. | Binary options trading not offered |
| Payout | 95% | – |
| Expiry Times | 60 seconds - 1 month | – |
| Ladder Options | Yes | No |
| Boundary Options | Yes | No |