IQ Option vs Binary.com

IQ Option vs Binary.com Comparison Table 2023
IQ Option	Binary.com
Review 4	Review 4
Traders from US not accepted	Traders from US not accepted
Open an account with just $10. Trade via CFD over 10 Cryptocurrencies directly, traditional forex with low spreads.	Binary.com are the established pioneers of binary options. They are a well-known broker offering 150+ derivative products across a range of popular markets. With over 2.5 million users worldwide, the broker offers options multipliers and CFDs on two powerful trading platforms.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Comment by Reviewer
"IQ Option is a good broker for beginners with an easy to use platform and a low minimum investment."	"Binary.com (now Deriv) is a great pick for beginners and advanced traders interested in short-term trading with multipliers and leveraged CFDs. The broker is also a leader in synthetic indices which simulate real market movements and are available around the clock."
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	Access to a range of interesting markets, including Deriv's proprietary synthetic indices which are derived from simulated markets Strong global reputation with decades of experience in the trading industry Beginners can practise strategies in the demo account with unlimited virtual funds Instant deposit methods with minimum funding as low as $5 Variety of risk management tools including trading limits and self-exclusion protocols Responsive 24/7 customer support via live chat, telephone, email or WhatsApp Sign up for a CFD or Multiplier account in minutes
Cons
€10 inactivity fee after 90 days No MetaTrader 4 integration	Limited regulatory oversight DTrader platform only available via web browser Narrow range of instruments vs other brokers
Awards
Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net Best Binary Broker 2021 - DayTrading.com	Best Binary Options Broker 2019 - DayTrading.com
Instruments
CFD, Forex, Crypto, Stocks, Digital Options	Stocks, CFD, Forex, Crypto, Binary Options
Demo Account
Yes	Yes
Minimum Deposit
$10	$5
Payment Methods
ADVcash Alipay Boleto Credit Card GlobePay Maestro MoneyGram Perfect Money QIWI Skrill Sofort Vietcombank Transfer Wire Transfer Yandex Money	Bitcoin Payments FasaPay Paysafecard Perfect Money QIWI Skrill Wire Transfer Yandex Money
Minimum Trade
0.001 lots	$1
Regulator
	MGA, SC
Margin Trading
Yes	No
Margin Rate
0.2%
MetaTrader 4
No	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
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	No
Spot Trading
No	No
Mobile Apps
iOS, Android and Windows	iOS, Android
Auto Trading
	Binary.com offer a self build robot feature to design, test and implement automated trading strategies
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
Islamic Account
Yes	No
Account Currencies
USD EUR GBP ZAR	USD
Commodities
Gold Oil
CFD Trading
IQ Option offers highly leveraged CFDs on 6 asset classes through its award-winning platform.	Trade CFDs with tight spreads on key markets as well as the broker's 24/7 synthetic indices, which are not available elsewhere.
Leverage
1:500	1:1000
FTSE Spread
	1 pt var
GBPUSD Spread
1	1 pip var
Oil Spread
2.3	3 pips var
Stocks Spread
2
Forex Trading
IQ Option offer forex trading on a range of currencies. Spreads are on the high side and the brand do not excel in this area.	Binary.com deliver advanced forex trading via the MetaTrader 5 platform and flexible account options.
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
5 pips	1 pip var
EURUSD Spread
14 pips	0.5 pip var
EURGBP Spread
15 pips	1 pip var
Assets
250+	45+
Cryptocurrency
IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets.	Trade with 1:2 leverage on 25+ crypto pairs with zero commission and access to the powerful MT5 platform.
Spread
BTC 7%, ETH 12% (Var)	BTC 2%, ETH 3%
Coins
BTC TRX XRP BCH ETH EOS OMG ETC QTUM ZEC LTC DASH	BCH BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low minimum deposit.	Binary.com are the pioneers of binary options. The original binary brand continue to expand and innovate their offering and remain one of the most trusted brands in the binary sector.
Payout
91%	91%
Ladder Options
Yes	Yes
Boundary Options
Yes	Yes

Review	Review
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
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