IQ Option vs Binary.com

IQ Option vs Binary.com Comparison Table 2024
IQ Option	Binary.com
Review 4	Review 4

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.	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
Customer Reviews
5 Based on 1 IQ Option customer reviews
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."	"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	CFDs, Forex, Stocks, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$10	$5
Trading Platforms
Own	MT5
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%
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
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.	Deriv GO, previously the Binary.com app, offers an easy-to-use interface and various trading instruments, including 24/7 trading in both standard and unique market-simulating indices. It stands out with its fast and reliable chat support, a rare find among competitor apps, providing essential help for new traders.
Android App Rating
4.2	4.5
iOS App Rating
4.3	4.2
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
Stock Exchanges
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
Gold Oil
CFD Trading
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.	Deriv's CFD offering includes 38 forex pairs, 58 stocks, seven indices, 31 crypto pairs and 16 indices, with variable leverage up to 1:30 and tight spreads. The broker also offers CFDs on four synthetic indices, which allow 24/7 trading on customisable levels of volatility, and they 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 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.	Deriv traders can speculate on 38 major and minor pairs via CFDs on MT4 or 14 majors with the broker's 'multiplier' derivatives via the proprietary trading terminal. This is a decent range of currencies compared to many alternatives.
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
60+	45+
Cryptocurrency
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.	Deriv's 31 crypto CFDs are traded in pairs with USD and leverage up to 1:2. Multipliers are available on the BTC/USD and ETH/USD pairs. We like that crypto traders also get 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 starting deposit. Simply decide whether the price of an asset will go up or down to win a predetermined payout up to 90%+.	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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