IQ Option vs CMC Markets

IQ Option vs CMC Markets Comparison Table 2023
IQ Option	CMC Markets
Review 4	Review 4.7
Traders from US not accepted	Traders from US not accepted
Open an account with just $10. Trade over 14 Cryptocurrencies directly, traditional forex with low spreads or trade digital options with payouts up to 900% (successful trades only).	CMC Markets is a trustworthy brand authorized by tier-one regulators including the FCA and ASIC. Advanced trading tools, excellent market research and low fees help the broker stand out from rivals. The no minimum deposit, free demo account and social trading service have also made CMC Markets popular with aspiring traders.
Risk Warning: Your Capital Might Be At Risk	Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% (April-June 2022) of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Pros
Regulatory oversight from the CySEC 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 Professional account available	Easy to use proprietary platform with intuitive features including a pattern recognition scanner and 40+ indicators and drawing tools Transparent pricing model with lower spreads than alternatives and no deposit or withdrawal fees Comprehensive suite of market research tools and analyst insights to help make informed trading decisions CMC Alpha loyalty scheme with great perks for high-volume traders including premium support and 5% to 28.6% discounts on spreads A hugely respected broker listed on the London Stock Exchange with 300,000+ clients Responsive and knowledgeable support team available 24/5 to help new traders get started quickly
Cons
€10 inactivity fee after 90 days No MetaTrader 4 integration	A $10 monthly inactivity fee that kicks in after 12 months of no activity Spread betting is only available in the UK US clients are not accepted
Awards
[content notgeo="EU"]Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net Best Binary Broker 2021 - DayTrading.com[/content]	Best Trading App 2023 - DayTrading.com No.1 Platform Technology 2022 No.1 New Tool 2022 No.1 Most Currency Pairs 2022 Best Trade Execution 2021 Best Forex Broker For Beginners 2021 Most Transparent Forex Broker Europe 2020 Best Trading Platform 2020 Best Trading App 2019 Best Customer Service 2018
Instruments
CFD, Forex, Crypto, Stocks, Digital Options	Indices and ETFs > CFDs, Spread Betting, Indices, Forex, Commodities, Stocks, ETFs, Treasuries, Custom Indices
Demo Account
Yes	Yes
Minimum Deposit
$10	$0
Payment Methods
ADVcash Alipay Boleto Credit Card GlobePay Maestro MoneyGram Perfect Money QIWI Skrill Sofort Vietcombank Transfer Wire Transfer Yandex Money	Mastercard POLi Visa
Minimum Trade
0.001 lots	0.01 Lots
Regulator
CySEC	FCA, MAS, ASIC, IIROC
Margin Trading
Yes	Yes
Margin Rate
0.2%
MetaTrader 4
No	Yes
MetaTrader 5
No	No
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	Yes
Market Maker
Yes	Yes
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS, Android and Windows	iOS and Android
Auto Trading
	Yes (via MT4)
Copy Trading
No	No
Social Trading
No	Yes
Trade Signals
	Yes
VPS Hosting
No	No
Tournaments
Yes	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP ZAR	USD EUR GBP AUD SEK PLN
Stock Exchanges
	Deutsche Boerse S&P 500 Shenzhen Stock Exchange
Commodities
Gold Oil	Coffee Cannabis Copper Gold Natural Gas Nickel Oil Orange Juice Palladium Precious Metals Silver Soybeans Steel Wheat
CFD Trading
IQ Option offers highly leveraged CFDs on 6 asset classes through its award-winning platform.	CMC Markets provides leveraged CFDs on 12,000+ instruments with transparent pricing and powerful trading software.
Leverage
1:500	1:30
FTSE Spread
	1 pt
GBPUSD Spread
1	0.9
Oil Spread
2.3	3.0
Stocks Spread
2	.10% Var
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.	CMC Markets offers an extensive list of 330+ forex pairs with tight spreads and ultra-fast executions.
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.	CMC Markets deliver an award winning app (Shares magazine 2019), compatible with most major mobile and tablet operating systems. Trade more than 9300 assets via the app on their Next Generation platform. Includes advanced charting with 12 chart types and 40 technical indicators.
GBPUSD Spread
5 pips	0.9
EURUSD Spread
14 pips	0.7
EURGBP Spread
15 pips	1.1
Assets
250+	330+
Currency Indices
	USD EUR GBP JPY CAD AUD NZD CHF
Cryptocurrency
IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets.	Crypto trading not offered
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
IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low minimum deposit.	Binary options trading not offered
Payout
91%
Ladder Options
Yes	No
Boundary Options
Yes	No

Review	Review
Risk Warning: Your Capital Might Be At Risk	Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% (April-June 2022) of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
More Comparisons
IQ Option vs	CMC Markets vs