IQ Option vs Forex.com
| IQ Option | FOREX.com |
|---|---|
4
|
4.5
|
|
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. |
Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms. |
| RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | |
| Customer Reviews | |
|
5
Based on 1 IQ Option customer reviews
|
4.7
Based on 3 FOREX.com 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." | "FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools." |
| Pros | |
|
|
| Cons | |
|
|
| Awards | |
|
|
| Instruments | |
| CFD, Forex, Crypto, Stocks, Digital Options | CFDs, Forex, Stocks, Cryptos, Futures, Options, Commodities |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $100 |
| Trading Platforms | |
|
|
| Payment Methods | |
| Minimum Trade | |
| 0.001 Lots | 0.01 Lots |
| Regulator | |
| NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA | |
| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| 0.2% | |
| STP Account | |
| No | Yes |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | Yes |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| Yes | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| 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. |
Running alongside the MT4 and Web Trader platforms, the FOREX.com app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love. |
| Android App Rating | |
4.2 |
3.8 |
| iOS App Rating | |
4.3 |
3.6 |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| Trade Signals | |
| SMART Signals | |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| Yes | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $15 | |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
|
|
| Stock Exchanges | |
| Commodities | |
| 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. | With the ability to take both long and short positions on 5,500+ CFDs across forex, stocks, indices, commodities, and cryptocurrencies, FOREX.com excels. Its exclusive Web Trader platform offers an excellent trading experience, equipped with over 80 technical indicators and average execution speeds of just 20 milliseconds, ensuring an optimal environment for serious day traders. |
| Leverage | |
| 1:500 | 1:200 (Retail), 1:500 (Pro) |
| FTSE Spread | |
| 1.0 | |
| GBPUSD Spread | |
| 1 | 1.3 |
| Oil Spread | |
| 2.3 | 2.5 |
| Stocks Spread | |
| 2 | 0.14 |
| 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. | FOREX.com continues to uphold its stature as a premier FX broker, offering over 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $5 commission per $100k, it stands out. Moreover, its SMART Signals help to identify price behaviors across numerous major currency markets. |
| 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. |
Running alongside the Advanced and Web Trader Platforms, the FOREX.com mobile app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. |
| GBPUSD Spread | |
| 5 pips | 1.3 |
| EURUSD Spread | |
| 14 pips | 1.2 |
| EURGBP Spread | |
| 15 pips | 1.4 |
| Assets | |
| 60+ | 80+ |
| 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. | You can trade a small range of 8+ cryptos against USD, EUR, GBP and AUD with tight spreads and no virtual wallet required. Algo traders can also utilize Expert Advisors (EAs) to automate their crypto trades. |
| Spread | |
| BTC 7%, ETH 12% (Var) | BTC 1.4%, ETH 2% |
| Coins | |
|
|
| 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 options trading not offered |
| Payout | |
| 91% | |
| Ladder Options | |
| Yes | No |
| Boundary Options | |
| Yes | No |
|
|
|
| RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | |
| More Comparisons | |
|
IQ Option vs |
FOREX.com vs |