IQ Option vs JP Markets
| IQ Option | JP Markets |
|---|---|
4
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1.5
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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. |
JP Markets is a South African forex and CFD broker established in 2016. The broker is regulated by the FSCA in South Africa although the firm has been involved in controversy in recent years. The brokerage offers thousands of assets in ECN and STP accounts, including forex, stocks and commodities. The firm promises high-quality support, tailored services and innovation to its global traders. |
| RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | |
| Customer Reviews | |
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5
Based on 1 IQ Option customer reviews
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| Bonus Offer | |
| 200% deposit bonus up to R280,000 | |
| 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." | "South African traders looking to speculate on 5000+ popular markets with a $0 minimum deposit and high leverage up to 1:500 will be well served by JP Markets." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| CFD, Forex, Crypto, Stocks, Digital Options | Forex CFDs, indices, stocks, commodities, cryptocurrencies |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $10 | $0 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.001 Lots | 0.01 Lots |
| Regulator | |
| FSB | |
| Margin Trading | |
| Yes | No |
| Margin Rate | |
| 0.2% | |
| STP Account | |
| No | No |
| ECN Account | |
| No | Yes |
| 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 | 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. |
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| Android App Rating | |
4.2 |
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| iOS App Rating | |
4.3 |
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| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| Trade Signals | |
| 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 | |
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| 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. | Access over 5000 CFDs with high leverage up to 1:500. Trading costs are high with a $10 commission per lot, though the broker does offer accessible trading in ZAR, USD or GBP for global clients. |
| Leverage | |
| 1:500 | 1:400 |
| FTSE Spread | |
| 19 pips | |
| GBPUSD Spread | |
| 1 | 2.4 pips |
| Oil Spread | |
| 2.3 | 10 pips |
| Stocks Spread | |
| 2 | From 0.7 pips |
| 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. | JP Markets only offers 30 currency pairs, which does not match top brokers. Average spreads on EUR/USD are also around 2 pips, which is higher than many competitors. |
| 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. |
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| GBPUSD Spread | |
| 5 pips | 2.4 pips |
| EURUSD Spread | |
| 14 pips | 2 pips |
| EURGBP Spread | |
| 15 pips | 2.4 pips |
| Assets | |
| 60+ | 30 |
| 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. | Some digital tokens are available, including Bitcoin, though crypto deposits are not supported. Crypto traders may want to consider a more reliable and regulated broker. |
| Spread | |
| BTC 7%, ETH 12% (Var) | Variable |
| Coins | |
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| 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 |
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| RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | |
| More Comparisons | |
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IQ Option vs |
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