IQ Option vs Paxful

IQ Option vs Paxful Comparison Table 2024
IQ Option Paxful
4
Paxful has closed.
United States Flag Traders from US not accepted
United States Flag Traders from US accepted

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.

Paxful is a crypto trading exchange and digital wallet offering low fees and easy sign-up.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Customer Reviews
5
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."
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
Cons
  • €10 inactivity fee after 90 days
  • No MetaTrader 4 integration
Awards
  • Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net
  • Best Binary Broker 2021 - DayTrading.com
Instruments
CFD, Forex, Crypto, Stocks, Digital Options Cryptos
Demo Account
Yes No
Minimum Deposit
$10 0.005 BTC
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
0.001 Lots $10
Margin Trading
Yes Yes
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 Yes
Spot Trading
No Yes
Mobile Apps
iOS, Android and Windows Android & iOS
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.

Android App Rating
4.2
iOS App Rating
4.3
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
  • EUR
  • GBP
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. CFD trading not offered
Leverage
1:500
GBPUSD Spread
1
Oil Spread
2.3
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. Forex trading not offered
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
EURUSD Spread
14 pips
EURGBP Spread
15 pips
Assets
250+
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. Paxful offers buying and selling of the world's leading cryptocurrencies.
Spread
BTC 7%, ETH 12% (Var) Rates set by vendors
Coins
  • BTC
  • TRX
  • XRP
  • BCH
  • ETH
  • EOS
  • OMG
  • ETC
  • QTUM
  • ZEC
  • LTC
  • DASH
  • BTC
  • ETH
  • USDT
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
Paxful has closed.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
More Comparisons
IQ Option
vs
Paxful
vs