IQ Option vs Plus500

IQ Option vs Plus500 Comparison Table 2023
IQ Option	Plus500
Review 4	Review 4.1
Traders from US not accepted	Traders from US not accepted
Open an account with just $10. Trade via CFD over 10 Cryptocurrencies directly, traditional forex with low spreads.	Plus500 is a leading global broker with millions of registered traders and multiple awards. The company specializes in CFDs on its intuitive, proprietary platform and app. The broker also has a high safety rating with licenses from reputable regulators, including in the UK, Europe and Australia.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK	79% of retail CFD accounts lose money.
Comment by Reviewer
"IQ Option is a good broker for beginners with an easy to use platform and a low minimum investment."	"Plus500 is a great option for CFD traders seeking a trustworthy broker with extensive market access, low fees and a beginner-friendly trading platform."
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	No commissions and tight spreads on over 2,800 instruments across forex, shares, indices, commodities, options and ETFs Premium service for professional traders with added benefits including external webinars, expert analysis and a dedicated client manager ESG investing opportunities through a range of equities and indices, including the Global Warming Reduction Index Unique +Insights feature offering real-time trading analysis to uncover trends and market sentiment Excellent reputation with 24 million clients worldwide and licensed in multiple jurisdictions Reliable 24/7 customer support via email, telephone, live chat and WhatsApp Excellent risk management tools including guaranteed stop loss orders Authorized by tier-one regulators including the FCA
Cons
€10 inactivity fee after 90 days No MetaTrader 4 integration	No MetaTrader 4 integration $10 monthly inactivity fee No copy trading
Awards
Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net Best Binary Broker 2021 - DayTrading.com	Best Overall Broker 2021 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Overall Broker 2019 - DayTrading.com
Instruments
CFD, Forex, Crypto, Stocks, Digital Options	CFDs (forex, commodities, ETFs, options, etc.), Shares, Futures
Demo Account
Yes	Yes
Minimum Deposit
$10	$100
Payment Methods
ADVcash Alipay Boleto Credit Card GlobePay Maestro MoneyGram Perfect Money QIWI Skrill Sofort Vietcombank Transfer Wire Transfer Yandex Money	Apple Pay Credit Card Debit Card Google Wallet Mastercard PayPal POLi Skrill Swift Trustly Visa Wire Transfer
Minimum Trade
0.001 lots	Varies by asset
Regulator
	FCA, MAS, CySEC, ASIC, FSA, FSCA, FMA, DFSA, EFSA
Margin Trading
Yes	Yes
Margin Rate
0.2%
MetaTrader 4
No	No
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, Android and Windows
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
Yes	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Islamic Account
Yes	No
Account Currencies
USD EUR GBP ZAR	USD EUR GBP AUD ZAR CZK
Stock Exchanges
	Australian Securities Exchange Borsa Italiana Deutsche Boerse Euronext London Stock Exchange SIX Swiss Exchange
Commodities
Gold Oil	Aluminium Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Lithium Livestock Oil Platinum Silver Soybeans Steel Sugar
CFD Trading
IQ Option offers highly leveraged CFDs on 6 asset classes through its award-winning platform.	Commission-free CFDs span an excellent range of markets. Traders can go long or short on popular assets with flexible leverage and competitive spreads.
Leverage
1:500	1:30
FTSE Spread
	Variable
GBPUSD Spread
1	Variable
Oil Spread
2.3	Variable
Stocks Spread
2	Variable
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.	Plus500 offers forex trading via CFDs with tight, variable spreads and an impressive range of over 70 currency pairs.
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.	Plus500 have developed their mobile apps to match the WebTrader online platform . Secure, reliable and uncomplicated, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.
GBPUSD Spread
5 pips	Variable
EURUSD Spread
14 pips	Variable
EURGBP Spread
15 pips	Variable
Assets
250+	70+
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)	Variable
Coins
BTC TRX XRP BCH ETH EOS OMG ETC QTUM ZEC LTC DASH	BCH BTC ETH LTC XRP IOTA NEO EOS XMR
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	79% of retail CFD accounts lose money.
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