IQ Option vs Switch Markets

IQ Option vs Switch Markets Comparison Table 2022
IQ Option Switch Markets
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%. Switch Markets offers leveraged trading on forex, commodities, indices and cryptocurrencies.
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted
Awards
Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net
Best Binary Broker 2021 - DayTrading.com
Bonus
None 100% Deposit Bonus
Instruments
Stocks, Digital Options, Options, CFD, Forex, Crypto, Binary Options Stocks, CFD, Forex, Crypto
Demo Account
Yes Yes
Minimum Deposit
$10 $50
Payment Methods
ADVcash, Alipay, Credit Card, MoneyGram, Perfect Money, QIWI, Skrill, Vietcombank Transfer, Wire Transfer, Yandex Money Debit Card, FasaPay, Mastercard, Neteller, Perfect Money, Skrill, UnionPay, Wire Transfer
Minimum Trade
0.001 lots $1
Regulator
CySEC ASIC
Margin Trading
Yes Yes
Margin Rate
0.2%
MetaTrader 4
No Yes
MetaTrader 5
No No
cTrader
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
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS, Android and Windows iOS & Android
Auto Trading
- Yes - Equinix
Trade Signals
Yes MT4
VPS Hosting
No Yes
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No No
Social Trading
No Yes
Copy Trading
No Yes
Islamic Account
Yes Yes
Account Currencies
USD, EUR, GBP, ZAR USD, EUR, GBP, CAD, AUD, NZD, CHF, SGD
CFD
Switch Markets offers CFDs on stocks, indices and commodities.
Leverage
1:30 EU, 1:500 1:500
FTSE Spread
1.2
GBPUSD Spread
1 0.5
Oil Spread
2.3 2.0
Stocks Spread
2 Variable
Forex
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 Switch Markets offer 60+ currency pairs, including majors, minors and exotics.
GBPUSD Spread
5 pips 0.5
EURUSD Spread
14 pips 0.1
EURGBP Spread
15 pips 0.6
Assets
120 60+
Cryptocurrency
IQ Option are a leading Crypto broker. They offer multipliers, and a huge range of crypto markets. Switch Markets offers four cryptocurrencies with competitive fees.
Spread
BTC 7%, ETH 12% (Var) Variable
Coins
BTC, TRX, XRP, BCH, ETH, EOS, OMG, ETC, QTUM, ZEC, LTC, DASH BTC, ETH, LTC, XRP
Crypto Lending
No No
Crypto Mining
No No
Auto Market Maker
No No
Binary Options
IQ Option lead the way in binary options and digital trading. The best platform, with the lowest minimum deposit Binary options trading not offered
Payout
91%
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