IQ Option vs SynergyFX

IQ Option vs SynergyFX Comparison Table 2023
IQ Option SynergyFX
4
Not Yet Rated
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Open an account with just $10. Trade via CFD over 10 Cryptocurrencies directly, traditional forex with low spreads.

SynergyFX is an Australian broker offering ECN accounts & the MetaTrader platforms.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Bonus Offer
Spin & Win Draw
Comment by Reviewer
"IQ Option is a good broker for beginners with an easy to use platform and a low minimum investment."
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
  • Best Forex Broker 2018 - International Business Summit Malaysia
  • Australian Best Forex Broker 2015 - Global Financial Market Review
  • Best Currency Management Fund 2015 - GFMR
Instruments
CFD, Forex, Crypto, Stocks, Digital Options Forex, CFDs, indices, shares, commodities
Demo Account
Yes Yes
Minimum Deposit
$10 $50
Payment Methods
Minimum Trade
0.001 lots 0.01 lots
Regulator
ASIC, VFSC
Margin Trading
Yes No
Margin Rate
0.2%
MetaTrader 4
No Yes
MetaTrader 5
No Yes
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 No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS, Android and Windows Yes
Auto Trading
Yes
Copy Trading
No No
Social Trading
No Yes
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 Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • ZAR
Commodities
CFD Trading
IQ Option offers highly leveraged CFDs on 6 asset classes through its award-winning platform. Trade across several financial markets with up to 1:400 leverage.
Leverage
1:500 1:500
FTSE Spread
1.4
GBPUSD Spread
1 1.5
Oil Spread
2.3 0.030
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. Trade forex with competitive spreads.
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 1.5
EURUSD Spread
14 pips 0.8
EURGBP Spread
15 pips 1.3
Assets
250+ 40+
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)
Coins
  • BTC
  • TRX
  • XRP
  • BCH
  • ETH
  • EOS
  • OMG
  • ETC
  • QTUM
  • ZEC
  • LTC
  • DASH
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
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
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