IQ Option vs XTrade

IQ Option vs XTrade Comparison Table 2024
IQ Option XTrade
4
1.9

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.

Established for over 10 years, XTrade has been providing forex and CFD trading services to clients in over 25 countries. Registered in Belize, this brokerage aims to offer cutting edge technology with its proprietary trading platform, plus reliable 24/5 customer support and robust account security.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Customer Reviews
5
4.5
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." "XTrade is a good option for experienced traders looking for strong market access, including bonds, cryptocurrencies and cannabis stocks. It will also serve traders looking for high leverage up to 1:400."
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
  • Beginner-friendly forex education and blog, plus economic calendar and financial news
  • Good range of financial markets, ideal for those looking to build a diverse portfolio
  • Real-time market data, advanced tools and in-depth market analysis
  • 24/5 multilingual customer support via email, telephone or live chat
  • Accessible deposit options with fast account funding and no fees
  • Commission-free trading
  • Autochartist signals
Cons
  • €10 inactivity fee after 90 days
  • No MetaTrader 4 integration
  • High $250 minimum deposit compared to alternatives
  • Below average fees with wide spreads
  • No cryptocurrency and Bitcoin trading
  • $50 inactivity fee after 3 months
  • No automated trading capabilities
  • Only one platform available
  • UK clients not accepted
  • No MetaTrader integration
  • No Islamic account
Awards
  • Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net
  • Best Binary Broker 2021 - DayTrading.com
  • Best Broker Middle East 2016 - Forex Report
  • Best Mobile Platform 2016 - FX Empire
  • Best Forex Broker 2016 - FFXPO Awards
Instruments
CFD, Forex, Crypto, Stocks, Digital Options Forex, CFDs, indices, shares, commodities
Demo Account
Yes Yes
Minimum Deposit
$10 $250
Trading Platforms
  • Own
  • Own
Payment Methods
Minimum Trade
0.001 Lots 0.01 Lots
Regulator
CySEC, IFSC
Margin Trading
Yes No
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 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.

Android App Rating
4.2
iOS App Rating
4.3
Copy Trading
No No
Social Trading
No No
Trade Signals
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 No
Account Currencies
  • USD
  • EUR
  • GBP
  • ZAR
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. Trade CFDs across a broad range of markets including indices, commodities, and bonds. You can also take advantage of the platform's integrated signals service, although the lack of additional platforms is limiting.
Leverage
1:500 1:400
FTSE Spread
5 pts
GBPUSD Spread
1 2.5-5 pips
Oil Spread
2.3 5 pips
Stocks Spread
2 Variable
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. XTrade offers a strong range of 56 forex pairs, however spreads are not very competitive, starting from 1.7 pips on the EUR/USD. The in-house platform also doesn't rival MetaTrader 4.
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 2.5-5 pips
EURUSD Spread
14 pips 1.7-5 pips
EURGBP Spread
15 pips 3-5 pips
Assets
60+ 56
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. 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 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
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
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