MultiBank FX vs IQ Option
| MultiBank FX | IQ Option |
|---|---|
4.7
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4
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MultiBank FX is an established broker offering forex and CFD products since 2005. With 20,000+ instruments, plenty of local payment methods and 24/7 multilingual customer support, the broker is a popular choice among traders globally. New clients can also access a variety of bonus offers and access the hugely popular MT4 and MT5 trading platforms. |
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. |
| RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | |
| Customer Reviews | |
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5
Based on 1 IQ Option customer reviews
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| Bonus Offer | |
| 20% deposit bonus | |
| Comment by Reviewer | |
| "MultiBank FX is a great option for active forex traders with 55 currency pairs, spreads from 0.0 pips and high leverage up to 1:500." | "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 | |
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| Cons | |
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| Awards | |
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| Instruments | |
| Forex, CFDs, indices, shares, metals, commodities, cryptocurrencies | CFD, Forex, Crypto, Stocks, Digital Options |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $50 | $10 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.1 Lots | 0.001 Lots |
| Regulator | |
| SCA, MAS, CySEC, ASIC, AUSTRAC, BaFin, FMA, FSC, CIMA, TFG, VFSC | |
| Margin Trading | |
| No | Yes |
| Margin Rate | |
| 0.2% | |
| STP Account | |
| No | No |
| ECN Account | |
| Yes | 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 | |
| Yes | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | No |
| Mobile Apps | |
| Yes | iOS, Android and Windows |
| 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. |
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| Android App Rating | |
4.2 |
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| iOS App Rating | |
4.3 |
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| Auto Trading | |
| Yes (APIs) | |
| Copy Trading | |
| Yes | No |
| Copy Trading Platform | |
| Clients can start copy trading in three simple steps at MultiBank FX, gaining access to profitable online traders from around the world. Build a diverse portfolio while learning from experienced investors and saving time on market research. | |
| Social Trading | |
| Yes | No |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | Yes |
| Demo Competitions | |
| Yes | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Access thousands of CFDs with competitive pricing and leverage up to 1:500. A range of asset classes are available, including currencies, shares, indices, metals and commodities. CFDs can be traded on the market-leading MetaTrader platforms. | 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. |
| Leverage | |
| 1:500 | 1:500 |
| FTSE Spread | |
| Not offered | |
| GBPUSD Spread | |
| 0.8 | 1 |
| Oil Spread | |
| 0.03 | 2.3 |
| Stocks Spread | |
| Variable | 2 |
| Forex Trading | |
| MultiBank FX offers trading on 50+ major, minor and exotic currency pairs. Spreads are tighter than many competitors and the broker offers higher leverage than most alternatives. Automated trading strategies are also permitted. | 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 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. |
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| GBPUSD Spread | |
| 0.8 | 5 pips |
| EURUSD Spread | |
| 0.3 | 14 pips |
| EURGBP Spread | |
| 0.8 | 15 pips |
| Assets | |
| 45+ | 60+ |
| Cryptocurrency | |
| Trade a selection of the top cryptos against the US Dollar, including Bitcoin, Polkadot and Stellar with 50% leverage. Traders also benefit from fast execution speeds of <20ms. | 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. |
| Spread | |
| Floating | BTC 7%, ETH 12% (Var) |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| Binary Options | |
| Binary options trading not offered | 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%+. |
| Payout | |
| 91% | |
| Ladder Options | |
| No | Yes |
| Boundary Options | |
| No | Yes |
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| RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | |
| More Comparisons | |
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MultiBank FX vs |
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