OctaFX vs IQ Option

OctaFX vs IQ Option Comparison Table 2023
OctaFX	IQ Option
Review 4.1	Review 4
Traders from US not accepted	Traders from US not accepted
OctaFX offers commission-free multi-asset trading on MT4 & MT5 platforms with tight floating spreads. Users can also benefit from a proprietary copy trading service.	Open an account with just $10. Trade via CFD over 10 Cryptocurrencies directly, traditional forex with low spreads.
	RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Bonus Offer
Up to 50% deposit bonus
Promotions
Get A 50% Bonus On Each Deposit At OctaFX
Comment by Reviewer
	"IQ Option is a good broker for beginners with an easy to use platform and a low minimum investment."
Pros
Full range of investments Low minimum deposit Highly rated MetaTrader 4 and 5 Copy trading Commission-free trading Mobile app compatibility Negative balance protection (Within EU) No deposit & withdrawal fees Comprehensive educational content Bonuses and contests available (non-EU) High Leverage 1:500 (non-EU) Demo account with access to unlimited virtual funds Offers Islamic accounts	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
Few payment methods No global stocks trading Zero pip spreads unavailable The global entity is regulated offshore Small selection of tradeable instrument	€10 inactivity fee after 90 days No MetaTrader 4 integration
Awards
Most Secure Broker Indonesia 2022- International Business Magazine Best Global Broker Asia 2022- International Business Magazine Best Forex Broker Pakistan 2022- Global Brands Best Forex Broker India 2022- World Finance Best Mobile Trading Platform 2022- FXDailyInfo Best In Class For Social Copy Trading 2022- Forexbrokers.com Best Trading Conditions Asia 2021- World Business Outlook	Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net Best Binary Broker 2021 - DayTrading.com
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies	CFD, Forex, Crypto, Stocks, Digital Options
Demo Account
Yes	Yes
Minimum Deposit
$100	$10
Payment Methods
Credit Card Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer	ADVcash Alipay Boleto Credit Card GlobePay Maestro MoneyGram Perfect Money QIWI Skrill Sofort Vietcombank Transfer Wire Transfer Yandex Money
Minimum Trade
0.01 lots	0.001 lots
Regulator
SVGFSA, CySEC
Margin Trading
Yes	Yes
Margin Rate
	0.2%
MetaTrader 4
Yes	No
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
Yes	No
eSignal
No	No
Trading Central
No	No
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
Yes	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
Yes (iOS & Android)	iOS, Android and Windows
Auto Trading
Yes
Copy Trading
Yes	No
Copy Trading Platform
Copy trading in OctaFX is offered through a proprietary platform and mobile app, as well as integration via the MetaTrader suites. Users can easily diversify portfolios by copying the most profitable traders. Track professionals and their performance for live for smart investing, control your portfolio and view how your funds are invested and manage risks in real time.
Social Trading
Yes	No
Trade Signals
Yes (EAs)
VPS Hosting
Yes	No
Tournaments
No	Yes
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
0
Islamic Account
Yes	Yes
Account Currencies
USD EUR	USD EUR GBP ZAR
Stock Exchanges
Dow Jones FTSE UK Index Nasdaq
Commodities
Gasoline Gold Natural Gas Oil Silver	Gold Oil
CFD Trading
Trade CFDs on the financial markets with floating spreads and flexible leverage.	IQ Option offers highly leveraged CFDs on 6 asset classes through its award-winning platform.
Leverage
1:500 (Global), 1:30 (EU)	1:500
FTSE Spread
1.8
GBPUSD Spread
1.1	1
Oil Spread
0.7	2.3
Stocks Spread
Variable	2
Forex Trading
OctaFX offers leveraged trading on currencies with floating spreads from 0.6 pips.	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.
Forex App
OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.	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
1.1	5 pips
EURUSD Spread
0.7	14 pips
EURGBP Spread
2.1	15 pips
Assets
35	250+
Cryptocurrency
Trade 30+ popular digital currencies paired with the USD.	IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets.
Spread
Variable	BTC 7%, ETH 12% (Var)
Coins
BTC LTC ETH ZEC SOL ADA DOT ATOM LINK AVAX BTB MANA MATIC NEAR IOTA DOGE DASH ALGO AAVE	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
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 minimum deposit.
Payout
	91%
Ladder Options
No	Yes
Boundary Options
No	Yes

Review	Review
	RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
More Comparisons
OctaFX vs	IQ Option vs