eToro vs IQ Option Broker Comparison

eToro vs IQ Option | Online Brokerage Comparison

eToro vs IQ Option Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$200Web Trader & Apps1000+
$10Web Trader, Downloaded Platform, Apps 300+

eToro vs IQ Option Comparison

Both brokers offer accessible clear trading platforms. While each has web traders, IQ Option also offers a downloaded version of its platform. Both provide apps for mobile and tablet trading. eToro offers more markets to trade than IQ Option (1000+ vs 300+). IQ Option has a lower minimum deposit ($10 vs $200) and allows for very small order sizes.

However a significant difference is that eToro is a social investment network. This means that it offers a range of tools and features on its trading platform supporting social trading (where the actions and ideas of other traders on the network can be used to inform trading decisions) and automated trading via copy trading (where the trades of other traders are copied into the trader's account).

Quick comparison

Both offer accessible trading platforms. eToro provides more markets and social and copy trading on the platform while IQ Option has a lower minimum deposit.

Minimum deposit and key account features

The minimum deposit for eToro is $200. The minimum deposit for IQ Option is $10.

  • eToro is a Social Trading Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). The minimum trade size is 0.01 lots.
  • IQ Option has Market Analysis, News, a Forex Calendar, an Earnings Calendar and a Crypto Calendar on its trading platform. The minimum order size is $1.

Markets

  • eToro offers Forex, Indices, Cryptocurrencies, Energy, Metals, Stocks, ETFs, Soft Commodities and Bonds, with 1000+ available.
  • IQ Option offers Forex, Indices, Cryptocurrencies, Energy, Metals, Stocks, ETFs, Soft Commodities and Options, with 300+ available.

eToro offers 45+ Forex pairs, IQ Option provides 45+ Forex pairs.

Cryptocurrencies

  • IQ Option offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, EOS, Ethereum Classic, TRON, Zcash, QTUM and OmiseGo CFDs.
  • eToro offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, EOS, Ethereum Classic, TRON, Zcash, NEO, IOTA, Cardano, Stellar, Tezos and Binance Coin (the trader owns the cryptocurrency when buying them at FCA and CySEC regulated eToro).

Leverage

Maximum leverage for eToro (FCA or CySEC regulated) is . Maximum leverage for IQ Option (CySEC regulated) is .

Trading Platforms

Both offer web traders and apps. IQ Option also has a downloaded version of the platform.

Why eToro or IQ Option ?

For traders who make their own trading decisions, both brokers offer a platform which is clear and accessible. IQ Option also provides accessible account features, in that it sets a very small minimum order size ($1) and a very low minimum deposit ($10). However eToro is a broker which provides social investing, via social trading tools on the platform and the capacity to automate trading via copy trading. So this extra information, based on the activities of other traders, is there to help inform the trader as they make their own trading decisions, or they can let other traders trade on their behalf.

Comparison summary

  • Both offer CFD trading
  • eToro has more markets to trade
  • Each offers accessible trading platforms
  • eToro provides social and copy trading features on its platform
  • IQ Option has a low minimum deposit ($10) and order size ($1)

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