eToro vs IQ Option Broker Comparison

eToro vs IQ Option | Online Brokerage Comparison
eToro vs IQ Option Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsAbout
$50
Minimum Deposit
CopyTrader
Trading Platforms
2000+
Markets To Trade
eToro provides social and copy trading tools integrated into a user friendly platform and a wide range of markets to trade
About
$10
Minimum Deposit
IQ Option Platform
Trading Platforms
300+
Markets To Trade
IQ Option offers a user friendly platform with a low $1 minimum order size, a low minimum deposit (from $10) and analysis tools
About

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 (2000+ vs 300+). IQ Option has a lower minimum deposit ($10 vs $50) and allows for very small order sizes (eToro also provides relatively low minimum order sizes on its platform).

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 copy trading (where the trades of other traders are copied into the trader's account). In some regions however, IQ Option offers social trading information from its platform.

eToro offers as well as CFDs, real Stocks, Cryptos and ETFs to buy to own. Additionally it has a staking service (to earn rewards from Cryptos, T&Cs apply) and its eToro Money crypto wallet (where Cryptos can be exchanged). eToro also offers real Stocks to buy with 0% commission.

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.

IQ Option Trading Features Summary Highlight
Trading StyleIQ Option PlatformDescription
Low Deposit
Account Feature
User Friendly Platform
IQ Option Platform
IQ Option has a low minimum deposit of $10. In both cases there is a low minimum order size of $1, thus it is possible to place small trade sizes from a small minimum deposit, for example to test ideas on a live account
Description
Discretionary Trading
Trading Style
User Friendly Platform
IQ Option Platform
IQ Option provides a user friendly platform with a range of integrated trading tools for fundamental and technical analysis. There is also a demo account which can be switched back and forth to the live account
Description
24/7 Trading
Trading Type
User Friendly Platform
IQ Option Platform
24/7 trading (i.e. weekend trading) is available, depending on the trader's region
Description
eToro Trading Features Summary Highlight
Trading StyleeToro PlatformDescription
Copy Trading
Trading Style
CopyTrader
eToro Platforms
eToro integrates social and copy trading into its user friendly platform to provide a social investing multi-asset platform, with a minimum order size from $10
Description
Discretionary Trading
Trading Style
Copy Trader
eToro Platform
It is possible to use the views of other traders when planning trades or to copy the trades of other traders, however the trader may also plan their own trade using platform tools and can switch back to the demo account
Description
24/7 Trading
Trading Type
Copy Trader
eToro Platform
Weekend trading of a wide range Cryptos (i.e. 24/7 trading) is offered on eToro's copy trading platform
Description
Real Stocks & Cryptos
Market Type
Copy Trader
eToro Platform
Real Cryptos (and Stocks) are offered on Copy Trader, allowing the trader to use social and copy trading when trading these markets
Description

Minimum deposit and key account features

The minimum deposit for eToro is $50 for some countires but can be higher or lower for others. The minimum deposit for IQ Option is $10.

  • eToro is a multi-asset 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.
IQ Option And eToro Demo Accounts
BrokerTrading PlatformsDemo Accounts
IQ Option
Broker
IQ Option Platform
Trading Platforms
IQ Option provides a free demo account where the trader can test out the platform including the 100+ technical indicators and Forex, Crypto and Earnings Calendars
Demo Account
IQ Option
IQ Option
eToro
Broker
CopyTrader
Trading Platforms
eToro provides a free demo account where the trader can test out social and copy trading as well as use eToro's platform tools to analyse markets
Demo Account

Markets

  • eToro offers Forex, Indices, Cryptocurrencies, Energy, Metals, Stocks, ETFs, Soft Commodities and Bonds, with 2000+ 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, Stellar, QTUM and OmiseGo CFDs.
  • eToro offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, EOS, Ethereum Classic, TRON, Zcash, Stellar, BNB, Solana, LUNA, Cardano, Dogecoin, Avalanche, Polkadot, Shiba, Polygon, Cronos, Cosmos, Chainlink, Uniswap, ApeCoin, Algorand, Hedera Hashgraph, Filecoin, Decentraland, The Sandbox, Theta, Fantom, Tezos, Axie Infinity, AAVE, IOTA, The Graph, Maker, NEO, Quant, Chiliz, Gala, Curve, Enjin, Loopring, Curve, Basic Attention Token, Kyber Network, Compound, Ox, Synthetix, Yearn.finance, Ankr, Bancor, 1inch, Storj, SushiSwap, Ethereum Name Service, REN, dYdX, Fetch.ai and Balancer (the trader owns the cryptocurrency when buying them at FCA and CySEC regulated eToro). There is a flat 1% fee for all Cryptos, on top of the Bid/Ask spread. eToro additionally offers a Wallet which supports 120+ Cryptocurrencies and allows the trader to move unleveraged long positions in real Cryptocurrencies to the Wallet from the platform.

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 ?

Traders who want to trade on a user friendly platform with tool for traders who execute their own trades can try either broker. Trader who want to social and copy trade can sign up for eToro, as it integrates these tools and features into its CopyTrader platform. Traders who want to buy real Stocks, Cryptos and ETFs may do so at eToro. Traders who want to trade with a small minimum deposit ($10) and order size ($1) can try IQ Option, this said eToro has a relatively small minimum deposit of $50 and offers relatively low minimum order sizes, from $10. Traders who want a wide range of real Cryptos and to find staking services and a wallet where Cryptos can be exchanged, can find these features at eToro.

Comparison summary

  • Both offer CFD trading
  • eToro has more markets to trade
  • Each offers user friendly trading platforms
  • eToro offers a relatively wide range of real Cryptos to buy as well as staking and a wallet
  • eToro provides social and copy trading on its platform
  • eToro has a low minimum deposit ($50) and order size ($10)
  • IQ Option has a low minimum deposit ($10) and order size ($1)
IQ Option