| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| eToro | $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 |
| IQ Option | $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.
| Trading Style | IQ Option Platform | Description |
|---|---|---|
| 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 |
| Trading Style | eToro Platform | Description |
|---|---|---|
| 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.
| Broker | Trading Platforms | Demo 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 |
| 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)
