FOREX.com vs IQ Option Broker Comparison

FOREX.com vs IQ Option | Trading Brokers Comparison

FOREX.com vs IQ Option Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$50Web Trader, Advanced Trading Platform, MT4, Apps300+
$10Web Trader, Downloaded Platform, Apps 300+

FOREX.com vs IQ Option Comparison

FOREX.com provides a range of online trading platforms, offering a downloaded platform, a web trader and MT4. IQ Option provides web trader and a downloaded version of it. Both offer apps for mobile and tablet trading. Each has a similar number of markets to trade, 300+.

FOREX.com has a relatively low minimum deposit ($50), though IQ Option has an even smaller one ($10). By offering MT4, FOREX.com allows the trader to run automated trading strategies, with Expert Advisors (EAs).

Quick comparison

FOREX.com has more platforms including MT4 while IQ Option has a lower minimum deposit.

Minimum deposit and key account features

The minimum deposit for FOREX.com is $50. The minimum deposit for IQ Option is $10.

  • FOREX.com has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website. 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

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

Cryptocurrencies

  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
  • IQ Option offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, EOS, Ethereum Classic, Qtum, OmiseGo, TRON and Zcash CFDs.

Leverage

Maximum leverage for FOREX.com (FCA regulated) is . Maximum leverage for IQ Option (CySEC regulated) is .

Trading Platforms

FOREX.com provides a web trader (called Web Trader), the Advanced Trading Platform (downloaded) and MT4. IQ Option provides a web trader and the capacity to download this platform. Both brokers offer mobile apps.

Why FOREX.com or IQ Option ?

FOREX.com offers a range of ways to trade Forex and other CFD markets, including an accessible web trader, its Advanced Trading Platform and MT4. IQ Option offers one particularly accessible platform, which can be utilised in different ways (i.e. as a web trader or downloaded as well as used via apps). IQ Option has a very small minimum deposit and trade size to trade on a real account, but FOREX.com has a relatively low minimum deposit and offers micro lot trading. FOREX.com supports the use of automated trading strategies (aka robots) for all Expert Advisors on MT4. Thus trader who want to trade with EAs may wish to consider FOREX.com, but traders who want to trade with small trade sizes and a small minimum deposit can consider IQ Option.

Comparison summary

  • Both offer CFD trading
  • Each has a similar number of markets to trade
  • IQ Option offers a web trader and a downloaded version
  • FOREX.com has a web trader, a downloaded platform and MT4
  • FOREX.com supports the use of automated trading strategies
  • IQ Option has very low minimum trade size and deposit

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