| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FXOpen | $1 Minimum Deposit | MT4, MT5, TickTrader Trading Platforms | 600+ Markets To Trade | FXOpen offers trading (including automated trading) on MT4, MT5 and TickTrader and has a Cent account with a $1 minimum deposit About |
| IQ Option | $10 Minimum Deposit | Web Trader & Apps Trading Platforms | 300+ Markets To Trade | IQ Option provides trading on a user friendly platform and has a low minimum trade size ($1 or 0.001 lots) and minimum deposit ($10) About |
FXOpen vs IQ Option Comparison
FXOpen is an ECN broker using Equinix infrastructure to help provide rapid order processing, an environment which can be suited to traders who trade with automated trading strategies, providing MT4, MT5 and user friendly TickTrader. IQ Option offers a human trader friendly platform, with more markets and a wider range.
IQ Option allows a minimum position size of $1, thus potentially letting traders trade with smaller account sizes. FXOpen provides a Cent account which lest the trader trade with very small trade sizes and has a very low minimum deposit of $1.
Quick comparison
FXOpen is an broker with MT4, MT5 and TickTrader, while IQ Option offers its trading platform and has a lower minimum deposit.
Minimum deposit and key account features
The minimum deposit for FXOpen is $1. The minimum deposit for IQ Option is $10.
- FXOpen offers ECN, STP, Micro and Crypto account types. The minimum deposit is $1 for the Micro account, $10 for the STP and Crypto accounts and $100 for the ECN account. The ECN account charges commissions on its markets, the STP does not charge commissions. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). FXOpen supports social and copy trading via ZuluTrade and Myfxbook. The minimum trade size is 0.0001 lots on the Micro account. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
- 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
- FXOpen offers Forex, Indices, Energy, Crypotocurrencies, Stocks and Metals, with 600+ available.
- IQ Option offers Forex, Indices, Energy, Cryptocurrencies, Stocks, Metals, Soft Commodities, ETFs and Options, with 300+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| FXOpen Broker | MT4, MT5, TickTrader Trading Platforms | FXOpen provides a Cent account with a low minimum order size and minimum deposit ($1) and offers trading, including automated trading, on MT4, MT5 and TickTrader Description |
| IQ Option Broker | Web Trader & Apps Trading Platforms | IQ Option has a low minimum order size ($1 or 0.001 lots) and deposit ($10) and offers CFD trading on its user friendly platform which provides integrated technical and fundamental analysis tools Description |
Cryptocurrency CFDs
- FXOpen offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, EOS, Dashcoin, IOTA, Ethereum Classic, Emercoin, Monero and NEO.
- IQ Option offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, EOS, Dash, Ethereum Classic, Stellar, QTUM, Zcash, TRON and OmiseGO.
Online trading platforms
FXOpen offers MT4, MT4 and TickTrader, while IQ Option provides its web trader and a downloaded version of this platform.
Why FXOpen or IQ Option ?
Traders who want to trade on a user friendly platform with a wide range of integrated analysis tools can do so at IQ Option. Traders who want to trade on MT4 or MT5 can do this at FXOpen. Traders who want to trade using online trading robots (automated trading) can do this at FXOpen. Traders who want to trade with a low minimum order size and deposit can do so at either (FXOpen has a Cent account with a $1 minimum deposit, while IQ Option has a minimum order size of $1 or 0.001 lots).
Comparison summary
- Both offer CFD trading
- IQ Option provides a human trader friendly trading platform
- FXOpen offers MT4, MT5 and TickTrader
- FXOpen uses Equinix infrastructure to help provide rapid order processing
- IQ Option can provide more markets to trade and a wider range
- FXOpen lets the trader use trading robots
- IQ Option has a $1 minimum order size
- FXOpen offers a Micro (Cent) account with very low trade sizes
- FXOpen has a lower minimum deposit ($1 vs $10)
