| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FXTM | $10 Minimum Deposit | MT4, MT5 Trading Platforms | 1000+ Markets To Trade | FXTM provides trading on MT4 and MT5, allowing automated trading with EA robots and offering a Micro (cent) account About |
| IQ Option | $10 Minimum Deposit | IQ Option Platform Trading Platforms | 300+ Markets To Trade | IQ Option provides a user friendly platform with a low minimum order size (0.001 lots or $1) and a low minimum deposit ($10) About |
FXTM vs IQ Option Comparison
IQ Option has a low minimum deposit of $10. FXTM offers a Micro (Cent) account, with its lowest minimum deposit of $10. This account lets the trader trade with order sizes lower than micro lots, thus it can be possible to trade with smaller account size. IQ Option has a low minimum order size of $1, which also allows the trader to trade with a smaller account size and for Forex trading can offers lots sizes down to 0.001 lots.
FXTM and IQ Option provide different online trading platforms. FXTM offers MT4 and MT5, while IQ Option has a web trader and a downloaded version of it.
Quick comparison
FXTM is an MT4 and MT5 brokers offering a range of accounts including a Cent account and accounts for higher volume traders. IQ Option has a relatively wide range of markets on its trading platform.
Minimum deposit and key account features
The minimum deposit for FXTM is $10 ($50 in the EEA). The minimum deposit for IQ Option is $10.
- FXTM offers three account types: Micro, Advantage and Advantage Plus. The minimum deposit for the Micro account is $10 (MT4 only is offered on this account). The minimum deposit for the Advantage and Advantage Plus account is $500. The Micro account is a Cent type account with low minimum trade sizes. The Advantage account offers spreads from 0 plus a commission charge. The Micro and the Advantage Plus accounts offer spreads from 1.5 without a commission charge. FXTM provides Market Analysis Videos and Podcasts, a Forex News Timeline, Education, Market Outlook and an Economic Calendar. Copy trading is provided via FXTM Invest. The minimum trade size is 0.0001 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 Platform | Description |
|---|---|---|
| IQ Option Broker | Web Trader & Apps Trading Platform | IQ Option provides a user friendly platform with support for traders who execute their own trades including a Forex and a Crypto Calendar and has a minimum deposit of $10 and minimum order size of $1 Description |
| FXTM Broker | MT4, MT5 Trading Platform | FXTM provides MT4 and MT5 with a range of account types from Cent (its Micro account) with a low minimum deposit and order size to its Advantage and Advantge Plus accounts and supports EA trading robots Description |
Markets
- FXTM offers Forex, Indices, Energy, Metals and Stocks, with 1000+ available.
- IQ Option offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities, ETFs and Options, with 300+ available.
Cryptocurrency CFDs
- IQ Option offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, Stellar, EOS, Ethereum Classic, Qtum, Zcash, TRON and OmiseGO.
Leverage
Maximum leverage for FXTM (FCA or CySEC regulated) is . Maximum leverage for IQ Option (CySEC regulated) is .
Online trading platforms
FXTM provides MT4 and MT5. IQ Option offers its uer friendly trading platform.
Why FXTM or IQ Option ?
Traders who want to trade on MT4 and MT5 may use FXTM. Traders who want to trade using online trading robots (EAs) can do this at FXTM. Those who want to trade on a user friendly platform designed for the trader who plans and executes their own trades, can do this on the IQ Option platforms. Traders who want to social trade may do so at either, however FXTM provides the FXTM Invest copy trading platform.
Comparison summary
- Each provides CFD trading
- FXTM offers a Micro (Cent) account allowing small trade sizes
- IQ Option has a minimum order size of $1
- Both therefore let the trader trade with smaller account sizes
- FXTM lets the trader use trading robots on MT4 and MT5
- IQ Option has a user friendly trading platform with a range of fundamental analysis tools
- FXTM offers copy trading via FXTM Invest
