FXTM vs IQ Option - Compare Trading Brokers

FXTM vs IQ Option | Online Brokerage Comparison

FXTM vs IQ Option Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$5MT4, MT5250+
$10Web Trader, Downloaded Platform, Apps300+

FXTM vs IQ Option Comparison

Both brokers have a low minimum deposit. FXTM offers a Cent account, with its lowest minimum deposit. This 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.

On most of its accounts, FXTM has less markets to trade than IQ Option, but when FXTM's Shares CFD account is taken into consideration, they have a similar number (i.e. FXTM separates its Stocks CFD into a separate account which has a higher minimum deposit, while IQ Option keeps them together). This said, IQ Option has a relatively wide range of markets to trade.

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 from STP/ECN to Cent. 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 $5. The minimum deposit for IQ Option is $10.

  • FXTM provides three Standard accounts. These are the Standard, Cent and Shares accounts. The minimum deposit for the Cent account is $/€/£5 or ₦1,000 and the minimum deposit for the Standard and Shares account is $/€/£100 or ₦20,000. These are instant execution accounts (they are not no dealing desk). Micro lot trading is available for all account types. Scalping is allowed only on the ECN accounts. FXTM provides a range of tools, including signals, daily market analysis, news and an economic calendar.
  • FXTM offers a number of ECN accounts. There include the FXTM ECN Account, the ECN Zero, the FXTM ECN MT5, the Strategy Account, FXTM Pro and FXTM Pro MT5. The ECN and MT5 accounts charge commissions, the others do not. The minimum deposit for the ECN Zero account is $/€/£200 or ₦20 000, the minimum deposit for the FXTM ECN MT5 account is $/€/£500 or ₦20,000, the minimum deposit for the Strategy Account is $/€/£100 and the minimum deposit for the FXTM Pro accounts is $/€/£25,000 or ₦5,000,000.
  • IQ Option has Analysis on its trading platform. The minimum order size is $1.

Markets

  • FXTM can offer slightly different numbers of CFD instruments for each ECN account types, which can be between 35+ and 60+. The FXTM ECN account offers 60+. All the accounts provide Forex and Precious Metals, the FXTM ECN account can also offer Energy and Indices.
  • For the non-ECN accounts, FXTM can offer more CFD instruments on the Standard account, with 75+ covering Forex, Precious Metals, Energy and Indices. The Cent account offers less, at 25+, covering Forex and Precious Metals. FXTM also has a non-ECN account which provides 180+ Shares CFDs. The total is 250+ across all accounts.
  • IQ Option offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, Soft Commodities, ETFs and Options, with 300+ available.

Cryptocurrency CFDs

  • IQ Option offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, DASH, 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 .

Platforms

FXTM provides MT4 and MT5. IQ Option offers its trading platform.

Why FXTM or IQ Option ?

For traders who wish to trade using both automated and non-automated approaches, then FXTM offers MT4 and MT5 and STP/ECN accounts. IQ Option provides a user friendly platform designed for those who make their own trading decisions. Both allow the trader to trade with smaller accounts sizes.

Comparison summary

  • Each provides CFD trading
  • FXTM offers a 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 (human) user friendly trading platform

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