IC Markets vs IQ Option - Compare Trading Brokers

IC Markets vs IQ Option | Online Brokerage Comparison

IC Markets vs IQ Option Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$200MT4, MT5, cTrader230+
$10Web Trader, Downloaded Platform, Apps300+

IC Markets vs IQ Option Comparison

IC Markets is an ECN broker, offering platforms aimed at traders who wish to trade in this environment, for example traders who let robots trade on their behalf. To this end, it offers MT4, MT5 and cTrader. All these platforms allow the trader to both use automated trading and to use, build and run robots to trade on their behalf, executing automated trading strategies via algorithms.

To support this kind of trading, IC Markets uses Equinix infrastructure to help deliver high speed order execution and uses its ECN to access liquidity. IC Markets offers more than Forex, as it actually has a rather wide number of markets, particularly for an ECN broker, with 230+ (the bulk of which are Stocks CFDs) and can be used by traders who make their own trading decisions.

IQ Option has developed its platform over a series of iterations to support traders who make their own trading decisions. IQ Option offers a similar number of CFD markets to trade. As it has a small minimum order size of $10, IQ Option can offer a low minimum deposit of $10.

Quick comparison

IC Markets is an ECN broker offering MT4, MT5 and cTrader supporting both automated and non-automated trading. IQ Option provides a user friendly trading platform and has a lower minimum deposit.

Minimum deposit and key account features

The minimum deposit for IC Markets is $200. The minimum deposit for IQ Option is $10.

  • IC Markets offers four account types. These are Standard, True ECN, Islamic (Swap Free) and the cTrader ECN account. IC Markets provides Forex news, video tutorials and and economic calendar on its website. IC Markets uses Equinix NY4 and London LD5 Servers to deliver low latency trading conditions and has micro (0.01) lot trading.
  • IC Markets's Standard account does not charge a commission, but the True ECN account charges a commission. The cTrader ECN also charges commissions. IC Markets says that the True ECN and cTrader accounts are more suited to EAs and Scalpers, but all trading styles are welcome on each account type.
  • IQ Option has Analysis on its trading platform. The minimum order size is $1.

Markets

  • IC Markets offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Stocks, ETFs, Precious Metals and Bonds, with 230+ available on MT5. On MT4, IC Markets offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities and Precious Metals, with 100+ available.
  • IQ Option offers Forex, Indices, Energy, Cryptocurrencies, Soft Commodities, Stocks, ETFs, Metals and Options, with 300+ available.

Cryptocurrency CFDs

  • IC Markets provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, DASH, EOS, Emercoin, Namecoin and Peercoin.
  • IQ Option offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, DASH, EOS, Ethereum Classic, QTUM, Zcash, TRON and OmiseGO.

Leverage

Maximum leverage for IC Markets (ASIC regulated) is 500:1. Maximum leverage for IQ Option (CySEC regulated) is .

Platforms

IC Markets provides MT4, MT5 and cTrader. IQ Option offers a web trader and a downloaded version of it. Both have apps for tablet and mobile.

Why IC Markets or IQ Option ?

For trader who wish to trade using Expert Advisors (MT4 and MT5) or cBots (cTrader), IC Markets offers the platforms and trading environment to support them. For traders who wish to access 300+ CFDs on a user friendly platform, IQ Option offers this and has developed it over a series of iterations. Such traders can also use IC Markets and may appreciate its high speed order no dealing desk intervention order processing (which may suit some human executed trading strategies). With a minimum trade size of 0.01 lots, IC Markets has a minimum deposit of $200. IQ Option allows the trader to trade with a minimum order size down to $1, and has thus a low minimum deposit of $10.

Comparison summary

  • Both offer CFD trading
  • IQ Option has a user friendly trading platform
  • IC Markets offers MT4, MT5 and cTrader
  • IC Markets supports the use of Expert Advisors and cBots
  • IQ Option has a low minimum deposit and order size

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