IQ Option vs IronFX Comparison - Trading Brokers Comparison

IQ Option vs IronFX | Online Brokerage Comparison

IQ Option vs IronFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$10Web Trader, Downloaded Platform, Apps 300+
$100MT4 (Desktop, Web Trader & Apps)200+

IQ Option vs IronFX Comparison

Both of these brokers offer CFD trading. They have a similar number of markets (300+ vs 200+). IQ Option has a low minimum order size of $1 (IronFX's minimum trade size is micro lots). IronFX is an MT4 broker and offers STP/ECN accounts, supporting traders who wish to user automated trading strategies (robots). IronFX also has a range of other accounts with different features and different minimum deposits. IQ Option has the lowest minimum deposit, at $10. IQ Option offers a web trader and apps, and also has a desktop download of its platform. IronFX provides MT4 desktop download, an MT4 web trader and MT4 apps.

Quick comparison

IQ Option offers an accessible web trader platform (also available as a download). IronFX provides MT4 with support for automated trading, and STP/ECN accounts in addition to a range of other account types.

Minimum deposit and key account features

The minimum deposit for IQ Option is $/€/£10. The minimum deposit for IronFX is $100.

  • IQ Option has Analysis on its trading platform. The minimum order size is $1.
  • IronFX offers a range of account types and services. These include a Micro account which has a minimum deposit of $100, a Premium account with a minimum deposit of $2,500 and a VIP account with a minimum deposit of $20,000. These three account types are available with fixed or variable spreads and the spreads can be tighter on higher account types.
  • IronFX offers a range of account types and services. These include a Micro account which has a minimum deposit of $100, a Premium account with a minimum deposit of $2,500 and a VIP account with a minimum deposit of $20,000. These three account types are available with fixed or variable spreads and the spreads can be tighter on higher account types. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots.
  • IronFX also offers a Zero Fixed Spread account. This provides zero spreads for some markets, with commissions charged. As well, IronFX offers STP/ECN accounts with or without commissions. It also has an STP/ECN Absolute Zero account, with spreads from zero, with no commission charge. For the Zero Fixed Spread account and the STP/ECN account, the minimum deposit is $500. The minimum deposit for the Absolute Zero account is upon request to the account manager.
  • All IronFX accounts offer a dedicated account manger, technical analysis reports, investor education tools and private one-on-one trading guidance. The Premium, VIP, STP/ECN No Commission and STP/ECN Zero Spread accounts also offer a dealing department transaction hotline.

Markets

  • IQ Option offers Forex, Metals, Indices, Energy, Soft Commodities, Stocks, Cryptocurrencies, ETFs and Options, with 300+ available.
  • IronFX offers Forex, Metals, Indices, Energy, Soft Commodities, Stocks and Cryptocurrencies, with 200+ available.

IQ Option provides 85+ Forex pairs, IronFX provides 120+ Forex pairs.

Cryptocurrency CFDs

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

Leverage

Maximum leverage for IQ Option (CySEC regulated) is . Maximum leverage for IronFX (FCA or CySEC regulated) is .

Trading Platforms

IQ Option provides a web trader and apps including a desktop download. IronFX offers MT4 desktop, web trader and apps.

Why IQ Option or 24Option ?

While each offers CFD trading, IronFX has support for automated trading on MT4. IQ Option provides an accessible web trading platform for traders who make their own trading decisions (though MT4 can be used this way as well and IronFX offers an MT4 web trader). IQ Option allows very small order sizes and has a low minimum deposit, letting traders trade with small account sizes. However IronFX offers micro lots and does not have a large minimum deposit (it also offers other account types with higher minimum deposits and lower spreads).

Comparison summary

  • Both offer CFD trading
  • They have a similar number of markets
  • IronFX provides MT4, desktop, web trader and apps
  • IQ Option offers a web trader and apps, including desktop download
  • IQ Option has a lower minimum deposit
  • IronFX supports the use of Expert Advisors on MT4 and offers STP/ECN trading

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