| Online Broker | Minimum Deposit | Trading Platforms | Markets | 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 $1 minimum order size About |
| IronFX | $50 Minimum Deposit | MT4 Trading Platform | 200+ Markets To Trade | IronFX offers trading on MT4 with a wide range of account types for this platform and allows automated trading with robots and copy trading and has a Cent account About |
IQ Option vs IronFX Comparison
Both of these brokers offer CFD trading. They have a similar number of markets (300+ vs 200+). 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 $50.
- IQ Option has Market Analysis, News, a Forex Calendar, an Earnings Calendar and a Crypto Calendar on its trading platform and allows the trader to create indicators. The minimum order size is $1 (or 0.001 lots).
- IronFX offers a range of account types and services. These include a Standard account which has a minimum deposit of $50, 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. There is additionally a Cent account, which offers small trade sizes and has a minimum deposit of $50. Social and copy trading is provided via Myfxbook AutoTrade and TradeCopier. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots and the Cent account where it is 0.0001 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 accounts, 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 Manager, 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.
| Broker | Trading Platforms | Description |
|---|---|---|
| IQ Option Broker | Web Trader & Apps Trading Platforms | IQ Option provides trading on a user friendly platform with a range of integrated analysis tools and has a $10 minimum deposit and $1 minimum order size Description |
| IronFX Broker | MT4 Trading Platform | IronFX offers trading on MT4, with a wide range of account types for this platform, including fixed spreads and STP/ECN and provides copy trading platforms and a Cent account Description |
Cryptocurrency CFDs
- IQ Option offers Bitcoin, Ethereum, Litecoin, Ripple, EOS, Stellar, Tron, OmiseGO, Bitcoin Cash, Dash, Ethereum Classic, Qtum and Zcash CFDs.
- IronFX offers Bitcoin, Ethereum, Litecoin, Ripple, EOS, Stellar, Tron, OmiseGO, Bitcoin Cash, Cardano, Dogecoin, Polkadot, Uniswap, Iota, Ethereum Classic, Bitcoin Cash, Solana, Internet Computer Protocol and IOST CFDs.
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 IronFX ?
Traders who want to trade on MT4 may do so at IronFX. Traders who want to trade on a user friendly platform may do so at IronFX. Traders who want to trade using online trading robots, can do this at IronFX. Traders who want to trade with a low minimum order size can do so at IQ Option ($1 or 0.001 lots) or IronFX (on its Cent account). Traders who want to copy trade can do so at IronFX.
Comparison summary
- Both offer CFD trading
- IronFX provides MT4
- IQ Option offers a user friendly platform
- IronFX allows online trading robots (on MT4)
- IQ Option has a low minimum order size ($10 or 0.001 lots)
- IronFX offers copy trading platforms
