IQ Option vs ITRADER - Trading Brokers Comparison

IQ Option vs ITRADER | Online Brokerage Comparison

IQ Option vs ITRADER Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$10Web Trader, Downloaded Platform, Apps 300+
$250MT4200+

IQ Option vs ITRADER Comparison

While these brokers have a similar number of markets to trade, they offer different platforms. IQ Option provides a web trader, a downloaded version of it and apps. ITRADER is an MT4 broker, offering this platform on desktop download, web trader and apps. ITRADER supports automated trading via Expert Advisors on MT4, though MT4 can be used for trading which is not automated. Both brokers have a wide range of cryptos for a CFD broker, though ITRADER has more. IQ Option has a considerably lower minimum deposit ($10 vs $250). ITRADER has a lowest trade size of micro lots, while IQ Option lets the trader place a minimum order size of $1.

Quick comparison

Both offer CFD trading. IQ Option has a web trader/download and apps, while ITRADER offers MT4: download/web trader/apps.

Minimum deposit and key account features

The minimum deposit for IQ Option is $/€/£10. The minimum deposit for ITRADER is $250.

  • IQ Option has Analysis on its trading platform. The minimum order size is $1.
  • ITRADER provides three account types, Silver, Gold and Platinum. The current minimum deposit for Gold and Platinum is available upon request from the account manager assigned to the trader's account. Micro lot trading is offered. An Islamic account is available.
  • ITRADER provides an extensive animated trading course on its website. It also offers eBooks, webinars and daily reviews and provides hedging for all account types. The Gold account additionally provides extra webinars and videos and a dedicated account manager. The Platinum account additionally provides a Free VPS and News Alerts.

Markets

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

Cryptocurrency CFDs

  • IQ Option offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Bitcoin Cash, Ethereum Classic, TRON, QTUM, Zcash, OmiseGO and EOS CFDs.
  • ITRADER offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Bitcoin Cash ABC, Ethereum Classic, TRON, QTUM, Zcash, Monero, Cardano, Bitcoin SV, IOTA, Lisk, NEO, Siacoin, Tether, NEM, Stellar, Bitcoin Gold, Verge, WAVES and Golem CFDs.

Leverage

Maximum leverage for IQ Option (CySEC regulated) is . Maximum leverage for ITRADER (CySEC regulated) is .

Trading Platforms

IQ Option has a web trader, a downloaded version of it and apps. ITRADER provides MT4 on desktop download, web trader and apps.

Why IQ Option or ITRADER ?

Traders who trade crypto CFDs may find both brokers of interest as they offer crypto CFDs based on cryptocurrencies which tend not to be seen as many other CFD brokers, though ITRADER has a wider range. Traders who want to trade crypto or other markets on MT4 will find this platform at ITRADER. IQ Option offers an approachable platform, as a web trader and desktop download. With these brokers the difference in trading platforms is a factor. MT4 is a third party platform with a strong ecosystem, enabling the trader to download and built strategies and indicators and access a community of traders. IQ Option's platform is a platform designed and evolving for the kind of trading and markets this broker offers.

Comparison summary

  • Both offer CFD trading
  • IQ Option has a web trader and desktop download
  • ITRADER provides MT4 as a web trader and desktop download
  • Both offer mobile apps
  • IQ Option has a considerably lower minimum deposit
  • Both have a relatively wide range of crypto CFDs

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