IQ Option vs Plus500 - Online Brokerage Comparison

IQ Option vs Plus500 | CFD Broker Comparison

IQ Option versus Plus500 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$10Web Trader, Downloaded Platform, Apps 300+
$100Web Trader, Downloaded Platform, Apps2000+

IQ Option and Plus500 Comparison

These are both CFD brokers. Plus500 can offer more CFD market to trade, with 2000+ vs 300+ offered by IQ Option. While Plus500 has many more Stocks CFD available, it also has a relatively wide range of other markets such as Commodities and Indices.

Each provides a web trader, a downloaded version of the platform and apps for tablet and mobile. Both web traders (and downloaded platforms) are approachable with clear layouts. Each of these brokers offer demo account attached to the live account, thus the trader can switch to the demo account when they want.

To trade live markets, the trader deposits at least the minimum deposit required by the broker. In the case of Plus500, the minimum deposit is $100, in the case of IQ Option, the minimum deposit is $10.

Quick comparison

Plus500 can offer more CFDs, though both have a similar range of markets to trade. IQ Option has a lower minimum deposit.

Options CFD trading

Both brokers offer options CFD trading. Plus500 has a range of markets available including Forex pairs, while IQ Option offers Forex pairs for Options trading.

Minimum deposit and accounts

The minimum deposit for IQ Option is $/€/£10. The minimum deposit for Plus500 is $/€/£100.

  • IQ Option has analysis on its trading platform.
  • Plus500 offers an Economic Calendar on its website covering news events and potential market effects of this news.

Demo accounts

One feature both have in common is that they offer unlimited demo accounts attached to the live trading platform. This allows the trader to switch between live and demo accounts, for example to test out trading ideas.

Markets

  • IQ Option offers CFD trading in Forex, Metals, Indices, Energy, Soft Commodities, Options, Stocks, ETFs and Cryptocurrencies.
  • Plus500 offers CFD trading in Forex, Metals, Indices, Energy, Soft Commodities, Options, Stocks, ETFs and Cryptocurrencies.

IQ Option offers 85+ Forex pairs, Plus500 offers 55+ Forex pairs.

Cryptocurrency CFDs

  • IQ Option offers Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, TRON, QTUM, Ethereum Classic, OmiseGo, Dash and Zcash CFDs.
  • Plus500 offers Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, TRON, IOTA, NEO, Monero, Stellar and Cardano CFDs.

Leverage

Maximum leverage for IQ Option is . Maximum leverage for Plus500 is .

Platforms

  • IQ Option provides a web trader, a downloaded version of this platform and apps for tablet and mobile. It has a clear platform layout and 10+ technical indicators.
  • Plus500 provides a web trader, a downloaded version of this platform and apps for tablet and mobile. It has a clear platform layout and 95+ technical indicators. Plus500 offers more chart price types.

Why IQ Option or Plus500 ?

Both have features for both beginners and more advanced traders. Plus500 has a range and depth in its offering of CFDs, but IQ Option also has a relatively wide range as well and can offer a few more cryptocurrency CFDs. Each has a clear platform layout, though Plus500 can offer more technical indicators and has a simplified layout.

IQ Option has a relatively low minimum deposit and allows a minimum order size of $1, thus it may suit a trader who wishes to trade with a small account size, though at $100, Plus500 does not have a high minimum deposit requirement relative to other brokers.

It could be said that both of these brokers provide a trading platform experience aimed at discretionary human traders who make their own trading decision, with Plus500 perhaps having more features for advanced traders (for example with its offering of technical indicators and markets) as well as beginners while IQ Option has features for beginners (for example its low minimum deposit and order size) but can also accommodate more advanced traders.

Comparison summary

  • Both offer CFD trading
  • Plus500 can provide more CFDs to trade (2000+ vs 300+)
  • Both brokers have a similar range of markets
  • Each offers a web trader, a downloaded platform and apps for tablet and mobile
  • IQ Option has a lower minimum deposit ($10 vs $100)
  • Both brokers have a demo account which can be accessed from the live account

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