IQ Option vs UFX - Trading Brokers Comparison

IQ Option vs UFX | CFD Broker Comparison

IQ Option vs UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$10Web Trader, Downloaded Platform, Apps300+
$100MT5, ParagonEx, Apps450+

IQ Option vs UFX Comparison

Both of these brokers offer user friendly trading platforms to assist the human trader when making trading decisions. UFX provides ParagonEx which has a crowd trading news feed. This feed has news about markets and market events along with the reactions and sentiments of trader (the crowd) to these liquidity events.

IQ Option has a very low minimum deposit, this is because it offers a very low minimum order size of $1 (thus it is possible to trade with smaller account sizes). On its Micro account, UFX has small trade sizes. For a higher minimum deposit than its ParagonEx accounts, UFX provides MT5.

Quick comparison

Both brokers offer accessible trading platforms. UFX's platform has a crowd trading news feed. IQ Option has a low minimum deposit.

Minimum deposit and key account features

The minimum deposit for IQ Option is $10. The minimum deposit for UFX is $100.

  • IQ Option has Market Analysis, News, a Forex Calendar, an Earnings Calendar and a Crypto Calendar on its trading platform. The minimum order size is $1.
  • UFX provides CFD trading on six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types offer daily market reviews, a video library, daily recommendations and 24hr live support. Mini, Standard, Gold and Platinum accounts also have VIP trading support. Standard, Gold and Platinum additionally receive exclusive updates. Gold and Platinum also have access to MT5. Trading Central is available for traders who deposit at least $1000 into their account. At UFX there is a one minute minimum time after a position has been opened until it can be closed.

Markets

  • IQ Option offers Forex, Indices, Energy, Soft Commodities, Stocks, ETFs, Metals, Cryptocurrencies and Options, with 300+ available.
  • UFX offers Forex, Indices, Energy, Soft Commodities, Stocks, ETFs and Metals, with 450+ available.

IQ Option provides 45+ Forex pairs, UFX provides 45+ Forex pairs.

Cryptocurrency CFDs

  • IQ Option offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, Ethereum Classic, QTUM, Zcash, TRON, OmiseGO and EOS CFDs.

Leverage

Maximum leverage for IQ Option is . Maximum leverage for UFX is

Online trading platforms

IQ Option offers its trading platform. UFX provides the ParagonEx platform and MT5. Both offer mobile apps.

Why IQ Option or UFX ?

For traders who make their own trading decisions, both brokers offer accessible user friendly clear trading platforms. Traders may find the views and activities of other traders as a crowd (rather than as individual traders) helpful to their analysis and UFX provides this as a crowd trading news feed on its ParagonEx platform. On its higher account types, requiring a higher minimum deposit, UFX also provides the MetaTrader 5 (MT5) platform. Traders who wish to trade with lower account sizes may do so at IQ Option as it has both a low minimum deposit and a low minimum order size of $1. UFX also offers low trade sizes down to 0.0025 lots on its Micro account, but has a higher minimum deposit.

Comparison summary

  • Each offers CFD trading
  • Both provide trading platforms designed for human traders
  • UFX's ParagonEx has a crowd trading news feed to help inform trading decisions
  • For a higher minimum deposit, UFX also provides MT5
  • IQ Option lets traders trade with a very low position size of $1 and has a low minimum deposit ($10)

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