IQ Option vs USGFX - Compare Trading Brokers

IQ Option vs USGFX | Online Brokerage Comparison

IQ Option vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$10Web Trader, Downloaded Platform, Apps300+
$100MT4, MT560+

IQ Option vs USGFX Comparison

IQ Option provides a trading platform designed to assist the human trader. USGFX offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), each of which allow the trader to trade and make their own decisions and let automated trading strategies execute trades on their behalf (MT5 is the successor to MT4).

IQ Option also supports another feature of the way a human might trade, by letting them trade with smaller account sizes (by setting a low minimum deposit and allowing a minimum order size of $1). IQ Option has more markets to trade than USGFX.

Quick comparison

USGFX is an MT4 and MT5 broker while IQ Option offers its web platform designed for the human trader.

Minimum deposit and key account features

The minimum deposit for IQ Option is $10. The minimum deposit for USGFX 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.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest available on the VIP account. UGSFX support social and copy trading via ZuluTrade and Myfxbook. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which offers trading ideas), analysis, an economic calendar and an Education Center on its website with webinars, seminars, a trading guide and Blog and contests. A minimum deposit of $10,000 provides access to the Trader's Club which offers features including personalised coaching, market research and commentary, premium trading tools and services and structured education.

Markets

  • IQ Option offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks, Soft Commodities, ETFs and Options, with 300+ available.
  • USGFX offers Forex, Indices, Energy, Crypotocurrencies and Metals, with 60+ available.

Cryptocurrency CFDs

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

Leverage

Maximum leverage for IQ Option (CySEC regulated) is . Maximum leverage for USGFX (ASIC regulated) is 500:1.

Online trading platforms

IQ Option provides its trading platform while USGFX offers MT4 and MT5.

Why IQ Option or USGFX ?

Traders who wish to trade using automated trading strategies, that is to let trading robots trade on their behalf may do so at USGFX, which offers STP/ECN trading and both MT4 and MT5, each of which let the trader use Expert Advisors (EAs). EAs are MT4 and MT5 trading robots. However the human trader who makes their own decisions to execute trades, may wish to consider IQ Option as it has a trading platform designed with them in mind, over a number of design iterations. IQ Option also has more markets to trade (the automated trader may want to focus on Forex trading, for example and may not be that concerned with other markets) and actually has a relatively wide range of types of markets, compared with other brokers. This said MT4 and MT5 both allow the trader to trade by executing their own trades and offers tools to assist the human trader in their decisions (as does USGFX and IQ Option).

Comparison summary

  • Both brokers offer CFD trading
  • USGFX is an MT4 and MT5 broker
  • USGFX lets the trader use Expert Advisors
  • USGFX is an STP/ECN broker
  • IQ Option provides a human friendly trading platform
  • IQ Option offers more markets to trade
  • IQ Option has a lower minimum deposit

Search this site

Translate