Page Summary
In this article, we reviewed two leading forex brokers that are highly recommended for professional traders. IC Markets is highly regulated and offers access to reliable mobile apps and several trading instruments for the best experience.
After analyzing and testing their demo accounts, we came to the following conclusions. Read on to discover an accurate comparison between two of the leading forex brokers.
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IC Markets
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IQ Option
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:500 | 500:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | No | 0 (*currency conversion fee might apply) |
| Deposit Fee | No | |
| Inactivity Fee | 0 | |
| Cost Per Trade | $3.5 per lot | 0 |
| Cost Per Month | 0 | 10 EUR |
| Forex (EUR/USD) | 1.2 pips | 4.7pip |
| Stocks & ETF | 0 | 0.48pip |
| CFD (Gold) | 0 | 4.8pip |
| Crypto | 0 | 127.14pip |
| Options | 0 | 0 |
| Conversion Fees | 0.01% | 0 |
| Misc. Fees | 0 | |
| Overnight Fees | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $200 | $10 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | Over 180 |
| ETF & Funds | 40 | 0 |
| Crypto | 0 | 19 |
| Commodities | 0 | 9 |
| Indices | 0 | 9 |
| Options | 0 | Over 40 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 75 | Over 30 |
| CFD Indices & Funds | 25 | Over 20 |
| CFD Stocks | 2100+ | OVer 180 |
| CFD Commodities | 28 | 9 |
| CFD Crypto | 13 | 19 |
| CFD Bonds | 9 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
IQ Option compared to other brokers
- IQ Option vs Plus500
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- IQ Option vs Expert Option
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- IQ Option vs TD Ameritrade
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- IQ Option vs XM
- IQ Option vs IC Markets
- IQ Option vs Degiro
- IQ Option vs Axitrader
- Withdraw money from IQ Option
- Is IQ Option a scam?
- IQ Option demo account
- How to trade with IQ Option?
General Risk Warning:
The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
Disclaimer:
This material is not intended for viewers from EEA countries. Binary options are not promoted or sold to retail EEA traders.