This comparison overview aids individuals that struggle to pick between IQ Option and OandA to locate the best online broker for their trading and financial investment requirements. It examines the highlights of both brokers alongside to help customers contrast their solution and make a notified choice.
To assist customers choose the appropriate broker in between IQ Option and OandA to find the best-suited system, below is a checklist of broker’s advantages and disadvantages, complied with by a contrast of their major trading features, consisting of trading systems & tools, fees, mobile trading, down payment & withdrawal, properties, law, and consumer assistance.
IQ Option vs. OandA: Summary
![IQ Option logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/IQ-Option.png)
IQ Option is a well established online broker great for users looking to trade forex, options and CFDs on a intuitive trading platform. Their well rounded offer consists of low spreads, a sophisticated trading platform, free demo account option, and responsive customer support in English language. They offer islamic accounts and copy trading in Arabic language which allows you to copy portfolios from seasoned investors and traders.
IQ Option is a trustworthy and reliable market maker broker and subject to the highest standards of regulation in the industry. Options trading is no longer available.
“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”
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”
![Oanda logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/Oanda.png)
OandA is a reputable forex and CFD forex broker founded in 1996. It is regulated by seven tier-one regulators and therefore considered safe. Their users have access to 124 tradable instruments including 71 forex pairs and a handful of CFDs on cryptos. Traders can choose between a proprietary platform (web and desktop version), MT4 and MT5. Their trading platform has an intuitive design, offers automated trade execution and multiple features for algorithmic and social trading. Market research features are powered by TradingView.
OandA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 1.26 pips EUR/USD on their standard account.
OandA’s customer service is available during office hours by email, live chat (chatbot) and phone.
Pros
- Multi-chart platform layout with technical analysis
- Fast trade execution
- 24/7 customer support in Arabic and English
- Free demo account with $10.000 virtual money
- Leverage of up to 1:1000
Cons
- Trading fees are above industry average
- Inactivity fee $10/90days
Pros
- Low minimum deposit ($0)
- Competitive average spread from 1.2 pips (EUR/USD)
- MT4, MT5 and TradingView integration
- Broad range of research and analysis tools
- Feature rich mobile app
Cons
- Limited assets
- Only CFD and forex trading available
- Customer support is only available during office hours
- Inactivity fees
Key features
- Access to a wide variety of markets
- Great research and education tools
- User friendly platform
- $10 minimum deposit and $1 minimum trade requirement
- Access to 3000+ tradable symbols
Key features
- Access to 124 tradable symbols including 71 forex pairs
- Low minimum deposit ($0)
- Real-time currency conversion
- MetaTrader 4 and 5 integration
- Free VPS server
- Trading fee and wire transfer discounts for professional traders
IQ Option vs. OandA Comparison
Select up to 3 Brokers
![IQ option](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/05/IQ-option-logo.png)
IQ Option
![Oanda logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/Oanda.png)
Oanda
BROKER COMPARISON
![IQ option](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/05/IQ-option-logo.png)
![Oanda logo](https://ik.imagekit.io/jpioohtxv/business247/wp-content/uploads/2022/04/Oanda.png)
Trading Platform & Tools
Automated Trading | ||
Charting Tools | ||
Conditional Orders | ||
cTrader | ||
Demo Account | ||
Desktop Platform | ||
Max Leverage | 500:1 | 1:50 |
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 | 0 (*currency conversion fee might apply) | $20 + Fee |
Deposit Fee | 0 | |
Inactivity Fee | $10 a month after 12 months | |
Cost Per Trade | 0 | 0 |
Cost Per Month | 10 EUR | 0 |
Forex (EUR/USD) | 4.7pip | 1.3 |
Stocks & ETF | 0.48pip | 0 |
CFD (Gold) | 4.8pip | 31 |
Crypto | 127.14pip | 0 |
Options | 0 | 0 |
Conversion Fees | 0 | 0 |
Misc. Fees | 0 | 0 |
Overnight Fees |
Deposit & Withdrawal
Minimum deposit (in UAE) | $10 | 0 |
Bank Wire | ||
Credit/Debit Card | ||
Cash | ||
Check | ||
Islamic Account Transfer | ||
E-payments | ||
Paypal | ||
Skrill | ||
Neteller |
Assets
Shares | Over 180 | 0 |
ETF & Funds | 0 | 0 |
Crypto | 19 | 0 |
Commodities | 9 | 0 |
Indices | 9 | 0 |
Options | Over 40 | 0 |
Futures | 0 | 0 |
Bonds | 0 | 0 |
Forex Instruments | Over 30 | 70 |
CFD Indices & Funds | Over 20 | 12 |
CFD Stocks | OVer 180 | 0 |
CFD Commodities | 9 | 35 |
CFD Crypto | 19 | 0 |
CFD Bonds | 0 | 3 |
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 vs. OandA Comparison Conclusion
The outcomes of our comparison of IQ Option vs. OandA are wrapped up in the table listed below.
Broker: | Best For: |
IQ Option | Forex and CFD trading |
OandA | Forex and CFDs |
Picking the right choice in between IQ Option and OandA can be tough. Both on the internet brokers have resemblances however differ regarding trading tools, systems & apps, policy, deposit & withdrawals, and study and education. Choosing the very best broker relies on customers’ trading & financial investment objectives, individual preferences, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.