This comparison overview aids users that battle to choose between IQ Option and Plus500 to discover the very best online broker for their trading and investment demands. It examines the highlights of the two brokers side-by-side to aid customers contrast their solution and make a notified decision.
To assist customers choose the right broker between IQ Option and Plus500 to discover the best-suited system, below is a listing of broker’s advantages and disadvantages, followed by a comparison of their primary trading features, including trading systems & tools, charges, mobile trading, deposit & withdrawal, properties, policy, and client support.
IQ Option vs. Plus500: Summary
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”
Plus500 is a reputable CFD online broker licensed by the DFSA. They offer access to a wide range of assets including 2,800 CFDs on stocks & ETFs, cryptos, futures, forex, commodities, and indices. The Plus500 trading platform offers basic trading tools including Technical analysis charts, real-time quotes, quick buy and sell options from the same window and 3 order different types (market, limit stop order).
Plus500 trading fees are average compared to similar forex and CFD brokers. They charge an average spread of 0.8 pips (EUR/USD) without any commission. Plus500 charges non trading fees in the form of overnight fees, currency conversion fees, guaranteed stop order fees, and inactivity fees.
Plus500’s customer service is available 24/7 (even during the weekends and holidays) by phone, email, WhatsApp, and live chat.
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 ($100)
- Competitive spread of 0.8 pips EUR/USD
- Multiple order types and technical indicators
- Excellent customer service
- Negative balance protection
- Intuitive mobile trading app
Cons
- Relatively high fees compared to other brokers
- Limited markets
- Limited charting tools and features
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 3,000 CFDs
- Beginner-friendly trading platform and mobile app
- Low, floating spreads from 0.8 pips EUR/USD
- Advanced (conditional) order types available such as GSOs and TSOs
- Free unlimited demo paper trading account
- Fast account opening
IQ Option vs. Plus500 Comparison
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IQ Option
Plus500
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 500:1 | 1:30 |
| 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) | 0 |
| Deposit Fee | 0 | |
| Inactivity Fee | $10 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 10 EUR | 0 |
| Forex (EUR/USD) | 4.7pip | 0.8 pips |
| Stocks & ETF | 0.48pip | 0 |
| CFD (Gold) | 4.8pip | 7.2 pips |
| Crypto | 127.14pip | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $10 | $100 |
| 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 | 60 |
| CFD Indices & Funds | Over 20 | 430 |
| CFD Stocks | OVer 180 | 1000 |
| CFD Commodities | 9 | 22 |
| CFD Crypto | 19 | 0 |
| CFD Bonds | 0 | 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 vs. Plus500 Comparison Conclusion
The results of our comparison of IQ Option vs. Plus500 are involved the table listed below.
| Broker: | Best For: |
| IQ Option | Forex and CFD trading |
| Plus500 | CFD trading and investing |
Picking the appropriate choice in between IQ Option and Plus500 can be tough. Both on the internet brokers have similarities yet vary pertaining to trading tools, systems & apps, law, down payment & withdrawals, and research and education. Selecting the most effective broker depends on individuals’ trading & financial investment objectives, private 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.