Page Summary
This article reviews two leading brokers that we highly recommend for both professional and beginner traders. XM.com is highly regulated and offers access to reliable mobile apps with low spreads for the best experience. These brokers have some of the lowest minimum deposit and trading fees available.
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 brokers.
Select up to 3 Brokers
XM
IQ Option
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:888 | 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 | 0 | 0 (*currency conversion fee might apply) |
| Deposit Fee | 0 | |
| Inactivity Fee | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 10 EUR |
| Forex (EUR/USD) | 1.6 pips | 4.7pip |
| Stocks & ETF | 0,1% – (min $5) | 0.48pip |
| CFD (Gold) | 3 pips | 4.8pip |
| Crypto | 127.14pip | |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5 | $10 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 100 | Over 180 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 19 |
| Commodities | 0 | 9 |
| Indices | 0 | 9 |
| Options | 0 | Over 40 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 55 | Over 30 |
| CFD Indices & Funds | 14 | Over 20 |
| CFD Stocks | 1286 | OVer 180 |
| CFD Commodities | 14 | 9 |
| CFD Crypto | 5 | 19 |
| 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 compared to other brokers
- IQ Option vs Plus500
- IQ Option vs eToro
- IQ Option vs Expert Option
- IQ Option UAE
- IQ Option vs IG
- IQ Option vs Pepperstone
- IQ Option vs TD Ameritrade
- IQ Option vs AVAtrade
- 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.