Compare IQ Option vs AvaTrade
What is IQ Option? What is AvaTrade ?
IQ Option is an award-winning mobile trading platform that provides clients with an opportunity to trade 200+ assets, including currencies, indices, commodities, stocks and crypto. It has a clean and intuitive interface, created to meet the needs of the most demanding traders. It also offers a free demo account, a minimum deposit of $20, and various tools and indicators for analysis and risk management.
AvaTrade is a regulated broker that offers CFDs on FX, stocks, commodities, crypto, indices and options. It has a wide choice of platforms for traders of all levels, including AvaTradeGO, WebTrader, AvaSocial, AvaOptions and MetaTrader 4/5. It also offers a free demo account, tight spreads, no commissions, up to 400:1 leverage and 24/7 support.
IQ Option vs AvaTrade Regulation Comparison
IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Israel Securities Authority (ISA), the Financial Futures Association of Japan (FFAJ) and the Financial Services Agency of Japan (FSA).
AvaTrade is regulated by nine international jurisdictions, including the Central Bank of Ireland (CBI), the Australian Securities and Investments Commission (ASIC), the South Africa’s Financial Sector Conduct Authority (FSCA), the British Virgin Islands Financial Services Commission (BVIFSC), the Abu Dhabi Global Markets Financial Services Regulatory Authority (ADGM/FSRA), the Investment Industry Regulatory Organization of Canada (IIROC – Friedberg Direct), the Cyprus Securities and Exchange Commission (CySEC), the Israel Securities Authority (ISA) and the Financial Futures Association of Japan (FFAJ).
IQ Option vs AvaTrade Trading Assets Comparison
IQ Option offers over 200 assets to trade on its platform, including:
- Currencies: over 50 major, minor and exotic pairs
- Stocks: over 170 companies from around the world
- Commodities: gold, silver, oil and more
- Indices: over 20 global indices
- Cryptocurrencies: over 20 digital currencies
- Options: FX options with up to 95% payout
AvaTrade offers over 1,250 assets to trade on its platforms, including:
- Currencies: over 60 major, minor and exotic pairs
- Stocks: over 600 companies from around the world
- Commodities: over 25 hard and soft commodities
- Indices: over 20 global indices
- Cryptocurrencies: over 10 digital currencies
- Options: vanilla options with over 260 expirations
IQ Option vs AvaTrade Trading Fees Comparison
IQ Option does not charge any commissions or fees on its trades. It makes money from the spreads, which are the difference between the bid and ask prices of an asset. The spreads vary depending on the asset, market conditions and account type. IQ Option also charges an inactivity fee of $10 per month after 90 days of no trading activity.
AvaTrade also does not charge any commissions or fees on its trades. It makes money from the spreads, which are fixed or variable depending on the asset, market conditions and account type. The spreads start from as low as 0.9 pips for some currency pairs. AvaTrade also charges an inactivity fee of $50 per quarter after three months of no trading activity.
IQ Option vs AvaTrade Account Types Comparison
IQ Option offers two types of accounts for its clients:
- Standard Account: requires a minimum deposit of $20 and gives access to all assets and features on the platform.
- VIP Account: requires a minimum deposit of $3,000 and gives access to additional benefits such as higher payouts, personal account manager, monthly reports and exclusive webinars.
AvaTrade offers four types of accounts for its clients:
- Standard Account: requires a minimum deposit of $100 and gives access to all assets and features on the platform.
- Professional Account: requires meeting certain criteria such as trading experience, knowledge and portfolio size and gives access to higher leverage and lower margin requirements.
- Islamic Account: requires a minimum deposit of $100 and complies with Sharia law by not charging or paying any interest or swap fees.
- Demo Account: requires no deposit and gives access to $100,000 in virtual funds for practice purposes.
IQ Option vs AvaTrade Deposit Options Comparison
IQ Option supports a wide range of payment methods for depositing and withdrawing funds, such as:
- Credit/debit cards: Visa, Mastercard, Maestro
- E-wallets: Skrill, Neteller, WebMoney, AdvCash, Perfect Money
- Bank wire transfer
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin and more
AvaTrade also supports a wide range of payment methods for depositing and withdrawing funds, such as:
- Credit/debit cards: Visa, Mastercard
- E-wallets: Skrill, Neteller, WebMoney
- Bank wire transfer
- Cryptocurrencies: Bitcoin, Ethereum, Ripple and more
IQ Option vs AvaTrade Trading Platforms Comparison
IQ Option offers a variety of platforms for traders of all levels, such as:
- IQ Option App: a mobile app for Android and iOS devices that allows trading on the go with a user-friendly interface and advanced features.
- WebTrader: a web-based platform that does not require any download and can be accessed from any browser with an internet connection.
- MetaTrader 4: a popular desktop platform that offers advanced charting, analysis and automation tools for experienced traders.
AvaTrade also offers a variety of platforms for traders of all levels, such as:
- AvaTradeGO: a mobile app for Android and iOS devices that allows trading on the go with a user-friendly interface and advanced features such as AvaProtect.
- WebTrader: a web-based platform that does not require any download and can be accessed from any browser with an internet connection.
- AvaSocial: a social trading app that allows copying the trades of other successful traders or sharing your own trades with the community.
- AvaOptions: a desktop platform that allows trading vanilla options with over 260 expirations and various strategies.
- MetaTrader 4/5: popular desktop platforms that offer advanced charting, analysis and automation tools for experienced traders.
IQ Option vs AvaTrade Analytical Tools Comparison
IQ Option and AvaTrade both provides various tools and indicators for analysis and risk management, such as:
- News Feed: provides the latest market news and updates from reputable sources.
- Economic Calendar: provides information on upcoming economic events and their potential impact on the markets.
- Price Alerts: allows setting notifications for when an asset reaches a certain price level.
- Technical Indicators: provides over 100 widely-used indicators for technical analysis, such as moving averages, oscillators, trend lines and more.
- Risk Management Tools: provides features such as Stop Loss/Take Profit, Negative Balance Protection and Trailing Stop to manage losses and profits at the levels you set.
IQ Option vs AvaTrade . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, level of experience, risk appetite and other factors. However, here are some general guidelines that can help you decide:
- If you are looking for a mobile-friendly platform with a simple and intuitive interface, you may prefer IQ Option.
- If you are looking for a regulated broker with a wide choice of platforms and assets, you may prefer AvaTrade.
- If you are looking for a low minimum deposit and high payouts on options, you may prefer IQ Option.
- If you are looking for tight spreads and no commissions on CFDs, you may prefer AvaTrade.
- If you are looking for a social trading app that allows copying other traders, you may prefer AvaTrade.
- If you are looking for a platform that allows trading vanilla options with various strategies, you may prefer AvaTrade.
Ultimately, the best way to find out which broker is right for you is to try them out for yourself. You can open a free demo account with both brokers and test their platforms and services before making a decision. You can also compare their features and fees in more detail on their website or by contacting their customer support.
