Compare IQ Option vs ForexMart
What is IQ Option? What is ForexMart ?
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 cryptocurrencies. It has a clean and intuitive interface, created to meet the needs of the most demanding traders.
ForexMart is an online forex broker that offers trading in forex, shares, metals and crypto. It has a web trader, a mobile app and a MetaTrader 4 platform for its clients. It also offers partnership programs and copytrade system for passive income.
IQ Option vs ForexMart Regulation Comparison
IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 247/14. It also complies with the European Securities and Markets Authority (ESMA) regulations and the Financial Conduct Authority (FCA) rules.
ForexMart is also regulated by CySEC under license number 266/15. It is a member of the Investor Compensation Fund (ICF) and follows the Markets in Financial Instruments Directive (MiFID) standards.
IQ Option vs ForexMart Trading Assets Comparison
IQ Option offers trading in more than 200 assets, including 50+ currency pairs, 100+ stocks, 25+ indices, 10+ commodities and 20+ cryptocurrencies. It also offers CFDs on ETFs.
ForexMart offers trading in 100+ assets, including 40+ currency pairs, 50+ stocks, 5 metals and 4 cryptocurrencies. It does not offer CFDs on indices, commodities or ETFs.
IQ Option vs ForexMart Trading Fees Comparison
IQ Option charges variable spreads depending on the market conditions and the asset type. The average spread for EUR/USD is 0.7 pips. It does not charge commissions or swap fees. It also offers zero spreads for some assets.
ForexMart charges fixed or variable spreads depending on the account type. The average spread for EUR/USD is 2 pips for the standard account and 0.6 pips for the zero spread account. It does not charge commissions but it charges swap fees for overnight positions. It also offers swap-free accounts for Islamic traders.
IQ Option vs ForexMart Account Types Comparison
IQ Option offers two types of accounts: a standard account and a VIP account. The standard account requires a minimum deposit of $20 and allows access to all the trading instruments and features. The VIP account requires a minimum deposit of $3,000 and offers additional benefits such as personal manager, higher profitability rates and free tournament participation.
ForexMart offers three types of accounts: a standard account, a zero spread account and an ECN account. The standard account requires a minimum deposit of $15 and allows trading with fixed spreads. The zero spread account requires a minimum deposit of $200 and allows trading with variable spreads starting from zero. The ECN account requires a minimum deposit of $300 and allows trading with interbank spreads and commissions.
IQ Option vs ForexMart Deposit Options Comparison
IQ Option supports a wide range of payment methods, including credit/debit cards, e-wallets, bank transfers and cryptocurrencies. It does not charge any deposit or withdrawal fees. The minimum withdrawal amount is $10 and the processing time varies from instant to up to 9 business days depending on the method.
ForexMart supports fewer payment methods, including credit/debit cards, e-wallets and bank transfers. It also does not charge any deposit or withdrawal fees. The minimum withdrawal amount is $1 and the processing time varies from instant to up to 7 business days depending on the method.
IQ Option vs ForexMart Trading Platforms Comparison
IQ Option offers its own proprietary platform that is available as a web trader, a desktop application, a mobile app and a browser extension. The platform has a user-friendly design, multiple chart layouts, technical analysis tools, historical quotes, price alerts, risk management features and a trading community.
ForexMart offers the MetaTrader 4 platform that is available as a web trader, a desktop application and a mobile app. The platform is a popular and powerful tool for forex trading, with advanced charting, technical indicators, automated trading, market news and signals.
IQ Option vs ForexMart Analytical Tools Comparison
IQ Option provides various analytical tools for its clients, such as news feed, economic calendar, market analysis, trading signals, video tutorials, blog articles and educational emails. It also offers a free demo account with $10,000 virtual funds to practice trading.
ForexMart provides fewer analytical tools for its clients, such as economic calendar, market analysis, trading signals and video tutorials. It also offers a free demo account with unlimited virtual funds to practice trading.
IQ Option vs ForexMart . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, goals and expectations. Both IQ Option and ForexMart have their own advantages and disadvantages. You should compare them based on criteria that are important to you, such as trading tools, fees, platforms, support, etc. You should also try their demo account to test out their services and features before opening a real account.
