Compare IQ Option vs FP Markets
What is IQ Option? What is FP Markets ?
IQ Option is a forex broker that was founded in 2013 and is regulated by CySEC in Cyprus. It offers trading in various assets, such as forex, stocks, cryptocurrencies, ETFs, options and binary options. It has a proprietary trading platform that is user-friendly and supports multiple languages. It also provides a free demo account, educational resources and customer support 24/5.
FP Markets is a forex broker that was founded in 2005 and is regulated by ASIC in Australia and CySEC in Cyprus. It offers trading in various assets, such as forex, stocks, metals, energies, indices, futures, bonds and CFDs. It supports MetaTrader 4 and MetaTrader 5 platforms, which are popular and advanced platforms with many features and tools. It also provides a free demo account, educational resources, webinars and customer support 24/5.
IQ Option vs FP Markets Regulation Comparison
Both brokers are regulated by CySEC in Cyprus, which means they have to comply with strict rules and standards to protect their clients’ funds and interests. CySEC also offers a compensation scheme that covers up to 20,000 EUR per client in case of broker insolvency.
FP Markets has an additional regulation by ASIC in Australia, which is another reputable and respected regulator in the forex industry. ASIC also imposes high standards and requirements on brokers, such as minimum capital, segregation of client funds, risk management and audit. ASIC also offers a compensation scheme that covers up to 20,000 AUD per client in case of broker insolvency.
IQ Option vs FP Markets Trading Assets Comparison
IQ Option offers more than 300 trading assets, including 74 forex pairs, 192 stocks, 4 metals, 3 energies, 23 cryptocurrencies, 28 ETFs, 20 options and binary options.
FP Markets offers more than 10,000 trading assets, including 60 forex pairs, 10,000 stocks, 9 metals, 3 energies, 13 indices, 5 cryptocurrencies, 2 bonds and CFDs on various instruments.
IQ Option vs FP Markets Trading Fees Comparison
IQ Option does not charge any commissions on trades, but it applies variable spreads that depend on the market conditions and the asset traded. The average spread for EUR/USD is around 0.6 pips. It also charges swap fees for holding positions overnight and withdrawal fees depending on the payment method used.
FP Markets offers two types of accounts: Standard and Raw. The Standard account does not charge any commissions but has higher spreads starting from 1 pip for EUR/USD. The Raw account charges a commission of $3 per lot per side but has lower spreads starting from 0 pip for EUR/USD. It also charges swap fees for holding positions overnight and withdrawal fees depending on the payment method used.
IQ Option vs FP Markets Account Types Comparison
IQ Option offers two types of accounts: Standard and VIP. The Standard account requires a minimum deposit of $10 and allows trading with a maximum leverage of 1:1000. The VIP account requires a minimum deposit of $1900 or a trading volume of $15000 within three months and offers some additional benefits such as personal account manager, higher payouts and free tournament participation.
FP Markets offers two types of accounts: Standard and Raw. The Standard account requires a minimum deposit of $100 and allows trading with a maximum leverage of 1:500. The Raw account requires a minimum deposit of $1000 and allows trading with a maximum leverage of 1:500.
IQ Option vs FP Markets Deposit Options Comparison
IQ Option supports various payment methods for depositing and withdrawing funds, such as credit/debit cards, e-wallets (WebMoney, Skrill, Neteller), wire transfer, UnionPay, Perfect Money, giropay, AdvCash, TrustPay, Przelewy24, Trustly, Entercash and WeChat. The minimum deposit amount is $10 and the minimum withdrawal amount is $2. The processing time varies depending on the payment method used.
FP Markets supports various payment methods for depositing and withdrawing funds, such as credit/debit cards (Apple Pay, Google Pay), cryptocurrencies (Bitcoin, Ethereum, Litecoin, Ripple, Tether, USD Coin), e-wallets (Skrill, Neteller, FasaPay), wire transfer, local bank transfer, Dash, Dragonpay and Zcash The minimum deposit amount is $100 and the minimum withdrawal amount is $50 The processing time varies depending on the payment method used.
IQ Option vs FP Markets Trading Platforms Comparison
IQ Option provides its own proprietary trading platform that is web-based and mobile-friendly. The platform is easy to use and navigate, and offers various features and tools, such as charts, indicators, technical analysis, news feed, alerts, trading history, tournaments and social trading. The platform also supports multiple languages and currencies.
FP Markets supports MetaTrader 4 and MetaTrader 5 platforms, which are widely used and trusted by traders around the world. The platforms are available in desktop, web and mobile versions, and offer various features and tools, such as charts, indicators, technical analysis, expert advisors, scripts, signals, market watch, economic calendar, trading history and more. The platforms also support multiple languages and currencies.
IQ Option vs FP Markets Analytical Tools Comparison
IQ Option offers some analytical tools to help traders with their trading decisions, such as market news, economic calendar, trading signals, video tutorials and blog articles. It also provides a free demo account where traders can practice their skills and strategies with virtual money.
FP Markets offers some analytical tools to help traders with their trading decisions, such as market news, economic calendar, trading signals, webinars, ebooks, videos and blog articles. It also provides a free demo account where traders can practice their skills and strategies with virtual money.
IQ Option vs FP Markets . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, goals and risk appetite. However, you can consider some of the following factors to help you make your decision:
- If you are looking for a broker that offers more trading assets, especially stocks and cryptocurrencies, you may prefer IQ Option.
- If you are looking for a broker that offers more trading platforms, especially MetaTrader 4 and MetaTrader 5, you may prefer FP Markets.
- If you are looking for a broker that has lower spreads and commissions, you may prefer FP Markets’ Raw account.
- If you are looking for a broker that has higher leverage and lower minimum deposit, you may prefer IQ Option.
- If you are looking for a broker that has an additional regulation by ASIC in Australia, you may prefer FP Markets.
In the end, the best way to find out which broker is better for you is to experiment for yourself. You can open a free demo account with both brokers and test out their services and features with virtual currency. You can also read reviews and feedback from other traders who have used these brokers before. This way, you can better understand their pros and cons and make an informed choice.
