Compare IQ Option vs FreshForex
What is IQ Option? What is FreshForex ?
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. It offers a free demo account, low minimum deposit, various payment methods, 24/7 support, educational resources and analytical tools.
FreshForex is a brand that provides access to online trading for clients from more than 200 countries all over the world. It offers micro lots starting from 0.01, trading via Telegram, free education, analytical reviews and webinars, expert advisors shop and more than 130 trading instruments. It also has various bonuses and contests for its clients, such as drawdown bonus, deposit without commission and cashback.
IQ Option vs FreshForex 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) rules and regulations.
FreshForex is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines under license number 20623 IBC 2012. It also claims to cooperate with licensed European liquidity providers, banks, payment aggregators and systems.
IQ Option vs FreshForex Trading Assets Comparison
IQ Option offers more than 200 trading assets, including:
- Currencies: major, minor and exotic pairs with efficient spreads
- Stocks: CFDs on stocks of leading companies and industry giants
- Commodities: CFDs on hard or soft commodities such as gold, silver, oil and grains
- Indices: CFDs on global indices such as S&P 500, NASDAQ 100, FTSE 100 and more
- Cryptocurrencies: CFDs on popular digital currencies such as Bitcoin, Ethereum, Ripple and more.
FreshForex offers more than 130 trading instruments, including:
- Currencies: major, minor and exotic pairs with tight spreads
- Stocks: CFDs on stocks of popular companies such as Apple, Google, Tesla and more
- Commodities: CFDs on metals, energies and agricultural products
- Indices: CFDs on global indices such as Dow Jones, DAX 30, Nikkei 225 and more
- Cryptocurrencies: CFDs on Bitcoin, Ethereum, Litecoin and more.
IQ Option vs FreshForex Trading Fees Comparison
IQ Option charges variable spreads depending on the market conditions and the asset type. The average spread for EUR/USD is around 1.2 pips. It also charges a swap fee for holding positions overnight and a commission fee for certain assets such as cryptocurrencies. It does not charge any deposit or withdrawal fees.
FreshForex charges fixed or floating spreads depending on the account type. The average spread for EUR/USD is around 0.9 pips for Market Pro accounts and around 2 pips for Classic accounts. It also charges a swap fee for holding positions overnight and a commission fee for ECN accounts. It does not charge any deposit fees but may charge withdrawal fees depending on the payment method.
IQ Option vs FreshForex Account Types Comparison
IQ Option offers three types of accounts:
- Standard account: requires a minimum deposit of $20 and allows access to all trading assets and features
- VIP account: requires a minimum deposit of $3,000 and offers additional benefits such as personal manager, higher profitability rates and exclusive promotions
- Demo account: allows unlimited practice trading with $10,000 virtual funds.
FreshForex offers four types of accounts:
- Classic account: requires no minimum deposit and offers fixed spreads from 2 pips
- Market Pro account: requires no minimum deposit and offers floating spreads from 0.9 pips
- ECN account: requires a minimum deposit of $200 and offers floating spreads from 0 pips plus commission
- Demo account: allows unlimited practice trading with $5,000 virtual funds.
IQ Option vs FreshForex Deposit Options Comparison
IQ Option supports various payment methods for depositing and withdrawing funds, such as:
- Credit/debit cards: Visa, Mastercard, Maestro
- E-wallets: Skrill, Neteller, WebMoney, AdvCash, Perfect Money
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin and more
- Bank wire transfer.
FreshForex supports various payment methods for depositing and withdrawing funds, such as:
- Credit/debit cards: Visa, Mastercard
- E-wallets: Skrill, Neteller, WebMoney, FasaPay, Perfect Money
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin and more
- Bank wire transfer.
IQ Option vs FreshForex Trading Platforms Comparison
IQ Option offers its own proprietary trading platform that is available on desktop (Windows, MacOS), web and mobile (Android, iOS) devices. The platform has a user-friendly design and offers multiple features such as:
- Market order execution
- Unlimited number of charts
- Signals about system and trade events
- Privacy policy of all operations
- Extended set of time frames
- 6 types of pending orders
- Deep history of quotes and charts
- Built-in economic calendar.
FreshForex offers the popular MetaTrader 4 and MetaTrader 5 trading platforms that are available on desktop (Windows, MacOS), web and mobile (Android, iOS) devices. The platforms have a standard design and offer multiple features such as:
- Instant and market order execution
- Multiple chart types and time frames
- Technical indicators and analytical tools
- Expert advisors and automated trading
- News feed and economic calendar
- Customizable interface and settings
IQ Option vs FreshForex Analytical Tools Comparison
IQ Option provides various analytical tools to help traders make informed decisions, such as:
- News feed: updates on the latest market movements and events
- Economic calendar: shows the upcoming economic data releases and their impact on the markets
- Price alerts: notifies traders when the price reaches a certain level
- Trader sentiment: shows the percentage of buyers and sellers for each asset
- Community live trades: shows the live trades of other traders on the platform.
FreshForex provides various analytical tools to help traders make informed decisions, such as:
- Fresh forecast: daily reviews and forecasts by the best financial experts
- Forex analytics: technical and fundamental analysis of the markets
- Trading signals: recommendations on when to buy or sell based on various indicators
- Forex calculators: tools to calculate margin, profit, swap and pip value
- Forex TV: live video broadcasts of the market news and events.
IQ Option vs FreshForex . Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading style, goals and risk appetite. Both IQ Option and FreshForex have advantages and disadvantages, which you should consider carefully before making a decision. Here are some factors you may want to consider:
- Regulation: IQ Option is regulated by CySEC, which is a reputable and strict regulator in the European Union. FreshForex is regulated by FSA of Saint Vincent and the Grenadines, which is a less known and less stringent regulator in the Caribbean. You may want to choose a broker that is regulated by a more credible authority for better protection and security.
- Trading assets: IQ Option offers more trading assets than FreshForex, including more currency pairs, stocks, commodities, indices and cryptocurrencies. You may want to choose a broker that offers a wider range of trading instruments for more diversification and opportunities.
- Trading fees: IQ Option charges variable spreads and commissions depending on the market conditions and the asset type, while FreshForex charges fixed or floating spreads and commissions depending on the account type. You may want to choose a broker that offers lower and more transparent trading costs for better profitability and efficiency.
- Account types: IQ Option offers three types of accounts: standard, VIP and demo, while FreshForex offers four types of accounts: classic, market pro, ECN and demo. You may want to choose a broker that offers an account type that suits your trading needs and preferences, such as minimum deposit, leverage, execution type, etc.
- Trading platforms: IQ Option offers its own proprietary trading platform that is available on desktop, web and mobile devices, while FreshForex offers the popular MetaTrader 4 and MetaTrader 5 trading platforms that are also available on desktop, web and mobile devices. You may want to choose a broker that offers a trading platform that is easy to use, reliable and feature-rich.
- Analytical tools: IQ Option provides various analytical tools such as news feed, economic calendar, price alerts, trader sentiment and community live trades, while FreshForex provides various analytical tools such as fresh forecast, forex analytics, trading signals, forex calculators and forex TV. You may want to choose a broker that provides useful and relevant analytical tools to help you make informed trading decisions.
