Compare IQ Option vs FXGiants
What is IQ Option? What is FXGiants ?
IQ Option is an online trading platform that offers CFDs on stocks, ETFs, forex and cryptocurrencies. It has a free demo account, a minimum deposit of $20, and a wide range of payment methods. It also has an award-winning mobile app with a clean and intuitive interface.
FXGiants is an online trading platform that offers CFDs on forex, metals, indices, commodities, futures and stocks. It has a minimum deposit of $100, tight spreads and ultra-fast market execution. It also has a partnership with FC Barcelona and offers various promotions and events.
IQ Option vs FXGiants Regulation Comparison
IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 247/14. It also complies with the European Securities and Markets Authority (ESMA) regulations and the Markets in Financial Instruments Directive (MiFID) II.
FXGiants is regulated by the Financial Conduct Authority (FCA) in the UK with registration number 585561. It also complies with the European Economic Area (EEA) regulations and the Markets in Financial Instruments Directive (MiFID) II.
IQ Option vs FXGiants Trading Assets Comparison
IQ Option offers over 200 trading assets, including:
- More than 50 currency pairs
- More than 180 stocks
- More than 20 commodities
- More than 10 indices
- More than 10 cryptocurrencies
- More than 10 ETFs
FXGiants offers over 200 trading assets, including:
- More than 70 currency pairs
- More than 10 metals
- More than 20 indices
- More than 10 commodities
- More than 10 futures
- More than 50 stocks
IQ Option vs FXGiants Trading Fees Comparison
IQ Option charges variable spreads and commissions depending on the asset and account type. The average spread for EUR/USD is 1.2 pips, and the commission is $0.01 per lot per side. IQ Option also charges a swap fee for overnight positions and an inactivity fee of $10 per month after 90 days of no trading activity.
FXGiants charges variable spreads and commissions depending on the asset and account type. The average spread for EUR/USD is 0.7 pips, and the commission is $9 per lot per side for STP/ECN accounts. FXGiants also charges a swap fee for overnight positions and an inactivity fee of $15 per month after 12 months of no trading activity.
IQ Option vs FXGiants Account Types Comparison
IQ Option offers four types of accounts:
- Standard: Minimum deposit of $20, access to all assets, leverage up to 1:30 for retail clients and up to 1:1000 for professional clients.
- VIP: Minimum deposit of $1900, access to all assets, leverage up to 1:30 for retail clients and up to 1:1000 for professional clients, personal account manager, monthly reports and exclusive webinars.
- Demo: Free practice account with $10,000 virtual funds, access to all assets, no time limit.
- Islamic: Swap-free account for Muslim traders, minimum deposit of $20, access to all assets, leverage up to 1:30 for retail clients and up to 1:1000 for professional clients.
FXGiants offers six types of accounts:
- Micro: Minimum deposit of $100, variable spreads from 1.1 pips, leverage up to 1:1000, no commission, minimum lot size of 0.01.
- Premium: Minimum deposit of $2500, variable spreads from 0.7 pips, leverage up to 1:500, no commission, minimum lot size of 0.1.
- Zero Fixed Spread: Minimum deposit of $500, fixed spreads from 0 pips, leverage up to 1:500, commission of $18 per lot round turn, minimum lot size of 0.01.
- STP/ECN No Commission: Minimum deposit of $500, variable spreads from 1.7 pips, leverage up to 1:200, no commission, minimum lot size of 0.01.
- STP/ECN 0 Spread: Minimum deposit of $500, variable spreads from 0 pips, leverage up to 1:200, commission of $18 per lot round turn, minimum lot size of 0.01.
- STP/ECN Absolute Zero: Minimum deposit of $500, variable spreads from -0.3 pips, leverage up to 1:200, commission of $9 per lot round turn, minimum lot size of 0.01.
IQ Option vs FXGiants Deposit Options Comparison
IQ Option supports the following deposit and withdrawal methods:
- Credit/debit cards (Visa, Mastercard, Maestro)
- E-wallets (Skrill, Neteller, WebMoney, AdvCash)
- Bank wire transfer
- Cryptocurrencies (Bitcoin, Ethereum, Litecoin)
The minimum deposit and withdrawal amount is $20, and the processing time is usually instant for deposits and up to 3 business days for withdrawals.
FXGiants supports the following deposit and withdrawal methods:
- Credit/debit cards (Visa, Mastercard)
- E-wallets (Skrill, Neteller, FasaPay)
- Bank wire transfer
- Cryptocurrencies (Bitcoin)
The minimum deposit and withdrawal amount is $100, and the processing time is usually instant for deposits and up to 5 business days for withdrawals.
IQ Option vs FXGiants Trading Platforms Comparison
IQ Option offers its own proprietary trading platform that is available for desktop, web and mobile devices. The platform has a user-friendly interface, advanced charting tools, technical indicators, news feed, economic calendar, alerts and more. The platform also supports automated trading with third-party robots and signals.
FXGiants offers the MetaTrader 4 (MT4) trading platform that is available for desktop, web and mobile devices. The platform has a customizable interface, advanced charting tools, technical indicators, market watch, news feed, economic calendar, alerts and more. The platform also supports automated trading with expert advisors (EAs) and custom indicators. FXGiants also offers a PMAM system for managing multiple MT4 accounts and a VPS service for running EAs without interruption.
IQ Option vs FXGiants Analytical Tools Comparison
IQ Option provides various analytical tools for traders, such as:
- Market analysis: A section that contains daily news, market updates, trading signals and technical analysis from experts.
- Video tutorials: A section that contains educational videos on various topics such as trading strategies, indicators, risk management and more.
- Blog: A section that contains articles on various topics such as market trends, trading psychology, success stories and more.
- Trading community: A section that allows traders to interact with each other, share trading ideas and follow other traders’ sentiment and live trades.
FXGiants provides various analytical tools for traders, such as:
- Market outlook: A section that contains daily market commentary, technical analysis and trading signals from experts.
- Economic calendar: A section that contains the schedule of major economic events and their impact on the markets.
- Trading calculator: A tool that allows traders to calculate various parameters such as margin, pip value, swap and more.
- Webinars: A section that contains live and recorded webinars on various topics such as trading strategies, market analysis and more.
IQ Option vs FXGiants . Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their preferences, goals and strategies. However, here are some possible factors you can consider when choosing between IQ Option and FXGiants:
- Regulation: Both brokers are regulated by reputable authorities in Europe, but FXGiants has a higher level of regulation as it is supervised by the FCA in the UK, which is known for its strict standards and consumer protection. IQ Option is regulated by CySEC in Cyprus, which is also a reliable regulator but has less stringent rules and lower compensation schemes.
- Trading assets: Both brokers offer a wide range of trading assets, but IQ Option has more variety as it includes ETFs and cryptocurrencies, which FXGiants does not. FXGiants has more currency pairs and metals, which may appeal to forex and commodity traders.
- Trading fees: Both brokers charge variable spreads and commissions depending on the asset and account type, but FXGiants generally has lower spreads and higher commissions than IQ Option. IQ Option also charges an inactivity fee after 90 days of no trading activity, while FXGiants charges it after 12 months. FXGiants also offers fixed spread and zero spread accounts, which may be attractive to some traders.
- Account types: Both brokers offer multiple account types with different features and benefits, but IQ Option has a lower minimum deposit requirement of $20, while FXGiants has a higher one of $100. IQ Option also offers a VIP account with exclusive services for high-volume traders, while FXGiants does not. IQ Option also offers an Islamic account for Muslim traders, while FXGiants does not.
- Deposit and withdrawal options: Both brokers support various deposit and withdrawal methods, but IQ Option has more options as it includes cryptocurrencies, which FXGiants does not. IQ Option also has a lower minimum deposit and withdrawal amount of $20, while FXGiants has a higher one of $100. IQ Option also has faster processing time for withdrawals than FXGiants.
- Trading platforms: Both brokers offer user-friendly and powerful trading platforms, but IQ Option offers its own proprietary platform that is available for desktop, web and mobile devices, while FXGiants offers the MetaTrader 4 platform that is also available for desktop, web and mobile devices. IQ Option’s platform has a cleaner and simpler interface, advanced charting tools, news feed, economic calendar, alerts and more. It also supports automated trading with third-party robots and signals. FXGiants’ platform has a customizable interface, advanced charting tools, market watch, news feed, economic calendar, alerts and more. It also supports automated trading with expert advisors and custom indicators. FXGiants also offers a PMAM system for managing multiple MT4 accounts and a VPS service for running EAs without interruption.
- Analytical tools: Both brokers provide various analytical tools for traders, such as market analysis, technical analysis, trading signals, economic calendar, trading calculator, webinars and more. However, IQ Option also provides video tutorials, a blog and a trading community that allow traders to learn from experts, interact with each other and follow other traders’ sentiment and live trades.
Ultimately, the choice between IQ Option and FXGiants depends on your personal preferences and needs as a trader. You may want to try their demo account first to get a feel for their platform and services before making a decision.
