Compare IQ Option vs FXOpen
What is IQ Option? What is FXOpen ?
IQ Option is an award-winning mobile trading platform that offers CFDs on stocks, ETFs, forex and cryptocurrencies. It has a clean and intuitive interface, created to meet the needs of the most demanding traders. It also provides a free demo account, a wide range of payment methods, 24/7 support and educational resources.
FXOpen is one of the world’s leading and fastest growing forex brokers that offers CFDs on forex, stocks, cryptocurrencies, commodities and indices. It has a true ECN business model, which means it provides access to the interbank liquidity pool and low commissions. It also offers various trading accounts, platforms and tools to suit different levels of experience and skills.
IQ Option vs FXOpen Regulation Comparison
| Broker | Regulator | License Number |
|---|---|---|
| IQ Option | Cyprus Securities and Exchange Commission (CySEC) | 247/14 |
| IQ Option | Financial Services Commission of the British Virgin Islands (FSC) | SIBA/L/18/1114 |
| IQ Option | Australian Securities and Investments Commission (ASIC) | 000-963819-4 |
| FXOpen | Financial Conduct Authority (FCA) in the UK | 579202 |
| FXOpen | Australian Securities and Investments Commission (ASIC) | 412871 |
| FXOpen | Financial Services Authority (FSA) in Saint Vincent and the Grenadines | 21927 |
IQ Option vs FXOpen Trading Assets Comparison
IQ Option and FXOpen offer different ranges of trading assets to their clients. Here is a list of the main asset classes and the number of instruments available for each broker:
- Forex: IQ Option offers 50 currency pairs, while FXOpen offers 50 currency pairs plus gold and silver.
- Stocks: IQ Option offers CFDs on stocks of leading companies and industry giants, while FXOpen offers CFDs on shares of US, UK and EU companies.
- Cryptocurrencies: IQ Option offers CFDs on 25+ cryptocurrencies, while FXOpen offers 43 pairs with BTC, LTC, EOS, PPC, ETH, DASH, EMC.
- Commodities: IQ Option offers CFDs on gold, silver, oil and other commodities, while FXOpen offers spot metals CFDs and commodity CFDs.
- Indices: IQ Option does not offer CFDs on indices, while FXOpen offers index CFDs on US, UK, EU and Asian markets.
- ETFs: IQ Option offers CFDs on ETFs, while FXOpen does not offer this asset class.
IQ Option vs FXOpen Trading Fees Comparison
| Broker | Spread | Commission | Swap | Deposit/Withdrawal Fee |
|---|---|---|---|---|
| IQ Option | Floating, from 0 pips for forex and crypto; from 0.1% for stocks; from 0.01% for commodities; from 0.45% for ETFs | No commission for forex, crypto, stocks, commodities and ETFs | Charged or credited depending on the instrument and direction of the trade; can be viewed in the trading platform before opening a position | No deposit fee; withdrawal fee depends on the payment method; minimum withdrawal amount is $2 |
| FXOpen | Floating, from 0 pips for ECN account; from 1 pip for STP account; from 0.5 pip for Crypto account; from 2 pips for Micro account | From $15 per $1 million for ECN account; no commission for STP account; 0.5% of trade volume round turn for Crypto account; no commission for Micro account | Charged or credited depending on the instrument and direction of the trade; can be viewed in the trading platform before opening a position | No deposit fee for most payment methods; withdrawal fee depends on the payment method; minimum withdrawal amount is $1 |
IQ Option vs FXOpen Account Types Comparison
| Broker | Account Type | Minimum Deposit | Maximum Leverage | Margin Call/Stop Out |
|---|---|---|---|---|
| IQ Option | Standard | $20 | 1:500 | 100%/50% |
| FXOpen | ECN | $100 | 1:500 | 100%/50% |
| FXOpen | STP | $10 | 1:500 | 50%/30% |
| FXOpen | Crypto | $10 | 1:3 | 30%/15% |
| FXOpen | Micro | $1 | 1:500 | 20%/10% |
IQ Option vs FXOpen Deposit Options Comparison
IQ Option and FXOpen offer a wide range of payment methods for depositing and withdrawing funds from their trading accounts. Here is a list of the main payment options available for each broker:
- IQ Option: Visa, Mastercard, Maestro, Skrill, Neteller, WebMoney, AdvCash, Perfect Money, Jeton Wallet, AstroPay Card, Qiwi, Yandex Money, Sofort, iDeal, Giropay, Rapid Transfer, Trustly, Wire Transfer.
- FXOpen: Visa, Mastercard, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, Payza, AdvCash, AstroPay Card, Qiwi Wallet, Yandex Money, UnionPay, Wire Transfer.
IQ Option vs FXOpen Trading Platforms Comparison
IQ Option offers its own proprietary platform that is designed for mobile trading and has a user-friendly interface, a wide range of assets and indicators, and various features such as news feed, economic calendar, price alerts and more.
FXOpen offers three platforms: MetaTrader 4, MetaTrader 5 and TickTrader. MetaTrader 4 and 5 are the most popular and widely used platforms in the forex industry, with advanced charting tools, expert advisors, custom indicators and scripts, and access to the MetaTrader Market. TickTrader is a cutting-edge platform that provides access to both forex and cryptocurrency markets with ECN technology and fast execution speed. It also offers advanced charting tools, indicators and analytical objects for technical analysis and trading strategies development.
IQ Option vs FXOpen Analytical Tools Comparison
IQ Option: Trader Sentiment – shows the percentage of traders who are buying or selling a certain asset.; Community Live Trades – displays the live trades of other traders on the platform.; Video Tutorials – provides educational videos on various topics such as trading strategies, technical analysis, risk management and more.
FXOpen: Trading Central – provides technical analysis, market insights and trading signals from a leading provider of financial market research.; Autochartist – provides automated chart pattern recognition, volatility analysis and market reports.; VPS – provides a virtual private server for hosting expert advisors and ensuring uninterrupted trading.
IQ Option vs FXOpen . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, risk appetite, budget and level of experience. You can compare the features, benefits, and limitations of each broker and decide which broker is right for you. You can also research and read user reviews to better understand the quality and reputation of each broker. Ultimately, the best forex broker for you is the one that meets your needs and expectations.
