Compare IQ Option vs Land-FX
What is IQ Option? What is Land-FX ?
IQ Option is an online trading platform that offers CFDs on stocks, ETFs, forex and cryptocurrencies. It has a mobile app, a desktop application and a web version. It claims to have over 40 million members and to provide a fast, accurate and easy-to-use platform.
Land-FX is an online trading broker that offers forex and CFDs trading on MT4 and MT5 platforms. It is regulated by the Finance Services Authority (FSA) and claims to have thousands of active traders and billions of traded value.
IQ Option vs Land-FX Regulation Comparison
IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 247/14. It also has licenses from other regulators such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, the Financial Sector Conduct Authority (FSCA) in South Africa, and others.
Land-FX is regulated by the Finance Services Authority (FSA) of St. Vincent and the Grenadines under license number 23627 IBC 2016. It also has licenses from other regulators such as the Financial Conduct Authority (FCA) in the UK, the Financial Services Commission (FSC) in Mauritius, and others.
IQ Option vs Land-FX Trading Assets Comparison
IQ Option offers more than 200 assets to trade, including:
- Currencies: major, minor and exotic pairs
- Stocks: CFDs on shares 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, etc.
- Cryptocurrencies: CFDs on popular digital currencies such as Bitcoin, Ethereum, Ripple, etc.
- ETFs: CFDs on exchange-traded funds that track various sectors, markets or commodities.
Land-FX offers more than 70 assets to trade, including:
- Currencies: major, minor and exotic pairs
- Stocks: CFDs on shares of US and UK companies
- Commodities: CFDs on metals, energies and agricultural products
- Indices: CFDs on global indices such as S&P 500, NASDAQ 100, FTSE 100, etc.
- Cryptocurrencies: CFDs on Bitcoin only.
IQ Option vs Land-FX Trading Fees Comparison
IQ Option charges different fees depending on the asset type, account type and trading conditions. Some of the fees include:
- Spread: the difference between the bid and ask prices of an asset. The spread varies depending on the market volatility and liquidity. For example, the average spread for EUR/USD is 0.9 pips for standard accounts and 0 pips for VIP accounts.
- Commission: a percentage of the trade value that is charged for opening or closing a position. The commission varies depending on the asset type and account type. For example, the commission for stocks is 0.1% for standard accounts and 0% for VIP accounts.
- Swap: a fee that is charged for holding a position overnight. The swap rate depends on the interest rate differential between the two currencies involved in a pair. The swap can be positive or negative depending on whether you are buying or selling an asset.
- Inactivity fee: a fee that is charged if no trading activity occurs for more than 90 days. The inactivity fee is $10 per month.
Land-FX charges different fees depending on the asset type, account type and trading conditions. Some of the fees include:
- Spread: the difference between the bid and ask prices of an asset. The spread varies depending on the market volatility and liquidity. For example, the average spread for EUR/USD is 0.9 pips for standard accounts and 0 pips for ECN accounts.
- Commission: a percentage of the trade value that is charged for opening or closing a position. The commission varies depending on the asset type and account type. For example, the commission for forex is $0 for standard accounts and $0.3 per lot for ECN accounts.
- Swap: a fee that is charged for holding a position overnight. The swap rate depends on the interest rate differential between the two currencies involved in a pair. The swap can be positive or negative depending on whether you are buying or selling an asset.
- Inactivity fee: a fee that is charged if no trading activity occurs for more than 6 months. The inactivity fee is $10 per month.
IQ Option vs Land-FX Account Types Comparison
IQ Option offers three types of accounts:
- Standard account: the minimum deposit is $20 and the minimum trade size is $1. The leverage is unlimited and the spread is variable. There is no commission for most assets and no swap for some assets. The standard account has access to all trading instruments and features.
- VIP account: the minimum deposit is $3,000 and the minimum trade size is $1. The leverage is unlimited and the spread is variable. There is no commission for most assets and no swap for some assets. The VIP account has access to all trading instruments and features, plus some additional benefits such as personal account manager, higher payouts, free trading signals, faster withdrawals, etc.
- Demo account: a free practice account with $10,000 virtual funds that can be replenished anytime. The demo account has access to all trading instruments and features.
Land-FX offers four types of accounts:
- Standard account: the minimum deposit is $10 and the minimum trade size is 0.01 lot. The leverage is up to 1000:1 and the spread is variable. There is no commission for forex and commodities and no swap for some assets. The standard account has access to MT4 and MT5 platforms and all trading instruments.
- ECN account: the minimum deposit is $1,000 and the minimum trade size is 0.01 lot. The leverage is up to 1000:1 and the spread is variable. There is a commission of $0.3 per lot for forex and commodities and no swap for some assets. The ECN account has access to MT4 and MT5 platforms and all trading instruments, plus some additional benefits such as lower spreads, faster execution, etc.
- Swap Free account: the minimum deposit is $10 and the minimum trade size is 0.01 lot. The leverage is up to 1000:1 and the spread is variable. There is no commission for forex and commodities and no swap for any asset. The swap free account has access to MT4 and MT5 platforms and all trading instruments, but it is only available for Islamic traders who follow Sharia law.
- Demo account: a free practice account with $100,000 virtual funds that can be replenished anytime. The demo account has access to MT4 and MT5 platforms and all trading instruments.
IQ Option vs Land-FX Deposit Options Comparison
IQ Option supports various deposit and withdrawal methods, such as:
- Credit/debit cards: Visa, Mastercard, Maestro
- E-wallets: Skrill, Neteller, WebMoney, AdvCash, Perfect Money
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin
- Bank wire transfer
The minimum deposit amount is $20 and the minimum withdrawal amount is $2. There are no fees for deposits or withdrawals, except for bank wire transfers which may incur bank charges. The processing time for deposits is instant or up to 15 minutes, while the processing time for withdrawals is up to 3 business days.
Land-FX supports various deposit and withdrawal methods, such as:
- Credit/debit cards: Visa, Mastercard
- E-wallets: Skrill, Neteller
- Cryptocurrencies: Bitcoin
- Bank wire transfer
The minimum deposit amount is $10 and the minimum withdrawal amount is $50. There are no fees for deposits or withdrawals, except for bank wire transfers which may incur bank charges. The processing time for deposits is instant or up to 24 hours, while the processing time for withdrawals is up to 5 business days.
IQ Option vs Land-FX Trading Platforms Comparison
IQ Option has its own proprietary trading platform that can be accessed via web browser, desktop application or mobile app. The platform has a clean and intuitive interface that allows traders to customize their charts, indicators, widgets and tools according to their preferences. The platform also provides features such as news feed, economic calendar, price alerts, trader sentiment, community live trades, etc.
Land-FX uses MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as its trading platforms that can be accessed via web browser, desktop application or mobile app. MT4 and MT5 are popular and reliable platforms that offer advanced charting, technical analysis, automated trading, market news, etc.
IQ Option vs Land-FX Analytical Tools Comparison
Here are some more analytical tools that IQ Option and Land-FX offer:
- Technical indicators: both platforms offer more than 100 technical indicators that can be applied to the charts to identify trends, patterns, signals, etc. Some of the indicators include moving averages, Bollinger bands, MACD, RSI, Stochastic, etc.
- Chart types: both platforms offer various chart types that can be used to display the price movements of the assets, such as line, bar, candlestick, Heikin-Ashi, etc.
- Time frames: both platforms allow traders to choose different time frames for their charts, ranging from seconds to months, depending on their trading style and strategy.
- Drawing tools: both platforms provide drawing tools that can be used to mark support and resistance levels, trend lines, channels, Fibonacci retracements, etc.
- Trading signals: IQ Option offers free trading signals for some assets that are based on technical analysis and market trends. The signals indicate the direction, entry point, stop loss and take profit levels for each trade. Land-FX does not offer trading signals on its platforms.
- Copy trading: IQ Option offers a feature called Copy Trading that allows traders to copy the trades of other successful traders on the platform. Traders can choose from a list of top traders based on their performance, risk level and trading style. Land-FX does not offer copy trading on its platforms.
IQ Option vs Land-FX . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, goals and risk appetite. However, here are some factors to consider when comparing IQ Option and Land-FX, such as:
- Regulation: both brokers are regulated by reputable authorities, but IQ Option has more licenses than Land-FX, which may indicate a higher level of trust and security.
- Trading assets: IQ Option offers more trading assets than Land-FX, which may give you more opportunities and diversification options.
- Trading fees: both brokers charge variable spreads and commissions depending on the asset type and account type, but IQ Option has lower minimum deposit and withdrawal amounts than Land-FX, which may be more convenient and affordable for some traders.
- Account types: both brokers offer standard, ECN and swap free accounts, but IQ Option also offers a VIP account with additional benefits for high-volume traders. Land-FX does not have a VIP account option.
- Deposit and withdrawal methods: both brokers support various payment methods, but IQ Option has more options than Land-FX, including e-wallets and cryptocurrencies. Land-FX does not accept e-wallets or cryptocurrencies other than Bitcoin.
- Trading platforms: both brokers use MT4 and MT5 platforms, but IQ Option also has its own proprietary platform that has some unique features and advantages. Land-FX does not have its own platform.
- Analytical tools: both brokers provide various analytical tools, such as technical indicators, chart types, time frames and drawing tools, but IQ Option also offers trading signals and copy trading features that may help some traders improve their performance. Land-FX does not offer trading signals or copy trading features.
Ultimately, choosing a forex broker depends on your personal preferences, goals and risk appetite. You may want to try the demo accounts of both brokers to test their platforms and services before making a decision.
