Compare IQ Option vs MTrading
What is IQ Option? What is MTrading ?
IQ Option is an online trading platform that offers various financial instruments such as forex, stocks, ETFs, commodities, cryptocurrencies, digital and binary options. MTrading is an online broker that provides access to global markets such as forex, indices, commodities, stocks and cryptocurrencies.
IQ Option vs MTrading Regulation Comparison
IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). MTrading is regulated by the International Financial Services Commission (IFSC) of Belize and the Financial Services Authority (FSA) of Saint Vincent and the Grenadines.
IQ Option vs MTrading Trading Assets Comparison
IQ Option offers over 500 trading assets across different categories, while MTrading offers over 100 trading assets. IQ Option has a wider range of cryptocurrencies, ETFs and options than MTrading, while MTrading has more indices and commodities than IQ Option.
IQ Option vs MTrading 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 0.03% per side. MTrading charges fixed or variable spreads depending on the account type. The average spread for EUR/USD is 1.5 pips and there is no commission. Both brokers charge swap fees for holding positions overnight and inactivity fees for dormant accounts.
IQ Option vs MTrading Account Types Comparison
IQ Option offers two account types: Standard and VIP. The minimum deposit for both accounts is $10. The VIP account has some additional benefits such as higher payouts, personal account manager and free trading signals. MTrading offers four account types: Standard, Pro, ECN and Crypto. The minimum deposit for Standard and Pro accounts is $100, while the minimum deposit for ECN and Crypto accounts is $500. The ECN account has lower spreads but higher commissions, while the Crypto account allows trading in cryptocurrencies only.
IQ Option vs MTrading Deposit Options Comparison
IQ Option supports various deposit and withdrawal methods such as credit/debit cards, e-wallets, bank transfers and cryptocurrencies. The minimum withdrawal amount is $2 and there are no withdrawal fees. The processing time varies from instant to up to 9 business days depending on the method. MTrading supports credit/debit cards, e-wallets, bank transfers and cryptocurrencies as well. The minimum withdrawal amount is $10 and there are no withdrawal fees. The processing time ranges from instant to up to 5 business days depending on the method.
IQ Option vs MTrading Trading Platforms Comparison
IQ Option provides its own proprietary trading platform that is available as a web-based version, a desktop application and a mobile app. The platform has a user-friendly interface, advanced charting tools, indicators, trading signals, news feed and social trading features. MTrading provides the MetaTrader 4 (MT4) platform that is widely used by traders around the world. MT4 is also available as a web-based version, a desktop application and a mobile app. MT4 has a customizable interface, multiple chart types, technical analysis tools, automated trading options and market news.
IQ Option vs MTrading Analytical Tools Comparison
IQ Option offers various analytical tools such as economic calendar, market analysis, trading alerts, sentiment analysis, volatility alerts and video tutorials. MTrading also offers an economic calendar, market analysis, trading signals, webinars and educational materials.
IQ Option vs MTrading . 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. Different brokers may suit different traders better. Therefore, you can research and compare the features, benefits and disadvantages of each broker before making a decision. You can also try their demo account to test their platform and services without risking real money. Ultimately, you should choose the broker that best meets your needs and expectations.
