Compare IQ Option vs RoboMarkets
What is IQ Option? What is RoboMarkets ?
IQ Option is a Cyprus-based online trading platform that offers contracts for difference (CFDs) on various assets, such as forex, stocks, commodities, cryptocurrencies, and options.
RoboMarkets is a Belize-based online broker that provides access to multiple financial markets, such as forex, stocks, indices, commodities, cryptocurrencies, and ETFs.
IQ Option vs RoboMarkets Regulation Comparison
IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Seychelles Financial Services Authority (FSA). RoboMarkets is regulated by the International Financial Services Commission of Belize (IFSC) and the Cyprus Securities and Exchange Commission (CySEC).
IQ Option vs RoboMarkets Trading Assets Comparison
IQ Option offers over 500 trading assets, including 50 forex pairs, 200+ stocks, 25+ commodities, 100+ cryptocurrencies, and 60+ options. RoboMarkets offers over 12,000 trading assets, including 40+ forex pairs, 11,700+ stocks, 40+ indices, 20+ commodities, 30+ cryptocurrencies, and 1,000+ ETFs.
IQ Option vs RoboMarkets 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. RoboMarkets charges variable or fixed spreads and commissions depending on the asset and account type. The average spread for EUR/USD is 1.3 pips for variable accounts and 2 pips for fixed accounts. The commission ranges from 0 to $20 per lot depending on the account type and trading volume.
IQ Option vs RoboMarkets Account Types Comparison
IQ Option offers two main account types: Standard and VIP. The Standard account requires a minimum deposit of $10 and offers access to all trading assets and features. The VIP account requires a minimum deposit of $1,900 and offers additional benefits such as higher payouts, personal account manager, free trading signals, and priority withdrawals.
RoboMarkets offers five main account types: Pro-Standard, Pro-Cent, ECN-Pro, Prime, and R Trader. The Pro-Standard and Pro-Cent accounts require a minimum deposit of $10 and offer variable spreads and no commissions. The ECN-Pro and Prime accounts require a minimum deposit of $100 and offer variable spreads and commissions. The R Trader account requires a minimum deposit of $100 and offers access to the R Trader platform with fixed spreads and commissions.
IQ Option vs RoboMarkets Deposit Options Comparison
IQ Option supports various deposit and withdrawal methods, such as credit/debit cards, e-wallets (Skrill, Neteller, WebMoney), bank wire transfer, and cryptocurrencies (Bitcoin, Ethereum). The minimum withdrawal amount is $2 and the processing time is up to three business days.
RoboMarkets supports various deposit and withdrawal methods, such as credit/debit cards, e-wallets (Skrill, Neteller, WebMoney), bank wire transfer, cryptocurrencies (Bitcoin, Ethereum), and local payment systems (FasaPay, Perfect Money). The minimum withdrawal amount is $10 for e-wallets and $100 for bank wire transfer. The processing time is up to two business days.
IQ Option vs RoboMarkets Trading Platforms Comparison
IQ Option provides its own proprietary web-based and mobile trading platforms that are user-friendly and customizable. The platforms offer various features such as interactive charts, technical indicators, trading signals, news feed, market analysis, tournaments, video tutorials, and chat support.
RoboMarkets provides access to multiple third-party trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, R Trader, and Umstel. The platforms offer various features such as advanced charts, technical indicators, trading robots, market depth, news feed, market analysis, copy trading, and customer support.
IQ Option vs RoboMarkets Analytical Tools Comparison
IQ Option offers various analytical tools to help traders make informed decisions, such as economic calendar, trading alerts, sentiment analysis, trading history, and portfolio analysis. RoboMarkets offers various analytical tools to help traders enhance their performance, such as economic calendar, trading calculator, trading central, autochartist, roboforex analytics, and roboforex education.
IQ Option vs RoboMarkets . Which forex broker is better? Which forex broker should you choose?
Different traders may have different preferences and needs. However, based on information I found from several online reviews1234, here are some factors that may need to be considered when choosing between IQ Option and RoboMarkets:
- Regulation: Both brokers are regulated by the CySEC, which is a reputable regulator in the EU. However, RoboMarkets also has an additional regulation by the IFSC of Belize, which may offer more protection and oversight for traders outside the EU.
- Trading assets: IQ Option offers more trading assets than RoboMarkets on all account types, except for R Trader, where RoboMarkets has many more (12,000+ vs 300+). IQ Option also offers options trading, which RoboMarkets does not.
- Trading fees: 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. RoboMarkets charges variable or fixed spreads and commissions depending on the asset and account type. The average spread for EUR/USD is 1.3 pips for variable accounts and 2 pips for fixed accounts. The commission ranges from 0 to $20 per lot depending on the account type and trading volume.
- Account types: IQ Option offers two main account types: Standard and VIP. The Standard account requires a minimum deposit of $10 and offers access to all trading assets and features. The VIP account requires a minimum deposit of $1,900 and offers additional benefits such as higher payouts, personal account manager, free trading signals, and priority withdrawals. RoboMarkets offers five main account types: Pro-Standard, Pro-Cent, ECN-Pro, Prime, and R Trader. The Pro-Standard and Pro-Cent accounts require a minimum deposit of $10 and offer variable spreads and no commissions. The ECN-Pro and Prime accounts require a minimum deposit of $100 and offer variable spreads and commissions. The R Trader account requires a minimum deposit of $100 and offers access to the R Trader platform with fixed spreads and commissions.
- Trading platforms: IQ Option provides its own proprietary web-based and mobile trading platforms that are user-friendly and customizable. The platforms offer various features such as interactive charts, technical indicators, trading signals, news feed, market analysis, tournaments, video tutorials, and chat support. RoboMarkets provides access to multiple third-party trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, R Trader, and Umstel. The platforms offer various features such as advanced charts, technical indicators, trading robots, market depth, news feed, market analysis, copy trading, and customer support.
- Analytical tools: IQ Option offers various analytical tools to help traders make informed decisions, such as economic calendar, trading alerts, sentiment analysis, trading history, and portfolio analysis. RoboMarkets offers various analytical tools to help traders enhance their performance, such as economic calendar, trading calculator, trading central, autochartist, roboforex analytics, and roboforex education.
Ultimately, choosing a forex broker depends on your personal preferences, trading style, goals, and risk appetite. You may want to try out the demo accounts of both brokers to see which suits you better.
