Compare IQ Option vs SuperForex
What is IQ Option? What is SuperForex ?
IQ Option is an award-winning mobile trading platform that provides clients with an opportunity to trade 200+ assets, including currencies, indices, commodities, stocks and cryptocurrencies. IQ Option was founded in 2013 and has over 40 million members and counting. IQ Option has a user-friendly interface, fast order execution, low minimum deposit and various bonuses and educational resources.
SuperForex is a global ECN broker that offers online currency trading, CFD, stocks, commodities, futures and precious metals via MT4 trading platform. SuperForex was established in 2013 and has over 2 million customers worldwide. SuperForex has a wide range of payment methods, local currency accounts, high leverage, low spreads and various promotions and contests.
IQ Option vs SuperForex Regulation Comparison
IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 247/14. IQ Option also complies with the European Securities and Markets Authority (ESMA) rules and the Financial Conduct Authority (FCA) standards.
SuperForex is regulated by the International Financial Services Commission (IFSC) under license number IFSC/60/292/TS/15. SuperForex also follows the principles of the Markets in Financial Instruments Directive (MiFID) and the Anti-Money Laundering (AML) policy.
IQ Option vs SuperForex Trading Assets Comparison
| Trading Assets | IQ Option | SuperForex |
|---|---|---|
| Currencies | Yes | Yes |
| Cryptocurrencies | Yes | Yes |
| Indices | Yes | Yes |
| Stocks | Yes | Yes |
| Commodities | Yes | Yes |
| ETFs | Yes | No |
| Futures | No | Yes |
| Metals | No | Yes |
IQ Option vs SuperForex Trading Fees Comparison
IQ Option charges a fixed spread for most of its trading instruments, which varies depending on the market conditions and the asset type. The average spread for EUR/USD is 1.2 pips, for gold is 4 pips, for oil is 5 pips and for Bitcoin is 0.5%. IQ Option also charges a swap fee for holding positions overnight, which can be positive or negative depending on the direction of the trade and the interest rate differential. IQ Option does not charge any commission or deposit/withdrawal fees.
SuperForex offers different types of accounts with different spreads and commissions. For standard accounts, SuperForex charges a fixed spread of 2 pips for EUR/USD, 50 pips for gold, 5 pips for oil and 1000 pips for Bitcoin. For ECN accounts, SuperForex charges a floating spread of 0.4 pips for EUR/USD, 10 pips for gold, 1 pip for oil and 200 pips for Bitcoin, plus a commission of $5 per lot per side. SuperForex also charges a swap fee for holding positions overnight, which can be positive or negative depending on the direction of the trade and the interest rate differential. SuperForex does not charge any deposit fees, but may charge some withdrawal fees depending on the payment method.
IQ Option vs SuperForex Account Types Comparison
IQ Option offers two types of accounts: demo and real. The demo account is free and refillable with $10,000 virtual money. The real account requires a minimum deposit of $20 (or equivalent in other currencies) and allows access to all trading instruments and features. The real account also supports several base currencies (including USD, EUR, GBP, JPY and more) and has a leverage of up to 1:1000.
SuperForex offers four types of accounts: standard, Profi-STP, ECN and crypto. The standard account is suitable for beginners and supports many base currencies (including USD, EUR, GBP, JPY and more). It has a fixed spread, a minimum deposit of $1 (or equivalent in other currencies) and a leverage of up to 1:1000. The Profi-STP account is designed for experienced traders who prefer higher trading volumes. It has no spread or swap, a minimum deposit of $5,000 (or equivalent in other currencies) and a leverage of up to 1:3000. The ECN account is faster and more accurate than the standard/Profi-STP accounts. It has a floating spread, a commission of $5 per lot per side, a minimum deposit of $500 (or equivalent in other currencies) and a leverage of up to 1:1000. The crypto account is specialized for trading cryptocurrencies. It has a fixed spread, a minimum deposit of $100 (or equivalent in other currencies) and a leverage of up to 1:10.
IQ Option vs SuperForex Deposit Options Comparison
IQ Option supports a wide range of payment methods, including credit/debit cards, e-wallets, bank transfers and cryptocurrencies. The minimum deposit and withdrawal amount is $20 (or equivalent in other currencies) and the processing time is usually instant or within 24 hours. IQ Option does not charge any fees for deposits or withdrawals, but some payment providers may charge some fees.
SuperForex also supports a wide range of payment methods, including credit/debit cards, e-wallets, bank transfers and cryptocurrencies. The minimum deposit amount is $1 (or equivalent in other currencies) and the minimum withdrawal amount is $10 (or equivalent in other currencies). The processing time varies depending on the payment method, but is usually within 24 hours. SuperForex does not charge any fees for deposits, but may charge some fees for withdrawals depending on the payment method.
IQ Option vs SuperForex Trading Platforms Comparison
IQ Option provides its own proprietary trading platform, which is available for desktop, web and mobile devices. The platform has a clean and intuitive interface, created to meet the needs of the most demanding traders. The platform offers various features, such as multiple chart layouts, technical analysis, historical quotes, alerts, risk management tools, trading community and more.
SuperForex uses the MetaTrader 4 (MT4) trading platform, which is one of the most popular and widely used platforms in the industry. The platform is available for desktop, web and mobile devices. The platform offers various features, such as multiple chart types, technical indicators, market news, expert advisors, trading signals and more.
IQ Option vs SuperForex Analytical Tools Comparison
IQ Option provides various analytical tools to help traders make informed decisions and optimize their trading strategies. Some of these tools include:
- News Feed: A stream of market news and analysis from reputable sources.
- Economic Calendar: A list of upcoming economic events and indicators that may affect the market movements.
- Price Alerts: Notifications that inform traders when the price of an asset reaches a certain level.
- Trading History: A record of all past trades and their outcomes.
- Video Tutorials: Educational videos that cover various topics related to trading.
- Blog Articles: Informative articles that cover various topics related to trading.
SuperForex also provides various analytical tools to help traders make informed decisions and optimize their trading strategies. Some of these tools include:
- Market News: A stream of market news and analysis from reputable sources.
- Economic Calendar: A list of upcoming economic events and indicators that may affect the market movements.
- Trading Signals: Recommendations on when to buy or sell an asset based on technical analysis.
- Forex Copy: A service that allows traders to copy the trades of successful traders.
- Pattern Graphix: A tool that identifies and displays various chart patterns on the trading platform.
- Forex TV: A video channel that broadcasts market news and analysis.
IQ Option vs SuperForex . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, risk appetite, level of experience and other factors. However, you can see some of the advantages and disadvantages of each broker and decide which broker is a better fit for you. Here are some possible criteria to consider:
- If you prefer a user-friendly and innovative trading platform, you may like IQ Option better than SuperForex.
- If you prefer a more established and widely used trading platform, you may like SuperForex better than IQ Option.
- If you want to trade a variety of assets, including ETFs and futures, you may find more options with IQ Option than SuperForex.
- If you want to trade with higher leverage and lower spreads, you may find better conditions with SuperForex than IQ Option.
- If you want to trade with local currency accounts and avoid conversion fees, you may benefit from SuperForex’s feature more than IQ Option’s.
- If you want to access various bonuses and promotions, you may find more opportunities with SuperForex than IQ Option.
In the end, the best way to choose a forex broker is to experiment yourself. You can open a demo account with both brokers and test their platforms, services and features without any real money risk. You can also read reviews and feedback from other traders who have used both brokers and learn from their experiences. By doing your own research and experimentation, you can make an informed decision that works best for you.
