| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| AvaTrade | $100 Minimum Deposit | MT4, MT5, Web Trader, AvaOptions Trading Platforms | 1000+ Markets To Trade | AvaTrade offers trading on MT4 and MT5 (allowing automated trading) and on its user friendly Web Trader and offers social and copy trading About |
| IQ Option | $10 Minimum Deposit | IQ Option Platform Trading Platforms | 300+ Markets To Trade | IQ Option provides a user friendly platform, with a wide range of tools for traders and has a low minimum trade size ($10) About |
AvaTrade vs IQ Option Comparison
AvaTrade is an MT4 and MT5 broker which allows the use of MT4 and MT5 automated trading strategies (Expert Advisors - EAs) and also supports social and copy trading as well as offering a user friendly platform. IQ Option provides a user friendly online trading platform with a range of technical and fundamental tools and can also offer social trading information.
Both brokers have a relatively wide range of markets to trade, including FX Vanilla Options. IQ Option has a smaller minimum deposit than AvaTrade ($10 vs $100). IQ Option offers a minimum order size of $1, thus a trader can potentially trade with a smaller account size.
Quick comparison
AvaTrade is an MT4 and MT5 broker with additionally a web trader, while IQ Option offers its trading platform. IQ Option has a lower minimum deposit while AvaTrade allows MT4 and MT5 EAs and social and copy trading.
Minimum deposit and key account features
The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for IQ Option is $10.
- AvaTrade provides an Economic Calendar on its web site and Trading Central (which provides analysis). Additionally AvaTrade offers AvaSocial which supports social and copy trading. AvaTrade allows the use of EA trading robots.
- IQ Option has Market Analysis, News, a Forex Calendar, an Earnings Calendar and a Crypto Calendar on its trading platform. The minimum order size is $1.
| Broker | Trading Platforms | Demo Accounts |
|---|---|---|
| IQ Option Broker | Web Trader & Apps Trading Platforms | IQ Option provides a free demo where the trader can test out its platform and features such as the Crypto, Forex and Earnings Calendars and 100+ indicators Demo Account |
| eToro Broker | Web Trader & Apps, MT4, MT5 Trading Platforms | AvaTrade offers a user friendly web trader, which the trader can test out in a free demo account Demo Account |
Markets
- AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy and Metals, with 35+ available.
- AvaTrade offers CFD trading in Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks, ETFs, Options and Bonds, with 1000+ available.
- IQ Option offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities, Stocks, ETFs and Options, with 300+ available.
Cryptocurrency CFDs
- AvaTrade offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, EOS, Stellar, Chainlink, Uniswap, NEO, IOTA and Bitcoin Gold CFDs.
- IQ Option offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, EOS, Stellar, Ethereum Classic, QTUM, Zcash, TRON and OmiseGO CFDs.
Leverage
Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for IQ Option (CySEC regulated) is .
Online trading platforms
AvaTrade offers a web trader, MT4, MT5 and AvaOptions as well as apps. IQ Option offers a web trader, a downloaded version and apps.
Why AvaTrade or IQ Option ?
Both brokers offer a relatively wide range of CFD markets to trade, including Stocks CFD and Cryptocurrency CFDs, though AvaTrade has more overall. When trading a CFD, the trader does not own the underlying market. Traders who wish to trade FX Options CFDs can do so at either broker. Traders who want to use online trading robots on MT4 and MT5 and social and copy trading can do so at AvaTrade. Traders who want to trade with small order sizes and a low minimum deposit on a user friendly trading platform can do so at IQ Option.
Comparison summary
- Both offer CFD trading
- In the UK, AvaTrade also provides MT4 spread betting
- AvaTrade offers MT4 and MT5
- Each offers user friendly trading platforms
- AvaTrade has 1000+ markets to trade
- Both offer FX Options and Stocks CFDs
- AvaTrade supports EAs on MT4 and MT5
- IQ Option has a low minimum deposit ($10) and order size ($1)
