| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FOREX.com | $100 Minimum Deposit | MT4, Web Trader, Advanced Trading Platform Trading Platforms | 300+ Markets To Trade | FOREX.com is a major MT4 broker allowing automated trading (MT5 is also offered in some regions) and provides a user friendly Web Trader About |
| IQ Option | $10 Minimum Deposit | Web Trader & Apps Trading Platforms | 300+ Markets To Trade | IQ Option provides a user friendly platform and has a low minimum deposit ($10) and order size ($1) About |
FOREX.com vs IQ Option Comparison
FOREX.com provides a range of online trading platforms, offering a downloaded platform, a web trader and MT4. IQ Option provides web trader and a downloaded version of it. Both offer apps for mobile and tablet trading. Each has a similar number of markets to trade, 300+. FOREX.com has a minimum deposit of $100, though IQ Option has an even smaller one ($10). By offering MT4, FOREX.com allows the trader to run automated trading strategies, with Expert Advisors (EAs).
Quick comparison
FOREX.com has more platforms including MT4 while IQ Option has a lower minimum deposit.
Minimum deposit and key account features
The minimum deposit for FOREX.com is $100. The minimum deposit for IQ Option is $10.
- FOREX.com has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website. The minimum trade size is 0.01 lots.
- 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.
Markets
- FOREX.com offers Forex, Indices, Cryptocurrencies, Energy, Metals, Stocks and Soft Commodities, with 300+ available.
- IQ Option offers Forex, Indices, Cryptocurrencies, Energy, Metals, Stocks, Soft Commodities, ETFs and Options, with 300+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| IQ Option Broker | Web Trader & Apps Trading Platforms | IQ Option provides trading on a user friendly platform (with a range of fundamental analysis tools) and has a low minimum deposit ($10) and order size ($1 or 0.001 lots) Description |
| FOREX.com Broker | MT4, Web Trader, Advanced Trading Platform Trading Platforms | FOREX.com provides trading on MT4 (allowing automated trading) and in some regions also MT5, and offers a user friendly Web Trader and its Advanced Trading Platform Description |
Cryptocurrencies
- FOREX.com offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
- IQ Option offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Stellar, Dash, EOS, Ethereum Classic, Qtum, OmiseGo, TRON and Zcash CFDs.
Trading Platforms
FOREX.com provides a web trader (called Web Trader), the Advanced Trading Platform (downloaded) and MT4. IQ Option provides a web trader and the capacity to download this platform. Both brokers offer mobile apps.
Why FOREX.com or IQ Option ?
Traders who want to trade on MT4 (and in some regions also MT5) may do so at FOREX.com. Traders who want to trade with online trading robots (automated trading) can do this at FOREX.com. Traders who want to trade on a user friendly platform can do this at either. Traders who want to trade on a platform with a low minimum deposit ($10) and order size ($1 or 0.001 lots) can do this at IQ Option. Traders who want to trade on a platform with a range of tools to assist the trader who plans and executes their own trades, can do this at FOREX.com (on the Advanced Trading Platform).
Comparison summary
- Both offer CFD trading
- Each provides a user friendly platform
- FOREX.com additionally offers MetaTrader
- FOREX.com addiitonally provides its Advanced Trading Platform
- IQ Option has a low minimum deposit ($10) and order size ($1)
