Comparison eToro vs IQ Option

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare eToro vs IQ Option. Which of them: eToro or IQ Option a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of eToro on regular transactions of the stock exchange is 0.09% spread per side, and IQ Option has a commission fee of from 0.16%. Now, let’s compare commission fees in Forex, the commission fee of eToro is from 3 pips, and the commission fee of IQ Option is from 0.03%. When analyzing commission fees in CFD: eToro provides from 0.09%, and IQ Option provides from 0.16%. For a more complete picture, let’s consider trading in the metal market, where eToro and IQ Option have commission fees of from 2 pips and from 0.093%, respectively. You can read more detailed information on commission fees in the online broker reviews.

It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided to customers by eToro and Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Crypto Trading are provided by IQ Option. Concerning the platforms, eToro uses Web Platform, Android App, iOS App, while IQ Option uses Web Platform, Android App, iOS App.

In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. eToro was established in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. And IQ Option was established in 2013 in Seychelles, and it is regulated by Not Regulated. We can withdraw funds from eToro with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $25. And IQ Option provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The withdrawal time for eToro is within 1 business day, and that one for IQ Option is within 1 business day.

Overall, eToro boasts 4.5 stars versus IQ Option 3.9 stars.