Comparison E*TRADE vs IQ Option
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares E*TRADE vs IQ Option. Is E*TRADE or IQ Option a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of E*TRADE on regular transactions of the stock exchange is $6.95, and IQ Option has a commission fee of from 0.16%. Let’s analyze the commission fees on trading options. E*TRADE has a commission fee of $6.95 + $0.75 per contract, IQ Option has a commission fee of from 0.035%. For a more complete picture, let’s consider trading in the metal market, where E*TRADE and IQ Option have commission fees of $1.50 per contract and from 0.093%, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are E*TRADE provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading, Robo Advisor, and IQ Option provides customers with Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Crypto Trading. As for platforms, E*TRADE offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App, while IQ Option offers 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. E*TRADE was established in 1982 in United States, and it is regulated by FINRA,. And IQ Option was established in 2013 in Seychelles, and it is regulated by Not Regulated. Withdrawal of funds from E*TRADE can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And IQ Option provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The time for withdrawal in E*TRADE is 3 days, and that one in IQ Option is within 1 business day.
Overall, E*TRADE boasts 4.3 stars versus IQ Option 3.9 stars.