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Comparison Interactive Brokers vs IQ Option

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

First of all, we’ll compare the commission fees of the two brokers. The commission fee of Interactive Brokers on regular transactions of the stock exchange is $0.005, and IQ Option has a commission fee of from 0.16%. Let’s analyze the commission fees on trading options. Interactive Brokers has a commission fee of $0 + $0.70 per contract, IQ Option has a commission fee of from 0.035%. For trading in Forex, the commission fee of Interactive Brokers is 0.20 basis points, while the commission fee of IQ Option is from 0.03%. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: 0.15 basis points and from 0.093% for Interactive Brokers and IQ Option, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.

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, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided to customers by Interactive Brokers and Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Crypto Trading are provided by IQ Option. Concerning the platforms, Interactive Brokers uses Desktop Platform (Windows), Desktop Platform (MacOS), 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. Interactive Brokers was established in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. And IQ Option was established in 2013 in Seychelles, and it is regulated by Not Regulated. We can withdraw funds from Interactive Brokers with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And IQ Option provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The time for withdrawal in Interactive Brokers is 3-5 days, and that one in IQ Option is within 1 business day.

Overall, Interactive Brokers boasts 4.1 stars versus IQ Option 3.9 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
Interactive Brokers
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
IQ Option
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Forex Spreads
CFDs
Futures
Metals
Cryptocurrency
Interactive Brokers
Stock
$0.005
ETFs
$0
Options
$0 + $0.70 per contract
Mutual Funds
$14.95
Bonds
0.1% of face value
Forex Spreads
0.20 basis points
CFDs
N/A
Futures
$0.85 per contract
Metals
0.15 basis points
Cryptocurrency
$5 per contract
IQ Option
Stock
From 0.16%
ETFs
From 0.018%
Options
From 0.035%
Mutual Funds
N/A
Bonds
N/A
Forex Spreads
From 0.03%
CFDs
From 0.16%
Futures
N/A
Metals
From 0.093%
Cryptocurrency
From 0.064%

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
Interactive Brokers
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
IQ Option
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
Interactive Brokers
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
IQ Option
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform

Tools

Tools
Research & Analysis
Education
Demo account
Interactive Brokers
Research & Analysis
Education
Demo account
IQ Option
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
Interactive Brokers
Android App
iOS App
IQ Option
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency
Interactive Brokers
Minimum deposit
$0
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency
IQ Option
Minimum deposit
$10
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
Interactive Brokers
Bank Wire
Visa/Mastercard
Withdrawal Time
3-5 days
Withdrawal Fee
$0
IQ Option
Bank Wire
Visa/Mastercard
Withdrawal Time
Within 1 business day
Withdrawal Fee
Free

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Interactive Brokers
Сountry of Origin
United States
Year Founded
1978
Regulated By
NYSE, FINRA, SIPC
IQ Option
Сountry of Origin
Seychelles
Year Founded
2013
Regulated By
Not Regulated

Customer Service

Customer Service
Phone
Email
Live Chat
 
Interactive Brokers
Phone
1 (877) 442-2757
Email
Email form
Live Chat
Yes
IQ Option
Phone
+44 20 8068 0760
Email
support@iqoption.com
Live Chat
Yes

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