Comparison IQ Option vs IronFX
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare IQ Option vs IronFX. Which of them: IQ Option or IronFX a better online broker?
First of all, we’ll compare the commission fees of the two brokers. IQ Option has a commission fee of from 0.16%, and IronFX has a commission fee of spreads from 0.3 pips, commissions of 0.10%. Now, let’s compare commission fees in Forex, the commission fee of IQ Option is from 0.03%, and the commission fee of IronFX is from 0.5 pips. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 0.093% and spreads from 0.04 pips for IQ Option and IronFX, 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 IQ Option provides customers with Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Crypto Trading, and IronFX provides customers with Stocks Trading, Forex Trading, Futures Trading, Crypto Trading. As for platforms, IQ Option offers Web Platform, Android App, iOS App, while IronFX offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, 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. IQ Option was founded in 2013 in Seychelles, and it is regulated by Not Regulated. And IronFX was founded in 2010 in Cyprus, and it is regulated by FCA, ASIC, CySEC, FSB. Withdrawal of funds from IQ Option can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And IronFX provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The withdrawal time for IQ Option is within 1 business day, and that one for IronFX is 1 - 5 business days.
As a result, the rating of IQ Option is 3.9 stars versus that of IronFX of 4.8 stars.