Comparison IQ Option vs Plus500
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare IQ Option vs Plus500. Which of them: IQ Option or Plus500 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 Plus500 has a commission fee of from 0.45%. Let’s analyze the commission fees on trading options. IQ Option has a commission fee of from 0.035%, Plus500 has a commission fee of from 2 pips. Now, let’s compare commission fees in Forex, the commission fee of IQ Option is from 0.03%, and the commission fee of Plus500 is from 0.6 pips. When analyzing commission fees in CFD: IQ Option provides from 0.16%, and Plus500 provides from 0.065%. 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 from 0.03% for IQ Option and Plus500, 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, Options Trading, ETFs Trading, Forex Trading, Crypto Trading are provided to customers by IQ Option and Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading are provided by Plus500. Concerning the platforms, IQ Option uses Web Platform, Android App, iOS App, while Plus500 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. IQ Option was established in 2013 in Seychelles, and it is regulated by Not Regulated. And Plus500 was established in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. We can withdraw funds from IQ Option with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And Plus500 provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is £0. The time for withdrawal in IQ Option is within 1 business day, and that one in Plus500 is 1-2 working days.
Overall, IQ Option boasts 3.9 stars versus Plus500 4 stars.