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Comparison IQ Option vs Swissquote
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare IQ Option vs Swissquote. Which of them: IQ Option or Swissquote a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. IQ Option has a commission fee of from 0.16%, and Swissquote has a commission fee of from £15. When analyzing trading options, the commission fees of IQ Option is from 0.035%, and that one of Swissquote is £1 per contract (Minimum £5). Now, let’s compare commission fees in Forex, the commission fee of IQ Option is from 0.03%, and the commission fee of Swissquote is average spread of 1.3 pips. When analyzing commission fees in CFD: IQ Option provides from 0.16%, and Swissquote provides from 0.06%. 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 £1 per contract (Minimum £5) for IQ Option and Swissquote, 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, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided by Swissquote. Concerning the platforms, IQ Option uses Web Platform, Android App, iOS App, while Swissquote uses 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 Swissquote was founded in Switzerland in 1996, and it is regulated by FCA, FINMA, DFSA, MAS, SFC. We can withdraw funds from IQ Option with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And Swissquote provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is depends on account type. The withdrawal time for IQ Option is within 1 business day, and that one for Swissquote is 1-2 working days.
Overall, IQ Option boasts 3.9 stars versus Swissquote 4 stars.