Comparison IQ Option vs Tastyworks
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares IQ Option vs Tastyworks. Is IQ Option or Tastyworks 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 Tastyworks has a commission fee of $0. Let’s analyze the commission fees on trading options. IQ Option has a commission fee of from 0.035%, Tastyworks has a commission fee of $1. You can read more detailed information on commission fees in the online broker reviews.
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 Tastyworks provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Futures Trading. Concerning the platforms, IQ Option uses Web Platform, Android App, iOS App, while Tastyworks uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. IQ Option was founded in 2013 in Seychelles, and it is regulated by Not Regulated. And Tastyworks was founded in 2017 in United States, and it is regulated by FINRA, NFA and SIPC. Withdrawal of funds from IQ Option can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And Tastyworks provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $25-45. The withdrawal time for IQ Option is within 1 business day, and that one for Tastyworks is 3 business days.
Overall, IQ Option boasts 3.9 stars versus Tastyworks 4 stars.