Comparison IQ Option vs UFX
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares IQ Option vs UFX. Is IQ Option or UFX 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 UFX has a commission fee of from 130. Now, let’s compare commission fees in Forex, the commission fee of IQ Option is from 0.03%, and the commission fee of UFX is from 2. We can also analyze commission fees for trading CFD: they are from 0.16% in IQ Option vs from 50 in UFX. 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 50 for IQ Option and UFX, 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, ETFs Trading, Forex Trading, Crypto Trading are provided by UFX. Concerning the platforms, IQ Option uses Web Platform, Android App, iOS App, while UFX 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 established in 2013 in Seychelles, and it is regulated by Not Regulated. And UFX was established in 2007 in Republic of Vanuatu, and it is regulated by VFSC. Withdrawal of funds from IQ Option can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And UFX provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The time for withdrawal in IQ Option is within 1 business day, and that one in UFX is up to 10 business days.
As a result, the rating of IQ Option is 3.9 stars versus that of UFX of 3.6 stars.