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Comparison IQ Option vs Zacks Trade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare IQ Option vs Zacks Trade. Which of them: IQ Option or Zacks Trade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of IQ Option on regular transactions of the stock exchange is from 0.16%, and Zacks Trade has a commission fee of $0.01 per share with $1 minimum or 1% of trade value if <$1 per share. Let’s analyze the commission fees on trading options. IQ Option has a commission fee of from 0.035%, Zacks Trade has a commission fee of $1 for First Contract + $0.75 per additional. Now, let’s compare commission fees in Forex, the commission fee of IQ Option is from 0.03%, and the commission fee of Zacks Trade is -. When analyzing commission fees in CFD: IQ Option provides from 0.16%, and Zacks Trade provides -. For a more complete picture, let’s consider trading in the metal market, where IQ Option and Zacks Trade have commission fees of from 0.093% and -, 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 Zacks Trade provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. Concerning the platforms, IQ Option uses Web Platform, Android App, iOS App, while Zacks Trade uses Desktop Platform (Windows), Desktop Platform (MacOS), 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 founded in 2013 in Seychelles, and it is regulated by Not Regulated. And Zacks Trade was founded in Original company 1978, online brokerage 2008 in United States, and it is regulated by SEC, FINRA, SIPC. Withdrawal of funds from IQ Option can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And Zacks Trade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of 1 withdrawal free monthly. The time for withdrawal in IQ Option is within 1 business day, and that one in Zacks Trade is 4-7 working days.
As a result, the rating of IQ Option is 3.9 stars versus that of Zacks Trade of 4 stars.