Swissquote Bank vs IQ Option
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Swissquote Bank currently holds a stronger overall rating (4.8) than IQ Option (4.4).
Swissquote Bank has a higher minimum deposit than IQ Option, at 1000.0.
Traders should note that
both companies offer the same minimum lot size 1.0, but Swissquote Bank has a maximum lot size of 1.0, while IQ Option offers 20000.0.
Swissquote Bank offers a lower maximum leverage of 1:100, whereas IQ Option allows trading with up to 1:500.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 1000.0 | 10.0 |
| Commission | 0.0 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 1.0 | 1.0 |
| Maximum lot size | 1.0 | 20000.0 |
| Spread | - | Variable |
| Broker type | STP | Dealing Desk |
| Maximal leverage (1:?) | 100 | 500 |
| Availability | STP | Dealing Desk |
| Regulation | FCA (UK), FINMA (Switzerland), MFSA (Malta), DFSA (UAE) | CySEC (Cyprus) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Credit Card | Wire Transfer, Credit Card, Debit Card, Check, Online Check, WebMoney, cashU, Neteller, Skrill, FasaPay, Qiwi, Bitcoin, WeChat Pay, iDeal, Sofort Banking |
| Account Currency | USD | USD, GBP, EUR, ZAR, RUB |
| Languages | English | English, Spanish, French, German, Portuguese, Italian, Greek, Russian, Chinese, Bangla, Polish, Indonesian, Thai, Arabic, Vietnamese, Dutch, Swedish, Urdu, Hindi, Czech, Latvian, Romanian |
| Country | Switzerland | Antigua and Barbuda |
| Trading platform(s) timezone | China, Singapore, Uganda, United Kingdom | Antigua and Barbuda |
| Other trading instruments | Stocks, Commodities, Precious Metals | Stocks, Options, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
