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IQ Option vs WCG Markets Ltd
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, IQ Option currently holds a stronger overall rating (4.4) than WCG Markets Ltd (0).
IQ Option has a lower minimum deposit, at 10.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping.
Traders should note that
IQ Option offers a minimum lot size of 1.0 and a maximum lot size of 20000.0, while WCG Markets Ltd offers 0.01 and 20.0.
Each broker offers an equal maximum leverage of 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 ($) | 10.0 | 100.0 |
| 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 | 4 |
| Minimum lot size | 1.0 | 0.01 |
| Maximum lot size | 20000.0 | 20.0 |
| Spread | Variable | Variable |
| Broker type | Dealing Desk | STP, ECN, Pro |
| Maximal leverage (1:?) | 500 | 500 |
| Availability | Dealing Desk | STP, ECN, Pro |
| Regulation | CySEC (Cyprus) | - |
| Trading Platforms | Web Platform, Mobile Platform | MetaTrader 5 (MT5) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Check, Online Check, WebMoney, cashU, Neteller, Skrill, FasaPay, Qiwi, Bitcoin, WeChat Pay, iDeal, Sofort Banking | UnionPay, Payment Asia, Help2pay, USDT |
| Account Currency | USD, GBP, EUR, ZAR, RUB | USD |
| Languages | English, Spanish, French, German, Portuguese, Italian, Greek, Russian, Chinese, Bangla, Polish, Indonesian, Thai, Arabic, Vietnamese, Dutch, Swedish, Urdu, Hindi, Czech, Latvian, Romanian | English, Simplified Chinese, Traditional Chinese |
| Country | Antigua and Barbuda | Hong Kong |
| Trading platform(s) timezone | Antigua and Barbuda | Hong Kong |
| Other trading instruments | Stocks, Options, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals | CFDs, Precious Metals, Forex, CFDs: Indices, Commodities, Energies |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
