eToro vs IQ Option: Comparison

Andriy BondarenkoAndriy Bondarenko
  • Year Founded: 2006
  • Broker Type: MM, Social
  • Platforms: eToro
  • Spread: High
  • Maximum Leverage: 1:30
  • Minimum Deposit: $200
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  • Year Founded: 2013
  • Broker Type: MM
  • Platforms: Quadcode
  • Spread: Average
  • Maximum Leverage: 1:500
  • Minimum Deposit: $10
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Our pick:

IQ Option

Based on multiple factors—spreads and fees, available assets and instruments, platforms and execution speed, quality of support and educational resources. This is not financial advice.

Comparison of eToro and IQ Option

FeatureeToroIQ Option
Broker
Year Founded20062013
Broker TypeMM, SocialMM
DealingB-bookB-book
ExecutionInstantMarket
RegulationSFSA, FCA, CySEC, ASIC, SECCySEC, SVGFSA
PlatformseToroQuadcode
Spread High Average
Maximum Leverage1:301:500
Minimum Deposit$200$10
Base CurrenciesUSDUSD, EUR, GBP, RUB
Funding MethodsBank Wire, Credit Card, Debit Card, PayPal, Skrill, Neteller, Klarna, Rapid Transfer, TrustlyBank Wire, Credit/Debit Cards (Visa, Mastercard), Skrill, Neteller, Webmoney, Volet.com, Perfect Money, Cardano (ADA), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Tether (USDT)
Inactivity Fee$10 per month after 12 months$10 per month after 90 days
Interest on Margin
Withdrawal Fee$5$30 on bank wire; other methods free
Investor ProtectionInvestor Compensation Fund (ICF)ICF
Protection Size€20 000€20 000
Segregated Accounts
Negative Balance Protection
Guaranteed Stop Loss
Copy Trading
VPS
MAM/PAMM
Scalping Allowed
EAs/Robots
Depth of Market (DOM)
Tradable Assets (CFDs)Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft CommoditiesCurrencies, Indices, Stocks, ETF, Cryptocurrencies, Metals, Energies, Soft Commodities
RevieweToro ReviewIQ Option Review

About eToro

eToro is a globally renowned social trading platform, offering a unique approach to forex and CFD trading through its innovative copy trading feature. Established in 2007 and regulated by multiple top-tier authorities, including the FCA, CySEC, and ASIC, eToro has become a popular choice for traders of all experience levels. The platform allows users to follow and copy successful traders, making it particularly appealing to beginners seeking to learn and profit from experienced professionals. Beyond social trading, eToro offers a diverse range of instruments, including forex, stocks, ETFs, commodities, and cryptocurrencies, making it a versatile platform for portfolio diversification. Its proprietary platform is user-friendly and comes with robust analytical tools, catering to both novice and seasoned traders. However, while eToro's zero-commission stock trading is a standout feature, its relatively high spreads and inactivity fees may deter cost-conscious traders.

Pros

  • Unique copy trading feature for following successful traders
  • Regulated by multiple top-tier authorities (FCA, CySEC, ASIC, etc.)
  • Offers a wide range of instruments, including cryptocurrencies and stocks
  • User-friendly proprietary platform with robust analytical tools
  • Zero-commission stock trading for non-leveraged positions
  • Integrated social features for sharing insights and strategies

Cons

  • Relatively high spreads compared to other brokers
  • Inactivity fees applied after 12 months of non-use
  • Limited options for advanced trading platforms like MT4 or MT5
  • Withdrawal fees for certain transactions
  • Customer support may have delayed response times during peak periods

About IQ Option

IQ Option is a regulated broker founded in 2013. It combines its own award-winning platform with a low $10 entry threshold and $1 trade size, offering 300+ instruments across CFDs and fixed-time options. The broker attracts both beginners and active traders with an intuitive interface, rich charting toolkit and 24/7 multilingual support. While spreads are competitive, availability is limited in a number of jurisdictions and binary options remain high-risk.

Pros

  • Low $10 minimum deposit and $1 trade size
  • Proprietary platform with 100+ indicators and built-in news feed
  • Wide range of instruments (300+), incl. 25+ crypto CFDs
  • Free practice account with $10 000 virtual funds
  • Fast withdrawals (1-3 days) and many funding methods
  • CySEC regulation and segregated client funds

Cons

  • Binary options classified as high-risk in many countries
  • Inactivity fee after 90 days
  • Higher spreads than ECN brokers; no MT4/MT5 support

eToro & IQ Option Regulation

Companies
eToro
eToro (Seychelles) Limited, eToro (UK) Ltd, Etoro (Europe) Ltd, eToro AUS Capital Limited, eToro USA Securities Inc.
IQ Option
IQ Option Europe Ltd, IQ Option LLC
Countries
eToro
Seychelles, United Kingdom, Cyprus, Australia, United States
IQ Option
Cyprus, Saint Vincent and the Grenadines
Regulators
eToro
SFSA, FCA, CySEC, ASIC, SEC
IQ Option
CySEC, SVGFSA
Investor Protection
eToro
Investor Compensation Fund (ICF)
IQ Option
ICF
Investor Protection Size
eToro
€20 000
IQ Option
€20 000
Publicly Traded
eToro
IQ Option
Segregated Accounts
eToro
IQ Option
Guaranteed Stop Loss
eToro
IQ Option
Negative Balance Protection
eToro
IQ Option

Account Types

Market Maker Account
Account Name
eToro
eToro
IQ Option
Standard
Min Deposit
eToro
$200
IQ Option
$10
Lot Size
eToro
0.01
IQ Option
0.01
Spread Type
eToro
Floating
IQ Option
Floating
Execution
eToro
Instant
IQ Option
Market
Min Spread
eToro
1
IQ Option
0.5
Fee
eToro
No
IQ Option
No
Max Leverage
eToro
1:30
IQ Option
1:500
Stop Out
eToro
50%
IQ Option
50%
Margin Call
eToro
100%
IQ Option
100%
Additional Features
Demo Account
eToro
IQ Option
VIP Account
eToro
IQ Option
Swap-Free Account
eToro
IQ Option
Copy Trading
eToro
IQ Option
VPS
eToro
IQ Option
PAMM/MAM Accounts
eToro
IQ Option
Binary Options
Account
eToro
IQ Option
Binary Options
Minimum Deposit
eToro
IQ Option
$10
Option Types
eToro
IQ Option
Call/Put, Turbo, Digital Options
Minimum Stake
eToro
IQ Option
$1
Payout
eToro
IQ Option
from 55% to 95%
Expiration Time
eToro
IQ Option
from 30 seconds to 30 days

Funding and Fees

Base currencies
eToro
USD
IQ Option
USD, EUR, GBP, RUB
Deposit and withdrawal methods
eToro
Bank Wire, Credit Card, Debit Card, PayPal, Skrill, Neteller, Klarna, Rapid Transfer, Trustly
IQ Option
Bank Wire, Credit/Debit Cards (Visa, Mastercard), Skrill, Neteller, Webmoney, Volet.com, Perfect Money, Cardano (ADA), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Tether (USDT)
Inactivity fee
eToro
$10 per month after 12 months
IQ Option
$10 per month after 90 days
Interest on margin
eToro
IQ Option
Withdrawal fee
eToro
$5
IQ Option
$30 on bank wire; other methods free

Trading Platforms and Conditions

Trading Platforms
eToro
eToro
IQ Option
Quadcode
Execution Speed
eToro
0 ms
IQ Option
10 ms
Scalping
eToro
IQ Option
Expert Advisors (EAs)
eToro
IQ Option
Depth of Market (DOM)
eToro
IQ Option
Spread
eToro
high
IQ Option
average

Trading Assets

Currencies
eToro
47
IQ Option
63
Indices
eToro
13
IQ Option
12
Stocks
eToro
2500
IQ Option
379
Cryptocurrencies
eToro
112
IQ Option
26
Bonds
eToro
0
IQ Option
0
Metals
eToro
7
IQ Option
3
Energies
eToro
2
IQ Option
3
Soft Commodities
eToro
4
IQ Option
3
ETFs
eToro
250
IQ Option
22

Education and Analytics

Economic Calendar
eToro
IQ Option
Indicators
eToro
IQ Option
Robots
eToro
IQ Option
Signals
eToro
IQ Option
Autochartist
eToro
IQ Option
Expert Analytics
eToro
IQ Option
News Feed
eToro
IQ Option
Education Articles
eToro
IQ Option
Webinars
eToro
IQ Option
Seminars
eToro
IQ Option

Contests

Demo Contests
Is available
eToro
IQ Option
Contests List
eToro
IQ Option
  • Weekend Treat
    Start Balance: $100 · Prize Pool: $1500 · Period: Weekly
    Learn More
  • Salary in a Day
    Start Balance: $100 · Prize Pool: $3,000 · Period: Weekly
    Learn More
  • Austin 1000
    Start Balance: $1000 · Prize Pool: $1000 · Period: Weekly
    Learn More
  • IQ Launch
    Start Balance: $100 · Prize Pool: $10000 · Period: Weekly
    Learn More
  • 72 Hours
    Start Balance: $100 · Prize Pool: $5000 · Period: Every 2 Weeks
    Learn More

Customer Support

Phone
LinkedIn
IQ Option
YouTube
eToro
IQ Option
Instagram
eToro
IQ Option
Twitter
eToro
IQ Option

Which Broker is Better?

After comparing eToro and IQ Option, IQ Option comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.

More Comparisons

Andriy Bondarenko

Andriy Bondarenko

Broker Analyst

Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.