Comparison of eToro and IQ Option
Feature | eToro | IQ Option |
---|---|---|
Broker | ||
Year Founded | 2006 | 2013 |
Broker Type | MM, Social | MM |
Dealing | B-book | B-book |
Execution | Instant | Market |
Regulation | SFSA, FCA, CySEC, ASIC, SEC | CySEC, SVGFSA |
Platforms | eToro | Quadcode |
Spread | ⬈ High | ⮕ Average |
Maximum Leverage | 1:30 | 1:500 |
Minimum Deposit | $200 | $10 |
Base Currencies | USD | USD, EUR, GBP, RUB |
Funding Methods | Bank Wire, Credit Card, Debit Card, PayPal, Skrill, Neteller, Klarna, Rapid Transfer, Trustly | 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 | $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 Protection | Investor 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 Commodities | Currencies, Indices, Stocks, ETF, Cryptocurrencies, Metals, Energies, Soft Commodities |
Review | eToro Review | IQ 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
Feature | eToro | IQ Option |
---|---|---|
Companies | eToro (Seychelles) Limited, eToro (UK) Ltd, Etoro (Europe) Ltd, eToro AUS Capital Limited, eToro USA Securities Inc. | IQ Option Europe Ltd, IQ Option LLC |
Countries | Seychelles, United Kingdom, Cyprus, Australia, United States | Cyprus, Saint Vincent and the Grenadines |
Regulators | SFSA, FCA, CySEC, ASIC, SEC | CySEC, SVGFSA |
Investor Protection | Investor Compensation Fund (ICF) | ICF |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
Account | eToro | IQ Option |
---|---|---|
Market Maker Account | ||
Account Name | eToro | Standard |
Min Deposit | $200 | $10 |
Lot Size | 0.01 | 0.01 |
Spread Type | Floating | Floating |
Execution | Instant | Market |
Min Spread | 1 | 0.5 |
Fee | No | No |
Max Leverage | 1:30 | 1:500 |
Stop Out | 50% | 50% |
Margin Call | 100% | 100% |
Additional Features | ||
Demo Account | ||
VIP Account | ||
Swap-Free Account | ||
Copy Trading | ||
VPS | ||
PAMM/MAM Accounts | ||
Binary Options | ||
Account | — | Binary Options |
Minimum Deposit | — | $10 |
Option Types | — | Call/Put, Turbo, Digital Options |
Minimum Stake | — | $1 |
Payout | — | from 55% to 95% |
Expiration Time | — | from 30 seconds to 30 days |
Funding and Fees
Feature | eToro | IQ Option |
---|---|---|
Base currencies | USD | USD, EUR, GBP, RUB |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, PayPal, Skrill, Neteller, Klarna, Rapid Transfer, Trustly | 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 | $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 |
Trading Platforms and Conditions
Feature | eToro | IQ Option |
---|---|---|
Trading Platforms | eToro | Quadcode |
Execution Speed | 0 ms | 10 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | high | average |
Trading Assets
Asset | eToro | IQ Option |
---|---|---|
Currencies | 47 | 63 |
Indices | 13 | 12 |
Stocks | 2500 | 379 |
Cryptocurrencies | 112 | 26 |
Bonds | 0 | 0 |
Metals | 7 | 3 |
Energies | 2 | 3 |
Soft Commodities | 4 | 3 |
ETFs | 250 | 22 |
Education and Analytics
Feature | eToro | IQ Option |
---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Contests
Feature | eToro | IQ Option |
---|---|---|
Demo Contests | ||
Is available | ||
Contests List | — |
|
- Weekend TreatStart Balance: $100 · Prize Pool: $1500 · Period: WeeklyLearn More
- Salary in a DayStart Balance: $100 · Prize Pool: $3,000 · Period: WeeklyLearn More
- Austin 1000Start Balance: $1000 · Prize Pool: $1000 · Period: WeeklyLearn More
- IQ LaunchStart Balance: $100 · Prize Pool: $10000 · Period: WeeklyLearn More
- 72 HoursStart Balance: $100 · Prize Pool: $5000 · Period: Every 2 WeeksLearn More
Customer Support
Contact | eToro | IQ Option |
---|---|---|
Email | customerservice@etoro.com | support@iqoption.com |
Phone | +1800778439 | +35724257707 |
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | — | |
Twitter |
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.
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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.