AvaTrade
iq option
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while iq option was established in 2019 and is based in United States. AvaTrade holds licences including Central Bank of Ireland, while iq option is regulated by Financial Conduct Authority (FCA) among others. AvaTrade serves 200,000+ clients worldwide; iq option has 14,000,000+. Both brokers share the same minimum deposit of $250.
| Feature | AvaTrade | iq option |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F262 |
| Founded | 2006 | 2019 |
| Country | The British Virgin Islands | United States |
| Clients | 200,000+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and iq option, directly affecting your bottom line as a trader. Both require a minimum deposit of $250. iq option charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. iq option charges deposit fees; AvaTrade does not. Overall, AvaTrade scores higher on fees in our assessment.
| Feature | AvaTrade | iq option |
|---|---|---|
| Min. Deposit | $250 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while iq option supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. AvaTrade supports social and copy trading features, which iq option does not offer. The two brokers are closely matched on platform offering.
| Feature | AvaTrade | iq option |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and iq option compare. AvaTrade has a video library; iq option does not. AvaTrade integrates third-party research tools (Autochartist); iq option does not. AvaTrade scores higher overall in education and research.
| Feature | AvaTrade | iq option |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while iq option supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). iq option uniquely supports Skrill among the two brokers. iq option scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | iq option |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and iq option offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and iq option supports 8, giving iq option broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | iq option |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |