Finpro
iq option
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Finpro was founded in 2008 and is headquartered in GRENADINES, while iq option was established in 2019 and is based in United States. Finpro holds licences including Unregulated, while iq option is regulated by Financial Conduct Authority (FCA) among others. Finpro serves 10,000+ clients worldwide; iq option has 14,000,000+. The minimum deposit is $0 at Finpro and $250 at iq option.
| Feature | Finpro | iq option |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Regulation | Unregulated | 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 | 2008 | 2019 |
| Country | GRENADINES | United States |
| Clients | 10,000+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between Finpro and iq option, directly affecting your bottom line as a trader. Finpro has a lower barrier to entry with a minimum deposit of $0 (vs $250 at iq option). iq option charges withdrawal fees while Finpro does not, giving Finpro an edge for frequent withdrawers. Finpro applies inactivity fees on dormant accounts; iq option does not. iq option charges deposit fees; Finpro does not. Overall, Finpro scores higher on fees in our assessment.
| Feature | Finpro | iq option |
|---|---|---|
| Min. Deposit | $0 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Finpro offers MT4, MT5, cTrader, while iq option supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | Finpro | 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 | 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 Finpro and iq option compare. The two brokers are evenly matched on educational content.
| Feature | Finpro | iq option |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Finpro accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while iq option supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). iq option uniquely supports PayPal and Skrill and Neteller among the two brokers. iq option scores higher on deposit and withdrawal flexibility.
| Feature | Finpro | iq option |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Finpro and iq option offer live chat support. Both provide phone support. Email support is available at both brokers. Finpro supports 2 languages and iq option supports 8, giving iq option broader global reach. Both brokers are comparable on support quality.
| Feature | Finpro | iq option |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |