IG
iq option
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Overview
IG was founded in 1974 and is headquartered in UK, while iq option was established in 2019 and is based in United States. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. IG serves 178,500+ clients worldwide; iq option has 14,000,000+. The minimum deposit is $200 at IG and $250 at iq option.
| Feature | IG | iq option |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) | 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 | 1974 | 2019 |
| Country | UK | United States |
| Clients | 178,500+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between IG and iq option, directly affecting your bottom line as a trader. IG has a lower barrier to entry with a minimum deposit of $200 (vs $250 at iq option). iq option charges withdrawal fees while IG does not, giving IG an edge for frequent withdrawers. iq option charges deposit fees; IG does not. Overall, IG scores higher on fees in our assessment.
| Feature | IG | iq option |
|---|---|---|
| Min. Deposit | $200 | $250 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
IG offers MT4, MT5, cTrader, while iq option supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. IG supports social and copy trading features, which iq option does not offer. The two brokers are closely matched on platform offering.
| Feature | IG | 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, Web Trader, L2 Dealer, 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 IG and iq option compare. IG runs regular live webinars; iq option does not. IG has a video library; iq option does not. IG publishes daily market commentary; iq option does not. IG integrates third-party research tools (Trading Central); iq option does not. IG maintains an archive of past webinars for on-demand viewing. IG scores higher overall in education and research.
| Feature | IG | iq option |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. IG accepts 3 of the tracked payment methods (bank transfer, credit/debit card, PayPal), while iq option supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). iq option uniquely supports Skrill and Neteller among the two brokers. iq option scores higher on deposit and withdrawal flexibility.
| Feature | IG | iq option |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | 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 IG and iq option offer live chat support. Both provide phone support. Email support is available at both brokers. IG supports 5 languages and iq option supports 8, giving iq option broader global reach. Both brokers are comparable on support quality.
| Feature | IG | iq option |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, French, German, Spanish, and Portuguese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |