iq option
Uphold
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Overview
iq option was founded in 2019 and is headquartered in United States, while Uphold was established in 2013 and is based in United States. iq option holds licences including Financial Conduct Authority (FCA), while Uphold is regulated by FCA and FINCEN: Uphold Europe Limited among others. iq option serves 14,000,000+ clients worldwide; Uphold has 4,000,000+. The minimum deposit is $250 at iq option and $1 at Uphold.
| Feature | iq option | Uphold |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Regulation | 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 | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 |
| Founded | 2019 | 2013 |
| Country | United States | United States |
| Clients | 14,000,000+ | 4,000,000+ |
Fees
Fees are a critical factor when choosing between iq option and Uphold, directly affecting your bottom line as a trader. Uphold has a lower barrier to entry with a minimum deposit of $1 (vs $250 at iq option). iq option charges withdrawal fees while Uphold does not, a notable advantage for frequent withdrawers. iq option charges deposit fees; Uphold does not. Overall, Uphold scores higher on fees in our assessment.
| Feature | iq option | Uphold |
|---|---|---|
| Min. Deposit | $250 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
iq option offers MT4, MT5, cTrader, while Uphold supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. iq option edges ahead on platform breadth and functionality in our scoring.
| Feature | iq option | Uphold |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web, Desktop & Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how iq option and Uphold compare. Uphold runs regular live webinars; iq option does not. Uphold has a video library; iq option does not. Uphold maintains an archive of past webinars for on-demand viewing. Uphold scores higher overall in education and research.
| Feature | iq option | Uphold |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | Yes |
| 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. iq option accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Uphold supports 2 (bank transfer, credit/debit card). iq option uniquely supports PayPal and Skrill and Neteller among the two brokers. iq option scores higher on deposit and withdrawal flexibility.
| Feature | iq option | Uphold |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both iq option and Uphold offer live chat support. iq option offers phone support; Uphold does not. Email support is available at both brokers. iq option supports 8 languages and Uphold supports 1, giving iq option broader global reach. iq option scores higher overall on customer support in our assessment.
| Feature | iq option | Uphold |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English |