iq option
XGLOBAL Markets
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
iq option was founded in 2019 and is headquartered in United States, while XGLOBAL Markets was established in 2008 and is based in Cyprus. iq option holds licences including Financial Conduct Authority (FCA), while XGLOBAL Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. iq option serves 14,000,000+ clients worldwide; XGLOBAL Markets has 10,000+. The minimum deposit is $250 at iq option and $500 at XGLOBAL Markets.
| Feature | iq option | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $250 | $500 |
| 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 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2019 | 2008 |
| Country | United States | Cyprus |
| Clients | 14,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between iq option and XGLOBAL Markets, directly affecting your bottom line as a trader. iq option has a lower barrier to entry with a minimum deposit of $250 (vs $500 at XGLOBAL Markets). Both brokers charge withdrawal fees. iq option charges deposit fees; XGLOBAL Markets does not. The two brokers are broadly comparable on fee structure.
| Feature | iq option | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $250 | $500 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
iq option offers MT4, MT5, cTrader, while XGLOBAL Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. The two brokers are closely matched on platform offering.
| Feature | iq option | XGLOBAL Markets |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Desktop,iOS,Android |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how iq option and XGLOBAL Markets compare. XGLOBAL Markets has a video library; iq option does not. XGLOBAL Markets integrates third-party research tools (Autochartist); iq option does not. XGLOBAL Markets scores higher overall in education and research.
| Feature | iq option | XGLOBAL Markets |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
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 XGLOBAL Markets 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 | XGLOBAL Markets |
|---|---|---|
| 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 XGLOBAL Markets offer live chat support. Both provide phone support. Email support is available at both brokers. iq option supports 8 languages and XGLOBAL Markets supports 2, giving iq option broader global reach. Both brokers are comparable on support quality.
| Feature | iq option | XGLOBAL Markets |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |