Both FP Markets and IQ Option are significant players in the online trading space, but is one a more superior choice over the other? After a comprehensive analysis, the answer is: It depends. It primarily depends on your trading goals and personal preferences. There is no ‘one-size-fits-all’ when it comes to trading platforms, but let’s dive in to pick apart these platforms’ aspects.
Key Takeaways
→FP Markets and IQ Option excel in different trading aspects; the higher shot is related to your trading preferences. |
→FP Markets provides broad market access and superior trading tools; IQ Option focuses on simplicity and intuitiveness. |
→Fees, security, customer service, and educational resources are also significant considerations when choosing a platform. |
By Bart Bregman
Fact checked: by Shrijan Dangol
Our broker rankings are based on thorough research and analysis. We put a strong emphasis on transparency, regulatory oversight, and client feedback.
(Data
last updated:
14-09-2023)
🏢Company Background:
Data | FP Markets | IQ Option |
---|---|---|
Regulatory Compliance? | Yes | Yes |
Publicly traded company? | No | Yes (part of flatexDEGIRO) |
Does it offer banking services? | No | Yes (UK) |
Year Founded | 2005 | 2013 |
Country headquarters | Australia | Cyprus |
Website Language Options | en, ar, de, es, fr, po, ru, viet, mal, it | EN, DE, FR, IT, ES, NL, PT, PL, CZ, BG, RU, TR, UA |
Separate Client Funds? | Yes | Yes |
Non-ESMA Branches Available? | No | Yes |
EU Clients Accepted? | Yes | Yes |
US Clients Accepted? | No | No |
Canadian Clients Accepted? | No | No |
➤ Elite Signals | Stock, Crypto, & Forex
Type of assets offered:
Data | FP Markets | IQ Option |
---|---|---|
Forex (e.g. USDJPY or EURGBP) | Yes | No |
Options and futures (S&P500 Futures or Crude Oil Futures) | Yes | No |
Funds Van(ARK invest or BlackRock Equity Dividend) | No | No |
CFDs (Google Share in CFD form) | Yes | No |
Cryptos (BTC or ETH) | Yes | No |
Stocks and ETFs (TESL or AAPL) | Yes | No |
Commodities (Gold or Silver market) | Yes | Yes |
Beginner-friendly (demo-account access) | Yes | Yes |
Advanced /pro (High-frequency trading, algorithmic trading) | Yes, MT4/MT5 for Algo trading | No |
Binary option (note this is non-regulated trading, considers EXTREME risk) |
🏛️Tier 1 Regulatory Bodies:
Data | FP Markets | IQ Option |
---|---|---|
FSA (Financial Services Authority) | (Body replaced by(FCA) in 2013) | (Body replaced by(FCA) in 2013) |
FCA (Financial Conduct Authority) | No | No |
MAS (Monetary Authority of Singapore) | No | No |
FINMA (Swiss Financial Market Supervisory Authority) | No | No |
CFTC (Commodity Futures Trading Commission) | No | No |
MIFID-ESMA (Markets in Financial Instruments Directive) | Yes | Yes |
ASIC (Australian Securities and Investments Commission) | Yes | No |
IIROC (Investment Industry Regulatory Organization of Canada) | No | No |
SFC (Securities and Futures Commission) | No | No |
🏛️Tier 2 Regulatory Authorities:
Data | FP Markets | IQ Option |
---|---|---|
FMA (Financial Markets Authority) | No | No |
CBR (Central Bank of Russia) | No | No |
FSCA (Financial Sector Conduct Authority) | Yes | No |
SEC (Securities and Exchange Commission) | No | No |
DFSA (Dubai Financial Services Authority) | No | No |
CBRC (China Banking Regulatory Commission) | No | No |
CySEC (Cyprus Securities and Exchange Commission) | Yes | Yes |
ISA (Israel Securities Authority) | No | No |
🏛️Tier 3 Regulatory Oversight:
Data | FP Markets | IQ Option |
---|---|---|
Offshore Regulators | No | Yes |
MMA (Maldives Monetary Authority) | No | No |
EDR (External Dispute Resolution) | No | Yes |
FSA (Seychelles Financial Services Authority) | No | Yes |
SCB (Securities Commission of The Bahamas) | No | Yes |
FSC (Financial Services Commission, Mauritius) | No | No |
VFSC (Vanuatu Financial Services Commission) | No | Yes |
IFSC (International Financial Services Commission, Belize) | No | No |
CIMA (Cayman Islands Monetary Authority) | No | No |
SVG (St. Vincent & Grenadines Financial Services Authority) | No | No |
FSRC (Financial Services Regulatory Commission, St. Kitts & Nevis) | No | No |
BMA (Bermuda Monetary Authority) | No | No |
BVI (British Virgin Islands Financial Services Commission) | No | No |
Max Leverage Options:
Data | FP Markets | IQ Option |
---|---|---|
Leverage for Non-EU Clients | 500:1 | 1/500 |
European Leverage Limits | 30:1 | 30:1 |
Leverage in Australia | 30:1 | N/A |
US Leverage Restrictions | 0 | 1/500 |
Canadian Leverage Rules | 0 | No |
📂Account Offerings:
Data | FP Markets | IQ Option |
---|---|---|
Demo Account Access | Yes | Yes |
Expiration of Demo Accounts | No | Yes |
Account Currency Choices | EUR, USD | EUR, USD, GBP, AUD, CAD, NZD, CHF, JPY |
Standard Accounts | Yes | Yes |
Micro-lots Accounts | Yes | Yes |
Low-cost Account (nano lots) | No | Yes, $10 |
Variable Spread Accounts | Yes | Yes |
Fixed Spread Accounts | No | Yes |
Zero Spread Accounts | No | Yes |
ECN Accounts | Yes | Yes |
Swap-Free Accounts | No | No |
Islamic Accounts | No | No |
Professional Trading Accounts | No | No |
Active Trader Rewards Program | No | Yes |
💰Deposits and Withdrawals:
Data | FP Markets | IQ Option |
---|---|---|
Minimum Deposit Requirements | 100 | Yes, $10 |
Minimum Withdrawal Limits | No | Yes, $20 |
Credit Card Options | Yes | Visa, Mastercard, Maestro |
Bank Transfer Availability | Yes | yes |
PayPal Support | Yes | Yes |
Neteller Integration | Yes | Yes |
Skrill Compatibility | No | Yes |
Additional Payment Methods | Bank Transfer, Credit Card ,Neteller | Bank transfer, credit/debit card, PayPal, Skrill, Neteller, Sofort, iDeal, Giropay, EPS, Bancontact, Przelewy24, WebMoney, Qiwi, China UnionPay, cryptocurrencies |
Deposit Processing Time | 1 business day | Instant |
Withdrawal Processing Time | 1 business day | Yes |
Fees and Charges:
Data | FP Markets | IQ Option |
---|---|---|
Deposit-related Fees | Yes | Yes |
Commissions on Withdrawals | No | Yes |
Overnight/Swap Charges | Yes | Yes |
Account Inactivity Fees | No | Yes |
Currency Conversion Costs | Yes | Yes |
Are bonus Programs Available? | No | Yes |
Security Protocols and Measures:
Data | FP Markets | IQ Option |
---|---|---|
(2FA) available? | Yes | Yes |
(SSL) security? | Yes | Yes |
(AML) Policy Compliance | Yes | Yes |
Know Your Customer (KYC) | Yes | Yes |
🌐Brand Influence:
Data | FP Markets | IQ Option |
---|---|---|
Twitter Follower Counts | 4935 | 77.5K |
💹Forex Fixed Spreads:
Data | FP Markets | IQ Option |
---|---|---|
EUR/GBP Spread Range | No | No |
EUR/USD Spread Range | No | No |
USD/JPY Spread Range | No | Yes |
GBP/USD Spread Range | No | No |
USD/CHF Spread Range | No | Yes |
AUD/USD Spread Range | No | No |
USD/CAD Spread Range | No | Yes |
NZD/USD Spread Range | No | No |
Trade Execution Methods:
Data | FP Markets | IQ Option |
---|---|---|
Direct Market Access (DMA) | Yes | Yes |
Straight Through Processing (STP) | Yes | Yes |
Electronic Communication Network (ECN) Execution | Yes | No |
Market Maker Model | Yes | Yes |
Non-Dealing Desk (NDD) Approach | Yes | Yes |
First In, First Out (FIFO) Rule Application | No | Yes |
4-Digit Decimal Pricing | Yes | Yes |
5-Digit Decimal Pricing | Yes | Yes |
Order Types & Tools:
Data | FP Markets | IQ Option |
---|---|---|
Stop Loss Orders | Yes | Yes |
Take Profit Orders | Yes | Yes |
Limit Orders | Yes | Yes |
Fill or Kill (FOK) Orders | Yes | No |
Trailing Stop Orders | Yes | Yes |
Margin Call Alerts | Yes | Yes |
One Cancels Other (OCO) Orders | No | Yes |
Guaranteed Stop Loss Orders | No | Yes |
Negative Balance Protection Measures | Yes | Yes |
Minimum Trade Sizes | 0.01 lots | Yes |
Maximum Trade Sizes | 100 lots | Yes |
Available Asset Classes:
Data | FP Markets | IQ Option |
---|---|---|
Forex Currency Pairs | 70 | Yes |
Cryptocurrencies | 60 | Yes |
Commodities | 18 | Yes |
Equities | - | Yes |
Market Indices | 11 | Yes |
Exchange-Traded Funds (ETFs) | No | No |
Futures Contracts | No | No |
Options Contracts | No | Yes |
Bonds | No | No |
Metals | 4 | Yes |
Agricultural Products | No | No |
Energy Resources | 3 | Yes |
Interest Rates | No | No |
Penny Stocks | No | Yes |
Initial Public Offerings (IPOs) | No | No |
Asset Blends | No | Yes |
Dow Jones Index | No | Yes |
FTSE 100 Index | Yes | Yes |
DAX Index | Yes | Yes |
Nikkei 225 Index | Yes | Yes |
Gold Market Trading | Yes | Yes |
Special Account Features:
Data | FP Markets | IQ Option |
---|---|---|
Multi-Account Manager (MAM) | Yes | Yes |
Percentage Allocation Money Management (PAMM) | Yes | Yes |
Social Trading Integration | No | Yes |
Copy Trading Support | Yes | Yes |
Lot Allocation Money Management (LAMM) | No | Yes |
Supported Trading Techniques:
Data | FP Markets | IQ Option |
---|---|---|
Scalping Strategies | Yes | Yes |
Hedging Techniques | Yes | Yes |
Spread Betting Opportunities | No | No |
Automated Expert Advisor (EA) Integration | Yes | Yes |
Virtual Private Server (VPS) Options | Yes | Yes |
Application Programming Interface (API) Support | Yes | Yes |
Trading Tools and Features:
Data | FP Markets | IQ Option |
---|---|---|
One-Click Trade Execution | Yes | Yes |
Signal Trading Availability | Yes | Yes |
Price Alert Notifications | Yes | Yes |
Number of Chart Indicators Offered | 51 | Yes |
Number of Chart Drawing Tools Provided | 31 | Yes |
Direct Trading From Charts | Yes | Yes |
Customizable Watchlist | Yes | Yes |
Mobile Trading Compatibility:
Data | FP Markets | IQ Option |
---|---|---|
Android App | Yes | Yes |
iOS App | Yes | Yes |
Windows Mobile App | No | Yes |
Mobile Trading Signal Integration | Yes | Yes |
App for Smartwatches | No | Yes |
Forex Mobile Trading | Yes | Yes |
CFD Mobile Trading | Yes | Yes |
Alert Notifications on Mobile Devices | Yes | Yes |
Mobile Charting and Drawing Tools | Yes | Yes |
Languages Supported on Mobile App | en, chi | English, French, German, Spanish, Italian, Portuguese, Russian, Arabic, Turkish, Polish, Czech, Hungarian, Slovenian, Bulgarian, Romanian, Greek, Danish, Norwegian, Swedish, Finnish |
Watchlist Feature on Mobile App | Yes | Yes |
Commodity Offerings:
Data | FP Markets | IQ Option |
---|---|---|
Crude Oil Trading | 0.03 | Yes |
Natural Gas Trading | No | No |
Silver Markets | 0.01 | Yes |
Platinum Trading | No | Yes |
Copper Trading | No | Yes |
Soybean Contracts | No | No |
Corn Markets | No | Yes |
Gold Markets | 0.78 | Yes |
Lithium Markets | Yes | Yes |
Stock Trading Fees:
Data | FP Markets | IQ Option |
---|---|---|
Apple Shares | $0-$2.50 | $0-$1 |
Amazon (AMZN) Shares | $0-$2.50 | $0-$1 |
Invidia Shares | $0-$2.50 | $0-$1 |
META Shares | $0-$2.50 | $0-$1 |
Ford Motor Co Shares | $0-$2.50 | $0-$1 |
Alphabet (GOOGL) Shares | $0-$2.50 | $0-$1 |
BP Shares | $0-$2.50 | $0-$1 |
Tesco Shares | $0-$2.50 | $0-$1 |
Barclays Shares | $0-$2.50 | $0-$1 |
Lloyds Shares | $0-$2.50 | $0-$1 |
Adobe (ADBE) Shares | $0-$2.50 | $0-$1 |
Microsoft (MSFT) Shares | $0-$2.50 | $0-$1 |
Nvidia (NVDA) Shares | $0-$2.50 | $0-$1 |
Index Trading Fees:
Data | FP Markets | IQ Option |
---|---|---|
FTSE 100 Fee Structure | 1.65 | Yes, 0.07% per trade |
S&P 500 Fee Structure | 0.54 | Yes |
Dow Jones Fee Structure | 3.56 | Yes |
Nasdaq Fee Structure | 1.56 | Yes |
CAC 40 Fee Structure | 1.96 | Yes |
DAX 30 Fee Structure | 1.73 | Yes |
Nikkei 225 Fee Structure | 8.74 | Yes |
Euro Stoxx 50 Fee Structure | 2 | Yes |
Cryptocurrency Trading Fees: Maker-Taker-Spread
Data | FP Markets | IQ Option |
---|---|---|
Bitcoin Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Ethereum Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Ripple Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Binance Coin Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Cardano Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Solana Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Polygon Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Dogecoin Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Chainlink (LINK) Fees | 0.03%, 0.06%, Up to 2% | (binary option) |
Polkadot (DOT) | 0.03%, 0.06%, Up to 2% | (binary option) |
Avalanche (AVAX) | 0.03%, 0.06%, Up to 2% | (binary option) |
Available Trading Platforms:
Data | FP Markets | IQ Option |
---|---|---|
cTrader Desktop App | No | Yes |
cTrader Web Interface | No | Yes |
Mirror Trader Platform | No | Yes |
ZuluTrade Integration | No | Yes |
MT4 Desktop Interface | Yes | Yes |
MT4 Web Platform | Yes | Yes |
MT5 Desktop App | Yes | Yes |
MT5 Web Interface | Yes | Yes |
Tradingview | No | No |
Proprietary Desktop Software | Yes | Yes |
Proprietary Web-based Platform | No | Yes |
Mac-Compatible Platform Options | Yes | Yes |
Sirix Trading Platform | No | Yes |
Education Resources:
Data | FP Markets | IQ Option |
---|---|---|
Education Offerings | Yes | Yes |
Webinar Offerings | Yes | Yes |
Platform Tutorial Videos | Yes | Yes |
Beginner-Level Trading Videos | Yes | Yes |
Expert-Level Trading Videos | No | Yes |
Tutorial guides | Yes | Yes |
Terminology Glossary | Yes | Yes |
Customer Support Options:
Data | FP Markets | IQ Option |
---|---|---|
Callback Request Feature | No | Yes |
Email Support Availability | Yes | Yes |
Telephone Support | Yes | Yes |
Live Chat support | Yes | Yes |
Offered Support Languages | en, ar, chi(t/s), de, es, fr, po, thai, ko, ind, mal, it | Yes |
Research-Tools:
Data | FP Markets | IQ Option |
---|---|---|
In-Depth Professional Reports | Yes | Yes |
Social Trading Features - Social Newsfeeds | No | Yes |
Economic Event Calendar | No | Yes |
Daily Email With Trading Ideas | Yes | Yes |
Analysis From Trading Central (Recognia) | No | Yes |
Analysis From Delkos Research | No | Yes |
AutoChartist Tool | No | Yes |
Trader Sentiment Metrics | No | Yes |
Twitter-Based News Updates | Yes | Yes |
Facebook-Based News Updates | Yes | Yes |
Daily Market Commentary | Yes | Yes |
Rolling Out the Red Carpet: FP Markets and IQ Option
Table of content
- Rolling Out the Red Carpet: FP Markets and IQ Option
- FP Markets: The Marauding Market Mercenary🚀
- IQ Option: The Intuitive Innovator🌟
- Duking It Out: FP Markets vs IQ Option
- Battle of Features🎲
- The Pricey and the Pocket-friendly💰
- The Security Showdown🛡️
- The Customer Care Crusaders🦸♀️
- Revving Up The Education Engine🎓
- The Platform Playground🕹️
- Deciphering the Digital Dough: Cryptocurrency Trading🌐
- And the Winner is… Well, It’s a tie.🏆
- Frequently Asked Questions 🙋♂️🙋♀️
- 1. What are the differences between FP Markets and IQ Option?🔍
- 2. Which platform has better customer service, FP Markets, or IQ Option?📞
- 3. Do FP Markets and IQ Option offer educational resources?📚
- 4. Which platform is best for trading cryptocurrencies?🌐
- 5. Which one is cheaper – FP Markets or IQ Option? 💵
- 6. Are FP Markets and IQ Option regulated?🔒
- 7. Can I trade binary options on both platforms?📈
- Disclaimer And General Risk Warning:
- Author & Expert Trader - Financial Analyst:
FP Markets: The Marauding Market Mercenary🚀
Founded in 2005, FP Markets has positioned itself as a trusted and reliable trading platform, boasting over 100,000 customers across the globe. With a strong emphasis on technology and execution, this Direct Market Access (DMA) CFD provider offers traders a robust mix of pricing, execution speed, cutting-edge platforms, product range, customer service, and market analysis.
IQ Option: The Intuitive Innovator🌟
On the other hand, IQ Option, established in 2013, has made a name for itself as the go-to platform for binary options. With a user-base exceeding 41 million customers globally, this platform offers an innovative, user-friendly experience that caters to traders of all levels of experience, particularly beginners. Their focus is on easy-to-use features, efficient execution, and delivering a straightforward path to trading.
Duking It Out: FP Markets vs IQ Option
Battle of Features🎲
FP Markets offers an expansive market portfolio, coupled with sleek trading platforms like MT4, MT5, and IRESS, luring veteran traders.👌 On the flip side, IQ Option’s proprietary platform, known for its ease of use and simple, intuitive design, is perfect for those starting their trading journey.🥳
The Pricey and the Pocket-friendly💰
FP Markets operates on an ECN pricing model, meaning you get tight, direct market spreads. They do charge a commission, but it’s competitive and transparent. IQ Option, in contrast, operates on a spread-only pricing model, making it a bit more cost-effective for casual traders. But watch those spreads! They can be pretty wide during volatile market conditions.👀
The Security Showdown🛡️
Both FP Markets and IQ Option take security seriously, operating under various regulatory bodies worldwide. However, FP Markets seems to have an edge, with regulations from ASIC and CySEC adding an extra layer of client fund security. Now, that’s a security blanket!🔐
The Customer Care Crusaders🦸♀️
As for customer support, both platforms strive to maintain high standards. Infinite knowledge resources, email, telephone, and live chat support are available for traders. But customer reviews reveal a slight edge for FP Markets in responsiveness and support quality. A little birdie told us customer service does matter!🐦
Revving Up The Education Engine🎓
Now let’s talk learning opportunities because, let’s face it, trading is more than just buying low and selling high. It is a continuous pursuit of knowledge. The good news is, both FP Markets and IQ Option have an impressive array of educational resources, including webinars, ebook, video tutorials, and even one-on-one training sessions.
FP Markets’ knowledge hub is akin to a vast treasury, hosting comprehensive materials on technical and fundamental analysis, trading strategies, risk management, and more. It’s a haven for those thirsty for insights.📚
IQ Option, on the other hand, takes a more simplistic approach. Their educational kit includes easy-to-follow video tutorials and interactive resources handsomely curated to serve the newbie traders. As the wise old saying goes, “Simplicity is the ultimate sophistication.” And IQ Option seems to swear by it!👍
The Platform Playground🕹️
If trading platforms were a playground, FP Markets would be your wide-open expanse, filled with every equipment you’d wish to find. By integrating with MetaTrader4, MetaTrader5, and IRESS, they provide a versatile platform experience that is customizable to the user’s preference, with over 60 currency pairs and other trading instruments. It’s a powerhouse for the experienced trader!💪
IQ Option, however, feels more like a neat sandbox, with its user-friendly, proprietary platform offering binary options, stocks, forex, and crypto trading. It’s simplicity at its best for traders who love to keep things uncomplicated, yet productive. After all, who doesn’t love a good sandbox, right?🏖️
Deciphering the Digital Dough: Cryptocurrency Trading🌐
Last but not least, let’s delve into the digital currency domain. If you’re seduced by the sizzle of cryptocurrencies, both platforms have got you covered. FP Markets permits cryptocurrency CFD trading with a 24/7 trading schedule, while IQ Option offers straightforward crypto trading.🚀
However, it’s worth noting that trading digital currencies like Bitcoin, Ethereum, and Litecoin inherently come with certain risks due to their volatile nature. Always consider your risk appetite before hopping onto the crypto bandwagon.🔔
And the Winner is… Well, It’s a tie.🏆
FP Markets and IQ Option, each shine in their respective areas. For any trader, the ultimate decision would depend on factors like trading style, experience level, preferred asset classes, and personal requirements.
See, no fireworks, cannons, or dramatic drum rolls? Just a simple verdict that suits the rational trader in you.😎
Frequently Asked Questions 🙋♂️🙋♀️
1. What are the differences between FP Markets and IQ Option?🔍
FP Markets and IQ Option differ mainly in their trading platform design, features, and target audience. FP Markets caters to seasoned traders with its advanced trading features, while IQ Optionis more suited for novice traders due to its simplistic design and user-friendly platform.
2. Which platform has better customer service, FP Markets, or IQ Option?📞
Both FP Markets and IQ Option offer comprehensive customer service, including email, telephone, and live chat support. However, current users’ reviews indicate a slight preference for FP Markets in terms of responsiveness and support quality.
3. Do FP Markets and IQ Option offer educational resources?📚
Yes, both FP Markets and IQ Option offer a variety of educational resources. FP Markets provides a broad range of materials on technical and fundamental analysis and trading strategies, while IQ Option offers simplified, easy-to-understand educational content ideal for newer traders.
4. Which platform is best for trading cryptocurrencies?🌐
Both FP Markets and IQ Option permit cryptocurrency trading. Your choice would depend on your preferred method of trading; FP Markets offers CFD trading in cryptocurrencies, while IQ Option allows direct cryptocurrency trading.
5. Which one is cheaper – FP Markets or IQ Option? 💵
FP Markets operates on ECN pricing, providing tight spreads but charging a commission. On the other hand, IQ Option operates on a spread-only pricing model, presenting itself as slightly more cost-effective for casual traders.
6. Are FP Markets and IQ Option regulated?🔒
Both FP Markets and IQ Option are regulated by various bodies worldwide. FP Markets is regulated by ASIC and CySEC, providing a higher degree of client fund protection.
7. Can I trade binary options on both platforms?📈
No, binary options trading is possible only with IQ Option. FP Markets doesn’t provide the possibility to trade binary options.
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