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Author Bart Bregman

Bart Bregman

Author & Financial Analyst: 9 Years of full-time trading experience. "There is no such thing as a bad trade."

Disclaimer: The information provided on this blog should not be seen as financial advice, and is only intended for entertainment and informational purposes. ➤ Advertiser Disclosure

FP Markets vs IQ Option: Which Platform Reigns Supreme?

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.

FP Markets vs IQ Option

FP Markets Visit FP Markets Now!

Be mindful: Trading involves risk and may lead to loss of capital.

IQ Option Visit IQ Option Now!

Be mindful: Trading involves risk and may lead to loss of capital.

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.

➤Learn more about how we rank brokers

➤For Reporting: Feature Requests, Missing or outdated data.

(Data
last updated:
14-09-2023)

(➤compare with
other brokers)

Our Total Score:
FP Markets: 7.9
IQ Option: 7.65
Industry Average Ratings and Reviews:
FP Markets: 7.9
IQ Option: 7.3
Platform Security:
FP Markets: 8.9
IQ Option: 8
Cost of trading:
FP Markets: 6.2
IQ Option: 7.2
Trade Interface expirance:
FP Markets: 9.6
IQ Option: 8.3
Platform Resources:
FP Markets: 7.3
IQ Option: 7.2

🏢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
FP Markets vs IQ Option: Which Platform Reigns Supreme? 1

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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🚀

FP Market Instruments

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🌟

Markets available at IQ Options

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 Platforms

IQ Option Platform

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 Commissions

IQ Option Fees and where to find them

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🛡️

FP Markets Regulation

IQ Option Regulation

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🦸‍♀️

IQ Option Contact

FP Markets Support

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 🙋‍♂️🙋‍♀️

FAQ 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.


Disclaimer And General Risk Warning:

  • ► The information provided should not be seen as financial advice and is only intended for entertainment and informational purposes.
  • ► Financial asset providers listed offer a variety of financial products and services, including Stocks, Crypto assets, and CFDs.
  • ► CFDs are complex instruments with high risk due to leverage. In fact a 77% to 86% of retail investor accounts lose money when trading CFDs. Make sure you understand how CFDs work and evaluate whether you can afford the potential risk of losing your money.
  • ► Past performance does not guarantee future results. A trading history of less than 5 complete years may not be sufficient for making investment decisions.
  • ► Financial asset providers do not constitute investment advice. The value of your investments can fluctuate, putting your capital at risk.
  • ► Cryptoasset investments are highly volatile and may be unregulated in some jurisdictions. Consumer protection may not be available, and taxes on profits could apply.
  • ► USA financial asset providers are not affiliated with any specific entity and do not offer CFDs. The platforms take no responsibility for the accuracy or completeness of the content in this publication, which is based on publicly available, non-entity-specific information.
  • ► Trade with caution and be warned!


Author & Expert Trader - Financial Analyst:

Bart Bregman
My name is Bart Bregman and I am a full-time professional trader with nine years of experience. I specialize in shorter-term trading using technical analysis, and I have extensive experience with Stocks, CFDs, Options, and Crypto trading. I believe that there is no such thing as a bad trade. I'm currently traveling the world as a digital nomad trader. You can follow my journey on Instagram at https://www.instagram.com/bart_bregman/

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