Expert Option and IQ Option are two of the most popular online trading platforms. Since their launch, both have managed to attract millions of users from across the globe. But if you’re a new trader looking for the broker to invest with, which one would you choose?
This review will compare them side by side. In it, I’ll cover the most important features to look for when searching for an online broker. These include the following:
- How long the broker has been operational
- The regulatory body monitoring the broker’s activities
- Active traders
- Account types offered
- Types of assets offered
- Returns on trades (options)
- Payment methods accepted
- Deposits and withdrawals
- Accessibility
- Support
- Additional features
Lets get started.
Contents
How long Expert Option and IQ Option have been operational
Expert Option launched in 2014. Expert Option has its offices in Saint Vincent and Grenadines. IQ Option on the other hand was launched in 2013 and has its offices located in Cyprus.
Regulators
Expert Option is regulated by Financial Markets Relations Regulation Center (FMRRC) in Russia. They’re also regulated by the Vanuatu Financial Services Commission.
IQ Option on the other hand is regulated by CySEC.
Active traders
Since their inception, Expert Option has managed to attract over 11 million traders and has over $30 million worth of transactions conducted each month. IQ Option on the other hand has over 23 million traders and has over $380 million worth of transactions per month.
Both platforms have attracted traders from different regions across the globe. Their clients primarily come from Latin America, Asia, Eastern Europe, the Middle East and Africa. Note that both brokers do not offer their services to residents and citizens of North America, Australia, New Zealand and other countries.
Account types
Expert Option has 5 different account types.
Their Basic account requires a minimum deposit of $50. With this account you can invest a maximum of $25 per trade and have a maximum of 10 open trades at a time.
The Silver account requires a minimum deposit of $500. With this account you can invest a maximum of $250 per trade and have a maximum of 15 open trades at a time. You’ll also get a personal manager as well as daily market reviews and financial research.
The Gold account requires a minimum deposit of $2500. With this account you can invest a maximum of $1000 per trade and have a maximum of 30 open trades at a time. You’ll also get a personal manager, daily market reviews and financial research, priority withdrawal and up to 2% extra on profitable trades.
The Platinum account requires a minimum deposit of $5000. With this account you can invest a maximum of $2000 per trade and have unlimited number open trades at a time. You’ll also get an account manager, daily market reviews and financial research, priority withdrawal and up to 4% extra on profitable trades.
The Exclusive account is invitation only. With this account you can invest a maximum of $5000 per trade and have unlimited number open trades at a time. You’ll also get a senior account manager, daily market reviews and financial research, priority withdrawal, access to strategies and up to 6% extra on profitable trades.
IQ Option on the other hand has 2 account types. The Standard account requires a minimum deposit of $10. Standard account holders get access to all financial instruments and can invest as little as $1 per trade.
There’s no limit to the maximum you can invest per trade. The IQ Option VIP account requires a minimum deposit of $1900 or at least $15000 trading volume over 3 months. The VIP account isn’t available for EU citizens. VIP account holders benefit from faster withdrawals, account managers and free trading eBooks.
Both platforms also offer demo accounts which come credited with $10000 virtual cash. The demo accounts can be recharged of the balance becomes depleted.
Types of assets offered
Both platforms offer hundreds of assets drawn from different classes. These include digital options, forex, stocks, commodities and cryptocurrencies. This diverse selection of financial instruments is perhaps the main reason for their growth in such a short time.
Returns on trades
Both platforms offer good returns. These range between 70% and 90% for Expert Option and 65% to 95% for IQ Option. Note that the return depends on the asset you’re trading as well as the time you’re trading.
Payment methods accepted
Both Expert Option and IQ Option accept over 20 different payment methods. These include credit/debit cards, eWallets such as Skrill and Neteller. IQ Option stands out however. They are continuously adding new payment methods. Recently, they added Jeton Wallet to their list.
Deposits and withdrawals
Depending on your deposit method, it might take a few minutes to several days for your deposit to reflect on your trading account. Depositing with an eWallet or debit/credit card is faster. Withdrawals are usually processed within hours or up to 5 business days depending on your account type.
Note that Gold, Platinum and Exclusive account holders for Expert Options and VIP account holders for IQ Option get priority withdrawals. These are processed within 24 hours.
Accessibility
Expert Option and IQ Option are accessible via web browser, desktop apps (Windows and MacOS) as well as smartphone apps (Android and iOS).
Support
Both platforms have excellent customer support. Their support team can be reached through phone, chat, email and even social media.
Additional features
Both platforms have well designed intuitive trading interfaces. Both support line, bar and candle charts. The IQ Option platform however supports more indicators and tools. It also has larger candle time intervals where Expert Option candle intervals are limited to 60 seconds.
Expert Option has a social trading feature. This allows you to interact with other traders on the platform. It also allows you to view other traders trade in real time. Their social network groups also come in handy for beginner traders. IQ Option on the other hand has a support and chats feature which allows you to interact with other traders on the platform.
Conclusion
Both platforms are great for both beginner and expert traders. IQ Option is a good choice for traders who want to start small as well as trade options. Expert Option on the other hand offers more trading accounts although their basic account requires a larger deposit.
Which of these two platforms have you traded on? Kindly share your experience in the comments section below.
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Moditus says
ExpertOption stellt kostenlose Schulungsmaterialien zur Verfügung. So kann man leicht verstehen, was die Grundbegriffe eines erfolgreichen Handels sind.
Auridred says
Mobile Trader werden ebenfalls nicht vergessen, da ExpertOption mobile Handelsanwendungen bereitgestellt hat, die für Android- und iOS-Geräte optimiert sind.
Erik Daniel says
Trading on the Expertoption platform is pleasant and comfortable! The conditions are really better than some, you can feel the difference yourself!
Andrew says
In my opinion, this is now a really good option for work. At least now I really can’t say anything negative about him.
Samuel says
I think this broker is a really good option to work with. Profit quite suits me, and there are no questions regarding the withdrawal so far.
Miles Gary says
Here, for many, percentages fall after some time, while they hold experimenttoption stably and without any losses!
Kagashakar says
I would like to mention the quality support on expertoption trading, just the best guys! They can always give useful advice or a solution to a problem.
Samuel says
I think this broker is a really good option for work. At least the working conditions pleasantly surprised me.
Gabriel says
During the work with this broker, I have only positive reviews. At the very least, working is convenient and profitable
Ronald says
I liked this broker in all respects. At least now I work with him, and I was really pleased with the results.
Andy says
As for me, this is a really good option for work. At least, during the work with him there were no problems, everything works fine.
Nick says
While working in this industry, I really liked this broker. At least, there were no problems at work.
Ronald says
This option for work quite suits me. The profit is excellent, and the reliability is at its best – I am quite pleased with this broker.
Noerjahan Davids says
Hello I am really interested could someone explain how to register and if I could start with 10 dollars please..I would like to join
Thanks
Eric says
I have been working with this broker for a long time and consider it the best in terms of work. For me, this is a great option.
Paul says
Of all the options now, I decided to choose this particular broker.
In all respects, I am now pleased with the result.
Jack says
As for me, now it is quite profitable to work with this broker. At least, the profit is at the level, and even the conclusion of the minimum problems.
Michael says
As for me, now it turned out to be quite profitable to work with this broker. At least he is quite fine with me.
Eric says
In my opinion, now it is really beneficial to work with this broker.
As for me, the option is excellent.
Ronald says
While working with this broker, I am quite pleased with it. In my opinion, this is a great option for work.
Paul says
During the work with this broker reviews are only positive. In fact, the profit is quite fine with me, and with the withdrawal of problems so far at least.
Daniel says
I believe that now it is very profitable to work with this broker.
At least, the working conditions quite suit me, and it turned out to be quite convenient.
Andy says
So far, of all the options for work, I decided to choose this particular broker.
At work, he seemed to me the most reliable.
Havier says
Of all the options for work, I now prefer this particular broker.
As for me, it turned out to be excellent for work.
Chris says
I consider this broker to be the best in terms of work.
So far, I have no problems with it.
Kalyan says
What is the minimum withdrawal amount in both Expert option and IQ option ..
Gabe says
I decided to choose this broker for work.
In my opinion, now at work this is one of the best options.
Fabian says
I decided to choose this broker for work. So far, according to the working conditions, I consider it the most convenient and reliable.
Andy says
In my opinion, it has now turned out to be very convenient and profitable to work with this broker.
As for me, this is a really great option.
Marcus says
In my opinion, now it is really a very good broker to work with. As for me, it turned out to be very profitable and convenient to work with.
Tony says
So far, of all the options, this broker seemed really the best to me. The profit is at the level, and it’s quite convenient to work.
Mercier says
Copier des transactions d’opérateurs performants à partir d’Expert Option vous permet de tirer parti de l’expérience de ceux qui possèdent beaucoup plus de connaissances et de compétences pratiques.
Ashton says
I consider this broker to be the most reliable for work.
So far, there have been no problems in terms of work.
Donald says
For work, I now prefer this particular broker.
During the work with him, the reviews were only positive, and there were no problems.
Kyle says
I consider this broker to be the most reliable for work. The profit is pretty good, and the conclusion is now in full order.
Fred says
I believe that for work this is now a really great option. At least, the profit turned out to be excellent, and there were no problems with the withdrawal.
Ronald says
So far, of all the options for work, I decided to choose this particular broker.
As for me, this option turned out to be the most reliable.
Richard says
In my opinion, this broker turned out to be excellent for work now.
At least for work I really liked this option.
Tony says
For work, I now prefer this broker
In my opinion, in terms of work, this option now turned out to be really convenient and reliable.
Andy says
Of all the options for work, I now decided to choose this particular broker.
So far I have really been pleased with him.
Tony says
I think that this broker turned out to be excellent in terms of work.
He is quite happy with my work.
Michael says
Of all the options for working now, I prefer this broker.
In my opinion, this is now a really great option.
Meunier says
À mon avis, ExpertOption est maintenant l’une des options les plus fiables. Au moins, je l’aimais beaucoup plus que les autres au travail.
Paul says
While at work I prefer this broker
In my opinion, in terms of work, this is now really one of the best options.
Bill says
I believe that right now this broker turned out to be excellent for work.
At least now I work with him.
Peter says
So far, of all the options for work, I decided to choose the broker Expert Option.
In my opinion, this is now the most reliable option.
Richard says
I recently started working in this industry, and so far I use the Expert Option broker to work.
I am satisfied with this option for work in all respects.
Paul says
In my opinion, now it turned out to be really profitable to work with a broker Expert Option.
It turned out to be quite convenient and profitable in terms of work.
Charlie says
For work, I now really liked the Expert Option broker.
Everything is convenient, and working with it turned out to be quite profitable.