IQ Option against IG Markets

Comparison IQ Option vs IG

What can we tell about IG markets

In today’s review, we offer IG Markets brokerage company for consideration. It was founded in the UK in 1974 and still provides services for international traders. The forex broker was licensed by the FSA and is currently subject to several government agencies. It is regulated by reliable organizations, and therefore, if problems arise, a trader can always solve them in court.

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IG Markets Official Website Review

The broker positions itself as a leading provider of market liquidity. It provides its clients with access to numerous financial instruments and offers advanced trading platforms. With the help of innovative technologies and a variety of analytical tools, the exchange player will be able to achieve success on the global marketplaces.

IG Markets company points out its merits, which attract traders from all over the world. It offers low margins and competitive fees. Using free educational support and advanced risk management tools, the trader will significantly improve his professional level. Financial instruments can be used at any time of the day or night. A 24-hour deal is provided.

International broker IG Markets provides access to the following markets:

  • Shares – it is proposed to trade securities of 7,500 companies from 34 world exchanges. The trader can make money on the price difference or receive regular dividend payments.
  • Stock indices – the broker provides a choice of several index indicators covering the economies of developed countries.
  • Cryptocurrencies – Bitcoin and Ethereum are available.
  • Forex – Standard and exotic currency pairs are offered. Each currency has its own characteristics and allows you to make money on moving rates.

These and other financial instruments can be used on the IG Markets broker platform. The international trader offers convenient functionality and useful materials that will be relevant even for novice market participants.

IG Markets exchange trading methods

The international intermediary offers to open additional opportunities through trading in financial markets. It provides for the use of options, spread betting, CFDs and other highly profitable investment assets. Each option for cooperation assumes its own characteristics, which will be relevant for different groups of traders:

  • Options – the tariff allows you to buy or sell the underlying instrument at a specific price. Its main advantage is considered to be leverage. The trader can trade on the main platforms, setting any time intervals.
  • Spread betting – provides for placing orders for future price changes. Its main advantage is that there is no capital gains tax. The trader will trade without commissions, considering only the level of the spread.
  • CFDs – Contracts for Difference are considered a highly profitable instrument. They allow you to make profitable trades in stocks and currencies. Losses are included in the profit account in the form of a tax deduction.
  • Turbo24s – allows you to trade the first turbo options without any commission charges. The tariff is suitable for those who plan to work around the clock, 5 days a week. 

The commission is zero.

IQ Option vs IG Markets review

After activating one of the presented accounts, the trader can visit his personal account. IG Markets offers a wide range of tariffs with different terms of cooperation. At the same time, the exchange player should not rush to choose a brokerage company. Before making a deposit, it is recommended that you determine in advance how IG Markets withdraws funds. Some firms refuse to pay legitimate earnings and return the investment. By analyzing the IG Markets reviews, a newbie will draw the right conclusion.

What working platforms does the broker offer?

The exchange intermediary offers its own platform that allows you to control every trade. Placing orders and exiting the market is done with a few clicks of the mouse, and the trader only has to predict prices and make the right investment decisions.

IG Markets provides its clients with an instant overview of market quotes, including margin and spreads. The simple and comfortable design of the platform will allow you to quickly master the main functions and get down to practical work. With the help of stops and limit orders, the exchange player will reduce the existing risks. He can choose the desired currency and reduce the cost of converting it.

By placing orders at a certain level, the trader automates the trading process. The system will independently open and close positions in accordance with the specified parameters. A trader can set up notifications, receiving signals to enter or exit the market when certain conditions occur.

The trading platform has a fairly extensive functionality. To understand its real effectiveness, you need to read the IG Markets reviews. Experienced traders discuss their successes and failures on independent resources. Many of them are ready to communicate and have valuable information to share.

IG Markets unique services

The company maintains an open policy regarding earnings. The broker IG Markets calls the main source of income spreads – the commission that a trader pays to a broker for a trade.

Note! The broker charges a fee for inactivity. If the trader has not traded for two years, after that period he will pay AUD 18 for each month of downtime.

The company guarantees its customers a high degree of protection:

  • clients’ money is kept in segregated accounts – separated from the company’s financial resources;
  • the firm protects client funds using modern hedging methods (setting automatic closing of transactions, protection against negative balance, etc.)
  • traders’ money is reliably shielded from intermediary creditors;
  • The company does not use traders’ funds in its own business projects.

For work, traders are offered a wide range of trading instruments, the main of which are:

  • FTSE 100, Germany 30, Wall Street indices;
  • currency pairs – EUR / USD, GBP / USD.
  • For currency pairs, the value of the charged spread starts from 0.8 pips, for indices – from 0.4 points.

Ig Markets offers traders to work with more than 6,000 shares of the largest companies in the world.

Exotic trading instruments of the broker include:

  • IPO;
  • cryptocurrency;
  • interest rates;
  • ETP;
  • economic sectors.

To work on the financial market, traders are offered the standard MetaTrader4 trading terminal and its mobile versions. Also, investors have the opportunity to work using the online trading platform.

The main advantage of the online terminal is that there is no need to download and install software on a computer or gadget. In addition, the investor gets the opportunity to work without being tied to a specific device.

Bottom Line: What IG Markets has to offer?

This brokerage company has a rich experience of working on world exchanges. It invites the market participant to choose a suitable account and replenish the deposit. IG Markets talks in detail about the terms of cooperation and its unique trading platform. The broker’s web resource does have a multi language menu, which can’t be a problem for a trader from different places. When deciding on cooperation, the merchant must evaluate all the pros and cons of this platform.

A brief history of IQ Options and awards

IQ Option started operations 8 years ago in the whole world.

The main slogan of this broker is: “Binary options for beginners – it’s easy.” According to the statement of its management, the IQ Option company is guided by Western ideals of doing business and is perfect for both beginners and experienced traders. If necessary, customers will be able to take advantage of round-the-clock support.

The company is licensed by CySec, which allows it to conduct brokerage activities all over the world. In 2016, IQ Option decided to leave a few markets.

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The office’s official website lists many awards from various magazines and events. The main nominations for IQ Option are as follows:

  • the best binary options broker;
  • the best app for online trading;
  • quality mark.

What services does it offer

The list is taken from the official website of IQ Option:

  • Demo account, real account, vip account.
  • Tutorial for beginners.
  • Convenient trading platform.
  • More than 500 assets for trading, binary options, digital options (digital).
  • OTC trading.
  • Tournaments.
  • Technical support 24/7.
  • Deposit / withdrawal of funds without commission.
  • Trading and investing instruments

At the time of this writing, the list of IQ Option assets is as follows:

  • 172 shares;
  • 88 currency pairs on the Forex market;
  • 54 options;
  • 6 types of goods (oil and precious metals);
  • 11 stock indices;
  • 21 ETF funds;
  • 24 cryptocurrencies.
  • Trading in low-liquid assets may be temporarily suspended.

Software and mobile commerce

IQ Option has its own trading platform with a user-friendly and intuitive interface. A trader sees all information about quotes online, can easily place limit and market orders, use leverage, stop loss, and quickly switch between accounts.

Any beginner will be able to understand the operation of the IQ Option platform, but just in case there are training videos.

You can install IQ Option software on your computer or use the online version of the platform. For Android and iOS users, a free mobile application has been developed that works even faster than its counterpart for Windows.

IQ Option and IG Markets

Working with a broker

The first step is to create an account with a broker and gain access to the user’s personal account. Then download the trading program, make a deposit and start trading. Everything with the Ikyu option is very simple.

Registration on the official website

We go to the website of the broker IQ Option, look for the “Register” button, enter all the necessary data, and register. The email address must be a real one, a confirmation link will be sent to it.

Since the broker does not officially work with residents of a few countries, it may require KYC verification, but we will talk about this later.

If the IQ Option website does not work, use a mirror / proxy / VPN.

After registration, a personal account will be opened with all the possibilities.

Account opening instructions

To open an account in your IQ Option personal account, you just need to select the appropriate item. The account will be opened automatically. After that, all that remains is to enter the account data into the trading program from IQ Option and select the type of account.

It should be noted that to start trading on a real account, you need to top up the balance at least for the minimum amount. Only a demo account is available for free. IQ Option users who have deposited more than $ 3,000 to their balance get access to the VIP account.

Trial profile

To trade on a demo account, only registration is required. You will receive a virtual balance due to which you can make virtual transactions. The amount of virtual money is not limited.

The IQ Option demo account is usually used by beginners: it allows you to get acquainted with the trading program in detail.

Deposit and withdrawal of funds

To top up your balance, you should choose a convenient method and make a payment.

It is worth noting that the deposit currency of the IQ option is selected only once: all subsequent replenished funds will be converted into this currency. You cannot change the selection.

Replenishment methods are very different. Of the top payment systems, the IQ Option broker does not cooperate only with Paypal.

Withdrawal of money is carried out instantly to any payment system in the world. There is usually no commission, but some banks may be an exception and may charge a fee.

Technical support

If you have any questions, you can contact the IQ Option support service, working 24/7. It is possible to resolve your issue online in a chat with an operator or using a free phone call.

Telephone support does not work for all countries. The list of available countries can be viewed on the website of the IQ Option broker.

Pros and cons of the company

The advantages of the IQ Option broker are as follows:

  • Low minimum threshold for entering the market.
  • Educational programs.
  • High-tech trading software.
  • The presence of tournaments and a referral program.
  • A large number of assets.

Flaws:

  • There is no trust management and auto-follow.
  • A profit of 900% is unattainable under any circumstances.
  • The broker at any time may require to verify the account – provide passport data and photo.
  • Additional commission for idle funds on the account for more than 90 days.
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Rufus Mekhdi-Smith
Rufus Mekhdi-Smith / article author
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