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CMC Markets vs IQ Option
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, CMC Markets currently holds a lower overall rating (3.6) compared to IQ Option (4.3).
CMC Markets has a lower minimum deposit, at 0.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
CMC Markets offers a minimum lot size of 0.01 and a maximum lot size of 300.0, while IQ Option offers 1.0 and 20000.0.
Each broker offers an equal maximum leverage of 1:500.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 0.0 | 10.0 |
| Commission | 0.0025 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 1.0 |
| Maximum lot size | 300.0 | 20000.0 |
| Spread | Variable | Variable |
| Broker type | Dealing Desk, Market Maker | Dealing Desk |
| Maximal leverage (1:?) | 500 | 500 |
| Availability | Dealing Desk, Market Maker | Dealing Desk |
| Regulation | FCA (UK), ASIC (Australia), BaFIN (Germany), FMA (NZ), MAS (Singapore), IIROC | CySEC (Cyprus) |
| Trading Platforms | Web Platform, MT4 (via bridge) | Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Paypal, POLi | Wire Transfer, Credit Card, Debit Card, Check, Online Check, WebMoney, cashU, Neteller, Skrill, FasaPay, Qiwi, Bitcoin, WeChat Pay, iDeal, Sofort Banking |
| Account Currency | USD, GBP, EUR, CHF, NZD, CAD, SEK, PLN, SGD, HKD, AUD, NOK | USD, GBP, EUR, ZAR, RUB |
| Languages | English, Spanish, French, German, Italian, Chinese, Polish, Swedish, Norwegian | English, Spanish, French, German, Portuguese, Italian, Greek, Russian, Chinese, Bangla, Polish, Indonesian, Thai, Arabic, Vietnamese, Dutch, Swedish, Urdu, Hindi, Czech, Latvian, Romanian |
| Country | Australia | Antigua and Barbuda |
| Trading platform(s) timezone | Australia, Austria, Canada, Ireland, France, Germany, Italy, Norway, New Zealand, Poland, Singapore, Spain, Sweden, United Kingdom | Antigua and Barbuda |
| Other trading instruments | Stocks, Indices, Commodities, Shares, Spread Betting, CFDs, Cryptocurrency, Bonds, Exchange ETFs, ETFs, Other, Forex, Treasuries | Stocks, Options, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
