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FIBO Group (Cyprus) vs IQ Option
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, FIBO Group (Cyprus) currently holds a lower overall rating (3.9) compared to IQ Option (4.3).
FIBO Group (Cyprus) has a higher minimum deposit than IQ Option, at 300.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
FIBO Group (Cyprus) offers a minimum lot size of 0.01 and a maximum lot size of 200.0, while IQ Option offers 1.0 and 20000.0.
FIBO Group (Cyprus) offers a lower maximum leverage of 1:400, whereas IQ Option allows trading with up to 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 ($) | 300.0 | 10.0 |
| Commission | 0.0 | 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 | 200.0 | 20000.0 |
| Spread | Variable | Variable |
| Broker type | Market Maker, NDD | Dealing Desk |
| Maximal leverage (1:?) | 400 | 500 |
| Availability | Market Maker, NDD | Dealing Desk |
| Regulation | FSC (British Virgin Islands), CySEC (Cyprus) | CySEC (Cyprus) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | Web Platform, Mobile Platform |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Western Union, WebMoney, Neteller, Skrill, Okpay | 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, RUB | USD, GBP, EUR, ZAR, RUB |
| Languages | English, Spanish, German, Russian, Chinese, Indonesian, Arabic, Farsi | English, Spanish, French, German, Portuguese, Italian, Greek, Russian, Chinese, Bangla, Polish, Indonesian, Thai, Arabic, Vietnamese, Dutch, Swedish, Urdu, Hindi, Czech, Latvian, Romanian |
| Country | Cyprus | Antigua and Barbuda |
| Trading platform(s) timezone | Austria, Cyprus, Germany, Kazakhstan, Russia, Singapore, Ukraine | Antigua and Barbuda |
| Other trading instruments | Stocks, Options, Futures, Indices, Commodities, CFDs | Stocks, Options, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
