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IQ Option vs OvalX
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, IQ Option currently holds a stronger overall rating (4.3) than OvalX (1).
IQ Option has a lower minimum deposit, at 10.0.
Both platforms offer their clients demo accounts.
IQ Option offers a greater leverage limit of 1:500, whereas OvalX allows a maximum of only 1:275.
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 ($) | 10.0 | 250.0 |
| Commission | 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 | 1.0 | 0.01 |
| Maximum lot size | 20000.0 | - |
| Spread | Variable | Variable |
| Broker type | Dealing Desk | STP, DMA, Prime of Prime |
| Maximal leverage (1:?) | 500 | 275 |
| Availability | Dealing Desk | STP, DMA, Prime of Prime |
| Regulation | CySEC (Cyprus) | FCA (UK), CySEC (Cyprus), FSCA (South Africa) |
| Trading Platforms | Web Platform, Mobile Platform | MetaTrader 4 (MT4) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Check, Online Check, WebMoney, cashU, Neteller, Skrill, FasaPay, Qiwi, Bitcoin, WeChat Pay, iDeal, Sofort Banking | Wire Transfer, Credit Card, Debit Card |
| Account Currency | USD, GBP, EUR, ZAR, RUB | GBP |
| Languages | English, Spanish, French, German, Portuguese, Italian, Greek, Russian, Chinese, Bangla, Polish, Indonesian, Thai, Arabic, Vietnamese, Dutch, Swedish, Urdu, Hindi, Czech, Latvian, Romanian | English |
| Country | Antigua and Barbuda | Cyprus |
| Trading platform(s) timezone | Antigua and Barbuda | United Kingdom |
| Other trading instruments | Stocks, Options, Indices, Commodities, Energies, Shares, CFDs, Cryptocurrency, Precious Metals | Indices, Spread Betting |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
