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IQ Option vs KuCoin

IQ Option or KuCoin – which is better for UK traders 2024? Compare IQ Option and KuCoin in this detailed breakdown of their platforms, features and fees.

IQ Option vs KuCoin Comparison Table 2024
IQ Option	KuCoin

4	3.6
IQ Option is ranked #97 among CFD brokers.	KuCoin is ranked #34 among crypto brokers.
Review	Review
IQ Option has closed or no longer accepts UK clients. IQ Option is a trusted broker with multi-asset trading on its user-friendly proprietary platform. The broker provides trading on forex, stocks, cryptos, indices, commodities and ETFs with competitive fees and a good suite of extra features and educational content. You can also open an account with just $10.	Kucoin is a crypto exchange that offers trading on 1000+ tokens as well as leveraged trading opportunities via futures and perpetual swaps. This exchange has a slick trading platform that supports robots, allowing traders to implement automated strategies. Other attractive features include a demo account, flexible funding methods and DeFi features like staking and mining.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Pros
User-friendly platform for beginners Excellent range of payment methods Reliable 24/7 multilingual support Access to IQ Option community High payouts on binary options iOS & Android compatible app	Wide list of tokens with 1000+ cryptos including many low-market-cap tokens Good range of DeFi products as well as Web3 features including an NFT marketplace Well-known and reputable in the crypto world Leverage available via crypto derivatives Possibility to earn interest on crypto by staking Good customer service Low trading fees
Cons
€10 inactivity fee after 90 days No MetaTrader 4 integration	Like many crypto firms, Kucoin is unregulated Crypto exchanges are often riskier than trading through a crypto broker The proprietary platform can feel complex compared to better-known terminals Limited educational resources Fiat withdrawals are not possible
Awards
Most Trusted Broker 2017, 2018, 2019, 2020 - BinaryOptions.net Best Binary Broker 2021 - DayTrading.com
FCA Regulated
No	No List of FCA Regulated Brokers
Instruments
CFD, Forex, Crypto, Stocks, Digital Options	ETFs, Cryptos, Futures
Demo Account
Yes	Yes
Minimum Deposit
$10	$0
Payment Methods
ADVcash Alipay Credit Cards GlobePay Maestro MoneyGram Perfect Money Skrill Sofort Wire Transfer Yandex Money	Alipay Apple Pay Credit Cards Debit Card Google Pay Neteller PayPal Skrill Wire Transfer
Minimum Trade
0.001 Lots	0.0001 Lots
Mobile Apps
iOS, Android and Windows	Yes (iOS & Android)
Trading App
IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have also synchronised the look and feel of both the web trader and mobile platform, making switching between the two, seamless.
iOS App Rating
4.3
Android App Rating
4.2
Margin Trading
Yes	Yes
Margin Rate
0.2%
MetaTrader 4
No	No
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	Yes
P2P Trading
No	Yes
Spot Trading
No	Yes
Auto Trading
	Yes
Copy Trading
No	Yes
Copy Trading Platform
	Kucoin offers copy trading via automated bots with low fees and instant deposits. The service will appeal to beginners new to crypto trading. Users can choose a suitable trader in the marketplace and select 'copy' to start mirroring positions.
Social Trading
No	Yes
Trade Signals
	Yes
VPS Hosting
No	No
Tournaments
Yes	Yes
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
USD EUR GBP ZAR	USD EUR GBP BRL
Commodities
Oil Gold
CFD
IQ Option deals primarily in CFDs, which are available on stocks, forex, cryptocurrencies and several other markets. The leverage available is in line with EU restrictions, to a maximum of 1:30 on major forex pairs but with less available on more volatile assets. Trades are commission-free with floating spreads and clients can use the award-winning platform.
Leverage
1:500
GBPUSD Spread<
1
Oil Spread
2.3
Stocks Spread
2
Forex
IQ Option offers CFD trading on 24 forex assets, including major pairs and some minors. EU traders can access a maximum of 1:30 leverage in line with local regulations. The broker offers commission-free trades but spreads are on the high side so the brand does not excel in this area.
Assets
60+
GBPUSD Spread
5 pips
EURUSD Spread
14 pips
EURGBP Spread
15 pips
Cryptocurrency
IQ Option is a leading crypto broker. They offer multipliers and a huge range of digital currency markets, including Bitcoin, Ethereum, and Cardano. Leverage of up to 1:2 is available with a variable spread and no commission. Newer traders will also rate the intuitive trading software.	With well over 1000 crypto assets available, Kucoin offers a great degree of flexibility. It is excellent to see an extensive range of tokens, as this allows traders to search for lesser-known tokens with a high upside. The crypto futures and perpetual swaps are also good additions to the roster, tradeable with 1:10 leverage.
Spread
BTC 7%, ETH 12% (Var)	Variable
Coins
BTC TRX XRP BCH ETH EOS OMG ETC QTUM ZEC LTC DASH	ETH BTC VRA LUNA KCS XRP LTC ALGO TEL DOT ADA XMR AVAX FTM VET XLM LINK MATIC ONE TRX HBAR ICP CRO EOS DOGE WBTC ATOM XDC DAG COTI BCH EGLD XTZ KSM ETC KDA MANA XYO OMG BNB TRAC XPR RNDR CWAR UOS FET UTK IOTX XHV TRIAS CTSI SOUL BAND STX DERO CHR ZEC FXS HTR ZCX FLOW OLT MTV ABBC XDB FKX NEAR ATA KLV PYR PPT OPCT DFI CRPT LRX PRE
Crypto Lending
No	Yes
Crypto Mining
No	Yes
Crypto Staking
No	No
Auto Market Maker
No	No

IQ Option	KuCoin
Review	Review
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
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