OctaFX vs IQ Option

OctaFX or IQ Option – which is better for UK traders 2021? Compare OctaFX and IQ Option in this detailed breakdown of their platforms, features and fees.

OctaFX vs IQ Option Comparison Table 2021
OctaFX IQ Option
OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
IQ Option no longer accepts UK clients.
FCA Regulated
✗ No ✗ No
Awards
  • Best ECN/STP Broker 2019 - FXDaily Info
  • Best Forex Broker Asia 2019 - FXDaily Info
  • Best Forex Broker Asia 2018 - Global Banking & Finance Review
  • Best FX Broker 2018 - European CEO Magazine
  • Best Trading Conditions 2018 - European CEO Magazine
  • Best Copy Trading Platform 2018 - Forex-Awards.com
  • Best Forex ECN Broker 2017 - UK Finance Awards
  • Best Trading Conditions 2016 - Forex Report Magazine
Instruments
Forex, CFDs, indices, commodities, cryptocurrencies
Bonus Offer
None None
Demo Account
✓ Yes ✗ No
Minimum Deposit
$100
Payment Methods
Credit Card, MoneyGram, Paysafecard, Perfect Money, Western Union, WorldPay
Minimum Trade
0.01 lots
Regulator
CySEC
MetaTrader 4
✓ Yes ✗ No
MetaTrader 5
✓ Yes ✗ No
cTrader
✓ Yes ✗ No
DMA Account
✗ No ✗ No
ECN Account
✓ Yes ✗ No
Mobile Apps
Yes
Auto Trading
✓ Yes ✗ No
Trade Signals
✓ Yes ✗ No
Social Trading
✓ Yes ✗ No
Copy Trading
✓ Yes ✗ No
Islamic Account
✓ Yes ✗ No
CFD
Trade on the financial markets with CFDs. CFD trading not offered
Leverage
1:30 (EU), 1:500 (Non-EU)
FTSE Spread
1.8
GBPUSD Spread
1.1
Oil Spread
1.1
Stocks Spread
Variable
Forex
OctaFX offers leveraged trading on currencies. Forex trading not offered
GBPUSD Spread
1.1
EURUSD Spread
0.7
EURGBP Spread
2.1
Assets
28
Cryptocurrency
Trade popular digital currencies at OctaFX. Crypto trading not offered
Spread
Variable
Coins
BTC, LTC, ETH
OctaFX IQ Option
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