Broker comparison

FXTM vs.
IQ Option

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

Entry is a draw — both ask for a $10 minimum deposit. FXTM (4.0/5) is regulated by the FCA and CySEC, offers MT4, MT5 and copy trading via FXTM Invest, and on the Advantage account EUR/USD from 0.0 pip plus $4.00 per lot round turn. IQ Option (3.6/5, CySEC) backs its own platform with digital options, restricted in the EU, without MetaTrader and with a $10 monthly inactivity fee after 90 days. For conventional forex trading on MetaTrader FXTM is the stronger choice; for digital options, IQ Option.

Award-winning Forex broker with ECN access and copy trading

Popular CFD broker with award-winning platform and low entry barrier

At a glance

The key differences

Criterion
PlatformsMT4, MT5, FXTM Trader AppIQ Option Platform, IQ Option App
Product typesForex, CFDs, Indices, Commodities, Stocks CFDs, Crypto CFDs, MetalsCFDs, Forex, Stocks CFDs, Crypto CFDs, Commodities, ETFs CFDs
Options tradingNoYes, digital options (EU restricted)
Fee modelfrom 0.0 pips (ECN) + $2 commission per lotfrom 0.7 pips Forex, multiplier-based CFDs
Minimum deposit10 $10 $
RegulationFCA/CySECCySEC
More informationDetailsDetails

Platforms

FXTM

MT4, MT5, FXTM Trader App

IQ Option

IQ Option Platform, IQ Option App

Product types

FXTM

Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto CFDs, Metals

IQ Option

CFDs, Forex, Stocks CFDs, Crypto CFDs, Commodities, ETFs CFDs

Options trading

FXTM

No

IQ Option

Yes, digital options (EU restricted)

Fee model

FXTM

from 0.0 pips (ECN) + $2 commission per lot

IQ Option

from 0.7 pips Forex, multiplier-based CFDs

Minimum deposit

FXTM

10 $

IQ Option

10 $

Regulation

FXTM

FCA/CySEC

IQ Option

CySEC

More information

IQ Option

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

from 0.0 pips (ECN) + $2 commission per lot

Published fee
from 0.0 pips (ECN) + $2 commission per lot
Minimum deposit
10 $
Inactivity
€5/month after 6 months of inactivity
See terms at provider

from 0.7 pips Forex, multiplier-based CFDs

Published fee
from 0.7 pips Forex, multiplier-based CFDs
Minimum deposit
10 $
Inactivity
$10/month after 90 days of inactivity
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

ForexCFDsIndicesCommoditiesStocks CFDsCrypto CFDsMetals
CFDsForexStocks CFDsCrypto CFDsCommoditiesETFs CFDs

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

MT4 · MT5 · FXTM Trader App

FXTM offers MetaTrader 4, MetaTrader 5, and the FXTM Trader App. MT4 and MT5 deliver comprehensive trading functionality with Expert Advisors, advanced charts, and automated trading. The FXTM Trader App provides mobile trading access with integrated copy trading via FXTM Invest, real-time quotes, and portfolio management.

Explore platform

IQ Option Platform · IQ Option App

IQ Option exclusively uses its own award-winning platform, available as a desktop application and mobile app. The platform impresses with modern design, intuitive operation, interactive charts with numerous indicators, and an innovative multiplier system for CFDs. MetaTrader is not supported. The platform also offers an integrated practice account.

Explore platform

Regulation & security

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

Award-winning Forex broker with ECN access and copy trading

  • FCA and CySEC-regulated with EU investor protection
  • Very low ECN commissions from $2 per lot
  • Copy trading via FXTM Invest
  • Inactivity fee after 6 months
  • Stock CFDs only on MT5 account

Popular CFD broker with award-winning platform and low entry barrier

  • Award-winning, intuitive trading platform
  • Very low minimum deposit of $10
  • Over 100 million registered users worldwide
  • No MT4 or MT5 available
  • Digital options restricted in the EU

Find the broker that fits

FXTM oder IQ Option?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

FXTM4.0
  • FCA and CySEC-regulated with EU investor protection
  • Very low ECN commissions from $2 per lot
  • Copy trading via FXTM Invest
IQ Option3.6
  • Award-winning, intuitive trading platform
  • Very low minimum deposit of $10
  • Over 100 million registered users worldwide
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

In-depth analysis

Entry and fees: Both ask for just a $10 minimum deposit, so the barrier is equally low. On spreads FXTM offers two routes: EUR/USD from 1.5 pip on the Standard account, or from 0.0 pip plus $4.00 per lot round turn on the Advantage account. IQ Option quotes EUR/USD from 1.0 pip for CFDs. If you trade larger volumes, FXTM's commission model is usually the cheaper route; if you trade small and rarely, watch the inactivity fees instead: FXTM charges €5 a month after 6 months without a trade, IQ Option $10 a month after just 90 days.

Products and platforms: FXTM is a classic MetaTrader house with MT4, MT5 and the FXTM Trader App, trading forex, CFDs, indices, commodities, metals, stock CFDs and crypto CFDs — stock CFDs only on the MT5 account. FXTM Invest adds copy trading. FXTM offers no options. IQ Option takes the opposite approach: its own award-winning platform and app, but neither MT4 nor MT5. In return it has digital options with a payout of 70–95% depending on asset and expiry, though restricted in the EU, alongside CFDs on forex, stocks, crypto, commodities and ETFs. IQ Option names limited research tools as a weakness itself.

Profile and verdict: FXTM (4.0/5 from 1,800 reviews) was founded in 2011, sits in London and is regulated by the FCA and CySEC, with EU investor protection. IQ Option (3.6/5 from 1,950 reviews) has been running since 2013, sits in Limassol and is CySEC-regulated. If you want to trade forex and CFDs on MetaTrader or copy strategies, FXTM fits. If you specifically want digital options on one simple interface and trade outside the EU restrictions, only IQ Option has them.

Your questions

Frequently asked questions

How do fees differ between FXTM and IQ Option?
FXTM: from 0.0 pips (ECN) + $2 commission per lot. IQ Option: from 0.7 pips Forex, multiplier-based CFDs. Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: FXTM or IQ Option?
FXTM offers Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto CFDs, Metals. IQ Option offers CFDs, Forex, Stocks CFDs, Crypto CFDs, Commodities, ETFs CFDs.
How are FXTM and IQ Option regulated?
The broker profiles list FCA/CySEC for FXTM and CySEC for IQ Option. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is FXTM or IQ Option better for beginners?
FXTM lists a 10 $ minimum deposit and offers MT4, MT5, FXTM Trader App. IQ Option lists 10 $ and offers IQ Option Platform, IQ Option App. Compare usability, available products and costs for your intended use.
FXTM vs IQ Option: Which broker is better overall?
The choice between FXTM (4/5, 1800 reviews) and IQ Option (3.6/5, 1950 reviews) depends on your needs. FXTM: Award-winning Forex broker with ECN access and copy trading. IQ Option: Popular CFD broker with award-winning platform and low entry barrier.
How do spreads compare between FXTM and IQ Option?
FXTM offers typical spreads of EUR/USD from 1.5 pip (Standard), 0.0 pip (Advantage) + $4.00 per lot round turn. IQ Option offers EUR/USD from 1.0 pip (CFD); FX options with fixed payout structure. Tighter spreads reduce trading costs especially for active trading.
Do FXTM or IQ Option charge an inactivity fee?
FXTM: €5/month after 6 months of inactivity. IQ Option: $10/month after 90 days of inactivity.

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise