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
Broker comparison
Which broker fits your needs?
Platforms, products and fees side by side.
Updated: October 2026
See comparisonSummary
Both are CySEC-regulated and based in Limassol, so the choice is about the product rather than the supervisor. Octa (3.8/5) is a pure forex and CFD house with spreads from 0.6 pip and no commission, MT4, MT5 and OctaTrader with copy trading, from a $25 minimum deposit. IQ Option (3.6/5) starts at $10 and offers digital options on its own platform (restricted in the EU), but no MetaTrader and a $10 monthly inactivity fee after 90 days. MetaTrader users pick Octa; anyone after digital options on a single platform picks IQ Option.
Popular CFD broker with award-winning platform and low entry barrier
CySEC-regulated Forex broker with copy trading and competitive conditions
At a glance
| Criterion | ||
|---|---|---|
| Platforms | IQ Option Platform, IQ Option App | MT4, MT5, OctaTrader |
| Product types | CFDs, Forex, Stocks CFDs, Crypto CFDs, Commodities, ETFs CFDs | Forex, CFDs, Indices, Commodities, Crypto CFDs, Stocks CFDs |
| Options trading | Yes, digital options (EU restricted) | No |
| Fee model | from 0.7 pips Forex, multiplier-based CFDs | from 0.6 pips Forex, no commission |
| Minimum deposit | 10 $ | 25 $ |
| Regulation | CySEC | CySEC |
| More information | Details | Details |
IQ Option Platform, IQ Option App
MT4, MT5, OctaTrader
CFDs, Forex, Stocks CFDs, Crypto CFDs, Commodities, ETFs CFDs
Forex, CFDs, Indices, Commodities, Crypto CFDs, Stocks CFDs
Yes, digital options (EU restricted)
No
from 0.7 pips Forex, multiplier-based CFDs
from 0.6 pips Forex, no commission
10 $
25 $
CySEC
CySEC
Product access and costs depend on market, account and permissions.
Detailed comparison
Compare total costs, not just the order fee.
The relevant costs depend on market, currency, order size and trading style.
Order type, venue and liquidity affect execution.
Check the provider’s execution policy and available order types for your account.
Provider informationCheck the provider’s execution policy and available order types for your account.
Provider informationCategories come from broker profiles. Check specific markets and permissions before deciding.
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 platformMT4 · MT5 · OctaTrader
Octa offers three trading platforms: MetaTrader 4, MetaTrader 5, and the proprietary OctaTrader platform. OctaTrader is the core product with integrated copy trading and modern design. MT4 and MT5 provide classic trading functionality with Expert Advisors and comprehensive charting tools. All platforms support commission-free trading.
Explore platformRegulation does not prevent market losses. The relevant authority depends on the contracting entity.
Your investor profile
Popular CFD broker with award-winning platform and low entry barrier
CySEC-regulated Forex broker with copy trading and competitive conditions
Find the broker that fits
Side by side. Decided with knowledge.
See the differences that matter, and the Academy lessons that explain them.
Spreads and entry: Both are CySEC-regulated brokers based in Limassol. Octa trades EUR/USD from 0.6 pip entirely commission-free (costs sit in the spread), while IQ Option trades from 0.7 pip on forex (EUR/USD from 1.0 pip on CFDs) with a multiplier system. On minimum deposit, IQ Option leads at $10 versus Octa's $25.
Platform: Here the approaches clearly diverge. Octa offers MetaTrader 4, MetaTrader 5 and the proprietary OctaTrader platform with integrated copy trading — ideal for traders who want Expert Advisors or copy strategies. IQ Option deliberately forgoes MT4/MT5 and relies solely on its award-winning proprietary platform. Those who need MetaTrader cannot go past Octa.
Products and verdict: IQ Option is positioned as a CFD/forex broker and additionally offers digital options with a fixed payout structure (payout 70–95%), which are restricted in the EU. Octa is a pure forex/CFD broker (forex, CFDs, indices, commodities, crypto CFDs, stock CFDs) with no options. Octa (rated 3.8/5, founded 2011) offers tighter Standard spreads, MetaTrader and copy trading; IQ Option (3.6/5, founded 2013) the lower entry and digital options. For commission-free forex trading with MT4/MT5, Octa is the stronger pick; for digital options and a minimal entry, IQ Option.
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Popular CFD broker with award-winning platform and low entry barrier
Open accountRead reviewCySEC-regulated Forex broker with copy trading and competitive conditions
Open accountRead reviewThe guides worth reading before your first trade, whichever of the two you choose.