In this comparison, we will take a look at IQ Option vs Plus500. Comparing brokers is not always easy. We will take a look at IQ Option and Plus500 and break down the pros and cons of both. Of both, Plus 500 is the better choice. Plus500 offers more financial assets to trade (only CFD), has an award-winning trading platform, and is regulated by top-tier authorities. Their trading platform is robust and has all the functionality traders need.
| IQ Option | Plus500 |
|---|---|
IQ Option is a trading platform, offering a wide range of investment options through CFDs ,derivatives like binary and digital options. Full Review |
Plus500 is a leading CFD broker. It is listed on the London Stock Exchange. They offer trading on popular financial instruments such as Commodities, Forex, Cryptocurrencies, Stocks, Options and Indices. Full Review |
| Year founded: | |
| 2013 | 2008 |
| Regulated by: | |
| CySec | MAS, FMA, FCA, FSCA, CySec, ASIC, FSA |
| Headquarters: | |
| Limassol, Cyprus | Israel |
| Is a Bank: | |
| No ❌ | No ❌ |
| Demo Account: | |
| Yes ✔️ | Yes ✔️ |
| Minimum Deposit: | |
| $10 | $100 |
| Minimum Trade: | |
| $1 | Varies |
| Islamic Account: | |
| Yes ✔️ | Check Website |
| Social/Copy Trading: | |
| No ❌ | No ❌ |
| Spread Betting: | |
| No ❌ | No ❌ |
| Excluded countries: | |
| Albania, Afghanistan, Australia, Belgium, Canada, Iran, Israel, Japan, Latvia, North Korea, Palestine, Portugal, Russia, South Sudan, Syria, USA | CN, SG, ID, BE, US, AE, MY, CA, PH, SE, IE, FR |
Types of Products And Markets Available
Plus500 is the clear winner compared to IQ Option. They offer more than 2000 CFDs on popular financial instruments. IQ Option offers 262. Plus500 offers more forex pairs, stocks, commodities, ETFs, and is great for day traders.
| IQ Option | Plus500 |
|---|---|
| Markets Available: | |
| CFD Options, Forex, Stocks, Crypto, Commodities, ETF, Indices |
CFDs on: Shares, Forex, Options, Commodities, Indices, ETF, Cryptoassets |
| CFDs Total | |
| Yes ✔️ 262 |
Yes ✔️ 2000+ |
| Forex Pairs | |
| Yes ✔️ 41 |
Yes ✔️ 61 |
| Stocks | |
| Yes ✔️ 181 |
Yes ✔️ 1800+ |
| Cryptocurrencies | |
| Yes ✔️ 12 |
Yes ✔️ 12 |
| Commodities | |
| Yes ✔️ 4 |
Yes ✔️ 22 |
| ETFs | |
| Yes ✔️ 24 |
Yes ✔️ 80+ |
| Options | |
| Yes ✔️ | Yes ✔️ |
| EFPs | |
| No ❌ | No ❌ |
| Mutual Funds | |
| No ❌ | No❌ |
| Robo Portfolios | |
| No ❌ | No ❌ |
Trading Platforms
Comparing the two, both of their platforms are great. Plus500 mobile app is better, while IQ option will suffice for most traders. They both offer proprietary platforms both as a WebTrader and Mobile app.
| IQ Option | Plus500 |
|---|---|
| Proprietary Platform: | |
| Yes ✔️ | Yes ✔️ |
| Desktop Platform: | |
| No ❌ | No ❌ |
| Mobile App: | |
| Yes ✔️ iOS, Android |
Yes ✔️ iOS, Android |
| Web Trading Platform: | |
| Yes ✔️ | Yes ✔️ |
| MetaTrader: | |
| No ❌ | No ❌ |
| cTrader: | |
| No ❌ | No ❌ |
| Mirror Trader: | |
| No ❌ | No ❌ |
| Zulu Trade: | |
| No ❌ | No ❌ |
| Dupli Trade: | |
| No ❌ | No ❌ |
Fees
Comparing fees, it is hard to compare IQ Option and Plus500. Variable spreads depend on many factors, and change. Both brokers offer competitive spreads. It is best to check before you sign up and see the current spreads. Plus500 offers 5 free withdrawals per month, then charges $10 per withdrawal.
| IQ Option | Plus500 |
|---|---|
| Trading Fees: | |
| Yes ✔️ Spread Varies |
Yes ✔️ Spread Varies |
| Deposit Fees: | |
| No ❌ | No ❌ |
| Withdrawal Fees: | |
| $31 (Bank
Transfer) $0 (Credit Cards, eWallets) |
$0 for up to 5 monthly
Withdrawals Them $10/withdrawal |
| Overnight Funding: | |
| Yes ✔️ | Yes ✔️ |
| Inactivity Fee: | |
| Yes ✔️ $10/month |
Yes ✔️ $10/month |
Customer Support
Customer support is better at IQ option. IQ option offers email, online chat and phone support. Plus500 has 15 languages available compared to 13. IQ Option average response time for chat support is 43 seconds and 20 minutes for email. Out of the two, IQ Option is better for their support.
| IQ Option | Plus500 |
|---|---|
| eMail: | |
| Yes ✔️ | Yes ✔️ |
| Online Chat: | |
| Yes ✔️ | Yes ✔️ |
| Phone Support: | |
| Yes ✔️ | No |
| Languages: | |
| 13 | 15 |
Account Funding
IQ option offers a lower minimum deposit and has more payment methods available than Plus500. Plus500 has a higher minimum deposit, which is a problem for traders with smaller starting capital. Out of the two, IQ option wins.
| IQ Option | Plus500 |
|---|---|
| Deposit Methods: | |
| Visa, MasterCard, Maestro, Visa Electron, Neteller, Skrill, WebMoney, PayPal, Bank Transfer, Bitcoin, eWallets | Visa, MasterCard, Skrill, PayPal, Bank Transfer |
| Deposit Fee: | |
| No ❌ | No ❌ |
| Minimum Deposit: | |
| $10 | $100 |
Education
The education materials are ok at both brokers. IQ Option has better video tutorials and webinars by professional traders. We think IQ Option is the better choice between the two when it comes to trader education.
| IQ Option | Plus500 |
|---|---|
| Video Tutorials: | |
| Yes ✔️ | Yes ✔️ |
| Webinars: | |
| Yes ✔️ | No ❌ |
Verdict
So, is IQ option better than Plus500? Based on our comparison, we think Plus500 is better. They offer ten times as many assets to trade. Plus500 is better regulated and has been in business a lot longer, and is the clear winner.
