What is the difference between iq option and expert option
In this comparison we will take a look at IQ Option vs Expert Option. We take take a look at IQ Option and Expert Option and break down the pros and cons of both. Between both, IQ Option is the better choice. IQ Option offers more financial assets to trade (CFD, digital and binary options), and boasts an award-winning trading platform. Expert Option on the other hand, has fast execution times and a better mobile trading experience.
IQ OptionExpert Option
IQ Option is a trading platform, offering a wide range of investment options through CFDs ,derivatives like binary and digital options.
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Expert Option offers binary options trading of Cryptocurrencies, commodities, Forex, indices, and stocks. Their trading service is available to certain regions.
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Year founded:20132014Regulated by:CySecSt. Vincent and the Grenadines (SVGFSA)Headquarters:Limassol, CyprusSaint Vincent and the GrenadinesIs a Bank:No ❌No ❌Demo Account:Yes ✔️Yes ✔️Minimum Deposit:$10$10Minimum Trade:$1VariesIslamic Account:Yes ✔️No ❌Social/Copy Trading:No ❌Yes ✔️Spread Betting:No ❌No ❌Excluded countries:Albania, Afghanistan, Australia, Belgium, Canada, Iran, Israel, Japan, Latvia, North Korea, Palestine, Portugal, Russia, South Sudan, Syria, USAUSA, Canada, Australia, European Economic Area, Switzerland, Israel, Puerto Rico, New Zealand, North Korea, Singapore, Bangladesh, Indonesia, Yemen, and Russia.
Types of Products And Markets Available
IQ Option is the clear winner compared to Expert Option. They offer more than 200 CFDs on financial instruments. Expert Option offers 100+. On top, IQ Option has more trading options and covers more markets.
IQ OptionExpert OptionMarkets Available:CFD, Binary and Digital Options
Options, Forex, Stocks, Crypto, Commodities, ETF, IndicesBinary Options, CFD
Cryptocurrencies, commodities, Forex, Indices, StocksCFDs TotalYes ✔️
100+Forex PairsYes ✔️
41Yes ✔️StocksYes ✔️
181Yes ✔️CryptocurrenciesYes ✔️
12Yes ✔️CommoditiesYes ✔️
4Yes ✔️ETFsYes ✔️
24No ❌OptionsYes ✔️No ❌EFPsNo ❌No ❌Mutual FundsNo ❌No❌Robo PortfoliosNo ❌No ❌
Comparing Expert Option vs IQ Option, both platforms are great. Expert Option mobile app is better, while IQ option mobile platform is good for most traders. They both offer proprietary platforms both as browser-based and Mobile app. Expert Option has a desktop platform available. Between the two, Expert Option is better, but has fewer assets available.
IQ OptionExpert OptionProprietary Platform:Yes ✔️Yes ✔️Desktop Platform:No ❌Yes ✔️Mobile App:Yes ✔️
iOS, AndroidYes ✔️
iOS, AndroidWeb Trading Platform:Yes ✔️Yes ✔️MetaTrader:No ❌Yes ✔️cTrader:No ❌No ❌Mirror Trader:No ❌No ❌Zulu Trade:No ❌No ❌Dupli Trade:No ❌No ❌
Comparing fees, they are hard to compare. Variable spreads depend on many factors, and change. Both brokers offer competitive spreads. IQ Option has a $31 withdrawal fee for bank transfer and $0 for credit/debit cards. ExpertOption doesn’t charge any withdrawal fees. If you make frequent bank transfers, Expert Option is better.
IQ OptionExpert OptionTrading Fees:Yes ✔️
Spread VariesYes ✔️
Spread VariesDeposit Fees:No ❌No ❌Withdrawal Fees:$31 (Bank Transfer)
$0 (Credit Cards, eWallets)$0 (Bank Transfer)
$0 (Credit Cards, eWallets)Overnight Funding:Yes ✔️Yes ✔️Inactivity Fee:Yes ✔️
Customer support is great at both brokers. Both offer email, online chat and phone support. Customer support is a priority for both brokers. Expert Option has 15 languages available compared to 13. IQ Option average response time for chat support is 43 seconds and 20 minutes for email. You can rest assured support is good, whichever you pick.
IQ OptionPlus500eMail:Yes ✔️Yes ✔️Online Chat:Yes ✔️Yes ✔️Phone Support:Yes ✔️Yes ✔️Languages:1315
Depositing money to IQ Option offers more options than ExperOption. There are no deposit fees for both. The minimum deposit is $10 at both. If the payment method isn’t available at IQ Option pick Expert Option.
IQ OptionExpert OptionDeposit Methods:Visa, MasterCard, Maestro, Visa Electron, Neteller, Skrill, WebMoney, PayPal, Bank Transfer, Bitcoin, eWalletsVisa, Mastercard, Maestro, Skrill, Neteller, JCBDeposit Fee:No ❌No ❌Minimum Deposit:$10$10
The education materials are good at both brokers. Expert Option offer technical, graphical, and fundamentals analysis. On top of this, they offer education on trading strategies, webinars, and tutorials. IQ Option lack in this area. Based on education, Expert Option is the better choice.
IQ OptionExpert OptionVideo Tutorials:Yes ✔️Yes ✔️Webinars:Yes ✔️Yes ✔️
So, is IQ option better than Expert Option? Based on our analysis, we think IQ Option is better. They offer more assets to trade, and competitive spreads. IQ Option is CySEC regulated, which makes it safer. Expert Option is better for their mobile trading app and fast trade execution times.
Today we have a clash of two rivals IQ Option vs Expert Option. May the better one win! Expert Option and IQ Option are two of the most popular online trading platforms. Since their launch, both have managed to attract millions of users from across the globe. But if you’re a new trader looking for a broker to invest with, which one would you choose?
IQ Option vs Expert Option: key comparison criteria
This review will compare them side by side. In it, I’ll cover the most important features to look for when searching for an online broker. These include the following:
- How long the broker has been operational
- The regulatory body monitoring the broker’s activities
- Active traders
- Account types offered
- Types of assets offered
- Returns on trades (options)
- Payment methods accepted
- Deposits and withdrawals
- Additional features
Let’s get started.
How long IQ Option vs Expert Option have been operational
Expert Option was launched in 2014. Expert Option has its offices in Saint Vincent and Grenadines. IQ Option on the other hand was launched in 2013 and has its offices located in Cyprus.
Expert Option is regulated by Financial Markets Relations Regulation Center (FMRRC) in Russia. They’re also regulated by the Vanuatu Financial Services Commission.
IQ Option on the other hand is regulated by CySEC.
Since its inception, Expert Option has managed to attract over 11 million active traders and has over $30 million worth of transactions conducted each month. IQ Option on the other hand has over 23 million traders and has over $380 million worth of transactions per month.
Both platforms have attracted traders from different regions across the globe. Their clients primarily come from Latin America, Asia, Eastern Europe, the Middle East and Africa. Note that both brokers do not offer their services to residents and citizens of North America, Australia, New Zealand and other countries.
Expert Option has 5 different account types.
Their Basic account requires a minimum deposit of $50. With this account, you can invest a maximum of $25 per trade and have a maximum of 10 open trades at a time.
The Silver account requires a minimum deposit of $500. With this account, you can invest a maximum of $250 per trade and have a maximum of 15 open trades at a time. You’ll also get a personal manager as well as daily market reviews and financial research.
The Gold account requires a minimum deposit of $2500. With this account, you can invest a maximum of $1000 per trade and have a maximum of 30 open trades at a time. You’ll also get a personal manager, daily market reviews and financial research, priority withdrawal and up to 2% extra on profitable trades.
The Platinum account requires a minimum deposit of $5000. With this account, you can invest a maximum of $2000 per trade and have unlimited number of open trades at a time. You’ll also get an account manager, daily market reviews and financial research, priority withdrawal and up to 4% extra on profitable trades.
The Exclusive account is invitation only. With this account, you can invest a maximum of $5000 per trade and have unlimited number of open trades at a time. You’ll also get a senior account manager, daily market reviews and financial research, priority withdrawal, access to strategies and up to 6% extra on profitable trades.
IQ Option on the other hand has 2 account types. The Standard account requires a minimum deposit of $10. Standard account holders get access to all financial instruments and can invest as little as $1 per trade.
There’s no limit to the maximum you can invest per trade. The IQ Option VIP account requires a minimum deposit of $1900 or at least $15000 trading volume over 3 months. The VIP account isn’t available for EU citizens. VIP account holders benefit from faster withdrawals, account managers and free trading eBooks.
Both platforms also offer demo accounts which come credited with $10000 virtual cash. The demo accounts can be recharged of the balance becomes depleted.
Types of assets offered
Both platforms offer hundreds of assets drawn from different classes. These include digital options, forex, stocks, commodities and cryptocurrencies. This diverse selection of financial instruments is perhaps the main reason for their growth in such a short time.
Returns on trades
Both platforms offer good returns. These range between 70% and 90% for Expert Option and 65% to 95% for the IQ Option. Note that the return depends on the asset you’re trading as well as the time you’re trading.
Payment methods accepted
Both Expert Option and IQ Option accept over 20 different payment methods. These include credit/debit cards and eWallets such as Skrill and Neteller. IQ Option stands out, however. They are continuously adding new payment methods. Recently, they added Jeton Wallet to their list.
Deposits and withdrawals
Depending on your deposit method, it might take a few minutes to several days for your deposit to reflect on your trading account. Depositing with an eWallet or debit/credit card is faster. Withdrawals are usually processed within hours or up to 5 business days depending on your account type.
Note that Gold, Platinum and Exclusive account holders for Expert Options and VIP account holders for IQ Option get priority withdrawals. These are processed within 24 hours.
Expert Option and IQ Option are accessible via web browser, desktop apps (Windows and macOS) as well as smartphone apps (Android and iOS).
Both platforms have excellent customer support. Their support team can be reached through phone, chat, email and even social media.
Both platforms have well designed intuitive trading interfaces. Both support line, bar and candle charts. The IQ Option platform however supports more indicators and tools. It also has larger candle time intervals where Expert Option candle intervals are limited to 60 seconds.
Expert Option has a social trading feature. This allows you to interact with other traders on the platform. It also allows you to view other traders’ trades in real-time. Their social network groups also come in handy for beginner traders. IQ Option on the other hand has a support and chat feature which allows you to interact with other traders on the platform.
Conclusion on IQ Option vs Expert Option fight
Both platforms are great for both beginner and expert traders. IQ Option is a good choice for traders who want to start small as well as trade options. Expert Option on the other hand offers more trading accounts although their basic account requires a larger deposit.
In the IQ Option vs Expert Option battle, it is difficult to pick a single winner. Often the choice of broker is also related to individual preferences. For us, however, it is IQ Option that wins today’s duel. It has a much better trading interface and is a more flexible platform. Not without importance are the higher payouts, the greater choice of assets to trade and the fact that IQ Option is supervised by a reliable regulatory body.
Which of these two platforms have you traded on? Kindly share your experience in the comments section below. Be sure to also watch the IQ Option vs Expert Option video below the article.
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose
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