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 Option | Expert Option |
|---|---|
 IQ Option is a trading platform offering a wide range of investment options through CFDs , derivatives like binary and digital options. Full Review |  Expert Option offers binary options trading of Cryptocurrencies, commodities, Forex, indices, and stocks. Their trading service is available to certain regions. Full Review |
| Year founded: | |
| 2013 | 2014 |
| Regulated by: | |
| CySec | St. Vincent and the Grenadines (SVGFSA) |
| Headquarters: | |
| Limassol, Cyprus | Saint Vincent and the Grenadines |
| Is a Bank: | |
| No ❌ | No ❌ |
| Demo Account: | |
| Yes ✔️ | Yes ✔️ |
| Minimum Deposit: | |
| $10 | $10 |
| Minimum Trade: | |
| $1 | Varies |
| Islamic 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, USA | USA, 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 Option | Expert Option |
|---|---|
| Markets Available: | |
| CFD, Binary and Digital Options Options, Forex, Stocks, Crypto, Commodities, ETF, Indices | Binary Options, CFD Cryptocurrencies, commodities, Forex, Indices, Stocks |
| CFDs Total | |
| Yes ✔️ 262 | Yes ✔️ 100+ |
| Forex Pairs | |
| Yes ✔️ 41 | Yes ✔️ |
| Stocks | |
| Yes ✔️ 181 | Yes ✔️ |
| Cryptocurrencies | |
| Yes ✔️ 12 | Yes ✔️ |
| Commodities | |
| Yes ✔️ 4 | Yes ✔️ |
| ETFs | |
| Yes ✔️ 24 | No ❌ |
| Options | |
| Yes ✔️ | No ❌ |
| EFPs | |
| No ❌ | No ❌ |
| Mutual Funds | |
| No ❌ | No❌ |
| Robo Portfolios | |
| No ❌ | No ❌ |
Trading Platforms
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 Option | Expert Option |
|---|---|
| Proprietary Platform: | |
| Yes ✔️ | Yes ✔️ |
| Desktop Platform: | |
| No ❌ | Yes ✔️ |
| Mobile App: | |
| Yes ✔️ iOS, Android | Yes ✔️ iOS, Android |
| Web Trading Platform: | |
| Yes ✔️ | Yes ✔️ |
| MetaTrader: | |
| No ❌ | Yes ✔️ |
| cTrader: | |
| No ❌ | No ❌ |
| Mirror Trader: | |
| No ❌ | No ❌ |
| Zulu Trade: | |
| No ❌ | No ❌ |
| Dupli Trade: | |
| No ❌ | No ❌ |
Fees
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 Option | Expert Option |
|---|---|
| Trading Fees: | |
| Yes ✔️ Spread Varies | Yes ✔️ Spread Varies |
| Deposit 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 ✔️ $10/month | Yes ✔️ $10/month |
Customer Support
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 Option | ExpertOption |
|---|---|
| eMail: | |
| Yes ✔️ | Yes ✔️ |
| Online Chat: | |
| Yes ✔️ | Yes ✔️ |
| Phone Support: | |
| Yes ✔️ | Yes ✔️ |
| Languages: | |
| 13 | 15 |
Account Funding
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 Option | Expert Option |
|---|---|
| Deposit Methods: | |
| Visa, MasterCard, Maestro, Visa Electron, Neteller, Skrill, WebMoney, PayPal, Bank Transfer, Bitcoin, eWallets | Visa, Mastercard, Maestro, Skrill, Neteller, JCB |
| Deposit Fee: | |
| No ❌ | No ❌ |
| Minimum Deposit: | |
| $10 | $10 |
Education
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 Option | Expert Option |
|---|---|
| Video Tutorials: | |
| Yes ✔️ | Yes ✔️ |
| Webinars: | |
| Yes ✔️ | Yes ✔️ |
Verdict
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.
