IQ Option vs Expert Option

IQ Option vs Expert Option – Which is better?

You are probably wondering before choosing which binary options broker is better. IQ Option or Expert Option? In this article we will try to answer this question and determine which broker suits you best depending on what you expect from the broker. Each of these platforms has a free demo account that you can open by going to the broker’s website.

Quick Pick:

Best Returns:

Best Mobile App: Expert Option

If you are looking for a broker that offers the highest returns in the industry and you want a high level of regulation, choose IQ Option. However, if you expect to spend most of your time trading mobile, consider Expert Option because it offers the best mobile app on the market. Below you will find a complete comparison of all the features of the listed brokers and you can choose the platform that best suits your needs.

Detailed comparison

History

IQ Option and Expert Option are the two most popular binary options platforms on the market. IQ Option was founded in 2013 and quickly gained popularity thanks to its trading platform, which was the first to allow clients to professionally analyze with the help of advanced tools. Expert Option was established a year later and was distinguished by a very refined mobile app, which is currently considered the best in the industry. Brokers offer equally good trading platforms that differ mainly in design and some features.

Result: beacuse is more experienced.

Trading Platforms

Both brokers offer very modern trading platforms. Visually, I like Expert Option better, but this is an individual matter. On the IQ Option platform you will find more analytical tools, tournaments and tight integration with the economic calendar. In addition, you can get detailed information about the asset by clicking on the appropriate button. With Expert Option, the platform works great and offers trading signals and Social Trading which allows you to observe how other traders on the platform are trading.

Result: A draw in my opinion because each broker has its advantages.

Bonuses

Both brokers, do not offer any bonuses. Until a few years ago, it was possible to obtain a deposit with both brokers, but this function was withdrawn. In the case of IQ Option, it was associated with restrictions imposed by regulators. As for Expert Option, the reason is not fully known. Probably the broker has found it more economical not to offer bonuses.

Result: A draw in my opinion because each broker has its advantages.

Instruments

This is where IQ Option shows its dominance. Over the years, IQ Option has focused on development in many different fields – that’s why on the platform, in addition to binary options, you will find the opportunity to trade CFDs, cryptos, stocks and ETFs. Expert Option is limited to binary options only and the offer has been unchanged for many years.

Result: because it offers more instruments.

Assets

Again, IQ Option shows that it has definitely more developed its platform over the years than Expert Option. In this case, the difference is colossal. IQ Option offers access to over 400 different assets (including various instruments). In the case of Expert Option, it is only slightly more than 100 assets.

Result: because it has more instruments.

Regulations

Fortunately, both brokers are regulated, which means they are safe for clients and you don’t have to worry about being scammed. IQ Option has over 7 regulations worldwide, and Expert Option is regulated by only one entity. The most important regulator of IQ Option is CySEC, i.e. the regulator in the European Union. In the case of Expert Option, the regulator is IFMRRC, i.e. a private company from Russia that supervises brokers. Unfortunately, this is not a government regulation, which means that in the event of a fraud, there is nothing the regulator can do about it.

Result because it has more government regulations.

Minimum / Maximum Trade

As for the minimum investment, both brokers offer the possibility to open a position for only $ 1. The limit for IQ Option is as high as $ 20,000. Expert Option allows you to open a maximum position of up to $ 3,000 provided you have a Platinum account type.

Winner: because it allows you to open a larger position.

Mobile Apps

Both brokers offer great mobile apps. Honestly, it’s hard to say which is better because each of them has its own advantages. IQ Option was able to transfer all the functions of its platform to the app, but unfortunately it makes the app slow and sluggish. Expert Option, in turn, offers a very light and efficient app. In my opinion, Expert Option is a bit better in this regard.

Result: Expert Option because the app is better optimized.

Demo Accounts

Both brokers offer a free demo account. On the demo you will find $ 10,000 in virtual funds that you can top up at any time. The advantage of Expert Option is that you can test the demo without registering.

Result Expert Option because you don’t have to register to test the platform.

Minimum Deposit

In both cases, the minimum deposit is just $10. At the Expert Option broker, there are account types that offer variable conditions depending on how much you deposit. IQ Option offers exactly the same conditions regardless of the size of your portfolio.

Result: because it offers solid, very good investment conditions and a deposit from just $10.

Payment Methods

IQ Option is famous for the fact that it perfectly matches the offer to the country in which it operates, so you can be sure that, in addition to standard deposit methods, you will also find methods popular in your country. Expert Option offers fixed conditions, regardless of what country you live in. Below is a brief comparison:

IQ Option: Visa, Mastercard, Maestro, Sofort, Bank Transfer, Skrill, Neteller

Expert Option: Visa, Mastercard, Maestro, Wire Transfer, WebMoney, PayPal, Qiwi, Yandex Money, Neteller, Skrill, UnionPay, PM, FasaPay, ePayments, EO Finace

Result: It’s a draw

Conclusion

IQ Option and Expert Option are very similar platforms at first glance. Brokers were established at a similar time, offer similar functions and you will not find the possibility of using bonuses. However, if you go into details, you will see that IQ Option wins with experience and a slightly better offer. Therefore, if I were you, I would choose IQ Option. If you are looking for a mobile trading broker and you are not interested in any instruments other than binary options, I would consider Expert Option. Each of the brokers listed has a free demo account that you can open by going to the broker’s website. It is worth noting that Expert Option does not require registration to test the account.’

IQ Option

IQ Option is the most recognizable binary options broker on the market. The broker was founded in 2013 and quickly gained popularity thanks to its trading platform, which was the first to offer numerous indicators, professional analytical tools and an integrated economic calendar. Currently, over 100 million clients use the broker’s services. IQ Option is renowned for the highest returns in the industry and a high level of security. The broker is regulated by 7 entities around the world. IQ Option is not only binary options but also forex, CFDs, Crypto, ETFs and stocks. Due to legal restrictions, IQ Option cannot offer bonuses, signals or copy traders. If you are looking for a regulated binary options broker with a modern platform and the highest returns in the industry, choose IQ Option.

• Regulation: Yes, CySEC, FCA, CONSOB, REGAFI, AFM, CNB, CNMV
• Minimum Deposit: $10
• Minimum Trade: $1
• Bonus: None
• Payouts: 98% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: Yes, Android & iOS
• Withdrawal Processing: 24 Hours
• Demo Account: Yes
• US / UK / EU / AU Traders: No

Expert Option

Expert Option is a modern binary options broker, which was established in 2014 and in the first years of its activity it competed intensively with IQ Option. Over the years, brokers have changed target markets and Expert Option has focused on developing its mobile app. Currently, the Expert Option app is considered the best in the industry because it is light and offers many features. The browser version is great too – you will find many indicators, analytical tools and an integrated economic calendar there. It is worth paying attention to the Social Trading function, which allows you to check how other traders on the platform trade. In the “education” tab you will find many guides and several ready-made strategies. Expert Option offers several account types depending on how much you deposit. Therefore, we suggest you pay at least $ 100 to get started. If you are looking for a modern binary options broker that offers high returns (slightly lower than IQ Option) and the best mobile app in the industry, choose Expert Option.

• Regulation: Yes, IFMRRC
• Minimum Deposit: $50
• Minimum Trade: $1
• Bonus: None
• Payouts: 90% Max
• Assets: Commodities, Crypto, Forex, Indices, Stocks
• Mobile Trading: Yes, Android & iOS
• Withdrawal Processing: 24 Hours
• Demo Account: Yes
• US / UK / EU / AU Traders: No