Comparison of IQ Option and OctaFX
| Feature | IQ Option | OctaFX |
|---|---|---|
| Broker | ||
| Year Founded | 2013 | 2011 |
| Broker Type | MM | ECN |
| Dealing | B-book | A-book |
| Execution | Market | Market |
| Regulation | CySEC, SVGFSA | FSC, MISA, CySEC |
| Platforms | Quadcode | MetaTrader 4 (MT4), MetaTrader 5 (MT5), OctaTrader |
| Spread | ⮕ Average | ⮕ Average |
| Maximum Leverage | 1:500 | 1:1000 |
| Minimum Deposit | $10 | $25 |
| Base Currencies | USD, EUR, GBP, RUB | USD, EUR |
| Funding Methods | Bank Wire, Credit/Debit Cards (Visa, Mastercard), Skrill, Neteller, Webmoney, Volet.com, Perfect Money, Cardano (ADA), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Tether (USDT) | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT) |
| Inactivity Fee | $10 per month after 90 days | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | $30 on bank wire; other methods free | ✖ |
| Investor Protection | ICF | Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✔ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✖ | ✔ |
| EAs/Robots | ✖ | ✔ |
| Depth of Market (DOM) | ✖ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETF, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies |
| Review | IQ Option Review | OctaFX Review |
About IQ Option
IQ Option is a regulated broker founded in 2013. It combines its own award-winning platform with a low $10 entry threshold and $1 trade size, offering 300+ instruments across CFDs and fixed-time options. The broker attracts both beginners and active traders with an intuitive interface, rich charting toolkit and 24/7 multilingual support. While spreads are competitive, availability is limited in a number of jurisdictions and binary options remain high-risk.
Pros
- Low $10 minimum deposit and $1 trade size
- Proprietary platform with 100+ indicators and built-in news feed
- Wide range of instruments (300+), incl. 25+ crypto CFDs
- Free practice account with $10 000 virtual funds
- Fast withdrawals (1-3 days) and many funding methods
- CySEC regulation and segregated client funds
Cons
- Binary options classified as high-risk in many countries
- Inactivity fee after 90 days
- Higher spreads than ECN brokers; no MT4/MT5 support
About OctaFX
OctaFX is a prominent forex broker established in 2011, renowned for its user-friendly trading platforms, competitive spreads, and a diverse range of account types tailored to both novice and seasoned traders. The broker offers access to an extensive selection of financial instruments, including major and minor currency pairs, commodities, indices, and cryptocurrencies, ensuring ample trading opportunities. Regulated by reputable authorities, OctaFX emphasizes security and reliability, providing a safe trading environment. Additionally, the broker supports multiple deposit and withdrawal methods, offers robust customer support around the clock, and supplies comprehensive educational resources and market analysis tools to help traders make informed decisions.
Pros
- Competitive spreads and low trading costs
- User-friendly platforms including MetaTrader 4 and 5
- Regulated by reputable authorities ensuring security
- Excellent customer support available 24/7
- Fast and diverse payment methods for deposits and withdrawals
- Comprehensive educational resources and market analysis tools
Cons
- Limited product offerings compared to some larger brokers
- Lack of variety in account types
IQ Option & OctaFX Regulation
| Feature | IQ Option | OctaFX |
|---|---|---|
Companies | IQ Option Europe Ltd, IQ Option LLC | Uni Fin Invest, Octa Markets LTD |
Countries | Cyprus, Saint Vincent and the Grenadines | Mauritius, Comoros, Cyprus |
Regulators | CySEC, SVGFSA | FSC, MISA, CySEC |
Investor Protection | ICF | Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
IQ Option
IQ Option Europe Ltd, IQ Option LLC
OctaFX
Uni Fin Invest, Octa Markets LTD
Countries
IQ Option
Cyprus, Saint Vincent and the Grenadines
OctaFX
Mauritius, Comoros, Cyprus
Regulators
IQ Option
CySEC, SVGFSA
OctaFX
FSC, MISA, CySEC
Investor Protection
IQ Option
ICF
OctaFX
Investor Compensation Fund (ICF)
Investor Protection Size
IQ Option
€20 000
OctaFX
€20 000
Publicly Traded
IQ Option
OctaFX
Segregated Accounts
IQ Option
OctaFX
Guaranteed Stop Loss
IQ Option
OctaFX
Negative Balance Protection
IQ Option
OctaFX
Account Types
| Account | IQ Option | OctaFX |
|---|---|---|
Market Maker Account | ||
| Account Name | Standard | — |
| Min Deposit | $10 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.5 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
ECN Account | ||
| Account Name | — | ECN |
| Min Deposit | — | $25 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 15% |
| Margin Call | — | 25% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Binary Options | ||
| Account | Binary Options | — |
| Minimum Deposit | $10 | — |
| Option Types | Call/Put, Turbo, Digital Options | — |
| Minimum Stake | $1 | — |
| Payout | from 55% to 95% | — |
| Expiration Time | from 30 seconds to 30 days | — |
Market Maker Account
Account Name
IQ Option
Standard
OctaFX
—
Min Deposit
IQ Option
$10
OctaFX
—
Lot Size
IQ Option
0.01
OctaFX
—
Spread Type
IQ Option
Floating
OctaFX
—
Execution
IQ Option
Market
OctaFX
—
Min Spread
IQ Option
0.5
OctaFX
—
Fee
IQ Option
No
OctaFX
—
Max Leverage
IQ Option
1:500
OctaFX
—
Stop Out
IQ Option
50%
OctaFX
—
Margin Call
IQ Option
100%
OctaFX
—
ECN Account
Account Name
IQ Option
—
OctaFX
ECN
Min Deposit
IQ Option
—
OctaFX
$25
Lot Size
IQ Option
—
OctaFX
0.01
Spread Type
IQ Option
—
OctaFX
Floating
Execution
IQ Option
—
OctaFX
Market
Min Spread
IQ Option
—
OctaFX
0.6
Fee
IQ Option
—
OctaFX
No
Max Leverage
IQ Option
—
OctaFX
1:1000
Stop Out
IQ Option
—
OctaFX
15%
Margin Call
IQ Option
—
OctaFX
25%
Additional Features
Demo Account
IQ Option
OctaFX
VIP Account
IQ Option
OctaFX
Swap-Free Account
IQ Option
OctaFX
Copy Trading
IQ Option
OctaFX
VPS
IQ Option
OctaFX
PAMM/MAM Accounts
IQ Option
OctaFX
Binary Options
Account
IQ Option
Binary Options
OctaFX
—
Minimum Deposit
IQ Option
$10
OctaFX
—
Option Types
IQ Option
Call/Put, Turbo, Digital Options
OctaFX
—
Minimum Stake
IQ Option
$1
OctaFX
—
Payout
IQ Option
from 55% to 95%
OctaFX
—
Expiration Time
IQ Option
from 30 seconds to 30 days
OctaFX
—
Funding and Fees
| Feature | IQ Option | OctaFX |
|---|---|---|
Base currencies | USD, EUR, GBP, RUB | USD, EUR |
Deposit and withdrawal methods | Bank Wire, Credit/Debit Cards (Visa, Mastercard), Skrill, Neteller, Webmoney, Volet.com, Perfect Money, Cardano (ADA), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Tether (USDT) | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT) |
Inactivity fee | $10 per month after 90 days | |
Interest on margin | ||
Withdrawal fee | $30 on bank wire; other methods free |
Base currencies
IQ Option
USD, EUR, GBP, RUB
OctaFX
USD, EUR
Deposit and withdrawal methods
IQ Option
Bank Wire, Credit/Debit Cards (Visa, Mastercard), Skrill, Neteller, Webmoney, Volet.com, Perfect Money, Cardano (ADA), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Tether (USDT)
OctaFX
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Dogecoin (DOGE), Tether (USDT)
Inactivity fee
IQ Option
$10 per month after 90 days
OctaFX
Interest on margin
IQ Option
OctaFX
Withdrawal fee
IQ Option
$30 on bank wire; other methods free
OctaFX
Trading Platforms and Conditions
| Feature | IQ Option | OctaFX |
|---|---|---|
Trading Platforms | Quadcode | MetaTrader 4 (MT4), MetaTrader 5 (MT5), OctaTrader |
Execution Speed | 10 ms | 100 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | average | average |
Trading Platforms
IQ Option
Quadcode
OctaFX
MetaTrader 4 (MT4), MetaTrader 5 (MT5), OctaTrader
Execution Speed
IQ Option
10 ms
OctaFX
100 ms
Scalping
IQ Option
OctaFX
Expert Advisors (EAs)
IQ Option
OctaFX
Depth of Market (DOM)
IQ Option
OctaFX
Spread
IQ Option
average
OctaFX
average
Trading Assets
| Asset | IQ Option | OctaFX |
|---|---|---|
Currencies | 63 | 35 |
Indices | 12 | 10 |
Stocks | 379 | 150 |
Cryptocurrencies | 26 | 34 |
Bonds | 0 | 0 |
Metals | 3 | 2 |
Energies | 3 | 4 |
Soft Commodities | 3 | 0 |
ETFs | 22 | 0 |
Currencies
IQ Option
63
OctaFX
35
Indices
IQ Option
12
OctaFX
10
Stocks
IQ Option
379
OctaFX
150
Cryptocurrencies
IQ Option
26
OctaFX
34
Bonds
IQ Option
0
OctaFX
0
Metals
IQ Option
3
OctaFX
2
Energies
IQ Option
3
OctaFX
4
Soft Commodities
IQ Option
3
OctaFX
0
ETFs
IQ Option
22
OctaFX
0
Education and Analytics
| Feature | IQ Option | OctaFX |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
IQ Option
OctaFX
Indicators
IQ Option
OctaFX
Robots
IQ Option
OctaFX
Signals
IQ Option
OctaFX
Autochartist
IQ Option
OctaFX
Expert Analytics
IQ Option
OctaFX
News Feed
IQ Option
OctaFX
Education Articles
IQ Option
OctaFX
Webinars
IQ Option
OctaFX
Seminars
IQ Option
OctaFX
Contests
| Feature | IQ Option | OctaFX |
|---|---|---|
| Demo Contests | ||
| Is available | ||
| Contests List |
| — |
Demo Contests
Is available
IQ Option
OctaFX
Contests List
IQ Option
- Weekend TreatStart Balance: $100 · Prize Pool: $1500 · Period: WeeklyLearn More
- Salary in a DayStart Balance: $100 · Prize Pool: $3,000 · Period: WeeklyLearn More
- Austin 1000Start Balance: $1000 · Prize Pool: $1000 · Period: WeeklyLearn More
- IQ LaunchStart Balance: $100 · Prize Pool: $10000 · Period: WeeklyLearn More
- 72 HoursStart Balance: $100 · Prize Pool: $5000 · Period: Every 2 WeeksLearn More
OctaFX
—
Customer Support
| Contact | IQ Option | OctaFX |
|---|---|---|
Email | support@iqoption.com | support@octacs.one |
Phone | +35724257707 | — |
Telegram | — | Telegram |
Facebook | — | |
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | ||
Twitter |
Email
IQ Option
OctaFX
Phone
IQ Option
OctaFX
—
Telegram
IQ Option
—
OctaFX
Facebook
IQ Option
—
OctaFX
LinkedIn
IQ Option
—
OctaFX
Which Broker is Better?
After comparing IQ Option and OctaFX, IQ Option comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.