Summary
Neither World Forex nor IQ Option accepts traders from United States. See the brokers that accept you →
Not available in United States 
| World Forex | IQ Option | |
|---|---|---|
| Overview | ||
| Summary | World Forex, an offshore broker in St Vincent and the Grenadines, offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts provide beginners an easy way to trade on major financial markets. World Forex provides binary options where you choose the stake, price direction, and contract duration. Payouts can reach up to 100% on American contracts and 85% on European contracts, which also allow a partial refund if contracts are closed early. CFD trading: World Forex offers leveraged CFDs on over 100 instruments, including stocks, commodities, and forex. For account balances up to $1000, leverage can reach 1:1000, with reduced leverage for larger account balances. Forex trading: World Forex provides digital contract trading on over 50 forex pairs, like EUR/USD and GBP/EUR. It is one of the few binary firms offering daily technical analysis on popular currency pairs and trade calculators for European and American options to help plan setups and potential returns/losses. Crypto trading: Traders can access CFDs on crypto assets via World Forex's W-CRYPTO accounts, offering leveraged crypto trading with zero spreads. You can trade 10 cryptos paired with USD and EUR, and crypto-crypto pairs are available. | IQ Option is a reliable broker offering multi-asset trading via its easy-to-use platform. It allows trading in forex, stocks, cryptos, indices, commodities, and ETFs with low fees, plus extra features and educational resources. An account can be opened with only $10. IQ Option is a well-regarded binary options and digital trading broker. Trade on an easy-to-use platform with a low initial deposit. Just predict if an asset's price will rise or fall to earn a fixed payout of up to 90%+. CFD trading: focuses on CFDs for stocks, forex, cryptocurrencies, and other markets. Leverage varies by location (1:30 in EU, 1:500 globally), with lower rates for more volatile assets. Trades have no commission, featuring floating spreads, and users can access the award-winning platform. Forex trading: IQ Option provides CFD trading on 24 forex assets, including major and some minor pairs. EU traders can use up to 1:30 leverage as per local rules. The broker offers commission-free trades, but spreads are relatively high, so it is not outstanding in this area. Crypto trading: IQ Option is a top crypto broker, providing multipliers and a wide selection of digital currencies like Bitcoin, Ethereum, and Cardano. They offer leverage up to 1:2 with variable spreads and no commission. The user-friendly trading software is ideal for beginners. |
| Warning | – | RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK |
| Awards | – |
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| Regulator | – | CySEC |
| Instruments | Digital Contracts, Forex, CFD Stocks, Metals, Energies, Cryptos | CFD, Forex, Crypto, Stocks, Digital Options |
| Demo account | Yes | Yes |
| Minimum deposit | $1 | $10 |
| Minimum trade | $1 (Binaries), 0.01 Lots (Forex/CFDs) | 0.001 Lots |
| Max payout | 100% (American), 85% (European) | 95% |
| Expiry times | 1 minute - 7 days | 60 seconds - 1 month |
| Ladder options | No | Yes |
| Boundary options | No | Yes |
| Platforms & tools | ||
| Mobile apps | iOS & Android via mobile web trader | Android (plus APK), iOS (plus progressive web app) |
| Mobile trading | The WorldForex Trader Lite app provides limited mobile trading functions. It takes over 30 minutes to access the app due to a complicated account setup. The mobile interface is outdated and includes basic charts and order windows. It also operates slowly and may lag when switching features or placing trades. Overall, it is behind top competitors. | IQ Option offers an easy-to-use mobile app for forex and their own trading instruments, providing a smooth, secure platform for short-term trades. Recent updates have harmonized the interface of both the web and mobile platforms, allowing effortless switching between them. |
| MetaTrader 4 | Yes | No |
| MetaTrader 5 | Yes | No |
| cTrader | No | No |
| TradingView | No | No |
| AlgoTrader | No | No |
| OmniTrader | No | No |
| Autochartist | No | No |
| eSignal | No | No |
| Trading Central | No | No |
| Auto trading | Yes | – |
| Copy trading | Yes | No |
| Social trading | No | No |
| AI / machine learning | No | No |
| Robo advisor | No | No |
| VPS hosting | Yes | No |
| Account & payments | ||
| Payment methods | Bitcoin Payments, Credit Card, Debit Card, Mastercard, Visa, Volet, Wire Transfer | Boleto, Credit Card, GlobePay, Maestro, MoneyGram, Perfect Money, QIWI, Skrill, Sofort, Vietcombank Transfer, Volet, Wire Transfer, Yandex Money |
| Account currencies | USD, EUR, RUB | USD, EUR, GBP, ZAR |
| STP account | Yes | No |
| ECN account | Yes | No |
| DMA account | No | No |
| MAM account | No | No |
| PAMM account | No | No |
| LAMM account | No | No |
| Demat account | No | No |
| Islamic account | Yes | Yes |
| Negative balance protection | No | Yes |
| Market maker | No | Yes |
| Margin trading | Yes | Yes |
| Margin rate | – | 0.2% |
| Tournaments | Yes | Yes |
| Demo competitions | Yes | No |
| Ethical investing | No | No |
| Markets | ||
| Stock exchanges | Nasdaq, S&P 500 | Australian Securities Exchange (ASX), CAC 40 Index France, DAX GER 40 Index, Dow Jones, Euronext, FTSE UK Index, Hong Kong Stock Exchange, IBEX 35, Japan Exchange Group, Nasdaq, S&P 500 |
| Commodities | Gold, Silver, Platinum, Palladium, Oil | Oil, Gold |
| Spot trading | Yes | No |
| P2P trading | No | No |
| CFD trading | Yes | Yes |
| CFD leverage | 1:1000 | 1:500 |
| CFD FTSE spread | NA | – |
| CFD GBPUSD spread | NA | 1 |
| CFD oil spread | NA | 2.3 |
| CFD stocks spread | From 0.03 | 2 |
| Forex trading | Yes | Yes |
| Forex GBPUSD spread | From 0.6 | 5 pips |
| Forex EURUSD spread | From 0.6 | 14 pips |
| Forex EURGBP spread | From 0.6 | 15 pips |
| Forex assets | 53 | 60+ |
| Crypto trading | Yes | Yes |
| Crypto spread | 0 | BTC 7%, ETH 12% (Var) |
| Crypto coins | BCH, BTC, DSH, EOS, ETH, LTC, NEO, XMR, XRP, ZEC | BCH, BTC, DASH, EOS, ETC, ETH, LTC, OMG, QTUM, TRX, XRP, ZEC |
| Crypto lending | No | No |
| Crypto mining | No | No |
| Crypto staking | No | No |
| Crypto auto market maker | No | No |
| Visit | Read review | Read review |
Your capital is at risk. Never trade with more money than you can afford to lose.
FAQ
Is World Forex or IQ Option better?
We have rated IQ Option (80%) higher than World Forex (40%), but the overall rating can't be the only determining factor. For example, does IQ Option accept traders from your country and do they offer the kind of features or trading platforms you prefer? Use the comparison table to see if World Forex or IQ Option is best for you.
