eToro vs IQ Option: my opinion after 3
Update March 26, 2023
Due to recent development and market conditions, we cánido no longer recommend Etoro.
So we suggest that you use IQ Options for small deposits and Libertex for deposits over 100 USD.
Both brokers are 100% stable, these They are fully regulated by international institutions,They have low rates and I have worked with them for more than 5 years
I apologize for recommending Etoro in the past.
When I started looking for a broker to trade en línea that was safe and reputable, i ran into eToro and IQ Option.
At the time, I had to compare them to escoge which broker to invest in.
That’s why I know how hard it cánido be make a decision when you just startespecially when you have no knowledge and your capital is limited.
“This material is not intended for viewers in EEA countries.
Binary options are not promoted or sold to EEA retail traders.
For 3 years I have been researching and testing these two brokers, and here in this articulo I am going to espectáculo you all the evidence of my research on eToro and IQ Option so you cánido choose the best investment platform for you.
Go for it!
What will you find in this article?
▶ How eToro works
▶ How IQ Option works
▶ How to open an account on eToro
▶ How to open an account on IQ Option
▶ What is the minimum deposit on eToro and on IQ Option?
▶ Demo account on eToro and on IQ Option
▶ Deposit and withdrawal methods
▶ Opinion on the eToro platform and IQ Option
▶ eToro and IQ Option Fees
▶ My experience with eToro and IQ Option
▶ eToro vs IQ Option: which is better?
How does it work eToro
eToro is the first platform of popular trading.
In other words, in addition to being an en línea broker where you perro invest, it is a community in which you perro connect with millions of traders to learn about the latest investment trends and even, copy operations of other users.
79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you cánido afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
In eToro you cánido start manual operations and at the same time copy the movements of other more experienced traders so you cánido increase your chances of making a profit by investing.
In addition, you cánido also stay in touch with the entire community thanks to the option to follow them and see what they articulocomment on their posts and establish a very profitable investor connection.
And thanks to its intuitive interfaz, you will be able to perform well, even if you don’t know what en línea trading is.
This is a big point in favor of eToro.
Perro use the eToro platform in two ways: the first in a conventional way, which is through manual operations, with your own experience and studying the markets where you are going to invest.
Or you perro use technology Copy Trader developed by eToro, so that its users cánido copy the movements of other investors automatically.
You simply choose the trader you want to copy, choose the amount that you will invest in copying their movements and confirm the operation.
To ensure that you choose the trader who truly knows his stuff, eToro allows you to filter by profit, asset, risk, etcétera..
So these are all factors that you need to evaluate. before deciding where to invest.
And the truth is that with all these possibilities, it becomes very easy to have good results with the investment you make.
Also It has a section with educational content where you perro learn from the most basic, if you are a beginner, to more advanced strategies.
How does it work IQ Option
IQ Option is another one of the best en línea brokers in the market.
And it is that thanks to its simplicity in the platform and a very complete educational system, it has millions of users around the world who want to trade.
Mostly this platform is used by new traders that they are going to invest with real money for the first time.
This is because of the low minimum deposit amount with which you perro start using IQ Option: With only $10 you perro start investing and even open trades for as little as $1!
The way of operating is very fácil, since they only deal with manual operations.
One of the best things about IQ Option the thing is has exclusive vídeo tutorials for its customers with which you cánido learn everything you need about investments.
Like eToro, IQ Option has a very intuitive interfaz that allows anyone to comfortably navigate through your page.
So even those traders who already have experience, prefer to invest here thanks to its simplicity.
And if you want to practice before investing with your real money, you have at your disposal a free demo account with a virtual $10,000.
Here you cánido use all the features of the platform without having to pay anything, except for withdrawals.
Another peculiarity of this broker is that their commissions are very lowbut this is a point I will talk about later.
79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you cánido afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
how to open one eToro account
1. Go to the eToro website
Registering with eToro is very fácil and It will not take you more than 5 minutes to create your account.
Also, registration is completely free.
You just have to go to their website and fill in the information they ask for.
“RISK WARNING: YOUR CAPITAL MAY BE AT RISK”
79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you perro afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
By entering its official website, you will see the button that says “Join now”. Simply clic on it and you will be redirected to the registration page.
2. Complete your registration data
Once you are in the registration form, you must complete the data what they ask you You will need to accept the terms and conditions to complete your registration.
On eToro, you will see that they have the option of Sign up with your Google plus or Fb accountso you don’t have to entrar your personal data manually and your registration will be completed in one clic.
Ready! You already have your account created in eToro and you perro start trading both with the demo account and with the real account whenever you want.
3. Access the investment platform
On eToro, you will be automatically taken to your trading platform.
Now you will have access to all the features that this broker offers you.
offers.
If you wish, you cánido directly deposit the minimum amount or you cánido use the $100,000 demo account to practice.
As you cánido see, the process was very easy and it doesn’t take more than 5 minutes.
Today you perro start practicing with your demo account or invest your own money.
how to open one account at IQ Option
1. Go to the IQ Option website
Signing up for IQ Option is also free and it will not take you 2 minutes to create your account.
To sign up for IQ Optionthe first thing you should do is entrar their website to start your registration process.
“RISK WARNING: YOUR CAPITAL MAY BE AT RISK”
You will immediately see on the right side of the main page a form to complete with your registration data.
If it doesn’t appear, you’ll see an orange button that says “Registration” at the top.
Clic on it and the registration form will appear.
2. Complete your registration data
Once you are in the registration form, you must complete the data what they ask you You will need to accept the terms and conditions to complete your registration.
In IQ Option you will see that you have the option of Sign up with your Google plus or Fb accountso you don’t have to entrar your personal data manually and your registration will be completed in one clic.
Ready! You will already have your account created in IQ Option and you cánido start trading with it.
3. Access the investment platform
On IQ Option, after confirming your registration details, you will be redirected to your profile where you cánido fill out all the plus information necessary to verify your account and be able to withdraw money.
If you do not want to fill in these details at the moment, you perro start trading in the trading room with your demo account that gives you a virtual $10,000 or make the minimum deposit to start investing with real money.
As you cánido see, the process was very easy and it doesn’t take more than 5 minutes.
Today you cánido start practicing with your demo account or invest your own money.
What is the minimum deposit on eToro and on IQ Option?
The minimum deposit of IQ Option is as low as $10while on eToro the minimum deposit is $200.
While it is true, most people look at the minimum deposit required to be able to operate with an en línea broker, but when it comes to eToro and IQ Option, it is not something that is truly decisive.
However, yes there is a big difference regarding the initial capital that is required on each platform.
IQ Option is in fact one of the brokers with the lowest minimum deposit amount, you only need $10 to start trading on this platform with all the features that the broker has.
On the other hand, eToro has a slightly higher minimum deposit. With $200 you cánido start to use the platform without restrictions.
There is something to keep in mind, the minimum amount to copy a usuario is also $200, so if you plan to invest in eToro by copying others, you will need to start with a larger capital if you want to have capital available to carry out additional operations.
If we take into account the benefits that eToro offers, this amount of $200 is not that high.
When investing in the financial market, you get a percentage of the amount invested in your successful trades.
The more money you invest, your benefits will be greater.
That is why the recommended minimum amount to start is $100 or $200.
With $10 you will start with minimal benefits, and as your capital grows, you will be able to get better benefits.
As I mentioned earlier, for many people this aspecto is decisive, especially those who still They don’t know how to get results. in this field and still want to try.
But you should know something, eToro is for more advanced traders or those who have more capital, while IQ Option is perfect for beginners They want to start making some money.
79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you cánido afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
demo account on eToro and on IQ Option
The practice account or demo account is a feature that makes traders choose one broker over another.
With it you perro experiment what it would be like to actually use the platform Where do you want to invest your money?
Cánido test all broker featuressuch as the way to carry out operations, the tools for the analysis of the graphs, or the customer service without risking your real money.
At the same time that you go learning to invest (if you are a beginner), improving your investment strategies or trying new methods.
The IQ Option demo account It is one of the best I have seen, it offers you a virtual $10,000 that is reloadable, that is, once you run out you perro request it again.
This practice account allows you to know absolutely EVERYTHING about your investment platform.
With real values and collection of spreads real, makes the experience of the demo account a preamble to your real account.
Since after using it, the most common thing is that you want invest to get results.
On the other hand, the eToro demo account it also offers very good features.
It grants you $100,000 that is not reloadable, but which is enough to carry out many operations without the need for you to lack money.
79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you cánido afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
You cánido use all the tools of its platform, even copy other traders.
You do not have any restrictions, except for the withdrawal of funds.
You even have the possibility of interact with other traders in real time in the news section, which works as a popular network.
This is a agregado that you will not find on another platform.
As you cánido see, both demo accounts are some of the best you will find.
And no matter which one you choose, you will be satisfied with the test and you will want to invest in both platforms for all the benefits that both brokers have for you.
Methods of deposit and withdrawal of money
One of the most important points when choosing an en línea trading broker is that its withdrawal and deposit methods accessible to you.
Fortunately, both eToro and IQ Option They have several payment and withdrawal methods. to make it easier for you to collect your benefits in a fácil way.
On eToro’s part, it’s a quick and easy process.
All you have to do is Go to “Deposit Funds”. Here what you should do is entrar the amount and the currency in which you want to deposit.
Then, choose payment method for which you want to deposit the money.
You have different means at your disposal such as Visa or Mastercard credit and debit cards, PayPal, Neteller, Skrill, bank transfer and other less conventional means such as WebMoney or GiroPay.
The money you request will be in your account between 3 to 5 business days after ordering it, depending on the payment method.
He minimum deposit amount is $200, up to $10,000 if your account is verified.
Otherwise, the maximum is $2,250.
Remember that if you are going to make a deposit in currencies other than US dollars, you must take charge of a commission for currency conversion.
Regarding withdrawals from eToro, you cánido withdraw through the same methods for which you make deposits.
For example, if you deposited $200 using your debit card, you must withdraw using your own card.
Otherwise it will not let you extract the money.
Then, to cover the deposit amount in withdrawals is that you cánido get the money by other means.
To do this you must make a withdrawal request with the method you used. it will take between 1 to 3 days to be approved, if you chose to use the withdrawal by card or bank transfer, it may take more days for the money to appear in your account, depending on the bank.
Usually, when you use an electronic wallet, the deposit and withdrawal (once the application is approved) is almost immediate.
Perro withdraw a minimum of $30 and your cómputo must be equipo to Available for you to do so.
Besides, You must have your account verified.
On the IQ Option side, the situation varies a bit.
This broker It has several withdrawal and payment methods for the convenience of the usuario, such as Visa or Mastercard, bank transfer, Skrill, Neteller, WebMoney and even you have the possibility to use Bitcoin as a deposit method.
The minimum amount of deposit for IQ Option it’s only $10, being one of the lowest in the entire broker market.
Best of all, they do NOT charge you a commission for depositing your money.
Now, to withdraw the money you have available, you must make a withdrawal request that it takes 1 day to confirm approximately.
After this and depending on the withdrawal method you have chosen, it will take between 1 to 4 business days to be credited to your account.
You should know that it is mandatory withdraw to the same channel through which you deposited money the first time, otherwise you will not be able to get your benefits.
This is a security measure on the part of IQ Option.
Once the amount of money withdrawn is equal to the amount of money deposited by the same means, you will be able to extract your profits by any other method of your preference.
Opinion on the platform from eToro and IQ Option
My opinion about IQ Option and eToro is quite satisfactory.
In all the time since I have been using them, they have given me, in addition to good returns, security and transparency always.
Both have platforms that are extremely understandable to anyone you want to entrar them.
And if you don’t know anything about investing en línea, both brokers have exclusive vídeo tutorials for its users so you perro learn everything you need to about trading.
Yeah you complement it with demo accountyou have everything you need to become a great trader.
Although the IQ Option help section is very helpful, I find that with eToro you perro learn from other more experienced traderswhich is very helpful on a day-to-day basis.
I have not had any problems with either of these two brokers, and when I had any questions with any function or tool on their platforms, wrote to their customer support who respond in a very short time and clearly.
IQ Option has a live chat that works at all times every day, as well as the contact telephone number.
They have different numbers for certain countries, so the call is not so expensive.
You perro also write to them by dirección de correo electrónico.
Personally, I recommend live chatsince their agents are quick in their responses.
With eToro you must open a ticket to be attended by their customer support vía correo electrónico, the service is just as efficient.
In the same way, both brokers have a very complete help section for any questions about the use of the account and platform.
While the minimum deposit amounts are very different from each other, $10 of IQ Option against $200 of eTorothe two brokers are specialized in what they do and are aimed at different types of people.
IQ Option is special for that casual or novice trader, who seeks to invest with low capital and high security in your transactions.
eToro is that broker for those who have more experience and capital to investsince it has a minimum deposit amount of $200 and has more advanced tools, such as the popular trading.
Here more study and care is required than manual operations.
However, in general, with these two brokers you cánido feel comfortable, safe and with more learning tools that with other platforms you would not have.
79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you perro afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
Commissions of eToro and IQ Option
Some platforms charge too much and for any action taken.
In this case, eToro and IQ Option are from those who charge less commission in the market.
And the few commissions they charge are very small.
In the case of eToro, you have 5 types of commissions.
The first is the commission for the night rate, this is a charge that is made to the usuario for keep trades open for a whole day, or for opening them at night.
It is also known as a maintenance fee of operations.
The charge is applied depending on the asset that you are going to operate or that you are operating, with the minimum being $1.23 per day.
If you initiate a position for Friday night, it will they will charge you 3 days of night rate since it counts the whole weekend.
The second commission deals with the currency conversion at the time of making the deposit in a currency other than the dollar.
Since eToro only works with dollars, they they charge you a small differential to make an exchange conversion.
With this they ensure that your investment is expressed in dollars.
Third, there is the withdrawal fee.
The platform charges a fixed fee for each withdrawal you do, with the minimum withdrawal amount being $30.
I know that it may seem that the commission is very large, but think about this: withdrawing $50 may affect the commission, but when you withdraw $1,000, you won’t feel that charge.
In fourth place is the inactivity feethis charge occurs when usuario accounts have not been used for a specific time.
For accounts that have money in their cómputo, the time to taking it as inactive is 12 monthswhile for those without money in the account, it is 4 months.
just enough that you plug in and make a couple of moves and operations for the idle condition to be terminated.
Now the amount of this commission is $10 per month.
And if you do not have money in your cómputo, the figure will be charged when you have an available cómputo.
There is also a charge that is made on all trades you make on eToro.
And it is a difference between the purchase value and the sale value of the asset that you are trading
This difference is measured in pipsand is present in all operations.
Normally when you open a trade, it starts at a loss because the brokers charge the spread immediately.
But eToro does this when you close the trade.
He spread varies depending on the situation of the financial asset, but what you have to pay will depend on the size of the operation.
For example, if you are going to trade the currency pair, EUR/USD whose buy price is 1.1581 and sell 1.1578 at the time of writing this article, the spread it would be 3 pips.
However, at invest in bitcoin or other cryptocurrencies, the spread cánido be much higher due to the volatility of these assets.
79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you cánido afford to take the high risk of losing your money.
It is important to read and understand the risks of this investment which are explained in detail at this backlink.
AFSL 491139.
Risk capital.
See PDS and TMD.
On the other hand, the commissions acting on IQ Option they are a bit afín to those on eToro.
There is a withdrawal fee, but only when a withdrawal is made vía bank transferwhich is $31.
The first monthly withdrawal in IQ Option is totally free, from the second monthly withdrawal an amount of 2% is charged on the withdrawal amount, with the minimum being 1 dollar and 30 dollars the maximum in commissions.
There is also the inactivity chargefor this they need to pass 90 continuous days without you having entered your IQ Option account.
For each month that passes after those 90 days, they will charge you $10 or the equivalent in any other currency.
There is a commission for night hours, in which 0.07% of your investment is charged for each operation that is carried out at night, or that lasts 24 active hours.
If you make a trade on Friday, you are charged triple for weekend compensation.
Something you have to know is that this broker charges a special commission of 2.9% to each operation carried out in cryptocurrencies.
This value will be determined based on the amount you have invested in the operation.
Finally, as in most brokers, there is the collection of spread, It works similarly to eToro, the difference is that IQ Option does charge you at the start of the trade.
These are all the commissions that you must take into account so as not to be surprised when operating with any of these brokers and calculating your net benefits.
My experience with eToro and IQ Option
My experience with eToro and IQ Option It has been and continues to be one of the best that I cánido detalla with any en línea trading broker.
In fact, with these two great platforms it was that I learned everything I know today about investing in the financial market, and the truth is that from time to time I review your educational material to remember a few things.
I have been investing from home for more than three years now, and the truth is that I have done wonderfully.
I originally started with IQ Option, since the little capital needed to invest was what immediately attracted me.
Over time and through testing on the demo account, I was able to quickly get used to the platform. I adapted in a single day and already knew where to find each of the different assets they have available, as well as the tools and indicators to improve financial analysis.
It made me get good percentages in a short timealthough in the first week with $30 invested I only earned $28, I improved until get to double my investment in the next 15 days.
And that which operated with much caution to avoid as much loss as possible.
I withdrew my first $30 by credit card, which is how I made my first deposit, and continued to trade with the money I won.
In the same way, he made eventual deposits.
I never had a problem with the platform to use the customer service system, except for once, and it was not about the system, but about a delay in a withdrawal that I had requested.
They responded very quickly in less than 24 hoursand they told me that the bank I worked with was still inspecting the origin of the money, but that in a few hours I would have it in my account.
And so it was, two hours later I already had the money on my card of credit.
On the other hand, when I got more experience, I started working in parallel with eToro.
The theme of the popular trading.
I wanted to know what she was and how could i get results with that.
So I registered using the demo account for a few weeks and when I made up my mind, I used some of the money I had on IQ Option to deposit on eToro.
For my surprise, it was a very interactive platform, with totally different colors than the IQ Option platform.
And I was also able to get used to it very quickly thanks to the fact that all the necessary options are at hand in a panel on the left of the screen.
I immediately noticed that manual operations They were afín in all en línea trading brokers, so I decided to go find what I was curious about.
I found the section popular trading quickly in the “People” menu, I read how to do operations in this way and began to investigate.
First I searched for the traders who were most well known and with better stats then i followed them i saw their comments and performance graph on their investor profile.
This is when I decided to copy 2 users.
I stopped entering the platform for a few days and after 4 days I find that had benefits, and all this automatically! With eToro I invested $500 and $400 to copy two traders, since the minimum copy amount is $200.
I was very excited so I started interacting with other users from the community to comment on news or advantages in some assets and thus improve your operations.
The withdrawal of my benefits was what surprised me, since the withdrawal came only in two days to my PayPal account.
While it is true, unlike IQ Option, eToro does charge a commissionbut it does not represent much with the benefits you cánido get with the popular trading.
I remember that I used the platform’s live chat a few times to guide me through the educational material, and they were able to reply me immediately and as accurate as they could, with backlinks included.
I cánido say that the experience with these two greats has been excellent, and I recommend without a doubt use both platforms.
Always read all the conditions and educational material that they offer you for free, since there are important points here that many ignore and that you (as a responsible investor) should know.
eToro vs.
IQ Option: which is better?
It’s hard for me to tell you which of these two brokers is better than the other, since both offer very good services for their users and they always try to give us facilities to have good results investing in the financial market.
Both platforms are very intuitive and easy to navigate, you will not have any problems when you visit and register, much less when you start using them regularly.
However, what I cánido do is Recommend one depending on your experience with en línea trading.
IQ Option is perfect for those who are new in en línea trading.
It does not ask for a lot of capital to invest and that is a very positive thing, since usually when you are starting out you do not want to invest a lot because you do not know how it will turn out.
It has a section free vídeo tutorialswhich will help you understand everything you need about the transactions you are going to carry out.
Your withdrawals take a couple of days depending on the method you use, it perro take up to 6 days so you cánido see your money in the bank account.
It does not charge many commissions so your benefits are not affected as much.
you cánido even make minimum operations of $1, something that you cannot do in many brokers, so it is something that you should take advantage of.
On the other hand, if you already have experience, you want to try something different from traditional brokers, eToro is for you.
Although you cánido carry out manual operations in this broker, the most representative thing is the fact that you perro copy the movements of other traders automatically.
With this practice you will be able to vea other more experienced ones and create new strategies to improve your results, you perro also mezcle manual operations with popular trading and maximize your benefits.
Here are more graphics to know and trend indicators that you have not seen on other platforms, so eToro will teach you a lot.
Although the minimum deposit of $200 is a bit high, you perro recover and double your investment in no time if you make the right decisions.
I did it, so you perro too.
Regarding withdrawals, they are fast and they charge a commission for this reason, so the more money you earn, the less you will feel this charge in your pocket.
The eToro Education Program is just as good as IQ Option, and even broader because it adds everything you cánido do with the popular trading.
Also, if you are good at trading, you have the possibility of join the program Top Investors so that you earn a commission for other users who copy your movements by investing their capital in you.
And you, which of these two brokers do you like the most? Leave me your comments below!
DISCLAIMER
eToro is a multi-asset platform that offers investing in stocks and crypto assets, as well as trading CFDs.
Please note that CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage.
79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you perro afford to take the high risk of losing your money.
Past performance is not an indication of future results.
The business history presented is less than 5 full years and may not be sufficient as a basis for the investment decision.
Copy trading is a portfolio management service provided by eToro (Europe) Ltd., which is authorized and regulated by the Cyprus Securities and Exchange Commission.
Investments in crypto assets are not regulated.
They may not be suitable for retail investors and the entire amount invested may be lost.
It is important to read and understand the risks of this investment, which are explained in detail at this backlink.
eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139.
OTC derivatives are speculative and leveraged.
Not suitable for all investors.
Equity at risk.
See PDS and TMD
“General Risk Warning: The financial products offered by the Company carry a high level of risk and may result in the loss of all your funds.
You should never invest money that you cannot afford to lose.
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Eric
I am passionate about Internet business and digital marketing.
I have learned a lot through practice, and I share my experiences to espectáculo that anything you want to achieve is possible.
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