IQ Option

IQ Option

4.8 out of 5 stars
OctaFX

OctaFX

4.8 out of 5 stars
IQ Option OctaFX

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IQ Option:

About

Explore and trade major, minor and exotic currency pairs with efficient spreads. Trade CFDs on stocks of leading companies and industry giants without actually owning them. Trade CFDs on popular digital currencies with leverage. Speculate on CFDs on hard or soft commodities like gold, silver, oils, and grains. Diversify your trading with CFDs on the exchange-traded funds, where multiple assets are gathered in one basket. Select from a list of CFDs on widely traded indices representing a particular market sector or national economy. A multichart layout, technical analysis, historical quotes and beyond. Everything you’re looking for in a platform — on the device of your choice. Get the most out of fundamental and technical analysis with our News Feed and Economic Calendars. More than 100 most widely-used technical indicators and widgets. Always stay up-to-date on what is happening in financial markets with our customizable price alerts.
OctaFX:

About

The decade of achievements, awards, and steady access to global financial markets for over four million traders. Create trading accounts, modify leverage, enable swap-free options, edit and restore passwords. Make deposits and withdrawals using the most popular payment options. View your detailed overall or account operation history, apply convenient filters to it and cancel your previous deposit. Start trading in a compatible trading platform app. View contest statistics and access your contest accounts. Activate bonuses and view statistics on active and completed bonuses. OctaFX Forex Broker ensures reliable Forex trading conditions to provide traders of all skill levels with an opportunity to earn more. OctaFX, one of the best Forex brokers on the market, for traders all round the world. OctaFX offers access to CFD trading, commodity trading and indices trading with award-winning Forex trading conditions.
IQ Option:

Platforms Supported

Windows Supported
Mac Supported
Linux Not Supported
Cloud Not Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Not Supported
OctaFX:

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Supported
iPad Supported
Android Supported
Chromebook Not Supported
IQ Option:

Audience

Traders searching for an online trading platform
OctaFX:

Audience

Users looking for a Forex broker solution to get access to CFD trading, commodity trading and indices trading
IQ Option:

Support

Phone Support Not Supported
24/7 Live Support Supported
Online Supported
OctaFX:

Support

Phone Support Not Supported
24/7 Live Support Supported
Online Supported
IQ Option:

API

Offers API Not Supported
OctaFX:

API

Offers API Not Supported
IQ Option:

Screenshots and Videos

OctaFX:

Screenshots and Videos

IQ Option:

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported
OctaFX:

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported
IQ Option:

Reviews/Ratings

Overall 4.8 / 5
ease 4.8 / 5
features 4.5 / 5
design 4.6 / 5
support 4.6 / 5
OctaFX:

Reviews/Ratings

Overall 4.8 / 5
ease 4.8 / 5
features 4.8 / 5
design 4.4 / 5
support 4.9 / 5
IQ Option:

Pros & Cons from Real Users

Pros

  • Strong side is the modes, you can do both margin and options. best to know about both of them, one of them can better fit the trading context than the other.
  • Recently discovered blitz assets had higher returns option on the like sp500/gold? Great combination and it had predictable price actions and patterns.
  • It was easy from the beginning, the whole platform. Not just options, and the profitability is high enough
  • Got support in my local language, it was weird feeling to answer in my own language, it as easy to contact to support and they was helpful
  • Analysis and alerts useful for avoid trading when some unexpected news kicks in

Cons

  • Not many weak sides, what I see is purely cosmetic. Like the charts and limited coloring modes.
  • There was a little video tutorial i mean advanced lesson on options trading. It would be great to see more tutorials.
  • same old color schemes here , more customization in your platform can be nice
  • Didnt notice any on them, i trading option was simple, literally two buttons it couldnt be simpler than that
  • There were commissions on withdrawals after i took first one
OctaFX:

Pros & Cons from Real Users

Pros

  • Octa doesn’t charge any swap fees for overnight positions which means I can hold trades for weeks, and even months without losing anything on trading-costs, except for paying spreads. As a swing-positional trader I think it’s a game-changer because I believe big profits always are made from mid-term trades, I mean instead of sweating every day and trying to catch 1-2% profits, it’s better focus on something bigger, just opening a trade and leaving it for days or weeks until the price will be grown or fallen by 10-15% and that’s it. You made profits without worrying about every tick.
  • It’s been a year since I’ve been using the AI chart feature on their proprietary platform. I dunno how Octa managed to come up with such a cool tool because I see how other brokers are still behind them and lose competition. The way it analyzes my charts is indeed effective, just a few clicks, and there you go, you get a whole picture about what’s going on there...
  • Honestly, it’s pretty uncommon to come across trading conditions like those offered by Octa. Plus, it’s a relief to know that the broker is trustworthy and doesn’t demand a hefty deposit just to access those tight fees. They provide just one trading account, and that is more than enough to fit any trading strategy imho.
  • First thing to report that I liked is for sure special trading plaform - OctaTrader. It has AI tools that is helpful for trading. AI pattern recognition tool is a great additon. The app itself is user friendly too.
  • Support services are really nice, they answer quick most of the time. I hadonly positive experiences with live chat. and their own platform is packed with different features.

Cons

  • The design of the Octa trade app felt a little bit overwhelming because I needed to open guidelines to understand where and what buttons I have to click to open a chart, positions, and how to put stop losses and take profits. I mean it took a while to adjust to the platform’s functionality.
  • Sometimes spreads might be wider than usual, and ofc nobody likes that, but I hope they will be able to provide tighter spreads on cryptocurrencies, regarding forex pairs, they’re fine.
  • What I didn’t like was the commodity asset variation. They only have gold and silver, but where is crude oil or copper as an example?
  • I think they should update their education section. :D
  • Still has a drawback and its not enough asset, I think they can do like 1000+ assets so people have a wider selection.
IQ Option:

Training

Documentation Not Supported
Webinars Supported
Live Online Not Supported
In Person Not Supported
OctaFX:

Training

Documentation Supported
Webinars Not Supported
Live Online Not Supported
In Person Supported
IQ Option:

Company Information

IQ Option
Founded: 2013
iqoption.com/en
OctaFX:

Company Information

OctaFX
Founded: 2012
St. Vincent and the Grenadines
www.octafx.com
IQ Option:

Alternatives

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OctaFX:

Alternatives

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IQ Option:
Binarycent

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Pocket Option

Pocket Option

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OctaFX:
IQ Option:
OctaFX:
IQ Option:

Categories

OctaFX:

Categories

Copy Trading Supported
Currency Exchange Supported
Forex Trading Supported
Social Trading Supported
IQ Option:

Integrations

Bitcoin Not Supported
Skrill Not Supported
OctaFX:

Integrations

Bitcoin Supported
Skrill Supported
IQ Option:
Claim IQ Option and update features and information
Claim IQ Option and update features and information
OctaFX:
Claim OctaFX and update features and information
Claim OctaFX and update features and information