Freedom24 vs IQ Option
Freedom24 scores higher overall (4.3 vs 4.1), but the better choice depends on where you live and how you trade. 25 countries can open an account with both.
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Side by side
| Freedom24 | IQ Option | |
|---|---|---|
| Overall score | 4.3 / 5 | 4.1 / 5 |
| Founded | 2008 | 2013 |
| Listing | Parent Freedom Holding Corp. on Nasdaq (FRHC) | Private |
| CFDs | No | Yes |
| Minimum deposit | €0 | $10 |
| Platforms | Freedom24 web platform, Freedom24 mobile app | IQ Option web platform, Desktop app, Mobile app |
| Main regulators | CySEC (licence 275/15) | CySEC (licence 247/14), Offshore entity |
| Countries accepted | 31 of 197 | 163 of 197 |
| Best for | European investors who want real shares, options and IPOs instead of CFDs | Beginners who want a very simple app and a small first deposit |
Category by category
| Category | Freedom24 | IQ Option |
|---|---|---|
| Regulation & safety | 4.5 | 3.6 |
| Trading costs | 4.1 | 4.2 |
| Platforms & tools | 4.2 | 4.6 |
| Range of markets | 4.6 | 4.0 |
| Ease of use | 4.3 | 4.9 |
Availability
Both brokers accept residents of 25 countries. Only Freedom24 is available in 6, and only IQ Option in 138. Check your country before comparing anything else: the best broker is one that will open an account for you.
Our verdict
Choose Freedom24 if you are looking for european investors who want real shares, options and IPOs instead of CFDs. Choose IQ Option if you are looking for beginners who want a very simple app and a small first deposit.
Note that Freedom24 does not offer CFDs, so this is a comparison between leveraged trading and investing in real assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.