XM vs IQ Option
XM scores higher overall (4.6 vs 4.1), but the better choice depends on where you live and how you trade. 163 countries can open an account with both.
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Side by side
| XM | IQ Option | |
|---|---|---|
| Overall score | 4.6 / 5 | 4.1 / 5 |
| Founded | 2009 | 2013 |
| Listing | Private (Trading Point group) | Private |
| CFDs | Yes | Yes |
| Minimum deposit | $5 | $10 |
| Platforms | MetaTrader 4, MetaTrader 5, XM app | IQ Option web platform, Desktop app, Mobile app |
| Main regulators | CySEC, DFSA (Dubai), FSC (Belize) | CySEC (licence 247/14), Offshore entity |
| Countries accepted | 187 of 197 | 163 of 197 |
| Best for | MetaTrader users with small starting balances | Beginners who want a very simple app and a small first deposit |
Category by category
| Category | XM | IQ Option |
|---|---|---|
| Regulation & safety | 4.5 | 3.6 |
| Trading costs | 4.6 | 4.2 |
| Platforms & tools | 4.7 | 4.6 |
| Range of markets | 4.6 | 4.0 |
| Ease of use | 4.9 | 4.9 |
Availability
Both brokers accept residents of 163 countries. Only XM is available in 24, and only IQ Option in 0. Check your country before comparing anything else: the best broker is one that will open an account for you.
Our verdict
Choose XM if you are looking for metaTrader users with small starting balances. Choose IQ Option if you are looking for beginners who want a very simple app and a small first deposit.
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.