Plus500 vs IQ Option – Who is better for trading in 2024? (2024)

FAQs

Plus500 vs IQ Option – Who is better for trading in 2024? ›

Clearly, IQ Option is best suited for those focused on derivatives trading. A notable feature is the ability for financially savvy individuals to trade both options and CFDs. However, platforms like Plus500, XTB, and eToro provide a broader range of options.

Yes, Plus500 is a legitimate trading platform. It is publicly traded on the London Stock Exchange and is also regulated in multiple jurisdictions, including Australia, ensuring transparency for its users.

Almost all IQ Option traders engage in day trading but not all of them know that it is actually called that way. Day trading is an act of buying and selling financial instruments within the same day, usually multiple times. Applied correctly, these principles can help you improve your trading skills.

It is generally considered that the European and the American market sessions overlap from 13:00 to 17:00 GMT has the biggest effect on the Forex market. This is when there is more trading activity, leading to increased trading volume and potential trading opportunities on the Forex market.

Without regulations, a broker isn't trustworthy at all. The good news is that IQ Option is regulated. But the bad news is that they are regulated and licensed by CySEC. CySEC is a regulator based in Cyprus and therefore, this regulation isn't really trustworthy.

Average inactivity fee, no withdrawal fee

At some other brokers, you have to trade in order to not be charged an inactivity fee, logging in is not enough. Plus500 will charge a currency conversion fee of up to 0.7% for all trades on instruments denominated in a currency different from the currency of your account.

You cannot profit from the trades you make on a practice account. On a practice account, you receive virtual funds and make virtual trades. It is designed for training purposes only. To trade with real money, you need to deposit funds into a real account.

While it's possible to become a millionaire through day trading, it's not likely. Most traders end up losing money in the long run. A small number of traders, however, are able to consistently make money and achieve success.

High- IQ investors' aggregate stock purchases subsequently outperform low-IQ investors' purchases, particularly in the near future. This performance is not offset by larger transaction costs: the purchases and sales of high-IQ investors are executed at better prices and at better times than low-IQ investors' trades.

Which strategy is best for IQ Option? ›

Well, it really depends on how much time and effort you're willing to put in. Some people might be able to pick it up in a few weeks, while others might take months or even years to fully grasp the concepts. But, one thing that can definitely speed up the learning process is by learning from the right sources.

RSI + Bollinger Bands

If the price chart crosses the lower line of the Bollinger bands, while the RSI crosses the oversold level and moves upward, it may indicate a bullish trend. Once the candlesticks reach the top line of the Bollinger bands with the RSI at the overbought level, it might signal a bearish trend.

You can only withdraw to your bank card the total amount deposited from your bank card within the last 90 days. We send you the money within the same 3 days, but your bank needs some more time to complete the transaction (to be more precise, the cancellation of your payments to us).

Every IQ Option trader can get 1 free withdrawal per calendar month. This doesn't depend on the payment method you use. The minimum withdrawal at IQ Option starts from $2 or an equivalent in your account currency. If you want to withdraw less than $2, this is still possible, but you'll need to contact support first.

Plus500's subsidiaries are authorised and regulated in the jurisdictions in which they operate, and comply with all client money rules. Your deposits will be classified as client money, and afforded maximum protection in accordance with regulatory requirements.

A giant of the CFD industry, Plus500 has recently expanded into the United States to offer futures trading via its state-of-the-art platform on the web, desktop, and Android/iOS mobile devices. US clients can access futures contracts on forex, indices, commodities, bonds, and cryptocurrencies.

No worries - Plus500 is a reliable broker that lets you access your funds any time. There are several ways to withdraw your money, including bank transfers. In most cases, you can get your money back within 2 days. Plus500 charges $0 for basic withdrawals, but some methods may cost more.