Process of trading includes not only work, but lifestyle, kind of community, where participants sometimes compete each other, share wins and experience, and even support each other in case of fails. According to different reasons, user can take decision to change broker and start partnership with others.
Respective decision is able to influence other brokers, but experienced ones will prefer perform research before accepting any changes. Obviously, professional traders will not leave broker, who serviced well for some “new guy” untried one and without any references and reasons to trust.
Such changes can be performed mostly in favor of experienced and legal platform with lots of reviews and users. Newcomers also prefer to start trading with global partners in order to minimize risks of funds loses.
But, who are those giants and how select the right one?
IQ Option and 24Option were compared in order to identify main aspects considered during selection.
Results are listed below.
Assets to invest in
24Option offers fifty types of assets, including main types, that are not limited to: Options, CFD, Cryptocurrency exchange, Forex, stocks.
Area for attentiveness comes down to operate with several the most interesting/volatile ones and continue to operate with them without attention distraction and risks to miss some important event, that can cause funds losing.
IQ Option offers a little bit less – just forty, but anyway it is more than enough to satisfy users desire to try new objects for trading.
Support for new members
24Option has developed a manual, FAQ section and short videos. The serious weakness comes down to complicated interface and manner of presentation. Quite possible, that it will be required to read both couple of time before everything will become clear.
IQ Option developed impressive couching system and further support comprised from: FAQ, Manual, Videos with presentation of main tools and so on.
Such clips are not only share main life hacks, but make useful presentation of platform’s tools and explain how to find them and use.
Except of materials for studying, 24Option offers section containing overview of international news.
In a same time, IQ Options proposes such interesting and important tools/indicators as Bollinger Bands, Alligator, Moving Averages and so on.
24Option works according to working hours in Europe. When working day ended, assets also become unavailable to deal with.
IQ Option doesn’t have time limitations, except weekends, when the only asset available for dealing is crypto currency.
Operations with personal funds
One of the largest amounts among traders – $250 as a minimal contribution should be deposited to balance in order to start partnership with 24Option. Entering a deal is possible with not less, than twenty-four dollars.
IQ Option allows users start trading from $10 put in deposit. The lowest amount of funds invested to the deal is one dollar.
No fee and commissions are held by both brokers at this stage.
Both companies cooperate with banking cards, Skrill, Wire Transfer, that will cause commissions held.
Additionally, IQ Option expanded list of payment systems to Neteller, Webmoney, CardPay, Yandex.Money, Qiwi, Cubits and others.
Both systems allow earned funds withdrawals by the same way, that was used to replenish balance without limitations.
Talking regarding speed of requests processing: 24Option will take up to five days, while IQ Option takes not more, than one day.
There are no any proposed bonuses in case of cooperation with both brokers, neither welcome one, no others.
Competitions are proposed by IQ Option only on a regular basis, including weekly, monthly, quarterly and so on.
The main purpose is not only to enjoy Tournaments, but won prize represented in real money.
Important rule for trader selection, except criteria described above, is existence of necessary licenses and certifications, that define broker as reliable and trust worthy.
Design, functionality, usability and amount of assets represented by platform are subjective matters, that vary with dependence of liking.