Innovations define further success in any sphere, especially talking about online trading, that can be realized via sites, applications for tabs/smartphones, programs uploaded for Mac and Windows.
Competition growths and to stay in a list of top-partners, broker needs either offer unique services and tools, or provide convenient, simple and nice design, or implement new features, that allow to make job easier and faster.
The best scenario includes combination of variants described above or at least some of them. In such case, nowadays, quality of service provided are defined by significant amount of specifications such as, governmental permissions and regulations, reliability and reputability, easy usage, fast processing, diversity of offered tools and options and so on.
Those, who cannot catch a progress, become outsiders. Others provide similar services on similar terms. Anyway, difference exists and will be found between IQ Option and AnyOption brokers.
General information to be acknowledged with
AnyOption is a broker with experience over ten years, registered on Cyprus and approved by CySec, FCA and MiFID. Nevertheless, such licenses weren’t introduced via official site. Specialization – binary options. Platform successfully operated till 2015, while it was possible to make appropriate updates to satisfy marker demand. Since 2016 broker stopped to provide service for CIS.
IQ Option is a broker, that appeared in 2013 and conquered users by contemporary design, function and approaches for operating activity. It is used by 16 million users and approved by CIF, CySEC, MiFID, FSA.
Both companies are located at Cyprus.
Service to users
AnyOption significantly lagged behind of the main participant of the market. Nevertheless, there is AnyOption Academy with large amount of books and guidelines provided to users.
Unfortunately, no testing accounts and other benefits for new users are provided. Although, more of them have left the cooperation with this broker.
IQ Option provides all necessary materials regarding trading starting from terms and conditions, FAQ, tips for traders and video demonstration of opportunities given to users. Also, variety of analytical tools and explanation on how to apply them could be found in a section related to studying.
For example, Moving Average, Alligator, Bollinger Bands, etc. Additionally, user-friendly platform with its interface was developed with graphs showing trends and dynamics of assets by candles, lines.
A special advantage is providing of demonstration account with significant balance for practicing of skills obtained from tutorial lectures and video courses.
Options for accounts
No opportunity to improve personal account and get access to limited tools and benefits is offered by AnyOption broker.
Unlike platform described above, users of IQ Option service have opportunity to choose between demo, standard, VIP and Islamic accounts depending on needs and even religion.
Directions for financial activity
There are approximately 200 assets to be dealt via AnyOption broker. Although the main direction of such deals are options, the diversity of objects is huge.
IQ Option offers near 40 assets, but type of deal can be any of following: options related to different assets (as binary, as digital), CFD, operations with stocks and foreign currecies.
Balance management and financial activity
AnyOption has rather high thresholds for entering a deal ($20) and replenishment of balance (200$) comparing to main competitors. For example, IQ Option allows to have deals with investment of $1 and make replenishments starting from $10.
Maximum profitability to be reached on deal has also significant gap – 71% for AnyOption and 97% for IQ Option.
Funds withdrawal/replenishment can be done via supported by AnyOptions payable systems: banking cards and transfers, Skrill, WebMoney and others.
All of these are also supported by IQ Option, although variate of systems depends on location of trader.
There are no any bonuses provided by each of these brokers. But Tournaments held on IQ Option platform can be accepted as bonus for active and successful traders, because they allow to increase amount of funds on personal account by winning them.
Rather important to choose broker, who is willing to change and develop and demonstrates significant results in these processes.
Absence of updates and improvements can be a bad sign for users and mean decline in activities and possible problems with money withdrawal.
And vice versa in case of regular updates and implemented feature is a sign of focusing on traders needs and ability to comply with current market conditions.