Brokers comparison: IQ Option vs Libertex
Trading in Spain is becoming more accessible thanks to online brokers, they offer the possibility of obtaining a return (ROI) according to the strategy and the level of investment. They have also developed excellent online trading platforms, users can have intuitive software that facilitates analysis and predictions. The following comparison offers all the information about Opção IQ and Libertex, 2 of the best brokers worldwide.
Year of foundation
|Binary options, digital options, CFDs on Forex, stocks, cryptocurrencies, commodities and ETFs.||
Forex, Cryptocurrencies, Metals, Indices, Stocks, Oil and Gas, Agriculture, ETF
Do they have Binary Options?
|Account currencies||USD, EUR, GBP, ZAR||
|IQ Option is a leading Crypto broker. They offer multipliers, and a huge range of crypto markets.||
Libertex provides trading on the largest number of crypto currencies with zero spread.
|BTC, TRX, XRP, BCH, ETH, EOS, OMG, ETC, QTUM, ZEC, LTC, DASH||
More than 50, but with a bad percentage.
What is IQ Option
The broker company was founded in 2013 in Cyprus and has won numerous awards in seven years. For example, in 2015 the broker was recognized as the best in Europe in the binary options market, in 2016 – the company’s application was recognized as the best in the category among mobile applications, experts several times called IQ Option the most reliable broker.
The platform provides access to:
- The Forex market;
- ETF funds;
Experienced traders mark the company as a broker who is interested in the success of clients and does everything necessary for this:
- Teaches beginners;
- Does not delay payments;
- Built a fast platform with good order execution speed;
- Offers five types of assets for trading (stocks, options, cryptocurrencies, commodities, indices);
- Technical support works around the clock, answering users’ questions in online chat or by phone.
Traders choose to work with IQ Option, as the broker is constantly improving the working conditions
- number of underlying assets – 78;
- own trading platform;
- mobile applications for Android and iOS;
- options for raising, lowering, superfast turbo options are serviced.
The broker provides loans to traders, due to which you can increase income using the Forex multiplier option. It works like this: if you open a $ 100 trade with a tenfold multiplier, you can get income as if you invested $ 1000. Thus, you can trade with minimal investment, and increase capital using borrowed funds. But the risks also increase in this case.
Since 2018, you can use an increased multiplier (twenty times) for trading contracts for difference (CFD).
During times of high asset volatility, a multiplier strategy can generate good returns. You can invest funds that significantly exceed your deposit. For example, you open a $ 500 trade using a multiplier. If you are lucky, you get a profit equal to the investment multiplied by the multiplier. In our example, $ 1,000. If the trade does not close in your favor, you only lose your invested $ 500.
What is Libertex
It is an Internet trading application that facilitates investing with more than 200 financial assets, Libertex (formerly known as Forex Club) has a vast experience in the sector. This service has facilitated the access of thousands of users around the world and currently offers an advanced multiplatform service. It has also created new investment alternatives that are adapted to the needs of the user.
The application allows trading with the most important financial markets on the planet, users have access to:
- More than 120 shares (of large transnational companies);
- 51 currency pairs.
It also offers:
- 20 crypto assets;
- Raw materials;
- Even exchange-traded investment funds.
Although it does not have a wide variety of assets (valued by professional investors), it offers an amount suitable for new investors with a basic knowledge level.
Brokers comparison: IQ Option vs Libertex trading
Opção IQ trading platform: It is considered by users as one of the best brokers in Europe. It offers:
- Self-designed software;
- An excellent educational system;
- Operating conditions that suit all traders (beginners and professionals).
Free IQ Option registration:
- Enter the official website and choose the option “Register”, then complete the form with your email address and password;
- IQ Option sends the registration notification to the email, you will have to confirm to finish the process (operates with a virtual fund);
- You can use the platform from your demo account (with virtual money, there are no real gains or losses) or start trading from your real account (minimum deposit of 10 euros).
Registration in Libertex:
- From the Libertex website register your account with email and password;
- Once your data is registered, you can learn about the platform from the demo account
- (operates with a virtual fund);
- When you decide, you can open a position from the real account, you must make a minimum deposit of 100 euros (through available means of payment).
Each broker establishes particular terms and conditions for the operation, they are elements to highlight in the comparison and can facilitate the selection:
IQ Option offers up to 95% ROI on successful trades, a good indicator for any trader. In addition, users can start operations with 10 euros (one of the lowest minimum deposits in the market), as well as open a position with only 1 euro. The platform also allows leverage of up to 1: 1000 in Forex trading.
The Libertex Forex Club (as it was known in its beginnings), requires a minimum deposit of 100 euros to start trading operations (250 euros to open a position). In addition, there is no margin in Libertex, they only apply a commission that is around 0.03% (in Libertex App the commission varies according to the asset to be traded, while the MT4 platform does include margin). Leverage is limited, 1:30 for general retail clients and 1: 600 for professional clients (authorized by the broker).
Account types: IQ Option demo vs Libertex demo account
IQ Option demo account
You can have a virtual amount of $ 10,000 to carry out practice operations (unlimited), an excellent opportunity to learn about all the functions of this platform (graphical tools, indicators that facilitate analysis and widgets). It also allows you to switch to the real account when the user decides.
IQ Option offers 3 alternatives:
- From the official website, you can log in and use the software online.
- Downloading the application to your computer (available for MAC and Windows), is the most recommended option to access tutorial videos, news, trend analysis, online chat (24/7 technical support) and the forum (you can share experiences with other traders ).
- Download application on mobile (available for iOS and Android).
Libertex demo account
This account offers a virtual balance of $ 50,000, is of unlimited use and the amount can be rechargeable. It also allows access to all graphical tools and indicators, as well as tutorial videos, online chat and news of the day.
In addition, Libertex offers 3 status levels in the real account (depending on the amount of the deposit and only available on the Libertex platform, it does not apply on MT4):
Deposits and withdrawals
Opção IQ accepts a minimum deposit of only 10 euros to start trading, facilitating access for beginner traders who have limited capital. It also offers a variety of payment methods to streamline the withdrawal and deposit process, from electronic wallets to credit and debit cards (with immediate transaction for deposits).
Withdrawals must use the same means of payment enabled for the deposit, with a minimum amount of 2 euros and a maximum rate of 2% (up to 30 euros), while the withdrawal time may change depending on the payment method.
The Libertex broker requires a minimum deposit of 100 euros to start operations, it offers payment methods that can change according to each country, in Spain you can have the most common such as bank transfers, as well as credit and debit cards. The withdrawal process takes place on business days, with a time of up to 5 business days, but it also depends on the payment method (for example, bank transfers take between 3 to 5 business days). It is also necessary to use the same means of payment enabled for the deposit, the withdrawal fee changes depending on the method.
Online trading tournaments
Most of the world-renowned brokers offer trading tournaments, it is an excellent opportunity for new strategies and obtain prizes with minimal investment. In addition, they can be free (virtual money is used) and at a cost of up to 20 euros.
On the IQ Option platform you can access tournaments up to 3 times a week, some have a minimum cost of 4 euros (tournaments with great prizes have a cost of 20 euros). In addition, there are free tournaments that are considered as part of the training, the traders share experiences and different strategies. The most experienced entered paid tournaments, offering up to $ 50,000 in prizes.
Forex club does not organize trading tournaments, traders who are in training can only experiment from the Libertex demo account. Although it also offers a learning option, they do not have the option to share strategies or experiences with other traders.
Opinions IQ Option vs Libertex
IQ Option opinions
It has achieved sustained growth since its inception, it is widely accepted worldwide for being an accessible broker with an intuitive platform. With millions of users worldwide, it is considered one of the best brokers in the world of trading. It has also achieved significant international recognition, such as the Century International Quality Gold ERA Award (for quality and excellence in providing customer satisfaction).
It is undoubtedly one of the brokers with the longest experience, with a web platform that facilitates operations and offers a variety of financial instruments for trading. However, it is not very accessible for novice users, the minimum deposit can be restrictive, and training is limited.
Opção IQ is undoubtedly one of the best online trading applications on the market, it offers a robust, accessible and easy-to-use platform. In addition, it allows the trading portfolio to be varied through different financial markets and under competitive conditions.
Inexperienced investors can get a demo account and initial training, while professional investors get interesting conditions on advanced platforms and these people can easily work with cryptocurrencies, since the IQ Option is the leader in this theme.
Frequently asked questions
Here you can read some of the most common questions that can be found all over the web.
All referring to questions from clients or people interested in starting with these brokers.
Why should I use IQ Option and not another broker?
There are several reasons why you should choose IQ Option over other brokers.
For us, IQ Option’s biggest selling point is its vast experience and incredible reputation.
We also like that the people behind IQ Option are constantly working to further develop the platform, and they always make sure that their service is leading the way in the industry.
Also, Iq Option is fully regulated and they have one of the most interesting cryptocurrency selections on the market. Open an account with IQ Option and take advantage of their experience.
In which countries can I use Libertex?
Libertex is available in almost 30 countries around the world.
It claims to have clients from 110 different countries.
The broker’s main focus is on the European market, but they are also available in other parts of the world.
How do I contact IQ Option
To contact IQ Option, you have to visit their designated support page. Visit the official IQ Option website.
On this page, you will find an extensive list of frequently asked questions where a large number of questions about the different Libertex and IQ Option services are answered.
If you cannot find the answer to your questions there, you can contact the agent:
- Via live chat;
- Using the contact form and phone number.
We have been in contact with IQ Option via live chat and received detailed responses within minutes each time.
It is no wonder to us that Opção IQ customer service has been recognized with so many awards over the years.