IQ Option vs EmpireOption

IQ Option vs EmpireOption Review

IQ Option vs EmpireOption

Choosing the right broker is the key to success in the binary options trading industry. There are hundreds of brokers on the market and it is hard to distinguish which are the reliable ones and which are scams. Binary options trading is the fastest growing field of the online financial industry. Millions of people around the world trade binary options. The main reason for the rising popularity of binary options trading is the fact that it was never so easy to earn money online. Our task is to analyze different broker companies. In this article, we will compare two popular brokers – IQ Option and EmpireOption.

IQ Option vs EmpireOption | Key facts

These two broker companies have some similarities but they have a lot of differences too. IQ Option is a relatively new broker (it was founded in 2013), while EmpireOption was founded in 2010. Because of that we could say that EmpireOption has more experience in the industry. But that is not completely true. As seen in our IQ Option Review 2016, this broker was founded and developed by financial experts who have been in the online financial industry for years, it’s based in Nicosia, Cyprus and is a CySEC regulated broker. EmpireOption has its headquarters in Montevideo, Uruguay and it is regulated by Uruguay’s government. EmpireOption accepts US clients and IQ Option does not because of its regulated status.

IQ Option Deposit

IQ Option Deposit

IQ Option vs EmpireOption | Trading platform

EmpireOption uses a SpotOption platform like many other leading brokers. They made some modifications in a standard SpotOption platform appearance but it is still pretty much the same. On the other hand, IQ Option uses its own platform that offers all the standard trading features. We tested this platform deeply and we can say that this broker has done a great job: everything is simple and easy to find and there are no any delays or crashes. Even though SpotOption platforms offer good security and stability we feel that this broker’s platform offers more to its users, with ultimate reliability proven with our IQ Option Scam Inspection. Both brokers use secure encryption technologies so there is no fear of personal and financial data leaking.

IQ Option Trading Tools

IQ Option Trading Tools

IQ Option vs EmpireOption | Minimum deposits and demo

The most amazing thing about IQ Option is a fact that the minimum deposit is only $10 and minimum trade is $1. Most of other leading brokers including EmpireOption have higher minimum deposits. EmpireOption has a minimum deposit of $200. For this reason, we think that IQ Option is a better pick for novice traders, as it also offers a completely free demo account.

IQ Option vs EmpireOption | Overview

Both of these broker companies are reliable and have good offers for their users. But as we already said we think that IQ  Options is more suitable for new traders and people who dont want to risk a lot of their money. This broker offers everyone a chance to learn all about binary options trading without risking a dime!

READ FULL IQ OPTION REVIEW HEREYOU SHOULD KNOW THIS BEFORE YOU START TRADING!

Author's overall rating:
Author: Mark Watson
Updated:

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