Nadex versus IQ Option

US binary options exchange Nadex, founded in 2004 and acquired in 2022 by Singapore-based from IG Markets, presents its proprietary trading platform and mobile app. Traders got access to binary options, call spreads, and knockouts, as Nadex grew into the most dominant binary options broker in the US under the leadership of IG Markets.

IQ Option originated in the now-defunct international binary options scene but transitioned to CFD trading. Nearly 50 million traders use IQ Option and request 20+ million monthly withdrawals based on its claims. Like Nadex, IQ Option traders get a proprietary web-based trading platform and user-friendly mobile app.

We have conducted an in-depth review of Nadex and IQ Option to determine which one presents the better overall choiceand which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsNadex (visit site)IQ Option (visit site)
Headquarter:USSt. Vincent and the Grenadines
Established :
Retail Loss Rate:
Minimum Deposit:
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$10 monthly after 12 months€10 monthly after 90 days
Deposit Fee:
Withdrawal Fee
Yes + Third-PartyThird-Party
Funding Methods:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
User-friendly mobile appLarge trading community
Unique Feature Two:
Fixed trading costsCopy-trading services
Broker Offers:


Algorithmic trading and research are unavailable at both brokers, who cater primarily to beginner traders, while IQ Option offers social trading.

Available Markets

Available MarketsNadexIQ Option
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
Maximum Pro Leverage:

While the asset selection at Nadex and IQ Option remains limited, the former provides trading choices and flexibility based on expiry times. The latter presents beginner traders with sufficient trading instruments and better cross-asset diversification. Nadex takes the lead as its asset selection caters to its core market better versus IQ Option.

Typical Spreads and Fees

Typical Spreads & FeesNadexIQ Option
Minimum Raw Spreads:
Not applicableNot applicable
Minimum Standard Spreads:
Undisclosed0.3 pips
Minimum Commission for Forex:
$1 per contractCommission-free
Commission for Equities:
Not applicableCommission-free
Commission Rebates:
Execution Type:
Market MakerMarket Maker

Trading costs at both brokers are competitive. While Nadex does not list spreads, the minimum tick value begins from $0.25 per spot Forex contract, $1.00 for knock-out options, and $1.00 for call spread contracts, plus $1.00 per contract. IQ Option offers commission-free spreads from 0.3 pips or $3.00 per 1.0 standard lot.

Security and Trust


Country of the RegulatorName of the RegulatorLicense Number
Commodity Futures Trading Commission & National Futures AssociationNFA Number 0340344

IQ Option

Country of the RegulatorName of the RegulatorLicense Number
St. Vincent and the Grenadines
Cyprus Securities and Exchange Commission247/14

Nadex and IQ Option segregate client deposits from corporate funds, and the latter offers negative balance protection. Nadex has a clean NFA regulatory record and exceptional corporate ownership. IQ Option caters to all non-EU traders from its unregulated but duly registered subsidiary out of St. Vincent and the Grenadines.

Nadex vs IQ Option – Verdict


User-friendly mobile appLimited deposit and withdrawal options
Educational content for beginner tradersLimited choice of trading instruments
Trustworthy reputation now under the corporate ownership of Crypto.comAlgorithmic trading unavailable
Low trading costs for an options broker

IQ Option

Large trading community approaching 50 million traders Limited asset selection
A user-friendly trading platform for manual tradersLimited deposit and withdrawal options
Low trading costs with commission-free spreads as low as 0.3 pipsNo algorithmic trading
Respectable choice of cryptocurrency CFDs

US-based binary options traders get an industry-leading provider in Nadex, providing low-cost trading instruments. The asset selection remains limited, but each asset has dozens of expiry times. IQ Option excels with its trader base, making it a leading social trading broker with low costs, but trails Nadex with its core product and services portfolio for its core trader base.

You might also be interested in reviewing the below broker comparisons:

Read full Nadex Review


Is Nadex legit?

Nadex is a legit broker, regulated by the CFTC, with a clean NFA track record and excellent corporate owners.

Can Nigerians trade with IQ Option?

IQ Option lists no restrictions on its subsidiary operating from St. Vincent and the Grenadines and accepts Nigerian traders.

Does IQ Option pay withdrawal requests?

IQ Option honors client withdrawal requests and receives 20+ million monthly, per its claim.

Is Nadex a good broker?

Nadex offers US-based binary options brokers with an industry-leading product and services portfolio. Traders also benefit from low trading costs, making Nadex an overall good binary options broker.

Does Nadex pay out?

Nadex executes all withdrawal requests within a reasonable timeframe, as evident by its clean NFA track record.

What is the minimum deposit for Nadex?

The minimum deposit at Nadex is $250, higher than many international competitors, but within a reasonable range, especially for US-based brokers.

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