Quick verdict
IQ Broker comes out ahead with a score of 3.9/5, against 3.5/5 for Exnova.
Exnova is best for: Traders who want a capable platform with a small budget
Avoid Exnova if: You need a licensed broker or an external complaint route
IQ Broker is best for: Traders who want leveraged CFDs on a polished platform
Avoid IQ Broker if: You want fixed-time options or are new to leverage
Scores side by side
Exnova 3.5/5
- Platform & apps4.2
- Costs & minimums4.0
- Payments3.8
- Support3.6
- Regulation & transparency2.0
IQ Broker 3.9/5
- Platform & apps4.4
- Costs & minimums3.8
- Payments4.4
- Support4.2
- Regulation & transparency3.0
First look: the two websites
About Exnova and IQ Broker
Exnova (2021). Exnova launched in 2021 and offers fixed-time (binary) options, digital options and leveraged CFDs on one platform. Its interface looks and works much like the larger established platforms: one chart, an amount, an expiry and up or down, with more advanced tools one click away.
IQ Broker. IQ Broker is a newer brand from the group behind IQ Option and the Quadcode platform. It offers leveraged forex and CFD trading, not fixed-time binary options: you open a position, and your profit or loss depends on how far the price moves, multiplied by the leverage.
Regulation and safetyWinner: IQ Broker
Neither Exnova nor IQ Broker is authorised by a top-tier regulator such as the FCA, CySEC or ASIC. Both operate through offshore companies, so there is no compensation scheme and no regulator in your country to complain to.
Official warnings and alert-list entries in our sources: Exnova 0, IQ Broker 0.
| Feature | Exnova | IQ Broker |
|---|---|---|
| Regulation | No. Its operator, Digital Smart LLC, is registered in St Vincent and the Grenadines; the Cyprus company only handles payments. | The group holds a CySEC licence (247/14) through IQ Option Europe Ltd and an Australian licence (AFSL 327075) through Quadcode AU. |
| Regulator warnings on record | – | – |
| Dispute body | No external dispute body | No external dispute body |
On transparency and safety we score IQ Broker higher (3.0 vs 2.0).
Minimum deposit and feesWinner: Exnova
Both brokers ask for the same minimum deposit: $10. The smallest trade is $1 at Exnova and $1 at IQ Broker.
| Feature | Exnova | IQ Broker |
|---|---|---|
| Minimum deposit | $10 | $10 |
| Minimum trade | $1 | $1 |
| Fees | First withdrawal each month free, then 2% (max. USD 30); inactivity fee | Spreads and overnight fees; first withdrawal free, then reported 2% |
| Withdrawal fees | First withdrawal each month free, then 2% (max. USD 30) | First withdrawal free, then reported 2% |
| Inactivity fee | Charged after 90 days without activity | Not stated in the sources we reviewed |
| Bonus | No standard deposit bonus; tournaments with small entry fees | No standard deposit bonus in our sources |
Payouts and the win rate you needDraw
IQ Broker does not offer fixed-time options, so there is no payout percentage to compare. The other broker's payout and break-even win rate are shown below.
| Feature | Exnova | IQ Broker |
|---|---|---|
| Max. payout | 90% | – |
| Break-even win rate | 52.6% | – |
| Note | Up to about 90% on fixed-time options; varies by asset and time of day | Not applicable: CFD profit depends on price movement and leverage |
Advertised maximums apply to selected assets at the best times. Check the payout shown on the trade ticket before you open a trade; it is often lower.
Platform and mobile appWinner: IQ Broker
Exnova. Proprietary web platform with a desktop app, several chart types, indicators and drawing tools. It is one of the more capable interfaces in this ranking and runs smoothly even on modest hardware.
IQ Broker. The proprietary Traderoom platform runs in the browser and as a desktop app, with multi-chart layouts, 100+ indicators, stop-loss and take-profit orders, and simple or advanced margin modes.
| Feature | Exnova | IQ Broker |
|---|---|---|
| Platform | Web, Desktop app, Android, iOS | Web, Desktop app, Android, iOS |
| Android | Yes | Yes |
| iPhone | Yes | Yes |
| Extras | Lowest minimum, Own platform, Advanced charts, Desktop app, Tournaments | Own platform, Advanced charts, Desktop app |
Assets and expiry times
| Feature | Exnova | IQ Broker |
|---|---|---|
| Number of assets | 250+ | 500+ |
| Markets | Forex, Crypto, Commodities, Stocks, Indices, ETFs | Forex, Stocks, Indices, Commodities, Crypto, ETFs |
| Expiry times | 1 minute – 1 hour (fixed time); custom on digital options | No expiry: CFD positions stay open until you close them |
Deposits and withdrawalsWinner: IQ Broker
Exnova. Withdrawals require completed identity verification and usually take 1–3 business days. User reviews include repeated complaints about delayed or blocked withdrawals, so start with a small amount and test a withdrawal before you deposit more.
IQ Broker. Withdrawals return to your deposit method after verification. The first withdrawal is free; later ones are reported to cost 2%.
| Feature | Exnova | IQ Broker |
|---|---|---|
| Deposit methods | Bank cards, E-wallets, Crypto, Local methods | Bank cards, E-wallets, Crypto, Local methods |
| Withdrawal methods | Bank cards, E-wallets, Crypto, Local methods | Bank cards, E-wallets, Crypto, Local methods |
| Minimum withdrawal | $10 | – |
| Withdrawal time | 1–3 business days per the broker; user complaints report delays | Depends on the method; processed after verification |
Demo accountDraw
Both brokers offer a free demo account, so you can compare the two platforms with virtual money before you deposit.
| Feature | Exnova | IQ Broker |
|---|---|---|
| Demo balance | $10,000 | $10,000 |
| Try without registering | – | – |
Customer supportWinner: IQ Broker
| Feature | Exnova | IQ Broker |
|---|---|---|
| Support channels | Live chat, Email, Help centre | Live chat, Email, Help centre |
| Support | 3.6/5 | 4.2/5 |
Where you can use themDraw
Exnova accepts clients in 165 of the countries we cover, IQ Broker in 165.
Pros and cons
Exnova
- +USD 10 minimum deposit and trades from USD 1
- +Polished platform on web, desktop, Android and iOS
- +Free USD 10,000 demo account
- +More than 250 assets, including stocks and ETFs
- −No licence from a government regulator
- −Short track record: launched in 2021
- −Recurring user complaints about delayed or blocked withdrawals
- −Withdrawal fee after the first free withdrawal each month
IQ Broker
- +Polished web, desktop and mobile platform from the IQ Option group
- +500+ CFDs on forex, stocks, indices, commodities, crypto and ETFs
- +USD 10 minimum deposit and a free USD 10,000 demo
- +24/7 live chat and many payment methods
- −Not a binary options broker: leveraged CFDs carry different and often larger risks
- −Leverage up to 1:3000 is offered outside CySEC and ASIC protection
- −The entity for clients outside the EU and Australia is not named in our sources
- −Second and later withdrawals are reported to cost 2%
Verdict: Exnova or IQ Broker?
IQ Broker wins 4 of 6 categories in this comparison. IQ Broker comes out ahead with a score of 3.9/5, against 3.5/5 for Exnova.
Our pick: IQ Broker
IQ Broker is best for: Traders who want leveraged CFDs on a polished platform
Whichever you choose, start with the demo, keep your first deposit small and test a withdrawal before you add more. Binary options are high-risk and most retail traders lose money.
Frequently asked questions
Which is better, Exnova or IQ Broker?
On our score IQ Broker is ahead (3.9/5 vs 3.5/5). IQ Broker is best for: Traders who want leveraged CFDs on a polished platform. Exnova is best for: Traders who want a capable platform with a small budget.
Which has the lower minimum deposit, Exnova or IQ Broker?
Both brokers ask for the same minimum deposit: $10.
Which pays more, Exnova or IQ Broker?
IQ Broker does not offer fixed-time options, so there is no payout percentage to compare. The other broker's payout and break-even win rate are shown below.
Are Exnova and IQ Broker regulated?
Neither holds a licence from a top-tier regulator such as the FCA, CySEC or ASIC. Both operate through offshore companies, so your money has limited protection.
