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BinaryChooser

IQ Option alternatives

Other platforms open to residents of Nepal, and the situations where each one fits better.

IQ Option logo

IQ Option · 4.0/5 · Lowest deposit $10 · Read the review

Why traders leave IQ Option

  • Options for Asian clients come from an unregulated offshore company
  • On the alert lists of Singapore's MAS and India's RBI; sanction case in Brazil
  • Dormant account fee after 90 days
  • Fewer crypto deposit options than rivals
  1. Pocket Option logo

    1. Pocket OptionOur pick

    4.1/5

    When it fits better

    Pick it for a USD 5 entry point and copy trading built into the platform.

    Lowest deposit
    $5 vs $10
    Top payout
    92% vs 95%
    Good for
    Very small first deposits and copying other traders
    In Nepal
    Accepts residents
    Compare in full with IQ Option
    Pocket Option trading screen
    The trading screen: asset, timer, stake and the payout shown before you trade (+67% on BNB OTC here).

    Pocket Option and IQ Option by the numbers

    —Pocket OptionIQ Option (what you use now)
    Lowest deposit$5$10
    Lowest trade$1$1
    Top payout92%95%
    Win rate to break even52.1%51.3%
    Smallest withdrawal$10$2
    Practice balance$50,000$10,000
    What you can trade100+300+
    Trade durations3 seconds – 4 hours60 seconds – 1 month
    Pay-out speedTypically 1–3 working days; crypto often quicker (user reports)Up to 3 working days, often less
    BinaryChooser score4.1/54.0/5

    What Pocket Option adds

    • Costs and minimums: 4.8 vs 4.2
    • Copy trading
    • Demo with no sign-up
    • More ways to pay: Crypto

    What you lose

    • Desktop app
    • iPhone app
    • More to trade: ETFs
    • Markets where IQ Option accepts you and Pocket Option doesn't: 1

    What we think of Pocket Option

    Where it accepts you, Pocket Option is the easiest place to begin: small minimums, a tidy platform and useful copy trading. The price is weak oversight and public warnings, so deposit little and try a withdrawal early.

    Not for you if: You want a regulator behind your money, or contests make you trade too much

    More Pocket Option screenshots

    Pocket Option home page
    Pocket Option's home page with the sign-up form and the free demo link.
    Pocket Option copy trading
    Copy trading: one trader's public stats and the 24-hour leaderboard, with names and IDs blurred.
  2. Exnova logo

    2. Exnova

    3.5/5

    When it fits better

    Pick it for shares and ETFs on a well-built platform from USD 10.

    Lowest deposit
    $10 vs $10
    Top payout
    90% vs 95%
    Good for
    A full-featured platform on a small budget
    In Nepal
    Accepts residents
    Compare in full with IQ Option
    Exnova platform
    Exnova's platform with a 5-second Blitz trade on an OTC asset, 82% payout and Higher/Lower buttons.

    Exnova and IQ Option by the numbers

    —ExnovaIQ Option (what you use now)
    Lowest deposit$10$10
    Lowest trade$1$1
    Top payout90%95%
    Win rate to break even52.6%51.3%
    Smallest withdrawal$10$2
    Practice balance$10,000$10,000
    What you can trade250+300+
    Trade durations1 minute – 1 hour (fixed-time); free choice on digitals60 seconds – 1 month
    Pay-out speed1–3 working days per the platform; complaints of delaysUp to 3 working days, often less
    BinaryChooser score3.5/54.0/5

    What Exnova adds

    • More ways to pay: Crypto

    What you lose

    • Platform and apps: 4.2 vs 4.8
    • Payment options: 3.8 vs 4.4
    • Support: 3.6 vs 4.2
    • Licensing and openness: 2.0 vs 2.6

    What we think of Exnova

    Exnova offers a modern, cheap platform with many instruments. No public licence, a short history and withdrawal complaints keep it behind the established names.

    Not for you if: You need a licensed firm or an outside complaints route

    More Exnova screenshots

    Exnova home page
    Exnova's home page with the USD 10 minimum and free demo.
    Exnova awards
    Awards shown by Exnova: they come from trade magazines and are not a licence.