MetaTrader vs IQ Option Comparison - Platform vs Broker. MetaTrader is a third party platform supported by a wide range of brokers, typically available as a desktop download, webtrader and mobile app. Its two current versions in general use are MT4 and MT5. MT5 is the successor to MT4 and has a number of enhancement on MT4. The Metatrader 4 platform is the most popular platform in the world of Forex Trading. However, it is expensive to adapt and maintain it for Binary Options brokers. Additionally, the MT4 is more appealing to experienced Binary Options traders, who are less likely to lose money. No, IQ Option does not use MetaTrader. Conclusion “IQ Option is a CySEC regulated broker offering to trade on more than 345+ tradable assets across Forex, Stocks, Commodities, Cryptocurrencies ... Can I use IQ Option with MT4? As we mentioned it is not possible to use MT4 with IQ Option. Like many brokers, IQ Option have gone down the route of developing their own platform rather than offering users a ready-made, third party solution like Metatrader 4. A. Make sure both MT2 and IQ are on Demo (or both on real). Conclusion. As MetaTrader is not active during the weekends, this solution allows us to take advantage of its charts for OTC trading. IQ Option remains our favorite broker, although a valid alternative will definitely be Pocket Option which allows for European trading.
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