Getting the most appropriate binary option trading srevice for your business is hard with various features, options, and terms to choose from. However, depending on our review platform will allow you to streamline the selection process by showing all crucial brokers in a single place.
As an illustration, you can compare BinaryBook and Quotex for their tools and overall scores, namely, 7.9 and 8.0, respectively. Furthermore, you can check which broker has higher general user satisfaction rating: 50% (BinaryBook) and 97% (Quotex) to learn which one is the better choice. Don’t simply start using the solution with the lowest minimum deposit, but the one that has the most cost-effective value.
If you would like to quickly find the top Binary Options Brokers according to our review team we advise you try out these solutions: IQ Option, Nadex, GTOptions.
Micro Account ($250 to $$500): Ideal for newbies. Welcome bonus is 20%. You also get access to BinaryBook Academy.
Basic Account ($501 to $2500): For intermediate level traders. Welcome bonus is up to 50%. You get 1 risk-free trade and a personal account manager.
Gold Account ($2501 to $10,000): For experienced traders who wish to trade in high volume. Welcome bonus is up to 75%. You get 2 risk-free trades and up to two hours of trading sessions with an expert. You get 5 risk-free trades and from 5 to 10h of sessions with a trading expert.
Platinum Account ($10,001 to $50,000): This one is also for experienced traders who wish to trade in high volume. Welcome bonus is up to 10%.
VIP Account (Above $50,000): Offers personalized services to traders. Contact the broker directly to learn more about what the package inclues.
BinaryBook also provides an Islamic Trading account that is fully compliant with the Sharia law.
Also, it has a “double-up” feature where you can place a new trade similar to the position of your initial trade but at the new current price point. It has the same cost to enter with the same expiry time as your initial trade but it’s under the current price.
Payout ratios vary for every asset of its type. For instance, payouts for different currency pairs in forex can vary from 36% to 88%. Moreover, payout percentages can also differ depending on the length of the trade contract. More often, the payouts of five-minute trades and up are higher than those in a shorter timeframe. Payout percentages are pinned on every trading asset with an unmistakable dark orange color.
Quotex members have essentially two types of trading accounts under one name. One is for demo trades and the other one is for live trading. You can access them both in a single session. This allows traders to simulate actions in current conditions before jumping in with live trades. Like other binary options platforms, registration is free and so is the demo account. Once new users get the hang of binary trading on the Quotex platform, they can deposit funds for live trading. Also, users can deposit and withdraw funds via bank transfers, epayment solutions, and even cryptocurrency, including Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, and Coinbase. Also, it supports Visa/Mastercard transactions.
Demo Account
Registration: Free
Virtual Currency: $10,000
Transaction Information
Minimum Deposit: $10
Minimum Dollar Withdrawal: $10
Minimum Bitcoin Withdrawal: $50
Withdrawal Time: 1-5 working days
No Transaction Fees (third-party solutions may do)
Quotex works hard to make payments on the same day the withdrawal transaction has been made. Also, depending on the value of transactions, verification may be required. Most of the time, however, no extra verification is needed. Lastly, there is no indication of a minimum maintenance balance.
Payouts Percentage
Variable
Withdrawal Options
Credit Card, Debit Card, Bank Wire Transfer
Assets
Forex, Metals, Oil, Gold, Indices, Commodities
Available Support
email
phone
live support
training
tickets
General Info
Provides users with a hassle-free binary trading options platform that is not only easy to use but also has advanced technical analysis solutions including customizable trend indicators and charts.
The apps examined on this page are only a sliver of our entire Binary Options Brokers category and you should keep in mind that there could be better alternatives available. If you would like to make sure you make the wisest choice for your company we definitely suggest that you compare more software first. You can also consider to check out our top 10 Binary Options Brokers list to find out which solutions are in the current year the highest-rated ones and leaders in the market.
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