Selecting the right binary option trading srevice for your business is hard with too much features, options, and terms to choose from. But, using our website will help you to cut down the selection steps by showing all major providers in a single place.
As an illustration, you can contrast CherryTrade and Quotex for their features and overall scores, in this case, 8.1 and 8.0, respectively. Likewise, you can check which provider has better general user satisfaction rating: 100% (CherryTrade) and 97% (Quotex) to find out which one is the better choice. Don’t simply pick the service with the lowest minimum deposit, but the solution that offers the most cost-effective value.
We are aware that not all people have the time to scrutinize a wide range of different products, so we came up with a list of recommendations that you may find useful. Our top choices for the Binary Options Brokers category are: GTOptions, IQ Option, Nadex.
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.
You should note that even though both CherryTrade and Quotex may provide an excellent array of features each solution may be created for a different company size. If you are analyzing various solutions you may want to pay attention to a business size they are aimed at. Some elements might scale up efficiently for big enterprises but if you own a small or mid-sized company it’s usually better to refrain paying for customized functionalities that you may never have a chance to use.
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