MENU
GET LISTED
GET LISTED
SHOW ALLPOPULAR CATEGORIES

Compare First Binary Option Service vs. IQ Option

Choosing the most appropriate binary option trading srevice for your business is difficult with a lot of features, choices, and terms to take note of. However, relying on our website will allow you to simplify the selection steps by getting all major services in one place. As an illustration, you can contrast First Binary Option Service and IQ Option for their functions and overall scores, in this case, 7.0 and 8.5, respectively. Furthermore, you can see which provider has higher general user satisfaction rating: 95% (First Binary Option Service) and 99% (IQ Option) to learn which solution is better. Don’t just pick the platform with the lowest minimum deposit, but the platform that gives the best value for your money.

Compare

First Binary Option Service

VS

IQ Option

VS

Our Score

Our Score

7.0 ?

Our Score

8.5 ?

Client Experience

Client Experience

95% ?

Client Experience

99% ?

Minimum Deposit

$5

$10

Accepts US Clients

Advertising

Detailed Review

Description

First Binary Option Service’s trading platform is just labeled differently from traditional trading platforms. But it is simple to use as all the main features are labeled clearly and you can easily select options from the provided drop-down list.

This broker offers a demo account to help traders become familiar with the trading platform before they invest their money. You can trade in about 50 instruments of various types including CFDs, indexes, futures, and currency pairs. The trading platform is web-based and you don’t have to download or install any software on your computer system. The company has been around since 2011 and offers support in English and Russian languages.

IQ Option’s trading platform differs from most generic platforms. Asset selection is done using a tab system placed on top of the price chart. A drop-down list placed on the right side of the tabs offers more assets.

There are action buttons for the option types (Call/Put) you want to buy. IQ Option offers predefined amounts such as $10, $20, etc. that you can choose. Alternatively, you can also key in the amount in the amount box. The personal cabinet section shows your banking transactions and trading history. It also hosts the customer support option. The trading platform also supports mobile trading with iOS and Android apps.

Withdrawal Options:

Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Western Union, CashU, Skrill Webmoney

Comission

No
No

Trading Accounts

Click on the “Real Account” button on firstbinaryoption.com to register and get started. The minimum deposit required is just $5. The website also offers a free demo account.

IQ Option offers a free demo account and two types of trading accounts:

Real: Minimum deposit is $10

  • Bonuses up to 80% on each deposit
  • Up to 45% return in case of a wrong prediction
  • Over 70 assets

VIP: Minimum deposit is $1000

  • Bonuses up to 100% on each deposit
  • Up to 60% return in case of a wrong prediction
  • Over 70 assets

Customer Service

EMAIL
LIVE SUPPORT TRAINING
Customer Support Languages: English, Russian
Customer Service Hours: First Binary Option Service offers 24-hour customer support.
Place Trades Over the Phone?: No
EMAIL PHONE NO.
TICKETS
Customer Support Languages: English, Spanish, Russian
Customer Service Hours: IQ Option offers customer support from 9:00 AM to 11:00 PM
Place Trades Over the Phone?: No

Place Trades Over Phone

No
No

Deposit Options

Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Western Union, CashU, Skrill Webmoney, PayPal, Credit Card, Bank Wire Transfer, Skrill, Neteller
Advertising

Phone

No phone support 74956680633

Bonuses & Rewards

No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No
No Deposit Bonus: No
Bonus for First Deposit: No
Is the Bonus Based on the Volume of the Transaction?: No
Other Bonuses: No

Platform

Platform type: First Binary Option Platform
Platform Languages: English, Spanish, Russian, Arabic
OS Compatibility: Windows, Android
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: No
Platform type: In-house
Platform Languages: English, Spanish, Russian, Chinese, Arabic
OS Compatibility: Mac OS, Windows, Android
Streaming News Feed: No
Email Alerts: Yes
Mobile Alerts: Yes

Email

support@firstbinaryoption.com support@iqoption.com

Payouts Percentage

80%

92%

Located In

Cyprus Cyprus

Payout ratios

Average returns are around 80% and maximum returns can be as high as 765%. You can get a refund of up to 15% for losing trades.

Returns can go as high as 92%.

Assets

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities, etfs, CFDs Oil, Gold, Indices, Stocks, Commodities

Trade Types

First Binary Option offers six trade types:

  • High / Low
  • One Touch
  • No Touch
  • In Range
  • Out Range
  • 60 Seconds

You can choose between the classic High/Low binaries and the faster Turbo trade feature.

Advertising

Compare Alternatives

Compare with GOptions
Compare with HY Options
Compare with Magnum Options
Compare with Zone Options
Compare with PlusOption
Compare with CherryTrade
Compare with Ayrex
Compare with IQ Option
Compare with Tradorax
Compare with Finpari
Compare with BinaryTILT
Compare with Redwood Options
Compare with SuperOptions
Compare with Zone Options
Compare with HY Options
Compare with Beast Options
Compare with eXbino
Compare with Option FM
Compare with CherryTrade
Compare with uBinary

Page last modified

Almost as important as functionalities and user support responsiveness are pricing packages made available by First Binary Option Service and IQ Option. While pricing should not be a deciding factor it’s definitely an important thing to consider. You should count on a flexible pricing plan that can be matched with your business size and painlessly scaled up every time your company grows. Make sure you don’t choose packages that include additional tools that you won’t use and always try to contact with the vendor directly as enterprises can frequently count on more affordable prices. You should also give a chance to a free trial or demo of each software to spend at least some time on actual work with the system. It’s a helpful experience that doesn’t need you to spend any money and provides you with a practical overview of what it feels like to work with First Binary Option Service and IQ Option.