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Comparison First Binary Option Service vs. Option888

Choosing the right binary option trading srevice for your organization is complicated with so many functions, options, and terms to choose from. But, relying on our website will allow you to streamline the necessary steps by getting all key brokers in one place. For example, you can compare First Binary Option Service and Option888 for their functions and overall scores, namely, 7.0 and 7.5, respectively. Similarly, you can see which provider has higher general user satisfaction rating: 95% (First Binary Option Service) and 100% (Option888) to learn which one is the better choice. Don’t just choose the solution with the most attractive minimum deposit, but the platform that has the best value.

Comparison

First Binary Option Service

VS

Option888

VS

Score

Our Score

7.0 ?

Our Score

7.5 ?

Client Satisfaction

Client Satisfaction

95% ?

Client Satisfaction

100% ?

Minimum Deposit

$5

$250

Accepts US Clients

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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.

Option888’s makes use of the popular Tradalogic trading platform which has been adopted by many other brokers. News and prices are acquired live from Reuters, which means their relevance is assured. The platform is straightforward to use and requires no training, so even laymen can take to it without difficulty.

Phone

No phone support +441785472000

Payouts Percentage

80%

89%

Located In

Cyprus Malta

Assets

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

Place Trades Over Phone

No
No

Email

support@firstbinaryoption.com support@option888.com
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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.

Average returns are around 80% and can go up to a maximum of 89%.

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: Tradologic
Platform Languages: English, German, French, Swedish
OS Compatibility: iOS, Windows, Android
Streaming News Feed: No
Email Alerts: No
Mobile Alerts: No

Comission

No
No

Withdrawal Options:

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

Deposit Options

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

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

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.

Option888 offers only a standard account which requires a minimum deposit of $250. There is a 100% welcome bonus of up to 888EUR (or USD, GBP, SEK, DKK, NOK). You can fund and withdraw from your account using wire transfer, paysafecard, SOFORT, Skrill, MasterCard, Visa, and iDEAL.

Trade Types

First Binary Option offers six trade types:

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

Option888 provides options on forex, commodities, stocks and indices. You can trade using the following trading types:

Digital: The typical High/Low options. You determine if the asset will fall or rise in value.

Touch: You determine if the price of a given asset will reach (or touch) a specific value within a given time period.

Range: Also referred to as a boundary trade. You decide if the asset price will remain within two preset values?

Turbo: A type for really short term binary options. Expiry times provided by the vendor are 30 seconds, 45 seconds and 5 minutes for this type of trading.

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.
LIVE SUPPORT
Customer Support Languages: English, German, French, Swedish
Customer Service Hours: 24h
Place Trades Over the Phone?: No
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You shouldn’t count on just a wide range of functionalities and adjustable pricing plans from a reliable Binary Options Brokers. Almost as significant as main features is a quality customer support. You want to guarantee that in a situation where you have any questions about First Binary Option Service or Option888, or you run into a problem, or perhaps you’ll want to request a specific change or feature beneficial to your team you can rely on a responsive and helpful customer support. Check out if solutions such as phone support, tickets or live chat are offered. What is more, it’s a significant advantage if you are able to profit from individual training or at least an FAQ you can use.