Selecting the most appropriate binary option trading srevice for your business is difficult with a lot of functions, choices, and terms to consider. On the other hand, relying on our review directory will help you to simplify the selection steps by displaying all major providers in one place.
As an illustration, you can compare GOptions and Quotex for their tools and overall scores, in this case, 8.5 and 8.0, respectively. Furthermore, you can check which broker has superior general user satisfaction rating: 100% (GOptions) and 97% (Quotex) to learn which solution is the better option. Don’t simply pick the platform with the most attractive minimum deposit, but the one that gives the most cost-effective value.
Our team put a lot of effort to review all popular Binary Options Brokers products available out there, but among all the ones we reviewed these three deserved our special attention: Nadex, GTOptions, IQ Option.
Access to weekly training webinars with Mike Roberts
Mini Account: $500 – $999
35% bonus
Option: 4 X $25 risk free trades
Receive daily analysis by email
Access to all education materials.
Access to the broker’s social pages and links to YouTube videos, and weekly training webinars with Mike Roberts.
Standard Account: $1,000 – $4,999
50% bonus
4 X $50 risk free trades
Access to start daily analysis, social links and videos, entrance to Skype with “general stone” contact, and senior agent support for an ongoing series of market calls and strategies.
Welcome bonus of 150%
Free resource bundle (Netdania chart link, Oanda news aggregate link for news).
Gold Account: $5,000 – $9,999
75% bonus
4 X $250 risk free trades
A 200% welcome bonus.
Additional private Skype room strategies entry, along with a 10% lifetime loss insurance and 5% extra payout on your favorite asset for standard binary up down.
VIP Account: $10k – $250k+
100% bonus
4 X $500 risk free trades
A 500% (depending on the deposit) welcome bonus.
Concierge Skype and management level support
Automatic signal integration along with higher custom payout packages for binary and turbo payouts
Additional benefits will be offered based on the final invested amount
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.
It may not always be enough to simply compare GOptions and Quotex against one another. While specific tools, pricing plans and user experience are all crucial and should be considered when making a final decision, you should also take a look at the recognition and awards merited by every product. Frequently a less dominant solution may turn out to be an excellent choice that was distinguished with SaaS awards such as our Experts’ Choice Award which reveals that despite lesser market popularity it’s a worthy contender to the software that dominate the market.
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FinancesOnline is available for free for all business professionals interested in an efficient way to find top-notch SaaS solutions. We are able to keep our service free of charge thanks to cooperation with some of the vendors, who are willing to pay us for traffic and sales opportunities provided by our website. Please note, that FinancesOnline lists all vendors, we’re not limited only to the ones that pay us, and all software providers have an equal opportunity to get featured in our rankings and comparisons, win awards, gather user reviews, all in our effort to give you reliable advice that will enable you to make well-informed purchase decisions.
