Choosing the most appropriate binary option trading srevice for your business is difficult with a lot of features, choices, and offers to consider. But, relying on our review platform will help you to streamline the selection steps by displaying all major brokers in one location.
For instance, you can match Interactive Option and Quotex for their features and overall scores, namely, 6.0 and 8.0, respectively. Similarly, you can check which service has higher general user satisfaction rating: 95% (Interactive Option) and 97% (Quotex) to find out which solution is better. Don’t just start using the solution with the most attractive minimum deposit, but the platform that gives the best value.
We are aware that not all businesses have the time to test a wide range of various solutions, so we came up with a list of suggestions that you may find useful. Our top selections for the Binary Options Brokers category are: IQ Option, Nadex, GTOptions.
Interactive Option offers four types of trading accounts that vary depending on the starting deposit and the range of features included. The following accounts are available:
Blue Account: starting deposit of $500 – $2499
Up to 75% payout
50 tradable assets
Basic Training
Introductory webinar
eBook
Gold: starting deposit of $2500 – $9999
Up to 85% payout
70 tradable assets
Advanced Training
Personal account manager
Four free webinars
eBook
Platinum: starting deposit of $10,000 – $24,999
Up to 85% payout
100 tradable assets
Pro Training
Personal account manager
Weekly webinars
eBook
Free of charge withdrawal
VIP: starting deposit of $25,000 and more
All features of the account can be adjusted on demand
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 while both Interactive Option and Quotex may offer an outstanding range of features each software may be created for a different business size. If you are studying different apps you should focus on a business type they are meant for. Some functionalities might scale up with no problem for big enterprises but if you have a small or mid-sized business it’s frequently more sensible to refrain paying for customized features that you might never have a chance to use.
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