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Product IQ Option vs. BigOption

Getting the right binary option trading srevice for your company is hard with so many features, choices, and terms to take note of. But, using our review directory will allow you to cut down the selection steps by reading all major services in one location. As an illustration, you can contrast IQ Option and BigOption for their functions and overall scores, in this case, 8.5 and 8.0, respectively. Furthermore, you can see which service has higher general user satisfaction rating: 99% (IQ Option) and 89% (BigOption) to learn which solution is the better option. Don’t just choose the solution with the lowest minimum deposit, but the service that has the best value for your money.

Product

IQ Option

VS

BigOption

VS

Total Score

Our Score

8.5 ?

Our Score

8.0 ?

Client Experience

Client Experience

99% ?

Client Experience

89% ?

Minimum Deposit

$10

$250

Accepts US Clients

Yes
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Complete Review

Description

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.

BigOption adopts the state-of-the-art version of the SpotOption powered trading platform. That new generation platform is straightforward to work with and provides versatile trading features such as the “Profollow” mode which lets traders to set their trading parameters to emulate the strategies of successful traders. This useful feature is supported exclusively by the SpotOption powered trading platform.

BigOption also provides support for mobile trading. Traders can download the mobile app from Apple AppStore or Google Play. Another feature of BigOption is the Auto Trading robot which uses the Faunus Analytics technology and helps traders save time during trading.

Deposit Options

Webmoney, PayPal, Credit Card, Bank Wire Transfer, Skrill, Neteller Credit Card, Debit Card, Bank Wire Transfer, Neteller

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

Place Trades Over Phone

No
No

Email

support@iqoption.com support@bigoption.com

Payouts Percentage

92%

500%

Comission

No
No
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Located In

Cyprus United Kingdom

Platform

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
Platform type: SpotOption
Platform Languages: English, French, Turkish, Arabic
OS Compatibility: Mac OS, iOS, Windows
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: No

Assets

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

Phone

74956680633 +44-203-5193481

Trading Accounts

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

BigOption offers five different types of trading accounts to suit different categories of traders:

Micro Account:

  • For novice traders with 20% welcome bonus. 
  • Starting deposit is $200-$250
  • Access to Daily Market Reviews
  • Access to BigOption Academy

Basic Account:

  • For more experienced traders with welcome bonus up to 50%.
  • Starting deposit is $501-$2500
  • Access to Daily Market Reviews
  • Access to BigOption Academy
  • 10 Risk Free Trades
  • Personal Account Manager

Gold Account:

  • For semi-professional traders who trade with sophisticated tools.
  • The welcome bonus is up to 75%.
  • Starting deposit is $2501-$10000
  • Exclusive Daily Market Review Email
  • Advanced Guide to Trading
  • 15 Risk-Free Trades
  • Up to 75% Welcome Bonus
  • Personal Account Manager
  • Gold Trading Signals up to 2 weeks (worth $199)
  • Additional bonuses on every deposit
  • Weekly One-on-One session with a trading expert
  • Auto Trading Robot

Platinum Account:

  • For professional traders with high trading volume.
  • Welcome bonus is 100%.
  • Starting deposit is $10001-$50000
  • Exclusive Daily Market Review Email
  • Advanced Guide to Trading
  • 20 Risk-Free Trades
  • Up to 100% Investment Bonus
  • Personal Account Manager
  • Platinum Trading Signals up to 2 months (worth $599)
  • Additional bonuses on every deposit
  • Daily One-on-One session with a trading expert
  • Advanced Auto Trading Robot

VIP Account:

  • For traders with specific trading needs. They can negotiate benefits with the account manager.
  • Starting deposit has to be above $50000

Trade Types

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

BigOption offers five types of trading contracts:

  • Classic Binaries: The most popular type where traders decide if prices will end up higher or lower than a predetermined strike level
  • Speed Options: Traders can select expiry times ranging from 30 seconds to 300 seconds
  • Long Term Options: Long options have longer expiry times of up to a year
  • One Touch Options: Trader has to decide if prices will reach a predetermined level before its expiration
  • Pairs Trading: Traders can pit two assets of the same asset class and see which does better or worse.

Payout ratios

Returns can go as high as 92%.

BigOption offers generous payout ratios of up to 85% for normal trading. If trades close out of the money, traders are still entitled to a 10% rebate. For higher returns, traders can use the one touch options trades which offer payouts up to 500%.

Customer Service

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
EMAIL PHONE NO.
LIVE SUPPORT
Customer Support Languages: English, French, Arabic
Customer Service Hours: BigOption offers a full 24h/7 customer support
Place Trades Over the Phone?: No

Withdrawal Options:

Webmoney Credit Card, Bank Wire Transfer, Neteller
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In case you continue having second thoughts about which service will perform best in your case it might be a good idea to analyze each service’s social metrics. Such metrics are usually a way to see how popular each software is and how wide is its online presence.For example, if you look at IQ Option LinkedIn account you’ll find out that they are followed by 0 people. In case of BigOption the volume of followers on their LinkedIn page is 0.