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Product First Binary Option Service vs. IQ Option

Selecting the right binary option trading srevice for your business is difficult with so many functions, options, and terms to choose from. But, depending on our website will make it possible for you to cut down the selection steps by showing all key brokers in a single place. For instance, you can compare IQ Option and First Binary Option Service for their functions and overall scores, in this case, 8.5 and 7.0, respectively. Furthermore, you can see which service has higher general user satisfaction rating: 99% (IQ Option) and 95% (First Binary Option Service) to find out which service is the better option. Don’t just pick the platform with the most attractive minimum deposit, but the one that offers the best value.

Product

First Binary Option Service

VS

IQ Option

VS

Score

Our Score

7.0 ?

Our Score

8.5 ?

Customer Experience

Customer Experience

95% ?

Customer Experience

99% ?

Minimum Deposit

$5

$10

Accepts US Clients

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Full 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.

Place Trades Over Phone

No
No

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.

Located In

Cyprus Cyprus

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

Comission

No
No
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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

Deposit Options

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

Phone

No phone support 74956680633

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

Payouts Percentage

80%

92%

Withdrawal Options:

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

Assets

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

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%.

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

Email

support@firstbinaryoption.com support@iqoption.com
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Software Comparison

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If you continue having second thoughts about which solution will be best in your case it may be a good idea to examine each service’s social metrics. Such metrics are quite often a sign of how popular each software is and how large is its online presence. For example, in case of Facebook IQ Option has 0 likes on their official profile while First Binary Option Service profile is liked by 0 users.