Compare IQ Option vs. Magnum Options

Choosing the right binary option trading srevice for your company is difficult with a lot of features, choices, and offers to consider. However, using our website will help you to simplify the necessary steps by showing all crucial providers in one place. For instance, you can contrast IQ Option and Magnum Options for their features and overall scores, namely, 8.5 and 8.0, respectively. Similarly, you can see which provider has higher general user satisfaction rating: 99% (IQ Option) and 96% (Magnum Options) to determine which solution is the better option. Don’t simply choose the solution with the lowest minimum deposit, but the platform that offers the best value for your money.


IQ Option


Magnum Options



Our Score

8.5 ?

Our Score

8.0 ?

Client Satisfaction

Client Satisfaction

99% ?

Client Satisfaction

96% ?

Minimum Deposit



Accepts US Clients


Complete Review


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.

Magnum Options is using the SpotOption trading platform, which is one of the most popular trading platforms in the market because of its ease of use and flexibility. It is so easy that even novice traders won’t find themselves having problems browsing and performing trade functions and processes with SpotOption.

Trade Types

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

Magnum Option offers the following trade types:

  • Classic Binary Options
  • One Touch Options
  • Option Builder
  • 60 Second Options
  • Option Pro


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: Italian
OS Compatibility: iOS, Windows
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: No

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

Magnum Options offers the folllowing trading accounts:

  • Standard Account
  • Premium Account
  • Executive Account
  • Magnum Elite

Customer Service

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
Customer Support Languages: English, Italian
Customer Service Hours:
Place Trades Over the Phone?: No

Payouts Percentage




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


Payout ratios

Returns can go as high as 92%.




Deposit Options

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

Located In

Cyprus British Anguilla


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


74956680633 1-855-217-4642


Withdrawal Options:

Webmoney Credit Card, Debit Card

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In the event you are still having second thoughts about which service will perform best in your case it may be a sound idea to take a look at each service’s social metrics. These metrics are usually a way to see how popular every service is and how extensive is its online presence. For instance IQ Option Twitter profile has currently 0 followers. At the same time Magnum Options Twitter is followed by 169 people.