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Comparison OptionBit vs. IQ Option

Selecting the best binary option trading srevice for your company is not that easy with so many functions, options, and offers to consider. On the other hand, using our review directory will make it possible for you to streamline the selection process by reading all key providers in one place. As an illustration, you can match IQ Option and OptionBit for their functions and overall scores, in this case, 8.5 and 8.0, respectively. Likewise, you can check which broker has higher general user satisfaction rating: 99% (IQ Option) and 100% (OptionBit) to find out which one is better. Don’t simply pick the solution with the most attractive minimum deposit, but the platform that offers the best value for your money.

Comparison

OptionBit

VS

IQ Option

VS

Total Score

Our Score

8.0 ?

Our Score

8.5 ?

Client Satisfaction

Client Satisfaction

100% ?

Client Satisfaction

99% ?

Minimum Deposit

$200

$10

Accepts US Clients

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Detailed Review

Description

OptionBit’s trading platform offers a wide range of useful resources and tools. It is user friendly and provides a “My Trades” box that indicates open trades.

OptionBit offers a range of advanced trading tools for a successful trading experience. All tools are available when trading currency digital trades only. You will be able to activate and use the trading tools starting five minutes after entering the trade and until 10 minutes before expiry. The trading tools offered are ‘Close’, ‘Extend’, and ‘Auto Trade’.

This broker also offers mobile apps compatible with Android and iOS platforms to enable trading on the go.

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.

Phone

0044 (0) 203 150 0934 74956680633

Payouts Percentage

81%

92%

Trade Types

OptionBit offers the following trade types: one touch, autotrader, and classic. The broker’s Tradologic trading platform includes the following trading types: regular above/below binary options, touch trading and range, as well as “extend” and “close now” features. Option types offered on the website are digital, one touch, touch/no touch, range, and turbo.

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

Assets

Oil, Gold, Indices, Stocks, Commodities Oil, Gold, Indices, Stocks, Commodities

Trading Accounts

OptionBit offers four types of trading accounts:

Mini Account

  • Minimum deposit is $200
  • Welcome bonus up to 30%, loyalty bonus up to 30%
  • eBook on binary options trading and trading with OptionBit
  • Personal trading analyst
  • Free trading alerts
  • Daily market review
  • Account manager
  • Training materials like financial charts and webinars
  • One free monthly withdrawal

Standard Account

  • Minimum deposit is $1000
  • Welcome bonus up to 50%, loyalty bonus up to 100%
  • All features of Mini Account, plus:
  • Soft copies of digital lessons
  • Market reviews twice daily
  • One on one trading sessions up to 5 times every day

VIP Account

  • Minimum deposit is $10,000
  • Welcome bonus up to 75%, loyalty bonus up to 100%
  • All features of Standard Account, plus:
  • Two free withdrawals per month
  • Unlimited one on one trading sessions
  • Market expert to handle your account personally

Diamond Account

  • Minimum deposit is $50,000+
  • Contact the broker for information

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

Withdrawal Options:

Webmoney, Credit Card, Bank Wire Transfer Webmoney
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Email

support@optionbit.com support@iqoption.com

Customer Service

EMAIL PHONE NO.
LIVE SUPPORT TRAINING
Customer Support Languages: English, Spanish, German, French, Russian, Italian
Customer Service Hours: OptionBit provides 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

Payout ratios

OptionBit allows you to earn a payout of up to 400% on your investment.

Returns can go as high as 92%.

Platform

Platform type: Tradologic
Platform Languages: English, Spanish, German, French, Russian, Japanese, Italian, Turkish, Arabic
OS Compatibility: Mac OS, iOS, Windows, Android
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: Yes
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

Located In

Cyprus Cyprus

Place Trades Over Phone

No
No

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

Deposit Options

Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Moneybookers Webmoney, PayPal, Credit Card, Bank Wire Transfer, Skrill, Neteller
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If you continue having second thoughts about which service will work best in your case it may be a sound idea to analyze each service’s social metrics. These metrics are usually an indicator of how popular a given service is and how wide is its online presence. For example IQ Option Twitter account has currently 0 followers. At the same time OptionBit Twitter is followed by 0 people.