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Software IQ Option vs. OptionFair

Selecting the best binary option trading srevice for your company is not that easy with too much features, choices, and terms to check. On the other hand, relying on our website will allow you to simplify the selection steps by showing all major services in one location. For example, you can compare IQ Option and OptionFair for their functions and overall scores, in this case, 8.5 and 8.1, respectively. Similarly, you can compare which service has higher general user satisfaction rating: 99% (IQ Option) and 71% (OptionFair) to find out which solution is the better option. Don’t just start using the platform with the most attractive minimum deposit, but the one that has the best value.

Software

IQ Option

VS

OptionFair

VS

Score

Our Score

8.5 ?

Our Score

8.1 ?

Client Satisfaction

Client Satisfaction

99% ?

Client Satisfaction

71% ?

Minimum Deposit

$10

$200

Accepts US Clients

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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.

The trading platform supported by OptionFair is developed by OptionFair’s sister company called TechFinancials. The platform has been created with a goal to give the optimal interface and tools for binary options trading. The platform itself supports a broad set of financial instruments and assets. The team of TechFinancials has designed a set of advanced pricing algorithms, which lets them offer the technology that can power an impressive range of financial instruments. TradeFinancials platform is managed by experts in binary options trading who use their knowledge and experience to make sure you can invest and trade safely and effectively.

Phone

74956680633 0044 203 5190373

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

OptionFair offers five types of trading accounts:

Standard: Initial deposit is $250, up to 20% bonus

  • Additional profit is 0%
  • Binary Opitons eBook
  • Introductory financial expert session
  • 17 video tutorials
  • Minimum trade amount is 25 $/€/£

Silver: Initial deposit is $500, up to 40% bonus

  • Additional profit is 1%
  • Binary Opitons eBook
  • Daily Overview
  • 1 financial expert session per month
  • 31 video tutorials
  • Minimum trade amount 25 $/€/£

Gold: Initial deposit is $2,000, up to 60% bonus

  • Additional profit is 2%
  • Binary Opitons eBook
  • Daily Overview
  • 2 financial expert session per week
  • 44 video tutorials
  • Minimum trade amount 100 $/€/£

Platinum: Initial deposit is $15,000, up to 80% bonus

  • Additional profit is 4%
  • Binary Opitons eBook
  • Daily Overview
  • Unlimited financial expert sessions
  • 51 video tutorials
  • Minimum trade amount 200 $/€/£

VIP: Initial deposit is $50,000, up to 100% bonus

  • Additional profit is 6%
  • Binary Opitons eBook
  • Daily Overview
  • Unlimited financial expert sessions
  • Unlimited trading strategies
  • 51 video tutorials
  • Minimum trade amount 500 $/€/£

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

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, Spanish, French, Italian, Arabic
Customer Service Hours: OptionFair provides a full 24/7 customer service
Place Trades Over the Phone?: No

Comission

No
No

Trade Types

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

OptionFair offers the following trade types:

  • High / Low Instrument: It allows you to decide if the price of an asset will go up or down
  • One Touch Instrument: Here you can choose if the price of an asset will touch a specific target price.
  • Boundary: It lets you choose if a given asset price is going to stay withing a given price range.
  • Short Term: It supports quick 60 second, 2 minute or 5 minute trades available with the with the short term option.
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Payout ratios

Returns can go as high as 92%.

Returns can go as high as 85%. You can get a 10% to 15% refund for losing trades.

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: Tech Financials
Platform Languages: English, Spanish, German, French, Chinese, Italian, Turkish, Arabic, Swedish
OS Compatibility: iOS, Windows
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: No

Deposit Options

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

Located In

Cyprus British Virgin Islands

Payouts Percentage

92%

85%

Email

support@iqoption.com customercare@optionfair.com

Place Trades Over Phone

No
No

Assets

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

Withdrawal Options:

Webmoney Credit Card, Bank Wire Transfer, Western Union, Moneybookers
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It may not always be sufficient to just compare IQ Option and OptionFair against each other. While reliable tools, cost and customer experience are all important and should be included when making a final decision, you should also take a look at the recognition and awards won by every software. Frequently a less popular software may turn out to be an excellent choice that was a winner of many industry awards such as our Supreme Software Award which proves that despite limited market popularity it’s a worthy contender to the solutions that rule the market.