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Compare IQ Option vs. OptionFair

Choosing the best binary option trading srevice for your business is hard with so many functions, options, and terms to take note of. But, using our website will allow you to streamline the selection process by showing all key services in one place. As an illustration, you can compare IQ Option and OptionFair for their functions and overall scores, in this case, 8.5 and 8.1, respectively. Likewise, you can compare which service has better general user satisfaction rating: 99% (IQ Option) and 71% (OptionFair) to find out which service is better. Don’t just choose the platform with the most attractive minimum deposit, but the solution that offers the best value for your money.

Compare

IQ Option

VS

OptionFair

VS

Total 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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Detailed 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 designed with an idea to offer the best interface and tools for binary options trading. The platform itself offers a wide range of financial instruments and assets. The team of TechFinancials has created a series of complex pricing algorithms, which allows them offer the tech able to power an unmatched 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.

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

Payouts Percentage

92%

85%

Place Trades Over Phone

No
No

Located In

Cyprus British Virgin Islands

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

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.

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Deposit Options

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

Withdrawal Options:

Webmoney Credit Card, Bank Wire Transfer, Western Union, Moneybookers

Comission

No
No

Email

support@iqoption.com customercare@optionfair.com

Phone

74956680633 0044 203 5190373

Assets

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

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

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 $/€/£

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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It may not always be sufficient to simply compare IQ Option and OptionFair against each other. Even though reliable functionalities, pricing plans and customer experience are all crucial and should be included when making a final choice, you should also check out the recognition and awards won by each solution. In many cases a less popular software may turn out to be an excellent choice that was a winner of many industry awards such as our Experts’ Choice Award which shows that in spite of lesser market presence it’s a worthy contender to the software that rule the market.