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Comparison First Binary Option Service vs. Magnum Options

Getting the right binary option trading srevice for your organization is not that easy with so many features, options, and terms to consider. However, relying on our website will help you to streamline the selection steps by reading all crucial services in one place. For example, you can contrast Magnum Options and First Binary Option Service for their tools and overall scores, in this case, 8.0 and 7.0, respectively. Similarly, you can see which provider has superior general user satisfaction rating: 96% (Magnum Options) and 95% (First Binary Option Service) to find out which service is the better option. Don’t just choose the platform with the lowest minimum deposit, but the platform that has the best value.

Comparison

First Binary Option Service

VS

Magnum Options

VS

Total Score

Our Score

7.0 ?

Our Score

8.0 ?

Client Experience

Client Experience

95% ?

Client Experience

96% ?

Minimum Deposit

$5

$200

Accepts US Clients

Yes
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Complete 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.

Magnum Options is using the SpotOption trading platform, deemed as one of the most widespread trading platforms out there thanks to its ease of use and flexibility. It is so simple that even inexperienced users won’t find themselves having difficulties navigating and performing trade features and processes present at SpotOption.

Comission

No
No

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

Located In

Cyprus British Anguilla

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.

Magnum Options offers the folllowing trading accounts:

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

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

80%

85%

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Place Trades Over Phone

No
No

Phone

No phone support 1-855-217-4642

Deposit Options

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

Withdrawal Options:

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

Trade Types

First Binary Option offers six trade types:

  • High / Low
  • One Touch
  • No Touch
  • In Range
  • Out Range
  • 60 Seconds

Magnum Option offers the following trade types:

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

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.

75%

Assets

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

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

Email

support@firstbinaryoption.com support@magnumoptions.com
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In the event you continue having doubts about which service will work best for your business it may be a good idea to analyze each service’s social metrics. These metrics are frequently a way to see how popular each service is and how extensive is its online presence. For example, in case of Facebook Magnum Options has 580 likes on their official profile while First Binary Option Service profile is liked by 0 users.