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Compare IQ Option vs. Magnum Options

Selecting the right binary option trading srevice for your company is not that easy with a lot of features, options, and terms to take note of. But, using our website will help you to cut down the selection steps by displaying all major services in a single location. As an illustration, you can compare Magnum Options and IQ Option for their features and overall scores, in this case, 8.0 and 8.5, respectively. Furthermore, you can see which provider has higher general user satisfaction rating: 96% (Magnum Options) and 99% (IQ Option) to determine which solution is the better choice. Don’t simply pick the service with the most attractive minimum deposit, but the service that gives the most cost-effective value.

Compare

IQ Option

VS

Magnum Options

VS

Total Score

Our Score

8.5 ?

Our Score

8.0 ?

Client Experience

Client Experience

99% ?

Client Experience

96% ?

Minimum Deposit

$10

$200

Accepts US Clients

Yes
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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.

Magnum Options is using the SpotOption trading platform, which is one of the most common trading platforms for binary options thanks to its ease of use and flexibility. It is so easy that even novice traders won’t find themselves having difficulties browsing and performing trade functions and processes with SpotOption.

Located In

Cyprus British Anguilla

Payout ratios

Returns can go as high as 92%.

75%

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

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
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Withdrawal Options:

Webmoney Credit Card, Debit Card

Phone

74956680633 1-855-217-4642

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

Comission

No
No

Place Trades Over Phone

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

Deposit Options

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

Email

support@iqoption.com support@magnumoptions.com

Assets

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

Payouts Percentage

92%

85%

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If you are still having doubts about which app will work best for your business it may be a sensible idea to take a look at each service’s social metrics. These metrics are frequently a sign of how popular a given software is and how large is its online presence. For example Magnum Options Twitter profile has currently 169 followers. At the same time IQ Option Twitter is followed by 0 users.