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Comparison OptionTrade vs. BinaryBook

Getting the best binary option trading srevice for your company is complicated with various features, choices, and offers to check. On the other hand, relying on our website will make it possible for you to cut down the necessary steps by displaying all major providers in a single place. For instance, you can match OptionTrade and BinaryBook for their features and overall scores, in this case, 8.4 and 7.9, respectively. Similarly, you can see which provider has superior general user satisfaction rating: 100% (OptionTrade) and 50% (BinaryBook) to learn which service is better. Don’t simply choose the solution with the most attractive minimum deposit, but the service that gives the most cost-effective value.

Comparison

OptionTrade

VS

BinaryBook

VS

Our Score

Our Score

8.4 ?

Our Score

7.9 ?

Client Satisfaction

Client Satisfaction

100% ?

Client Satisfaction

50% ?

Minimum Deposit

$200

$250

Accepts US Clients

Yes
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Detailed Review

Description

OptionTrade offers traders their OT Trader, which is modeled after another successful trading broker called HotForex. OT Trader is a sophisticated binary trading platform built based on the experiences of the platform provider.

You can trade with ease using OptionTrade’s cutting-edge OT Trader platform. Traders can trade in more than 200 assets in 20 markets. You can manage multiple accounts in the myOptionTrade client area as well as trade on-the-go from any device. Minimum trade amount starts at $5.

The trading platform offers sophisticated trading tools and fast execution of trades. The platform is Web-based, therefore there is no need for downloads. It offers a user-friendly interface and is easy to use. The platform is integrated with all leading payment methods.

BinaryBook uses the latest SpotOption Gen 2 trading platform that is a great improvement over the first generation of this platform. The advanced features provide access to more option contract types. You can take advantage of new features like Trade Analyzer to increase your returns. BinaryBook also offers a mobile trading app for Android devices.

Withdrawal Options:

Webmoney, Credit Card, Bank Wire Transfer, Neteller Credit Card, Debit Card

Place Trades Over Phone

No
No

Platform

Platform type: OT Trader
Platform Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic, Swedish
OS Compatibility: Mac OS, Windows
Streaming News Feed: Yes
Email Alerts: No
Mobile Alerts: No
Platform type: SpotOption
Platform Languages: English, Turkish, Arabic
OS Compatibility: Windows
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: Yes

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

Payout ratios

Payout ratios offered by OptionTrade are available for up to 88%.

Average returns are around 80%. You can earn up to 500% with FX/CFD contracts.

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Trade Types

Trading choices at OptionTrade include the usual trading types such as:

  • 60 Seconds
  • Classic Binary Option
  • Long Term
  • One Touch
  • Pairs

BinaryBook offers the following trade types:

  • Binary
  • Pairs
  • Long Term
  • Turbo
  • One Touch
  • Ladder
  • FX/CFD
  • Spot follow

Email

support@optiontrade.com support@binarybook.com

Assets

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

Phone

+357-24-020054 + 44 2035198267

Trading Accounts

OptionTrade offers three types of trading accounts:

Standard Account – Minimum deposit of $200

  • Cash match bonus
  • Payout up to 83%     
  • Free demo account   
  • 80+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

Premium  Account – Minimum deposit of $1000

  • Cash match bonus
  • Payout up to 85%     
  • Free demo account   
  • 120+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

VIP Account – Minimum deposit of $5000

  • Personal account manager
  • Cash match bonus
  • Payout up to 88%     
  • Free demo account   
  • 180+ assets
  • Convenient account funding options  
  • Quick and easy withdrawals   
  • User-friendly interface
  • Trading instruments: Forex, Indices, Commodities, Share CFDs
  • Multiple accounts, one login  
  • 24/5 multilingual support        
  • Mobile trading
  • Client protection insurance     
  • Real-time statistical reports    
  • Binary options educational resources

BinaryBook offers five types of trading accounts:

  • Micro Account ($250 to $$500): Ideal for newbies. Welcome bonus is 20%. You also get access to BinaryBook Academy. 
  • Basic Account ($501 to $2500): For intermediate level traders. Welcome bonus is up to 50%. You get 1 risk-free trade and a personal account manager.
  • Gold Account ($2501 to $10,000): For experienced traders who wish to trade in high volume. Welcome bonus is up to 75%. You get 2 risk-free trades and up to two hours of trading sessions with an expert. You get 5 risk-free trades and from 5 to 10h of sessions with a trading expert.
  • Platinum Account ($10,001 to $50,000): This one is also for experienced traders who wish to trade in high volume. Welcome bonus is up to 10%.
  • VIP Account (Above $50,000): Offers personalized services to traders. Contact the broker directly to learn more about what the package inclues.

BinaryBook also provides an Islamic Trading account that is fully compliant with the Sharia law.

Customer Service

EMAIL PHONE NO.
LIVE SUPPORT TRAINING
Customer Support Languages: English, Spanish, German, French, Russian, Chinese, Italian, Arabic
Customer Service Hours: OptionTrade provides 24-hour customer support.
Place Trades Over the Phone?: No
EMAIL PHONE NO.
LIVE SUPPORT
Customer Support Languages: English, Turkish, Arabic
Customer Service Hours: 24h
Place Trades Over the Phone?: No

Deposit Options

Webmoney, Credit Card, Bank Wire Transfer, Neteller Credit Card, Debit Card, Bank Wire Transfer

Comission

No
Yes

Payouts Percentage

88%

85%

Located In

Cyprus United Kingdom
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Please pay attention to the fact that while both OptionTrade and BinaryBook may have an outstanding range of features every service might be created for a different company size. If you are analyzing various solutions you may want to pay attention to a company type they are meant for. Specific elements may scale up with no problem for large enterprises but if you run a small or medium company it’s often better to avoid paying for advanced features that you may never actually use.