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Software OptionTrade vs. IQ Option

Choosing the most appropriate binary option trading srevice for your company is hard with various features, options, and terms to consider. On the other hand, depending on our review directory will allow you to simplify the necessary steps by showing all crucial providers in a single place. For instance, you can compare OptionTrade and IQ Option for their tools and overall scores, in this case, 8.4 and 8.5, respectively. Likewise, you can see which service has better general user satisfaction rating: 100% (OptionTrade) and 99% (IQ Option) to find out which one is the better choice. Don’t just pick the platform with the most attractive minimum deposit, but the service that gives the best value.

Software

OptionTrade

VS

IQ Option

VS

Score

Our Score

8.4 ?

Our Score

8.5 ?

Customer Experience

Customer Experience

100% ?

Customer Experience

99% ?

Minimum Deposit

$200

$10

Accepts US Clients

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Full 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.

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.

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: 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

Phone

+357-24-020054 74956680633

Email

support@optiontrade.com support@iqoption.com

Place Trades Over Phone

No
No

Trade Types

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

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

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

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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.
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

Comission

No
No

Payouts Percentage

88%

92%

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

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

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

Assets

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

Payout ratios

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

Returns can go as high as 92%.

Deposit Options

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

Withdrawal Options:

Webmoney, Credit Card, Bank Wire Transfer, Neteller Webmoney

Located In

Cyprus Cyprus
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All the data, facts and reviews that we provided in this analysis were taken from official company sites, advertising resources available online, actual experience from real users as well as our individual direct use of every service by an expert. We do our best to extensively test each service, as a result we not only test it on our own, but we also match our observations with opinions of other users from the B2B community.