Choosing the right binary option trading srevice for your organization is not that easy with a lot of features, choices, and terms to consider. On the other hand, relying on our review platform will help you to cut down the necessary steps by showing all crucial services in a single place.
For example, you can compare OptionTrade and Quotex for their tools and overall scores, in this case, 8.4 and 8.0, respectively. Likewise, you can check which broker has higher general user satisfaction rating: 100% (OptionTrade) and 97% (Quotex) to determine which solution is better. Don’t just choose the platform with the lowest minimum deposit, but the platform that gives the most cost-effective value.
As of now, the leading solutions in our Binary Options Brokers category are: IQ Option, GTOptions, Nadex.
Also, it has a “double-up” feature where you can place a new trade similar to the position of your initial trade but at the new current price point. It has the same cost to enter with the same expiry time as your initial trade but it’s under the current price.
Payout ratios vary for every asset of its type. For instance, payouts for different currency pairs in forex can vary from 36% to 88%. Moreover, payout percentages can also differ depending on the length of the trade contract. More often, the payouts of five-minute trades and up are higher than those in a shorter timeframe. Payout percentages are pinned on every trading asset with an unmistakable dark orange color.
Quotex members have essentially two types of trading accounts under one name. One is for demo trades and the other one is for live trading. You can access them both in a single session. This allows traders to simulate actions in current conditions before jumping in with live trades. Like other binary options platforms, registration is free and so is the demo account. Once new users get the hang of binary trading on the Quotex platform, they can deposit funds for live trading. Also, users can deposit and withdraw funds via bank transfers, epayment solutions, and even cryptocurrency, including Bitcoin, Bitcoin Cash, Dogecoin, Ethereum, and Coinbase. Also, it supports Visa/Mastercard transactions.
Demo Account
Registration: Free
Virtual Currency: $10,000
Transaction Information
Minimum Deposit: $10
Minimum Dollar Withdrawal: $10
Minimum Bitcoin Withdrawal: $50
Withdrawal Time: 1-5 working days
No Transaction Fees (third-party solutions may do)
Quotex works hard to make payments on the same day the withdrawal transaction has been made. Also, depending on the value of transactions, verification may be required. Most of the time, however, no extra verification is needed. Lastly, there is no indication of a minimum maintenance balance.
Payouts Percentage
Variable
Withdrawal Options
Credit Card, Debit Card, Bank Wire Transfer
Assets
Forex, Metals, Oil, Gold, Indices, Commodities
Available Support
email
phone
live support
training
tickets
General Info
Provides users with a hassle-free binary trading options platform that is not only easy to use but also has advanced technical analysis solutions including customizable trend indicators and charts.
Almost as important as features and user support responsiveness are pricing packages made available by OptionTrade and Quotex. While pricing should not be the only element it’s without a doubt a significant thing to think about. You should expect a flexible pricing plan that can be matched with your business size and easily scaled up every time your company develops. Make sure you don’t pick packages that have additional features that you won’t find a use for and always make an effort to contact with the vendor directly because big companies can often benefit from special pricing. You should also give a chance to a free trial or demo of every app to spend at least some time working with it. It’s a valuable experience that doesn’t ask you to invest any money and provides you with a practical overview of what it’s like to work with OptionTrade and Quotex.
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