Choosing the most appropriate binary option trading srevice for your organization is difficult with so many functions, options, and terms to check. On the other hand, depending on our website will make it possible for you to streamline the selection steps by showing all crucial providers in a single location.
For example, you can compare Quotex and BinaryBook for their functions and overall scores, in this case, 8.0 and 7.9, respectively. Similarly, you can check which service has superior general user satisfaction rating: 97% (Quotex) and 50% (BinaryBook) to find out which service is better. Don’t simply choose the service with the most attractive minimum deposit, but the platform that offers the best value.
Those of you who want to save some time or need a Binary Options Brokers suggestion from our experts might want to examine these top choices for the current year: IQ Option, Nadex, GTOptions.
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.
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.
In the event you continue having doubts about which software will be best in your case it might be a good idea to investigate each service’s social metrics. Such metrics are quite often a way to see how popular each software is and how large is its online presence.For instance, if you analyze Quotex LinkedIn account you’ll learn that they are followed by 42 people. In case of BinaryBook the volume of followers on their LinkedIn page is 0.
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