Choosing the right binary option trading srevice for your business is complicated with a lot of features, choices, and offers to check. However, relying on our review directory will help you to streamline the selection process by displaying all key services in a single location.
For example, you can match Quotex and CherryTrade for their features and overall scores, namely, 8.0 and 8.1, respectively. Likewise, you can see which broker has higher general user satisfaction rating: 97% (Quotex) and 100% (CherryTrade) to learn which service is the better choice. Don’t simply choose the solution with the lowest minimum deposit, but the solution that has the most cost-effective value.
We are aware that not all people have the time to examine a large number of various solutions, so we came up with a list of recommendations that you may find useful. Our top selections for the Binary Options Brokers category are: GTOptions, Nadex, IQ Option.
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.
All the data, details and opinions that we provided in this comparison were collected from official vendor websites, promotional resources available online, actual experience from real users as well as our own hands-on use of every software by a professional reviewer. We pay a lot of attention to comprehensively test each service, so we not only analyze it ourselves, but we also correlate our results with experiences of other users from the B2B community.
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