What is better Quotex or First Binary Option Service?
Getting the right binary option trading srevice for your organization is difficult with various functions, options, and offers to consider. On the other hand, depending on our review directory will make it possible for you to streamline the necessary steps by showing all key providers in a single location.
As an illustration, you can contrast Quotex and First Binary Option Service for their functions and overall scores, namely, 8.0 and 7.0, respectively. Furthermore, you can compare which broker has higher general user satisfaction rating: 97% (Quotex) and 95% (First Binary Option Service) to learn which one is the better option. Don’t just choose the platform with the lowest minimum deposit, but the platform that offers the best value for your money.
Those of you who want to save some time or could use a Binary Options Brokers recommendation from our experts may want to investigate these top choices for the current year: 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.
Click on the “Real Account” button on firstbinaryoption.com to register and get started. The minimum deposit required is just $5. The website also offers a free demo account.
Payouts Percentage
80%
Withdrawal Options
Webmoney, Credit Card, Debit Card, Bank Wire Transfer, Western Union, CashU, Skrill
When you compare various Binary Options Brokers apps you shouldn’t simply explore their list of features and available pricing plans. Keep in mind the software should be meeting your work processes and business so the more flexible their offer the better. Find our what platforms are supported by Quotex and First Binary Option Service and make sure you will get mobile support for whatever devices you use in your company. It may also be a good idea to find out which languages and geographies are supported, because this might be a critical factor for many companies.
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