Getting the best binary option trading srevice for your business is not that easy with so many functions, options, and terms to consider. On the other hand, using our review platform will help you to streamline the necessary steps by showing all key services in one location.
For example, you can match Quotex and Magnum Options for their tools and overall scores, in this case, 8.0 and 8.0, respectively. Likewise, you can compare which provider has higher general user satisfaction rating: 97% (Quotex) and 96% (Magnum Options) to learn which service is the better option. Don’t simply pick the service with the most attractive minimum deposit, but the platform that offers the best value for your money.
Our team put a lot of effort to prepare reviews of all popular Binary Options Brokers services available on the market, but among them these three deserved our special attention: 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.
Magnum Options is the best binary options broker available today. Investors can trade a variety of digital options on this platform to make financial gains.
Every time you select a software that you believe will be an actual asset for your business you shouldn’t just limit yourself to what experts have to say about it. Quite frequently personal experience with the software may change, depending on your own goals and requirements. That’s why in our reviews we also provide our User Satisfaction Rating for every solution to give you a reliable overview of how actual users of Quotex and Magnum Options estimate their experience with the product. Our algorithm is built around advanced analysis of product appearances on other websites, social media and blogs, so you will get a complete and credible overview of what other users think about every product. In this example Quotex has a total satisfaction rating at 97% while for Magnum Options 96% of users claim they had an enjoyable experience with it.
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