Choosing the right binary option trading srevice for your business is hard with a lot of features, choices, and offers to choose from. However, relying on our review platform will help you to streamline the selection steps by reading all key providers in one location.
For instance, you can match Quotex and OptionBit for their functions and overall scores, in this case, 8.0 and 8.0, respectively. Similarly, you can see which broker has higher general user satisfaction rating: 97% (Quotex) and 100% (OptionBit) to find out which solution is the better option. Don’t just choose the service with the lowest minimum deposit, but the one that gives the best value for your money.
We did our best to review all popular Binary Options Brokers services that you can find on the market, but among them these three deserved our special attention: Nadex, IQ Option, 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.
OptionBit offers the following trade types: one touch, autotrader, and classic. The broker’s Tradologic trading platform includes the following trading types: regular above/below binary options, touch trading and range, as well as “extend” and “close now” features. Option types offered on the website are digital, one touch, touch/no touch, range, and turbo.
If you are still having doubts about which app will perform best for your business it might be a sensible idea to investigate each service’s social metrics. These metrics are frequently a sign of how popular a given product is and how large is its online presence.For instance, if you analyze Quotex LinkedIn account you’ll find out that they are followed by 42 people. In case of OptionBit the number of followers on their LinkedIn page is 0.
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