Selecting the best binary option trading srevice for your company is hard with various features, choices, and terms to choose from. But, relying on our review directory will help you to simplify the selection steps by showing all major providers in a single place.
For example, you can match Quotex and Redwood Options for their features and overall scores, in this case, 8.0 and 7.5, respectively. Furthermore, you can see which broker has higher general user satisfaction rating: 97% (Quotex) and 99% (Redwood Options) to determine which service is the better option. Don’t just choose the platform with the most attractive minimum deposit, but the one that has the best value.
Our experts made sure to prepare reviews of all popular Binary Options Brokers solutions offered out there, but among them these three caught 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.
Almost as essential as functionalities and customer support level are pricing options provided by Quotex and Redwood Options. Even though pricing should not be the only element it’s surely a significant thing to think about. You should look for a flexible pricing plan that can be adjusted to your business size and painlessly scaled up every time your team expands. Make sure you don’t select plans that include additional functionalities that you won’t find useful and always try to get in touch with the vendor directly as enterprises can frequently benefit from discounts. You should also check out a free trial or demo of every software to spend at least some time using it. It’s a useful experience that doesn’t need you to invest any money and provides you with a solid overview of what it feels like to work with Quotex and Redwood Options.
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