Getting the best binary option trading srevice for your business is difficult with a lot of features, choices, and terms to take note of. On the other hand, using our website will help you to streamline the selection process by getting all major providers in a single place.
For example, you can compare Redwood Options and Quotex for their features and overall scores, in this case, 7.5 and 8.0, respectively. Likewise, you can check which broker has better general user satisfaction rating: 99% (Redwood Options) and 97% (Quotex) to learn which solution is the better choice. Don’t simply start using the solution with the most attractive minimum deposit, but the one that offers the best value for your money.
People who are pressed for time or could use a Binary Options Brokers advice from our team may want to take a look at these top choices for this year: Nadex, GTOptions, 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 experiences that we offered in this comparison were collected from official company sites, promotional resources available online, real-life experience from real clients as well as our personal direct use of each product by a professional reviewer. We put a lot of effort to comprehensively examine each product, so we not only examine it ourselves, but we also correlate our observations with experiences of other people from the B2B community.
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