Binomo vs. IQ Option Comparison

This comparison overview aids users who battle to choose between Binomo and IQ Option to locate the very best online broker for their trading and financial investment needs. It evaluates the highlights of the two brokers side by side to aid individuals compare their solution and make an educated choice.

To aid customers pick the ideal broker in between Binomo and IQ Option to locate the best-suited platform, listed below is a listing of broker’s benefits and drawbacks, adhered to by a contrast of their major trading features, including trading platforms & devices, fees, mobile trading, down payment & withdrawal, properties, guideline, and consumer support.

Binomo vs. IQ Option: Summary

Binomo-logo

Binomo is a binary options broker founded in 2014. It is not regulated and, therefore, not considered a safe broker. Their platform allows users to trade binary options on 60+ assets, including stocks, indices, commodities, and cryptocurrencies.

Binomo pays out up to 90% profit margin on correct predictions. The broker charges an inactivity fee of $10 after 30 days of inactivity.

Binomo’s customer support is available in Arabic and English via email (support@binomo.com).

IQ Option logo

IQ Option is a well established online broker great for users looking to trade forex, options and CFDs on a intuitive trading platform. Their well rounded offer consists of low spreads, a sophisticated trading platform, free demo account option, and responsive customer support in English language. They offer islamic accounts and copy trading in Arabic language which allows you to copy portfolios from seasoned investors and traders.

IQ Option is a trustworthy and reliable market maker broker and subject to the highest standards of regulation in the industry. Options trading is no longer available.

“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”
General Risk Warning: “The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose”

Pros

  • Low minimum deposit ($10)
  • No hidden commissions or fees
  • High payouts of up to 90%
  • Multiple account types and bonuses
  • Cashback bonus for VIP members
  • Customer support in Arabic

Cons

  • Minimal trading platform compared to other brokers
  • Lengthy account verification procedure
  • Lacks education and research tools

Pros

  • Multi-chart platform layout with technical analysis
  • Fast trade execution
  • 24/7 customer support in Arabic and English
  • Free demo account with $10.000 virtual money
  • Leverage of up to 1:1000

Cons

  • Trading fees are above industry average
  • Inactivity fee $10/90days

Key features

  • Access to over 60+ binary options
  • Beginner-friendly user interface
  • Cryptocurrency trading options
  • Low minimum deposit of $10
  • $1 min. trade size
  • Multiple payment options

Key features

  • Access to a wide variety of markets
  • Great research and education tools
  • User friendly platform
  • $10 minimum deposit and $1 minimum trade requirement
  • Access to 3000+ tradable symbols

Binomo vs. IQ Option Comparison

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IQ option

IQ Option

Open account Read review

“RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK”

BROKER COMPARISON

Binomo-logo
IQ option

Overall rating

2,2/5

2,8/5

Overall rating

2,2/5

2,8/5

Trading Platform & Tools

1.4

3.1

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 100:1 500:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.0

3.3

See details
Withdrawal Fee 0 0 (*currency conversion fee might apply)
Deposit Fee 0
Inactivity Fee $30 if no trades after 3 months
Cost Per Trade 0 0
Cost Per Month 0 10 EUR
Forex (EUR/USD) 0 4.7pip
Stocks & ETF 0 0.48pip
CFD (Gold) 0 4.8pip
Crypto 0 127.14pip
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

2.2

3.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.0

3.8

See details
Minimum deposit (in UAE) $10.00 $10
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

1.9

2.0

See details
Shares 0 Over 180
ETF & Funds 0 0
Crypto 0 19
Commodities 0 9
Indices 0 9
Options 0 Over 40
Futures 0 0
Bonds 0 0
Forex Instruments 0 Over 30
CFD Indices & Funds 0 Over 20
CFD Stocks 0 OVer 180
CFD Commodities 0 9
CFD Crypto 0 19
CFD Bonds 0 0
Binary Options 200 0
SWAPS 0 0
Saving Plans 0 0

Regulation

1.0

1.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

1.0

1.4

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

3.0

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Binomo vs. IQ Option Comparison Conclusion

The results of our comparison of Binomo vs. IQ Option are involved the table listed below.

Broker:Best For:
BinomoBinary Options Trading
IQ OptionTraders at all levels, from beginner to advanced

Picking the appropriate option in between Binomo and IQ Option can be difficult. Both on the internet brokers have resemblances however differ pertaining to trading tools, systems & apps, law, down payment & withdrawals, and research and education and learning. Choosing the most effective broker depends on individuals’ trading & financial investment objectives, private preferences, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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