Binary Options and IQ Option — main features to consider

Binary options broker (earlier known as BetOnMarkets.com) started its operations in the binary options market in 1999. Currently, it is one of the leading companies in this segment. Over the years, Binary com has released a large number of trading tools that are aimed to reduce trading risks. This approach allowed Binary options app to attract over a million active users. In 2013 Binary.com rebrands to Deriv. The rebrand comes with enhanced features and a new range of trade types.

IQ Option is a world leader in providing binary options trading services. Since 2013, it has managed to attract more than 60 million registered users. Traders can open an account with only $10 and enjoy all features of the platform. The minimum contract value is only 1 US dollar. It provides numerous traders with the opportunity to earn income by trading cryptocurrency, options, trading CFDs.

Opening an account with Binary.com is very easy. Just insert your email and get started. Alternatively, you can use your Google or Facebook account to register. But to trade real money, traders should submit more information. You will need to complete the form before you are able to deposit and withdraw money. Binary.com is a regulated company and as a result, they must verify your identity. Just upload your ID document to get started. There are no fees for opening an account.

To open an account and start trading on IQ Option, the user needs to register. If you only plan to get acquainted with the services of the company and try to trade on a demo account, then it is enough to indicate the name, surname and e-mail. For this, the broker does not demand any other information. However, to trade in real currency and withdraw profits, the client needs to confirm his personal data. Therefore, we strongly recommend that you enter true details, otherwise, you may face problems with the money withdrawal.

The Binary online review says there are two types of trading accounts: standard trading and virtual.

If you are confident enough to start trading in real time, you can open a standard trading account. Unlike most binary options brokers that require a high minimum deposit to open a live trading account, Binary.com asks a minimum deposit of just $5, which is perfect to gain trading experience. This process is simple and hassle-free. If you've already signed up for a demo account, the process of converting it to a standard account requires just a single click.

A tangible advantage of Binary broker is a demo account. Binary trading reviews state it is identical to a real account, and you will find the same assets, types of options contracts and other instruments here. $10,000 is credited to the virtual account, enabling each trader to conduct their own test of the platform, identify its advantages and disadvantages, get used to it, test their own trading strategy and hone trading skills. To activate a demo account, you do not need to replenish a deposit. You just need to choose an account type during the registration.

IQ Option was among the first brokers to offer their users a free demo account with which they could learn how to trade. This novelty transformed the entire industry and many online binary options brokers followed this initiative and introduced a similar training tool.

The free demo account allows users to become familiar with the trading platform and learn all the ins and outs of binary options trading before they start risking real money. The IQ Option demo version even includes a training webinar. A demo account is the safest way to start trading binary options:

• The virtual money is refundable;
• No hidden fees;
• $10,000 deposit.

Binary broker has launched two similar trading advanced platforms. Binary.com company review says the differences between them are really minor. WebTrader allows users to add and rearrange elements: charts, control panels, trade history.

• SmartTrader is a more adaptive terminal. There is a possibility of multi-window mode. More than 130 tools are integrated, as well as a basic set of technical and graphical indicators for browser platforms.
• Web Trader is a classic online platform. It has a large number of trading tools with internal charts of the company.

IQ Option has developed its own trading platform. It has a couple of standard indicators, the possibility to display several charts, as well as the ability to build graphical elements, which allows you to apply simple trading strategies. Trusted binary reviews prove the broker is constantly adding new features to the software and trying to improve the clients' trading experience.

Binary company has a good reputation on the market and does not need to offer clients special motivating bonuses and tempting offers like other brokers. The minimum deposit of only $ 5 attracts a lot of new users to the platform, who are always looking for opportunities for affordable trading. However, Binary does run promotions for traders, albeit less frequently than its competitors. New traders receive a welcome bonus: from 10 to 100% (depending on the amount of funds on the account). All earnings from the bonus can be withdrawn from the system in a convenient way.


IQ Option stopped giving out bonuses in 2016. Instead, the broker introduced an alternative method for its clients to get a reward. You can participate in tournaments. The profit is formed from the broker's own funds and deposits in equal proportions. The prize is distributed between the top 30 players.

For active traders, the Binary broker offers an additional earning option. Thus, users can take part in the affiliate program. In total, there are two types of programs:

• Partner. Program participants receive up to 45% of the referral commission. Funds are credited after the 15th day of each month.
• Introducing Broker. Users get the opportunity to earn commissions from the trading activities of referrals that were attracted to the MetaTrader 5 platform. The amount of commission depends on the asset and is calculated using a special formula.

Binary.com offers its users to trade via mobile devices. Its platforms are available for smartphones. You can download Metatrader 5 as an app or use the Tick app to trade. The advantage is that you need only one account to trade with your computer and use the application at the same time. A mobile application allows the broker to enlarge its audience considerably as the number of smartphone owners is steadily growing. With Binary Options app, you can check your trading positions at any time, react to economic news within seconds and trade the markets.

IQ Option's mobile trading app is easy to use and offers the same level of functionality as the web and desktop versions, making it suitable for both beginners and experienced traders. The app is available for Android and Apple (iOS) devices and can be downloaded for free. It is an exclusive chance for traders to play round the clock from any location.

On the www.Binary.com, you can manage all financial operations through bank transfers, credit cards and 12 different electronic wallets. Depending on the method of money deposit or withdrawal, the transaction will be completed within 5 business days. The minimum withdrawal amount is $5, and the maximum is $100,000 by bank transfer.

IQ Option also tries its best to make the work of a trader comfortable. The broker does not have any limits regarding the amount of the withdrawal. All payments are usually settled within three days since the application is submitted. The platform deals with all the payoff requests during 24 hours. Every trader receive the earned money on their banking cards or electronic wallets.

Binary does not leave new traders on their own. The website includes a training section. It helps beginners understand the nuances of the binary industry. Binary trading reviews show a special attention is devoted to the principles of price fluctuations and methods of its analysis. In general, the information contained here will be useful not only for beginners but also for advanced traders who want to refresh their knowledge.

Periodically, the company conducts training and introductory webinars, which anyone can attend free of charge. You may find the link to these materials is at the bottom of the main page.


IQoption was also among the first brokers to offer interactive learning tools to its users. This approach strengthened its position in the binary options market. The platform sincerely believes that a successful binary options trader is, first of all, a well-trained trader. There are many efficient learning tools on the site: free webinars, training videos, guides and eBooks.

According to Binary.com company review, the platform offers to solve all difficulties that may arise while online trading via its technical staff. There are many ways in which communication can be provided:

• Urgent problems can be discussed via Live Chat;
• You can make a phone call or order a call back;
• Questions that do not require the prompt intervention of technical specialists can be clarified by sending an email through a special form. You will find it in the "Contacts" section of the official site.

IQ Option also does its best to assist the customers at every stage of trading. It offers:

• 24/7 support around the clock;
• Communication in different languages;
• Email, chat and phone channels;
• VIP Account Managers.