Summary
Neither IQ Option nor Binomo accepts traders from United States. See the brokers that accept you →
Not available in United States 
| IQ Option | Binomo | |
|---|---|---|
| Overview | ||
| Summary | IQ Option is a reliable broker offering multi-asset trading via its easy-to-use platform. It allows trading in forex, stocks, cryptos, indices, commodities, and ETFs with low fees, plus extra features and educational resources. An account can be opened with only $10. IQ Option is a well-regarded binary options and digital trading broker. Trade on an easy-to-use platform with a low initial deposit. Just predict if an asset's price will rise or fall to earn a fixed payout of up to 90%+. CFD trading: focuses on CFDs for stocks, forex, cryptocurrencies, and other markets. Leverage varies by location (1:30 in EU, 1:500 globally), with lower rates for more volatile assets. Trades have no commission, featuring floating spreads, and users can access the award-winning platform. Forex trading: IQ Option provides CFD trading on 24 forex assets, including major and some minor pairs. EU traders can use up to 1:30 leverage as per local rules. The broker offers commission-free trades, but spreads are relatively high, so it is not outstanding in this area. Crypto trading: IQ Option is a top crypto broker, providing multipliers and a wide selection of digital currencies like Bitcoin, Ethereum, and Cardano. They offer leverage up to 1:2 with variable spreads and no commission. The user-friendly trading software is ideal for beginners. | Binomo is a binary options broker providing trading in forex, stocks, and indices through high/low contracts on an easy-to-use online platform. It offers payouts up to 90% with dependable service. Established in 2014, it is based offshore. Binomo provides 24/7 binary options trading, even on weekends. Trade short-term price changes in popular markets like stocks and currencies. Enjoy competitive payouts up to 90%, with contracts starting at just 1 minute. Forex trading: Binomo offers a competitive range of currencies from majors like EUR/USD to exotics like EUR/MXN. With contract times of 1 minute to 1 hour, this broker suits short-term forex binary options traders. Crypto trading: Binomo provides 24/7 fixed-time trading on a limited number of major cryptocurrencies, such as Bitcoin. This is much less than platforms like Focus Option, which offers over 80 digital tokens. |
| Warning | RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK | – |
| Awards |
| – |
| Regulator | CySEC | – |
| Instruments | CFD, Forex, Crypto, Stocks, Digital Options | Fixed Time Trades |
| Demo account | Yes | Yes |
| Minimum deposit | $10 | $10 |
| Minimum trade | 0.001 Lots | $1 |
| Max payout | 95% | 90% 99% via Dynamic Range Trading for VIPs |
| Expiry times | 60 seconds - 1 month | 1 minute - 60 minutes |
| Ladder options | Yes | No |
| Boundary options | Yes | Yes |
| Platforms & tools | ||
| Mobile apps | Android (plus APK), iOS (plus progressive web app) | iOS & Android (plus APK) |
| Mobile trading | IQ Option offers an easy-to-use mobile app for forex and their own trading instruments, providing a smooth, secure platform for short-term trades. Recent updates have harmonized the interface of both the web and mobile platforms, allowing effortless switching between them. | The Binomo app stands out with a full set of features, including a risk-free demo account and over 30 tools for technical analysis, allowing both new and experienced traders to navigate the markets confidently. It also offers a wide range of assets in different markets and the ability to use CFDs, providing many opportunities, all while having 24/7 support access. |
| MetaTrader 4 | No | No |
| MetaTrader 5 | No | No |
| cTrader | No | No |
| TradingView | No | No |
| AlgoTrader | No | No |
| OmniTrader | No | No |
| Autochartist | No | No |
| eSignal | No | No |
| Trading Central | No | No |
| Copy trading | No | Yes |
| Social trading | No | No |
| AI / machine learning | No | No |
| Robo advisor | No | No |
| Trade signals | – | Yes |
| VPS hosting | No | No |
| Account & payments | ||
| Payment methods | Boleto, Credit Card, GlobePay, Maestro, MoneyGram, Perfect Money, QIWI, Skrill, Sofort, Vietcombank Transfer, Volet, Wire Transfer, Yandex Money | Credit Card, Doku Wallet, Google Pay, JCB Card, JetonCash, Mastercard, Perfect Money, Skrill |
| Account currencies | USD, EUR, GBP, ZAR | USD, EUR |
| STP account | No | No |
| ECN account | No | No |
| DMA account | No | No |
| MAM account | No | No |
| PAMM account | No | No |
| LAMM account | No | No |
| Demat account | No | No |
| Islamic account | Yes | No |
| Negative balance protection | Yes | No |
| Market maker | Yes | No |
| Margin trading | Yes | No |
| Margin rate | 0.2% | – |
| Tournaments | Yes | Yes |
| Demo competitions | No | No |
| Ethical investing | No | No |
| Markets | ||
| Stock exchanges | Australian Securities Exchange (ASX), CAC 40 Index France, DAX GER 40 Index, Dow Jones, Euronext, FTSE UK Index, Hong Kong Stock Exchange, IBEX 35, Japan Exchange Group, Nasdaq, S&P 500 | Dow Jones, Nasdaq, New York Stock Exchange |
| Commodities | Oil, Gold | Gold, Oil, Silver |
| Spot trading | No | No |
| P2P trading | No | No |
| CFD trading | Yes | No |
| CFD leverage | 1:500 | – |
| CFD GBPUSD spread | 1 | – |
| CFD oil spread | 2.3 | – |
| CFD stocks spread | 2 | – |
| Forex trading | Yes | Yes |
| Forex GBPUSD spread | 5 pips | – |
| Forex EURUSD spread | 14 pips | – |
| Forex EURGBP spread | 15 pips | – |
| Forex assets | 60+ | 19 |
| Crypto trading | Yes | Yes |
| Crypto spread | BTC 7%, ETH 12% (Var) | – |
| Crypto coins | BCH, BTC, DASH, EOS, ETC, ETH, LTC, OMG, QTUM, TRX, XRP, ZEC | ADA, BCH, BTC, LTC |
| Crypto lending | No | No |
| Crypto mining | No | No |
| Crypto staking | No | No |
| Crypto auto market maker | No | No |
| Visit | Read review | Read review |
Your capital is at risk. Never trade with more money than you can afford to lose.
FAQ
Is IQ Option or Binomo better?
Overall we have rated IQ Option (80%) higher than Binomo (67%), but there are additional factors to take into consideration. For example, does IQ Option accept traders from your country and do they offer the kind of features or trading platforms you prefer? Use our comparison table to see if IQ Option or Binomo is best for you.
