IQ Option vs. Binomo – Which one is the better trading platform?

IQ Option and Binomo are well-known for investment opportunities. There are millions of traders who are using these platforms. Both companies are direct competitors. As traders, we want the best conditions and platform for our investments. On this page, we will discuss the features of both platforms and come to the conclusion which one is better. IQ Option vs. Binomo – Where do you get the highest return on investment? How good is the trading platform? – Find out in our detailed comparison.

Platform comparison IQ Option vs. Binomo

Platform comparison IQ Option vs. Binomo

See the comparison of the main facts about both companies:

IQ Option: Binomo:
Review: 5 out of 5 stars (5 / 5)4.7 out of 5 stars (4.7 / 5)
Minimum deposit: $10$10
Demo account: $10,000 free$1,000 free
Platform: Desktop, web, appWeb, app
Markets: 500+ currencies, cryptocurrencies, stocks, ETFs, indices, commodities49+ currencies, cryptocurrencies, commodities, stocks
Financial Products:Binary Options, Digital Options, Forex, CFDsBinary Options
Return on investment: Maximum 100%+Maximum 90%+
Support: 24/7 phone, email, chat24/7 phone, email, chat

(Risk warning: Your capital is at risk)

Overview about IQ Option

At the moment IQ Option is the most popular broker for online investments. The company is based in Cyprus and active since 2013. More than 50 Million users are registered on this platform. The company is growing and adds more features to the trading platform. Traders are accepted from all over the World to use the trading platform (except the USA). IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC) and a very safe broker to trade with.

You can start with a free $10,000 demo account or a minimum deposit of $10. A lot of different payment methods are available (Bitcoin, credit card, PayPal, bank wire, and more). For depositing or withdrawing money there are no additional fees from IQ Option. On the trading platform, you will get access to more than 500 different assets and markets. There is a huge variety of investments. Furthermore, the return of investment (yield) can be up to 100%.

Moreover, the trading platform is very user-friendly. From our experience, it is the best trading platform compared to other brokers. There are video tutorials and a direct support option to get help and explanation for trading correctly. Beginners and advanced traders should feel comfortable very fast on the trading platform. A professional analysis with lots of tools is possible. The platform is available for desktop, web, or mobile phone.

IQ Option trading platform

Overview about IQ Option: 

  • European company based in Cyprus
  • Regulated by the CySEC
  • Free demo account
  • $10 minimum deposit
  • More than 500 different markets and assets
  • Binary Options yield up to 100%, Digital Options yield up to 900%
  • Forex, CFDs, Stocks, ETFs, Cryptocurrencies
  • User-friendly platform and easy to use
  • Helpful tutorials
  • Multi-language support

Overview about Binomo:

Binomo is well-known for trading Binary Options. The company is based in St.Vincent and the Grenadines and offers to invest in rising or falling prices to earn a high yield of up to 90%. Since 2015 the broker is active and has more than 800,000 traders daily. Binomo is regulated by the International Financial Commission with the category “A”. This is the highest regulatory level you can get there.

Compare to IQ Option the variety of markets and assets is not so high. There are only 49 markets available to trade. Invest in currencies, cryptocurrencies, stocks, and commodities. The minimum deposit is $10 for trading with real money or you try the free demo account with a virtual balance of $1,000. Like IQ Option the trading platform of Binomo is very user-friendly and easy to understand.

For depositing and withdrawing money there are more than 5 different methods available. It is depending on your county of residence but you will not pay any additional fees. Binomo is offering a 24/7 multi-language support, trading strategies, and tutorials for beginners. In conclusion, Binomo seems like a good trading platform, too.

Binomo trading platform

Overview about Binomo:

  • The company is based in Vincent and the Grenadines
  • Regulated by the Financial Commission
  • More than 49 assets available to trade
  • Free demo account $1,000
  • Minimum deposit $10
  • Account types
  • Maximum yield up to 90%
  • User-friendly platform
  • 24/7 support
  • Trading strategies, tutorials, events

Trading Platforms  – IQ Option vs. Binomo

In the following, we want to compare the trading platforms in detail. IQ Option and Binomo offer a customizable trading platform with a lot of different analysis tools. Is it possible to do a professional analysis? We tested both platforms and share with you the result. The first impression shows us the same structure on both platforms. On the side, you see the order mask and settings for trading and in the center, you see the chart.

Screenshot of the IQ Option trading platform

Screenshot of the IQ Option trading platform

Screenshot of the Binomo trading platform

Screenshot of the Binomo trading platform

For traders, it is important to have access to the portfolio and trading platform at any time. Both software is available for any device. You can use your desktop computer, tablet, or mobile phone for trading. IQ Option shows the advantage that they created a program that you can download for your computer. It is faster than the web-version and gives you a better design.

IQ Option:Binomo:
Web Platform:
Download version:No
Android:
Apple IOS:
MetaTrader:NoNo

(Risk warning: Your capital is at risk)

Charting and analysis compared

When it comes to charting and analysis both platforms offer indicators, chart types, and drawing tools for technical analysis. You can customize the chart as you want in different ways. Every trading strategy is allowed by brokers. Adding an indicator or tool is very simple. Just open the menu for it and implement the tools. You can configure the settings and presentation. All in all, charting and analysis are possible on both platforms but IQ Option will offer you more tools than Binomo.

Indicator menu of IQ Option

Indicator menu of IQ Option

Charting and analysis: 

IQ Option:Binomo:
Chart types:More than 4More than 4
Timeframes:More than 24More than 11
Indicators:More than 40More than 10
Drawing tools:More than 5More than 10
Templates:YesNo
Widgets:Yes, Traders Sentiment, High and Low Values, Trades of Other People, News, VolumeNo

Financial assets and markets:

IQ Option clearly wins with more than 500 different assets and financial products. It is a multi-asset broker where you can trader Binary Options, Digital Options, Forex, ETFs, Cryptocurrencies, and CFDs. Binomo only offers 49 markets to trade with Binary Options. Also, the conditions to trade are better with IQ Option. You can earn a higher return on investment up to 100% with Binary Options.

IQ Option offers more assets to trade than Binomo

IQ Option offers more assets to trade than Binomo

IQ Option wins when it comes to asset and markets variety: 

  • Binary Options up to 100%
  • Digital Options up to 900%
  • Forex Trading with low spreads (starting 0,5 pips)
  • CFD Trading on stocks, ETFs,commodities, and cryptocurrencies
  • Cryptocurrencies with high leverage
  • Maximum leverage is 1:1000
IQ Option:Binomo:
Markets:500+49+
Financial product: Binary Options, Digital Options, Forex, CFDsBinary Options
Max. yield Binary:100%+90%+
Max yield Digital:900%+/
Spreads:Starting 0.5 pips/
Leverage:Up to 1:1000/

(Risk warning: Your capital is at risk)

Accepted payment methods:

The accepted payment method is always depending on your country of residence. Overall, we can say that Binomo is offering about 9 payment methods and IQ Option is offering more than 20 payment methods. Credit cards, e-wallets, and cryptocurrencies are accepted.

IQ Option is offering more payment methods

IQ Option is offering more payment methods

After registering your account you will see which payment methods are available. For example, European clients can deposit and withdraw money with a bank wire or PayPal.

Test of deposits and withdrawals

Both brokers have the advantages that there are not any additional fees for your deposits and withdrawals. Deposits can be done instantly with electronic methods. The minimum deposit is $10 on both platforms. For withdrawing money you have to have at least $2 on your account balance. IQ Option is very fast when it comes to withdrawing money. Often the transaction is done in less than 5 hours. On the Binomo platform it can take up to 3 days but they are also fast.

IQ Option: Binomo:
Payment methods: 20+9+
Minimum deposit: $10$10
Minimum withdrawal: $2$1
Fees:NoNo
Withdrawal duration:1 – 3 days (often in less than 5 hours)1 – 3 day

Compare the support and service for traders

IQ Option and Binomo are international brokers and they are offering multi-language support and service. You can contact the support via phone, email, or chat. The support employees on both brokers are professional and can help you quickly. In addition, there are video tutorials and helpful stuff to learn to trade. On both platforms, you will find learning material about how to trade correctly.

IQ Option:Binomo:
Available: 24/7 multi-languages24/7 multi-languages
Methods:Phone, chat, emailPhone, chat, email
Personal support:YesYes
VIP Manager: YesYes
Traders chat: YesNo
Tutorials:YesYes
Tournaments: YesYes
Special: Asset information, news calendarTrading strategies

IQ Option vs. Binomo conclusion: IQ Option wins for us

In this comparison of IQ Option vs. Binomo you saw that IQ Option is the better trading platform. That does not mean Binomo is a scam or bad brokerage firm. IQ Option just offers you more investment opportunities and trading conditions. You can start with a low minimum deposit and test the platform by yourself.

Overall, on the IQ Option platform, you can trade more markets, more financial products, and earn a higher return on investment. We can recommend using IQ Option for trading successfully. The platform is very user-friendly and the support shows us high expert-knowledge. It is possible to trade with your desktop or mobile device. If you feel comfortable using the demo account you can start to trade with real money.

Why IQ Option wins vs. Binomo: 

  • Higher return on investment
  • More markets to trade
  • More financial products to trade
  • Better support and educational material
  • Better trading platform

Our comparison shows us that IQ Option is a better trading platform for any type of investment. 5 out of 5 stars (5 / 5)

(Risk warning: Your capital is at risk)