Comparison Binomo vs IQ Option
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Binomo vs IQ Option. Which of them: Binomo or IQ Option a better online broker?
First of all, we’ll compare the commission fees of the two brokers. When analyzing trading options, the commission fees of Binomo is none, and that one of IQ Option is from 0.035%. The full online broker reviews contains more detailed information on the brokers’ commission fees.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Binomo provides customers with Options Trading, and IQ Option provides customers with Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Crypto Trading. As for platforms, Binomo offers Web Platform, Android App, iOS App, while IQ Option offers Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Binomo was founded in 2014 in Seychelles, and it is regulated by International Financial Commission. And IQ Option was founded in 2013 in Seychelles, and it is regulated by Not Regulated. We can withdraw funds from Binomo with the help of Bank Wire, Visa/Mastercard, Cryptocurrency, and its withdrawal fee is free. And IQ Option provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The time for withdrawal in Binomo is within 3 business days, and that one in IQ Option is within 1 business day.
As a result, the rating of Binomo is 3.9 stars versus that of IQ Option of 3.9 stars.