Comparison - Binomo VS Quotex

Comparison table of binary options brokers Quotex and Binomo:

CategoryQuotexBinomo
Rating4.4 – #2 among binary options brokers3.4
Accepting traders from BelarusYesNot accepted (see available binary options brokers)
Platform OverviewQuotex is a top binary options broker from 2019 offering over 400 options on currencies, commodities, stocks and cryptocurrencies. Contracts from 5 seconds to 4 hours.Binomo is a beginner-oriented binary options broker offering trading on forex, stocks and indices via High/Low binary options on a simple web-based platform with payouts up to 90%.
Customer feedback4.3, based on 8 reviews 
Deposit bonus30% 
Reviewer’s comment“Quotex is the best choice for short-term trading on popular markets. Payouts are up to 98% above average, and the platform is beginner-friendly. However, lack of regulatory oversight, limited educational resources and poor support are key drawbacks.”“Traders who prefer simple and fast forex and stock trading should consider Binomo short-term binary options. The intuitive platform and entry requirements make the brand particularly attractive to newcomers.”
AdvantagesQuotex maintains its position as a great choice for short-term binary trading, easy account funding, great trading environment, user-friendly platform, low minimum deposit and rate, useful daily signals.Specially designed platform that works fast on mobile devices, available demo account with no limits, low minimum trade value from $1, competitive payouts up to 90%, thousands of traders daily, low minimum deposit of $10, clear account level system.
DisadvantagesQuotex is unregulated, average payouts below top brokers, lack of copytrading, poor customer support, lagging educational resources and market research.Very short contract expiry times from 1 minute to 1 hour, limited additional features without copy-trading, small selection of traded instruments, weak regulatory oversight.
ToolsDigital options on stocks, indices, forex, commodities, cryptoFixed time transactions
demo accountYesYes
Minimum deposit$10$10
Trading platformsWeb platform, mobile applicationOwn
Replenishment methodsBitcoin, credit and debit cards, Ethereum, Perfect Money, Visa, bank transferCashu, credit and debit cards, Doku Wallet, JCB Card, Mastercard, Perfect Money, Skrill
Minimum transaction$1$1
RegulatorNo 
Mobile appsAndroidiOS and Android
Trading signalsDaily trading signalsYes
TournamentsYesNo
Account currenciesUSD, EUR, GBP, INR, JPY, MYR, IDR, RUB, BRL, NGN, THB, VND, UAHUSD, EUR
Assets20+19
Cryptocurrency tradingQuotex only offers binary options on a few cryptocurrencies. Despite the narrow range, there are leading tokens including Bitcoin, Litecoin and Ethereum.Binomo offers 24-hour fixed time trades on several major cryptocurrencies, including Bitcoin. However, this is significantly less than alternatives such as Focus Option, which offers more than 80 digital tokens.
DisbursementUp to 98%Up to 90%
Expiration time5 seconds to 4 hoursFrom 1 minute to 60 minutes
Option optionsNoYes (Boundary Options)
Review[Quotex Full Review](Quotex Logo Review)[Complete Binomo Review](Binomo Logo Review)
More comparisonsQuotex vs.Binomo vs.

Таблица сравнение Binomo VS Quotex

Brend
Crypto
yes
no
License
Монако
Кипр

Reviews about Binomo

07/08/2024

Interesting broker

At first I wasn’t sure that I wanted to collaborate with this particular platform. I'm used to there being several types of accounts and a large number of account settings. So to speak, there is room for maneuver. Only later did I understand that this is a real advantage - when there is only one account, with simple and understandable conditions, and you don’t have to rack your brains over what to choose. But the Quadcode Markets trading terminal is a completely different story. It is customizable a little more than completely. Hundreds of assets, dozens of indicators, built-in calendars and calculators, a lot of functions that I didn’t even know about (for example, NBP). At the moment I can say that I am comfortable at trading.

Cameron Allen
Norwich
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06/24/2024

I prioritize trading here

Binomo broker remains a priority for my trading for two years now. The platform is good, makes trading easy and fun. Here you can trade not only binary options, but also currencies, stocks and many other assets, so there really is a choice. In addition, each trader can use indicators for trading. There are some nuances at Binomo in the form of a decrease in the size of profitability at different times, but it is not critical.

Rajendra Rao Khan
Bhopal
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05/15/2024

Binomo is a good platform for trading BOs

According to a number of parameters Binomo is a normal company for binary options trading. The convenient terminal has all the necessary indicators. In binary options the most effective is technical analysis, so I advise you to study this issue very carefully. The good thing is that you do not need to go to a third-party service to analyze the market, you can analyze directly on the platform. Because Binomo has quite good market analysts.

Uday Nazir Wable
Indore
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04/23/2024

Suitable for a small additional income

At the beginning of this year, I joined the Binomo platform in search of additional income. At first I was unaccustomed to working with the interface, it seemed awkward, but over time I got used to it, and now many actions are performed almost automatically, without too much thought about where to find the necessary information or section. The platform provides ample opportunities for trading. Of course, there are some disadvantages. Especially unpleasant is the restriction on withdrawal of funds before the bonus is worked out. Everything is fine with tournaments - it is interesting to participate in them, I wanted to test my strength by communicating with other participants.

Kalu Chandra
Kolkata
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04/19/2024

It's going pretty well so far

This platform is a great platform to start trading, from the support team to the simple website design. The broker is suitable for both beginners and experienced traders. You just need to learn the market and when you have money, invest. There are small minuses and errors, especially about the site hangs, but it's kind of all you can try and it's not so critical. So 5. Start trading and don't be afraid!!!

Prem Cauhan
Hyderabad
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