Comparison - Binomo VS Quotex

Comparison table of binary options brokers Quotex and Binomo:

Category

Quotex

Binomo

Rating

4.4 - #2 among binary options brokers

3.4

Accepting traders from Belarus

Yes

Not accepted (see available binary options brokers)

Platform Overview

Quotex 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 feedback

4.3, based on 8 reviews

 

Deposit bonus

30%

 

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."

Advantages

Quotex 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.

Disadvantages

Quotex 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.

Tools

Digital options on stocks, indices, forex, commodities, crypto

Fixed time transactions

demo account

Yes

Yes

Minimum deposit

$10

$10

Trading platforms

Web platform, mobile application

Own

Replenishment methods

Bitcoin, credit and debit cards, Ethereum, Perfect Money, Visa, bank transfer

Cashu, credit and debit cards, Doku Wallet, JCB Card, Mastercard, Perfect Money, Skrill

Minimum transaction

$1

$1

Regulator

No

 

Mobile apps

Android

iOS and Android

Trading signals

Daily trading signals

Yes

Tournaments

Yes

No

Account currencies

USD, EUR, GBP, INR, JPY, MYR, IDR, RUB, BRL, NGN, THB, VND, UAH

USD, EUR

Assets

20+

19

Cryptocurrency trading

Quotex 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.

Disbursement

Up to 98%

Up to 90%

Expiration time

5 seconds to 4 hours

From 1 minute to 60 minutes

Option options

No

Yes (Boundary Options)

Review

[Quotex Full Review](Quotex Logo Review)

[Complete Binomo Review](Binomo Logo Review)

More comparisons

Quotex vs.

Binomo vs.

This comparison table will help traders determine which Quotex or Binomo binary options broker better meets their requirements and preferences.

Binomo Reviews

June 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.
May 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.
April 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.
April 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!!!
April 8, 2024
Binomo - Empowering Traders Worldwide
Binomo has truly impressed me with its user-friendly interface and comprehensive trading tools. As a trader looking for reliability and efficiency, Binomo has delivered beyond my expectations. The diverse range of assets, educational resources, and responsive customer support have made my trading journey both enjoyable and profitable. With Binomo, I feel empowered to make informed trading decisions and navigate the financial markets with confidence.
April 3, 2024
It's a great choice for online trading
I like their education system, which has helped me understand trading better. The support service is always on call, which is important for beginners. The stability of the platform and fast verification are big pluses. I recommend it to everyone!
April 3, 2024
Binomo is a good platform for trading
I was particularly impressed by the number of assets and fast withdrawal of funds. The only disadvantage is that sometimes the application slows down, I would like more stable work. But in general, the services are at a high level, especially pleased with the participation in the Financial Commission, which adds credibility.
April 1, 2024
Just delighted with Binamo!
I have been trading here for a year now and the results exceed expectations. Asset quotes are always accurate, and withdrawals are instantaneous. I am very satisfied with the quality of customer service - they respond to queries quickly and professionally. I recommend it to anyone looking for a reliable trading platform!
March 27, 2024
For those looking for reliability
I recently started working with Binomo broker and have already managed to appreciate its reliability and ease of use. I was particularly impressed by the fast withdrawal of funds - sometimes in just 5 minutes, which was a pleasant surprise for me. The registration process is simple, and the design of the platform is concise and practical, without unnecessary elements. Binomo offers high payout percentages on assets, which makes trading here particularly profitable. I should add that two-factor authorisation for account protection is a big plus in terms of security. All in all, Binomo is a great choice for trading and I recommend it to anyone looking for a reliable and profitable broker.
March 18, 2024
I liked Binomo very much
Binomo is perfect for beginners. I started using a year ago and I love trading there after work without any financial goals. I have already made four withdrawals of $1000 each with no problems. I make small deposits and I'm still on the plus side. My bets are minimal so I don't feel much risk or nervousness. It's a great way for me to relax psychologically. I'm not sure about earning money, maybe it would work for someone, but it might make sense to make bigger bets than me. Good luck with your trading!

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