Comparison of Binomo and IQ Option
| Feature | Binomo | IQ Option |
|---|---|---|
| Broker | ||
| Year Founded | 2014 | 2013 |
| Broker Type | MM | MM |
| Dealing | B-book | B-book |
| Execution | Instant | Market |
| Regulation | SVGFSA | CySEC, SVGFSA |
| Platforms | Binomo | Quadcode |
| Spread | - N/A | ⮕ Average |
| Maximum Leverage | 1:1 | 1:500 |
| Minimum Deposit | $10 | $10 |
| Base Currencies | USD, EUR | USD, EUR, GBP, RUB |
| Funding Methods | Visa, Mastercard, Bank Transfer, AstroPay, FasaPay, Jeton, SticPay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX) | Bank Wire, Credit/Debit Cards (Visa, Mastercard), Skrill, Neteller, Webmoney, Volet.com, Perfect Money, Cardano (ADA), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Tether (USDT) |
| Inactivity Fee | $30 per month after 30 days of inactivity | $10 per month after 90 days |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | One free withdrawal per day; additional withdrawals incur from 2% to 5% depending on the country of residence | $30 on bank wire; other methods free |
| Investor Protection | FinancialCommission.org | ICF |
| Protection Size | €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✖ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✖ | ✖ |
| EAs/Robots | ✖ | ✖ |
| Depth of Market (DOM) | ✖ | ✖ |
| Tradable Assets (CFDs) | Currencies, Commodities, Indices, Stocks, Cryptocurrencies | Currencies, Indices, Stocks, ETF, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | Binomo Review | IQ Option Review |
About Binomo
Binomo is a binary options trading platform founded in 2014 that targets beginners with a very low $10 minimum deposit and $1 trade size. The broker is a Category A member of the International Financial Commission, giving clients access to a €20 000 compensation fund in case of disputes. Three live account tiers (Standard, Gold, VIP) unlock higher payouts-up to 90% - and faster withdrawals. While Binomo’s proprietary web and mobile apps are easy to use and offer weekend trading, the company is not regulated by top-tier financial authorities and is unavailable to traders in the EU and several other jurisdictions.
Pros
- Low $10 minimum deposit and $1 trade size
- Up to 90% payouts on VIP tier
- Fast proprietary web & mobile platform
- Free demo account with $10000 virtual funds
- Member of the International Financial Commission with €20000 compensation fund
- Multilingual interface and local payment options
Cons
- Not regulated by major authorities such as FCA or ASIC
- Limited number of underlying assets versus CFD/forex brokers
- No MetaTrader or third-party platforms available
- Education materials are basic compared to top forex brokers
About IQ Option
IQ Option is a regulated broker founded in 2013. It combines its own award-winning platform with a low $10 entry threshold and $1 trade size, offering 300+ instruments across CFDs and fixed-time options. The broker attracts both beginners and active traders with an intuitive interface, rich charting toolkit and 24/7 multilingual support. While spreads are competitive, availability is limited in a number of jurisdictions and binary options remain high-risk.
Pros
- Low $10 minimum deposit and $1 trade size
- Proprietary platform with 100+ indicators and built-in news feed
- Wide range of instruments (300+), incl. 25+ crypto CFDs
- Free practice account with $10 000 virtual funds
- Fast withdrawals (1-3 days) and many funding methods
- CySEC regulation and segregated client funds
Cons
- Binary options classified as high-risk in many countries
- Inactivity fee after 90 days
- Higher spreads than ECN brokers; no MT4/MT5 support
Binomo & IQ Option Regulation
| Feature | Binomo | IQ Option |
|---|---|---|
Companies | Dolphin Corp LLC, Pollack Trade LTD | IQ Option Europe Ltd, IQ Option LLC |
Countries | St. Vincent & the Grenadines | Cyprus, Saint Vincent and the Grenadines |
Regulators | SVGFSA | CySEC, SVGFSA |
Investor Protection | FinancialCommission.org | ICF |
Investor Protection Size | €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
Binomo
Dolphin Corp LLC, Pollack Trade LTD
IQ Option
IQ Option Europe Ltd, IQ Option LLC
Countries
Binomo
St. Vincent & the Grenadines
IQ Option
Cyprus, Saint Vincent and the Grenadines
Regulators
Binomo
SVGFSA
IQ Option
CySEC, SVGFSA
Investor Protection
Binomo
FinancialCommission.org
IQ Option
ICF
Investor Protection Size
Binomo
€20 000
IQ Option
€20 000
Publicly Traded
Binomo
IQ Option
Segregated Accounts
Binomo
IQ Option
Guaranteed Stop Loss
Binomo
IQ Option
Negative Balance Protection
Binomo
IQ Option
Account Types
| Account | Binomo | IQ Option |
|---|---|---|
Market Maker Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $10 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.5 |
| Fee | — | No |
| Max Leverage | — | 1:500 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Binary Options | ||
| Account | FTT | Binary Options |
| Minimum Deposit | $10 | $10 |
| Option Types | FTT (Fixed Time Trade), 5-Second Trades (5ST) | Call/Put, Turbo, Digital Options |
| Minimum Stake | $1 | $1 |
| Payout | from 40% to 90% | from 55% to 95% |
| Expiration Time | from 5 seconds to 1 hour | from 30 seconds to 30 days |
Market Maker Account
Account Name
Binomo
—
IQ Option
Standard
Min Deposit
Binomo
—
IQ Option
$10
Lot Size
Binomo
—
IQ Option
0.01
Spread Type
Binomo
—
IQ Option
Floating
Execution
Binomo
—
IQ Option
Market
Min Spread
Binomo
—
IQ Option
0.5
Fee
Binomo
—
IQ Option
No
Max Leverage
Binomo
—
IQ Option
1:500
Stop Out
Binomo
—
IQ Option
50%
Margin Call
Binomo
—
IQ Option
100%
Additional Features
Demo Account
Binomo
IQ Option
VIP Account
Binomo
IQ Option
Swap-Free Account
Binomo
IQ Option
Copy Trading
Binomo
IQ Option
VPS
Binomo
IQ Option
PAMM/MAM Accounts
Binomo
IQ Option
Binary Options
Account
Binomo
FTT
IQ Option
Binary Options
Minimum Deposit
Binomo
$10
IQ Option
$10
Option Types
Binomo
FTT (Fixed Time Trade), 5-Second Trades (5ST)
IQ Option
Call/Put, Turbo, Digital Options
Minimum Stake
Binomo
$1
IQ Option
$1
Payout
Binomo
from 40% to 90%
IQ Option
from 55% to 95%
Expiration Time
Binomo
from 5 seconds to 1 hour
IQ Option
from 30 seconds to 30 days
Funding and Fees
| Feature | Binomo | IQ Option |
|---|---|---|
Base currencies | USD, EUR | USD, EUR, GBP, RUB |
Deposit and withdrawal methods | Visa, Mastercard, Bank Transfer, AstroPay, FasaPay, Jeton, SticPay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX) | Bank Wire, Credit/Debit Cards (Visa, Mastercard), Skrill, Neteller, Webmoney, Volet.com, Perfect Money, Cardano (ADA), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Tether (USDT) |
Inactivity fee | $30 per month after 30 days of inactivity | $10 per month after 90 days |
Interest on margin | ||
Withdrawal fee | One free withdrawal per day; additional withdrawals incur from 2% to 5% depending on the country of residence | $30 on bank wire; other methods free |
Base currencies
Binomo
USD, EUR
IQ Option
USD, EUR, GBP, RUB
Deposit and withdrawal methods
Binomo
Visa, Mastercard, Bank Transfer, AstroPay, FasaPay, Jeton, SticPay, Binance Pay, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Tether (USDT), USD Coin (USDC), Dogecoin (DOGE), Cardano (ADA), XRP (XRP), Binance Coin (BNB), TRON (TRX)
IQ Option
Bank Wire, Credit/Debit Cards (Visa, Mastercard), Skrill, Neteller, Webmoney, Volet.com, Perfect Money, Cardano (ADA), Ethereum (ETH), Litecoin (LTC), XRP (XRP), Tether (USDT)
Inactivity fee
Binomo
$30 per month after 30 days of inactivity
IQ Option
$10 per month after 90 days
Interest on margin
Binomo
IQ Option
Withdrawal fee
Binomo
One free withdrawal per day; additional withdrawals incur from 2% to 5% depending on the country of residence
IQ Option
$30 on bank wire; other methods free
Trading Platforms and Conditions
| Feature | Binomo | IQ Option |
|---|---|---|
Trading Platforms | Binomo | Quadcode |
Execution Speed | 50 ms | 10 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | N/A | average |
Trading Platforms
Binomo
Binomo
IQ Option
Quadcode
Execution Speed
Binomo
50 ms
IQ Option
10 ms
Scalping
Binomo
IQ Option
Expert Advisors (EAs)
Binomo
IQ Option
Depth of Market (DOM)
Binomo
IQ Option
Spread
Binomo
N/A
IQ Option
average
Trading Assets
| Asset | Binomo | IQ Option |
|---|---|---|
Currencies | 28 | 63 |
Indices | 5 | 12 |
Stocks | 28 | 379 |
Cryptocurrencies | 6 | 26 |
Bonds | 0 | 0 |
Metals | 2 | 3 |
Energies | 1 | 3 |
Soft Commodities | 0 | 3 |
ETFs | 0 | 22 |
Currencies
Binomo
28
IQ Option
63
Indices
Binomo
5
IQ Option
12
Stocks
Binomo
28
IQ Option
379
Cryptocurrencies
Binomo
6
IQ Option
26
Bonds
Binomo
0
IQ Option
0
Metals
Binomo
2
IQ Option
3
Energies
Binomo
1
IQ Option
3
Soft Commodities
Binomo
0
IQ Option
3
ETFs
Binomo
0
IQ Option
22
Education and Analytics
| Feature | Binomo | IQ Option |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
Binomo
IQ Option
Indicators
Binomo
IQ Option
Robots
Binomo
IQ Option
Signals
Binomo
IQ Option
Autochartist
Binomo
IQ Option
Expert Analytics
Binomo
IQ Option
News Feed
Binomo
IQ Option
Education Articles
Binomo
IQ Option
Webinars
Binomo
IQ Option
Seminars
Binomo
IQ Option
Contests
| Feature | Binomo | IQ Option |
|---|---|---|
| Demo Contests | ||
| Is available | ||
| Contests List | — |
|
Demo Contests
Is available
Binomo
IQ Option
Contests List
Binomo
—
IQ Option
- Weekend TreatStart Balance: $100 · Prize Pool: $1500 · Period: WeeklyLearn More
- Salary in a DayStart Balance: $100 · Prize Pool: $3,000 · Period: WeeklyLearn More
- Austin 1000Start Balance: $1000 · Prize Pool: $1000 · Period: WeeklyLearn More
- IQ LaunchStart Balance: $100 · Prize Pool: $10000 · Period: WeeklyLearn More
- 72 HoursStart Balance: $100 · Prize Pool: $5000 · Period: Every 2 WeeksLearn More
Customer Support
| Contact | Binomo | IQ Option |
|---|---|---|
Email | support@binomo.com | support@iqoption.com |
Phone | — | +35724257707 |
Telegram | Telegram | — |
Facebook | — | |
YouTube | YouTube | YouTube |
Instagram | ||
Twitter |
Email
Binomo
IQ Option
Phone
Binomo
—
IQ Option
Telegram
Binomo
IQ Option
—
Facebook
Binomo
IQ Option
—
Which Broker is Better?
After comparing Binomo and IQ Option, IQ Option comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.