Comparison - Binomo VS Quotex

Here is the comparative table of binary options brokers Quotex and Binomo:

Category	Quotex	Binomo
Rating	4.4 - #2 among binary options brokers	3.4
Acceptance from Belarus	Yes	Not accepted (see available binary options brokers)
Platform Overview	Quotex - a top binary options broker since 2019, offering over 400 options on currencies, commodities, stocks, and cryptocurrencies. Contracts range from 5 seconds to 4 hours.	Binomo - a binary options broker targeted at beginners, offers trading on forex, stocks, and indices through High/Low binary options on a simple web platform with payouts up to 90%.
Customer Reviews	4.3, based on 8 reviews
Deposit Bonus	30%
Reviewer Comment	"Quotex - the best choice for short-term trading on popular markets. Payouts up to 98% above average, platform is newbie-friendly. However, lack of regulatory oversight, limited educational resources, and weak support are key drawbacks."	"Traders preferring simple and fast trading on forex and stocks should consider Binomo's short-term binary options. Intuitive platform and entry requirements make the brand particularly attractive for beginners."
Advantages	Quotex maintains its position as an excellent choice for short-term binary trading, easy account replenishment, excellent trading environment, user-friendly platform, low minimum deposit and stake, useful daily signals.	Specially designed platform that works fast on mobile devices, accessible demo account with no limitations, low minimum trade cost starting from $1, competitive payouts up to 90%, thousands of traders daily, low minimum deposit of $10, clear account level system.
Disadvantages	Unregulated, average payouts lower than top brokers, lack of copy trading, weak customer support, lagging in educational resources and market research.	Very short contract expiration times from 1 minute to 1 hour, limited additional features without copy trading, small selection of tradable instruments, weak regulatory oversight.
Instruments	Digital options on stocks, indices, forex, commodities, crypto	Fixed-time trades
Demo Account	Yes	Yes
Minimum Deposit	$10	$10
Trading Platforms	Web platform, mobile app	Proprietary
Deposit 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 Trade	$1	$1
Regulator	None
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 offers binary options only on a few cryptocurrencies. Despite the narrow range, leading tokens including Bitcoin, Litecoin, and Ethereum.	Binomo offers round-the-clock fixed-time trades on several major cryptocurrencies, including Bitcoin. However, this is significantly fewer than alternatives like Focus Option, which offers over 80 digital tokens.
Payout	Up to 98%	Up to 90%
Expiry Time	From 5 seconds to 4 hours	From 1 minute to 60 minutes
Option Varieties	None	Yes (Boundary Options)
Review	[Full Review of Quotex](Quotex logo Review)	[Full Review of Binomo](Binomo logo Review)

This comparative table will help traders determine which of the binary options brokers Quotex or Binomo better suits their requirements and preferences.

Quotex Reviews

Apr. 17, 2024

Just what I was looking for

I have always wanted to find a more comfortable and convenient trading platform, and now I think I have found it.

Apr. 4, 2024

Super cool

Quotex has surpassed all my anticipations. Although I am a novice in options trading, their demo account facilitated my rapid grasp of the fundamentals, allowing me to transition to actual trading successfully. I am extremely content with the high trade profitability of up to 95%, which is truly remarkable. The round-the-clock support and dedicated personal manager deserve special acknowledgment for their convenience and utility!

Apr. 3, 2024

A little short of perfect.

Overall, I am satisfied with working with Quotex. The platform is intuitive, a lot of useful tools and good trading conditions. The only thing I don't like is the limited selection of cryptocurrencies. If they added more options for crypto, it would be perfect. Otherwise, a great broker for beginners and experienced traders.

Mar. 29, 2024

It's a godsend

Quotex has exceeded all my expectations. I am new to options trading, but thanks to their demo account, I quickly learnt the basics and started making real money. Very happy with the profitability of trades, reaching 95% - that's impressive. Special thanks for the 24/7 support and personal manager, it's really convenient and useful!

Mar. 21, 2024

Best broker

I have been using Quotex for six months now and it has been my best choice in the world of options trading! I am impressed by the simplicity of the interface and the variety of tools. I made a minimum deposit and I already have decent results. The support team is always on the phone, they help me promptly. I recommend to everyone who wants to start safely and effectively!

Feb. 25, 2024

For those looking for reliability

I recently started working with Quotex 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. Quotex offers high payout percentages on assets, which makes trading here especially profitable. I should add that two-factor authorization for account protection is a big plus in terms of security. All in all, Quotex is a great choice for trading and I recommend it to anyone looking for a reliable and profitable broker.

February 10, 2024

Quotex was good for me.

Quotex is just what you need for a beginner. I started a year ago, I trade for fun after work without any goals for earnings, but 4 times I withdrew 10,000, there were no problems, 3 times I deposited smaller amounts, so far in the plus. I make minimal bets, maybe that's why there is no sense of risk and nervousness. As a psychological release - excellent, as earnings - I do not know, maybe someone will suit, but you need to bet more than I bet. Good luck in trading

January 22, 2024

Functionality 5+

Quotex offers convenient functionality and reliable technical support. However, the high level of minimum deposit can be an obstacle for beginners.

January 19, 2024

Started from scratch and I haven't regretted it

Excellent platform for beginner traders. Low minimum deposit and tutorials help to understand trading. The disadvantage is the lack of cooperation with regulatory authorities.

January 15, 2024

Comfort broker

At Quotex I like the user-friendly interface, ease of use and fast withdrawals. However, I note the lack of a large selection of assets for trading.

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Comparison - Binomo VS Quotex

Quotex Reviews

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