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

May 27, 2024
Good platform
Not long ago came on the platform, I thought another scam (but for those who do not understand the market, trading and price behavior) but no, well enough raise, those who think that it is a scam those just do not understand how to work on it). Personally, I like the platform, and I'm not going to leave it
May 14, 2024
Not a bad affiliate program
Comparatively short withdrawal time, normal support on the site, which can explain or help. License, however, there is no, they promise and still no way, but otherwise Quotex is normal, although not particularly promoted. I recommend it also for not a bad affiliate.
May 6th, 2024
I have been cooperating with the broker for 2 years
I didn't even know that QUOTEX broker is quite young. And not so long ago on the binary options market. I have been cooperating with it for almost two years. I didn't trust it very much at first. I had been screwed by one "broker" for 200$ before. I started trading with QUOTEX for small things and tried to withdraw money a couple of times. It turned out that everything was fine. That is why I have been trading on QUOTEX platform for more than a year now with deals starting from 100$.
Apr. 30, 2024
Interesting broker
The broker is good, a lot of tools for trading.... I'm satisfied. In addition, the time frame is 5 sec. many do not know how to trade on it. but learn.
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.

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