IQ Option alternatives
By BinaryChooser editorial teamPlatform research for Asian markets
IQ Option · 4.0/5 · Lowest deposit $10 · Read the review
Why traders leave IQ Option
- Options for Asian clients come from an unregulated offshore company
- On the alert lists of Singapore's MAS and India's RBI; sanction case in Brazil
- Dormant account fee after 90 days
- Fewer crypto deposit options than rivals
1. Pocket OptionOur pick
4.1/5When it fits better
Pick it for a USD 5 entry point and copy trading built into the platform.
- Lowest deposit
- $5 vs $10
- Top payout
- 92% vs 95%
- Good for
- Very small first deposits and copying other traders
Compare in full with IQ OptionClose comparison
The trading screen: asset, timer, stake and the payout shown before you trade (+67% on BNB OTC here). Pocket Option and IQ Option by the numbers
— Pocket Option IQ Option (what you use now) Lowest deposit $5 $10 Lowest trade $1 $1 Top payout 92% 95% Win rate to break even 52.1% 51.3% Smallest withdrawal $10 $2 Practice balance $50,000 $10,000 What you can trade 100+ 300+ Trade durations 3 seconds – 4 hours 60 seconds – 1 month Pay-out speed Typically 1–3 working days; crypto often quicker (user reports) Up to 3 working days, often less BinaryChooser score 4.1/5 4.0/5 What Pocket Option adds
- Costs and minimums: 4.8 vs 4.2
- Copy trading
- Demo with no sign-up
- More ways to pay: Crypto
What you lose
- Desktop app
- iPhone app
- More to trade: ETFs
- Markets where IQ Option accepts you and Pocket Option doesn't: 1
What we think of Pocket Option
Where it accepts you, Pocket Option is the easiest place to begin: small minimums, a tidy platform and useful copy trading. The price is weak oversight and public warnings, so deposit little and try a withdrawal early.
Not for you if: You want a regulator behind your money, or contests make you trade too much
More Pocket Option screenshots
Pocket Option's home page with the sign-up form and the free demo link. 
Copy trading: one trader's public stats and the 24-hour leaderboard, with names and IDs blurred. 
2. Expert Option
3.7/5When it fits better
Pick it if you want the cleanest screen and good phone apps.
- Lowest deposit
- $10 vs $10
- Top payout
- 90% vs 95%
- Good for
- Beginners who trade mainly on their phone
Compare in full with IQ OptionClose comparison
Expert Option's home page with sign-up and the free demo. Expert Option and IQ Option by the numbers
— Expert Option IQ Option (what you use now) Lowest deposit $10 $10 Lowest trade $1 $1 Top payout 90% 95% Win rate to break even 52.6% 51.3% Smallest withdrawal $10 $2 Practice balance $10,000 $10,000 What you can trade ~100 300+ Trade durations 5 seconds – 24 hours 60 seconds – 1 month Pay-out speed Within 2 working days according to the platform; e-wallets and crypto can be quicker Up to 3 working days, often less BinaryChooser score 3.7/5 4.0/5 What Expert Option adds
- Copy trading
- Demo with no sign-up
- More ways to pay: Crypto
What you lose
- Platform and apps: 4.3 vs 4.8
- Support: 3.9 vs 4.2
- Contests
- Desktop app
- More to trade: ETFs
- Markets where IQ Option accepts you and Expert Option doesn't: 1
What we think of Expert Option
Expert Option has the easiest screen of the leading platforms and a good app. No government licence, fewer assets and its refusal of several Asian markets keep it third.
Not for you if: You want many instruments or longer-term analysis
More Expert Option screenshots
Expert Option's account levels and what each unlocks by deposit size. 
Expert Option's leaderboard of top traders, names and photos blurred. 
3. Olymp Trade
3.9/5When it fits better
Pick it for a long-running platform and a company registered in Vanuatu.
- Lowest deposit
- $10 vs $10
- Top payout
- 93% vs 95%
- Good for
- Traders who want a mature app and a registered company
Compare in full with IQ OptionClose comparison
Olymp Trade's trading screen: asset, timer, stake and payout before you trade. Olymp Trade and IQ Option by the numbers
— Olymp Trade IQ Option (what you use now) Lowest deposit $10 $10 Lowest trade $1 $1 Top payout 93% 95% Win rate to break even 51.8% 51.3% Smallest withdrawal $10 $2 Practice balance Yes $10,000 What you can trade 100+ 300+ Trade durations 5 seconds – 23 hours 60 seconds – 1 month Pay-out speed Depends on account level and method; higher levels first Up to 3 working days, often less BinaryChooser score 3.9/5 4.0/5 What Olymp Trade adds
- More ways to pay: Crypto
What you lose
- Desktop app
- More to trade: ETFs
What we think of Olymp Trade
Olymp Trade is just behind the leading three: a mature platform and better documentation than most offshore rivals, with the usual offshore limits on protection.
Not for you if: You need a strong regulator or live in India
More Olymp Trade screenshots
Olymp Trade's home page with sign-up and the free demo. 
Olymp Trade's cashier with payment methods and minimums. 
4. Binomo
3.7/5When it fits better
Pick it for frequent contests and a USD 10 start with many local payments.
- Lowest deposit
- $10 vs $10
- Top payout
- 90% vs 95%
- Good for
- Beginners who enjoy contests and small stakes
Compare in full with IQ OptionClose comparison
Binomo's trading screen: asset, timer, stake and payout before you trade. Binomo and IQ Option by the numbers
— Binomo IQ Option (what you use now) Lowest deposit $10 $10 Lowest trade $1 $1 Top payout 90% 95% Win rate to break even 52.6% 51.3% Smallest withdrawal $10 $2 Practice balance Yes $10,000 What you can trade – 300+ Trade durations 1 minute – 1 hour 60 seconds – 1 month Pay-out speed Faster on Gold and VIP Up to 3 working days, often less BinaryChooser score 3.7/5 4.0/5 What Binomo adds
- More ways to pay: Crypto
What you lose
- Platform and apps: 4.2 vs 4.8
- Licensing and openness: 2.3 vs 2.6
- Desktop app
- More to trade: ETFs
What we think of Binomo
Binomo is easy and cheap to try, but protection rests on a private body and India's central bank has flagged it. Consider it only where higher-ranked platforms don't accept you.
Not for you if: You want trades longer than an hour or a regulator behind the platform
More Binomo screenshots
Binomo's home page with sign-up and the free demo. 
Binomo's cashier with bonus offers – bonus money needs trading volume before withdrawal. 
5. Binarium
3.4/5When it fits better
Pick it to try things with USD 5, or for trades that last up to three months.
- Lowest deposit
- $5 vs $10
- Top payout
- 92% vs 95%
- Good for
- Testing with the smallest possible deposit
Compare in full with IQ OptionClose comparison
Binarium's home page with sign-up and the free demo. Binarium and IQ Option by the numbers
— Binarium IQ Option (what you use now) Lowest deposit $5 $10 Lowest trade $1 $1 Top payout 92% 95% Win rate to break even 52.1% 51.3% Smallest withdrawal $5 $2 Practice balance Yes $10,000 What you can trade – 300+ Trade durations 60 seconds – 3 months 60 seconds – 1 month Pay-out speed Depends on method and level Up to 3 working days, often less BinaryChooser score 3.4/5 4.0/5 What Binarium adds
- Copy trading
- More ways to pay: Crypto
What you lose
- Platform and apps: 3.8 vs 4.8
- Payment options: 3.9 vs 4.4
- Support: 3.5 vs 4.2
- Licensing and openness: 1.6 vs 2.6
- Contests
- Desktop app
- iPhone app
- More ways to pay: Local payment methods
- More to trade: Shares, ETFs
What we think of Binarium
Binarium is the cheapest way to try fixed-time trades. The complete absence of oversight keeps it near the bottom.
Not for you if: You want any outside protection for your money
More Binarium screenshots
Binarium's account levels and what each unlocks by deposit. 
6. IQcent
3.1/5When it fits better
Pick it for tiny trades from one cent and copy trading.
- Lowest deposit
- $10 vs $10
- Top payout
- 95% vs 95%
- Good for
- Very small trades and copy trading
Compare in full with IQ OptionClose comparison
IQcent's trading screen: asset, timer, stake and payout before you trade. IQcent and IQ Option by the numbers
— IQcent IQ Option (what you use now) Lowest deposit $10 $10 Lowest trade $0.01 $1 Top payout 95% 95% Win rate to break even 51.3% 51.3% Smallest withdrawal $20 $2 Practice balance Yes $10,000 What you can trade – 300+ Trade durations From 5 seconds (short-term) 60 seconds – 1 month Pay-out speed Faster on higher levels Up to 3 working days, often less BinaryChooser score 3.1/5 4.0/5 What IQcent adds
- Copy trading
- More ways to pay: Crypto
What you lose
- Platform and apps: 3.9 vs 4.8
- Costs and minimums: 3.2 vs 4.2
- Payment options: 3.8 vs 4.4
- Support: 3.6 vs 4.2
- Licensing and openness: 1.5 vs 2.6
- Contests
- Desktop app
- More ways to pay: E-wallets, Local payment methods
- More to trade: Shares, ETFs
What we think of IQcent
IQcent suits very small trades or copying others, but the variable minimum, card fee and lack of oversight keep it near the bottom.
Not for you if: You pay by card or want a regulator behind you
7. BinaryCent
3.0/5When it fits better
Pick it for weekly contests if you can deposit USD 250 or more.
- Lowest deposit
- $250 vs $10
- Top payout
- 95% vs 95%
- Good for
- Experienced traders who want weekly contests
Compare in full with IQ OptionClose comparison
BinaryCent and IQ Option by the numbers
— BinaryCent IQ Option (what you use now) Lowest deposit $250 $10 Lowest trade $0.10 $1 Top payout 95% 95% Win rate to break even 51.3% 51.3% Smallest withdrawal $20 $2 Practice balance No $10,000 What you can trade 160+ 300+ Trade durations From 5 seconds 60 seconds – 1 month Pay-out speed Faster on higher levels Up to 3 working days, often less BinaryChooser score 3.0/5 4.0/5 What BinaryCent adds
- More ways to pay: Crypto
What you lose
- Platform and apps: 3.8 vs 4.8
- Costs and minimums: 2.9 vs 4.2
- Payment options: 3.7 vs 4.4
- Support: 3.6 vs 4.2
- Licensing and openness: 1.5 vs 2.6
- Desktop app
- More ways to pay: E-wallets, Local payment methods
- More to trade: ETFs
What we think of BinaryCent
BinaryCent is for experienced traders with a bigger budget who want contests. The entry cost, bonus rules and lack of oversight put it last.
Not for you if: Your budget is small or you dislike bonus rules
8. Exnova
3.5/5When it fits better
Pick it for shares and ETFs on a well-built platform from USD 10.
- Lowest deposit
- $10 vs $10
- Top payout
- 90% vs 95%
- Good for
- A full-featured platform on a small budget
Compare in full with IQ OptionClose comparison
Exnova's platform with a 5-second Blitz trade on an OTC asset, 82% payout and Higher/Lower buttons. Exnova and IQ Option by the numbers
— Exnova IQ Option (what you use now) Lowest deposit $10 $10 Lowest trade $1 $1 Top payout 90% 95% Win rate to break even 52.6% 51.3% Smallest withdrawal $10 $2 Practice balance $10,000 $10,000 What you can trade 250+ 300+ Trade durations 1 minute – 1 hour (fixed-time); free choice on digitals 60 seconds – 1 month Pay-out speed 1–3 working days per the platform; complaints of delays Up to 3 working days, often less BinaryChooser score 3.5/5 4.0/5 What Exnova adds
- More ways to pay: Crypto
What you lose
- Platform and apps: 4.2 vs 4.8
- Payment options: 3.8 vs 4.4
- Support: 3.6 vs 4.2
- Licensing and openness: 2.0 vs 2.6
What we think of Exnova
Exnova offers a modern, cheap platform with many instruments. No public licence, a short history and withdrawal complaints keep it behind the established names.
Not for you if: You need a licensed firm or an outside complaints route
More Exnova screenshots
Exnova's home page with the USD 10 minimum and free demo. 
Awards shown by Exnova: they come from trade magazines and are not a licence. 
9. Quotex
3.7/5When it fits better
Pick it for the highest advertised payouts and a long list of coins for deposits.
- Lowest deposit
- $10 vs $10
- Top payout
- 98% vs 95%
- Good for
- High advertised payouts and crypto deposits
Compare in full with IQ OptionClose comparison
Quotex's trade panel: 1-minute timer, USD 1 stake, 60% payout on USD/JPY and Up/Down buttons. Quotex and IQ Option by the numbers
— Quotex IQ Option (what you use now) Lowest deposit $10 $10 Lowest trade $1 $1 Top payout 98% 95% Win rate to break even 50.5% 51.3% Smallest withdrawal $10 $2 Practice balance $10,000 $10,000 What you can trade – 300+ Trade durations From about 1 minute; varies by asset 60 seconds – 1 month Pay-out speed Depends on method; reviewers report a few days Up to 3 working days, often less BinaryChooser score 3.7/5 4.0/5 What Quotex adds
- More ways to pay: Crypto
What you lose
- Payment options: 4.0 vs 4.4
- Support: 3.5 vs 4.2
- Licensing and openness: 2.1 vs 2.6
- Contests
- Desktop app
- iPhone app
- More ways to pay: E-wallets, Local payment methods
- More to trade: ETFs
What we think of Quotex
Quotex is quick to start and its advertised payouts are among the highest, but it has no licence, a shifting company structure and official warnings, including from Pakistan. If you use it, decline the bonus, deposit little and test a withdrawal first.
Not for you if: You want a licensed platform or a bonus without heavy volume rules
More Quotex screenshots
Quotex's home page with real and demo account buttons. 
Quotex's cashier with the USD 10 minimum, promo code field and tiered bonuses. 
Quotex sign-up: email, password, account currency and age confirmation. 
10. Stockity
3.5/5When it fits better
Pick it for a no-frills screen and USD 1 trades.
- Lowest deposit
- $10 vs $10
- Top payout
- 90% vs 95%
- Good for
- Beginners who want a very simple screen and small trades
Compare in full with IQ OptionClose comparison
Stockity's web platform and app with a USD 10,000 demo balance. Stockity and IQ Option by the numbers
— Stockity IQ Option (what you use now) Lowest deposit $10 $10 Lowest trade $1 $1 Top payout 90% 95% Win rate to break even 52.6% 51.3% Smallest withdrawal $10 $2 Practice balance $10,000 $10,000 What you can trade 48–75 (by account level) 300+ Trade durations 5 seconds – 60 minutes 60 seconds – 1 month Pay-out speed Depends on method and account level Up to 3 working days, often less BinaryChooser score 3.5/5 4.0/5 What Stockity adds
- More ways to pay: Crypto
What you lose
- Platform and apps: 4.1 vs 4.8
- Payment options: 3.9 vs 4.4
- Support: 3.8 vs 4.2
- Licensing and openness: 2.0 vs 2.6
- Contests
- Desktop app
- More ways to pay: Local payment methods
- More to trade: Indices, ETFs
What we think of Stockity
Stockity is easy for small first trades, but its licence claim is unverified, its best terms need more money and withdrawals are capped. Practise on the demo, deposit the minimum and test a withdrawal early.
Not for you if: You want a verifiable licence or large withdrawals
11. Binolla
3.4/5When it fits better
Pick it if you fund with crypto and only trade currency pairs.
- Lowest deposit
- $10 vs $10
- Top payout
- 92% vs 95%
- Good for
- Crypto users who want high payouts on currency pairs
Compare in full with IQ OptionClose comparison
Binolla's platform with a 1-minute EUR/USD trade and the open trades panel. Binolla and IQ Option by the numbers
— Binolla IQ Option (what you use now) Lowest deposit $10 $10 Lowest trade $1 $1 Top payout 92% 95% Win rate to break even 52.1% 51.3% Smallest withdrawal $10 $2 Practice balance Yes $10,000 What you can trade – 300+ Trade durations From 5 seconds (scalping) to fixed-time trades of minutes 60 seconds – 1 month Pay-out speed Depends on method; crypto is usually quickest Up to 3 working days, often less BinaryChooser score 3.4/5 4.0/5 What Binolla adds
- More ways to pay: Crypto
What you lose
- Platform and apps: 4.0 vs 4.8
- Payment options: 3.6 vs 4.4
- Support: 3.6 vs 4.2
- Licensing and openness: 2.0 vs 2.6
- Desktop app
- iPhone app
- More ways to pay: Cards, Local payment methods
- More to trade: Crypto, Commodities, Shares, Indices, ETFs
- Markets where IQ Option accepts you and Binolla doesn't: 1
What we think of Binolla
Binolla is reasonable for crypto users who want high payouts on currency pairs, but the licence is offshore, the history short and cards aren't accepted. Start small and test a withdrawal.
Not for you if: You want to pay by card or trade shares and commodities
More Binolla screenshots
Binolla's home page with real account and demo buttons. 
Binolla sign-up: email, password, age confirmation and declaration of not being a US resident.