Short answer
IQ Option is ahead on our score, 4.0/5 against 3.7/5 for Binomo.
IQ Option fits: Experienced traders who want detailed charts and a desktop app
Skip IQ Option if: You trade rarely (dormant fee) or withdraw several times a month
Binomo fits: Beginners who enjoy contests and small stakes
Skip Binomo if: You want trades longer than an hour or a regulator behind the platform
Score by score
IQ Option 4.0/5
- Platform and apps4.8
- Costs and minimums4.2
- Payment options4.4
- Support4.2
- Licensing and openness2.6
Binomo 3.7/5
- Platform and apps4.2
- Costs and minimums4.3
- Payment options4.4
- Support4.0
- Licensing and openness2.3
How the two sites look
IQ Option and Binomo in brief
IQ Option (2013). IQ Option was founded in 2013 and wrote its own platform. Besides fixed-time trades it offers digital options, where you pick a strike and the payout rises the further away it is, and CFDs on currencies, shares, crypto and ETFs.
Binomo (2014). Binomo has offered short fixed-time trades since 2014, aimed at beginners in Asia, Africa and Latin America, with a game-like screen and frequent contests.
Licence and safetyBetter here: IQ Option
Neither IQ Option nor Binomo is authorised by a leading regulator or by any regulator in Asia. Both run through offshore companies, so there is no compensation fund and no local authority to complain to.
Official warnings and alert-list entries we found: IQ Option 3, Binomo 1.
| What we compare | IQ Option | Binomo |
|---|---|---|
| Licence | Only its EU company holds a CySEC licence, and it sells no options. Options come from an unregulated offshore company. | No government regulator. Dolphin Corp LLC in St Vincent and the Grenadines runs it; it is a Financial Commission member. |
| Official warnings we found | CVM, MAS, RBI | RBI |
| Dispute body | No outside dispute body | Member of The Financial Commission (private dispute body) |
On licensing and openness IQ Option scores higher (2.6 vs 2.3).
Entry cost and chargesBetter here: Binomo
Both ask for the same first deposit: $10. The smallest trade is $1 on IQ Option and $1 on Binomo.
| What we compare | IQ Option | Binomo |
|---|---|---|
| Lowest deposit | $10 | $10 |
| Lowest trade | $1 | $1 |
| Charges | Dormant account fee after 90 days; overnight charges on CFDs | No pay-in or pay-out fee listed; bonuses carry volume rules |
| Pay-out charges | One free withdrawal a month; further ones reported at 2% (USD 1 min., USD 30 max.) – check current terms | None listed |
| Dormant account fee | About 10 USD/EUR a month after 90 days without trading | Check the current terms |
| Bonus | No bonus confirmed in the sources we checked | Deposit bonuses with volume rules |
Payouts and the win rate you needBetter here: IQ Option
IQ Option advertises the higher top payout (95% vs 90%), which cuts the win rate you need to break even from 52.6% to 51.3%.
| What we compare | IQ Option | Binomo |
|---|---|---|
| Top payout | 95% | 90% |
| Win rate to break even | 51.3% | 52.6% |
| Note | 95% is the advertised top; gold paid 86–88% at busy hours and 78–82% at quiet hours when checked | 90% is the advertised top on selected assets |
Top payouts apply to a few assets at the busiest hours. Look at the payout on the trade ticket before you open a trade; it is often lower.
Platform and phone appsBetter here: IQ Option
IQ Option. The platform is the main reason to choose IQ Option: several charts at once, a full set of indicators and the same layout in the browser and the desktop app.
Binomo. A fast browser platform: chart, stake, timer and an up or down button, with contests and achievements alongside.
| What we compare | IQ Option | Binomo |
|---|---|---|
| Platform | Browser, Desktop app, Android, iPhone | Browser, Android, iPhone |
| Android | Yes | Yes |
| iPhone | Yes | Yes |
| Extras | In-house platform, Strong charts, Desktop app | Account levels, Contests, Easy layout |
Instruments and trade durations
| What we compare | IQ Option | Binomo |
|---|---|---|
| Instruments | 300+ | – |
| Markets | Currencies, Crypto, Commodities, Shares, Indices, ETFs | Currencies, Crypto, Commodities, Shares, Indices |
| Trade durations | 60 seconds – 1 month | 1 minute – 1 hour |
Paying in and cashing outLevel
IQ Option. Verification must be complete, and money usually returns to the deposit method first. The help centre lists processing times; your bank or wallet adds its own.
Binomo. USD 10 minimum; speed depends on your level, with VIP first.
| What we compare | IQ Option | Binomo |
|---|---|---|
| Pay-in methods | Cards, E-wallets, Local payment methods | Cards, E-wallets, Crypto, Local payment methods |
| Pay-out methods | Cards, E-wallets, Local payment methods | Cards, E-wallets, Crypto, Local payment methods |
| Smallest withdrawal | $2 | $10 |
| Pay-out speed | Up to 3 working days, often less | Faster on Gold and VIP |
Practice accountLevel
Both have a free practice account, so you can try the two platforms with virtual money before depositing.
| What we compare | IQ Option | Binomo |
|---|---|---|
| Practice balance | $10,000 | Yes |
| Try without signing up | – | – |
SupportBetter here: IQ Option
| What we compare | IQ Option | Binomo |
|---|---|---|
| How to reach support | Live chat, Email, Phone, Help pages | Live chat, Email, Help pages |
| Support | 4.2/5 | 4.0/5 |
Which markets they acceptLevel
IQ Option accepts residents of 18 of the markets we cover, Binomo of 18.
Strengths and weak points
IQ Option
- +Best platform: browser, Windows and macOS app, Android and iPhone
- +Digital options with a strike price you choose, plus CFDs
- +Running since 2013
- +Detailed charts and a fast interface
- −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
Binomo
- +USD 10 deposits and USD 1 trades
- +Easy screen with daily contests
- +Many local payment methods in Asia
- +Category A member of The Financial Commission
- −No public regulator; company in St Vincent and the Grenadines
- −On the Reserve Bank of India's Alert List
- −Trades last at most one hour
- −Better payouts and faster pay-outs only on Gold and VIP
So, IQ Option or Binomo?
IQ Option is better in 4 of 7 categories here. IQ Option is ahead on our score, 4.0/5 against 3.7/5 for Binomo.
Our choice: IQ Option
IQ Option fits: Experienced traders who want detailed charts and a desktop app
Whichever you pick, practise on the demo first, keep the first deposit small and withdraw part of it before adding more. Binary options are high-risk and most retail accounts lose money.
Quick answers
IQ Option or Binomo: which is better?
IQ Option is ahead on our score (4.0/5 vs 3.7/5). IQ Option fits: Experienced traders who want detailed charts and a desktop app. Binomo fits: Beginners who enjoy contests and small stakes.
Which needs a smaller deposit, IQ Option or Binomo?
Both ask for the same first deposit: $10.
Which pays more, IQ Option or Binomo?
IQ Option advertises the higher top payout (95% vs 90%), which cuts the win rate you need to break even from 52.6% to 51.3%.
Does any regulator supervise IQ Option or Binomo?
No leading regulator and no Asian regulator licenses either of them. Both work through offshore companies, so your money has little protection.
More comparisons and guides
- Pocket Option vs IQ Option
- Pocket Option vs Binomo
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- IQ Option vs IQcent
- IQ Option vs BinaryCent
- IQ Option vs Exnova
IQ Option review →Binomo review →Is IQ Option legit? →Is Binomo legit? →
