The Best Binary Options Broker 2020!
Perfect For Beginners and Middle-Leveled Traders!
Free Demo Account!
Free Trading Education!
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Good Broker For Experienced Traders!
7 Binary Options
It is not often that we get to review a broker from Australia, so we are excited to take a look at HighLow, an up and coming binary options broker that is based there.
One of the things that make HighLow an excellent binary options trading alternative is the fact that it’s a regulated broker. They also offer their services in several places around the world including Australia, Europe, Africa and the Middle East.
Unfortunately, USA binary options investors cannot use the services offered by this broker, however, for US traders we have Binary Option Robot or BinaryCent. The HighLow broker also features a trading platform that is super easy to navigate and to use.
These are important features when placing trades and learning about binary options trading. In addition, the HighLow website is well designed, unlike many others that are cluttered with a lot of useless information.
HighLow staff ensured us different promotions are nothing out of the ordinary in their company so future traders can expect a lot of goodies. Current promotion includes up to $50 cash-back on the first trade.
Online since: 2020
Max Returns: 90%
Minimum Deposit: $10
Minimum Investment: $10
Maximum Investment: A$ 1000
Currencies: USD, AUD
Countries: All but US
– It is an innovative and forward thinking company
– They offer a large variety of option choices including advanced options
– Traders have a little more control over their trades than can be found on some other web brokers sites
– Outstanding Demo Account
– Low minimum Deposit
– Convenient mobile app
– $50 Cashback Offer
– It cannot be used by USA traders
7 Binary Options Rating:
HighLow is a brand of HighLow Markets Pty Ltd, an Australian company, holding an Australian Financial Services License, number 364264. As we have said before, regulated brokers offer several distinct advantages over non-regulated brokers when it comes to transparency and how they manage the money that is deposited by traders through the web broker.
Regulation also establishes a set protocol for complaints and requirements for insuring funds, just like a national bank does.Since it is an Australian site, those who favour trading in Australian dollars will not lose money on the rate exchanges to other currencies.
Sign Up and Trading Platform
The sign-up incentives on HighLow are above the standard offerings in the industry. They are currently offering a $50 cash-back on the first trade to all new traders that sign up with them. The sign-up process to trade with HighLow is relatively straightforward and uncomplicated.
One of the best features of the HighLow web broker is the large variety of option choices that this website provides. They include some advanced and potentially profitable options. Traditional options typically pay as much as 200% returns, while the more advanced option types, pay up to 100% return on investments on successful trades. These are exceptional returns when compared to other binary option website payouts.
When reviewing the HighLow brokerage site, we also found that not only does the expiration time impact the trade, but the spreads on the trades also give the investor a little tighter control over the outcome of the trade; this is a really beneficial feature for the trader.
The Best Binary Options Broker 2020!
Perfect For Beginners and Middle-Leveled Traders!
Free Demo Account!
Free Trading Education!
Get Your Sign-Up Bonus Now!
Good Broker For Experienced Traders!
Another outstanding feature is HighLow’s demo account. This is one of the easiest and most effective ways to learn how to trade binary options if you are new to this type of trading. It even helps veteran traders learn the platform when they first start trading with HighLow. The creative team at HighLow have incorporated the demo mode into the site so you don’t even have to sign up in order to use the demo services. When you first join the site, you will be given $10,000 of practice money to use with the demo account.
HighLow Website & Platform Overview
The eye-catching yellow-orange and black color scheme of the HighLow website is nicely laid out and immediately gives a professional look. On the homepage, you will find information about the types of binary options assets you can trade, the option types available, and the sign-up bonus. The transient screen also displays information about the distinctive features of the site.
HighLow’s website uses MarketsPulse as a trading platform, providing its customers with a smooth and hassle-free experience. They’ve also partnered with a data streaming company, Leverate, which provides safety and security for clients’ data. Also, the Trader’s Choice option on the platform activates after four executed trades and this provides real-time market sentiment of the traders online.
Taking a closer look at the assets, each one comes with a price chart and payout option alongside the trading time window. The 80+ assets available for trading include: precious metals like gold, a few stock indices (HKG33, UK100, US30, JPN225, and AUS200), and several currency pairs (including the most popular, EUR/USD, along with others like USD/JPY and EUR/GBP).
Highlow’s Platform allows you to place your trades easily
Navigating the site is a breeze. The creators have maintained simplicity and they have provided easy access to information including the broker’s FAQs, opening a demo or live account, choosing your preferred language (English or Japanese), as well as operational information on executing trades using their platform.
HighLow also allows traders to easily execute demo trades with one-click access…without even requiring your registration with the site! So, if you’re interested in trying out HighLow, then definitely take advantage of their demo feature (whether you register or not), particularly if you’re a new trader who has always wanted to practice trading with virtual money, before risking any real money.
Payout Percentages & Types of Trading
On the first tab of the HighLow platform, you can choose the normal High or Low trading option. This option gives you a payout of up to 200% of your invested amount on a winning trade, which is definitely among the best trade payouts in the binary options industry. So, by purchasing an option for the lowest investment amount ($10), you will receive a $9 profit payout if you win the trade.
HighLow provides several quick expiry options for those who prefer fast-paced trading. You can choose 30, 60, 180 (3 minutes), or 300 seconds (5 minutes) for short-term trades. You also get to enjoy the option of profiting on spread trading various assets, which can give you payouts of up to 100%. (More advanced options offer payouts of up to 200%).
HighLow is offering it’s users a 50USD cashback on signup
The spread binary options, combined with the short-term or turbo trade options, allow traders to diversify their trading portfolios and to trade a variety of expiry times.
HighLow also places limits on the maximum amount of money you can invest per trade and the exposure you can take at any given time. Other platforms tend to have lower restrictions with regard to this, so it’s something to keep in mind.
Regulation for HighLow
HighLow is regulated by ASIC, Australia’s regulatory body
Very few brokers available in this industry are actually regulated. You will find plenty of binary options brokers worldwide who don’t answer to any regulatory body, or who face some loose criteria that allows them, with very little capital, to open a brokerage company.
As a result of a lack of funds and the need to quickly raise capital, many unregulated brokers quickly succumb to the temptation of using traders’ funds and other shady tactics in order to run their business.
In some cases, some brokers are simply fly-by-night operations which are designed to take your money and run. Or, at the very least, they will make it impossible for you to withdraw your funds upon request…assuming you have any left to withdraw from your account.
The country of Australia is unique in that it’s especially difficult to find a brokerage company based there who has an official license. This is thanks to requirements of the official regulatory body, the Australian Securities and Investment Commission (ASIC), in order to be recognized as a regulated broker.
Not only does HighLow meet the threshold for meeting these regulations (making it a legitimate broker), but it offers traders some of the best protection in the binary options industry. With their license (number 364264) under the ASIC, this binary options brokerage company has had to meet certain criteria, such as:
- Separating trader funds into a client money trust account with the National Australia Bank, an AA-rated bank;
- Possessing large insurance policies for trader protection in case the company goes bankrupt;
- Requiring staff members to have certification and training to give members informed advice;
- And having directors and other key personnel with years of trading experience.
In addition, experts advise against using the advice of your broker to make trading decisions. Thanks to the ASIC, HighLow will only offer advisory services to its traders within the regulatory requirements and this is only provided by trained staff members.
The company also does not have automated trading capability, so you will need to use a trusted signal service, or your own trading method, in order to execute binary options trades manually.
HighLow Trading Software and Assets
We are really impressed with the interface on the HighLow web platform:
- It is among the most user-friendly platforms we have ever tested.
- The site is laid out in an easy to read manner yet it still contains a wealth of informative and important information.
- The option choices are displayed in what the website refers to as the ‘binary options carousel’; this format makes it really easy to sort through and to select from the many available options choices.
The traditional High/Low option is offered, of course, with this being the name of the web broker as well. Under the Quick Facts section, you will see that the typical returns on investment are as high as 200%, with some more exotic options offering returns of up to 100%, These return on investment offered by HighLow, are among the highest returns on investment among other binary options brokers in the industry.
Trading can be done by investing as little as $10 per trade. This is great if you are just starting out and don’t want to risk a lot of money until you have learnt more about how to trade. The broker also caters to traders that enjoy fast trading, with short expiry times and they offer 30 second, 60 second, 180 second (3 minute) and 5-minute expiration times.
The ‘option on demand ‘feature makes trading highly flexible and is a favourite for those investors who like to take advantage of short term patterns and other specific dynamics of the trading environment.
Another type of binary option that is offered on the website is FOREX Spread High/Low Trading. Spread trading is ideal for those investors that like to trade in a high risk and high reward type environment. Return on investment with this type of option can be 100% or higher.
HighLow also offers access to world class data streams:
- These services are provided by a well-known company called Leverate MarketsPulse
- It is also an extremely safe and secure web platform
- There is a Traders Choice indicator which also helps the investor to gauge current market sentiment
- The Traders Choice feature will appear after 4 trades are executed and will constantly update, depending on the expiration times that are chosen
- This feature can conveniently be turned on or off
There is also a convenient mobile app that can be downloaded to your smart phone or other smart device. This a great feature that offers flexibility and convenience to those that are limited in the amount of time they have to trade in front of their computers.
Customer Support and Services
During our testing of the HighLow support, we found their customer service to be responsive and professional. They offer service that is well beyond that which is required by the regulations they fall under. It is really impressive when a website goes the extra mile in order to take care of their investor’s questions and concerns. An internet search revealed many positive reviews of the HighLow website. Even their highly informative FAQ section is outstanding.
The best way to access customer support for the broker is by using e-mail. They answer your questions and concerns quickly as long as the question you have is not thoroughly covered in the FAQ section; we did not have a problem with this because their FAQ section is laid out so well and is easy to understand.
While we were initially surprised by the fact they do not offer live chat support, their phone support is a more than adequate replacement for this feature. Contact with Customer Support can be done in both Japanese and English.
How to Trade Binary Options With Highlow: a Video Guide
Neteller and credit cards seem to be the preferred methods for transactions with this binary options web broker. The minimum deposit for both is a low $50; one of the lowest deposit amounts in the industry. The minimum deposit for bank wire transfers is an extremely low $10. Transactions are simple and done in an encrypted environment for security purposes.
Please also note that:
- HighLow is one of the very few binary options web brokers that offer instant withdrawals in most cases
- They do charge a 2% transaction fee for withdrawal services but again, this is lower than the average throughout the industry
- The minimum withdrawal amount is $50 in most cases
- Bank transfers can be used for withdrawals and take approximately 1 to 3 days for the money to reflect in your account
- Credit cards cannot be used to withdraw funds
Customer funds are kept segregated for security purposes and safekeeping. The commonwealth of Australia has strict rules regarding banking and all trader funds are placed in a trust account with the National Bank of Australia.You can have peace of mind that your funds are secure with the HighLow web broker.
What Do We Think
There are many unique features that can be found on the HighLow website and this innovative site is a little bit of fresh air when it comes to trading binary options.
The number of option choices is outstanding and their free demo account is the icing on the cake. We have no problems at all recommending HighLow and encourage all traders to go ahead and try out this broker.
Customer Service: Email: [email protected]
Languages: English, Japanese
Trading Options: High / Low, Option Builder, Range Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: No
Expiry Times: 60 second, 2minutes, 5minutes, 15 minutes, 1 hour and End of Day
Deposits and Withdrawals: Visa, Mastercard, Amex, Bank Wire, Neteller
Withdrawal Time: 1 day
Demo account: Yes
HighLow Broker Review 2020
HighLow is an interesting and regulated binary options broker. Our decision to review this broker is driven by the fact that we feel that is an excellent opportunity that traders in Asia, Middle East, Africa, Australia and Europe can take advantage of. US traders are, however, unable to trade with HighLow, but they are always free to use other brokers with support for US trading.
The HighLow website is intuitively designed, making it easy to use and it doesn’t overwhelm users with lots of information streaming. The main focus of the website is on binary options trading services. With an excellent trading interface, you are bound to have a lot of fun with it, just as we did, when we were doing a HighLow review. If you are interested in knowing the various terms and options of this binary broker service, be sure to read the rest of the HighLow review.
HighLow Account Features
HighLow is owned by RCTM – an Australian based company with Australian Financial Services License Number (ASIC) 364264. Some of you may wonder why we consider regulated status a review when reviewing this service. The response to this is straight forward, and it is because a regulated broker is required to ensure more customer protection facilities such as compliance to a state customer protection agency, definite protocols in case of complaints, segregated funds, ensuring customer deposits and much more.
It is thus a nice opportunity for traders who prefer trading with AUD to join and benefit from the additional perks that HighLow is currently offering. The staff at HighLow has various unique promotions which are great benefits to both present and future customers. For instance, there is a $50 cash back promotion on your first trade.
Again, the product itself can be considered as a special feature. In the past, we have always discussed such topics in our Software and Assets review section, but for HighLow review, we had no option but to make a brush at the advanced binary options types it has in store for you. It is possible for a trader to achieve up to 100% and more with HighLow and 200% and above with the on-demand options. You will also be pleased to know that with HighLow, it is not only the expiry time that matters, but also the spreads allow traders to have greater control of the outcomes of their trades.
You are free to test these and many other amazing features without any hassles or even the need to make a deposit since HighLow offers a demo account, which operates on the demo mode for the entire website. It also doesn’t limit the amount of time you can be on the HighLow demo and you get up to a maximum of A$10,000 virtual currency to play around with on the demo account.
HighLow Trading Software
The High Low trading interface is one of the most intuitive and friendliest ones you will ever come across. The trading is also designed in such a manner that it just flows. You will find the binary options types at the top of the bar, with the second row having the preferred expiry times. The binary options presented are in a feature known as binary options carrousel and this makes it possible to browse easily and with great access to the most important information available. We found this feature to be very convenient when we were doing our trading for the HighLow review. One of the first options that users can choose is the traditional, digital, high and low binary options.
With HighLow trading, traders are able to realize up to 90% ROIs with these instruments, and this can happen irrespective of the amount deposited, starting from as little as A$10. This is without any doubts the highest possible returns available in the industry for such kinds of instruments.
The first binary option is also possible with HighLow for the traders who prefer such. All they need to do is to choose the “Options on Demand” tab with expiries of 5 minutes, 90 seconds or 60 seconds. During the HighLow review, we discovered that Options on Demand can sometimes be very versatile and flexible at the same time. It can work well for traders who like taking advantage of short term patterns as well as some dynamism in their trading environment.
Forex type spread high-low trading is the second type of binary option available with HighLow broker. Spread trading is ideal for investors with high-risk appetites but also keen on getting returns of up to 100% and above. Spread on demand options can make traders feel more adrenalin rush when they decide to shorten the expiry times.
One of the benefits of working with regulated brokers is that they have secure first class data streams which cannot be easily manipulated. The other interesting feature is the Trader’s choice of the indicator at HighLow used for assessing the market sentiments. We were able to find out how the indicator works during our HighLow review. The feature is located on the left side of the trading window and it continually avails updates on the market sentiments.
After four trade actions, Trader’s Choice will appear and it will be updated every one minute for 15-minute options, five minutes for the hourly options and every 15 minutes for the daily options. A trader may decide to hide or show the feature and in this manner, they will be sure it is coming from the choices being made by their colleagues.
HighLow broker also has a Smartphone app on the go, making trading success to be just a few touches away. The HighLow mobile app is available for both android and iOS devices.
HighLow Support Information
Our HighLow broker review confirmed to us that the customer care service is indeed available. This is not just because it is a regulated broker, hence, must have a clear channel of communication in case of complaints. But it is because the process is unnecessary since HighLow has a rich FAQ section which goes into great details to give explanations for most of the potential concerns any customer may need the support staff for.
Should there be the need for a customer to contact the support, they can do so via email, which has been given priority over the other channels. There is also a phone contact for traders who are in a hurry or need to contact support urgently. It is, however, disappointing to note that there is no live chat for support with HighLow.
The broker supports Japanese and English and accepts traders from all over the globe, with the United States being one of the exemption.
Tip: Trade with reputable and regulated brokers on FX-Advisor.
HighLow a good one binary options broker review
вњ… This Trading Platform is available in United States
Everyone will agree that it is rarely possible to see a binary broker that is based Australia, though a topic of binary options is at the top financial life of the world for a years. Therefore, this fact gives the uniqueness of the online brokerage firm HighLow. The broker belongs to HighLow markets PTY Limited. This broker was launched online in 2020 and is a fully regulated brokerage firm. Also important is the fact that in addition to the regulation by the Australian securities Commission and investment. It accepts traders from all over the world. If you want to try your hand at the Australian platform, click the button вЂњstart tradingвЂќ at the bottom of the review to go to the official web-site of this broker.
So, if you are in search of a fully regulated brokerage firms that offer advantageous bonuses, then you should definitely pay attention to HighLow. Regarding the web-site, it is built on the platform of Markets Pulse. It which is satisfied with the stability of its work. Selecting the broker, you will also be asked to open a virtual Demo account with virtual $10 000 Australian dollars. Also, to start trading you need to Fund your trading account for just $10. Everyone should try their hand with this broker, since many brokers request a minimum deposit amount which is much higher than the HighLow.
Trading Platform – HighLow
Minimum deposit – $50
Minimum investment – AUD $10, USD $10, GBP ВЈ10, EUR в‚¬10
Maximum investment – AUD $2,000, USD $2,000, GBP ВЈ1,000, EUR в‚¬1,500
Maximum Position per Option – AUD $50,000, USD $50,000, GBP ВЈ50,000, EUR в‚¬50,000
Maximum Exposure per Account – AUD $150,000, USD $150,000, GBP ВЈ150,000, EUR в‚¬150,000
Welcome Bonus – Yes
Demo account – Yes
Trading instruments – Binary option (HighLow, HighLow Spread, Turbo, Turbo Spread)
Number of assets – 23 (currencies, gold, indices)
Deposit replenishment – Plastic cards Visa and MasterCard, NETELLER,
Supported Languages – English, Japanese, Korean
Apps – Online (PC, Mac browser), Smartphone app, Desktop app
REGISTRATION AND TRADING ACCOUNT FROM HighLow
Unfortunately or fortunately, HighLow offers only virtual and the real trading accounts.
This broker offers to open a trading account in a demo mode with a virtual sum of 10,000 AUD. Therefore, you can easily hone your trading skills without risking real money. We have to note the difference Demo account from similar accounts of competitors, which is the simplicity and ease of use. All this because completely no tedious user registration process. Also there is no need to start trading with investing real money. We do not know whether the period for which you can use a demo account.
If you decide to open a real account, then you will need to complete a short registration. You can simply fill in the field to enter the name and surname, e-mail and password from the user account, and choose from the list your country and currency to create, account. Minimum deposit live trading account will be $50. After which there will be one additional entry information about the date of birth and physical address of the user.
HIGHLOW BASIC ASSETS
HighLow offers to start trading from the following groups of assets:
вЂў currency pairs: AUD/JPY, AUD/NZD, AUD/USD, CAD/JPY, CHF/JPY, EUR/AUD, EUR/GBP, EUR/JPY, EUR/USD, GBP/AUD, GBP/JPY, GBP/USD, NZD/JPY, NZD/USD, USD/CAD, USD/CHF, USD/JPY.
вЂў precious metals: GOLD
вЂў 7 indices: AUS200, JPN225, HKG33, GER30, FRA40, UK100, US30.
! But given the fact that the platform continues to grow, we can safely assume that the new assets will be added soon.
HIGHLOW TRADING CONDITIONS
You are allowed to trade using the following currencies: AUD, USD, GBP and EUR. The minimum trade amount is 10 currency units, depending on the currency of the trading account. The maximum transaction size is $2000 AUD, $2000 USD ВЈ1000 GBP and в‚¬1,500 EUR. Maximum the option position is $50,000 AUD, $50,000, ВЈ50000 GBP and в‚¬50000 EUR. Regarding the maximum risk on the account, the amount reaches $150000 AUD, $150000 USD, ВЈ150000 GBP and в‚¬150000 EUR.
Speaking on the trade types of options from this broker, the trader is asked to select from such a groups of binary options like HighLow, Spread HighLow, Spread Turbo and Turbo:
вЂў Spread HighLow is used in case expectations of large market fluctuations in the price of the underlying asset. In case of success the expected return can reach 200% of the investment amount. This type of binary options uses the range of prices of purchase and sale, which is a standard method of market prices on the Forex market.
вЂў High/Low option is a type of binary option that is suitable for the trader interested in short-term trades, in other words transactions with a very small fluctuations of asset prices. Payments here will vary in the range of 175%-190% of the invested amount.
вЂў Turbo Option on demand provides that the trader is free to choose the time frame of transactions. The investor can also choose the period of expiry ranging from 60 seconds to 5 minutes. In fact, it is quite flexible range, providing more comfort in managing the trading process and relevant to any wishes of the investor.
вЂў Spread Turbo – like Spread HighLow uses the range of prices of purchase and sale that allows traders to make most of the trades with large price fluctuations in the market. Using this tool the investor is free to start trading when it would be most convenient, as well as in the case of waiting for the maximum profit from the transaction.
Broker HighLow provides to all registered users a welcome bonus of $50. In other words, creating a free account, the trader relies instant cash refund of $50 after the first transaction. Also, the agreement provides for the implementation of fast and secure payouts of up to 200% of the initial investment of the trader.
INPUT AND WITHSDRAW OF FUNDS HighLow
HighLow does not charges any fees when depositing and withdrawing money from your credit card or Neteller. When withdrawing with credit cards and Neteller will be charged a fee of 1.5% of the withdrawal amount.
Broker HighLow a withdrawal occurs instantly when using Neteller, as well as requests for withdrawal from the Bank account within 2 hours, if you withdraw money via Bank transfer to the user account from 1-3 business days.
The minimum withdrawal amount for Bank transfers is equal to AU$10, or 50 (US$/в‚¬/ВЈ) for other currencies on the Bank transfer and $50 via Neteller. Withdrawals with credit card are processed instantly, in the amount of at least $50 (AU$/US$/в‚¬/ВЈ). The maximum amount of withdrawals – $10,000 per day.
If the trader wants to withdraw funds in the amount of less than $50 (US$/в‚¬/ВЈ). It will be possible only if the closure of the account. The trader is also available to withdraw funds in the amount of less than $10 AUD to the bank account. Therefore, if a trader wants to close his trading account, he should contact the support broker.
TRADING PLATFORM HighLow
HighLow is really great platform which suggests a friendly relationship with the traders, where everyone will be able to easily hone trading skills by using Demo account. Significant difference of this account from the competition, is its undeniable ease of use. Fact is no tedious registration process, without the risk of losing real money in the trading process. HighLow is pretty stable, it was built on the platform of Markets Pulse.
If you are looking for a simple trading platform, excesses of trading options, then you should take a look on HighLow trading platform. Because the broker has in its arsenal only two trading options: high/low trade (where payments on successful trades up to 100%) and high/low spread (with payout – 200%). It is predominantly higher than that offered by many binary other competing brokers.
The duration of the program will be a short period of time with a maximum period of 24 hours. The following options are available expiry: 30 seconds, 60 seconds, 3 minutes, 5 minutes, 15 minutes and 1 hour. Using these options the trader gets a better control over the trading process and its results, in addition it has the ability to easily and quickly enter and exit trades. Convenient and intuitive interface design allows you to quickly navigate and comfortably make the trade the trader.
Traders are offered two sections: вЂњPlatform Walk-throughвЂќ and вЂњVideo trainingвЂќ. In the first section, everyone can try the platform HighLow for its usability, functionality and performance. The second section includes videos broken down into two logical categories. These videos report the basics of binary options trading offered by HighLow and basic concepts of the trading process in general.
CUSTOMER SUPPORT FOR HighLow
Originally an Australian company HighLow are now available, and the rest of the world and not just Australian and Japanese traders. And despite the fact that at the moment the official website of the broker supports only three languages (English, Japanese and Chinese). Traders from Europe, Asia, South America and Africa also have the possibility to trade on the platform HighLow. Anyone interested in trading binary options with this broker and be located outside of Australia may Deposit and withdraw money to your trading account using the electronic payment system Neteller.
Other any questions, you can contact customer service by phone and via e-mail. Also you can use online chat available on the official website. The consultants support is available from 08.00 to 18.00 Monday to Friday Eastern Australian time. But before contacting support, you should visit the FAQ section, which contains the answers to 90% of frequently asked questions.
List of the 11 Best Binary Options Brokers – Review 2020
The choice of a good Broker is undeniably one of the hardest steps to successfully trade as a beginner. My Binary Options Broker list and comparison can be very helpful here because the selection of brokers on the internet is quite large and therefore the chance to find a good broker. Find your suitable broker in a few moments in this honest review.
|Broker:||Review:||Regulation:||Min. Deposit:||Yield:||Advantages:||Open Account:|
|1. IQ Option||(5 / 5)
|CySEC (EU)||10$||up to 100%+|
Huge range of assets
High Yield 92%
High Yield 87%
High Yield 95%
Trade with cents
Huge range of assets
Binary Options is a financial instrument to trade worldwide assets with the possibility of a high return on investment. It is like betting on rising or falling markets. There are only 2 options, that is why it is called “binary”. You can win a high return of 75 – 95% in a selected time horizon or you lose the amount of your investment. It is so popular because it is a way to trade the markets very fast (5 minutes or less) and easy. I have to mention here you can trade it longterm too.
For more information about the financial product and how it works read the article: “How are Binary Options are working?”
The criteria of the Binary Option Broker Review 2020
If you looking for a good broker, you should following the next steps when you check the company. Sometimes traders get scammed by a bad and criminal broker. With this review and comparison, we try to prevent it. Furthermore, Binary Options are very risky. You only should invest money, which you can afford to lose. You can check the following criteria for finding the best company.
Criteria for a good and reliable Binary Options Broker:
- The official physical address of the broker
- Regulation or license
- Free Demo Account
- Experience in the markets
- Good support and service
- High asset profit and fast execution
- User-friendly trading platform
- A platform for mobile trading
Reliability of a broker and safety for traders
It is important to look at how long the broker has been on the market. I easy checked it on the homepage from the financial companies. A good broker provides you with all the information which you want to know. Some companies got an international regulation or license. Also, this is good for reliability. In addition to that, I checked the address of the brokers in this review. As a trader, you want to see clearly an official address of the company. At latest a trader should trust a broker. If you are not sure, just invest a less amount of money first and check the platform by yourself.
Official regulation and license are very important
High payout and asset return of investment for Binary Options
One of the most important point to consider is the asset profit. The average of the payout in this review is 75-95% for each Binary Options trade. There are differences between the brokers. Every trader wants to make a high profit in trading. If one broker got less asset profit like – 5%, this can be a huge restriction to you possible profits.
Moreover, every time the payout depends on the traded asset. Normally the broker provides the highest payout on the most traded asset. In addition, the payout can dependent on the expiration time too.
Which broker provides the highest profit?
Free and unlimited Demo Accounts are necessary for every trader
The broker should provide you with a free demo account. This is an account with virtual money. It is made to practice the financial product and to test the trading platform. You can trade Binary Options without any risk with this virtual money. It is completely free to use. Also, traders can develop new strategies or improve their trading skills. Advanced traders or beginners try to trade new assets for the best success with this account.
Open your free demo account now.
On the other hand, sometimes the broker gives its traders trading tips for analysis or strategies. The demo account is perfect for practicing that new knowledge. Trading is very complex and often it is not easy to find the right way. This is the main reason for using a demo account. Most traders gain experience first before they invest real money. With own experience, it is possible to get a high profit with trading in the right direction.
How to open your real account
The opening of a real account should be as easy as the opening of a demo account. In most cases, it is very easy and fast. The broker requires some additional documents and data of the trader to proof their personality. Upload a picture/copy of your passport. Sometimes they require a utility bill. The broker will check the documents and verify your account in less than 24 hours. Important information: The broker only withdraws full verified accounts. (Not every broker requires this documents)
What do you need:
- Data: Full name, address, birthday, phone number
- Picture/copy of your passport
- Sometimes picture/copy of a utility bill
Review of the Binary Options Brokers support and Service for traders
As a trader, you need good support and service. Most brokers are showing experience and knowledge in Binary Options. The Binary Options Brokers in this review give you the best and fastest support. According to that, they give traders sometimes a good education with webinars, videos or strategies. For beginners, it is important to learn theoretically about Binary Options. It is a risky financial product.
You can learn the basics and advanced trading knowledge in webinars with experts. The most brokers first show you the basics like functions of candlesticks and the use of technical indicators. Usually, a trading platform offers more than 30 different indicators. Sometimes it is hard to find a good working strategy with them. In addition, they give you some advanced knowledge and information to rule the markets. Most brokers offer you a better education if your deposit is higher (see account types).
Another option of service is account types. For big traders with high deposits and high trading volume, some brokers offer different account types. As a trader, you can get great advantages. They offer you higher yields, better support, bonus or a cashback program. This is a way to get more profit in trading. For example, the broker offers you a higher asset profit of 5%. That can be very helpful.
The companies in this review offer you:
- Chat support
- Telephone support
- Email support
- Education centers
- Webinars, videos, strategies
- Account types
- Account managers
Diversity of assets and test of the Binary Options trading platform
I tested the trading platforms of the Binary Options Broker Review. In conclusion, they are very good and innovative. They give you a very good reaction rate which is important for short-term trading. You can use them for your computer or as an app for your mobile phone. In addition to that, they are very flexible and customizable. Use different indicators for the best strategies. As you see in the picture below I am using Bollinger Bands and the RSI. They are very popular.
First of all the trading dashboard is the most important point of the trading platform. You should be able to switch very fast between different expiry times and create new trades. Some strategies are designed to have multiple trades open at the same time. The brokers in my review provide you the fastest execution time. Secondly social trading very popular. In some trading platforms, you can copy the best traders of the broker and make an automatic profit. They show you transparently what they are trading and you can start copying them.
Another important point is the flexibility of the platform. An app should be available for mobile trading. On most platforms, you can customize the chart very easy. Thanks to the digitization, platforms are getting better and the brokers always try to improve them. Use free indicators and technical tools for your analysis. Moreover, you can use the newsfeed to trade exactly high volatility. Market news occurs every day – Why not use them to make money?
Facts of the Broker Review:
- Fast execution for your trades
- Use indicators and more
- Apps for mobile phone
- More than 50 different assets
On the most trading platforms, you can trade Binary Options with forex, stocks, cryptos, and commodities. There is a big diversity of assets for you. The yields depend on the category of the asset. More often than not the most traded asset gives you the highest yield. You can easily see that on the platform.
Weekend Trading (OTC) and Cryptocurrencies (Bitcoin and more)
Each broker in this list provides the service to trade on the weekend. The platforms are open 24/7. Weekend trading is allowed and advocated. On the weekend you can trade Cryptocurrencies like Bitcoin, Ethereum, Ripple and Forex OTC charts. Cryptocurrencies are traded decentralized and the stock market is open 24/7 for them.
Especially attention should be paid to the OTC Forex charts. Normally the stock exchanges are closed on the weekend but the international internal bank market is working. The volatility is much less than in the normal working days Monday – Friday.
The first steps for your Binary Options success:
- Learn the Binary Options basics. Information for trading Binary is available at the broker platform or the internet. For questions, there are certain forums available.
- Develop a successful strategy. Most brokers will help you to find a way to trade successfully.
- Use the Demo account. It is an account with virtual money. So you trade without risk the markets.
You should ask yourself these questions:
- What do I want to achieve with the trading of Binary Options?
- How much I want to invest?
- Where, on which market I want to trade?
- How do I react to losses?
- What are the chances of winning?
Deposit and withdrawal by a Binary Options Broker
Nowadays the deposit is easy like the withdrawal. Most brokers only need a small amount of money to open your real account and give you access to the market. Capitalize your account in few seconds with a credit card, bank wire, cryptocurrencies or other e-wallets. Today it is very simple. The withdrawal systems are working very good too. Sometimes it is fully automatic. Most companies payout in less than 24 hours. In addition in a lot of cases, there are not any fees for you. Another important fact is brokers only withdrawal verified accounts. So get your account full verified with the right documents as mentioned before.
Bonus Programs and conditions for traders
Bonuses are very popular in the section of Binary Options Brokers. Most companies offer a deposit or a no-deposit bonus. There are a huge diversity of promotions for traders. Mostly the bonus depends on the deposit amount or you can choose it manually. For example, some brokers offer a bonus of more than 200%.
It is a good way to top up your trading account balance and earn more money. You can trade with more risk and grow faster your account, but you should not forget the bonus conditions. Every time there are requirements for the bonus. For example, you do a deposit of 5000$ to your broker and trade with sensible money management of 1% of the account balance per trade. That means you invest 50$. Now you activate a bonus of 100% and additionally you get extra 5000$ and your account balance is 10.000$ now. At the moment you can trade with sensible money management with an amount of 100$ per trade. That sounds good and you grow your account faster as without bonus.
The deposit bonus is a good way to increase your account balance and to trader with more risk.
As mentioned before there are conditions of the bonus. Simply there is the requirement of turnover of the bonus amount. Sometimes you have to do a turnover of x20 and sometimes you have to do a turnover x50. It is important to read the bonus requirements. If you got any questions, you can ask the support. In most cases, you will see the requirements transparent on the platform.
- Deposit bonus: Get additional money to your account balance.
- No deposit bonus: You will get a small amount of money for free, but you have to do a huge turnover before you can payout the profit.
Welcome Bonus for beginners
The no deposit bonus is named welcome bonus. There are different ways to get a welcome bonus. One way is to win a free demo contest (read more below) without any risk. You compete to other traders on the platform. The rules are easy to understand: Just try to get the highest account balance versus your competitors. If you win, the broker pays a high prize. It is like a welcome bonus because you do not invest real money.
On the other hand, as mentioned before the no deposit bonus is like a welcome bonus. There are a few brokers who offer this bonus. Just create your real account and activate the welcome bonus. The company gifts you any amount of money to your account balance but you can not withdraw the money. You have to do a high turnover of the welcome bonus like 30x or 40x. Recommend broker for a welcome bonus is Pocket Option.
Binary Options Tournaments
In addition, most brokers offer tournaments or demo contests for beginners and advanced traders. You must pay a fee to participate in a contest with a huge prize fund. The rules are very simple: You get a separated demo account where you have to get the biggest balance as possible. You will compete against other traders of the broker. Sometimes there is a prize fund of 100.000$ or more. Furthermore, it is not easy to win the contest because there are a lot of competitors.
The demo contest is a tournament without participation fee. That meant that the prize fund is much smaller than the paid tournaments. But it is a good way to earn money with a small amount of money (participation fee). If you are a successful trader, you can easily win these contests.
Countries for traders
Binary Options are not allowed in every country of the world. In addition, some countries forbid trades to use foreign brokers. Most brokers accept international traders, but there are restrictions for forbidden countries. You can not generalize it because the broker decides which customer he accepts.
Nowadays Binary Options become more and more popular for traders. It is a simple and efficient financial product. It is possible to generate a high payout in a short time horizon. Asian and Africa are growing very fast and people like the function of trading. The brokers in this review try to improve their service in this region of the world because the demand is very high. They improve their customer support with different languages and other services.
The fastest growing countries:
Are Binary Options legal?
Sometimes there are some restrictions to this financial product that depends on a particular country. Personally, I only know one area where Binary Options are forbidden. It is the European Union but some offshore and international brokers accept EU traders. It is like gambling on rising or falling markets and easy to understand. The EU tries to protect its citizens because there are a lot of scam brokers. To prevent a scam, use the best brokers of this review.
Find the best Binary Options Broker 2020 – Conclusion of my review
On this site, I showed you the idea of finding a reliable Binary Options Broker. In the list, you see the best companies in 2020. For successful trading a good broker is necessary. The company should allow you your own strategy of trading and give you good support and service. On most platforms, you can learn via education videos how Binary Options are working.
Also important is the execution of your trades. It should be very fast and with no delay. Usually, every broker does that. Nowadays as a trader, you can start with a small amount of money to trade Binary Options (10$ or less). It is possible to turn it in a high amount with the right strategy. In conclusion on this site, you can find the best and proofed Binay Options Brokers 2020.
Read more about them in my reviews:
I recommend this article if you can not choose between the most known brokers: “IQ Option vs. Olymp Trade vs. Binomo”
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