Online binary options traders will agree that choosing the right broker is one of the important things you can do to increase chances of succeeding as a trader.
There are hundreds of brokers to choose among. However, finding the best options broker will require you take into account various factors.
These include considering things like whether they’re fully regulated, payment methods accepted, financial instruments on offer and minimum trading amounts among others.
But sifting through dozens of brokers to find the right one for you could require several days of online research. To allow you to cut down on this time, we’ve created this detailed review.
10 of the best binary options brokers operating online today.
Each broker was selected based on several criteria. These include:
Popularity among online traders Countries where they are popular Regulatory bodies Tradable financial instruments on offer Accepted payment methods Whether they have a binary options demo account Trader friendliness Deposits, effective returns and withdrawals . and many more
You can also click on a specific broker to read a more comprehensive review of the broker.
So here it goes.
This is one of the new entrants in the binary options market. Launched in 2020, Olymp Trade has its headquarters in Russia.
This options broker is regulated by the Financial Markets Relations Resolution Center (FMRRC). They’re also a member of the International Financial Commission (FinaCom).
Getting started with Olymp Trade is easy because the broker offers a demo trading account with RUB 10,000 virtual cash. The broker accepts payments made via wire transfer, credit card and eWallets like Skrill.
If you decide to join this broker, you will need to choose between a Standard Account and a VIP account. For the Standard Account, you’ll only need to make a minimum deposit of $10.
For a VIP Account, you’ll need at least $2000. The minimum you can invest in a single trade is $1 and you can earn an effective return of up to 90%.
Each trade can run for as long as 1 hour and losing trades can be exited at any time to minimize losses. Their list of tradable assets is currently under 20.
Withdrawals are processed fast and will usually reflect on your account within 5 days. Currently, Olymp Trade is most popular in the following countries: the Russian Federation, Thailand, Brazil, Indonesia and Turkey.
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We consider this as one of the top binary options brokers for a number of reasons. One is that they are fully regulated by CySEC and offer their services to traders from many countries across the globe. IQ Option was founded in 2020 and is headquartered in Cyprus.
This broker’s platform is well designed and can be accessed via browser or app. Their platform also includes dozens of different charts, indicators and other trader friendly features.
One of their strong points is the high effective returns earned per trade. You can actually earn up to 95% on successful trades. Another cool thing about this broker is the over 10 million different assets you can choose from.
If you wish to try out their platform, you can open a binary options demo account before trying out a real account. The demo account comes credited with $10000 virtual cash.
Opening a real account will require as little as $10. You can make your deposit via wire transfer, credit/debit card, Skrill and other eWallets.
Withdrawals can be made via these payment methods. Each withdrawals request is processed within 24 hours.
IQ option accepts almost every nationality but some of the countries where IQ Option is the most popular are the Russian Federation, Italy, India, Brazil and Thailand.
Several things make Ayrex among the best binary trading sites. Launched in 2020, this is one of the few brokers that are currently unregulated (although they claim to be working to get CySEC regulation).
You can enter into a trade position using as little as $1. Trades can last as long as 24 hours.
One of the reasons we chose to include Ayrex in this binary options broker review is their unique and custom trading platform.
The underlying software is extremely fast. This is quite important since the broker offers trade expiry times of as little as 30 seconds.
They also offer a neat demo account with $1000 virtual cash. One thing that stands out about this demo account is that you can actually increase the amount in your demo account in $1000 increments.
Opening a real cash account is also quite simple. The broker accepts several payment methods including wire transfer, credit card, Skrill and Neteller.
The minimum amount you need to open a real cash account is $5. Successful trades will earn as much as 83% effective return. Your withdrawals will be processed within 24 hours.
Ayrex currently offers over 50 financial instruments. Their client base is pooled from countries like South Africa, India, Indonesia, the UK and Malaysia.
This is one of the new entrants in the regulated binary options brokers industry. ExpertOption was founded in 2020 and is regulated by the Financial Markets Regulations Center (FMRRC) and the Vanuatu Financial Services Commission (VFSC).
ExpertOption offers a modern, well-designed platform that’s powered by the broker’s own custom software.
The platform is quite fast and accessible via a web browser or mobile app. Being a new broker, their assets list is quite limited (currently just
However, the list includes cryptocurrencies which many traders are finding attractive. You can start trading on the ExpertOption platform using their demo account which comes credited with $10000 virtual cash.
To open a real trading account, you’ll need to deposit anywhere between $50 and $5000.
There are 5 different account types each offering several trader friendly features. Every new account can attract a bonus of up to 125% which is quite high.
The ExpertOption platform accepts over 20 different payment methods including wire transfer, credit cards, Skrill and WebMoney.
Depending on your account type, you can enter a position with as little as $1 and as high as $5000. Each successful trade will attract an effective return of up to 96%.
One feature we particularly like about this broker is how fast withdrawals are processed. Depending on your account type, you can have withdrawals processed within as little as 48 hours. You can also withdraw as little as $10.
Currently, ExpertOption is popular by traders from India, the United States, South Africa, Indonesia and Thailand.
Binary Options Brokers
Binary Options Brokers in the USA – Trusted Binary Options Brokers
Constantly challenging ourselves to deliver more to our clients
What are binary options brokers
We review the best binary options brokers worldwide. Hi, this is BinarySignalsPro, and today we will discuss how to choose a binary option broker and what is the best broker for binary options for you, whether you are in the US or Australia, or elsewhere.
Currently, there are more than 450 trading platforms or brokers. This was not the case in 2008, when binary options trading began, as there were about 10 trading platforms that were good, as they created High Competition. The emergence of many brokers, which is beneficial for investors in terms of more bonuses and higher profits.
Best Brokers and Investment Companies 2020
Trade with the best binary options brokers on the market:
If anyone does not know: a binary option is an “all or nothing” option; This option with a fixed price, which, depending on the pre-agreed condition, either provides a fixed income, or does not bring anything.
Brokers, rating of investment companies – All brokers and investment companies. The broker rating is an intuitive, functional and convenient tool for a trader who chooses an exchange broker.
The main purpose of the rating is to compare brokers and choose the best investment companies. Each visitor to the site, regardless of whether he is a novice or a professional, is invited to vote for the best brokerage company from his point of view. We also recommend that you review our Binary Options Brokers rating.
The rating of brokers is not responsible for errors in the information provided. To get the latest information, visit the website of the broker or investment company.
TeleTrade-DJ Ltd Sharp ECN Forex Account
IQ Option – CFDs on stocks, Forex, Cryptocurrencies
24option Broker Access the financial markets all in one place
WHY AMARKETS? 11 years of successful trading
Broker HighLow Markets Get a $50 cashback sign-up bonus
Online Trading with Binary com Broker
Most Innovative Multi-Asset Broker 2020 “Best Retail Forex Broker“
At Binomo you can invest in transactions starting at $1 with returns of up to 70%.
Get More than a Forex and CFD Trading Account at XM
easyMarkets® technology breaks not only the administrative barriers, but also the minimum monetary entry level. With our system the user can open a position for as little as 25 USD.
EuropeFX Personal Client Area Broker
Prestige Financial Markets. Why Should You Choose to Trade with Us?
Recommended Brokers in the US
For many traders, US brokers are the benchmark for reliable and high-quality trading in binary options. This is due to the fact that regulators closely monitor the investment activities of the United States, and the requirements for investment companies are very strict.
Thus, the choice of a broker in the US market is an additional guarantee of the security of the invested funds. It is from these considerations that large investors prefer US brokers with extensive experience in the market. As far as this is true, everyone must decide for themselves, but the US regulatory bodies, such as the CFTC, which are subject to US brokerage funds in the stock market, are already a guarantee of the company’s reliability.
The following list of binary options brokers in the US contains the most significant brokers that can provide services to traders from the United States. Choosing DC, you should consider all options, and if the broker is trustworthy, but territorially located and registered in the US, this is not an excuse to refuse to cooperate. Many brokers have sites in different languages and are happy to see customers from all countries, so they provide quality technical support in all languages.
The rating of American brokers, presented in the list below, contains the most respected companies with a good reputation.
Best Binary Options Trading Brokers for 2020
Below you will find a list of Binary Options Brokers that offer various binary contracts for trading. Although the term may appear to be very confusing, it’s not that complicated. A binary option is a sort of a contract with a value, expiration date and determined conditions of winning. By purchasing it, you technically make a bet. Most common wager is to predict whether the asset’s price will go up or down from a certain level and stay there until the option expires. Most tradable assets are currencies, indices and some commodities. There used to be much more brokers offering binary options, but many regulatory authorities placed restrictions and prohibited that kind of trading.
Binary options for the retail market were instituted in 2008 when the first description of this product was approved by the US Securities and Exchange Commission. The initial description of what is now known as US-style binary options was based on assets that were listed on exchanges, with traders pitting their bets against each other.
A short while later, a different model of binary options was developed and introduced to the world by brokers based in Europe and Israel. This model (European-style binary options) was essentially based on off-exchange trading of CFDs. However, what followed was years of unwholesome practices and remarkable scandals, which led to the shutdown of the industry in Israel by regulators there, and in the UK and EU region by the European Securities and Markets Authority (ESMA).
The industry is presently undergoing a self-cleansing, and we now have offshore brokers who are showing better commitment at playing by the rules and ensuring their clients get a good deal for their money.
What led to the near collapse of the binary options market?
The answer lies in only one direction: shady brokers and their agents all over the globe. But perhaps some portion of the blame can go to regulators, who were generally very slow in rising up to the occasion to protect the clients, whose money constituted the entire financial backbone of the market.
Brokers are meant to create markets for their clients to trade and are supposed to ensure transparency and safety of trading venues, while maintaining some level of neutrality. However, what occurred between 2020 and 2020 was a situation where a lacuna in regulation led to the emergence of fraudulent entities. These fly-by-night operators set up “brokerages” that were essentially criminal enterprises, specifically designed to rob traders of their hard earned cash. These scam brokers devised several means of ripping off their unsuspecting customers.
A) A common method was the use of call center agents, who unscrupulously obtained contacts of prospective traders and literally harassed them into making ever-increasing deposits, with promises of helping them reap bountiful returns on their investments.
B) There was also the use of volume requirements for incentive bonuses, which were tied to the ability to make withdrawals. Traders soon found out that achieving these volume requirements was practically impossible, thus ending any opportunity at retrieving capital or profits made.
C) In some brazen instances, agents in the brokerage house would access trader accounts from the back end, and execute trades that had been deliberately configured to lose on those accounts. There is at least one case known to the writer where $5,000 was stolen in this manner. Prosecutors and law enforcement agents presently have warrants on the identified personalities behind that brokerage.
Perhaps the case that brought binary options into very negative light, prompting calls for an EU-wide ban, was the unfortunate case of a Canadian investor who lost his life savings after patronizing a shady brokerage entity. The eventual suicide of this investor was the breaking point; EU and UK regulators took action and shut down binary options in Europe and the UK.
It is not only traders that suffered from the criminal activities of the scam brokers. Legitimate brokers such as Binary.com paid a very heavy price, as they lost a significant amount of the market share in an industry where they could be said to be the pioneers. Binary.com (which is listed below as one of the best binary options brokers of repute today) and several other legitimate companies around the world were forced to make major changes to their operational models, in an attempt to improve transparency and to bring back badly eroded investor confidence into the market.
Some of the changes which have been introduced include:
A) Restriction on issuance of bonuses, a lot of which is now provided as cashback for volume trading.
B) Robust trader education, in order to ensure that only informed traders use the binary options platforms.
C) Provision of demo accounts, which many of the defunct brokers never provided for their clients. No longer will traders be deprived of the opportunity to test their strategies and learn the process using virtual accounts.
D) Enhancement of the analytical tools on the platforms, to replace the archaic methods of the old order which provided traders with only line charts and zero tools for analysis!
E) Elimination of confusing binary options bet types and sticking to the classical binary options.
F) Getting their entities regulated in the countries of operation, to enhance user protection and boost broker accountability to enforcing regulatory institutions.
G) Incorporating new asset classes (e.g. cryptocurrencies) to the mix.
Criteria used in broker selection
In selecting the binary options brokers displayed in our list below, the following parameters were used in the process of consideration and selection to ensure that only the most genuine brokers are available for you. We have thus made the process simple, knowing that it is quite a challenge for traders to be able to select these brokers on their own.
The issue of regulation cannot be emphasized enough. The only way traders are going to be protected is by regulating the binary options providers they operate with. Anything short of this will be inviting the old demons back. Regulation also provides for greater accountability and ensures that investor confidence is never lacking in the market.
2) Corporate Governance Structure
A look was taken at the structure with which the listed brokerages operate. Many of them have been around for more than 9 years, and have invested in improving their platforms and trade offerings. These brokerages also have properly defined corporate hierarchy and a face to which the company can be tied to. For instance, the CEO of Binary.com is well known. Olymptrade has a very active presence in an online forum in Africa. Brokerages like Go Markets have officials who are also well known. There are no faceless companies in our list.
3) Openness and Reachability
The brokers listed here all have verifiable contact addresses and can be reached by phone, email and social media channels. Compare this with the old order where some brokerage operations were essentially husband/wife run establishments, operating out of a kitchen (yes, a “binary options broker” was found to be just that several years ago).
4) Trade Conditions
The trade conditions for each broker were also reviewed. For instance, we looked at factors such as stability of the platform, uptimes and downtimes, accessibility of customer support, latency of price and data feeds as well as how the brokers handled counterparty risks. Brokers that were found wanting were eliminated from the list.
Binary Options Brokers
Choosing the Best Binary Options Broker: What to Look For
Before venturing into binary options trading, the first step should be to find a competent broker. That you know about put and call options doesn’t make you a pro, which is why seeking professional assistance from a brokerage company is necessary. Besides acting as a bridge between you and the market, the company also contributes to you getting the most out of your trades in real time. You benefit from many things including professional tools like indicators, signals, graphs and more so, expert advice.
The popularity of binary options trading has grown over the years, and today, you will get a wide variety of brokers with a simple Google search. In effect, this has made choosing the best broker a challenging task for many people, especially those who are doing it for the first time. The good news is that there are a few things that you can look for to know that you are dealing with the best in the business. Better yet, you won’t have to look for them farther.
Top 5 things to look for when choosing a good binary options broker
The broker’s reputation
The first thing that should come up naturally when conducting your research is the reputation of the broker. How many people have they helped to trade? How many do they manage at the moment? Can their previous clients speak of good things about them? The reputation of the broker that you choose to use will determine how well your investment is managed as well as the possibility of getting what you deserve.
So be sure to check that the broker has a good history with its clients and if you can get in touch with some of its clients; even better.
Professional Trading Tools and Features
The difference between using a broker in your real-time trading and not using one include among other things the tools and features that they offer. These are aimed at making your trading more efficient and productive. They are supposed to help you to make the most when the market goes up and help cut loses when the market goes down. As such, a good broker should have effective tools and features to help you maximize your profits and tame the loses, but if they offer anything less than that, you better look for another one – they are many after all.
Terms and Conditions
The mistake that many people commit when looking for a binary options broker is getting carried away by the good words most of them use and forget to read the fine print. They say the devil is in the details and you want to be sure that you are acquainted with everything before putting the ink on paper. For this reason, take your time and go through the terms and conditions, noting the benefits that you are liable to and how the loses are handled.
A good broker will have its terms and conditions well-laid out in a simplified and straightforward manner to make sure that you understand. Be sure that you seek clarification when you need any.
Whether you are a seasoned trader or a beginner, a demo account comes in handy in understanding how your broker operates. This includes the ease of calling and putting as well as the effectiveness of the professional tools that they offer. This allows you to taste the waters before actually being part of it, and if you think that the platform is way better than those that you have tried before, then you probably will have found your broker.
It is a red flag when the broker doesn’t have a demo account. While it is not easy to find any without a demo account, it is good to ensure that it is offered.
So, you have been trading, and sometime in the night, your platform fails you. You try calling in, but no one picks your cal. Worse yet, they pick, and they offer more problems than solutions. What do you do? Another critical thing to look for in a good broker is the quality of customer support that they provide. To be sure, contact them and have them solve an issue that you have. If you are satisfied with how they not only handle the query but also how they treat you, you may want to consider.
Best Binary Options Brokers 2020:
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!