Binary Options trading has gained popularity since its approval by the US Securities and Exchange Commission (SEC) in 2008. As a result, there are numerous binary options brokers, each claiming to provide the best services. However, being a trader and before jumping into binary options trading, you should analyze various aspects before going for the broker that best suits your needs. As you proceed further, you will realize the elements and facilities that make a broker best and a detailed comparison of different binary options brokers in the market to help you choose the best one as per your requirements.
The brokers provide the trading platform for binary options trading and thus acting as an intermediary between the traders and the exchange. Therefore, it would help if you compared the different brokers based on the services provided by them. In addition, you can compare the brokers based on various criteria.
Many brokers provide all types of trade in binary options, while others are restrictive in their approach, and thus it can reduce your available options. Whether the broker offers binary options types such as boundary, ladder, touch, pairs, etc.?
You can compare the other factors for binary brokers, such as trading costs, bonuses provided, trading environment, and payouts.
The binary options brokers often do not provide flexible options expiration, and the traders are stuck into positions with long expiry dates.
What is the minimum deposit that the broker is offering? It usually ranges from $5-$10 to $200-$250.
Does the broker is providing a demo account facility?
The customer support that the brokers provide. Do they have live chat support or telephone and email support services to resolve the issues immediately?
Are the brokers regulated or not? If so, under which authority are they regulated?
It would be best for you to go for the one that provides a great trading platform, a good bonus, and an excellent payout of up to 90%. In addition, it offers would be helpful to considerthe flexibility concerning binary options for different expiration while choosing the broker.
The binary options brokers primarily act as an intermediary but earn money in two ways. Firstly, by working as a counterparty to customers’ positions in OTC binaries. As a result, they get a significant margin and have both sides hedged. So they still have protection for the transactions where they don’t get sufficient margin. Second, by acting as an intermediate and charging a commission by matching the buyers and sellers. So the hidden charge within the spread is the way through which they earn commissions. The tighter spread between the buy and sell prices makes it cheaper to trade.
There are many binary options brokers in the market, and the facilities they provide differ from one another. Some services will be best in one while in other services, some other might be having the upper hand.
Some brokers are good at providing great payouts and best suited for short-term trades. In comparison, others are suitable for boundary trades. So, it would be good for you to have two accounts with different brokers to benefit individually from both.
You can open multiple demo accounts with different brokers and have hands-on trading experience before getting into the real world of trading.
Accounts with multiple brokers help you protect yourself from insolvency and the website technical glitch of one. Moreover, as you divert your funds into various trading accounts, you can deal with the adverse scenarios that the broker faces.
Multiple account openings with different brokers often lead to various bonuses as a part of the signup offer. But, sometimes more significant deposits result in large bonus rewards, and, in such scenarios going for multiple accounts will not be best suited for you.
It becomes imperative for you to assess all the factors before choosing a binary options broker. A few of them are listed below:
There are many traded financial assets such as equities, commodities, forex, crypto, and indices. Again, you can go for the broker specializing in offering services to a particular one in which you want to trade.
Often, the brokers take their fee from the payouts, and you tend to receive payouts around 85% or 90%. So, you should choose the one in which you can maximize your profits.
At times, the brokers have set minimum deposits criteria ranging from few dollars to hundred dollars. It will help if you go for the one where you feel comfortable with the minimum deposit.
Many brokers provide the demo accounts facility to help traders learn trading before putting their real money into trading. So, while choosing the broker, you should ensure your broker provides such a facility so that you practice trading via a demo account.
Many countries regulate the brokers under their respective laws, like the Financial Conduct Authority (FCA), which governs options trading in the UK. So it would help if you made sure that the broker you choose is available in your country to avoid getting into legal complications.
The brokers provide various payment options such as debit cards, credit cards, bank wire transfers, etc. You should ensure that the different payment methods are safe and secure and you feel comfortable using those.
In today’s world, where everything is instant, you would want to look for a broker that offers instant withdrawals of payouts. Some offer withdrawal service within 24 hours of expiry, while others take few days to process. You can look for the one with instant withdrawals.
Sometimes, you are busy with your routine works, and it becomes difficult for you to check on the web trading platform, and you would like to check your open position quickly through the mobile app. It would be best if you enquired about the trading apps offered by the brokers and ensure the compatibility with iOS or Android.
There are many regulatory bodies in different countries to govern the financial markets. Such bodies tend to regulate the brokers and protect the traders. In addition, they tend to provide legal remedies in cases of disputes between the traders and brokers. The various regulatory bodies are:
Australian Securities and Investments Commission in Australia (ASIC)
Commodity Futures Trading Commission in the United States (CFTC)
Financial Conduct Authority in the UK (FCA)
The Cyprus Securities and Exchange Commission in Cyprus and the EU (CySec)
Financial Services Board in South Africa (FSB)
You should be well aware of whether the broker is regulated or not and, if so, then under which authority. The regulated brokers are more reliable, and going for such brokers ensures your protection under the governing laws.
A binary options broker is reliable only when it provides what it claims. But, unfortunately, many brokers in the market are scams and are indulged in defrauding the traders. Hence, it is essential to spot a reliable one and opt for its services. The below factors can help to spot a reliable broker.
The regulatory authority to govern.
Free demo account facility.
Security for customers’ funds.
Minimum deposit criteria.
No hidden charges.
Good customer support.
Faster execution trading terminals.
We listed above the criteria and factors based on which you should select the broker. Now, we move forward, detailing the features and services of each binary options broker.
Gembell Limited manages the pocket Option broker. It started its operations in 2017 and has its registration in the Marshall Islands.
Its trading platform is safe and secure and provides versatile facilities for traders
It offers trading in 100+ financial assets
It provides a demo account facility
It offers deposit bonuses to encourage new traders
It ensures a 24/7 professional support system
It does not charge any fees for deposits and withdrawals
IQ Option, formed in the year 2012, is quite popular among the trading community. The detailed features of the company include: –
Regulated under CySEC
It provides a free demo account
It provides access to 500 various instruments
It provides 24/7 support
It allows a minimum deposit of $10 and minimum trade amount of $1
Very reliable and trustworthy platform
Quotex belongs to the Seychelles brand of Cypriot financial holding, which has received an authorized Center for Regulation of Financial Markets Relation (CROFR) certificate. It offers access to various financial assets and trading indicators.
It offers enhanced safety and security, and the data leakage risk is left behind
It has more than a dozen technical indicators for trading with charts and provides a universal trading platform
Quotex has an easy trading platform, and access to it is quick and fast
It has a multilingual customer support system that offers 24/7 service
Finmax has become one of the leading brokers of the world ever since its launch in 2015. The Financial Market Relations Regulation Center (FMRCC) regulates it.
It is a regulated broker
It offers multiple account types
It provides excellent payouts
The withdrawal process is fast
It provides different tradable assets
However, it also has a demerit as it does not support ECN trading apart from the benefits mentioned above.
Binomo, founded in 2014, is one of the best binary options brokers due to its client-oriented approach. In addition, it provides a wide range of financial instruments that offer favorable trade and investment terms.
It offers trading in 70+ financial instruments
It provides different option types such as Binary Options, Pair Options, Long Term Options, Touch, and 60 seconds
It offers a deposit bonus of up to 110%
It provides a Spotoption trading platform that is client-friendly and easy to use.
Olymp Trade, founded in 2014, is a Russian trading platform and is owned by Smartex International Ltd.
It provides an Olymp Trade trading platform, an excellent choice for traders due to its adaptation to different screen resolutions
Its welcome bonuses are up to 100%
Regulated under FINACOM
The broker keeps the deposits with the European bank
The Expert Option has official registration in the UK, which is active in the financial markets since 2015.
Demo Account facility
Technical tools for extensive analysis
Russian Federation certified broker
It offers an attractive minimum deposit facility of $10
But, besides the merits, it has also got a demerit of a limited choice of options maturity.
The Binarium trading platform, founded in 2012, is regarded as one of the best among the multilingual forex brokers.
One request per day and limit per day $ 200 and per month $1,000
Two requests per day and limit per day $ 500 and per month $2,500
Five requests per day and limit per day $ 1,000 and per month$20,000
Five requests per day and limit per day $ 5,000 and per month $50,000
From $ 5,000
Unlimited requests per day and limit per day $ 15,000 and per month $1,00,000
A unique trading platform
Available training materials
Several financial assets for trading
It offers minimum deposits and insurance for transactions.
The broker began its active operations in 2010. Its main features include:
The broker offers an automated trading platform that generates trading signals and places orders on behalf of traders. It started its operations in 2016. Its main features include:
Min. Trade Price
Automated Binary trading platform
All assets are available.
Trend, CCI, RSI,
FinRally is an international broking firm and uses enhanced technology for the protection of data. Its features include:
Up to 100%
The broker started its operations in 2014, and HighLow markets PTY Limited owns it. Its features include:
Gold, indices, currencies, and binary options HighLow Spread, HighLow, Turbo Spread, Turbo
Cent Project Ltd, which is a subsidiary of Finance Group Corp, owns Binarycent. The various features of BinaryCent are listed below:
The broker, founded in 2011, is a subsidiary of International financial holding Day Dream Investments Ltd. Its main features are:
150% of deposit made by referred
Own Terminal uTrader
170+ including stocks, indices,
15 Cryptocurrencies, etc.
The trading platform RaceOption belongs to Race Projects company having its registered address in Seychelles.
High-speed withdrawal request processing
Different payment methods for replenishment
24/7 customer support service
The features of such a broker are:
Currency pairs, binary options,
The legal entity “Advanced Binary Technologies Ltd” owns it, which started its operations in 2014. It has registration in Saint Kitts and Nevis. Its main features are:
Currency pairs, indices,
It belongs to the IG Group in London, UK. Its features are:
Stock Indices, currency pairs & Crypto
The broker offers an automatic robot trading service, which got launch in the cryptocurrency market in 2017. Its features include:
Automatic Robot Trading Centobot
The broker provides a trading platform that ensures impeccable operations for the traders. Its main features are:
Non-regulated but registered on Fr. Cyprus
Yes, 100% of deposits
The broker allows the trader to open the purse on the resource (for cryptonym), and intelligent contracts regulate the financial transactions. Its other features include:
Registration in the Cayman Islands
Binary Options, shares, commodities,
currency pairs, cryptocurrencies, etc.
The broker offers a browser-based platform that is easy for traders to use apart from the Auto Trading investment system. Its features are:
FINRA (USA) & SIPC (USA)
ETNA white label program
Metals & raw materials.
Equities & options, etc.
Having listed its shares on the London Stock Exchange, the broker company is named London Capital Group. It has 20 years of experience in the trading world and due to which the users most trust it. Its other features include:
CySEC & FCA
MT4 & LCG Trader
Bonds, ETFs, CFD, etc.
The broker started its operations in 2016 when Ally Bank acquired the TradeKing forex broker. Its main features include:
FINRA & SIPC
MT4 & Ally Invest Forex
Futures, currency pairs,
Indices, stocks, etc.
The company is operating in the US and has 40 years of experience in the brokerage industry. Its main features are:
NFA, FINRA & SIPC
60 days free maintenance
$ 600 for advertising
Trade Architect, Web Platform and Thinkorswim
Bonds, ETFs, etc.
The company, formed in the 70s in the United States, has the following vital features:
Bonds, CFDs,futures,stocks, etc.
It has been operating since 1996 and provides efficient trading applications that make trading easy and reliable. Its features are:
E*Trade Pro, E*Trade FX, Etrade.com, Market Trader and OptionsHouse
The In Trade Bar is a binary options broker with origins in Russia but claims its registration in the UK.
The broker began its active operations in 2016. Its main features include:
Payeer, Yandex, etc.
The broker established its operations in 1971. Its main features include:
Stocks and precious metals.
It is a well-known investment bank in Denmark. Its main features are:
Danish Financial Supervision Authority
Bonds, CFDs, etc.
The broking company has its registered head office in the Netherlands, which started its operations back in 2013. Its features are:
Netherlands Authority for the Financial Markets (AFM)
stocks, raw materials,
binary options, etc.
It is Georgia based trading platform, which delivers the trading process seamlessly. Its main features include:
It offers users to make money from binary options and cryptocurrencies. Its features are:
The broker is the first to provide binary options services in Kyrgyzstan. The features include:
Cryptocurrencies, stocks, indexes.
The broker uses the EtherZero blockchain as means of exchange and practical work. Its features include:
The participants’ earnings are around 175% of the initial price.
The financial guarantor is a cryptomonetEtherZero. The change in resource value within a specific time interval can give the trader a decent payoff.
*General Risk Warning: Your capital might be at risk
*The amount that will be credited to the account in the case of a successful deal
Start with a simple one – from a list that contains a comparison of the factors that will help you choose a trading broker to open an account! We chose, in our opinion, the most significant, namely: a minimum deposit, a minimum cost and a refund.
The minimum deposit. If you want to try your hand at binary options for the first time, then the minimum deposit requirements should interest you. For traders who want to try binary options, the low minimum deposit offered by the broker is always better. After all, a small initial deposit is, first of all, low risks. Of course, all brokers have their own requirements for trading, which can be significantly different. For some traders, this may not be a very important factor in finding a better broker, but for others it will be very important.
The minimum cost. As with the minimum deposit, this factor is important for all those who make the first steps in binary trading. Everyone should clearly understand their capabilities and then what risk he gives. After all, the minimum cost is, directly, the minimum at which the trader is allowed to make a deal. And if you are a beginner, then it’s worth paying attention to brokers with the lowest value, the benefit of those on our list is very much.
Return. Remember that this particular element is not always a simple parameter for comparing brokers. Payments can vary depending on the asset and expiration time of the option, as well as on how the chosen broker manages its own risk. However, exchange and OTC brokers have different payments, and therefore they are difficult to compare. The best way is to try!
Choose a broker and trade, learning in the process, the benefit of almost every one of them offers a demo account. It is clear that finding the best broker right away is not always easy, but it’s worth noting that you can always move between brokers every time something does not appeal to you. And remember that even if the account is empty you can always find new trading platforms or even move to another account, because a trader can have several accounts with the best conditions for a particular trade.
«Binary options simple trading !» AUTOTRADING
Autotrading is ideal for those who have not traded binary options for years, as well as those who first plunged into the world of trading. Trading binary options is, first of all, the dynamic plane of the world of trading, in which every day changes occur, whether it is the development of new technologies or new innovative opportunities. All this is done for the benefit of improving trading and meeting its participants. As a result, a seemingly simple trading process suffered numerous modifications. Autotrading is a vivid example of these changes, which is an excellent way to simplify the trading of binary options.