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.
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 broker BBinary review
Starting your work on the binary options and currency markets you should be aware of risks related to this activity. Binary options are not a good option for investing retirement money or for long-term saving. Binary options are among the riskiest type of investments which may lead to huge losses of all your savings.
No matter how the fate of the well-known, practically all over the world broker Binary.com, would exist, it will go down in history forever, as one of the first companies that offered its clients to carry out transactions with binary options. The company under consideration belongs to the Binary Group Ltd group of companies, and its offices are located in Japan, Malta and Malaysia, and there are more than 6 thousand branches of the broker operating throughout the world.
Binary.com is primarily a simple way to start trading binary options 24/7. This broker is the most titled of all platforms selling binary options. Here even inexperienced novice players are invited to take part in the training of professional trade in the “Academy of Binary”. Binary.com is truly a unique platform developing its own innovative products, while most such brokers use software and quotations from third-party suppliers. Also, Binary is one of the leaders on the terms of trade, financial instruments and services provided.
Main trade figures and characteristics of Binary.com
Every trader, regardless of experience, set goals or the amount of money that he is willing to invest in operations in the global financial market, before registering an account on the trading platform, must carefully study it. In this case, the broker in question has the following characteristics:
Trading platform – binary.com
The minimum deposit is $ 5
The minimum transaction amount is $ 1
Profitability – from 70% to 1000%
Free Demo Account – YES
Account replenishment methods – Money / bank transfer, credit / debit card (Visa, Mastercard, Union Pay), e-currency (E-Cash, Skrill, OK Pay, WebMoney, Yandex Money, CashU, QIWI)
Types of options – increase / fall, higher / lower, inside / outside, touch / no touch
Applications – Mobile, for tablets
Expiration time – 10 sec. – 365 days.
Provided affiliate program.
Deposit / withdrawal of funds
What can a Binary.com user count on?
Trading on the Binary.com platform allows customers to receive a percentage of the profit equal to the percentage of traders from the interbank market. A policy Binary.com is a job without any hidden fees and fees. The advantageous feature of the trading platform Binary is a unique option – “fixed odds”. In other words, Binary gives the opportunity to set a market price and notifies the trader about the price at which the return will be calculated. This, in essence, allows the trader to choose his profit. Binary from time to time organizes the shares with a maximum bonus of 100% of the deposit amount.
Binary is not just a trading platform, it’s a developer of innovative products that other brokers use! The reliability of this broker is checked by reliable work lasting 17 years. Binary.com is an innovator in the field of binary options. Binary.com is a combination of an innovative trading platform, a wide choice of trading tools and ways of trading. Choosing a Binary trader will automatically cooperate with a professional broker company that conducts transparent activities regulated by international law.
Binary, in fact, unlike many brokers, offers only virtual and real accounts:
● Providing access to a demo account with a $ 10,000 start deposit (virtual cash)
“Real account” – from 5$
● Receiving a bonus of $ 20
“Talking about the ways of trading binary options, Binary.com shows its superiority here too, offering:” rise / fall “(the expiry date of contracts is 1 minute – several months),” above / below “(the barrier is determined by which the trader predicts the movement value of the asset), “inside / outside” (a good way to predict the range of price movement), “touch / no touch” (the possibility of predicting whether the price touches the set level or not), “designer” (a unique way to create and develop your own strategy).
When replenishing a trade deposit, a trader is asked to choose between US dollars, euros and pounds sterling. At the same time, the minimum amount of replenishment is only 5 currency units, or maximum – in the exchange of 150,000. Withdrawal of funds to all listed payment systems only after verification of the user account. However, the bank transfer takes about 5-7 days. Therefore, the advantage should be given to the electronic type of withdrawing money, because such a process will be implemented in a matter of minutes, unlike long-term bank transfers in 3 days.
Security and Customer Training Binary.com
Extensive experience in the financial services market (companies will soon turn 20 years old!), The presence of controlling organizations, as well as the use of their own software products are convincing evidence of the reliability of a broker. But that’s not all. Funds of users of the trading platform are stored on independent accounts in well-known banks, which makes it possible at any time to leave the broker without fear that his deposit will “hang” somewhere or be lost. This company allows you to get all the necessary knowledge for the future trader, even if you do not plan to work on the Binary.com site. For these purposes, there is a whole section on the official web resource of the broker, where you can get all the necessary information about binary options and financial transactions in world markets. In addition to the real trading account, there is a demo account on Binary.com, on which there are virtual 10 thousand dollars, which allow you to check the beginner’s level of training in practice.
Presence of own trading platform
Possibility of using the Demo account
Intuitive interface (important for novice traders)
Presence of a mode “Designer”
Excellent reaction to trade orders
No slippage on requests
A wide range of trading instruments and options
Extensive set of transaction completion time slots
When planning to work on the presented trading floor, do not forget that the size of your future income depends entirely on you!
“General Risk Warning: Binary options and cryptocurrency trading carry a high level of risk and can result in the loss of all your funds”
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