4 Best Binary Options Signals Providers & Reviews

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

What are the best binary option signals?

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The majority of signal providers are scams but you can check out

Signal Push. I would never personally use a signal service, in this industry, if you want to make money you need to learn how to trade. Yes, even if you wish to take signals. But in the long run, you should learn how to interpret price action or you will end up being another loser in the 95% losing pile.

Anyway, Signal Push is the service that seems least likely to be a scam because of several reasons:
1. They don’t require a broker sign up, they charge a fee instead.
2. Different traders can connect and must prove themselves us.

Binary Options Trading Signals Reviews

Signals for Binary options are trade alerts provided by a company, a third-party provider or an experienced trader, to other traders in the same marketplace who are less experienced, or do not have the time and opportunity to analyze the market for themselves. Unlike managed account trading services where the provider does everything on the account, the onus of interpreting and trading these signals for binary options lies squarely on the shoulders of the recipient of such signals.

Best Signals Providers 2020:

No.1 Signals Provider: Investoo.com PRO Signals

At Investoo.com we offer 100+ signals per day with a 60-70% win-rate. You can use our signals on any broker and we offer both short-term and long-term expiry. Sign up now and start receiving trading signals on all major Forex pairs now!

Other Signal Providers:

Anyone who has spent time to analyze and trade the financial markets will immediately attest to the fact that it is a venture that consumes time, effort and the whole of the person engaged in this activity. It is very difficult to hold a day job and give trading the full attention deserved. It is also difficult to learn how to trade profitably as it involves a thorough understanding of chart analysis, interpretation of news events, adoption of positive trading psychology and other factors.

As such, many people cannot put themselves through the rigors of trading and would prefer that someone else does all the hard work and deliver trading tips on where to enter and exit trades for profitable outcomes. This demand is what gave rise to binary options signals services. A product always arises whenever there is a demand for it. There is a very strong demand for binary options signals services and that is why several entities have come up to attempt to fill the needs of millions of traders in this regard.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Methods of Delivery

For binary options signals to reach the recipients, they have to be sent out by the provider in a timely fashion, using a means of communication that is instant and does not create room for delays. In binary options, a single pip can make all the difference and a wrongly timed, delay-induced entry can make all the difference between profit and loss.

The following methods of delivery have thus evolved over the years for the distribution of trade alerts from providers to subscribers.

a) SMS: Here, providers send out trade alerts to subscribers using text messages. They are fast and provide for instant delivery. A modification of the SMS is the use of push notifications in smartphones. These require the subscriber to provide either a phone number (for SMS) or to subscribe to the trade alert app (for smartphones). The disadvantage is that sometimes, network providers may have issues that lead to delays. Otherwise, this is the best system as studies have shown that most people will have their phones by their side as opposed to laptops or desktop PCs.

b) Email: The email was one of the first avenues used to send out trade signals. However, it requires access to a PC and the internet. The trader may not be around any of these two, creating issues of timely usage of the delivered signals. Emails can also be sent to the spam folder by the mail providers, causing the trader to miss the trades entirely. For the purpose of trade alert delivery, emails are not the best method out there.

c) Website: Some providers create a members’ area on their websites where signals are then pasted and can only be accessed by those with active logins. Unless the signals have a large window of opportunity within which they can be used, it is not the preferred method.

How to Select a Good Binary Options Trading Signals Service

Many providers of binary options trading signals will claim fantastic results on their websites. However, there is no way to independently verify these claims. As such, the only weapon the intending subscriber can use is the free-trial. The free-trial period is a period where a signals provider allows the intending subscriber a few days to test the signals service. Most providers will not give this service free, but will charge a little money (between $5 and $7). Use this time to thoroughly evaluate the trading signals using a binary options demo account. This will enable you gauge the claims made by the provider and see if they stand the test. Do not sign up with anyone who does not provide a trial period.

Also look out for providers that can give out money-back guarantees. This allows the trader to use the service and evaluate returns against what is paid as subscription fees. If it is not worth it, use the money-back guarantee to get your funds back.

It is good practice to try out the first month of a signals service on a demo account. That way, even if the signals are unprofitable, your loss will only be limited to the subscription fees paid.

What is a Good Win-Rate for a Signals Provider?

In binary options trading, you need a minimum of 55% win-rate to break-even. This means when looking for a signals provider you should be looking for at least 60%-70% average win-rate.

While the majority of signals and auto-trading sites will be complete scams, reputable signals providers should offer an average win-rate of 60-70%. You should avoid anyone who claims to have a win-rate above 80%, as this is practically impossible and very likely to be a scam.

Should you use the Martingale Strategy for Signals?

The Martingale system is a popular betting system used in win or loss games such as Binary Options or Blackjack whereby a player doubles his bet if he loses a round and keeps doing so until he wins. The idea is that you’re likely to win a round eventually and recoup all of your losses.

In games or trading systems where you have a 55% win-rate or less, you will always lose using the Martingale strategy. This is because it’s a negative EV (expected value) system. Even though your so-called win-rate increases (e.g. the odds of winning a single coin flip increases from 50% – 75% after two rounds), your risk increases at a higher exponential rate. This is what makes it -EV.

However, if the odds are in your favour and you have a 60% win-rate or higher than the Martingale strategy becomes +EV. This means you’ll make money using the system than without it. We therefore we recommend using the Martingale system at least once on a losing trade where the signal provider’s win-rate is 60% or greater.

Does the Opening Price for a Signal Matter?

Yes. The opening price is important because you need to make sure you place the trade in time before the price moves out of your favour. Most signal providers will give you an opening price to take the signal. It’s important you check your broker’s platform to make sure their prices are close to the signal provider’s. Otherwise, you could end up taking trades that finish out of the money when your signal provider finishes in the money.

What’s the Best Way to Avoid Getting Scammed by Binary Options Signal Providers?

Personally I think there three main ways to avoid scams in binary options:

Binary options Signals

Binary option signals are an alert or message that provides information on a particular trade. The specifics will depend on the type of signal and the service being provided. Often these services to provide binary signals will incur a cost, either as a one off purchase of a system for example, or an on-going subscription for regular signals over the long term.

At binaryoptions.co.uk, we would advocate education over signals. Deferring investment decisions to a third party removes some of the ‘safety’ of risk management and control. We are aware however, that some traders will want to use them regardless. So we have highlighted some of the better providers.

We have also found a service, specific to Forex Signals, that has delivered long term performance.
(See the services we recommend below)

Types Of Binary Signal

There is a broad range of binary signal services on offer and it is worth understanding them if considering their use.

  • Firstly there are free signal services. While these services provide a very cheap option, the provider will need to meet their costs from somewhere. How they do this may not be immediately obvious, but some will require users to sign up with a particular broker. These brokers are generally not the best choice for the trader – this method of user sign up puts the trader at considerable financial risk. Free signals are often offered alongside “get rick quick” marketing which is grossly misleading.
  • The next level of signals will be the paid variety, where the information comes from a single source. That might be an individual advisor or a single system.
  • There are then signals that are collated from multiple sources. These are normally only advised once a certain number of these sources highlight the same trade, or where a human trader confirms a trading signal highlighted by an automated algorithm.

How to find the best binary options signal service

To compare binary option signal providers, it first needs to be established what is being offered. So a good service might offer entry, exit and stop loss figures. Either exact figures or guidelines. There should also be some supporting information. This might be in the form of technical analysis, graphs or other data. A service might also provide some performance history. This could demonstrate the effectiveness of the strategy. The way a service is sold is also important – avoid any scheme promising instant riches.

So when looking to identify the best binary signal service, the following needs to be considered;

  1. Success rate. Normally expressed as a percentage, how often is this signal service correct. Or in other words, how many trades win?
  2. Number of signals, and frequency. This criteria links closely to cost. How many alerts are given, relative to any fee paid?
  3. Supporting evidence. How much detail is provided with each signal. This can also help to filter out any trades that the user might be uncomfortable with. If no detail is provided, each signal is difficult to judge.
  4. Price. The obvious one, how much does the service cost. The range of fees varies wildly, from free to very expensive. The costs however, always need to be compared relative to the other factors. Some services will be expensive for good reason.
  5. Free Trial. A service offering a free trial obviously has faith in the information they are giving out. If a provider does not offer a free trial, that might be because the results do not backup the promises.
  6. Additional Services. Some providers will offer services beyond the signals themselves – education or broker integration for example.
  7. No forced sign up. If a signal provider forces traders to open accounts with a particular brokers, that is a clear concern. Stay away.

There are a whole of different signals that might be offered, these might include;

  • Forex signals
  • One touch binary options signals
  • End of day signals

This variety can make generalising about a service difficult. If a trader wanted to concentrate on a particular trade type – such as ‘end of day’ trades for example, then a provider specialising in that form of signal would be most appropriate. So a trader must assess their own requirements in addition to comparing signal services.

Binary Option Signals Providers

There are a huge range of binary signal providers. Some specialise in just providing signals, while others offer them alongside other related services. For example, some brokers will offer alert services or signals. With some providers, it is possible to try a trial service. This might be a good way to see exactly how the service operates, and what is provided.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

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