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20 Best Binary Options Brokers 2020
It is most likely that you have come across the term Binary Options while surfing the net, even if you don’t know what it means. Maybe someone told you, or you read somewhere that you could make impressive returns trading on binary options, and it sounded too good to be true. Maybe they said you could lose all your investment in a flash of a second, and got you scared to even try. There are many in similar circumstances with many questions about binary options lingering in their minds. Before we get to any aspects of Binary options, let explore what it is first, for the sake of anyone who is completely green to the concept.
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Binary options are a form of financial trading that involves a fixed amount of pay-off or nothing. That’s why it is called binary options anyway. It is either a 1/0 or Yes/No. There is no other option between. The trading is normally carried out online. The online trade is enabled by binary options traders. The trade involves a variety of instruments like fixed return options and digital options as forex, stocks and market interest rates. That explains why some people will tell you that you can quickly double your money, while others say you can lose it all. There is a lot of speculation among the masses about how binary options work. Many people have lost their hard-earned money because of lack of information. Before you get involved, it is prudent toe sure you understand all the risks involved. You should also work with a binary options broker that you can trust. There are many binary options brokers in the business.
We seek to bust the myths and present the facts as far as binary options and binary options brokers are concerned. There is a lot of misleading information circulating around. There are not many objective options broker reviews either. This is a review of some of the best binary options brokers. The review is essentially a binary options brokers list. The review will give you a deeper understanding of how they operate. The review seeks to arm you with relevant information before you get involved with binary options. Trading in binary options, otherwise known as hedging, can be a blessing or a curse to yourself depending on how you handle. We certainly seek to ensure it is never a curse. The review will explore various aspects of the binary options brokers such as
- Trading platform
- Minimum deposit
- Maximum returns
The review will also explore the various laws and regulations governing binary options trading in various countries. It will also highlight a few dos and don’ts as far as binary options trading is concerned. We cannot promise that you make a lot of money after going through the review, but we can promise to show you how not to lose all your money. Tag along and let’s find out what binary options trading is really all about, and find binary options trading best brokers as well.. Below is a binary options broker list with some of their terms of engagement.
Note: Based on my experience, I personally recommend IQoption , ExpertOption & Olymp Trade but please read the full review to select the one that suits you especially from first 5.
Best Binary Options Brokers 2020 Comparison Table
|Broker||Min Deposit ($)||Min Stake ($)||Max Payout (%)|
|IQ Option||10||1||95||1st Choice|
|Olymp Trade||10||1||92||3rd Choice|
Best Binary Options Brokers 2020
1) IQ Option
IQ Option is a Seychelles-based online trading platform launched in 2020. It has found a lot of favor in South Africa. It is one of the best binary option brokers in South Africa. They claim to be one of the fastest growing online trading platforms, with over 25 million members to date. Their services include forex trading, stock trading, and ETF trading. There are binary options brokers too. They have over 10 million digital options on which you can trade. You engage in the binary options trade by speculating on the global market currencies, indices, stocks, and commodities movement.
IQ Option has a website and App on which you can trade. It depends on what you prefer or what is accessible to you. You go to the instruments menu and choose the asset you want to trade in. Each asset is assigned the current profit percentage. You then choose the duration that you want to explore the asset for. The end of the duration will be marked with a red line on the chart. The system will also set a deadline for making the selected trade. Then put up the value you want to trade and confirm using the call or put buttons. You have the option to sell the option before it expires. If you choose to wait until the end of the duration, you will get 95% profit if your prediction was correct or lose the investment if your predictions were wrong.
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- The minimum deposit on IQ Option is $10 for a real account or $3000 for a premium account
- The minimum investment is $1
- The maximum returns are 95% profit on your stake
- IQ Option offers no bonuses.
- IQ Option is certainly one of the best trading brokers.
Expertoption is a binary options broker with a global trading platform. The platform is available to people in over 150 countries across the world. Expertoption was launched in 2020, and it has 8,707,538 registered traders so far. Expertoption is an award-winning platform, having been recognized as an award-winning platform in the China Trading Expo Shenzhen, 6-7 May 2020. The broker offers up to 100 options of assets to trade with. Expertoption does not offer its services to residents of the following countries; USA, Canada, European Economic Area, Switzerland, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan.
Expertoption operates both website and app trading platforms. You can log in to your account on any platform you feel comfortable with. They offer a free demo account too, for novice traders to first test their knowledge before investing any money. The platform has an education center for green beginners too. There is a lot of educational material on the center that you can go through and get relevant insight pertaining to binary options trading. The platform is quite responsive, and it runs 24/7. It offers the following technical analysis tools.
- Four chart types, eight indicators, trend lines
- Social trading – this feature allows you to watch other people around the world closing deals, or to trade with your friends
- The demo account gives you $10000 to try out with
The platform offers five types of trading accounts as follows;
- Basic – this account is for people who prefer a light start. The minimum deposit for this account is $50
- Silver – this account includes free consultations. Apparently, many people choose to start here. The minimum deposit is $500.
- Gold – this account offers you more privileges features and smart investment tips. The minimum deposit for this account is $2500
- Platinum – this account is regarded as the ultimate account for serious investors. The platform offers exclusive account management and their best expertise. The minimum deposit for the account is $5000.
- Exclusive – this exclusive account is only an invited-persons only account. It is reserved for people with the highest returns. You can contact your account manager about it, that is if you already have a platinum account.
The maximum returns can go up to 95% profit on the invested amount.
3) Olymp Trade
Olymp Trade is a Cyprus-based online trading platform launched in 2020. The platform boasts of over 20000 traders in a day. It is currently registering a growth 7% in payouts every month, with last month’s payouts totaling to $ 7 969 557. Olymp trade is yet another incredible option for a beginner. It has very insightful educational resources for trading. It is one of the best binary options brokers in Nigeria.
Olymp trade runs web, android and apple trading platforms. They offer a demo account that you can experiment with first before moving to a real account. It is one of the best binary options brokers with demo accounts. They offer 24/7 trading and over 60 assets that you can trade with. The trading platforms are quite responsive and self-explanatory. The process of setting up and completing a trade is quite simple. The platform also offers you trading signals from experienced VIP traders, to help you make profitable trades.
- The minimum deposit is $10
- The minimum investment is $1
- The maximum returns are 92% profit on your stake
HighLow is an Australian based binary options broker. A number of platforms won’t admit Australian traders. This is one of the best Australian binary options brokers. It is a great platform for those who like trading for short duration times. It is one of the best 60second binary options brokers. The platform prides itself in a wide range of binary options and some of the highest payouts. They have done over 200% profit on investment payouts. HighLow runs on the MarketsPulse trading platform. It does not accept trader from the US though.
HighLow has a web, Android, and iPhone Apps trading platforms. They offer a demo account for beginners with a $50 bonus upon sign-up. It is one of the best binary options brokers for beginners. It allows them to test their knowledge before putting in all their money. You select the instrument you want to trade from the top toolbar. It has the current market value indicated on it. You then set up the duration you want to trade for and confirm. There is an expiration duration line beyond which you cannot make any changes on the investment. Your speculations should not go out of the set high and low marks.
- The minimum deposit is $10
- The minimum investment is $1
- The maximum returns are 90% profit on your stake
- There is a bonus of $50 upon signup
- HighLow is one of the best binary options brokers with low minimum deposit.
Optionrobot is a high-risk high-return binary options trading robot service. If you are not shy of taking huge risks with high potential returns if all goes well, then Optionrobot the platform for you. The platform’s robots generate trading signals and execute the trade directly to your broker account. Optionrobot boasts of an 83% winning rate. That’s rather impressive. You might not want to stake money you cannot afford to lose on Optionrobot though.
Joining Optionrobot is quite easy and straightforward. You just sign-up, make a deposit and set up your robot to start trading. Optionrobot features three trading systems. The systems have different risk levels. They are;
- Classic System – this system has the lowest-risks, and the lowest potential income as well. It is considered the safest and secure. The prospects of making any substantial returns are quite slim though.
- Martingale System – this system offers you the highest possible returns, but also the highest risks. If you get it right on this system, you’ll be smiling all day long. The risks of losing your money remain high though.
- Fibonacci System – this is the most accurate system. It is a middle-ground between the two. It strikes the critical balance between returns and risks. You could lose money as much as you could win some.
The other important aspect of the Optionrobot is the trading indicators. These help you set up the robot. The robot monitors these indicators as long as it is active, and makes decisions based on the settings you provide. Optionrobot has six trading indicators that you can make use of. You can work with multiple indicators depending on your knowledge of them. All the indicators need to send a sell signal to the robot for it to sell though. They also need to all have a buy signal if the robot is to buy. The signals include;
Ayrex is yet another binary trading broker from Cyprus. Ayrex launched its platform in 2020. It is however not regulated by CySEC though. The company has applied for licensing from CySEC. The platform boasts of over 230000 subscribers to date. It also takes pride in some of the fastest trading speeds with 99.95% of its trades taking place in a mere 28ms. The platform allows direct or high low speculation on the trend of the asset you choose to trade with. Except for the being unlicensed Ayrex seems like the ultimate binary options trading broker.
Ayrex has a very interactive and responsive website. They also operate Android and iPhone Apps. You can choose to log in to any of these platforms depending on which one works best for you. Ayrex offers several trading accounts. One of the accounts that stand out is the Islamic account. Ayrex has put up an account for Islamic people, that is in full compliance with sharia laws. Trading on Ayrex.com is easy and straightforward.
- First, you register for a free account
- You will have to verify your identity
- You then make the minimum deposit of $25
- Click the start trading button
- Select the options you want to work with. Ayrex has a couple of options.
- Choose the asset that you want to trade with
- Speculate depending on the option you have chosen
- Stake the amount you want so long as it within the minimum and maximum investment values
- Confirm the trade before the deadline and wait for the results.
Ayrex may not be the best platform for beginners. There is not much learning material or guidance resources available. You need to know how to analyze the market and make correct predictions before you engage on the platform. Otherwise, you will be risking losing your capital. You can choose a demo account first before engaging on the real account so that you get to learn the ropes.
On the short-term direct speculations, Ayres pays up to 80% profits on the invested amount. The long-term or high-low speculations could attract a payout of up to 85% profits on the invested amount. Ayrex has frequent trade signals that have been proven to have a winning rate of 60%. That’s is not a winning rate you want to put your trust one if you are not experienced though, considering their payouts are a bit low. All factors considered, they are still one of the best binary options brokers 2020.
Cryptorobot365 is yet another Seychelles-based binary trading broker. It mainly deals with cryptocurrencies. You can trade with Ethereum, Bitcoin, Monero, Litecoin or Ripple. The platform, unlike the others, is quite straightforward. You just buy the cryptocurrency of your choice under speculation that it will appreciate in price. The platform is an automatic platform. It monitors the trends in the cryptocurrency market and sells or buys cryptocurrency on your behalf to help you make profits.
There is not much to learn about the Cryptorobot365 trading platform. They have web and app trading platforms. You can choose any depending on your preference. The platform needs you just to deposit the minimum amount, select the cryptocurrency you want to trade in, and activate the robot. It is one of the best binary options robots. This model is a great option for people without sufficient knowledge about cryptocurrencies. Keep in mind that you could lose the money too. The platform has a demo account that you can use to try out first before you invest your money.
- The minimum deposit is $250
- The maximum returns are dependent on the margins of the sales made
Binaryrobot365 is yet another robot based binary options broker. Instead of you monitoring the markets, yet set the ideal market conditions and let the robot make the trade when it detects them. Binaryrobot365 claims to register up to 90% win-rate among it traders. It is a great platform for novice traders to try their hand in binary trading. Binaryrobot365 is one of the best binary options brokers in India.
Binaryrobot365 operates web and app platforms. You just sign up for an account, choose a binary robot service provider and switch on the auto-trade function. It is important to note that the binary robot you choose is a central determinant of whether you are going to make money or not. Make sure the service provider you settle for can be trusted. The robots are technically developed and are based on empirical data. Some of the market factors are non-quantifiable though. Therefore, the robots cannot guarantee you returns.
- The minimum deposit is $100
- The maximum returns are dependent on the broker you choose. The returns range between 85% and 90% profit on your investment.
Binary.com is a UK-based binary trading broker. It has been licensed by and is under the regulation of the British Isles, Malta, Ireland and the UK. It is one of the most transparent binary options brokers uk. It has made declarations of owning the company, and it is in charge of the market operations. The platform brings together aspects of gambling and binary trading. Its services include FX margins, Crypto trading via MT5 and CFDs. Binary.com offers you over 100 instruments to trade with. Binary.com also offers you interactive webinars, daily market reports and eBooks and videos for learning, all for free.
Binary.com operates a website and Android and iPhone Apps. You can log in to your account on any platform of your choice. The platform also offers you the option to trade on a virtual account before you move to a real account. Newbies to binary trading can take advantage of the virtual platform and learn the ropes. The platforms run 24/7 all year long. They have interactive and easy to understand charts to help you follow the market trends. The platforms are quite responsive too.
The minimum deposit for a bank transfer or by bank card is $10. Those with e-wallets can deposit as little as $5. You start trading by choosing an instrument to trade with and setting aside a trading duration. You have to have to complete the trade before the expiry time.
The return percentages are not fixed. They vary from time to time. You need to have more than 25 turnovers so that you can have a withdrawable amount. Binary.com also pays a 1.5% payout commission.
The bonuses are not fixed either. You can get two types of bonuses. There is the deposit bonus and the free bonus. You get the deposit bonus one you deposit money above a certain amount. The free bonus is given as per the results of your trades.
Finmax is a Bulgaria-based binary options broker. The platform was launched in 2020 and boasts of a team of financial market professionals who help people around the work trade in binary options. The platform does not admit US traders though. Finmax has a couple of awards under its belt. They are an indication of its prowess as far as binary trading is concerned. Finmax also offers some of the shorted trade durations. You can set the trade to last for as little as 30 seconds. You can also set long durations. They can be as long as six months, depending on your speculations.
The trading platform allows an easy sign-up process. It has a lot of educational materials. You have access to eBooks, videos and live webinars from the financial market professionals. Finmax also offers a free demo account that you can use to familiarize yourself with the account. Finmax offers five types of real trader accounts. They are;
- Bronze – this trader account has a minimum deposit of $250 and full access to all the features. It also attracts up to 25% bonuses and as well as a payout of 75% more than assets.
- Silver- this account requires a minimum deposit of $1000. It features risk-free trading for up to 25% of your deposit and up to 50% bonuses.
- Gold- this gold account requires a deposit of $5000. It features +2% of return per each trade and up to 100% in bonuses
- Platinum – this account requires a minimum deposit of $25000. It features +4% of return per each trade and up to 100% in bonuses
- VIP – this account requires a minimum deposit of $100000. It features +6% of return per each trade and up to 100% in bonuses
The accounts’ privileges rise with the account’s rank. The high ranked accounts have a lot more privileges.
Trading on the platform once you have the account is easy and straightforward. You choose the asset you want to trade in. You then choose the above and below points. These are the high and low points you are speculating the asset to remain within. You then choose the expiry time and complete the trade before the deadline.
Finmax offers up to 90% profits on the invested amounts. These are some of the highest binary trading revenues you can get.
FXMasterbot is yet another binary trading robot. It offers 17 forex pairs and five cryptocurrencies to trade with. FXMasterbot claims the platform made by a team of financial analytics professionals. It delivers trading signals after every minute. The system just like many robots, allows you to connect to your broker’s platform.
Engaging in FXMasterbot is quite simple. You just need to sign-up for an account, then fund your broker’s accounts and set-up the robot and activate it. The robot will trade according to the delivered signals. Unfortunately, the information available about the operation and payout of FXMasterbot is quite scanty.
You can log in into your account using the browser platform or the Apps, either Android or Apple depending on your preferences. It is not prudent to invest on a platform whose results you don’t know and have no way of finding out though. There have been various complaints from traders who have used the platform.
Binarycent is a forex CFD trading platform. You trade in binary options with forex as the asset. Binarycent has one of the lowest minimum investment amounts. You can invest as little as 10 cents on Binarycent. Binarycent works just like a majority of the other binary options brokers.
Binarycent offers three types of accounts depending on the starting capital you have. They are;
- Bronze – this is the lowest caliber trading account on Binarycent. The minimum deposit required is the $250. The account features 24/7 live video support, I hour withdrawals, 20% bonus, and a copy trading tool.
- Silver – The minimum deposit for this account is $1000. The account features all the privileges on the bronze account, plus 50% bonus, master class training, and first three risk-free trades.
- Gold – this is the highest caliber account requiring a minimum deposit of $3000. It features all the features in the silver account, plus 100% bonus, and a personal success manager.
Binarycent also offers a demo account for novice traders. You need to have a certain level of knowledge before you decide to engage in the platform though. Once you have one of these accounts, you can go ahead and choose an asset to trade with. Set up the duration and put up your stake.
Binarycent has maximum revenues of up to 95% profit on the staked amount. You can access the platform through your windows or mac browser, as well as through an Android or Apple App. Their methods of funding the account and withdrawing are quite simple. Unfortunately, the platform offers no trade signals. Your trade is solely based on your analysis and speculation, unless you have the Gold account. You can get some advice from your success manager. Either way, the decisions are still all yours. The manager can only give pointers.
Binarymate is a UK-based binary options broker. The UK has strict regulations for binary options trading. Binarymate is registered in the UK, and it accepts US traders too. It is one of the most reliable and secure binary options trading platforms. It is actually one of the most trusted binary options brokers. Binarymate offers more than 100 assets to trade with. It boasts of 5372 trading accounts in the system and $ 3452175 worth of trading volume in the last month. The platform also offers a lot of training and educational materials that newbies can take advantage of.
Binarymate operates a proprietary website, but they don’t have either android and iPhone Apps. You can conveniently access the platform from any device of your choice. The platform is quite easy to sign-up to. They have three types of accounts, each with a minimum deposit. The perks of having an account with Binarymate include;
- 24/7 live video support
- 1-hour withdrawal processing time
- Secure trading and data protection
The accounts are;
- Bronze- the bronze package features a minimum deposit of $250. You will also get a 20% bonus on your deposit.
- Silver- this account requires a minimum deposit of $1000. It also comes with a 50% bonus
- Gold- this is the highest caliber account. It requires a minimum deposit of $3000. It allows you to choose between a bonus of $250 or risk-free trades.
Binarymate offers stellar customer care support and through their live chat video agents. The agents are available 24/7. It is the best binary options brokers with low minimum deposit uk.
You have the option to start with a demo account if you are a novice to binary trading. You do not have to invest your money before you have learned the ropes and risk losing it. Binarymate is one of the few offshore binary options brokers US. It also one of the best binary options brokers usa.
- Minimum deposit: $250
- Maximum returns: 90%
- Bonuses: up to $250, risk-free trades
Raceoption is yet another highly rated binary options broker. Raceoption is UK-based and is subject to the UK’s strict laws and regulations. The brokerage was launched in 2020, and it has one of the friendliest platforms. Raceoption accepts traders from all over the world, including those from the US. The platform boasts of average trader earnings of 1217 per month. It has 1570 traders as at the moment and more than $1.9 million in trader earnings per month.
Raceoption operates a user-friendly proprietary website and an App on both Android and Apple platforms. Raceoption offers three types of accounts. You can sign-up for any one of them depending on the starting capital that you have. The platform offers you over 100 assets that you can trade in. Trading on the platform is quite easy and straightforward too. Below are some general steps;
- You first select the asset you want to trade in on the drop-down menu.
- Choose your preferred expiry time
- Choose the amount you want to invest
- Confirm the trade before the deadline allowed
- You will profit with a fixed amount if it turns out you were right.
Raceoption has the signature three accounts. They are;
- Bronze- this account requires a minimum deposit of $250. It features a bonus of 20%, 24/7 live support, I hour withdrawal, demo account and copy trading tool.
- Silver– this account requires a minimum deposit of $1000. It has all the features in the bronze account, plus 50% bonuses, a master class training, first 3 risk-free trades and an individual account manager.
- Gold- this is the ultimate account on Raceoption. It requires a minimum deposit of $3000. It has all the features in the silver account, plus integrated technical analysis, and up to 100% in bonuses.
Raceoption has a wide range of funding and withdrawal methods. You can choose one that suits your convenience. Raceoption has up to 90% payout profits. These are some of the highest payouts in the industry. Many brokers do not admit USA traders. Raceoption is the best binary options brokers for USA traders. It is one of the best us regulated binary options brokers.
Automatedbinary is a binary options trading robot. It is a great service for novice binary traders and veterans as well. It allows you to work with several binary options brokers. You can connect your robot account with several binary options brokers too. Automatedbinary offers you three robots plans depending on the level of risk you are willing to take. Keep in mind that high-risk options mean you can easily lose the money, but you will get a pretty sum if you turn out to be right. Low-risk options may not have high returns even if you are right.
Automatedbinary runs a proprietary website and an App on both iPhone and Android platforms. Engaging on the platform is quite simple. You just sign up, choose the broker you want to work with, and fund the broker account. Keep in mind that the payouts and bonuses you get are dependent on the broker you choose. The brokers have different accounts on offer depending on the amount you can deposit as the minimum deposit.
You then embark on setting up the robot. Choose the risk plan you are willing to work with. Automatedbinary offers three risk plans. They include;
- Safe classic – this is a basic low-risk plan. It is a great place for novice traders to begin so that they have time to study the trends before possibly losing a lot. You can set the trade amounts to be anywhere between $5 and $500.
- Compound martingale – this is a high-risk plan. It is mainly used by casino gamblers. This plan is better for a veteran who has studied the trends for a while and knows what to do when. You can easily lose the money on this plan, but you will be smiling all day long if you turn out right.
- Accurate Fibonacci – this plan is a middle ground between the latter two. Many traders choose this plan. It represents reasonable risk levels and impressive returns when your speculations are on point. You could still lose though.
The next part of setting up the robot is the match indicators. The indicators are the prompts that tell the robot when to buy or sell. Automatedbinary offers six indicators. You can choose one that you are comfortable with, or multiple if you know how to work with them. Keep in mind that the indicators must send identical prompts for the robot to execute any trade. If you are using two indicators, both indicators might signal to buy for the robot to sell. It applies the same if you are using six of them. More indicators reduce the risk involved in the trade. However, you might end up with zero or very little returns if you combine too many indicators. Automatedbinary works with the following indicators.
- TREND indicator
- CCI indicator
- RSI indicator
- Williams indicator
- Stoch indicator
- MACD indicator.
Zoomtrader is a Belgium-based binary options trader. Just like many others, it offers the opportunity to trade in stocks, forex pairs, and commodity movement. Zoomtrader has a very interactive platform. However, the platform has no information about its previous trades or revenues generated. That is always a red flag.
Just like all the others, Zoomtrader offers web and mobile trading platforms. It features three types of trading accounts. The accounts are as follows;
- Bronze – this account requires a minimum deposit of $1000. It has one trading strategy, weekly market reviews, and an introductory video course.
- Silver – this account requires a minimum deposit of $5000. It features two trading strategies, daily and weekly market reviews, introductory and advanced video course.
- Gold – this account requires a minimum deposit of $100000. It features five trading strategies, daily and weekly market reviews, introductory and advanced video course, individual account manager, weekly one-on-one trading sessions and same day withdrawals.
ZoomTrader features payouts of up to 83% profit on investment and bonuses of up to 100% on the first deposit.
Hyoption is a binary options broker that is licensed by CySEC. It is owned by a company called HYCM based in Cyprus. Hyoption just like many other brokers allows you to trade in binary options using various assets. It offers up to 100 assets that you can trade with. Hyoption does not offer much information regarding how many subscribers they have on the platform, or the revenues collected. Their trading platform has similar features as many other brokers that we have reviewed.
The Hyoption trading platform is user-friendly and features most of the basic features we have become accustomed to. They operate both proprietary webs and Apps on both Android and iPhone. The system allows you to choose an asset of your choice and speculate on its trend over a preferred period of time. Hyoption have a wide range of options with regard to time. The options range from 30 seconds options to 1-month options.
Hyoption has a very straightforward and easy to use the account. The minimum deposit for a Hyoption account is $100. The minimum investment amount is $5. It offers maximum payouts of up to 83% profit on the invested amount. Hyoption offers bonuses of up to $10000 for new traders. The bonuses are subject to terms and conditions regarding their withdrawal though.
24option is an online trading platform based in Belize City, Belize. It has been around since 2020, and it is one of the most stable and reliable trading platforms. It is under the rules and regulations of CySEC (we are going to talk about this later on in the review). 24optios’s binary trading is enabled by a third-party entity named TechFinancials trading platform. 24option does not accept traders from the US and Australia.
24option has a website and Apps on both play store and Apple store. Once on the platform, you choose the CFD (contract for difference) you want to trade with on the upper toolbar. There is a filter to control the CFDs you want to see. The platform features indices, forex, stock, and commodities. Next is to choose the direction in which you want to invest. There are numbers in the Buy/Sell buttons that indicate the points required to pass for a successful trade. You trade has to be higher than the number indicated in the buttons. Then choose the duration for which you want to trade and confirm. The graph will show you the progress of your trade. Green means your speculation is positive while red means they are negative.
- The minimum deposit on 24option is $250
- The minimum investment is $24
- The maximum returns are 88% profit on your stake
- There are bonuses of up to 100%
- Regardless of a high minimum deposit 24option has already carved a name for itself as one the best option trading brokers.
Binomo is yet another Seychelles-based binary options broker that has been in operation since 2020. It has been providing brokerage services for Russians. Binomo is registered and regulated by the EU. Binomo prides itself on unique and affords trading conditions. It is hailed as one of the safest and most reliable binary trading platforms in the industry. It is a great platform for binary trading newbies too. It has a wide range of training resources.
In 2020 Binomo had the best trading platform. It still has one of the best trading platforms today. When the platform was launched in 2020, it shook the market and won Binomo a huge chunk of the market. Binomo offers up to 80 assets that you can trade with. The assets include some of the worlds largest companies. Binomo offers four types of accounts each with different privileges depending on the minimum deposit. The accounts are;
- Demo account– this account is meant for novice traders to experiment before they start staking actual money.
- Standard account– the minimum deposit for a standard account it as low as $10. This account allows you access to the real market and analytical support. You can also take part in tournaments and special offers. This account has payouts of up to 83% profits on the staked amount.
- Gold account– this account has a minimum deposit of $500. The privileges of this account include an expanded list for trading assets, a personal manager, bonus funds and 5% refund on losses. This account has payouts of up to 86 % profits on the staked amount.
- VIP account – this account attracts a minimum deposit of $1000. It is accompanied by privileges such as 10% refund on losses, the widest choice of assets, personal manager accessible on skype, and 4 hours withdrawals. This account has maximum payouts of up to 90% profits on the staked amount.
Best Binary Options Broker Selection Guide
The reviews above are meant to give you insight about how binary options trading works and the various brokers involved. Our aim is to ensure you have a blissful and profitable trading experience. It would be unfortunate for you to invest your hard-earned cash into a certain platform, only to lose it all. Before you settle on any of the brokers, there are a few common factors you are supposed to consider. The factors are;
Licensing and Regulation
The binary options brokers are supposed to be licensed for operation by the relevant authorities. They should be operating under the regulation of these authorities. The regulation is always in place to ensure you are protected from scams. If you are not a financial analysis professional, it would be difficult to tell whether the market trends being displayed on the charts are real. The regulation is meant to ensure the brokers do not take advantage of the naivety of some traders. Regardless of any reviews you might have seen about various brokers, ensure the broker you choose to trade with is licensed and under regulations. For instance, CYSEC is one of the most respected regulation bodies. It regulates brokers based in Cyprus. It might be challenging to best binary options brokers for us traders because of USA’s tight regualtions.
Ultimately, you can only invest the amount that you have. Take time to explore the various binary options brokers whose minimum deposits you can meet. Fortunately, many of the brokers have broken down their services into various packages for people with different financial capabilities. Check relevant reviews to find out which of the brokers whose minimum deposit you can meet is best for you. They are a number of brokers with very minute minimum deposits.
Different brokers offer different percentages of payouts. Obviously, everyone would want the broker with the highest payouts. Compare the payout and other factors such as customer support, market signals and tips, educational materials, and others. This will help you judge how fair the payouts the broker is offering are.
The reviews and guide above should help you choose your best-suiter binary options broker. We sincerely hope this review can help you trade in binary options profitably. The review has some of the top binary options brokers. You should be able to get a great binary options broker. Happy trading!
Binary Options Industry Update; Technology Providers Expanding Their Reach
New Tools For Binary Options Traders, Or The Same Old Thing?
The rush to attract and retain clients is reaching a milestone as a number of top technology providers have announced new efforts to expand their reach. The latest wave of products, gimmicks and partnerships comes on the heels of several industry conferences and most are expected to hit the market for traders in mid 2020.
The First P2P Binary Options Exchange, Not Even
Ultima Capital Limited, registered and headquartered in St. Vincent and the Grenadines, has launched what they call the 3 rd generation of binary options platforms. The new platform, called TradEqual, is a peer to peer platform that is seeking to disrupt the traditional model of “trading against the house”. Their model allows traders to buy and sell options to each other on a social trading style platform where users are able to share ideas. They claim to be the first such binary options exchange but long time and well informed traders know that NADEX, Cantor Exchange and IG Markets have been offering this style of trading for many years.
Features include a chat room to discuss trading, the ability to write and sell options and an “order book” that shows open and unfilled orders. Buyers are able to choose from among a list of offered options, sellers are able to tailor the risk/reward profiles of options they wish to sell. While an interesting concept the exchange is not yet widely used which means there are few options being offered, and little chance for orders to be filled. For more information about this new platform you can visit our forum.
Mobile Trading Gets A Fresh Face
Mobile trading has been growing in popularity but as yet no platform matches the quality of a top level desk top broker, even the ones offered by industry leaders. Technology provider Tradologic, a leader in desktop trading, has decided to focus its attention on mobile traders by giving its mobile platform a much needed face lift. The platform, called Mobix, is scheduled to launch by the end of May, 2020, and includes a number of upgrades of interest to traders and will be available on iOS and Android based mobile platforms.
The first and probably the most obvious is the platform itself. The trade view will more closely match what is available for desktop traders making it much easier to navigate and use. Along with the face lift are a number of new features previously unavailable to mobile traders. These include enhanced charting and more assets. Charting will be available in multiple time frames and can be viewed as a line chart, an open-high-low-close bar chart and in candlestick mode. The asset list will also be expanded, most mobile apps are notoriously light on tradable assets, this one will include all the top indices, forex pairs, stocks and commodities typically available to desk top traders.
Martin Parvanov, Tradologic’s product manager, had this to say in an interview with FinanceMagnates: “Our goal was to create a clean, intuitive and easy to use mobile app and I am very happy with the result. It clearly stands out among the many trading apps currently available on the market.”
We here at ThatSucks.com (former BinaryOptionsThatSuck.com) are exited for this new development and are eagerly awaiting its launch.
Asian Expansion Seen As Key For Industry Growth
Asian based traders can get exited by a newly announced partnership for TechFinancials intended to bring better binary options trading to the Asian market. TechFinancials, the first technology provider to list on the London Stock Exchange, announced the 2 nd of two joint ventures with Hong Kong based firms. The latest JV is with IBID Holdings Limited, a company in business to help growth oriented online companies, is intended to grow TechFinancials Asian presence in China and other Asian nations. The deal would create a new company, 51% owned by TechFinancials, in which IBID would invest $300K and TF would provide proprietary technology and the core brand. The JV is expected to launch as early as May 1 st of this year and is expected to last at least until mid 2020. The deal is contingent upon a trial period in which certain goals must be met in order for the JV to move forward.
TechFinancials had this to say in a press release posted on their website: “The Company is very pleased to be forming this Joint Venture with IBID. The Board believes the JV will prove highly beneficial to the Group, providing sales and marketing expertise and additional working capital to grow the brand. In addition, we believe that the combination of mutual strengths of the Company and the Partner will substantially strengthen operating performance. The collaboration continues our stated strategy at IPO which is to further expand our business through partnership with key players in the online B2C space. The Board believes the JV will improve the long-term sustainability and consistency of our growth prospects while generating extra cash flow.”
Free Money To Trade? Different Angle to Trading Technology
O-Systems, a lesser known technology provider, is unleashing what they call O-Freemium. This is a new tool intended for the brokers but has deep implications for traders as well. Basically, it is the ability to trade for free on O-system platforms but comes with some caveats. First, free means a light version of the platform. In order to get the fully featured trading application you will have to make a deposit. Second, when using the “free” services you will be continually plagued by pop-up ads leading traders to make deposits. Third, the free service only allows you to trade with $35, not very much for experienced traders or newbies. Fourth, the “free” service is nothing more than a no-deposit bonus and we all know that those suck. Fifth, at best this free service can be considered a demo account and as such, is not that great. Nevertheless, we appriciate technology providers and brokers trying to provide a new angle for trading, whether it’s what traders look for or not, only time could tell. O-Systems Freemium Services.
Binary.com is one of the oldest and most respected names in online binary trading. Using their website, customers can trade currencies, indices, stocks and commodities 24/7. They have the most flexible pricing and the most comprehensive suite of products available.
|Headquarters||Binary (Europe) Ltd, Mompalao Building, Suite 2, Tower Road, Msida MSD1825|
|Support Number||+44 (0) 1666 800042, 0800 011 9847 (Toll Free)|
|Languages||English, Indonesian, Japanese, Chinese, Polish, German, French, Spanish, Portuguese, Italian, Thai|
|Trading Platform||Own development, TradingView|
|Minimum 1st Deposit||$5|
|Minimum Trade Amount||$1|
|Maximum Trade Amount||$100000|
|Bonus||Up to 100% on deposit|
|Payout||Up to 100%|
|Free Demo Account||Open Demo|
|Regulation||gamblingcommission.gov.uk (39172), mfsa.com.mt (IS/70156), mga.org.mt (MGA/CL2/118/2000)|
|Account Types||Demo account, real account|
|Deposit Methods||Bank transfers, credit cards, debit cards, payment systems (Qiwi, Neteller, Yandex.Money, Moneta.ru, Webmoney, OKPAY, Skrill, FasaPay, etc.), e-currency|
|Withdrawal Methods||Bank transfers, credit cards, debit cards, payment systems (Qiwi, Neteller, Yandex.Money, Moneta.ru, Webmoney, OKPAY, Skrill, FasaPay, etc.), e-currency|
|Number of Assets||100+|
|Expiry Times||From 10 seconds to 365 days|
|Types of Assets||Currency, Stocks, Indices, Goods, Crypto-currencies (Bitcoin, Bitcoin Cash, Etherium, Litecoin)|
|Option Types||Up/Down, Touch/No Touch, In/Out, Asian, Digital|
|Account Currency||AUD, EUR, GBP, USD|
|US Traders Allowed|
Terms of trade with Binary
The Binary.com company is a recognized innovator, offering a convenient trading platform, which is one of the most award-winning platforms for trading binary options. Patented pricing technology at Binary.com allows you to get the same percentage profit as traders in the interbank market. Members of Binary.com have a valuable opportunity to maintain constant contact with broker consultants via chat, e-mail or phone, getting qualified help or resolution of specific issues that have arisen in the course of trade with the use of different strategies.
We are confident that this is a big plus for all traders, including the most experienced. At the Binary.com site, you can always see live prices in real time, standardized with respect to the inter-bank markets. Binary.com offers payment of more than 100% on simple contracts such as Rise/Fall. Win up to 1000% for contracts «above»/«below» and «touch»/«no touch». There are no hidden charges or fees. In addition, the broker provides free webinars, a free daily overview of the market and e-books and trading charts.
Here are no hidden charges or retainages. Besides, this broker provides free webinars and daily market review, e-books and trading charts. The essential advantage of the company is, that it goes extramile, growing fast, offering to the user the modern trading process approach, a great number of useful options and quality content of the website binary.com (the real traders’ feedback is available below), advantageous tariffs, quick deal execution, rapid system transactions.
The broker has been operating successfully since 1999 and has a solid image, more than one prestigious awards due to the quality service and safe trading. For traders, which number is increasing on the website, the advanced assets are available, one of the functional platforms. Users can buy any items with the brand logo on the website binary.com. As we already mentioned, the feedback of customers about the platform describes its positive features and this cannot but increases the level of credibility to the company.
As one of the sophisticated market brokers Binary offers for the customer the proven and quality service only. Binary trading takes place in the program SmarTTrader, which is considered to be among the major ones in the market. The web-platform doesn’t need to be downloaded and set on the computer – you can trade in the browser right after the registration. The advantage of the terminal is its convenience and minimalism, no extra options and details, this makes it comfortable for market novices. Also there is a user’s guidance available on the official website binary.com, which lets you quickly find out in the aspects of the platform and start trading.
Here 5 option kinds are available («up»/«down», «touch»/«no touch», «inside»/«out», Asian, digital) along with the information on them. You can perform technical market analysis changing the ways of the chart display, expiration, adding indicators to it, compare several assets. And yet the trader needs to get used to this platform as it’s creatively different, even though simple. The customers often point its complexity, but indeed, one needs just get used to any similar trading solution to use all its capacities.
The personal account is also informative, lets you easily monitor trading history, deposit balance. On the website binary.com you can try trading robots, various kinds of software, buy books, cloths with company logos, certificates for updating your account in a «Shop» etc. Interestingly, the broker lets you also work with information from the resource TradingView, which is offered here with no advert neither the registration need. This platform became well-loved by users as it contains the huge feature set, convenient charts with as many option, as possible. Such concern to the service is encouraging for a trader – the broker considered this issue really well, offering to its customers just the solutions allowing to a trader to earn from options easily.
Binary broker quotations
As for quotations, they are aired from the interbank on the platform binary.com and for this no liquidity providers are called. Such approach lets the broker timely provide the accurate information, good for investors making money. All quotations here are equal for different account and customers types.
There are the disputes in Internet arising on the issue of quotations accuracy. Traders begin compare them to the data from other projects, like MT4, TradingView but they don’t realize that these platforms have their own policy to work with this information. The broker is often charged with quotation change to its own benefit. On one of forums the company manager Olga Borg replies such declarations, that it’s impossible to do, much less to each user, especially for the company effectively working in the market since the year 1999. Let’s point out here that the company passes audits, updates licenses, does everything possible for the trade to be safe and for customer to trust the brand.
Binary demo account
On the official website binary.com you can use the free demo account, too, which is available for any registered user (you just need to put your e-mail in the form). The services of the training account don’t differ from those for the real one, here the trader can also perform the technical analysis of the market using a wide range of tools, study reference literature and trade in the market of course.
For this, the virtual money are placed to the account ($10 000), thus you can properly get to know the broker’s capacities with no risk for your own capital. The training trading shall not be just a trader’s game. Using this unique option users can check the correct terminal operation, support service reactions and so on. After the appropriate study of the platform the customers can define an account type, top it up, trade in the real market already and make decent livelihood. At that the training account will be a perfect chance to test here the author’s strategies etc.
Binary mobile application
One of the earliest market brokers also offers to its users the special mobile application Tick Trade for option trading (available on Android). The program is free, convenient and easy-to-work, contains the main services of the web-version: all kinds of options available, settings of rates, work with chart, market analysis. To use it, you need to download it from Google Play, sign up there and here you are – enjoy the rapid and powerful trading at your convenience.
The advantage of such mobile platforms with access to financial markets is that the work becomes much more easy and comfortable. The trader’s smart phone is always there, now you can enter the market for trading any time, execute transactions from anywhere in the world and even in motion. Here you can also check your account status, customize your profile, leave the withdrawal orders quickly.
There is no need for the earliest broker to offer for customers specific exciting bonuses and appealing offers, as the minimal deposit here is just 5$. This attracts to the platform new users very well, which always look for available trading options.
And yet Binary runs campaigns for traders, even though less often than its competitors. There is welcome bonus accrued to the accounts of the new platform users: up 10 to 100% (depends on the sum on the deposit). The entire gain from the bonus is available for withdrawal in any convenient way.
Deposit and withdrawal
To deposit and withdraw funds, you can use credit/debit cards, Moneybookers, bank transfer, Neteller, Qiwi, Okpay, Webmoney and a number of other payment systems that are provided on the company’s website. Customers receive payments in 3-5 working days.
As traders point in their references, the withdrawal orders are processed quickly, transactions are rapid in the system. At that you can always leave a message for the support service and get the answer in time. And yet, here is the negative feedback, too. Generally the customers complain against managers ignoring them and simply disappearing while abnormal issues, or against the withdrawal, which may happen for too long. The broker’s support service explains this by the funds located in a certain company department, ready for transfer to the user’s account as soon as possible.
There are also withdrawal denials: for example when a trader depositing by bank card leaves the request for withdrawal through Qiwi, even though it’s wrong and mentioned in the system rules. Or rather we can deduce that the trivial ignorance of the platform operation rules may result in negative implications, thus you’d better be aware and study materials available on the website binary.com. The feedback from real traders proves that the platform is recommended to investors on various forums and has its loyal customers trusting it.
Complaints about Binary
Our team has looked for negative comments from users of the Binary broker and did not find any relevant information that affected our review. A very small amount of negative feedback appears in the form of minor technical problems that were easily solvable. On several forum sites, we did find a complaint from a customer who had to wait more than 5 days to withdraw his funds. We did not interpret this as a big problem, as it was a technical problem related to payment methods. We also found that the problem was successfully solved by the broker, and no more complaints from the same individuals have been posted since.
If we find complaints about Binary, we will post it on social media. Follow us to be well informed:
Binary broker regulator
Binary is licensed as a representative of the services in category 3 Investment Authority and regulated by the Malta Financial Services Authority (number IS/70156 license).
Binary user agreement
Any trader planning to become a professional stably earning from his investments in options on the broker’s platform shall study its documents allowing him to see a lot: operator’s warranties for platform users, the list of user’s obligations, responsibilities of broker and player. Such document of Binary is called «Terms and Conditions» and available right on the first website page (at the bottom of the website). Why do you need to study this information? At least to know the aspects of the platform operation, the issues, which the user is secured here from, the broker’s warranties. Starting to deal with the platform the customer automatically accepts the paragraphs of the «Rules». As any «User agreement» with a broker, this document contains many rules, which may produce different reactions and a set of questions from traders.
For instance there is the clause in Binary «Rules», according to which the broker reserves the right to deny the services to the customer, cancel them any time (these are, for example, trading transactions), if his activity is considered to be illegal. There are several reasons listed in the document which may effect such a broker’s decision, but this is not a full list – exactly that «but not limited to», see the screenshot below:
In other clause of the «Rules» it is explained what actions the broker will take in various emergency cases etc. So the company may stop the transactions performance with reference to, let’s say, unstable political situation, failures of communication means and so on. Stop trading and withdrawals the company may even at the slightest pretext, as here the wording «but not limited to» works see the screenshot below:
Besides, in case of any emergencies given in the screenshot above, the operator may close transactions by the price it considers appropriate for that given moment. The trader may not be notified about such actions of the broker.
Is Binary a scam?
Summarizing, we can definitely say that Binary is one of the most trusted brokers on the market today. The company has been in business for more than 17 years, and the trading conditions and their trading platform are extremely easy to use and attract a large number of clients. The minimum deposit is only $5, and the minimum bet is $1. They offer free trading signals, with which you can successfully trade on binary options using their platform.
The broker offers a large number of completely free options related to education and e-books on all aspects of trading, as well as a huge database of questions where you can find a solution yourself, by selecting the appropriate response to your problems. The binary broker is fully adjustable, and you can be confident in the safety of their investments. Binary is one of the most stable brokers on the market. For a long time, the Binary broker regulated by the MFSA, the Financial Services Authority of Malta.
The Binary broker has many years of experience in the trade industry and is extremely simple and comfortable to work with. This, combined with a reliable and highly customizable terminal, makes the Binary broker an excellent choice for trading on the market of binary options. Binary is a regulated and 100% reliable binary options broker.
The company provides an ample and totally free package of tools for self-education, which also speaks to their respect for their customers. The minimum deposit amount is only $5, so you can quickly start the process of trading with minimal investment. Binary deservedly takes its place in the top ten brokers on our website fraudbroker.com, and we are sure this broker is a great choice for traders from both Russia and the entire world.
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