Ever since the approval of binary options in 2008 by the United States Securities and Exchange Commission, many traders have been interested in exploring and widening their investments in binary options trading. And since there is an increasing list of brokers available today, it is very challenging to narrow down your options to locate the one that fits your preferences.
Binary options are easy to understand and are accessible when compared to other trading tools alternatives available. They also possess the potential to improve your financial life. It's no surprise why many people are searching to locate a top-tier binary options broker so that they can commence work on their trades and start earning some money.
But, despite all the benefits attached to binary options, they are somewhat risky despite their transparency. For example, several binary options brokers are outright scam or are not very well regulated.
In various continents, specifically in Asia, binary options markets have remained strong due to the high payouts that keep traders coming back for more.
To avoid scam or fraud in binary options trading, it is important to use a trustworthy broker. These kinds of brokers can assist you in minimizing losses and provide security for your funds. Every broker option varies in terms of supported assets, maximum returns, and minimum deposit. Some brokers even permit traders to make use of cryptocurrency to get payouts or even fund their accounts. So, you should check out the brokers' terms before deciding on which one to go with.
Below are some of the features you should watch out for to identify a good broker platform:
One of the most important things to check out for is customer service. There is nothing more frustrating than when you cannot reach a customer support advisor when you have an issue to sort out or a question to ask.
The customer care must be accessible either by email, telephone, or live chat to make your trading experience the best.
Here is a table summarizing the Binary as mentioned above Options Brokers
|Trading Platforms||Year Founded||Minimum Deposit||Maximum Returns||Bonuses||Supported trading platform||Minimum trade size||Assets||Demo Account|
|24Option||2010||$100||88%||up to 100%; 25% or $500 (whichever is lowest) for first-time depositors||Web, Android, iOS, and Windows||$1||Commodities, Indices, Currency Pairs, and Synthetic Indices||Yes|
|IQ Option||2012||$10||95%||None||Web, Android, iOS, and Windows||$1||Over 250+ Currency Pairs, Stocks, Crypto, Commodities, ETFs||Yes|
|Binary.com||1999||$5 for e-wallet and $10 for debit and credit cards||100-1000% depending on contracts and trades||Not specified||Web, Android, iOS, and Windows||$1||Commodities, Indices, Currency Pairs, and Synthetic Indices||Yes|
|BinaryCent||2017||$250||95%||20%-100%||Web, Android, iOS, and Windows||$0.10||Commodities, Indices, Stocks, Crypto, Forex||Yes|
|RaceOption||2014||$250||90% Max||20-100%||Web, Android, iOS, and Windows||$1||CFDs, Forex, Indices, Stocks, Commodities||Yes|
|ExpertOption||2014||$10||95%||100%||Windows, macOS, Android, and iOS.||$1||Stocks, Commodities, Crypto, and Forex||Yes|
Below are some of the best popular binary options brokers.
The 24option online trading platform is located in Belize and has been in existence since 2010. Its long existence gives them a favorable history of reliable, stable service and a good reputation. Their trading is facilitated by a 3rd party called TechFinancials, and the brokerage is majorly regulated by CySec (Cyprus Securities and Exchange Commission). However, 24option does not accept any traders from Europe, China, Australia, the US, and more.
The Maximum returns on 24option are up to 88%, while the minimum deposit amount is $250. The minimum investment amount is $24. The trade types offered on this platform are 60 seconds, boundary, one-touch, no-touch, and high/low.
IQ Option is a broker based in Cyprus and controlled by the CySEC (Cyprus Securities and Exchange Commission). Since 2012 when it has been established, the IQ Option has earned its reputation in the list of successful trading platforms. It has over 43 million users that are registered on it database, and boost over a million trading activities per day with clients from more than 213 countries. The maximum returns are 95%.
Binary.com was founded in 1999 and is located in the UK, making the company one of the oldest players in the trading market and a long reputation. It has more than 1 million registered users worldwide, which are spread out across the continents.
Unlike other brokers, Binary.com provides multiple trading platforms to select from, ranging between SmartTrader to Binary Bot to MT5. This enables experts and beginners to explore their network with the trading platform they want, depending on their level of experience or ease-of-use.
Binary.com also provides impressive return rates that can get as high as 1000% on specific binary options trades. It also offers huge market options; you can trade with the most crucial currencies, commodities, indices, and more. It also enables you the unusual opportunity to sell your contract before the expiry time to minimize your loss lock-in profit.
BinaryCent is a binary options platform with CFDs, Forex trading, and options with payouts, which is up to about 95%. It was established in 2017. BinaryCent is owned by Cent Project LTD, a subsidiary of the Finance Group Corp. It is located in Vanuatu and accepts international traders, including the UK, Australia, Canada, and the United States.
BinaryCent is overseen by the VFSC (Vanuatu Financial Services Commission).
RaceOption is a binary broker established in 2014 in the UK. It processes more than 10,000 trades per day. It allows clients from Australia, Canada, and the United States. It works in diverse countries as it is not restricted to some regions.
RaceOption is a dependable broker that delivers attractive payouts of about up to 90% and a category of funding options, including cryptocurrencies (such as Bitcoin and ethereum) and credit card.
ExpertOption is a trusted broker established in 2014, offering binary options on more than 100 assets, including commodities, forex, cryptocurrency, and stocks.
Deciding on which binary options brokers to make use of isn't as easy as it might seem. It involves putting several crucial factors into consideration, as each broker offers something unique. The leading binary brokers go beyond the basics, so ensure you do good research about your broker before making your initial deposit, so you can get the best return of your trade.