Best Binary Options Broker 2020!
Free Trading Education!
Free Demo Account!
Perfect for Beginners!
2 place in the ranking!
IQ Option are one of the largest, and fastest growing, binary options and forex (FX) brokers trading at present – find out why here. Though binaries are currently withheld from UK traders, you can still use ‘FX Options’ which are similar products with limited risk, but open ended upside. We review the v4.0 platform, layout and how you can get the most from your trading account:
- How to use the platform
- The benefits of the mobile app
- Payout information
- Robot feature
- Which additional features to make use of
IQ Option Group has two legal entities: IQ Option Europe Ltd based in Cyprus, which provides services to the EU clients and is regulated by CySec. Binary options are prohibited in EEA. IQ Option Ltd’s headquarters are in Seychelles, this company provides services to non-EU clients and is not regulated.
Binary and digital options are now prohibited in the EEA, including the UK, by ESMA. As a regulated firm, IQ Option can only offer trading to professional clients.
The good news for EU traders however, is that IQ Option have released a new product ‘FX Options‘ to attempt to plug the gap left by binaries. FX Options include the fixed expiry and limited downside of a binary trade – but also provide scope for larger upsides. Read the detailed explanation of FX Options below, or jump there via the Content Menu above.
Despite being relatively new to the sector, having formed in 2020, IQ Option have grown rapidly. This growth was due, in part, to offering low minimum deposits – making trading accessible to large numbers of traders, and ensuring they offered a smooth, enjoyable trading platform. In their words “the ultimate trading experience“. Strong affiliate partnerships boosted growth at a record pace.
CFD, Forex and Bitcoin
Since being founded, the firm have expanded beyond pure binaries. They now offer traditional forex trading, and also cfds. They led the way in cryptocurrencies, offering direct trading access to Bitcoin, Ethereum and others.
In addition to these new trading options, they also added risk management features. Tools such as stop losses and take profit have been added to ensure the forex and cfd traders have all the advanced features they would expect with leveraged products.
IQ Option are not a scam. The firm are CySec regulated (and adhere to the MiFID guidelines) and have started to collect some of the more prestigious awards in the sector too – including ‘Most reliable binary options broker‘ in 2020, from MasterForex-V. The brand continues to grow and innovate and traders will be offered a demo account (practice account) immediately on registering, without the need for a deposit.
- Demo Account – Yes. Available to anyone via the demo login. No time limit and balance can be reset as often as required.
- Minimum Deposit – £10
- Minimum trade – £1 (Maximum trader variable)
- Signals service – Yes, provided within trading platform.
- Bonus details – None. CySec moved to end the practise of deposit match bonuses and as a regulated broker, IQ no longer offer a deposit bonus.
- Mobile App – Yes. IQ provide an excellent mobile trading app. These are covered in more detail below.
Updated v4.0 Platform review
IQ Option have recently rolled out the much anticipated v4.0 platform to all traders. It is a visually stunning platform, and sets the gold standard for binary options brokers.
The old strengths remain – it is a fully configurable platform. Traders can arrange trading windows as they wish – focus on just one, or manage a whole range – whatever suits the trader best. Our screenshot illustrates one ‘main’ window, with three other assets underneath. All can be traded simultaneously.
The price graph makes up the main part of the trading platform. But down the left hand side of the trading area are the navigational buttons to move to different areas of the website (these can be collapsed when not required) – and alongside those are some powerful technical analysis features.
Best Binary Options Broker 2020!
Free Trading Education!
Free Demo Account!
Perfect for Beginners!
2 place in the ranking!
New technical analysis tools have been provided, and these are available from a small menu at the bottom left corner of the price graph.
- Plot Type
- This option allows traders to amend the graph to a format they prefer to work with. Options include the traditional candlestick, line and bar charts – in addition to the default area graph. Each can be tailored in terms of colour and appearance.
- Time Interval
- This is an added area of flexibility. It is surprising how many brokers overlook the fact that traders may want to expand or collapse the time frame of the price graph they are looking at. IQ have added a great layer of flexibility for traders to dive into the price charts and map any trends accurately.
- Graphical Tools
- A natural progression from allowing the charts to be expanded, is to allow traders to draw their own interpretations on to charts. The graphical tools allow traders to add trends, or support and resistance lines – the tools can be used however a trader wishes. This is vital for traders wanting to get their timing right – but again, not always something that is provided on other trading platforms.
- Indicators (Technical Analysis)
- Binary options suit technical analysis, and IQ have provided 9 technical analysis techniques that can be overlaid on the price graph. Traders can watch the MACD run beneath the prices as they move, or overlay Bollinger bands. Again, each tool is configurable, so moving averages can be amended to suit the trader. Ever wanted to amend the ‘smoothing’ ratio on the Stochastic oscillator? with IQ option, you can! In all seriousness, these tools are as powerful as any high end CFD or Forex broker and IQ really have raised the bar within binary options.
IQ have added more configurability to the platform, so traders can set their own colour schemes and hide or show menus depending on their preference. This extends to the trading windows too, where IQ have provided a range of preset layouts to make trading multiple assets much easier.
The Expiry and Amount fields have also had a redesign, with “+” and “-” buttons being added so that expiry times can be pushed back, or brought forward and the trade amount can be clicked higher or lower very easily – without the need to type figures in.
IQ Option also try and add new features to give traders more flexibility. The Position Top-up facility means traders can add funds to a trade to keep it open if it approaches a stop loss. This offers new choices in terms of risk management or trading strategy.
There are tools to amend the time frame of the chart, as well as the plot type (for example, bar charts or candlesticks etc). The technical analysis features are a great addition – traders can add MACD, Bollinger bands or any of the other 8 analysis tools available. They are added instantly to the chart and traders can refine their trades as they need. The drawing buttons allow traders to add freehand graphics to the charts – so they can add trend lines or resistance and support levels.
Just above the new analysis options is the trader sentiment bar. As ever, this shows the way other traders are trading the particular asset. Above that are options to minimise or close the current asset trading window.
The charting offers experienced traders the chance to perfect the best strategy.
Select An Asset
To select an asset, traders can select the drop down arrow at the top of the platform. This will open a new window, where the trader can choose which type of option to use and then select the category of asset (for example forex or indices) and then the specific asset, from eur/usd to Facebook stock. Once selected, the price graph will update for the chosen market.
There are also ‘tabs’ across the top of the trading area where traders can quickly move to assets or markets that they have traded previously. Open positions will also appear as a new tab here – making switching very easy.
The price graph presents all the relevant trading information. The graph itself illustrates the recent price movements, but overlaid on the graph will be vertical lines showing the purchase deadline (the time by which a trade must be confirmed) and the expiration time.
Expiry And Trade Size
There is a ‘Time‘ drop down menu to the right of the graph, and this can be used to amend the expiry time – if changed, the purchase deadline and expiration time will move on the price graph, giving a visual indication of the timings. The -/+ buttons will shift the time to the next applicable time slot.
Also listed on the right hand side are the other key figures for the trade. The trade amount is just below the expiry time – the minimum trade value is just £1. The payout for that specific asset is then displayed. This confirms the percentage returned in the event of a successful trade.
Next comes the Profit indicator, this shows exactly what figure will be returned if the trade is placed – and includes the original investment amount. Finally in the bottom right are the trading buttons. They are clearly marked, not just with the relevant wording, but with arrows to indicate the trade direction as well – and just incase that were not enough, when each button is hovered over, an arrow will appear on the price graph, to show which way the price will need to move in order for the trade to finish in profit.
Where forex of cfd trades are opened, the layout will differ. Additional information such as leverage and stop losses will appear as and when relevant. Traders can also select a ‘take profit’ level to close their trade at a desired price.
Single Click Trading
The trading buttons at IQ Option are ‘single click‘ which maximises the opportunity for traders to get the price they want. There is no confirmation window or approval delay. Once placed, a trade will be available in the ‘Open positions’ window, and a line will also appear on the price graph at the strike price. Once the expiry time is reached, a window will appear confirming if the trade was successful or not, and confirm the profit / loss.
It is a visually exciting, smooth trading environment, with just enough configurability to satisfy almost every trader. While the emphasis is on appearance, the addition of excellent charting and technical analysis tools has raised the bar for the brand – and taken what was already an excellent platform, and turned it into the industry benchmark. Other brokers may offer more trading choice – but none will offer a better trading platform.
FX Options are the innovative new product that deliver the same limited liabilities of a classic option, and the same principals of expiry times – but also deliver price driven upsides that are unlimited.
An FX option allows a trader to go higher or lower on an asset’s price – but they can choose their own strike price. The payout %’s range from -100% (where the trader loses the total amount of that single trade) up to 2000% or greater where the price moves significantly.
As the options are subject to a set expiry time, the usual ‘greeks’ apply, and the ‘sell’ value of an option will vary based on the underlying and the time to expiry. It does however, mean that traders can close (or sell) their option at any time before expiry – either to lock in profits or cut losses.
Currently the trades are only available with 1 hour expiries, and only on the five major currency pairs. This range will certainly be expanded as the brokers takes stock of trader interest.
The screenshot above illustrates the FX option trading screen. The red/green bar on the right illustrates the range of payouts in a single trade. Just to left of those are the strike price choices for the trader. Amending the strike price changes the payouts. They will also vary as the option moves closer to expiry.
FX Options offer UK traders the following benefits:
- Unlimited return potential
- Potential losses limited to the amount invested
- Adjustable strike price
- 1 hour expiration time
- Ability to close a position before it reaches maturity
In addition, the number of markets that IQ offer with FX Options is expanding. Recently added markets include commodities (gold, silver and oil) and indices, including the FTSE and S&P 500.
IQ Option have released a new form of trading, which they have called “Classic Options”. These retain some of the fixed risk associated with binaries, but allow leveraged profit too. So they are similar to a traditional investment, but with a stop loss built in.
The classic option has no short term expiry, and can be closed at any time. This makes it much closer to “traditional” investing. At present, IQ only provide classic options on US stock assets. They are sure to be a popular feature and therefore expanded with time.
Traders can select a strike price. Each level will change the levels of profit and risk of that trade. A user then chooses the amount of “contracts” they want. The cost will be relative to the strike price, and is shown clearly on the Call and Put buttons.
Open trades a visible from the trade history tab, and can be closed at any time. Current profit and loss on each trade shows the up to date status of the option. Overall the classic options look a great choice for traders that like to use fundamentals rather than technical analysis. As noted above, they ‘feel’ more like a CFD, but with a built in stop loss to manage risk.
Here is a video tutorial which demos the FX option product:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The firm have kept adding to their list of assets. In addition, they have also expanded their choice of expiry times – particularly from the binary options lists. End of day, end of week and end of month are now also available. This is a big step for a broker that offered purely short term trades before.
Binary Options – The basic binary option. Will the asset rise in value, or fall? The expiry times on offer with these has grown. Now traders can select from 15 minutes up to end of day, week or even month. Binary Options are however no longer available to retail traders within the EEA, only professionals.
Turbo – Exactly like a traditional binary option, but with short expiry times. Turbo options are usually available in one minute levels, from 1 minute, up to 5 minutes.
Forex – Traditional foreign exchange, offering per pip payouts. The forex windows offer different leverage levels and competitive spreads. Forex markets mean weekend trading is now available.
CFD – IQ Option offer direct access to some markets via contracts for difference. These include the latest range of cryptocurrency markets, including Bitcoin and Ethereum, among others.
Coming Soon – FX Options – These combine elements of binaries and forex trades with simple Call / Put options alongside scalable profits – but with a set expiry.
IQ Option will add assets as their users demand it. Recently the Nintendo share price saw a lot of interest, due to the Pokemon Go release. The broker was quick to add Nintendo to their list of assets. This reflects a desire to deliver the products their clients demand. The asset lists at IQ are now very comprehensive.
IQ have led the way in making crypto trading available to retail traders. They offer trading on a huge range of cryptocurrencies, including the larger, most traded assets such as Bitcoin and Ethereum. These assets are available to trade as CFDs, or using traditional Forex models.
Non-EU traders can also trade crypto another way too – using Crypto Multipliers. These are effectively the same as using leverage, so accelerate profit or loss rapidly. There is a Bitcoin x 100 market for example, where the underlying price is multiplies by 100 – increasing volatility and the potential for profit or loss. This market proved so popular that IQ Option have added similar products on other leading cryptos, with a range of multipliers, from x20, to x50 up to x100.
IQ Option Mobile App
New iOS version
Apple recently announced changes to the binary market in the Apple store. IQ Option have already responded and developed a new application for iOS that meets the new rules. Compatible with iOS 9.0 and higher, the app builds on the IQ offering.
Forex and CFD trading are available, and the firm will add cryptocurrency asset trading as soon as it is released on the full site. The speed with which IQ were able to respond to the Apple changes was impressive. They have always been at the forefront of mobile trading development. This new offering will be unique within the Apple store until other brands catch up with the new rules.
The mobile app maintains the simplicity of the trading area on the website, and retains the split second charting that makes trading binaries viable. The layout is incredibly clear, and can be tailored to suit the needs of individual traders.
In addition to the trading facilities, there are also features to maintain account details, including the ability to request withdrawals from the mobile app. The team developed their mobile offering in-house and the attention to detail is evident.
While some trading apps appear to have been purchased ‘off the shelf’ in order to tick a box, this broker has clearly spent some time and effort getting their mobile app right. The recent updates have also taken into account feedback from traders using the mobile app, and appears to be another step forward.
Download the App for iPhone or android
Payouts at this broker are a clear strength. The most traded assets see payouts of around 85%, with some assets reaching 91%. (Amount will be credited to account in case of successful investment). As ever, the payouts will vary based on expiry times and the asset selected.
Forex and CFD payouts will vary based on the performance of the underlying asset. IQ supply plenty of risk management tools including stop losses and user set leverage amounts.
FX Options payouts also vary based on performance of the underlying asset.
Withdrawal and Deposit Options
Deposits can be made via credit card (all major cards accepted) as well as wire transfer and online transaction services such as Skrill and Neteller. The minimum deposit is just £10 – The initial deposit will dictate which account type a trader moves into. Deposits via Paypal are not available and will result in an error.
A deposit of £3000 will move a trader into the VIP account type – this offers a range of improved benefits, including improved returns on certain markets, access to an account manager and VIP training materials.
Withdrawals are on occasion subject to certain verification processes at IQ Option, including proof of identity. In order to avoid any dispute, it is always better to clarify these requirements before needing to make a withdrawal. All the verification can then be put in place well before monies are requested. Non verification is the biggest cause of delays.
Withdrawals are available via the same payment methods as deposit – namely credit and debit cards, and wire transfer. All withdrawals are free. They are also processed the same day.
Open Trade Network
IQ Option have begun the roll out of their blockchain based cryptocurrency exchange. It is called the Open Trade Network (OTN) and is built on the Ethereum blockchain platform.
It will be a stand alone cryptocurrency wallet and exchange designed to meet the needs of a growing market and regulators who will undoubtedly want to oversee operations. Now in it’s earliest stages the wallet and exchange are expected to be live in early 2020.
The opportunity for traders is this; IQ Option is not raising money for this project through an ICO. Instead OTN coins will be awarded to traders, wallet users and token holders as an incentive to use the platform and provide liquidity.
IQ Options will recoup their investment through a portion of coins held for that purpose. The total number of coins to be issued is 100 million with 42 million going to the traders and wallet users over the next 2 years. Once the platform is live OTN tokens will be tradable and sellable on the open market.
It is an exciting development. Analyst tips regarding this broker are always bullish because of their constant improvement. This blockchain innovation reflects the major disruptive influence IQ are trying to generate in the finance sector as a whole.
Other Features at IQ Option
The brand offers their clients a range of other features and benefits:
- Technical Analysis Icon – Within the trading area, there are some technical analysis tools incorporated into the user options. These include trend line tools and moving average and Bollinger band indicators.
- Range of Educational material – They deliver a suite of education training videos as well as one to one support on occasion
- Tournaments – Prove yourself among the best traders and gain extra financial rewards for performing in tournaments. The firm run a range of regular tournaments that traders can buy into to increase profit.
- Bitcoin – IQ Option give traders to chance to invest directly in bitcoin and other cryptocurrencies via their latest range of cfd type options. This is a solid option for UK traders looking to get simple access to bitcoin and ethereum markets – they are not always easy assets to speculate on – until now.
Does the platform require a software download?
The firm provide trading both online, and also with a software download (mac or PC). So traders have the choice. The downloaded software provides a slight speed benefit, but the online trading platform performs very well too. There is also the mobile app for trading on mobile devices – that does require downloading.
Are Binary options legal in the UK?
Binary options are only available to professional traders. Retail traders from the UK are not permitted to use them, so IQ Option will not show them in your account. FX Options represent a very similar ‘fixed risk’ product, but unlike binary, have an unlimited upside.
Do they have good liquidity?
IQ Option have grown rapidly in the last two years. They now boast over 11m accounts, and provide 3m trades a day. That offers them a huge amount of risk management, and trader reassurance that the trading platform provides a large amount of volume and liquidity.
Who regulates the company?
This broker is regulated by CySec.
How do they make money?
The firm make money by balancing trader sentiment (buyers and sellers) and taking counter party risk on each trade. Where there is a significant imbalance in trades, IQ Option will reduce their exposure by offsetting risk with a market maker. We explore how brokers make money in more depth on the brokers page.
IQ Option offer a range of contact methods:
- Email – [email protected]
- UK Telephone +44 20 8068 0760(London), or +44 80 0069 8644
- Group Details: Registration No. HE327751
Address: Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33,
4102, Agios Athanasios, Limassol, Cyprus
Telephone support is offered in 18 different countries including Australia, India, Thailand, Brazil, Germany and Spain. Users needing to unblock, delete or close an account, need to go via the helpdesk. There is also the option of Live chat via the website.
* Amount will be credited to account in case of successful investment
Binary.com are an established binary options brand and have been evolving in the binary options sector since 1999. The pioneers of this type of investment. The firm have changed brand over the years, and were previously BetOnMarkets.com – rebranding to Binary.com in 2020.
They recently added a Bitcoin funded trading account – initially only for non-EU accounts – but continue to stay ahead of the game in the binary sector.
Their longevity shows they are not a scam and are a well respected, established brand in both Europe and Asia.
Regular award winners in their formative years, the firm now boast a history which has seen them turnover more than $2 billion in binary trades. They also have over 1 million traders using their platform, handling over 1 million transactions per day. Despite competition in the sector Binary.com have maintained their position as one of the leading binary operators, under the tag line “Sharp prices, Smart trading“.
Regulated by the Malta Financial Services Authority, the firm is based in Malta, with offices in Malaysia too. They are popular in the region, particularly Indonesia and Singapore. They are also licensed in the UK.
Low minimum deposits make them an attractive proposition. Traders can assess the binary options platform, whilst taking minimal risk. Advanced traders will also appreciate the flexibility of the trading platform which allows ‘structuring‘ of trades to enable more complex risk/reward plans to be created and executed.
Here are some of the key details about the Binary.com brand;
- Demo Account – Yes (A virtual account balance of $10k is provided)
- Minimum Deposit – £5
- Minimum trade – £5
- Auto Trader Robot – Yes
- Signals service – No
- Bonus details – No bonus offers currently offered
- Binary.com App – Yes, for Android and iPhone.
The Binary.com platform has been trimmed down to deliver only what a trader needs. With none of the distractions found on other platforms. There are no gimmicks on the trading platform – just the key trading information. This might suit some traders, others may prefer a better ‘presented’ offering when they login. But few can argue that trading is clear and unobstructed. It offers a huge amount of flexibility for the trader. This clarity is why more advanced traders prefer this platform, and it makes using a winning strategy that much simpler.
In addition to the standard platform, the firm also offer a number of other advanced tools. For example, there are also these trading areas:
- MetaTrader 5 – Advanced CFD trading. This area combines the trade suite with MetaTrader integration, including both MT4 and MT5. This delivers charting on par with the the market leading CFD brokers. The download is a quick process.
- Binary WebTrader. The WebTrader platform offers traders the ability to watch and monitor multiple underlying assets and trade them at the same time.
- Binary Next-Gen. This is the mobile app version of the platform. It simplifies trading on the go, from multiple mobile devices. Compatible with android and iPhone, the app delivers a seamless crossover trading experience.
- Binary Bot. Covered in more detail below, the Binary Bot area gives clients the chance to build and operate their own auto trading robots. It delivers depth and detail beyond the similar services provided at other brokers. Bot scripts can be created and tested thoroughly.
The choice of underlying asset is made along the top of the platform. As well as the usual Forex, Indices, stocks and commodities, there are also ‘randoms‘ unique to Binary.com. These are pure speculation and are solely for traders looking for a quick adrenalin thrill.
Once the asset class in selected, the choice of option will appear just above the trading fields. So Forex for example, will show Up/Down, Touch/No Touch and In/Out options types. Again, the trading area below will update with the relevant fields once an option type has been selected. Each option type is covered in more detail later in the review.
The first two fields in the trading area allow traders to select the specific asset they are interested in. The actual asset is selected from the second drop down list. The first field simply reduces the list to make it more manageable. (For example, selecting ‘Major Pairs’ from the first field, will reduce the list to only the major currencies, making selection much easier).
The ‘duration‘ (or ‘end time‘) can then be selected. This dictates the expiry time of the option. This allows traders to select lengths of anything between a handful of ticks or seconds, to a whole year if they desire (and anywhere in between). This level of flexibility is unparalleled among other brokers.
Once a contract is opened, it will have a ‘live’ price up until the point of expiry. This gives traders the opportunity to close trades – either to take profit or cut losses.
Spot Price And Strike Price
There is then a display of the current spot price, and a very small price graph. Beneath these is the payout field. At Binary.com, rather than ask traders to select their stake, they ask them to select the payout. The actual stake required to reach that payout will then be calculated automatically. It is the reverse of how other brokers operate, but is clear once traders have got used to it. As these fields are updated, the actual trading buttons on the right will update.
The trading buttons are large, and contain all the relevant information – The effective stake, the exact expiry, the direction the asset price needs to move in, the potential net profit and the actual raw payout percentage. Traders need to select the ‘Purchase‘ button to finalise the trade.
Traders moving to Binary.com from other brokers may find the trading platform unfamiliar, as it is a fairly unique design. It does however, offer a wealth of flexibility and retains much of the simplicity that has made binary options so popular.
Binary.com offer options on forex, commodities, stocks and indices. Their asset lists are good. Currency pairs are the most comprehensive list. Combined with the huge flexibility of expiry times, binary.com offer a large range of options for traders.
They offer four main kinds of option:
Up/Down – The basic binary option. Will the asset rise in value, or fall? (Higher/Lower is a similar choice under the same heading, and is similar to a “ladder” option – in other words, will the price finish higher or lower than the predetermined price – not the strike price. As these require greater price movements, the payouts are generally higher, sometimes as high as 1000%)
Touch/No Touch – Will the asset price touch a certain price level within the duration period, or not? The flexibility within the platform allows trades to be ‘nested’, making more complex trading strategies possible, where risk and reward can be shaped even more accurately.
Ends In/Out – At the point of expiry, will the asset price be within a preset range of values, or outside of that range?
Stays In/Goes Out – Similar to Ends In/Out, but here the question is will the price stay within preset price levels throughout the duration of the trade, or will it move out of the values at any point during the trade – once, at any time, is sufficient.
The binary.com tick trade option also delivers a method to profit ‘per tick’, which, while moving away from the binary model slightly, does provide traders a different form or speculating on an asset.
The asset lists are constantly growing, especially with the introduction of cryptocurrencies. Binary.com deliver a full range of markets however, including forex (via binary and CFD) plus indices, commodities and metals. They also provide trading on the volatility index (VIX). The volatility index possibly requires it’s own strategy or approach and it will also help to full understand exactly how the volatility indices are calculated.
Binary.com have often led the way in weekend trading – they once operated their own indices for this purpose. Now however, global markets are operating outside of “traditional” western trading hours. Forex markets in particular, operate globally 6 days week, around the clock.
Binary.com also however, take advantage of markets open at the weekend.
So indices open in Tel Aviv or India can be traded over the weekend. While there are volatility and volume considerations to trading at the weekend, Binary.com certainly make it accessible for traders.
As the brand have expanded, they have moved beyond just binary options. Binary.com now also offer CFDs (Contracts For Difference). These derivatives offer different styles of risk management to binaries, but open up more varied profit and loss scenarios.
Markets offered include Forex, Cryptocurrencies including Bitcoin, Bitcoin Cash and Litecoin, plus metals, indices and commodities. The MetaTrader 5 financial platform opens up these varied investment styles and also lends itself to greater automation.
Binary.com deliver a free, high quality mobile trading platform app. Compatible with solely android (2.3 and higher) at present. It allows traders to trade the full range of options available on the website, and the full list of assets.
The trading screens retain the same look and feel as the website, and trading remains clear and simple. The portfolio area lists any open trades, and a history of closed trades too. The Cashier area allows for deposit and withdrawal requests.
The android app is developed and updated regularly, and an iPhone app is in development and coming soon.
Binary.com offer email and telephone support. The contact telephone numbers varies depending on the Trader’s region. For UK traders, the number is:
The Contact Us page on the website contains a direct message facility too.
Payouts at Binary.com are excellent. They are offer “two way” prices. This means the payout for each option is separate, and can therefore be a little higher.
On occasion, some Up/Down payouts will reach 100%, but generally will range from 81% to 94%. As ever, the payouts will vary based on expiry times and the asset selected.
Higher payouts are available with different trading options too, such as Higher/Lower. With these High/Low or Touch/No Touch trades, the payouts can reach up to 1000% – this is two way pricing at work.
Withdrawal and Deposit
Binary.com offer the largest range of deposit and withdrawal options of any binary options broker. Minimum deposit requirements change depending on the deposit method used, but start from just £5, making them a great starting point for new traders.
Bank wire transfers carry a minimum deposit of £25, credit and debit cards have a minimum of just £10 and online e-cash accounts have the £5 minimum deposit option (brands such as Skrill, Neteller, FastPay and WebMoney).
With the evolution of cryptocurrency, Binary.com were quick to adapt, and now also accept deposits in a range of cryptos, including Bitcoin, Litecoin and Ethereum.
The range of payment methods at Binary.com is very broad. These option vary between the EU and other parts of the world, so traders will need to check what is available in their region.
Withdrawals are generally available via the same list of sources. Processing times will vary – for example, a bank wire transfer will take 5 days to process, where an e-cash transaction to Skrill or Neteller will be processed in 1 day.
Withdrawals to cryptocurrency will vary based on the currency used, and market conditions.
Withdrawals to credit and debit cards will take 3 days to process. The firm certainly offer a broad range of methods for depositing or withdrawing funds, so traders should be able to find a solution that suits them.
Withdrawals are often the biggest source of disputes with binary options brokers, so it is worth clarifying the desired method.
Withdrawal complaints often stem from verification issues, so traders are advised to arrange that quickly.
The firm offer their clients the following features and benefits:
- Charting– Binary.com offer a range of charting options to aid technical analysis. Some tools are downloadable, others operate on the website.
- Range of Educational material – A range of educational material is available, including eBooks, videos and online seminars.
- Randoms – Purely for those seeking some entertainment, Randoms are exclusive to Binary.com
- Market Data – Via both chart packages and live feeds, Binary.com offer a range of live market data.
- Support – Support is offered in a range of languages.
Binary Bot from Binary.com
Binary.com also offer a feature to build and operate a robot for auto trading. As well as being the home of sharp traders, Binary.com now also deliver ‘advanced platforms’ – the ‘Binary Bot’ platform being the latest.
This trading robot gives users the chance to put together an automated trading system. The feature is more advanced than rival broker offerings. There is greater depth and levels of complexity to the settings that deliver a more accurate and precise setup. This enables traders to really be specific about their trade triggers, and operate the robot as an auto trader with confidence.
Binary Bot sticks to the Binary.com look and feel, which is cut back and simple. The flashing or pulsing price graphs favoured elsewhere are replaced with more features and ease of use. This is a great new addition for a brand that has always tried to stay at the forefront of innovation in the sector.
Auto trading is a big asset at Binary.com and many leading signal providers are able to incorporate auto trading with the firm. The Binary bot expands that flexibility for retail investors.
In terms of a bot trading strategy, traders need to tread carefully. While the webinars do provide a tutorial, it is best to learn the bot setup manually for a while at least. The bot download is a simple process and many traders may dive straight into setting up the auto trader, but there are increased risks. For example, automating a martingale strategy via the bot is obviously super-high risk and there is no recovery from a mistake. So use the demo area, back test, run strategies manually and make sure everything is working as designed before handing over control entirely.
Binary.com (formerly BetOnMarkets) provide a unique trading platform. It is one which gives the trader a huge amount of freedom. While it retains the simplicity of the binary trade, it also offers unparalleled flexibility. Traders can be precise about when their option will expire. They can set a time frame from just a few minutes to up to 365 days.
Likewise, there is also the facility to amend price levels and barriers. This is extremely valuable to traders who like to use In/Out and Touch/No Touch options.
It allows advanced traders to configure options to optimise the risk and reward they take on. ‘Nesting’ multiple options is one technique that allows risks to be managed to a high degree of accuracy.
This level of trading is really only possible with a broker that allows the level of trade configuration that Binary.com does.
Education And Trading Guides
Binary.com offer a range of educational services, and trading information. On occasion, they will release “Mellon on the Markets” as a free download. Written by Jim Mellon, the market update provides insight into when to trade headline events, and how to analyse the markets. Jim also points out when he will be long or short on certain assets. A great read for every level of trader.
Binary.com also provide regular webinars (with a schedule posted a few weeks in advance). These provide excellent information into the thought processes of profitable, professional traders.
Recent examples include webinars focusing on commodities, weekly market reviews, controlling emotions during trading and advanced techniques.
Again, traders at any level can gain something from these presentations.
Binary.tv went live on Binary.com in November 2020. It provides market analysis and reviews of popular assets and currency pairs. The features are broken up into short videos. Recent subjects included the volatility in China and analysis on US Home sales data.
Both explored the impact on the global economy and specific exchange rates. It provides traders with a laid back overview of headline news and trending topics across the financial industry and can highlight some good opportunities.
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Reviews from our traders
We have the world’s best trading platform – see it for yourself
7:42 AM – 17 Jan 2020
17:12 – 18 april 2020
Great interface and excellent assistance – thanks to Alex))) However there are risks that are unpredictable. First few months after registration I failed because did not know about it. Now I only trade euro and dollar since every day they give me the biggest exposure to risk (around 3k).
I have had no problems with removals. At first it was difficult for me to register my card data, however after I tried it once, it became very simple for me. What I really like is that you have an opportunity to invest using your card, remove to a card, digital wallet, remove from the digital wallet back to a card (it is a problem for people who are from not “supported” by the digital wallet country.
Louai N. AlAdham
18:07 – 7 July 2020 · Paddington, London
Benedict Gift Mosetlo
02:24 – 28 July 2020
Digital option is a money tool combining function principles of Classical and Dynamical Binary Options. It has a profit up to 900% in common with Dynamical variant (in case of successful prediction) and termination – to the end of 5-minute candle. It also has the enter price brackets choose system in common with Classical variant. In this money instrument the dealer-in-goods usually indicates the exercise price. This sort of price plays a very important role for making the possible profit.
Below you can see the picture where there is a comparison of the two kinds of this money tool.
This image tells us that the first type let only current price participate in marketing. However, the second one let both current and exercise price participate in marketing.
Dealers-in-goods are responsible for setting the exercise price. You can see it at the picture below.
At any moment you have access to 22 strikes. Strike is a price level similar to the usual level of option opening. Our aim is to predict where the price will be at the time of the option closing relating to this cost level – higher or lower. The more distantly the strike is situated from the current price, the more profitable it is.
Put simply, at first we choose strike and then choose the direction. Such a combination gives an opportunity of buying cheaper option. For example, you may choose strike which is situated considerably lower than the price and open a bull transaction. You may also choose a strike situated higher than the price is and open a bear transaction. It is clear that such a transaction earning power will be considerably lower even if the prediction was right.
To learn more detailed information about this instrument function you may in the video below.
This money tool pros:
- an opportunity to get an enormous profit (not less than 300%);
- a small percentage of loss;
- a chance to sell it before the date of expiry or to fatten the profits.
This money tool cons:
- high rates also have high risks;
- more difficult in using, so is not suitable for new-comers.
If you want to start IQ Option marketing right now but do not know how to do it, the following video is likely for you.
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