Best Binary Options Broker 2020!
Free Trading Education!
Free Demo Account!
Perfect for Beginners!
2 place in the ranking!
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.
- 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.
Best Binary Options Broker 2020!
Free Trading Education!
Free Demo Account!
Perfect for Beginners!
2 place in the ranking!
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!
a Complete Guide for Binary Options Trading
Binary Options Brokers 2020 – Country-by-Country Trading Comparison
Across the world, there are more than 400 platforms that allow you to trade in binary options. That number is growing every year and is a significant increase over the situation in 2008, when there were only about 10. This increase in the number of available platforms has benefited investors as it has improved competition. This means better returns and bonuses, but how do you select the best for you?
Everyone starting out in the binary options trading market has to select either a platform or broker. It is one of the most important decisions you will make, yet it is also one you have to do when you don’t know much about the market. That’s where we come in. We have analyzed and tested a vast range of the trading platforms and brokers available so that you can quickly compare and easily find which is best suited to your needs.
You can have peace of mind that the information you will find in our comparison is accurate and up to date wherever you are in the world.
Follow these 3 easy steps to get started:
Choose you favourite broker
Register a broker account
It is recommended to sign up to a few broker accounts to make sure you have a good variety of assets to trade.
Start trading with 4 easy steps:
Guide to Finding the Best Binary Options Trading Brokers
There has been a significant increase in recent years in the volume of binary options trades taking place. This is largely driven by the emergence of new technologies, which has made trading platforms more accessible and user friendly. The regulatory infrastructure of the binary options trading market has not kept pace with the increase in popularity however. Some jurisdictions have local bodies that regulate binary options trades and other similar markets, like Forex. There is no overarching regulator though, and the situation varies from country to country.
Where regulators do exist, they focus solely on their own region. Usually their objective is to protect binary options traders by monitoring the activities of brokers and trading platforms, such as IQ Option, 24option, Copyop, Finpari, Opteck, Stockpair or Binary.com.
One of the downsides of the industry is that it is not always clear to a trader whether a broker or trading platform is genuine or trustworthy. Some people get tricked with promises of big bonuses or other offers. It is therefore important that everyone considering getting involved in binary options trading should get an understanding of the laws and regulations in their country or region.
For example, in the U.S., binary options trading brokers are strictly regulated. As a result, most of them block U.S. traders, allowing them to work under less strict conditions. This happens in other countries too.
Finding your way through the options available is challenging. Our 2020 guide for selecting a binary options trading broker or platform will help.
In the following sections, you will find information you need to know for your region as well as a list of suitable brokers and trading platforms. We have put each of them to the test, and they all have good reputations. All you have to do is pick an option from the list, sign up for a new account, and start trading.
Binary Options Brokers in the U.S.
The legal situation with binary option brokers in the U.S. lacks clarity. The two main regulators with responsibility for financial trading online—the National Futures Association and the Commodity Futures Trading Commission—have yet to put in place a specific system for binary options brokers. Some are licensed, but most are not. If you are a U.S. citizen, your options are to use one of the regulated binary options brokers or use one that is based overseas.
There is therefore significant variation in the standards of binary options brokers. The best advice for people in the U.S. is to conduct research on any broker they are considering. To help with this, you can check our list of tested binary options brokers that allow U.S.-based accounts.
What to Look for in a U.S. Binary Options Trading Broker
There are a number of things you should look at when considering whether or not a binary options trading platform is trustworthy and reputable. Here are the top three:
1. Deposit and withdrawal options – Some brokers and trading platforms either do not offer U.S. banking facilities or they charge high fees. You should check this before signing up. You need to make sure you will have the ability to deposit and withdraw (don’t forget the withdrawal part). You also need to make sure the charges are either free or minimal.
2. U.S. dollar currency option – Some binary options brokers and trading platforms do not let traders use U.S. dollars. This does not stop you from setting up or managing an account. You will have to do it in another currency however, which means you will probably be charged fees for currency exchange. It is almost always best to use a broker that lets you manage your account in U.S. dollars.
3. Mobile trading ability – Many of the binary options trading brokers available in the U.S. that we have investigated only have desktop platforms. This does not suit many modern traders, who also want the ability to trade on mobile. If this is important to you too, you should make sure the broker you are signing up with offers a mobile option.
Binary Options Brokers in the UK
People living in the UK have a number of options available to them when looking at binary options brokers and trading platforms. This includes using services based in the UK, in Europe, and, in some situations, those based elsewhere in the world. We have investigated each option to find the best brokers available.
The financial services industry in the UK is regulated by the Financial Conduct Authority. Platforms and brokers based in other European countries are usually licensed by local regulators.
When analyzing the choices available to people in the UK, we looked at these factors plus a range of others, including the reputation of the platform or broker and the experiences of the people using it. Our list of recommended sites is therefore something you can have confidence in.
One of the best platforms we have found for UK-based traders is called 24 Option. A lot of traders who frequent this website have given positive reports about 24 Option, praising its customer service and success in trading profitably.
They also have fantastic bonuses and offers, including a welcome bonus worth £3,000 for people signing up for a new account. It is easy to claim and is a great way to get started with trading binary options.
Binary Options Trading in the UK – What You Need to Know
Binary options trading in the UK is much easier than it is in most parts of the world. It is a legal and open market, with plenty of choices when it comes to brokers and trading platforms. Those that have made it onto our approved list all offer excellent terms and conditions to UK-based traders.
Making Deposits and Withdrawals
One of the key things we look at when investigating binary options trading platforms and brokers is their banking and payment policies. In particular, we investigate if they offer banking options for UK-based players, and we look at the fees they charge, if any.
The picture in the UK in this regard is mixed, but we have kept the standard high with our list by only including platforms that give traders in the UK a wide choice of deposit and withdrawal options. These choices must include credit card, debit card, bank transfer, and electronic wallet.
Binary Options Brokers in Canada
The binary options trading market in Canada is unlicensed. It is therefore one of the most open markets in the world. This has advantages and disadvantages. The main advantage is that traders living in Canada can trade however they want completely legally. The main disadvantage is that the lack of regulation leaves the market open for unscrupulous brokers and platforms.
It is therefore essential that traders do proper research before investing their money in a particular binary options broker or trading platform. Our list of approved websites is a good place to start as we have applied rigorous tests to filter out those that offer poor service or low returns to traders. Some of the brokers on our list are even licensed in other jurisdictions, which also benefits Canadian traders.
Binary Options Trading in Canada – What You Need to Know
Unlike many other countries around the world, trading in binary options is easy in Canada. In fact, it is one of the best places in the world to trade as there are no restrictions and plenty of platforms to choose from. Our list of approved brokers will give you peace of mind that you are signing up to a reputable website. In addition, you can usually get fantastic welcome bonuses at these brokers, helping you get your trading career off on the right foot.
Making Deposits and Withdrawals
Traders in Canada have a range of options for making deposits and withdrawals at a binary options broker. Most of the options are free, but you may encounter transaction fees when using electronic wallets. These are convenient services, but the fees may affect the profitability of your binary options trading. We therefore recommend that traders in Canada use alternative banking methods, such as credit cards, debit cards, or bank transfers.
Binary Options Brokers in Australia
The regulator in Australia governing the sale of financial products is the Australian Securities and Investments Commission (ASIC). For many years, it had no formal position on the binary options trading market, but it has recently clarified this. It has confirmed that it classifies binary options as a derivative. This means binary options brokers and trading platforms have to be licensed in Australia by the ASIC.
This changed the industry in Australia dramatically, and currently there are no licensed brokers in the country offering binary options trading facilities to Australian citizens.
Trading in binary options involves a significant element of risk, plus there are many untrustworthy brokers and platforms trying to get new traders to sign up. It is therefore essential that you stay up to date with the rules from the ASIC and also check if any new brokers get licenses to operate.
We do not offer financial products in Australia. In fact, we don’t offer financial products for sale anywhere in the world. For your information only, we have published our approved list of binary options brokers below. They are not based in Australia, and they are not licensed by the ASIC. They have met our strict standards for quality and honesty however, so we have no hesitation recommending them.
Binary Options Trading in Australia – What You Need to Know
Australia has a long history of binary options trading despite the recent restrictions placed on the market by the ASIC. As a result, most traders do not encounter any difficulties when signing up for a trading account or placing trades.
Making Deposits and Withdrawals
Most binary options brokers, particularly those on our approved list, offer a range of suitable banking options for Australian traders. Some of the most popular methods of making deposits and withdrawals are using a credit or debit card. You can also transfer funds using your bank account.
These are usually the most cost-effective options you have available, but you can also use electronic wallets. Transaction fees are usually higher with this option, but many people value the convenience.
Binary Options Brokers in Europe
People living in the European Union have more options for trading binary options than people living in any other country in the world. This is because of the common market that allows citizens to trade with companies in any member state without restriction.
Each member state has its own financial industry regulator. These regulators control the sale of financial products, including binary options. We therefore advise you to use a broker or trading platform that is licensed. It doesn’t have to be licensed in your country, but you should make sure it is licensed somewhere in the European Union.
Here are the main regulatory bodies operating in Europe:
United Kingdom – The Financial Conduct Authority regulates financial products and services in the UK.
Italy – The Commissione Nazionale per le Società e la Borsa regulates financial products and services in Italy.
France – The Banque de France regulates financial products and services in France.
Netherlands – The Authority for the Financial Markets regulates financial products and services in the Netherlands.
Spain – The Comisión Nacional Del Mercado de Valores regulates financial products and services in Spain.
Sweden – The Finansinspektionen regulates financial products and services in Sweden.
Germany – The Bundesanstalt für Finanzdienstleistungsaufsicht regulates financial products and services in Germany.
Hungary – Pénzügyi Szervezetek Állami Felügyelete regulates financial products and services in Hungary.
Denmark – The Finanstilsynet regulates financial products and services in Denmark.
Czech Republic – The Czech National Bank regulates financial products and services in the Czech Republic.
Slovakia – The National Bank of Slovakia regulates financial products and services in Slovakia.
Binary Options Brokers in India
It is important to use a binary options trading platform that is tailored to users in your country. This ensures you can place the trades you want safely and securely. It also means you will have suitable banking and currency options.
What about the situation for traders based in India then? Luckily, you have a number of suitable platforms to choose from. We have tested all the major trading platforms and measured them based on their suitability for Indian traders. Each one of the sites on our list is fully tested and approved by us, so you can have confidence in your selection.
The types of things we look at when deciding to recommend a binary options broker to people living in India includes:
Binary options you can trade – We only include sites on our list that offer the widest possible choice of binary options to trade.
Accessibility – The sites we feature have to be available 24 hours a day in all jurisdictions, including India. They also have to be easy to use, particularly for new traders.
Currency – The sites on our list also have to offer a range of currency options.
Features – We also look for special features like minute trades, early exit trades, and more. Features like these make trading binary options easier and enhance your overall experience.
Making Deposits and Withdrawals
If you live in India, you will find a number of options for making deposits and withdrawals on our recommended list of platforms. All of the binary options trading brokers at the top of our list offer multiple banking facilities, so you can use the one that best suits your needs.
This includes banking by credit card, debit card, or bank transfer. Most also accept a range of different electronic wallets. Check the transaction fees that are charged when you use electronic wallets, however, as they are often higher than the fees charged for other methods of banking.
What to Look for in a Binary Options Trading Broker
There are a number of things you should investigate when considering whether or not to sign up to a binary options trading broker. It can be hard work pulling all the information together, just like when choosing an online casino or an online poker website. If you are interested of online casino markets in any country, we recommend reading Paf, Casumo and Wunderino review (in German and Finnish as well) and getting the best casino bonuses (also in many languages) to newest popular online casinos that accept many payment methods such as PayPal and Bitcoin. Comparison is always important. Luckily, we have done that work for you. Our reviews list all the important information in one place, and they include information that is hard to find but that is crucial to the management of your account and the potential of making a profit. Once you browse through our reviews, you will have a better understanding of the different platforms available in the market, which makes it easier to settle on one that suits your needs. There are a few unreliable automated services that should be avoided, such as Millionaire Blueprint, Quick Cash System, The Brit Method, Copy Buffett Software, Pearson Method, Google Trader and Free Money System.
Here are the things we look at when analyzing a binary options trading platform or broker. Look out for them when reading our reviews:
Special features – This is often what differentiates one broker from another, so it is important to know what each one offers. Our reviews list the special features you have available as well as any conditions attached to their use. For example, some special features are only available on some platforms when you have made a deposit of a sufficient amount.
Bonuses – Bonuses are commonplace in the binary options broker market. They exist to entice new customers to register, and these are usually presented in a way that is very appealing. They almost always have terms and conditions attached to them however. Those terms and conditions sometimes make the bonus much less attractive than it may first appear. We give you all the information you need in an honest and transparent way so you can take an informed decision.
Trading software – We look at the underlying software used by the broker or trading platform. We have experience in using them all, and we know which ones are best. This information is given in each review. The software you will see most often includes Tradologic, SpotOption, MarketsPulse, and TechFinancials.
Assets – We give you as much information as possible in our reviews on the assets each platform makes available for trading.
Customer support – We test the customer support offered by a broker or platform in the real world. That means we actually contact them and give them a problem to resolve. How well they respond to our query determines what we say about them in our review.
Payments – This is one of the most important considerations when registering for a new binary options broker account. We therefore list all the banking options that are available. We also give you as much information as possible on the platform’s minimum deposit rules.
Withdrawals – Withdrawals is an area that sparks the most complaints from binary options traders. We therefore investigate this thoroughly to give you information on the rules a platform operates in relation to withdrawals as well as how long it takes the platform to process a withdrawal request. This will give you an indication of how long it will take to get access to the profits you make.
Various websites on the Internet offer reviews of binary options brokers, but none go into the level of detail that we do. We are the best place for detailed information as we focus on the most important aspects of trading on a particular platform, such as IQ Option. We also review the information regularly, revisiting each platform to see if there have been any changes to their service, either positive or negative.
It takes time to read through our reviews and make comparisons, but it is much quicker than doing all the research on your own. Make sure you read the reviews though as it is essential to do research to protect your money and privacy, just like when playing poker. They will also help you get your trading career off to the best start possible.
Binary Options Crypto Trading
The crypto world has exploded this year. Cryptocurrencies in 2020 have completely dwarfed other asset classes in terms of growth. Ripple is a prime example: from March we have witnessed an increase of over 7000%, and this cryptocurrency has not even reached the $1 per coin valuation.
Ripple is an exciting new prospect in the crypto market, it is very quickly establishing itself as the third biggest cryptocurrency behind Bitcoin and Ethereum. With a market capitalisation of over $10 billion, it has nearly double the market share of Bitcoin Cash, which finds itself in fourth position. It’s now tradable as a binary option or digital option on multiple platforms. IQ Option has over 12 tradable crypto currencies, including lesser known ones such as zCash and Santiment.
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- As always, we need to remind our readers that there is always a risk that you can lose all of your capital as a result of trading binary options as with any other type of financial investing.
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- Last but not the least, only invest in what you can afford to lose, and even if you failed, it would be an invaluable learning experience.
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