What is binary options trading?
A simple yes or no market propositions are binary options trading. Like a trade will go up in the end week, yes or no. Usually, it is based on the most active trades in the market and there is a lot to earn if you are a good trader.
Now you will be well aware of what binary option brokers means. These are the platforms that help traders in investing money, and we'll be giving you a list of the top binary options brokers.
How To Select A Binary Options Broker?
- Regulated Binary Options Broker: No one wants to put their money in frauds. Checking for a regulated or licensed binary options broker should be your first priority.
- If you are just starting up, try to look for lowest deposit amounts. Every major binary options broker offers various type of accounts with different deposit limits and minimum trade amount ranging from beginner to advanced.
- Checking number of assets is another factor while selecting binary options broker. If you like having more options in stock for trading, then choose the one with a large number of assets and also see how much assets can you do trade on as per your account type.
- If you are a pro trader, maximum trade amount will have a value for you. Usually, the bigger you will trade for, the better are get bonus from the brokers.
- Better check the depositing and cashout options as per convenience. There are certain binary option traders who just check the depositing ways and forget to have a look at the withdrawal ways, it's one of the ways they make money.
The Top 10 Binary Options Brokers
Here are our binary options brokers reviews.
With a very user friendly and new trading system, Option Robot has a popularity among both, experienced as well as inexperienced traders.
A secure and regulated banking system, brings you an ease of withdrawing your money whenever you want in a pretty faster way than others. Option Robot generates signals that are proven to have a winning rate of 83%.
There are three type of accounts you have in Option Robot-
1. Classic system - It has the least risk. Being the most secure and safe system in their trading platform, it also has the least profit margins.
2. Martingale System - The amount of investment increases and so does the profit.
3. Fibonnaci System - It is the most accurate and straightforward system.
Now why is it named as Option ROBOT? Because this software can make money while you are asleep.
Just deposit money, start investing on the trade you want and turn on the “Auto Trade” option. Everything else is done by the software itself. It brings an average return of over 80%. This one could be said to be one of the best binary options brokers.
TradeThunder is a proper trading broker headquartered in London (UK). It is a software itself with a user friendly interface and a unique one click trading feature. For quick trading, you can get at least 4 trades together with a 60 seconds expiration.
For beginners, it offers a minimum trading amount of at least $1. You can choose from their list of 50 trades with an expiration time starting from 60 seconds, 5 minute to as long as 30 minutes and 1 hour.
TradeThunder offers four types of accounts for its investors.
First one is Standard account, on which you can start with at least $300 deposit and 40% bonus rate.
Second one is Premium account with least deposit of $500 and 60% bonus rate.
Third one is Pro account with a big $1000 least deposit value and 75% bonus rate.
Fourth and last one is VIP Account with minimum deposit of $5000 and 100% bonus rate.
This a big name in the binary option trading world. Launched recently in 2014, it quickly turned into a reputed name as a binary option broker. It is an online and mobile trading platform.
You get eWallet, wire transfers, credit and debit cards options for payments and there are some banking options but a fee charged by banks so confirm that before you choose it.
There are multiple account options named as beginner, standard, gold, platinum and VIP. the minimum deposit is $200 with a payout rate of maximum 81% and bonus of 100%.
Porter finance runs on a platform from Spotoption. This software comes with six very helpful tools named as regular binary, one touch, pair, ladder, short term and long term trades.
In short term trading, you can trade from 30 seconds to 5 minutes. The lowest trading on porter finance starts from $5 and then increases as per the account types going from beginner to standard to gold to platinum to the best VIP account where $100,000 is minimum deposit.
eXbino runs on a highly compatible software with some very good trading tools like MACD, RSI, MA and many others. The minimum deposit is $200 and clients have seen a good 90% profit rate on standard options, whereas high yield has given them a 350% profit rate.
When talking about assets, it packs very vast variety in over 130 assets available. There are tools like one touch, regular binaries, short terms, and boundaries.
With a big range of methods, clients find it really easy to deposit or withdraw funds from eXbino. There is skrill, Neteller, Yandex, MonetaRU, all type of credit cards and bank wires.
You can have a minimum withdraw of even $12 and the verified account holders can withdraw funds on on every Monday.
When it comes to bonuses, you have the welcome bonus, deposit bonus as well as trading bonus with a rate of up to 125%.
An old player in the binary option trading world, 24Option came in 2010. It has reputation of the most trusted binary option broker around the globe. 24option is regulated by CySEC and it runs on a platform from Tech Financials. It is secure, user-friendly and at the same time innovative.
Most of the users find the software really easy to use in binary option market world, and this just might be the best binary options broker for beginners.
You can start trading from $24 and can go on to $50,000 with different type of accounts and their separate limits.
Maximum payouts you can have on 24option is 89% and the bonus rates are up to 100%. You can trade in USD, Yen, EUR and GBP.
The minimum deposit amount is $250 and there are many payment methods like credit cards and debit cards (visa/master), wire transfers, and digital payments.
Another award-winning and top-rated binary options broker in binary trade is Banc de Binary established in 2009. The firm has a client base stretched in over 80 countries.
Banc de binary offers several trading option types like high low options, option builder, one touch option, ladder chart and meta chart option.
Short term trades on banc de binary starts from 60 seconds, to 15 minutes, to 30 minutes, to 1 hour to 24 hours. There is a big range of assets from stocks, currencies, to commodities.
Working on a spotoption platform, it is customizable and has a multi-language function.
You get 50% bonus on the opening deposit and the minimum withdrawal amount is $50.
Accepting the opening bonus means you have to meet certain terms and conditions before you can withdraw your funds however, reject it and have all your withdrawals anytime.
The next binary option broker in our list is under Cyrus jurisdiction, regulated by CySEC and is functional in every country except USA. Anyoption was launched back in 2008 and now it holds 200 assets today.
The platform is called Anyoption itself and is very user friendly. Maximum returns you can have while trading with Anyoption is 80%.
The maximum bonus offered is 100% and minimum deposit is $250. The investment amount starts from $25 and goes to $20000.
The payment methods available are Skrills, Moneybookers, visa, mastercard, CashU, wire transfer, diners club and maestro.
You can trade from anywhere except USA with available currency options as USD, EUR and GBP. Look here for USA brokers.
There are separate trust accounts for everyone but while withdrawing your money, you have to pay $30 once a month as a processing fee.
This multi language platform offers 15 minutes, 30 minutes, 1 hour and 24 hours return option.
One of the most popular new and stable player of binary options market available for US traders too is Finpari, established in 2014. Running on spotoption platform, it comes under United kingdom jurisdiction.
It has a maximum return of 90% for its clients with maximum investment of $1500.
You can start with a minimum deposit of $250 and the minimum investment of $1. There is 100% bonus rate on Finpari with a $250 of welcome bonus.
The account system has bronze, silver and gold in it whereas a fixed income account with all different terms and conditions.
The platform brings a good and effective binary option robot doing some very good returns while auto trading. The currencies accepted at Finpari are USD, EUR, GBP and RUB.
There are a lot of options of payment to choose from while depositing or withdrawing. However, you have to pay $20 or 1% of the withdrawal amount, whichever is bigger to get withdrawal done.
This binary options broker market had one more player back in 2012 when IQ Option came and became a trader’s favorite. It is regulated by CySEC and runs on IQ option software.
IQ Option offers a good maximum return of 92% and the maximum investment you can do is $1000. The maximum bonus rate is 100%.
Unlike many other big names in trading binary options it has a big number of currencies accepted including EUR, AUD, USD, NZD, RUB, CAD, GBP, and Yuan. It is the minimum investment that impresses the most with $10 if you have a standard account.
You have CashU, Visa card, mastercard, POLI, WebMoney, Skrill and Maestro as payment options for depositing and withdrawing money. The asset range is really good with commodities, currency and lot more.
Another US friendly binary options broker TradeRush has a very high popularity among US clients. You don’t need to download any software in order to trade in the huge range of assets offered by TradeRush.
The minimum deposit you need for trading with TradeRush is $200 and the maximum payout rate you get is 81%. Maximum bonus is again 100% in this trading site too.
Few example of their number of assets are Rolls Royce, HSBC Holdings, Tata Motors, Amazon, Fiat, McDonalds and many more. Though it gets short when we talk about forex options for trading.
You can make deposits using credit cards, master card, wire transfers, JCB, Moneybookers, and Liberty Reserve.
While using TradeRush, you can invest minimum of $5 for 60 second option whereas minimum of $25 for all other trades. The customer support is really good and they also hold training sessions for starters.
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