Latest Facilities Offered by Binary Option Brokers

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Only For Experienced Traders!

Best Reliable Binary Options Brokers

Trading binary options has become a popular form of trading all over the world, but before you start risking your own money there are a few important steps you should take. The first, and one of the most important, is finding the best binary options broker. Unfortunately, it is not as simple as picking a name out of the hat – there are a very large number of brokers out there. While the number was very small when binary options trading for the average man first began, we now have in excess of 400 firms offering these services.

Regulation of binary options trading activities is still under development

At present, there is no single regulatory body responsible for overseeing and regulating all the Forex and binary options activity taking place across the globe. However, this has not stopped thousands of people taking advantage of of this form of trading instrument. There are a number of individual regulatory bodies that have been formed, though usually operate within certain geographical areas. The aim of these bodies is to monitor the various Forex and binary brokers, in order to promote best practice and protect traders. Given the more complicated nature of pricing and trading binary options, it is no surprise that choosing to trade straight-forward FX is now becoming more popular, especially as traders become ever more familiarised with risk-reward profiles through time and experience.

In the USA, there are very strict regulations that have been imposed on binary brokers who wish to accept US-based traders, and this meant that some of the top binary options brokers have looked beyond the US to find clients.

What is a binary options broker?

AA binary options broker is naturally a company that operates a website offering a market for binary options. Through the website, a trader can trade quickly and effortlessly by using an online interface or platform, either on a desktop or a mobile device. The broker simply fills a trader’s order on their behalf, and pays out if the trader makes a correct prediction, and through a rebate program, may give an ‘out-of-money’ refund when a trader loses. One could think of a broker as kind of a bank (or credit provider in some cases) in this respect, because they can be seen to be borrowing the money of their clients while it is sitting in their trading account. This is less obvious in Forex trading, as traders are likely to be more active, and proactive and are not confined to the time set by the expiry period.

Thinking of your broker as a bank may give you a reference point in what to look for in a top binary options broker. As with an actual bank, you may be content to stand in line, wait in the queue while your bank ignores you, deal with a teller who is impolite, and be charged unreasonable and unexpected fees. We would expect most would not tolerate this kind of service from a bank and therefore, your choice of binary options broker. It really does pay to find yourself the best binary options broker – one who will take you and your investment seriously, as well as treat you fairly, with respect and transparency.

Top five tips on choosing the top binary options broker for you

It is not possible to pick the best binary options broker without undertaking some research, and we are here to help by giving you some pointers on what to look for. Picking the best binary options trading sites blindfold is not a sensible course of action, and you may well regret your decision. Work your way through the following five tips though, and you will be better placed to achieve success:
Reputation is important. There are hundreds of binary options brokers to choose from, and more are joining the fold every month. Simply picking those that are regulated is not enough. Many of the brokers who are regulated are usually regulated as private banks, gaming businesses, or some other financial entity.

The best way to start determining which binary options sites to use is with the help of your search bar. Nowadays, information and reviews on binary options brokers are available and this will be useful information to guide you in your choice. There will be sites similar to this one where you can read third-party reviews; but you should also look for customer reviews and discussions that take place on forums for further information, discussing the various pros and cons of the best binary options trading sites. Naturally, you will be drawn to binary options brokers with a well-established reputation that is on the whole positive.

Read all the small print carefully, and make sure you understand what it all means. These days, it has become common practice for people to gloss over the terms and conditions and simply tick the box without taking the time to read them. We advise against this, as you should always understand exactly what you are getting yourself into. As keen as you may be to start trading, an unscrupulous broker can take advantage of the situation, and there is no one else to blame but yourself if you didn’t take time to read the terms of service. One such condition to be wary of is the withdrawal limit, as this often catches traders out.

Look for an opportunity to practice before trading for real. Choosing a broker that offers a demo account should feature high on your list of things to look out for. Having the opportunity to demo-test will only help to improve your chances of being a successful trader, whether in vanilla forex or binary options. There is another reason to look for binary options sites with a demo account option, however. Trust. When a broker offers a demo account, they are giving you the opportunity to be more successful, and therefore profitable, which serves the broker also as you are more likely to be a longer term customer. A broker who does not offer a demo account is effectively encouraging traders to jump in head first, without trying out strategies in advance.

Take notice of the added features and trading tools of the various binary options trading sites. Every binary options broker is different. Some do just enough, while others go above and beyond to give their clients the best possible service and ‘value for money’. Look for brokers who offer more than just a few types of trade, along with other tools and educational material. Look out for binary options brokers offering Option Builder as an added extra. Using an Option Builder means you do not have to choose from a range of expiry dates and times, but can set your own. It also allows traders to customise a number of other features of the option they want to trade. With regard to educational material, look for top binary options brokers who offer webinars, one-on-one training sessions, and video tutorials on how to use the website, as well as trading advice and articles relating to various trading strategies.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Only For Experienced Traders!

Top-quality customer service is vital. We think this is one of the most important qualities to look for in a binary options broker – or indeed any broker. A broker, whatever field it may operate in, is only as good as the service it offers its customers. Your choice of binary broker may have all the best features and tools, but if they do not deliver on their promises, this is a strong signal of their trustworthiness. The best way to find out about customer service, is to – naturally – test it for yourself. A good way to do this is to call the company, armed with some basic questions, and see how they perform. Here are a few suggestions:

– Take note of the response times, and whether your questions are answered quickly and intelligently.
– Did you feel comfortable talking to the representative, and did you receive the actual answers rather than just a hard sell?
– Test the live chat option, if there is one. Is the live chat option manned by real people or an automated robot?
– Test the email option and see how quickly you get a response.

If you are not completely happy with of your experience with a particular broker, then try another – there are plenty out there. You should be looking for a broker that fills you with confidence, and one you feel comfortable working with. By doing so, you are increasing your chances of becoming a successful trader, whether you choose to stick with binary options or focus more on traditional vanilla products. Indeed, it may be the case that in your research into binary options, you find that the best ‘option’ for you is to go down the route of straight-forward Forex. Researching the benefits will also give you insight into which asset classes suit you best.

Important features to consider when choosing a binary options broker

There are a number of different attributes to consider when determining the top binary options brokers:

  • Varied asset base. There will always be better prospects if there are a number of different assets you can choose from.
  • Variety of binary option types. The best brokers offer a wide range of binary option types, including short-term options, one-touch options, and Options Creator.
  • Choice of deposit options. A broker that offers a number of deposit options will be much easier to start with, while also being accessible to more clients. It also means there will be better cash-out and payment options.
  • Financial stability. A well-established broker will be much more reliable than a smaller firm, or one that has just started.
  • Profitability. Look for a broker with high payout rates.
  • Cashout options. The best binary options brokers are those who are quick and prompt with payments. Payments within two days or less should be considered the best.

We hope you’ve enjoyed this section on choosing the best binary options broker, and will keep our site as one of your favourites – because we’ve got heaps more information to share.

FXDailyReport.Com

Binary options contracts are options contracts that attract either a predetermined amount of money (in the case of successful outcomes) or nothing at all (in case the prediction happens to be wrong). As such, the basis of binary options trading is as simple as making a yes or no decision. It is its simplicity that has made it very popular.

In order to invest in the binary options market, one of the first decisions that you have to take is opening an account with a binary options platform provider, also referred to as a binary options broker. This could be a challenging task, especially if you are new to the market. This is because there are a number of brokers out there in the market. While some are genuine, some others are scammers. And, it goes without saying that you need to work with the best binary options brokers in order to achieve your financial goals. Read on to find out how you can identify the best binary options brokers.

Best Binary Options Brokers 2020

Broker Info Bonus Open Account
Min Deposit: $5
Payout: Up To 90%
Assets: +100
Demo Account: Yes
Visit Broker
Min Deposit: $1
Payout: 80 %
Assets:
Demo Account: Yes
30% Forex Deposit bonus Visit Broker
Min Deposit: $10
Payout: up to 92% **Amount to be credited to account in case of successful trade*
Assets: +500
Demo Account: Yes
Visit Broker

Risk Warning : The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Regulation is probably the first aspect you should look for when choosing the best binary options broker to work with. Regulated binary options brokers are definitely more reliable than those that are not regulated. Such brokers keep your (traders’) money and their money in separate accounts. Moreover, they would be capitalized as stipulated by the regulator. All these mean that your money will be safe with regulated brokers. Therefore, it makes sense to work with a regulated binary options broker. However, you should also consider all the other criteria discussed in the article prior to choosing a broker that caters to your specific needs.

#1: Best binary options brokers often provide responsive customer service. You should take a serious look at this criterion because you may have to contact a customer service representative of the broker for various purposes. Further, time is the essence of binary options trading. If the customer service department is not responsive enough, you could lose a great deal of profits. Therefore, it pays to take some time and thoroughly check out the efficiency and effectiveness of shortlisted brokers prior to signing up.

#2: The types of trades offered brokers are different. Some brokers place restrictions to limit the profits you can accumulate. New traders may not be in a position to quickly discern the designs of unreliable brokers. If you are an experienced trader, you may easily find out such ploys employed by brokers. Therefore, it is important to exercise a lot of caution when choosing binary options brokers.

Actually, you should look for binary options brokers that offer transparent terms and conditions of trading. It is, therefore, a good idea to open a demo account and try out the broker’s platform to have a firsthand experience of the terms and conditions. Demo accounts often mimic the conditions prevailing on the real trading platform. Further, demo accounts can be used to try out various strategies before implementing them on the real trading platform.

#3: The binary options trading platform offered by top binary options brokers would be simple and easy to use. You need to check out the platform to see if you are able to execute orders quickly on the platform. This is very important because binary trading is a very time sensitive affair and you should be able to time your trades. You cannot afford to waste time searching for the buttons and navigating the platform. As such, you must ensure that the brokers you want to work with are offering platforms developed by reputed companies in the industry.

If travel a lot, it is important that the broker you want work with offers mobile apps. This will help you to access your account and execute trades on the go.

#4: Payout provided by binary options brokers for successful trades is another aspect that you must check out. Often, best binary options brokers pay as much as 70 to 90 percent of the amount invested in a contract as profits. Some brokers even promise to return a part of your investment in a contract if your prediction happens to be incorrect, helping you to cut down your losses.

Generally speaking, a broker that pays you 70 to 80 percent of your investment for in-the-money trades and returns about 10 to 15 percent of the investment for out-of-the-money trades is the right broker to work with, keeping in mind the fact that your goal is to make money through binary options trading.

The factors that have been discussed above are the most important ones to be ascertained if your goal is to work with the best binary options brokers and generate profits. However, this is not an exhaustive or comprehensive list of aspects to be checked when choosing the best binary options broker. Some of the other aspects that you must consider are listed below for your immediate reference:

  • What kind of underlying assets does the broker offer to you for trading?
  • Are the underlying assets offered for trading represent assets from all the asset classes like the currencies, commodities, indices and stocks and from markets around the world?
  • Does the broker offer binary options contracts with different expiration times?
  • How much bonus does the broker offer on deposits?
  • How much money should you deposit to start binary options trading on the broker’s platform?
  • Does the broker offer platform and customer services in multiple languages? More importantly, you must check whether these services are available in the language you are most comfortable with.
  • What options in terms of currency and methods does the binary platform provider offer to you for depositing funds into your trading account?
  • Does the withdrawal policy of the broker suit your needs?

Ultimately, it all boils down to you investing some time and effort in order to carry out the research required to choose the best binary options brokers. Actually, now is the best time to explore the binary options market, especially because of the uncertainties prevailing in the financial markets around the world.

Best Binary Options Brokers in 2020

Ever thought of investing in binary options? Trading in binary options can be exciting but at the same time, risky. While there are many brokers and trading platforms, there only a selected few let you trade in binary options, and of the providers that do allow binary options trading, many are governed by lax regulators. In addition to the legislative issues around Binary Options, there are several other considerations to keep in mind, which we explore through this article.

We have selected three of the best binary options brokers on the market for you to explore, with a framework of factors to consider before signing up. For those who are not familiar with Binary Options we also explain how to sign up and start trading with our number one provider.

On this Page:

Invest With Nadex – Our Preferred Binary Options Trading Platform

  • Trade CFDs, Stock Index Futures, Forex, Commodities, and Events.
  • Allows 100% Payout
  • Suitable For Beginners

What criterion have we chosen to compare providers

There are multiple criteria that aspiring traders should consider before choosing a binary options broker. We’ll cut the clutter and rank the top three binary options brokers on the below-mentioned criteria.

    Regulation Payouts Bonus Trading platform Coverage of different assets

Top three binary option brokers

Looking at our selected criterion, we’ve identified the top three binary options brokers. We’ve listed the features as well as the pros and cons of going for these brokers. You can go through the details mentioned against the brokers for more insights.

1. Nadex – Best Binary Options Trading Provider For Beginners

We rate Nadex as our preferred provider if binary options. Nadex is regulated by the CFTC (Commodity Futures Trading Commission). Being US registered adds credibility to Nadex. The platform allows a 100% payout. Nadex requires a minimum balance of $250 and charges a $1 trading fee per contract on entry and exit before expiry. If the trade expires in the money, there is a $1 settlement charge. There is no settlement charge if the trade expires out of the money. The platform lets you enter into a contract with major US and global stock index futures, forex, commodities, and events markets.

To deposit money, you can use your checking account, debit card, bank transfer, wire transfer, or could even drop a physical cheque. For withdrawals, you can go for wire transfer, bank transfer, or debit card. Nadex lets you trade with a demo account so you can familiarize yourself with the platform and binary options in general.

In regards to platform functionality, Nadex is comparable with the market, not a slick as some of the bigger names in trading, but certainly suitable for beginners.

There are, however, a few cons with the Nadex account. The minimum initial balance of $250 might be prohibitive for some investors. Nadex allows trading on only a handful of assets. You cannot trade in individual stocks but only in stock index futures. Also, Nadex does not offer a bonus like most other binary options brokers. It also charges a $25 fee for every withdrawal using the wire transfer. The platform allows very restrictive trading on weekends.

  • Regulated by CTFC
  • Suitable for Beginners
  • Minimum Balance $250
  • $25 Charge Per Withdrawl

2. Pocket Option Best Platform for Experienced Traders

Pocket Option lets you invest in binary options on its platform from as low as $1. You can use cards, e-payments, wire transfers, and cryptocurrencies to make deposits in your trading account. However, the minimum transaction value is $500 for wire transfers. For all other payment modes, the minimum amount is $1. Pocket Option also provides an initial bonus when you deposit money. The bonus varies from 20% to 50%. It lets you invest in a variety of assets like stocks, commodities, currencies, and cryptocurrencies. The platform also allows social trading and lets you copy trades of some of the successful traders on the platform. It also organizes tournaments on its platform where you can participate and earn rewards. Pocket Option does not charge any commission on deposit and withdrawal. It offers a payout ratio of up to 128%. The trading platform looks good for beginners as well as seasoned investors and allows US citizens.

Pocket Option is registered in the Republic of the Marshall Islands and is regulated by FMRRC (Financial Market Relations Regulation Center), which is an independent body.

  • High Initial Bonus
  • Allows Options on Stocks and Cryptocurrencies
  • Regulated by An Independent Body

3. Binary.com – Platform for European Traders

Binary.com is an almost two-decade-old entity. The parent company Binary Limited is registered in the Channel Islands. It has several subsidiaries that are registered by different agencies. Clients based in the European Union can trade on the platform. However, US-based investors cannot invest through Binary.com. The platform lets you invest in commodities, currencies, indices, and synthetic indices. The minimum investment amount is set at only $5. You can deposit money in your account using your bank, credit and debit cards, and e-wallets. The platform also lets you make deposits in cryptocurrencies. It enables you to trade on some binary options, even on weekends. Payouts are above 100% on simple rise/fall contracts. The payouts can be above 1000% in touch/no-touch and higher/lower trades. Additionally, their award-winning platform is quite easy to use.

Looking at the cons, Binary.com gives a meager initial bonus, and even that bonus does not apply to residents of the UK and the EU. It does not have a live customer support chat. The platform does not have options on individual stocks and cryptocurrencies.

  • High payouts up to 1000% on Some Trades
  • Low Initial Investment
  • Negligible Initial Bonus
  • Does Not Have Options on Stocks and Cryptocurrencies

What to Consider When Choosing a Binary Options Trading Platform

    Regulations: Is the binary options broker registered by a reputed regulator?

The internet is full of stories over binary options scams. While your broker’s regulation is anyways amongst the essential aspect you should watch out, it’s especially true for binary options. Now, only watching for the broker’s regulation is not enough. You also need to be sure about the credentials of the regulatory body. Several of binary options brokers are regulated either by independent bodies or by regulators who themselves lack credence. Please note, regulations come handy when things go wrong, or you have some sort of issue with your broker.

    Does the broker support investors from your country?

Multiple brokers provide binary options. However, you also need to check whether the broker supports investors from your region. Many brokers don’t allow US citizens to trade on their platform.

    Trading and other fees

Let’s get things straight. There are no free lunches. Every trading platform has a cost. It’s essential to know the fees that your binary options broker charges. The fees can be related to your trades and spreads. Also, some platforms charge a fee for deposit and withdrawal. Some binary options brokers provide their fee structure transparently on the website itself. If you are not able to find the fee structure on the site, be sure to check with the customer care before opening the account.

There can be binary options on practically every underlying asset. However, your broker might have limited options on its platform. For instance, some platforms let you trade in bitcoins while others don’t. Similarly, some brokers have options on individual stocks on their platform, while others only have an option on stock index futures. Be sure to check the coverage of your binary options trader before opening the account. The broker should ideally have most, if not all, of the assets that you intend to trade into.

    Deposit and withdrawal methods

Binary options brokers provide several deposit and withdrawal methods. Some platforms even let you deposit cryptocurrencies. Be sure to check the deposit and withdrawal methods so that you can deposit money in your preferred way. Also, some brokers that give initial bonus set a withdrawal restriction.

Most binary options brokers provide a free demo account. You can use the facility to familiarize yourself with the trading platform. While all brokers try and make a user-friendly platform, you should check if the trading platform confirms your choices.

Most binary options brokers provide you a bonus. These can be of several types, but the welcome bonus and risk-free trades are most prevalent. In a welcome bonus, the broker credits a bonus amount, which is typically a percentage of your initial deposit. In a risk-free trade, a binary options broker would allow you a few trades wherein you get to keep the profits but the loss if any would be borne by the broker. However, it’s important to note that options are anyways a risky and leveraged proposition. By taking a bonus, you are increasing the leverage. Leverage is always a double-edged sword. While it would magnify your gains, it would also amplify your losses in a losing trade. However, if your risk appetite is high, do take advantage of higher bonuses.

Getting started with Binary Options

First of all, you need to open an account, we have used Nadex for this walkthrough. You can open your account online easily. The required documents are the date of birth proof, Social Security Number, and the permanent residence proof. The chart below depicts the account opening process. Once you are done with the account opening formalities and have transferred funds, you are ready to trade.

How to trade Binary Options using Nadex

Firstly, you need to log into your account and ensure that funds are available to trade. Second, you need to figure out which market and asset class you are interested in. You need to decide which particular asset you want to trade. You can go long as well as short, depending on your analysis, meaning that your binary option is a prediction of the outcome of the price movement in either direction – price rise or price fall. There are often multiple binary options on the same underlying tradable item. They differ on the strike price (the point at which a trader can buy or sell depending on whether it’s a call or a put option) as well as the expiration. You will need to decide in what direction you expect the underlying security to move and in what time frame. Once you are decided on these two metrics, we get to the third step, which is placing the order.

While placing the order, there are two options. You can either go for a market order or a limit order. In a market order, the trade is executed immediately at the current market price. In a limit order, you specify the rate at which you want the order to be executed. The trade would get executed only when the market price reaches the limit price set by you. The trade will not get executed if the market price does not reach the limit price that you set. You also need to enter the size of your order, which is the number of options that you wish to transact. The Nadex platform informs you of the maximum possible loss as well as profit before you execute the order.

Once the trade is executed, we get to the fourth step, which is monitoring your trade. Remember, you can close your trade before the expiration time. You can either book profits or cut your losses if the trade does not go in the way you expected. You may also leave the trade until the expiry.

Am I Eligible to Join a Trading Platform?

Binary options traders can allow their services to limited nationalities, which is based on their regulations. Be sure to check your eligibility with the broker if it is not explicitly mentioned on their website. Every trading platform would also a mandatory KYC (know your client) process that would require you to verify your credentials like identity, address, and bank details with the broker.

What types of options are there?

We can classify options into several categories. Firstly, options can be American options or European options. The American option can be exercised at any time before expiry. However, European options can be exercised only at expiration.

Then we can classify options as call and put options. The buyer of a call option has a right to buy the underlying at a fixed price. The fixed price is called the strike price. It’s important to note that a call buyer has limited downside but unlimited upside. The buyer of a call option is betting that the underlying asset will appreciate. The payoff is opposite for a call option seller, and he has a limited upside equaling the option premium. However, theoretically, a call option seller has an unlimited downside.

As for the put option, a buyer has a right to sell the underlying at a fixed price. Like a call buyer, a put buyer also has a limited downside equal to the premium paid. A put buyer expects the price of the underlying to go down. However, he stands to lose if the underlying asset appreciates. The put option sellers’ maximum theoretical downside is the strike price minus the premium received. While a call sellers’ maximum theoretical loss is unlimited, a put seller’s maximum loss is limited. It’s because theoretically, while an asset’s price can rise to any level, it cannot fall below zero.

Summary

Trading in any leveraged asset is riskier than unleveraged trade. You should have a proper understanding of your risk appetite before giving binary options a shot. Trading can be fun and profitable but at the same time stressful.

Invest With Nadex – Our Preferred Binary Options Trading Platform

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Options Broker 2020!
    Great Choice For Beginners!
    Free Trading Education!
    Free Demo Account 1000$!
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Only For Experienced Traders!

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