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Top Five Books About Binary Options
To any beginner, trading binary options, be it the process of opening an account or placing an order, would look quite simple. On the contrary, any experienced binary options trader would vouch for the fact that trading binary options is as complex (if not more) as trading vanilla options. There cannot be any ifs or buts in the strategy employed thereby making it quite difficult to achieve consistent returns.
Even though large financial institutions have been using exotic options for a long time, an ordinary retail investor had very little access to this form of investment vehicle. Thus, a beginner may not have heard most of the financial jargon used in this form of investment. So, it becomes all the more important for an aspiring binary options trader to equip himself technically before entering this lucrative (OTC) market. In this regard, apart from the free material offered by most of the binary options brokers, a trader should spare some time to read at least a handful of noted binary options trading related publications written by renowned authors.
The following is a partial list of books suggested for both beginners and professionals to gain a head start in this profession.
Exotic Options Trading by Frans de Weert
The book titled exotic options trading was authored by Frans de Weert who worked as a trader in Barclay’s capital. The book shares the practical knowledge acquired by the author during his tenure in the investment firm. The author had succeeded in his primary intention of providing option traders, economics students and interested individuals the necessary tools to understand exotic options. Additionally, the book serves as a manual for a trader to manage price and risk of both simple and complicated exotic options.
To succeed trading in binary options, a trader should be able to quantify the risks associated with each and every kind of binary options contract and the levels at which the Greeks change sign. The book precisely provides an answer to the same. Each and every kind of binary options contract is approached from four different angles namely:
- Reason for investor demand for a particular binary options contract.
- Risk behind a binary options contract and its impact on the pricing.
- Best way to hedge the Vega and Gamma exposure embedded in a binary options contract.
- The skew exposure for a binary options contract.
Through a systematic approach, the risk is assessed and the trading strategy is determined for every kind of binary options contract in this book.
The book not only discusses conventional options, digital options, barrier options, cliquets, quanto options, outperformance options and variance swaps but also structured notes embedded with exotic options.
The book deals with numerous real life examples of trading different kinds of options contract. Thus, a trader will have no doubts in applying a suitable mathematical formula for a particular scenario. All the options Greeks and between them are explained in a clear manner with charts. However, in order to understand the subject, a trader is expected to have basic knowledge about the option Greeks.
Additionally, the author has set aside a separate chapter for volatility skew (difference in implied volatility between , and options). A professional may be well aware of the fact that volatility skew is quite difficult to quantify but has tremendous impact on the value of binary options.
The book suits both beginners and professionals who wish to have an knowledge of exotic options and it’s pricing. The book covers of options trading. For someone who wish to have a commanding knowledge (theoretical and practical) about binary options or options in general this is a must read book.
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Binary Betting by John Piper
The book is written by the UK based author John Piper. He is an accomplished derivatives trader who participated in the market actively in the mid 80’s. In an effort to share his trading experience spanning two decades, the author started the newsletter named “The Technical Trader” in 1989. The author describes his approach to market as “” (meaning — understanding the mind of the market). Among several other books published earlier on, the notable one is an introductory book on binary betting. In his book, the author insists that success in binary betting depends on the ability to take trades when news is released.
The book is divided into two parts. The first part consists of three chapters which deal with personal likes and dislikes of the author, theoretical approach (points to remember – money management, entering at cheapest price etc.,) to binary options trading and different kinds of bets available for trading. The theoretical approach explains four different kinds of strategies namely:
- Buy near certainties
- Buy very cheap
- Buy low and trade the position
- More complex strategies.
The author discusses all the methods in detail along with three different approaches (systematic, indicator based, opportunistic) to them.
The third chapter gives practical examples for financial bets including up/down, barrier, one touch, and high/low options.
From the perspective of a wannabe binary options trader, part II, which is all about trading strategies, is the most important part in the book. The trading strategies section teaches a trader to make entries in such a way that there is no need to place a stop loss order. The techniques also ensure that a trader will make money even if he gets the trend wrong. However, the author warns that not all trades will be successful. A success rate of more than 70% is quite easily achievable by following the strategies. The second part of the book also teaches a trader to capitalize on the news based price movement.
The book is a treasure cove for traders who have ample basic knowledge about binary options but struggling to create a profitable trading system.
How to Trade Binary Options Successfully by Meir Liraz
The book was written by multifaceted author Meir Liraz. Apart from being a writer, the author is an entrepreneur, small business management expert, binary options trading professional and a personal finance specialist with over 31 years of experience. To his credit, the author has 12 publications covering trading, business and finance. The author has adopted a approach to cover the basic concepts about binary options trading. More importantly, a full chapter (critical factor for binary options trading success) has been dedicated to enable a trader to identify the thugs in the binary options trading business.
There are totally 10 chapters in the book. As discussed earlier, the first chapter cautions about fraud brokers in the business and suggests techniques to identify them. The second chapter explains what binary options are and history behind them. The third chapter describes the choice of inputs (type of asset, investment, expiry time and variety of trade) available to a trader before entering a trade. Within the trade varieties , the author explains how to execute an above/below, touch and barrier option trades. The chapter also explains the process of extension and premature closure of a binary options contract.
The fourth chapter talks about the advantages and disadvantages of trading binary options. The fifth chapter provides important tips for risk management. The sixth chapter explains the need for a trading system and the importance of technical analysis with a brief introduction about moving average and relative strength index. Additionally, the chapter also insists how important it is to have a charting facility with data. The seventh chapter deals about the capital requirement and percentage allocation (per trade) for binary options trading.
The eighth chapter is dedicated to the basics of technical analysis (identifying support and resistance with moving average, drawing channels and the different kind of price representation on charts. The chapter preceding the last one deals about the process of creating a trading system with various indicators such as RSI, Williams %R, MACD and moving average . The last section in the chapter nine explains the concept of news based trading. The tenth chapter provides psychological and general trading tips, which should be kept in mind to succeed in the binary options trading.
The book is primarily intended for beginners who are looking for an introductory guide to binary options trading. However, after going through the book, a professional may feel that the position of the chapters (or some part of it) should be interchanged for better understanding of the concepts. For example, the description about price representation on a chart (bars, candles, lines etc.,) should have come earlier. Similarly, the pros and cons of binary options trading should have been provided at the last.
Strategies for Directional and Volatility Trading by Alex Nekritin
The author Alex Nekritin is a professional trader with more than a decade of experience in Forex trading. Additionally, he is also the founder and president of a Forex introducing brokerage firm. He is known for his skills in risk management and trading system development. He is also the author of a popular spot Forex trading book.
The author has written the book with both beginners and professionals in mind. To a beginner, all the basic concepts including the difference between exchange traded options and OTC based options are explained diligently. On the other hand, the first few chapters will act as a refreshment guide for a professional trader. The later chapters include graphical illustrations and real life trading examples, which will make grasping of complex concepts easier.
The book consists of seven parts and sixteen chapters. The first two parts, which include three chapters, explain the basics of binary options trading. The last chapter also describes the manner in which a trader should read the option chain. The third part begins with a detailed discussion on vanilla options. The author then proceeds to discuss about expiration of binary options and the mechanics of a binary options short trade. The fifth and sixth chapter explains the manner in which trades are executed and settlement is done at expiry. The seventh chapter provides practical examples of how binary option trades are made.
The fourth part of the book deals extensively with trading strategies. While the chapter eight teaches how to select strike price and take advantage of the price volatility to enter a long/short trade, the chapter nine explains the option Greek ‘delta’ in detail. The next two chapter switches back to trading strategies based on support, resistance and news.
The fifth part of the book teaches the process of developing and testing a binary options trading strategy. The chapter thirteen in the fifth part of the book deals with emotional aspect of trading. The next chapter offers suggestions about risk management and positions sizing.
The sixth part of the book describes the process of managing a trading account. This includes an study about diversification, reinvestment, management of draw down and tackling a series of losing trades. The final part teaches the manner in which a trader should cut down losses, select assets which revert to mean and perform analysis to confirm the trend.
The book is ideal for both beginners and professionals who wish to have an knowledge of binary options trading.
Binary Options Trading Strategy by Pascal Pierre Zambou
The author Pascal Pierre Zambou’s main aim of writing the book is to provide traders with a single trading strategy which could be employed at all times. The author also cautions traders that using multiple systems would only aggravate losses and not increase profits. Thus, a reader of the book can very well understand the reason behind dedicating a book for a single system using four indicators.
The book straight away goes into the trading strategy without explaining the basics of binary option trading. However, there cannot be any complaints as the author categorically says that the book is intended for those who are in search of a proper trading system. At the outset, the author says that the proven system is valid only on 5-minute charts. The author then begins to explain the strategy by giving a detailed description about the four indicators (RSI, Bollinger Bands, moving average & slow stochastic oscillator) used in his system. The details about each of those indicators are quite elaborate with numerous charts. In the final chapter the author explains with examples the protocol for entering a trade.
The book is suited only to those individuals who are in dire need of a workable trading system. Even though the book achieved its objective of providing a comprehensive trading system, the author could have made the publication more attractive by including more details about binary options trading.
Those who wish to take binary options trading as a profession should seriously consider reading the books listed above. It will not only clear the doubts that may arise during trading but also assess each trade in totality. Such a process will enable a trader to raise the level of performance at a rapid phase.
Книги по forex/cfd
Хороших книг, посвященных торговле опционами, на русском языке выпускается довольно мало, да и найти их сложно. Я решила помочь начинающим трейдерам, собрав на этой странице лучшие образцы литературы по этой теме, вышедшие на русском языке. Все книги можно скачать бесплатно!
Книга «Искусный опционный игрок» отвечает на главный вопрос: почему стоит посвятить карьеру торговле опционами? Убедительно доказываются перспективность и прибыльность опционов, объясняется их отличие от других активов, перечисляются и разбираются самые эффективные стратегии.
«Торговля опционами – это игра!» – утверждает Кеннет Трестер, один из самых авторитетных авторов, пишущих на эту тему. Из этой книги вы узнаете, как заключать прибыльные сделки и получать удовольствие от самой работы! В ней вы сможете найти множество практических советов, которые пригодятся и опытным специалистам, и новичкам.
Обстоятельный труд «Полное руководство по продаже опционов» не просто знакомит читателя с основными правилами и принципами опционной торговли: книга помогает понять, как работает этот рынок, от чего зависит успешность сделки. Рекомендую книгу всем, кто хочет досконально разобраться в непростой теме опционов.
Фьючерсы и бинарные опционы пришли на российский рынок относительно недавно. В своей книге Александр Балабушкин раскрывает специфику этих финансовых инструментов, поднимает важные вопросы ценообразования, доходчиво объясняет основные термины, связанные с торговлей опционами.
Не стоит пугаться академического названия «Курс лекций». Книга, посвященная опционам и фьючерсам, разъясняет содержание этих понятий простым и доступным языком. И человек, который до этого и не слышал о фьючерсах, и трейдер с определенным опытом работы вынесут из этого сборника лекций много полезного.
Книга Майкла Томсетта очень популярна среди трейдеров во многих странах: потому что содержит много полезного практического материала, подаёт сведения обстоятельно и доступно. Если вам нужна надежная теоретическая база для начала работы с опционами, эта книга станет лучшим выбором.
Шелдон Натенберг учил биржевых трейдеров в Чикаго – теперь же пишет книги, которые ценятся среди торговцев опционами во всём мире. В первую очередь эта книга будет интересна опытным трейдерам: в ней описываются интересные и нестандартные случаи из практики, глубоко раскрываются стратегии опционной торговли.
Каждый трейдер должен уметь управлять рисками и строить свою работу на основе холодного расчета, а не губительных эмоций. Михаил Чекулаев обращает внимание на вопросы управления капиталом, даёт важные советы по риск-менеджменту, всесторонне раскрывает понятие волатильности.
Книга Джона Халла – настоящая энциклопедия деривативов. В ней можно найти ответ на любой вопрос, связанный с опционами и фьючерсами, подробно препарируются основные стратегии торговли, раскрывается сущность основных терминов, связанных с опционным трейдингом.
Бинарные опционы – далеко не самая лёгкая тема, она не усваивается «сама собой». Но книга «Загадки и тайны опционной торговли» окажется полезной для каждого, кто найдёт в себе силы глубоко изучить тему, последовательно разобраться во всех вопросах, составляющих курс.
Преуспевающий банкир Саймон Вайн написал книгу, очень полезную для тех, кто уже сделал торговлю опционами своей профессией. Серьёзный материал подаётся в доступной форме, разбираются случаи из международной практики, после каждого раздела приводятся упражнения, составленные автором.
Ищете новый способ получения доходов с биржи? Ознакомьтесь с книгой Кевина Коннолли, адаптированной Михаилом Чекулаевым. Подробное знакомство с понятием волатильности и способами получения прибыли на основе этих знаний помогут трейдеру разнообразить свою деятельность.
Обстоятельный труд «Опционы как стратегическое инвестирование» поможет отыскать новый подход к опционной торговле. Полезная информация не только об основных стратегиях, но и об их менее распространенных вариантах поможет в работе опытному трейдеру, который стремится работать не по шаблонам.
Один из культовых авторов трудов об опционах – Лоуренс МакМиллан – не просто даёт читателям нужные теоретические сведения, а убедительно доказывает, почему они им необходимы. Знание – действительно сила, и полезная информация поможет преуспеть в профессии: вот что усваивает каждый трейдер, прочитавший эту книгу.
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Книги для forex/cfd/бинарных опционов, а стоит ли?
Вы когда-нибудь находились в сфере высокой конкуренции? А теперь подумайте, на сколько сильна конкурентная борьба в трейдинге. Я столкнулась с этим, и мне пришлось проверить это на собственных деньгах. Большинство приходят и хотят абсолютно всего и сразу, им говорят, что всё легко и просто, и они верят в свою иллюзорную гениальность. Вы конечно этого не осознаете, но складывается типичная картина, когда Вы хотите обыгрывать профессионалов рынка, отдавших десятки лет жизни трейдингу и забирать у них деньги, при этом не вложив ни капли усилий в прочтение хотя бы нескольких книг.
А Вы в курсе, что есть книги, которые написаны профессиональными трейдерами? Считать их бесполезными по крайней мере неразумно, не так ли? В итоге, мы получаем слив депозита, возможно ни один раз, и только затем приступаем к активному чтению. А теперь спуститесь на землю, и вот Вам самые полезные книги о forex/cfd/бинарных опционах и трейдинге в этом разделе.
В заключение, повторюсь – читаем и еще раз читаем. Разве юрист станет юристом, не читая законов? Практика важна, но без теории «она слепа», как говорил великий полководец. Будем же разумными людьми и отнесемся к торговле forex/cfd/опционами серьезно, а не будем продолжать играть в рулетку.
5 Books for Becoming an Options Trader
For many people, options trading is a strange and mysterious investment practice. Fortunately, there are numerous educational books on the subject that demystify options and help traders profit from them. Here are five of the most notable titles:
- For many, options trading is a strange and mysterious investment practice.
- The following books can teach and instruct in ways investors may trade options profitably:
- “Option Volatility and Pricing,” by Sheldon Natenberg
- “Fundamentals of Futures and Options Markets,” by John Hull
- “Trading Options Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits,” by Dan Passarelli
- “The Option Trader’s Hedge Fund,” by Mark Sebastian and Dennis Chen
- “Options Trading Crash Course,” by Frank Richmond
“Option as a Strategic Investment,” by Lawrence McMillan
Widely deemed the Bible of options trading, Lawrence McMillan’s 1980 classic, “Options as a Strategic Investment,” provides traders with practical option trading strategies designed to minimize risk and maximize profit potential. Its 1,000-plus pages contain information on specific options strategies and market conditions in which they tend to work best. The book dives deep into using options as a hedge and explains how tax laws apply to option trading profits or losses. McMillan also offers detailed advice on trading index options, trading options on futures, and measuring market volatility.
“Option Volatility and Pricing,” by Sheldon Natenberg
This book has long been read by options market professionals and has been called the “bible” by options traders. Understanding how market volatility relates to options pricing is key to helping traders evaluate fair values in the options market. Sheldon Natenberg’s “Option Volatility and Pricing” provides a clear explanation of theoretical option pricing models, complete with examples of specific trading strategies that have shown historic profitability, in various market conditions. Natenberg’s easy-to-follow descriptions help readers understand the key concepts involved in trading options, such as risk management, the relation of options to their underlying assets, volatility, and options pricing.
“Fundamentals of Futures and Options Markets,” by John Hull
Options trading is particularly popular with traders who regularly trade the commodity futures markets. John Hull’s “Fundamentals of Futures and Options Markets,” which is considered a companion text to his book “Options, Futures and Other Derivatives,” offers a clear understanding of the futures and options trading markets. Widely recognized as an authority on derivatives, futures and risk management, Hull has served as a consultant to many of the best-known investment banking firms. Consequently, his book contains actionable information on swaps and other derivative instruments, trading interest rate futures and strategies for estimating the time value of options.
“Trading Options Greeks: How Time, Volatility, and Other Pricing Factors Drive Profits,” by Dan Passarelli
To truly master options trading, one must cultivate a robust understanding of the “Greeks”, which refer to the following Greek terms:
- Delta — option price movement in relation to underlying asset price movement
- Theta — the time value of options
- Vega — volatility-related option price changes
- Rho — option price movements caused by changes in the risk-free interest rate, commonly equated with the yield on U.S. Treasury bills
Passarelli’s book explains the impact that each of these factors has on option values, and presents various option trading strategies that seek to profit from changes in any or all of the “Greeks.” This lets traders accurately evaluate option pricing and identify profit opportunities.
“The Option Trader’s Hedge Fund,” by Mark Sebastian and Dennis Chen
“The Option Trader’s Hedge Fund,” co-authored by options trading coach Mark Sebastian and hedge fund manager Dennis Chen, offers options traders a business model that can help them earn consistently profitable returns. The 2020 book provides a step-by-step primer for setting up a short option investment portfolio, designed to generate a steady income from selling, or writing, options.
“Options Trading Crash Course,” by Frank Richmond
Billed as the the “#1 Beginner’s Guide to Make Money With Trading Options in 7 Days or Less!,” this book is perfect for beginners to learn the ropes and get to trading in record time. The book is geared toward those raring to go, so be cautious: the depth of the material is more superficial and less extensive or in-depth than the other books in this list. But, that can also make it a much easier read for some newbies.
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.
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!
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