Having access to a top class Binary Option trading site no matter where you live is important, as this ensures you have instant access to a site that can not only cater for all of your trades but one that has plenty of banking options available to you.
With this in mind we are happy to showcase to you several sites which score top marks for all of our website visitors living or residing in India. Have a good look through the following list as below you will find the stand out qualities of each Binary Options trading site that makes them the best sites at which to trade.
List of Top 10 Indian Binary Option Sites for 2020
Trade Now / Review
Deposit: $250 Payout %: 81%
Licensed Binary Options Brokers in India
The only risks that you will ever want to expose yourself to when placing any type of Binary Options trades are the movement in the value of whatever it is you are placing a Binary Options trade on, and as such will never want to run into any other types of problems, when trading online or via a mobile trading app.
That is why whenever you do want to start trading Binary Options, you are going to be strongly advised to only ever sign up to a licensed and regulated Binary Options Brokers site or app and one that does legally allow trades based anywhere in India to make use of their services, trading markets, if of course you do live in India.
One of the main attractions of this website is that I have ensured that no matter where traders may live in the world, they are always going to be presented with the ultimate range of top rated and fully approved Binary Options Brokers when looking around this website.
As such, as you will be demanding a first class trading experience when you do set about placing any type of Binary Options trade, please do make the concerted effort of only sign up to those Brokers sites and apps you see showcased upon this very website, as you will be very hard-pressed to find any other Brokers as good and as very highly rated and respected as each of those ones are.
How To Trade Binary from India
There are many benefits of signing up to and beginning to trade at our featured and rated legal Binary Options Broking sites that all and accept new customers living in India, and one of the main reasons why we think you should seriously consider signing up to any of our featured sites is that you are going to instantly qualify for a bonus which is going to enhance your Binary Options trading budget
You are going to be able to trade absolutely any type of Binary Option when you are based in India and become a customer of any of our featured and top rated Binary Option sites, each of them offer around the clock trading options and trading markets which are very easy to access and even easier to use!
You will also be able to trade currency options and will be able to pick from a very large and diverse number of currency couplings. All major Assets Based Binary Options are also available and you will also find a range of Minute Trades should you be looking to lock in an instant profit and with Early Exit Trades also available you Binary Options trading experience is going to be second to none!
Best Binary Options Brokers 2020:
The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Let me now give you three examples of such hugely popular type of Binary Options trades that you can place from India and these are going to give you the potential of making some rather large and appealing financial gains too.
Boundary Binary Options – A Boundary Options may sound very complicated but believe me when I tell you they are a rather easy to place Binary Options trade and one that I do know many India based traders are always happy to place when trading.
Asset Trades – It isn’t going to take you very long to start placing Binary Options trades online for one of their main attractions are that they are very easy financial products to get your head around, and Asset trades will offer plenty of trading opportunities.
Currency Pairs Trades – I am often asked whether it is possible to pair up together in a Binary Options trade two different currencies of the world and hope the value of one of those two currencies moves against the other a predicted, well those types of Binary Options trades are known as Forex trades and can of course be placed at most Brokers sites or on their respective mobile trading apps too.
Top 10 Trading Options in India
The list of questions that you may just have about becoming a Binary Options trader in India may be very long, so let me now turn my attention over to giving you an insight into just which are the most commonly placed and therefore the most popular trades with India based traders.
Below you will find a very good and very diverse mix of different trading markets and trading opportunities and I am happy to let you know that each of our India trader friendly Binary Options Brokers will allow you to place each of the trade types mentioned below too.
Crude Oil Markets
Brent Oil Prices
Natural Gas Values
As with any types of financial related products and possible investments too, the only way to get to grips with the inner working of them is to gain lots of experience of placing them, and with a demo mode account from any of or top rated Indian Binary options Brokers offering you a demo mode account you can place any type of trade you like but in a completely no risk way.
India Binary Options Trading Bonuses
Let me now answer another question that you will surely have about signing up to a Binary Options Brokers site or app from India in a real money trading environment, and that will be of course regarding the many unique type of bonuses that can be claimed from such Brokers.
I just know that no matter which Binary Options Broker that you choose to sign up to, they are all going to be offering you one type of bonus or another, and you may be wondering whether those welcome bonus truly are going to be worth claiming or not.
Well, or be fair each of our approved India trader friendly Brokers sites and apps really do have some of the very best and most generous bonuses on offer to newly signed up customers, so do look through our featured Brokers reviews for more details.
One thing you will however notice if you do decide to sign to any of our approved Binary options Brokers sites or apps is that the terms and the conditions that are attached to their bonus offers, both their new customer and ongoing bonuses are very fair and transparent too.
Payment and Banking Options
You are going to be able to use a plethora of different banking options which are going to enable you to fund any Binary Options Trading account at any of the above listed sites, you can use credit and debit cards or should you prefer a wide range of other web based banking options are available including web wallet type accounts and pre paid options are also available.
Thanks to some very robust financial processors available at all of our listed Binary Options trading sites and online Broking sites when it comes to requesting a withdrawal you are not going to find any quicker paying sites than those we have listed above. Do feel free to checkout any of their websites for a full break down of both deposit and withdrawal limits.
There will be no initial cost to you either downloading a state-of-the-art Binary Options trading app or signing up to make use of an online Binary Options trading platform which is of course good to know.
However, what you will also find that when you open either an online or mobile trading account the option will always be there for you to trade Binary Options initially from anywhere in India with no risks attached and that will be by you opening a demo mode trading account.
Once you have mastered the art of placing Binary Options trades for free you can then place real money trades whether you want to do so, but please watch the above video if you are still trying to understand just what Binary Options are.
I would also suggest that you do make use of the very large and very diverse range of Binary Options trading guides that have been compiled and have been added to this very website as you really are going to find them of great use to help you get a good understanding of the many types and kind of Binary Options trades that you can place in any trading environment too.
Frequently Asked Questions
There are quite a lot of different trading platforms that you can choose to make use of these days, however every single Broker will be offering you their own standalone online trading platform and will also give you access to a mobile trading app too.
It will all be down to your own personal preferences as to just which trading platform you do ultimately end up making use of, but do be prepared to try out both an online and mobile trading platform and app to see which one does suit you the best.
You should always ensure that when you first start using any type of Binary Options trading platforms you take a good long look at each of the user adjustable options settings that are going to be available to you on each platform or even trading apps too.
That way you are then going to be able to configure your own unique type of Binary Options trading session, and you will also find that many trading platforms and apps will also allow you to set your own trading limits too, which is always good to know of course.
When you make the switch over to placing Binary Options trades in a real money trading environment, then there will of course be the initial requirement for you to make a deposit into your trading account too allow you to then be in a position to place real money Binary Options trades.
You are going to find that ever possible type of payment option will be offered to you to allow you to seamlessly and saintly fund your trading accounts, which can include the option for you to deposit by a credit card or a debit card or even use a web or e-wallet too.
Binary Options India – Beginners Guide to Options Trading in 2020
Over the last 5 years, Binary Options have only grown more and more as a popular form of investment in the whole world, including India. Due to the fact that it is an easier form of online trading to get into and because you often need less capital or qualifications compared to Forex trading for example, many beginners have made their way from beginner to expert traders.
Binary options trading is however a typical “easy to learn, hard to master” kind of thing, so if you are new to this world, we suggest that you do these three things:
Go through this article and discover the basics of options trading.
Then head over to the Tutorial section where we explain the basic concept on how you can be a profitable trader in the long run.
Once you have the basics, check out our free Trading Academy where we show you some very successful “over the shoulder” strategies that we still use to make profits – and that you can start copying immediately, too.
Are you ready? So let’s get started.
Do you know already how options trading works and are you just looking for the best broker? Click here and read our review about our #1 broker choice.
What Are Binary Options?
Binary options are by far one of the simplest forms of online investment, away of betting on the outcome of an event of an asset. You stake an investment on your prediction on whether the price of an asset will go up or down within a certain time period.
If an investor is successful with his prediction, he receives a fixed profit return between 80-100%.
Here is a quick video explanation:
The assets traded are generally the same as the traditional stock market, the only difference is that Binary Options Traders do not actually buy and sell shares. They invest only in the perspective valuation or devaluation of an asset – so basically, if the price of the asset will go up or down.
If the outcome of the asset is different than predicted, the investor loses the amount invested. Investing in Binary Options without an investment strategy is foolish. This is important to remember that because of how easy and simple it is to invest, it can easily become a form of gambling.
This is why we have created this guide and this is why we suggest you to go through our tutorial and the free Trading Academy before you invest any money so we can help you to become a smart trader, not a risky gambler who just randomly place bets.
Let’s see a trading example
Let us look at a simple Binary Options Trade, step by step so you can understand what we are talking about here.
Example: (Made up numbers)
You have been watching the market and decided that you want to make a trade. You have decided to make a prediction on the price of Gold.
Currently, the Gold index is trading at $1000. After using your analytical tools and education (which you will gain in our academy), you have predicted that in the next 1 hour, Gold will be trading at a value higher than $1000.
You then invest $100 in a “Call option”, which is basically a bet that expects a higher price than the current $1000.
After locking in your Call option you then wait 1 hour.
If after that 1 hour, Gold is trading at anything above $1000, you will earn up to 80-100%, depending on the broker, of your investment back on top of your original investment. So basically, in case of a successful trade, you almost doubled your money.
If you were wrong however, you lose your investment. Now we hope that you see already why binary options trading is often called a “high risk, high profit” investment and it is true.
However we want to stress out again that a smart trader follows specific strategies and rules and not just blindly place bets which enables them eventually to be profitable in the long run.
A few things to note:
Brokers usually offer expiration periods that range from minutes all the way up to months.
The profit value depends on your broker, average payouts are 80-90% depending on your broker and your account level with them. In rare cases, you can get even 100% profit rate on your investment.
Remember the amount that the index increases by is irrelevant as you do not own the stock, you are simply betting on the outcome.
So even if the price of Gold went up just by $1, you still get your 80-100% profit.
I hope you guys have learned how simple it is to make your first trade.
Did you know? Most trustworthy brokers are offering a free, unlimited demo account, so you can try online trading in just 2 minutes, without any risk.
Are Binary Options Safe?
Binary options are a form of legal investment, with millions of investors and strictly regulated broker firms operating across the globe.
So from a legal perspective, if you choose a popular, internationally regulated broker– which you can find under our “Broker” section – your money should be safe.
Due to the simplicity of it however, it is very important that investors use tools and analysis, along with a strong education to make their predictions.
The industry gets a bad name because so many beginner traders are simply betting their investment money away, with no education at all. Then they go on to moan about how options trading is a scam.
Binary options trading is an amazing opportunity to make good profit and income. However, it takes time and patience to educate yourself, this is not a get rich quick scheme! You may lose money with some trades and it may take several weeks to get to a position you are earning good money – and you have to accept this fact.
Do not get disheartened by losses, as long as you are learning and applying a strategy, you will learn from every mistake and if you are using a good strategy, the wins quickly outweigh the losses.
Fraudulent Brokers and Scams: Signals, Robots, Autotrading
Another reason the Binary Options trading market gets a bad name is due to the large amount of fraudulent brokers and scam tools like most robots and signal services. Check our full list of binary option scams here.
If you are a beginner or even an advanced-expert trader, we highly suggest you to choose regulated brokers only and stay away from one-click tools that offer easy money overnight.
We have simplified your choice by testing most of the available brokers out there, so check out our “Brokers” menu for our top suggestions. If you chose one of these brokers, we can almost guarantee that you will get amazing customer service, great trading experience and last but not least: investment protection up to €20.000 in most cases.
Binary Options Trading In India
India has gone through massive economic growth in previous years, because of this binary options trading has grown exponentially in popularity. Many residents see online trading as a great way to earn an income part-time, with many even quitting their jobs to trade full time. With advancements in smartphones and brokers bringing platforms to the population of growing smartphone users, this kind of trading becoming more and more accessible.
Indian assets are becoming more available across a wide range of brokers, so we believe that the online trading industry has entered India, and it is here to stay.
Here are a few quick guides to some of the unique factors you need to look at as an Indian trader.
Regulation and Licensing – Is binary options trading allowed/legal in India?
The legality of Binary Options Trading in India is complex and is debated often, but let us be clear here: It is not illegal in India to trade on the Binary Options market.
The reason there is so much confusion and hearsay around the topic is the fact that it isn’t regulated in India just yet by the Reserve Bank of India. The difference between the brokers who are regulated and the brokers who are not regulated is vast.
For now, it seems the best option for Indians to trade online is to choose an offshore broker with strong a regulation accreditation. Look for regulations such as FinaCom (International Financial Commission), or if you are looking at European brokers, look for CySEC, FCA or MiFID licensing.
All of these accreditation means that you are protected up to 20,000 euros per trade if the broker does something unlawful.
Customer Support and Hindi language
We will go into much more detail later in this guide about customer support in general. As an Indian trader, not only do you need to make sure that the customer support of your broker is excellent, you also need to make sure that you will not face a language barrier problem during exchanges.
The perfect broker for you will not only offer excellent customer support, they will also be able to converse quickly and efficiently in your native language. Obviously, every trading broker speaks English, but fortunately, Hindi language within the customer support is getting more and more popular among leading brokers.
Taxation in India – do you have to pay income tax after trading?
Generally, any income from trading will be considered a non-speculative business income in India, so yes, you have to pay taxes after your binary option profits.
If you are earning and making profits from trading, then you are expected to follow the tax rules of your country and declare it. Declaration is your decision, but we highly recommend following your government’s procedures to avoid any future issues, especially when you become a very profitable trader who is making a nice income.
Your profits will be added to your yearly income, and depending on your tax bracket, you will pay tax accordingly.
You can, however, claim this as business income, so you are allowed to offset it against any expenses your business incurs. You can offset against advisers, the cost of software, internet bills, etc. You can also offset non-speculative losses against your non-salary income.
Important Terminology in Options Trading
If you have ever watched films, or seen an actual market floor, you may have gotten overwhelmed by the terminology and jargon flying around. We are aiming to simplify that, that way you enter the world of investment confidently.
To start basic trading, you don’t really need to know what each of the below words mean, but if you want to understand strategies and use tools (which we highly recommend), it is important to your long term goals that you know what all this terminology means, even if it’s difficult to understand what they exactly cover.
But do not worry, over time, this terminology will become part of your everyday vocabulary.
Asset – this is the underlying stock, commodity, currency pair or index, on which the trading activity is based
Expiration time – the date and time when the option is about to expire. This is the time when you your option is closed and you either made a profit or not.
High or Call option: by choosing a Call option, you speculate that the asset’s price will rise.
Low or Put option: by choosing a Put option, you speculate that the asset’s price will fall.
In-the-money – this term is used in order to describe the situation when you have predicted the movement of the asset price correctly and the binary option is profitable.
Out-of-the-money – this term describes the situation when you have wrongfully predicted the asset’s price movement, rendering the binary option a loser.
What are the available option types?
Now we have glossed over the basics, let us look into Binary Options in more detail.
The term “Binary” is used because there are only two results, either the price will go up or the price will go down. You win or lose based on these results.
There are several varieties of Binary Options.
Put or Call options
The simplest binary option form is called the Put or Call option.
The PUT option is a prediction that the price of the given asset will DECLINE over the period stated.
The CALL option is a prediction that the price of the given asset will RISE over the period stated.
These are the simplest form of binary options, and for the first stage of your trader career, we suggest sticking to these options.
When you advance to a better level of knowledge and experience wise you can experiment with different types, such as the following:
There are two types of touch options.
The one-touch option gives investors an advantage when they are confident that the asset will move according to their prediction.
They will set a one-touch option at a “trigger point”, during a period of time.
During this period of time, if the price of their asset reaches this trigger at least once, the investor will receive a payout, regardless of where the asset finishes.
Let us give an example.
The Gold exchange price is $ 1000, you decide that within the next week, Gold will reach $1250 at least once.
During that next week, the price of Gold reaches $1340, before dropping back to $980.
You receive your payout upon the trigger point being met so you are paid out.
This option is the opposite of One Touch Option. The no-touch option predicts that the value of the asset you are aiming for will not reach a certain value limit. Like One Touch Option, you or your broker set a certain price for the target asset and predict the price of the asset will not touch the price you or your broker set in a certain time period.
Double Touch Option
Double One Touch option
By taking the concept of the one-touch option, the double touch option has twotriggerpoint values. Your option will benefit if the value of your assets touches one of the triggers that you set, regardless of which point.
For example, if the current price of gold is $ 1200, and you or your broker set the trigger’s top point at $ 1250 and the trigger’s bottom point at $ 1150, your option will be profitable if the gold price rises to $ 1250 or drops to $ 1150. Conversely, if the price of gold does not touch one of the trigger points within a certain time period, it will be out-of-the-money.
Double No Touch option
As the name suggests, the double no-touch option has the opposite direction from double one touch. You still have two trigger values but this option must be in-the-money form. It is predicted that the asset will not touch one of the two trigger points you have set for a certain period of time.
If one of the trigger points is touched by the price of your option transaction it becomes out-of-the-money and you lose your investment in assets. Therefore, traders usually prefer to invest in markets with a tight range that usually appears after the climax of selling or buying (strong price spikes).
Paired options are one of the more exotic forms of binary options. This option is only given by a very few brokers and is usually based on the performance of an asset which is related to other assets.
Here, the trader selects the asset pair from the list that has been given and bet on which asset will surpass the other within a certain time. Assets are paired by class and sector (the categories must be the same).
Although some of these options sound very interesting, we highly recommend that you stick with the basic call and put options.
For two reasons:
Regulated brokers usually don’t offer exotic option types.
Due to their nature, they make trading very risky. It’s a big challenge already to hit the right direction of the price movement, why would you take extra risks?
What Assets Are Used In Binary Trading?
As you become more knowledgeable, you will probably begin to prefer to trade certain assets. This is a beginner’s guide so we will not go into this in too much detail here. Range of assets can be an important judging factor when reaching a more experienced level, but for beginner traders it’s not necessarily the #1 aspect you should look after.
However, I am sure you have all seen on the news, stories about stock prices from big companies like Microsoft or Toyota. Stories about massive increased or gradual decreases in the value of stock. These are the main types of Assets you will encounter in the Binary Trading World.
On the stock index, you have to predict the value of the top shares of a stock market whether it will increase or decrease in a certain period of time.
You can trade on any stock index, be it Dow Jones, FTSE 100, Hang Seng, DAX, and NASDAQ. The advantage of playing a stock index is that the procedure is easier than buying shares through a broker, in binary options you don’t have to pay any fees or commissions.
You also do not need any fancy accreditation, or to work in the horrible environment that is the stock market.
Let the stock market traders get up early and go to work for 18 hours a day in their hot suits, whilst you get up at noon and make trades whilst sat in bed!
Currency pairs and Forex
Trading with currency and foreign exchange options is very closely related to paired options, because you can only define a price of a currency relative to another one.
Popular currency pairs are EUR/USD, USD/JPY, USD/GBP, USD/CHF, USD/CAD, AUD/USD, NZD/USD, etc
In addition, the binary options offer exchange for bitcoin with other currencies, such as bitcoin with US dollars.
Cryptocurrency and Bitcoin
This brings us onto Cryptocurrency. A currency that deserves its own paragraph due to the complexity of it.
Crypto is one of the most exciting and explosive markets we have seen since the .com era. Overnight rises of up to 1500% are not just happening, they are happening often.
A very dangerous commodity with the potential to earn a fortune or destroy. You rarely can apply normal investor strategy or analysis to Crypto, so be wary of dipping your toe into this world.
If you are interested in trading with Bitcoin, Ethereum, etc. check out our guide about Cryptocurrency Trading.
In commodity trading goods allow you to trade without having to buy these commodities physically, which of course must be very expensive. Typically, commodities traded through binary options trading are the value of gold, silver, copper and crude oil.
Previously, the sale and purchase of shares was generally only carried out by high-ranking business people who at least had a bachelor’s degree in economics or equivalent. For beginners, buying and selling shares is quite risky to do.
With binary options, even you beginners can trade up to thousands of shares without having to buy real shares from a company where you invest.
How To Start Trading Binary Options?
Even for beginners, getting into this world is very easy. With the right knowledge and guidance, you should be up and running in no time. Make sure you keep up to date with news and reviews here in order to get the most up to date information on trust-worthy brokers.
4 Steps to start trading with binary options:
First, look for the best broker – check out for our recommendations in the “Brokers” menu.
When you have found your broker make sure you register a Demo Account. Use this demo account to test how good the platform is for you, test the comfort and smoothness of the platform out.
When you are comfortable with a platform depositing funds into your account. Check out our article if you need help with it.
Sign up for our FREE Trading Academy and learn what strategies we use to be profitable while trading.
How To Choose the best Binary Options Broker?
Choosing a binary option broker is crucial for your long term investment goals. This is your hard-earned investment money here, choosing the wrong broker means you could lose the value of your investment.
We understand this, so we are going to give you a quick guide to use when investigating potential Brokers. We use a more in-depth analysis when writing our broker reviews, but the below information will give you a very good idea about what to look for.
First Impressions/General Information
When looking for a broker, first impressions are often a great indicator of whether to continue looking into a broker.
There should be clear transparent information about the company’s objectives and past achievements as well as statistics and general information about the company.
Look for trust signals such as physical company locations, details on leading members of staff, up to date news of current positions.
If learning material is publicly available and access to a demo account is free, take your time to see the quality. Compare the content of existing learning material with other material provided by competitors.
Regulations and Safety
A regulatory body, such as CySEC or the Financial Commission are 100% crucial when picking a Broker. Look for similar accreditations like the one from Olymp Trade below:
If no one is regulating a broker, they are free to do what they want, this is how most people have been scammed in the past.
The purpose of regulation consists of things such as consumer protection and strict adherence to the financial market model, as well as convincing and promoting fair competition among companies with fair rules so that consumers can exercise their rights fairly.
For binary options brokers to be regulated, they must meet the requirements and operate in accordance with the regulations set by the regulator. Among these requirements are security protocols and procedures to fight money laundering and fraud.
If a broker is regulated by FinaCom or CySEC, your trades are protected up to a value of 20,000 Euros.
Because of these regulation, we have to stress out:
Never give fake data. You will lose your money and will have no right to contest.
Please Read That Again.
Free Demo account
Every broker who is worth their salt will have some form of a demo account available to its users.
When looking for a Broker, we would not recommend going with a broker who does not have this kind of feature available.
Demo accounts allow you to test-run a platform, checking that it works for you, runs smoothly and remains stable for long periods of time and makes sure you like the style and tools available.
Use demo accounts wisely to check how well your strategies are doing, test new strategies, learn how to use different metric measurements, indicators, and chart types.
Platforms that work well no matter what your account level is, usually work out better for users in the long run.
Most good brokers will allow you to keep a demo account alongside your regular account, allowing you to test and practice without investing your capital every time.
Wide selection of Deposit and Withdrawal Options
Make sure you thoroughly read through all the terms, conditions and stipulations around a Broker’s deposit and withdrawal system.
Make sure you find out the policy for withdrawals and the time scales. Some brokers only allow withdrawals to the same method you used to deposit.
Make sure you check what the method is also, will you use international bank transfers? Or an electronic wallet such as Skrill or Paypal.
The general consensus we have found for users in India is that Skrill is currently the best way of transferring and withdrawing money. You can read our full Skrill review here.
Please note: Due to policies to prevent money laundering and fraud, you may be asked to send and confirm documents at the time of initial withdrawal, which can be time-consuming during the initial withdrawal process.
Now you should have narrowed your choices down to Brokers that have good money policies and are highly regulated and safe.
The next step would be to choose the platform you like the best. Many platforms are very similar in the Binary Options market, so if you find one with a particular feature that you like, that other brokers don’t have then this may influence your decision.
These features could include:
Learning material: What topics and strategies can be learned from the material the broker provides for free to its members.
Tournaments: Almost all of the good brokers have some kind of trading tournaments where you can win nice prize pools by competing other traders.
Analysis and projection tools: Some platforms provide analysis and predictions for multiple assets. This feature provides a better understanding of scenarios and therefore increases the chances of success even further, increasing investor return on investment (ROI)
Main Graph Quality: The main graph shows investors the most information regarding a potential investment. Although it looks simple, this is very important, when faced with investment, the ability to clearly visualize the situation helps in identifying trends. Most existing strategies are based on the interpretation of scenarios based on graphics and special tools, this feature should be maximized in its use.
VIP Account Manager: This is a very specific type of customer service. Many brokers offer their VIP Accounts, Private account managers. These account managers act as dedicated customer service agents to individual traders, allowing for much quicker customer service queries.
Personal consultant: Personal consultants can give you valuable tips about investing to maximize your level of profit. This feature is again usually available for users with high deposit volumes and VIP Accounts.
Hopefully, if you use the above guidelines, you will be able to choose a broker that will help you prosper and grow as a trader.
We cannot highly recommend to check out our #1 broker recommendation, as this is the one we use the most ourselves to trade, you will be in good hands.
Our recommended brokers score highly in every one of the above factors, they have very high regulation status, have won countless awards, and also have one of the most feature-rich and innovative platforms we have seen out of any currently available brokers.
How Do You Make Money With Options Trading?
You have found out about the potential to make good money with Options trading and you want to know-how. This is probably the main reason you are reading this article.
As we mentioned earlier, options trading looks very simple for the first sight, but it’s somewhat more complex than you might think. Because of this, we have dedicated a whole “Tutorial” section, the article you are currently reading is just the first part of it that is covering all the basics you have to know.
If you already know how to register a new broker account you can skip that article and jump straight to the “How to make money with online trading in theory” article.
Things To Remember!
Risk is constant throughout all trades, but you will never lose more than you put into a trade.
There is no need for stop losses in Binary Options Trading, you win or lose.
Returns are on average 70%-90% per trade, sometimes even 100%
Make use of Demo Accounts, Free Education and our Free Trading Academy, to give yourself the best possible start.
Make sure your brokers are REGULATED
And most importantly: Using a good strategy and discipline is the key. Read our next article about how you can make money with online trading (link above), check out our FREE Trading Academy and start your online trading journey now!
Binary Options FAQ
How Much Money Should I Invest?
As with all investments, only ever invest what you can afford to lose. Obviously the more you invest the more profit you will make per trade. With $10 it is going to take you a long time to see sizable profits. But you can still learn a lot from trading at this level.
Investing around $100 is a good entry point for the average user, you can make some decent If you have the capital investing $1000 or more will provide the best benefits, you will gain VIP Status with most brokers, and gain access to all areas of the brokers’ platforms. You will gain more education and specialized tools, as well as dedicated broker support and account managers.
At the end of the day, you have to decide how much you want to invest, no amount is the wrong amount.
If Binary Options Are Profitable, Why isn’t everyone doing it?
80% of people who sign up for Binary Options brokers end up gambling their investment money with little thought or education.
Even though Binary Options can be very profitable, you aren’t going to see massive returns off $10, you won’t make thousands of such a small deposit, this can put off potential investors that are scared to deposit larger sums and just want to get rich quick.
How Much Profit Can I Make?
This depends on deposit size, trading activity, payout, commitment to self-education. It is impossible to tell how much profit you are going to make, however, we use strategies that work with around 75-80% accuracy when we trade. If you are interested in those strategies, sign up to the free academy where we will be revealing our methods.
Can I Try Binary Options For Free?
Yes, all of our recommended brokers have free demos you can try.
We encourage you to do so and spend a good amount of time on the demo before opening a real account with your hard-earned money. It does not matter how good the broker is if you don’t like or understand the platform they use.
Try your usual strategies, try new strategies, fiddle with all the possible settings. After doing that over several brokers, choose the one that felt right to you.
How Do I Withdraw My Winnings?
Please read our section on withdrawals in the article.
When Is The Best Time To trade binary options?
A crucial advanced part of your education will be the utilization of economic calendars.
Economic calendars list the times and days, when each country releases the latest data they have to the public. Certain brokers have better economic calendars then others.
Good brokers have “Data Release Days” with many of them offering bonuses for traders trading on that day.
This can be an absolutely brilliant way of increasing your profits on a day where you will have access to all the newest information.
Open a Free $10.000 Demo Account at our #1 Broker, Olymp Trade:
Binomo is a simplified version of trading on the stock market. In trading binary options, the same data, assets and quotes are used as in traditional trading. You can start trading with a deposit of only $10, and transactions can be made starting at $1.
Binomo is a binary options company that stands out among many other options brokers. By offering a proprietary trading platform to its clients, loyal trading conditions, free training, and bonuses and gift options, the broker is able to be a good alternative when choosing a modern options platform with low minimums to start.
Terms of trade with Binomo
A perfect free training block, continues update of analytical materials and the number one is that this company can become the best choice for novices as it offers to them the lowest trade limit: minimal deposit of $5 and minimal transaction of $1. There is a free demo account available for novices, strategies proven by a good company of market players.
The company trading terms are ones of the top ones in the market. Everything is done here for a trader to sign up easily and start the real trading. The happy brokers customers praise the profitability of the platform, quick withdrawal, lots of offers, free signals. Due to the unique «Non-stop» mode you don’t need to wait for a transaction to be completed to start a new one, since the system lets you open several transactions simultaneously. Besides, the broker makes it possible, to earn from trading not in business days only, but also on weekends. The continuous implementation of advanced solutions to the service, emphasis on the safety of collaboration with the resource, the quality support – it is what made it possible for a young company, to leave the competitors behind. According to ratings of binaries brokers, Binomo keeps taking the top positions in the market outpacing the stronger projects. This is a modern and vibrant company setting big targets and achieving them.
You see already how to trade with Binomo to the effect that to keep getting income on a regular basis, don’t you? For the effective work the platform offers just up-to-date solutions, advantageous tariffs and training programs. The customers know how to win with Binomo more, don’t forget about numerous offers making trading more interesting and effective. Especially that the measurable benefit of this modern company is its offers. On Binomo official website you will find the ones of the most interesting and profitable offers. Why do you need a bonus at all? Binomo coupon – it’s special offers of the platform increasing the capital which may be used for trading, or depends on conditions, even withdrawn and spent the way you like. It’s a chance to earn real cash, get the trade experience.
Basic information about the Binomo broker:
The company’s website – https://binomo.com,
Place of registration – the Republic of Cyprus,
Registration year – 2020,
Regulatory body license – Financial Commission, FMRRC,
The broker’s trading platform – a proprietary innovative design,
Deposits – 10 USD,
Volume of contracts – from 1 USD to 3,500 USD,
Assets – metals, raw materials, stocks, currencies, cryptocurrency,
The demo platform – a 100% equivalent version of the real one,
A mobile terminal – there is one,
Withdrawals – 24 hours,
Available payment services – QIWI, Neteller, Union Pay, mastercard, WebMoney, VISA.
Binary options training:
If you’re just starting to get acquainted with the options market, you won’t find a better broker than Binomo. On the company’s website, there is a large collection of material for beginner and professional training.
The theoretical part:
An interactive guide for beginners,
A knowledge base that contains the basic concepts of binary trading,
The practical part:
Original trading strategies,
One of the significant factors characterizing the broker is its support team. In this regard, the company is praiseworthy. Client support is provided by well-prepared, qualified personnel, capable of quickly finding solutions to any client problem. The support team works 24/5 and is always on the client’s side.
Binomo trading options is quite a solid step for a trader deciding for collaboration with the company, as they actually have the unlimited gain potential. But the key to success is a choice of a trading platform, and Binomo platform is exactly the one you shall pay your attention to: this is an advanced terminal with no analogues in the market, advantageous terms, useful service etc. Reliable regulation, rapid technical support, wide range of tools (shares, CFD, cryptocurrency trading) – all this speaks for the company gravitas, Binomo platform promising outlook and convenience (the feedback is real, withdrawal, bonuses below in our review).
On the own Binomo platform, which is considered to be the one of the best in the market, the most advanced technologies are implemented, professional tools are available, which help to undertake the complete analysis of assets dynamics, high order processing speed. This avoids the necessity of outside services application making the trading more comfortable. Moreover, apart from the advantages described above, Binomo lets traders withdraw the earned profit. The maximal withdrawal term is just 24 hours!
The company platform doesn’t need to be installed to your computer, is characterized by nice design, advanced features: change of chart design, expiration type, assets choice along with studying the information about them, adding indicators and widgets etc. It’s simple and easy or a customer to find out in the platform operation way, understand his options, then he can stake one at once and make a profit. The terminal is targeted both at a novice of the market and a professional trader, both will feel here comfortable enough. You can study at once the breaking news o the market, the analytics of the company staff, watch the quality webinars.
The platform has a unique design, color palette, and a variety of technical tools and technological solutions, namely the following:
A user-friendly interface with easy navigation,
The ability to change the display colors and styles,
Scalable large-format quote charts, with the features of form change, the construction of asset quotes, and views of market history,
A set of high-performance indicators,
A selection of graphical tools for technical market analysis,
The «majority opinion» statistical indicator,
Highly accurate quotes of base assets,
A convenient and effective range of expiry periods from 60 seconds to 24 hours,
50 base assets,
Option types – binary and turbo,
Non-stop trading mode,
Speed of executing trade requests – up to 1.7 ms,
The best format for displaying trading history.
The instrumentation and stable operation of the Binomo broker’s trading platform allow the user to implement any trading plan, build their own strategy, successfully manage capital, and, of course, earn!
And the thing options market beginners enjoy the most is the high-tech Binomo platform available in the demo version. So, it’s possible to try your hand at trading and test the company’s trading software without replenishing your account!
Binomo broker quotations
It’s crucial for a young and promising company to provide its customers with the proven and reliable service. So for the customers to have the up-to-date information about quotations available, Binomo cooperates with one of the most respectable liquidity suppliers of the market – Thomson Reuters. So traders can be sure that there are accurate data about the assets prices provided in the terminal, which are continuously updated. This information is common for all users, its change from the broker’s side is impossible.
Binomo demo account
The option of check out a broker’s service and of training trade in its terminal is long time considered to be a professionalism mark of the company, which is fair operating in the market. Binomo offers a free demo account for interested traders, too. This option lets players check out the terminal service, test strategies, complete transactions with virtual money without losing their own capital. The company terminal is its own development. To try trading here and estimate if it convenient is for you, you also should use the Binomo training account.
The demo account is termless, it gives you the real chance to understand in actual practice to what extent the broker is fair with its trader, how professional is its support service, how convenient and stable is the platform. Besides, all the capacities of a real account are available here, which a user works with after filling the account.
Binomo mobile application
One of the major trading platforms in the market offers to its customers a mobile application (iOS, Android), which lets you get the direct access to the system any time. Now the fully-fledged trading nonstop is possible. No matter where you are, as long as your smartphone with the mobile platform is with you. You can trade in the functional terminal, study the stakes history, fill the account, take part on tournaments and offers.
To set up the application to your mobile, press the multipurpose button below, which will automatically redirect you to the online-shop of your smartphone, where you can download the terminal for your operation system for free.
When first time registered by Binomo, you have the right for getting bonuses. Their amount may reach 100% of the filling sum. Such offers let you double your capital at once after you signed up in the system, with no risks for your deposit.
If you go for a Binomo bonus, you shall certainly study its use terms, as any platform has rules, is customers shall follow using the bonus offer. Please note that the company cares about the project marketing part. So there is a great amount of campaigns and special offers available on the platform. For example, Binomo bonuses are the additional options by the first account filling, these are the «megabonuses» – gift offers with a hefty money reward.
One more significant advantage of the company are numerous tournaments designed specifically for platform users, they let you not only check your intuition in use, but are also a good way to earn the proper capital with no risk for your deposit. The tournaments take place on the regular basis and provide a generous sum of the prize pool, may be both, requiring payment and free, some of them are held specifically for novice traders, others are focused on professionals. Before you try your hand in a tournament, read its participation conditions carefully. We assure you, the effective trading is possible only if you build up your familiarity with it in a proper way. If you got interested in the company capacities we described above, welcome to binomo.com! Taken to the website you will unveil a wealth of opportunities!
Deposit and withdrawal
A very good reliability sign of the company providing trading services is a strict payout discipline. The withdrawal with Binomo really happens within 24 hours. On the average, the money comes in 3-4 hours after withdrawal request to the indicated wallet! This impressive processing speed points to the fact that Binomo is very quick with payouts and will never «squirrel» your earned funds away. You know, it is very important at a time when a great number of other similar resources start «machinate» after the application execution, ingeniously inventing more and more excuses for you.
Well, Binomo let traders withdraw their earnings without any problems. It’s possible with payment cards VISA, UnionPay and MasterCard, services Alfa-Click, Neteller, QIWI, PSB, WebMoney, Yandex money, cryptowallets. Here we point that the minimal withdrawal sum starts from $10 and the company doesn’t take any fees for transactions, the customers save sizeable amounts due to this.
Complaints against Binomo
Our team studied carefully thematic forums and portals, with the information and feedback about Binomo. We noted a certain amount of the negative comments from customers, caused, as appeared, by technical problems on the company website while transferring it to a new trading platform and changing the bank where all deposits of users are kept. On the back of technical faults the public anger raised, which cooled down right after the service operation was put in order. It’s a tribute to the platform to create a perfect trading platform where it takes really just 24 hours to withdraw funds, so there is no rhyme or reason to consider that public anger as a shortcoming. Quite the contrary, the collaboration with Binomo became hugely more nice and more quality.
If we find complaints about Binomo, we will post it on social media. Follow us to be well informed:
As for the rest, the complaints against Binomo don’t exceed the threshold. And this speaks for the fact, that Binomo manages its aims and missions successfully, trading on its platform is gainful and comfortable.
Binomo broker regulation
Binomo submits to jurisdiction of FMRRC (№ RU 0395 AA Vv0120). It means the company is regulated by a serious agency performing audits of the company activity of the clarity and quality of its services, guaranteeing the security of all deposits of the customers. In case the financial issues with the platform happen you will take your funds back easily, this also speaks of its reliability.
Apart from this, the company is a member of the International financial commission («A» category) since May, 2020. This fact also makes it clear, that Binomo is a reliable project guaranteeing to users the high quality service, clear cooperation and protection of their funds by professional company.
Binomo «User agreement»
One of the essential documents, «User agreement» of a customer with the broker gives you a chance to check out the internet resource rules, aspects of transaction setting and withdrawal process, lets a trader study his rights and obligations. This information must be studied before you signed up with the platform to protect yourself from possible problems collaborating with the broker in the future.
In «User agreement» of Binomo you can find various materials, which make a trader think of many aspects. For example, in the paragraph about the nuances of quotations display in the terminal it is pointed that it is the only information source of assets price. At that the quotations can’t be true at a certain point as they are influenced by terminal stable connection with the company servers. The broker also does not guarantee that the transactions executed by these quotations at some point will be completed by the same price. It is not really convenient for traders counting on some profit while working in the market:
Or please note the fact that in case of disputes on transactions client-side proceeding the information on them happens based on the broker’s materials. At that, the complaints concerning the missed profit and a claim for compensation for the emotional distress are totally ignored by the company, this also complicates the interaction with it:
A customer confirms that the risks of trading may be essential – this is the fair paragraph published on the most broker platforms. However, cooperating with Binomo he automatically agrees also, that the company does not bear the responsibility in case of his losses happened due to force majeure and other circumstances. This information also makes the cooperation with the resource «shaky», as there may be a lot of such «circumstances», which may also result in significant losses:
Is Binomo a scam?
As of now Binomo is one of the most advanced and fast-paced trading platform in the options market, the broker received the FMRRC license, is committed with all the clauses of the customer agreement and its own trade terms. So saying Binomo is a scam would be the true aspersion on the fast-growth company.
Binomo company is worthy of separate attention of traders. It offers some of the most loyal trading terms in the options market, provides the perfect trading soft, access to free trainings and daily analytics. Besides, please note the rapid withdrawal of funds from Binomo platform, which will be transferred to you within 24 hours, – not every company can boast about! Needless to say the regulation of Binomo leaves a certain degree of confidence in it, along with the customers’ deposits coverage eliminating any risks in the market.
What can we say about the company as a whole? If you need a broker with good trading software, high profitability of options, achievable conditions to start trading, and free training – Binomo is the way to go. Focusing on high stock exchange standards, this company is loyal to all its clients. Whether you are an experienced trader with hundreds of thousands of dollars, or a novice trying to make money on binary options, Binomo provides all of the conditions for self-realization. And that is the most important thing that you can look for in an options company!
One final comment is that Binomo passed our careful audit relatively easy and is very worthy to join the ranks of those companies allowing you trade options without any problems and make a pretty penny out of it. Moreover, Binomo lets you all the earned profit without any problem, the company is regulated by FMRRC, has numerous positive comments from customers! Picking Binomo company for trading you obtain quality, stability, safety and innovations in one platform! These are the perfect advantages, which may be hardly found by majority of other similar trading platforms of the financial market.
Binomo is a scam. More, it is manage by estrange people. Customer service incompetent, a Sergey who doesn’t know that its company is fooling people. Once you jump from Demo to Real money, the platform becomes suddenly very slow. I meant, very! You place an order and it takes more than 20 sec. before your order appear. And it appear when you don’t want where it appears. Result, you lose money. So contact Customer service, where people are rude, incompetent and when very approximate English. So you contact the famous Sergey! Ha! Sergey. This guy will tell you «yes, it’s not our fault, it;s the fault of another company». What? Another company? Which one? He will answer «another company….». That’s it! You lost money. Moreover, Sergey will recommend you something after losing money: «Stop trading…». OK stop trading, thank you. After? After, if you want to withdraw money, they will do everything to fool you and to lose everything. EVERYTHING. Scam? Mafia people suit them. Video links will come soon.
Hello, Nikos! Please, tell us the ID number of your account. We remind you that your account has to be verified, so, please, send us the photo of your passport to [email protected] . We also kindly ask you to provide the screenshots of the deals you think were not closed correctly. Thank you and have a nice day !
What? You are deleting my reply? Binomo is deleting REPLY? Come on people! You stole my money and you want my passport scan? Are you kidding?
Why, Binomo, do you, systematically remove my answer?
No, I will not have a nice day as you sole my money. You already have my passport scan. You already send me an email saying that you server had a problem. Did you reimburse me funds? No! I even couldn’t withdraw money. Scam you are, videos are published all over the net.
Why do you delete my posts? Why do you delete other posts? Why do you want my passport as you already got it? Why should I provide to you screenshot as I am talking about videos? How can we see you’re a scam company with screenshot? Nonsense..
Agree with Nikos. Do not sign up with Binomo. Thief people. They will suck all your money with their very platform. No need to have techniques as it’s only casino. Technique requires on time trade which is not the case. Your trade now, they will take into account your trade in 20 seconds. BE CAREFUL!
Dear Marcel, we don`t have a possibility to delete the comments. You can be sure that we never did it. If you still experience withdrawal issue, then, please, contact us via [email protected]
Hello. It seems that my previous comment was deleted by Binomo. So, if they delete, you understand which kind of people they are. As said Nikos and other persons, do not sign with Binomo. They will take all your money with their very under performing platform and incompetent staff.
It appear that Binomo succeed to remove negative comments. I will answer from Nikos, as I had the same problem. With Binomo, you have to provide you passport scan, Credit Card scan and other details, but you will never be able to withdraw your money and what ever you provide (such as shot screen), they will never reimburse you. Scam and mafia people they are.
Well…let’s say that Binomo it’s a scam. Just be careful as their platform is performing only with Demo account, When trading with real money, it’s juts Casino. Their customer service is a band of thief, incompetent and they will do their best for you to lose patience, and money. They will NEVER allowed you to withdraw funds. They have a guy, Sergey, who is suppose to help you. It’s a just a puppet, Be carfeul! SCAM for sure Videos are available on youtube in Englsih, Russian and Thai. to prove it. Don’t put 1 cents on this option . Same apply to IQ Options. Same companies….same mafia.
We feel sorry that you had a negative experience. Do you have a proof of incorrect platform functioning? Withdrawals are processed according to Client Agreement without any delays. What exact withdrawal issue did you had? We always consult on any issue of our clients and do our best to solve any of them. If it is still actual, please, contact our support department via [email protected]
This was the worst broker I have ever dealt with.
They have a BAD support, where the employers doesn’t even speak a good english and send over and over again the SAME answer on almost all emails.
After 6 months trading with them (The only reason was their good payout during 21-22gmt) they blocked my account and from a few of friends for no reason.
First, they requested me a video conference (after 6 months using the broker with all documents OK). So I did it via SKYPE.
They said I should receive an email from the Security Departament.
In the next day, nothing happens, then I sent an email again and they said I have to wait 90 days to receive a message from their departament. In the meanwhile, I have not acess to my account or even can withdrawl my funds.
I consider this as a theft.
As I said in the begin, their support is the worst ever, so I will never get my money again. I have friends who loose over 6.000, some 3.000usd each one. Stay away from this broker.
Binomo send withdrawl on wornge address 3pavoApa2a4eSkikTEm9niH3pDTT8HKdBU
binomo mistake its not gvie me withdrawl my address 39guhXURRhDxaFq4n12xKV9xkd7DkTQwBH i lost 18 usd now when binomo give me return
Hello To All, Binomo is a platform for all, its is easy to use and trustworthy too. It is pretty convenient to trade using the Binomo platform. Well, I am no expert in trading though, however I did it very well as Binomo provides support at every step. You can call them anytime. This makes trading risk free, as you get support from the professional team.
It is a good platform. It is relatively easy to use as well. The best way to make money using Binomo is first, to practice, and second to remain updated. Be a vocal part of networks, forums, Facebook groups etc to keep knowing about the latest happenings in the field. The amazing resources provided by the platfrom make it very easy to use!
Hello, A surpsisingly easy to use platform. I love using Binomo as it has a seamless interface. The website has detailed instructions on how to use it. It has a great 24/7 customer service as well, which helps make the tasks easy.
Binomo provides seamless trading facilities. You go to their website, and the interface will guide you take further steps. If you are still not able to use it, you can call their customer support which is present 24*7 for assistance.
Binomo is a good platform as per me. I am based out of India and it is a new entry here. I would recommend this to people who want to start off. It is definitely now a cam as I have not lost any money.
Thanks for sharing your experience Wish you good luck
As per my knowledge there are mixed reviews about all trading platforms. Some people claim it to be scam and some are genuinely an expert in trading. I have recently started with BINOMO and with a great experience i can say that it’s not a scam at all.
I have been trading on binomo from last 6 month and earn lots of money by following RSI Chart. I have withdraw my money from binomo without any problem. what i’m suggesting to people , before playing any you need to learn first and binomo provides such kind platform where you can open account with Demo Balance of RS.65000 and learn by trading and then enter int he real world. thanks
While trading on binomo, One thing i noticed that whenever you please position either UP or DOWN, they go in binomo favors but it’s not always as i have earned many times so be very careful while trading .
I have absolutely no complaints about the work of this broker. I started working with him for a long time, and in principle, all the results are completely satisfied — the broker is convenient, and profit is still pretty good.
I really liked this broker. According to the results of my work, I have only positive feedback – everything works without problems. I think this company is quite a good method of earning. recommend other to use and trade
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