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List of the 11 Best Binary Options Brokers – Review 2020
The choice of a good Broker is undeniably one of the hardest steps to successfully trade as a beginner. My Binary Options Broker list and comparison can be very helpful here because the selection of brokers on the internet is quite large and therefore the chance to find a good broker. Find your suitable broker in a few moments in this honest review.
|Broker:||Review:||Regulation:||Min. Deposit:||Yield:||Advantages:||Open Account:|
|1. IQ Option||(5 / 5)
|CySEC (EU)||10$||up to 100%+|
Huge range of assets
High Yield 92%
High Yield 87%
High Yield 95%
Trade with cents
Huge range of assets
Binary Options is a financial instrument to trade worldwide assets with the possibility of a high return on investment. It is like betting on rising or falling markets. There are only 2 options, that is why it is called “binary”. You can win a high return of 75 – 95% in a selected time horizon or you lose the amount of your investment. It is so popular because it is a way to trade the markets very fast (5 minutes or less) and easy. I have to mention here you can trade it longterm too.
For more information about the financial product and how it works read the article: “How are Binary Options are working?”
The criteria of the Binary Option Broker Review 2020
If you looking for a good broker, you should following the next steps when you check the company. Sometimes traders get scammed by a bad and criminal broker. With this review and comparison, we try to prevent it. Furthermore, Binary Options are very risky. You only should invest money, which you can afford to lose. You can check the following criteria for finding the best company.
Criteria for a good and reliable Binary Options Broker:
- The official physical address of the broker
- Regulation or license
- Free Demo Account
- Experience in the markets
- Good support and service
- High asset profit and fast execution
- User-friendly trading platform
- A platform for mobile trading
Reliability of a broker and safety for traders
It is important to look at how long the broker has been on the market. I easy checked it on the homepage from the financial companies. A good broker provides you with all the information which you want to know. Some companies got an international regulation or license. Also, this is good for reliability. In addition to that, I checked the address of the brokers in this review. As a trader, you want to see clearly an official address of the company. At latest a trader should trust a broker. If you are not sure, just invest a less amount of money first and check the platform by yourself.
Official regulation and license are very important
High payout and asset return of investment for Binary Options
One of the most important point to consider is the asset profit. The average of the payout in this review is 75-95% for each Binary Options trade. There are differences between the brokers. Every trader wants to make a high profit in trading. If one broker got less asset profit like – 5%, this can be a huge restriction to you possible profits.
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Good choice for experienced traders!
Moreover, every time the payout depends on the traded asset. Normally the broker provides the highest payout on the most traded asset. In addition, the payout can dependent on the expiration time too.
Which broker provides the highest profit?
Free and unlimited Demo Accounts are necessary for every trader
The broker should provide you with a free demo account. This is an account with virtual money. It is made to practice the financial product and to test the trading platform. You can trade Binary Options without any risk with this virtual money. It is completely free to use. Also, traders can develop new strategies or improve their trading skills. Advanced traders or beginners try to trade new assets for the best success with this account.
Open your free demo account now.
On the other hand, sometimes the broker gives its traders trading tips for analysis or strategies. The demo account is perfect for practicing that new knowledge. Trading is very complex and often it is not easy to find the right way. This is the main reason for using a demo account. Most traders gain experience first before they invest real money. With own experience, it is possible to get a high profit with trading in the right direction.
How to open your real account
The opening of a real account should be as easy as the opening of a demo account. In most cases, it is very easy and fast. The broker requires some additional documents and data of the trader to proof their personality. Upload a picture/copy of your passport. Sometimes they require a utility bill. The broker will check the documents and verify your account in less than 24 hours. Important information: The broker only withdraws full verified accounts. (Not every broker requires this documents)
What do you need:
- Data: Full name, address, birthday, phone number
- Picture/copy of your passport
- Sometimes picture/copy of a utility bill
Review of the Binary Options Brokers support and Service for traders
As a trader, you need good support and service. Most brokers are showing experience and knowledge in Binary Options. The Binary Options Brokers in this review give you the best and fastest support. According to that, they give traders sometimes a good education with webinars, videos or strategies. For beginners, it is important to learn theoretically about Binary Options. It is a risky financial product.
You can learn the basics and advanced trading knowledge in webinars with experts. The most brokers first show you the basics like functions of candlesticks and the use of technical indicators. Usually, a trading platform offers more than 30 different indicators. Sometimes it is hard to find a good working strategy with them. In addition, they give you some advanced knowledge and information to rule the markets. Most brokers offer you a better education if your deposit is higher (see account types).
Another option of service is account types. For big traders with high deposits and high trading volume, some brokers offer different account types. As a trader, you can get great advantages. They offer you higher yields, better support, bonus or a cashback program. This is a way to get more profit in trading. For example, the broker offers you a higher asset profit of 5%. That can be very helpful.
The companies in this review offer you:
- Chat support
- Telephone support
- Email support
- Education centers
- Webinars, videos, strategies
- Account types
- Account managers
Diversity of assets and test of the Binary Options trading platform
I tested the trading platforms of the Binary Options Broker Review. In conclusion, they are very good and innovative. They give you a very good reaction rate which is important for short-term trading. You can use them for your computer or as an app for your mobile phone. In addition to that, they are very flexible and customizable. Use different indicators for the best strategies. As you see in the picture below I am using Bollinger Bands and the RSI. They are very popular.
First of all the trading dashboard is the most important point of the trading platform. You should be able to switch very fast between different expiry times and create new trades. Some strategies are designed to have multiple trades open at the same time. The brokers in my review provide you the fastest execution time. Secondly social trading very popular. In some trading platforms, you can copy the best traders of the broker and make an automatic profit. They show you transparently what they are trading and you can start copying them.
Another important point is the flexibility of the platform. An app should be available for mobile trading. On most platforms, you can customize the chart very easy. Thanks to the digitization, platforms are getting better and the brokers always try to improve them. Use free indicators and technical tools for your analysis. Moreover, you can use the newsfeed to trade exactly high volatility. Market news occurs every day – Why not use them to make money?
Facts of the Broker Review:
- Fast execution for your trades
- Use indicators and more
- Apps for mobile phone
- More than 50 different assets
On the most trading platforms, you can trade Binary Options with forex, stocks, cryptos, and commodities. There is a big diversity of assets for you. The yields depend on the category of the asset. More often than not the most traded asset gives you the highest yield. You can easily see that on the platform.
Weekend Trading (OTC) and Cryptocurrencies (Bitcoin and more)
Each broker in this list provides the service to trade on the weekend. The platforms are open 24/7. Weekend trading is allowed and advocated. On the weekend you can trade Cryptocurrencies like Bitcoin, Ethereum, Ripple and Forex OTC charts. Cryptocurrencies are traded decentralized and the stock market is open 24/7 for them.
Especially attention should be paid to the OTC Forex charts. Normally the stock exchanges are closed on the weekend but the international internal bank market is working. The volatility is much less than in the normal working days Monday – Friday.
The first steps for your Binary Options success:
- Learn the Binary Options basics. Information for trading Binary is available at the broker platform or the internet. For questions, there are certain forums available.
- Develop a successful strategy. Most brokers will help you to find a way to trade successfully.
- Use the Demo account. It is an account with virtual money. So you trade without risk the markets.
You should ask yourself these questions:
- What do I want to achieve with the trading of Binary Options?
- How much I want to invest?
- Where, on which market I want to trade?
- How do I react to losses?
- What are the chances of winning?
Deposit and withdrawal by a Binary Options Broker
Nowadays the deposit is easy like the withdrawal. Most brokers only need a small amount of money to open your real account and give you access to the market. Capitalize your account in few seconds with a credit card, bank wire, cryptocurrencies or other e-wallets. Today it is very simple. The withdrawal systems are working very good too. Sometimes it is fully automatic. Most companies payout in less than 24 hours. In addition in a lot of cases, there are not any fees for you. Another important fact is brokers only withdrawal verified accounts. So get your account full verified with the right documents as mentioned before.
Bonus Programs and conditions for traders
Bonuses are very popular in the section of Binary Options Brokers. Most companies offer a deposit or a no-deposit bonus. There are a huge diversity of promotions for traders. Mostly the bonus depends on the deposit amount or you can choose it manually. For example, some brokers offer a bonus of more than 200%.
It is a good way to top up your trading account balance and earn more money. You can trade with more risk and grow faster your account, but you should not forget the bonus conditions. Every time there are requirements for the bonus. For example, you do a deposit of 5000$ to your broker and trade with sensible money management of 1% of the account balance per trade. That means you invest 50$. Now you activate a bonus of 100% and additionally you get extra 5000$ and your account balance is 10.000$ now. At the moment you can trade with sensible money management with an amount of 100$ per trade. That sounds good and you grow your account faster as without bonus.
The deposit bonus is a good way to increase your account balance and to trader with more risk.
As mentioned before there are conditions of the bonus. Simply there is the requirement of turnover of the bonus amount. Sometimes you have to do a turnover of x20 and sometimes you have to do a turnover x50. It is important to read the bonus requirements. If you got any questions, you can ask the support. In most cases, you will see the requirements transparent on the platform.
- Deposit bonus: Get additional money to your account balance.
- No deposit bonus: You will get a small amount of money for free, but you have to do a huge turnover before you can payout the profit.
Welcome Bonus for beginners
The no deposit bonus is named welcome bonus. There are different ways to get a welcome bonus. One way is to win a free demo contest (read more below) without any risk. You compete to other traders on the platform. The rules are easy to understand: Just try to get the highest account balance versus your competitors. If you win, the broker pays a high prize. It is like a welcome bonus because you do not invest real money.
On the other hand, as mentioned before the no deposit bonus is like a welcome bonus. There are a few brokers who offer this bonus. Just create your real account and activate the welcome bonus. The company gifts you any amount of money to your account balance but you can not withdraw the money. You have to do a high turnover of the welcome bonus like 30x or 40x. Recommend broker for a welcome bonus is Pocket Option.
Binary Options Tournaments
In addition, most brokers offer tournaments or demo contests for beginners and advanced traders. You must pay a fee to participate in a contest with a huge prize fund. The rules are very simple: You get a separated demo account where you have to get the biggest balance as possible. You will compete against other traders of the broker. Sometimes there is a prize fund of 100.000$ or more. Furthermore, it is not easy to win the contest because there are a lot of competitors.
The demo contest is a tournament without participation fee. That meant that the prize fund is much smaller than the paid tournaments. But it is a good way to earn money with a small amount of money (participation fee). If you are a successful trader, you can easily win these contests.
Countries for traders
Binary Options are not allowed in every country of the world. In addition, some countries forbid trades to use foreign brokers. Most brokers accept international traders, but there are restrictions for forbidden countries. You can not generalize it because the broker decides which customer he accepts.
Nowadays Binary Options become more and more popular for traders. It is a simple and efficient financial product. It is possible to generate a high payout in a short time horizon. Asian and Africa are growing very fast and people like the function of trading. The brokers in this review try to improve their service in this region of the world because the demand is very high. They improve their customer support with different languages and other services.
The fastest growing countries:
Are Binary Options legal?
Sometimes there are some restrictions to this financial product that depends on a particular country. Personally, I only know one area where Binary Options are forbidden. It is the European Union but some offshore and international brokers accept EU traders. It is like gambling on rising or falling markets and easy to understand. The EU tries to protect its citizens because there are a lot of scam brokers. To prevent a scam, use the best brokers of this review.
Find the best Binary Options Broker 2020 – Conclusion of my review
On this site, I showed you the idea of finding a reliable Binary Options Broker. In the list, you see the best companies in 2020. For successful trading a good broker is necessary. The company should allow you your own strategy of trading and give you good support and service. On most platforms, you can learn via education videos how Binary Options are working.
Also important is the execution of your trades. It should be very fast and with no delay. Usually, every broker does that. Nowadays as a trader, you can start with a small amount of money to trade Binary Options (10$ or less). It is possible to turn it in a high amount with the right strategy. In conclusion on this site, you can find the best and proofed Binay Options Brokers 2020.
Read more about them in my reviews:
I recommend this article if you can not choose between the most known brokers: “IQ Option vs. Olymp Trade vs. Binomo”
Best binary options Brokers for beginners: Binary trading Requires a good and regulated binary option broker and as well a good trading strategies.
However the more your trading career grow, the more you will need a good trading robot. Above all, bnary options trading is at this moment very popular.
The majority of brokers operating at this moment on the financial market accept clients registration based on regulatory compliance. However, many traders are still not sure if financial betting actually pays or not.
Unfortunately it’s not very easy to find the best binary options brokers easily. This is because after it’s introduced publicly as a tradable asset. Which was on the Chicago Board of Exchange (CBOE), in 2008. There’s uncountable binary options brokers out there. However, the number of brokers available has affected traders choice. As they are confused on which is the best binary options brokers.
Above all, we have carefully done the research for you. And we have listed the best binary options brokers for beginners. They are regulated by security and exchange commission (SEC).
What to consider before trading
Supported trading platform
Above all, It’s very much important to know some basics of the trade. Therefore let us consider this guide from Nadex important. Nadex, a U.S.-based regulated exchange for binary options, identified the top four traded forex pairs you must know before starting trading:
USD and CHF (Swiss franc)
Best binary Option brokers for beginners.
1: IQ option: overall for beginners.
IQ option was founded in 2020 and operated via IQ option Ltd and primarily based in Cyprus. IQ alternative is one of the fastest growing online trading platform. With actual time marketplace whatch. Iq option have increased their brand to encompass CFDs on stocks and ETFs, foreign exchange trading, and the exceptional IQOption product known as digital options.
2: BDswiss: To platform,
BD Swiss founded in 2020, as one of Europe’s leading financial institutions. They specializes in FOREX and CFDs, and BINARY OPTION.
Above all, BD Swiss has it’s holding in Zug, Switzerland. However, the broker is also good for beginners. More-so, prides itself in providing best trading conditions and arm plartform.
As a matter of fact, it has over one million registered accounts with a trading volume of over €10 billion per month. BD Swiss is regulated by CySEC. Therefore the security of your fund is assured.
BDswiss trading platforms are web-based and MT4.
The minimum deposit is just $10 and the minimum trade amount is $5.
3: Binary.com: Top 10 binary options brokers for MT5 and best online stock brokers
Binary.com is a UK based binary option broker that was founded in 1999. The broker is regulated in British Isles, Malta, UK and Ireland. They have over 300 staffs and contractors with its offices in Malaysia, Malta, Paraguay and the UAE.
4: eToro : best brokers with copy trading
eToro is one the best UK binary options brokers with the best social online trading plartform founded in 2006. However, managed by two brothers Ronen and Yoni Assia and partner David Ring. More-so they are based is Tel Aviv in Israel.
Above all, the Minimum deposit: Although this depends on your contary; It ranges from $200- $1000.
Fees: etoro has low straight forward trading fees.
But their non- trading fee is high. For instance, etoro charges $25 for each withdrawal. Minimum Withdrawal Amount $50 25$
Best binary options brokers with low minimum deposit of $1, 5 -10
Minimum Deposit: $5
Maximum Deposit: $100000
Minimum Trade Size: 0.01 lots
Trading Platform: MetaTrader 5, SmartTrader, WebTrader
2: IQ Option
Minimum deposit: $10
For VIP account, the minimum deposit is $3,000
Minimum deposit: $10. Minimum withdrawal amount is $50 (or equivalents in other currencies, see 24option website) and it is a bit high in our opinion.
Fees for 24option withdrawal after the first one are
credit cards: 3.5%
Bank Wire: $30, €25, 20GBP or 3000Yen
Minimum deposit: $10 and the minimum trade amount is $5. You can open your account in USD, GBP, or EUR.
Minimum first-time deposit varies from $200 to $10,000. To view your required minimum click here
Minimum deposit: $250 for the bronze trading account. For the Silver trading account, the minimum deposit requirement is $1000.
Share your thoughts in our top10, binary options brokers forum And see other peoples response.
What should I do as a trader to win
Finally we believe that we have carefully done your homework on best online stock brokers to choose. Therefore we will equally give you tips on how to trade profitably.
However as a trader there are some things to do and some to avoid.
First of all before you start trading consider this steps important.
However, To be a successful binary options trader; you need to use more than one broker. Above all, choose one or more from the above mentioned.
Consider your trading styles on any of our recommended brokers. And know if the broker will suit you.
Register with your chosen trading platform and verify your account. Check our best binary options brokers for beginners. However, you will have to deposit money to start trading.
Select the asset to trade. Trading platforms have assets such as currencies, indices, commodities, and stocks. You can choose to trade in currencies, the popular one being EUR/USD.
More-so, decide on the amount to invest. However then investing in an asset, you will see the payout or the returns for the asset, which can go up to 91%. Make your prediction on the movement of the price of the asset. If you predict the price of the asset to rise, select Call (up). If your prediction is that the price will fall, select Put (Down).
When the trading closes after the given time, for example after 60 seconds, if it is a 60 seconds investment and you have made the correct prediction, then you win. An investment of $ 100 with a 90% payout means that you will have made 90 dollars in a few minutes.
finally, you should Note that binary options and online stock trading involve high-risk. Please consider if you can afford to take such risk before trading. Binaryoptionslord.com doesn’t determine your income nor your lose. However, we give information based on our knowledge.
Finally if you wish to know More about best online stock brokers, please don’t hesitate to contact us.
The best reliable binary options brokers to trade online in 2020
At US Binary Options our financial analysts have selected the top trusted US regulated binary platforms in 2020 and the best stock options brokers.
From 2020, we compare and provide professional reviews on all binary trading platforms in order to help you choose the broker that suits you best.
Check out our top Binary options brokers comparison table to find a trusted platform, and also our platform blacklist with scam brokers to avoid.
Read our guide about binary options trading for beginners as well as few basic binary strategies that you should take into consideration.
What are Binary Options?
These are a new kind of investment. What you will do is speculate on which way you think the asset will go in, or the direction it will go in. What you used to do was you have to purchase the asset now that no longer has to happen. When the platform is used to purchase a binary option the contract that is made enables the buyer to buy an asset which is underlying and at a price that is fixed and with a time frame that is fixed and specified with the seller.
Are there other Names for Binaries?
All or nothing options are also another name for binaries and are digital options + Fixed Return Options or FRO’s. Each of their names stresses the nature of the binary option. When it comes to outcomes there is always two possible results and this is something that the investor will be aware of before they purchase the option. The following is an example:
- Binary option for Microsoft is purchased at $100
- At the end of the day their shares will be much higher than they were when purchased
- So 71% is the return offered on this investment
This is a particular category of option where a person would be able to get either all or nothing when there comes to talk about the payout. This thing makes binary options easier a lot to know as well as makes the trading process with them trouble free than the previous traditional options.
These options are like this;
- They can only be traded until they expire
- Once these are expired, they would surely be settled for the customer in already specified amount (in dollars)
- If the trade expires and it is out of the money then this means that the buyer gets nothing
So now you can see why binary options can either enable you to gain which is the upside or you end up with a loss which is the downside, there is always a risk when it comes to binary option trading. If you were trading in the traditional way then things would be different.
All or Nothing
When it comes down to the platform you are using for trading.
- Nothing can mean something
- Even it happens; at the time of expiration, the proprietor of the particular option could be given a payout yet when there is no money in their hands.
Binary options can also be found under other names including:
- Exchange Market
- Digital Options
Other things to Learn
Before you decide to start trading there are a few things that you should research first including:
- Learn the outcome options
- Decide your position
- Learn how the price is determined
- Learn the advantages of binary and traditional options
- Learn where binary options are traded
- Check the implicit transaction costs of binary options
Are Binary Brokers legal in the US?
Regarding regulation for the offshore binary options brokers, we can affirm that some binary options brokers are already regulated in the European Union ( CySEC ), but not yet in United States.
Since 2006 US binary options have been in America but they have only just started to become popular since the middle of 2008. This has happened; traders and brokers have started popping up from many different states all over the US, what has happened is that people are now wanting to start a career in binary options trading and the one thing that is on every ones lip is:
Now when it comes to binary options are divided into two levels and these are:
- US regulated exchange platforms by CFTC, where americans can trade binary options legally: NADEX and CANTOR EXCHANGE.
- Offshore brokers not regulated.
The OCC or the Options Clearing Corporation in 2007 ruled that binary platforms would become legal then in 2008 the SEC or the Securities and Exchange Commission approved binary options and listed them as cash or nothing security. Then the American Stock Exchange or Amex and the Chicago Board Operations or the CBOE also listed binary options with exactly the same name. Then NADEX or the North American Derivatives Exchange added to its trading platforms binary options. But one thing has been done and that is a restriction has been imposed:
- Americans are free to trade with binary options as long as the broker they are using is legitimate
- The broker has to have a legal business in the county it is in and has to have followed and processed the procedures for it to operate
- Also, they must not have been banned by the federal government for transacting with US citizens in this business
Regulation In The United States
Now just because something is legal it does not mean that it is regulated.
- Legal means that it is protected
- Regulated means that it is not protected
Well US binary options brokers are regulated and over the years binary regulations are becoming more and more stringent. It is the OCC that has made a point of making these regulations harder and also making sure that binary option sold by brokers have the right securities. Rules regarding trading have now been put in place and traders and brokers are expected to abide by them, if they don’t and they violate the rules then either or both trader or broker can end up being banned for long periods of time.
These have also been set for things such as indices and how many can be listed, this gives better control to the trading that is going on in the market. Scams have also started to rear their ugly heads when it comes to USA binary option trading too. Some of these scams have been very malicious and ended up causing some traders to lose thousands of dollars. But because of the SEC and the US Department of Justice have taken legal action very quickly against the crooks by doing things such as:
- Freezing their bank accounts
- Putting them behind bars
the traders that were scammed were able to get some of their deposits even though it is not the entire amount back, the federal government has been able to enforce justice when it is needed and making broker who was involved in the scams accountable for what they did wrong. This is now why there has been a hard-core regulation within the United States and they will keep on doing so until the binary options market is strong and reliable in America.
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
Good choice for experienced traders!