Online binary options traders will agree that choosing the right broker is one of the important things you can do to increase chances of succeeding as a trader.
There are hundreds of brokers to choose among. However, finding the best options broker will require you take into account various factors.
These include considering things like whether they’re fully regulated, payment methods accepted, financial instruments on offer and minimum trading amounts among others.
But sifting through dozens of brokers to find the right one for you could require several days of online research. To allow you to cut down on this time, we’ve created this detailed review.
10 of the best binary options brokers operating online today.
Each broker was selected based on several criteria. These include:
You can also click on a specific broker to read a more comprehensive review of the broker.
So here it goes.
This is one of the new entrants in the binary options market. Launched in 2014, Olymp Trade has its headquarters in Russia.
This options broker is regulated by the Financial Markets Relations Resolution Center (FMRRC). They’re also a member of the International Financial Commission (FinaCom).
Getting started with Olymp Trade is easy because the broker offers a demo trading account with RUB 10,000 virtual cash. The broker accepts payments made via wire transfer, credit card and eWallets like Skrill.
If you decide to join this broker, you will need to choose between a Standard Account and a VIP account. For the Standard Account, you’ll only need to make a minimum deposit of $10.
For a VIP Account, you’ll need at least $2000. The minimum you can invest in a single trade is $1 and you can earn an effective return of up to 90%.
Each trade can run for as long as 1 hour and losing trades can be exited at any time to minimize losses. Their list of tradable assets is currently under 20.
Withdrawals are processed fast and will usually reflect on your account within 5 days. Currently, Olymp Trade is most popular in the following countries: the Russian Federation, Thailand, Brazil, Indonesia and Turkey.
We consider this as one of the top binary options brokers for a number of reasons. One is that they are fully regulated by CySEC and offer their services to traders from many countries across the globe.
IQ Option was founded in 2013 and is headquartered in Cyprus.
This broker’s platform is well designed and can be accessed via browser or app.
Their platform also includes dozens of different charts, indicators and other trader friendly features.
One of their strong points is the high effective returns earned per trade. You can actually earn up to 95% on successful trades. Another cool thing about this broker is the over 10 million different assets you can choose from.
If you wish to try out their platform, you can open a binary options demo account before trying out a real account. The demo account comes credited with $10000 virtual cash.
Opening a real account will require as little as $10. You can make your deposit via wire transfer, credit/debit card, Skrill and other eWallets.
Withdrawals can be made via these payment methods. Each withdrawals request is processed within 24 hours.
IQ option accepts almost every nationality but some of the countries where IQ Option is the most popular are the Russian Federation, Italy, India, Brazil and Thailand.
Several things make Ayrex among the best binary trading sites. Launched in 2014, this is one of the few brokers that are currently unregulated (although they claim to be working to get CySEC regulation).
You can enter into a trade position using as little as $1. Trades can last as long as 24 hours.
One of the reasons we chose to include Ayrex in this binary options broker review is their unique and custom trading platform.
The underlying software is extremely fast. This is quite important since the broker offers trade expiry times of as little as 30 seconds.
They also offer a neat demo account with $1000 virtual cash. One thing that stands out about this demo account is that you can actually increase the amount in your demo account in $1000 increments.
Opening a real cash account is also quite simple. The broker accepts several payment methods including wire transfer, credit card, Skrill and Neteller.
The minimum amount you need to open a real cash account is $5. Successful trades will earn as much as 83% effective return. Your withdrawals will be processed within 24 hours.
Ayrex currently offers over 50 financial instruments. Their client base is pooled from countries like South Africa, India, Indonesia, the UK and Malaysia.
High Low is an Australian broker that was founded in 2014. Boasting over 800000 trading accounts, they’re one of the fastest growing online brokers today. They’re
currently fully regulated by the Australian Securities and Investments Commission (ASIC).
The High Low trading platform is built upon the Markets Pulse Online software. The broker currently offers over 80 different financial instruments.
All of these are accessible via both the demo account and the real cash account. High Low demo accounts come credited with $10000 virtual money while opening a real cash account will only require $10 and above.
This broker also offers bonuses which can be as high as 200%. The effective return on successful trades can also be as high as 200%. This is quite high when compared to other best binary options traders we’ve included in this review.
Like with most brokers on this review, High Low accepts several payment methods including wire transfer and credit cards. You can withdraw as little as $50 and the withdrawal request is processed within 3 business days.
High Low charges a small fee for each withdrawal made. Besides Australia, High Low offers their services to traders in countries like Japan, Thailand and Brazil.
This broker was launched in 2012 and has its headquarters in Cyprus. Currently, BDSwiss is regulated by CySEC, FSC and is a member of the US National Features Association.
The BDSwiss binary options platform recently got a makeover. It’s now easier to navigate and use.
In addition, the platform is also accessible via browser and mobile apps further enhancing accessibility.
There’s a demo account that new traders will find useful when practicing trading. To open a real account, you’ll only need to make a deposit of EUR or USD 100.
Each trading account gives you access to over 230 different financial instruments. These are mainly drawn from FX and CFDs.
BDSwiss accepts several payment methods that include wire transfer, Skrill, Neteller and credit card. Each successful trade can attract an effective return of up to 85%.
In order to maximize your profits, BDSwiss will offer leverage of up to X600 which is quite high compared to other binary trading sites.
Withdrawals are processed fast but it might take up to 7 days for your funds to reflect in your account. BDSwiss might also charge a $25 withdrawal fee if you request for funds under $500.
Currently, BDSwiss mainly targets European clients from countries like Germany, Italy, Switzerland, the United Kingdom and Austria.
Founded in 2009 and has their headquarters in Belize. This binary options broker is regulated by the International Financial Services Commission (IFSC).
One thing that makes 24Option one of the top binary options brokers is their beginner trader friendly platform. It’s intuitively built and easily accessible via browser and mobile apps.
The platform also offers a variety of learning features like live webinars and video tutorials which come in handy for new traders.
The 24Option platform will give you access to hundreds of different financial instruments drawn from CFD/FX, commodities, indices, stocks and cryptocurrencies.
These can be traded through the demo account (credited with $1000) or a real trading account.
To open a real account, you’ll need to make a minimum deposit of $100 when using a credit card or any of the dozens of accepted electronic payments.
If you opt for wire transfer, you’ll need to deposit at least $1000 to get started.
Trade entry will require an investment of at least $24 and a maximum of $15000. Normally, successful trades will attract an effective return of between 70% and 85%.
If you’re looking for a binary options platform that accepts many payment methods, you’ll be glad to discover the 23 different payment methods 24Option accepts.
There’s however a downside. This broker will charge a withdrawal fee.
You can easily open and start trading with 24Option if you’re from the following countries:
United Kingdom, the Russian Federation, Italy, Germany and Spain.
This is one of the new entrants in the regulated binary options brokers industry. ExpertOption was founded in 2015 and is regulated by the Financial Markets Regulations Center (FMRRC) and the Vanuatu Financial Services Commission (VFSC).
ExpertOption offers a modern, well-designed platform that’s powered by the broker’s own custom software.
The platform is quite fast and accessible via a web browser or mobile app. Being a new broker, their assets list is quite limited (currently just
However, the list includes cryptocurrencies which many traders are finding attractive.
You can start trading on the ExpertOption platform using their demo account which comes credited with $10000 virtual cash.
To open a real trading account, you’ll need to deposit anywhere between $50 and $5000.
There are 5 different account types each offering several trader friendly features. Every new account can attract a bonus of up to 125% which is quite high.
The ExpertOption platform accepts over 20 different payment methods including wire transfer, credit cards, Skrill and WebMoney.
Depending on your account type, you can enter a position with as little as $1 and as high as $5000. Each successful trade will attract an effective return of up to 96%.
One feature we particularly like about this broker is how fast withdrawals are processed. Depending on your account type, you can have withdrawals processed within as little as 48 hours.
You can also withdraw as little as $10.
Currently, ExpertOption is popular by traders from India, the United States, South Africa, Indonesia and Thailand.
Finmax is another binary options trading platform that was launched in 2015. The company has its headquarters in London and they’re regulated by the International Financial Markets Relations Regulation Center (IFMRRC).
New traders can start trading with Finmax via their demo account. However, the demo account doesn’t give you access to CFDs and FX.
One feature that makes Finmax one of the best binary options companies is the different account types on offer. New traders can choose among 4 different account types.
Opening one of these accounts will require a minimum deposit of between $250 and $5000. New accounts can attract bonuses of up to 100%.
Trading with Finmax will give you access to over 75 different financial instruments that include cryptocurrencies.
To enter a trade, you’ll need to invest as little as $5. Real accounts are funded via 8 payment methods that include bank transfer and ePayments.
Depending on your account type, you can have your withdrawals processed within as little as 24 hours.
Some of the countries where Finmax is most used are the Russian Federation, Ukraine, Austria, Germany and Italy.
One of the top binary brokers, MarketsWorld was launched in 2011 and is headquartered in the Isle of Man. The company is regulated by the Gambling Supervision Commission.
One thing that stands out about this broker is their demo accounts. Each demo account comes credited with $5000 virtual cash and there’s no limit to the number of demo accounts you can open.
We found their platform a bit cluttered and difficult to navigate especially for new traders.
Opening a real MarketsWorld account will require a minimum deposit of $10. Every new account will attract a bonus of up to 100% of the deposited amount.
Each trade position requires a minimum of $1 investment. However, you can invest as much as $1000 on a single trade. Although the broker offers traditional assets like currency pairs and indices, their financial instruments list is a bit limited (currently 18).
The minimum 5 minutes you can hold position is also quite high compared to other top binary options brokers. However, the 90% effective return is incentive enough to try out this broker.
MarketsWorld accepts several payment methods that include bank transfers, credit card and Neteller. Currently, the broker accepts clients from the United States, Canada, the United Kingdom, Mexico and South Africa.
Option Robot is a binary options trading automation software. It’s one of the few trade automation software that syncs with several online broker platforms like BDSwiss, StockPair and ZeusOption.
This software comes with a user-friendly interface that’s easy to navigate. One thing that stands out about Option Robot is that user control isn’t relinquished.
It’s therefore easy to configure the software to match your trading style and preferences right from your account. Option Robot also comes with a free demo account credited with $1000.
This allows you to try it out on your favorite binary options site before investing your money on the bot.
One thing to note is that OptionRobot will only facilitate trading in major currency pairs.
It also allows you to enter into up to 8 simultaneous trades.
You can enter a position with as little as $5 and as much as $1250. Other exciting features included with this software are 6 different technical indicators and compatibility with 3 different trading methods.
Traders from the United States, Canada, Brazil, the United Kingdom and South Africa will find this software quite useful in trade automation.
Finding the best binary options platform requires you research a number of brokers and compare among them. There are many different factors to consider.
This could mean spending days doing the research. That’s time you’d better spend trading and profiting. That’s why we created this binary options broker reviews article.
In it, we’ve looked at the top brokers operating online today. Hopefully, you’ll find one that best meets your needs.
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