Binary Options Brokers Reviews & Details

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Contents

Binary Options Brokers and Platforms – Reviews and Comparison

We have compared the best regulated binary options brokers and platforms in April 2020 and created this top list. Every broker and platform has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The sortable broker comparison list below shows which binary trading sites came out on top based on different criteria.

You can sort the list using payout (maximum returns), minimum deposit, bonus offers or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. Below the comparison list is some advice on how to pick the best trading platform for you, as this will often come down to your personal requirements and needs.

Top Brokers

Binary Options Brokers
Broker Regulated Min Deposit Payouts Bonus
Nadex Exchange $250 100% » Visit
RaceOption $250 90% 100% Deposit match bonus » Visit
BinaryCent $100 85% 100% Bonus on ANY 1st Deposit » Visit

How to Compare Brokers and Platforms

In order to trade binary options, you need to engage the services of a binary options broker. Here at binaryoptions.net we have provided a list with all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:

  1. What is the Minimum Deposit? (These range from $5 or $10 up to $250)
  2. Are they regulated or licensed, and with which regulator?
  3. Can I open a Demo Account?
  4. Is there a signals service, and is it free?
  5. Can I trade on my mobile phone and is there a mobile app?
  6. Is there a Bonus available for new trader accounts? What are the Terms and
    conditions ?
  7. Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
  8. Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices and stocks – and how many of each?
  9. Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of day, long term etc?)
  10. How much is the minimum trade size or amount?
  11. What types of options are available? (Touch, Ladder, Boundary, Pairs etc)
  12. Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
  13. Do they operate a Robot or offer automated trading software?
  14. What is the Customer Support like? Do they offer telephone, email and live chat support – and in which countries? Do they list direct contact details?
  15. Who has the best payouts or maximum returns? Check the markets you will trade.

We cover as many of these comparison factors as possible in our list above, but we go into much more depth within each review.

Regulated Binary Brokers

Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option.

Regulated Binary Options Brokers April 2020

Broker Regulator Instruments
Binary.com Malta GA BO, CFD
IQ Option CySEC BO, CFD, Crypto, Forex
BDSwiss CySec BO, CFD, Crypto, Forex
24Option CySEC BO, CFD, Crypto, Forex
Nadex Exchange CFTC BO, Forex
HighLow ASIC BO

Regulators

Leading regulatory bodies include:

  • CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)
  • FCA – Financial Conduct Authority (UK)
  • CFTC – Commodity Futures Trading Commission (US)
  • FSB – Financial Services Board (South Africa)
  • ASIC – Australia Securities and Investment Commission

There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organisation. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort.

Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner.

Bonuses

Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment or risk free trade . Whatever the form of bonus, there are terms and conditions that need to be read.

It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt out’ of taking a bonus.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over trade’. If the bonus does not suit you, turn it down.

Demo Accounts

Binary options demo accounts are the best way to try both binary options trading, and specific brokers’ software and platforms – without needing to risk any money.

You can get demo accounts at more than one broker, try them out and only deposit real money at the one you find best. It can also be useful to have accounts at more than one broker. For example, payouts for two different assets might be best at different brokers. You can shop around, and use whichever account has the best payout for that asset.

Demo accounts offer the best way to try out a brand, risk free. Likewise if we recommend a brand, you can try it first, before risking anything.

Low Minimum Deposits

If you are looking to get involved with binary options for the first time, low minimum deposit requirements may be of interest. For traders just looking to try binary options, a low minimum deposit broker might be best. A small initial deposit keeps risks low. Minimum deposits start at just $5 and there are a growing number of brokers offering low minimum deposits – “low” would be any minimum under $50.

Likewise, all brokers will have a minimum trade requirement or trade amount too. These can vary greatly between platforms. Minimum trade figures range from $1 to $25 – which is a large difference if a trader plans to trade frequently. For some traders, this might be less of a factor in terms of finding the best broker for them, but for others it will be very important. Practice accounts are a zero risk way of learning to trade.

Payouts

One element many traders use to find the best binary options trading account, is the payout percentage on offer. This is not always a simple comparison however. Payouts will change based on the underlying asset being traded, and the expiry time of the option. In addition, payouts will change as the broker manages their own risk. So if one broker was originally the best price, things may then revert and mean that another now has the top payout.

So the most an investor can do, is to check the payouts for assets, and expiry times they are most likely to make, and judge which brand offers the best terms most often. Demo accounts are good when researching payouts on specific assets and trades.

Exchange traded and over the counter brokers will have different payouts – and they will not be easy to compare. In general, exchange traded options offer superior value. Nadex are one example of an exchange.

So as you can see, finding the best trading account and broker is not always easy – but it is worth noting that you are free to move between brokers whenever you like. So even if an account turns out to be poor, it is easy to up sticks and find a new trading firm. Likewise, a trader could have multiple accounts, and open trades at the broker with the best terms for that particular trade.

US Regulated Brokers

In the US, the Commodity Futures Trading Commission (CFTC) have only licensed two operators – Nadex and CBOE – to provide binary options trading to clients in the USA.

Brokers based in Europe will not generally accept US residents as clients, as doing so can result in large fines. Some off-shore providers will accept US citizens as their regulatory status permits them, but the CFTC may ultimately step in if they deem it necessary.

CFTC regulated brokers:

Nadex Exchange $250 100% » Visit

Which is the Best Binary Trading Platform?

Naming the best trading platform is not easy, simply because trading platforms and proprietary (bespoke) software are normally a question of personal taste. One user might like a simple layout, while others might need a lot of data on screen all the time.

However, platforms do have different levels of quality, both in terms of ease of use, and features. Broadly speaking, brands which offer Contracts for Difference (CFDs) in addition to binary options, deliver a more feature-rich trading platform or advanced software.

So the likes of Nadex and IQ, will deliver a very professional trading platform. MetaTrader integration is also normally provided at the more professional brokers (Some use both mt4 and mt5 functionality) . This difference in quality is evidence of the maturity of binary options as a product, but binary brands will catch up very quickly.

Intro To The IQ Option Platform

How do Brokers Make Money?

Binary options brokers make money via one of two business models:

  1. As a counter-party, ensuring an ‘over round’ via payout percentages. Known as ‘Over the counter’ (OTC)
  2. Via a spread or commission on an exchange traded model

People who have experience of other forms of trading, and are now approaching over-the-counter (OTC) brokers for the first time may find themselves asking the question: “Where is the commission?”.

With OTC binaries however, there is no commission. In theory, the term ‘brokers’, is not correct. Binary firms are not arranging a deal or acting as a middleman, or as a market maker; What they are, is the counter-party to each of their customers’ positions. So there is no fee or commission for the trade. Instead, each customer is essentially betting against the house. Where brokers have both sides of a trade covered, they have a handsome margin. Where they do not, the payout still gives them a level of protection. In certain circumstances, the broker will also hedge it’s own position to mitigate risk.

Those companies (Nadex, for instance) that trade binary options via an exchange operate much more like a ‘broker’. Unlike the OTC market where the platform is the counter party, with exchange traded options, the broker is the middleman – matching buyers with sellers and charging a commission. This charge is normally hidden within the spread, rather than an explicit cost. There is far less risk involved for the broker, and therefore generally better returns per trade for the trader. Brokers can be actively compared using the spread – the tighter the spread (difference between buy and sell prices) the cheaper it is to trade.

Brokers using the spread model often also offer leverage, or trading on ‘margin’ via their software. This increases the trade size for the trader – and profit for the platform.

Should You Use Multiple Brokers?

There are some very good arguments for having more than one binary trading account:

  • Brokers suit certain trades. Different brokers will suit different trading styles, or trade types. So one broker might be excellent for shorter term trade types, and have great payouts on forex pairs. But that same brand may be slightly less good when it comes to offering boundary trades or indices payouts. If a rival had a full set of long term expiries with great payouts, and lots of choice of boundary trades – it makes sense to have accounts with both platforms, and place trades with the broker that offered the best deal for each trade.
  • Demo accounts. Multiple demo accounts makes perfect sense – you want to try as many brokers and trading platforms as possible before deciding where to trade.
  • Reduce risk. Accounts at more than one broker protects you from any issues with a particular firm. From issues as serious as insolvency, to smaller things, like website downtime, software issues or a market being closed – multiple accounts reduces your risk of being affected by any hardship a broker might face.
  • Multiple offers. Each sign up can mean a new bonus, so it might be worthwhile taking up more than one account to receive all the offers. As ever, read the terms – and also note that on occasion, larger deposits might mean larger bonuses – so splitting them may not be the best choice.
  • Spread winnings. Some brokers may look for winning traders on their books, with a view to restricting their trading, perhaps limiting trade size – or worse. While this threat is thankfully small, multiple accounts means spreading the winnings out. Most brokers will search for “winners” based on total profit rather than strike rate, so hiding the volume across broker accounts can help you stay below their radar.

Exchange versus OTC (Over the Counter) Brokers

Exchange Brokers

A broker that offers an exchange is much closer to a traditional ‘broker’ than OTC brokers. An exchange performs the job of ‘middleman’. They will match a seller of an asset, with a buyer of the same asset, and charge a commission for putting the deal together. The market itself will decide the prices – if there are more sellers than buyers, the price will drift down until demand rises. If there are more buyers than those willing to sell, the option price will rise.

A broker operating an exchange does not mind who wins and who loses. They take no risk on the trade themselves (unless the traders are trading on credit). The broker will make their commission on the trade regardless of the outcome.

Due to this reduced risk for the broker, the returns for a winning trader are generally larger. Commissions are usually small relative to the size of the trade, meaning they do not impact the payout too much. Other benefits include the fact that stop losses can be applied, and also that trades can be closed at any time (to take a profit or reduce losses).

The complications with exchanges, comes from the structure. An exchange traded binary option will “trade” somewhere between 0 and 100. Where 0 is the figure used where an event did not occur, and 100 where it did. If the current price is currently 30, a ‘buyer’ would risk 30 times his trade size, to potentially win 70. A ‘seller’ therefore, would risk 70 to win 30. While not a complicated equation, it is slightly more complex than the straight forward over the counter option.

OTC (Over The Counter) Brokers

The most common type is the Over the counter (OTC) broker, but this type of firm is not really a ‘broker’ at all strictly speaking. They are the counter-party to one side of the trade. So where a trader opens a position, the broker will win or lose money, based on whether the trade wins or loses. Only where the broker has another trader who has made the exact opposite trade, will they have assured profits.

Due to this increased risk, the brokers will offer a lower payout which mitigates some of the risk they are taking. It is therefore likely to be lower than an exchange traded broker. Some firms will also have built in ‘hedging’ mechanisms to reduce risk further. In some cases, one side of trade might be made unavailable if liabilities get too large.

The simplicity of binary options is retained with OTC brokers. They have also made great strides in competing with exchanges by offering ‘cash out’ values for options, allowing traders to close positions early, and set up stop losses. Once those features become common the gap between OTC and exchanges will get smaller. For now, traders are better off trading on an exchange – but might be advised to learn the differences via demo account.

Have you had a problem with your broker? Submit a complaint

Payment Methods

Deposit and withdrawal options do vary at each brokerage. Each of our reviews will explain which each firm offer, but below is a list of the most common options.

If you are looking for brokers that support a specific payment method:

  • Neteller
  • Paypal
  • Skrill
  • Webmoney
  • Paysafecard
  • Ukash
  • Visa
  • Amex
  • Bitcoin
  • Wire Transfer
  • Credit cards / Debit cards

Read More

All of the factors covered above will ultimately affect the way a trader plays the market, and therefore, their profitability. The ideal situation is to get a binary broker that offers:

  • Several financial assets spread across several markets
  • Offers a reasonable bonus with a good payout approaching 90%
  • Offers flexible expiration dates without boxing traders into very long expirations.

Trading using a broker’s platform will only be enjoyable, and profitable, if you are using a reputable operator. You also need to choose one that suits your trading style best – only you will know what that is. Read the above binary broker reviews carefully before making that crucial trading decision, but remember you are not tied in to any single broker, and can pick and choose.

IQ Option: Top Binary Options Broker

Ever since the US Securities and Exchange Commission approved binary options in 2008, numerous traders have been interested in expanding their investments and exploring binary options trading. And s ince there’s an expanding list of available brokers today, it’s challenging to narrow down your choices to find the one that suits your preferences. With that, we’ve gathered the popular brokers to help you jumpstart your search.

To help you, we provide the lowdown on the top 15 popular binary options brokers of 2020 that you can consider for trading. Hopefully, the list will let you find the best broker for your investment needs and expectations, and start successfully trading on your own.

Binary options trading may have gotten a bad rap because of its all-or-nothing premise, but the high payouts keep traders coming back for more. This is why binary options markets remain strong in various regions around the world, particularly in Asia.

To avoid fraud in binary options trading, choose a trustworthy broker. These brokers can help minimize your losses and provide a measure of security for your funds. Some traders turn to smart contract-based binary options transactions to fortify their deals using blockchain technology.

Each broker also offers different options in terms of minimum deposit, maximum returns, and supported assets. Some brokers even allow traders to use cryptocurrency to fund their accounts or get payouts. The benefits of blockchain and the advantages that global fintech trends exert significant influence on the binary options trade.

To match you with the best binary options broker for your needs, we’ll take you on a tour of the top binary options brokers today. Our analysis of each broker lays out the most important features, including deposits, returns, bonuses, and supported platforms. This way, you can make an informed decision and get the best protection for your funds.

Top 15 Binary Options Brokers

1. IQ Option

IQ Option was established in 2020 and had since then received favorable reviews on the internet. It uses in-house software for trading. The maximum returns are 95%. However, traders in the USA, Australia, Canada, Russia, Belgium, Japan, Turkey, Israel, Iran, Sudan, and Syria are not accepted. IQOption Europe Ltd. is well-known for reliable broker services, as it is regulated by the CySEC.

It provides a wide array of web-based and mobile features that help make binary trading transparent, reliable, and more efficient. For instance, it offers a speed trading service with up to 5-minute increments and hourly binary options in 15-minute increments. It also offers trading expiration periods of up to a month. Moreover, its Digital Options service allows users to trade gold in over 500 assets.

IQ Option

Try out IQ Option with their free trial

This popular binary options tool offers a free demo account to help you get started. The minimum deposit is just $10 for the Real Account. And for the premium VIP account, the minimum deposit is $3,000. Customer support is currently offered via email, phone, and live chat. Finally, this broker offers multiple convenient deposit and withdrawal methods to help you trade easily.

IQ Option Key Features

  • Minimum deposit: $10
  • Minimum trade size: $1
  • Maximum returns: 95%
  • Supported trading platform: proprietary web, Android, iPhone

Detailed IQ Option Review

2. 365Trading

365Trading is registered with the CySEC and based in Cyprus. It was founded in 2020 and has since traded in the EU without issues. It primarily trades in binary options. As of this writing, US traders are not accepted.

The minimum deposit is at $100, with profits and bonuses reaching 85% and 100%, respectively. You can open a demo without deposit and try their long- and short-term expiries.

The platform, an in-house system, is robust and ideal for veteran traders. It features charts, lines, and candlesticks and provides historical analysis, functioning as a business analytics tool. The platform allows you to set up three assets with quick access shortcuts. Likewise, you can trade four assets simultaneously featuring a main window and three sub-windows.

Support is available via email and phone.

Detailed 365Trading Review

365Trading Key Features

  • Minimum deposit: $100
  • Maximum returns: 85%
  • Bonuses: up to 100%
  • Supported trading platform: proprietary, web, Android and iPhone

3. Ayrex

Ayrex is based in the UK and has a pending application with CySEC. It trades in 70 assets and is focused on binary options. As of today, US traders are not accepted.

The minimum deposit is $25, one of the lowest, while the bonus is up to 10%, 20% and 30%, based on the amount of your deposit for Ayrex account holders.

The broker uses a proprietary trading platform featuring instant withdrawals, which is unique in the niche. The interface is neat and lets you quickly jump to different trades. It’s ideal for short-term trading. High/Low options are also available.

Support includes 24/7 live chat and via email. Likewise, the system is accessible from Android and iPhone apps.

Detailed Ayrex Review

Ayrex Key Features

  • Minimum deposit: $25
  • Minimum trade size – $5
  • Maximum returns: up to 85-90%
  • Bonuses: $30 no-deposit new account, up to 30% on the trade
  • Supported trading platform: proprietary, web, Android and iPhone

4. OptionFair

OptionFair was founded in 2020 and is based in Cyprus. It is regulated by the CySEC and is also listed on the London Stock Exchange, a first among binary options brokers. US traders are not accepted. The broker trades in forex, CFDs, and binary options on 118 underlying assets.

The minimum deposit is $100, with returns up to 100%. However, there are no indicated bonuses, but you can always contact support for possible terms. The expiry time is shorter than average but makes for quick returns over short-term trading.

The broker uses its own platform that allows you to shift trading from forex to binary and to CFDs, from a single interface. It gives you access to myriad assets and instruments and a wide range of expiries. You can, in fact, trade simultaneously on forex and binaries. Mobile apps for Android and iPhone are available.

There is phone support in five international numbers, including English, Spanish, Italian, and French. Email and live chat support are likewise provided.

Detailed OptionFair Review

OptionFair Key Features

  • Minimum deposit: $100
  • Maximum returns: 100%
  • Bonuses: none
  • Supported trading platform: proprietary, web, Android and iPhone

5. BinaryTilt

BinaryTilt is an unregulated broker with headquarters in London, England, but is wholly owned by Cyprus-based Depix Holdings. Although it isn’t overseen, the broker seems to have a clean record with rare warnings from authorities. US traders are not accepted. It trades in stocks, indices, forex, and commodities across 150 underlying assets.

The minimum deposit is $250, with profits of up to 85%. Likewise, bonuses can reach 100%. Trading styles include high/low, one-touch, range, and on-demand. The stocks are also mainly US or EU-based companies.

The trading platform is SpotOption, a standard but increasingly old school tool compared to newer platforms today. The UI is familiar, and the elements are organized, good enough for first-timers to kickstart their trading without a hassle. Support is via chat, while Android and iPhone apps are available.

Detailed BinaryTILT Review

BinaryTilt Key Features

  • Minimum deposit: $250
  • Maximum returns: 85%
  • Bonuses: up to 100%
  • Supported trading platform: SpotOption, web-based, Android and iPhone

6. GTOptions

GTOptions is another Cyprus-based binary options broker. It uses the SpotOption trading platform, which is one of the most dependable web-based solutions in the market today. Its interface is smart and easy to use, with color-coded buttons and tabs arranged per type of trade offerings and asset offerings to be traded.

This binary options platform also offers several intuitive tools to help traders achieve better outcomes. For instance, it has a risk management feature that allows traders to cash in on their live trades before contract expirations. Likewise, it has a binary meta mode that supports high-level trading, specifically designed for professional traders.

Finally, the vendor offers 24/7 customer support and provides an extensive library for education and reference purposes.

Detailed GTOptions Review

GTOptions Key Features

  • Minimum deposit: $250
  • Maximum returns: 81%
  • Bonuses: Below $1000 50% bonus, above $1,000 100% bonus
  • Supported trading platform: proprietary, web, Android, and iPhone

7. OneTwoTrade

OneTwoTrade uses the popular web-based SpotOption trading architecture. The company provides the latest technological advancements for the benefit of its clients. OneTwoTrade has won an award for providing an efficient and safe trading platform that is relatively easy to use.

This fully-licensed binary options brokerage firm is headquartered in London. It is also highly regulated by government agencies, such as the Malta Gaming Authority. Moreover, OneTwoTrade is rigidly tested to ensure precision, stability, and quality.

OneTwoTrade offers two trading accounts; one is free, while the other is paid. The latter, called Privilege Plus, offers more benefits to users, including comprehensive market analysis, special promotions, and anytime access to senior account managers. Privilege Plus members also get either an iPhone or iPad that’s equipped with a special mobile trading app.

Detailed OneTwoTrade Review

OneTwoTrade Key Features

  • Minimum deposit: $200
  • Maximum returns: 65% to 85%
  • Bonuses: not specified.
  • Supported trading platform: proprietary, web, Android and iPhone

8. 99Binary

99Binary operates from Anguilla, a British overseas territory in the Caribbean. Started operations in 2020, this binary options trading company serves clients in the US and worldwide. It has a well-designed, comprehensive online portal that offers numerous features, tools, and trading information.

This HTML-based binary trading solution offers users the convenience of a clean, clutter-free dashboard design. Users will appreciate how the site presents data on the latest success trades of other users, which can be easily copied for later use.

Another notable feature of 99Binary is its trading turnover requirement. To cash out bonuses, customers must achieve a particular turnover quota, which goes down for every tier. This is an effective motivation for traders who love bonuses.

Detailed 99Binary Review

99Binary Key Features

  • Minimum deposit: $250
  • Maximum returns: up to 86% on Standard & 60-Seconds, and up to 350% on One Touch
  • Bonuses: To cash out bonuses, Starter level users must reach 30x turnover. For Premium users, 20x turnover is required.
  • Supported trading platform: proprietary, web, Android and iPhone

9. Binary.com

UK-based Binary.com is a licensed broker regulated in the British Isles, Malta, Ireland, and the UK. However, US, Canada, Japan, Hong Kong, and Costa Rica traders are not accepted. It is one of the more transparent companies in the industry that declares its owning company and market operations. Formerly the BetonMarkets, Binary.com blends gambling and trading but with transparency. It offers CFDs, FX margin, and crypto trading via MT5.

You can start the trading time aside from the expiry date, and the investment amount is based on the payout you set. The minimum deposit is $10, and for e-wallets, it’s even lower, at $5.

Bonuses are not standard; rather, they consist of two types–the Deposit Bonus and Free Bonus. Likewise, percentages are not specified, but you are required to have as much as 25 turnovers to avail yourself of a withdrawal. There’s also a 1.5% payout commission.

The broker supports various trading platforms, such as Binary Webtrader, Binary Bot, and Binary Next-Gen. Furthermore, it can personalize client trading needs all under one roof.

Th e platform is intuitive to the first-time trader and robust for the veteran. It features a lot of visual tools like charts and technical indicators, and the tutorials on binary options are comprehensive. Likewise, it supports 12 languages and provides a virtual money account. Mobile apps are available, with a mobile payment system.

Binary.com Key Features

  • Minimum deposit: $5 for e-wallet and $10 for debit and credit cards
  • Maximum returns: 100-1000% depending on contracts and trades
  • Bonuses: not specified
  • Supported trading platform: proprietary web, Android and iPhone

10. eToro

Tel Aviv, Israel-based eToro is a social trading network and not a broker. It allows you to copy the leading traders in its community and, hopefully, realize the same margins. Conversely, your trading can be copied, which earns you additional income.

In this platform, you invest in people, not currencies. You will have to be mindful of other traders’ behaviors and analyze their patterns or strategies, instead of learning financial charts and indicators.

No worries, eToro provides more than 16 lectures and video courses on how to hone your skills. These include identifying consistent traders, not just one-shot deals. You also get a list of the best traders on currencies, indices, and commodities across a wide range of underlying assets.

On the B side, you can share your trading insights and enroll in the Popular Investor Program as a trade authority. While the minimum deposit is $200, the maximum returns vary. The network uses its in-house trading platform with Android and iPhone apps.

eToro Key Features

  • Minimum deposit: $200-$10,000, depending on the country
  • Maximum returns: varies
  • Bonuses: not specified
  • Supported trading platform: proprietary, web, Android and iPhone

11. 24Option

24Option has been online since 2020 and is a stable and reliable broker as it is regulated by the CySEC. It uses the third-party TechFinancials trading platform. Maximum returns are up to 88%. This broker does not accept traders from the US and Australia.

The minimum deposit amount is $250, and the minimum investment amount is $24. Trade types offered are high/low, one touch and no touch, boundary, and 60 seconds.

A demo account is offered for new traders. You can enroll in Standard, Gold, or Platinum account depending on the amount you deposit and the features you want. 24Option provides customer support via phone, live chat, and email in English and 13 other languages.

24Option Key Features

  • Minimum deposit: $100
  • Maximum returns: 88%
  • Bonuses: up to 100%; 25% or $500 (whichever is lowest) for first-time depositors
  • Supported trading platform: TechFinancials web, Android and iPhone

12. ETX Capital

ETX Capital is headquartered in London, UK, and regulated by the British Financial Conduct Authority (FCA). It trades in forex, equities, indices, and commodities, but note that binary options are unregulated by the FCA. Likewise, US traders are not accepted as of this writing.

The broker takes pains in educating newbie traders, explaining in detail binary options, risk trading, and other key topics.

The minimum deposit is $100, with returns between 75% to 85%. Bonuses are not specified but are available. A call to their support should specify a personalized bonus based on your investment. Likewise, withdrawals above $100 are free of charge.

The broker uses MarketPulse as a platform. It is clean and intuitive for beginners with expiry times easy to locate. However, it only supports English.

ETX Capital Key Features

  • Minimum deposit: £200 (around $260)
  • Maximum returns: 100%
  • Bonuses: varies, personalized
  • Supported trading platform: MarketPulse, web, Android, and iPhone

13. CMC Markets

UK-based CMC Markets has been a forex broker since 1989 but only went into binary options in 2020. Still, that’s a long history of trust and reliable operations compared to most binary options brokers. On top of that, it is regulated in the UK.

Today, it trades in indices, commodities, shares, treasuries, and forex, but US clients are not yet accepted. There is no minimum deposit, and there are no bonuses, too. Returns also vary depending on the product.

Meantime, the platform is customizable and includes charting tools, pattern recognition functionality, various screen layouts, and multiple timeframes. The system is accessible from Android and iOS devices. Support is UK-based and consists of live chat, email, phone, and fax.

CMC Market Key Features

  • Minimum deposit: no minimum deposit
  • Maximum returns: up to 95%
  • Bonuses: none
  • Supported trading platform: proprietary web, Android and iPhone

14. EmpireOption

Founded in 2020, Uruguay-based EmpireOption with a registered address in London, England. As with most brokers, US traders are not accepted. The broker trades in forex and CFDs with a diverse underlying investment portfolio.

The minimum investment is $200 and up to 80% maximum returns. Likewise, bonuses can reach 100%, but terms apply.

The trading platform is SpotOption but minus the SpotOption payment network. EmpireOption also uses its own branding interface and maintains control of most of the trading aspects.

Phone and email support are available.

EmpireOption Key Features

  • Minimum deposit: $200
  • Maximum returns: 82%
  • Bonuses: up to 100%
  • Supported trading platform: SpotOption, web, Android, and iPhone

15. BinaryMate

Binarymate is a UK-registered broker that is reliable as it follows the strict financial regulations of the UK. It accepts US traders. This broker uses a unique in-house platform for trading. You can earn a maximum return of 90%.

Trading accounts start with the basic Bronze package for which the minimum deposit is $250, and you get a 20% welcome bonus. For Silver account, the minimum deposit is $1,000, and you get a 50% welcome bonus. Finally, for the premium Gold account, the minimum deposit is $3,000, and you can choose between risk-free trades or a bonus of $250.

A unique customer support feature offered by Binarymate is live video chat with agents who are available 24/7. Support is offered in English, French, Spanish, and Russian. Last but not least, you can use the demo account to learn the ropes or to improve your skills. Before you decide on a broker, though, it’s always best to make a binary options brokers comparison first to make sure you pick the best service.

BinaryMate Key Features

  • Minimum deposit: $250
  • Maximum returns: 90%
  • Bonuses: up to $250, risk-free trades
  • Supported trading platform: proprietary web, Android and iPhone

How to Succeed in Binary Options Trading?

Many people pursue to trade in binary options even though many fail. This is because of the ease of trading, coupled with the high-profit potentials it offers. However, with thousands worldwide continuing to trade in binary options every single day, is it still possible to succeed in this lucrative trade?

A good place to start is to have an authoritative list of today’s top binary options brokers. So that’s now a check. Likewise, make sure you have the appropriate payment gateway providers for seamless payment transactions. Finally, check out these key elements that will help you succeed in binary options trading:

  • Learn how to interpret historical, current, and predicted charts.
  • Test various trading strategies and use one that works for you.
  • Always consider market indicators.
  • Learn to control your emotions, use them to your advantage.
  • Trade by capitalizing on your strengths and follow your signals.
  • Prepare and stick to a personal, long-term trading plan.

Yes, because of the high stakes involved, trading in binary options is really difficult and high-risk. But if you’d take the time to learn the ropes and sustain your commitment to it, it is realistic to succeed in the binary options trade.

Check out our 2020年最受欢迎的15家二元期权经纪商:哪一家是最好的? article for a Chinese version of this article and 15 nhà môi giới quyền chọn nhị phân phổ biến của năm 2020: Ai mới là tốt nhất? is available for the Vietnamese audience. There is also a Korean version available here: 2020년 최고 인기 바이너리 옵션 브로커 15개사, 누가 최고일까?

Binary Options Brokers Reviews

In this section of the site we’ll be looking at the most trusted binary options brokers in the market. We have undertaken in depth research in order to bring you our recommended brokers reviews. We are always pleased to get feedback on the various brokers, so please share your experiences with us.

There’s no doubt that binary options trading is an increasingly popular trading vehicle. This upsurge in trader numbers can largely be attributed to the fact that binaries are perhaps the simplest of all financial instruments. For the first time in the history of financial trading, a beginner trader can easily understand how to trade this financial instrument without having to undergo complex trading education as is the case with spot forex traders or CFD traders.

Naturally to cater for this exploding demand, there has been an increase in the number of binary options brokers offering their services to retail traders. As a result of this heavy competition many beginner traders often turn to binary options brokers reviews to help them select the right broker for them. These reviews will detail the services and background of the brokers. But in order to truly benefit from our reviews, it is important to understand how we compile them. To give our readers a helping hand, we have created this guide to explain what each section of a binary options review mean.

Breakdown of a Binary Options Review

A binary options broker’s review is typically divided into several main sections:

  • Broker’s Background
  • Regulatory Oversight
  • Trading Platform
  • Trade Types
  • Account Types
  • Deposits & Withdrawals
  • Customer Support

Broker’s Background

Usually appearing as the review introduction, this section will normally include a little about the history of the broker, the year it was established and information on who owns the company. The location of the broker’s headquarter is also included in this section. This information can reveal critical information about the broker.

For example, the year when the broker was established will indicate if this is a new broker or one which has been around for a while. A broker that has been around for a while is normally more trustworthy than a newly established broker. In addition, it is also a good way to spot a legitimate broker from a scam broker. Legitimate binary options brokers tend to reveal more about their corporate background whereas scam brokers tend to be evasive and will try to provide as little information about themselves as they can get away with.

Regulatory Oversight

For most binary options brokers, this section is one of the most important of their review. This is because a broker is that is regulated is more likely to be trusted than an unregulated one. When evaluating the broker’s regulatory status, it is also important to note which regulatory body the broker is regulated with. Not all regulatory agencies are created equal. For example, a license from the Cyprus Securities Exchange Commission (CySEC) carries more weight than a license obtained from the British Virgin Islands Financial Services Commission. This is because some regulatory agencies have more resources dedicated to ensuring that the brokers under their jurisdictions comply with all the regulatory requirements.

Trading Platform

In the binary options trading industry, you are likely to come across two main types of trading platforms, proprietary trading platforms and white labelled trading platforms.

White labels/Generic

White labelled trading platforms are generic trading platforms supplied by third party online trading solutions providers. This is the main reason why many of the trading platforms adopted by binary options brokers look so similar. Apart from some minor differences in the colour and design of the user interface, the platforms are essentially the same. For white labelled trading platforms, the leader is the SpotOption trading platform which is adopted by more than 80% of the brokers in the industry. Most brokers tend to use white labelled trading platforms as it helps them to save on development and support costs

Proprietary

The second type of trading platform that you will come across more occasionally is the proprietary trading platform. These platforms are developed in house to meet the specific needs of the brokers. As there are additional development costs involved, most brokers tend to shy away from having their own proprietary platforms.

“What we can gather from this section of the review is that if the broker is willing to expend resources to develop its own platform, then you can infer that this broker is likely to be more professional and dedicated to its long term business objective. In other words, a broker with a proprietary trading platform is less likely to be a scam broker”

Trade Types

The section on the trade types will reveal how many types of options contracts the broker‘s trading platform is able to support. Different types of trading platforms will support different types of options contracts. Most trading platforms will be able to support at least 4 to 5 different types of options contracts. Currently, the trading platform that can support the most number of option contracts is the SpotOption powered trading platform. Depending on the configurations which the broker has requested from SpotOption, you may be able to choose up to 8 different types of option contracts namely:

  • Classic Call/Put Binaries
  • Derivatives Options
  • FX/CFD
  • Ladder options
  • Long Term Binaries
  • One Touch options
  • Pairs
  • Short Term Binaries

Account Types

Binary options brokers generally tend to offer their clients a choice of several types of trading accounts. These trading accounts differ in the minimum deposit requirements, the benefits that they offer and sometimes the percentage returns. The lower level trading accounts usually require a smaller amount of minimum initial deposit. However, they will have limited access to other benefits such as trading education, a dedicated account manager and lower bonuses as well. Free withdrawals are usually limited to once a month. Any subsequent withdrawals made during the same calendar month will usually incur a service fee.

For higher end trading accounts like the premium or VIP trading account, they usually get extra benefits such as unlimited free withdrawals as well as expedited withdrawals. The percentage returns on these accounts are usually higher by an additional 4% to 5%. The major drawbacks of these trading accounts are the fact that you are subjected to a higher minimum deposit requirement.

Deposits & Withdrawals

To make their clients trading experience as pleasant as possible, most binary options brokers offer a selection of fund transfer methods. These methods typically fall into 3 main categories:

  • Credit/Debit cards
  • eWallets
  • Bank Wire transfer

The most convenient and secured method of transferring funds will be by credit/debit cards. This is due to the fact credit payment providers require vendors to adopt a high level of security. It is also convenient due to the fact that your credit card is usually linked directly to your bank account. This means funds can be transferred almost immediately from your bank account to your credit card. This same goes for withdrawals made through credit cards.

Depending on the eWallet used, eWallets are usually the fastest and cheapest way to transfer funds online. However, it should be noted that some eWallets are not available for traders in certain countries to the local regulatory requirements.

“Bank wire transfers are the most expensive way of transferring funds to and from your trading account. It also takes the longest for the broker to receive the funds as they are processed through the banks first. This option is typically used only when the above mentioned methods are not available to traders”

Apart from evaluating the various methods provided by the broker, it is also important to note the conditions if any are attached to the deposit and withdrawal of funds. For example, some brokers may require that you withdraw a minimum amount. Hence be sure to read all the terms and conditions before agreeing to any of them.

Customer Support

The third most important aspect of a broker’s review after its regulatory status and trading platform is the customer support service. The binary options market trades on a 24 hours basis 7 days a week. What this means is that problems can crop up at any time and not just during office hours. With this in mind, you have to take note of the operation hours of the customer support service. You want to be able to get assistance whenever you need it and not just during office hours.

Furthermore, you want to ensure that you are able to reach the customer support service through several different methods and not just through methods that rely on the internet. Bear in mind that if for whatever reason you lose your internet connectivity, you still want to be able to get in touch with your broker. This is where you can really see the different between a good broker and a bad broker.

“A good broker will try its best to ensure that it is able to resolve any problem that you may encounter as quickly as possible. A bad broker on the other hand is one that tries to make itself as scarce as possible whenever there are issues. If a broker does not provide live chat and telephone support, then you should be wary of the broker in question. “

Binary Options Broker Scams

So far what we have discussed will help you differentiate between a good broker and a bad broker. But what about scam brokers? How can you tell if a broker is a legitimate broker or a scam broker? Well, there are a few telltale signs which you can look out for which can be an indication that the broker in question is mostly likely a scam broker. Binary options broker scams may be perpetuated by different parties but their techniques are all similar. For example, they tend to make promises which they can never keep. If a broker guarantees that you will make a profit by investing with them, then the broker is almost definitely a scam broker. This is because in financial trading, nobody can predict the results.

“Another scam which some brokers use is by withholding your money because you fail to satisfy the bonus withdrawal conditions. While it is your responsibility to read all the terms and conditions, it is still unethical for the broker to withhold your money because of the failure to fulfil the bonus withdrawal conditions. This is the main reason why regulatory agency such as CySEC has banned binary options brokers from offering trading bonuses with conditions attached.”

Finally, watch out for brokers that do not provide any information as to their corporate background or location. Such behaviours are not typical of a legitimate broker that wants to establish a long term business relationship with its clients. You have to remember that the broker at the other end of the internet connection is just a faceless entity. So if you would not randomly give your money to a stranger that you meet on the street, why should you do the same for a broker that is so secretive about its owner/s and location?

Conclusion

Being able to make a trade successfully is only part of the journey to being a successful binary options trader. You also have to ensure that you are getting the best terms and product from your broker. It is important that you evaluate a broker carefully before committing yourself. The best way of going about this and without having to risk your money is by studying the reviews of the broker in question.

In addition, by checking out the reviews of the binary options brokers that you are interested in, you will be able to save money, time and effort in your search for the best binary options brokers. Hence, we strongly encourage you to conduct your due diligence and read the reviews that we have compiled so you can make a better informed decision when selecting your binary options broker.

Binary Option Broker Reviews

Hello and welcome here on my blog about binary options trading! Keep on reading for my binary options broker reviews and detailed information about binary trading strategies, basics & tools!

My Name is Ben and I´m trading since the end of 2009 binary options and forex! After many setbacks, I finally found a few good pieces of information helping me to succeed with binary options trading!

Here on this site, I will share my binary options reviews and experiences, as well as my trading strategies, templates, and many tips and tricks about binary trading!

If you need any assistance, ensure to contact me through Facebook or write a comment here on this site, I will do my best to answer your questions ASAP.

Learn To Trade Binary Options

Before you start trading binary options, ensure to browse this site and other sites like my Youtube Channel in order to get the needed knowledge first! Ensure to follow the steps below to start binary options trading the right way :

  1. Get the Knowledge — Ensure to first learn about binary options, chart analysis, trading strategies and so on before you start trading! You can find good information here on this site, inside my Youtube Channel, or on my Facebook Page by clicking here for example!
  2. Get a Demo account — Never start trading binary options or anything else with real money! Ensure to get a demo account (You can trade inside a Demo account at Pocket Option!)
  3. Start With Small Position Sizes — After trading some time inside a demo account (I´m talking about a few weeks, at least 1-2), you can start with small positions inside a real account! Always start with the lowest trade amount possible. Trading with real money is always different from trading with fake money!
  4. After you see that it is working for you with real money, you can start to slowly increase your position size till you reach your money management amount (Trade never more than 5% of your overall capital in a single position)!
  5. Check out my Binary Options Signals Section to learn more about trading tools for binary options!
  6. Join my Facebook Page as well as my Group on Telegram for more information!

Binary Options Broker Reviews

Here are the top binary options broker you can choose from, depending on your country of residence and the features you are looking for! Watch this video (Switch on subtitles) learn more about my favorite broker for binary options!

Broker Min Deposit Bonus Rating More
$ 50 N/A ★★★★

Attention: All broker here were tested by me in the past, read my full review to find out more about the details!

Binary Options Broker #1 — Pocket Option

(US Traders are Accepted) — This is another interesting broker I´m using daily. Pocket Option is easy to use and many cool features like tournaments, pending positions, Forex trading and much more. Pocket Option is the only binary options broker I know providing more than 40 cryptocurrency assets to trade, as well as many currency pairs, stocks and much more.

Pocket Option also runs interesting Bonus and Reward offers you may want to take a look at! Pocket Option (read my Review) offers by far the highest returns in the industry (Up to 98% for an In the Money position)! Pocket Option is great if you want to trade with low amounts and short-term binary options! Pocket Option is regulated by the FMRRC !

Attention: Use this link and start trading with pocket Option to get a 50% cashback paid from my Commission (50% of my commission will be paid to your account) … Click here now and sign up! (Make sure to delete your browser cookies first)!

(Trading Involves Risk!)

Binary Options Broker #2 — Finmax

(Does Not Accept Trader from US Countries) — Finmax is my first choice when it comes to binary options and CFD trading (As I´m a European trader). The user interface is working well and fast. Finmax offers some nice charts including some useful tools to analyze the market and make good trade decisions.

Many other binary options broker reviews about Finmax are also showing the popularity and overall quality!

Finmax is Regulated by the FMRRC! You can watch the Video below for a Finmax Review from me :

Binary Options Brokers

Looking for your next binary options broker? You’ve landed in the right place.Here you will find detailed information, reviews, and ratings about almost all binary options brokers in the industry… or at least the ones that matter enough.Whether you are new to binary options or a seasoned trader looking for a new broker, this is the place to start and find the best broker for you.Never invest before reading the ThatSucks.com broker review first!

Pocket Option
Brokers
Broker name Regulated Minimum Deposit Return/Refund Score
VIPBinary No 250 60-75%/1-10% 1 / 10 Visit Now
TradeSmarter No N/A N/A 1 / 10 Visit Now
Banc De Binary No 250 70-83%/0% 1 / 10 Visit Now
OptionBit Yes 250 70-85%/0% 1 / 10 Visit Now
WinOptions No 200 65-85%/1-10% N/A / 10 Visit Now
Trader369 No N/A N/A N/A / 10 Visit Now
StartOptions No 1000 68-90%/0-10% 4.6 / 10 Visit Now
Bloombex Options No 200 68-85%/0-10% 1 / 10 Visit Now
EZTrader Yes 50 70-81%/0-10% N/A / 10 Visit Now
OptionXP No 200 65-75%/0-10% 1 / 10 Visit Now
MinuteOptions No 100 65-75%/0-10% 1 / 10 Visit Now
OptionsClick Yes 200 60-89%/0-2% 1 / 10 Visit Now
TradersRoom No 250 65-75%/0-10% 1 / 10 Visit Now
TraderXP No 200 65-75%/0-10% 6.3 / 10 Visit Now
Global Option Yes 200 70-95%/0-10% 6.1 / 10 Visit Now
TradeRush No 200 65-75%/0-10% 1 / 10 Visit Now
BullOption No N/A N/A 1 / 10 Visit Now
OptionFair Yes 100 100% / 0%* N/A / 10 Visit Now
OptionFire No 200 55-81%/10% 1 / 10 Visit Now
Optionet No 200 65-89%/1-15% 1 / 10 Visit Now
GCMBinary No 200 70-85%/0-10% 1 / 10 Visit Now
IOption No 250 71-83%/0-15% 1 / 10 Visit Now
StockPair Yes 250 75-83%/0% 1 / 10 Visit Now
AnyOption Yes 200 65-80%/5-25% N/A / 10 Visit Now
OptionWorld No 200 68-75%/5-10% 5.3 / 10 Visit Now
CitiTrader No 300 65-75%/0-10% 1 / 10 Visit Now
XPMarkets No 200 65-81%/0-10% 4.9 / 10 Visit Now
UBinary No 250 70-85%/+10% 1 / 10 Visit Now
ZoneOptions Yes 200 70-85%/0-15% 7.4 / 10 Visit Now
OptionNow No 250 75-85% / 0-15% 6.3 / 10 Visit Now
GOptions No 200 70-85%/0-10% 1 / 10 Visit Now
GTOptions No 250 65-85%/0% 6.9 / 10 Visit Now
OptionYard No 200 70-82%/0-10% 1 / 10 Visit Now
OptionsXO No 250 70-89%/0% 1 / 10 Visit Now
BDSwiss Yes 200 N/A 8.5 / 10 Visit Now
Dragon Options Yes 250 65-80%/0-10% 6.6 / 10 Visit Now
Opteck Yes 250 N/A 1 / 10 Visit Now
TopOption Yes 100 72-85%/ 0% N/A / 10 Visit Now
BINOA No 100 60-85%/0-10% 5.9 / 10 Visit Now
MarketsWorld No 10 70-90% /0% 1 / 10 Visit Now
OneTwoTrade No 250 60-85% /0% 1 / 10 Visit Now
Safe24Options No 200 68-75%/0-10% 1 / 10 Visit Now
IHoptions No 200 68-89%/5-10% N/A / 10 Visit Now
Binary360 No 200 60-75%/0-10% N/A / 10 Visit Now
TraderEasy No 200 65-75%/0-10% N/A / 10 Visit Now
OptionWeb Yes 200 70-90% /0% N/A / 10 Visit Now
OptionLucky No 200 68-75%/0-10% N/A / 10 Visit Now
Binary Markets No 200 68-75%/0-10% N/A / 10 Visit Now
OptionRally Yes 250 65-81%/ 0% 7.6 / 10 Visit Now
777Binary No 200 65-75%/0-10% 5.6 / 10 Visit Now
Trading247 No 200 60-75%/0-10% 1 / 10 Visit Now
OptiMarkets No 200 75-80%/0-10% 1 / 10 Visit Now
BNRY No 100 65-75%/0-10% 5.0 / 10 Visit Now
CedarFinance No 200 65-75%/0-10% 1 / 10 Visit Now
24Bulls Yes 250 40-85%/0-40% 6.9 / 10 Visit Now
BetonMarkets Yes 5 50-95%/0% 1 / 10 Visit Now
BeeOptions No 150 60-85%/0-10% 7.0 / 10 Visit Now
ZoneOptions Yes 200 70-85%/0-15% 7.4 / 10 Visit Now
Redwood Options No 500 70-81%/1-10% 1 / 10 Visit Now
XOptions Trading No N/A N/A N/A / 10 Visit Now
VaultOptions No 100 65-75%/5-10% 5.1 / 10 Visit Now
OptionGround No 200 70-85%/0-10% 1 / 10 Visit Now
EasyXP No 200 75-80%/0-10% 1 / 10 Visit Now
GrandOption Yes 200* 75-89%/0-10% 6.4 / 10 Visit Now
FMTrader Yes 250 65-85%/0-10% N/A / 10 Visit Now
Binary Yes 10 75-90%/0-5% 9.1 / 10 Visit Now
Global Trader 365 No 200 65-75%/0-10% 1 / 10 Visit Now
Regal Options No 200 75-80%/0-15% 1 / 10 Visit Now
Sycamore Options No 200 65-75%/0-10% 1 / 10 Visit Now
TraderWorld No 200 68-80%/0-10% 1 / 10 Visit Now
TitanTrade No 350 70-85%/0% N/A / 10 Visit Now
LBinary No 250 70-85%/0-10% 1 / 10 Visit Now
PowerOption Yes 250 70-85%/0% 1 / 10 Visit Now
Winner-Option Yes 100 70-80%/0-5% 1 / 10 Visit Now
MarketsKing No 250 65-85%/0-5% 6.4 / 10 Visit Now
AmberOptions No 200 70-80%/0-5% 1 / 10 Visit Now
PlatinumTrader No 350 60-80%/0-10% 5.9 / 10 Visit Now
BrokerageCapital No 200 70-75%/0-5% 1 / 10 Visit Now
99Binary No 200* 78-93%/0-10% 6.9 / 10 Visit Now
CTOption No 250 70-80%/0-15% 1 / 10 Visit Now
BossCapital No 250 63-85%/0-10% 1 / 10 Visit Now
RBOptions No 250 75-88%/0% 7.4 / 10 Visit Now
CallandPut No 250 65-85%/0% 6.4 / 10 Visit Now
UKOptions No 250 70-82%/0-5% 1 / 10 Visit Now
BinaryTilt No 250 70-85%/0-3% 1 / 10 Visit Now
IQ Option Yes 10 75-92%* 9.3 / 10 Visit Now
MagnumOptions No 500 70-85%/1-10% 1 / 10 Visit Now
BigOption No 100 70-85%/0% 1 / 10 Visit Now
OptionMint No 250 68-85%/0-10% 5.5 / 10 Visit Now
CherryTrade No 200 65-85%/-% 1 / 10 Visit Now
10Trade Yes 200 70-81%/ 10% 1 / 10 Visit Now
No1Options No 500 75-89%/0-10% 1 / 10 Visit Now
SpotFN No 250 70-88%/0% 1 / 10 Visit Now
OnlyOption Yes 200 70-85%/0-10% 7.3 / 10 Visit Now
InsideOption No 500 78-84%/0% 7.0 / 10 Visit Now
Tradorax No 250 70-85%/0-4% 1 / 10 Visit Now
YesOption No 250 75-89%/0-3% 1 / 10 Visit Now
GrowBinary No 100 75-80%/0-15% 5.7 / 10 Visit Now
RoboOption Yes 10 70-85%/0-15% 1 / 10 Visit Now
EveryOption No 200 75-85%/0-15% 1 / 10 Visit Now
IvoryOption No 250 70-85%/ 0% 7.3 / 10 Visit Now
Ayrex No 25 60-80% 8.0 / 10 Visit Now
TradeThunder No 200 70-80%/0% 1 / 10 Visit Now
WikiOption No 250 75-85% /0-15% 1 / 10 Visit Now
365BinaryOption No 200 75-85% /0-15% 1 / 10 Visit Now
BinaryInternational No 200 70-85% /0-10% 7.4 / 10 Visit Now
ImperialOptions No 250 60-80% /0% N/A / 10 Visit Now
IG Yes 200 Varies 8.5 / 10 Visit Now
FinPari No 250 70-85% / 0-15% 1 / 10 Visit Now
EmpireOption Yes 100 70-82%/0-5% 7.8 / 10 Visit Now
BinaryBook No 250 75-85% / 0% 1 / 10 Visit Now
Nadex Yes 250 Varies 9.3 / 10 Visit Now
Oboxee Yes 10 70-85% / 0-15% 1 / 10 Visit Now
InteractiveOption No 250 75-85% / 0-15% 1 / 10 Visit Now
BinaryBrokerZ No 250 75-85% / 0% 1 / 10 Visit Now
WMOption No 250 70-85%/ 10% 1 / 10 Visit Now
365Trading Yes 100 68-85% / 0% 1 / 10 Visit Now
KeyOption No 300 82% / 0% N/A / 10 Visit Now
HYOptions Yes 100 80% / 0% 1 / 10 Visit Now
PWRTrade No 250 75-85%/ 0% 7.4 / 10 Visit Now
BMBOption No 250 80% / 0% 7.2 / 10 Visit Now
PorterFinance No 250 70-85% 6.5 / 10 Visit Now
Dukascopy Yes 100* 70-90% 8.5 / 10 Visit Now
CWOption No 25 70-85% N/A / 10 Visit Now
TRBinaryOptions No N/A N/A N/A / 10 Visit Now
OlympTrade Yes 10 75-92% / 0% 8.5 / 10 Visit Now
BinaryUno No 250 75-80% / 0-10% 5.7 / 10 Visit Now
TradeSolid No 100 75-85% / 0% 1 / 10 Visit Now
Finmax Yes 250 70-85%/ 0-15% 9.0 / 10 Visit Now
BuzzTrade Yes 250 75-85% / 0-15% 1 / 10 Visit Now
OxMarkets Yes 250 70-85%/ 0-15% 1 / 10 Visit Now
UboCapital No 200 75-85%/ 0-15% 6.4 / 10 Visit Now
BillionOptions No 250 75-85%/ 0-15% 1 / 10 Visit Now
OptionStars Yes 250 60-85%/ 0-20% 7.4 / 10 Visit Now
PrestigeOption Yes 500 75-85%/ 0-10% N/A / 10 Visit Now
OptionBanque No 200 75-85% / 0-15% 7.0 / 10 Visit Now
Citrades No 250 70-85% /0-15% N/A / 10 Visit Now
QuickOption Yes 250 75-90% / 0% 7.1 / 10 Visit Now
AskOption No 250 60-81% /0-5% 7.3 / 10 Visit Now
SternOptions No 250 75-85% / 0% 1 / 10 Visit Now
TradePlus No N/A N/A N/A / 10 Visit Now
Binomo No 10 70-87% / 0-10% 8.0 / 10 Visit Now
PlusOption No 250 75-81% /0% 6.3 / 10 Visit Now
HighLow Yes 50 75-85% /0% 8.6 / 10 Visit Now
Bullbinary Yes 50 75-85% /0-15% 8.1 / 10 Visit Now
TorOption No 350 75-85% /0-15% 1 / 10 Visit Now
PrimeCFDs Yes 250 N/A 1 / 10 Visit Now
eXbino No 10 75-85% /0-15% 1 / 10 Visit Now
Binatex No 50 75-85% / 0-15% 7.9 / 10 Visit Now
Finrally No 250 75-85% /0-15% 1 / 10 Visit Now
ExpertOption Yes 50 89-95% / 0% 8.8 / 10 Visit Now
72Option No 250 75-85% / 0-10% 6.5 / 10 Visit Now
BinaryCent No 250 70-100%/ 0% 6.7 / 10 Visit Now
BinaryOnline No 250 70-85% /0% 1 / 10 Visit Now
GreenFieldsCapital No N/A N/A N/A / 10 Visit Now
PrestigeFinancialMarkets No N/A N/A N/A / 10 Visit Now
Grand Capital Yes 100 75-85%/ 0-15% 7.8 / 10 Visit Now
Pocket Option Yes 50 N/A N/A / 10 Visit Now
Option888 No 250 75-85% / 0-15% 6.9 / 10 Visit Now
uTrader No 300 75-85% /0-10% 5.3 / 10 Visit Now
RaceOption No 250 50-70% /0% 6.3 / 10 Visit Now
OptionField No 100 70-93%/0% 7.3 / 10 Visit Now
Binary24 No 10 75-85% /0-10% 7.1 / 10 Visit Now
CloseOption No 5 50-95% /0% 6.8 / 10 Visit Now
BinaryMate No 250 75-90% / 0-15% 4.8 / 10 Visit Now
Binarium No 10 70-90% /0% 7.5 / 10 Visit Now
Q8Trade Yes 250 N/A 6.2 / 10 Visit Now
CryptoBO No 250 70-85% 4.9 / 10 Visit Now
Finarix No 250 N/A 5.7 / 10 Visit Now
NSBroker Yes 250 N/A 9.4 / 10 Visit Now

Binary Options Brokers List 2020

Search Brokers

The word “broker” comes up in about any binary options conversation and that’s because you cannot trade binaries without using one. If you are new to all of this, then you’re probably wondering what brokers are; so here’s the quick rundown: they are the intermediary between the trader and the financial market, so when you want to open a trade, you will have to go through the broker. You will need a brokerage account and then if you want to trade, you will have to fund that account. Here’s when potential problems may arise.

There are literally hundreds of brokers out there, so finding one will not be a problem… Choosing the right one may prove to be difficult because all brokers have different trading conditions.

Learn about the Brokers

Your first concern should be the safety of your money. Is this broker regulated? Are they trustworthy? What do other clients say about them? There have been a lot of scams in the early days of Binary Options and although now things are a lot safer, you will still encounter brokers that try to scam you in various ways. That being said, when choosing your next Binary Options broker, this is one of the first questions you have to ask yourself: is this brokerage regulated by a major financial watchdog like CySEC (Cyprus), ASIC (Australia), FCA (United Kingdom), CFTC (United States), or any other local regulator? Only a few of the unregulated brokers are trustworthy.

Your second concern should be about trading conditions. How much is the minimum deposit? How much is the minimum trade? What assets are they offering? What’s the average return? Will I get a refund in case of a losing trade? If you plan on investing low, you will have to choose a broker with a low investment per trade. If the broker allows you to trade lower amounts per trade, that means that you can stay in the game longer and a losing trade will not be such a big deal.

And finally, the BOTS score. We take everything we just talked about into consideration and translate it into a number anywhere between 0-10. These numbers are also based on client’s opinion, so it’s not only us you can trust but also traders like yourself. For more information regarding each and every broker, click on the brokers’ name.

Choose Your Broker

Trust is a major issue when it comes to these companies because, as I mentioned above, you will have to fund an account with them, so your money will be in their possession. If the brokerage is legit, then you have nothing to worry about, because you can withdraw at any time or use that money for trading and make a profit.

The matters above and much more (like Bonuses, Fees, Commissions, Deposits, and Withdrawals, etc.) are extensively covered in our Broker Reviews. We are doing everything we can to keep our reviews comprehensive and up to date, so don’t let our work go to waste. Use it!

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

Like this post? Please share to your friends:
Binary Options Trading Wiki
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: