72 Option Broker Review

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

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Consumer Reviews

Service use: Live

Length of use: 0-3 Months

These guys are 100% scammers. They have stolen £33000 from me and now do not reply to my calls or emails. Even though my account has over £100,000 of their fake money in it they will not let me withdraw a penny. I was lied to from the beginning and they are not regulated so have no ability to trade anyway. Its a video game. STAY CLEAR!

Jan 16, 2020 – No Rating The guys are 100% crooks. Scammers and nasty pieces of work. You will not get your money back from them. Please stay well clear.

Dec 18, 2020 – 1 Star 100% scammers. DO NOT EVEN DIGNIFY THEM WITH YOUR TIME! Currently trying to recover my stolen money.

72Option is a big big scam. AVOID, AVOID, AVOID!

I as scammed by 72Option, Please help!

After registering a binary trading account with 72option, I initiated a deposit the minimum account requirement of USD250 upon a call from the company representative who claimed in email that 72option is a broker. After that I kept receiving calls from 72options pressurizing me to deposit new fund for trading. I explained to them that I had zero experience and they said that they would instruct the trades. The trades will be risk free and bonus will be issued if the trade is at loss. They didn’t disclose any terms and conditions of the risk free trade or bonus throughout the process. They only sent the risk free agreement and bonus agreement to me to sign after they instructed the loss trades. If the terms and conditions were informed in advance, I would never agree on the trades.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Between October, 2020 and November 2020, I have initiated 6 transactions totaling USD22250 to 72option. I have made a few requests for refund the deposit from the 72option website but were all cancelled.

Pocket Option Review – Scam or not?

Review: Min. Deposit: Demo Account: Yield:
(4 / 5) 50$ ✔ Free 90%+

Is Pocket Option a scam or a reliable company? – Find out on this website. As an advanced trader, I checked the Binary Options Broker for you. Read if it is worth to invest your money or not and get the best information in my review of 2020.

The official homepage of Pocket Option

What is Pocket Option? – The company presented

Pocket Option is an international Binary Options Broker. You can bet there on rising or falling markets with a chance of a high payout (yield). Pocket Option is a broker who is owned by the Gembell Limited and based in the Marshal Islands. It is a registered company with the number 86967. Also, the broker is regulated by the IFMRRC.

At first glance, the website of Pocket Option looks very nice and clear. Directly you can see what they are offering their traders. Trade more than 100 different assets as Binary Options and with a yield (90%+). For traders, there are like 10000 combinations possible. It is very easy to start trading with the broker. You can open the new account in a few seconds. In addition, they offer a free demo account for practice the platform.

Facts of Pocket Option:

  • Location is in Marshal Islands
  • Regulated by the IFMRRC
  • High yield 90%+
  • User-friendly trading platform
  • More than 100 assets
  • Free Demo Account

The conditions for traders of Pocket Option:

Start to invest real money with a small deposit of 50$ in your account. Also, you can use only 1$ as the minimum bet amount for each asset. Pocket Option broker provides you a 10.000$ free demo account too. So you can practice trading in the new platform. It is very easy to deposit real money on Pocket Option because they offer you more than 50 different payment methods (read more about it below). After all, they charge you no commission for a deposit or payout. The payment system works 24 hours per day.

The regular asset profit of a Binary Option is between 80 – 97% which is compared to other brokers very high. Sometimes it depends on the asset you are investing. Choose between 60-second trades minimum and 4-hour trades maximum. They offer you a lot of different time horizons. The execution of trades is very simple and fast. From my experiences, there are no problems to open or close a trade. It is possible to sell an option before the expiry time ends. This is a big advantage for this broker.

Big diversity of assets

The diversity of assets is very high. Choose between Stocks, Forex, Cryptocurrencies, and Commodities. In conclusion, the conditions and the offer of Pocket Options are compared to other brokers at it´s best.

Conditions:

  • High yields 80-95%
  • 50 different payment methods
  • Start trading with a 50$ deposit
  • You only need 1$ per trade

Review of the Pocket Option Trading Platform

In my opinion Pocket Option offers a very good trading platform. It seems that they programmed it independently. Out of my experience, it feels very comfortable to trade on this platform. You can clearly see what happens in the market. Also, the platform is very customizable. You can use different indicators or chart types.

Select between 100 of different assets and analyze the chart. After that, you can open a trade with a call or put option. Use the social trading function to copy the best traders of Pocket Option and turn their profit in your profit. Trade via computer or app. It is possible to trade from every point of the earth with the intelligent app on your smartphone. Finally, the trading platform gets 5 stars in my review. I really like the design and functions.

Available as app

The platform runs smooth and is professionally programmed. There are not any bugs or lags by using it. In addition, the app is available for android and apple Ios. That is another big advantage because most brokers do not offer an IOS app. Also, the app runs very smooth like the web version. In conclusion, the trading platform of the broker is useful l for every trader because it is flexible.

Facts about the trading platform:

  • Different chart types
  • Different time frames (5 second chart up to daily chart)
  • Free indicators and analysis tools
  • Customizeable and user friendly for traders
  • Social Trading, Signals and Tournaments
  • Very fast execution of trades

How to use Pocket Option?

Pocket Option can be used to bet on rising or falling markets. Make a forecast for the direction of the price of an asset on the platform. It can be Forex, Stocks, Cryptos and more. Always the Binary Options got an expiry time. You can trade in different time horizons no matter if it is short-term or long-term. After the expiry time, the trade is automatically closed.

For example Bitcoin – 90%:

That means if you open a trade with the amount of 1000$, you make the right forecast of the markets you will win a payout of 1900$. 900$ is the profit and 1000$ is the return of your bet amount. There are no hidden fees by investing.

Social Trading – Copy other trader automatically

Pocket Option offers you to copy the best traders of the broker. First of all, it is important to know that social trading only works on a live account. Open in the menu “social trading” and you see the best traders at the moment. You can click on them and watch their profile (picture below).

You can add the trader to a “watchlist” and follow him for a certain time. If you think he is good enough, you can copy him with one click. In my opinion, it is significant to analyze the trades of all time. If a user got a high win rate overall time it is a good way to earn some extra profit. It is a big advantage for traders to see the whole profile and the trading style on Pocket Option.

Open your Demo Account with Pocket Option

Pocket Option offers a free demo account for everybody. The demo account can be used for training before starting to make real investments. With just one click you can trade with virtual money on the platform. There is no registration or deposit needed for practice trading with virtual money. A lot of traders get their first experience in the demo account before starting with real money. I recommend that to everybody to practice the platform in the demo account.

The demo account is unlimited with 10.000$ virtual money. You can charge it with one click if you lose some money. After you got some experience and learned to trade Binary Options successful you can directly start trading using real money.

  • Free and unlimited account
  • The best way to practice and learn how to trade

Pocket Option withdrawal and deposit on a real account

The good thing about Pocket Options is that they offer about 50 different payment methods for deposit and withdrawal. The minimum deposit is 50$. You can use cards, e-payments or cryptocurrency. They do not charge any commission and the withdrawal works in the time horizon of 24 hours. The minimum withdrawal amount is 10$.

In conclusion, the first tests of the withdrawal with the Pocket Option broker are successful. The withdrawal and deposit system works very well. Also, Pocket Option offers you a cashback of maximum 10% of your deposit or losses. For more information open a real account. In addition, I have to mention you should verify your account before you start trading with real money. The broker does not pay out to unverified accounts.

Facts about the payment methods:

  • Minimum deposit 50$ and minimum withdrawal 10$
  • Instant deposits with eletcronic methods
  • Credit Cards
  • Skrill, Neteller, ADV Cash, WebMoney, Payeer, Perfect Money
  • Cryptocurrencies, Bitcoin, Litecoin, Ripple, and more
  • No commissions and fees

Review of the bonus system and awards

As you see in the picture below Pocket Option offers you bonus system. There is a large choice of options for earning additional money. Use a deposit or no-deposit bonus to get a bigger account. In addition to that, they offer risk-free trades, cash-backs or promo codes. You get rewarded if your trading volume is high. They give you “Gems” which you can use in the award shop. In the award shop, there are some options to buy additionally bonus.

For the first time, I see such a big bonus system with different options. But do not forget that every bonus is linked to a condition. On the other hand, you can cancel the bonus at any time just clicking on the icon in your account. No money is held if you got an active bonus. You have to make an x50 turnover of your bonus to get paid.

Facts about the bonus system:

  • Deposit Bonus
  • No-Deposit Bonus
  • Risk-Free trades
  • Cashback
  • Gems for Bonus
  • Boosters for more profit

Support and service for Pocket Option traders

The support is very important for traders to build a reliable relationship. Pocket Option offers fast responsible chat support. Also, they got a phone and email support. The support works in different languages. According to that, they got an agent in the EU (Czech).

For beginners and advanced traders, there is a big education section on the platform. Watch video tutorials or read new strategies from the experts of Pocket Option. They explain it in detail how it works. It is important to get more knowledge before trading with real money.

Facts about the support:

  • Support 24/7
  • Phone, Email, and Chat Service
  • Support in more than 5 different languages
  • Free education center
  • Analysis and trainings

Conclusion of my review: Is Pocket Option legit or a scam broker?

In conclusion, Pocket Option looks like a reliable Binary Options Broker. There is a big range of different assets with high profit to trade. Binary Options are very simple and easy to understand on the platform. For further questions, you can use the big education center. In my opinion, the trading platform is one of the best in the world because you can customize it quickly. Moreover, it is very user-friendly, it feels very comfortable to trade there.

For withdrawal and deposit you got a lot of different payment methods. Open a account in less than 5 minutes is no problem. You can start trading real money with a start balance of 50$. This is a good value for every trader. Also big deposits are welcome, too. The only disadvantage of Pocket Option is the lack of a real regulation of a financial institute. In conclusion out of my experience the broker can be very useful.

The advantages of Pocket Option:

  • High asset profit 96%+
  • 100+ assets
  • Fast and reliable support
  • A lot of different payment methods
  • No hidden fees
  • Excellent trading platform

Pocket Options shows a really good bonus program and a reliable platform for trading (4 / 5)

72 Option отзывы

В он-лайне с: 2020
Страна: Болгария
Регулируется:
Способы расчетов: банковский перевод, кредитные карты
Минимальный размер счета: 250$
Минимальный размер сделки:
Кредитное плечо:
Спрэды:

72 Option — брокер бинарных опционов, который работает в отрасли свыше семи лет.

Компания. Безопасность фондов

Брокер 72 Option был основан в 2020 году и принадлежит Epic Ventures Ltd. Компания находится в Софии, Болгария. На сайте компании нет какой-либо информации о наличии лицензии.

«Торговля бинарными опционами не требует специальных торговых навыков или какого-либо предыдущего опыта торговли. Торговать опционами могут как профессиональные трейдеры, так и новички», — утверждает брокер на своем сайте. На самом деле трейдинг, в том числе бинарными опционами, требует определенной подготовки и знаний. Поэтому очень важно, чтобы трейдеры обращались к обучающим материалам.

72 Option использует систему безопасности SSL (Secure Sockets Layer), которая шифрует все платежи по кредитным картам через Интернет. Но, тем не менее, это не относится в полной мере к безопасности средств клиентов. Поэтому очень важно, чтобы у брокера была лицензия авторитетного регулирующего органа. Как правило, такие регуляторы обязуют брокеров хранить деньги на сегрегированных счетах и участвовать в Фондах по компенсации средств инвесторов.

Но один из плюсов компании 72 Option — это ее история. Она работает на рынке уже восемь лет.

Советуем трейдерам быть острожными и сначала прочитать отзывы о 72 Option.

У 72 Option один из самых разнообразных инвестиционных портфелей в отрасли бинарных опционов. Он включает 20 международных акций, 12 валютных пар, 7 товаров и 20 индексов.

Брокер также защищает трейдеров от убыточных сделок и позволяет увеличивать прибыль с помощью функций Rollover и Double Up.

Минимальная сумма вклада составляет 250$. Минимальный вывод средств по кредитным и дебетовым картам составляет 100$ и 500$ за вывод средств c помощью банковского перевода. Брокер не взимает комиссий за ввод и вывод средств. Процесс вывода средств занимает от 5 до 7 дней.

72 Option использует торговую платформу, созданную SpotOption. Платформа поддерживает различные опционы, такие как 60 секунд, долгосрочные опционы, пара, одно касание, лестница, максимум/минимум. Трейдер может выбрать из 100+ активов для торговли. Поскольку 72 Option не предлагает демо-счет, трейдеры не могут протестировать платформу и ознакомиться со всеми ее функциями.

72 Option дает бонус за регистрацию. Он доступен всем трейдерам, внесшим депозит на свой новый торговый счет. Процент депозита, который вы получите в качестве бонуса, будет зависеть от суммы первоначального взноса. Для крупных депозитов, $ 10000 или более, бонус будет 100%. Кроме того, трейдеры получают $100 за каждого нового клиента, который открыл счет в компании.

Аналитика и новости

Трейдеры могут использовать имеющиеся обучающие ресурсы, чтобы улучшить свою торговлю. 72 Option проводит прямые тренинги с профессиональными трейдерами, аналитиками рынка и другими экспертами по бинарным опционам. Эти занятия должны помочь трейдерам приобрести новые навыки и знания.

Каждому трейдеру выделяется личный менеджер, который помогает в торговле.

Служба поддержки 72 Option быстро отвечает на вопросы через онлайн-чат. На письма электронной почты ответ приходят, как правило, в течение одного-двух дней. Можно также связаться с поддержкой по телефону.

Процедуры пополнения и снятия средств 72 Option ничем не отличаются от процедур других брокеров Форекс. Депозиты могут быть внесены двумя способами: с помощью кредитной/дебетовой карты или банковского перевода.

  • большой выбор активов;
  • большой выбор опционов;
  • популярный терминал SpotOption.
  • нерегулируемый брокер;
  • высокий начальный депозит;
  • долгий вывод средств.

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 in Russia

Binary Options Brokers
Broker Regulated Min Deposit Payouts Bonus
Binary.com $5 90% » Visit
Binomo $10 90% » Visit
BDSwiss $10 N/A » Visit
Spectre $10 (ETH) Up to 200%* » Visit
OptionField $5 93% Pro Account Discount and 10% Cashback » Visit
24Option $100 » Visit
Nadex Exchange $250 100% » Visit
RaceOption $250 90% 100% Deposit match bonus » Visit

How to Compare Brokers and Platforms

In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from Russia. 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.

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.

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.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    The Best Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education.
    Free Demo Account.
    Get Your Sign-Up Bonus Now!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

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