Best Top Binary Options Brokers 2020

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!

TOP Binary Options Brokers in 2020

The importance of choosing the right broker to trade binary options cannot be stressed too much. Traders have to take extra care while choosing an online trading platform or online binary options broker because there are too many fraud or scam brokers in the industry.

Binary options traders have to be prepared to spend several days in just researching various trading platforms. They should be smart enough not just to win trades, but also choose the right broker to trade with so that they can rest assured that they can withdraw their profits without hassles.

Comparing Brokers and Platforms

Before registering for the services of any binary broker or online trading platform, you must invest some time and energy in comparing various platforms and brokers. We have created the following check list to help you in this task.

    Minimum Deposit – Compare the minimum amount that traders must deposit at several binary brokers. The minimum deposit amount can be as little as $5 to as much as $250. Licensing Information – Find out about the authorities that have licensed various online trading platforms. Demo Accounts – Do the online brokers allow traders to open demo accounts? Are the demo accounts available for a life time or only for a limited period of time? Free Signals – Does the online trading platform offer any free signals? Or do traders have to subscribe to the signals? Mobile Trading – Can you trade on the move or should you rely on your desktop computer? Mobile Trading Apps – Do you have to download any mobile trading app or can you trade on your browser? First Deposit Bonus – What are the terms and conditions of the bonuses offered by various online trading platforms? Trading Tools – What kind of trading tools do various brokers offer? Asset Classes – Check the asset lists of various trading platforms. Can you trade on cryptocurrencies, currency pairs, Forex, stocks, and indices? Customer Support – Don’t hesitate to contact the customer care representatives just to test their promptness, courteousness, and helpfulness.

5 Tips to Choose a Binary Options Broker

Once you have learned to compare a variety of online trading services, you can sign up at one or several of them.

Here are five tips to help you:

Tip #1: The Deposit Bonus

Everybody loves bonuses, but not all brokers offer them. In fact, very few brokers offer generous bonuses with reasonable terms and conditions. For this reason, you should compare the bonus offers at multiple online brokering services. In most cases, the minimum deposit will be lower when the bonus is bigger. In some cases, the broker may allow traders to deposit a very small amount, but not offer a bonus.

If you are a beginner, you must sign up at a broker with a low minimum deposit. It not only minimizes the risks of trading, but also gives you the time and the opportunity to learn about trading and get comfortable with the online trading platform.

Also, don’t make the mistake of taking a bonus at face value. Bonuses are always associated with terms and conditions. You must read and understand these terms before claiming the bonus.

Tip #2: Assets and Trading Instruments

Which asset would you like to invest in? There is no sense in signing up at a platform that doesn’t offer the asset that interests you. For this reason, you should always check the broker’s index of assets.

You should also check the list of trading instruments. Brokers usually offer options such as boundary, touch/no touch, and call/put, but you can also find unusual options such as kiko, range, and pairs.

Tip #3: The Terms and Conditions

Never sign up at a binary options broker without first reading and understanding its terms and conditions page. Undoubtedly, reading the terms and conditions page is an unsavory experience as it is long, complicated, and boring. But you still need to understand what is in the fine print as it truly matters when you start trading on the platform. You should especially read the part that deals with making deposits and withdrawals and check for fees charged and restrictions.

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!

Tip #4: The Customer Support

Avoid registering for the services of an online brokering service that doesn’t offer adequate customer support. Ideally, customer support must be available 24 hours a day and seven days per week through email, phone, and live chat. The online trading site must also mention its physical address clearly. Test the customer support service by calling them up or sending them an email just to test the promptness of the response and the courteousness of the customer care agents.

Tip #5: Industry Experience

The trustworthiness of an online trading platform increases with its number of years in service. Spend some time studying the history of an online broker. Try to identify the date of establishment. New services may vanish after a few days with its customers’ deposits, but a company that has been in business for several years is least likely to do so. You may also notice that new brokers offer bigger first deposit bonuses to lure customers while the established ones don’t.

A Word on Regulation and Why It Matters

Trading binary options is legal in several countries such as the US, the UK, Australia, New Zealand, Cyprus, Japan, and Malta. You can safely and legally trade as long as your broker is licensed and regulated for the following reasons:

    Licensing bodies oversee the activities of online trading services. They work in the best interests of traders. Through their regulatory frameworks, they protect traders and ensure that they get fair market prices. They also ensure that brokers do not delay in paying out traders’ profits. They require brokering companies to maintain trader deposits separately from operational funds so that traders can get a refund in case the company shuts down. They protect traders from fraud on the part of binary brokers.

If you trade at a licensed online trading service, your best interests are taken care of.

Your funds and personal information are protected. You can rest assured of quick payouts and refunds in case the company goes out of service. You can also expect quick and impartial resolution of your disputes with the broker.

Here is a list of licensing bodies in various countries:

    The US has strict financial laws. It has two regulatory bodies to oversee its trading market—the US Securities and Exchange (SEC) and the US Commodity Futures Trading Commission (CFTC). In the UK, online brokers can be trusted if they operate under a license granted by an authority that the UK Financial Conduct Authority (FCA) trusts. In Australia, online trading is regulated by the Australian Securities and Investments Commissions (ASIC). In New Zealand, the regulatory body is the Financial Markets Authority (FMA). Japan has two regulatory agencies, the Financial Services Agency (FSA) and the Securities and Exchange Surveillance Commission (SESC). The Cyprus Securities and Exchanges Commission (CySec) has licensed some of the finest online trading services in the industry. Malta has also legalized financial trading and grants licenses through the Maltese Financial Services Authority (MFSA).

Even if you reside in a grey jurisdiction, you may safely and securely trade at online trading services that have received a license in Malta or Cyprus.

TOP 3 Regulated Binary Brokers in 2020

We have identified the following as the top three regulated binary brokers in 2020:

IQ Option

Launched in 2020, IQ Option has been growing very fast, winning a number of industry awards in the process. Its portfolio includes digital options trading, stock trading, ETF trading, and Forex trading. IQ Option is home to over 25 million traders. It offers a variety of trading tools and runs a blog to keep its customers updated on the latest happenings in the financial industry.

Binary.com

Is an award-winning online broker who allows trading in all major indices, commodities, and currencies. So far, it has handled trades worth over two billion dollars. Successful traders at Binary.com can withdraw their profits in the range of $1 to $50,000. Launched in 2000, Binary.com caters to traders from several parts of the world. It operates under a license granted in the British Isles and in Malta. The major selling points of the trading platform are excellent customer support, a user-friendly interface, and patented pricing technology.

24 Option

24Option is a web-based online trading platform that is very easy to navigate and use. Registered traders can choose from a wide range of assets to trade on. They can download native apps for Android and iOS to trade on the move. The company also offers the MT4 platform, which delivers a better trading experience. Customer service is available through live chat, phone and email.

The above-mentioned are just brief overviews. You can read exhaustive reviews of these binary brokers on our website before registering an account at these services.

Should You Use Multiple Brokers?

The concept of trading with multiple brokers is new, but fast gaining popularity. The advantages of registering for the services of multiple online trading platforms are many.

    Protect Your Investment – When you use the services of multiple brokers, you can reduce risks by spreading out your investments. You don’t have to risk all your money with one broker. If your experience with one broker is bad, you can always expect a better experience with the other broker. Get the Best Deals – Different brokers offer different features and deals. Two brokers may offer a different set of investment options. If you sign up at multiple brokers, you can enjoy the benefits of multiple deals. Also, you can avail of several investment options.

Signing up at multiple brokers, therefore, is one of the best trading strategies a serious trader can use.

Top Awarded Binary Options Brokers 2020

To become a binary options trader you need to register with a binary options broker. It is important that you choose a broker offering a quality trading platform. Any beginner or experienced binary options trader should always have an opportunity of comparing various brokers to be able to choose the one that suits their needs best.

Broker Review
1 OptionBit

* Forex Awards accepts no liability for any errors in the information or trading conditions. For the most recent information please visit the binary broker’s site.

Top Awarded Forex Brokers 2020

Forex Brokers award list is a long-time running, well-reputed catalog featuring the most prominent forex companies

Forex Broker Review Year Status Type Regulation US traders
8 FxPro 89 2006 Broker, ECN, STP CySEC, FCA, FSB
9 NordFX 86 2008 NDD, STP, ECN VFSC, CySEC, SEBI
10 USG 83 2006 Broker ASIC, FCA
11 HotForex 81 2020 Broker CySEC, FSC, FSB, FCA, BaFin
12 OctaFX 68 2020 Broker FCA UK

Previous Years Forex Awards Announced Winners

Top 10 Forex Awards Nominations 2020

13 Best Forex Broker 2020
14 Best Execution Broker 2020
15 Best Forex Expo 2020
16 Best Cryptocurrency and Forex Broker 2020
17 Best Crypto Currencies Stock Exchange 2020
18 Best Gambling Expo 2020
19 Best Micro Forex Broker 2020
20 Best Crypto Broker Asia 2020
21 Best Trading Platform 2020
22 Best Crypto Trading Mobile App 2020

Forex Market Daily

Top Forex Nominations

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Best Binary Option Brokers 2020 – Top5

Online binary options traders will agree that choosing the right broker is one of the important things you can do to increase chances of succeeding as a trader.

There are hundreds of brokers to choose among. However, finding the best options broker will require you take into account various factors.

These include considering things like whether they’re fully regulated, payment methods accepted, financial instruments on offer and minimum trading amounts among others.

But sifting through dozens of brokers to find the right one for you could require several days of online research. To allow you to cut down on this time, we’ve created this detailed review.

10 of the best binary options brokers operating online today.

Each broker was selected based on several criteria. These include:
    Popularity among online traders Countries where they are popular Regulatory bodies Tradable financial instruments on offer Accepted payment methods Whether they have a binary options demo account Trader friendliness Deposits, effective returns and withdrawals . and many more

You can also click on a specific broker to read a more comprehensive review of the broker.

So here it goes.

Olymp Trade

This is one of the new entrants in the binary options market. Launched in 2020, Olymp Trade has its headquarters in Russia.

This options broker is regulated by the Financial Markets Relations Resolution Center (FMRRC). They’re also a member of the International Financial Commission (FinaCom).

Getting started with Olymp Trade is easy because the broker offers a demo trading account with RUB 10,000 virtual cash. The broker accepts payments made via wire transfer, credit card and eWallets like Skrill.

If you decide to join this broker, you will need to choose between a Standard Account and a VIP account. For the Standard Account, you’ll only need to make a minimum deposit of $10.

For a VIP Account, you’ll need at least $2000. The minimum you can invest in a single trade is $1 and you can earn an effective return of up to 90%.

Each trade can run for as long as 1 hour and losing trades can be exited at any time to minimize losses. Their list of tradable assets is currently under 20.

Withdrawals are processed fast and will usually reflect on your account within 5 days. Currently, Olymp Trade is most popular in the following countries: the Russian Federation, Thailand, Brazil, Indonesia and Turkey.

IQ Option

We consider this as one of the top binary options brokers for a number of reasons. One is that they are fully regulated by CySEC and offer their services to traders from many countries across the globe.
IQ Option was founded in 2020 and is headquartered in Cyprus.

This broker’s platform is well designed and can be accessed via browser or app.
Their platform also includes dozens of different charts, indicators and other trader friendly features.

One of their strong points is the high effective returns earned per trade. You can actually earn up to 95% on successful trades. Another cool thing about this broker is the over 10 million different assets you can choose from.

If you wish to try out their platform, you can open a binary options demo account before trying out a real account. The demo account comes credited with $10000 virtual cash.

Opening a real account will require as little as $10. You can make your deposit via wire transfer, credit/debit card, Skrill and other eWallets.

Withdrawals can be made via these payment methods. Each withdrawals request is processed within 24 hours.

IQ option accepts almost every nationality but some of the countries where IQ Option is the most popular are the Russian Federation, Italy, India, Brazil and Thailand.

Broker Rating Full Review Demo

Ayrex

Several things make Ayrex among the best binary trading sites. Launched in 2020, this is one of the few brokers that are currently unregulated (although they claim to be working to get CySEC regulation).

You can enter into a trade position using as little as $1. Trades can last as long as 24 hours.

One of the reasons we chose to include Ayrex in this binary options broker review is their unique and custom trading platform.

The underlying software is extremely fast. This is quite important since the broker offers trade expiry times of as little as 30 seconds.

They also offer a neat demo account with $1000 virtual cash. One thing that stands out about this demo account is that you can actually increase the amount in your demo account in $1000 increments.

Opening a real cash account is also quite simple. The broker accepts several payment methods including wire transfer, credit card, Skrill and Neteller.

The minimum amount you need to open a real cash account is $5. Successful trades will earn as much as 83% effective return. Your withdrawals will be processed within 24 hours.

Ayrex currently offers over 50 financial instruments. Their client base is pooled from countries like South Africa, India, Indonesia, the UK and Malaysia.

Broker Rating Full Review Demo

ExpertOption

This is one of the new entrants in the regulated binary options brokers industry. ExpertOption was founded in 2020 and is regulated by the Financial Markets Regulations Center (FMRRC) and the Vanuatu Financial Services Commission (VFSC).

ExpertOption offers a modern, well-designed platform that’s powered by the broker’s own custom software.

The platform is quite fast and accessible via a web browser or mobile app. Being a new broker, their assets list is quite limited (currently just

However, the list includes cryptocurrencies which many traders are finding attractive.
You can start trading on the ExpertOption platform using their demo account which comes credited with $10000 virtual cash.

To open a real trading account, you’ll need to deposit anywhere between $50 and $5000.

There are 5 different account types each offering several trader friendly features. Every new account can attract a bonus of up to 125% which is quite high.

The ExpertOption platform accepts over 20 different payment methods including wire transfer, credit cards, Skrill and WebMoney.

Depending on your account type, you can enter a position with as little as $1 and as high as $5000. Each successful trade will attract an effective return of up to 96%.

One feature we particularly like about this broker is how fast withdrawals are processed. Depending on your account type, you can have withdrawals processed within as little as 48 hours.
You can also withdraw as little as $10.

Currently, ExpertOption is popular by traders from India, the United States, South Africa, Indonesia and Thailand.

RATING BROKERS BINARY OPTIONS AND CFD

If you got to this page, it means you’re interested in making fast and stable money online. Our website gathers information about an innovative way to multiply money – trading binary options, trading CFD contracts, and shows rating of the best CFD brokers and binary options brokers of 2020.

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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Broker Rating Full Review Demo