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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.
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.
|Broker’s Name||Minimum Deposit||Deposit Bonus||Maximum Gain||Minimum Position||Regulation||More Info|
|$250||50%||85%||$20||CySEC||Visit site||$5||30%||None||None||None||Visit site||$200||None||81-85%||$5||CySEC||Visit site|
|5||$1000||Up to 100%||86%||$250||None
Binary Options Brokers Reviews
For those looking to trade something familiar and exciting from the comfort of their home, Stockpair may be the perfect broker. Stockpair was founded in 2020 and is regulated by IFSC out of Cyprus. Much like Forex trading which pits one currency against another, Stockpair allows traders to trade binary options or stock pairs against each other on straightforward, technologically advanced binary and stock option platforms. There are some generous bonuses at Stockpair that are worth checking out.
Ayrex is a binary option broker established in 2020 and operated by Advanced Binary Technologies Ltd. Its main office is located in St. Kitts and Nevis. Ayrex believes that simplicity is the way to go and they have built their website to make it as easy to navigate as possible. This simplicity is extended to the trading platform which has a user-friendly interface with simple Call and Put buttons, ultra-fast trade execution, flexible trading, and a wide variety of trading tools.
10Trade is a binary options brokerage owned by Holiway Investments Limited. Holiway was one of the first companies to offer its clients a fully licensed and registered binary options program with regulation by the Cyprus Securities and Exchange Commission (CySEC). Its customer support is responsive 24/7 via Chat, email or toll free phone numbers and representative are around to provide personal guidance for every trader. Both support and the platform are available in 11 languages.
Option500 is a binary option broker domiciled in London, U.K. offering traders the opportunity to trade currencies, stocks, commodities, indices and pairs. Option500 has offices in several locations and offers customer service 24/7. It opened its doors in 2020 and has already received several awards for outstanding service. The layout of Option500 is clean, informative and easy to understand. The tools, resources, charts and asset listings are of good quality and high standard and are conveniently located on the site. There is quite a lot of educational material with a wide variety of videos and a Trading Academy for holders of the Pro account.
Boss Capital is a relative newcomer to the binary options market but it has already become a leader in a very short time. Domiciled in the United Kingdom, Boss Capital maintains satellite offices in close to thirty different countries across the globe. They offer over 200 assets for trading including binary options on commodity futures such as Platinum, Gold, Silver, Corn, Coffee and sugar and is one of the few binary options brokers that offer boundary options which are great for trading economic releases.
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Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.
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вњ… This Trading Platform is available in United States
No matter how the fate of the well-known, practically all over the world broker Binary.com, would exist, it will go down in history forever, as one of the first companies that offered its clients to carry out transactions with binary options. The company under consideration belongs to the Binary Group Ltd group of companies, and its offices are located in Japan, Malta and Malaysia, and there are more than 6 thousand branches of the broker operating throughout the world.
Binary.com is primarily a simple way to start trading binary options 24/7. This broker is the most titled of all platforms selling binary options. Here even inexperienced novice players are invited to take part in the training of professional trade in the “Academy of Binary”. Binary.com is truly a unique platform developing its own innovative products, while most such brokers use software and quotations from third-party suppliers. Also, Binary is one of the leaders on the terms of trade, financial instruments and services provided.
Main trade figures and characteristics of Binary.com
Every trader, regardless of experience, set goals or the amount of money that he is willing to invest in operations in the global financial market, before registering an account on the trading platform, must carefully study it. In this case, the broker in question has the following characteristics:
Trading platform – binary.com
The minimum deposit is $ 5
The minimum transaction amount is $ 1
Profitability – from 70% to 1000%
Free Demo Account – YES
Account replenishment methods – Money / bank transfer, credit / debit card (Visa, Mastercard, Union Pay), e-currency (E-Cash, Skrill, OK Pay, WebMoney, Yandex Money, CashU, QIWI)
Assets – 179 (currency pairs, commodities, Random indices, sector indices, shares)
Return on unprofitable transactions – NO
Types of options – increase / fall, higher / lower, inside / outside, touch / no touch
Applications – Mobile, for tablets
Expiration time – 10 sec. – 365 days.
Provided affiliate program.
Deposit / withdrawal of funds
What can a Binary.com user count on?
Trading on the Binary.com platform allows customers to receive a percentage of the profit equal to the percentage of traders from the interbank market. A policy Binary.com is a job without any hidden fees and fees. The advantageous feature of the trading platform Binary is a unique option – “fixed odds”. In other words, Binary gives the opportunity to set a market price and notifies the trader about the price at which the return will be calculated. This, in essence, allows the trader to choose his profit. Binary from time to time organizes the shares with a maximum bonus of 100% of the deposit amount.
Binary is not just a trading platform, it’s a developer of innovative products that other brokers use! The reliability of this broker is checked by reliable work lasting 17 years. Binary.com is an innovator in the field of binary options. Binary.com is a combination of an innovative trading platform, a wide choice of trading tools and ways of trading. Choosing a Binary trader will automatically cooperate with a professional broker company that conducts transparent activities regulated by international law.
Binary, in fact, unlike many brokers, offers only virtual and real accounts:
в—Џ Providing access to a demo account with a $ 10,000 start deposit (virtual cash)
вЂњReal accountвЂќ – from 5$
в—Џ Receiving a bonus of $ 20
“Talking about the ways of trading binary options, Binary.com shows its superiority here too, offering:” rise / fall “(the expiry date of contracts is 1 minute – several months),” above / below “(the barrier is determined by which the trader predicts the movement value of the asset), “inside / outside” (a good way to predict the range of price movement), “touch / no touch” (the possibility of predicting whether the price touches the set level or not), “designer” (a unique way to create and develop your own strategy).
When replenishing a trade deposit, a trader is asked to choose between US dollars, euros and pounds sterling. At the same time, the minimum amount of replenishment is only 5 currency units, or maximum – in the exchange of 150,000. Withdrawal of funds to all listed payment systems only after verification of the user account. However, the bank transfer takes about 5-7 days. Therefore, the advantage should be given to the electronic type of withdrawing money, because such a process will be implemented in a matter of minutes, unlike long-term bank transfers in 3 days.
Security and Customer Training Binary.com
Extensive experience in the financial services market (companies will soon turn 20 years old!), The presence of controlling organizations, as well as the use of their own software products are convincing evidence of the reliability of a broker. But that’s not all. Funds of users of the trading platform are stored on independent accounts in well-known banks, which makes it possible at any time to leave the broker without fear that his deposit will вЂњhangвЂќ somewhere or be lost.
Presence of own trading platform
Possibility of using the Demo account
Intuitive interface (important for novice traders)
Presence of a mode “Designer”
Excellent reaction to trade orders
No slippage on requests
A wide range of trading instruments and options
Extensive set of transaction completion time slots
When planning to work on the presented trading floor, do not forget that the size of your future income depends entirely on you!
вЂњGeneral Risk Warning: Binary options and cryptocurrency trading carry a high level of risk and can result in the loss of all your fundsвЂќ
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