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Top Platforms for Binary Options Trading
By Markus Silvester – February 5, 2020 12:27 pm
Binary options are often considered to be among the most technically advanced types of financial trading. That is not surprising, as binary options are extremely dynamic – just one second, and trader may miss the opportunity to place a trade, especially when it comes to short-term options.
Still, many traders don’t understand the technical aspect of binary options trading. Yes, all brokers have their websites, but often, the platform where the trade is being placed or market analyzed is provided by another source. There are special platform providers who create trading platforms for brokers. Sometimes brokers decide to develop their own platforms and design them according to the profile of their trader. To an inexperienced eye, all platforms may look the same, but every has its own features that make it special.
In this article we will introduce readers to top platforms for binary option trading.
SpotOption Platform for Binary Option Trading
SpotOption is considered to be a market leader when it comes to platforms for binary options trading. Established in 2020, SpotOption today provides its services to over 250 brands and helps execute 500,000 trades a day. SpotOption takes great pride in providing platform to some of the most respectable brokers on the market. Broker that operate on this platform are:
SpotOption managed to set new standards for binary trading industry. This platform is quick, reliable and constantly upgraded to provide better trading experience. But, one of the main reasons why traders love this platform is that it’s really easy to use and provides good overview over trading process. Brokers love it because it provides endless possibilities for customization according to brand, as well as mobile version.
Features and Tools
Modern trader is no longer happy with mere trading, and SpotOption understands that. For this reason, they created many additional features and tools that provide even better trading experience as they enable traders to approach binary options in completely different way.
SpotOption platform provider has a great selection of additional tools in their portfolio.
- Option Builder – this function enables traders to create their own option. For example, they can choose asset, expiry time, and risk level in order to trade the way they want it. Such personalized trades are becoming more and more popular.
- RollOver & DoubleUp – those are the two features for maximizing profit. Rollover enables trader to delay expiry time, and DoubleUp helps them recreate the same option in other conditions.
- Sell – this feature is great when trader realizes he is going to lose. This way he can get the part of the investment back.
- SpotFollow (iFollow) – feature that provides social trading and copying trades from more experienced traders.
More on social trading can be found here.
- TradeOn – a feature that provides trading on weekends as well.
Besides these tools, SpotOption platform supports many popular option types like ladders, one touch, 60 seconds and pairs.
TechFinancials Platform for Binary Options Trading
TechFinancials was established in the very beginning of binary options industry – in 2009, which makes it one of the oldest binary platform providers. Nowadays, many brokers prefer TechFinancials over other providers as they managed to provide great service continuously through the past years. Many years of experience give a great feeling of security to traders.
Some of the brokers that have TechFinancials platform are:
The Best Binary Options Broker 2020!
Perfect For Beginners and Middle-Leveled Traders!
Free Demo Account.
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Recommended Only For Experienced Traders!
TechFinancials is one of the leaders on the market, and both traders and broker alike love this platform for its most accurate and reliable pricing. It is not odd that people enter the binary industry in order to make some extra money, so proper pricing is considered to be among top concerns of many traders. TechFinancials created a platform that can be counted on, and it executes around 100,000 trades every day.
Features & Tools
In order to help traders make most of their investments, TechFinancials developed a number of tools that can be used in order to maximize the profit. One of the main reasons traders love TechFinancials is that it has a large graph integrated into the platform so that traders can follow market movements without much fuss.
Binary options that are offered by this provider are ladders, high/low, touch/no touch, and boundary. It provides a great mobile app for smartphones as well. There are also fixed price options, that provide a completely new way of trading.
Learn more about fixed prices here.
Traders who want to trade forex as well will be happy to know that TechFinancials unifies both types of trading on one platform.
Tradologic Platform for Binary Options Trading
Tradologic is a platform provider established in 2008. It is based in Bulgaria but has branches in UK, Cyprus, Israel, Russia, Shanghai, Hong Kong, Singapore, Philippines, and Japan. It employs over 200 people and is always updating its portfolio to provide safe trading experience.
Among the brokers that have Tradologic platform are:
Broker love Tradologic as it enables complete customization of the trading interface so it suits the brand, and traders love it for many useful tools and features. The trading platform is lightweight and web-based, but besides web platform, there is also a mobile version that is becoming increasingly popular among traders.
Features & Tools
How to make trading even better and more successful? Tradologic knows that answer is in tools and features that must accompany basic trading on the platforms. When it comes to options, Traders can place trades as high/low, one touch/no touch, range, binary 100, touch up/touch down, turbo, multix, matrix. Some of these options are not available on other platforms and are proof of Tradologic’s innovational spirit.
When it comes to tools, there is plenty of them.
- Close – closing option before expiration.
- Extend – extends the trading time
- Double – increasing the investment and possible profit.
- Insurance – special policy that covers unsuccessful trades.
- Re-Strike – enables changing the strike rate on an open position.
- Auto-trading – automated type of trading that trades options in a row.
- Knock-In – pending order that begins to function as a normal option only once a certain price level is reached before expiration.
- Leverage – users trade binary options on margin in order to increase the potential payout.
- Trade 24/7 – enables trading during the entire week.
Tradologic also provides various tournaments and challenges, signals and advanced charts, as well as widgets that provide trader great overview over their statistics and trading.
TradeSmarter Platform for Binary Options Trading
TradeSmarter was founded in 2008. They managed to find a new approach to online trading and were first platform provider that offers service of help with registration. Nowadays, both brokers and traders are aware of importance of registration, but back in 2009, the situation was quite different.
TradeSmarter platform provides a complete solution for binary trading. It offers various expiry times, many assets, advanced options, exotic options, various indicators and bonus management.
Features and Tools
TradeSmarter developed a great number of interesting features that can help traders to enjoy binary trading even more. The platform provides advanced chart analysis that is necessary for responsible trading. It offers social trading as well, a new trend in binary options that allows traders to copy trades of more experienced traders.
In addition to that, there are also other tools and features.
- Quick search – locating assets or related assets.
- Custom Dashboard – enables traders to make list of their favorite assets.
- Sentiment Indicator – shows current call/put ratio for every asset
- Sell Back – selling an option that doesn’t seem profitable for the trader
- DoubleUp – increasing the investment on selected option.
- Social Radar – enables traders to follow and copy cussessful traders. More about it here.
Panda Platform for Binary Options Trading
Panda TS was founded in 2007, with a goal to provide advanced solutions for online trading. They provide a great selection of trading tools and web technologies that are ‘must-haves’ for modern traders. Panda is oriented on creating a great trading environment for both traders and brokers. Traders will benefit mostly from their iPhone platform and desktop trading interface while brokers can enjoy even more benefits.
The desktop platform is based on Adobe Flash Player software and doesn’t require any downloads or additional plug-ins.
Features & Tools
Brokers with Panda platform provide all the usual assets: commodities, currencies, indices and stocks. Traders can also choose between all most popular expiry times, and trade popular options types like: High/Low, Touch and Range Options. There are also Hyper options available, that are basically 60 seconds options, also known as Turbo options.
Besides that, traders can also use all operating systems like Linux, Windows and Macintosh and even use the Follow feature.
Follow feature is used for social trading, and following the most successful traders in order to copy their trades. Users can set their preferences like who they want to follow, for how long, how much do they want to invest in every trader and maximum investment amount.
HelloMarkets Platform for Binary Options Trading
HelloMarkets is platform provider based in Cyprus, EU, with offices in Hong Kong and London. They not only provide the platforms for various types of online trading, including the binary options but also offer support for the regulating process. At this moment, they cooperate with 110 brokers from various industries of online trading.
It is interesting that company started as a binary brokerage company, but soon took another direction, rebranded itself and became a platform provider. The experience in binary trading surely helps them to understand the needs of both brokers and traders.
Features & Tools
HelloMarkets enables trading on all popular devices: personal computers, tablets, and smartphones. The platform is equipped with various risk management tools and many trading options that make the entire process of trading more fun, but also user-friendly.
Traders can trade High/Low, One Touch, and Turbo Options. Hello Markets also created consecutive Bet trading, where trader places a number of trades in certain time frame. As the trades are placed, the payout amount is being adjusted until the time has expired.
Besides that, there are also tools and features listed below.
- Social trading – for following the trades of the most successful traders
- Option Builder – enables traders to create their own trades
- Signals – instructions on what trade should be placed in certain moment
- Automated trading – for 24/7 automated trading experience
The platform is extensively working on providing more security for both traders and brokers when it comes to depositing and withdrawing money. The company developed Security token that prevents hackers and previous employees from entering the private data stored on the servers.
Leverate Platform for Binary Options Trading
One of the popular platforms among brokers is also Leverate. Leverate received many awards and is considered to be among the new players who are taking binary market by the swept. They have offices in Limassol, Tel Aviv, Berlin, Hong Kong, Kiev, and Shanghai.
Their Bx8 platform is often considered to be one of the most technically advanced and reliable platforms in the entire binary industry. Leverate put great effort to create a trading platform that provides good overview in every moment, but is also safe and reliable for traders.
Features & Tools
Like all other platform providers, Leverate also offers a number of options to be traded, but their number is not as high as with some other platform provider. There are High/Low, 60 seconds and OneClick options. OneClick are options that can be placed fast, with just a single click.
There is also a feature that enables traders to close the trade earlier, which is a great risk management tool. Leverate also has demo accounts available but is up to broker whether they’ll include them or not.
OSystems Platform for Binary Options Trading
OSystems is a binary trading platform provider that claims to have a completely different approach towards trading. They take great pride in their team of experts, but also in constant support of fresh and innovative ideas that can improve the binary trading experience. O-Systems state that they provide better value and complete satisfaction for all traders. One of the brokers that uses OSystems platform is MarketsKing.
OSystems platform is administrated by professionals and regularly updated in order to provide the most for both brokers and traders. There are many tools, features, and additions that will improve the binary trading process.
Tools and Features
OSystems joined the binary trading fever a little bit later, which means that they had the opportunity to learn from their competition. This resulted in the amazing platform with plentiful of useful tools that can be used for both trading and analysis.
The useful features and tools are as follows
- Social Trading – enables traders to follow the most successful colleagues and copy their trades
- Buy More Time – extends the expiration time for 10, 20 or 30 minutes
- Limit Order – allows trader to “order” trades or open positions automatically when the price level of the selected asset reaches the required price
- Smart Feed – provides the latest prices in a precise manner in real time
The bad side of OSystems is the fact that they don’t provide many binary options types, and are limited to high-low trading combined with various expiry times.
OSystems recently created O-Freemium, a new type of platform that is providing free services for all traders, and extra features for paying traders, with a focus on further automatization. Customers who enter the broker’s landing page are directed to open real trading accounts with free $35 waiting for them. This motivates the trader to strat trading as soon as possible and trade with success, as there are notifications that direct them towards the right assets according to the latest news. Also, there are notifications about additional tools and features that require payment.
BinaryStation Platform for Binary Options Trading
BinaryStation is binary trading platform launched in 2020, that takes quite an innovative approach in binary trading. They claim to have an innovative and unique approach towards business modeling and platform developing. They also introduced some additional benefits that can be very beneficial for binary brokers, like no revenue sharing and one-time fee that enables brokers to modify and host their platform as they wish.
What is interesting is that BinaryStation is US based company in the ownership of Binaryware LLC. However, the fact that it is based in the US is mentioned only on the homepage, and no additional information on that subject can be found.
Features & Tools
In order to attract as many traders as possible, BinaryStation created an interesting trading interface that is very similar to that of SpotOption. It provides a good overview of trades and market conditions. This platform is multilingual, which helps brokers and traders from different markets.
- Diverse range of trading instruments
- Call/put, range, touch options
- Option builder for options customization
- Support of different time zones
- Supports both binary and Forex trading
- Demo account for traders
- Mobile version available
BinaryStation can be completely standalone or integrated with other trading platforms which are unique on the market. It is completely web-based and requires no download that may slow down your device (laptop, personal computer, tablet or smartphone). Of course, brokers can select which features they want to support and integrate for their traders.
Hirose Lion Binary – Pro Platform for Binary Options Trading
Lion Binary – Pro is a completely new trading platform by a company called Hirose. As t is fairly new on the market (it was revealed in April 2020). Hirose claims that the entire platform was created based on the users’ feedback, so it should be easy to operate and use, even for beginners.
As it is a fairly new trading solution, it can be expected that it will take some time for it to be established in the binary market.
Features & Tools
Lion Binary – Pro platform is equipped with many interesting features that will make trading more interesting. For example, traders can use three types of charts like candles, line, and heikin that is the most popular chart type in Japan at the moment.
There are also 6 trading tools waiting to be used:
- Simple moving average
- Bollinger Bands
- Stochastic Oscillator
All tools are compatible and easy to use no matter what chart type trader displays. This makes technical analysis even easier than before. Traders can also take advantage of ‘early close’ option and close the trade as they like it, but also display the interface in pop-up form and filter the assets and trades as they like.
TraderSoft Platform for Binary Options Trading
TraderSoft is an interesting trading platform created for financial services, including binary options. It was established in 2020, and ever since provides interesting trading solutions, but also software support, data management, and business intelligence.
TraderSoft takes great pride in their user-oriented approach that offers intuitive trading solutions and tools. One of the brokers that is using this platform is BinaryBrokerz.
Features and Tools
TraderSoft created an interesting portfolio full of useful and interesting tools for both traders and brokers. As FBO is user-oriented website, we decided to list only tools and features that traders might find useful.
Some of the features available with this platform are:
- Web and mobile trading
- 400 trading assets
- High/low, quick options, range and one touch options
- Fast and precise execution
- Professional charts
- Economic calendar
- Price alerts
- Social trading
It is important to accentuate that some of these features may not be available with all brokers using TraderSoft platform. It is really up to the broker which tools and features they want to offer in their portfolio.
With all those amazing platforms available on the market, one must wonder why there are still brokers who prefer proprietary platforms. The answer is simple: no matter how many adjustments can be made by the platform provider, the only way to a really have unique platform that suits your needs is to develop one by yourself. It takes much more effort to create something from scratch, but broker with proprietary platforms are completely independent.
FBO selected two brokers with amazing proprietary platforms that can compete with other platforms any time of day.
iqoption Platform for Binary Options Trading
iqoption is a popular binary broker thanks to their low deposit requirements and trades that start at $1. This broker created a great reputation in very short time, partially thanks to their proprietary platform that is regularly updated. The last improvements were published in December 2020, which made this broker even more competitive.
The platform is really easy to use and it even has a demo version for traders who never traded binary options before, or who are just getting to know the broker. Both demo and real platform are equipped with many tools that can help traders make the right decision. MA, Bollinger bands, Alligator, RSI, MACD, Parabolic SAR, Stochastic and Awesome oscillator are all integrated.
All tools for successful analysis are placed on the left side of trading platform. Traders can select the chart type, and play with many technical indicators in order to achieve the best results. Demo account with $100 of virtual money, is a great way to test all the strategies before making a real investment. The platform is available in mobile version, as well.
More on trading with iqoption find here.
StockPair Platform for Binary Options Trading (Closed 2020)
StockPair is a broker regulated by CySEC that has received many awards in the past, including the FBO awards for best banking and best support. Their proprietary is getting better with every update, as this broker always has an innovative approach to binary trading. They created their own Kiko options in which traders can predict which target, the upper or lower, will the asset hit first.
That approach is also seen in their platform that provides a great overview over the trades placed and enables easy management of trading. Traders can choose among fixed and floating pairs, but also use many risk management tools to optimize their results.
The platform is completely web-based and doesn’t require any download. StockPair team also developed apps for mobile trading to provide even better service to all traders. In addition to the trading platform, there are also many educational articles and videos available as well.
Is Good Platform Sign of a Good Broker?
All platforms listed above can be considered reliable, safe and technically advanced, but, are all brokers who run on those platforms reliable and safe as well?
Unfortunately, the answer is – no. Platform providers are in every day completely separated from brokers who use their services. The good platform provider is no guarantee of a good broker, just like a proprietary platform is not a sign of bad broker.
But, it is important to remember that good platform can tremendously improve the overall trading experience, especially when it comes to technical aspects of trading. No two traders are alike, so it is difficult to recommend one platform that suits all, as many other factors come into the binary equation. A great platform should be accompanied with a good broker and only then can trader place his trades without concerns for the safety of his funds and personal data.
Binary Options in Australia
The #1 Binary Options Trading Guide for Australian investors. On this website you will find strategies, tips and the best Australian Binary Options broker reviews.
Start trading 100+ stocks, currencies, commodities and indices. You should start by picking one of the trusted brokers at the top of this page.
Where To Start?
- HighLow Review: Highlow is one of the best trading platforms. The company is registered in Australia and they have an Australian ASIC license.
- EasyMarkets Review: One of the best Australian brokers. They don’t offer binary options trading, however you can trade CDFs on forex, commodities, cryptos and indices.
More and more Australians are looking for the best binary options brokers. That’s no wonder, considering the success and ever-growing popularity, that binary options trading has at the moment.
One of the fastest and easiest ways of earning profits is to use binary options trading here in Australia. It is also possible for you to earn bonuses and other great extras.
The best alternatives to binary options brokers are Forex Brokers, CFD Brokers and Bitcoin Brokers.
There are some brokers that are regulated in Australia, while others are regulated in Cyprus, Europe, but they all accept Australian traders. In addition, they even accept all the payment methods preferred by Australian traders.
If you don’t have a trading strategy yet or if you want to try auto-trading then we recommend BinBotPro.
Forex, Cryptocurrency and CFD Trading For Australians
|Name||Min. Deposit||AU License||Features||Review|
|$100||YES||+ ASIC License||FREE ACCOUNT|
What Is Forex Trading?
The best alternative to binary options trading is Forex/CFD/Crypto trading. Forex has been around for longer than binary options, and there are many safe and licensed forex brokers.
The main difference between forex and binary options is that with forex there are no limits to how much money you can make or lose. Of course there are tools to control this (like stop loss). Also you are not limited to any timeframe. You decide when you want to open or close a trade. Forex is more flexible than binary options.
Best Binary Options Robot For Australians
|Name||Min. Deposit||Max Returns||Features||Review|
|AU$250||90%||+ FREE SOFTWARE||FREE ACCOUNT|
What Is A Binary Options Trading Robot?
If you are looking for an automated way to trade binary options, then a trading robot is for you. With these robots, you can trade even when you sleep. Just make the necessary settings in the software and start trading. The BinBotPro software is free, if you sign up through one of their recommended brokers.
Is Binary Options Trading Legal In Australia?
Yes, there are no laws that restrict binary options trading to Australians. Most brokers that we recommend on this website have an ASIC license, which means that they have an official license in Australia. Most of these brokers have their headquarters in Australia. Take a look and compare all licensed binary options brokers and pick one that you think suits you most. Make sure you sign up with one of the top binary trading sites for Australians.
We recommend that you pick a broker with an Australian Securities & Investments Commission (ASIC) license. This way to can make sure that your funds are safe.
Binary Options Trading for Australians
We will show you how to get started with binary options trading. After you have picked a broker, registered and logged in, a drop down menu will appear on the screen as follows:
- Select an asset and time of expiry for your binary option.
- Click on assets and a list will appear with their expiry time.
- Once you have analyzed the information, press the select on your chosen asset.
- Next you need to choose either Call or Put option. When you have done this, a current price will appear on the screen. It will also show you the expected payout on your investment letting you see how much profit or loss is involved.
- Put in the amount of cash you want to invest. You can base this on the amount of money you will make if the option expires in the money.
- When the time has expired you will see n the screen the price of the asset. You will then be able to see if you have made or lost money. If you have predicted correctly and your binary option expired in the money you will get the money projected in the initial investment. If you have predicted wrongly, and you end up out of the money, many of the brokers in binary options trading Australia will refund 15 per cent of the money you invested.
Recommended Australia Binary Option Brokers
Online binary options brokers make it simple for you. These types of brokers are not middlemen in that there is no bargaining with them and they are not paid any commissions. In Australia, they also call them binary options trading platforms. These brokers are well set up in the financial markets and their support is usually very friendly and responsive. Everything is made easy for you as there are no agents to deal with making it a good investment option.
Trading options in your country is as easy as signing up and depositing with your favorite payment method. Most binary options brokers accept all credit and debit cards, bank wire and skrill, but you can find our more about the best binary options brokers that accept all payment methods.
The first step is to register and in no time you will be an investor on an online brokerage, but before starting to trade it is worth your while to read the training guides. There is no registration fees required from the majority of brokers. You do, however, need to open an account at the time of registration and make an initial deposit. Once this is done, you are ready to start investing.
You are now trade in binary options trading Australia from anywhere as long as you have an internet connection. Enter the site of your broker and immediately begin to deal electronically.
Best Binary Options Broker In Australia
HighLow is the most popular and trusted Australian binary options broker. All traders get a special welcome bonus. This broker offers a huge variety of payment methods and their support team is top notch. > Find out more
Other Good Binary Options Brokers Australia
VantageFX is one of the best AU binary options brokers, because it is actually based in Australia. You can’t go wrong with this company, because it is considered to be the safest choice. The minimum deposit is only $100 for a limited time. > Find out more
Binary Options Trading Australia
Binary options is a completely electronic or digital method of trading, without any hassle and you can make huge profit in one day as the turnover is hourly. Another benefit is that there is no need for you to be a financial or economic genius. All relevant information is displayed on the screen and is user friendly, enabling you to make a decision.
If you are unsure where to start, you can check out binbotpro the auto-trading binary software.
Here is a list with all binary options brokers that accept Australian traders (we only recommend the licensed brokers):
Best International Binary Options Broker
Finrally accepts traders from all countries including Australian traders. They have a great welcome bonus of up to $250 on your first deposit. Finrally does not have an ASIC license but offers a better bonus and more assets to trade. The minimum deposit is $250 and the average payout is 90%. Sign up here.
Binary Options Signals Australia
If you are new to binary options trading and you don’t have a winning strategy yet, you can always try a binary options signals service, also called binary options robot. These signals will give you ideas on which assets you should invest next. Some binary signal providers have success rates of
Binary Options Day Trading in Russia 2020
Binary options trading hinges on a simple question – will the underlying asset be above or below a certain price at a specified time? If so, you can make substantial profits with one of the most straightforward financial instruments to trade. But what exactly are binary options, and what are their benefits and drawbacks? This page will answer those questions, as well as detailing how to start day trading binary options, including strategies, tips, and regional differences to be aware of. Use the broker top list to compare the best binary brokers for day trading in Russia 2020.
Binary Brokers in Russia
What Are Binary Options?
Firstly, let’s have a look at how it all works. Put simply, binary options are a derivative that can be traded on any instrument or market. They appeal because they are straightforward. You know precisely how much you could win, or lose before you make the trade. No complex maths and calculator is required. This is why they are also known as ‘all or nothing’ trades.
If you anticipate news announcements, quarterly reviews, or global trends, then you may be able to make an accurate determination as to whether the price is going to increase or decline at a certain point in the future, turning a profit.
There is a whole host of derivatives to choose between. You can trade binary options on commodity value, such as aluminium and crude oil. You can opt for a stock price, such as Amazon and Facebook. There are foreign exchange rate options, including all the major and minor pairs. Even cryptocurrencies such as Bitcoin, Ethereum, and Litecoin are on the menu.
A Brief History
If you want to start trading binary options full-time, a detailed understanding of their origins will help. Binary or ‘digital’ options have been around for decades. Originally though, it was only large institutions and the fabulously wealthy that had access. However, 2008 saw the US Securities and Exchange Commission open the floodgates by allowing binary options to be traded through an exchange.
The internet and technology have since given the whole world access to these ‘digital’ options. As it stands, with low barriers to entry for savvy day traders and a simple to understand preposition, the demand for these digital trades will only increase.
There are a number of different option types to choose from. The most popular types are listed in the brief glossary below.
- Up/Down (High/Low) – The most simple and prevalent binary option. Will the price be higher or lower than the current price when the expiry time comes?
- In/Out (Range or Boundary) – A ‘high’ and ‘low’ figure will be set. You are then making a determination as to whether the price will finish within or outside of these boundaries.
- Touch/No Touch – Levels will be set that are either higher or lower than the current price. You then enter a position as to whether the price will ‘touch’ these levels between the time of trade and expiry. Payout will come as soon as the touch takes place.
- Ladder – These are similar to up/down trades. However, instead of using the current price, the ladder will have pre-determined levels that are staggered up or down. These normally demand a substantial price move. The flip side of this is returns will frequently exceed 100%. Although it is worth noting, both sides of a trade are not always available.
Another important component of binary options is expiry times. This is when the trade will end and the point that determines whether you have won or lost. These times can range from 30 seconds and 1 minute (turbos) to a full day (end of day), and even up to a whole year.
As an intraday trader though, you will be more concerned with trading 5 and 30-minute binary options. Opt for binaries with 1 minute expiry times though and you have the ability to make a high number of trades in a single day.
Is Trading Binary Options Legal?
Despite the somewhat negative reputation, the reality is binary options are legal. The majority of companies operate fairly. Opinions have been split because there are some out there that operate scams.
Regulation in certain regions has meant binaries have been withdrawn from the retail market. In the EU for example. But professional traders can still use them. In regions such as India and Australia, binary are legal – but traders should make sure they use a reputable broker, and read our section below on avoiding scams.
Scams & Frauds
The binary reputation has suffered from dishonest marketing and cybercrime. Too many unregulated brokers promise quick cash, whilst operating frauds. Regulators are on the case and this concern should soon be alleviated.
Binaries themselves are perfectly legitimate, but steer clear of ‘instant money’ promises, brokers that cold call, and celebrity endorsements, plus any claims that you can ‘start trading binary options for free’.
So it isn’t a question good or bad, it’s simply a question of being alert to the dangers and knowing what to look out for. If you’re unsure about a broker, ask the question in a live trading room to check they’re properly regulated.
Binary Options Vs CFD Trading
Although in some ways similar, there remain some crucial differences between binary options and CFDs. With CFDs, you have potentially unlimited risk. If the price of the asset moves significantly, the value of the trade can grow very large, very quickly – for better or worse.
Whereas binary options work slightly differently. Whilst you are still investing without owning the asset in question, the gain and loss rate is fixed. With a call option, it doesn’t matter if the price rockets, you retain the same percentage as if it rose by just a couple of pips.
Likewise, if the price sinks to zero, you’ll only lose what you put in. So, to define the difference – with binary options you get fixed risk.
Having said that, just as if it was binary options versus forex trading, you are restrained in your profit potential.
Why Trade Binary Options?
If you want to profit trading binary options, you need to first understand both their pros and cons. You need to make sure binary options will suit your trading style, risk tolerance, and capital requirements.
There is a whole host of attractive benefits to trading with binary options. The greatest advantages have been outlined below.
- Simplicity – Because you are making a determination on only one factor, direction, your bet is straightforward. The price can only go up or down. You also don’t need to concern yourself with when the trade will end, the expiry time takes care of that. Whereas in other markets, you may need a system to limit your losses, such as a stop-loss.
- Fixed risk – Trade stocks, gold, and crude oil and you’ve got a vast number of factors to contend with, from slippage and margin to news events and price re-quotes. With binaries, your risk is kept to a minimum with far fewer parameters.
- Trade control – Because you know what you may make or lose before you enter the trade, you have greater control from the start. Trade in stocks, for example, and you have no guarantee that your trade will make the entry price.
- Profit potential – Compared to other trading, the returns in binaries are extremely attractive. Some brokerages promise payouts of up to 90% on a single trade. If you’re looking to make simple trades with large profit potential, binaries could well be worth a look in.
- Choice – Rather than being constrained to a specific market, e.g. cryptocurrency or stocks, binary options gift traders the opportunity to trade instruments across virtually all markets, allowing you start currency, indices, and bonds trading if you so wish.
- Accessibility –In the binary options game, it’s always the best trading hours somewhere on the globe. So, you can login at night, or on the weekends and join the groups of avid traders attempting to turn daily profits. Real-time charts are available for every market so if you’ve got the time you can invest 24 hours a day.
Whilst there are plenty of reasons to delve into trading on binary options, there remain several downsides worth highlighting:
- Reduced trading odds – Whilst you can benefit from trades that offer in excess of 80% payouts, these are often when the expiry date is some time away from the trade date. If the odds of your binary trade succeeding are extremely high you may have to make do with reduced payout odds.
- Limited trading tools – Whilst most brokerages offer advanced charting and analysis capabilities, trading tools for binary traders often fall short of the mark. Fortunately, there are other online sources for these graphs and tools, plus brokers are working swiftly to increase their offerings.
- Price of losing – Your odds are tilted in favour of losing trades. Approximately for every 70% profit, the corresponding loss of the same trade would result in an 85% loss. This means you need a win percentage of at least 55% to break-even.
- Risk management – Unlike other markets, brokers often set a trading floor, with minimum accounts a trader needs to enter the market. This means losing capital can happen with ease. Whilst a stocks broker may permit you to open an account with $250, trading micro-lots, most binary brokers won’t allow $50 trades. So, even with $250 in your account, just five trades that don’t go your way could see you sink into the red.
Binary Trading via Mobile App
How Does Trading Binary Options Work?
Trading binary options for beginners is straightforward. Simply follow the steps outlined below.
Step 1 – Find a broker
This is one of the most important decisions you will make. You need a broker that meets all your requirements and who will enhance your trade performance. But with so many options out there, how do you know what to look for?
If you’re high-frequency binary trading each day, the commission fees and costs will quickly rack up. You want to maximise your profits so look for brokers with a competitive and transparent fee structure, and remember, different asset classes pay out different amounts.
One point worth investigating is rules around minimum deposits. Whilst some brokers will offer binary options trading with no minimum deposit, many will expect a deposit of close to $50, and some $100. A broker offering low minimum deposits is ideal if you’re strapped for cash. Trading binary with JC and GCI are good choices if you’re looking for low deposits.
Some brokers will specialise in certain assets. If you’re set on crude oil, it may be worth finding a broker that’s geared towards those binaries. You may benefit from relevant news feeds and the most prudent option choices available. Trading binary stocks with 212, for example, is ideal for those interested in stocks.
With scams out there it’s important you check your broker is properly regulated by the relevant financial body, e.g. FCA, CySec, CFTC. Trading with 247 Binary Options, IQ option, and Binary.com are all safe bets.
Binary options platforms are your gateway to the market and where you’ll spend many hours a day. There are now many online trading platforms, so, make sure it’s easy to use and offers all the charts, patterns and tools you need to make smart and accurate trade decisions. For example, will you be trading binary options with candlesticks or more obscure charts?
Both Keystone and Nadex offer strong binary options trading platforms, as does MT4. Before you buy, conduct a thorough trading platform comparison and check reviews.
Any problem could cost you time, and as an intraday trader, time can cost you serious cash. So, check the broker offers reliable support. Some brokers will offer 24/7 customer support through calls, live chat, and in a number of languages. Binary options trading with Etrade and 24 Option are smart moves if you want top quality support.
A growing number of people use mobile devices and tablets to enhance their trading experience. However, software for trading binary options varies hugely. So, it’s worth checking whether your broker offers cross-platform capabilities. Also, check the charting tools you need will work on your iOS or Android device. Binary options trading with IQ Option, for example, offers fantastic trading apps.
Many brokers will sweeten the deal with some useful add-ons. Some may offer free trading plans, courses, and lessons. So, find out first if they offer free courses online to enhance your trading performance. Some brokers will also offer free binary trading trials so you can try before you buy.
You could also benefit from trading bonuses, tips, the best strategy and trading signals reviews, plus free, practice demo accounts. Not to mention some brokers allow for binary options trading using Paypal. However, don’t be put off by no binary options trading deposit bonus, these can be a sign of potential scams.
For newbies, getting to grips with a demo account first is a sensible idea. Funded with simulated money, you can try numerous assets and options. It’s the perfect place to make mistakes and learn before you put real capital on the line. In addition, you’ll find most free binary options demo accounts require no deposit, so you can start practicing whilst you save that initial capital.
There is no universal best broker, it truly depends on your individual needs. Some brokers offer minimum trades of just a couple of pounds, whilst others require hundreds or even thousands. The solution – do your homework first.
For more guidance on making the right choice, see our brokers page.
Step 2 – Choose An Instrument/Market
You can trade binaries in pretty much everything, including stocks, forex, indices, and commodities. You can bet on anything from the price of natural gas, to the stock price of Google. Opt for an asset you have a good understanding of, that offers promising returns.
Step 3 – Decide On An Expiry Time
As a short-term trader, you’ll probably be more interested in 30 seconds, 1 minute and end of day expiry times. You need to balance binary options trading volume with price movement. Whilst the more trades you make means greater profit potential, it’s better to make fewer and more accurate trades. Also, find a time that compliments your trading style.
Step 4 – Decide On Size
In the binary options game, size does matter. The greater your investment the greater the possible profit. On the flip side, remember the entirety of your investment is on the line. You need an effective money management system that will enable you to make sufficient trades whilst still protecting you from blowing all your capital.
Step 5 – Choose An Option
You will have any number of the options outlined above to choose from. Think carefully about how confident you are in your determination. Consider factors that will jeopardise your investment, and select an option that gives you the best chance of succeeding. Don’t automatically select a ladder trade because you want huge returns, consider which options are the relatively safe bets.
Once you’ve made that decision, check and confirm your trade. Then you can sit back and wait for the trade payout.
Below is a video explaining how to trade binary options on the platform of a leading provider:
Binary trading strategies will differ from trade to trade. What may work for a ladder option in forex, may prove useless in a range option on gold. Having said that, there are two reasons you must have a strategy.
Firstly, a strategy prevents emotions interfering in trade decisions. Fear, greed, and ambition can all lead to errors. A strategy allows you to focus on the maths and data.
Secondly, a strategy allows you to repeat profitable trade decisions. Once you’ve found out how and why that binary option worked, you can replicate it to create consistent profits.
Building A Strategy
There are two crucial elements to your binary options trading method, creating a signal, and deciding how much to trade. The second is essentially money management. How do you go about determining these two steps then?
Step 1 – Creating A Signal
The signal will tell you in which direction the price is going to go, allowing you to make a prediction ahead of time. The two main ways to create signals are to use technical analysis, and the news.
Charts, Patterns & Indicators
If you can identify patterns in your charts, you may be able to predict future price movements. They rest on the idea that ‘history repeats itself’. You can start trading binary options using Heiken-ashi, other candlesticks, and line charts. Armed with charts and patterns, successful traders will build a strategy around their findings.
You can then build indicators into your strategy, telling you when to make a binary option, and which binary option you should go for. These technical tools can prove invaluable, so make sure your broker offers the features available to conduct thorough market analysis.
One of the great things about trading binary is you can use any number of your normal indicators, patterns, and tools to help predict future binary options movements. So, you can start trading with/using:
- Support and resistance levels
- Price action
- Stochastic oscillators
- MACD indicators
- Options close to expiry
For more detailed guidance, see our charts and patterns pages.
You can trade binary options without technical indicators and rely on the news. The benefit of the news is that it’s relatively straightforward to understand and use. You’ll need to look for company announcements, such as the release of financial reports. Alternatively, look for more global news that could impact an entire market, such as a move away from fossil fuels. Small announcements can send prices rocketing or plummeting.
If you can stay in the know you can trade your binary options before the rest of the market catches on. To do that you’ll need to be tuned into a range of news sources. You can browse online and have the TV or radio on in the background. Some of the most useful news sources in terms of trading information are:
- Yahoo Finance
- Business Insider
- Financial Times
Step 2 – How Much You Should Trade
If you’re just starting off it’s often best to keep things simple. Trading the same amount on each trade until you find your feet is sensible. Below are 3 binary options trading strategies for both beginners and experienced traders.
Binary options using the martingale trading strategy aim to recover losses as quickly as possible. To do this you’d trade larger amounts of money in the trades following a loss. So, you’d set an amount that you trade each time, say $250. However, if you lose on that $250, you’d bet $500 on the next trade. If the trade wins, you’ll already be back in the black, rather than being stuck around the break-even mark.
The problem with this strategy is that if you go on a losing streak you can lose a serious amount of capital in a short space of time. So, only use this strategy if you’ve got a relatively accurate means of making trade decisions. If you’re still in the trial and error stage, consider a different approach.
A percentage based system is popular amongst both binary options traders and other traders. The idea is you specify a percentage you’re willing to risk. Between 1-2% is common. So, if you’ve got $10,000 in your account, and your risk value was 2%, you could trade $200 on a single trade.
If you have a greater risk tolerance and consistent results you may want to increase that risk margin to 5%. The benefit of this system is that you should never lose more than you can afford. This makes it an ideal approach to take if you’re new to trading on binary options.
This example is best employed during periods of high volatility and just before the break of important news announcements. This technique can be utilised by traders of all experience levels. It gives you the capability to avoid the call and put option selection, and instead allows putting both on a specified instrument.
You aim to utilise put when the value of the instrument has risen, yet you think that it’s going to decrease soon. Once the descent has begun, place a call option on it, anticipating it to bounce back swiftly. You can also do it in the reverse direction. Simply place a call on the assets prices low and put on the rising asset value.
This significantly increases the chance of at least one of the trade options producing a profitable result. If you’re in a volatile market, this simple system could you see turn handsome profits. This works well as a binary options trading 60 seconds strategy, and will also cover expiry times of up to one day.
Bots & Algorithmic Trading
Once you have honed a strategy that turns you consistent profits, you may want to consider using an automated system to apply it. These robots usually rely on signals and algorithms that can be pre-programmed.
The bots then do all the leg work, trading options on your behalf. The plus side is they can make far more trades than you can do manually, increasing your potential profit margin. They can also trade across different assets and markets.
It’s worth investigating your brokers offering when it comes to auto trading and checking for robot reviews. Many allow you to build a program with relative ease. You can use your own entry points that rely on Bollinger bands, RSI/MFI patterns, and moving averages.
However, even when you’ve got your system up and running, you can’t go into trading binary options on autopilot, you need to stay tuned in. If any mistakes take place, you need to be there to remedy the problem. Technical crashes and unpredictable market changes can all cause issues, so stay vigilant.
Many binary option strategies pdfs fail to sufficiently consider time variables. Certain strategies will perform better with specific time options. You may want to look specifically for a 5-minute binary options strategy. Alternatively, trading 15-minute binary options may better suit your needs. So, whichever strategy above you opt for, ensure you take time into account.
Summing Up Strategy
Trading binary options with success rests on finding a strategy that compliments your trading style. So, consider the instrument you’re going to be trading. Then, employ an effective money management system and use charts and patterns to create telling indicators. Also, utilise news announcements to your advantage.
If you’re trying a new fence, gap, hedging, or any other binary strategy for the first time, why not try it on a trading practice account first? This will allow you to address any issues before you invest your own money.
For more detailed guidance, see our strategies page.
Binary options trading 101; immerse yourself in educational resources. As Benjamin Franklin asserted, ‘an investment in knowledge pays the best interest’. The top traders never stop learning. The markets change and you need to change along with them.
To do that, utilise some of the resources detailed below.
- Books & eBooks – There is a whole host of books and ebooks out there that can impart invaluable information on day trading binary options. You can benefit from the binary options trading knowledge of experts with decades of experience. The good thing about a book it is allows you to learn at a pace that suits you. One book that has made binary options trading easy is ‘Trading Binary For Dummies’, by Joe Duarte.
- Video tutorials & seminars – Engaging and easy to follow. There are numerous online video tutorials out there that can walk you through making a trade. With seminars, you’ll also be able to have questions answered and the binary options trading basics explained, plus some brokers offer weekly seminars to keep you up to date with market developments.
- PDFs & instruction guides – These will give you a clear breakdown of steps that you can follow and apply. The best part is you can find plenty online that are totally free and easy to download, whether you’re using Android, Windows, or iOS. The trading binary options ‘Abe Cofnas’ pdf is particularly popular.
- Forums & chat rooms – This is the perfect place to brainstorm ideas with binary options gurus. You can benefit from recommendations and learn in real-time whilst investing in your binary options. You can also swap live chart screen grabs to get a feel for other binary methods and tactics.
- Newsletters & blogs – These are brilliant for keeping up to date with upcoming developments that may affect your markets. Plus, you could hear about binary options competitions (yes, they really do exist).
- Copy trading – This is when social trading networks/platforms are combined with binary trading tools. You can follow experienced traders, analyse their strategies, and then replicate their trades. Check out copy trading reviews before you sign up.
All of the above will play a key part in your binary options trading training. Free trading videos and examples will help give you an edge over the rest of the market, so utilise them as much as possible.
There currently exists no binary options university. So, explanations as to why that option didn’t work can be hard to come by. Keeping a journal with all your binary option trading results in could solve that issue. A detailed record of each trade, date, and price will help you hone your strategy and increase future profits.
Whether you keep it an excel document or you use tailor-made software, it could well help you avoid future dangers. As an added bonus, it can make filling in tax returns at the end of the year considerably easier. A journal is one of the best-kept secrets in binary options, so now you know, use one.
Trading binary options successfully isn’t just about having the right strategy. If you can’t control your emotions you will make costly mistakes. As Robert Arnott stated, ‘what is comfortable is rarely profitable’. When the pressure kicks in, fear and greed can distract you from the numbers.
You need to accept that losses are part of trading and stick to your strategy anyway. If it’s based on accurate maths and careful technical analysis then you have to keep your faith. As soon as you start acting inconsistently your profits will suffer.
As the popularity of binary options grows across the world, regulatory bodies are rushing to instill order. That means where you trade and the markets you break into can all be governed by different rules and limitations.
If you’re day trading binary options in the UK, for example, you will require a license from the UK gambling commission. If you opt for a broker regulated by the Financial Conduct Authority (FCA), you’ll be guaranteed an extra level of protection. Beware some brokerages register with the FCA, but this is not the same as regulation.
Brexit has brought with it complications to trading regulations. The MiFID II guidelines were set to be implemented across Europe enforcing rules around binaries, however, the UK may not now implement the guidelines. This means the UK is no longer under pressure from Europe to reclassify binaries as financial instruments.
Binary options trading for US citizens is limited by a choice of just two brokers. Nadex and CBOE are the only two licensed options. Fortunately, they are both huge firms offering competitive prices and a range of different assets to trade binaries on.
Rest Of World
In Australia, the Australian Securities and Investments Commission (ASIC) runs the show. If you’re interested in brokers based in Cyprus and Israel, then check they are regulated by CySec. In Dubai and the rest of the UAE, binary options are regulated by the Dubai International Financial Centre (DIFC).
You can also start day trading binary options in Canada, India, Pakistan, South Africa, Malaysia, Kenya, New Zealand, Nigeria, Vietnam, Indonesia, and the Philippines. Each has their own regulatory bodies and different requirements.
So, if you want protection, ensure you do your research before you sign up for a binary broker on the other side of the world.
Another important regional distinction comes in the form of taxes. Some countries consider binary options as a form of gambling, such as the UK. This comes with notable benefits. The HMRC will not charge you any taxes on profits made through binary options. However, in the future binaries may fall under the umbrella of financial derivatives and incur tax obligations.
Having said that, if day trading binaries are your only form of income and you consider yourself a full-time trader, then you may be liable to pay income tax. Whilst you are probably still exempt, it is worth seeking clarification.
Outside the UK, tax regulation differs hugely. Binary options in Japan and Germany come with vastly different tax obligations, for example. So, before you start trading seek advice to ascertain whether you’ll be exempt from tax. If not, will you pay income tax, capital gains tax, business tax, and/or any other form of tax?
For more detailed information, see our taxes page.
Can Trading Binary Options Make You Rich?
Although exciting and dynamic, to make a living trading binary options you’ll need to use this page and other sources as guides. Can trading binary options make you rich then? Done correctly, yes it can. There is no question of binary options potential profitably, this is evidenced by numerous millionaires. To get there though, you’ll need the right broker, an effective strategy, and you’ll need to invest in your trading education, by utilising the resources outlined above.
Are binary options legal?
Yes, but regional regulation varies.
In India and Australia for example, binary options are legal.
In the US, binaries are available via Nadex, and perfectly legal.
In the EU, binaries have been withdrawn for retail investors, but it is still possible to trade binary options legally, by professional traders. Certain criteria need to be met in order to be classed as ‘professional’.
Can you trade at weekends?
Yes. There are two ways to trade at weekends. Firstly, forex markets are still open in some parts of the world during the “weekend” in other parts. Binaries can be traded on forex during these times.
There are also ‘synthetic’ markets with some brokers (such as binary.com) but traders should note there is no underlying market with these options. They are ‘virtual’ markets created solely to cater for traders looking to trade anything at all. They are not for sophisticated traders.
Are binary options banned in Europe?
Binary options have been withdrawn for retail traders by the European regulator, ESMA. Brokers not regulated in Europe may still offer binaries to EU clients.
It is also possible for EU traders to nominate themselves as professional traders. This waives their rights to regulatory protection, and means binaries are free to be used again.
Some synthetic markets can also be traded by EU traders, and while the product works exactly as a binary options, they are referred to slightly differently.
Do binary options work on MT4 or MT5?
There are no binary options brokers offering Metatrader integration. It is however, possible to perform technical analysis in MT4 and place trades on a separate trading platform.
Can you use binary options on cryptocurrency?
Yes. The leading binary options brokers will all offer binaries on Cryptocurrencies including Bitcoin, Ethereum and Litecoin. As a derivative, traders will not “own” any cryptocurrency, they will purely be speculating on the price. This does mean however, there is no need for a Crypto wallet or crypto account.
Top 10 Most Popular Binary Options Brokers
User Satisfaction 99%
IQ Option has used the latest technologies to create a trading platform that gives its clients an easy, smooth, and fun trading experience. Read Reviews
User Satisfaction 100%
MarketsWorld is owned and operated in the Isle of Man, Great Britain by MarketsTheWorld Limited. Read Reviews
User Satisfaction 100%
We are the market leader in Europe in the online trade in Binary Options. We make trading in Binary Options reliable, convenient and simple. Read Reviews
User Satisfaction 97%
Ayrex offers the most popular types of binary options and the minimum investment required is just $5. Read Reviews
User Satisfaction 71%
OptionFair is a reliabble binary options broker that provides traders with the ability to trade by investing in a variety of assets. Read Reviews
User Satisfaction 100%
BinaryTilt provides trading solutions for active Binary Option traders, as well as traders that are new to the Binary Options market. Read Reviews
User Satisfaction 100%
Founded in 2020, GTOptions offers high returns of 70% to 90% for a successful trade. Read Reviews
User Satisfaction 100%
OneTwoTrade is a leading provider of binary options trading services to individual traders around the globe. Read Reviews
User Satisfaction 100%
Stockpair is a world leading online platform for binary options and pair options trading. Read Reviews
User Satisfaction 100%
99Binary provides a simple, safe, and informative trading solution for traders to profit from the fast-growing binary options trading market. Read Reviews
How To Choose The Best Binary Option Broker
Binary options trading is a relatively new investment method where you can profit by predicting the price movements of a range of dynamic stocks, commodities, indices, and currency pairs. The main reason why binary options trading has become popular so quickly is because you only have to select Yes or No when placing a trade. This dual choice gives binary options trading its name, and is also the reason why most binary trades are called ‘ Call or Put ’ trades.
Traders do not have to buy the actual asset. You simply have to decide whether the asset price will rise or fall within a specific time period. Binary trading services help individual traders and financial institutions participate in the field of binary options. These brokers provide a range of convenient features, advice and tips, special offers, and reliable customer support to help traders invest successfully. Our financial experts analyzed all the leading binary options brokers in the industry to find out which ones are the best. Below we provide the details of our test and we list the most promising and reliable binary trading services we found on the market.
Methodology of our reviews
To review the services of binary options brokers we carefully studied information available on review websites, business sites, and other reliable online sources. We analyzed all the leading binary options brokers and the services they offer. We also examined the information and details available on the official websites of these brokers. Plus, our experts contacted the brokers to get information on particular aspects of their services.
We used the following criteria to evaluate each binary options broker:
- Trading platform
- Account options
- Available assets
- Customer service quality
- Offered bonuses and rewards
- Unique features
- Trade types
- Payout ratios
Best European Binary Options
People living in a European Member state are allowed to trade freely with any binary options broker based in another Member State. A number of regulatory authorities and bodies license and regulate binary options products and brokers in Europe. Trading with a broker that has a license from a European country means your investment is safeguarded by a number of security requirements and protocols. The Financial Conduct Authority (FCA) is the UK regulatory body for all financial products and services. The Banque de France (BDF) regulates all finance companies and their products in France. The Commissione Nazionale per le Società e la Borsa (CONSOB) does the same job in Italy. The Comisión Nacional Del Mercado de Valores (CNMV) is the regulatory body in Spain. The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) ensures Germany has strict regulations for financial products and services.
Banc de Binary: Banc de Binary is a good choice for newbie traders in the EU as this broker offers extensive trading programs to guide you on how use its trading platforms. US and Israeli residents are barred from using Banc de Binary’s services. The advantages of Banc de Binary are it offers an intuitive and easy-to-use trading platform and there are no fees for deposits and withdrawals. Banc de Binary is a reliable broker as it is licensed by CySEC (Cyprus Securities and Exchange Commission). This broker is also regulated by the countries’ respective financial regulators for its operations in Germany, Italy, Spain, France and the UK. Banc de Binary was established in 2009 and has more than 250,000 customers.
IQ Option: IQ Option is a reliable broker as it is regulated by the Cyprus Securities and Exchange Commission (CySEC). This broker offers returns as high as 92%. Plus, its trading platform is versatile as its supports mobile trading with Android and iOS apps.
24option: 24option is a popular broker that uses an innovative trading platform created by Tech Financials. It offers returns as high as 89% for winning trades. 24option is also a reliable broker as it is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).
Best US Binary Options
There is no clear legal landscape for binary options trading in the US. There are two bodies that regulate online financial trading in the US. They are National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). Both bodies have not shown interest in licensing and regulating binary options brokers in the US. So, US customers have to depend on offshore-based brokers for binary options trading. To avoid becoming victims of fraud, US customers are advised to investigate the broker thoroughly before investing their hard-earned money in trading with them. Make sure the broker offers advantages such as easy deposit and withdrawal methods for US customers, trading in US dollars, and multi-platform access that includes both desktop and mobile trading options.
Porter Finance: Porter Finance is a reliable broker run by experienced professionals. Its trading platform is easy to use and versatile. Plus, Porter Finance employs personal account managers to ensure customers get full attention and support. This broker’s website offers useful information to help you trade profitably. Porter Finance offers a wide range of trading tools. The maximum payout is 85% and the maximum bonus is 100%. Porter Finance is a recommended broker for US traders.
Tradorax: Tradorax is a good choice for US clients. It uses the proven TechFinancials trading platform which is popular among many other brokers too. You can expect returns as high as 85%. Plus, this broker offers welcome bonus ranging from 50% to 200%.
Finpari: Finpari uses the latest version of the proven and reliable SpotOption trading platform. This broker offers average payouts as high as 83%. Plus, it gives 100% bonus as well as first three risk-free trades.
Best UK Binary Options
The Financial Conduct Authority (FCA) supervises and regulates all financial service companies including binary options brokers based in the UK. As the UK is part of the European Union, you are free to use the services of any binary options broker that has a license in any other European country. You can also trade with any broker licensed outside the UK and Europe. However, we recommend you try the services of the three brokers listed below as they have the reputation of providing a secure and safe trading environment.
IQ Option: IQ Option requires a very low minimum deposit of just $10. The minimum investment amount is just $1. IQ Option offers advantages such as a user-friendly interface, excellent returns, wide variety of options, and handsome deposit bonus. Plus, it is a reliable broker as it is regulated by the Cyprus Securities and Exchange Commission (CySEC). IQ Option offers interactive learning tools and a stand-alone demo account for the benefit of customers.
Banc de Binary: Banc De Binary offers a simple trading platform with a range of attractive trading instruments to help traders make profitable trades. Newbie traders can get personal training from their account manager, and trade with a minimum amount of just $1. Experienced traders can make use of trades that expire in nine months.
24option: 24option is a good choice for both high and low volume traders. This broker stands out as it provides useful trading and strategy guides and videos for all levels of traders. Plus, 24option offers handsome bonuses and fast withdrawals as well as excellent support.
How to choose a reliable binary option trading service
Scams occur in all businesses. The skyrocketing global popularity of binary options trading means it has become the target of brokers and hackers who operate fly-by-night services to make a fast buck on the sly. So, it is a good idea to do your research and enter the binary options market slowly and cautiously. Binary options trading began only a few years ago and it is difficult to control and monitor their operations. About 95% of binary options brokers are not regulated by any financial institution.
This means the majority of brokers do not have the backing of a government financial institution to provide traders the assurance their money is safe. Therefore, consider the following points and features to select a reliable and efficient binary options broker:
Is It a Regulated Broker?
Double-check the credentials of the binary brokers you are interested in. This is a time-consuming task but you have to be sure you can trust the broker. Select a broker who is monitored by the regulations of an institution. This ensures the broker is above board and trustworthy. Usually brokers are regulated by institutions in the country they operate in. In the US, brokers are regulated by Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). In the UK, the Financial Conduct Authority (FCA) regulates binary options trading. Other EU countries have their own respective regulatory bodies (CySec, BaFin, etc.), that have the power to try your binary options broker if you suffer a scam.
Try out the demo to learn about the features and practice trading
A demo account, or simulator, can help you to practice trading binary options in a real time environment without risking much money. A few brokers offer a free demo account, while others ask for a small deposit to start using the account. Simply register for an account using your phone number. When customer support contacts you, ask for the demo account and start learning about the features of the particular broker. The following brokers offer a demo account that you can utilize to practice trading at a low cost or for free: CTOption , MarketsWorld , OptionsClick , and OptionBit .
What Trading Platform is Offered?
The broker should offer a trading platform that has a simple user interface. Time is important in trading and each second is vital especially if you have selected the 60-seconds option or your option is near the expiry time. Make sure the software is easy to navigate and straightforward to use. Experienced traders and those who wish to keep track of constant market updates should select a broker that provides a mobile trading app.
What are the Investment Options?
The trader should offer a range of investment options. Apart from the usual Put/Call (Up/Down) option, the broker should also offer Boundary, Option Builder, Touch/No Touch and 60-Seconds options. Except for currency pairs, the broker should enable you to trade stocks, commodities, and indices. Select a broker that offers a platform with graphs that have good history time frames that go back beyond yesterday. This will boost your decision-making and increase the chances of successful trading.
What are the Payment and Withdrawal Options?
The broker should offer convenient payment and withdrawal options. Read the “ Terms and Conditions ” of the broker to know all the details. Select a broker that accepts the largest range of payment and withdrawal methods. The most widely used payment methods are bank transfer, credit/debit card, Moneybookers (Skrill), and Western Union.
When You Lose, Do You Lose Everything?
In binary options trading, you are fully aware of the amount you can win or lose before investing. However, newbies can make wrong investment choices. If you are an inexperienced trader, select a broker that provides a “payout” for losing trades. This means, if you suffer a losing trade, you can get back about 10-15% of the invested money.
You can also select a broker that offers risk-free trades. This is a novel concept where the broker gives 5 to 10 risk-free trades if you deposit the minimum required amount to trade ($200-$250).
Is the Customer Support Prompt and Efficient?
Make sure the broker offers good quality customer support with clear communication. Check out the customer support languages and foreign trading currencies offered. Does the broker offer 24-hour customer service and multiple channels to contact agents? Do they provide loyalty bonuses? Read at least some user reviews of leading binary options brokers on our site. Are traders satisfied with a broker’s services? Do agents respond promptly and thoroughly to questions? Good quality customer support is one of the most important criteria to select a reliable binary options broker.
Leading Binary Trading Services
OptioNet: OptioNet uses the Tech Financials trading platform. Its London operations are governed under the regulations of the UK’s Financial Services Authority (FSA). Payout ratios range between 85% to 89% depending on the trading account. OptioNet offers a welcome bonus of up to $5000.
GlobalOption: GlobalOption accepts US clients. It uses an in-house trading platform that is similar to that of EZTrader. GlobalOption offers a payout of 68% to 95% (depending on the asset traded and the type of trades). Traders can get back 15% of their investment amount on losing trades.
EmpireOption: EmpireOption accepts US clients. It uses the SpotOption trading platform and offers a mobile platform for iPhones and Android devices. The average return is 65% to 75% for traditional High/Low binary options. OptionBuilder offers higher payouts at 85%, while the risky One Touch options give the highest payouts at 500%.
TraderXP: TraderXP accepts US clients. It uses the SpotOption trading platform. Payout ratio is between 68% to 75%. This broker uses a wide range of reliable payment and withdrawal methods.
OptionTrade: OptionTrade uses the ProTrader platform, which is modeled after another trading broker called HotForex. Payout ratio is 85%. OptionTrade is fully regulated by the Cyprus Securities and Exchange Commission (CySEC). This broker transacts only with reputed banks and financial institutions.
GTOptions: GTOptions accepts US clients. It uses the reliable SpotOption trading platform. Returns range from 70% to 90% depending on the asset type. One Touch options can yield payouts up to 540%. Bonus of 50% to 100% is offered depending on trading account.
Opteck: Opteck offers an easy-to-use web-based trading platform. Payout ratio is 85% to 100%. Opteck is regulated by the Cyprus Securities and Exchange Commission (CySEC). It offers customer support via phone, live chat, and email.
OnlyOption: OnlyOption uses a sophisticated trading platform provided by Markets.com. Payout ratio is up to 85%. One touch options can yield up to 500% of the investment. OnlyOption’s parent company Safecap Investment Ltd is regulated by the Securities and Exchange Commission (CySEC). This trader offers a welcome bonus of up to 100%.
BNRY: BNRY uses the new generation TradeSmarter trading platform that has sophisticated features. This broker offers a maximum return of 81% for High/Low options. You can get a rebate of up to 10% for losing trades. BNRY is a regulated broker under the Cyprus Securities and Exchange Commission (CySEC).
YesOption: YesOption uses the standard Tech Financials trading platform. Average returns for high/low options are 85%. YesOption offers welcome bonuses between 20% to 100% depending on the amount deposited. It provides one on one coaching and a range of training materials.
GrandOption: GrandOption uses the Tech Financials trading platform. Payout ratio is between 75% to 300%. GrandOption is regulated by the Cyprus Securities Exchange Commission (CySEC). The broker provides a range of bonuses and promotional offers.
Tradesmarter: Tradesmarter uses a simple and reliable trading platform that has been emulated by many other brokers. Payout ratio is up to 85% for successful trades and you can get a rebate of 10% for losing trades. Tradesmarter.com is based in Sydney, Australia and its operations are governed by the Australian Securities and Investment Commission (ASIC).
Alpari: Alpari uses the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. There are also MT4 and MT5 trading apps for Android and iOS devices. Payout percentage is between 81%-85%. Alpari offers attractive bonuses, competitive tight spreads, and reliable trading support.
Banc de Binary: Banc de Binary uses the popular SpotOption trading platform. This platform supports mobile trading with Blackberry, iPhone, and Android devices. Payouts are between 72% to 81%. Banc de Binary refunds up to 15% for losing trades. This broker is part of the Banc de Binary Group that is listed on the New York Stock Exchange.
Bloombex: Bloombex accepts US clients. Bloombex uses the intuitive, state-of-the-art SpotOption trading platform. Average returns range between 75% and 85%. Bloombex offers at least 30% bonus for any deposit. You can get a 100% bonus for every investment of $100 to $500.
365Trading: 365Trading uses a trading platform called Pip Invest, which is different from popular platforms used by other brokers. Payout ratio is between 60% to 85%. 365Trading has taken the initiative to register itself under the Cyprus Securities Exchange Commission (CySEC). This broker offers 100% bonus on the first deposit.
BinaryBook: BinaryBook accepts US clients. It uses the latest SpotOption Gen 2 trading platform. Average returns are around 80%. You can earn up to 500% with FX/CFD contracts. BinaryBook offers welcome bonus ranging from 25%-100% depending on the trading account.
Magnum Options: Magnum Options accepts US clients. It uses the popular SpotOption trading platform. Average payout ratio is 85%. Magnum Options offers numerous bonuses as well as rebates for losing trades. All transactions are secured with SSL Technology.
OptionRally: OptionRally uses web-based trading platforms powered by SpotOption. Average return is 78% for winning trades and a refund of 10% is given for losing trades. OptionRally is registered in the British Virgin Islands (BVI) and operates under the regulations of the BVI Financial Services Commission (BVIFSC). This broker offers provides up to 100% bonus as well as exclusive offers.
OptioNow: OptioNow accepts US clients. It uses a 2nd generation SpotOption-powered trading platform. OptioNow offers average returns up to 85%. The riskier One Touch trades pay as high as 450%. OptioNow offers bonuses up to 25% and requires a 30x turnover for you to be able to withdraw the bonus cash.
Optionyard: Optionyard uses a web-based trading platform that is easy to use. The average payout ratio is 85%. Optionyard offers high bonuses, five asset classes for trading, and a wide range of trading tools.
BigOption: BigOption accepts US clients. It uses the latest version of the SpotOption-powered trading platform. BigOption offers payout ratios of up to 85% for normal trading. It is a reliable broker as it uses transparent procedures, a SSL certified platform, and segregated accounts.
SetOption: SetOption accepts US clients. It uses the SpotOption trading platform. Payout ratios range from 80% to 750%. You can get a refund of up to 10% for losing trades. SetOption is based in Switzerland and its services are governed by the Financial Market Authority of Switzerland (FINMA).
EZTrader: EZTrader uses its own in-house trading platform that is easy to use. Average payout ratio is between 80% to 95%. EZTrader is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). It offers bonuses ranging from 30% to 100%.
CTOption: CTOption accepts US clients. It uses a platform supplied by Panda Trading Systems Ltd (Panda TS). Average returns range between 80% to 90% and you can get a rebate of 5% for losing trades. CTOption offers a welcome bonus up to 100%.
IQOption: IQOption has created a trading platform that gives an easy and fun trading experience. The platform supports mobile trading with iOS and Android apps. Returns can go as high as 92%. IQOption is regulated by the Cyprus Securities and Exchange Commission (CySEC).
Stockpair: Stockpair employs a proprietary trading platform that is simple to use. It supports mobile trading with iOS and Android apps. You can get payouts of around 80% for Up/Down binaries, while Pair options can fetch returns as high as 350%. Stockpair is a EU-regulated broker.
24option: 24option uses an innovative trading platform supplied by Tech Financials. You can get a maximum return of 89% for winning trades, and a rebate of up to 15% for losing trades. 24option is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).
AnyOption: Anyoption employs a web-based in-house trading platform that can be accessed from anywhere. Average returns are up to 80% for winning trades and you get 15% refund for losing trades. Anyoption currently offers a bonus on first deposit.
24bulls: 24bulls uses a trading platform powered by TradeSmarter. It offers returns up to 85%. This broker is regulated by the Cyprus Securities and Exchange Commission (CySEC). 24bulls offers up to $2500 free bonus for new traders.
99Binary: 99Binary accepts US clients. It uses the HTML5 trading platform. 99Binary offers returns of up to 86% on Standard & 60-Seconds, and up to 350% on One Touch. This broker complies with online security and anti-money laundering regulations.
BMBoption: BMBoption (Benedict Morris) uses the SpotOption trading platform. Average payouts are up to 88%. BMBoption has applied for a license from the Cyprus Securities and Exchange Commission (CySEC). It offers a customized cash bonus with its premium plans.
Finpari: Finpari uses the latest version of the SpotOption trading platform. Average payout ratio is 83%. Finpari offers up to 100% bonus plus first three risk-free trades. It provides customer support through phone, live chat, and email.
KeyOption: KeyOption uses the sophisticated yet easy-to-use Keystone trading platform. It offers returns up to 85%. KeyOption has applied for Cyprus Securities and Exchange Commission (CySEC) regulation. It offers a welcome bonus up to $5,000.
Nordex: Nordex accepts US clients. It uses SpotOption’s newest trading platform. Average payout ratio is 85%. Nordex offers up to 100% deposit bonus. It provides customer support through phone and tickets.
Sycamore Options: Sycamore Options accepts US clients. It uses a trading platform powered by SpotOption. You can earn up to 75% profit on winning trades, and more than 600% return on One Touch trade. Sycamore Options offers a bonus on request. The amount depends on your account size and individual package.
Tradorax: Tradorax accepts US clients. It uses the TechFinancials trading platform. Average returns are about 85%. Tradorax offers welcome bonus from 50% to 200%. It provides customer support through phone, live chat, and email.
WeOption: WeOption accepts US clients. It uses the TradeSmarter trading platform. Maximum return is 91%. WeOption is a relatively new company that has applied for regulatory licenses from the FCA in England and CySEC in Cyprus.
Winoptions: Winoptions uses the SpotOption trading platform which is advanced, yet easy to use. It offers up to 88% return rate, and up to 550% on the One Touch option. Winoptions operates as a brand of Spot Capital Markets Ltd, which is authorized and regulated by the Cyprus Exchange Commission.
IvoryOption: I voryOption accepts US clients. It uses the popular SpotOption trading platform. Average payout ratio is 85%. IvoryOption offers up to 100% deposit bonus. It provides customer support through phone, live chat, and email.
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