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There are four underlying assets that are exchanged in this type of exchange: Commodities, Currencies, Indices and Stocks. Commodities are always a constant due to gold, silver and crude oil. The most heavily marketed on a 24-hour basis is Currencies, which are usually exchanged in pairs. Indices are available to be bought and sold only at specific hours of the day, and Stocks are also commonly involved in a deal but differs between brokers.
|Broker||Bonus||Min Deposit||Payout||US Traders||Review||Open Account|
|Free Demo Account Without Deposit & Great Trading Contests (*) Tournaments are subject to Terms & Conditions and EU customers can’t access Trading Tournaments||10$||up to 92% * Amount will be credited to account in case of successful investment||Review||Visit Broker|
|1,000$ Free Demo Account Without Deposit, 100% Deposit Bonus, Risk Free Trade||10$||up to 92%||Review||Visit Broker|
|10,000$ Free Demo Account and €/$ 20 Free Bet – Binary Options No Deposit Bonus (Not for EU and UK Customers)||5$||up to 1000%||Review||Visit Broker|
|50$ Binary Options No Deposit Bonus, 10,000$ Binary Options No Deposit Demo Account & 150% Deposit Bonus! Free Trading Signals and Free Trading Contests & Tournaments!||50$||up to 96%||Review||Visit Broker|
|$100 Smart Options No Deposit Bonus (in ETH),||0.10 ETH for Regular Account | No Deposit for Wallet Account||up to 83%||Review||Visit Broker|
|20$ Binary Options No Deposit Bonus, Deposit Bonus & Free Entry to Daily, Weekly and Monthly trading Contests!||5$||up to 95%||Review||Visit Broker|
|100% Deposit Bonus, 5 Risk Free Trades, No Deposit Fees and 1000$ Free Binary Options Demo Contest Each Month||100$||up to 85%||Review||Visit Broker|
|50% up to 2500$ and More Promotions and Bonuses from time to time||10$||up to 180%||Review||Visit Broker|
|100% Deposit Bonus and / or 5 Risk Free Trades||250$||up to 90%||Review||Visit Broker|
|100% Deposit Bonus & Demo Account After Deposit||250$||up to 90%||Review||Visit Broker|
|up to 100% Deposit Bonus + First 3 Trades Risk Free! CRYPTOCURRENCY, BINARY & CFD BROKER!||250$||up to 90%||Review||Visit Broker|
Prior to starting a discussion on how you can trade binary options using the underlying assets in each of the asset classes, you must know that irrespective of the wide variety of trades available, binary trades fall into one of the following three categories:
- Range, and
A relatively young method of making trades has hit the Financial Market in recent years. It goes by several names which has drawn the fresh crowd of investors, as well as the experienced ones, to give it a try. Also called Digital Options, or Fixed Return Options, the terms of the trade cannot be changed and needs to be executed once it has been set.
The name it is best known for is Binary Options Trading. As the name suggests, an investor gets to make two decisions between two options that would bring immense profit to his portfolio. A far cry from the traditional Options, it appeals more to the newcomers because of the challenge it presents. If in the former, also called Vanilla Options, traders are not compelled to buy or sell assets at any given time, with the latter an expiry time is involved. Imagine the adrenaline rush one feels when predicting only one of two outcomes: if the price of an underlying asset will increase or decrease after a predetermined time. Add to that is the appeal that one can invest for just a little amount to start a transaction.
There are just three simple steps to consider if you want this method to work for you.
Choose a Trade Expiration. Select the expiry time that a contract ends.
Choose CALL or PUT. Select the Call/Buy button if you predict that the price of an underlying asset will end above its current price. If otherwise, select the Put/Sell button if the price will end below the current price.
Collect Your Profits. IN THE MONEY means you make a profit at the end of marketing day, OUT OF THE MONEY means you still get back something in return even if the negotiation did not end the way you reckoned it will.
Binary option trading is gradually gaining more ground in the place of main-stream trading. Unlike its conventional version the place where a purchaser must evaluate therefore several things before participating in business, it’s easy and nearly everyone can participate in it. This simplicity causes it to be well suited for people seeking to invest some cash available on the market even when an individual doesn’t have substantial information.
20 Best Binary Options Brokers 2020
It is most likely that you have come across the term Binary Options while surfing the net, even if you don’t know what it means. Maybe someone told you, or you read somewhere that you could make impressive returns trading on binary options, and it sounded too good to be true. Maybe they said you could lose all your investment in a flash of a second, and got you scared to even try. There are many in similar circumstances with many questions about binary options lingering in their minds. Before we get to any aspects of Binary options, let explore what it is first, for the sake of anyone who is completely green to the concept.
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Binary options are a form of financial trading that involves a fixed amount of pay-off or nothing. That’s why it is called binary options anyway. It is either a 1/0 or Yes/No. There is no other option between. The trading is normally carried out online. The online trade is enabled by binary options traders. The trade involves a variety of instruments like fixed return options and digital options as forex, stocks and market interest rates. That explains why some people will tell you that you can quickly double your money, while others say you can lose it all. There is a lot of speculation among the masses about how binary options work. Many people have lost their hard-earned money because of lack of information. Before you get involved, it is prudent toe sure you understand all the risks involved. You should also work with a binary options broker that you can trust. There are many binary options brokers in the business.
We seek to bust the myths and present the facts as far as binary options and binary options brokers are concerned. There is a lot of misleading information circulating around. There are not many objective options broker reviews either. This is a review of some of the best binary options brokers. The review is essentially a binary options brokers list. The review will give you a deeper understanding of how they operate. The review seeks to arm you with relevant information before you get involved with binary options. Trading in binary options, otherwise known as hedging, can be a blessing or a curse to yourself depending on how you handle. We certainly seek to ensure it is never a curse. The review will explore various aspects of the binary options brokers such as
- Trading platform
- Minimum deposit
- Maximum returns
The review will also explore the various laws and regulations governing binary options trading in various countries. It will also highlight a few dos and don’ts as far as binary options trading is concerned. We cannot promise that you make a lot of money after going through the review, but we can promise to show you how not to lose all your money. Tag along and let’s find out what binary options trading is really all about, and find binary options trading best brokers as well.. Below is a binary options broker list with some of their terms of engagement.
Note: Based on my experience, I personally recommend IQoption , ExpertOption & Olymp Trade but please read the full review to select the one that suits you especially from first 5.
Best Binary Options Brokers 2020 Comparison Table
|Broker||Min Deposit ($)||Min Stake ($)||Max Payout (%)|
|IQ Option||10||1||95||1st Choice|
|Olymp Trade||10||1||92||3rd Choice|
Best Binary Options Brokers 2020
1) IQ Option
IQ Option is a Seychelles-based online trading platform launched in 2020. It has found a lot of favor in South Africa. It is one of the best binary option brokers in South Africa. They claim to be one of the fastest growing online trading platforms, with over 25 million members to date. Their services include forex trading, stock trading, and ETF trading. There are binary options brokers too. They have over 10 million digital options on which you can trade. You engage in the binary options trade by speculating on the global market currencies, indices, stocks, and commodities movement.
IQ Option has a website and App on which you can trade. It depends on what you prefer or what is accessible to you. You go to the instruments menu and choose the asset you want to trade in. Each asset is assigned the current profit percentage. You then choose the duration that you want to explore the asset for. The end of the duration will be marked with a red line on the chart. The system will also set a deadline for making the selected trade. Then put up the value you want to trade and confirm using the call or put buttons. You have the option to sell the option before it expires. If you choose to wait until the end of the duration, you will get 95% profit if your prediction was correct or lose the investment if your predictions were wrong.
- The minimum deposit on IQ Option is $10 for a real account or $3000 for a premium account
- The minimum investment is $1
- The maximum returns are 95% profit on your stake
- IQ Option offers no bonuses.
- IQ Option is certainly one of the best trading brokers.
Expertoption is a binary options broker with a global trading platform. The platform is available to people in over 150 countries across the world. Expertoption was launched in 2020, and it has 8,707,538 registered traders so far. Expertoption is an award-winning platform, having been recognized as an award-winning platform in the China Trading Expo Shenzhen, 6-7 May 2020. The broker offers up to 100 options of assets to trade with. Expertoption does not offer its services to residents of the following countries; USA, Canada, European Economic Area, Switzerland, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan.
Expertoption operates both website and app trading platforms. You can log in to your account on any platform you feel comfortable with. They offer a free demo account too, for novice traders to first test their knowledge before investing any money. The platform has an education center for green beginners too. There is a lot of educational material on the center that you can go through and get relevant insight pertaining to binary options trading. The platform is quite responsive, and it runs 24/7. It offers the following technical analysis tools.
- Four chart types, eight indicators, trend lines
- Social trading – this feature allows you to watch other people around the world closing deals, or to trade with your friends
- The demo account gives you $10000 to try out with
The platform offers five types of trading accounts as follows;
- Basic – this account is for people who prefer a light start. The minimum deposit for this account is $50
- Silver – this account includes free consultations. Apparently, many people choose to start here. The minimum deposit is $500.
- Gold – this account offers you more privileges features and smart investment tips. The minimum deposit for this account is $2500
- Platinum – this account is regarded as the ultimate account for serious investors. The platform offers exclusive account management and their best expertise. The minimum deposit for the account is $5000.
- Exclusive – this exclusive account is only an invited-persons only account. It is reserved for people with the highest returns. You can contact your account manager about it, that is if you already have a platinum account.
The maximum returns can go up to 95% profit on the invested amount.
3) Olymp Trade
Olymp Trade is a Cyprus-based online trading platform launched in 2020. The platform boasts of over 20000 traders in a day. It is currently registering a growth 7% in payouts every month, with last month’s payouts totaling to $ 7 969 557. Olymp trade is yet another incredible option for a beginner. It has very insightful educational resources for trading. It is one of the best binary options brokers in Nigeria.
Olymp trade runs web, android and apple trading platforms. They offer a demo account that you can experiment with first before moving to a real account. It is one of the best binary options brokers with demo accounts. They offer 24/7 trading and over 60 assets that you can trade with. The trading platforms are quite responsive and self-explanatory. The process of setting up and completing a trade is quite simple. The platform also offers you trading signals from experienced VIP traders, to help you make profitable trades.
- The minimum deposit is $10
- The minimum investment is $1
- The maximum returns are 92% profit on your stake
HighLow is an Australian based binary options broker. A number of platforms won’t admit Australian traders. This is one of the best Australian binary options brokers. It is a great platform for those who like trading for short duration times. It is one of the best 60second binary options brokers. The platform prides itself in a wide range of binary options and some of the highest payouts. They have done over 200% profit on investment payouts. HighLow runs on the MarketsPulse trading platform. It does not accept trader from the US though.
HighLow has a web, Android, and iPhone Apps trading platforms. They offer a demo account for beginners with a $50 bonus upon sign-up. It is one of the best binary options brokers for beginners. It allows them to test their knowledge before putting in all their money. You select the instrument you want to trade from the top toolbar. It has the current market value indicated on it. You then set up the duration you want to trade for and confirm. There is an expiration duration line beyond which you cannot make any changes on the investment. Your speculations should not go out of the set high and low marks.
- The minimum deposit is $10
- The minimum investment is $1
- The maximum returns are 90% profit on your stake
- There is a bonus of $50 upon signup
- HighLow is one of the best binary options brokers with low minimum deposit.
Optionrobot is a high-risk high-return binary options trading robot service. If you are not shy of taking huge risks with high potential returns if all goes well, then Optionrobot the platform for you. The platform’s robots generate trading signals and execute the trade directly to your broker account. Optionrobot boasts of an 83% winning rate. That’s rather impressive. You might not want to stake money you cannot afford to lose on Optionrobot though.
Joining Optionrobot is quite easy and straightforward. You just sign-up, make a deposit and set up your robot to start trading. Optionrobot features three trading systems. The systems have different risk levels. They are;
- Classic System – this system has the lowest-risks, and the lowest potential income as well. It is considered the safest and secure. The prospects of making any substantial returns are quite slim though.
- Martingale System – this system offers you the highest possible returns, but also the highest risks. If you get it right on this system, you’ll be smiling all day long. The risks of losing your money remain high though.
- Fibonacci System – this is the most accurate system. It is a middle-ground between the two. It strikes the critical balance between returns and risks. You could lose money as much as you could win some.
The other important aspect of the Optionrobot is the trading indicators. These help you set up the robot. The robot monitors these indicators as long as it is active, and makes decisions based on the settings you provide. Optionrobot has six trading indicators that you can make use of. You can work with multiple indicators depending on your knowledge of them. All the indicators need to send a sell signal to the robot for it to sell though. They also need to all have a buy signal if the robot is to buy. The signals include;
Ayrex is yet another binary trading broker from Cyprus. Ayrex launched its platform in 2020. It is however not regulated by CySEC though. The company has applied for licensing from CySEC. The platform boasts of over 230000 subscribers to date. It also takes pride in some of the fastest trading speeds with 99.95% of its trades taking place in a mere 28ms. The platform allows direct or high low speculation on the trend of the asset you choose to trade with. Except for the being unlicensed Ayrex seems like the ultimate binary options trading broker.
Ayrex has a very interactive and responsive website. They also operate Android and iPhone Apps. You can choose to log in to any of these platforms depending on which one works best for you. Ayrex offers several trading accounts. One of the accounts that stand out is the Islamic account. Ayrex has put up an account for Islamic people, that is in full compliance with sharia laws. Trading on Ayrex.com is easy and straightforward.
- First, you register for a free account
- You will have to verify your identity
- You then make the minimum deposit of $25
- Click the start trading button
- Select the options you want to work with. Ayrex has a couple of options.
- Choose the asset that you want to trade with
- Speculate depending on the option you have chosen
- Stake the amount you want so long as it within the minimum and maximum investment values
- Confirm the trade before the deadline and wait for the results.
Ayrex may not be the best platform for beginners. There is not much learning material or guidance resources available. You need to know how to analyze the market and make correct predictions before you engage on the platform. Otherwise, you will be risking losing your capital. You can choose a demo account first before engaging on the real account so that you get to learn the ropes.
On the short-term direct speculations, Ayres pays up to 80% profits on the invested amount. The long-term or high-low speculations could attract a payout of up to 85% profits on the invested amount. Ayrex has frequent trade signals that have been proven to have a winning rate of 60%. That’s is not a winning rate you want to put your trust one if you are not experienced though, considering their payouts are a bit low. All factors considered, they are still one of the best binary options brokers 2020.
Cryptorobot365 is yet another Seychelles-based binary trading broker. It mainly deals with cryptocurrencies. You can trade with Ethereum, Bitcoin, Monero, Litecoin or Ripple. The platform, unlike the others, is quite straightforward. You just buy the cryptocurrency of your choice under speculation that it will appreciate in price. The platform is an automatic platform. It monitors the trends in the cryptocurrency market and sells or buys cryptocurrency on your behalf to help you make profits.
There is not much to learn about the Cryptorobot365 trading platform. They have web and app trading platforms. You can choose any depending on your preference. The platform needs you just to deposit the minimum amount, select the cryptocurrency you want to trade in, and activate the robot. It is one of the best binary options robots. This model is a great option for people without sufficient knowledge about cryptocurrencies. Keep in mind that you could lose the money too. The platform has a demo account that you can use to try out first before you invest your money.
- The minimum deposit is $250
- The maximum returns are dependent on the margins of the sales made
Binaryrobot365 is yet another robot based binary options broker. Instead of you monitoring the markets, yet set the ideal market conditions and let the robot make the trade when it detects them. Binaryrobot365 claims to register up to 90% win-rate among it traders. It is a great platform for novice traders to try their hand in binary trading. Binaryrobot365 is one of the best binary options brokers in India.
Binaryrobot365 operates web and app platforms. You just sign up for an account, choose a binary robot service provider and switch on the auto-trade function. It is important to note that the binary robot you choose is a central determinant of whether you are going to make money or not. Make sure the service provider you settle for can be trusted. The robots are technically developed and are based on empirical data. Some of the market factors are non-quantifiable though. Therefore, the robots cannot guarantee you returns.
- The minimum deposit is $100
- The maximum returns are dependent on the broker you choose. The returns range between 85% and 90% profit on your investment.
Binary.com is a UK-based binary trading broker. It has been licensed by and is under the regulation of the British Isles, Malta, Ireland and the UK. It is one of the most transparent binary options brokers uk. It has made declarations of owning the company, and it is in charge of the market operations. The platform brings together aspects of gambling and binary trading. Its services include FX margins, Crypto trading via MT5 and CFDs. Binary.com offers you over 100 instruments to trade with. Binary.com also offers you interactive webinars, daily market reports and eBooks and videos for learning, all for free.
Binary.com operates a website and Android and iPhone Apps. You can log in to your account on any platform of your choice. The platform also offers you the option to trade on a virtual account before you move to a real account. Newbies to binary trading can take advantage of the virtual platform and learn the ropes. The platforms run 24/7 all year long. They have interactive and easy to understand charts to help you follow the market trends. The platforms are quite responsive too.
The minimum deposit for a bank transfer or by bank card is $10. Those with e-wallets can deposit as little as $5. You start trading by choosing an instrument to trade with and setting aside a trading duration. You have to have to complete the trade before the expiry time.
The return percentages are not fixed. They vary from time to time. You need to have more than 25 turnovers so that you can have a withdrawable amount. Binary.com also pays a 1.5% payout commission.
The bonuses are not fixed either. You can get two types of bonuses. There is the deposit bonus and the free bonus. You get the deposit bonus one you deposit money above a certain amount. The free bonus is given as per the results of your trades.
Finmax is a Bulgaria-based binary options broker. The platform was launched in 2020 and boasts of a team of financial market professionals who help people around the work trade in binary options. The platform does not admit US traders though. Finmax has a couple of awards under its belt. They are an indication of its prowess as far as binary trading is concerned. Finmax also offers some of the shorted trade durations. You can set the trade to last for as little as 30 seconds. You can also set long durations. They can be as long as six months, depending on your speculations.
The trading platform allows an easy sign-up process. It has a lot of educational materials. You have access to eBooks, videos and live webinars from the financial market professionals. Finmax also offers a free demo account that you can use to familiarize yourself with the account. Finmax offers five types of real trader accounts. They are;
- Bronze – this trader account has a minimum deposit of $250 and full access to all the features. It also attracts up to 25% bonuses and as well as a payout of 75% more than assets.
- Silver- this account requires a minimum deposit of $1000. It features risk-free trading for up to 25% of your deposit and up to 50% bonuses.
- Gold- this gold account requires a deposit of $5000. It features +2% of return per each trade and up to 100% in bonuses
- Platinum – this account requires a minimum deposit of $25000. It features +4% of return per each trade and up to 100% in bonuses
- VIP – this account requires a minimum deposit of $100000. It features +6% of return per each trade and up to 100% in bonuses
The accounts’ privileges rise with the account’s rank. The high ranked accounts have a lot more privileges.
Trading on the platform once you have the account is easy and straightforward. You choose the asset you want to trade in. You then choose the above and below points. These are the high and low points you are speculating the asset to remain within. You then choose the expiry time and complete the trade before the deadline.
Finmax offers up to 90% profits on the invested amounts. These are some of the highest binary trading revenues you can get.
FXMasterbot is yet another binary trading robot. It offers 17 forex pairs and five cryptocurrencies to trade with. FXMasterbot claims the platform made by a team of financial analytics professionals. It delivers trading signals after every minute. The system just like many robots, allows you to connect to your broker’s platform.
Engaging in FXMasterbot is quite simple. You just need to sign-up for an account, then fund your broker’s accounts and set-up the robot and activate it. The robot will trade according to the delivered signals. Unfortunately, the information available about the operation and payout of FXMasterbot is quite scanty.
You can log in into your account using the browser platform or the Apps, either Android or Apple depending on your preferences. It is not prudent to invest on a platform whose results you don’t know and have no way of finding out though. There have been various complaints from traders who have used the platform.
Binarycent is a forex CFD trading platform. You trade in binary options with forex as the asset. Binarycent has one of the lowest minimum investment amounts. You can invest as little as 10 cents on Binarycent. Binarycent works just like a majority of the other binary options brokers.
Binarycent offers three types of accounts depending on the starting capital you have. They are;
- Bronze – this is the lowest caliber trading account on Binarycent. The minimum deposit required is the $250. The account features 24/7 live video support, I hour withdrawals, 20% bonus, and a copy trading tool.
- Silver – The minimum deposit for this account is $1000. The account features all the privileges on the bronze account, plus 50% bonus, master class training, and first three risk-free trades.
- Gold – this is the highest caliber account requiring a minimum deposit of $3000. It features all the features in the silver account, plus 100% bonus, and a personal success manager.
Binarycent also offers a demo account for novice traders. You need to have a certain level of knowledge before you decide to engage in the platform though. Once you have one of these accounts, you can go ahead and choose an asset to trade with. Set up the duration and put up your stake.
Binarycent has maximum revenues of up to 95% profit on the staked amount. You can access the platform through your windows or mac browser, as well as through an Android or Apple App. Their methods of funding the account and withdrawing are quite simple. Unfortunately, the platform offers no trade signals. Your trade is solely based on your analysis and speculation, unless you have the Gold account. You can get some advice from your success manager. Either way, the decisions are still all yours. The manager can only give pointers.
Binarymate is a UK-based binary options broker. The UK has strict regulations for binary options trading. Binarymate is registered in the UK, and it accepts US traders too. It is one of the most reliable and secure binary options trading platforms. It is actually one of the most trusted binary options brokers. Binarymate offers more than 100 assets to trade with. It boasts of 5372 trading accounts in the system and $ 3452175 worth of trading volume in the last month. The platform also offers a lot of training and educational materials that newbies can take advantage of.
Binarymate operates a proprietary website, but they don’t have either android and iPhone Apps. You can conveniently access the platform from any device of your choice. The platform is quite easy to sign-up to. They have three types of accounts, each with a minimum deposit. The perks of having an account with Binarymate include;
- 24/7 live video support
- 1-hour withdrawal processing time
- Secure trading and data protection
The accounts are;
- Bronze- the bronze package features a minimum deposit of $250. You will also get a 20% bonus on your deposit.
- Silver- this account requires a minimum deposit of $1000. It also comes with a 50% bonus
- Gold- this is the highest caliber account. It requires a minimum deposit of $3000. It allows you to choose between a bonus of $250 or risk-free trades.
Binarymate offers stellar customer care support and through their live chat video agents. The agents are available 24/7. It is the best binary options brokers with low minimum deposit uk.
You have the option to start with a demo account if you are a novice to binary trading. You do not have to invest your money before you have learned the ropes and risk losing it. Binarymate is one of the few offshore binary options brokers US. It also one of the best binary options brokers usa.
- Minimum deposit: $250
- Maximum returns: 90%
- Bonuses: up to $250, risk-free trades
Raceoption is yet another highly rated binary options broker. Raceoption is UK-based and is subject to the UK’s strict laws and regulations. The brokerage was launched in 2020, and it has one of the friendliest platforms. Raceoption accepts traders from all over the world, including those from the US. The platform boasts of average trader earnings of 1217 per month. It has 1570 traders as at the moment and more than $1.9 million in trader earnings per month.
Raceoption operates a user-friendly proprietary website and an App on both Android and Apple platforms. Raceoption offers three types of accounts. You can sign-up for any one of them depending on the starting capital that you have. The platform offers you over 100 assets that you can trade in. Trading on the platform is quite easy and straightforward too. Below are some general steps;
- You first select the asset you want to trade in on the drop-down menu.
- Choose your preferred expiry time
- Choose the amount you want to invest
- Confirm the trade before the deadline allowed
- You will profit with a fixed amount if it turns out you were right.
Raceoption has the signature three accounts. They are;
- Bronze- this account requires a minimum deposit of $250. It features a bonus of 20%, 24/7 live support, I hour withdrawal, demo account and copy trading tool.
- Silver– this account requires a minimum deposit of $1000. It has all the features in the bronze account, plus 50% bonuses, a master class training, first 3 risk-free trades and an individual account manager.
- Gold- this is the ultimate account on Raceoption. It requires a minimum deposit of $3000. It has all the features in the silver account, plus integrated technical analysis, and up to 100% in bonuses.
Raceoption has a wide range of funding and withdrawal methods. You can choose one that suits your convenience. Raceoption has up to 90% payout profits. These are some of the highest payouts in the industry. Many brokers do not admit USA traders. Raceoption is the best binary options brokers for USA traders. It is one of the best us regulated binary options brokers.
Automatedbinary is a binary options trading robot. It is a great service for novice binary traders and veterans as well. It allows you to work with several binary options brokers. You can connect your robot account with several binary options brokers too. Automatedbinary offers you three robots plans depending on the level of risk you are willing to take. Keep in mind that high-risk options mean you can easily lose the money, but you will get a pretty sum if you turn out to be right. Low-risk options may not have high returns even if you are right.
Automatedbinary runs a proprietary website and an App on both iPhone and Android platforms. Engaging on the platform is quite simple. You just sign up, choose the broker you want to work with, and fund the broker account. Keep in mind that the payouts and bonuses you get are dependent on the broker you choose. The brokers have different accounts on offer depending on the amount you can deposit as the minimum deposit.
You then embark on setting up the robot. Choose the risk plan you are willing to work with. Automatedbinary offers three risk plans. They include;
- Safe classic – this is a basic low-risk plan. It is a great place for novice traders to begin so that they have time to study the trends before possibly losing a lot. You can set the trade amounts to be anywhere between $5 and $500.
- Compound martingale – this is a high-risk plan. It is mainly used by casino gamblers. This plan is better for a veteran who has studied the trends for a while and knows what to do when. You can easily lose the money on this plan, but you will be smiling all day long if you turn out right.
- Accurate Fibonacci – this plan is a middle ground between the latter two. Many traders choose this plan. It represents reasonable risk levels and impressive returns when your speculations are on point. You could still lose though.
The next part of setting up the robot is the match indicators. The indicators are the prompts that tell the robot when to buy or sell. Automatedbinary offers six indicators. You can choose one that you are comfortable with, or multiple if you know how to work with them. Keep in mind that the indicators must send identical prompts for the robot to execute any trade. If you are using two indicators, both indicators might signal to buy for the robot to sell. It applies the same if you are using six of them. More indicators reduce the risk involved in the trade. However, you might end up with zero or very little returns if you combine too many indicators. Automatedbinary works with the following indicators.
- TREND indicator
- CCI indicator
- RSI indicator
- Williams indicator
- Stoch indicator
- MACD indicator.
Zoomtrader is a Belgium-based binary options trader. Just like many others, it offers the opportunity to trade in stocks, forex pairs, and commodity movement. Zoomtrader has a very interactive platform. However, the platform has no information about its previous trades or revenues generated. That is always a red flag.
Just like all the others, Zoomtrader offers web and mobile trading platforms. It features three types of trading accounts. The accounts are as follows;
- Bronze – this account requires a minimum deposit of $1000. It has one trading strategy, weekly market reviews, and an introductory video course.
- Silver – this account requires a minimum deposit of $5000. It features two trading strategies, daily and weekly market reviews, introductory and advanced video course.
- Gold – this account requires a minimum deposit of $100000. It features five trading strategies, daily and weekly market reviews, introductory and advanced video course, individual account manager, weekly one-on-one trading sessions and same day withdrawals.
ZoomTrader features payouts of up to 83% profit on investment and bonuses of up to 100% on the first deposit.
Hyoption is a binary options broker that is licensed by CySEC. It is owned by a company called HYCM based in Cyprus. Hyoption just like many other brokers allows you to trade in binary options using various assets. It offers up to 100 assets that you can trade with. Hyoption does not offer much information regarding how many subscribers they have on the platform, or the revenues collected. Their trading platform has similar features as many other brokers that we have reviewed.
The Hyoption trading platform is user-friendly and features most of the basic features we have become accustomed to. They operate both proprietary webs and Apps on both Android and iPhone. The system allows you to choose an asset of your choice and speculate on its trend over a preferred period of time. Hyoption have a wide range of options with regard to time. The options range from 30 seconds options to 1-month options.
Hyoption has a very straightforward and easy to use the account. The minimum deposit for a Hyoption account is $100. The minimum investment amount is $5. It offers maximum payouts of up to 83% profit on the invested amount. Hyoption offers bonuses of up to $10000 for new traders. The bonuses are subject to terms and conditions regarding their withdrawal though.
24option is an online trading platform based in Belize City, Belize. It has been around since 2020, and it is one of the most stable and reliable trading platforms. It is under the rules and regulations of CySEC (we are going to talk about this later on in the review). 24optios’s binary trading is enabled by a third-party entity named TechFinancials trading platform. 24option does not accept traders from the US and Australia.
24option has a website and Apps on both play store and Apple store. Once on the platform, you choose the CFD (contract for difference) you want to trade with on the upper toolbar. There is a filter to control the CFDs you want to see. The platform features indices, forex, stock, and commodities. Next is to choose the direction in which you want to invest. There are numbers in the Buy/Sell buttons that indicate the points required to pass for a successful trade. You trade has to be higher than the number indicated in the buttons. Then choose the duration for which you want to trade and confirm. The graph will show you the progress of your trade. Green means your speculation is positive while red means they are negative.
- The minimum deposit on 24option is $250
- The minimum investment is $24
- The maximum returns are 88% profit on your stake
- There are bonuses of up to 100%
- Regardless of a high minimum deposit 24option has already carved a name for itself as one the best option trading brokers.
Binomo is yet another Seychelles-based binary options broker that has been in operation since 2020. It has been providing brokerage services for Russians. Binomo is registered and regulated by the EU. Binomo prides itself on unique and affords trading conditions. It is hailed as one of the safest and most reliable binary trading platforms in the industry. It is a great platform for binary trading newbies too. It has a wide range of training resources.
In 2020 Binomo had the best trading platform. It still has one of the best trading platforms today. When the platform was launched in 2020, it shook the market and won Binomo a huge chunk of the market. Binomo offers up to 80 assets that you can trade with. The assets include some of the worlds largest companies. Binomo offers four types of accounts each with different privileges depending on the minimum deposit. The accounts are;
- Demo account– this account is meant for novice traders to experiment before they start staking actual money.
- Standard account– the minimum deposit for a standard account it as low as $10. This account allows you access to the real market and analytical support. You can also take part in tournaments and special offers. This account has payouts of up to 83% profits on the staked amount.
- Gold account– this account has a minimum deposit of $500. The privileges of this account include an expanded list for trading assets, a personal manager, bonus funds and 5% refund on losses. This account has payouts of up to 86 % profits on the staked amount.
- VIP account – this account attracts a minimum deposit of $1000. It is accompanied by privileges such as 10% refund on losses, the widest choice of assets, personal manager accessible on skype, and 4 hours withdrawals. This account has maximum payouts of up to 90% profits on the staked amount.
Best Binary Options Broker Selection Guide
The reviews above are meant to give you insight about how binary options trading works and the various brokers involved. Our aim is to ensure you have a blissful and profitable trading experience. It would be unfortunate for you to invest your hard-earned cash into a certain platform, only to lose it all. Before you settle on any of the brokers, there are a few common factors you are supposed to consider. The factors are;
Licensing and Regulation
The binary options brokers are supposed to be licensed for operation by the relevant authorities. They should be operating under the regulation of these authorities. The regulation is always in place to ensure you are protected from scams. If you are not a financial analysis professional, it would be difficult to tell whether the market trends being displayed on the charts are real. The regulation is meant to ensure the brokers do not take advantage of the naivety of some traders. Regardless of any reviews you might have seen about various brokers, ensure the broker you choose to trade with is licensed and under regulations. For instance, CYSEC is one of the most respected regulation bodies. It regulates brokers based in Cyprus. It might be challenging to best binary options brokers for us traders because of USA’s tight regualtions.
Ultimately, you can only invest the amount that you have. Take time to explore the various binary options brokers whose minimum deposits you can meet. Fortunately, many of the brokers have broken down their services into various packages for people with different financial capabilities. Check relevant reviews to find out which of the brokers whose minimum deposit you can meet is best for you. They are a number of brokers with very minute minimum deposits.
Different brokers offer different percentages of payouts. Obviously, everyone would want the broker with the highest payouts. Compare the payout and other factors such as customer support, market signals and tips, educational materials, and others. This will help you judge how fair the payouts the broker is offering are.
The reviews and guide above should help you choose your best-suiter binary options broker. We sincerely hope this review can help you trade in binary options profitably. The review has some of the top binary options brokers. You should be able to get a great binary options broker. Happy trading!
Top Binary Options Brokers who offers Binary Options No Deposit Bonuses!
Many binary options brokers offer bonuses, and they take many forms. Binary Options No Deposit Bonuses North America Welcome in 2020, however, do not require you to add any funds, and this is great for new traders from USA & Canada. This means you can register and receive your free money. By using the free bonus, you can make some mistakes knowing that it isn’t going to cost you personally.
You may choose to use the free funds to get familiar with a binary options platform and try out both the web platform and the mobile app. Making sure that you are happy using the platform in a live trading environment will ultimately improve your trading experience. While many brokers offer a demo or virtual account, which you should take advantage of, it’s never quite the same as trading for real.
If you have spotted a broker that is offering newly registered investors a no deposit binary options bonus and have decided that you wish to take advantage of it, usually the only thing that you need to do is to register for a trading account with that broker. Sometimes, there is a promotional code that must be entered into the website at the time of registering in order to benefit from the current offer. The signing up process is usually extremely simple, just requiring a few personal and financial details, and then once this has been done, the broker themselves will place the stated amount of funds into your account, ready for you to use to get started with your first few trades.
These days only a few binary options brokers accept North America Customers (traders from USA & Canada)! At this moment number one binary options no deposit broker for North America customers (USA & Canada), but not only because this broker accepts clients from all over the world, is Pocket Option Broker!
A No Deposit Binary Options Bonus has advantages for both the binary options broker and binary options investor alike. The broker who is offering this promotion type will almost certainly receive a greater number of sign-ups just by offering this deal, while the investors themselves are able to enjoy receiving free funds with which to trade placed in their account. This “free money” enables the trader to experiment with their trading style and to have a risk free investment opportunity. This is especially attractive to new investors, who are in the process of developing their own trading strategies and may not want to take a risk with their own money at this early stage in their foray into binary options trading. Novice traders can view binary options no deposit bonus as the ideal opportunity to get to grips with the process of executing trades and develop a foothold in the market. There are also advantages for more experienced investors who wish to use this type of bonus as it represents the perfect chance to try out a new strategy or experiment with a different style of trading that they are unfamiliar with to test its success.
Binary Options No Deposit Bonuses North America Welcome in 2020
Binary Options Bonus – All You Need To Know!
Welcome To Topbinaryoptionsbonus.com!
It is our pleasure that you’ve decided to visit us today and therefore, we gladly welcome you!
Welcome to Topbinaryoptionsbonus.com!
On this site, we are committed to letting you know about the best binary option bonuses from ONLY legitimate brokers even before anyone else does. We NEGOTIATE the best bonuses with the brokers for your own sake! Just browse around the site to find the best bonus that meets your need.
What is a Binary Option Bonus?
A Bonus is a promotional incentive offered by legit brokers in order to persuade a trader to register a live money account with them. They are really FREE MONEY given to you by the broker in exchange for either signing up or funding your account.
In the past, bonuses weren’t existing in the Binary Options market but as competition got tougher between the various brokers, many of them started offering first Deposit bonuses as a means of attracting new clients. This is the reason why many brokers now offer one type of bonus or the other for every new client.
Nowadays, it is very difficult to convince a new trader to deposit huge sums of money of up to $2000 for trading with a Company you know nothing about. Brokers have found out that with a bonus, this is some what achievable.
Today, almost every brokerage company in the binary options industry offer one kind of bonus or the other either for new clients or returning customers.
Many traders find it difficult to believe that brokers really provide free money for trading. Some even think that those who offer bonuses are probably fake or scam. No! they are not fake. It is simply a marketing strategy because giving out these bonuses encourages traders to register and make a real money deposit in the long run.
Without this kind of marketing strategy or investment, the broker may miss the client because without the bonus, the customer might have never registered with the broker in the first place. This kind of client is very likely to become a loyal long term-customer and therefore, the broker would be able to realize any marketing cost for that client in the long-run.
In as much as we regard the bonus as a “free money”, you have to note that most bonuses are tied to a real money deposit. Why this seems strange on first view, it makes a lot of sense.
From the broker’s point of view, the aim of offering the bonus is to get new real money traders and not just sign ups.
If the new clients don’t make real money deposit, then traders would just sign up, claim the bonus, make some trades, cash out the whole money and move to other broker offering similar promotions. Assuming this were possible, then brokers would go bankrupt and cease to exist after some time. So, the whole idea of making a real money deposit after some time is very normal and does not have any negative implication in any way.
A bonus is just as it sounds and cannot be withdrawn immediately!
Just think for a moment – If everyone were allowed to withdraw a bonus offered by a binary options company immediately after registration. This is logic and very simple to guess – everyone whether a trader or not would register with the broker, claim the bonus and withdraw everything thereafter.
This is the reason why brokers put in place the so called “trading requirements”, most of the time including associated terms and conditions which must be made known to the client before hand.
These requirement usually demand that the client must perform a certain volume of asset trading before being able to withdraw the allocated bonus. For instance, if you were given a $200 bonus and the broker requires that you must perform 20x the amount of bonus before being able to withdraw – this means you must carry out trades worth 20 x 200 i.e. $4000 in order to withdraw the bonus as well as any profits or losses made during your period of trading.
Please note that this type of trading condition is put in place ONLY for bonus traders. Real money traders without bonuses will be able to enjoy freedom of trading and cashing out all or part of their funds anytime they wish without any strict conditions attached.
Also, you have to note that the trade volume is a normal thing and are in place to prevent people from abusing the bonus by withdrawing it and leaving without conducting any real trading activity for which the bonus was meant.
It is wise for you to take time and study the terms and conditions associated with any bonus offered by any binary options broker before applying to use the bonus.
Types of Binary Options Bonuses Offered by Brokers
- Deposit Bonus
- No Deposit Bonus
- Rebate Bonus
This is the most common type of bonus offered by most binary options brokers. Just from the name, you’ll be able to get the whole idea behind these kind of bonuses. Simply, when you deposit any sort of funds, you receive a bonus!
Usually a first deposit bonus is offered to clients registering with a broker for the first time and they are often the largest in the market enabling the trader to trade with much more money than what they have deposited.
Often times, brokers present traders with two types of first deposit bonus.
One is where you receive a fixed amount of money for a certain amount of payment you make. For instance, when you credit your account with $500 – $1000, you receive additional $300.
The second is the one that pays a certain percentage of the payment you make as a surcharge. It is common to see brokers presenting new traders with bonuses ranging from 5% to 50% of their initial deposit. In a case of 50% bonus, when you make payment of $1000, you receive an extra $500 thereby bringing your total account equity to $1500.
Nonetheless, first deposit bonus often has a limit. For example, the 50% bonus could be limited to a $1000 investment and any additional funds won’t be covered by the bonus. This means that if you decide to invest $5000, you will only get bonus for the first $1000.
One tactic used by many scam brokers is to lure new traders deposit with them by offering a very high percentage bonus on initial deposit. Figures could be as high as 500% – 2000%. Or they could make promises that look too good to be true and are simply unachievable.
There are many of them around the web and it is pretty easy to fall for them. In order to avoid these kind of brokers, always ensure you use the bonus offered by brokers we recommend on this site, Topbinaryoptionsbonus.com. This is because we do the hard job for you by carefully selecting the best bonuses offered by ONLY accredited and fully regulated brokers and then deliver them to you in a simple style.
The other type of deposit bonus is the one offered when an already existing client funds his/her account long after their first deposit. This type is usually rare among binary options brokers because they know that there’s a high possibility of a long term customer funding their accounts again and again for the purpose of trading.
No Deposit Bonus:
Like it’s name suggests, you are not required to make a deposit before you start trading.
Any broker offering this kind of bonus is willing to give you REAL FREE MONEY to kick start trading on their binary options platform.
The money given in this format is not “play money” or “virtual funds” or any sort of thing like that.
The money received in this aspect will act as real money as such you’ll be able to use it to buy real binary options contracts. Also, any profits generated in the process will be paid out as real money to the bonus owner.
However, no-deposit bonuses are usually very small and are usually somewhere between $5 – $100. It is often difficult to find a broker that offers above $100 unless it’s a fake one of course.
Though very rare, with that small amount of no-deposit bonus, some traders will be able to carry out successful binary options contracts that there will be no need to deposit again. In this case, the whole profit generated comes from the bonus and can be withdrawn at any time.
Some traders often look for no-deposit bonuses because it gives them the opportunity of testing the functionality and features of a particular broker before committing any real funds to them. Though this makes sense but it can also be achieved by using virtual funds or demo accounts offered by the same company.
There are few companies offering this kind of bonus because obviously, not all of them can afford to give out free money to every new client. If all brokers start to do this, then there will be no need to deposit and the whole idea behind binary options trading and the intermediary broker would just be a nightmare.
Rebates are special type of financial trading bonuses offered to traders as monetary compensation for lost binary options contracts.
It is through rebates that traders are able to recover all or part of the money lost.
Often times, brokers repay between 5% to 15% of the money lost by traders on failed binary options contracts.
Normally, if you stake a particular amount of money say $5 in a binary option trade, you will lose all or get a certain percentage profit back when you win. With rebates, some brokers are willing to pay you back a percentage, usually 5% to 15% of the lost trade.
The purpose of this is generally to enhance the relationship between the existing traders and the broker. It will make the traders stay longer and trade more even though they may be having bad experiences in their trading activities instead of quitting entirely.
While standard deposit bonuses are offered as incentives to attract new clients, the objective of the rebate bonus is to make existing traders stay longer and therefore become long-term traders.
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