Plus Binary Broker Review and Latest Info and Promos

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

Contents

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

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

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
  • Reliability

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.

IQ Option: Top Binary Options Broker

Ever since the US Securities and Exchange Commission approved binary options in 2008, numerous traders have been interested in expanding their investments and exploring binary options trading. And s ince there’s an expanding list of available brokers today, it’s challenging to narrow down your choices to find the one that suits your preferences. With that, we’ve gathered the popular brokers to help you jumpstart your search.

To help you, we provide the lowdown on the top 15 popular binary options brokers of 2020 that you can consider for trading. Hopefully, the list will let you find the best broker for your investment needs and expectations, and start successfully trading on your own.

Binary options trading may have gotten a bad rap because of its all-or-nothing premise, but the high payouts keep traders coming back for more. This is why binary options markets remain strong in various regions around the world, particularly in Asia.

To avoid fraud in binary options trading, choose a trustworthy broker. These brokers can help minimize your losses and provide a measure of security for your funds. Some traders turn to smart contract-based binary options transactions to fortify their deals using blockchain technology.

Each broker also offers different options in terms of minimum deposit, maximum returns, and supported assets. Some brokers even allow traders to use cryptocurrency to fund their accounts or get payouts. The benefits of blockchain and the advantages that global fintech trends exert significant influence on the binary options trade.

To match you with the best binary options broker for your needs, we’ll take you on a tour of the top binary options brokers today. Our analysis of each broker lays out the most important features, including deposits, returns, bonuses, and supported platforms. This way, you can make an informed decision and get the best protection for your funds.

Top 15 Binary Options Brokers

1. IQ Option

IQ Option was established in 2020 and had since then received favorable reviews on the internet. It uses in-house software for trading. The maximum returns are 95%. However, traders in the USA, Australia, Canada, Russia, Belgium, Japan, Turkey, Israel, Iran, Sudan, and Syria are not accepted. IQOption Europe Ltd. is well-known for reliable broker services, as it is regulated by the CySEC.

It provides a wide array of web-based and mobile features that help make binary trading transparent, reliable, and more efficient. For instance, it offers a speed trading service with up to 5-minute increments and hourly binary options in 15-minute increments. It also offers trading expiration periods of up to a month. Moreover, its Digital Options service allows users to trade gold in over 500 assets.

IQ Option

Try out IQ Option with their free trial

This popular binary options tool offers a free demo account to help you get started. The minimum deposit is just $10 for the Real Account. And for the premium VIP account, the minimum deposit is $3,000. Customer support is currently offered via email, phone, and live chat. Finally, this broker offers multiple convenient deposit and withdrawal methods to help you trade easily.

IQ Option Key Features

  • Minimum deposit: $10
  • Minimum trade size: $1
  • Maximum returns: 95%
  • Supported trading platform: proprietary web, Android, iPhone

Detailed IQ Option Review

2. 365Trading

365Trading is registered with the CySEC and based in Cyprus. It was founded in 2020 and has since traded in the EU without issues. It primarily trades in binary options. As of this writing, US traders are not accepted.

The minimum deposit is at $100, with profits and bonuses reaching 85% and 100%, respectively. You can open a demo without deposit and try their long- and short-term expiries.

The platform, an in-house system, is robust and ideal for veteran traders. It features charts, lines, and candlesticks and provides historical analysis, functioning as a business analytics tool. The platform allows you to set up three assets with quick access shortcuts. Likewise, you can trade four assets simultaneously featuring a main window and three sub-windows.

Support is available via email and phone.

Detailed 365Trading Review

365Trading Key Features

  • Minimum deposit: $100
  • Maximum returns: 85%
  • Bonuses: up to 100%
  • Supported trading platform: proprietary, web, Android and iPhone

3. Ayrex

Ayrex is based in the UK and has a pending application with CySEC. It trades in 70 assets and is focused on binary options. As of today, US traders are not accepted.

The minimum deposit is $25, one of the lowest, while the bonus is up to 10%, 20% and 30%, based on the amount of your deposit for Ayrex account holders.

The broker uses a proprietary trading platform featuring instant withdrawals, which is unique in the niche. The interface is neat and lets you quickly jump to different trades. It’s ideal for short-term trading. High/Low options are also available.

Support includes 24/7 live chat and via email. Likewise, the system is accessible from Android and iPhone apps.

Detailed Ayrex Review

Ayrex Key Features

  • Minimum deposit: $25
  • Minimum trade size – $5
  • Maximum returns: up to 85-90%
  • Bonuses: $30 no-deposit new account, up to 30% on the trade
  • Supported trading platform: proprietary, web, Android and iPhone

4. OptionFair

OptionFair was founded in 2020 and is based in Cyprus. It is regulated by the CySEC and is also listed on the London Stock Exchange, a first among binary options brokers. US traders are not accepted. The broker trades in forex, CFDs, and binary options on 118 underlying assets.

The minimum deposit is $100, with returns up to 100%. However, there are no indicated bonuses, but you can always contact support for possible terms. The expiry time is shorter than average but makes for quick returns over short-term trading.

The broker uses its own platform that allows you to shift trading from forex to binary and to CFDs, from a single interface. It gives you access to myriad assets and instruments and a wide range of expiries. You can, in fact, trade simultaneously on forex and binaries. Mobile apps for Android and iPhone are available.

There is phone support in five international numbers, including English, Spanish, Italian, and French. Email and live chat support are likewise provided.

Detailed OptionFair Review

OptionFair Key Features

  • Minimum deposit: $100
  • Maximum returns: 100%
  • Bonuses: none
  • Supported trading platform: proprietary, web, Android and iPhone

5. BinaryTilt

BinaryTilt is an unregulated broker with headquarters in London, England, but is wholly owned by Cyprus-based Depix Holdings. Although it isn’t overseen, the broker seems to have a clean record with rare warnings from authorities. US traders are not accepted. It trades in stocks, indices, forex, and commodities across 150 underlying assets.

The minimum deposit is $250, with profits of up to 85%. Likewise, bonuses can reach 100%. Trading styles include high/low, one-touch, range, and on-demand. The stocks are also mainly US or EU-based companies.

The trading platform is SpotOption, a standard but increasingly old school tool compared to newer platforms today. The UI is familiar, and the elements are organized, good enough for first-timers to kickstart their trading without a hassle. Support is via chat, while Android and iPhone apps are available.

Detailed BinaryTILT Review

BinaryTilt Key Features

  • Minimum deposit: $250
  • Maximum returns: 85%
  • Bonuses: up to 100%
  • Supported trading platform: SpotOption, web-based, Android and iPhone

6. GTOptions

GTOptions is another Cyprus-based binary options broker. It uses the SpotOption trading platform, which is one of the most dependable web-based solutions in the market today. Its interface is smart and easy to use, with color-coded buttons and tabs arranged per type of trade offerings and asset offerings to be traded.

This binary options platform also offers several intuitive tools to help traders achieve better outcomes. For instance, it has a risk management feature that allows traders to cash in on their live trades before contract expirations. Likewise, it has a binary meta mode that supports high-level trading, specifically designed for professional traders.

Finally, the vendor offers 24/7 customer support and provides an extensive library for education and reference purposes.

Detailed GTOptions Review

GTOptions Key Features

  • Minimum deposit: $250
  • Maximum returns: 81%
  • Bonuses: Below $1000 50% bonus, above $1,000 100% bonus
  • Supported trading platform: proprietary, web, Android, and iPhone

7. OneTwoTrade

OneTwoTrade uses the popular web-based SpotOption trading architecture. The company provides the latest technological advancements for the benefit of its clients. OneTwoTrade has won an award for providing an efficient and safe trading platform that is relatively easy to use.

This fully-licensed binary options brokerage firm is headquartered in London. It is also highly regulated by government agencies, such as the Malta Gaming Authority. Moreover, OneTwoTrade is rigidly tested to ensure precision, stability, and quality.

OneTwoTrade offers two trading accounts; one is free, while the other is paid. The latter, called Privilege Plus, offers more benefits to users, including comprehensive market analysis, special promotions, and anytime access to senior account managers. Privilege Plus members also get either an iPhone or iPad that’s equipped with a special mobile trading app.

Detailed OneTwoTrade Review

OneTwoTrade Key Features

  • Minimum deposit: $200
  • Maximum returns: 65% to 85%
  • Bonuses: not specified.
  • Supported trading platform: proprietary, web, Android and iPhone

8. 99Binary

99Binary operates from Anguilla, a British overseas territory in the Caribbean. Started operations in 2020, this binary options trading company serves clients in the US and worldwide. It has a well-designed, comprehensive online portal that offers numerous features, tools, and trading information.

This HTML-based binary trading solution offers users the convenience of a clean, clutter-free dashboard design. Users will appreciate how the site presents data on the latest success trades of other users, which can be easily copied for later use.

Another notable feature of 99Binary is its trading turnover requirement. To cash out bonuses, customers must achieve a particular turnover quota, which goes down for every tier. This is an effective motivation for traders who love bonuses.

Detailed 99Binary Review

99Binary Key Features

  • Minimum deposit: $250
  • Maximum returns: up to 86% on Standard & 60-Seconds, and up to 350% on One Touch
  • Bonuses: To cash out bonuses, Starter level users must reach 30x turnover. For Premium users, 20x turnover is required.
  • Supported trading platform: proprietary, web, Android and iPhone

9. Binary.com

UK-based Binary.com is a licensed broker regulated in the British Isles, Malta, Ireland, and the UK. However, US, Canada, Japan, Hong Kong, and Costa Rica traders are not accepted. It is one of the more transparent companies in the industry that declares its owning company and market operations. Formerly the BetonMarkets, Binary.com blends gambling and trading but with transparency. It offers CFDs, FX margin, and crypto trading via MT5.

You can start the trading time aside from the expiry date, and the investment amount is based on the payout you set. The minimum deposit is $10, and for e-wallets, it’s even lower, at $5.

Bonuses are not standard; rather, they consist of two types–the Deposit Bonus and Free Bonus. Likewise, percentages are not specified, but you are required to have as much as 25 turnovers to avail yourself of a withdrawal. There’s also a 1.5% payout commission.

The broker supports various trading platforms, such as Binary Webtrader, Binary Bot, and Binary Next-Gen. Furthermore, it can personalize client trading needs all under one roof.

Th e platform is intuitive to the first-time trader and robust for the veteran. It features a lot of visual tools like charts and technical indicators, and the tutorials on binary options are comprehensive. Likewise, it supports 12 languages and provides a virtual money account. Mobile apps are available, with a mobile payment system.

Binary.com Key Features

  • Minimum deposit: $5 for e-wallet and $10 for debit and credit cards
  • Maximum returns: 100-1000% depending on contracts and trades
  • Bonuses: not specified
  • Supported trading platform: proprietary web, Android and iPhone

10. eToro

Tel Aviv, Israel-based eToro is a social trading network and not a broker. It allows you to copy the leading traders in its community and, hopefully, realize the same margins. Conversely, your trading can be copied, which earns you additional income.

In this platform, you invest in people, not currencies. You will have to be mindful of other traders’ behaviors and analyze their patterns or strategies, instead of learning financial charts and indicators.

No worries, eToro provides more than 16 lectures and video courses on how to hone your skills. These include identifying consistent traders, not just one-shot deals. You also get a list of the best traders on currencies, indices, and commodities across a wide range of underlying assets.

On the B side, you can share your trading insights and enroll in the Popular Investor Program as a trade authority. While the minimum deposit is $200, the maximum returns vary. The network uses its in-house trading platform with Android and iPhone apps.

eToro Key Features

  • Minimum deposit: $200-$10,000, depending on the country
  • Maximum returns: varies
  • Bonuses: not specified
  • Supported trading platform: proprietary, web, Android and iPhone

11. 24Option

24Option has been online since 2020 and is a stable and reliable broker as it is regulated by the CySEC. It uses the third-party TechFinancials trading platform. Maximum returns are up to 88%. This broker does not accept traders from the US and Australia.

The minimum deposit amount is $250, and the minimum investment amount is $24. Trade types offered are high/low, one touch and no touch, boundary, and 60 seconds.

A demo account is offered for new traders. You can enroll in Standard, Gold, or Platinum account depending on the amount you deposit and the features you want. 24Option provides customer support via phone, live chat, and email in English and 13 other languages.

24Option Key Features

  • Minimum deposit: $100
  • Maximum returns: 88%
  • Bonuses: up to 100%; 25% or $500 (whichever is lowest) for first-time depositors
  • Supported trading platform: TechFinancials web, Android and iPhone

12. ETX Capital

ETX Capital is headquartered in London, UK, and regulated by the British Financial Conduct Authority (FCA). It trades in forex, equities, indices, and commodities, but note that binary options are unregulated by the FCA. Likewise, US traders are not accepted as of this writing.

The broker takes pains in educating newbie traders, explaining in detail binary options, risk trading, and other key topics.

The minimum deposit is $100, with returns between 75% to 85%. Bonuses are not specified but are available. A call to their support should specify a personalized bonus based on your investment. Likewise, withdrawals above $100 are free of charge.

The broker uses MarketPulse as a platform. It is clean and intuitive for beginners with expiry times easy to locate. However, it only supports English.

ETX Capital Key Features

  • Minimum deposit: £200 (around $260)
  • Maximum returns: 100%
  • Bonuses: varies, personalized
  • Supported trading platform: MarketPulse, web, Android, and iPhone

13. CMC Markets

UK-based CMC Markets has been a forex broker since 1989 but only went into binary options in 2020. Still, that’s a long history of trust and reliable operations compared to most binary options brokers. On top of that, it is regulated in the UK.

Today, it trades in indices, commodities, shares, treasuries, and forex, but US clients are not yet accepted. There is no minimum deposit, and there are no bonuses, too. Returns also vary depending on the product.

Meantime, the platform is customizable and includes charting tools, pattern recognition functionality, various screen layouts, and multiple timeframes. The system is accessible from Android and iOS devices. Support is UK-based and consists of live chat, email, phone, and fax.

CMC Market Key Features

  • Minimum deposit: no minimum deposit
  • Maximum returns: up to 95%
  • Bonuses: none
  • Supported trading platform: proprietary web, Android and iPhone

14. EmpireOption

Founded in 2020, Uruguay-based EmpireOption with a registered address in London, England. As with most brokers, US traders are not accepted. The broker trades in forex and CFDs with a diverse underlying investment portfolio.

The minimum investment is $200 and up to 80% maximum returns. Likewise, bonuses can reach 100%, but terms apply.

The trading platform is SpotOption but minus the SpotOption payment network. EmpireOption also uses its own branding interface and maintains control of most of the trading aspects.

Phone and email support are available.

EmpireOption Key Features

  • Minimum deposit: $200
  • Maximum returns: 82%
  • Bonuses: up to 100%
  • Supported trading platform: SpotOption, web, Android, and iPhone

15. BinaryMate

Binarymate is a UK-registered broker that is reliable as it follows the strict financial regulations of the UK. It accepts US traders. This broker uses a unique in-house platform for trading. You can earn a maximum return of 90%.

Trading accounts start with the basic Bronze package for which the minimum deposit is $250, and you get a 20% welcome bonus. For Silver account, the minimum deposit is $1,000, and you get a 50% welcome bonus. Finally, for the premium Gold account, the minimum deposit is $3,000, and you can choose between risk-free trades or a bonus of $250.

A unique customer support feature offered by Binarymate is live video chat with agents who are available 24/7. Support is offered in English, French, Spanish, and Russian. Last but not least, you can use the demo account to learn the ropes or to improve your skills. Before you decide on a broker, though, it’s always best to make a binary options brokers comparison first to make sure you pick the best service.

BinaryMate Key Features

  • Minimum deposit: $250
  • Maximum returns: 90%
  • Bonuses: up to $250, risk-free trades
  • Supported trading platform: proprietary web, Android and iPhone

How to Succeed in Binary Options Trading?

Many people pursue to trade in binary options even though many fail. This is because of the ease of trading, coupled with the high-profit potentials it offers. However, with thousands worldwide continuing to trade in binary options every single day, is it still possible to succeed in this lucrative trade?

A good place to start is to have an authoritative list of today’s top binary options brokers. So that’s now a check. Likewise, make sure you have the appropriate payment gateway providers for seamless payment transactions. Finally, check out these key elements that will help you succeed in binary options trading:

  • Learn how to interpret historical, current, and predicted charts.
  • Test various trading strategies and use one that works for you.
  • Always consider market indicators.
  • Learn to control your emotions, use them to your advantage.
  • Trade by capitalizing on your strengths and follow your signals.
  • Prepare and stick to a personal, long-term trading plan.

Yes, because of the high stakes involved, trading in binary options is really difficult and high-risk. But if you’d take the time to learn the ropes and sustain your commitment to it, it is realistic to succeed in the binary options trade.

Check out our 2020年最受欢迎的15家二元期权经纪商:哪一家是最好的? article for a Chinese version of this article and 15 nhà môi giới quyền chọn nhị phân phổ biến của năm 2020: Ai mới là tốt nhất? is available for the Vietnamese audience. There is also a Korean version available here: 2020년 최고 인기 바이너리 옵션 브로커 15개사, 누가 최고일까?

7 Binary Options

Currently, there are more than 400 trading platforms or brokers. This was not the case in 2008 when binary options trading started since there were about 10 trading platforms. The emergence of many brokers has been good since it has created high competition, which is beneficial to investors in terms of more bonuses and high returns.

Binary Options Broker Comparison

When you start trading in binary options, one of the most important decisions is in choosing the right broker. This is a task we have made easy for you since we have looked and tested for the most reliable and best brokers and included them on our binary options broker comparison.

Browse our website with full confidence, we provide most reliable, accurate and up to date info about brokers from all over the world.

Get started with 3 easy steps:

Choose a broker from the list below

Best Binary Options Brokers and Trading Platforms:

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

Binary and digital options are prohibited in EEA

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

(*Amount will be credited to account in case of successful investment)

Register a broker account

I personally use six different brokers for trading and recommend all serious traders to open a few accounts to different brokers in order to have a good variety of assets.

Start trading with four easy steps:

Best Binary Options Brokers for 2020

Currently, there is no regulator who can oversee and regulate all binary options and Forex activities across the world. Over the years, there has been a remarkable increase in these trades. This may be attributed to the increased accessibility and advances in technology across the globe. As a result, various regulatory bodies have been formed to regulate binary options and Forex activities.

In most cases, such bodies operate within certain geographical regions and their main task is to monitor the various binary options and binary brokers in such regions in a bid to protect traders and monitor the best practices by such brokers.

Many binary options and Forex brokers have enticing trading platforms in addition to a horde of fabulous attractions for their traders. With this in mind, many traders are wondering whether it is okay to just invest in any binary options or Forex broker. The truth is that not all brokers in the market today are reputable, just like in the online poker market. In the U.S.A, for instance, there are strict regulations that have been imposed for the brokers in the region to be in a position to accept US-based traders.

It is such regulations that make some brokers not to accept traders from certain geographical regions. Rather than go through all the trouble to ascertain the best brokers in the market, we have researched the market comprehensively and are happy to present to your the best binary options and Forex brokers this year.

All the binary options and Forex brokers we have recommended on this page have been tested and approved to be genuine and to deliver up to their promise. We have also gone a step further to group the recommended brokers according to the regions they operate, such as the list for best Indian binary options brokers. As such, you just have to find your preferred broker from the following list, based on your geographical location, after which you just need to sign up and start trading right away.

Residing in the United Kingdom offers traders two main benefits, with regards to binary options and Forex trading. While in the UK, you can trade with virtually any broker, without being affected by any regional restrictions. Again, you can also choose to trade with the brokers who are regulated by Cyprus Securities and Exchange Commission (CySEC) and are registered in Financial Conduct Authority (FCA), the two main regulatory bodies in the UK. The two are also the most predominant licenses when it comes to Binary Options brokers.

As such, it is advisable to choose a broker that is regulated within Europe.While traders from the UK have a freedom to choose any broker that seems appealing to them, including offshore regulated and unregulated brokers, it is highly advisable that you research on your preferred broker before investing your money with them.

Top Brokers for UK Customers

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

Binary Options trading is incredibly popular with Australian traders, and it seems to be growing in popularity with each month. Binary Options trading is not banned or illegal within Australia, and brokers based in or outside of Australia can offer their services to Australian traders.The increased demand in online binary options, binary options brokers in Australia and Forex trading has led to the formation of a regulatory body in Australia, the Australian Securities and Investments Commission (ASIC).

However, it is not illegal for people to participate in this form of binary options trading in Australia. In this regard, brokers from Australia and other parts of the world can offer their services to people based in Australia. Currently, there are many brokers in the country, some that are offshore and others that are licensed and approved by the ASIC. We have tested and verified all the platforms on our list of brokers to be reputable in Australia.

Top Brokers for Australian Customers

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

Binary Options in Canada

Although online trading is allowed in Canada, there is still no overall regulatory body for the entire country. Instead, each of the 10 Canadian provinces has its own online binary options and Forex trading regulatory body. Among the regulatory bodies in the country is the Investment Industry Regulatory Organisation of Canada (IIROC).

Although this body is capable of formulating and enforcing laws in the Canadian trading markets and securities, it cannot do the same when it comes to online trading.We have taken time to review and evaluate each of the brokers offering their services to the Canadians. Canadian binary options brokers As such, the list provided here comprises of the brokers offering convenient banking support and options for online traders in Canada. Just click on the above link, review the various brokers and start trading right away, with your preferred broker.

Top Brokers

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

When it comes to binary options and Forex trading, traders in Europe are some of the most fortunate traders across the globe. Among the renowned regulatory bodies in Europe is the Cyprus Securities and Exchange Commission (CySEC). This body enforces a strict regulatory process, which includes Markets in Financial Instruments Directive (MiFID). According to this body, european binary options brokers that are licensed by CySEC can accept online traders from any member state, within the European Economic Area.

Additionally, CySEC happens to be the main regulatory body for binary options traders.Traders in Europe also have the option of trading with offshore binary options and Forex brokers. This leaves European traders with a multitude of options, with regards to both online and offline binary options and Forex trading. However, you still need to research on any given broker before trading with them.

In this regard, we have extensively studied all the available brokers for European states and have provided a list of the best binary options and Forex brokers in the region. Just go through the list, select your preferred broker, sign up and start trading right away.

Top Brokers for European Customers

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

If you are living in India, you’ll be able to trade absolutely any type of Binary Options and work with any of our top rated brokers. Having such a wide choice is truly a blessing, but can also become overwhelming when you have to choose a broker that will be the best and most profitable for you.

What are the criteria you should look into? The main body to regulate binary brokers in India is Securities and Exchange Board of India. However, since most top-performing brokers are focused on European and North-American markets, it is difficult to find a good broker licensed by this authority.

Most of traders from India choose brokers licensed in the European Union member country – Cyprus. The CySEC (Cyprus Securities and Exchange Commission) gives licenses to most of our recommended brokers that traders from India tend to use. One of the major issues for the traders from India is usually the high minimum deposit requirement for most of the brokers. The majority of our best brokers have a minimum deposit of $250. However, if you search carefully, you can find those that bring equally high results with a lower minimum deposit such as TopOption or Tradesolid.

Best Brokers for Indian Customers

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

Binary Options Brokers in Dubai, UAE

The Dubai market has an enormous potential for all binary options traders. Funded in 2000, it has 57 companies listed with a majority based in UAE. Dubai Financial Services Authority (DFSA) is the institution responsible for monitoring The Dubai International Financial Center, and the rest of the UAE is regulated by various authorities.

They are Ministry of Economy Planning, The Central Bank of the UAE and the Emirates Securities and Commodities Authority, to name the most important ones.There are various benefits that make binary options brokers from this region attractive to choose over others. Firstly, UAE market has experienced some major fluctuations over the past year. This, contrary to what some believe, is a huge plus for risky players. The market is perfect for experienced traders who are ready to take advantage of this extraordinary market.

Many experts recommend getting into binary options trading here while the conditions are still favorable and there is a big chance to profit on a larger scale. Secondly, there is an opportunity to trade during the weekends. While all other are open Monday through Friday, The Dubai Security Exchange is working Sunday through Thursday. This is a lot more convenient for those of us who prefer to trade in our free time.

Dubai is expanding very fast, both as a city and as a new attractive financial market. Many experienced traders have already taken their chance and started benefiting from this fast-growing economy with binary options trading.

Top Brokers for Customers from the United Arab Emirates:

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

Binary Options Trading in South Africa

Currently, binary options trading is extremely popular in South Africa. It became so just a few years ago, and before that there were no particular regulations for binary options brokers in this country. Nowadays, the Financial Services Board (FSB) is a government agency that is responsible for regulating financial market in South Africa and binary options brokers here.

Particularly, the FSB special task force called The Financial Advisory and Intermediary Services Agency is responsible for assuring quality binary options trading in the region.When looking for a top-performing broker, keep in mind that it is important to pay attention to the its regulation.

However, no matter what is the country of origin the broker, it should be able to suit your need and bring you benefits. That is why, traders can also consider brokers with proven results that are regulated by European authorities. There are various brokers that we can recommend in this region that have proven results and have been recommended by many traders that benefited from them.

Top Brokers for South African Customers

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

Binary Options Brokers in New Zealand

Although New Zealand is a small country, its size has no impact on the level of interest and quality of binary options trading in this region. Traders from this country are becoming increasingly interested in the opportunities binary trading has to offer. However, before choosing a broker and starting to trade, it is important to educate yourself on what to look out for in the process.

This is particularly true in this region, since binary options are just becoming known and there is a lot of tricky moments to consider.First of all, of course, that’s regulations. In this aspect, New Zealand is ahead of many other countries that still remain without regulatory bodies to help traders navigating the market.

This country assures the quality of trading by The Financial Markets Authority (FMA), a state regulatory authority that oversees binary options trading and other financial operations in the country. There are standards that brokers must keep in order to obtain and keep their license. For instance, the company must be able to function effectively and fulfill the licensing conditions imposed by FMA. The regulatory body evaluates brokers constantly to make sure it doesn’t impose threats to the state funds or its customers.

Since binary options trading is relatively new in New Zealand, traders often have limited choice of broker. On the other hand, if you wish to keep your funds in the country, you can always be sure of the licensed brokers. For those traders who are willing to trade with brokers from abroad, there are also excellent choices of top-performing brokers licensed in the UK or the EU.

Best Brokers for Kiwis

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

To become a successful binary option trader, you first need to carefully evaluate your opportunities and threats. That also includes choosing a licensed and promising broker. In the Philippines the regulatory body that is responsible for evaluating these companies is called Securities and Exchange Commission (SEC) of the Philippines. It assures that all the trading activities happening in the region are legal and in the best interests of the country and its citizens.

While there are very few brokers based in the country itself, the traders from the Philippines can also expand their search for licensed brokers that will suit their needs licensed by foreign regulatory bodies, such as Financial Conduct Authority (FCA) in the UK or CySEC (Cyprus Securities and Exchange Commission) in Cyprus. These brokers have earned excellent reputation all around the world and proved to be worthy of their reviews. Fortunately, they all accept the traders from the Philippines. Because of this, binary options trading is becoming a popular and exciting part of the life in the region.

Best Brokers for Customers from the Philippines

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

Binary Option Brokers in Malaysia

In Malaysia, binary options trading is extremely popular. There are currently two Malaysian Government organizations that are regulated and licensed binary options brokers. These are the Bank Negara Malaysia and the Securities Commission of Malaysia. After an extensive search for any regulated binary options brokers in Malaysia, we could not find one as of this writing.This is due to the fact that at this time the primary focus of the binary options market is based in Australia and Europe. However, this has not stopped Malaysian residents from taking part in binary options trading with CySEC & ASIC regulated brokers as well as unregulated brokers.

Best Brokers for Malaysian Customers

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

(*Amount will be credited to account in case of successful investment)

Binary Options Brokers Russia: Rules and Regulations

In the world of binary options trading, Russia is starting to get the reputation as a force with which to be reckoned. However, there have recently been some new developments due to recent economic sanctions which have been placed on Russia by the European Union and the US. We will then discuss the overall role of binary options in Russia as well how, if at all, the sanctions have affected the market.It is not illegal per the Russian government to trade binary options so therefore Russian citizen are permitted to do so. Traders in Russia have two options for binary options brokers and they are as follows:

  1. They are able to trade with local binary options brokers
  2. They are able to trade with offshore brokers that are regulated in other nations.

General Risk Warning:

Binary options trading carries a high level of risk and can result in the loss of all your funds

Status of Binary Options Trading in Russia

In Russia, binary options trading is viewed as a serious means of investment. However, as of this time, there are no official binary regulations in Russia. A great many of wealthy Russian residents opt to invest offshore and they make no exception when it comes to binary options trading. The issue that arises in this situation is that offshore investments are out of reach for the Russian government regulations and tax laws.

The recent increase in capital export from Russia is a clear indicator that the majority of those who trade binary options would rather offset their investments to offshore binary options brokers than deal with the few companies that trade binary options in Russia.

A great deal of the binary options brokers that originated in Russia are noticing this trend toward offshore investments and are now looking to be registered or relocated elsewhere. Cyprus is always a preferred location due to their low-tax and investment friendly persona that is present in this country.

Case in point: Dragon Options, a Russian binary options broker, is licensed via CySEC (Cyprus Securities and Exchange Commission) there is currently an estimated $31 billion in Russian funds in bank accounts in Cyprus. Therefore, you can certainly ascertain that a lot of these funds include investments in binary options.

There also exist some limitations to the amount of money that foreign clients who want to invest in binary options in Russia can send in foreign currency deposits. Presently, bank transfers from certain foreign banks and/or countries are considered illegal either under Russian law, or by the dictates of the economic sanctions.

Also, there are limitations as to the amount of money that foreign clients who wish to trade with binary options are able to send via foreign currency. Currently, transfers from certain banks are considered illegal from certain foreign countries and banking institutions under Russian law, and economic sanctions.

The current status of binary options trading in Russia is as follows:

  1. Binary options trading is legal in Russia
  2. Binary options brokers in Russia are not regulated.
  3. CySEC regulated brokers appear to be the preferred method of trading for those who currently trade binary options in Russia.
  4. Any binary options trading that take place in companies based in Russia are subject to taxation.
  5. Sanctions are currently a threat to binary options trading and investments of Russian citizens.

Implications for Binary Options Traders in Russia

A primary reason for concern for those who trade binary options in Russia is the effect that the sanctions have on their investments. A great number of sanctions have been placed on Russian business and this has had an effect on business when it comes to financial dealing with Western banks. As well it has restricted access to many foreign markets.

For example, it is now going to be quite challenging for Russian citizen to participate in binary options trading with those American-based corporations that provide services for overseas clients including Cantor Exchange. It is going to be just as difficult for Russian residents to trade with core EU binary options trading platforms. Those brokers located in Cyprus are lucky isolated from this situation; however, there is no guarantee that this will be the case in the future.

As part of the bailout to redeem the government in Cyprus from bankruptcy in 2020, the Laiki Bank, which was the second biggest financial institution in Cyprus, was closed. Those with accounts containing greater than 100,000 Euros were shut down and their funds were expropriated by the government in Cyprus. Any outstanding debts were transferred to the Bank of Cyprus, which then exploited a very large portion of those aforementioned accounts as well as those accounts containing over 1 million Euros. Most of those accounts were owned by Russian investors.

The options are as follows:

  1. Those accounts are on hold with locally based binary options brokers thus subjecting those holders to the tax dragnet.
  2. Maintaining the status quo with those trading accounts with offshore brokers, which contain the risk of more sanctions.

Due to these crippling sanctions, and falling oil prices, the Russian government is in grave danger of a major crisis. At some point, there will be a need to increase taxation or at least broaden it as much as possible with will be primary focus on binary options trading investments.

Thus as a result, binary options investors in Russia are also faced with the situation that their currency is rapidly depreciation as it is directly affected by the sanctions. In these situations, there is a tendency to rush to switch the local currency for a more stable foreign one such as the US dollar. The government will thus respond by setting strict limitations as to how much foreign currency a Russian resident is able to purchase or have in their bank accounts. This is indeed a dire and sticky situation for all those involved.

The Future of Binary Options Regulation in Russia

Heading into the future, binary options traders will have to make a great deal of tough decisions. The decrease in the Rouble means that Russian traders will now have to pay higher rates to set up an account with an offshore broker. These trades will also have to be done with caution as the selection of brokers is now a cause for detailed considerations.

There was already an increased frenzy for Euros and US in Russia in November of 2020 as many Russian citizens were in a rush to secure funds. It may be beneficial for those in Russia who wish to trade binary options to consider brokers in those areas without the stamina of the US or EU due to the sanctions. If they do so, there is a far better chance that their investment will be a lot more secure.

Tips for Comparing and Choosing a Binary Options Trading Broker

The world of trading offers many exciting opportunities and they can be best enjoyed with the guidance of a binary options broker. Choosing a broker that works best for your trading needs can be a daunting and frightening experience but it’s a necessary one for certain. The brokers can help them perform better when trading and instruct them on getting the best return on their investment.

There are several binary options brokers out there who are eager to assist you as a client. However, it is important to remember that choosing a binary options broker can be a detailed process and it’s important to find one that is capable of performing all of the necessary trading tasks. Below are some helpful tips to simplify the process and assist with finding the best broker for your trading needs.

1. Deposit bonus – how much bonus you get on your first deposit and redeposit.

2. Payout – Binary options trading produces varied payouts. Some brokers present variable options that allow them to exit the options prior to the expiration date. Sometimes brokers (for example 24Option) allow payouts as great as ninety one percent per trade. The goal for most people in trading is to make money and with a great binary broker, they can succeed. In addition, look for the following benefits:

  • Various Payment Options
  • High Bonuses
  • Outstanding Customer Support

3. Deposit and withdrawal options – the trading platforms have different ways of depositing and withdrawing money. Check the one that is suitable for you.

4. Types of stock options and warrants closing times

5. Minimum deposit – trading platforms require different amounts of minimum deposit for you to start trading. Look for the one that is suitable for you.

6. Trading tools – some trading platforms may have trading signals and automatic trading while some do not have. Choose the platform depending on the trading tools that you prefer.

7. Demo account – various trading platforms cater for its binary options traders, especially the first time investors by providing them with a demo account. This helps to create experience in trading before ones does the actual trading.

8. Customer service – find out if the trading platform has good customer service to cater for all your enquiries concerning binary option trading.

9. Simple User Interface – This is a dependable and professionally structured trading program that offers a simple user interface. This helps to conserve time and effort for the user. The majority of the programs are web based and should be and is recognized as a simple program with interactive controls.

10. Multiple Asset Investing – One of the major benefits of professional trading software is that is doesn’t restrict investing. Dependable binary options brokers should provide a means for investors to make multiple investments in various assets such as forex, commodities and stocks. This increases the profit margin for the investor.

11. Expiry Dates Info – Dependable brokers offer expiry dates on a weekly frequency, while offering some daily or hourly options as well. The maximum trade control is obtained only when maximum expiry details exists.

12. Payout of Maximum Percentage – Dependable brokers offer their clients maximum payout percentage. Search for trade option platforms that present between 75 to 91 percent payout and even the unsuccessful trades will generate about a 5 to 10 percent return to investors.

13. Multiple Languages – Global trading options makes it extremely beneficial to have multiple languages and therefore, the platforms are being presented to support the language spectrum as well.

Despite the trading platforms having a lot in common, their way of trading may differ in terms of bonuses, initial deposit, the maximum payout, their means of depositing and withdrawing money, time of trading and their customer service. You may also find trading platforms, which give back to the trader a certain percentage of their investment if they do not win the returns. Therefore, it is important to find out information about the trading platforms before deciding on the ones to use. Using a binary option robot is often also profitable.

Basics of Binary Option Trading

What Types of Assets Are Available?

Binary trading offers a wide variety of trading options including commodities, currency pairs, indices and stocks. With all of these options, you are not limited to one type of trading asset only, opening you to an exciting world of trading. You now have the ability to trade Apple stock, foreign currencies, gold or silver from the same trading platform. You have the option to trade internationally without having to go back and forth between various brokers.

The good thing is that many of these top brokers allow traders to utilize their trading platforms without any issues and offer a wide array of indices and stocks from both Asia and Europe. All of your trades can be basically done on the same site without having to switch between multiple screens and systems. Binary options brokers are essentially a one-stop site for all of your trading needs.

How Long Is the Average Trade?

When trading binary options, you need to keep in mind that every trade has a strict time frame that you need to adhere. They vary in length from 60 seconds or longer. You get to choose which time frame best fits your lifestyle. If you aren’t a fan of waiting around for productive trades, you can opt for 5 minute or even 60 seconds trading. If you have more patience, there are 60 minute trades or longer trading options available as well.

One of the important things to remember regarding expiry times is that they are able to be changed only until you have made a commitment to that particular trade. Once you have authorized a specific trade, you simply sit back and wait until it is completed. This differs from other types of financial trading in which you can sell your accumulated shares at any time. There are brokers that will let you sell your trade for a minimal refund. However this is a rare situation for those who are more experience at trading binary options.

Most Common Types of Binary Options

In binary options, there are three main kinds of trades.

  1. The first is called the “call/put” option. In this type of trade, you simply need to predict whether the price of a particular asset will rise or fall by the expiry time.
  2. “One-touch trades” are when you are issued a target price from the start of a trade. If your chosen asset reaches that set price during the expiry time, you will profit. This set price is determined by your specific broker well before you execute the trade so you will have time to do your research and prepare in advance.
  3. The final of these three common trades is called the “boundary trade”. The broker will issue a variety of prices and you must determine if the price of the asset will remain in the given range or fall outside of the targeted range.

Each of these trades offers a few variations and some of the more exotic varieties of each often have substantial payouts as high as even 300% (depending upon your individual broker). An example of this is “one touch trades” that have an uncommon target rate. In order to achieve this type of payout, you need to opt for the option that is hardest to reach, in other words, you would need to predict that yes, and the far off price will in fact be the end result of the trade. These trades produce higher return as they are most often more difficult to achieve the correct result.

Which Binary Option Should I Choose?

It is up to you to ultimately determine which type of asset is best for you. You first need to evaluate your level of experience. Do you have experience with the Forex market and are looking for a new and more profitable way to trade? If this applies to you, you will easily be able to apply your strategies to the binary options market. Or does your expertise come from day trading? Are you looking to rid yourself of some of the risk involved in day trading? Then binary options can certainly benefit you as you have the ability to focus on those assets with which you are most familiar.

However, the factor that should ultimately drive your chose of trade is your personal trading goals. You should first determine your specific goals and then devise a plan to these goals. Say you want to make about a thousand dollars a week, then you need to decide which options will essentially help you reach this goal as well as which time frames will help achieve this set goal.

The answers to these questions vary for each trader. However, you should always go for quality trades, rather than quantity. Six successful daily trades will yield a higher routine than five losing and seven winning trades. Take the time to consider your options and the possible outcomes before placing your trades to end up with more profitable results.

Broker Reviews

We have included here shorter reviews of the best brokers in the market right now. Full reviews can be found on their own review pages that you can access from the full broker list at the top of this page.

Banc De Binary Review

UPDATE (12.01.2020):

We have found out that Banc de Binary is closed.

We recommend choosing one of our top binary option brokers instead:

  1. IQ Option
  2. 24option
  3. Finpari

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

As it was founded in 2008, Banc de Binary is one of the oldest binary options brokers in existence. It is controlled by Banc De Binary Ltd and is regulated by the Exchange Commission and Cyprus Securities and Exchange Commission since July 1, 2020 under license # license number 188/13.

Their physical address is 4, Profiti Ilia Street Kanika International Business Centre – Office 401 Germasogeia CY-4046 Limassol, Cyprus. Under # 596375, they are also registered with the Financial Conduct Authority and are governed by other such regulatory bodies from various countries.

We must inform our readers to avoid any confusion that there are two different websites for Banc de Binary. Bancdebinary.com is under the authority of Ash Ltd and it’s affiliate, under domain #204033843. Address: Sofia 1463, Sofia District, Bulgaria. Their trading address of Ash Ltd: UL. Stoney Ground, P. O. Box 1823, VC- 100 Kingstown, St. Vincent, Grenadyny.

If you are outside of the European Union, Ash Ltd. operates this website. Their services are not available for USA, Canada, Australia and New Zealand residents. However, Eu.bancdebinary.com is owned and operated by Banc De Binary Ltd. Which site you will lend one depends on where you are located. The details are the same including licensing information, business address and so forth.

Is Banc de Binary a Scam?

Banc de Binary EU has recently gained recognition by the FCA while other brands have achieved regulation with CySEC. This is a step towards regulation in European subsidiaries. However, we learned from a respected Financial B2B website, that banc de binary is having problem with the US authorities.

The issue between the US and Banc de Binary has since been resolved and is now in the past. Banc de Binary is now regulated and has partnered with the Liverpool Football Club. However the amounts of complaints are overwhelming and cannot be ignored. The majority of complaints are centered on loss of money and their aggressive sales tactics. This therefore makes having a direct answer to “Is this a scam?” rather challenging. It all depends on whom you ask.

Officials like FCA and CySEC seem to have no issues with Banc de Binary, as well as the Liverpool Football Club. As we stated previously, the issues with the US are now in the past. So the short answer is that Banc de Binary is not a scam – it is of the most reliable brokers in the business.

Did You Know?

The Banc de Binary website does provide a lot more information about binary options trading than most other brokers. In my opinion, having this complex educational material handy is a plus. Keeping in mind that when I say “complex” I am stating that this is in comparison to the majority of other mainstream brokers, not educational and informative sites such as ours!

Is it Worth It to Open Account with Banc de Binary?

My first impression of the Banc de Binary website is that it is quite organized and easy to use; not too much information squeezed together on one page.

Upon pursuing their platform, powered by Spot Option, I discovered it was very user-friendly with a wide variety of features for experienced traders and newbie alike. You don’t have to download any software as everything can easily be accessed online. This is one of the benefits of a Spot Option powered trading system. The Banc de Binary platform features 60 Seconds trading, One Touch, a functional Option Builder and other features.

Banc De Binary Trading Platform

Their returns average between 70 and 91% for “In the Money Options.” However, I noticed that the 91% return is few and far between. However, this is good for sales and marketing the platform. The average appears to be a steady 72%, which is the norm for binary options trading.

Banc de Binary does offer different account types, meaning you will acquire more benefits as you deposit higher funds. The lower-end account is the “Bronze” account. The initial deposit is 250 EUR. The next level is the “Silver” account which requires a minimum deposit of 2,500 EUR and finally the Gold account in which the minimum deposit is 5,000 EUR. At one time Banc de Binary did offer a VIP account which had excellent benefits but honestly, I have noticed that most other brokers offer those same features with standard accounts with a lesser deposit.

Once your deposit exceeds $100,000 you will be treated like royalty. You will be assigned a personal assistant to book your appointment, place your calls, place orders for online gifts and promotions and so forth. They will also assist you if you need access to a specific guest list or even tickets to an event that are sold out. It seems very glamorous, but honestly, if we want to keep it real, not everyone really has $100,000 to invest in binary options trading.

This being said, my honest opinion is that Banc de Binary is basing their clientele on the high rollers as the benefits they offer to “regular” traders aren’t all that appealing. If you are able to invest upwards of tens or even hundreds of thousands of dollars trading binary options, then Banc de Binary is an excellent outlet. However, if you are the average trader, I would look for another platform which is more suited to your personal needs and finances, such as Option Robot or IQ Option.

The VIP account is called the “Lion Premium” account, on which eligibility is a deposit of at least 10,000 Euro They do not provide the benefits on the website and quite understandably, I did not invest this sum so I cannot offer you any insights as to the level of services provided with this account.

Banc De Binary Complaints

We are constantly on the lookout for scam or fraud alerts, and complaints regarding binary options trading platforms, brokers and auto bots by performing a simple internet search such as one you could easily do on your laptop.

We did not find many complaints during our search for Banc de Binary. The best advice we can offer our readers is to use caution when selecting a binary options trading broker and only trade with trustworthy brokers from 7 Binary Options.

Banc De Binary Bonus

Banc de Binary has changed the structure of their bonus so that now it is completely under the discretion of the Account Executive. Bonuses are still offered as high as 100% but I was unable to locate the exact turnover guidelines anywhere on their website meaning we do not know the amount you need to trade before you are able to make a withdrawal.

As you may be aware, we are of the opinion that large bonus create more issues than actual benefits. The main reason is that you are unable to receive the bonus until you reach the specified turnover amount. This of course means the higher the bonus the more the trading volume necessary to be able to make a withdrawal. A plus side to this is that traders are not required to accept the bonus.

The 100% bonus is at this time only offered to those who have a Gold account or higher.

Banc De Binary Withdrawal

The minimum amount you are able to withdraw with Banc de Binary is 100 EUR/GBP/USD. It is usually processed within 5 working days by Banc de Binary but it can take longer depending on the withdrawal method of your choice until you actually see the funds in your account. Banc de Binary does not charge a fee for withdrawals, but your individual bank or other payment service may have their own set fee. You were able to process withdrawals via wire transfer, Skrill (MoneyBookers) and Debit and Credit Cards at this time.

The average time for withdrawals is 7 business days. This can take additional time depending on your method which is normally 2-7 business days for bank wire, 2 to 5 business days for credit/debit and Skrill can either be instantaneously or within 24 hours.

Banc De Binary Extras

Banc de Binary offers a Free ZuluTrade feature which is a popular social trading platform on which you can follow professional and successful traders in reference to their Zulu Rank and profit/loss margin.

Screenshot

Banc De Binary Features

User Friendliness:

Banc de Binary offers their website in 10 different languages. This Spot Option 2.0 platform is extremely user friendly except for the fact that a lot of information is sometimes clustered into one spot.

Number of assets and expiry times:

Banc de Binary offers a variety of trading assets including 23 indices, 8 commodities, 25 currency pairs and 97 stocks. Since our last visit, we noticed an increase in these numbers, especially in the number of stocks now offered. All of the standard expiry times apply including One Touch, 60 seconds trading and even an Option Builder which allows the trader to choose their own expiry time.

As of August 2020, there is now a new asset category called “Synthetic” which offers 13 pairs. In this instance you would pit stock vs another stock, indices vs another indices or a commodity vs another commodity and so forth. This is commonly referred to as “Pairs Trading”.

Commissions, Support and Effective Return:

While Banc de Binary doesn’t charge for deposits or withdrawals, there may be some costs that occur with bank transfers or other withdrawal methods. I found their customer support service to very polite and helpful, however, there can be improvement with their response time.

According to Banc de Binary, their return rate can reach as high as 91%, but as I previously mentioned, this is few and far between and I have yet to see an asset that offered this rate. The average seems to be 72% and some assets often reach as high as 82%.

Deposits, Payments and Bonuses:

The minimum required deposit for Banc de Binary is $250 which can be made via Bank Wire, Skrill (MoneyBookers) and Credit/Debit Card. The payments from Banc de Binary to the customer will be applied to the same source from which they originated (i.e.: if you made your deposit via credit card, your withdrawal will be applied to the same credit card).

The bonus structure has recently changed. The 100% bonus is still available but will be determined by your individual Account Executive. The required turnover amount necessary to make a withdrawal is not listed anywhere on the Banc de Binary website so we can ascertain that this is also to be determined by your Account Executive. You have the ability to accept or refuse any of the bonuses offered by Banc de Binary.

Website Extras

In my opinion the educational materials offered on the Banc de Binary website are a bit more complex than I have seen on other trading platforms. They do provide a link to ZuluTrade, a renowned platform for social trading.

Banc de Binary SpotOption platform is now offering the ability to change time frames as well as candlestick charts.

7 Binary Options Rating:

Finpari Review

UPDATE 22.4.2020: Finpari has changed its name to Finrally. They continue their operations normally, so this does not affect their old or new customers in any way.

Finpari is controlled by two companies: Lenora Impex SA which is Seychelles registered and also Norsk Inter LP, Scotland registered. FinPari is not regulated by any governing bodies such as CySEC.

Is Finpari A Scam?

There is no concrete evidence that Finpari is a fraudulent service. At the moment, we haven’t heard any critical complaints of the broker, so we can only assume that Finpari is not a scam.

Editor’s Note

As they are built on the SpotOption platform, it might bode well on their behalf. SpotOption is a reliable platform that does offer a lot of good features. Finpari is based in Seychelles, which means they are willing to accept traders from almost any country, which is more than is allowed as per CySEC regulations. This makes them a prime choice for international traders.

Video: Binary Options Trading with Finpari

It is not unusual for traders to sign with Finpari as many brokers prefer to register in countries such as Seychelles as they are banking friendly and thus can avoid the stricter standards set in place by organisations such as CySEC.

This can often be a warning sign of a fraudulent broker, but we did not find anything to support that this may be the case with Finpari as they appear to be simply another broker out to attract new investors. As previously stated they are a SpotOption broker so this means that they offer a full-line of features.

In addition to basic high/low trading they offer One Touch, Ladder, Spot Follow and Paris. They do not offer CFD or Forex trading, which is a feature that is in fact offered by many other SpotOption based platforms. Their expiry times are good and include 30, 60 and 120Second options.

Their long-term expiry times include end of day, intra-day, tomorrow, next week, end of week, end of the month and so forth up to 6 months which is available on some of the more common assets. The Ladder Options trade similar to over/under options and offer increased payouts and strikes. One touch options include increased payouts up to 600% and are available on weekends. The standard payout on call/put trades average about 80%.

Screenshot

Finpari Features

User Friendliness:

The FinPari platform is extremely user friendly. I can honestly say this as SpotOption platform is my personal favourite. It has most of the features offered on standard SpotOption platforms and is very easy to navigate. However, I have to deduct a few points as a result of the false information about their regulations and over-the-top marketing on the main page of the website.

Number Of Assets And Expiry:

Finpari does offer a wide list of assets as well as a variety of expiry times and quite a few options for exotic trades. They do not offer range but it is not necessary with the Ladders. However, this is not outstanding reason to sign with FinPari as you can find these features elsewhere.

Commissions, Support and Effective Returns:

This broker does not require any commission, but they do have a withdrawal fee for wire transfers. Their support is decent but rather pushy when it comes to sales pressure, so keep this in mind. Their educational section is so-so, not a lot to offer, but the videos are pretty food. The effect return on Finpari is on par with the SpotOption standard, which is up to 600% and higher for One Touch and Ladder, 85% on call/put and somewhat lover for short/term 60seconds trading.

Deposit, Payment And Bonus:

The required minimum deposit is the standard with binary options brokers: $250 and can be made via debit/credit card, eWallet or wire transfer. I always recommend using eWallet whenever it is feasible. Finpari does accept Neteller, Skrill and others as well. Payments are made to the same account on which they were deposited; however, there is no limit for credit cards.

Bonuses are offered in the form of one-time only deposit bonuses up to 100% or risk free trading. The terms are a bit misleading. In one section it says turnover deposit is only 300% (3X), yet in another it says up to 20X. Regardless of bonus, every deposit must be turned over at least one time in order to make a withdrawal.

Broker Extras:

SpotOption goes above and beyond when it comes to extras as opposed to the average hum-drum trading platform. This includes Ladder options which offer a great deal of flexibility as well as increased payouts. They also offer Spot Follow, which is similar to iFollow which is essentially the copy trading platform that is offered by SpotOption and supported by ZuluTrade Technology.

7 Binary Options Rating:

24Option Review

24Option, founded in 2009, is a true binary options pioneer. 24Option is owned by Rodeler Ltd. Rodeler Ltd is a company operating under Cyprus Securities Exchange Commission (CySEC) license number 207/13. Founded in 2009, they are operated under Rodeler LD, which is regulated under CYSEC (Cyprus Securities Exchange Commission) and their license information is license number 207/13. As well they are registered with BaFin in Germany as well as the British Financial Conduct Authority (FCA) since 04/12/2020.

Is 24Option a Scam?

24Option was regulated in 2020 with CySec and therefore is not a scam operation in any way, shape or form. Under the authority of CySec, any money that is exchanged with this platform is secure.

The fact that they are a regulated system is the primary reason that 24Option was added to the official list of “non-scam” brokers. However, this does not necessarily that they do not have some issues. Even regulated brokers can have their cons.

Fortunately, these regularity reasons are not the only factor that contributed to 24Option making our list of non-scam systems. They are well-renowned for their user friendly interface and the trading system itself, as well as the overall platform navigation is outstanding.

It is very easy to trade with this system and the live charts provided by 24Option are easily accessed simply by clicking on the underlying asset itself. For those who wish to further examine any underlying asset, they simply have to click on the underlying asset tab to open a small pop up with information from sources such as Yahoo! There is no need to leave the site to do research.

These factors, as well as many others, are one of the reasons that 24Option is one of the best binary options brokers around. They have made great strides toward improvement since they originated such as redesigning the platform itself, increasing the number of underlying assets and keeping up to date with the latest technology and data. They seem to make it their priority to strive to be the best of the best when it comes to binary options trading.

Editor’s Note: Why We Recommend 24Option

While some binary options brokers turn out to be scams, there are many that are legit, but in fact, 24Option is one of the few brokers that are held in high esteem. I can dismiss any suspicion of fraud thanks to their CySec licensing. Their superior customer service and professional and attractive trading platform makes them a popular and respected broker in the world of binary options trading.

The only small drawback of 24Option is that they no longer serve residents of the US due to regulation. This is good news for EU clients, but a bitter disappointment for those who reside in the US. Also, since the company has registered with CySec, their average return has decreased by 2%. However, the licensing itself is a major plus. Despite this, they still have returns as high as 88% per successful trade so this still bodes well for traders.

Do I recommend opening an Account with 24Option?

Since their origin 24Option has strived to greatly improve their already innovative, fully-online based platform. They consistently provide traders with the necessary and easiest tools to assist them with their trading. They also have an outstanding user-interface, as well as other great features. Note that we have stated earlier in this review that their user-interface, site navigation and overall trading experience are superlative.

The main premise behind 24Options trading platform that makes them stand out from other trading platforms is that their underlying assets are arranged from shortest expiry time to the longest (ie: 60 seconds to end of day, except in a few cases). IE: When you highlight the High/Low tab, you will notice the underlying assets are listed according to their expiry times. The shortest are listed first and the latter tend to expire at the end of the trading day.

Of course, traders have the ability to click the same tab and select the stocks or indices tab with the desire to only view specific underlying assets. In each category, there are over 100 available underlying assets and again they are arranged from the shortest to longest expiry times.

Overall, in my opinion these platforms are much easier to use than the others. Once you are familiar with the TechFinancials platform you will discover that it a preferable solution for the majority of investors i.e.: those who perform trades around the clock within just seconds.

In my opinion, the aforementioned investors are the high risk type as opposed to the more conservative traders. Both of these, however, will be well-pleased with the In-the-Money-Return feature, as there lies the possibility of 88% in-the-money as well as closing a trade prior to the expiry time to secure a winning trade or to eliminate any further losses. Out-of the –money trades will result in full capital loss on the specific trade.

88% appears to be the average return for successful trades for underlying assets such as forex pairs and 70% for exotic and minor pairs. Remember, that there is the possibility that a trader can lose their entire investment, as with any financial trading. However, these high return rates are what make 24Option one of the leading brokers in the world of binary options.

The downside of this is that the minimum investment is rather high; the average is $24 for the majority of trading underlying assets. However, unlike other brokers, the minimum investment varies according to the individual underlying assets. This could be a bit discouraging to novice traders.

Fortunately, 24Option does provide a demo account so new traders can practice trading with virtual money before investing live. Another negative for newbie’s is that their minimum deposit is slightly high at $250. I tend to prefer those brokers with lower deposit fees, but with 24Option I feel the slightly higher investment is worth it as they are regulated and licensed so therefore they can be trusted.

24Option has recently partnered with the Juventus Football Club which only adds to their high credibility. They were already a top-notch, highly respectable brokerage, but this partnership is purely an added benefits. So if you’re a fan of both soccer and binary options trading, this is the platform for you. Also, for those who like tennis, 24Option and Boris Becker are currently offering a competition in which you have the chance to win 100 grand in USD.

You should take advantage of this offer now, as it will not be around forever. Keep in mind, as always, that investors do risk the chance of losing their all of their money! Terms and conditions apply

Their outstanding customer service makes 24Option a welcome home for the binary options trader, in addition to the fact that they are licensed with CySEC. 24Option offers traders the option to invest as much as 100 grand USD in a single trade so this proves that they have no issue in paying high returns to their clients. To spice things up, they also over prize money, up to $100,000 for weekly top traders! Terms and conditions apply

24Option Broker Complaints

Let 7 Binary Options do the research so you don’t have to! I constantly search the internet for broker complaints to bring the results directly to our loyal readers. As unbelievable as it may seem, we could not find even one substantial complaint about this broker in our search.

I did notice an active online discussion concerning 24option in forums, comments sections and Complaint and Review Center. Our team is monitoring and checking these. I personally feel that the negative feedbacks concerning the withdrawal process were not legitimate complaints. These complaints are typical from disgruntled traders and do not always reflect the truth. The sincere complaints were in fact resolved by the company itself so I can honestly say that there are no major complaints concerning 24Option.

24Option Withdrawal

Most sites will give you advice on how to deposit. However, at 7binaryoptions.com, we are not concerned with this issue. Our main focus is that major concern in binary options: the withdrawal process itself. As a rule, for obvious reasons, few brokers cause an issue with deposits, however quite a few brokers have issues when it comes to withdrawing your funds.

A plus with 24Option is that there is no limit to the withdrawal amount, as we often see with other platforms. The average time before you see your funds is three to seven business days. Skrill will have lower fees and also will make the process quicker. Those with VIP accounts do not have to pay a withdrawal fee, which is outstanding. However, you must remember to send proper documentation as specified under regulation before you can request a withdrawal.

24Option Extras

A lot of traders look for the “extras” before they sign with a broker. But here at 7binaryoptions.com, we try to think outside the box. This section will highlight those features that are unique with 24Option and what sets them apart from other brokers.

The “Extras” that we found appealing with 24Option are as follows:

  • Free webinars: learn to trade with the aid of a professional
  • Educational videos including 5-hour videos which are extremely beneficial to those new to trading!
  • Highest Withdrawal Limits: This is a plus of which most traders are not aware. 24Options offers the highest limits available.

Screenshot

24Option Features

User Friendliness:

As a completely based web-tech platform, there is no need to download any software with 24Option. They have the best looking website we have seen thus far as the gold letters on the black background is both sophisticated and contemporary. Just above each underlying asset, is live information and other chats with just a simple click. Both the Glossary and FAQ sections are current and complete. The website is available in 18 languages including German, Arabic, Spanish, et al.

No. of Assets and Expiry time:

24option offers a total of 103 underlying assets including 30 currencies/forex, 11 commodities, 19 indices and 43 stocks. The variety of underlying assets is wide and the expiry times are outstanding as they allow the traders to choose from as little as 60 seconds to as much as end of the day/week/month.

Commissions, Support and Effective return:

There is no charge for investors for their initial deposit or purchase options. The first withdrawal is free as well. There is a $30 charge for wire transfers for withdrawals. Those with a Gold account get one free withdrawal a month. However, all withdrawals are free for those with Platinum accounts. Customer support is available with a total of 21 international phone numbers including French, Spanish, Italian, English and more. They can also be reached via email.

The Live Chat feature on 24Option was extremely polite and quick to respond. Their effective return rate is amongst the highest in the binary options trading market with an 82% return on most of the major currencies and 70-88% in the money. As always, we need to remind our readers that there is always a risk that you can lose all of your capital as a result of trading binary options as with any other type of financial investing. They do not offer an Out-of-Money refund but they offer the ability to close your position 2 minutes after purchase or up to 5 minutes before the expiry time.

Deposit and Payment:

The minimum deposit with 24Option is average: $250 / €250 /£250 / ¥50,000 or руб 10,000. Deposits can be made with Cash-U, Skrill, credit/debit card, wire transfer, et al. Generally, withdrawals can be made via the same process. There is a minimum of $200 for wire withdrawals. However, there is no minimum withdrawal via Skrill. There are usually up good offers with 24Options and they do occasionally offer amazing promotions and specials for both new and registered clients. Terms and conditions apply

Website Extras:

As one of the most innovative trading platforms, 24Option offers a good number of additional and unique features. The strength of their third party signals varies and provides information as to the most likely direction of the underlying asset. However, the expiry time is determined by the trader.

With the exception of High/low trades, they offer two additional means of trading: including One-Touch option, which lets the trader decide if the underlying asset will hit a certain value before the expiry time, which is most often available on weekends. Secondly, they offer a Boundary Option with 75% return rate via winning trade. Investors should have in mind that can lose all their capital and that trading alerts should not be considered as investment advice. The decision to act on any signals is yours and taken at your own risk.

7 Binary Options Rating:

Option Financial Markets (OFM) – OptionFM Review

UPDATE (12.01.2020):

We have found out that Option.FM is closed.

We recommend choosing one of our top binary option brokers instead:

  1. IQ Option
  2. 24option
  3. Finpari

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

OptionFM, or OFM, is one of the recent newcomers to embark on binary options brokerage platforms, as it was founded just two years ago, in 2020. However, despite being a newbie in a sea of established brokers, they have managed to recruit some of the most talented financial experts from around the globe.

This means that they have a plethora of financial experience under their belt. Due to this, they have quickly become one of the most trusted and respected brokers worldwide.

In their mission statement, Option Financial Market promises to guide their clients to successful binary options trading by helping them to reach their full trading potential. They can do so thanks to a vast offering of various types of trading accounts that cater to a wide variety of investors, an exceptional and innovative trading platform, excellent and informative educational tools and resources and a wide array of assets. In addition, they maintain close ties with their traders and analysts. OptionFM also supports automated trading.

Option.FM Account Features

OptionFM has recently revamped and upgraded their website which now features a more distinguished trading system and super sleek design; as well as the confidence that their traders are able to invest on a safe and secure trading environment.

One of the main advantages in trading with OFM is that they regularly offer bonuses for their clients based on their account level. These bonuses are a plus as they enable traders to be able to get a head-start in their trading experience. IE: a $250 starting balance with automatically transition to a $500 account with the 100% welcome bonus. Traders are empowered by these bonuses to participate fully in OFM’s list of 200 plus tradable assets in order to earn a more substantial profit.

Per a conversation with OptionFM’s customer service via live chat, the turnover is calculated per the type of bonus. It is recommended that you familiarise yourself with the terms and conditions of said bonus before accepting.

Both new and experienced traders alike are able to find their place in the seven different account types offered by Option Financial Markets. As an added feature, OFM does not charge any commissions or fees for trades, for any account level. This broker easily caters to the various trading preferences and needs of their clients with their wide selection of account options.

Option.FM Account Types – Click Image to View Larger

The following are the different account types offered by Option.FM:

OFM Newbie

  • Starting at €250
  • Geared specifically for those new to binary options trading
  • 200 trading assets available

OFM Start-Up

  • Starting at €2,500+
  • Choice of Trading packages
  • Class A & B trading available
  • Trading manual for use
  • 1 Free Educational Session

OFM Entrepreneur

  • Starting at €5,000+
  • Access to Tiers 1 & 2 OFM Rewards
  • Class A & B trading available
  • Trading manual for use
  • Wide selection of Trading Packages
  • 2 Free Educational Sessions

Limited protected capital

OFM Top Exec

  • Starting at €10,000+
  • Access to Tiers 1, 2 & 3 OFM Reward
  • Class A & B Trading Available
  • Trading manual for use
  • Extensive Selection of Trading Packages
  • 3 Free Educational Sessions
  • Unlimited protected capital

OFM CEO

  • Starting at €25,000
  • Access to Tiers 1,2, 3 & 4 OFM Rewards
  • Class A & B Trading Available
  • Trading manual for Use
  • 4 Free Educational Sessions
  • Exceptional Selection of Trading Packages
  • Unlimited Protected Capital
  • Enhanced return on all investments
  • OFM Financier
  • Starting at €40,000
  • Access to Tiers 1,2, 3, 4 & 5 OFM Rewards
  • Class A & B Trading Available
  • Outstanding selection of Trading Packages
  • Trading Manual for Use
  • 4+ Free Educational Sessions
  • Unlimited protected capital
  • Enhanced return on all investments
  • Suited Trading Portfolio

OFM Mogul

  • Starting at €100,000+
  • Access to Tiers 1,2,3,4,&5 OFM Rewards
  • Class A & B Trading Available
  • Highest Selection of Trading Packages
  • Trading Manual for Use
  • Unlimited free educational sessions
  • Unlimited Protected Capital
  • Enhanced Returns on all investments
  • Suited Trading Portfolio
  • Access to Exclusive Vacation Packages

Option.FM Trading Software

One of the first things that traders will notice after opening an account with Option Financial Markets is that they offer a uniquely diverse selection of well over 200 global assets. Combined with the three trading methods offered on their SpotOption powered platform, traders can easily make informed and profitable trades on both short term and long term positions. OFM does not charge any fees or commission on these individual trades.

When utilising the classic Binary Options trading mode with which the majority of traders are most familiar, it is entirely possible to earn substantially large profits within a short period of time. Traders need only to decide with which asset they wish to trade, their desired expiry time, the direction in which they think they trade will go, and the amount of their investment. This straightforward method of trading is extremely popular as it very easy to maneuver.

The Long Term Trading Mode is ideal for those who envision long-term trading with a certain market area. OFM offers excellent expiry times in this mode that can go as long as nine months from the time one has selected the “Call” or “Put.” The fact that OFM offers both short term and long term trading gives traders ample opportunity to maximise their trading potential and enhance their trading portfolios.

For those who yearn for a bit more excitement, OFM’s 60 Second Trading Mode will get their adrenaline racing. It is similar to the both of the aforementioned modes in that a trader is able to choose the direction of an asset prior to the expiry. However, the previous modes often require traders to wait hours, days or even months before revealing the result of their trade, the 60 Second Mode offers traders expiry times of 30 or 60 seconds as well as other expiry times. This enables the trader to almost immediately receive confirmation as to whether their trades are in or out of the money. It is rare to find a broker that offers returns quicker than this.

Option.FM Support Information

As their stamina as a broker has grown, so has their reputation for enabling success for their clients through superior personal customer support that specially caters to each client’s special needs and desires. Account managers are always a phone call or live chat conversation away. Clients with OFM are guaranteed an overall smooth and reliable trading experience. During the Option Financial Markets Review, FBO made use of the live chat options and received a response to our question within seconds.

Every account package that is offered by Option Financial Markets (OFM) has access to brokerage assistance as well as customer support which is great as this is considered a dual-method of trading support. This allows both traders and visitors alike to directly report any issues to OFM management.

In addition to the email support and live chat that are available around the clock, OFM also lists multiple customer service telephone numbers local to several countries on a global basis including Germany, the United Kingdom, Canada, Australia, France, South American and New Zealand.

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Option.FM Banking and Company Information

As banking is perhaps the most crucial factor as it is the most used feature in binary options trading, it is imperative that there is a decent selection of deposit and withdrawal options available for clients. For deposits, Option Financial Markets offers a variety of choices including credit cards, multiple eWallets and bank wire. Funds are readily available in the trader’s account balance most often within minutes of the deposit, which allows them access immediate trading. Personal information is guaranteed utmost security thanks to communication via SSL technology. Users are always able to contact OFM support at any time if they need assistance with their financial dealings.

As well, the withdrawal process with this platform is both fast and secure. Clients have the ability to request to withdraw their funds at any time. The withdrawal request is then process by OFM’s Compliance Department and may take up to 5 business days to process. There is an additional 2 to 3 days for those funds that are to be tendered to the bank account or credit card that applies for this process. The minimum amount for withdrawal is $100.

OFM must verify every account to ensure that all funds and accounts are properly protected due to Anti Money Laundering laws. Luckily, this is a simple process and all that is required of the traders is that they submit scanned copies of the proper identification documents via email to the Compliance Department.

Overall, this has been an extremely impressive review of Option Financial Markets (OFM) with the overwhelming consensus that they offer an exceptional profitable platform and an extremely secure trading environment.

7 Binary Options Rating:

AnyOption Review

UPDATE (08.01.2020):

We have found out that Anyoption is closed.

We recommend choosing one of our top binary option brokers instead:

  1. IQ Option
  2. 24option
  3. Finrally

Try also Binary Option Robot if you are looking for automated binary trading.

If you are looking for another example of a powerful and trustworthy binary options trading platform, AnyOption is a good choice. It was founded in 2008 in Cyprus and is a subsidiary company of AnyOption Payment Services Limited. It is a popular binary options broker that has a wide client base using its proprietary trading platform. It is easy to use and offers a number of tools and features that help you get the most from binary options trading.

Binary Options Trading at AnyOption

You have a number of options when placing trades at AnyOption. Which one you should choose depends on your attitude to risk, your trading strategy, and the signal that is generated on a particular asset type.

The options include simple high or low trades; i.e. will the price of the asset be higher or lower than now within a predefined period of time. Other options include one-touch binary options, early closure binary options, and boundary binary options.

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Banking

Registering an account with AnyOption is completely free, and traders from all over the world are welcome, including from the US and Europe. You can’t start trading, however, until you deposit money into your account. A number of deposit options are available, including credit card, debit card, bank transfer, Skrill, and more. The minimum deposit is $200.

Withdrawing money is a simple process that you can trigger at any time. You can also withdraw any amount you wish, as there is no minimum. The first withdrawal you make every month is free. If you want to make further withdrawals within the same calendar month there is a small fee. In the UK that fee is £20 while in the US it is $30.

Available Assets at AnyOption

AnyOption offers a wide range of assets that you can trade on. This includes:

Currency pairs – this includes all the major currencies in the world grouped into comprehensive pairings. The Bitcoin currency is even included, making AnyOption quite unique.
Stocks – a wide range of stocks are offered with major companies in the US, Europe, and Asia. They also come from a wide range of industries.
Indices – all the major indices are represented but you will also find smaller and more niche industries that often make interesting additions to trading strategies.
Commodities – this includes oil as well as all major metals.

Four main binary options are available:

  1. Standard binary
  2. Binary event
  3. Option+
  4. One-touch binary

You will not find all the world’s assets at AnyOption, but no binary options broker offers everything. For example, most traders have no interest in emerging market currencies, so AnyOption doesn’t offer them. What you do get, however, is a diverse and large range of assets and binary options to choose from.

Mobile Compatibility

More and more binary options traders want the flexibility of being able to place and monitor trades using their mobile phone. You can do this with AnyOption. It works on both iPhone and Android devices, offering real-time information providing your phone has an internet connection. You can check prices, monitor your current trades, look at your trading history, and manage your account.

This is just one of the reasons that AnyOption is so popular with binary options traders.

7 Binary Options Rating:

Option Robot In a Nutshell

A broker will not make you money in binary options trading – making money requires a good strategy. That said, having the right auto trading robot makes it exponentially easier to develop and implement your strategy, so binary option robots do have a significant part to play.

This is why it is so important to spend time researching binary options robots to make sure you get one that has all the features and tools you need to take your trading to the next level. This applies not only to those just starting out with binary options trading, but also to traders with a lot of experience who want to get involved in more complex and detailed strategies. Crucial among the features and tools you need are a high win rate and accurate signals. With Option Robot you get both, plus a whole lot more.

As far as binary options robots go, Option Robot is fairly new. You may not have noticed this, as the company has built up a large customer base for such a new operation. They have achieved this early success with their platform because of the level of service they offer. In addition, they have made the platform easy to use and have developed tools that help complete trading novices get a start with binary options. Our review will go into these features and more so you can see what you can expect from Option Robot.

Signals

Signals are a crucial part of successful binary options trading. You can create your own by analyzing charts and market data, but often there is too much going on for you to catch everything. Also, it may not be possible if you have other commitments. Option Robot has this covered, as it creates signals which you can use to place manual trades, or that you can set to trade automatically. You simply define the parameters, and Option Robot does the rest.

The biggest issue with signals in general, however, is accuracy. After all, there is no point getting a signal if it turns out to be wrong and you lose money on the trade. You would have been better off without it. Option Robot’s signals, however, have a good win rate. In fact, sometimes it is as high as 83 percent. As a result, you can trade with confidence even if you don’t have much binary options, investment, or trading experience.

Available Trading Systems

Trading systems are the foundation of any automated binary options trading strategy. They are the core principles that the robot uses to decide how much to stake on each trade. There are many trading systems available, and some traders develop their own. There are three main types, however, and Option Robot supports them all.

  1. Fibonacci system – the Fibonacci system is an advanced trading system that is actually more straightforward to implement than most. It also delivers high levels of accuracy. It uses the famous Fibonacci sequence of numbers to calculate the up and down trends of an asset. From this, the resistance level (price above which the asset is unlikely to go) and support level (price lower than which the asset is unlikely to go) are worked out. This makes it possible to predict which direction an asset’s price is likely to move next.
  2. Martingale system – this is another common system used by both advanced and new traders alike. In the Martingale system, you set an amount that you would like to trade. If that trade loses, the amount invested on the next trade is doubled. This continues until you get a win, at which point the amount you invest on each trade goes back to the original level. Like all systems, it has its risks, particularly if you have a string of losses. The potential rewards, however, are high.
  3. Classic system – if you have a low tolerance for risk, this is the strategy for you. You may make less money, but you should have lower losses over time as well, which often makes it easier to make a profit. The strategy is quite simple – the value of each trade stays exactly the same whether you have lost the previous trade or not.

Option Robot’s Indicators

Indicators are a great way to reduce your level of risk when you automate trading activities. Option Robot gives you a number of indicators to choose from. They include stock, trend, MACD, Williams, RSI, and CCI. Basically, these indicators tell the robot whether to make a trade and in which direction.

Where indicators become really powerful, however, is when you run two or more together. For the robot to place a trade, both indicators must have generated a signal and the signal has to be in the same direction for both. If this doesn’t happen the trade is not placed. It is, therefore, a good way of automatically identifying false positives and signals that don’t have a great chance for success.

Contact and Customer Support

You have a number of options when it comes to finding out information, asking questions, and getting help with Option Robot. The first is to read their blog. It is updated regularly and contains useful information on everything from the features of the platform to winning trading strategies. If you need something more specific, however, the first place you should check is the FAQ section. You might find that other people have had similar questions, and they are answered comprehensively here.

You will have to contact Option Robot’s customer support department if the FAQ section doesn’t provide the information you need. Unfortunately, there is only one way of contacting them – by email. The address is [email protected] Our experience is that they can sometimes be on the slow side to respond, but they always do respond and the information is helpful. As the platform continues to mature we expect additional contact and customer service options might be added.

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Getting Started with Option Robot

You can get up and running with Option Robot in less than five minutes. The process starts by registering an account – you can do that by clicking here. You will have to enter some personal details as part of this process, but there are only a handful of fields to fill in and there is nothing unusual or complicated.

Once you are registered, the next stage is to deposit some money so you can start trading. There are a number of methods you can use to do this, including using your credit card or transferring money from your bank.

You can now set up your automated robot to start placing trades. You can access the settings for the robot by clicking on Auto Trade on your Option Robot dashboard. Here you will select the types of assets that you want to be included in your strategy. You also have to decide on an investment amount per trade, and set expiry times. That all takes just a few minutes, and from that point onwards the automated robot takes over.

One other thing you have to do is select a broker. You can do this manually by trying a broker out to see if they meet your needs, but most people go for the options offered by Option Robot. Those options include many well-known names that are regulated and have professional reputations. Examples include Banc de Binary and GOptions.

Summary

We believe Option Robot is doing a lot of things right so they will continue to increase the number of traders using the platform. One of the reasons for this is the fact that Option Robot is run by people with experience in the binary options and forex industries as traders. As they are traders rather than coders or marketers, they understand what other traders need and they have delivered this with Option Robot.

It is a particularly powerful platform for novice binary options traders. First of all it is free, so new traders with no experience do not have to make any investment. The registration and setup process is easier than most other platforms, and there are a lot of tools that let you set up a winning strategy even if you have minimal experience. In addition, experienced traders benefit from the range of advanced tools and the trading systems that Option Robot offers.

In conclusion, Option Robot is a binary options trading platform that we would recommend.

7 Binary Options Rating:

Automated Binary Short Review

Today we are taking a look at a fairly new piece of software in what is becoming a crowded market. The question is, is Automated Binary the real deal? Will it help traders beat the market by providing reliable, automated results you can confidently stake your capital on? Or is there something of the dark about it?

Because if you’re happy to put someone else’s software in charge of your trades, letting it buy and sell in your name and with your money while you’re otherwise engaged without first learning everything you can about the way it goes about its business, we just might have a bridge we’d like to sell you.

It isn’t, of course, quite as risky as we just suggested because – though it’s true that the software is making trades for you without your involvement (you’re not asked to press the ENTER key to say, “Yes, okay, go for it.”) – it’s you that sets the parameters on when the software decides to buy, sell, or do nothing.

It may not seem that way at first glance, but it’s you that controls it and you that decides on the trading strategy. To put it differently, if you make money in staggering amounts, it’s you who can take the credit. And if you lose, you’ll know who to blame.

What It Is

The central facts about Automated Binary are right in the name:
1. It’s automated. The software collects market data in real time, analyzes it, generates signals, and executes trades on behalf of the trader – you.
2. It’s binary. It’s for use by people who trade in binary options and work with more than one licensed broker.

The purpose of a signal is to alert the trader when trading options become available. Automated Binary allows you to choose between a very wide variety of signals, so you can use whatever you feel comfortable with and understand.

Automated Binary is cloud-based, so you’re not going to be downloading anything to your own computer. A feature we like is that your connection has to be switched on. If you have no live connection, it won’t place any trades for you, which makes it easier for traders to be in control of trades, which matters with this software because…

You’re in Charge

  • It doesn’t matter how central or how peripheral to the system a parameter may be, it’s the trader who sets it. You choose:
    Which assets you’re going to trade (though no binary options trader should ever forget that there is no underlying asset to her or his bet – something regulatory bodies would have as a caveat on every trade);
  • The permitted number of simultaneous trades;
  • How much to bet on each trade; and
  • Which indicators to use.

That may possibly be the highest level of control given by any binary options system. Automatedbinary.com is binary options trading for adults.

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Getting Started

Go to the website, click , and type in the personal details you’re asked for. Don’t try to avoid this in order to trade anonymously; the system doesn’t permit that. Choose a broker – several are offered to you – and open your account with that broker. Make a deposit. Now you can start trading! However, we suggest you don’t until you’ve gotten to know and feel comfortable with the system, which you will do by…

Putting it to The Test

Let’s be clear, here: binary options trading is gambling – informed gambling, but gambling – you’re betting that you know which way a particular index or price is going to move; and you’d better be right more often that you’re not because the percentage of your stake that you “win” when you get it right is always less than the 100% of your stake that you lose when you’re wrong.

So, selecting the signals you’re going to tell the software to follow is a vital part of setup, and we recommend you use the demo option, trying out a variety of signals and limits without risking your own money, until you’re completely at home with the system. You do this by using the $50,000 the system gives you for this purpose.

It isn’t a real $50,000, of course. It’s virtual money and you risk it in virtual trades, learning how the software works and how to use it and then making trades until (or this is the hope) you feel sufficiently secure to start trading for real. Once that happens, you’ll be covering your own losses, but you’ll also be able to draw out your profits, which, of course, isn’t possible with any virtual money you win by getting the trades right.

We recommend that anyone, including seasoned traders, go through some virtual trades before starting to use Automated Binary “live,” because every system has idiosyncrasies that you don’t know about till you fall over them.

We also recommend that anyone who loses the whole of the virtual $50,000 should forget about binary options trading. This software is so good when compared with a number of offerings that if you can’t make it work, you probably shouldn’t be trading.

How Automated Binary Generates Signals

These are the market indicators that Automated Binary uses to generate signals:

  1. Stochastic Oscillator
  2. MACD
  3. RSI (Relative Strength Index)
  4. Trend Indicator
  5. Williams Indicator
  6. CCI

A software review is not the place to explain how these market indicators work. We assume that if you’re thinking of using an automated trading program of this sort, you understand them and that, if you don’t, you’ll carry out your own research before starting to use them to initiate trades. You can use indicators separately and in a vacuum, or you can combine two or more of them. Automated Binary will understand what you are trying to achieve and will produce trading signals accordingly. We recommend that approach because no indicator is entirely satisfactory on its own. The most dependable and profitable trading will come from combining most of the indicators or all of them.

How Automated Binary Conducts Trades

Automated Binary conducts trades the way you, the trader, tell it to – as long as you tell it to use one of these three methods:

  • The Classic method
  • The Martingale, or Compound, method
  • The Fibonacci method

It’s your choice, but it isn’t a once-for-all election – you can change it whenever you like.

The Classic method will be preferred by most neophytes since it minimizes risk. It also minimizes profits though, so experienced traders may want to move on to the Martingale. The reason it is also known as the Compound method is that it doubles up after each loss until there’s a win. You can make the most money that way, but the price you pay for that prospect is that you can also lose most, especially if you run out of money before the losing trend has turned around – something every binary options trader should be aware of. Finally, there’s the Fibonacci method for those who believe that patterns are reiterative and that what a market did in the past, that market will do again.

Our Verdict

No one involved with binary options trading can be unaware of the number of scams around. Is Automated Binary one? We don’t believe it is.

Part of our confidence in the software comes from the well-regarded and prestigious brokers who have signed up to provide services to Automated Binary users. We don’t believe they would have done so unless they had investigated the company and found it to be reputable.

We’d feel even happier if the website had a physical address and the names of the people involved. These are important indicators of a website’s bona fides, and they’re not present.

That being said, and subject always to the proviso that binary options trading is risky and you can lose everything you have (and a lot that you don’t have), we regard the system as offering some excellent trading options for those who understand what trading is about.

While there may be no addresses and executives’ names, there is also a welcome lack of those ridiculous claims of the huge sums to be won while ignoring the equally huge sums to be lost or that show the faces of people you don’t for one moment believe it says were penniless and are now driving Lamborghinis in Monte Carlo.

Our overall conclusion is that it’s probably an above average bet for binary options traders.

7 Binary Options Rating:

Binary Options Robot Short Review

The binary options broker that you choose is critical to the success of your trading efforts. That broker determines whether you use a platform that is simple and intuitive, or one that is complicated and challenging.

They also have a financial responsibility as they hold your money and process your deposits and withdrawals. In addition, good brokers provide signals that you can then use to place profitable trades. When you take all these things into account, one of the best brokers available on the market today is Binary Options Robot.

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Eight Reasons Why You Should Choose Binary Options Robot:

  1. Profit potential – like almost every other trader in the world, your involvement in binary options trading is to make money. That means you need a robot that is good at delivering high rates of return. If they can do that while keeping your investment levels low, all the better. Binary Options Robot meets these criteria as it has rates of return that are as high as 83 percent. In fact, that is one of the best rates of return in the industry and you will be hard pressed to find a broker that offers more.
  2. Platform functionality – Binary Options Robot offers a trading platform that is attractive, uncluttered, and easy to use. In fact, even novices will find it easy to get started. All the information and tools that you need to make money in binary options trading are available. In addition, you will get signals that are among the best in the industry. The signals are created by complex algorithms that work alongside professional traders. This combination of mathematical computational power and human experience is what gives Binary Options Robot a win rate of over 80 percent. So you can expect that up to eight out of 10 trades you make will generate a profit – that is the foundation of a successful strategy.
  3. Available assetsthe more assets that a binary options broker offers, the more opportunities you will have to make money. This particularly applies if all or part of the signal generating and trading process is automated. After all, an asset could generate an accurate signal but you will never know about it and you won’t be able to place a trade on it if your trading platform doesn’t offer it. This is why Binary Options Robot offers as many assets as possible to its traders. You will be able to find assets you are familiar with and prefer to trade on, plus there are others that you can use to expand your trading strategy.
  4. Web-basedyou don’t have to download anything in order to use Binary Options Robot. This is because it is a web-based system that you access from your web browser. This offers a number of benefits. Firstly, nobody likes installing more software on their computer than absolutely necessary. Secondly, managing installed software is a headache, particularly when you have to update it. Neither of these things is an issue with web-based software. Every time you access Binary Options Robot, therefore, you can be sure you are using the latest and most secure version of the platform.
  5. Support – Binary Options Robot is used by traders all over the world, so customer support is available round the clock. The customer service team is knowledgeable, friendly, and approachable, plus they work hard to resolve every query as quickly and efficiently as possible. They are also responsive, so you won’t have to wait long to hear back from them. You can normally contact the team via a method of communication of your choice, including live chat, email, and phone.
  6. Bonuses – some binary options brokers offer the world when it comes to bonuses, but they unfortunately rarely deliver. This is not the case with Binary Options Robot. The company offers generous bonuses and, in our experience, it always delivers on its promises. Of course, there are terms and conditions attached to any bonus – you would not expect anything else from a professional trading platform. However, the bonuses are real and substantial. They include a welcome bonus as well as ongoing bonuses that will help keep your balance healthy so you can continue to trade.
  7. Works on any device – the internet has moved away from desktop-only services, and the binary options trading industry is no different. This is driven by consumer choice – consumers want to use their mobile phones as well as their tablets, desktops, and laptops. Any modern and forward-thinking binary options trading platform has to cater to all these users. Binary Options Robot does this better than most, as all its features and tools work just as well on mobile as they do on a computer. All you need to make it work is internet access.
  8. Tools – Binary Options Robot offers you a number of tools that will help you make maximum profits and get better as a trader. This includes training materials, how-to guides, and other educational tools for binary options trading. Examples include video tutorials, trading charts, eBooks, manuals, and webinars. You also get a number of tools that you can use while actively trading and researching assets. This includes detailed asset information, price data, and easy-to-read charts.

These eight points only skim the surface of the potential and power of Binary Options Robot. It is an honest platform, and it is set up to make it as easy as possible to create and implement a successful binary options trading strategy. It is a one stop shop, and it is not surprising that so many people select it as their trading platform of choice.

7 Binary Options Rating:

Short Casumo Review for Online Casino Fans

Some people have decided that they like online casinos more binary options trading, and I understand why: sometimes it’s not easy to find the edge in trading, and many people trade just for fun or excitement, so then the difference between playing at online casinos and trading binary options is not very big anymore.

Being big online casino fans ourselves, we at 7binaryoptions.com have thought about making recommendations also regarding online casinos, and it’s easy to recommend Casumo Casino, Mr Green Casino and Rizk Casino as the three best online casinos for new players. They have very good first deposit bonuses and awesome free spins offers as well, not to forget good live dealer games.

These best casinos have also excellent game variety and overall quality, not to forget the safety and reliability, so you can’t really go wrong with these online casinos.

Top 10 Binary Options Brokers : List of best trading Brokers Websites

Below you will find out listing of the top 10 Binary Options broker sites, to ensure you find one that suits your exact needs you will find listed their available markets, minimum and maximum trading limits plus the minimum deposit amounts you can make into each respective site.

We have also got in-depth reviews on several of our featured Binary Options Brokers so please do have a good look around our website.

From USA? Checkout our exclusive list of the Binary Options Traders and Brokers for America

List of Top 10 US Binary Option Sites for 2020

Deposit: $10
Payout %: 85%

Deposit: $250
Payout %: 90%

Do you want to learn to how to trade binary options, or looking to find out how binary options trading works.
Then follow the link above to find the answers to the questions you may have.

Licensed Binary Options Brokers

We do operate this website to the very highest of standards and one thing that our team are great believers in is having in place a very strict set of guidelines and criteria when it comes to deciding just which Binary Options Brokers to showcase to our website visitors.

As such, I am happy to let you know that every single one of the top 10 Binary Options Brokers site you will see listed and fully reviewed upon this very website each have a full and valid Brokers license and are fully regulated too.

With that in mind you are always going to find each of those Binary Option Brokers sites along with their respective apps are operated to the very highest and most robust of industry standards which is turn will ensure any real money trading session you have at those Brokers sites or apps will be an enjoyable and first class experience too.

But please do make up your own mind as to just which of our top 10 Binary Options Brokers you utilize their services of, for there are lots of additional benefits on offer to you at each of them, as you will discover when you read through their respective reviews.

Never get too overwhelmed with the sheer number of different Binary Options trades that you can place online or via any traders mobile app, for you should always be prepared to take a step back and discover how every single type of trade can be placed and how they have been designed too.

Boundary Binary Options – If you are interested in trying out some Binary Options traders that can and often do offer the best and very highest paybacks then I would advise you to study the makeup and designed of Boundary Binary Options.

Asset Trades – I do think its fair and very true to say that the most interesting of all Binary Options trades available these days are the ones that are based around assets, and boy are you going to be spoiled for choice when placing any type of Assets Trade.

Currency Pairs Trades – You may end up having a love or hate relationship with Currency Pairing Trades, for you will need to keep your nerve when pacing them and correctly predict the way in which one currency is going to move against the other one you have chosen to include in such trades.

Top 10 Trading Options

I just know that if you do have a very keen interest in business and finance then you are going to have an absolute ball and a very enjoyable time when you do set about placing Binary Options trades online or on any traders app.
However, once you do become a newly signed up client of any Brokers site or app you are going to find a massive array of different trading markets and trading opportunities, and below you will discover which are the top 10 trades moist traders tend to place time and time again.

  • Trading FTSE
  • S&P 500 Trading
  • Stock Trading
  • Gold Prices
  • Silver Values
  • Platinum Markets
  • Palladium Prices
  • Copper Values
  • Crude Oil Markets
  • Brent Oil Prices

If you do want to experience the delights of placing any of the above types of Binary Options trades then a free no risk demo trading account will allow you to place any of them in a risk-free type of way and work out whether you will then go on to enjoy placing such traders for real money, which you can of course switch over to doing at any time of your own choosing by the way.

Binary Options Trading Bonuses

You will have a decision to make as soon as you do decide to sign up to any of our approved and highly rated Binary Options Brokers sites or apps and that will be whether to make use of their sign-up welcome bonus offers.

Each Broker will offer such a welcome bonus when you first sign up to their respective Broking platform or app, but they are optional bonuses so it will be your decision to make ultimately whether to get the bonus fund and bonus credits added to your account or not.
The way to tell however whether any such bonus is going to be worth claiming is by looking at the terms and each of the conditions and rules attached to such offers, which will of course be found on the website of each of our showcased Brokers websites.

If you do remain loyal to any of them I would also like to point out that they are also going to be giving you a access to plenty of ongoing bonuses and promotional deals too, so you are always going to be able to maximize the value of your trading bankroll when utilizing the services and offers available at those featured Binary Options Brokers.

Resources

The true art of being able to place profitable Binary Options trade is by knowing just when the very best time to place such tares will be, and also just which type of trade you will be best off placing at any time and just how long to have a Binary Options trade in place for too.

You are going to find that you can place some very short term Binary Options trades which can last for seconds such as 60 seconds trades but you are also going to be given the opportunity at our feature and approved Binary Options sites of placing some rather long term Binary Options traders too

I will leave it up to you however to decide just which Binary Option Brokers sites or apps to make use of, however you will need to get a very good grounding and understanding of just how such trades work and operate too.

To that end, what you will see above is a short video which I do actively encourage you to watch, as by doing so that video will walk you through the basics of placing Binary Options traders and in no time at all I am more than confident that you will be happy and willing to place such trades too.

Best Binary Option Broker

  • TopOption – At TopOption you can trade Binary Options from as little as 5.00 whilst the maximum single Binary Option trade limit at TopOption varies in value. You could make a maximum profit of 85% at TopOption. The minimum deposit amount you can make into your account is 100.00
  • TopOption Binary Markets: UK Markets – International Markets – European Markets – Asia Markets
  • EZTrader – The Minimum Binary Option trades you can place at EZTrader are from just 25.00 and the maximum single trade limit at EZTrader is 3000.00. The maximum percentage profit you can expect to make at EZTrader is a large 95%. The minimum amount you can deposit at EZTrader is 200.00.
  • EZTrader Binary Option Markets: UK Markets – International Markets – European Markets – Asia Markets
  • 24Option – At 24Option you can trade Binary Options from as little as 24.00 whilst the maximum single Binary Option trade limit at 24Option varies according to trading accounts. You could make a maximum profit of 88% at 24Option or lose all of the capital you invested. The minimum deposit amount you can make into your account is 250.00
  • 24Option Binary Markets: UK Markets – International Markets – European Markets – Asia Markets
  • Magnum Options – The Minimum Binary Option trades you can place at Magnum Options are from just 5.00 and the maximum single trade limit at Magnum Options is 5000.00. The maximum percentage profit you can expect to make at Magnum Options is 85% and the minimum amount you can deposit at Magnum Options is 200.00.
  • Magnum Options Markets: UK Markets – International Markets – European Markets – Asia Markets
  • Banc De Binary – At Banc De Binary you can trade Binary Options from as little as 1.00 whilst the maximum single Binary Option trade limit at Banc De Binary is 3000.00. You could make a maximum profit of 91% at Banc De Binary. The minimum deposit amount you can make into your account is 250.00
  • Banc De Binary Markets: UK Markets – International Markets – European Markets – Asia Markets

High Trading Limit Binary Options Broker

  • uBinary – The Minimum Binary Option trades you can place at uBinary are from just 20.00 and the maximum single trade limit at uBinary is 5000.00. The maximum percentage profit you can expect to make at uBinary is 85% and the minimum amount you can deposit at uBinary is 100.00.
  • uBinary Markets: UK Markets – International Markets – European Markets – Asia Markets

Variable Purchase Limits Binary Options Broker

  • Any Option – At Any Option you can trade Binary Options from as for variable amounts whilst the maximum single Binary Option trade limit at Any Option also varies. You could make a maximum profit of 80% at Any Option. The minimum deposit amount you can make into your account is 200.00
  • Any Option Binary Markets: UK Markets – International Markets – European Markets – Asia Markets

Low Purchase Limit Binary Options Brokers

  • TradeRush – The Minimum Binary Option trades you can place at TradeRush are from just 10.00 and the maximum single trade limit at TradeRush is 5000.00. The maximum percentage profit you can expect to make at TradeRush is 81% and the minimum amount you can deposit at TradeRush is 200.00.
  • TradeRush Markets: UK Markets – International Markets – European Markets – Asia Markets
  • Banc de Swiss – The Minimum Binary Option trades you can place at Banc de Swiss are from just 25.00 and the maximum single trade limit at Banc de Swiss is 1500.00. The maximum percentage profit you can expect to make at Banc de Swiss is 75% and the minimum amount you can deposit at Banc de Swiss is 100.00.
  • Banc de Swiss Markets: UK Markets – International Markets – European Markets – Asia Markets
  • TradeQuicker – At TradeQuicker you can trade Binary Options from as little as 25.00 whilst the maximum single Binary Option trade limit at TradeQuicker is 2500.00. You could make a maximum profit of 88% at TradeQuicker. The minimum deposit amount you can make into your account is 300.00
  • TradeQuicker Binary Markets: UK Markets – International Markets – European Markets – Asia Markets

Frequently Asked Questions

One thing that you do need to be aware of is that you will be required to be at the very least the minimum legal age to place Binary Options trades, and as such you will find out just what those requirements are on the website of each Binary Options Broker.

Be also aware that as part of the legally required Know Your Customer checks all Binary Options Brokers must perform on their new customers you may be asked to supply copies of your identification documents and a recent utility bill when signing up to a Brokers site or app.

You may be wondering if it is going to be too difficult to learn how to place Binary Options trades such as Assets based ones, well believe me when I tell you that you will soon discover just how easy such traders are to place.

In fact, when you look around this website or visit any of our approved Binary Options Brokers websites you are going to have access to a huge array of trading guides and articles, which I would suggest that you do try and make use of to further your knowledge of Binary Options trading.

As for just how much in profits you can make when placing any types of Binary Options trades, it will all be dependent on the types of trade you place and the pay-outs and paybacks each individual Broker is offering you.
Plus, the amount of cash, you stake on each trade will obviously determine the value of any and all profits and gains you can make, so always be prepare to shop around to secure the highest possible pay-outs when placing any type of Binary Options trades.

Binary Options Day Trading 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 2020.

Binary Brokers

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.

Option Types

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.

Binary options

Expiry Times

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.

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.

Advantages

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.

Risks

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.

Deposit

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.

Asset-Specific

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.

Regulation

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.

Platform

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.

Reliability

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.

Trading apps

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.

Extras

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.

Demo accounts

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.

Demo Video

Below is a video explaining how to trade binary options on the platform of a leading provider:

Strategies

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
  • Trends
  • Babypips
  • Mirrors
  • 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
  • CNBC
  • Business Insider
  • Bloomberg
  • 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.

Martingale Strategy

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.

Percentage Strategy

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.

Straddle Strategy

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.

Timing

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.

Education

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.

Trading Journal

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.

Psychology

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.

Regional Differences

Regulation

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.

Taxes

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.

Further Reading

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.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo
    Binomo

    Only for experienced traders!

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