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Binary Options Brokers and Platforms – Reviews and Comparison
We have compared the best regulated binary options brokers and platforms in April 2020 and created this top list. Every broker and platform has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The sortable broker comparison list below shows which binary trading sites came out on top based on different criteria.
You can sort the list using payout (maximum returns), minimum deposit, bonus offers or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. Below the comparison list is some advice on how to pick the best trading platform for you, as this will often come down to your personal requirements and needs.
|Nadex Exchange||$250||100%||» Visit|
|RaceOption||$250||90%||100% Deposit match bonus||» Visit|
|BinaryCent||$100||85%||100% Bonus on ANY 1st Deposit||» Visit|
How to Compare Brokers and Platforms
In order to trade binary options, you need to engage the services of a binary options broker. Here at binaryoptions.net we have provided a list with all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:
- What is the Minimum Deposit? (These range from $5 or $10 up to $250)
- Are they regulated or licensed, and with which regulator?
- Can I open a Demo Account?
- Is there a signals service, and is it free?
- Can I trade on my mobile phone and is there a mobile app?
- Is there a Bonus available for new trader accounts? What are the Terms and
- Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
- Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices and stocks – and how many of each?
- Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of day, long term etc?)
- How much is the minimum trade size or amount?
- What types of options are available? (Touch, Ladder, Boundary, Pairs etc)
- Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
- Do they operate a Robot or offer automated trading software?
- What is the Customer Support like? Do they offer telephone, email and live chat support – and in which countries? Do they list direct contact details?
- Who has the best payouts or maximum returns? Check the markets you will trade.
We cover as many of these comparison factors as possible in our list above, but we go into much more depth within each review.
Regulated Binary Brokers
Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option.
|Binary.com||Malta GA||BO, CFD|
|IQ Option||CySEC||BO, CFD, Crypto, Forex|
|BDSwiss||CySec||BO, CFD, Crypto, Forex|
|24Option||CySEC||BO, CFD, Crypto, Forex|
|Nadex Exchange||CFTC||BO, Forex|
Leading regulatory bodies include:
- CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)
- FCA – Financial Conduct Authority (UK)
- CFTC – Commodity Futures Trading Commission (US)
- FSB – Financial Services Board (South Africa)
- ASIC – Australia Securities and Investment Commission
There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organisation. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort.
Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner.
Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment or risk free trade . Whatever the form of bonus, there are terms and conditions that need to be read.
It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt out’ of taking a bonus.
Best Binary Broker!
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Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over trade’. If the bonus does not suit you, turn it down.
Binary options demo accounts are the best way to try both binary options trading, and specific brokers’ software and platforms – without needing to risk any money.
You can get demo accounts at more than one broker, try them out and only deposit real money at the one you find best. It can also be useful to have accounts at more than one broker. For example, payouts for two different assets might be best at different brokers. You can shop around, and use whichever account has the best payout for that asset.
Demo accounts offer the best way to try out a brand, risk free. Likewise if we recommend a brand, you can try it first, before risking anything.
Low Minimum Deposits
If you are looking to get involved with binary options for the first time, low minimum deposit requirements may be of interest. For traders just looking to try binary options, a low minimum deposit broker might be best. A small initial deposit keeps risks low. Minimum deposits start at just $5 and there are a growing number of brokers offering low minimum deposits – “low” would be any minimum under $50.
Likewise, all brokers will have a minimum trade requirement or trade amount too. These can vary greatly between platforms. Minimum trade figures range from $1 to $25 – which is a large difference if a trader plans to trade frequently. For some traders, this might be less of a factor in terms of finding the best broker for them, but for others it will be very important. Practice accounts are a zero risk way of learning to trade.
One element many traders use to find the best binary options trading account, is the payout percentage on offer. This is not always a simple comparison however. Payouts will change based on the underlying asset being traded, and the expiry time of the option. In addition, payouts will change as the broker manages their own risk. So if one broker was originally the best price, things may then revert and mean that another now has the top payout.
So the most an investor can do, is to check the payouts for assets, and expiry times they are most likely to make, and judge which brand offers the best terms most often. Demo accounts are good when researching payouts on specific assets and trades.
Exchange traded and over the counter brokers will have different payouts – and they will not be easy to compare. In general, exchange traded options offer superior value. Nadex are one example of an exchange.
So as you can see, finding the best trading account and broker is not always easy – but it is worth noting that you are free to move between brokers whenever you like. So even if an account turns out to be poor, it is easy to up sticks and find a new trading firm. Likewise, a trader could have multiple accounts, and open trades at the broker with the best terms for that particular trade.
US Regulated Brokers
In the US, the Commodity Futures Trading Commission (CFTC) have only licensed two operators – Nadex and CBOE – to provide binary options trading to clients in the USA.
Brokers based in Europe will not generally accept US residents as clients, as doing so can result in large fines. Some off-shore providers will accept US citizens as their regulatory status permits them, but the CFTC may ultimately step in if they deem it necessary.
CFTC regulated brokers:
Which is the Best Binary Trading Platform?
Naming the best trading platform is not easy, simply because trading platforms and proprietary (bespoke) software are normally a question of personal taste. One user might like a simple layout, while others might need a lot of data on screen all the time.
However, platforms do have different levels of quality, both in terms of ease of use, and features. Broadly speaking, brands which offer Contracts for Difference (CFDs) in addition to binary options, deliver a more feature-rich trading platform or advanced software.
So the likes of Nadex and IQ, will deliver a very professional trading platform. MetaTrader integration is also normally provided at the more professional brokers (Some use both mt4 and mt5 functionality) . This difference in quality is evidence of the maturity of binary options as a product, but binary brands will catch up very quickly.
Intro To The IQ Option Platform
How do Brokers Make Money?
Binary options brokers make money via one of two business models:
- As a counter-party, ensuring an ‘over round’ via payout percentages. Known as ‘Over the counter’ (OTC)
- Via a spread or commission on an exchange traded model
People who have experience of other forms of trading, and are now approaching over-the-counter (OTC) brokers for the first time may find themselves asking the question: “Where is the commission?”.
With OTC binaries however, there is no commission. In theory, the term ‘brokers’, is not correct. Binary firms are not arranging a deal or acting as a middleman, or as a market maker; What they are, is the counter-party to each of their customers’ positions. So there is no fee or commission for the trade. Instead, each customer is essentially betting against the house. Where brokers have both sides of a trade covered, they have a handsome margin. Where they do not, the payout still gives them a level of protection. In certain circumstances, the broker will also hedge it’s own position to mitigate risk.
Those companies (Nadex, for instance) that trade binary options via an exchange operate much more like a ‘broker’. Unlike the OTC market where the platform is the counter party, with exchange traded options, the broker is the middleman – matching buyers with sellers and charging a commission. This charge is normally hidden within the spread, rather than an explicit cost. There is far less risk involved for the broker, and therefore generally better returns per trade for the trader. Brokers can be actively compared using the spread – the tighter the spread (difference between buy and sell prices) the cheaper it is to trade.
Brokers using the spread model often also offer leverage, or trading on ‘margin’ via their software. This increases the trade size for the trader – and profit for the platform.
Should You Use Multiple Brokers?
There are some very good arguments for having more than one binary trading account:
- Brokers suit certain trades. Different brokers will suit different trading styles, or trade types. So one broker might be excellent for shorter term trade types, and have great payouts on forex pairs. But that same brand may be slightly less good when it comes to offering boundary trades or indices payouts. If a rival had a full set of long term expiries with great payouts, and lots of choice of boundary trades – it makes sense to have accounts with both platforms, and place trades with the broker that offered the best deal for each trade.
- Demo accounts. Multiple demo accounts makes perfect sense – you want to try as many brokers and trading platforms as possible before deciding where to trade.
- Reduce risk. Accounts at more than one broker protects you from any issues with a particular firm. From issues as serious as insolvency, to smaller things, like website downtime, software issues or a market being closed – multiple accounts reduces your risk of being affected by any hardship a broker might face.
- Multiple offers. Each sign up can mean a new bonus, so it might be worthwhile taking up more than one account to receive all the offers. As ever, read the terms – and also note that on occasion, larger deposits might mean larger bonuses – so splitting them may not be the best choice.
- Spread winnings. Some brokers may look for winning traders on their books, with a view to restricting their trading, perhaps limiting trade size – or worse. While this threat is thankfully small, multiple accounts means spreading the winnings out. Most brokers will search for “winners” based on total profit rather than strike rate, so hiding the volume across broker accounts can help you stay below their radar.
Exchange versus OTC (Over the Counter) Brokers
A broker that offers an exchange is much closer to a traditional ‘broker’ than OTC brokers. An exchange performs the job of ‘middleman’. They will match a seller of an asset, with a buyer of the same asset, and charge a commission for putting the deal together. The market itself will decide the prices – if there are more sellers than buyers, the price will drift down until demand rises. If there are more buyers than those willing to sell, the option price will rise.
A broker operating an exchange does not mind who wins and who loses. They take no risk on the trade themselves (unless the traders are trading on credit). The broker will make their commission on the trade regardless of the outcome.
Due to this reduced risk for the broker, the returns for a winning trader are generally larger. Commissions are usually small relative to the size of the trade, meaning they do not impact the payout too much. Other benefits include the fact that stop losses can be applied, and also that trades can be closed at any time (to take a profit or reduce losses).
The complications with exchanges, comes from the structure. An exchange traded binary option will “trade” somewhere between 0 and 100. Where 0 is the figure used where an event did not occur, and 100 where it did. If the current price is currently 30, a ‘buyer’ would risk 30 times his trade size, to potentially win 70. A ‘seller’ therefore, would risk 70 to win 30. While not a complicated equation, it is slightly more complex than the straight forward over the counter option.
OTC (Over The Counter) Brokers
The most common type is the Over the counter (OTC) broker, but this type of firm is not really a ‘broker’ at all strictly speaking. They are the counter-party to one side of the trade. So where a trader opens a position, the broker will win or lose money, based on whether the trade wins or loses. Only where the broker has another trader who has made the exact opposite trade, will they have assured profits.
Due to this increased risk, the brokers will offer a lower payout which mitigates some of the risk they are taking. It is therefore likely to be lower than an exchange traded broker. Some firms will also have built in ‘hedging’ mechanisms to reduce risk further. In some cases, one side of trade might be made unavailable if liabilities get too large.
The simplicity of binary options is retained with OTC brokers. They have also made great strides in competing with exchanges by offering ‘cash out’ values for options, allowing traders to close positions early, and set up stop losses. Once those features become common the gap between OTC and exchanges will get smaller. For now, traders are better off trading on an exchange – but might be advised to learn the differences via demo account.
Have you had a problem with your broker? Submit a complaint
Deposit and withdrawal options do vary at each brokerage. Each of our reviews will explain which each firm offer, but below is a list of the most common options.
If you are looking for brokers that support a specific payment method:
- Wire Transfer
- Credit cards / Debit cards
All of the factors covered above will ultimately affect the way a trader plays the market, and therefore, their profitability. The ideal situation is to get a binary broker that offers:
- Several financial assets spread across several markets
- Offers a reasonable bonus with a good payout approaching 90%
- Offers flexible expiration dates without boxing traders into very long expirations.
Trading using a broker’s platform will only be enjoyable, and profitable, if you are using a reputable operator. You also need to choose one that suits your trading style best – only you will know what that is. Read the above binary broker reviews carefully before making that crucial trading decision, but remember you are not tied in to any single broker, and can pick and choose.
Future Volume – indicator for binary options trading
Future Volume is an indicator intended mainly for binary options trading. The indicator is able to predict further price movement based on the total volume of candles. Future Volume does not repaint and does not lag behind .
Characteristics of the Future Volume
- Platform: Metatrader4
- Asset: Any currency pair, indices and stocks
- Trading Time: Around the clock
- Timeframe: M1, M5 and M15
- Expiry: 3 candle (180 sec for M1, 15 min for M5, 45 min for M15)
- Recommended broker: Binomo, IQOption, Binary.com
Rules of trade by Future Volume
Future Volume shows oversold and overbought levels with vertical blue/red lines. The signal appears at the beginning of the current candle and does not disappear. Thus, the position can be opened immediately (but still it would be better to choose the moment of opening a position and expiration based on testing on historical data or on a demo account. This is a must!).
CALL – blue vertical line with a blue arrow.
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PUT – red vertical line with a red arrow.
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Here are some examples of the Future Volume Indicator signals:
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And for clarity, a short video about the indicator signals in real time:
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The indicator has 4 filters. And the author of the indicator recommends applying the following settings for each of them depending on the state of the market:
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Volume index and Filter 1 are giving signals for choppy (sideways) market. Filter 2 and Filter 3 are giving signals for trend markets. Filter 4 is a filter of trend markets.
Thus, we should set the following settings for:
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- For a trend market, set Volume index = 0, Filter1 = 0 and leave the other default values. For example: (0; 0; 5; 3; 30)
- For sideways market, set Filter2 = 0, Filter3 = 0, Filter4 = 0 and leave the other default values. For example: (3; 2; 0; 0; 0)
- Universal settings that are suitable for both markets (set by default) can be: (3; 3; 3; 5; 30)
Despite the recommendations of the author, I still strongly recommend that you independently select the settings based on the test results (you can use the BO Simulator).
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Additionally, Future Volume indicator is equipped with push notifications and alerts by email and on your mobile device.
What are Binary Options and How Do They Work?
What is a binary option?
A binary option is a financial instrument based on a simple yes or no question where the payoff is a fixed amount or nothing at all.
This means binary options offer defined risk and clear outcomes on every trade.
Each binary option trade starts with a question – will this market be above this price at this time? If the answer is yes, you can buy the option. If it’s no then you can sell the option.
The price of a binary is always between $0 and $100, and just like in other markets, there is a bid and ask price.
The binary options we offer are always built the same way. Each trade is easy to understand.
If you think about it, binary options reflect the way we think about things in our daily life. Things either happen or they don’t. With a binary option, payouts reflect that and are always all or nothing at expiration. You’ll find we like to keep trading simple.
You can also close a position early to lock in profits or limit losses.
As an active trader, we know you are busy scanning markets each day. You are dealing with complexity all the time. The last thing you need is to be slowed down with more complications and hard to understand details with a brokerage.
When you trade, we know you want to focus on the market and your position, not on a series of unnecessarily complicated products.
So we built an innovative full service exchange to trade binary options that lets you do just that.
How do binary options work?
There are three concepts to learning more about how binary options work; the underlying market, strike price and time to expiration.
Become familiar with those three concepts and you’ll understand the basics of binary options.
Let’s walk through the three parts of each binary option trade:
With binary options the amount you pay is the maximum you can lose. Because of that we say your risk is capped.
Maybe you don’t want to wait until expiration. You can place an order to close your position to limit loss or lock in profit early.
Along with offering clear outcomes and defined risk, we also designed our binary options to work in a way that offers unique leverage that enables opportunities to profit even from small market movements.
1 The first step is to pick the assets or event you want to trade. Each one is based on an underlying market and your trade is based on that underlying markets price movement.
2 Then you want to find a strike price that works for you. The strike is the price level you think the market will be above or below at expiration.
3 When opening a trade you will select an expiration day and time. The expiration is the moment of truth traders live for. This is when trading is over and the value of your binary option is determined.
How risky are binary options?
You always know your binary option risk reward ratio before you enter into a new trade. Your trade is fully paid for up front, which means you will never lose more than you pay. You always know exactly what you have at risk.
Trading also offers the opportunity to profit. Just like you know what you have at risk, you will enter each trade knowing your maximum potential reward.
We’re serious about helping you understand and limit your risk. Our goal is to let you define and understand it clearly and upfront on every trade.
It’s why we’ve worked to design and offer an innovative way to define and cap risk while also providing an affordable way to trade.
You can start with one contract at a time for less than $100, and decide your maximum risk and reward up front when you set up the trade.
Here’s how that works:
If you buy a binary option contract for $30, hoping to have it end at $100, your profit target is $70. This is $100 less your $30 investment. A loss would never be more than $30 no matter how much the market moves.
We think that hard to understand margin requirements, complicated fees and confusing payout structures can make trading riskier than it needs to be.
You can make those things part of your past by trading binary options with us.
How are binary options regulated in the US?
Binary options are legal and available to trade in the US only on a Commodity Futures Trading Commission (CFTC) regulated United States exchange.
We are a full service exchange located in the heart of Chicago’s financial district and we are regulated by the CFTC.
As the leading United States based binary options and spreads exchange, we are proud to say we are designated by the CFTC as a Designated Contract Market and Derivatives Clearing Organization.
What this means for you is we are a well-regulated and leading binary options exchange.
Our role as the leading US based binary options exchange is to match buyers and sellers in a fair, accurate and secure way.
That way you can trade multiple global markets with us from one account knowing your trades are fair and your money is safe.
Binary options trading example.
Let’s walk through a trade on the EUR/USD currency pair.
Here is how the outcomes work at expiration:
- If the market is at or below 1.1600 at 3AM ET the seller will get the $100 payout.
- But if the market is one tick or more above 1.1600, you get the full payout as the buyer.
If you don’t want to wait until expiration, you can close your position at the current market price. Your profit or loss in that case is the difference between your entry and exit prices.
Each binary option reflects a question. In this case, the question is, will EUR/USD be above 1.16?
We show that as EUR/USD > 1.1600
In this example, the option has 4 hours til expiration and it’s 11pm.
If you think EUR/USD is going to be above $1.16 at 3AM, then you would then buy the binary.
Binary Options Trading
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Welcome to ‘Easy Binary Option’. Are you new in the financial field of binaries? This is not a problem. Binary Options are a new and very simple financial product – easy to understand and easy to deal with.
You can trade in the currency market, commodity market and stock market in just a couple of clicks and a few minutes because binary options are designed for simplicity. Read the information on our site carefully and get started in this fascinating market.
It’s important to choose the right broker. This is not a simple task but we try to make it as easy as possible for you. We recommend starting with one of the largest brokers in the world: IQOption. You will have the best trading experience there and you can start with only $10 or with a completely free demo account. IQOption is working hard to improve every day. They developed their own platform that is now way better than any other platform out there.
Best Binary Option Brokers
|Minimum Deposit: $10
Loss Protection: 0%
Minimum Investment: $1
|Demo Account: Yes
Special Features: Free Demo and low deposits
|Minimum Deposit: $250
Payout: up to 91%
Loss Protection: Buy back option
|Demo Account: Yes
Special Features: Mobile Trading
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Binary Option Brokers
If you want to trade with binary options for real money you need a reliable broker that you can trust. The binary options market is very new and there are many brokers trying to make a quick buck. There are also brokers that try to offer the best trading experience, keep trader’s bankrolls safe, have a great customer support, are steadily improving their offerings and are absolutely reliable. These brokers are also industry leaders and great companies to work with. It’s very important to choose one of these brokers instead of a shady one. Even though the offerings of smaller brokers sometimes seem promising, you should stick to reliable brokers with thousands of happy traders. We have tried to make it as easy as possible for you to select one of these brokers. The table above shows the very best brokers with all of the important details that you should know before registering.
Before you can trade profitably, you have to find the right strategy. There are many “experts” out that claim to have found the holy grail – don’t trust them! When someone tells you that you can earn $5,000/month following his simple (!) strategy you better quit immediately. We at EasyBinaryOption discuss several topics about binary option strategies, show you how to analyze the market and charts properly and to make the right decisions. Our team consists of two successful stock and Forex traders that teach you how to trade profitably.
Trading, Deposit and more
There’s more than just strategy and brokers. Binary option trading is a trend that deserves considerable attention. There are many interesting topics besides strategy such as: “Is Binary Options Trading like Gambling”, “How to Trade with Your Mobile Phone”, “Are There Scam Brokers?”, “Is it Possible to Make a Living?” and many more.
Banking is also vital. Without depositing money you can’t trade for real money. Similarly, without a proper withdrawal you can’t make use of your earnings. Banking is a very difficult topic and deserves attention. As a new trader, you have to be selective and you need to know what payment method you can use and how to withdraw your funds. It’s true that brokers don’t currently offer many deposit options. At Forex brokers you can easily deposit with Paypal. This is not the case for Binary Options Brokers. That makes it even more important since you can’t deposit with your favorite payment method.
No doubt, cryptocurrencies like Bitcoin are hyped a lot these days. 2020 was their breakthrough. Hundreds of new coins emerged, new companies tried to sell their coins through ICOs (initial coin offerings) to the masses to finance their project. Lots of scams out there as well. Bitcoin has risen from below $2000 to $5500 and hard forked several times. If this all sounds new to you it may be time to take a look at some basic information about cryptocurrencies, blockchain, ICOs and how to trade all that. You can find a new site here at EasyCoinTrading which is dedicated to just that. Let me put it this way: you can still make a lot of money with cryptocurrencies. No matter if you are in there for the long run with a “hodl” strategy or trading on a daily basis. You can easily go short with coins as well which is very lucrative considering the high volatility. Cryptocurrency trading is here to stay and offers great opportunities for those knowing what they are doing.
Trade with the worlds leading broker and join 15 million other traders!
IQ Option is one of the most reliable and secure brokers and a safe haven for all traders. This broker is regulated by CySEC and offers options for as low as $1, plenty of stock options and a great trading platform!
Bitcoin has hit the headlines in recent months as a relatively new, peer-to-peer currency which offers free (or at least very low) international transfers and payments without the use of the conventional banking network. Bitcoin is sometimes referred to as a virtual currency as it does not exist in physical format and due to the fact that it has no central administrator, such as a bank, to control the currency. However, due to the increasing popularity of Bitcoin, and the convenience that it provides many international transactions, there are also an increasing number of binary options brokers with Bitcoin which we will explore here at TradingBrokerz.com.
First and second generation binary options brokers with Bitcoin
Bitcoin has been taken on by many binary options brokers due to the fact that it acts in a very similar way to many conventional currencies. Those binary options brokers with Bitcoin can operate on two broad levels of how they choose to use this new, virtual currency. The first level are for those binary options brokers which can be considered ‘first generation’ in their approach to Bitcoin. These first generation Bitcoin binary options brokers allow their customers to purchase binary options in Bitcoin (BTC) against the US Dollar (USD). These can typically be traded with expiry times of between 60 second and weekly binary options. Binary options brokers such as Traderush and Anyoption are binary options brokers with Bitcoin and provide for this first generation trading.
Alongside these brokers, there are also those providing ‘second generation’ Bitcoin trading. These binary options brokers actually allow for traders to use Bitcoin in order to fund their trading accounts. In addition to speculating on the future price movements of Bitcoin (BTC), the virtual currency can be used to make and withdraw payments from certain trading accounts. Although this is only still in its infancy, brokers such as SatoshiOption have created a binary option trading exchange using BitCoin as the funding currency.
What is the best way to trade Bitcoin using Binary options
Since Bitcoin has only been established since 2009, TradingBrokerz.com advise that use of this currency should be done with care. It is also worth remembering that they are unregulated and not a protected currency and may be considered as a risky investment in itself if the value of a trading account is to be denominated in Bitcoin. The popularity of the BTC currency over the past year highlights the risk posed by such a potentially-volatile currency. Although this has recently translated in to high appreciation for Bitcoin as demand has risen, the potential for demand to decrease and the value of Bitcoin to fall at a similar rate is also very possible.
Those who prefer to use the first generation trading of Bitcoin as an underlying asset, will find that the market for this is almost exactly the same as any other binary options market. Those binary options brokers with Bitcoin will therefore list these within the available assets which is accessible through the websites of each broker, prior to opening an account. For traditional binary options, this will be a straightforward decision of whether a trader believes the value of Bitcoin will be higher or lower against the US Dollar over a predetermined period of time. Some binary options brokers may also offer BTC trading using features such as One Touch trading or range trading within the BTC/USD market.
Given Bitcoin’s status as an unregulated currency, it may offer excellent trading opportunities for binary options traders to capitalise on a totally decentralized, and ultimately uncontrollable, currency. Although this also incurs additional risk, here at TradingBrokerz.com, we believe that currently the best choice for traders using binary options brokers with Bitcoin is through trading this as any other asset. Despite the strong appreciation in the value of the virtual currency over the past year, this intrinsic value is not guaranteed and therefore holding an account valued in BTC is difficult to recommend at this time given these potential risks.
Choosing between binary options brokers with Bitcoin
In terms of choosing between the binary options brokers which currently offer Bitcoin, this will depend a lot on the individual strategies employed and whether a broker offers this market or expiry time. Many of the top binary option brokers with Bitcoin will be highly competitive in terms of the markets that they offer and for this reason Bitcoin binary options can be traded most effectively using these. An important factor, for many traders, will likely be the maximum and minimum trade values that they offer. All of this information can be reviewed in advanced before registering for a binary options broker with Bitcoin and is important in making an informed decision before funding a binary options trading account.
Best Binary Broker!
Perfect for beginners!
Free Demo Account! Free Trading Education!
Only for experienced traders!