Best binary options brokers

Best binary options brokers

Trading binary options became more popular due to its simple trade mechanism: it’s all-or-nothing sort of a gamble. But gambling your trade investment to an unregulated broker is something you can avoid.  Moreover, before signing up for an account with a binary options broker, you need to look for comparison factors that will ease your job of choosing a broker.

On top of our list for considerations would be: Is this broker regulated? If yes, with which regulating body is it affiliated with?

The rest of the considerations are the following:

  • Minimum deposit – Which broker offers the lowest deposit amount required in opening an account?
  • Demo Account  – Does it offer a free demo account (especially if you are a beginner)
  • Market Signals service – Does it provide market signals services for FREE?
  • Mobile app – Does it have a mobile app that will enable you to trade even when you are on the go?
  • Sign up bonus – Which broker offers an excellent bonus upon account signing up?
  • Terms and Conditions – Are the terms and conditions stated clearly?
  • Trading platform – Does it utilize a good trading platform?
  • Asset classes offering – Do they offer an array of asset classes? (cryptocurrency, forex, commodities, stocks, etc.)
  • Range of expiry times of contract – Which provides the broadest range of expiry times for the deal? (Having the options ranging from seconds to months)
  • Minimum trade amount – Which broker offers the lowest trade cost?
  • Available Options – What types of options do they feature? (Ladder, Touch, Pairs, Boundary, etc.)
  • Automated trading software – Do they operate a Binary Option Robot that will carry out the trading strategy?
  • Customer care service – Can they be easily contacted anytime?
  • Maximum returns – Which broker has the best payout after a successful trade?

These considerations will help you choose the best broker out of the many binary options trading brokers that will either help you make money or make their own money through you.

Regulated binary options brokers

Since trading is made over-the-counter, an online financial transaction is prone to risk. So choosing good binary options brokers is crucial to making it to the market with your money safe. Typically, a common red flag is when a broker seems to posts higher than average return, or at times, manipulates prices that will make customers lose their wager.

So we made it easier for you by doing the research and giving you the list of regulated Forex Binary Options brokers together with their respective regulators:

Note: These are not the only regulated brokers, but they are some of the top-rated brokers.

Broker Regulator
IQ Option

24Option

Binary.com

Nadex

BDSwiss

Hirose

HighLow

The Cyprus Securities and Exchange Commission (CySec)

The Cyprus Securities and Exchange Commission (CySec)

Malta Gaming Authority

Commodity Futures Trading Commission (CFTC)

The Cyprus Securities and Exchange Commission (CySec)

Labuan Financial Service Authority

Australia Securities and Investment Commission

In choosing the Binary Options broker, the regulatory status of the brokerage firm should be your first consideration as a trader to protect you from scams. The only setback there is in being regulated by a regulator is the limit on traders being accepted primarily based on geographical location. Depending on the regulator’s terms, a broker can only take traders within a specific region.

So trade with luck and enjoy Binary Options trading!