List of the 10 best Binary Options Brokers – Comparison 2021

Broker:
Regulation:
Spreads & Assets:
Advantages:
The offer:
5.0/5
12345
IFMRRC
Return: 95%+
100+ Markets
  • Accepts international clients
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95%
  • Fast withdrawals
Live-account from $10
  Visit broker

(Risk warning: Trading is risky)

4.9/5
12345
CySEC
Return: 94%+
300+ Markets
  • $10 minimum deposit
  • Free demo account
  • High return up to 94%
  • The platform is easy to use
  • 24/7 support
Live-account from $10
  Visit broker

(Risk warning: Trading involves risk)

5.0/5
12345
IFMRRC
Return: 90%+
100+ Markets
  • Accepts international clients
  • High payouts
  • Professional platform
  • Fast deposits/withdrawals
  • Free demo account
Live-account from $50
  Visit broker

(Risk warning: Trading involves risk)

4.8/5
12345
Financial Commission
Return: 90%+
50+ Markets
  • Low minimum deposit $10
  • Easy platform to use
  • $1,000 demo account
  • Fast payouts
  • Free bonus
Live-account from $10
  Visit broker

(Risk warning: Trading involves risk)

4.8/5
12345
VFSC
Return: 90%+
100+ Markets
Live-account from $50
  Visit broker

(Risk warning: Trading involves risk)

5.0/5
12345
Financial Commission
Return: 90%+
100+ Markets
  • Professional platform
  • Free demo account
  • $10 minimum deposit
  • Webinars and education
  • High payouts
Live-account from $10
  Visit broker

(Risk warning: Trading involves risk)

4.0/5
12341
No
Return: 90%+
100 Markets
  • Accepts international clients
  • 24/7 support
Live-account from $250
  Visit broker

(Risk warning: Trading involves risk)

3.5/5
12341
Return: 90%+
50+ Markets
  • High bonus
  • Social trading
  • Accepts international clients
  • Free gifts
Live-account from $250
  Visit broker

(Risk warning: Trading involves risk)

4.0/5
12341
Return: 80%+
50+ Markets
  • $5 minimum deposit
  • Free demo account
  • 100% bonus possible
  • No additional fees
Live-account from $5
  Visit broker

(Risk warning: Trading involves risk)

Broker:
Regulation:
IFMRRC
Spreads & Assets:
Return: 95%+
100+ Markets
Advantages:
  • Accepts international clients
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95%
  • Fast withdrawals
The offer:
Broker:
Regulation:
CySEC
Spreads & Assets:
Return: 94%+
300+ Markets
Advantages:
  • $10 minimum deposit
  • Free demo account
  • High return up to 94%
  • The platform is easy to use
  • 24/7 support
The offer:
Broker:
Regulation:
IFMRRC
Spreads & Assets:
Return: 90%+
100+ Markets
Advantages:
  • Accepts international clients
  • High payouts
  • Professional platform
  • Fast deposits/withdrawals
  • Free demo account
The offer:
Broker:
Regulation:
Financial Commission
Spreads & Assets:
Return: 90%+
50+ Markets
Advantages:
  • Low minimum deposit $10
  • Easy platform to use
  • $1,000 demo account
  • Fast payouts
  • Free bonus
The offer:
Broker:
Regulation:
VFSC
Spreads & Assets:
Return: 90%+
100+ Markets
Advantages:
The offer:
Broker:
Regulation:
Financial Commission
Spreads & Assets:
Return: 90%+
100+ Markets
Advantages:
  • Professional platform
  • Free demo account
  • $10 minimum deposit
  • Webinars and education
  • High payouts
The offer:
Broker:
Regulation:
No
Spreads & Assets:
Return: 90%+
100 Markets
Advantages:
  • Accepts international clients
  • 24/7 support
The offer:
Broker:
Regulation:
Spreads & Assets:
Return: 90%+
50+ Markets
Advantages:
  • High bonus
  • Social trading
  • Accepts international clients
  • Free gifts
The offer:
Broker:
Regulation:
Spreads & Assets:
Return: 80%+
50+ Markets
Advantages:
  • $5 minimum deposit
  • Free demo account
  • 100% bonus possible
  • No additional fees
The offer:

Binary options simplify trading decisions like no other financial instruments do. To trade binaries, a trader must answer one simple question:

Will the underlying asset reach a certain price by a certain time?

The simplicity of trading binary options lowers the bar for entry and enables novice traders to make profits. The ease of trading coupled with the high payouts keeps new and seasoned traders coming back for more.

Binary Options Broker picture

Like trading any other financial instrument, trading binary options requires you to sign up with a brokerage. While there is no shortage of brokers, finding one that offers the features you want and charges fees you’re comfortable with can be challenging.

Choosing a trustworthy broker is among the first steps you must take to minimize your losses and ensure the security of your funds. Every brokerage has different minimum deposits, offers different returns, and has a unique set of assets you can trade.

To help you find the right brokerage for your binary options trading needs, we’ve reviewed the top ten brokerages in the industry. 

Top 10 Binary Options brokers compared:

There is no such thing as the “best” brokerage; however, finding a broker that offers all the features you need shouldn’t be difficult. 

#1 Quotex.io: Best for any trader and highest payouts

Quotex official website

Quotex.io is one of the newer brokerages in the industry. While it was founded in 2020, it has managed to gain popularity quickly. The platform’s quick rise to success is owed to all of the powerful features it offers.

The company is a trademark of Seychelles-based Awesomo Ltd, which the IFMRRC regulates. If you’re in the United States, Hong Kong, Canada, or Germany, you will need to fund your account using cryptocurrency. However, there are no restrictions against opening an account in these regions if you’re a seller.

Quotex offers its users free integrated trading signals that boast an 87% accuracy. These signals can benefit new traders as they build their analysis skills and try to make money. Seasoned traders also use signals to determine the best trade they can make.

Another advantage of using Quotex is that it offers potent copy trading features. As a result, customers can find the best traders on the platform and replicate their portfolios in just one click.

The neatly designed interface displays a list of the top 20 traders, and users can pick one to replicate without any hassle. You will also find market signals and analyst recommendations on the terminal, which can help you navigate markets with greater ease.

Besides offering a user-friendly interface, Quotex gives users access to various digital options to trade. The platform offers over 410 options, giving you access to 27 currency pairs, making it one of the more versatile binary options forex brokers.

You can also trade binary options on cryptocurrencies, commodities, and indices on Quotex. Signing up will fetch you a 100% deposit bonus, and you can start trading with as little as $10 in your account. 

The demo account is free to use, but as you get comfortable with trading on the platform and use the live account, you could potentially make a 95% profit on every winning trade. Of course, the fee varies from trade to trade, but it is typically low.

Since the platform is regulated, you don’t have anything to worry about when it comes to security. You can use Quotex on your computer and also on Android phones by installing the application.

Overall, Quotex is one of the most impressive binary forex brokers in the industry.

#2 IQ Option: Best user-friendly interface

IQ Option official website

If you prefer signing up with a brokerage that has established itself as trustworthy, IQ Option may be the right broker for you. The brokerage charges competitive fees and makes trading binary options fast and easy.

The company was founded in 2013, making it one of the industry’s most established binary options brokers. The brokerage is regulated by the Cyprus Securities and Exchange Commission, warranting the security offered by the platform.

IQ Option boasts an award-winning trading platform that comes loaded with several useful trading tools. It has everything from economic calendars and stock screeners to historical quotes and volatility alerts. In addition, the platform is available in 13 languages, making it that much easier to use.

The broker allows binary options trading on a variety of assets. With an IQ Option account, you can trade binaries on forex markets, stocks, commodities, cryptocurrencies, and ETFs. Digital options and indices are also available. 

If you’re in the EU, you can also use FX options. While they have fixed risk and pre-defined profit potential, payouts for forex options can reach up to 2000%. FX Options make IQ Option one of the best binary forex brokers you can sign up with.

Traders can trade on to go by installing the IQ Option app on your phone. It features the same proprietary interface and comes with all of the tools as the browser version of the platform.

One of the best things about IQ Option is its complete transparency with its fees. Except for cryptocurrencies (2.9% commission), you can trade any financial instrument free of charge. If you hold a position overnight, you will need to pay between 0.1% – 0.5% of the position’s value as swap fees.

The broker also charges an inactivity fee if you don’t trade for 90 consecutive days. There are no withdrawal fees if you use payment services, but if you withdraw using bank transfers, you will need to pay $31.

The excellent customer support and free demo account make it the go-to trading platform for many.

#3 Pocket Option: Best brokerage for international-based traders

Pocket Option official website

Pocket Option is a relatively new brokerage that emerged in the industry in 2017. Owned by Gembell Limited, based in the Marshall Islands, the broker is regulated by the IFMRRC. 

The excellent array of features and the reassurance of proper regulation make it the go-to broker for many binary options traders in the USA.

You can create an account quickly and begin trading any of the 130+ assets the broker offers. In addition, you should have no problem funding your account since the broker providers several payment methods.

Pocket Option offers high/low options, making it easy for traders of all skill levels to make successful trades and earn high payouts. The brokerage’s payouts vary from trade to trade; however, you can expect 80%-100% payouts on most trades. 

The lowest payout the broker offers is 50%, and the website states that some trades can earn you a 218% payout.

When you first fund your account, you will receive a deposit bonus of 50%. The more you deposit, the higher the 50% bonus will be. The minimum deposit is $50, which is a little higher in comparison to other brokerages. Note that you cannot withdraw from your account before you make a trade.

Most trades use the web browser version of Pocket Option. However, desktop, Android, and iOS applications are available to make trading more convenient.

Pocket Option offers additional features such as social trading, tournaments, and achievements. Social trading enables you to study the trading habits of successful traders on the platform and pick up their skills. 

You can also compete with other trades to win prizes. Pocket Option’s tournaments have prizes up to $50,000, and if you win, you can use all of those funds to trade and make more money.

The platform rewards you for reaching certain milestones. Using the platform consistently will give you perks like higher payouts and bonus trading funds to improve your trading experience.

The signals and indicators on the platform make it easier for you to navigate markets and make sensible trades.

Pocket Option is one of the most sought-after binary options brokers, and it’s not hard to see why.

#4 Binomo: Best Broker for competitive traders

Binomo official website

Competing against other traders can be an excellent way to learn trading techniques and understand how markets work. If you’re looking for a platform that allows you to apply yourself in this way, Binomo is the best broker to sign up with.

It was established by St. Vincent-based Dolphin Corp in 2014 and has garnered a user base of over 880,000 traders worldwide. Being one of the most popular brokerages in South Asia, Brazil, and Turkey, the platform facilitates over 30 million trades every week.

Binomo is one of the most secure binary options brokers you can sign up with. Besides making trading easy, the proprietary trading platform encrypts all user data using SSL. 

Furthermore, the International Financial Commission regulates Binomo and protects traders from losses of up to 20,000€ in the event of a security compromise. In addition, there are regular audits of the platform by third-party company VerifyMyTrade, ensuring the integrity of user funds data. 

What’s more impressive is that Binomo is currently working to acquire a CySEC license. Regular audits, regulations, and certifications are indicators of reliability in brokers. 

The interface has more than 20 graphical tools, enables the use of hotkeys, and also has an economic calendar that facilitates informed trades. The company offers many account levels, each with unique requirements and perks.

Some of the less impressive features of the platform include a demo account with $1000 in funds and a comparatively limited asset offering.

However, the low minimum deposit, deposit bonus, and regular platform tournaments more than make up for the platform’s limitations.

Entry fee for tournaments ranges from free to $30, and winners can earn anywhere between $300 to $40,000. Traders with Gold and VIP accounts get additional perks when they win tournaments.

The weekend trading features, up to 90% payouts, and responsive customer support make it hard not to recommend Binomo.

#5 Expert Option: Excellent social trading features

Expert Option boasts an interface that strikes the right balance between ease-of-use and utility. It is the right platform for novice and seasoned binary options traders alike.

The broker has served traders since 2014, and since it is established in Vanuatu, it is regulated by the VFSC. As of 2021, it has over 74 million users who can trade any of the 100+ assets on the platform without any hassle.

Expert Option’s feature-rich platform boasts near-instant execution, accurate price feeds and enables weekend trading. 

A demo account with $10,000 is available for any trader that visits the website. You do not need to register to use the demo account – you can use the demo account by visiting https://app.expertoption.com/.

One of the best things about Expert Option is that it has both mobile and desktop apps. So you can trade binary options conveniently wherever you are using either the apps or the browser version.

The broker now offers a 100% deposit bonus to first-time users. The more you deposit, the more you can trade. However, the social trading features are likely the platform’s most impressive features. You can trade with your friends and also see what successful traders and investing in.

The several technical analysis tools, four chart types, and many indicators and trendlines help you make sense of price movements and make sensible trades. 

Expert Option offers many trading education resources to help traders of all skill levels learn and grow. You will find everything from video tutorials and online webinars to daily market analysis and updates on Expert Option.

The platform’s excellent feature set makes it extremely popular. However, it is important to note that it does not cater to traders in the USA, Canada, Australia, and many other countries.

#6 Deriv: Most versatile broker

Regent Markets Group initially founded BetOnMarkets.com in 2000 to facilitate easy online trading. In 2013, the platform was rebranded to Binary.com, which is now a well-known brokerage in the industry.

To express their renewed commitment to making binary options trading as accessible and easy as possible, Regent Markets Group recently rebranded Binary.com to Deriv. Over two decades, the platform has evolved and now offers enhanced features, new trade types, and several added charting applications.

Deriv makes a solid first impression on traders since four different authorities regulate it. The regulatory oversight makes it stand out as a reliable brokerage.

You can trade any of the 100+ assets the broker offers, and you can also trade on weekends. Deriv has a minimum deposit of $5 and offers payouts up to 100%. Traders can leverage up to 1:1000 and carry out forex and CFD trading besides binary options trading.

The four different trading platforms offered enable traders to trade to their strengths and get the trading experience they want. The trading platforms are:

  • DTrader: It is an easy-to-use web-based platform that offers 50+ assets with a potential payout of over 200%. It is customizable and offers excellent charting capabilities. 
  • DBot: It is an automated bot that does not require coding. You can feed trading strategies to the bot using pre-built ‘blocks’ that you can drag and drop in sequence. The several analytical tools, indicators, and smart logic features help you maximize profits. The bot comes with three built-in strategies and is available for free. 
  • DMT5: The MetaTrader 5 platform gives traders access to over 70 assets and offers a leverage of 1:1000. You can toggle the technical indicators between advanced and professional modes. Furthermore, the excellent technical indicators allow you to trade without any hassle regardless of your skill level.
  • SmartTrader: It comes loaded with the most functions and options of all of Deriv’s platforms. The interface makes chart analysis and order placement straightforward. The “how to trade” section helps traders learn to use the interface quickly.

If you’re looking for a safe and regulated platform that offers several ways to trade, Deriv is the right broker to go for.

#7 Olymp Trade: Best for Indian Traders

With over 25,000 traders using the platform every day, Olymp Trade is one of the most popular brokerages out there. While it is most popular in South Asia, its headquarters are in St. Vincent and the Grenadines. The brokerage has been operating since 2014 and is regulated by the IFC.

Over its many years in the industry, Olymp Trade has won many awards, a testament to the broker’s focus on ease of use. The clean and organized interface makes it easy to find what you’re looking for.

You can trade from your Mac or Windows computer using the web browser or installing dedicated applications. Olymp Trade also enables trading on the move with its mobile applications.

While there are no account maintenance or custodial fees, you will need to pay a 15% fee for positions you hold overnight. In addition, if you do not use your account for 180 consecutive days, you may need to pay a subscription fee depending on your account type. Further, accounts with insufficient funds are automatically closed. 

The broker charges a per-trade fee for forex trades. The fees vary according to the amount, leverage, and market conditions. More importantly, you must note that the broker offers variable leverage for different types of trades. While the website may display attractive leverages of 1:400, for most popular currency pairs, you will only get leverage of 1:30.

However, the $10,000 demo account, trading bonuses, and the 50% deposit bonus more than make up for the platform’s limitations. 

It is one of the best binary options brokers to use if it is available in your country.

#8 BinaryCent: Top broker for Copy Trading

BinaryCent has established itself as a trustworthy brokerage in its four years in the industry. The brokerage is owned by Finance Group Corp and managed by Cent Projects Ltd. It was founded in Vanuatu in 2017, and besides offering binary options, BinaryCent also enables forex and CFD trading. 

The broker’s payouts typically range from 60% to 80%; however, you can get paid up to 95% of the position’s value. Expiry times can be as short as 60 seconds, and you can place a trade with as little as 10 cents.

In addition to stocks, commodities, and forex pairs, BinaryCent also allows trading binary options on cryptocurrencies. Depending on your trading style, you can choose to trade assets with turbo, intraday, or long-term strategies.

You can use either the browser platform or the mobile application to trade using BinaryCent. You can download the mobile application from the Google Play Store or the Apple App Store. It is important to note that you will need to enter your mobile number to use the mobile app.

The broker has three account levels: bronze, silver, and gold. These accounts have minimum deposit requirements of $250, $1000, $3000, respectively. 

Higher-tiered accounts offer several perks like free trading masterclasses, live chat features, and a free account manager. BinaryCent also offers deposit bonuses of 20%, 50%, and 100% according to your account tier.

But perhaps the best thing about BinaryCent is its copy trading features. The brokerage makes it easy for traders to replicate the success of other traders. 

Many novice traders use BinaryCent’s copy trading features to increase their trade size and increase their chances of making money.

The exciting trading contests, demo account access, and excellent deposit bonuses make BinaryCent one of our top picks.

#9 RaceOption: Best Brokerage for Bonuses

Headquartered in London, RaceOption was founded in 2014 and attracted traders from across the globe with its user-friendly interface and numerous perks.

The trading platform is simplistic; however, every tool you may need is laid out in front of you for easy access. While straightforward the interface makes trading easier, it does not show in-depth statistics and offer several potent analysis tools like other platforms. Therefore, if you’re a seasoned trader looking for a feature-loaded platform, RaceOption may not be right for you.

The broker offers three account types: bronze, silver, and gold. If you deposit $250, you get access to the bronze tier account. You will need to deposit $1000 and $3000 to get access to the silver and gold tiered accounts, respectively.

Each tier offers some perks – the higher your tier, the better the deposit bonus, and the more features you’ll unlock. Features such as trading masterclasses, account managers, and integrated technical analysis unlock at higher tiers only.

RaceOption can offer a large number of assets due to limited regulatory oversight by the Finance Group Corp.

You can trade over 150 assets with RaceOption, and since the platform offers five different trade types, you won’t be limited by the platform when designing a trading strategy. 

Payouts range between 60% and 90%, and every new user receives a deposit bonus according to their account tier. These features, coupled with the mobile trading app, demo account, and several withdrawal and deposit options, make RaceOption the right broker for new traders.

#10 Binarium: Best Unregulated Broker

Cyprus-based Binarium has been serving traders from across the globe since 2012. While any authority does not regulate the platform, it has an active user base and is considered a safe and reliable platform.

Opening an account doesn’t take long, and the browser platform has an easy-to-use interface. In addition, the support team works around the clock to ensure every trader gets the help they need at the earliest.

When it comes to user security, the brokerage makes no compromises. The strict privacy policy, 3D secure system, and SSL-certified payment methods make it a trustworthy platform.

To start trading, you must deposit a minimum of $5 or create a demo account free of charge. The brokerage offers 33 trading assets, and the selection includes currencies, cryptocurrencies, indices, and commodities.

Binarium allows you to trade seven days a week and offers a 100% deposit bonus. You can earn up to 90% payouts on the platform. Furthermore, once your account gets verified, you will be able to withdraw your funds in an hour. 

You can trade with Binarium using a web browser or a mobile application.

How to pick the right Binary Options Brokerage:

Now that you’re acquainted with the industry’s best brokers, picking one from the bunch can be challenging. 

As mentioned earlier, there is no such thing as a perfect brokerage. However, if you know what you need from a brokerage, finding a broker that meets your needs shouldn’t be much of a hassle.

Here are some factors you should consider when selecting a brokerage to trade with:

Regulation

The most critical aspect of a binary options brokerage is whether it is regulated or not. A regulated brokerage is far more reliable than one that isn’t regulated. Oversight ensures that the money is held by the right parties and provides protocol in the event of a dispute. 

Official regulation and license are very important

Brokerages may be regulated under many different bodies, including:

  • Financial Services Board
  • Financial Conduct Authority
  • Commodity Futures Trading Commission
  • Australia Securities and Investment Commission
  • The Cyprus Securities and Exchange Commission 

While most reputable brokerages are regulated by just one authority, some brokerages choose to be regulated by several bodies. 

Regulatory oversight by more than one authority is becoming increasingly common, especially in the EU, since binary options are now under increased scrutiny.

Ensuring that your brokerage is overseen by at least one authority is the right way to go. 

But it’s important to remember that if a brokerage is not regulated, it isn’t necessarily fraudulent. Regulation often restricts brokerages from offering more assets. For this reason, some reputable brokerages choose to remain unregulated.

Bonuses

Brokers offer sign-up bonuses to attract more clients. Most often, the bonus is in the form of a deposit match. One-off payments and risk-free trades are some other popular bonuses. Remember that all of these are subject to terms and conditions.

It is worth taking the time to read the terms and conditions before deciding to sign up. If the bonus is one of the bigger reasons for you to sign up, being disqualified from receiving the bonus makes it lose its attraction.

Furthermore, using the bonus effectively can be a lot more difficult than it may seem. Most brokers do not allow you to withdraw the bonus after making signing up. It can only be used when making certain orders. 

This can affect your trading style significantly and sometimes causes traders to trade beyond their budget, forgoing their money management system.

If the bonus does not suit you, it is best to look at other brokerages.

Minimum deposit and minimum trade

A low minimum deposit makes it easier for you to get started with trading. In addition, smaller deposits keep risk to a minimum. Brokerages that offer a minimum deposit of under $50 are a reasonable choice. However, some brokers have a $100+ minimum deposit.

Payment methods

It is also important to check the minimum trade amount. These can vary drastically between brokers. Brokers typically have a minimum trade amount ranging between $1 and $50. Ideally, you want the minimum trade amount to be $25 or lower.

A higher minimum trade amount may not be a dealbreaker to some traders, but it can be a dealbreaker to many others. 

If you’re a novice and just starting to learn or want to try out new trading strategies, using a practice or demo account will decrease the risk to zero.

Payout percentage

Another significant consideration is the payout percentage the brokerage offers. However, comparing payouts between brokers is more complicated than it seems. 

Payouts change based on several factors, such as asset type and expiry time. Payouts also change from broker to broker as they manage their own risk. So even if you sign up with the brokerage offering the best payout on paper, you may find another broker offering a better payout later.

Therefore, signing up with brokers based on the payout they offer isn’t the right way to go. 

All you can do is visit the broker’s website, check their payouts and expiry times, and narrow down your options to the brokers that offer the best payouts most often. In general, exchanged-traded brokers like Nadex offer better payouts than over-the-counter brokers. 

Bear in mind that you are free to switch back and forth between brokers as you please. If one broker doesn’t meet your expectations, you can delete your account and move to another brokerage.

You could also make accounts with different brokerages and open trades with the brokerage that offers the best payout for that trade.

Ease of use

If you’re new to binary options trading, a simple interface will make it easier for you to understand price movement, place orders, and make money. Several brokers aim to make trading binaries as simple as possible for new traders.

In contrast, if you’re a seasoned trader, you may be looking for a platform that offers advanced analysis tools. 

Most brokerages offer free demo accounts, and using the demo account to get a feel for the platform will ensure you have a hassle-free trading experience later down the line.

Review of the Binary Options Brokers support and Service for traders

As a trader, you need good support and service. Most brokers are showing experience and knowledge in Binary Options. The Binary Options Brokers in this review give you the best and fastest support. According to that, they give traders sometimes a good education with webinars, videos or strategies. For beginners, it is important to learn theoretically about Binary Options. It is a risky financial product.

You can learn the basics and advanced trading knowledge in webinars with experts. The most brokers first show you the basics like functions of candlesticks and the use of technical indicators. Usually, a trading platform offers more than 30 different indicators. Sometimes it is hard to find a good working strategy with them. In addition, they give you some advanced knowledge and information to rule the markets. Most brokers offer you a better education if your deposit is higher (see account types).

Another option of service is account types. For big traders with high deposits and high trading volume, some brokers offer different account types. As a trader, you can get great advantages. They offer you higher yields, better support, bonus or a cashback program. This is a way to get more profit in trading. For example, the broker offers you a higher asset profit of 5%. That can be very helpful.

The companies in this review offer you:

  • Chat support
  • Telephone support
  • Email support
  • Education centers
  • Webinars, videos, strategies
  • Account types
  • Account managers

Free and unlimited Demo Accounts are necessary for every trader

The broker should provide you with a free demo account. This is an account with virtual money. It is made to practice the financial product and to test the trading platform. You can trade Binary Options without any risk with this virtual money. It is completely free to use. Also, traders can develop new strategies or improve their trading skills. Advanced traders or beginners try to trade new assets for the best success with this account.

Open your free demo account now.

On the other hand, sometimes the broker gives its traders trading tips for analysis or strategies. The demo account is perfect for practicing that new knowledge. Trading is very complex and often it is not easy to find the right way. This is the main reason for using a demo account. Most traders gain experience first before they invest real money. With own experience, it is possible to get a high profit with trading in the right direction.

The first steps for your Binary Options success:

  1. Learn the Binary Options basics. Information for trading Binary is available at the broker platform or the internet. For questions, there are certain forums available.
  2. Develop a successful strategy. Most brokers will help you to find a way to trade successfully.
  3. Use the Demo account. It is an account with virtual money. So you trade without risk the markets.

You should ask yourself these questions:

  • What do I want to achieve with the trading of Binary Options?
  • How much I want to invest?
  • Where, on which market I want to trade?
  • How do I react to losses?
  • What are the chances of winning?

Countries for traders

Binary Options are not allowed in every country of the world. In addition, some countries forbid trades to use foreign brokers. Most brokers accept international traders, but there are restrictions for forbidden countries. You can not generalize it because the broker decides which customer he accepts.

Nowadays Binary Options become more and more popular for traders. It is a simple and efficient financial product. It is possible to generate a high payout in a short time horizon. Asian and Africa are growing very fast and people like the function of trading. The brokers in this review try to improve their service in this region of the world because the demand is very high. They improve their customer support with different languages and other services.

The fastest growing countries:

  • India
  • Asian
  • Thailand
  • Ghana
  • Philippines
  • Indonesia
  • Malaysia
  • Nigeria

Frequently Asked Questions:

Where can I do binary trading? Where to trade binary options?

You can trade binary options by signing up with a brokerage that allows binary options trading. You can find the right brokerage by going through our guide above and reading the broker reviews.

Which binary options broker is best?

Every brokerage offers unique perks and has unique downsides. Further, traders have different needs, and what may be best for one trader may not work for another trader.
To find the best binary options broker, note the features you cannot go without, and find a brokerage that offers every feature you want.

How do you know if a binary options broker is legit?

The best way to know if a broker is legit is to ensure it’s regulated. Regulatory oversight ensures that your money goes into the right hands, decreasing the risk of fraud. 
If a brokerage is not regulated, it does not indicate that it is not legitimate. Many reputed brokerages avoid regulation so they can offer more assets to traders.

Which broker has binary options?

Not every broker offers binary options – some offer just forex pairs while others offer CFDs. When looking for a broker for trading binary options, go through the assets it offers and ensure it allows binary options trading.

Conclusion: The best Binary Options broker

Concluding definitively that a certain brokerage is the best one you can sign up with is not easy. Some users like a simple layout, while others prefer having all the data on their screen. In other words, it’s a question of personal taste.

Nevertheless, trading platforms can vary in terms of quality. Platforms that have a simple layout can be more or less easy to use in comparison. 

In general, brokers that offer both binary options and CFDs have a more feature-loaded platform. 

This post highlights all of the pros and cons of the top brokerages in the industry. Your next step should be narrowing down brokerages and selecting the one that suits you best.

(Risk warning: Trading involves risks)


Other types and categories of binary brokers: