Binary Options Broker Reviews by Binary Options Hub ©

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

Binary Options Hub

Binary Options Broker Reviews

Binary Options Broker Reviews

Binary Options Hub strives to provide you with the best binary options broker reviews. Below you can find a binary options brokers comparison table that includes only trusted binary options brokers. Don’t know what binary options are? Check out the Starter’s Guide!

After the table with the best binary options brokers you can check the worst ones – binary options scams. Take care and avoid scam binary options brokers! After that, the binary options bonus from trusted binary brokers are displayed.

Top 3 Binary Options Broker Reviews

Check out Binary Options Hub’s list of the trusted binary options broker reviews. Quickly preview the main features at the table and click on the logo to read a detailed review. As a rule, US friendly binary options brokers are not regulated.

Broker License Platform US Bonus Start now
CySEC Custom N/A% Sign Up
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Deserve to be on this list? Let us know!

Binary Options Scam Review

Trading binaries is great, but there are many scams out there. While trading binary options is risky, it is even riskier to trade with a scam binary options broker. Stay away from untrusted places and trade only with verified binary brokers. Here we will post a list of Binary Options Scams. Binary Options Hub list of shame is here to guide you about binary options scams so you can rest assure you are in the safe place.

If you broker is on the list below – run away, as it is definitely a binary options scam!

Broker License Platform US Bonus Start now
N/A SpotOption 100% Scam Review
CySEC Cedar Finance 30% Scam Review
N/A TraderXP N/A Scam Review
N/A Custom N/A Scam Review

Know binary option scams? Make this info public – Let us know!

Best Binary Options Bonus Review

Looking for some extra trading capital? Check out great deposit bonus offers from the best binary options brokers. You can get a bonus from 30% to 100% and this way you can get more opportunities. Don’t go for the biggest bonus, go for the honest binary options brokers that offer the most suitable bonus for your binary options trading strategy!

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

Most of the binary options deposit bonus deals are offered on the first deposit only, so choose the broker wisely & start with the right deposit. Only best binary options bonuses below!

Broker License Platform US Bonus Start now
CySEC KeyStone 50% Sign Up

Want to add a better binary options bonus? Drop us a message!

Top Binary Options Broker Reviews

When it comes to trading binary options online, you should invest most of your time not only into education and the development of your binary options trading strategy, but most importantly you should focus on choosing one of the top binary options broker! This is vital, as setting up a binary brokerage is quite accessible these days and this is why there are many binary options scams.

Binary Options Hub is here to help you choose the best binary options broker, so you can trade safe in the knowledge that your broker will not trick you.

How to Choose a Good Binary Options Broker?

The first step in choosing your place for trading binaries should generally depend on your location. This is vital, as every trader should be going for a regulated company. Below we will describe what kind of options you have when it comes to selecting your binary broker depending on your country.

Regulated Binary Options Broker Reviews

Should you be located in Europe – you need to generally go for one of the CySEC binary options broker, as there are quite many. It is important to choose a broker that is regulated, as the chances your broker will not trick you are quite high. Binary Options Hub would recommend you to open an account with IQ Option, as this broker is not only regulated, but also provides easy deposit and withdrawals methods and amazing support.

If you are from the UK, be advised that currently there is no FCA regulated binary options broker. As you cannot find a licensed company in your location, it is advised to go with a CySEC broker too.

For the US traders the situation is even harder. There is currently only one NFA regulated binary broker – Nadex, yet Binary Options Hub would not recommend you to trade with it. As a US binary options trader, you can only choose an unregulated binary broker, but this should only be done with the high level of attention. There are many scams and most of them are actually looking for the US traders. In most of the cases, a CySEC regulated binary broker would not accept US clients, even under its offshore entity. This is why we would recommend you to open an account with CTOption, this is a trusted broker that provides superior trading conditions and welcomes US traders.

Should you come from the countries outside of the US, UK or EU, you should generally settle for the offshore entities of the CySEC regulated brokers. This way you will still be accepted and even though you are not going to open an account in the regulated entity, you would be trading in the company that supplies an alike type of services. We would recommend you to open an account with IQ Option as this brokers certainly supplies the best value for money and offers quite attractive deposit bonuses on binary trading accounts.

Binary Options Trading Platforms aka Binary Options Software

Another important aspect in choosing the best binary options broker for you is to select the one that supplies the most versatile trading platform. When it comes to selecting the best software for trading binary options online, you may consider a few options. In general, Binary Options Hub would recommend you checking its Software Review Section, this way you can get a good overview of the choices available to you. Trading software in this industry is still not so developed compared to the FX industry, still there are better and worse choices. If you are a beginner and are looking for a solid platform straight away, it is recommended to check SpotOption Platform Review and then to pick up one of the brokers offering this platform.

Binary Brokers Reviews of Options Scams

There are many scams in this industry, hence we would recommend you to contact us before opening an account with a broker not listed on Binary Options Hub in Binary Brokers Reviews.

List of the 11 Best Binary Options Brokers – Review 2020

The choice of a good Broker is undeniably one of the hardest steps to successfully trade as a beginner. My Binary Options Broker list and comparison can be very helpful here because the selection of brokers on the internet is quite large and therefore the chance to find a good broker. Find your suitable broker in a few moments in this honest review.

Best Platform
Highest Yield 100%+
Best Support

Broker: Review: Regulation: Min. Deposit: Yield: Advantages: Open Account:
1. IQ Option (5 / 5)
Read Review
CySEC (EU) 10$ up to 100%+
2. Olymp Trade (4.8 / 5)
Read Review IFC 10$ 92%+

Huge range of assets
High Yield 92%
Bonus Program 3. Expert Option (4.8 / 5)
Read Review VFSC, FMRRC 50$ 90%+

Good Platform
Account Types
Good Education 4. Binary.com (4.8 / 5)
Read Review MGA, FSC, VFSC 5$ up to 100%+

Highest yield
Clear platforms
Automatic trading 5. Binomo (4.7 / 5)
Read Review IFC 10$ 87%+

Clear Platform
High Yield 87%
VIP Program 6. Finmax (4.6 / 5)
Read Review FMRRC 250$ 70 – 90%

Account Types
Bonus Program
Webinars, Coachings 7. BinaryCent (4.3 / 5)
Read Review ✘ 250$ 80 – 95%+

Support 24/7
High Yield 95%
Trade with cents 8. Binarium (4.1 / 5)
Read Review ✘ 10$ 70 – 85%+

Clear Platform
Fast execution
Huge range of assets 9. Pocket Option (4 / 5)
Read Review FMRRC 50$ 80 – 90%+

Innovative Platform
Awards
Bonus Program 10. RaceOption (4 / 5)
Read Review ✘ 250$ 70 – 90%

Support 24/7
FX/CFD/Binary
Bonus Program 11. Ayrex (4 / 5)
Read Review ✘ 5$ 70 – 85%

Good Platform
Contests
Bonus Program

Binary Options is a financial instrument to trade worldwide assets with the possibility of a high return on investment. It is like betting on rising or falling markets. There are only 2 options, that is why it is called “binary”. You can win a high return of 75 – 95% in a selected time horizon or you lose the amount of your investment. It is so popular because it is a way to trade the markets very fast (5 minutes or less) and easy. I have to mention here you can trade it longterm too.

For more information about the financial product and how it works read the article: “How are Binary Options are working?”

The criteria of the Binary Option Broker Review 2020

If you looking for a good broker, you should following the next steps when you check the company. Sometimes traders get scammed by a bad and criminal broker. With this review and comparison, we try to prevent it. Furthermore, Binary Options are very risky. You only should invest money, which you can afford to lose. You can check the following criteria for finding the best company.

Criteria for a good and reliable Binary Options Broker:

  • The official physical address of the broker
  • Regulation or license
  • Free Demo Account
  • Experience in the markets
  • Good support and service
  • High asset profit and fast execution
  • User-friendly trading platform
  • A platform for mobile trading

Reliability of a broker and safety for traders

It is important to look at how long the broker has been on the market. I easy checked it on the homepage from the financial companies. A good broker provides you with all the information which you want to know. Some companies got an international regulation or license. Also, this is good for reliability. In addition to that, I checked the address of the brokers in this review. As a trader, you want to see clearly an official address of the company. At latest a trader should trust a broker. If you are not sure, just invest a less amount of money first and check the platform by yourself.

Official regulation and license are very important

High payout and asset return of investment for Binary Options

One of the most important point to consider is the asset profit. The average of the payout in this review is 75-95% for each Binary Options trade. There are differences between the brokers. Every trader wants to make a high profit in trading. If one broker got less asset profit like – 5%, this can be a huge restriction to you possible profits.

Moreover, every time the payout depends on the traded asset. Normally the broker provides the highest payout on the most traded asset. In addition, the payout can dependent on the expiration time too.

Which broker provides the highest profit?

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.

How to open your real account

The opening of a real account should be as easy as the opening of a demo account. In most cases, it is very easy and fast. The broker requires some additional documents and data of the trader to proof their personality. Upload a picture/copy of your passport. Sometimes they require a utility bill. The broker will check the documents and verify your account in less than 24 hours. Important information: The broker only withdraws full verified accounts. (Not every broker requires this documents)

What do you need:

  • Data: Full name, address, birthday, phone number
  • Picture/copy of your passport
  • Sometimes picture/copy of a utility bill

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

Diversity of assets and test of the Binary Options trading platform

I tested the trading platforms of the Binary Options Broker Review. In conclusion, they are very good and innovative. They give you a very good reaction rate which is important for short-term trading. You can use them for your computer or as an app for your mobile phone. In addition to that, they are very flexible and customizable. Use different indicators for the best strategies. As you see in the picture below I am using Bollinger Bands and the RSI. They are very popular.

First of all the trading dashboard is the most important point of the trading platform. You should be able to switch very fast between different expiry times and create new trades. Some strategies are designed to have multiple trades open at the same time. The brokers in my review provide you the fastest execution time. Secondly social trading very popular. In some trading platforms, you can copy the best traders of the broker and make an automatic profit. They show you transparently what they are trading and you can start copying them.

Another important point is the flexibility of the platform. An app should be available for mobile trading. On most platforms, you can customize the chart very easy. Thanks to the digitization, platforms are getting better and the brokers always try to improve them. Use free indicators and technical tools for your analysis. Moreover, you can use the newsfeed to trade exactly high volatility. Market news occurs every day – Why not use them to make money?

Facts of the Broker Review:

  • Fast execution for your trades
  • Customizable
  • Use indicators and more
  • Apps for mobile phone
  • More than 50 different assets

On the most trading platforms, you can trade Binary Options with forex, stocks, cryptos, and commodities. There is a big diversity of assets for you. The yields depend on the category of the asset. More often than not the most traded asset gives you the highest yield. You can easily see that on the platform.

Weekend Trading (OTC) and Cryptocurrencies (Bitcoin and more)

Each broker in this list provides the service to trade on the weekend. The platforms are open 24/7. Weekend trading is allowed and advocated. On the weekend you can trade Cryptocurrencies like Bitcoin, Ethereum, Ripple and Forex OTC charts. Cryptocurrencies are traded decentralized and the stock market is open 24/7 for them.

Especially attention should be paid to the OTC Forex charts. Normally the stock exchanges are closed on the weekend but the international internal bank market is working. The volatility is much less than in the normal working days Monday – Friday.

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?

Deposit and withdrawal by a Binary Options Broker

Nowadays the deposit is easy like the withdrawal. Most brokers only need a small amount of money to open your real account and give you access to the market. Capitalize your account in few seconds with a credit card, bank wire, cryptocurrencies or other e-wallets. Today it is very simple. The withdrawal systems are working very good too. Sometimes it is fully automatic. Most companies payout in less than 24 hours. In addition in a lot of cases, there are not any fees for you. Another important fact is brokers only withdrawal verified accounts. So get your account full verified with the right documents as mentioned before.

Bonus Programs and conditions for traders

Bonuses are very popular in the section of Binary Options Brokers. Most companies offer a deposit or a no-deposit bonus. There are a huge diversity of promotions for traders. Mostly the bonus depends on the deposit amount or you can choose it manually. For example, some brokers offer a bonus of more than 200%.

It is a good way to top up your trading account balance and earn more money. You can trade with more risk and grow faster your account, but you should not forget the bonus conditions. Every time there are requirements for the bonus. For example, you do a deposit of 5000$ to your broker and trade with sensible money management of 1% of the account balance per trade. That means you invest 50$. Now you activate a bonus of 100% and additionally you get extra 5000$ and your account balance is 10.000$ now. At the moment you can trade with sensible money management with an amount of 100$ per trade. That sounds good and you grow your account faster as without bonus.

The deposit bonus is a good way to increase your account balance and to trader with more risk.

As mentioned before there are conditions of the bonus. Simply there is the requirement of turnover of the bonus amount. Sometimes you have to do a turnover of x20 and sometimes you have to do a turnover x50. It is important to read the bonus requirements. If you got any questions, you can ask the support. In most cases, you will see the requirements transparent on the platform.

  • Deposit bonus: Get additional money to your account balance.
  • No deposit bonus: You will get a small amount of money for free, but you have to do a huge turnover before you can payout the profit.

Welcome Bonus for beginners

The no deposit bonus is named welcome bonus. There are different ways to get a welcome bonus. One way is to win a free demo contest (read more below) without any risk. You compete to other traders on the platform. The rules are easy to understand: Just try to get the highest account balance versus your competitors. If you win, the broker pays a high prize. It is like a welcome bonus because you do not invest real money.

On the other hand, as mentioned before the no deposit bonus is like a welcome bonus. There are a few brokers who offer this bonus. Just create your real account and activate the welcome bonus. The company gifts you any amount of money to your account balance but you can not withdraw the money. You have to do a high turnover of the welcome bonus like 30x or 40x. Recommend broker for a welcome bonus is Pocket Option.

Binary Options Tournaments

In addition, most brokers offer tournaments or demo contests for beginners and advanced traders. You must pay a fee to participate in a contest with a huge prize fund. The rules are very simple: You get a separated demo account where you have to get the biggest balance as possible. You will compete against other traders of the broker. Sometimes there is a prize fund of 100.000$ or more. Furthermore, it is not easy to win the contest because there are a lot of competitors.

The demo contest is a tournament without participation fee. That meant that the prize fund is much smaller than the paid tournaments. But it is a good way to earn money with a small amount of money (participation fee). If you are a successful trader, you can easily win these contests.

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:

Are Binary Options legal?

Sometimes there are some restrictions to this financial product that depends on a particular country. Personally, I only know one area where Binary Options are forbidden. It is the European Union but some offshore and international brokers accept EU traders. It is like gambling on rising or falling markets and easy to understand. The EU tries to protect its citizens because there are a lot of scam brokers. To prevent a scam, use the best brokers of this review.

Find the best Binary Options Broker 2020 – Conclusion of my review

On this site, I showed you the idea of finding a reliable Binary Options Broker. In the list, you see the best companies in 2020. For successful trading a good broker is necessary. The company should allow you your own strategy of trading and give you good support and service. On most platforms, you can learn via education videos how Binary Options are working.

Also important is the execution of your trades. It should be very fast and with no delay. Usually, every broker does that. Nowadays as a trader, you can start with a small amount of money to trade Binary Options (10$ or less). It is possible to turn it in a high amount with the right strategy. In conclusion on this site, you can find the best and proofed Binay Options Brokers 2020.

Read more about them in my reviews:

I recommend this article if you can not choose between the most known brokers: “IQ Option vs. Olymp Trade vs. Binomo”

Best Binary Options Brokers

Nowadays it becomes more and more difficult to find reliable Binary Options Broker. Some of the brokers will offer 200% deposit bonuses for newcomers and one hundred risk-free trades. But in the end of the day, most of such brokers are scams and have really nothing to do with honest binary options brokers. Also, at this time, a lot of big Forex Brokers are trying to bring their own binary options trading solutions and sometimes they provide quite decent services. Sometimes, their services are of such low quality that binary options best brokers are laughing from them. Still, there are top binary options brokers that come from the Forex World. Be sure that if we call any broker as a top binary broker, it is not because of his good forex brokerage, we make it all fair!

Market of binary options brokers has some decent candidates for being number one. But our current best binary options broker brings all other binary options brokers to their knees. IQ Option was chosen due to its highly qualified stuff and customer support. We were impressed by the abilities of its custom trading platform and the upgrades that were made to it specifically for IQ Option. Binary Options Hub believes that every binary options broker should offer IQ Option quality in order to be the best.

Min. Deposit: $10 Demo: Yes

Platform: Custom Bonus: N/A

Regulation: CySEC US Clients: No

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Top Binary Options Brokers Comparison

Binary Options Hub wants you to have a choice. For this reason we do not show you the winner, we also give you the comparison of best binary options brokers, so you can choose one of them if you want. Every broker that is shown in comparison has proven himself as a reliable one and offers services that should definitely grab your attention.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Broker Rating License Platform US Start now
CySEC Custom Sign Up
CySEC TradoLogic Review
N/A SpotOption Review
CRFIN SpotOption Review
CySEC KeyOption Review
CySEC KeyStone Review
N/A SpotOption Review
N/A Custom Review
N/A SpotOption Review
N/A Custom Review
N/A Panda TS Review

Top Binary Options Brokers 2020

Every quarter Binary Options Hub takes time and has a deep look into binary options world in order to find best binary options brokers. During our research, we inspect everything that each binary options brokers has to offer to you. We look into their deals, regulations, trading platforms, deposit and withdrawal time and their customer friendliness. List of Best Binary Options Brokers by Binary Options Hub should be taken as a source of reliable data about how good each BO broker is. We advise you to sign up only with best binary options brokers and do not ever involve yourself into business with scams.

Also, if you are from the USA, it becomes even more difficult for you to find any binary options broker that is not a scam. You have to specifically check if broker accepts US clients, since most of them do not. As a rule, top binary options brokers that have Cyprus licence do not accept US clients and you are left with unregulated brokers only. Most of unregulated brokers are scams and there is a high chance of never seeing your deposited money again even if you make profits.

If you want to search your self for a great broker start with our full list of binary options brokers.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

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