How to Choose a Binary Options Broker

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!

How to Choose a Binary Options Broker

Correctly choosing an online broker is essential for the success of your trading career. If you go for a broker that does not care about your needs and preferences, then you could just be shooting yourself in the foot. You need to engage the services of a binary options broker that has earned the industry’s reputation in delivering quality service and demonstrated commitment in addressing the needs of clients. And, with the hundreds of brokers littering every corner of the industry, deciding which broker to choose can be a demanding task.

As such, we have identified the key factors that you should consider before settling down on a broker. Here are the factors.

Credibility

Credibility is one of the most important factors you should consider before choosing a broker. The lucrative binary options industry is full of hoaxers who are out to suck the capital of innocent investors. Nonetheless, there are a several financial regulation authorities located around the world that endeavor to enforce sanity and transparency in the industry.

Therefore, to shield yourself from the haughty eyes of the so-called online fraudsters, you should ensure your chosen binary options broker has received certification from any of the regulatory agencies.

When choosing an online broker and discover that it has not gone through the thorough certification process provided by the regulatory agencies, then do not trust it with your hard-earned money.

Some of the respected regulating authorities include Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySec), Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin), Financial Conduct Authority (FCA), and U.S. Commodity Futures Trading Commission (CFTC).

You can also confirm the credibility of a binary options broker by doing an online search and checking what other traders are honestly saying about it. If traders are pointing too much on its mistakes and failures, then trying it out could also land you in problems. Go for a broker that is well spoken of and is not engaged in underground, cheeky activities.

Trading Bonuses

Binary options bonuses are considered to be some kind of reward, and usually they are represented as virtual funds, so you can trade with your bonus money but you can not withdraw your funds until an appropriate moment. In most of the cases a broker sets a certain limit based on trading volume. For instance is you have got $100, then you will be able to withdraw your money only when you will have trading volume around $3000.

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!

Practically all the brokers are offering you very tempting bonuses programs that require you to replenish your trading account and after the first replenishing you will receive additional funds. However some brokers are offering you 100% of contributed sum of money and others are offering only 30% that is why it is very important to pay your attention to this aspect while choosing a company.

Trading platform

Choosing a brokerage firm with a user-friendly, convenient, and simple trading platform is key to realizing your dreams as a binary options broker. If you will be spending a significant amount of your trading time just trying to navigate around the trading platform, then that is not a broker worth your time and money.

Complicated trading platforms normally cause troubles and losses to traders. You can sign up for a demo account and check whether the trading platform works according to your expectations.

In the binary options industry, most brokers offer web-based platforms; as such, you will not be required to download any software and install on your computer before trading. Other brokers also offer non web-based platforms. Whichever type of platform you use, ensure it provides efficient conditions for making the most profits from binary options trading.

Furthermore, most brokers are currently offering mobile versions of their platforms. With this innovation, you do not need to glue yourself in front of the computer looking for suitable trading opportunities. If choosing an online broker offering this feature, you will just need to install an application on your mobile device and enjoy trading on the go, anywhere and anytime.

In addition, when deciding which broker to choose, look for other extra features on its trading platform. Some of these additional features include availability of technical tools, social trading (copying the strategies of other successful traders), and news affecting the financial markets.

Amount of minimum deposit

Another valuable argument for private traders is an amount of minimum deposit. It is obvious that if you do not have an impressive capital on you then it will be quite difficult for you to succeed in options trading, but luckily there are brokers who gives us an opportunity to trade with insignificant deposits and rates. Conservative brokerage firms who have been in this business for more then a year they are setting a very considerable sum of money for the first replenishment of the trading account – $1000 and even more. However in this day and age the contemporary companies are breaking this tendency and as a result we can observe well-functioned, prosperous brokers with minimum deposit of $10 , at the same time when the minimum rate with this brokers is just $1.

That is why in case you do not have significant funds for an investment then you should consider cooperating with a broker who will give you an opportunity to create a small trading account.

Profitability

A high percentage from successful deals is a calling card of every broker. It is actually very simple, the company guarantees you a certain percentage of profitable deals, for instance if a broker promises you 80% consequently 7 out of 10 deals have to be profitable.

By all means not all the companies are completely honest with their potential clients, and that is why for advertising purposes they promise their clients a very high percentage of income. Regarding this fact it will be better to look through several of characteristics while choosing a broker, but it will not hurt to keep this one in mind.

An early-sale options function

An early closure deals is a very useful function, because you will have an opportunity to get rid of assets when it is on a peak of its profitability or when you made wrong prediction. In this way it will be possible to transform losing trades into profitable once. And it is obvious that brokers usually offer this possibility not for free but for an additional fee.

All the trader has to do is to choose a broker who offers the most attractive terms, and some companies are taking 20% of a total sum of a deal for using this function and other are taking 30%. Especially investors need an early-sale options function because they trade assets with a minimum period for expiration.

Demo-account as criteria for choosing a broker

Unfortunately not every broker will offer you an opportunity to try your trading skills using binary options demo-account. However this function is very useful, because you will have an opportunity to get acquainted with trading and you will receive a unique chance to study functional abilities of trading platform. By all means it is not a good idea to run mad after trading that is based on virtual money, because the terms of a real market truly differ from demo-account. But it would be better if your broker will have this function, especially if you have never trade binary options before.

Deposits and Withdrawals

Security, privacy, and convenience of payment are critical when choosing an online broker. You need a broker that will provide a fast deposit option so that you can immediately start trading without any worries of your hard-earned money getting lost.

More so, the ability to withdraw your funds seamlessly is always a priority. You do not need a broker that will place unnecessary restrictions when it comes to reaping the fruits of your sweat. To avoid regrets later, ensure you properly check the withdrawal policy when choosing a brokerage firm.

You should also assess the minimum deposit requirement and the deposit bonuses offered by your preferred broker. If the offerings meet your expectations, they will assist you have the right foundation for succeeding in the binary options market.

Importantly, going for a broker that is not committed to the security of your funds is not a good idea. A secured trading environment, especially of deposits and withdrawals, will give you a peace of mind and ensure you remain focused in your trading activities.

Most brokers secure their transactions and trading environment using the latest encryption technology, such as the 128-bit SSL encryption key. This way, the brokers are able to assure clients that their funds are protected from any unauthorized interference.

Trading Assets

When trading binary options, you will need to forecast the direction of the underlying asset before expiry time elapses. If you make the correct prediction, hurray, you will get some profits.

Therefore, if you can access a wide variety of tradable instruments, you can confidently trade the assets that resonate well with your trading style. Furthermore, you can also practice diversification to cushion your investments from economic hardships.

For example, if you are experienced in trading currency pairs, you can stick with that. Or, if stocks get volatile and difficult to predict, you could move to indices or commodities. When deciding which broker to choose, ensure that your preferred broker has a comprehensive and populated list of assets for trading. Here is the rule of thumb: the higher the number of assets available, the more serious the brokerage company.

Brokers offer different types of binary options, such as Up/Down or Put/Call, One-Touch, and Boundary or Range options. When choosing a broker, ensuring that it has the type of binary options you want to trade is a vital factor. With the right binary options that fit your trading style, making profits will be much easier.

You should also consider the expiry times of the binary options. Most brokers offer varied expiry times, ranging from 60 seconds to 24 hours, while some offer long-term expiry times of up to 365 days. Depending on your experience, you should settle for a broker that offers comfortable expiry times to your needs and preferences. For example, if you prefer long-term trading, sticking with an online broker that concentrates on short-term expiry times is not preferable.

If you make correct predictions, you will earn profits. Most brokers offer payouts ranging from 65% to as high as 90%, or even more. Choosing a brokerage firm that offers high returns and payouts could make you achieve your dreams faster.

Nonetheless, selecting a broker with high returns may not be the best decision, because it could be the pit dug by the broker to drive you to failure. So, instead of being lured by the glossy and glittering advertisements of a broker promising huge returns, carefully weigh the broker against other parameters before grabbing the opportunity with both hands.

Customer Service

Customer service is crucial! When choosing an online broker, go for the one with responsive, professional, and experienced customer support representatives.

Check if the broker offers support in your preferred language. How can you get in touch with the customer service department? How fast do they respond to issues?

The quality of customer service usually indicates whether the brokerage company values its clients or not. If you send an email or contact them via live chat, how professionally is your issue handled?

Furthermore, you should assess how the broker is committed to improving the skills and trading conditions of its clients. Does it offer education programs, especially for newbies? Does it offer account managers to assist traders curve a successful career?

(*Hint: The above questions should be answered ‘yes’). As such, when choosing a broker, it is imperative that you go for the one that will not abandon you immediately after making the first deposit into a live trading account, but will be with you throughout the way.

How to Choose Your Binary Options Broker?

Binary Options (might also be called digital options) are now banned in many countries and have lost almost all their popularity but despite all this, you can still trade them on many global brokers. So if you insist on trading binary options, this guide would help you make the right decision regarding your broker of choice.

There are still enough companies to choose from, but with differences among them: one gives you high profits, another an advanced trading platform, a third broker has the best customer service ever and you’ve also heard about a certain broker who provides a bonus of up to 100%. Choosing the right broker is not an easy task, most brokers just seem the same, so ThatSucks.com are glad to bring our readers a comprehensive guide, based on our binary options articles.

This guide, based on our research and experience, will help you get started trading with a broker that doesn’t suck. Before reading this “how to choose your binary options broker” guide, our readers are strongly advised to read our Binary Options Articles where more information is available. It’s an extensive library where you will find tons of knowledge, ranging from Types of Binary Options to Top 5 Binary Options Beginner Tips, Regulation talk, even a huge Glossary and a lot more.

Choosing the Right Binary Options Broker

First Impression

Here is where the story begins. It’s the first time you have ever met. You don’t know much about each other, you’re total strangers. Much like most relationships, the first look and the first impression could lead to a first date. First impressions are always a bit shallow, but hey, if you don’t like his/her look, there won’t be the first date!

Firstly, look at the design, check out the trading platform. In today’s industry, most platforms are easy to use and quite user-friendly, just make sure your PC is compatible with that specific platform (don’t download a Mac version and try to use it on your Windows PC). As for the design, don’t get carried away when you see a fancy modern design. Make sure all links are good. Check to see if it’s professional and well built. It’s important to understand that entering any binary options website should be like walking into a bank; it should look good and be completely organized. It’s your money we’re talking about. The first impression is a basic step before even registering (registering shouldn’t cost money). Finally, check out the returns, refund (in case of out-of-money), bonus (follow the bonus instructions article) and other promotions. Every broker has its own advantages and disadvantages to these aspects. The best place to start your search is by searching our Binary Options Brokers list, which includes reviews, information, and our client’s feedback about most of the brokers out there.

First Date

So you like what you see and you go out on a date. It’s a little awkward, but it’s fun getting to know each other. What do you do, what do you like, how’s your cat doing? Whatever.

Check out their learning tools because binary options education is quite important. Starting with a demo account is highly advisable so look out for binary options brokers that provide demo accounts.

From the aspect of learning binary options trading, some brokers have great tools to help both amateur and experienced traders alike but you shouldn’t decide what broker to use just based on the education they offer. Let me explain: lots of other websites – ours included – offer great educational resources and often they do a better job at it than brokers do. Brokers focus more on general stuff about binary options, not about specific strategies, indicators, and money management. For a more complete education, please visit our Binary Options School, which contains a Preschool, Primary School, College, PhD and a Tests section to make sure you emerge a real trader once you’ve completed it. Educational material and binary options guides are very important; therefore if you’re a new trader, try to avoid brokers who don’t supply these important materials. Also, if the broker provides this type of materials, it shows concern from their part for their traders and obviously you want to trade with a brokerage that cares for you.

Another very important general issue is the support. Try to contact the live chat support, see how fast they answer and check out more details before investing. In case of support hasn’t delivered sufficient information (I recommend writing down some questions before contacting support) try and contact them over the phone if you wish to get some clear answers. No one forces you to invest, make up your mind and ask the right questions. I know that every time I write a review about a certain broker, I ask specific well-prepared questions. I do the same if I desire to trade binary options with the broker. The support crew is important since they could really help with trading issues and other problems. Good support is a requirement when it comes to binary options trading.

First “Are We in a Relationship?” Talk

After a few dates, things are going great. You are getting to know each other; you might even like her/him. The first “real” talk about your relationship is right around the corner, the point of all or nothing.

After checking out the above and everything seems in order, it’s time to make a decision. You find the trading platform is OK, the support is great and there’s tons of learning materials. So what’s next? Decision making. Making a decision requires digging in the trash and the back alleys. Check out terms and conditions, according to the ThatSucks.com manual (find it here). It’s important to understand how the deposit works and what are the fees attached. It’s even more important to check the withdrawal options. We also recommend searching for any broker complaints, scam alerts, frauds, etc. It’s quite simple and could really help. Another major issue is the Bonus. You should know that most bonuses offered by Binary Options brokers are not free and they come with strings attached. The most well known disadvantage is that your money will be tied to the platform until a certain turnover (trading volume) is reached. This volume differs from broker to broker and it is somewhat normal for the industry but many brokers have outrageous conditions and actually block your own money from withdrawal, not only the Bonus you’ve received. It’s an important aspect, so make sure you read our article about Binary Options Bonuses to learn more. Once you’ve read and understand all restrictions, it’s time to go forward. Next step – the Deposit!

First “I DO”

The moment of truth. Are you ready? Is there another alternative or should you follow your heart?

As much as I would like to make this last step seem more important, it’s actually only an addition. So if you think something like “here goes my marriage” – I’m sorry… Some binary options brokers have some extras that distinguish them from other brokers; some of these extras are a real treat. As I was saying before, don’t let extra perks determine your decision. If you find a great brokerage, especially among our Recommended Brokers list, but they don’t have lots of cool extras – it’s all right. It’s not a must. It’s a fine addition but not a deal breaker.

Step By Step List – Putting It All Together And Choosing Your Next Broker

  1. 1. Accessibility and Support
  2. 2. Bonuses and Promotions
  3. 3. Trade-Related Aspects
  4. 4. Training and Education
  5. 5. Regulation

1. Accessibility and Support (or – The Common)

1.1 Languages

Although this doesn’t seem such a big issue, it may as well be. English is a widespread language, but not everyone speaks or understands it. In fact, a lot of people just speak their native language so they will only look for a broker with a website they can understand.

1.2 Platform

It is known that some platforms are more user-friendly than others, but they can lose some of the complexity required by advanced traders. This category is closely related to the type of trader you are: if you need special orders and complex tools, you will probably go for a platform which is more focused on those aspects than on ease of use.

1.3 Customer Support

Many wannabe traders have no idea where to begin so they need guidance; they need a person to talk to and to teach them what to do. That’s why a lot of people compare brokers by the Support offered and by the knowledge possessed by the broker’s Account Managers or Live Chat operatives. Customer Support also extends to deposits and withdrawals or any technical problem that may arise.

2. Financial Aspect (or – Your Money)

2.1 Returns and Refunds

Well, it goes without saying that usually, traders want a high-payout broker. After all, who wouldn’t want to make 80% on an ITM trade instead of 65%. The refund offered for Out of the Money (OTM) trades adds more depth to your money management techniques and is another common way of comparing brokers. However, it must be noted that nowadays very few brokers offer a refund for OTM trades.

2.2 Bonuses and Promotions

Some traders hunt big bonuses and it’s the main aspect they check when choosing a binary options broker. However, a big bonus is not always the best way to go because it comes with strings attached and often requires you to trade a certain volume before you can withdraw. Most brokers also have special promotions but these are usually limited time offers.

2.3 Minimum Deposit

Some traders just want to “test the water”, not being totally convinced that they want to trade Binary Options and that calls for a small deposit. After all, you wouldn’t want to deposit a thousand bucks just to see if trading is really for you. Other people just can’t afford a big investment and have only a few hundred bucks available for trading. It depends a lot on what type of trader you are and how deep your pockets are. Find more on types of traders in our PreSchool section.

2.4 Withdrawal and Deposit procedure

Sometimes withdrawing your money can be a daunting task which is made even more difficult by some brokers. This should be a main concern of every trader. After all, it’s frustrating (to say the least) to see your account grow but to be unable to withdraw fast and easy. Sometimes people also look for an easy way of depositing, not only withdrawing. A quick PayPal procedure is sometimes favored over a wire transfer that requires the trader to go to the bank and fill in all that paperwork.

2.5 Fees

Usually, withdrawals are accompanied by some fees which differ from broker to broker. It is normal for a trader to want those fees to be small and that’s why this is a common way to compare brokers. However, a broker can have several types of fees (maintenance, inactivity fees, etc.), not only for withdrawals. So I would recommend a careful read of their Terms and Conditions. The lower the fees, the better.

3.1 Types of Options and Tools

Are you looking for the basic stuff like UP/DOWN options? Or do you need other types such as Boundary IN/OUT, One Touch/No Touch or 60 Seconds options? Trading tools like Close Now, Roll Over, Double Up or Option Builder are also an important factor when choosing your broker and depend on the Binary Options Platform the broker uses.

3.2 Expiry Times

Some guys wouldn’t touch 60-second options and others would never trade a monthly expiry. It all depends on the type of trader you are and what makes you comfortable. Of course, if your strategy is developed for 60-second options and Mr. BOB (aka the binary options broker) doesn’t offer such a short expiry time, it’s time to look for another one.

3.3 Trade Amounts

This is an important part of choosing your broker and it’s directly related to the sum you want to invest. For example, if your entire account is $100 and the minimum amount per trade is $25, just 4 bad trades will blow your account (assuming the broker doesn’t offer a refund). So if you want to invest a small amount in your trading, you will also want to look for a broker who offers small position sizes.

3.4 Assets

Some strategies work better on a certain asset category than another and some traders are focused only on a few assets. Actually, this is a deal breaker and most traders will dismiss right from the start brokers who don’t offer the exact assets they want to trade.

4. Training and Education

Trading without some form of training and education is gambling and since you are not looking for a gambling website, you will probably want to choose a binary options broker who is good at teaching you how to trade. In this category, we include e-books, webinars, tutorials, one-on-one training, signals and information provided by your Account Manager. Some Brokers also offer a demo account but most of them will require you to make the minimum deposit first.

5. Regulation

Unfortunately, scams are a reality of the Binary Options industry and the best way to protect against misconduct is to go for a regulated broker. That’s a good idea but at the moment, a regulated broker is pretty hard to find… not impossible though. You must be aware of the fact that some websites tell you that certain brokers are regulated even if they are not so making sure your information is correct. Keep in mind that some BOBs have a good reputation although they are not fully regulated; our Recommended Brokers section will give you more information.

The Bottom Line When Comparing Brokers

There is no single or best way of comparing brokers. As you can see, there’s a multitude of factors which must be taken into consideration when deciding to open a Binary Options account with a broker. Maybe broker X has small deposits, but broker Y has a great platform and excellent returns; it all depends on what you are looking for, what has more weight for you and last but not least, it depends on what type of trader you are. However, it would be wise to disregard any factors like a cool name of the broker, the beauty of the girl in the Live Chat picture (or home page), promises of quick profits or gut feeling.

If all of the above feels a bit overwhelming for you, don’t worry because our broker reviews compile hours and hours of research and cover all aspects and categories discussed here in a friendly and easy to digest form. We also rate each broker, giving them a fair assessment and bringing you an easy way to decide what your best choice is, whether you want to trade BO, CFDs, Cryptocurrencies or fiat currencies.

Well, that’s it, folks. Make a smart decision and always remember – Even the Best Brokers Suck Sometimes!

Binary Options Brokers – How To Choose The Right Broker

Choosing the right broker is vital to your success as a trader.

However, in binary options this task can become very difficult, since you are essentially trading against the broker.

Unfortunately for the binary options market, it has been infected with scams and dishonest brokers that have used their unregulated position to steal money from customers.

There are many things a trader can do to improve, but unfortunately one of the things he can not influence and control, is his broker.

Brokers play a number of roles.

  • They provide operational trading platforms.
  • They store traders’ funds until they are withdrawn.
  • They control the available liquidity pool.
  • They process and sync all trading activity in the market.
  • They provide support to their clients (traders).

The role of brokers in the binary options market is too important to be taken lightly. This is why traders have to be very careful where they choose to deposit their money.

Brokers can also function as market makers, providing liquidity which enables traders with very small amounts of money to still have the chance at participating in the market.

Is the broker regulated?

Regulation in the binary options market is still an issue in many countries. At the moment, the US, UK, Japan, Australia, Cyprus and Malta can claim to have solid regulatory frameworks for the binary options brokers. In many countries, binary options is seen as a gaming activity or put under regulatory oversight of gaming commissions which have no rules on segregation of client funds.

If you want to trade binary options, you may start to look at the issue of regulation of brokers a lot more seriously than before.

You can no longer afford to keep your money in brokerages which are not regulated or which have no obligations as required by laws to segregate your money. Putting your funds in such brokerages is a very risky business.

So when choosing a broker on the basis of regulation, you must get answers to these questions:

  • Does the broker have a license number issued from the country’s regulators. You must confirm this information from the regulators.
  • Does the broker actually segregate the funds of its traders, and do the regulators that oversee their operations enforce this function?
  • Can you be sure that the broker is actually based in the country where it claims to be domiciled?

Some brokers have been blacklisted recently for infractions bordering on these points. Do your due diligence and ensure you have accurate information in this regard.

Trading conditions

When it comes to trading binary options, the trading conditions matter immensely.

This has to do with the structure of the market and how brokers in this market actually make money.

Apart from the US where binary options are exchange-traded, in many other countries this is not the case.

Binary brokers do not make their money from commissions, but from losses of traders on the wrong side of the market.

Most binary options brokers are trade counter parties. Some of them skew their online platforms to increase profits. However, it is a lot harder for them to do this on medium and long term contract expiry times than on the short term trades.

Furthermore, there is talk about brokers having risk management teams that bookmark accounts of traders who make too much money at the broker’s expense. Some are more honest about this than others.

Customer service

Customer service departments came into existence to enable clients ask questions or get solutions to some issues bothering them about the service of the company.

In binary options, there will be lots of issues to talk to the customer service about.

You will therefore need a responsive customer support service from your broker, which can be reached at all times (at least on trading days) and also via Live Chat.

In addition to a quick response time the customer service should also be able to answer most of your questions about the broker’s conditions as well as the trading platform. Some brokers offer outstanding customer support and it is actually one of their biggest pull factors.

Certain issues need to be dealt with quickly and the best way to do that is by direct communication. Choose a broker with a responsive live chat.

Prompt withdrawal settlement

It is only good that when a trader makes money from the market, he is allowed to enjoy the proceeds of such an investment via prompt fulfilment of withdrawals from the broker. Many brokers for reasons best known to them have come up with all manner of obstacles to prevent this from happening. This is usually a fine line and many scam brokers do this because profits for traders mean losses for them.

How do scam brokers operate in this regard?

  • By putting unreasonable withdrawal caps,
  • by applying hefty charges on withdrawals,
  • by tying withdrawal ability to high trade volumes meant to cover a bonus.

You need to be very careful of brokers that change their withdrawal policies randomly, as this is one of the early signals that a broker is starting to have cash flow problems.

Policy on bonuses

Because online binary options brokers are often in direct competition, they will often offer promotions, perks, and bonuses to get more people interested in their service. Generally speaking, the perks they offer increase with the amount that you deposit, and you can find a number of promotions specifically for first-time traders. These special offers can greatly benefit you, particularly when you’re just starting out.

However, beware of brokers who place very heavy trade volumes as a prerequisite for making withdrawals on accounts which have been awarded bonuses.

Bonuses are a good thing, but they have been widely abused. It is simply not right for a broker to expect to make from a trader more than 100 times what has been awarded as a bonus.

Choose a broker with a responsible bonus policy.

Bonuses are supposed to work in a symbiosis, but where one party starts to profit heavily at the expense of the other, the arrangement loses its core values.

This is partly why Japanese regulators have issued laws regarding how bonuses are to be managed, and also why Australian regulator ASIC is planning to introduce regulation to have them stopped altogether.

Choice of contract types and assets

Use brokers who give a generous offer of the kinds of trade contracts which can be traded on their platform.

Some traders will find they are much better at trading certain options and markets than others. For such traders, choosing a broker with a lot of flexibility in how to trade assets, will be a major benefit.

All binary options brokers will offer different assets within the categories of stocks, commodities, currency pairs, and indices and some will also offer cruptocurrencies.

Expiry times offered

Because there are different trading strategies and risks associated with the various expiry times, it is important that you find a broker that has the right expiry times that will work for you. Even though who offer high speed training have different ideas of what high speed is.

Some have high speed expiry times of 60 seconds while others offer just 15 second expiry times for these trades. Some binary options brokers offer much longer expiry times of a month or more while others consider the end of the day to be a longer expiry time.

If you are new to binary options and don’t yet know which you prefer, it may be best to go with a broker that has a wider variety of expiry time options to choose from so you can find one that fits you best.

Ease of transactions

Many payment options have evolved over the years which give traders plenty of flexibility in how they can deposit and withdraw funds.

So unless your country is under a financial blacklist just as the US recently blacklisted Crimea, you should choose a binary options broker which offers you a variety of transaction methods such as credit/debit cards and various e-wallet options such as Skrill, CashU, Ukash, Sofort, etc.

Conclusion

In the EU today, binary option brokers can only open trading accounts to licensed and professional traders. In many countries binary options are classed as gambling, which is not necessarily a bad thing in itself. In some countries it is illegal to trade or operate binary option platforms.

Today, the best option for new or existing binary option traders is to trade with a regulated CFD and Forex broker.

Although it is important to take your time while choosing your broker, it is also vital to understand that brokers are not the only determining factor when it comes to making money in trading online.

The most important thing is to learn how to trade and manage your risk.

Many readers ask which brokers are the best. It is difficult to point to one specific broker because it’s often a matter of preference.

Due to new regulations many of the biggest and most known binary brokers have closed or modified their operation to fill a different market demand.

To trade safely and with a peace of mind, look for regulated brokers with the best user reviews and various international awards.

EasyMarkets is a good example of a fully regulated, time-tested, reliable broker. Over the years, it has won 37 international awards and gained a lot of loyal customers.

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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