15 Popular Binary Options Brokers: Which One Is The Best?
You can earn a good amount of money by trading in binary options. The procedure is easy to understand and execute as you simply have to predict whether the price of your chosen asset will rise or fall at the end of the expiry time. So with a little bit of knowledge and experience you can earn yourselves a small fortune. But the important thing is to select a reliable binary options broker whom you can trust with your money. To help you, we provide the lowdown on the top 15 binary options brokers in the industry you can consider for trading.
OptionRobot is a 100% auto trading software for binary options which produces trading signals and automatically executes trades to a user’s linked broker account. You don’t need any trading knowledge or experience to use this software. It is easy to get started–all you have to do is open an account, make a deposit, and select “Start Auto Trading” on the website.
OptionRobot is compatible with popular operating systems including Mac OS, Windows, iOS, and Android. The minimum deposit amount is $200, though it is recommended to start with a higher amount to increase the odds of making a profit. For customer support, you can contact this service via web form or email. The broker offers support in English, German, French, Swedish, Italian, Russian, Arabic, and Dutch.
Binarymate is a UK-registered broker that is reliable as it follows the strict financial regulations of the UK. It accepts US traders. This broker uses a unique in-house platform for trading. You can earn a maximum return of 90%. Trading accounts start with the basic Bronze package for which the minimum deposit is $250 and you get a 20% welcome bonus. For Silver account, the minimum deposit is $1,000 and you get a 50% welcome bonus. Finally, for the premium Gold account the minimum deposit is $3,000 and you can choose between risk-free trades or a bonus of $250.
A unique customer support feature offered by Binarymate is live video chat with agents who are available 24/7. Support is offered in English, French, Spanish, and Russian. Last but not the least, you can use the demo account to learn the ropes or to improve your skills.
Finpari is a stable broker whose standout features are 1-hour fast withdrawals and weekly $20,000 contests. It uses the SpotOption trading platform which is compatible with Android and iOS devices. However, the mobile functionality can be used only for a few trade types, such as, regular binary options, One Touch, and 60 Seconds. Maximum returns are 90%. However, US traders are not accepted.
Minimum deposits amounts are: $250 for the basic Bronze account; $1,000 for the Silver account; and $3,000 for the Gold account. Finpari offers phone, live chat, and email support in English, French, Spanish, Russian, and Thai. Finally, this broker offers an attractive and easily navigable website that offers plenty of useful information.
AskOption was established in 2014 and is owned by UK-based PeakMedia Group Ltd. It uses the Panda TS trading platform. Traders from all nations are accepted. Maximum returns are 85%.
Minimum deposit amounts are: $250 for the Basic Account; $500 for the Mini Account; $1,000 for the Standard Account; $5,000 for the Premium Account; and $15,000 for the Ultra Account.
There is also a premium VIP Account with an assigned senior broker. This broker offers generous bonuses ranging from 30% to 100% depending on the account type. Customer support is offered 24/7 via phone, live chat, and email in English and Russian. We think AskOption is ideal for novice traders who have just started trading in binary options.
5. IQ Option
IQ Option was established in 2012 and it has favorable reviews on the internet. It uses in-house software for trading. Maximum returns are 91%. However, traders from the US, Australia, Canada, Russia, Japan, Turkey, Israel, Iran, Sudan, and Syria are not accepted. This broker is reliable as its parent company InvestLab Ltd. is regulated by the CySEC.
IQ Option offers a free demo account to help you get started. Minimum deposit is just $10 for the Real Account. For the premium VIP account, the minimum deposit is $3,000. The one drawback is, customer support is offered only via email and there is no phone or live chat facility. Finally, this broker offers multiple convenient deposit and withdrawal methods to help you trade easily.
6. Banc de Binary
Banc de Binary is a reliable broker as it is licensed and regulated by the CySEC. It uses the SpotOption trading platform and also offers mobile support to enable trading on the go. Maximum returns are 91%. However, traders from the US and Australia are not accepted.
Account types offered are: Micro Silver (initial deposit $250 to $5,000); Standard Gold ($5,001 to $35,000); Personal Management ($35,001 to $50,000); and Premium (more than $50,000). This broker also offers an Islamic trading account. New traders can use the fully functional demo account to learn the ropes. Customer support is offered via live chat and email in English, French, Spanish, Dutch, Italian, Arabic, Portuguese, and Japanese.
24Option has been online since 2010 and is a stable and reliable broker as it is regulated by the CySEC. It uses the third-party TechFinancials trading platform. Maximum returns are up to 88%. This broker does not accept traders from the US and Australia.
The minimum deposit amount is $250 and the minimum investment amount is $24. Trade types offered are high/low, one touch and no touch, boundary, and 60 seconds. A demo account is offered for new traders. You can enroll in Standard, Gold, or Platinum account depending on the amount you deposit and the features you want. 24Option provides customer support via phone, live chat, and email in English and thirteen other languages.
HighLow is based in Australia and is a regulated broker. It uses the MarketsPulse trading platform. Maximum returns are up to 90%. However, this broker does not allow US-based traders. Convenient demo account and mobile app are offered.
The minimum deposit amount and the minimum investment amount are both $10. If you like fast expiration times, HighLow is the ideal broker for you as it offers, 60 second, 90 second and 5 minute expiration times. Customer support is offered via phone and email in English and Japanese. The broker’s website is informative with a detailed FAQ section. You can go for HighLow as it has favorable online reviews.
9. Automated Binary
Automated Binary is relatively new on the scene but there is no reason to worry–there are no unfavorable online reviews. It offers a fully automated trading platform that generates trading signals and places them on behalf of the traders. You don’t need to download anything.
A big plus of Automated Binary is that it offers a free demo account to help you get used to the system. You can choose from a large range of assets as well as a list of regulated brokers. Plus, there are convenient methods to deposit and withdraw your funds. The customer support is also good with knowledgeable and helpful agents to assist you. We recommend this service for both novice as well as experienced traders.
You can trust TopOption with your money as it has been around since 2008 and is regulated by the CySEC. It uses the SpotOption trading platform and offers trade types such as high/low, pair, meta charts, long term, 60 seconds, and one touch. Maximum returns are up to 82%. However, this broker does not accept traders from the US, Israel, Japan, and Canada.
You can use the demo account to learn the tricks of the trade. Trading account types offered are: Starter Account ($100 to $249); Pro Account ($250 to $999); and VIP Account ($1,000 to $5,000). The broker offers a range of learning tools and training materials to help traders. Customer support is provided via live chat and email in English and many other languages. The withdrawal time is three days. To sum up, TopOption offers straightforward and simple features that you will enjoy using.
PrestigeOption is a new broker but there is no need to worry as it is licensed by the CySEC. It uses the TradeSmarter platform for trading. A mobile app is offered in fourteen languages and includes social trading. You can earn returns up to 88% on normal trades. However, US traders are not accepted.
PrestigeOption offers five account types: Bronze Account (minimum deposit $500); Silver Account ($2,500); Gold Account ($10,000); VIP Account ($50,000); and Platinum Account ($100,000). A standout feature is the risk-free trades which can go as high as 100%. However, trade types are limited to high/low, pairs, turbo, and Strategix options. Support is offered via phone, live chat, email, and website contact form in English, French, and German.
12. Boss Capital
Boss Capital is registered in Gibraltar and has been online since 2014. It uses the SpotOption trading platform and mobile support is offered. You can earn maximum returns up to 85%. This broker does not accept US traders.
Account types offered are: Standard Account (minimum deposit $200); Bronze Account (20% welcome bonus); Silver Account (40% welcome bonus and two risk-free trades); Gold Account (65% welcome bonus and five risk-free trades); and the premium VIP Account for which a deposit of $100,000 is required. Customer support is provided via phone, live chat, and email in English and nine other languages. We recommend Boss Capital for both novice as well as experienced traders.
Anyoption has been around since 2008 and is reliable as it is regulated by the CySEC. It uses an in-house trading platform and mobile support is offered. Maximum returns are up to 80%. However, US traders are not allowed. Trade types provided are high/low, option builder, and one touch.
The minimum deposit amount is $250 and the minimum investment amount is $25. You can trade in USD, GBP, and EUR currencies. The drawback is, there is no demo account. On the positive note, you get a welcome bonus depending on the initial deposit amount. You can avail yourself of customer support via live chat and email in English and many other languages. Finally, you can use multiple convenient methods for deposit and withdrawal.
You can rest assured your funds are safe with Stockpair as it has been operational since 2010 and is regulated by the CySEC. It uses an in-house trading platform and offers mobile support. Maximum returns are up to 85%. You can trade in USD, GBP, and EUR currencies. But US traders are not allowed. Trade types you can try out are high/low, ladder, meta charts, option builder, and one touch options. A demo account is offered for new traders.
The outstanding features of Stockpair are its wide range of educational materials and cashback of up to 3%. You can enroll in any of the following account types: Silver Account (minimum deposit $1,000); Gold Account ($5,000); Platinum Account ($20,000); and VIP Account ($50,000). A welcome bonus is offered for the initial deposit. Customer support is provided via phone, live chat, and email in English and a host of other languages.
10Trade is a reliable broker as it is regulated by the CySEC. It uses the SpotOption trading platform. Maximum returns are up to 81%. However, traders from the following countries are not allowed: the US, Canada, South Africa, New Zealand, Australia, Japan, Turkey, and Israel.
The minimum deposit amount is $200 and the minimum investment amount is $10. Trade types offered are high/low, ladder, pair, long term, 60 seconds, and one touch options. If you like fast expiry times you can try the 15 second, 30 second, and 60 second options. 10Trade offers easy deposit and withdrawal methods and the withdrawal time is 2-3 days. You can avail yourself of customer support via phone, live chat, and email in English and other widely used European languages.Category: B2B News