Top 10 Binary Options Brokers
If you are looking for the best binary options brokers in the business, you’ve certainly landed on the right page. Here you will find the most reliable brokers that make it to the top of the list based on a variety of factors. The industry has grown significantly in the last 8 years with over 400 trading platforms and brokers to choose from. This means that traders can take full advantage of the competition and avail of higher returns and better bonuses.
In order to maximize your potential to succeed in the binary options market you need to choose a credible broker. You need a broker who will be in a position to give you sound advice since they are the ones who know which direction options take during particular periods of the day or week.
List of Top 10 US Binary Option Sites for 2016
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Getting started with brokers and platforms
There is much more to binary options trading that merely predicting the direction of an underlying asset’s value over a period of time. It is important to make sure to pick a qualified and experienced broker familiar with the ins and outs of this type of investment. His major role is to help determine the best binary option to invest in. So, let’s look at a few ways to choose one who will work in your best interests.
It all begins with a bit of comparison shopping. You need to compare reviews of different brokers and their platforms so that you are aware what each one has to offer. You will find a list of reviews on trading forums although we do all the hard work so that you can start trading right away with one of the binary options broker listed here on our site. Always work with a licensed broker although you ought to be aware that the laws of some countries do not mandate licensing.
It is really easy to get started. Simply choose a broker from our list.
- Register for a broker account. (Our experts recommend that to make the most of trading it is important to open accounts with a few different brokers. This helps gain access to a variety of assets.)
- Once you open an account you can start trading in a just a few steps.
- Pick an asset such as stocks, currencies, commodities or indices to trade.
- Decide on the amount to invest on a trade
- Select Call/Up if you predict the asset price will rise or Put(Down) if you predict the asset price will fall over the specified period
- Place the trade and collect your winnings if you predict correctly.
How To Compare And Choose The Best Binary Options Broker
Our experts recommend that you must never make the mistake of signing up with a binary options broker before weighing the pros and cons.
Offers demo account: It would be prudent to register for a demo account to get an ideal of how intuitive and friendly the broker’s site really is. You can do this with several sites and then choose on that suits your style.
Returns: Look for sites that guarantee payouts between 70% and 90% on wins and 10% and 15% on losses. This is standard with most brokers so don’t fall prey to anyone that offers less.
Asset variety: Not all brokers trade in a variety of assets. Therefore, if you wish to widen your investment base look carefully at the list of assets offered. Many reliable brokers offer a variety of assets which includes indices, stocks, commodities, forex, and more. It would be prudent to select one that offers the chance to invest in all of the available market assets so that you can earn the maximum profits. The more the options, the better the opportunity you have to place winning trades.
Customer support: It is always a pleasure to deal with a broker that provides excellent customer service. Pay special attention to this aspect when you compare brokers.
Secure trading platform: All of your transactions will be performed online, which calls for the highest standard of security. Choose a site that offers a secure payment system to prevent any identify theft.
Flexibility: Choose a broker that is flexible in terms of asset offerings and variety of contract expiry dates from 60-seconds to a day, week, a month or more. You may want to explore the possibility of working with a broker who offers early exit options for greater trading flexibility.
Information driven: If you are a novice you may want a broker’s platform with plenty of information on the market.
Deposit bonus: While this should not influence your decision when it comes to choosing a credible binary options broker, look for a broker who offers a decent welcome bonus of around 25% in addition to reload bonuses as well. This is a great way to boost your bankroll.
Deposit and withdrawal options: Most brokers support a variety of banking methods that include credit/debit cards, eWallets, prepaid cards, wire transfers, and more. Make sure to pick a suitable option so that you can deposit funds in your binary options account and withdraw winnings comfortably without any hidden fee.
Trading tools: Whether you are a novice or an experienced trader some trading platforms feature a variety of tools to make trading more simplified and also allow you to make well informed trade decisions. This includes trading signals such as Bollinger Bands, oscillators, and oscillators, to name a few.
Deposit options: If you are new to trading it is always wise to select a binary options broker that allows new members to begin trading with deposits as low as $10 and minimum positions as low as $1.
Language support: If you want to trade in a language other than English you ought to choose a platform that offers multi-language support.
Choose a proactive broker: There are many brokers to provide you with sound advice and assistance in making the most of your investment.
Types of Assets Available in Binary Options Trading
Most binary options brokers offer an array of trading options. The most common include forex pairs such as the USD/EUR, USD/GBP, and GBP/EUR, to name a few. Other trading options include commodities, stocks, and indices in the international markets including USA, Europe, and Asia. All trades can be conducted from one platform.
Length of Average Trades
The period of binary options contracts ranges from as little as 60-seconds to 5 minutes, a week, month, or more. Your choice will depend on your trading style and budget. If you aren’t the patient kind then you may even opt for 60-second trade although our experts encourage this type of trading only for more experienced traders. Once you authorize a trade the period of the contract cannot be changed.
Common Types of Binary Options
Binary options open traders to a whole new world of trading types.
High/Low or Put/Call binary option
In this type of trading you predict whether the price of the underlying assets will rise or fall lower than the predetermined value. The payout is determined in advance and allows for greater transparency.
One Touch/No Touch binary option
A target price is set at the start of the trade. If your underlying asset reaches the price at the time of expiry of the contract, the broker will pay you the profit. No Touch is just the reverse of One Touch where you predict that the price of the underlying asset will not reach the determined level.
Boundary Binary Option
In this type of trade you need to determine if the price of the underlying assets will stay within range or fall outside the range. The broker will issue a variety of prices in this type of trade while you define two levels of the asset price.
Binary Options Broker FAQ
Now that you are aware of the broker’s role in binary trading it is time to discuss a few common queries that traders have when it comes to binary options brokers.
All the brokers listed on our site are licensed and regulated. It is important to be aware of the regulatory authorities based on the relevant jurisdiction and country you reside in.
Brokers in the UK: Traders in the United Kingdom can chose from brokers regulated by the Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC). They are the two most reputed regulatory authorities in the country.
Brokers in Europe: Like UK licensed brokers, the Cyprus Securities and Exchange Commission (CySEC) is the licensing and regulatory authority in Europe.
While you can trade on almost every asset with binary options, it is important to understand that some brokers focus on specific assets while some may limit the number of options such as currency pairs or trading types.
Forex is the most commonly traded in the binary options market. It is a good start for new investors looking to understand the currency market, which is the most volatile and suits binary options trading where expiry times are as short as 60 seconds. Commonly traded currency pairs include USD/EUR, USD/GBP, GBP/EUR, and USD/JPY, to name a few.
Some brokers offer a wide range of commodities that include oil, gold, and silver. These are among the low risk trades that are most suited to those new to binary options trading. You can add commodities to diversify your portfolio and overall risk as well.
Most brokers offer an extensive range of stocks which you will find at regular stock exchanges. From Apple to Coca Cola, HP, and Tesla, you will find an array of stocks to trade with binary options brokers.
Indices such as the Dow Jones, S&P 500 and Nasdaq, are among the most traded indices in the binary options market. They allow for greater diversification of risk and offer reasonable returns. It is important to choose a broker that offers multiple pairs of currency combinations since the Forex market is most volatile. In addition, choose a broker that offers the option to switch to commodities or indices when currency pairs become too unstable.
The fee on transactions is usually not more than 10% to 15%, and can be a transaction based fee or a percentage on losses. In terms of payouts, make sure to check for brokers that offer returns of at least 65% to 95% and more based on the underlying asset and its risk quotient. In addition, the broker must offer a rebate of at least 10% on losing or ‘out-of- the-money’ trades.
Being well versed with binary options is important and the more the learning tools a broker offers, the better. This goes well beyond how to trade binary options. You will find a wealth of information on binary option strategies, binary signals, Bollinger bands, trading charts, and much more. Don’t forget to check out all the information on binary signals and strategies that work right here on our site.
One of the first features that makes a broker stand out from the rest is their trading platform. The best platforms are those that are easy to navigate, user-friendly, and allow for easy trading. It is important make sure the platform has marginal downtown as well as minimum time between placing and implementing a trade. If you like to trade on the go then choose a broker with a mobile trading platform.