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Binary Options Demo Accounts Reviewed

Binary Options DemoSo, you want to get started with binary options trading but unsure on which broker’s demo account to sign up with due to the overwhelming number of options available?

Well, naturally you want to review each broker’s binary options demo account features from top to bottom before you start investing your valuable time and learning experience.

However, this could be a very time consuming task given the fact that there are so many brokers out there.

List of Top 10 US Binary Option Sites for 2017

BrokerOfferDevicesTrade Now / Review
1st

Deposit: $250
Payout %: 90%

DesktopMobileTabletTrade Now!
2nd

Deposit: $200
Payout %: 90%

DesktopMobileTabletTrade Now!
3rd

Deposit: $250
Payout %: 91%

DesktopMobileTabletTrade Now!

Not only that, but there is a lot of misinformation about binary options on the internet. Now, the purpose of this review is cut through all the noise. Of course, we’ll be highlighting the pros and cons of these broker platforms and demo accounts. Hopefully, after you’ve finished reading, you’ll have a better clue of which broker platform fits your individual needs the best.

Cedar Finance

Ways To Trade: Digital Options, Touch, Range and Turbo (60-seconds)

Underlying Assets: Fixed Income Futures, Commodities, FX, Index Futures and Stocks. All-in-all, around 150 different popular assets to select from.

Expiration Cycles: 60 seconds to weekly expiration periods.

Min Trade Per Option Contract: $10 for Digital, Touch and Range options. $5 for Turbo.

PayoutVaries, some trades offer payouts as higher than 100%, while others offer 68% -81%

Platform Overview:

Pros: The platform is very easy to understand. For example, if you wanted to buy a put, simply click on the put button and it becomes highlighted in red. After you click the amount you’d like to invest, it will display your total return, if you’re right or wrong. In addition, in the right corner, there is a window that displays how much time you have to invest. The drop down menus are smooth, the trader can quickly select an asset and expiration period. The chart will highlight the level the underlying asset needs to reach in order for you to be correct on the trade. All in all, this is a very simple and quick platform to understand. This a great platform for anyone knew to binary options.

Cons: For serious traders, you’ll be disappointed with the charting that the platform offers. Also, the payout is misleading. For example, they’ll include your investment in the return. Let’s say you invest $50 on a trade, the profit on the trade if right is $105, they’ll display it as a return of 310% or $155. Once you get used to this, it shouldn’t be a problem. However, to someone knew this could be misleading.

Stockpair

Ways to Trade: Binaries and Pairs Trading (Fixed and Floating)

Underlying Assets: FX, Stocks, Indices, Commodities, Stock Pairs, Index Pairs and Commodity Pairs. Around 135 different assets to select from.

Expiration Cycles: Varies, anywhere from 5 minutes to 150 days from purchase. In addition, pair options can be closed out before expiration.

Min Trade per Option Contract: $20

Payout: Varies, some trades offer up to 350% on a single trade. Typical trades can see payouts as high as 86%

Platform Overview:

ProsIf you want to trade stocks or stock pairs this is clearly the best platform out there. Their selection is incredible. The trade window is clear and easy to understand. Displayed you’ll find the position, expiration and payout. In addition, they offer a decent charting package that includes Bollinger bands, support & resistance and moving averages. Another plus, a large selection of expiration periods, some going out as far as 5 months.

Cons: Nothing really to complain about.

Traderush

Ways to Trade: Binaries, One Touch, 60 Seconds, Option Builder

Underlying Assets: Stocks, FX, Commodities and Indices. Roughly over 105 assets to select from

Expiration Cycles: Varies, 60 seconds to a few months. Option Builder allows you to create your own expiration period, ranging from 45 minutes to 3 hours

Min. Trade per Option Contract: $5 for 60 second options, Option Builder $25

Payout: Varies, One Touch payouts can be as high as 700%. Typical payouts are as high as 81%

Platform Overview: 

Pros: Payout’s are clear and visible. In addition, you can scan very quickly for opportunities. Not only that, but they offer a lot of different ways to trade binary options. Option Builder, allows the trader to select the time and expiration period. For those new, they have a Hot Assets button, which lets the trader know which assets are most popular to trade on the platform.

Cons: The charting on this platform is weak.

99 Binary

Ways to Trade: High/Low, One Touch, Boundary and 60 Seconds.

Underlying Assets: Stocks, FX, Commodities and Indices. Roughly over 80 assets to select from.

Expiration Cycles: 60 seconds to a couple hours.

Min Trade per Option Contract: $5

Payout: Varies, Typical payouts are as high as 81%.

Platform Overview:

99Binary 1

99Binary 2

99Binary 3

Pros: The ability to quickly scan various assets for opportunities is a major plus. Very easy to understand the payout and what the trader needs to achievefor them to profit. At the bottom of the screen you can look at your open trades and history…while still having the ability to place trades. A nice selection of ways to trade binary options.

Cons: The charting is very basic. They don’t offer long term contracts to trade. For some traders this could be a deal breaker

OptionBit

Ways to Trade: Digital, Range, Touch, One Touch and 60 seconds.

Underlying Assets: FX, Stocks, Indices and Commodities. Nearly 70 different assets to select from.

Expiration Cycles:  Varies, 60 seconds to a couple weeks.

Min Trade per Option Contract: $10

Payout: Offers payouts between 71-81% on its assets.

Platform Overview:

OptionBit 1

OptionBit 2

OptionBit 3

Pros: The trader can select from a number of choices on how they’d like to trade binaries.  The trader also has the ability to trade off the chart. They also offer advanced charting tools. Trading off the platform is very easy to read. Overall, a solid platform.

Cons: Scanning is not as smooth as other platforms. Payout is misleading, similar to how Cedar Finance has theirs setup.  When switching from one binary trading style to another, the loading time is slow, this makes the platform frustrating.

Ubinary

Ways to Trade: High/Low, 60 seconds, 2 minutes, 5 minutes.

Underlying Assets: FX, Indices, Commodities and Stocks. In total about 67 assets to select from.

Expiration Cycles:  60 seconds to a couple weeks.

Min Trade per Option Contract: $20

Payout: Upwards to 85% on some trades.

Platform Overview:

Pros: In respect to design, this is one of the flashiest platforms out there.  They have a “most popular button,” which new traders will find useful. The open and closed positions window is underneath, giving the trader the ability to watch positions, while still having the ability to place new trades. Advanced charting is another plus on this platform. The speed of the platform is impressive.

Cons: High/Low is the only style of binaries they offer. You can’t scan for assets on one page, like other platforms.

OptionsXO

Ways to Trade: High/Low, One Touch, Boundary, Short Term.

Underlying Assets: FX, Commodities, Indices and Stocks. Over 80 different underlying assets to trade.

Expiration Cycles: Varies, 60 Seconds, 15 minute, hour, daily, weekly and monthly.

Min Trade per Option Contract: $10

Payout: Typically 65 to 88%.

Platform Overview:

OptionsXO 1

OptionsXO 2

Pros: The platform is very clear. For example, when trading high/low, they’ll explain to you what your bet means. This is great for the new trader. Not only that, but the payouts and expiration periods are displayed in large fonts. And, what else? Well, the open trades and trade history are displayed on the same screen as the order window. This allows the trader to monitor their trades, while still placing new orders.

Cons: The charting is very basic on the platform. Switching from binary to One Touch is a little slow. Not the quickest platform on the market.

Opteck

Ways to Trade: High/Low, One Touch, Range, On Demand.

Underlying Assets: Stocks, FX, Commodities and Indices. Over 50 assets to select from.

Expiration Cycles: 30 seconds to 24 hours.

Min Trade per Option Contract: $25

Payout:  65% to 95%, Range is well up to 100%.

Platform Overview:

Pros: The platform is very fast. And secondly, the trader has the ability to trade off the chart. Plus, the font size is large, making it very easy for the trader to see the payouts and the price of the underlying asset. Another great feature is the on demand button, this allows the trader to select their own expiration period. And finally, the traders choice window on the right, which displays the traders sentiment on a number of assets.

Cons: The charting on this platform is very basic. They don’t allow traders to put on long term trades. For some traders, this could be a deal-breaker.

Regal Options

Ways to Trade: Digital, Touch, Range, Turbo.

Underlying Assets: Indices, Commodities, Currencies and Stocks.

Expiration Cyclesvaries, from 60 seconds to a couple weeks.

Min Trade per Option Contract: $5-$10

Payout: typical payout is 60-80%.

Platform Overview:

Pros: Now, of course, visually this platform is smooth on the eyes. The trader has the ability to view various assets quickly. In addition, assets are lit up green when they move up and red when they move down. Moving on, the history window allows the trader to view open and closed positions, while still having the ability to place trades.

Cons: Switching from one binary trading style to another takes a while. Not the fastest platform. In addition, the payout is misleading. They include the investment as part of the return. The charting on this platform is basic.

24Option

Ways to Trade: High/Low, One Touch, Short Term Trades and Boundary.

Underlying Assets: Commodities, FX, Currencies, Commodity Pairs and Indices.

Expiration Cycles:  Varies from 60 seconds to monthly.

Min Trade per Option Contract: $24

Payout: Upwards to 91% on winning trades.

Platform Overview:

Pros: Great utilization of the screen space. For example, the trader has the ability to view trading opportunities, open trades and place new orders. Also, there is a notifications window, live chat, contact us and phone tab near bye. Not only that, but there is an explanation of what your order means. For example, Will the EUR/USD close Higher or Lower than the current price? Again, this is very helpful to anyone new to binary options. Overall, a very smooth platform. There is also a “trading trends” tab that displays traders sentiment.

Cons: Charting on this platform is very basic.

Ratings

  1. Stock Pair: Great selection of assets to choose from, unique pairs offered, order display is very easy to understand. Long term options available.
  2. 24Options: Visually one of the best platforms, easy to use and understand.
  3. Trade Rush: The ability to trade binaries in a number of different ways, the ability to scan quickly for opportunities.
  4. Cedar Finance: Solid platform that offers a little bit of everything. A lot of different assets for the trader to select from.
  5. Ubinary: Visually, the best platform reviewed. Would have ranked higher, however, they only over high/low binaries.
  6. OptionBit: Advanced charting a plus. Platform is easy to use and understand. A little slow.
  7. Opteck: A very solid platform. Loses points because you can’t trade long term options. Very fast.
  8. Regal Options: Good selection of asset types and ways to trade binary options. A little slow.
  9. 99 Binary: Smooth platform, however, ranks low because they only offer short term options.
  10. OptionsXO: Visually the worst platform from the group. Speed of the platform not the quickest. The ability to trade long term options is a major plus.

Of course, the ratings are based on tried and tested experience. Some of these brokers offer great support, for some traders, they’ll need this. With that said, its best that you speak to a representative and see exactly what they offer and what you need. In addition, some of these brokers offer special features that the trader can take advantage of. For example, Rollover and Buy Me Out features. These might be very important to some traders. In other words, it might be important for some traders to receive refunds on losing trades. Again, not all brokers offer this.

In conclusion, this review was based on the number of assets available, type of binaries available, speed and overall feel of the platform. What works for me, might not work for you. It’s as simple as that. Hopefully this review saves you some time with your quest on finding the right binary options broker.