Recommended binary options brokers 101

These are far from guaranteed scams but you have to understand that they do have lower ratings for a reason. If you are interested in brokers on this list I suggest that you think twice before pulling the trigger. In order to trade binary options a broker is required, you deposit funds, place trades and withdraw earnings from your broker. We have done the leg work for you so that you can not difficult pick between the trustworthy brokers that we have rated. Here you will find a list of brokers that have passed the rigorous tests set forward by myself and the binary today community. If you have used any of these brokers please click on the stars to leave your own rating. Reducing the risk, especially for beginners, is a very important element when it comes to binary options. As we all know, binary options trading may generate big profits but it also comes with big risks. In the case of Binarycent. We may have different experiences when dealing with them so our evaluation is not absolute.

All of that depends on the broker. Therefore, we gave a higher grade to brokers with live chat services and more phone numbers. You, as a trader, are just predicting whether the price of the said asset will go up or down. This is one of the most important things to consider when you are choosing the top binary options broker for you. Without anyone to regulate their proceedings, a binary broker can swindle you out of your money just like that and you will find it hard to file a complaint against them. is more reliable compared to both FMRRC and Financial Commission. Usually, a broker offers various assets for you to trade. However, the operation of the second domain is not regulated by , and this is worth bearing in mind. Each of them also offers a demo account and their reported payout is quite high.

These brokers no longer offer binary options but they still offer Forex and CFD. If there is a significantly low level of traffic on a certain site at any point, it may not be a good choice for traders. Most binary brokers offer tournaments for their customers and they give out different prizes. In this group of criterion, we will carry out the evaluation based on two factors: Regulation and Traffic. So what criteria are we going to use as a basis to evaluate the brokers? During our research, we have found out the traffic on the website of brokers such as OX Markets, 365 Trading, 10 Trade, Bull Binary, Zone Option, Zoom Trader Global, Key Option, and EZTrader did not even reach ten thousand per month.

Usually, when traders withdraw from their balance, it takes 3 to 5 business days for the money to get to their bank account. If you do happen to encounter a problem with a regulated binary options broker, you can send your complaint to the regulator and they will perform any necessary action. If a binary broker is really serious about it, they will certainly acquire a license from a regulator first and foremost. This will be beneficial when you are sure that you will lose at the end of the trade. Most brokers, especially new ones, specialize purely in binary options and they usually offer huge starting bonuses. Forex platform is, in fact, regulated. This is a question that, without a doubt, every single person who is planning on trading binary options will ask. This is a very important factor.

On this domain, traders are only provided with One Touch Option. Basically, we discourage you from transacting and depositing any amount of money on brokers that are not regulated. We will delve more on that in another article. That means you will need every help you can get to wade through this ocean of brokers. The quality of customer care service of a broker is a reflection of its reputation. Regulation is probably one of the most important things to consider when choosing a binary options broker. As we have pointed out earlier, the results are not always absolute.

Putting your money on binary brokers that are not regulated is a losing game. Sometimes, phone numbers may be free but live chat is almost always available and frankly, easier to deal with. And in case of the broker OptionRally, they are offering their service in two different domains. That is why we advise you, especially for beginners, to choose the best binary options broker from the ones that are regulated. So in terms of withdrawal, the top binary options brokers are the ones that take the shortest amount of time to complete a withdrawal transaction with smallest to no fee and the lowest minimum and highest maximum amount for withdrawal. does not allow the brokers they regulate to offer a bonus to brokers and just recently, they have also prohibited brokers from holding tournaments.

It is really difficult to do this on our part. What may be great for us may just be good for you. One trader may find a type of binary option a great choice and another trader may not. However, its binary option is not. We think that, in choosing the top trading platforms, it is very important to consider whether they offer a demo account or not. This is not a case of one size fits all.

Most of them, though, is quite the opposite. Thank you so much for visiting our website. Now, we have everything covered for the criteria we used for the evaluation of the top binary options brokers. For Max Profit, we will choose the top brokers based on four things: Asset, Type of binary options, Bonus, and Tournament. You also have to keep in mind that you will only make an actual deposit once you have verified your account successfully. Customer care service available 24 hours a day, 7 days a week will get the highest grade. This is always a plus for brokers. Because of that, the best binary options broker for us is the one that gives traders the most options.

To wrap this all up, we have also listed the brokers that are NOT regulated. If you are very new to binary options trading, please start trading with a broker that offers a FREE demo account. You will, of course, still lose money but it will be smaller. The only advice that we can really give to you when it comes to customer care service is that when you find a binary broker you think is perfect for you, you will check the quality of the service as thoroughly as possible. Experience, most of the time, comes at a price. This includes Ayrex and EXTcapital. Live chat and phone calls are the fastest ways to connect users to brokers.

This tool allows traders to exit a trade even before the expiry time. It reflects the level of reliability of a certain broker and all trusted binary options brokers are regulated. How will this process of finding the best binary options broker go? We vehemently disagree with that. So you should still try to visit all of the binary brokers on the table. just wants to make sure that traders, especially new ones, open an account with a certain broker because they know what they are doing instead of being lured by a bonus. But we can reduce that. And of course, we will give a higher grade for binary brokers who offer mobile apps, particularly apps where you can do everything you do on their main website. What is the best binary options broker for me? For the final group, we used two criteria for evaluating brokers: Mobile App and Withdrawal. Since the focus of this article is the best binary options broker, we did not include the brokers shown in the table below.

So how do you evaluate this? Another thing you must know when it comes to regulations is that almost every country has their own regulatory bodies. And in this group, we will consider minimum deposit and trade size to rank brokers. Due to that, tournaments are not a good basis for ranking top trading platforms. Tournaments can give a trader chances for more profit. Choose the one that offers assets with the highest payouts. All that is left to do is lay out the results of the evaluation and rank the brokers! And with more than a hundred binary brokers currently active, choosing the right one might prove difficult for beginners. These assets are divided into 4 groups: currency pairs, stocks, indices, and commodities.

EU, USA, Germany, UK, Australia and they are , CFTC, BAFIN, , ASIC. This is another point to consider under this criterion. In order to properly rank binary brokers, we used five groups of criterion for evaluation: Trust, Max Profit, Less Risk, Help, and Facility. In the table above, we did not mention Banc De Binary, a broker based in Cyprus, though it used to be one of the most famous firms. While evaluating trusted binary options brokers, we also studied them and found out that some of them actually have a great interface and very clear information. This ensures that traders will be protected from scam or fraud. Test their demo accounts and customer care service, see the interface of their platform then choose the one you will be most comfortable with in the long run. The second domain, which is the optionrally. After that, we classified and arranged the binary options brokers based on each group of criterion.

So we are here to do just that. The key here is trying out the different types and finding the right one for you. In this group, we will evaluate and rank brokers based on two main factors: Demo account and Customer care service. However, the prizes are not significant and are usually given to the top traders. Most top brokers have customers all over the world.