Binary Brokers
Choosing the best binary options broker
As you commence trading on all these thrilling options, you will need to choose a broker that will act as a go between for you and the assets you wish to trade. A few companies specialise in just one or two assets which might include stocks, indices, currencies or commodities. The standout brokers will offer a choice of trading tools and signals to make it easier for you to follow the market conditions, along with a varying number of stocks, commodities, currencies and indices, making it possible for you to place trades on whatever interests you.
Broker | Name | Review | Min. Deposit | Return | Min. Trade | Deposit | Demo | Payout | Trade Now |
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24Option | $250 | Up to 89% | $5 | Up to 100% | 89% | Go to broker |
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Banc de Binary | $250 | Up to 92% | $10 | Up to 100% | 90% | Go to broker |
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BDSwiss | $100 | Up to 89% | $10 | Up to 100% | 81% | Go to broker |
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Imperial Options | $250 | Up to 85% | $10 | Up to 200% | 85% | Go to broker |
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Stockpair | $200 | Up to 85% | $10 | Up to 100% | 85% | Go to broker |
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365Trading | $100 | Up to 90% | $10 | 100% Up to $5,000 | 89% | Go to broker |
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10Trade | $200 | Up to 81% | $25 | Up to 100% | 87% | Go to broker |
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IQOption | $10 | Up to 92% | $1 | Up to 100% | 92% | Go to broker |
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GTOptions | $250 | Up to 85% | $10 | 50% up to $10,000 | 81% | Go to broker |
All of the leading trading platforms will offer a basic setup that includes the following:
Educational resources, including a demo account to familiarise yourself with the platform the process
Live customer service and trading support
Analytical tools such as graphs and statistics
Customer reviews
Mobile apps so you can trade anywhere, any time that markets are open
Any reputable broker will offer all of these services on their platform.
In addition to this, it is worth paying attention to the kind of offers that binary options brokers present to their users. Some may cater for smaller depositing traders whilst others to the opposite. There are many sites offering broker comparisons based on the following features:
Minimum deposit amount
Minimum trade amount
First deposit bonus
Payout rate (given as a percentage)
Demo account
Risk free trades
Free Signals Tool
Not only that but with this you should be able to access an archive of training guides that are available on most platforms, full of video lessons and guide books. Whilst it can be helpful to have a bank of trading resources to draw upon it is not necessarily an indication of a better broker.
Binary Options – Keep It Simple
Bear in mind that placing Binary Option trades is separate from financial market investments. binary options trading consists of price predictions in contrast to acquiring and selling stocks. This is one of the fundamental reasons for the binary options boom in recent years, as binary options trading is portrayed as being, fast, easy to access and simple to use. While it is true that you should study your strategy and assets of choice, any broker that does not present you with an intuitive and user friendly experience is not worth spending the time on – it’s a trader’s market out there, so be at liberty to choose another!
Choose the Best Broker For You
Although I have said before that the market currently leans favourably toward the trader as there are so many brokers to choose from, it can still involve some effort to find one that is suitable for your level of trading. To help you out, we have provided you with a review of some of the standout companies operating in the industry today, including some of the features that each one offers, available in the review table above. Each binary options review contains what you need to know before you register and start trading real money.
Remember that all of these platforms offer assets to invest with. A good tip would be to be sure that you are trading on an asset that you have an interest and knowledge of so that you will have enough information about it to make a successful prediction of the price at the close of trading. If there are lots of assets to choose from on a platform this may not be so useful to you if you are only looking to trade on one or two.
Other Points to Consider When Choosing a Binary Options Broker
Here are a few other important factors to consider when choosing a binary options broker:
• Reliable Trading Platform – with no spreads and no time delay. Price manipulation is another risk factor if you end up choosing the wrong broker – there are some shady operators out there, so watch out!
• Customer Service – should be on hand to help you and you should be able to reach the support team easily.
These are all considerable points to keep in the front of your mind when going through your list of the best binary options brokers. We take care to discuss only brokers that cater to these requirements. Not only have we made these recommendations ourselves, but they are also the views of other users.
However, before your computer turns into an ATM, please note:
Trading Binary Options is all about assessing the risk; the successful trader is the one who has the ability to work with the probabilities to keep the odds in his favour.
Make certain that you have researched your asset and how you are going to see through your investments and you will be happy with the results. Be sure to test out your method so as to understand whether you have learned enough- only then should you start trading binary options with real money.
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