Binary options are easy to use and comprehend. The high-low option is also called a fixed-return option and offers access to stocks, commodities, indices, and foreign exchange. Binary options trading is performed by traders who decide whether the cost of the stock or commodity will increase above the strike price or fall below it by the expiry time.
The strike price, expiry time, payout amount, and risk are all disclosed by the broker before the trade begins. The trader has to predict whether the future price at the expiry time will be more or less than the current existing price. At the moment the top broker that you may want to check out is , but we also invite you to check more high-rated brokers reviewed by our team.
OneTwoTrade is a leading provider of binary options trading services to individual traders around the globe. Stockpair is a world leading online platform for binary options and pair options trading.
FM offers the latest generation trading platform and a wide range of tradable assets. RBOptions is a leading binary options trading platform for trading on indices, commodities, currencies, and stocks. IQ Option has used the latest technologies to create a trading platform that gives its clients an easy, smooth, and fun trading experience. Binary options trading is a relatively new investment method where you can profit by predicting the price movements of a range of dynamic stocks, commodities, indices, and currency pairs.
The main reason why binary options trading has become popular so quickly is because you only have to select Yes or No when placing a trade. Traders do not have to buy the actual asset. You simply have to decide whether the asset price will rise or fall within a specific time period. Binary trading services help individual traders and financial institutions participate in the field of binary options. These brokers provide a range of convenient features, advice and tips, special offers, and reliable customer support to help traders invest successfully.
Our financial experts analyzed all the leading binary options brokers in the industry to find out which ones are the best. Below we provide the details of our test and we list the most promising and reliable binary trading services we found on the market. To review the services of binary options brokers we carefully studied information available on review websites, business sites, and other reliable online sources. We analyzed all the leading binary options brokers and the services they offer.
We also examined the information and details available on the official websites of these brokers. Plus, our experts contacted the brokers to get information on particular aspects of their services. We used the following criteria to evaluate each binary options broker: People living in a European Member state are allowed to trade freely with any binary options broker based in another Member State.
A number of regulatory authorities and bodies license and regulate binary options products and brokers in Europe. Trading with a broker that has a license from a European country means your investment is safeguarded by a number of security requirements and protocols. Banc de Binary is a good choice for newbie traders in the EU as this broker offers extensive trading programs to guide you on how use its trading platforms.
The advantages of Banc de Binary are it offers an intuitive and easy-to-use trading platform and there are no fees for deposits and withdrawals. Banc de Binary was established in and has more than , customers. Plus, its trading platform is versatile as its supports mobile trading with Android and iOS apps.
There is no clear legal landscape for binary options trading in the US. There are two bodies that regulate online financial trading in the US.
Both bodies have not shown interest in licensing and regulating binary options brokers in the US. So, US customers have to depend on offshore-based brokers for binary options trading.
To avoid becoming victims of fraud, US customers are advised to investigate the broker thoroughly before investing their hard-earned money in trading with them. Make sure the broker offers advantages such as easy deposit and withdrawal methods for US customers, trading in US dollars, and multi-platform access that includes both desktop and mobile trading options.
Porter Finance is a reliable broker run by experienced professionals. Its trading platform is easy to use and versatile.
Plus, Porter Finance employs personal account managers to ensure customers get full attention and support. Porter Finance offers a wide range of trading tools. Porter Finance is a recommended broker for US traders. Tradorax is a good choice for US clients. It uses the proven TechFinancials trading platform which is popular among many other brokers too.
Finpari uses the latest version of the proven and reliable SpotOption trading platform. As the UK is part of the European Union, you are free to use the services of any binary options broker that has a license in any other European country. You can also trade with any broker licensed outside the UK and Europe. However, we recommend you try the services of the three brokers listed below as they have the reputation of providing a secure and safe trading environment.
IQ Option offers advantages such as a user-friendly interface, excellent returns, wide variety of options, and handsome deposit bonus. IQ Option offers interactive learning tools and a stand-alone demo account for the benefit of customers. Banc De Binary offers a simple trading platform with a range of attractive trading instruments to help traders make profitable trades.
Experienced traders can make use of trades that expire in nine months. This broker stands out as it provides useful trading and strategy guides and videos for all levels of traders.
Plus, 24option offers handsome bonuses and fast withdrawals as well as excellent support. Scams occur in all businesses. The skyrocketing global popularity of binary options trading means it has become the target of brokers and hackers who operate fly-by-night services to make a fast buck on the sly. So, it is a good idea to do your research and enter the binary options market slowly and cautiously. Binary options trading began only a few years ago and it is difficult to control and monitor their operations.
This means the majority of brokers do not have the backing of a government financial institution to provide traders the assurance their money is safe. Therefore, consider the following points and features to select a reliable and efficient binary options broker:. Double-check the credentials of the binary brokers you are interested in. This is a time-consuming task but you have to be sure you can trust the broker. Select a broker who is monitored by the regulations of an institution.
This ensures the broker is above board and trustworthy. Usually brokers are regulated by institutions in the country they operate in. A demo account, or simulator, can help you to practice trading binary options in a real time environment without risking much money. A few brokers offer a free demo account, while others ask for a small deposit to start using the account. Simply register for an account using your phone number. When customer support contacts you, ask for the demo account and start learning about the features of the particular broker.
The following brokers offer a demo account that you can utilize to practice trading at a low cost or for free: The broker should offer a trading platform that has a simple user interface. Time is important in trading and each second is vital especially if you have selected the seconds option or your option is near the expiry time. Make sure the software is easy to navigate and straightforward to use. Experienced traders and those who wish to keep track of constant market updates should select a broker that provides a mobile trading app.
The trader should offer a range of investment options. Except for currency pairs, the broker should enable you to trade stocks, commodities, and indices. Select a broker that offers a platform with graphs that have good history time frames that go back beyond yesterday.
This will boost your decision-making and increase the chances of successful trading. The broker should offer convenient payment and withdrawal options. Select a broker that accepts the largest range of payment and withdrawal methods. In binary options trading, you are fully aware of the amount you can win or lose before investing. However, newbies can make wrong investment choices.
You can also select a broker that offers risk-free trades. Make sure the broker offers good quality customer support with clear communication. Check out the customer support languages and foreign trading currencies offered. Does the broker offer hour customer service and multiple channels to contact agents? Do they provide loyalty bonuses? Read at least some user reviews of leading binary options brokers on our site.
Do agents respond promptly and thoroughly to questions? Good quality customer support is one of the most important criteria to select a reliable binary options broker. OptioNet uses the Tech Financials trading platform. GlobalOption accepts US clients. It uses an in-house trading platform that is similar to that of EZTrader. EmpireOption accepts US clients. It uses the SpotOption trading platform and offers a mobile platform for iPhones and Android devices.
TraderXP accepts US clients. It uses the SpotOption trading platform. This broker uses a wide range of reliable payment and withdrawal methods. OptionTrade uses the ProTrader platform, which is modeled after another trading broker called HotForex.More...