Compare the best binary options brokers in the comparison chart. To compare all 8 trading platforms – scroll left to the right and vice versa.
We have compared the best regulated binary options brokers and platforms and created our top comparison chart here. Every binary options broker and trading platform has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The comparison chart above shows which trading platforms came out on top based on different criteria.
You can sort the list using payout, minimum deposit, bonus offers or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice.
Tips on How to Choose the Best Binary Options Brokers and Trading Platforms
For one to be a binary options trader, he or she needs to choose a binary options broker. This broker is simply a company which is known to operate a website for binary options where one can trade easily and quickly by the use of an online interface for either a PC or a mobile device. The major aim of these brokers is to hold funds of the trader and provide a platform where the trader can be able to trade the binary options. Whenever profits are acquired, it is the duty of the broker to keep this in trust up to the time duration when the trader makes the decision to withdraw all his money or the profit only. In cases where the trader makes the decision and gives instructions to the broker, the broker is committed to giving back such money to the trader.
In most cases, these brokers are located in geographical settings that are different from the trader and thus bringing in the issue of trust. This is the major reason why one needs to find the best broker to ensure that there are no arising issues in the entire process. Also, the financial markets are prone to many scam brokers who aim at stiffing traders for their money earned in difficult situations. Below are some tips on how to choose the best binary options brokers:back to menu ↑
1. Read broker reviews and look at binary options ratings
There are many binary brokers in existence today. Unfortunately, you should look on Google to find the most reputable brokers. Look at the type of information that you will be able to see on third-party review websites and also have a look at the discussions and customer reviews and ratings on trading forums to get an additional insight.
Bear in mind that some are affiliate reviews. These types of reviews are easy to note or identify them due to the fact that they use unrealistic language to give a description of one’s potential gains. There are also other reviews which contain both the pros and cons of certain brokers which should also be much looked upon. Whenever you find some brokers who have few reviews, you should not give up just press on until you get some with strong and well established reputation.back to menu ↑
2. Binary options price quoting
This is another important factor which should be considered. There are some past cases whereby these brokers have been in trouble due to manipulation of price so as to lower the percentages of winning to their traders which is essentially fraud. Since this was majorly done in the past, the possibility still exists today that some brokers can manipulate the closing prices or accounts simply for their sake or advantage.
It is important for all individuals to always work with brokers who are reputable and straightforward since they will are known to quote actual prices.back to menu ↑
3. Look for both trading features and tools that enhance value
The best binary options brokers are known to deliver more than just trading platforms. Instead of providing individuals with the most basic binary options platforms that have got one or two types of trades, they provide a number of different kinds of trade with features like early close, rollover and double up as well as other binary options trading tools that are helpful and educational resources. The large number of trading tools a website offers, the larger the control they are giving to a trader. Another great feature is Option Builder which is a must have feature for most of the traders.
There are other resources which are helpful, and one needs to look for which include educational webinars, video tutorials, articles on strategy and video tutorials. There are some websites which will send trade alerts and also train you some specific binary options strategies.back to menu ↑
4. Choose the best binary options brokers who offer demo accounts
Although this isn’t absolutely a must, it should also be on the list of criteria. It is known that demo testing is for a while is critical for all those individuals who are known to trade profitably and make money consistently. This isn’t the only reason to find brokers who are offering a demo test. The other reason is about trust. Binary options brokers who are not offering this feature are encouraging one to lose money.back to menu ↑
5. Binary options secure withdrawals and deposits
Privacy, security, and ease of use need to be a priority when one is choosing a broker. Every individual will want to deposit quickly so that he or she can get trading straight away and not worry if the details are safe. One can secure his financial details by signing up to E-Wallets such as PayPal and use for most broker accounts.
Withdrawing money from your account is always a priority, and thus one needs to ensure he or she looks for some specific details that most brokers define like payment time frames and processing due to the fact that these sometimes differ per broker and payment option.back to menu ↑
6. Support examination
No matter the kind of transactions one does online, whether purchasing products, using various services or even trading binary options, everyone needs to know that there is a knowledgeable and competent staff accessible when a need arises. Most of the best brokers offer support via various ways including Live Chat, Skype, Phone, Call Back and Email. Having this different contact options means that one feels comfortable when trying to reach the support team for different issues. The support levels are known to differ between binary options brokers and thus one needs to be sure of choosing a binary options broker who he or she can reach with ease.back to menu ↑
7. Binary options profits and returns
Binary options trading is known to be one of the most profitable forms of investment. It also can be very profitable when an individual chooses a broker who offers higher payouts and returns. These returns are known to range from 60% to about 80%. Making the decision to choose brokers with a higher return may sometimes not be the best option. There are more and more things to consider when looking for the best binary options brokers and thus find the right one who suits your needs.back to menu ↑
8. Financial tools
It is a wise choice for one to choose the best binary option broker who is able to provide a variety of financial tools that can greatly assist in the analysis of both the economic climate and financial markets. Technical analysis of the markets is a better way since one will be able to find different patterns and scenarios that minimize risks.
The best brokers are known to provide tools such as live stocks, indices, currency data, commodities and also economic calendars which are helpful in understanding trading strategies as well as scheduling trades for individuals to maximize returns.back to menu ↑
9. Go through FAQ and terms and conditions
There are various reasons for one going through a broker’s website before deciding to work with him or her. First of all, you must be aware of what you are getting into. Most of the new traders simply by pass on this information and rush to trade thus losing their money to brokers that they decide to work with. Failing to read these terms of services is an individual’s fault that leads to a broker getting your money illegally.back to menu ↑
The above mentioned tips will help you in choosing the best binary options brokers when followed. This is because no one needs to make a mistake of working with the wrong binary options broker and thus losing his hard earned cash. Look for one who inspires confidence and also you are comfortable with to invest your money. Compare the different brokers and best trading platforms depending on your needs and choose the one you think is good for you after looking at the above explained factors that should be put into consideration. This will make choosing the best binary options brokers a less difficult task, and thus all individuals will be able to trade without any issues.