What are the most popular binary options brokers of 2019?
When the US Securities and Exchange Commission accepted binary options in 2008, numerous traders have been considering expanding their investments and exploring binary options trading. As there’s a comprehensive list of available agents now, it is challenging to restrict your choices so as to get the one which suits your tastes. With that, we’ve gathered the favorite agents that will help you jumpstart your trading.
Binary option is popular to all kinds of traders — from low-skilled and amateur traders to expert – due to its easy yes-or-no and all-or-nothing premise with high payouts. But just like any investment, having high rewards also entails high risks. Hence, it is crucial for you to be educated about this financial tool and to fully understand how it functions.
It’s also worth noting that although binary trading allows you to exchange from any place online, not all nations legalize or control this fiscal product. Visit Binary Options Trading Legal and How Is It Regulated analysis for each brokers to understand if binary choices trading is legal and regulated in your country.
In this article, we’ll walk you through the top binary options brokers. Specifically, we’ll compare the following features of each broker:
- Minimum deposit
- Maximum returns
- Bonuses, if any and what conditions have
- Supported trading platform
Knowing where to hedge your funds is the first step to maximizing returns or, at the least, minimizing losses.
It may also you can pay to know some basics of the trade.
For instance, Nadex, a U.S.-based regulated exchange for binary options, identified the top four traded forex pairs as:
- EUR and USD
- USD and JPY
- GBP and USD
- USD and CHF
According to financesonline.com, the following are the best online binary option platform:
- IQ Option
A Word of caution
As with many internet financial transactions, binary options are prone to fraud, so play it with prudence. Many brokers aren’t regulated by the government (a good or bad thing, depending upon your perspective); you’re left with the good graces of your choice.
A typical red flag is a trading platform which overstates the ordinary return or, worse, it manipulates price points to induce clients to lose their bet (every time customers shed, agents win). An easy online sleuthing by reading user reviews and discussion concerning the broker should steer clear of fraudsters.
The challenge is to concentrate on legitimate brokers. Chicago Board Options Exchange (CBOE) lists dependable binary possibilities to US traders and conducts the CBOE Volatility Indicator Binaries to monitor choices movement. CBOE is SEC-regulated, which adds layers of investor protection. Was published a warning that scammers are using these follow-up schemes targeting binary options customers.
IQ Option was established in 2012 and it has favorable reviews on the internet. It uses in-house software for trading. Maximum returns are 95%. Traders in the USA, Australia, Canada, Russia, Belgium, Japan, Turkey, Israel, Iran, Sudan, and Syria are not accepted. IQOption Europe Ltd. is well-known for reliable broker services, as it is regulated by the CySEC.
IQ Option offers a free demo account to help you to get started. Minimum deposit is just $10 for the Real Account. For the premium VIP account, the minimum deposit is $3,000. Support for customers is currently offered via email, phone, and live chat. This broker offers multiple convenient deposit and withdrawal methods to help you trade easily. For more details on this service read our binary options brokers review for this particular broker.
- Minimum deposit: $10
- Minimum trade size: $1
- Maximum returns: 95%
- Supported trading platform: proprietary web, Android, iPhone
Binary.com is a licensed broker regulated in the British Isles, Malta, Ireland, and the UK. However, US, Canada, Japan, Hong Kong and Costa Rica traders are not accepted. It is one of the more transparent companies in the industry that declares its owning company and market operations. Formerly the BetonMarkets, Binary.com blends gambling and trading but with transparency. It offers CFDs, FX margin and crypto trading via MT5.
You can start the trading time aside from the expiry date and the investment amount is based on the payout you set. The minimum deposit is $10 and for e-wallets it’s even lower, $5.
The bonuses are not standard; rather, consist of two types. The Deposit Bonus and Free Bonus. There are not specified the percentages, but you are required as much as 25 turnovers to avail yourself of a withdrawal. There’s also a 1.5% payout commission.
The broker supports various trading platforms, such as, Binary Webtrader, Binary Bot and Binary Next-Gen. Furthermore, it can personalize client trading needs all under one roof.
The platform is intuitive to the first-time trader and robust for the veteran. It features a lot of visual tools like charts and technical indicators and the tutorials on binary options are comprehensive. Likewise, it supports 12 languages and provides a virtual money account. Mobile apps are available.
- Minimum deposit: $5 for e-wallet and $10 for debit and credit cards
- Maximum returns: 100-1000% depending on contracts and trades
- Bonuses: not specified
- Supported trading platform: proprietary web, Android and iPhone
HighLow is based in Australia and is a regulated broker. It uses the MarketsPulse trading platform. Maximum returns are up to 90%. This broker does not allow US-based traders. They offer a demo account and mobile app .
The minimum deposit amount is $50 for all methods while the minimum trade size is $10. If you like fast expiration times, HighLow is the ideal broker for you as it offers, 60-second, 90-second and 5-minute expiration times. Support for customers is offered via phone and email in English and Japanese. The broker’s website is informative with a detailed FAQ section. You can go for HighLow as it has favorable online reviews.
- Minimum deposit: $50
- Minimum trade size: $10
- Maximum returns: 200%
- Bonuses: $50 upon sign-up
- Supported trading platform: MarketsPulse web, Android and iPhone
eToro is a social trading network and not a broker. It allows you to copy the leading traders in its community and, hopefully, realize the same margins. Trading can be copied, which can help you to earn easy an additional income.
In this platform you invest in people, not currencies. You will have to be intuitive about other traders’ behavior and analyze their patterns or strategies, instead of learning financial charts and indicators.
No worries, eToro provides more than 16 lectures and video courses on how to hone your skills. These include identifying consistent traders, not just one-shot deals. You also get a list of the best traders on currencies, indices and commodities across a wide range of underlying assets.
On the B side, you can share your trading insights and enrol in the Popular Investor Program as a trade authority.
Minimum deposit is $200, while maximum returns varies. The network uses its in-house trading platform with Android and iPhone apps.
- Minimum deposit: $200-$10,000 depending on country
- Maximum returns: varies
- Bonuses: not specified
- Supported trading platform: proprietary, web, Android and iPhone
Good luck in trading !
RISK WARNING Please remember at all times that trading binary options can be an exciting activity, but we have a moral duty to remind you of the risks you may run. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Options trading can become a real addiction, as can any other activity pushed to its limits. We kindly ask you to engage in a careful self-analysis to check if you are at risk. To avoid the danger of such an addiction, it is important that you follow some basic principles and guidelines. Use the opportunity provided by website with Demo Account to practice for free. This will enable you to get used to the functionalities and rules of the website. Trade only with money you can afford to lose.
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