Binary options are a popular trading instrument that works on a fixed return on investment and predefined risk. While trading binary options, traders will always know the potential profit at the expiry time and the risk involved.
You can trade binary at a regulated broker and receive up to 100% payout. Once you buy a contract, your invested amount is at risk.
Binary options brokers compete in three major fields: software development, speed of withdrawals and promotions. The best brokers should offer you great a trading experience with all the latest technological developments. When you choose a broker, customer support is also very important, and we carefully consider all companies before we put a broker in our top selection.
Trading at a regulated binary broker is always an advantage, but you have to be aware that not all countries regulate binary options.
HighLow is a regulated binary options broker in Australia, operating with an ASIC license and providing a wide range of options with payouts up to 100%. By using "Quick Demo", traders can quickly browse the platform and use $10,000 in demo money to purchase options and test all the trading features. The payout for High/Low options with 1-minute and 5-minute expiries is 95%, which is the best payoff in the industry.
HighLow also runs spread options with 100% potential payout and offers target price by the broker. You can trade forex pairs, cryptocurrencies and commodities on a sophisticated trading platform with integrated charts. For all new customers, the broker offers $50 cash back, which means if you lose a $50 trade, the broker will refund your loss instantly.
Ayrex is the best way to start in binary options with no deposit. The company runs a free trading contest with real cash prizes for the winners. The tournament runs three times a week, and the total prize fund is $3,600 per month. Traders can easily join the contest with a free registration and no deposit required. Ayrex also offers a $1,000 demo account, which you can use without registration.
For deposits, traders can use different payment methods, including a number of e-wallets and digital wallets. If you use e-wallet such as Neteller and Skrill, you can also request automatic withdrawals.
IQ Option is one of the leading brokers worldwide, and millions of traders use the platform every day. The broker offers different financial instruments, including Forex, Crypto CFDs and Options. You can trade all instruments on a single platform and quickly switch between products. The minimum deposit of $10 makes the platform accessible for all traders willing to profit on the financial markets.
IQ Option has developed an easy-to-navigate trading platform with advanced charting tools that help traders make decisions. If you are a technical trader, IQ Option has much to offer you, including dozens of indicators and drawing tools. The $10,000 demo account would be a great help for traders using the platform for the first time.
You can trade binary options on over 50 assets, including forex pairs, stocks and cryptocurrencies.
IQ Option disclaimer: Trading binary options carries significant risk.
First, we want our binary broker to be regulated and licensed by a financial authority. We know about the many scams that try to take our money, so the best way to avoid them is by registering at a regulated company.
Some of the most reputable watchdogs that regulate binary options are ASIC (Australia), CFTC (United States), and FCA (United Kingdom). These regulators ensure that clients funds are segregated and kept in separate trust accounts.
A regulated company has to guarantee its client’s money is safe and the client can withdrawal his or her funds at any time.
Best trading platforms
Software performance is of major importance when choosing a broker. We don’t want lagging platforms that freeze just before we purchase a binary option, and when the screen unfreezes, it shows a different market price.
There are also many auto-trading software programs, the so-called binary robots, that you should definitely avoid. These “money machines” are programmed to make you lose in the long run and are not regulated.
Thankfully, the binary industry has grown a lot, and some platforms have reached a stunning level of professional charting and technical tools. The chart graphics are designed flexibly in order to suit different trading styles.
You can access the platform through the desktop app or web browser. The mobile apps don’t skimp on features either. These features combined with trading execution in split seconds make the environment steady.
When you trade, of course you want to make profit. The percent payout is important, and the best brokers have to offer fair payouts. We believe a fair payout is about 85-90% on regular High/Low options and up to 100% on Spread options.
The payout depends on the asset’s volatility. Usually, shorter expiry times, such as 60 seconds, are paid higher. In most cases, the best payout (up to 95%) you will receive is on a EUR/USD pair with an expiry time up to 5 minutes.
Some brokers also offer Spread options with 100% payouts on investments. Of course, when the payout is higher, the trader’s probability to profit is lower.
The best payouts are paid on the most volatile forex pairs, such as EUR/USD, GBP/USD and USD/JPY; the lowest payouts are usually offered for cryptocurrencies and stocks.
Many binary brokers fail to provide instant withdrawals, but the best brokers shouldn’t have any excuse not to. The client’s money must be the priority for each broker. In our opinion, a withdrawal shouldn’t take more than an hour and approvals of 3-5 business days must stay in the past.
The good companies offer a large number of payment options, including credit cards, bank transfers and e-wallets. The withdrawal approval and execution time is up to 24 hours for bank transfers, and up to 1 hour when you use an e-wallet such as Neteller or Skrill.
The fair brokers won’t charge any fees, except for bank transfers.
Best customer support
Whether you trade at a forex broker or a binary broker, customer support must be exceptional. It is important to be able to reach your broker at any time through live chat or support tickets. While live chat is much faster, ticket support is preferred by some traders because it keeps a history of the communication.
The best binary brokers shouldn't avoid any requests from their clients when it comes to withdrawals. For traders, it is important to acknowledge the broker's payment terms and use the appropriate payment methods.
Why we recommend brokers
Traders are always searching for recommended brokers because the binary industry is well-known for scam activities. Many traders face withdrawal problems, price manipulations, fake bonus promotions and so on. Once you have been burned and lost your investment in strange circumstances, you might abandon trading or search for a reputable broker.
If you decide to keep trading, you should find an established broker that will treat you fairly and honestly. Fortunately, there are some good brokers around that provide healthy trading environments.