In our best binary options brokers ranking you will only find the most reliable and serious binary brokers online. These brokers will enable you the best binary options trading experience. Each broker that has been included in the table below has been reviewed. Check out the broker comparison list to find your best online binary options broker.
Binary options are a financial product, which allows you to trade on a wide range of financial assets, including currencies, stocks, bitcoin and commodities. All you need to do is correctly predict the direction of the price of the underlying asset within a designated time period.
When traders believe the price of the asset will decline, they purchase a "put" option. In contrast, when they predict prices will increase, traders purchase a "call" option. You have to select when you want the option to expire before you make your trade. The period of expiry can range from 60 seconds to 5 minutes to 1 hour to one week and so forth. As opposed to traditional trading, you do not purchase or own the underlying asset, but instead purchase a contract that, at expiration, pays out a pre-determined, fixed amount or nothing at all.
If your prediction is correct you can make a profit of up to 92% of your investment. This means that if you invest 100 $/£/€ on an option and the payout is 92%, you will make 92 $/£/€ profit if the option is a winning one.
To trade binary options, you must first open an account with a broker that offers binary options trading. You can choose one of the brokers reviewed on this website, then you have to open an account with the selected broker. Once the account fully opened, it is possible to access to the trading platform where all the trading tools are available and all binary options as well.
There are many forms of binary options:
There are many brokers that offer binary options trading. In addition to the comparison above, you can have a review, experiences, features, advices and tips for each broker, you just have to click on the "Review" button to be redirected to the page relative to the given broker.
Some brokers offer free demo account to try to trade binary options without deposit. That is ideal for beginners who learn trading, but also for any trader wishing to test different strategies for free. When we open a virtual account, we have a definite amount of virtual money that we can spend on several trades. Click here to access the list of brokers offering demo account without deposit.
To open a real account, you must deposit money, however, the minimum initial deposit required to open a trading account varies, depending on the broker. The minimum deposit is a data that is provided in the broker’s comparison above. However, it is also possible to view a page with a ranking of brokers according to the minimum deposit required to open a real account. There are some brokers with a required minimum deposit equal to only 1 $/£/€.
The minimum trade is the minimum amount to make a trade, this data is provided in the comparison of brokers. This data can vary from 1 dollar/euro/£ to 25 dollars/euros/£ depending on the broker. You can see a ranking of brokers according to the minimum amount required for a trade. However, some brokers may offer a differentiated minimum trade depending on the type of binary options for example the minimum may be 25 dollars/euros/£ except for 60 seconds options, the minimum amount could be for example, only 5 dollars/euros/£.
Different payment methods are available to deposit money into an account. The most common payment methods are credit card payments and bank transfer. However, there are many other reliable and safe payment methods that are becoming increasingly popular, the best known are Neteller and Skrill. Paypal is available with some brokers but it is not particularly popular because of applicable fees. Then, other local payment methods exist depending on the trader’s country of residence.
Many brokers offer different types of bonuses. First of all, the bonus for opening a real account, it is often expressed as a percentage, it is a portion of the amount of the first deposit. Loyalty bonuses and promotions are also offered regularly by different brokers . Some conditions apply regarding bonuses, for example, withdrawal is possible after a certain number of trades, so it is recommended to read the conditions for each promotional offer with a bonus.
This is a particular type of binary option because the maturity is only one minute or 60 seconds, contrary to the more traditional maturities of several days or several hours. Some brokers offer even options with shorter maturities of only 30 seconds. In this case, some people think that it looks like gambling.
There are several strategies to try to win successfully an option, however the best strategies to make money are forged over time, so each trader has his own strategies following technical analysis of historical prices of an asset and / or analysis of the current financial market or taking advantage of certain economical or geopolitical events.
Forex deals exclusively on the currency market. With binary options, potential investments are much larger, it is possible to trade on the currency market, but also on the stock exchange, shares, indices, commodities like gold or oil. Possible underlying assets are much larger. Furthermore, many traders feel that it is easier to invest in binary options.
The vast majority of brokers offer mobile applications in order to trade directly from their Android smartphone or iPhone, or from an Android tablet or an Apple iPad. It is possible to download an app from Google Play (Android) or from the Apple AppStore (IOS). On pages dedicated to each broker, a link is available to be redirected to the official page of the broker’s application. In general, it is possible to trade as easily as from his computer, however, on some applications, some options are missing compared to what it is possible to do with the classic web platform or with the software to download offered by the broker.
Copy the trades of other traders automatically is possible on some platforms. Social trading is becoming more popular. On this site, you can view a page describing the various copy trading services.