Compare Binary Options Brokers

Regulated? US Clients Indicies Currencies Min. Trade Max. Trade Payout Min. Deposit Bonus
1callandput$5$800085%$250100%REVIEW
2top-option120x60£/€/$10$7 00085%£/€/$100100%REVIEW
3120x60_BDB_Logo_Blue$1$15000 (VIP account)81%$25050%REVIEW
4TR Logo$5$5 00081%$200up to $5 000 REVIEW
5Bee Logo$5$2 50085%$250up to 250%REVIEW
624 Logo$24$10 00089%$250100%REVIEW
7BDSwiss Logo€1€ 1 50089%$/€100n/aREVIEW

How to choose a binary options broker

There are a great number of proper binary options brokers in the industry, but it is difficult to determine which one is the best. Because the industry of options has become very popular in last several years many brokers have established their business. Therefore it’s essential to choose a professional and reliable provider with whom traders can open their account and trade with a comfort. So, there are several questions to check first before making a decision.

What types of options are available?

Check the option types which are offered. The most famous ones are: 60 Seconds, Up/Down (High/Low), Boundary (Range), and One Touch. More advanced types are: BinaryMETA and Options Builder. Check if the brokers have the type of option, which fits your trading strategy using which you like to trade.

Does the chosen broker offer bonuses?

Almost all providers offer bonuses to their new customers in order to entice new users and stimulate the traders to produce more trades. Usually they give a welcome bonus of a particular percent that varies from 25% up to 250% of the first deposit. Every provider has its conditions and terms on how traders can withdraw their bonuses from their account.

What profit does the provider of binary options offer?

Each trading platform decides upon what rate of payout they are ready to give for successful trades or so called trades ‘in the money’. Usually payouts range within 60-90%. It depends on each provider. Person should also think over if the provider offers a ‘loss back’ or ‘rebate’ if the option fails or is ‘out of money’. There are several brokers that can offer a ‘loss back’ of 10-15%, so the traders will be having a possibility to return their investments partially and limit their losses.

Is there educational section?

Most market players offer also educational resources to their customers such as tutorial videos on how to trade successfully, educational articles, free e-book and webinars. If you’re a new trader it is necessary to understand the principles of trading in order to invest profitably.

What are the funding methods and withdrawal? And are there any fees?

Options providers usually offer different funding methods and withdrawal to their traders. The most accepted payment methods are: bank wire, Credit and Debit cards, Liberty Reserve, CashU, Moneybookers (Skrill) etc. Usually the providers charge a fee if clients withdraw their money from their accounts. But sometimes there’s no fee when a trader withdraws his money by the Credit/Debit card, but with Bank Wires there may be fee of $25. This info is available in the our brokers reviews.

What is Support Service responsiveness?

It is essential to have an ability to reach the broker whenever a person has some problems or some questions. The trader should check if he can contact his broker (for instance: by live chat, email, or phone) 24 hours a day using either native language or international one.

Is the provider regulated?

Binary options trading is a relatively young industry. Thus, the regulation isn’t common among the majority of trading platforms. While most of the providers in Forex, the leading ones in particular, are regulated by the regulatory agencies (CySEC, FSA USA, or FSA UK) with the binary options brokers the case is a bit different. However, due to the fact that the industry develops, more brokers becomes regulated as it’s their very competitive advantage.