Choosing A Good Binary Options Broker
Choosing a binary option broker carefully is vital to your experience as a trader as well as your success. It is one of the most critical moments of your whole trading experience. We provide a service that enables you to choose a binary option broker more carefully. We will check licenses and regulations, the rating of binary option broker websites, along with the integrity of their promotions or offers. More importantly, we will check their turnaround times on withdrawals.
Professionalism is always a must, so we will check up on this as well. Good customer service means everything to us as much it does to you. Our service will skim every potential binary option brokerage firm to make sure that you get the best trading experience possible. We will only list the most trustworthy brokers. This is an advantage for you.
We will also point out more binary options brokers that offer more financial instruments to trade with and make profitable gains on even faster. First things first though. Before we list them here though, they will need to pass our regulation, integrity, withdrawal, and professionalism test.
Why Is It So Difficult To Pick a Binary Options Broker?
The only problem with binary options brokers is not knowing which ones you can trust. So many beginning traders (or investors) were taken in by the simple form of investing. It appealed to most traders, because of the quickness and visibility of seeing their investments grow. You don’t need to complete a lot of paperwork or disclose your life history to open an account. The problem lies with unscrupulous operators of a binary option platform or website.
Beginning investors were making deposits and winning trades; only to be scammed in the end. In some cases, they were making withdrawal requests and being ignored. Many complained that when they tried to call the company, they could never get in touch with the person that contacted them initially.
The first thing you need to know before you make a deposit is whether the binary option website or platform is regulated. Binary option platforms should not operate without the proper licensing. Unfortunately they do.
Better advice for you though is if the binary option broker is not regulated by CySEC (Cyprus Securities Exchange Commission), then you shouldn’t make a deposit with them. Run for the hills! Chances are very likely the platform is a scam. Our website will offer you honest options to start or further your trading career.
Where are the best binary options platforms?
Don’t know which binary options broker to make an initial deposit with? That’s okay. You’ve come to the right place. Here you will find the most reputable sites. We’ve combed several websites and platforms and listed the top 3 below. Again, we have investigated these platforms and everything seems to be on the up-and-up.
Top 3 Binary Options Platforms
24Option makes our list at number 3, but that isn’t because we undervalue the trading opportunities that are there. 24Option was founded in 2010, has been operating efficiently and still going strong. Why did we pick 24Option? Frankly, we liked their vision statement. It was their dedication to designing a simple platform for traders and to make it as profitable as possible.
Consistent profitable trading opportunities happen daily on this platform and 24Option makes it all available to traders and investors at the click of a button or in the form of an app. 24Option’s commitment to allowing a trader to have total control of his trading activities is just another reason why they are listed on our site. They also provide excellent customer service to their traders.
As a beginning trader, you will appreciate the simplicity of its online trading platform. It may be very appealing (and wise) to try the many financial instruments they have available. There are enough to suit any trader’s style for trading binary options whether you’re a short or long term trader.
- High/Low – Pick any available asset and speculate if it will be higher or lower with in 9 or 15 minutes.
- Short Term – Offers 4 types of expiration: 30 sec.,60 sec., 2 min., and 5 min. When this style of trading is mastered, it can be very lucrative. Be careful, it can be tricky though. However, tools are available for traders to capitalize on these fast and profitable gains.
- One Touch -a) Touch/No Touch – Choose between 4 currencies and 1 commodity and speculate if an asset will expire higher or lower in 15 minutes.b) High Yield Touch – Choose between 4 assets with 6 different price ranges and speculate whether they will expire within the target price range and realize gains up to 350%.
- Boundary – Choose between 5 different assets with 6 different price ranges and speculate whether they will expire within the target price range make 70% gains.a) High Yield Boundary – Choose between 5 different assets with 6 different price ranges and speculate whether they will expire within the target price range and make 200% to 350% gains.
24Options offers 5 different types (and an Islamic Acct. option) that are: Basic, Silver, Gold, Platinum, and Diamond.
24Options makes it easy to deposit and withdraw funds from your account. There are over 10 methods to do so: Visa, MasterCard, Discover, Diners, Switch, JCB, OKPAY, Bank Wire, Perfect Money, Wire Transfer, and Skrill. (Most of these partners are regulated by the Financial Conduct Authority, Central Bank of Cyprus, Dutch National Bank, Deutsche Bundesbank so you should feel safe about making an investment with one of the higher rated cards. 24Option’s online trading platform is regulated by CySEC & MiFID)
OptionWeb is one of our most trusted websites to trade binary options. Aside from being a good place to trade, but it is also a great place to learn more about trading binary options. OptionWeb offers multiple trading plaforms and over 190 assets available to the avid investor. Unlike investing with a traditional broker,there are no commission costs. OptionWeb prides itself on being one of the first of its kind of platform to offer different trading instruments allowing for short and long term investments. The platform also offers six different account levels which include:
- Starter – This account is ideal for the beginning trader and requires a low deposit to get started trading. You’ll be able to learn and utilize the many of the trading tools that OptionWeb has to offer. Only 80 assets are available for trade with this account.
- Standard – A Standard is great for casual traders and requires a deposit of 1000. Traders will receive Level 1 personalized training from a binary options professional. This account also comes with a demo training account which allows you to test the market before trading with your real funds.
- Silver – The Silver account is for the investor that is looking for consistent gains. It offers trading signals in real time and one free mentor session weekly. With this account, you’ll also get an unconditional guaranteed trade of up to $300.
- Gold – The Gold package accommodates those investors that are very serious about their trading. Depending on what country you are in, there may be an addition of assets that are available to you upon demand. The investor also receives what is called Level 3 personalized training and 2 coaching sessions weekly.
- Platinum – If you consider yourself to be a professional trader, then the Platinum package may be for you. With this account, you’ll receive a 5.5% monthly interest rate on a generated volume of trading profits. In this package, you also receive free Economic press subscriptions to keep you to date.One thing about OptionWeb is that it aims to please its traders or investors. Offering smartphone apps for download allowing you to trade anywhere and anytime in the world. OptionWeb is also regulated by CySEC and received authorization from every European regulation agency; which is another reason why it makes number 1 on our Top 3 list.
Making our list at number 2 is TopOption. TopOption receives this notoriety from us because it is a multi-language user-friendly platform. It also caters to the needs of both rookie traders and professional investors. TopOption also has a newsroom feature allowing conservative and aggressive investors to stay ahead of the game and jump on the next market move.
TopOption also offers a variety of assets with 30 forex pairs, 11 commodities, 28 world indices, and nearly 100 stocks. It shouldn’t be difficult to find an asset or financial instrument to play with on this website. There is also a helpful asset index, economic calendar, and expiry rates to keep up with the market.
As mentioned in the previous paragraph, TopOption has a variety of financial instruments to fit your trading temperament. Its financial products include the:
- Classic Option – Trade in three steps, asset selection, speculate whether the price fo an asset is going up or down, and choosing the intended amount to trade with.
- Touch/No Touch – Speculate whether the price of an asset will a set price point before its expiry.
- Speed Master – Trade at higher speeds than traditional binary options trading.
- ProOption – A useful tool for polishing your trading strategy. Using this tool will help you devise an entry and exit strategy for all of your trades. It also educates you to how an asset has performed over time with an expiry time and date history.
- One-Touch – Make an investment with a single click of your mouse or touch of a button on your phone. Speculate correctly and see gains reaching up to 500%.
In addition to these financial instruments, TopOption’s risk management feature is one that we’re sure a lot of beginning traders may want to take advantage of. With a “Buy Me Out” feature that allows for traders to close a potentially losing trade before expiry. This aspect of trading alone entices beginning and seasoned traders.
TopOption has a helpful section for beginning traders to learn how to trade on its different platforms. New and avid traders can benefit from the useful information of market indicators. It is these news alerts that may cause an asset to perform differently for a certain period of time.
Beginning and seasoned traders can benefit from TopOption’s one-on-one training sessions.
TopOption also offers a downloadable platform and smartphone app. Investors are able to execute trades from anywhere at anytime. Funding an account is relatively easy with 3 different methods including credit card, Fast Bank Transfer, and Webmoney.
TopOption offers 3 different account and bonuses that compliment all of them. There are no fees or commissions associated with these accounts. These are:
- Starter – New traders to the website can receive a welcome bonus up to $250. A minimum deposit of $100 is required.
- Pro – The trader with a little more experience may want to go with a Pro account. Experienced traders that are new to TopOption are eligible to receive a welcome bonus up to $500. A minimum deposit of $1000 is required.
- VIP – The seasoned investor may want to start with the VIP as the account offers a welcome bonus up to $5000. A minimum deposit of $2500 is required.(Note: We figured we would save visitors some time by acknowledging the ineligible countries for these bonus promotions which are: Bolivia, Brazil, Cuba, Cyprus, Ethiopia, India, Sri Lanka, Syria Arab Republic, Korea, Kenya, Israel, Democratic People’s Republic of Korea, Nigeria, Pakistan, Sao Tome and Principe, Malaysia, Myanmar, Tanzania, Thailand, Turkey, United States, Islamic Republic of Iran, and Puerto Rico.)