Top Binary Options Reviews and Best Binary Options Brokers

Top Binary Options Reviews and Best Binary Options Brokers

Binary options trading has become one of the most interesting and lucrative schemes for traders out there. Being easier to understand than other options, online binary trading has helped many low-skilled traders to earn some extra bucks.

While some trading platforms have higher payouts, others might have higher deposit bonuses. So, picking the right platform can be tricky, especially for beginners.

That’s why we’ve selected and reviewed some of the best binary option trading platforms for you. Check them out!

Source: Quotex Wiki - quotexwiki.com | Top Binary Options Reviews and Best Binary Options Brokers - https://forextradingblog.net/top-binary-options-reviews-and-best-binary-options-brokers-1019115

Top Binary Options Brokers Reviews And Best Binary Options Brokers

 

1. Quotex

 
Top Binary Options Reviews and Best Binary Options Brokers
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Quotex

Quotex was founded in 2020 that allows traders to take advantage of the market to trade multiple assets such as Binary Options, Cryptocurrencies, Commodities, and Indices
 
PROS:
  • High Payouts
  • No deposit or withdrawal fee
  • Free Demo Account available
  • Diversified trading products
  • Diversified accounts, classified by investors
  • Low Minimum Deposit Requirement
  • Comfortable Platform
  • Friendly and professional support
  • Chatbox and support staff are available 24/7
  • Platforms: Web, Binary Platform
CONS:
  • Non-regulated
  • No leverage
  • There is no quality education and instruments for analysis on the website

This broker is growing in numbers since the start of the year with over 4 million traders around the world, and over 100,000 trades per day have been recorded! Quotex accepts trader exactly from 249 countries that means from worldwide without any country restrictions, however, this broker is not available for persons under 18 years of age

Quotex is a binary options trading platform known also as digital options trading platform with a fast, responsive, and user-friendly interface without any country restriction that can suit every trade with a possibility to customize every single part of the chart, in addition of the drawing and indicators tools and motivating payout!

2. Pocket Option

 
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Pocket Option

Founded in 2017, Pocket Option is a regulated binary options broker that has quickly grown to 100,000 active users.
 
PROS:
  • They offer fast speed transactions
  • Prompt money withdrawal
  • The social trading platform generates passive income
  • Low threshold for entering the market at $5
  • Educational information and tools for new traders
  • Demo account, to help you learn the platform and market before investing real money
CONS:
  • Limited account funding methods
  • Mandatory identity and phone verification
 

They pride themselves on their customer service and offer excellent features for both new and existing traders. The company has developed unique online trading platforms to ensure stable trading.

Pocket Option is the choice if you need an excellent trading platform offering instant withdrawals and social trading. It provides quality services to profitable binary options trading while making the process convenient and straightforward. The minimum deposit on Pocket Option is $5, making the binary options market accessible to all. The site is easy to use and is available on the web, android, and iOS platforms. Their educational tools and demo accounts enable even new traders to learn the ropes before investing real money.
 

3. Binomo

 
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Binomo

Binomo is a popular binary options broker for investing.
 
PROS:
  • TNo hidden fees
  • It provides up to 49 different markets
  • Low minimum deposit ($10)
  • Free demo accounts available
  • Customer support is available in different languages 24/7
CONS:
  • Less market variety and lower yields
 

It offers CFDs, stocks, forex, and commodities, among others. The platform has been in the binary options trading industry for many years providing quality trading services for its users.

The platform offers a free demo account with $1000 of virtual money for traders who want to start with Binomo but are new to binary trading. They have low minimum trades for the online binary options brokers and accept different payment methods. With many markets to trade, this platform provides a higher return on investment. It has evolved and added new features to meet the changing consumer needs. This platform accepts international traders from different countries across the world.
 

4. Olymp Trade

 
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Olymp Trade

Olymp Trade is one of the largest binary options trading platforms, boasting a user-friendly interface making it easy to use.
 
PROS:
  • Multilingual customer service desk with 24/7 availability
  • Low min deposit of $10 to start live trading
  • Access to market news and analysis
  • It is a proprietary trading platform
CONS:
  • The platform does not support trade automation using trading software.
 

It is a licensed broker offering educational resources and analysis. With a free demo account, top-rated customer service, and bonuses, it’s no surprise this platform is a multi-award winner.

This binary options broker offers Commodity Futures Trading Commission, forex, and digital options trading over the internet. The service is accessible to anyone wanting to trade with lower amounts with only a $10 minimum deposit. With education a focus, they offer many educational services that support traders of all skills and knowledge levels. It has a user-friendly and straightforward interface that makes it ideal even for the most inexperienced traders. 

5. IQ Option

 
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IQ Option

With over 40 million users, IQ Option is one of the leading binary options brokers on the market.
 
PROS:
  • Low deposits fees
  • Their platform interface is easy to use
  • Good maximum payouts
  • Highly accessible to all players
  • Instant withdrawals
  • $10,000 practice account
CONS:
  • Limited market availability
 

They have over 250 assets to trade, including CFDs, commodities, and Securities and Exchange Commission. IQ Option offers a flexible platform that can be accessed through the web or one of their desktop or mobile applications.

This Cyprus-based company processes over one million trades daily. It is an excellent platform when starting with binary options before branching out into other options. IQ Option offers demo accounts,with10,000 dollars in virtual money to experiment and learn before trading real money. The platform provides advanced traders with risk management functions, including negative balance protection and trailing stops. Additionally, traders have access to news and educational materials to assist with their investments.

6. ExpertOption

 
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ExpertOption

ExpertOption is a new and rapidly growing online options trading platform with over 79 million users.
 
PROS:
  • It offers a free support manager for traders
  • There are multiple accounts for all budgets
  • Multiplatform available on any device (mobile or desktop)
  • Customer support is available in 15 languages
  • Offers over 100 assets to trade
CONS:
  • It has a maximum trade expiry of 15 minutes
 

It is easy to use and is accessible via their desktop or iOS and Android apps for smartphone users. They pride themselves on cutting-edge technology that makes trades fast with little to no lag time.

This binary options broker provides access to technical analysis tools and binary trading signals to help you make accurate price movement forecasts. Users enjoy free analytics online and a social feature to follow expert traders’ moves at no additional cost. ExpertOption has a high expected return of 96%, higher than competing platforms. They offer a demo account that allows novices to learn the basics of online trading risk-free before engaging in trades. 
 

7. Deriv

 
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Deriv

Deriv launched in 2020 by the team behind one of the oldest binary broker in the industry – Binary.com. (a company with almost 20 years of experience). As a broker that is regulated in multiple jurisdictions, Deriv is very upfront about its legal status and the companies that stand behind it.
 
PROS:
  • Well regulated
  • Good customer service support
  • The social trading platform generates passive income
  • Well-developed platforms
  • Innovative
CONS:
  • Not available in some countries
 

Deriv is a regulated broker that follows standard operating procedures and offers a navigable trading platform. The web and the mobile trading platform allows traders to enjoy seamless trading experience. The platforms are simple, user-friendly, yet competitive.

It offers the ability to trade and choose over 100 assets that include Forex, stocks, commodities, and indices. Also, it offers a good deal of binary options. The leverage of this broker is generous which is up to 1:1000.

8. Binarium

 
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Binarium

Binarium is a full Binary Options Broker established in 2012. You can bet on forex, cryptocurrencies, and commodities in one platform.
 
PROS:
  • Only 10$ minimum deposit
  • Free Demo Account with 10.000$
  • A huge range of different Binary Options
  • Fast execution
  • Comfortable Platform
  • Friendly and professional support
CONS:
  • They are not red signal forward
  • They don’t offer trade signals
 

The broker accepts traders from all over the world. They speak different languages and got a huge support team. In addition to that Binarium uses EU-Banks for its customer funds and the deposit and withdrawal methods are regulated.

 

9. Spectre.ai

 
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Spectre.ai

The Spectre.ai broker is registered as an international commercial company and started its activities under the regulation of Specter Trading Ltd in 2018. It is headquartered in the Griffith Corporate Center in Saint Vincent and the Grenadines. Spectre.ai provides trading services in the financial Forex market without the participation of a broker. The work is based on increasing the liquidity pool through crowdsourcing.
 
PROS:
  • The minimum deposit is $10.
  • Low floating spreads from 0.0 pips on popular currency pairs.
  • Availability of a proprietary WEB trading platform and a mobile version of the terminal.
  • The ability to open an account from your electronic wallet (e-wallet) without transferring funds to the brokers deposit.
  • API connection to increase the speed of received data.
  • Support for cryptocurrency trading.
  • No restrictions on the time of the transaction.
CONS:
  • Inability to reach out to technical support using a toll-free number.
  • The only proprietary terminal is not supported.
  • No trading on currency crosses and investment programs for generating passive income
 

Spectre.ai is geared towards efficiency, reliability, transparency, and accountability with its Ethereum blockchain-based trading platform. Although Spectre uses blockchain and smart contract technology, its trading platform is easy and convenient to use. Spectre.ai has had a good kick-off with its Smart Options and will add other financial instruments to its offering soon. This includes CFDs on commodities, stocks, and cryptocurrencies. Forex pairs (common forex trading) will also be available soon with super-tight spreads.

10. Binary.com

 
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Binary.com

Binary.com offers both CFD trading and binary options.
 
PROS:
  • Diverse platform for traders of all experience and skill levels
  • Trading available 24/7
  • Award winning platform
  • Available in most countries
  • They accept multiple payment options
  • Fixed odds trading
CONS:
  • Long average withdrawal time (5 days)
  • Limited bonuses compared to other platforms
 

 It is a regulated broker and one of the original platforms with a long-standing positive reputation. You can sell your contract before the expiry time to minimize your loss.

This binary broker offers multiple platforms, including Binary Bot, SmartTrader, and MTF. You can take advantage of their network based on your experience level and the ease of use is appealing to traders. The platform offers attractive return rates that can go as high as 1,000% on a binary options trade. They also provide great market options to trade with the most significant indices, commodities, and currencies.
 


Frequently Asked Questions (FAQs)

Are binary options gambling?

Not really; while binary options are structured similarly to bets, most organizations don’t consider them a form of gambling.

Is binary trading safe?

It can be safe depending on how you conduct your trades and how much money you put down in terms of Investments.

What is the best binary options strategy?

The most common binary trading strategies include directional and trend trading, where you look at the trend of an asset price to make a decision.

Are binary options easier than Forex?

Most people find binary options trading to be easier than forex trading because it isn’t malleable to the trader.

Are binary options brokers regulated?

All regulated binary options brokers are theoretically regulated by a financial services board or a financial industry regulatory authority such as the Commodity Future Trading Commissions.

How successful are binary options traders

Since they receive less than 100% of what they put down, you need to win more than 50 percent of the time to be successful.
This article is for informational purposes only and not meant to be financial advice. Please consult with a professional financial advisor.
 

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Source: Quotex Wiki - quotexwiki.com | Top Binary Options Reviews and Best Binary Options Brokers - https://forextradingblog.net/top-binary-options-reviews-and-best-binary-options-brokers-1019115