We have compared brokers and binary options platforms with the best control in May 2020 and created a list of top names. This broker and the platform have been checked by us to help you find the binary options platform. The best for beginners and experts The list of brokers that can be sorted below shows that any binary trading site that comes out on the top criteria.

How to compare brokers and platforms

In binary options trading, you need to participate in the services of binary options brokers that accept customers at BinaryOptions.net. We have produced all the best comparison factors that will help you choose a trading broker to open an account. We have watched popular questions or frequently asked questions and indicates that these are important factors when traders compare different brokers:

  • What is the minimum deposit? (These periods range from $ 5 or $ 10 to $ 250).
  • Are they controlled or licensed and any control?
  • Can I open a trial account?
  • Is there a signal and free service?
  • Can I exchange on my mobile phone and have a mobile app?
  • Is there a bonus for a new trader account? Terms and
  • What is the condition?
  • Who has the best binary trading platform? Do you want a high-profile chart with technical analysis indicators?
  • Any broker has the best asset list. They offer Forex, Cryptocurrency. Commodities, indexes and stocks – and how many items are there?
  • Which brokers have the largest time (30 seconds, 60 seconds, ending, long term, etc.).
  • How much is the minimum trading number or number?
  • What types of options are available (Touch, Ladder, Boundary, Pairs and others).
  • Additional tools – as well as the previous closure or plugin or METATRADER 4 (MT4).
  • Do they use robots or offer automatic trading software?
  • What is the customer service department? They provide telephone support, email and live chat – and in any country? Do they show direct contact details?

Who has the highest payouts or the highest return? Check the market you will trade.

We cover these comparison factors as much as possible in the list above. But we will penetrate in each review.

Controlled binary brokers

Rules and licensing are an important factor when judging the best brokers. The broker that doesn’t control is not scammed or not always trustworthy. But that means traders must do ‘More diligence’ before trading with them. The control broker is the safest option.

Leading regulators include: 

  • CYSEC – Securities and Exchange Commission of Cyprus (Cyprus and European Union)
  • FCA – Financial Regulators (UK)
  • CFTC – Derivatives Commodity Trading (US)
  • FSB – Financial Services Committee (South Africa)
  • ASIC – Australian Securities and Investment Commission

There are other regulators other than those mentioned above and in some cases, the broker will be controlled by more than one organization. This is more common in Europe where binary options are coming under an increase. Famous top brands will have some rules.

There are rules to protect traders to ensure that their money is correct and so they have a path to use in the event of a dispute. Therefore, it should be considered important when choosing partners.

 

Bonus

Both bonus registration and trial accounts to attract new customers Bonuses are often matching one-time payment deposits or free trade without risk. Regardless of the format of the bonus, there will be terms and conditions that must be read.

Spending time understanding those conditions before registering or clicking to accept bonus proposals. If the requirements do not match your preference, the bonus will lose any attractiveness. And the broker may not be the best option. Some bonus specifications are bonded with your first deposit as well. Should read the terms and conditions before accepting bonuses and should be noted that many brokers will give the option to ‘cancel’. Receiving bonuses.

The use of effective bonuses is more difficult than you think. If considering these offers, think about how it will affect your trading and how? One common problem is the circulation requirements that are in the requirements, often making traders ‘sell beyond’ if the bonus is not suitable for you to close it down.

Low minimum deposit

If you want to engage with binary options for the first time, low minimum deposit requirements may be of interest. For traders who want to try using binary options, low minimum deposit brokers may be the best. The small start deposit is low. The minimum deposit starts at just $ 5 and has an increasing number of brokers that offer a low minimum deposit – “low” will be any minimum under $ 50.

Similarly, all brokers will have a minimum trade requirement or the number of trades as well. These things may vary very much between the platforms. The minimum trade figures are in the range from $ 1 to $ 25, which is very different if traders plan to trade often. For some traders, this may be a few factors in terms of finding the best brokers for them. But for others it is very important. The practice account is a method that is not at risk of learning to exchange.

Payment

One element that many traders use to search for binary options trading accounts is the best percentage of payments according to the proposal. This is not always a comparison. Payment will change according to the reference assets that are traded and the expiration time of options. In addition, payment will change when the broker manages their own risks. Therefore, if one of the brokers used to be the best price, things may be restored. And means that other brokers have the highest payment

Therefore, what most investors can do is to check the payment for assets and expiration times that they often do and decide which brands offer the best conditions most often. The sample account is good when searching for payment for specific assets and trading.

Trading exchanges and over the counter brokers will have different payments – and they are not easy to compare. In general, the exchange trading options are superior. NADEX is one example of the exchange.

So as you see the best trading accounts and brokers are not always easy. But it is worth noting that you are free to move between brokers every time you want. Therefore, even if the account becomes a poor person, it’s easy to stick and search for a new trading company. Traders can have many accounts and open trading at the broker with the best conditions for that trade.

What is the best binary trading platform?

Naming the best trading platform is not easy, just because the proprietary trading platform (Bespoke) is a question of personal taste. One user may like simple layouts while others may need a lot of information on the screen all the time.

However, the platform has different quality levels, both in terms of intuitiveness and features. Brands that offer Contracts for Difference (CFDS), in addition to binary options, then provide trading platforms that have more variety of features or advanced software.

Therefore, the Likes of NADEX and IQ will deliver a very professional trading platform. The integration of MetaTrader is also provided by more professional brokers. (Some people use both MT4 and MT5 functions). The difference in this quality is the evidence of determining binary options as a product. But the binary brand will be quick.

How to make money

Binary options brokers make money through one of the two business models:

  • As a partner, make sure that there is a ’round’ through the payment percentage, known as ‘Over The Counter’ (OTC).
  • Pass the spread or commission in the trading trading model.

Those who have experience in trading other forms and are currently approaching the securities broker through the counter (OTC) for the first time. May find yourself asking questions: “Where is the broker?

However, with OTC binary, there is no commission. In theory, the word ‘broker’ is not accurate, binary companies do not prepare an agreement or act as a mediator or as a liquidity administrator; Therefore there is no fees or commissions for trading But each customer will bet on the house In the event that the broker is traded on both sides Payment continues to provide coverage levels. In some situations, the broker will protect the risk manually to reduce the risk.

Those companies (NADEX, etc.) that trade binary options through exchange operations more than ‘broker’, unlike the OTC market, the platform is a partner with a trading option for exchanging brokers as an intermediary, matching the buyer with the person. Sell ​​and collect commissions In general, this cost will be hidden in the spread instead of a clear cost. There are very few risks related to the broker. Therefore, in general, better returns per trade for traders. The broker can actively compare it using spread-to-spreading spreads. (The difference between the purchase and sale price) is cheaper for commercial purposes.

You should use many brokers

There is a very good argument for having more than one binary trading account:

  • Brokers are suitable for some trading. Different brokers are suitable for different trading styles or trade types. Therefore, one of the brokers may be excellent for short-term trade types and have good pay for forex pairs, but the same brand may be slightly less when talking about the boundaries or payment index offering. If the competitors have a maturity period that has a large amount of payments and options of many trade scope – appropriate to have an account with both platforms and trading with brokers that offer the best trading for each trading.
  • Sample account Multiple accounts are complete – you want to try as brokers and trading platforms as much as possible before deciding where to trade.
  • Reduce account risks that more than one broker protects you from any problems with any company. Since serious problems Until bankruptcy until small matters, such as the downtime of the website, software or market issues that have been closed – multiple accounts help reduce risk Your will be affected by any difficulties that the broker may suffer.
  • Multiple offers Each subscription may mean a new bonus, so it should use more than one account to receive all offers. As always read the requirements – and please note that sometimes many deposits may mean larger bonuses. Therefore, separating that money may not be the best choice.

Exchange with OTC brokers (on the counter)

The broker proposes that exchange is closer to the traditional ‘broker’ over the OTC broker. Exchange acts of ‘Mediator’. They will match the asset vendors with the same asset buyers and charge commissions for making a mutual agreement. The market will determine the price – if there are more sellers than buyers, the price will float until the demand will increase. If there are more buyers than those who are willing to sell, the price option will increase.

The broker performs the exchange, and does not know who will win and who will lose. They do not have the risk of self-trading. (Unless the trader is trading with credit) The broker will trade regardless of the results.

Due to this reduced risk for the return broker for winning traders, it is larger. Commission is usually small compared to the size of the trade, which means that they will not affect too much money. Other benefits include the fact that stopping losses can be used and trading that can be closed at any time. 

Complications from the exchange are from the structure. Binary options trading exchanges will “trade” somewhere between 0 to 100. Where 0 is the numbers used in the event that there are no events and 100 places that happen. If the current price is 30 ‘buyer’, it is 30 times the risk of his trading size in order to win 70, so ‘seller’ is therefore a risk of 70 to win 30 while not a complex equation. Slightly complicated Straight forward more than the counter option.

Over The Counter Broker

The most common type is the Over The Counter (OTC), but this type of company is not a ‘broker’ truly. They are one party to another side of the trade. Therefore, when the trader is open, the broker will be the winner. Or lose money, depending on whether trading, win or lose. Only the broker has other traders who have exactly the opposite trade. They will get profits.

Due to this increasing risk, the broker will offer a lower payment which will help reduce the risk of occurrence. Therefore, it should be lower than the exchange broker. Some companies will create a mechanism to prevent risks to reduce risk. In some cases, one trade may not be available if the liability is too large.

The simplicity of binary options is stored with OTC brokers. They also have a huge advancement in the competition with exchanges by offering the ‘cash out’ option so that traders can close the previous status and set up. Stop loss When those properties become common, the gap between OTC and the exchange will be reduced. For now, traders are better than exchanging trading – but may be advised to learn differences through a trial account.