Most Reputable Binary Options Brokers

binary options tradingThere are more than one thousand online platform providers for trading binary options, but only a few of them can be included in the list of most reputable binary options brokers. You need to work with legitimate brokers with the best of reputation in order to avoid scams, earn profits and achieve your financial goals. It is, therefore, essential that you spend some time and effort so that you can carefully choose right binary options broker to work with.

Regulation is an important factor to be taken into consideration when choosing a broker with the countries around the world in the process of setting up legal framework for regulating the binary options market. However, this is not the only factor to be considered. You should also determine as to whether they are reputable and legitimate. This is because you will come across un-reputable platforms with regulatory approval and reputable brokers without regulatory approval.

Further, there are some other aspects as detailed below are also to be considered:

Does the broker disburse payouts consistently on a timely manner? You should never deposit funds with a platform provider that has a history of irregular payouts.

Are the returns offered competitive? You should never invest your hard earned money if the returns promised are not the best in the industry. It is, therefore important to identify a few of the most reputable binary options brokers and compare the returns offered by them. You can then choose to work with one that pays the best returns.

What types of binary trades does the broker provide to you? Most brokers commonly provide the Up/Down or High/Low binary options. If you want to trade other types of binary options such as the One Touch or the Range, then you may have to find brokers that provide such options.

What types of assets are made available for trading by the broker? Some binary options brokers offer more assets than others. You should go through the list of assets offered by the shortlisted brokers and choose broker that offers the assets that you want to trade in. Typically, the selected broker should be offering assets from all asset classes like stocks, currencies, commodities and indices from around the world.

Does the platform provider offer the services of a Personal Account Manager to account holders? If you want someone to walk you through your trades or discuss your trades, then you must choose one that offers those services. For example, 24option offers the services of personal account managers. Irrespective of whether you are a newbie or not, you are provided with the services of an account manager who will work with you.

Keeping all of the points discussed above in mind we have shortlisted a few of the most reputable binary options brokers so that you can start your research and quickly choose a broker that best suits your needs. Here are some details about five of the most reputable binary options brokers to work with in 2016:

Broker Min.Deposit Features Score Visit Site
Binary.com $5
  • Min.Deposit : $5
  • Regulated By MFSA, MGA, MiFID
  • Deposit Options: Credit/ Debit Card, Wire Transfer, WebMoney, Skrill, Netteller, Indonesian Local Deposit
  • Payouts : 80-90%
9.7Review Visit Site
IQ Option $10
  • Min.Deposit : $10
  • Deposit Options: Credit Card, Wire Transfer, Skrill, Qiwi, WebMoney, CashU, iDeal, Fasapay, Neteller, Boleto
  • Payouts : up to 91% **Amount to be credited to account in case of successful trade*
9.7Review Visit Site

** Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.*

IQ Option

IQ Option was established in 2013. The company, regulated by CySEC, is owned and operated by Iqoption Europe ltd in Cyprus. They take a “no frills” approach and offer binary options trading mainly to Russians and do not entertain clients from the US.

Trading platform: Proprietary platform that supports multiple languages
Demo platform: Available
Mobile enabled: Yes
Trade Types: Classic High/Low binaries
Payout for successful trades: Up to 91 percent **Amount to be credited to account in case of successful trade*
Account types: Real/VIP
Minimum deposit: USD10/USD 1000
Withdrawal: Minimum USD10
Asset Index: more than 500 (Commodities, Currencies, Indices, Stocks)

24option

24option, based in Cyprus, started its operations in 2010. The company is owned as well as operated by Rodeler Limited. Rodeler is authorized and regulated by the CySEC. US Traders cannot open an account on 24option platform.

Trading platform: TechFiancials platform that supports multiple languages
Demo platform: Available
Mobile enabled: Yes
Trade Types: High/Low, Above/Below; One Touch – Touch/No Touch and High Yield Touch; Boundary and High Yield Boundary; Short Term – 30 and 60 seconds, 2 minutes and 5 minutes
Payout for successful trades: Up to 89 percent
Account types: Standard, Silver, Gold, Platinum and Diamond
Minimum deposit: USD250
Withdrawal: Minimum USD10
Asset Index: Total 103 (Commodities – 11, Currencies – 30, Indices – 19, Stocks – 43)

Binary.com

BetOnMarkets.com, established in 1999 and based in Malta and the Isle of Man, was rebranded as Binary.com in 2013. The company, owned and operated by Regent Markets Group, is regulated in both Malta and the Isle of Man. This broker also does not allow US traders to open accounts on their platform.

Trading platform: Proprietary platform that supports multiple languages
Demo platform: Available
Mobile enabled: Yes
Trade Types: Rise/Fall, Higher/Lower, Touch/No Touch, In/Out, Asians and Digits
Payout for successful trades: Up to 110 percent
Account types: One account only
Minimum deposit: USD5
Withdrawal: Minimum withdrawal amount not specified
Asset Index: Total 68 (Commodities – 7, Currencies – 13, Indices – 19, Stocks – 29)

Banc De Binary

Banc de Binary, a Cypriot enterprise, was founded in 2009 and is affiliated with ET Binary Options, BO Systems and BDB Services, incorporated in Israel as well as the Republic of Seychelles. The privately held investment firm is headquartered in Limassol, Cyprus. Banc De Binary obtained the license to operate as an investment from the CySEC in January 2013.

Trading platform: Proprietary platform
Demo platform: Available, but can be used only for a limited period after the first deposit
Mobile enabled: Yes
Trade Types: High/Low, Pairs, Long Term and Sixty Seconds
Payout for successful trades: Up to 88 percent
Account types: Bronze, Silver, Gold and Lion Premium Account
Minimum deposit: USD250
Withdrawal: Minimum USD50
Asset Index: Total 173 (Commodities – 8, Currencies – 25, Indices – 43, Stocks – 97)

Anyoption

Anyoption, the binary options trading platform founded in 2008, is operated by Ouroboros Derivatives Trading in Nicosia, Cyprus. Ouroboros Derivatives Trading obtained its regulatory clearance from Cyprus Securities and Exchange Commission towards the end of 2012.

Trading platform: Proprietary platform
Demo platform: Yes
Mobile enabled: Yes
Trade Types: High/Low, Option +, Binary 0 to 100, One Touch and Long Term
Payout for successful trades: Up to 71 percent for in-the-money trades and up to 25 percent for unsuccessful trades
Account types: One account
Minimum deposit: USD200
Withdrawal: At least the deposit amount specified for your country; there is a fee to be paid if the withdrawal amount is lower
Asset Index: Total 109 (Commodities – 4, Currencies – 17, Indices – 27, Stocks – 61)

Leave a Comment