Top Rated Binary Options Brokers

The binary options market is growing at a fast pace as it offers a number of benefits to traders. The relatively new financial instrument enables investors to earn large returns on the small investments that they make. As the investment is low, risk is also low. Moreover, many binary brokers refund a part of the money invested in a trade, if the trader’s prediction is wrong and the contract expires out of the money. Further, the trader will have complete information, prior to the purchase of a binary options contract, as to how much he/she will earn if his/her prediction is right or lose if his/her prediction happens to be wrong. However, traders will have to work with top rated binary options brokers in order to succeed.

How to Choose A Top Rated Binary Options Broker

One of the first and foremost aspects to be considered when choosing a binary options broker is regulation. Though the binary options market is largely unregulated, nations around the world have started implementing a regulatory framework in view of the tremendous growth the market has witnessed since its inception in 2008.

It is always better to work with regulated binary options brokers as it ensures some amount of safety for investors. However, it is not wise to worry too much about this because top rated binary brokers, whether regulated or not, maintain clients’ funds in segregated accounts and stick to best practices of running a business.

The next most important factor to be considered is customer service. Time is the essence of binary options trading and the trader will have to often contact the customer services department of the online platform provider for trade related inquiries. Customer service personnel of top rated binary options brokers provide prompt and quick response and make available different channels of communication such as telephone, live chat and email.

Instruments offered for trading and risk management options provided by brokers are also to be taken into account before choosing the right platform to carry out binary trades. Top brokers make available a wide range of trading instruments so that the trader can choose those that best suit his risk appetite as well as trading style. Typically, the instruments offered by online binary brokers include the traditional high/low, one touch, boundary, 60 seconds, options builder and high yield options, among others. As far as risk management tools are concerned, they include early closure, rollover and double up.

Trading software, which powers the platform provided by a binary option broker, should be such that it is user friendly. Traders should be able to carry out their activities without any hassles. Traders who are always on the move should look for brokers who make available apps that can be used on mobile devices such as tablets and smartphones.

Minimum amount to be deposited to start trading, withdrawal policies of the broker and payouts for in-the-money trades that the broker promises are some of the other factors to be considered when choosing a platform. Additionally, the broker should allow you to deposit funds in a currency of your choice, provide different money transfer options (both for deposit and withdrawal) and offer at least 70 percent profit payout for in-the-money trades and a refund of 10 to 15 percent for out-of-the-money trades.

Key Information About Some Top Rated Binary Options Brokers


24option binary options broker review

Founded: 2010
Headquarters: Cyprus
Regulation: CySEC
Platform: Powered by Tech Financials
Profit payout: Up to 89%
Refund for out-of-the-money trades: Nil
Minimum deposit: $250
Currency options: USD, JPY, GBP and EUR
Deposit methods: Credit Cards, MoneyBookers, Wire Transfer, Western Union and Cash U
Instruments offered for trading: high/low and above/below; touch/no touch and high yield touch; boundary and high yield boundary; 60 seconds, 2 minutes and 5 minutes
Risk management tools offered: Early closure
Assets offered: 19 indices, 30 currency pairs, 43 stocks and 11 commodities
Withdrawals: the minimum withdrawal amount is $10; one withdrawal per month is free; additional withdrawals are charged at $30 per withdrawal
Customer service: email, live chat and telephone binary options broker review

Founded: 2013
Headquarters: Malta and Isle of Man
Regulation: Malta Financial Services Authority
Platform: Proprietary platform
Profit payout: varies from 60% to 110% depending on the type of contract
Minimum deposit: $5
Currency options: USD, GBP, AUD and EUR
Deposit methods: Credit/Debit card, Clickandbuy,, Skrill, Instadebit, Neteller, QIWI, Ukash, Western Union, WebMoney and bank transfer
Instruments offered for trading: Up/Down, Touch/No Touch, Ends In/Out, Stays In/Goes Out,
Assets offered: 18 indices, 30 currency pairs, 34 stocks, 5 commodities and 12 Randoms
Withdrawals: There is no charge for the withdrawal of money from account.
Customer service: email, live chat and telephone

IQ Option

iq option broker review

Founded: 2013
Headquarters: Cyprus
Regulation: CySEC
Platform: Proprietary trading platform
Profit payout: Up to 92%
Refund for out-of-the-money trades: Nil, However, if the price of the underlying asset at the time of expiration of the option contract is the same as the strike price of the asset, the broker would return the value of the option to you.
Minimum deposit: $10
Currency options: USD, JPY, GBP and EUR
Deposit methods: Bank Wire Transfer, Credit Card, Credit Card deposit over phone, Multi Banco, Neteller, PayPal, QIWI, Skrill, Webmoney, Yandex.Money and Boleto
Instruments offered for trading: As of now only the classic High/Low binaries
Assets offered: 6 indices, 22 currency pairs, 49 stocks and 1 commodity
Withdrawals: Minimum withdrawal amount is $10; there are no charges on withdrawals, but payment systems/payment aggregator may charge commissions for transactions
Customer service: email, live chat and telephone

Summarizing, these are only a few of the top rated binary options brokers in the market. This is not an exhaustive list. You will find more information about these as well as others on our website. It is recommended that you carry out your own research before signing up with any of them. This is important because you must make sure that what they offer will suit your specific needs. Further, it will help you in achieving success as a binary options trader.

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