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Top Rated Binary Brokers – 2020
Although they were only introduced in 2009, binary options brokers have taken Forex world by force. But with the fleet of binary options trading brokers expanding regularly, traders may need help determining which ones are the best. We’ve tested dozens of brokers and have compiled our findings into these comprehensive binary options reviews.
Our binary options reviews are based upon our in-house testing of each broker. We recorded our experiences with the trading platform, customer service and ease of use each broker, and we listed the minimum deposit, languages available and other critical information to help you make an informed decision. Find the right binary options broker now!
US-based traders can take advantage of our top US Binary Options brokers list.
|Broker’s Name||Minimum Deposit||Deposit Bonus||Maximum Gain||Minimum Position||Regulation||More Info|
|$250||50%||85%||$20||CySEC||Visit site||$5||30%||None||None||None||Visit site||$200||None||81-85%||$5||CySEC||Visit site|
|5||$1000||Up to 100%||86%||$250||None
Binary Options Brokers Reviews
For those looking to trade something familiar and exciting from the comfort of their home, Stockpair may be the perfect broker. Stockpair was founded in 2020 and is regulated by IFSC out of Cyprus. Much like Forex trading which pits one currency against another, Stockpair allows traders to trade binary options or stock pairs against each other on straightforward, technologically advanced binary and stock option platforms. There are some generous bonuses at Stockpair that are worth checking out.
Ayrex is a binary option broker established in 2020 and operated by Advanced Binary Technologies Ltd. Its main office is located in St. Kitts and Nevis. Ayrex believes that simplicity is the way to go and they have built their website to make it as easy to navigate as possible. This simplicity is extended to the trading platform which has a user-friendly interface with simple Call and Put buttons, ultra-fast trade execution, flexible trading, and a wide variety of trading tools.
10Trade is a binary options brokerage owned by Holiway Investments Limited. Holiway was one of the first companies to offer its clients a fully licensed and registered binary options program with regulation by the Cyprus Securities and Exchange Commission (CySEC). Its customer support is responsive 24/7 via Chat, email or toll free phone numbers and representative are around to provide personal guidance for every trader. Both support and the platform are available in 11 languages.
Option500 is a binary option broker domiciled in London, U.K. offering traders the opportunity to trade currencies, stocks, commodities, indices and pairs. Option500 has offices in several locations and offers customer service 24/7. It opened its doors in 2020 and has already received several awards for outstanding service. The layout of Option500 is clean, informative and easy to understand. The tools, resources, charts and asset listings are of good quality and high standard and are conveniently located on the site. There is quite a lot of educational material with a wide variety of videos and a Trading Academy for holders of the Pro account.
Boss Capital is a relative newcomer to the binary options market but it has already become a leader in a very short time. Domiciled in the United Kingdom, Boss Capital maintains satellite offices in close to thirty different countries across the globe. They offer over 200 assets for trading including binary options on commodity futures such as Platinum, Gold, Silver, Corn, Coffee and sugar and is one of the few binary options brokers that offer boundary options which are great for trading economic releases.
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Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.
Best Binary Option Brokers 2020 – Top5
Online binary options traders will agree that choosing the right broker is one of the important things you can do to increase chances of succeeding as a trader.
There are hundreds of brokers to choose among. However, finding the best options broker will require you take into account various factors.
These include considering things like whether they’re fully regulated, payment methods accepted, financial instruments on offer and minimum trading amounts among others.
Best Binary Options Brokers 2020:
But sifting through dozens of brokers to find the right one for you could require several days of online research. To allow you to cut down on this time, we’ve created this detailed review.
10 of the best binary options brokers operating online today.
Each broker was selected based on several criteria. These include:
You can also click on a specific broker to read a more comprehensive review of the broker.
So here it goes.
This is one of the new entrants in the binary options market. Launched in 2020, Olymp Trade has its headquarters in Russia.
This options broker is regulated by the Financial Markets Relations Resolution Center (FMRRC). They’re also a member of the International Financial Commission (FinaCom).
Getting started with Olymp Trade is easy because the broker offers a demo trading account with RUB 10,000 virtual cash. The broker accepts payments made via wire transfer, credit card and eWallets like Skrill.
If you decide to join this broker, you will need to choose between a Standard Account and a VIP account. For the Standard Account, you’ll only need to make a minimum deposit of $10.
For a VIP Account, you’ll need at least $2000. The minimum you can invest in a single trade is $1 and you can earn an effective return of up to 90%.
Each trade can run for as long as 1 hour and losing trades can be exited at any time to minimize losses. Their list of tradable assets is currently under 20.
Withdrawals are processed fast and will usually reflect on your account within 5 days. Currently, Olymp Trade is most popular in the following countries: the Russian Federation, Thailand, Brazil, Indonesia and Turkey.
Prior to starting a discussion on how you can trade binary options using the underlying assets in each of the asset classes, you must know that irrespective of the wide variety of trades available, binary trades fall into one of the following three categories:
A relatively young method of making trades has hit the Financial Market in recent years. It goes by several names which has drawn the fresh crowd of investors, as well as the experienced ones, to give it a try. Also called Digital Options, or Fixed Return Options, the terms of the trade cannot be changed and needs to be executed once it has been set.
The name it is best known for is Binary Options Trading. As the name suggests, an investor gets to make two decisions between two options that would bring immense profit to his portfolio. A far cry from the traditional Options, it appeals more to the newcomers because of the challenge it presents. If in the former, also called Vanilla Options, traders are not compelled to buy or sell assets at any given time, with the latter an expiry time is involved. Imagine the adrenaline rush one feels when predicting only one of two outcomes: if the price of an underlying asset will increase or decrease after a predetermined time. Add to that is the appeal that one can invest for just a little amount to start a transaction.
There are just three simple steps to consider if you want this method to work for you.
Choose a Trade Expiration. Select the expiry time that a contract ends.
Choose CALL or PUT. Select the Call/Buy button if you predict that the price of an underlying asset will end above its current price. If otherwise, select the Put/Sell button if the price will end below the current price.
Collect Your Profits. IN THE MONEY means you make a profit at the end of marketing day, OUT OF THE MONEY means you still get back something in return even if the negotiation did not end the way you reckoned it will.
Binary option trading is gradually gaining more ground in the place of main-stream trading. Unlike its conventional version the place where a purchaser must evaluate therefore several things before participating in business, it’s easy and nearly everyone can participate in it. This simplicity causes it to be well suited for people seeking to invest some cash available on the market even when an individual doesn’t have substantial information.
AnyOption Broker Review
AnyOption is a brokerage company, operated by Ouroboros Derivates Trading Ltd.
AnyOption entered binary options industry very early, in late 2008 and since then, they offer trading services on global market, including South Africa. They are one of the trustworthy brokers in binary industry and therefore, we decided to add them to our broker list.
In this AnyOption review, we will provide our readers with detailed information regarding:
This broker is closed.
AnyOption Trading Platform
Unlike majority of binary brokers, AnyOption uses its own proprietary software that provides South Africans different experience while trading binary options. AnyOption platform is simple to use and traders shouldn’t have any difficulties while searching for needed information.
In upper part of trading platform, South Africans can click on My Account tab and have an overview of banking history, as well as how to deposit and withdraw funds.
During AnyOption review, we discovered this broker is by FSB authority in South Africa! FSB reg.no is FSP 42020.
Minimum deposit to start trading with AnyOption is $250. Max.return possible can go up to 80%.
Minimum investment is set to $25 and maximum $20000. Traders should also know that AnyOption enables depositing in different currencies, such as: USD, EUR, RUB, GBP, TRY and SEC.
For more details on trading features, read further in AnyOption review.
Tip: Consider IQ Option instead – the best regulated broker for South African traders with a minimum deposit of only $10!
AnyOption Trading Features
Once South African traders sign in, they will get access to the platform and a variety of trading features they can use to maximize profit in binary options trading.
Under Option Trading tab, traders can find a list of available trade options: High/Low, One Touch, Bubbles, Dynamics and Option+.
Available expires time that AnyOption offers on its own platform are: 15 min, 30 min, 1 hr and 24 hr+.
Bubble options are a new way of trading binary options. With Bubbles, traders have opportunity to imagine their trades in a bubble, that is shown in the chart.
South Africans can adjust preferred asset, trade amount and time of expiry. Next step is to draw a bubble and if the price interacts with this bubble, ongoing trade will be profitable.
Our AnyOption review shows that traders can trade with more than 200 different assets. Underlying assets can be sorted in 4 categories: stocks, commodities, currencies and indices.
The complete list of assets can be seen in Asset Index, available on trading platform.
As a popular service that AnyOption has implemented is mobile application. As seen while we did AnyOption review, this broker offers mobile app that can be downloaded from both App Store and Google Play.
With AnyOption mobile app, binary options trading can be executed on smartphones and tablets. Mobile trading enables South Africans to trade binary options from anywhere. anyOption mobile app offer real time trading and a selection of assets and features, just as on regular web-based platform.
AnyOption Customer Support Service
Our AnyOption review revealed us they offer one of the best customer support we had opportunity to use.
AnyOption broker offer assistance via web form, email [email protected] , live chat and phone number for 15 countries, South Africa included (0800 982 374).
We tried live chat option and were satisfied with an instant answer and help, provided by customer agent.
One thing worth mentioning that AnyOption customer support works 24/7!
In case of any specific issues, South African traders can easily get in touch with particular department, including queries related to technical department, registration, banking, investments and general queries.
Also, AnyOption offers trading platform that is available on amazing 15 languages: English, German, French, Spanish, Russian, Italian, Danish, Swedish, Norwegian, Finnish, Greek, Portuguese, Japanese, Turkish, Arabic, Indonesian and Malay.
AnyOption Banking Info
AnyOption works constantly into keeping all traders’ funds safe. During AnyOption review, we learnt that this broker uses encryption technology that protect all personal and finance data of registered traders.
With AnyOption, traders can deposit via following payment methods:
To either deposit or withdraw funds, South African traders can go on My Account and select Deposit or Withdrawal button.
However, before making any transactions, traders should submit few documents first, including copy of photo ID and proof of address. As seen during AnyOption review, for withdrawals to be executed, traders need to submit withdrawal request, which can be processed in few days.
Available currencies are: USD, EUR, GBP, RUB, TRY and SEK. This broker provides opportunity to withdraw minimum amount, which is equal to invested minimum deposit. In case of withdrawals of smaller amounts, a fee will be charged.
For more details regarding banking info, we advise our readers to read General Terms. Also, South Africans can easily contact customer support, that are on their disposal 24 hours per day.
Best Binary Options Brokers 2020: