The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!
The best binary options brokers of the second half of 2020 (rating and top 10 of the best binary trading brokers in 2020)
The best binary options brokers of 2020: rating (top 10 of the best brokers)
|The best binary options brokers of the second half of 2020|
|1||10$||1$||Broker review||Official site|
|2||10$||1$||Broker review||Official site|
|3||50$||1$||Broker review||Official site|
|4||10$||1$||Broker review||Official site|
|5||9$||1$||Broker review||Official site|
|6||10$||1$||Broker review||Official site|
|7||50$||5$||Broker review||Official site|
|8||10$||1$||Broker review||Official site|
|9||10$||1$||Broker review||Official site|
|Broker:||Review:||Regulation:||Min. Deposit:||Yield:||Advantages:||Open Account:|
|1. IQ Option||(5 / 5)
|CySEC (EU)||10$||up to 100%+|
Huge range of assets
High Yield 92%
High Yield 87%
High Yield 95%
Trade with cents
Huge range of assets
Binary Options is a financial instrument to trade worldwide assets with the possibility of a high return on investment. It is like betting on rising or falling markets. There are only 2 options, that is why it is called “binary”. You can win a high return of 75 – 95% in a selected time horizon or you lose the amount of your investment. It is so popular because it is a way to trade the markets very fast (5 minutes or less) and easy. I have to mention here you can trade it longterm too.
For more information about the financial product and how it works read the article: “How are Binary Options are working?”
The criteria of the Binary Option Broker Review 2020
If you looking for a good broker, you should following the next steps when you check the company. Sometimes traders get scammed by a bad and criminal broker. With this review and comparison, we try to prevent it. Furthermore, Binary Options are very risky. You only should invest money, which you can afford to lose. You can check the following criteria for finding the best company.
Criteria for a good and reliable Binary Options Broker:
- The official physical address of the broker
- Regulation or license
- Free Demo Account
- Experience in the markets
- Good support and service
- High asset profit and fast execution
- User-friendly trading platform
- A platform for mobile trading
Reliability of a broker and safety for traders
It is important to look at how long the broker has been on the market. I easy checked it on the homepage from the financial companies. A good broker provides you with all the information which you want to know. Some companies got an international regulation or license. Also, this is good for reliability. In addition to that, I checked the address of the brokers in this review. As a trader, you want to see clearly an official address of the company. At latest a trader should trust a broker. If you are not sure, just invest a less amount of money first and check the platform by yourself.
Official regulation and license are very important
High payout and asset return of investment for Binary Options
One of the most important point to consider is the asset profit. The average of the payout in this review is 75-95% for each Binary Options trade. There are differences between the brokers. Every trader wants to make a high profit in trading. If one broker got less asset profit like – 5%, this can be a huge restriction to you possible profits.
Moreover, every time the payout depends on the traded asset. Normally the broker provides the highest payout on the most traded asset. In addition, the payout can dependent on the expiration time too.
Which broker provides the highest profit?
Free and unlimited Demo Accounts are necessary for every trader
The broker should provide you with a free demo account. This is an account with virtual money. It is made to practice the financial product and to test the trading platform. You can trade Binary Options without any risk with this virtual money. It is completely free to use. Also, traders can develop new strategies or improve their trading skills. Advanced traders or beginners try to trade new assets for the best success with this account.
Open your free demo account now.
On the other hand, sometimes the broker gives its traders trading tips for analysis or strategies. The demo account is perfect for practicing that new knowledge. Trading is very complex and often it is not easy to find the right way. This is the main reason for using a demo account. Most traders gain experience first before they invest real money. With own experience, it is possible to get a high profit with trading in the right direction.
How to open your real account
The opening of a real account should be as easy as the opening of a demo account. In most cases, it is very easy and fast. The broker requires some additional documents and data of the trader to proof their personality. Upload a picture/copy of your passport. Sometimes they require a utility bill. The broker will check the documents and verify your account in less than 24 hours. Important information: The broker only withdraws full verified accounts. (Not every broker requires this documents)
What do you need:
- Data: Full name, address, birthday, phone number
- Picture/copy of your passport
- Sometimes picture/copy of a utility bill
Review of the Binary Options Brokers support and Service for traders
As a trader, you need good support and service. Most brokers are showing experience and knowledge in Binary Options. The Binary Options Brokers in this review give you the best and fastest support. According to that, they give traders sometimes a good education with webinars, videos or strategies. For beginners, it is important to learn theoretically about Binary Options. It is a risky financial product.
You can learn the basics and advanced trading knowledge in webinars with experts. The most brokers first show you the basics like functions of candlesticks and the use of technical indicators. Usually, a trading platform offers more than 30 different indicators. Sometimes it is hard to find a good working strategy with them. In addition, they give you some advanced knowledge and information to rule the markets. Most brokers offer you a better education if your deposit is higher (see account types).
Another option of service is account types. For big traders with high deposits and high trading volume, some brokers offer different account types. As a trader, you can get great advantages. They offer you higher yields, better support, bonus or a cashback program. This is a way to get more profit in trading. For example, the broker offers you a higher asset profit of 5%. That can be very helpful.
The companies in this review offer you:
- Chat support
- Telephone support
- Email support
- Education centers
- Webinars, videos, strategies
- Account types
- Account managers
Diversity of assets and test of the Binary Options trading platform
I tested the trading platforms of the Binary Options Broker Review. In conclusion, they are very good and innovative. They give you a very good reaction rate which is important for short-term trading. You can use them for your computer or as an app for your mobile phone. In addition to that, they are very flexible and customizable. Use different indicators for the best strategies. As you see in the picture below I am using Bollinger Bands and the RSI. They are very popular.
First of all the trading dashboard is the most important point of the trading platform. You should be able to switch very fast between different expiry times and create new trades. Some strategies are designed to have multiple trades open at the same time. The brokers in my review provide you the fastest execution time. Secondly social trading very popular. In some trading platforms, you can copy the best traders of the broker and make an automatic profit. They show you transparently what they are trading and you can start copying them.
Another important point is the flexibility of the platform. An app should be available for mobile trading. On most platforms, you can customize the chart very easy. Thanks to the digitization, platforms are getting better and the brokers always try to improve them. Use free indicators and technical tools for your analysis. Moreover, you can use the newsfeed to trade exactly high volatility. Market news occurs every day – Why not use them to make money?
Facts of the Broker Review:
- Fast execution for your trades
- Use indicators and more
- Apps for mobile phone
- More than 50 different assets
On the most trading platforms, you can trade Binary Options with forex, stocks, cryptos, and commodities. There is a big diversity of assets for you. The yields depend on the category of the asset. More often than not the most traded asset gives you the highest yield. You can easily see that on the platform.
Weekend Trading (OTC) and Cryptocurrencies (Bitcoin and more)
Each broker in this list provides the service to trade on the weekend. The platforms are open 24/7. Weekend trading is allowed and advocated. On the weekend you can trade Cryptocurrencies like Bitcoin, Ethereum, Ripple and Forex OTC charts. Cryptocurrencies are traded decentralized and the stock market is open 24/7 for them.
Especially attention should be paid to the OTC Forex charts. Normally the stock exchanges are closed on the weekend but the international internal bank market is working. The volatility is much less than in the normal working days Monday – Friday.
The first steps for your Binary Options success:
- Learn the Binary Options basics. Information for trading Binary is available at the broker platform or the internet. For questions, there are certain forums available.
- Develop a successful strategy. Most brokers will help you to find a way to trade successfully.
- Use the Demo account. It is an account with virtual money. So you trade without risk the markets.
You should ask yourself these questions:
- What do I want to achieve with the trading of Binary Options?
- How much I want to invest?
- Where, on which market I want to trade?
- How do I react to losses?
- What are the chances of winning?
Deposit and withdrawal by a Binary Options Broker
Nowadays the deposit is easy like the withdrawal. Most brokers only need a small amount of money to open your real account and give you access to the market. Capitalize your account in few seconds with a credit card, bank wire, cryptocurrencies or other e-wallets. Today it is very simple. The withdrawal systems are working very good too. Sometimes it is fully automatic. Most companies payout in less than 24 hours. In addition in a lot of cases, there are not any fees for you. Another important fact is brokers only withdrawal verified accounts. So get your account full verified with the right documents as mentioned before.
Bonus Programs and conditions for traders
Bonuses are very popular in the section of Binary Options Brokers. Most companies offer a deposit or a no-deposit bonus. There are a huge diversity of promotions for traders. Mostly the bonus depends on the deposit amount or you can choose it manually. For example, some brokers offer a bonus of more than 200%.
It is a good way to top up your trading account balance and earn more money. You can trade with more risk and grow faster your account, but you should not forget the bonus conditions. Every time there are requirements for the bonus. For example, you do a deposit of 5000$ to your broker and trade with sensible money management of 1% of the account balance per trade. That means you invest 50$. Now you activate a bonus of 100% and additionally you get extra 5000$ and your account balance is 10.000$ now. At the moment you can trade with sensible money management with an amount of 100$ per trade. That sounds good and you grow your account faster as without bonus.
The deposit bonus is a good way to increase your account balance and to trader with more risk.
As mentioned before there are conditions of the bonus. Simply there is the requirement of turnover of the bonus amount. Sometimes you have to do a turnover of x20 and sometimes you have to do a turnover x50. It is important to read the bonus requirements. If you got any questions, you can ask the support. In most cases, you will see the requirements transparent on the platform.
- Deposit bonus: Get additional money to your account balance.
- No deposit bonus: You will get a small amount of money for free, but you have to do a huge turnover before you can payout the profit.
Welcome Bonus for beginners
The no deposit bonus is named welcome bonus. There are different ways to get a welcome bonus. One way is to win a free demo contest (read more below) without any risk. You compete to other traders on the platform. The rules are easy to understand: Just try to get the highest account balance versus your competitors. If you win, the broker pays a high prize. It is like a welcome bonus because you do not invest real money.
On the other hand, as mentioned before the no deposit bonus is like a welcome bonus. There are a few brokers who offer this bonus. Just create your real account and activate the welcome bonus. The company gifts you any amount of money to your account balance but you can not withdraw the money. You have to do a high turnover of the welcome bonus like 30x or 40x. Recommend broker for a welcome bonus is Pocket Option.
Binary Options Tournaments
In addition, most brokers offer tournaments or demo contests for beginners and advanced traders. You must pay a fee to participate in a contest with a huge prize fund. The rules are very simple: You get a separated demo account where you have to get the biggest balance as possible. You will compete against other traders of the broker. Sometimes there is a prize fund of 100.000$ or more. Furthermore, it is not easy to win the contest because there are a lot of competitors.
The demo contest is a tournament without participation fee. That meant that the prize fund is much smaller than the paid tournaments. But it is a good way to earn money with a small amount of money (participation fee). If you are a successful trader, you can easily win these contests.
Countries for traders
Binary Options are not allowed in every country of the world. In addition, some countries forbid trades to use foreign brokers. Most brokers accept international traders, but there are restrictions for forbidden countries. You can not generalize it because the broker decides which customer he accepts.
Nowadays Binary Options become more and more popular for traders. It is a simple and efficient financial product. It is possible to generate a high payout in a short time horizon. Asian and Africa are growing very fast and people like the function of trading. The brokers in this review try to improve their service in this region of the world because the demand is very high. They improve their customer support with different languages and other services.
The fastest growing countries:
Are Binary Options legal?
Sometimes there are some restrictions to this financial product that depends on a particular country. Personally, I only know one area where Binary Options are forbidden. It is the European Union but some offshore and international brokers accept EU traders. It is like gambling on rising or falling markets and easy to understand. The EU tries to protect its citizens because there are a lot of scam brokers. To prevent a scam, use the best brokers of this review.
Find the best Binary Options Broker 2020 – Conclusion of my review
On this site, I showed you the idea of finding a reliable Binary Options Broker. In the list, you see the best companies in 2020. For successful trading a good broker is necessary. The company should allow you your own strategy of trading and give you good support and service. On most platforms, you can learn via education videos how Binary Options are working.
Also important is the execution of your trades. It should be very fast and with no delay. Usually, every broker does that. Nowadays as a trader, you can start with a small amount of money to trade Binary Options (10$ or less). It is possible to turn it in a high amount with the right strategy. In conclusion on this site, you can find the best and proofed Binay Options Brokers 2020.
Read more about them in my reviews:
I recommend this article if you can not choose between the most known brokers: “IQ Option vs. Olymp Trade vs. Binomo”
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.
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:
Popularity among online traders Countries where they are popular Regulatory bodies Tradable financial instruments on offer Accepted payment methods Whether they have a binary options demo account Trader friendliness Deposits, effective returns and withdrawals . and many more
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.
|Broker||Min. Deposit||Max Returns||Info||Our Rating||Review|
*Terms and conditions apply.
What are Binary Options?
Binary Options are on of the easiest form of trading, therefore many investors prefer it over traditional options. In this type of option, the trader has to decide whether the price of a financial asset will go up or down in a certain period of time. Depending on the result the trader can make a profit or a loss. Want to get started with binary options? Visit our top10 page where we list the best binary broker sites.
One important difference is that Binary Options give you the full payout, no matter how much the price varied. Sometimes the trader, even though he lost the trade, may still get a small portion of the payout amount. Let’s say you put $100 on an asset, you lose, and you will still get $15 back.
If you are looking for other forms of trading you should check out the best cryptocurrency brokers, forex trading or CFD trading.
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The most recent Financial Futures Association of Japan (FFAJ) report claims that there is still not enough growth in the binary options trading market in Japan. The FFAJ report shows that the trading volumes has been dropping every month and more accounts are going into inactive state. When binary options trading was first introduced in […]
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Binary Options Trading For Beginners
Binary Options trading is easy to explain. Binary means something that has two parts. In binary options you will be given a starting price, after choosing an asset. Lets say the USD/EUR is 1.1 (1.1 USD = 1 EUR). All you have to do now is to decide whether the price of the currencies will go UP or DOWN. You only have these two options, therefore it’s called binary. In binary trading we call it ‘PUT’ if the price goes down and ‘CALL’ if the price goes up. It’s more than likely that you will see these two words on a broker site, rather than UP or DOWN.
The expiry time is another important factor when trading binary. In order to win, you will have to pick an expiry time, which means that your CALL or PUT action will be counted only at the very moment of the expiry time. Lets say you feel lucky, and try a 60 second binary trade. This means that you will find out if you won or lost exactly after these 60 seconds. Even if you select CALL (price will rise) and the starting price falls at first, important is that it is higher after 60 seconds, than it was at the time of starting the trade. Simple right?
The brokers in our top10 list can be very similar in some aspects and very different in other aspects. You should try out a few binary options brokers, before sticking to one. In the end it may come down to personal preference, when picking your favorite site.
How to Find the Best Binary Options Brokers
The first step to successful binary options trading is to find a reliable broker, that is secure and has a great reputation. This way you will be sure that your money is in a safe place. Find out what you have to look for when choosing a good broker. Please note that one negative aspect shouldn’t be enough to drop a broker. You should collect as much information as possible about the brokers, and we will help you with this. Our website has all the necessary information that the traders need.
Regulated Binary Options Brokers: When deciding which broker to sign up with, you should definitely look for a regulated one. Most brokers (except the US/Canada friendly brokers) are regulated by CYSEC, Cyprus but there are other regulatory agencies as well. Here are some of the regulatory agencies for binary options brokers:
This means that these brokers have follow some guidelines which include the security of your money (which should be your #1 priority). Regulated brokers are more trusthworthy and safe, therefore you should always go for a regulated broker instead of a non-regulated one.
Not Regulated Binary Options Brokers: US Traders have no choice. None of the brokers that accept US traders, is regulated. There are however good options for US traders, like Tropical Trade which has been around for some times and has proved to be trustworthy. Take a look at all US Friendly Binary Options Brokers.
Customer Support: Often overlooked, the customer support and the dedicated account manager are important aspects to take into consideration when choosing the right broker. Trusted binary options brokers like BancDeBinary offer live chat in addition to phone and email. This means that you can contact this broker anytime with any problems. Bad casinos usually have an email address only, because they try to avoice the direct contact with the customers.
Payments, Deposit and Withdrawals: The number of deposit options is not the only thing you should look for. Most brokers have a lot of payment options, but the minimum deposit amounts usually differ. You should also look for fast withdrawals because some brokers take 7+ days to process withdrawals whereas others brokers can process these a lot faster. You should always avoid the welcome bonuses on most brokers. The restrictions and conditions for these bonuses are often so high that you will have a hard time withdrawing your winnings. If you are reading bad reviews about a trusted broker, it’s usually because of these welcome bonuses. Don’t accept the bonuses only if you are 100% sure about the conditions.
Top 10 Binary Options Brokers
Never join a broker site without reading some reviews first. Sometimes the reviews will differ from site to site, but this is mainly because of angry traders who deposit and lose all their money in a short period of time. In this case even the best trading platforms may receive negative reviews. You should ignore these kinds of ratings and look for legitimate ratings. Of course that making money is more fun, but you can also lose sometimes.
The key is not to invest all of your money on one asset, but instead on multiple assets to reduce the risk. Take a look at the best binary sites above and join one that fits you best. These sites are all trusted and licensed sites.
Best Binary Options Broker
Banc De Binary has enough experience and reputation to be our #1 broker. It is one of the oldest and most known binary options brokers on the internet, with a great platform (Spot Option), stellar customer support and an awesome deposit bonus.
It’s not just us – other comparison sites rank this broker as one of the Top3 brokers as well. On this broker you can trade stocks, indices, currencies and commodities, in addition Banc de binary has a great mobile version as well.
Payment Methods – How To Deposit and Withdraw Money
The first thing you want to do when registering on a binary options broker, is to deposit some money to get started. Every broker has its own minimum deposit amount, but usually it’s around $250.
Luckily all brokers have numerous payment methods and the most popular ones are: credit/debit cards (Visa, Mastercard etc.), bank wire (minimum deposit is higher with this method) and e-wallets (skrill, or sometimes even paypal). There will be enough payment options for everybody.
Withdrawing your winning is as easy as depositing. You just click the withdraw button, and after a few hours/days (depending on the broker and payment method chosen) you get your money from the broker.
The Best Binary Options Broker 2020!
Perfect For Beginners!
Free Demo Account!
Free Trading Education!