Top Binary Options Demo Accounts

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

Top Binary Options Demo Accounts

We can’t say it enough on this site. Binary options are super risky and you shouldn’t trade with funds you can’t afford to lose. Starting with a demo account will help you determine if you should be trading. Even with the features brokers offer, binary options are risky. There are steps that you can take to educate yourself about this risk.

One of the best ways to learn more about the risk involved in this type of trading is to practice in a risk free setting. If you’ve ever traded in the financial markets before, you know that there is often a steep learning curve for beginners, and binary options are no different. If you just jump into trading them, odds are you will end up losing money. Through a demo trading account, you can gain a better knowledge of the risk of binary trading and get a better idea of how to handle it.

What are Demo Accounts

Binary options trading is risky; this is why a binary options demo trading is so important. In short, a demo account is a free practice account. You can get one through many binary options brokers. Basically, you are given a certain sum of fake money and you can use it however you want to practice trading. You will have access to all of the same trades that you will have in a real life setting. The only difference is that there is zero percent risk in a demo account and 100 percent risk in a real money account. When you start your binary options trading, you want to make sure that you have as much experience as possible. Demo accounts let you do this.

If you are thinking about setting up an automatic trading account, such as you would find through Binary Options Robot, demo trading is a must as this gives you an understanding of the mechanics that occur behind the scenes when trading.

How do Demo Accounts Work?

The best part of demo trading is that it is exactly like trading with real money. The platform is the same in the demo account as it is in a real money account, so you will be learning how to use the software that you need to master. The trades happen in real time, so you will be learning how to effectively place your money on certain sides of a trade—just like in real life trading.
The only thing that you cannot duplicate with a demo account is the emotional side of things. When risking real money, we can have feelings of guilt, sadness, or even regret, when we trade and lose our money. There’s no way to fully get over these things—we’re not robots. But by trading in a practice setting, you can get a better feel of whether these things are right for you.

If you are an experienced Forex trader, a Forex binary options demo account will give you a new outlook on trading. Even though you are using similar assets, the style of trading is completely different. This goes for all types of trading; even if you are a pro day stock trader, you will still want to practice before you jump in headfirst with binary options trading.

How to Get a Binary Options Demo Account

Binary options brokers now make obtaining a practice account a lot easier.

Getting your very own demo account is not hard, although most of the reputable brokers out there require you to have a real life account too. Some brokers require that you make a real money deposit before you can start using their demo account. You don’t need to trade with this money, but the brokers know that you’re far more likely to. If you’re not comfortable with this, you don’t need to do so. Other services, such as Binary Options Robot, are not actually brokers, although they provide similar services. The Robot actually acts as a go between, allowing you to deposit with them, but trade through other brokers through their platform. Demo trading can help you learn how to navigate this process more easily.

Demo trading should be taken as seriously as possible in order for you to get the most out of it. Having a goal to work with will make you that much more serious and help you to learn the trading skills you need in a more timely and effective manner.

A free binary options demo account can be just the thing you need to learn whether trading is right for you. Opening and using a binary options demo account is going to be in your best interest since you will be more educated if you do trade with real money.

Where Can I Get a Demo Account?

When the industry first started picking up steam, demo accounts were hard to find. Now, they are much more popular as both brokers and their clients have learned how useful they are for learning the basics. If the binary options demo account link is not clearly posted on your broker of choices homepage, get in touch with their customer service department—they will guide you forward.

Practice is always important before you trade with real money, even if you are going to use a trading service like Binary Options Robot. It gives you a more educated view of what you are doing, and this can only help you.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

Once you have your binary options practice account, you might want to consider expanding. Perhaps you have several different assets in mind that you want to trade. You might want to open up an account with more than one broker in this case. If one broker is offering 80 percent returns on an asset you want to trade, while another is only offering 75 percent, obviously you want to trade with the broker that offers you the best return, granted that the broker is regulated and reputable. Being familiar with more than one broker’s trading platforms is mandatory if you’re going to use more than one broker. You will want to demo trade with any new broker before you start using real money just so you can learn the different nuances of trading on each site.

If you want to take binary options trading seriously, you need to demo trade until you are more than proficient with your specific assets. Demo trading will not make you rich, but it will give you practice trading in a risk free environment.

Binary Options Demo Account

Binary options trading definitely requires certain practice before you enter the real trades. We strongly believe that a perfect solution for newbies to start their trading pathway is binary options demo trading. Imagine that you experiment with different settings for your trades, try new trading strategies but you do not risk a single penny. Sounds great, isn’t it? This is why the demo account has become sort of an industry standard for many brokerages to serve their clients well.

Binary brokers offer their demo accounts in different ways. One of the most common methods the demo account is delivered to you is being the part of the educational package. Usually learning section at many brokers has an extensive scope of useful videos, webinars, glossaries and much more. Premium brokers even tend to offer one-to-one training that helps investors learn various binary trading strategies directly from the broker. Once you complete the theoretical part of your education, you may then proceed to your binary options practice account. The educational package like this is rarely offered for free. In fact, brokers expect you to open a real account and meet the minimum deposit requirement.

Another case is when brokers offer free demo binary options account. Such demo accounts most frequently are dedicated to showing you the basic properties of the trading platform with the possibility to trade with virtual money. Although this might seem a good deal for you, please note that you will unlikely receive an access to the full training program. However, if you know the basics of binary trading and just seek for something to improve your skills, then you obviously can go for a free binary option demo account.

Demo Account: Main Advantages

Some overconfident traders claim that demo accounts are just a waste of time, because you could have made a lot of profits by trading via live accounts. Such statements usually contradict the reality, as demo account is vital to understand all ins and outs of binary options as a financial instrument. We suggest taking a closer look at the key benefits of using binary options demo account further.

Firstly, there is no need to learn by making mistakes that cost money. With demo accounts, you can learn without worrying. Not only you can apply your newly gained knowledge, but also test different trading platforms and see which fits you perfectly. Some novices might even be unfamiliar with the trading software, so if you fall under this category then demo account options trading is definitely for you. You can learn all the basics of using the charting tools and technical indicators.

Another aspect to consider is that payouts offered by the brokers can be different even when you compare the same assets. Luckily, the demo accounts opened at various brokers can help you to make your own research and show where you can really make money.

As we have mentioned above, you can try diverse binary options trading strategies without risking your own capital. There are different trading strategies designed for investing in binary options. It is important to understand that there is no 100% profit maker and profitability of the strategy is a factor that might change over time. Opening an options demo trading account certainly makes sense. You get the possibility to see which binary trading strategies are still viable and have the potential to bring steady profits in the long run, and which are obsolete or unjustifiably risky. Hence, demo accounts provide you with space where you can experiment with different approaches and even build up your own trading strategy.

Finally, we would like to discuss the opportunity to design your money management strategy. Demo accounts enable you to discover the trade size that corresponds to your trading style. When practicing, you will see how much percentage of your capital you are ready to allocate for each binary trade. Binary options practice trading account is a quick and risk-free way to determine how much funds you need to deposit in order to meet the requirements of the chosen trading strategy. In addition to all this, by studying your trading history after using the demo account for some time, you can highlight which asset classes you prefer over the others. Hence, you can then become a specialist in particular assets. Your personal insight into the asset will open the doors for new opportunities and successful trading.

What is the best options demo account available?

Read about Binary Options Demo Account ! The best way to learn trading! A lot of binary brokers offer their demo accounts to customers, yet there is only one demo account that can deliver premium-class features. In this article, we are going to talk about 24option demo account. This account allows you to test 24Option trading platform and learn about all its niceties.

So how to get binary demo account at 24Option? Your first step must be account registration. Note that you just need to fill in your personal data, create an account and then verify it. In the course of registration, you can contact a 24Option customer support and request their agents to provide you with the demo account.

One of the conditions to access your demo account will be to make a $250 real money deposit on your live account. However, this does not mean that you are obliged to trade with this money instantly. 24Option is a reputable broker and offers demo accounts only to those who seem to be really interested in binary options trading.

Demo account options trading at 24Option can provide you with the best insight into their TechFin trading platform. After you shop around a little bit, you will then decide whether their binary options platform suits your needs or not. If not, you are free to withdraw your previously made deposit of $250 without losing any amount of money. The credibility is one of the core standards of 24Option and their trial period is definitely worthwhile.

If you experience any troubleshooting while using the demo account for binary options, 24Option qualified customer is always available during market hours to help you. The support is multilingual and you can reach via 22 local phone numbers, contact by email or use live chat directly on their website.

Information about the broker

Min. Deposit: $10 Demo: Yes

Platform: Custom Bonus: N/A

Regulation: CySEC US Clients: No

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Virtual trading is a good way to discover this amazing broker. IQ Option can satisfy different sorts of traders around the globe with its top-notch approach to binary options trading. We encourage you to read about the IQ Option features further.

The broker delivers you some other educational tools to improve your understanding of binary trading. For example, you can enjoy different webinars, trading tips, videos and articles about trading strategies and much more.

The payouts at IQ Option seem to be stunning, since the payout can range from 70 to 89 percent margin for money options. The assets offered for trading are quite diverse, including currencies, commodities, stocks like Apple and Google and also major indices. Their total amount right now is around 120 and this number is going to grow in the nearest future. Trading options at IQ Option is a remarkable experience and you can go for different trading conditions. For instance, you are allowed to select High/Low trading, Short Term, One Touch, Boundary and High Yield.

If you are curious to learn more about IQ Option, then be free to read our full review of this broker on BinaryOptionsHub website.

Conclusion

It will not be an exaggeration to say that the most proper way to become a professional binary options trader is by practicing a lot. Fortunately, you do not have to gain experience by making mistakes that might cost a serious amount of lost money in unsuccessful trades. Demo accounts offer the way good learning needs to be done by providing you with risk-free opportunities to become more skillful.

The best binary options practice account is offered by IQ Option, which is the most reputable binary broker currently available. IQ Option is not giving their demo account for free. Nonetheless, if you were somehow disappointed by the services of this broker, IQ Option will allow you to withdraw the full amount of your initial deposit.

We definitely recommend you to try IQ Option demo account.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

20 Best Binary Options Brokers 2020

It is most likely that you have come across the term Binary Options while surfing the net, even if you don’t know what it means. Maybe someone told you, or you read somewhere that you could make impressive returns trading on binary options, and it sounded too good to be true. Maybe they said you could lose all your investment in a flash of a second, and got you scared to even try. There are many in similar circumstances with many questions about binary options lingering in their minds. Before we get to any aspects of Binary options, let explore what it is first, for the sake of anyone who is completely green to the concept.

IMP NOTE:

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Binary options are a form of financial trading that involves a fixed amount of pay-off or nothing. That’s why it is called binary options anyway. It is either a 1/0 or Yes/No. There is no other option between. The trading is normally carried out online. The online trade is enabled by binary options traders. The trade involves a variety of instruments like fixed return options and digital options as forex, stocks and market interest rates. That explains why some people will tell you that you can quickly double your money, while others say you can lose it all. There is a lot of speculation among the masses about how binary options work. Many people have lost their hard-earned money because of lack of information. Before you get involved, it is prudent toe sure you understand all the risks involved. You should also work with a binary options broker that you can trust. There are many binary options brokers in the business.

We seek to bust the myths and present the facts as far as binary options and binary options brokers are concerned. There is a lot of misleading information circulating around. There are not many objective options broker reviews either. This is a review of some of the best binary options brokers. The review is essentially a binary options brokers list. The review will give you a deeper understanding of how they operate. The review seeks to arm you with relevant information before you get involved with binary options. Trading in binary options, otherwise known as hedging, can be a blessing or a curse to yourself depending on how you handle. We certainly seek to ensure it is never a curse. The review will explore various aspects of the binary options brokers such as

  • Trading platform
  • Minimum deposit
  • Maximum returns
  • Bonuses

The review will also explore the various laws and regulations governing binary options trading in various countries. It will also highlight a few dos and don’ts as far as binary options trading is concerned. We cannot promise that you make a lot of money after going through the review, but we can promise to show you how not to lose all your money. Tag along and let’s find out what binary options trading is really all about, and find binary options trading best brokers as well.. Below is a binary options broker list with some of their terms of engagement.

Note: Based on my experience, I personally recommend IQoption , ExpertOption & Olymp Trade but please read the full review to select the one that suits you especially from first 5.

Best Binary Options Brokers 2020 Comparison Table

Broker Min Deposit ($) Min Stake ($) Max Payout (%)
IQ Option 10 1 95 1st Choice
ExpertOption 50 1 95 2nd Choice
Olymp Trade 10 1 92 3rd Choice
HighLow 10 10 90
OptionRobot 100 5 85
Ayrex 25 5 85
CryptoRobot365 10 1 90
BinaryRobot365 10 1 95
Binary.com 250 5 85
Finmax 250 10 90
FXMasterBot 100 5 90
BinaryCent 250 10 95
BinaryMate 250 10 90
RaceOption 250 1 90
AutoMatedBinary 10 1 90
ZoomTrader 1000 10 83
HYoption 100 5 83
24Option 100 24 88
Binomo 10 1 90

Best Binary Options Brokers 2020

1) IQ Option

IQ Option is a Seychelles-based online trading platform launched in 2020. It has found a lot of favor in South Africa. It is one of the best binary option brokers in South Africa. They claim to be one of the fastest growing online trading platforms, with over 25 million members to date. Their services include forex trading, stock trading, and ETF trading. There are binary options brokers too. They have over 10 million digital options on which you can trade. You engage in the binary options trade by speculating on the global market currencies, indices, stocks, and commodities movement.

Trading Platform

IQ Option has a website and App on which you can trade. It depends on what you prefer or what is accessible to you. You go to the instruments menu and choose the asset you want to trade in. Each asset is assigned the current profit percentage. You then choose the duration that you want to explore the asset for. The end of the duration will be marked with a red line on the chart. The system will also set a deadline for making the selected trade. Then put up the value you want to trade and confirm using the call or put buttons. You have the option to sell the option before it expires. If you choose to wait until the end of the duration, you will get 95% profit if your prediction was correct or lose the investment if your predictions were wrong.

  • The minimum deposit on IQ Option is $10 for a real account or $3000 for a premium account
  • The minimum investment is $1
  • The maximum returns are 95% profit on your stake
  • IQ Option offers no bonuses.
  • IQ Option is certainly one of the best trading brokers.

2) Expertoption

Expertoption is a binary options broker with a global trading platform. The platform is available to people in over 150 countries across the world. Expertoption was launched in 2020, and it has 8,707,538 registered traders so far. Expertoption is an award-winning platform, having been recognized as an award-winning platform in the China Trading Expo Shenzhen, 6-7 May 2020. The broker offers up to 100 options of assets to trade with. Expertoption does not offer its services to residents of the following countries; USA, Canada, European Economic Area, Switzerland, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan.

Trading Platform

Expertoption operates both website and app trading platforms. You can log in to your account on any platform you feel comfortable with. They offer a free demo account too, for novice traders to first test their knowledge before investing any money. The platform has an education center for green beginners too. There is a lot of educational material on the center that you can go through and get relevant insight pertaining to binary options trading. The platform is quite responsive, and it runs 24/7. It offers the following technical analysis tools.

  • Four chart types, eight indicators, trend lines
  • Social trading – this feature allows you to watch other people around the world closing deals, or to trade with your friends
  • The demo account gives you $10000 to try out with

The platform offers five types of trading accounts as follows;

  • Basic – this account is for people who prefer a light start. The minimum deposit for this account is $50
  • Silver – this account includes free consultations. Apparently, many people choose to start here. The minimum deposit is $500.
  • Gold – this account offers you more privileges features and smart investment tips. The minimum deposit for this account is $2500
  • Platinum – this account is regarded as the ultimate account for serious investors. The platform offers exclusive account management and their best expertise. The minimum deposit for the account is $5000.
  • Exclusive – this exclusive account is only an invited-persons only account. It is reserved for people with the highest returns. You can contact your account manager about it, that is if you already have a platinum account.

The maximum returns can go up to 95% profit on the invested amount.

3) Olymp Trade

Olymp Trade is a Cyprus-based online trading platform launched in 2020. The platform boasts of over 20000 traders in a day. It is currently registering a growth 7% in payouts every month, with last month’s payouts totaling to $ 7 969 557. Olymp trade is yet another incredible option for a beginner. It has very insightful educational resources for trading. It is one of the best binary options brokers in Nigeria.

Trading Platform

Olymp trade runs web, android and apple trading platforms. They offer a demo account that you can experiment with first before moving to a real account. It is one of the best binary options brokers with demo accounts. They offer 24/7 trading and over 60 assets that you can trade with. The trading platforms are quite responsive and self-explanatory. The process of setting up and completing a trade is quite simple. The platform also offers you trading signals from experienced VIP traders, to help you make profitable trades.

  • The minimum deposit is $10
  • The minimum investment is $1
  • The maximum returns are 92% profit on your stake

4) HighLow

HighLow is an Australian based binary options broker. A number of platforms won’t admit Australian traders. This is one of the best Australian binary options brokers. It is a great platform for those who like trading for short duration times. It is one of the best 60second binary options brokers. The platform prides itself in a wide range of binary options and some of the highest payouts. They have done over 200% profit on investment payouts. HighLow runs on the MarketsPulse trading platform. It does not accept trader from the US though.

Platform

HighLow has a web, Android, and iPhone Apps trading platforms. They offer a demo account for beginners with a $50 bonus upon sign-up. It is one of the best binary options brokers for beginners. It allows them to test their knowledge before putting in all their money. You select the instrument you want to trade from the top toolbar. It has the current market value indicated on it. You then set up the duration you want to trade for and confirm. There is an expiration duration line beyond which you cannot make any changes on the investment. Your speculations should not go out of the set high and low marks.

  • The minimum deposit is $10
  • The minimum investment is $1
  • The maximum returns are 90% profit on your stake
  • There is a bonus of $50 upon signup
  • HighLow is one of the best binary options brokers with low minimum deposit.

5) Optionrobot

Optionrobot is a high-risk high-return binary options trading robot service. If you are not shy of taking huge risks with high potential returns if all goes well, then Optionrobot the platform for you. The platform’s robots generate trading signals and execute the trade directly to your broker account. Optionrobot boasts of an 83% winning rate. That’s rather impressive. You might not want to stake money you cannot afford to lose on Optionrobot though.

Trading Platform

Joining Optionrobot is quite easy and straightforward. You just sign-up, make a deposit and set up your robot to start trading. Optionrobot features three trading systems. The systems have different risk levels. They are;

  • Classic System – this system has the lowest-risks, and the lowest potential income as well. It is considered the safest and secure. The prospects of making any substantial returns are quite slim though.
  • Martingale System – this system offers you the highest possible returns, but also the highest risks. If you get it right on this system, you’ll be smiling all day long. The risks of losing your money remain high though.
  • Fibonacci System – this is the most accurate system. It is a middle-ground between the two. It strikes the critical balance between returns and risks. You could lose money as much as you could win some.

The other important aspect of the Optionrobot is the trading indicators. These help you set up the robot. The robot monitors these indicators as long as it is active, and makes decisions based on the settings you provide. Optionrobot has six trading indicators that you can make use of. You can work with multiple indicators depending on your knowledge of them. All the indicators need to send a sell signal to the robot for it to sell though. They also need to all have a buy signal if the robot is to buy. The signals include;

6) Ayrex

Ayrex is yet another binary trading broker from Cyprus. Ayrex launched its platform in 2020. It is however not regulated by CySEC though. The company has applied for licensing from CySEC. The platform boasts of over 230000 subscribers to date. It also takes pride in some of the fastest trading speeds with 99.95% of its trades taking place in a mere 28ms. The platform allows direct or high low speculation on the trend of the asset you choose to trade with. Except for the being unlicensed Ayrex seems like the ultimate binary options trading broker.

Trading Platform

Ayrex has a very interactive and responsive website. They also operate Android and iPhone Apps. You can choose to log in to any of these platforms depending on which one works best for you. Ayrex offers several trading accounts. One of the accounts that stand out is the Islamic account. Ayrex has put up an account for Islamic people, that is in full compliance with sharia laws. Trading on Ayrex.com is easy and straightforward.

  • First, you register for a free account
  • You will have to verify your identity
  • You then make the minimum deposit of $25
  • Click the start trading button
  • Select the options you want to work with. Ayrex has a couple of options.
  • Choose the asset that you want to trade with
  • Speculate depending on the option you have chosen
  • Stake the amount you want so long as it within the minimum and maximum investment values
  • Confirm the trade before the deadline and wait for the results.

Ayrex may not be the best platform for beginners. There is not much learning material or guidance resources available. You need to know how to analyze the market and make correct predictions before you engage on the platform. Otherwise, you will be risking losing your capital. You can choose a demo account first before engaging on the real account so that you get to learn the ropes.

On the short-term direct speculations, Ayres pays up to 80% profits on the invested amount. The long-term or high-low speculations could attract a payout of up to 85% profits on the invested amount. Ayrex has frequent trade signals that have been proven to have a winning rate of 60%. That’s is not a winning rate you want to put your trust one if you are not experienced though, considering their payouts are a bit low. All factors considered, they are still one of the best binary options brokers 2020.

7) Cryptorobot365

Cryptorobot365 is yet another Seychelles-based binary trading broker. It mainly deals with cryptocurrencies. You can trade with Ethereum, Bitcoin, Monero, Litecoin or Ripple. The platform, unlike the others, is quite straightforward. You just buy the cryptocurrency of your choice under speculation that it will appreciate in price. The platform is an automatic platform. It monitors the trends in the cryptocurrency market and sells or buys cryptocurrency on your behalf to help you make profits.

Trading Platform

There is not much to learn about the Cryptorobot365 trading platform. They have web and app trading platforms. You can choose any depending on your preference. The platform needs you just to deposit the minimum amount, select the cryptocurrency you want to trade in, and activate the robot. It is one of the best binary options robots. This model is a great option for people without sufficient knowledge about cryptocurrencies. Keep in mind that you could lose the money too. The platform has a demo account that you can use to try out first before you invest your money.

  • The minimum deposit is $250
  • The maximum returns are dependent on the margins of the sales made

8) BinaryRobot365

Binaryrobot365 is yet another robot based binary options broker. Instead of you monitoring the markets, yet set the ideal market conditions and let the robot make the trade when it detects them. Binaryrobot365 claims to register up to 90% win-rate among it traders. It is a great platform for novice traders to try their hand in binary trading. Binaryrobot365 is one of the best binary options brokers in India.

Trading Platform

Binaryrobot365 operates web and app platforms. You just sign up for an account, choose a binary robot service provider and switch on the auto-trade function. It is important to note that the binary robot you choose is a central determinant of whether you are going to make money or not. Make sure the service provider you settle for can be trusted. The robots are technically developed and are based on empirical data. Some of the market factors are non-quantifiable though. Therefore, the robots cannot guarantee you returns.

  • The minimum deposit is $100
  • The maximum returns are dependent on the broker you choose. The returns range between 85% and 90% profit on your investment.

9) Binary.com

Binary.com is a UK-based binary trading broker. It has been licensed by and is under the regulation of the British Isles, Malta, Ireland and the UK. It is one of the most transparent binary options brokers uk. It has made declarations of owning the company, and it is in charge of the market operations. The platform brings together aspects of gambling and binary trading. Its services include FX margins, Crypto trading via MT5 and CFDs. Binary.com offers you over 100 instruments to trade with. Binary.com also offers you interactive webinars, daily market reports and eBooks and videos for learning, all for free.

Trading Platform

Binary.com operates a website and Android and iPhone Apps. You can log in to your account on any platform of your choice. The platform also offers you the option to trade on a virtual account before you move to a real account. Newbies to binary trading can take advantage of the virtual platform and learn the ropes. The platforms run 24/7 all year long. They have interactive and easy to understand charts to help you follow the market trends. The platforms are quite responsive too.

The minimum deposit for a bank transfer or by bank card is $10. Those with e-wallets can deposit as little as $5. You start trading by choosing an instrument to trade with and setting aside a trading duration. You have to have to complete the trade before the expiry time.

The return percentages are not fixed. They vary from time to time. You need to have more than 25 turnovers so that you can have a withdrawable amount. Binary.com also pays a 1.5% payout commission.

The bonuses are not fixed either. You can get two types of bonuses. There is the deposit bonus and the free bonus. You get the deposit bonus one you deposit money above a certain amount. The free bonus is given as per the results of your trades.

10) Finmax

Finmax is a Bulgaria-based binary options broker. The platform was launched in 2020 and boasts of a team of financial market professionals who help people around the work trade in binary options. The platform does not admit US traders though. Finmax has a couple of awards under its belt. They are an indication of its prowess as far as binary trading is concerned. Finmax also offers some of the shorted trade durations. You can set the trade to last for as little as 30 seconds. You can also set long durations. They can be as long as six months, depending on your speculations.

Trading Platform

The trading platform allows an easy sign-up process. It has a lot of educational materials. You have access to eBooks, videos and live webinars from the financial market professionals. Finmax also offers a free demo account that you can use to familiarize yourself with the account. Finmax offers five types of real trader accounts. They are;

  • Bronze – this trader account has a minimum deposit of $250 and full access to all the features. It also attracts up to 25% bonuses and as well as a payout of 75% more than assets.
  • Silver- this account requires a minimum deposit of $1000. It features risk-free trading for up to 25% of your deposit and up to 50% bonuses.
  • Gold- this gold account requires a deposit of $5000. It features +2% of return per each trade and up to 100% in bonuses
  • Platinum – this account requires a minimum deposit of $25000. It features +4% of return per each trade and up to 100% in bonuses
  • VIP – this account requires a minimum deposit of $100000. It features +6% of return per each trade and up to 100% in bonuses

The accounts’ privileges rise with the account’s rank. The high ranked accounts have a lot more privileges.

Trading on the platform once you have the account is easy and straightforward. You choose the asset you want to trade in. You then choose the above and below points. These are the high and low points you are speculating the asset to remain within. You then choose the expiry time and complete the trade before the deadline.

Finmax offers up to 90% profits on the invested amounts. These are some of the highest binary trading revenues you can get.

11) FXMasterBot

FXMasterbot is yet another binary trading robot. It offers 17 forex pairs and five cryptocurrencies to trade with. FXMasterbot claims the platform made by a team of financial analytics professionals. It delivers trading signals after every minute. The system just like many robots, allows you to connect to your broker’s platform.

Trading Platform

Engaging in FXMasterbot is quite simple. You just need to sign-up for an account, then fund your broker’s accounts and set-up the robot and activate it. The robot will trade according to the delivered signals. Unfortunately, the information available about the operation and payout of FXMasterbot is quite scanty.

You can log in into your account using the browser platform or the Apps, either Android or Apple depending on your preferences. It is not prudent to invest on a platform whose results you don’t know and have no way of finding out though. There have been various complaints from traders who have used the platform.

12) Binarycent

Binarycent is a forex CFD trading platform. You trade in binary options with forex as the asset. Binarycent has one of the lowest minimum investment amounts. You can invest as little as 10 cents on Binarycent. Binarycent works just like a majority of the other binary options brokers.

Trading Platform

Binarycent offers three types of accounts depending on the starting capital you have. They are;

  • Bronze – this is the lowest caliber trading account on Binarycent. The minimum deposit required is the $250. The account features 24/7 live video support, I hour withdrawals, 20% bonus, and a copy trading tool.
  • Silver – The minimum deposit for this account is $1000. The account features all the privileges on the bronze account, plus 50% bonus, master class training, and first three risk-free trades.
  • Gold – this is the highest caliber account requiring a minimum deposit of $3000. It features all the features in the silver account, plus 100% bonus, and a personal success manager.

Binarycent also offers a demo account for novice traders. You need to have a certain level of knowledge before you decide to engage in the platform though. Once you have one of these accounts, you can go ahead and choose an asset to trade with. Set up the duration and put up your stake.

Binarycent has maximum revenues of up to 95% profit on the staked amount. You can access the platform through your windows or mac browser, as well as through an Android or Apple App. Their methods of funding the account and withdrawing are quite simple. Unfortunately, the platform offers no trade signals. Your trade is solely based on your analysis and speculation, unless you have the Gold account. You can get some advice from your success manager. Either way, the decisions are still all yours. The manager can only give pointers.

13) Binarymate

Binarymate is a UK-based binary options broker. The UK has strict regulations for binary options trading. Binarymate is registered in the UK, and it accepts US traders too. It is one of the most reliable and secure binary options trading platforms. It is actually one of the most trusted binary options brokers. Binarymate offers more than 100 assets to trade with. It boasts of 5372 trading accounts in the system and $ 3452175 worth of trading volume in the last month. The platform also offers a lot of training and educational materials that newbies can take advantage of.

Trading Platform

Binarymate operates a proprietary website, but they don’t have either android and iPhone Apps. You can conveniently access the platform from any device of your choice. The platform is quite easy to sign-up to. They have three types of accounts, each with a minimum deposit. The perks of having an account with Binarymate include;

  • 24/7 live video support
  • 1-hour withdrawal processing time
  • Secure trading and data protection

The accounts are;

  • Bronze- the bronze package features a minimum deposit of $250. You will also get a 20% bonus on your deposit.
  • Silver- this account requires a minimum deposit of $1000. It also comes with a 50% bonus
  • Gold- this is the highest caliber account. It requires a minimum deposit of $3000. It allows you to choose between a bonus of $250 or risk-free trades.

Binarymate offers stellar customer care support and through their live chat video agents. The agents are available 24/7. It is the best binary options brokers with low minimum deposit uk.

You have the option to start with a demo account if you are a novice to binary trading. You do not have to invest your money before you have learned the ropes and risk losing it. Binarymate is one of the few offshore binary options brokers US. It also one of the best binary options brokers usa.

  • Minimum deposit: $250
  • Maximum returns: 90%
  • Bonuses: up to $250, risk-free trades

14) Raceoption

Raceoption is yet another highly rated binary options broker. Raceoption is UK-based and is subject to the UK’s strict laws and regulations. The brokerage was launched in 2020, and it has one of the friendliest platforms. Raceoption accepts traders from all over the world, including those from the US. The platform boasts of average trader earnings of 1217 per month. It has 1570 traders as at the moment and more than $1.9 million in trader earnings per month.

Trading Platform

Raceoption operates a user-friendly proprietary website and an App on both Android and Apple platforms. Raceoption offers three types of accounts. You can sign-up for any one of them depending on the starting capital that you have. The platform offers you over 100 assets that you can trade in. Trading on the platform is quite easy and straightforward too. Below are some general steps;

  • You first select the asset you want to trade in on the drop-down menu.
  • Choose your preferred expiry time
  • Choose the amount you want to invest
  • Confirm the trade before the deadline allowed
  • You will profit with a fixed amount if it turns out you were right.

Raceoption has the signature three accounts. They are;

  • Bronze- this account requires a minimum deposit of $250. It features a bonus of 20%, 24/7 live support, I hour withdrawal, demo account and copy trading tool.
  • Silver– this account requires a minimum deposit of $1000. It has all the features in the bronze account, plus 50% bonuses, a master class training, first 3 risk-free trades and an individual account manager.
  • Gold- this is the ultimate account on Raceoption. It requires a minimum deposit of $3000. It has all the features in the silver account, plus integrated technical analysis, and up to 100% in bonuses.

Raceoption has a wide range of funding and withdrawal methods. You can choose one that suits your convenience. Raceoption has up to 90% payout profits. These are some of the highest payouts in the industry. Many brokers do not admit USA traders. Raceoption is the best binary options brokers for USA traders. It is one of the best us regulated binary options brokers.

15) AutoMatedBinary

Automatedbinary is a binary options trading robot. It is a great service for novice binary traders and veterans as well. It allows you to work with several binary options brokers. You can connect your robot account with several binary options brokers too. Automatedbinary offers you three robots plans depending on the level of risk you are willing to take. Keep in mind that high-risk options mean you can easily lose the money, but you will get a pretty sum if you turn out to be right. Low-risk options may not have high returns even if you are right.

Trading Platform

Automatedbinary runs a proprietary website and an App on both iPhone and Android platforms. Engaging on the platform is quite simple. You just sign up, choose the broker you want to work with, and fund the broker account. Keep in mind that the payouts and bonuses you get are dependent on the broker you choose. The brokers have different accounts on offer depending on the amount you can deposit as the minimum deposit.

You then embark on setting up the robot. Choose the risk plan you are willing to work with. Automatedbinary offers three risk plans. They include;

  • Safe classic – this is a basic low-risk plan. It is a great place for novice traders to begin so that they have time to study the trends before possibly losing a lot. You can set the trade amounts to be anywhere between $5 and $500.
  • Compound martingale – this is a high-risk plan. It is mainly used by casino gamblers. This plan is better for a veteran who has studied the trends for a while and knows what to do when. You can easily lose the money on this plan, but you will be smiling all day long if you turn out right.
  • Accurate Fibonacci – this plan is a middle ground between the latter two. Many traders choose this plan. It represents reasonable risk levels and impressive returns when your speculations are on point. You could still lose though.

The next part of setting up the robot is the match indicators. The indicators are the prompts that tell the robot when to buy or sell. Automatedbinary offers six indicators. You can choose one that you are comfortable with, or multiple if you know how to work with them. Keep in mind that the indicators must send identical prompts for the robot to execute any trade. If you are using two indicators, both indicators might signal to buy for the robot to sell. It applies the same if you are using six of them. More indicators reduce the risk involved in the trade. However, you might end up with zero or very little returns if you combine too many indicators. Automatedbinary works with the following indicators.

  • TREND indicator
  • CCI indicator
  • RSI indicator
  • Williams indicator
  • Stoch indicator
  • MACD indicator.

16) ZoomTrader

Zoomtrader is a Belgium-based binary options trader. Just like many others, it offers the opportunity to trade in stocks, forex pairs, and commodity movement. Zoomtrader has a very interactive platform. However, the platform has no information about its previous trades or revenues generated. That is always a red flag.

Trading Platform

Just like all the others, Zoomtrader offers web and mobile trading platforms. It features three types of trading accounts. The accounts are as follows;

  • Bronze – this account requires a minimum deposit of $1000. It has one trading strategy, weekly market reviews, and an introductory video course.
  • Silver – this account requires a minimum deposit of $5000. It features two trading strategies, daily and weekly market reviews, introductory and advanced video course.
  • Gold – this account requires a minimum deposit of $100000. It features five trading strategies, daily and weekly market reviews, introductory and advanced video course, individual account manager, weekly one-on-one trading sessions and same day withdrawals.

ZoomTrader features payouts of up to 83% profit on investment and bonuses of up to 100% on the first deposit.

17) HyOption

Hyoption is a binary options broker that is licensed by CySEC. It is owned by a company called HYCM based in Cyprus. Hyoption just like many other brokers allows you to trade in binary options using various assets. It offers up to 100 assets that you can trade with. Hyoption does not offer much information regarding how many subscribers they have on the platform, or the revenues collected. Their trading platform has similar features as many other brokers that we have reviewed.

Trading Platform

The Hyoption trading platform is user-friendly and features most of the basic features we have become accustomed to. They operate both proprietary webs and Apps on both Android and iPhone. The system allows you to choose an asset of your choice and speculate on its trend over a preferred period of time. Hyoption have a wide range of options with regard to time. The options range from 30 seconds options to 1-month options.

Hyoption has a very straightforward and easy to use the account. The minimum deposit for a Hyoption account is $100. The minimum investment amount is $5. It offers maximum payouts of up to 83% profit on the invested amount. Hyoption offers bonuses of up to $10000 for new traders. The bonuses are subject to terms and conditions regarding their withdrawal though.

18) 24option

24option is an online trading platform based in Belize City, Belize. It has been around since 2020, and it is one of the most stable and reliable trading platforms. It is under the rules and regulations of CySEC (we are going to talk about this later on in the review). 24optios’s binary trading is enabled by a third-party entity named TechFinancials trading platform. 24option does not accept traders from the US and Australia.

Trading Platform

24option has a website and Apps on both play store and Apple store. Once on the platform, you choose the CFD (contract for difference) you want to trade with on the upper toolbar. There is a filter to control the CFDs you want to see. The platform features indices, forex, stock, and commodities. Next is to choose the direction in which you want to invest. There are numbers in the Buy/Sell buttons that indicate the points required to pass for a successful trade. You trade has to be higher than the number indicated in the buttons. Then choose the duration for which you want to trade and confirm. The graph will show you the progress of your trade. Green means your speculation is positive while red means they are negative.

  • The minimum deposit on 24option is $250
  • The minimum investment is $24
  • The maximum returns are 88% profit on your stake
  • There are bonuses of up to 100%
  • Regardless of a high minimum deposit 24option has already carved a name for itself as one the best option trading brokers.

19) Binomo

Binomo is yet another Seychelles-based binary options broker that has been in operation since 2020. It has been providing brokerage services for Russians. Binomo is registered and regulated by the EU. Binomo prides itself on unique and affords trading conditions. It is hailed as one of the safest and most reliable binary trading platforms in the industry. It is a great platform for binary trading newbies too. It has a wide range of training resources.

Trading Platform

In 2020 Binomo had the best trading platform. It still has one of the best trading platforms today. When the platform was launched in 2020, it shook the market and won Binomo a huge chunk of the market. Binomo offers up to 80 assets that you can trade with. The assets include some of the worlds largest companies. Binomo offers four types of accounts each with different privileges depending on the minimum deposit. The accounts are;

  • Demo account– this account is meant for novice traders to experiment before they start staking actual money.
  • Standard account– the minimum deposit for a standard account it as low as $10. This account allows you access to the real market and analytical support. You can also take part in tournaments and special offers. This account has payouts of up to 83% profits on the staked amount.
  • Gold account– this account has a minimum deposit of $500. The privileges of this account include an expanded list for trading assets, a personal manager, bonus funds and 5% refund on losses. This account has payouts of up to 86 % profits on the staked amount.
  • VIP account – this account attracts a minimum deposit of $1000. It is accompanied by privileges such as 10% refund on losses, the widest choice of assets, personal manager accessible on skype, and 4 hours withdrawals. This account has maximum payouts of up to 90% profits on the staked amount.

Best Binary Options Broker Selection Guide

The reviews above are meant to give you insight about how binary options trading works and the various brokers involved. Our aim is to ensure you have a blissful and profitable trading experience. It would be unfortunate for you to invest your hard-earned cash into a certain platform, only to lose it all. Before you settle on any of the brokers, there are a few common factors you are supposed to consider. The factors are;

Licensing and Regulation

The binary options brokers are supposed to be licensed for operation by the relevant authorities. They should be operating under the regulation of these authorities. The regulation is always in place to ensure you are protected from scams. If you are not a financial analysis professional, it would be difficult to tell whether the market trends being displayed on the charts are real. The regulation is meant to ensure the brokers do not take advantage of the naivety of some traders. Regardless of any reviews you might have seen about various brokers, ensure the broker you choose to trade with is licensed and under regulations. For instance, CYSEC is one of the most respected regulation bodies. It regulates brokers based in Cyprus. It might be challenging to best binary options brokers for us traders because of USA’s tight regualtions.

Minimum Deposit

Ultimately, you can only invest the amount that you have. Take time to explore the various binary options brokers whose minimum deposits you can meet. Fortunately, many of the brokers have broken down their services into various packages for people with different financial capabilities. Check relevant reviews to find out which of the brokers whose minimum deposit you can meet is best for you. They are a number of brokers with very minute minimum deposits.

Maximum Payouts

Different brokers offer different percentages of payouts. Obviously, everyone would want the broker with the highest payouts. Compare the payout and other factors such as customer support, market signals and tips, educational materials, and others. This will help you judge how fair the payouts the broker is offering are.

Conclusion

The reviews and guide above should help you choose your best-suiter binary options broker. We sincerely hope this review can help you trade in binary options profitably. The review has some of the top binary options brokers. You should be able to get a great binary options broker. Happy trading!

Start with a Binary Options Demo Account

TABLE OF CONTENTS:

If you are just beginning with online trading , you are most probably looking into binary options due to the simplicity of the whole process. Nevertheless, you main aim is to actually become successful and make money from the comfort of your couch. It is often possible to hear the proverb – practice makes it perfect, and this is never as true as when it comes to trading binary options online. In this article we will tell you how to start trading binaries online risk-free and how to understand when you are ready to move on with live trading.

What is a Binary Demo Account?

A demo account is also referred to as a paper trading account and the main purpose of it is to provide the potential traders with a certain demonstration of the trading platform, conditions and generally to make them familiar with the whole process of buying put and call binary options. The main beauty of a binary options demo account is that a trader can preview all of the trading mechanics without risking a single dollar of his own money. In other words, once you decide to start with binaries, you can learn the platform and test your trading strategy using virtual funds….read more about Binary Demo Accounts

How to get a Binary Options Demo Account?

Unlike Forex dealing centers, binary options brokers rarely supply demo accounts to their traders. However, almost any broker would be happy to provide a virtual money demo account account once you actually register with a broker and deposit some funds. Here is how you get such an account in 3 easy steps:

Step 1: Register at binary options broker

To get started, you would first need to be a client of a certain binary options brokerage.We recommend you to start with Opteck broker, as this broker has been verified by us and thousands of other traders. Open No deposit binary options account The whole registration process is rather easy and should not require you more than 5 minutes.

Step 2: Talk to your account manager

Once you have registered, you will have an account manager assigned to your profile. In most of the cases, an account manager will get in touch with you within a working day, yet you can also contact him first. Once you are on the line with the account manager, request a demo account explaining that you would like to preview the platform before you deposit. In most of the cases, you will get a binary options demo account straight away. However, if this does not happen – read further.

Step 3: Make a minimum deposit

Some brokers provide virtual money accounts only to the people that have already deposited. This is done to simply assure that you are willing to trade and invest your time into your success. Don’t be afraid, if you trust the broker – make a deposit and access your binary demo account. What is important to understand here is that you should not start trading real money straight away, trade on a demo account before you feel comfortable moving on to live trading.

How to understand that you are ready to real money trading?

Success is all about trial and error and binary options trading is not an exception. We certainly recommend you accomplish at least 100 trades before you can decide on moving to real money mode. Note that all of these 100 trades should not be just click-and-go, you should perform a careful analysis before purchasing any of the options. In general, you should aim for the win rate of at least 70%, hence out of 100 trades you should achieve at least 70 winning ones.

Now you know what binary options demo account is, how to get one and how to understand when you are ready to move on from paper money to real funds. It is time to act now – open an account and get yourself a virtual money account.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Sign-up Bonus!

  • Binomo
    Binomo

    Trustful Broker!

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