Ukash Binary Options Brokers

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!

Contents

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.

Olymp Trade

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.

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!

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.

IQ Option

We consider this as one of the top binary options brokers for a number of reasons. One is that they are fully regulated by CySEC and offer their services to traders from many countries across the globe.
IQ Option was founded in 2020 and is headquartered in Cyprus.

This broker’s platform is well designed and can be accessed via browser or app.
Their platform also includes dozens of different charts, indicators and other trader friendly features.

One of their strong points is the high effective returns earned per trade. You can actually earn up to 95% on successful trades. Another cool thing about this broker is the over 10 million different assets you can choose from.

If you wish to try out their platform, you can open a binary options demo account before trying out a real account. The demo account comes credited with $10000 virtual cash.

Opening a real account will require as little as $10. You can make your deposit via wire transfer, credit/debit card, Skrill and other eWallets.

Withdrawals can be made via these payment methods. Each withdrawals request is processed within 24 hours.

IQ option accepts almost every nationality but some of the countries where IQ Option is the most popular are the Russian Federation, Italy, India, Brazil and Thailand.

Broker Rating Full Review Demo

Ayrex

Several things make Ayrex among the best binary trading sites. Launched in 2020, this is one of the few brokers that are currently unregulated (although they claim to be working to get CySEC regulation).

You can enter into a trade position using as little as $1. Trades can last as long as 24 hours.

One of the reasons we chose to include Ayrex in this binary options broker review is their unique and custom trading platform.

The underlying software is extremely fast. This is quite important since the broker offers trade expiry times of as little as 30 seconds.

They also offer a neat demo account with $1000 virtual cash. One thing that stands out about this demo account is that you can actually increase the amount in your demo account in $1000 increments.

Opening a real cash account is also quite simple. The broker accepts several payment methods including wire transfer, credit card, Skrill and Neteller.

The minimum amount you need to open a real cash account is $5. Successful trades will earn as much as 83% effective return. Your withdrawals will be processed within 24 hours.

Ayrex currently offers over 50 financial instruments. Their client base is pooled from countries like South Africa, India, Indonesia, the UK and Malaysia.

Broker Rating Full Review Demo

ExpertOption

This is one of the new entrants in the regulated binary options brokers industry. ExpertOption was founded in 2020 and is regulated by the Financial Markets Regulations Center (FMRRC) and the Vanuatu Financial Services Commission (VFSC).

ExpertOption offers a modern, well-designed platform that’s powered by the broker’s own custom software.

The platform is quite fast and accessible via a web browser or mobile app. Being a new broker, their assets list is quite limited (currently just

However, the list includes cryptocurrencies which many traders are finding attractive.
You can start trading on the ExpertOption platform using their demo account which comes credited with $10000 virtual cash.

To open a real trading account, you’ll need to deposit anywhere between $50 and $5000.

There are 5 different account types each offering several trader friendly features. Every new account can attract a bonus of up to 125% which is quite high.

The ExpertOption platform accepts over 20 different payment methods including wire transfer, credit cards, Skrill and WebMoney.

Depending on your account type, you can enter a position with as little as $1 and as high as $5000. Each successful trade will attract an effective return of up to 96%.

One feature we particularly like about this broker is how fast withdrawals are processed. Depending on your account type, you can have withdrawals processed within as little as 48 hours.
You can also withdraw as little as $10.

Currently, ExpertOption is popular by traders from India, the United States, South Africa, Indonesia and Thailand.

Binary Options Brokers and Platforms

How to Compare Binary Options Brokers and Platforms

Trading binary options is done through a broker, but how do you choose the right one for you? Binary options brokers and their income matter to the professional trader, who wants to know about features and value for money.

So, what do you need to ask when selecting a broker? Well, you could start by asking the kind of questions that we’ve found customers typically ask. They usually want to know how much the minimum deposit is (and in our experience it could be anything from $5 to $250), who the broker is regulated by and whether they hold a licence, whether they offer demo accounts to practice on, whether they offer a signal service and what that costs, whether there is a mobile app, whether new traders get a bonus and what the terms and conditions are like.

And that’s just for starters. Potential traders also want to know which platform has the most comprehensive feature set, like detailed charts and technical analysis indicators. And some traders want to know if they’ll have access to a wide range of assets, like commodities, Forex, indices etc.

Traders also care about expiry times. Binary options brokers and their income are intimately tied to what they offer. The broker that offers ranges from half a minute to end of day and beyond is definitely more attractive than those that don’t. Minimum trade size, available option types (like Touch, Ladder, Boundary, Pairs and so on), extra tools like early closure, Metatrader 4 (Mt4) plugin or integration all matter to many traders.

Do they offer automated trading software? What’s the help department like? Does it have live chat or are you going to be waiting ages for emails or phone calls, and will the help you get come in a language that you understand?

Binary options brokers and their income are also linked to their payouts. Who offers the highest returns?

Regulators

Some of the most well-known regulatory bodies:

CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)

FCA – Financial Conduct Authority (UK)

CFTC – Commodity Futures Trading Commission (US)

FSB – Financial Services Board (South Africa)

ASIC – Australia Securities and Investment Commission

There are other regulators as well as these, and some brokers may well be regulated by more than one of them. This is happening more in Europe where binary options are experiencing greater scrutiny than before. All the most reputable companies will be able to demonstrate that they are regulated, because binary options brokers and their income depend on it. It might be the most important criterion for choosing a binary options broker.

Bonuses

There are other things to look at as well though, such as signing up bonuses. Binary options brokers and their income depend on attracting new custom, so they will often offer free demonstration accounts, or introductory free trades to tempt you in. Always check the terms and conditions of these though, to make sure that they don’t bring any unwelcome restrictions or expectations, and don’t make them the main reason for signing with that broker.

Demo Accounts

Binary options brokers and their income depend on happy traders like you, and one of the best ways to ensure that you are a happy trader is to give you the chance to practice on their specific software platforms. You don’t want to have to spend money just to learn, so many brokers offer demo accounts. There’s nothing to stop you opening practice accounts at a few different brokers, so you can take their software for a test drive. Are the payouts different with different brokers for the same asset? It’s well worth checking while you’re testing.

Low Minimum Deposits

When you’re starting out trying binary options, low minimum deposit requirements can be appealing because that keeps your risk low. Some brokers offer minimum deposits of just $5, and there is a growing number that will let you trade for less than $50.

Brokers also set minimum requirements for how much you trade as well, and it’s worth shopping around because of how much these can differ. Minimum trade figures vary between $1 and $25, which is a lot if you plan to trade frequently. If you’re expecting to trade a lot and you don’t have much experience then you could potentially lose a lot, which is one of the reasons why practice accounts are so attractive for beginners.

Payouts

Payout percentages vary between brokers. Binary options brokers and their income rely on the difference between payouts and deposits, so they’re keen to maximise their advantage. There are variations but it isn’t always easy to compare brokers’ payouts because they can alter according to the underlying asset in the trade, as well as the expiry time of the option. Also, payouts will move because the broker will try to mitigate their risk level. They’re a moving target!

So, the best you can do as an investor, is to check the payouts for assets, and expiry times they are most likely to make, and then look for whose terms seem best. Doing this kind of research is another reason to recommend Demo accounts.

Exchange traded and OTC brokers offer different payouts— so they aren’t easy to measure against each other. That said, exchanges are usually the better value option.

It’s clear that it isn’t easy to select the best broker but then perhaps that doesn’t matter as much as you think, because you aren’t tied to just one. If you open an account then and end up regretting it, you can move to another, and there’s nothing to stop you having multiple accounts open at the same time either.

Which is the Best Binary Trading Platform?

It’s hard to say which trading platform is best, because our preference may be different from your preference. It all comes down to personal taste. Some traders favour simplicity while others can’t live without granular detail.

That said, platforms do vary in the quality of their features and usage. You’ll find that brokers who offer CFD’s as well as binary options will have the best software trading platforms. So, names like Nadex and IQ offer a highly professional trading platform. The more professional brokers will usually provide MetaTrader integration, and some of them will offer both mt4 and mt5 functionality.

Binary options brokers and their income – how do they make money?

Binary options brokers make money in two ways: as a counter-party, via payout percentages, and via the spread or commission of exchange brokers.

If you’re coming to OTC brokers for the first time then you might be wondering where the commission is, but there isn’t any! That’s why the term brokers doesn’t really apply here. It’s a bit of a misnomer because brokers usually act as middlemen, or deal arrangers. But in this case, they’re acting as the opposite party in each one of their customers’ positions. That’s why there isn’t any commission or fee for each trade. With binary options the relationship is more like the one between a gambler and a casino.

Where brokers cover both sides of the trade, that makes for a generous margin. Where they don’t, the payout amount still protects them to some extent. In certain situations, the broker will also hedge its own position to reduce risk.

Companies that trade binary options using an exchange act a bit more like a broker. In the OTC market the platform is the counter party, but with exchange traded options, the broker is the middleman, acting as a go-between for buyers and sellers in return for a commission that’s usually part of the spread, rather than an upfront fee.

Brokers like this because they’re not exposed to as much risk, and traders like it because less risk for the broker means they’re able to offer higher returns. You can select the best broker by comparing spreads. The smaller the difference between buying and selling prices, the less it will cost you to trade.

Brokers offering the spread model frequently provide leverage too. Also known as trading on margin, this gives the trader access to a bigger trade size and the broker a bigger profit.

Should you use more than one broker?

There are a few pluses to having multiple binary trading accounts. Certain brokers suit certain trading styles or types of trade. A broker might be great for short-term types of trade and offer excellent payouts on indices, but they may be let down by their ladder trades and forex payouts. If another broker offered a full set of long-term expiries along with generous payouts, and lots of choice of ladder trades, it makes sense to use both accounts and take advantage of the best of what each has to offer.

Demo accounts. It makes sense to have a lot of demo accounts. It’s the best and cheapest way to try different products on for size and find out which ones suit you best.

Reduced risk. If you have accounts in lots of places then your eggs aren’t in one basket, which is great because if one firm goes bankrupt or they have software issues, you’ll have plenty of other options.

Sign up offers. As we’ve seen already, many brokers offer signing on bonuses, so the more brokers you sign up with the more offers you may be able to receive. As we said before though, check to make sure that the terms and conditions of these ‘specials’ don’t adversely affect your trading.

Spread winnings. Some brokers will search for winning traders on their books, to restrict their trading. This won’t happen often, but if it does happen to you then that’s another good reason to have multiple accounts. They’ll usually look at total profit rather than strike rate, so using lots of broker accounts can help your successes avoid notice.

Exchange versus OTC (Over the Counter) Brokers

Exchange Brokers

As we’ve said, exchange brokers act as intermediaries between buyers and sellers, matching the two and charging commission for the service. The market sets the prices. When there our more sellers than buyers, the price reduces until demand goes up. When there are more buyers than sellers, the option price rises.

A broker operating an exchange doesn’t care about winners and losers. They don’t get involved with, unless they’re offering leverage, so their only concern is their cut each transaction. Since the broker doesn’t carry any risk they are able to offer larger payouts to the winning trader. The commissions are relatively small too.

Other benefits include the fact that stop losses can be applied, and also that trades can be closed at any time (to take a profit or reduce losses).

That all sounds relatively straightforward, but the complicated part comes with the structure of these trades. A binary traded on an exchange will “trade” at a level of 0 to 100. Where 0 is the figure used where an event didn’t happen, and 100 means that it did. If the current price is 30, a ‘buyer’ would risk 30 times his trade size, to hopefully win 70. That means a seller would risk 70 to win 30. Not a complicated equation, but it is a little more complicated than the simple over the counter approach.

OTC (Over the Counter) Brokers

Over the counter (OTC) brokers are the most common type, but as we’ve seen, it’s not really right to call them brokers, because they take the role of counterparty in the trade. If the trader wins then they lose, and vice versa. But when they have another trader who has made the exact opposite trade, they can’t lose. Binary options brokers and their income depend on this kind of approach.

As this is riskier, brokers will offer a lower payout to mitigate some of the extra risk they are taking, so they’re likely to be paying out less than an exchange broker. Some brokers also use ‘hedging’ mechanisms to reduce their risk.

When using OTC brokers binary option trading remains simple. They’re much better at competing with exchanges now starting to offer ‘cash out’ values, so traders can close positions early, and set up stop losses. When such features become ubiquitous, OTC and exchanges will be more evenly matched. Right now, exchanges represent the better option for traders, but it’s best to use a demo account to become familiar with them first.

Payment Methods

Deposit and withdrawal options vary from brokerage to brokerage. Here are the ones most frequently accepted:

  • Neteller
  • Paypal
  • Skrill
  • Webmoney
  • Paysafecard
  • Ukash
  • Visa
  • Amex
  • Bitcoin
  • Wire Transfer
  • Credit cards / Debit cards

Trusted Binary Options Brokers List

During the last few years, an increasing number of people are getting involved in binary options trading. Similarly, the number of binary options brokers has increased to cater for this growing interest. Currently, it is estimated that there are more than 450 brokers who are providing these services. The high number of brokers available is good for the industry because it necessitates competition and hard work to meet the various needs of traders.

Binary Options Brokers Reviews

Filter by tags:

Before channeling your hard-earned money to open an account with any binary options broker, it’s crucial you understand how they operate and whether they are suitable to hold your cash. The choice of a broker can really be the difference between having a successful career or failing to realize your dreams.

Furthermore, we have categorized the various brokers based on their respective regions. This way, you can easily locate a good broker operating in your geographical location and open an account right away.

Top 5 Trusted Brokers 2020

The best binary options brokers in the industry have certain qualifying traits that set them apart from the rest. These brokers provide a perfect mix of diverse asset base, variety of trading accounts, convenient and secure deposit and withdrawal methods, a reasonable level of financial stability, high rate of profitability, command a high reputation in the industry, and most importantly, backed and operated by a strong and professional team.

There are many other brokers that are also considered to be in the list of the best binary options brokers due to the top-notch services and facilities they offer.

Broker Rating Full Review Demo
Regulation Turnover Minimum deposit Founded Bonus
CySEC up to 100% $100 2020 No Read review
CySEC, IFSC, CONSOB, BAFIN 90% $250 2020 No Read review
FCA 85% £100 2020 50% Read review
FCA 81% $250 2020 100% Read review
CySEC, FCA, BAFIN, CONSOB, AMF, Regafi 95% $10 2020 up to 50% Read review

Brokers Accepting US Traders

There are some very professional and reliable binary options brokers available online. However, not all of them offer trading for USA customers due to regulatory restrictions.

Here are some highly reputable brokerage companies offering online trading services to USA clients with some attractive benefits.

  • Instaforex offers up to 85% payout with a bonus of up to 100%
  • OptionRobot is the most popular binary options robot in the industry, that working with brokers who accept traders from the USA

Binary Options Brokers in Australia

We have also conducted a check regarding binary options brokers offering excellent trading services to Australian clients. Here is a list of some brokers licensed to operate in Australia:

  • PlusOption allows a minimum investment amount of USD 250. You can get up to 81% payout with the broker.
  • Finpari allows traders to open an account with initial deposit of USD 250 and offers up to 100% bonus. The broker’s payout is up to 85%.

Binary Options Brokers in Canada

Canada blocked 37 binary options brokers in March 2020, but there are still number of brokers providing binary options trading for canadian traders.

Here is a list of some of them:

  • Finpari
  • PlusOption
  • StoxMarket provides free demo account and bonus of up to 100%

Low Purchase Binary Options Brokers

Offering low purchase binary options is also an important feature that distinguishes some brokers from the others.

  • IQ Option allows traders to execute trades with just USD 1. The broker’s maximum single trade limit is USD 5,000, minimum deposit amount is USD 10, and maximum payout is up to 91%.
  • Ayrex allows a minimum trading amount of USD 1 and a maximum single trade limit of USD 5000. The minimum deposit amount is USD 10 and you can expect to make profits of up to 85%.
  • Binary allows traders to use as little as USD 1 for trading. The broker’s maximum single trade limit it USD 3000, minimum deposit amount is USD 10, and maximum payout is 85%.

Brokers Offering Free Demo Account

A free demo account means that trading is carried out with virtual money without involving any real money. This way, you can conveniently practice and gain the necessary familiarity with binary options trading risk-free.

Choose Trusted Binary Option Broker

Binary options trading is quite a sensitive industry and a lot of funds are normally at stake. Since the internet is littered with all sorts of binary options brokers, it is important that serious trading of binary options be done only with trusted and highly reputable brokers.

We surveyed various online forums and interviewed various active traders to find out some trusted binary brokers who deliver up to the promise. From the survey and the feedback we got from active traders, we can confidently affirm that some of the trusted brokers in the industry include Finpari, Opteck, Magnum Options, 24option, and IQ Option.

Tips for Choosing Binary Options Brokers

It is important to choose a binary options trading broker very carefully and with full knowledge and understanding of the outcomes of your decisions.

Here are some key tips you can use when choosing a broker for binary options trading.

  1. Trading Platform: It is very important to work with a broker who has the best trading platform. Most brokers have customized platforms but you must ascertain whether they are suited for trading binary options.
  2. Assets: The range and variety of assets a broker offers is critical. Different brokers offer different types of assets. Thus, you should choose a broker offering financial instruments that resonate well with your preferences and trading style.
  3. Minimum deposit: With a suitable initial deposit, you can conveniently test whether your preferred broker has what you were looking for.
  4. Localization: Choosing a broker operating within your locality could mean access to trading conditions that are aligned to your needs and preferences.
  5. Regulation: You should do a thorough background check to ascertain if your preferred broker is under an authentic regulatory body. Choosing an unregulated broker could land you in problems and deteriorate your career ambitions.
  6. Deposit / Withdrawal options: Traders are usually cautious about the procedures of deposit and withdrawal of money from the broker. It is important to check whether you are comfortable with the type of deposit and withdrawal options offered.
  7. Payout %: The payout percentage varies between different brokers. If you are planning to trade binary options, then it is important to check the level of payout percentage offered so that you are able to choose accordingly. There are brokers who offer payouts well above 85%.
  8. Bonus: Some brokers offer bonuses in monetary terms while others offer bonuses in percentage terms. You should check out what type of bonus a broker is offering before committing to start trading with that broker.
  9. Demo account: Practice is very important, as it will provide the familiarity and ease necessary before you commence trading. You should try out the free demo accounts provided by the binary options brokers so that you are able to choose the platform of your liking.
  10. Customer service: Go for a broker with a friendly, supportive, and outstanding customer service department.

It is important you spend the hours and search for a good binary options broker that will provide you with the best conditions for trading. Fortunately, we have done the legwork for you so that you can have an easy time selecting a top-notch broker.

With the above in-depth review, there are great chances that you will choose a superb binary options broker that will be ideally suited for you. And, it will serve as the cornerstone for establishing a successful career in the lucrative binary options market.

Best Binary Options Trading Brokers for 2020

Below you will find a list of Binary Options Brokers that offer various binary contracts for trading. Although the term may appear to be very confusing, it’s not that complicated. A binary option is a sort of a contract with a value, expiration date and determined conditions of winning. By purchasing it, you technically make a bet. Most common wager is to predict whether the asset’s price will go up or down from a certain level and stay there until the option expires. Most tradable assets are currencies, indices and some commodities. There used to be much more brokers offering binary options, but many regulatory authorities placed restrictions and prohibited that kind of trading.

Binary options for the retail market were instituted in 2008 when the first description of this product was approved by the US Securities and Exchange Commission. The initial description of what is now known as US-style binary options was based on assets that were listed on exchanges, with traders pitting their bets against each other.

A short while later, a different model of binary options was developed and introduced to the world by brokers based in Europe and Israel. This model (European-style binary options) was essentially based on off-exchange trading of CFDs. However, what followed was years of unwholesome practices and remarkable scandals, which led to the shutdown of the industry in Israel by regulators there, and in the UK and EU region by the European Securities and Markets Authority (ESMA).

The industry is presently undergoing a self-cleansing, and we now have offshore brokers who are showing better commitment at playing by the rules and ensuring their clients get a good deal for their money.

What led to the near collapse of the binary options market?

The answer lies in only one direction: shady brokers and their agents all over the globe. But perhaps some portion of the blame can go to regulators, who were generally very slow in rising up to the occasion to protect the clients, whose money constituted the entire financial backbone of the market.

Brokers are meant to create markets for their clients to trade and are supposed to ensure transparency and safety of trading venues, while maintaining some level of neutrality. However, what occurred between 2020 and 2020 was a situation where a lacuna in regulation led to the emergence of fraudulent entities. These fly-by-night operators set up “brokerages” that were essentially criminal enterprises, specifically designed to rob traders of their hard earned cash. These scam brokers devised several means of ripping off their unsuspecting customers.

A) A common method was the use of call center agents, who unscrupulously obtained contacts of prospective traders and literally harassed them into making ever-increasing deposits, with promises of helping them reap bountiful returns on their investments.

B) There was also the use of volume requirements for incentive bonuses, which were tied to the ability to make withdrawals. Traders soon found out that achieving these volume requirements was practically impossible, thus ending any opportunity at retrieving capital or profits made.

C) In some brazen instances, agents in the brokerage house would access trader accounts from the back end, and execute trades that had been deliberately configured to lose on those accounts. There is at least one case known to the writer where $5,000 was stolen in this manner. Prosecutors and law enforcement agents presently have warrants on the identified personalities behind that brokerage.

Perhaps the case that brought binary options into very negative light, prompting calls for an EU-wide ban, was the unfortunate case of a Canadian investor who lost his life savings after patronizing a shady brokerage entity. The eventual suicide of this investor was the breaking point; EU and UK regulators took action and shut down binary options in Europe and the UK.

Lessons learnt

It is not only traders that suffered from the criminal activities of the scam brokers. Legitimate brokers such as Binary.com paid a very heavy price, as they lost a significant amount of the market share in an industry where they could be said to be the pioneers. Binary.com (which is listed below as one of the best binary options brokers of repute today) and several other legitimate companies around the world were forced to make major changes to their operational models, in an attempt to improve transparency and to bring back badly eroded investor confidence into the market.

Some of the changes which have been introduced include:

A) Restriction on issuance of bonuses, a lot of which is now provided as cashback for volume trading.

B) Robust trader education, in order to ensure that only informed traders use the binary options platforms.

C) Provision of demo accounts, which many of the defunct brokers never provided for their clients. No longer will traders be deprived of the opportunity to test their strategies and learn the process using virtual accounts.

D) Enhancement of the analytical tools on the platforms, to replace the archaic methods of the old order which provided traders with only line charts and zero tools for analysis!

E) Elimination of confusing binary options bet types and sticking to the classical binary options.

F) Getting their entities regulated in the countries of operation, to enhance user protection and boost broker accountability to enforcing regulatory institutions.

G) Incorporating new asset classes (e.g. cryptocurrencies) to the mix.

Criteria used in broker selection

In selecting the binary options brokers displayed in our list below, the following parameters were used in the process of consideration and selection to ensure that only the most genuine brokers are available for you. We have thus made the process simple, knowing that it is quite a challenge for traders to be able to select these brokers on their own.

The issue of regulation cannot be emphasized enough. The only way traders are going to be protected is by regulating the binary options providers they operate with. Anything short of this will be inviting the old demons back. Regulation also provides for greater accountability and ensures that investor confidence is never lacking in the market.

2) Corporate Governance Structure

A look was taken at the structure with which the listed brokerages operate. Many of them have been around for more than 9 years, and have invested in improving their platforms and trade offerings. These brokerages also have properly defined corporate hierarchy and a face to which the company can be tied to. For instance, the CEO of Binary.com is well known. Olymptrade has a very active presence in an online forum in Africa. Brokerages like Go Markets have officials who are also well known. There are no faceless companies in our list.

3) Openness and Reachability

The brokers listed here all have verifiable contact addresses and can be reached by phone, email and social media channels. Compare this with the old order where some brokerage operations were essentially husband/wife run establishments, operating out of a kitchen (yes, a “binary options broker” was found to be just that several years ago).

4) Trade Conditions

The trade conditions for each broker were also reviewed. For instance, we looked at factors such as stability of the platform, uptimes and downtimes, accessibility of customer support, latency of price and data feeds as well as how the brokers handled counterparty risks. Brokers that were found wanting were eliminated from the list.

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!

Like this post? Please share to your friends:
Binary Options Wiki
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: