Dan Bova – Top Ratings & Reviews of Best Binary Options Brokers & Trading Platforms

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

List of the best 5 Binary Options Brokers 2020 | Comparison

Table of Contents

Broker: Review: Regulation: Return on investment: Advantages: Account opening:
1. IQ Option (5 / 5)
➜ Read the review
CySEC (Cyprus Securities and Exchange commission) up to 100%+ + Best platform
+ Best support
+ Highest yield
2. Binary.com (5 / 5)
➜ Read the review VFSC, FSC, MGA up to 100%+ + Automated Trading
+ High yield
+ Forex & CFDs 3. Expert Option (4.5 / 5)
➜ Read the review VFSC up to 90%+ + Good Support
+ Account Types
+ Social Trading

4. Pocket Option (4 / 5)
➜ Read the review IFMRRC up to 95%+ + Accepts any clients
+ Bonus program
+ Social Trading 5. Binarium (4 / 5)
➜ Read the review No Regulation up to 95%+ + Accepts any clients
+ Bonus program
+ No fees

You are searching for a reliable Binary Option Broker? – Then you are right on this website, we show you a list of the 5 best trading platforms for digital options. Binary Options have pros and cons but what is more important to find a good Binary Options Broker. With more than 7 years of experience in the financial markets, we exactly know how to spot a reputable trading platform. Inform yourself about the 5 best brokers and their characteristics. Should you invest your money with Binary Options? – Find it out.

How to spot a reliable Binary Options Broker:

On this website we only show you tested Binary Options Brokers by ourself. We want to be sure that the companies pay out the profit. Be aware of trading Binary Options because there is a lot of scam on the internet. That is why you should check a broker before you sign up and invest your hard-earned dollars.

To find a good Binary Options Broker we have different criteria. Safety for customers is the most important point. In addition, a trader needs professional trading software and a high return on investment. The following criteria are used to find a good broker.

Our criteria for a good Binary Options Broker:

  • Regulation of finance authority
  • Safety for customer funds
  • Free demo account for testing
  • Low minimum deposit
  • High return on investment (yield)
  • Usefull trading platform with analysis tools
  • No hidden fees
  • Fast execution of trades
  • Available support in different languages

Regulation and safety for customers

We have to note that Binary Options are not allowed or supported in some countries. That is why not every Binary Options Broker accepts customers from certain countries. Mainly unregulated Binary Options Brokers accept international and all clients. The demand for trading binary is very high that is why we also show you 2 unregulated brokers who are accepting any clients.

Safety for the customer is important and every broker understands it. The company is regulated and is using regulated payment methods. The brokers guarantee the safety of customer funds which are managed in big trustworthy banks. The client’s funds are separated from the companies money.

For example, you will find the regulation and company information mostly on the bottom of the broker’s website:

Example regulation of Binary.com

Binary Options bann and fraud:

In the most cases Binary Options is an OTC (over the counter) traded product. Traders are trading against each other on the brokers platform. In the past there was a lot of fraud around this financial product. That is why some countries try to bann Binary Options or made more secure regulations. For example, in Europe Binary Options are only sold to professional clients at the moment and in the United States of America the Securities and Exchange Commission only allow exchange-traded Binary Options.

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

How do Binary Options work? – Quick Tutorial

How to trade Binary Options? – In this section, we will give you a short overview of the finance product. The most mistakes are happening because of misunderstanding.

Binary Options have only two main results:

  • You loose your investment amount
  • You get your investment amount back and earn a high yield
  • (If the price is not moving you get the money back)

It is very easy to trade Binary Options. That is why it is a popular investment. First, you have to analyze the chart and market for a potential trading idea. If you are sure to invest you can open the trade. Make a forecast of the price movement. You can invest in rising or falling prices. You buy (call) or sell (put) after you have chosen the investment amount and the duration time of the trade. The price has to be above or below your entry point (strike price) in order to get the return on investment.

Binary Option Trading example (short trade)

How to trade Binary Options:

  1. Make a forcast of the price movement
  2. Choose the duration (expiry time) of the option
  3. Choose the investment amount
  4. Click on buy or sell
  5. Wait till the duration time is over or sell the option before
  6. Make a return on investment or lose the investment amount

Detailed comparison of the 5 best Binary Option Brokers

We tested every Binary Option Broker which we publish on this website in detail. In the next section, we will give you a deeper look into the trading platforms. You will get the first-hand experience and if you want to read more information you can visit our full review of the companies. The Binary Option Brokers are listed after your review conclusions.

1. IQ Option

IQ Option Trading Platform

In our list IQ Option is the Best Binary Options Broker. This platform can offer a phenomenal service for the trader. For many years the brand is well known in the industry. It is a European company which is acting internationally, international clients are accepted.

You can start with a low minimum deposit of $10 or a free demo account. It is possible to trade more than 300 markets on the platform. There are binary options, digital options, forex, CFDs, stocks, and ETFs. It is a multi-asset brokerage. Moreover, the return on investment is very high and up to 100%+. The company also offers VIP accounts to get more returns.

What makes IQ Option so unique? – It is the perfect trading platform. You will get very nice handling which you will not get on other platforms. Watch more than 100 education videos and chat with other traders. Also, there is 24/7 support in different languages. Overall, IQ Option has the best features for binary trading.

Conditions for IQ Option traders:

  • European broker and company
  • Regulated and high safety for customers
  • Multi-asset brokerage
  • Trade binary options, forex, stocks, ETFs, CFDs and more on one platform
  • In comparison the best trading platform with the most features
  • Free demo account with $10.000
  • Low minimum deposit of $10
  • No hidden fees
  • 24/7 support for traders
  • Free education for traders

2. Binary.com

Official website of Binary.com

Binary.com is the oldest broker for Binary Options and active since the year 2000. It is also an international company which got different regulations around the globe. Binary.com invented online trading for Binary Options and offers a professional trading platform. If you want to start to trade you can use the free demo account or start with a minimum deposit of $5.

What is so special about this broker? – There are many opportunities to invest in the platform. You can trade options, forex, and CFDs. More than 100 different assets. Binary.com is the only broker for Binary Option which support automated trading. You can create a bot by yourself on the trading platform and let it run.

The return of investment can be up to 100% and the spreads are very low for forex trading. Beginners can enjoy educational tutorials for each platform of Binary.com. The platform is available for any device. Furthermore, the broker support trading with the popular software MetaTrader 5. All in all, Binary.com is a reputable broker for binary trading.

The conditions for Binary.com traders:

  • Popular broker since 2000
  • Multi regulated company
  • Accepts international traders
  • Free demo account
  • Minimum deposit only $5
  • More than 100 markets to trade
  • Forex, CFDs, stocks, commodities, and more
  • Return on investment up to 100%
  • Multi-platforms
  • Supports automated trading (bot)
  • MetaTrader 5
  • Support in different lanugages 24/5

3. Expert Option

Expert Option Trading platform

Expert Option was founded in 2020 and offers Binary Option trading on more than 100 assets. The company is based in Saint Vincent. It is a regulated broker by the Vanuatu Financial Service Commission (VFSC). Expert Option makes a good impression on us because of the professional trading platform. With one click you can create a free demo account with $10,000.

The minimum deposit is starting from $10 and if you deposit more money you can get a higher account type up to platinum. The return on investment is up to 90% and is depending on the market situation. For example, by using the platinum account ($5,000) you get an increased profit of 4%. The platform is only for short-term trading with a maximum duration of 5 minutes. This is a little disadvantage for us.

Another special feature of the platform is the social trading function. You can follow other profitable traders to make a profit. Furthermore, education material, webinars, and analysis are offered for free by Expert Option. All in all, Expert Option is a safe and recommended broker for trading.

The conditions for Expert Option Traders:

  • Binary Option Broker since 2020
  • Regulated by the VFSC
  • Free demo account
  • Minimum deposit of $10
  • Only short-term trading
  • More than 100 assets
  • Return of investment up to 90%
  • Account types
  • Social Trading
  • 24/7 support
  • Education and training for traders

4. Pocket Option

Pocket Option website screenshot

We already made a lot of trading videos with Pocket Option on our Youtube channel. It is a reliable broker which accepts all type of clients from every country. The platform is very new and has a lot of different features for trading. Binary Options and forex trading is offered by a minimum deposit of $50. Also, you can join the platform with a free demo account.

Pocket Option is a new broker who knows how to attract new customers. The return of investment can be up to 95%+ and there is a free achievement program. You can earn gifts by trading on the platform. Also, a bonus program is offered for every deposit and trader. You can double your deposit to make more profit.

You can trade forex, cryptocurrencies, stocks, and commodities with one click. From our experience the execution of trades is at its best. Another good feature is the social trading function. You can copy other traders. In conclusion, Pocket Option is a very interested broker with a lot of opportunities.

The conditions for Pocket Option traders:

  • International offshore broker
  • Accepts every client
  • Regulated by the IFMRRC
  • More than 100 assets
  • Minimum deposit of $50
  • Free demo account
  • Free bonus program
  • Social Trading
  • Support 24/7
  • No fees

5. Binarium

Binarium official website

Binarium is an unregulated Binary Options Broker from Cyprus (EU). The company exists since 2020 and offers binary trading. The trading platform looks like the same design of IQ Option. The biggest advantage of Binarium is that the broker accepts clients from every country. You can sign up and start trading directly

There is also a free demo account and if you want to invest real fund you have to deposit $5 or more. The funds are managed in European banks for safety. On the platform, there are more than 50 different markets to trade. The maximum yield is up to 95% and you can grab a free bonus for your deposit if you want.

Binarium offers short-term and long-term trading 24 hours per week. You can use a lot of different analysis tools to create strategies or trading methods. Each tool can be customized by the user. From our experience, Binarium is a typical offshore broker which gives good conditions for binary trading.

The conditions for Binarium traders:

  • Binary Options Broker since 2020
  • Based in Cyprus
  • Not regulated
  • Free demo account
  • Minimum deposit of $5
  • Bonus program
  • High return on investment up to 95%
  • No hidden fees
  • Support in multi-language
  • Professional trading platform

Conclusion: High return on investment is possible with a good Binary Options Broker

On this website, you find the reputable and latest information about Binary Option Brokers. We showed you the best companies to trade with which are tested by us with real money. You can test these trading platforms also by yourself with a free demo account. In addition, the minimum deposits are very low and you can start with a small amount of money.

If you feel comfortable you can invest more money to increase your profit. With these platforms, you get access to a lot of different financial markets. Start trading by using short-term or long-term options.

Finding a good Binary Options Broker is not so easy because the choice is quite large on the internet. With our criteria, we found the best brokers and presented them to you. For more information you can read our detailed reviews:

Binary Options trading can be secure with the right broker. On this site, we showed you the best companies.

2020 Best Broker

Features

Min Deposit
Min Investment

2020 Best Robot

Features

Min Deposit
Min Investment

Best Binary Options Brokers And Trading Platforms Reviews, List & Comparison- Binoption

Choosing the best binary options brokers can be a nightmarish task for many. A lot of factors are involved in choosing a broker. However, this daunting task can save you from countless hours of frustration and losses.

Currently, there are thousands of online brokers. Among those, traders and investors try to get authentic information about brokers before investing with them.

Here, through this article, we will guide you how to choose the perfect broker that suits all your trading needs.

We realize that not everyone who visits us is a top trader. Ensuring all the necessary features, we will provide you the best binary options brokers for beginners.

To help you to choose the broker you can invest on. Currently, we compare every broker on the basis of important factors such as minimum deposit, minimum investment, regulation, demo accounts, asset index, payouts, mobile trading, and more.

We will discuss each of these factors in detail down below. Moreover, we rate brokers on each of these features and present you an overall rating.

Our reviews are unbiased and aim at giving you a clear picture on the broker. Because, we are very particular when it comes to recommending our readers.

Our reputation and goodwill depends on these recommendations so we leave no stone unturned in giving you the most accurate, up-to-date, and useful information.

Binary Options offers a versatile list of assets to trade such as forex, crypto, indices, stocks, and more. Hence when trading with these brokers, you get access to a vast array of trading assets.

Beside this, many binary options brokers are providing CFDs and Forex trading also. In the table below, is our list of binary options broker comparison table where you will find our list of recommended brokers that have earned our seal of approval.

Furthermore, we have a top broker section, where you will find only the best binary brokers. If you have any concern about any broker from our list, please get in touch with us.

Binary Options Brokers and Platforms – Reviews and Comparison

We have compared the best regulated binary options brokers and platforms in April 2020 and created this top list. Every broker and platform has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The sortable broker comparison list below shows which binary trading sites came out on top based on different criteria.

You can sort the list using payout (maximum returns), minimum deposit, bonus offers or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. Below the comparison list is some advice on how to pick the best trading platform for you, as this will often come down to your personal requirements and needs.

Top Brokers

Binary Options Brokers
Broker Regulated Min Deposit Payouts Bonus
Nadex Exchange $250 100% » Visit
RaceOption $250 90% 100% Deposit match bonus » Visit
BinaryCent $100 85% 100% Bonus on ANY 1st Deposit » Visit

How to Compare Brokers and Platforms

In order to trade binary options, you need to engage the services of a binary options broker. Here at binaryoptions.net 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 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
    conditions ?
  7. Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
  8. Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices and stocks – and how many of each?
  9. Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of day, long term etc?)
  10. How much is the minimum trade size or amount?
  11. What types of options are available? (Touch, Ladder, Boundary, Pairs etc)
  12. Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
  13. Do they operate a Robot or offer automated trading software?
  14. What is the Customer Support like? Do they offer telephone, email and live chat support – and in which countries? Do they list direct contact details?
  15. Who has the best payouts or maximum returns? Check the markets you will trade.

We cover as many of these comparison factors as possible in our list above, but we go into much more depth within each review.

Regulated Binary Brokers

Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option.

Regulated Binary Options Brokers April 2020

Broker Regulator Instruments
Binary.com Malta GA BO, CFD
IQ Option CySEC BO, CFD, Crypto, Forex
BDSwiss CySec BO, CFD, Crypto, Forex
24Option CySEC BO, CFD, Crypto, Forex
Nadex Exchange CFTC BO, Forex
HighLow ASIC BO

Regulators

Leading regulatory bodies include:

  • 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 in addition to the above, and in some cases, brokers will be regulated by more than one organisation. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort.

Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner.

Bonuses

Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment or risk free trade . Whatever the form of bonus, there are terms and conditions that need to be read.

It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt out’ of taking a bonus.

Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over trade’. If the bonus does not suit you, turn it down.

Demo Accounts

Binary options demo accounts are the best way to try both binary options trading, and specific brokers’ software and platforms – without needing to risk any money.

You can get demo accounts at more than one broker, try them out and only deposit real money at the one you find best. It can also be useful to have accounts at more than one broker. For example, payouts for two different assets might be best at different brokers. You can shop around, and use whichever account has the best payout for that asset.

Demo accounts offer the best way to try out a brand, risk free. Likewise if we recommend a brand, you can try it first, before risking anything.

Low Minimum Deposits

If you are looking to get involved with binary options for the first time, low minimum deposit requirements may be of interest. For traders just looking to try binary options, a low minimum deposit broker might be best. A small initial deposit keeps risks low. Minimum deposits start at just $5 and there are a growing number of brokers offering low minimum deposits – “low” would be any minimum under $50.

Likewise, all brokers will have a minimum trade requirement or trade amount too. These can vary greatly between platforms. Minimum trade figures range from $1 to $25 – which is a large difference if a trader plans to trade frequently. For some traders, this might be less of a factor in terms of finding the best broker for them, but for others it will be very important. Practice accounts are a zero risk way of learning to trade.

Payouts

One element many traders use to find the best binary options trading account, is the payout percentage on offer. This is not always a simple comparison however. Payouts will change based on the underlying asset being traded, and the expiry time of the option. In addition, payouts will change as the broker manages their own risk. So if one broker was originally the best price, things may then revert and mean that another now has the top payout.

So the most an investor can do, is to check the payouts for assets, and expiry times they are most likely to make, and judge which brand offers the best terms most often. Demo accounts are good when researching payouts on specific assets and trades.

Exchange traded and over the counter brokers will have different payouts – and they will not be easy to compare. In general, exchange traded options offer superior value. Nadex are one example of an exchange.

So as you can see, finding the best trading account and broker is not always easy – but it is worth noting that you are free to move between brokers whenever you like. So even if an account turns out to be poor, it is easy to up sticks and find a new trading firm. Likewise, a trader could have multiple accounts, and open trades at the broker with the best terms for that particular trade.

US Regulated Brokers

In the US, the Commodity Futures Trading Commission (CFTC) have only licensed two operators – Nadex and CBOE – to provide binary options trading to clients in the USA.

Brokers based in Europe will not generally accept US residents as clients, as doing so can result in large fines. Some off-shore providers will accept US citizens as their regulatory status permits them, but the CFTC may ultimately step in if they deem it necessary.

CFTC regulated brokers:

Nadex Exchange $250 100% » Visit

Which is the Best Binary Trading Platform?

Naming the best trading platform is not easy, simply because trading platforms and proprietary (bespoke) software are normally a question of personal taste. One user might like a simple layout, while others might need a lot of data on screen all the time.

However, platforms do have different levels of quality, both in terms of ease of use, and features. Broadly speaking, brands which offer Contracts for Difference (CFDs) in addition to binary options, deliver a more feature-rich trading platform or advanced software.

So the likes of Nadex and IQ, will deliver a very professional trading platform. MetaTrader integration is also normally provided at the more professional brokers (Some use both mt4 and mt5 functionality) . This difference in quality is evidence of the maturity of binary options as a product, but binary brands will catch up very quickly.

Intro To The IQ Option Platform

How do Brokers Make Money?

Binary options brokers make money via one of two business models:

  1. As a counter-party, ensuring an ‘over round’ via payout percentages. Known as ‘Over the counter’ (OTC)
  2. Via a spread or commission on an exchange traded model

People who have experience of other forms of trading, and are now approaching over-the-counter (OTC) brokers for the first time may find themselves asking the question: “Where is the commission?”.

With OTC binaries however, there is no commission. In theory, the term ‘brokers’, is not correct. Binary firms are not arranging a deal or acting as a middleman, or as a market maker; What they are, is the counter-party to each of their customers’ positions. So there is no fee or commission for the trade. Instead, each customer is essentially betting against the house. Where brokers have both sides of a trade covered, they have a handsome margin. Where they do not, the payout still gives them a level of protection. In certain circumstances, the broker will also hedge it’s own position to mitigate risk.

Those companies (Nadex, for instance) that trade binary options via an exchange operate much more like a ‘broker’. Unlike the OTC market where the platform is the counter party, with exchange traded options, the broker is the middleman – matching buyers with sellers and charging a commission. This charge is normally hidden within the spread, rather than an explicit cost. There is far less risk involved for the broker, and therefore generally better returns per trade for the trader. Brokers can be actively compared using the spread – the tighter the spread (difference between buy and sell prices) the cheaper it is to trade.

Brokers using the spread model often also offer leverage, or trading on ‘margin’ via their software. This increases the trade size for the trader – and profit for the platform.

Should You Use Multiple Brokers?

There are some very good arguments for having more than one binary trading account:

  • Brokers suit certain trades. Different brokers will suit different trading styles, or trade types. So one broker might be excellent for shorter term trade types, and have great payouts on forex pairs. But that same brand may be slightly less good when it comes to offering boundary trades or indices payouts. If a rival had a full set of long term expiries with great payouts, and lots of choice of boundary trades – it makes sense to have accounts with both platforms, and place trades with the broker that offered the best deal for each trade.
  • Demo accounts. Multiple demo accounts makes perfect sense – you want to try as many brokers and trading platforms as possible before deciding where to trade.
  • Reduce risk. Accounts at more than one broker protects you from any issues with a particular firm. From issues as serious as insolvency, to smaller things, like website downtime, software issues or a market being closed – multiple accounts reduces your risk of being affected by any hardship a broker might face.
  • Multiple offers. Each sign up can mean a new bonus, so it might be worthwhile taking up more than one account to receive all the offers. As ever, read the terms – and also note that on occasion, larger deposits might mean larger bonuses – so splitting them may not be the best choice.
  • Spread winnings. Some brokers may look for winning traders on their books, with a view to restricting their trading, perhaps limiting trade size – or worse. While this threat is thankfully small, multiple accounts means spreading the winnings out. Most brokers will search for “winners” based on total profit rather than strike rate, so hiding the volume across broker accounts can help you stay below their radar.

Exchange versus OTC (Over the Counter) Brokers

Exchange Brokers

A broker that offers an exchange is much closer to a traditional ‘broker’ than OTC brokers. An exchange performs the job of ‘middleman’. They will match a seller of an asset, with a buyer of the same asset, and charge a commission for putting the deal together. The market itself will decide the prices – if there are more sellers than buyers, the price will drift down until demand rises. If there are more buyers than those willing to sell, the option price will rise.

A broker operating an exchange does not mind who wins and who loses. They take no risk on the trade themselves (unless the traders are trading on credit). The broker will make their commission on the trade regardless of the outcome.

Due to this reduced risk for the broker, the returns for a winning trader are generally larger. Commissions are usually small relative to the size of the trade, meaning they do not impact the payout too much. 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).

The complications with exchanges, comes from the structure. An exchange traded binary option will “trade” somewhere between 0 and 100. Where 0 is the figure used where an event did not occur, and 100 where it did. If the current price is currently 30, a ‘buyer’ would risk 30 times his trade size, to potentially win 70. A ‘seller’ therefore, would risk 70 to win 30. While not a complicated equation, it is slightly more complex than the straight forward over the counter option.

OTC (Over The Counter) Brokers

The most common type is the Over the counter (OTC) broker, but this type of firm is not really a ‘broker’ at all strictly speaking. They are the counter-party to one side of the trade. So where a trader opens a position, the broker will win or lose money, based on whether the trade wins or loses. Only where the broker has another trader who has made the exact opposite trade, will they have assured profits.

Due to this increased risk, the brokers will offer a lower payout which mitigates some of the risk they are taking. It is therefore likely to be lower than an exchange traded broker. Some firms will also have built in ‘hedging’ mechanisms to reduce risk further. In some cases, one side of trade might be made unavailable if liabilities get too large.

The simplicity of binary options is retained with OTC brokers. They have also made great strides in competing with exchanges by offering ‘cash out’ values for options, allowing traders to close positions early, and set up stop losses. Once those features become common the gap between OTC and exchanges will get smaller. For now, traders are better off trading on an exchange – but might be advised to learn the differences via demo account.

Have you had a problem with your broker? Submit a complaint

Payment Methods

Deposit and withdrawal options do vary at each brokerage. Each of our reviews will explain which each firm offer, but below is a list of the most common options.

If you are looking for brokers that support a specific payment method:

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

Read More

All of the factors covered above will ultimately affect the way a trader plays the market, and therefore, their profitability. The ideal situation is to get a binary broker that offers:

  • Several financial assets spread across several markets
  • Offers a reasonable bonus with a good payout approaching 90%
  • Offers flexible expiration dates without boxing traders into very long expirations.

Trading using a broker’s platform will only be enjoyable, and profitable, if you are using a reputable operator. You also need to choose one that suits your trading style best – only you will know what that is. Read the above binary broker reviews carefully before making that crucial trading decision, but remember you are not tied in to any single broker, and can pick and choose.

User Satisfaction 99%

IQ Option has used the latest technologies to create a trading platform that gives its clients an easy, smooth, and fun trading experience. Read Reviews

User Satisfaction 100%

MarketsWorld is owned and operated in the Isle of Man, Great Britain by MarketsTheWorld Limited. Read Reviews

User Satisfaction 100%

We are the market leader in Europe in the online trade in Binary Options. We make trading in Binary Options reliable, convenient and simple. Read Reviews

User Satisfaction 97%

Ayrex offers the most popular types of binary options and the minimum investment required is just $5. Read Reviews

User Satisfaction 71%

OptionFair is a reliabble binary options broker that provides traders with the ability to trade by investing in a variety of assets. Read Reviews

User Satisfaction 100%

BinaryTilt provides trading solutions for active Binary Option traders, as well as traders that are new to the Binary Options market. Read Reviews

User Satisfaction 100%

Founded in 2020, GTOptions offers high returns of 70% to 90% for a successful trade. Read Reviews

User Satisfaction 100%

OneTwoTrade is a leading provider of binary options trading services to individual traders around the globe. Read Reviews

User Satisfaction 100%

Stockpair is a world leading online platform for binary options and pair options trading. Read Reviews

User Satisfaction 100%

99Binary provides a simple, safe, and informative trading solution for traders to profit from the fast-growing binary options trading market. Read Reviews

How To Choose The Best Binary Option Broker

Binary options trading is a relatively new investment method where you can profit by predicting the price movements of a range of dynamic stocks, commodities, indices, and currency pairs. The main reason why binary options trading has become popular so quickly is because you only have to select Yes or No when placing a trade. This dual choice gives binary options trading its name, and is also the reason why most binary trades are called ‘ Call or Put ’ trades.

Traders do not have to buy the actual asset. You simply have to decide whether the asset price will rise or fall within a specific time period. Binary trading services help individual traders and financial institutions participate in the field of binary options. These brokers provide a range of convenient features, advice and tips, special offers, and reliable customer support to help traders invest successfully. Our financial experts analyzed all the leading binary options brokers in the industry to find out which ones are the best. Below we provide the details of our test and we list the most promising and reliable binary trading services we found on the market.

Methodology of our reviews

To review the services of binary options brokers we carefully studied information available on review websites, business sites, and other reliable online sources. We analyzed all the leading binary options brokers and the services they offer. We also examined the information and details available on the official websites of these brokers. Plus, our experts contacted the brokers to get information on particular aspects of their services.

We used the following criteria to evaluate each binary options broker:

  • Trading platform
  • Account options
  • Available assets
  • Customer service quality
  • Offered bonuses and rewards
  • Unique features
  • Trade types
  • Payout ratios
  • Reliability

Best European Binary Options

People living in a European Member state are allowed to trade freely with any binary options broker based in another Member State. A number of regulatory authorities and bodies license and regulate binary options products and brokers in Europe. Trading with a broker that has a license from a European country means your investment is safeguarded by a number of security requirements and protocols. The Financial Conduct Authority (FCA) is the UK regulatory body for all financial products and services. The Banque de France (BDF) regulates all finance companies and their products in France. The Commissione Nazionale per le Società e la Borsa (CONSOB) does the same job in Italy. The Comisión Nacional Del Mercado de Valores (CNMV) is the regulatory body in Spain. The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) ensures Germany has strict regulations for financial products and services.

Banc de Binary: Banc de Binary is a good choice for newbie traders in the EU as this broker offers extensive trading programs to guide you on how use its trading platforms. US and Israeli residents are barred from using Banc de Binary’s services. The advantages of Banc de Binary are it offers an intuitive and easy-to-use trading platform and there are no fees for deposits and withdrawals. Banc de Binary is a reliable broker as it is licensed by CySEC (Cyprus Securities and Exchange Commission). This broker is also regulated by the countries’ respective financial regulators for its operations in Germany, Italy, Spain, France and the UK. Banc de Binary was established in 2009 and has more than 250,000 customers.

IQ Option: IQ Option is a reliable broker as it is regulated by the Cyprus Securities and Exchange Commission (CySEC). This broker offers returns as high as 92%. Plus, its trading platform is versatile as its supports mobile trading with Android and iOS apps.

24option: 24option is a popular broker that uses an innovative trading platform created by Tech Financials. It offers returns as high as 89% for winning trades. 24option is also a reliable broker as it is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).

Best US Binary Options

There is no clear legal landscape for binary options trading in the US. There are two bodies that regulate online financial trading in the US. They are National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). Both bodies have not shown interest in licensing and regulating binary options brokers in the US. So, US customers have to depend on offshore-based brokers for binary options trading. To avoid becoming victims of fraud, US customers are advised to investigate the broker thoroughly before investing their hard-earned money in trading with them. Make sure the broker offers advantages such as easy deposit and withdrawal methods for US customers, trading in US dollars, and multi-platform access that includes both desktop and mobile trading options.

Porter Finance: Porter Finance is a reliable broker run by experienced professionals. Its trading platform is easy to use and versatile. Plus, Porter Finance employs personal account managers to ensure customers get full attention and support. This broker’s website offers useful information to help you trade profitably. Porter Finance offers a wide range of trading tools. The maximum payout is 85% and the maximum bonus is 100%. Porter Finance is a recommended broker for US traders.

Tradorax: Tradorax is a good choice for US clients. It uses the proven TechFinancials trading platform which is popular among many other brokers too. You can expect returns as high as 85%. Plus, this broker offers welcome bonus ranging from 50% to 200%.

Finpari: Finpari uses the latest version of the proven and reliable SpotOption trading platform. This broker offers average payouts as high as 83%. Plus, it gives 100% bonus as well as first three risk-free trades.

Best UK Binary Options

The Financial Conduct Authority (FCA) supervises and regulates all financial service companies including binary options brokers based in the UK. As the UK is part of the European Union, you are free to use the services of any binary options broker that has a license in any other European country. You can also trade with any broker licensed outside the UK and Europe. However, we recommend you try the services of the three brokers listed below as they have the reputation of providing a secure and safe trading environment.

IQ Option: IQ Option requires a very low minimum deposit of just $10. The minimum investment amount is just $1. IQ Option offers advantages such as a user-friendly interface, excellent returns, wide variety of options, and handsome deposit bonus. Plus, it is a reliable broker as it is regulated by the Cyprus Securities and Exchange Commission (CySEC). IQ Option offers interactive learning tools and a stand-alone demo account for the benefit of customers.

Banc de Binary: Banc De Binary offers a simple trading platform with a range of attractive trading instruments to help traders make profitable trades. Newbie traders can get personal training from their account manager, and trade with a minimum amount of just $1. Experienced traders can make use of trades that expire in nine months.

24option: 24option is a good choice for both high and low volume traders. This broker stands out as it provides useful trading and strategy guides and videos for all levels of traders. Plus, 24option offers handsome bonuses and fast withdrawals as well as excellent support.

How to choose a reliable binary option trading service

Scams occur in all businesses. The skyrocketing global popularity of binary options trading means it has become the target of brokers and hackers who operate fly-by-night services to make a fast buck on the sly. So, it is a good idea to do your research and enter the binary options market slowly and cautiously. Binary options trading began only a few years ago and it is difficult to control and monitor their operations. About 95% of binary options brokers are not regulated by any financial institution.

This means the majority of brokers do not have the backing of a government financial institution to provide traders the assurance their money is safe. Therefore, consider the following points and features to select a reliable and efficient binary options broker:

Is It a Regulated Broker?

Double-check the credentials of the binary brokers you are interested in. This is a time-consuming task but you have to be sure you can trust the broker. Select a broker who is monitored by the regulations of an institution. This ensures the broker is above board and trustworthy. Usually brokers are regulated by institutions in the country they operate in. In the US, brokers are regulated by Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). In the UK, the Financial Conduct Authority (FCA) regulates binary options trading. Other EU countries have their own respective regulatory bodies (CySec, BaFin, etc.), that have the power to try your binary options broker if you suffer a scam.

Try out the demo to learn about the features and practice trading

A demo account, or simulator, can help you to practice trading binary options in a real time environment without risking much money. A few brokers offer a free demo account, while others ask for a small deposit to start using the account. Simply register for an account using your phone number. When customer support contacts you, ask for the demo account and start learning about the features of the particular broker. The following brokers offer a demo account that you can utilize to practice trading at a low cost or for free: CTOption , MarketsWorld , OptionsClick , and OptionBit .

What Trading Platform is Offered?

The broker should offer a trading platform that has a simple user interface. Time is important in trading and each second is vital especially if you have selected the 60-seconds option or your option is near the expiry time. Make sure the software is easy to navigate and straightforward to use. Experienced traders and those who wish to keep track of constant market updates should select a broker that provides a mobile trading app.

What are the Investment Options?

The trader should offer a range of investment options. Apart from the usual Put/Call (Up/Down) option, the broker should also offer Boundary, Option Builder, Touch/No Touch and 60-Seconds options. Except for currency pairs, the broker should enable you to trade stocks, commodities, and indices. Select a broker that offers a platform with graphs that have good history time frames that go back beyond yesterday. This will boost your decision-making and increase the chances of successful trading.

What are the Payment and Withdrawal Options?

The broker should offer convenient payment and withdrawal options. Read the “ Terms and Conditions ” of the broker to know all the details. Select a broker that accepts the largest range of payment and withdrawal methods. The most widely used payment methods are bank transfer, credit/debit card, Moneybookers (Skrill), and Western Union.

When You Lose, Do You Lose Everything?

In binary options trading, you are fully aware of the amount you can win or lose before investing. However, newbies can make wrong investment choices. If you are an inexperienced trader, select a broker that provides a “payout” for losing trades. This means, if you suffer a losing trade, you can get back about 10-15% of the invested money.

You can also select a broker that offers risk-free trades. This is a novel concept where the broker gives 5 to 10 risk-free trades if you deposit the minimum required amount to trade ($200-$250).

Is the Customer Support Prompt and Efficient?

Make sure the broker offers good quality customer support with clear communication. Check out the customer support languages and foreign trading currencies offered. Does the broker offer 24-hour customer service and multiple channels to contact agents? Do they provide loyalty bonuses? Read at least some user reviews of leading binary options brokers on our site. Are traders satisfied with a broker’s services? Do agents respond promptly and thoroughly to questions? Good quality customer support is one of the most important criteria to select a reliable binary options broker.

Leading Binary Trading Services

OptioNet: OptioNet uses the Tech Financials trading platform. Its London operations are governed under the regulations of the UK’s Financial Services Authority (FSA). Payout ratios range between 85% to 89% depending on the trading account. OptioNet offers a welcome bonus of up to $5000.

GlobalOption: GlobalOption accepts US clients. It uses an in-house trading platform that is similar to that of EZTrader. GlobalOption offers a payout of 68% to 95% (depending on the asset traded and the type of trades). Traders can get back 15% of their investment amount on losing trades.

EmpireOption: EmpireOption accepts US clients. It uses the SpotOption trading platform and offers a mobile platform for iPhones and Android devices. The average return is 65% to 75% for traditional High/Low binary options. OptionBuilder offers higher payouts at 85%, while the risky One Touch options give the highest payouts at 500%.

TraderXP: TraderXP accepts US clients. It uses the SpotOption trading platform. Payout ratio is between 68% to 75%. This broker uses a wide range of reliable payment and withdrawal methods.

OptionTrade: OptionTrade uses the ProTrader platform, which is modeled after another trading broker called HotForex. Payout ratio is 85%. OptionTrade is fully regulated by the Cyprus Securities and Exchange Commission (CySEC). This broker transacts only with reputed banks and financial institutions.

GTOptions: GTOptions accepts US clients. It uses the reliable SpotOption trading platform. Returns range from 70% to 90% depending on the asset type. One Touch options can yield payouts up to 540%. Bonus of 50% to 100% is offered depending on trading account.

Opteck: Opteck offers an easy-to-use web-based trading platform. Payout ratio is 85% to 100%. Opteck is regulated by the Cyprus Securities and Exchange Commission (CySEC). It offers customer support via phone, live chat, and email.

OnlyOption: OnlyOption uses a sophisticated trading platform provided by Markets.com. Payout ratio is up to 85%. One touch options can yield up to 500% of the investment. OnlyOption’s parent company Safecap Investment Ltd is regulated by the Securities and Exchange Commission (CySEC). This trader offers a welcome bonus of up to 100%.

BNRY: BNRY uses the new generation TradeSmarter trading platform that has sophisticated features. This broker offers a maximum return of 81% for High/Low options. You can get a rebate of up to 10% for losing trades. BNRY is a regulated broker under the Cyprus Securities and Exchange Commission (CySEC).

YesOption: YesOption uses the standard Tech Financials trading platform. Average returns for high/low options are 85%. YesOption offers welcome bonuses between 20% to 100% depending on the amount deposited. It provides one on one coaching and a range of training materials.

GrandOption: GrandOption uses the Tech Financials trading platform. Payout ratio is between 75% to 300%. GrandOption is regulated by the Cyprus Securities Exchange Commission (CySEC). The broker provides a range of bonuses and promotional offers.

Tradesmarter: Tradesmarter uses a simple and reliable trading platform that has been emulated by many other brokers. Payout ratio is up to 85% for successful trades and you can get a rebate of 10% for losing trades. Tradesmarter.com is based in Sydney, Australia and its operations are governed by the Australian Securities and Investment Commission (ASIC).

Alpari: Alpari uses the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms. There are also MT4 and MT5 trading apps for Android and iOS devices. Payout percentage is between 81%-85%. Alpari offers attractive bonuses, competitive tight spreads, and reliable trading support.

Banc de Binary: Banc de Binary uses the popular SpotOption trading platform. This platform supports mobile trading with Blackberry, iPhone, and Android devices. Payouts are between 72% to 81%. Banc de Binary refunds up to 15% for losing trades. This broker is part of the Banc de Binary Group that is listed on the New York Stock Exchange.

Bloombex: Bloombex accepts US clients. Bloombex uses the intuitive, state-of-the-art SpotOption trading platform. Average returns range between 75% and 85%. Bloombex offers at least 30% bonus for any deposit. You can get a 100% bonus for every investment of $100 to $500.

365Trading: 365Trading uses a trading platform called Pip Invest, which is different from popular platforms used by other brokers. Payout ratio is between 60% to 85%. 365Trading has taken the initiative to register itself under the Cyprus Securities Exchange Commission (CySEC). This broker offers 100% bonus on the first deposit.

BinaryBook: BinaryBook accepts US clients. It uses the latest SpotOption Gen 2 trading platform. Average returns are around 80%. You can earn up to 500% with FX/CFD contracts. BinaryBook offers welcome bonus ranging from 25%-100% depending on the trading account.

Magnum Options: Magnum Options accepts US clients. It uses the popular SpotOption trading platform. Average payout ratio is 85%. Magnum Options offers numerous bonuses as well as rebates for losing trades. All transactions are secured with SSL Technology.

OptionRally: OptionRally uses web-based trading platforms powered by SpotOption. Average return is 78% for winning trades and a refund of 10% is given for losing trades. OptionRally is registered in the British Virgin Islands (BVI) and operates under the regulations of the BVI Financial Services Commission (BVIFSC). This broker offers provides up to 100% bonus as well as exclusive offers.

OptioNow: OptioNow accepts US clients. It uses a 2nd generation SpotOption-powered trading platform. OptioNow offers average returns up to 85%. The riskier One Touch trades pay as high as 450%. OptioNow offers bonuses up to 25% and requires a 30x turnover for you to be able to withdraw the bonus cash.

Optionyard: Optionyard uses a web-based trading platform that is easy to use. The average payout ratio is 85%. Optionyard offers high bonuses, five asset classes for trading, and a wide range of trading tools.

BigOption: BigOption accepts US clients. It uses the latest version of the SpotOption-powered trading platform. BigOption offers payout ratios of up to 85% for normal trading. It is a reliable broker as it uses transparent procedures, a SSL certified platform, and segregated accounts.

SetOption: SetOption accepts US clients. It uses the SpotOption trading platform. Payout ratios range from 80% to 750%. You can get a refund of up to 10% for losing trades. SetOption is based in Switzerland and its services are governed by the Financial Market Authority of Switzerland (FINMA).

EZTrader: EZTrader uses its own in-house trading platform that is easy to use. Average payout ratio is between 80% to 95%. EZTrader is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). It offers bonuses ranging from 30% to 100%.

CTOption: CTOption accepts US clients. It uses a platform supplied by Panda Trading Systems Ltd (Panda TS). Average returns range between 80% to 90% and you can get a rebate of 5% for losing trades. CTOption offers a welcome bonus up to 100%.

IQOption: IQOption has created a trading platform that gives an easy and fun trading experience. The platform supports mobile trading with iOS and Android apps. Returns can go as high as 92%. IQOption is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Stockpair: Stockpair employs a proprietary trading platform that is simple to use. It supports mobile trading with iOS and Android apps. You can get payouts of around 80% for Up/Down binaries, while Pair options can fetch returns as high as 350%. Stockpair is a EU-regulated broker.

24option: 24option uses an innovative trading platform supplied by Tech Financials. You can get a maximum return of 89% for winning trades, and a rebate of up to 15% for losing trades. 24option is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC).

AnyOption: Anyoption employs a web-based in-house trading platform that can be accessed from anywhere. Average returns are up to 80% for winning trades and you get 15% refund for losing trades. Anyoption currently offers a bonus on first deposit.

24bulls: 24bulls uses a trading platform powered by TradeSmarter. It offers returns up to 85%. This broker is regulated by the Cyprus Securities and Exchange Commission (CySEC). 24bulls offers up to $2500 free bonus for new traders.

99Binary: 99Binary accepts US clients. It uses the HTML5 trading platform. 99Binary offers returns of up to 86% on Standard & 60-Seconds, and up to 350% on One Touch. This broker complies with online security and anti-money laundering regulations.

BMBoption: BMBoption (Benedict Morris) uses the SpotOption trading platform. Average payouts are up to 88%. BMBoption has applied for a license from the Cyprus Securities and Exchange Commission (CySEC). It offers a customized cash bonus with its premium plans.

Finpari: Finpari uses the latest version of the SpotOption trading platform. Average payout ratio is 83%. Finpari offers up to 100% bonus plus first three risk-free trades. It provides customer support through phone, live chat, and email.

KeyOption: KeyOption uses the sophisticated yet easy-to-use Keystone trading platform. It offers returns up to 85%. KeyOption has applied for Cyprus Securities and Exchange Commission (CySEC) regulation. It offers a welcome bonus up to $5,000.

Nordex: Nordex accepts US clients. It uses SpotOption’s newest trading platform. Average payout ratio is 85%. Nordex offers up to 100% deposit bonus. It provides customer support through phone and tickets.

Sycamore Options: Sycamore Options accepts US clients. It uses a trading platform powered by SpotOption. You can earn up to 75% profit on winning trades, and more than 600% return on One Touch trade. Sycamore Options offers a bonus on request. The amount depends on your account size and individual package.

Tradorax: Tradorax accepts US clients. It uses the TechFinancials trading platform. Average returns are about 85%. Tradorax offers welcome bonus from 50% to 200%. It provides customer support through phone, live chat, and email.

WeOption: WeOption accepts US clients. It uses the TradeSmarter trading platform. Maximum return is 91%. WeOption is a relatively new company that has applied for regulatory licenses from the FCA in England and CySEC in Cyprus.

Winoptions: Winoptions uses the SpotOption trading platform which is advanced, yet easy to use. It offers up to 88% return rate, and up to 550% on the One Touch option. Winoptions operates as a brand of Spot Capital Markets Ltd, which is authorized and regulated by the Cyprus Exchange Commission.

IvoryOption: I voryOption accepts US clients. It uses the popular SpotOption trading platform. Average payout ratio is 85%. IvoryOption offers up to 100% deposit bonus. It provides customer support through phone, live chat, and email.

Binary Options Brokers

Looking for your next binary options broker? You’ve landed in the right place.Here you will find detailed information, reviews, and ratings about almost all binary options brokers in the industry… or at least the ones that matter enough.Whether you are new to binary options or a seasoned trader looking for a new broker, this is the place to start and find the best broker for you.Never invest before reading the ThatSucks.com broker review first!

Brokers
Broker name Regulated Minimum Deposit Return/Refund Score
VIPBinary No 250 60-75%/1-10% 1 / 10 Visit Now
TradeSmarter No N/A N/A 1 / 10 Visit Now
Banc De Binary No 250 70-83%/0% 1 / 10 Visit Now
OptionBit Yes 250 70-85%/0% 1 / 10 Visit Now
WinOptions No 200 65-85%/1-10% N/A / 10 Visit Now
Trader369 No N/A N/A N/A / 10 Visit Now
StartOptions No 1000 68-90%/0-10% 4.6 / 10 Visit Now
Bloombex Options No 200 68-85%/0-10% 1 / 10 Visit Now
EZTrader Yes 50 70-81%/0-10% N/A / 10 Visit Now
OptionXP No 200 65-75%/0-10% 1 / 10 Visit Now
MinuteOptions No 100 65-75%/0-10% 1 / 10 Visit Now
OptionsClick Yes 200 60-89%/0-2% 1 / 10 Visit Now
TradersRoom No 250 65-75%/0-10% 1 / 10 Visit Now
TraderXP No 200 65-75%/0-10% 6.3 / 10 Visit Now
Global Option Yes 200 70-95%/0-10% 6.1 / 10 Visit Now
TradeRush No 200 65-75%/0-10% 1 / 10 Visit Now
BullOption No N/A N/A 1 / 10 Visit Now
OptionFair Yes 100 100% / 0%* N/A / 10 Visit Now
OptionFire No 200 55-81%/10% 1 / 10 Visit Now
Optionet No 200 65-89%/1-15% 1 / 10 Visit Now
GCMBinary No 200 70-85%/0-10% 1 / 10 Visit Now
IOption No 250 71-83%/0-15% 1 / 10 Visit Now
StockPair Yes 250 75-83%/0% 1 / 10 Visit Now
AnyOption Yes 200 65-80%/5-25% N/A / 10 Visit Now
OptionWorld No 200 68-75%/5-10% 5.3 / 10 Visit Now
CitiTrader No 300 65-75%/0-10% 1 / 10 Visit Now
XPMarkets No 200 65-81%/0-10% 4.9 / 10 Visit Now
UBinary No 250 70-85%/+10% 1 / 10 Visit Now
ZoneOptions Yes 200 70-85%/0-15% 7.4 / 10 Visit Now
OptionNow No 250 75-85% / 0-15% 6.3 / 10 Visit Now
GOptions No 200 70-85%/0-10% 1 / 10 Visit Now
GTOptions No 250 65-85%/0% 6.9 / 10 Visit Now
OptionYard No 200 70-82%/0-10% 1 / 10 Visit Now
OptionsXO No 250 70-89%/0% 1 / 10 Visit Now
BDSwiss Yes 200 N/A 8.5 / 10 Visit Now
Dragon Options Yes 250 65-80%/0-10% 6.6 / 10 Visit Now
Opteck Yes 250 N/A 1 / 10 Visit Now
TopOption Yes 100 72-85%/ 0% N/A / 10 Visit Now
BINOA No 100 60-85%/0-10% 5.9 / 10 Visit Now
MarketsWorld No 10 70-90% /0% 1 / 10 Visit Now
OneTwoTrade No 250 60-85% /0% 1 / 10 Visit Now
Safe24Options No 200 68-75%/0-10% 1 / 10 Visit Now
IHoptions No 200 68-89%/5-10% N/A / 10 Visit Now
Binary360 No 200 60-75%/0-10% N/A / 10 Visit Now
TraderEasy No 200 65-75%/0-10% N/A / 10 Visit Now
OptionWeb Yes 200 70-90% /0% N/A / 10 Visit Now
OptionLucky No 200 68-75%/0-10% N/A / 10 Visit Now
Binary Markets No 200 68-75%/0-10% N/A / 10 Visit Now
OptionRally Yes 250 65-81%/ 0% 7.6 / 10 Visit Now
777Binary No 200 65-75%/0-10% 5.6 / 10 Visit Now
Trading247 No 200 60-75%/0-10% 1 / 10 Visit Now
OptiMarkets No 200 75-80%/0-10% 1 / 10 Visit Now
BNRY No 100 65-75%/0-10% 5.0 / 10 Visit Now
CedarFinance No 200 65-75%/0-10% 1 / 10 Visit Now
24Bulls Yes 250 40-85%/0-40% 6.9 / 10 Visit Now
BetonMarkets Yes 5 50-95%/0% 1 / 10 Visit Now
BeeOptions No 150 60-85%/0-10% 7.0 / 10 Visit Now
ZoneOptions Yes 200 70-85%/0-15% 7.4 / 10 Visit Now
Redwood Options No 500 70-81%/1-10% 1 / 10 Visit Now
XOptions Trading No N/A N/A N/A / 10 Visit Now
VaultOptions No 100 65-75%/5-10% 5.1 / 10 Visit Now
OptionGround No 200 70-85%/0-10% 1 / 10 Visit Now
EasyXP No 200 75-80%/0-10% 1 / 10 Visit Now
GrandOption Yes 200* 75-89%/0-10% 6.4 / 10 Visit Now
FMTrader Yes 250 65-85%/0-10% N/A / 10 Visit Now
Binary Yes 10 75-90%/0-5% 9.1 / 10 Visit Now
Global Trader 365 No 200 65-75%/0-10% 1 / 10 Visit Now
Regal Options No 200 75-80%/0-15% 1 / 10 Visit Now
Sycamore Options No 200 65-75%/0-10% 1 / 10 Visit Now
TraderWorld No 200 68-80%/0-10% 1 / 10 Visit Now
TitanTrade No 350 70-85%/0% N/A / 10 Visit Now
LBinary No 250 70-85%/0-10% 1 / 10 Visit Now
PowerOption Yes 250 70-85%/0% 1 / 10 Visit Now
Winner-Option Yes 100 70-80%/0-5% 1 / 10 Visit Now
MarketsKing No 250 65-85%/0-5% 6.4 / 10 Visit Now
AmberOptions No 200 70-80%/0-5% 1 / 10 Visit Now
PlatinumTrader No 350 60-80%/0-10% 5.9 / 10 Visit Now
BrokerageCapital No 200 70-75%/0-5% 1 / 10 Visit Now
99Binary No 200* 78-93%/0-10% 6.9 / 10 Visit Now
CTOption No 250 70-80%/0-15% 1 / 10 Visit Now
BossCapital No 250 63-85%/0-10% 1 / 10 Visit Now
RBOptions No 250 75-88%/0% 7.4 / 10 Visit Now
CallandPut No 250 65-85%/0% 6.4 / 10 Visit Now
UKOptions No 250 70-82%/0-5% 1 / 10 Visit Now
BinaryTilt No 250 70-85%/0-3% 1 / 10 Visit Now
IQ Option Yes 10 75-92%* 9.3 / 10 Visit Now
MagnumOptions No 500 70-85%/1-10% 1 / 10 Visit Now
BigOption No 100 70-85%/0% 1 / 10 Visit Now
OptionMint No 250 68-85%/0-10% 5.5 / 10 Visit Now
CherryTrade No 200 65-85%/-% 1 / 10 Visit Now
10Trade Yes 200 70-81%/ 10% 1 / 10 Visit Now
No1Options No 500 75-89%/0-10% 1 / 10 Visit Now
SpotFN No 250 70-88%/0% 1 / 10 Visit Now
OnlyOption Yes 200 70-85%/0-10% 7.3 / 10 Visit Now
InsideOption No 500 78-84%/0% 7.0 / 10 Visit Now
Tradorax No 250 70-85%/0-4% 1 / 10 Visit Now
YesOption No 250 75-89%/0-3% 1 / 10 Visit Now
GrowBinary No 100 75-80%/0-15% 5.7 / 10 Visit Now
RoboOption Yes 10 70-85%/0-15% 1 / 10 Visit Now
EveryOption No 200 75-85%/0-15% 1 / 10 Visit Now
IvoryOption No 250 70-85%/ 0% 7.3 / 10 Visit Now
Ayrex No 25 60-80% 8.0 / 10 Visit Now
TradeThunder No 200 70-80%/0% 1 / 10 Visit Now
WikiOption No 250 75-85% /0-15% 1 / 10 Visit Now
365BinaryOption No 200 75-85% /0-15% 1 / 10 Visit Now
BinaryInternational No 200 70-85% /0-10% 7.4 / 10 Visit Now
ImperialOptions No 250 60-80% /0% N/A / 10 Visit Now
IG Yes 200 Varies 8.5 / 10 Visit Now
FinPari No 250 70-85% / 0-15% 1 / 10 Visit Now
EmpireOption Yes 100 70-82%/0-5% 7.8 / 10 Visit Now
BinaryBook No 250 75-85% / 0% 1 / 10 Visit Now
Nadex Yes 250 Varies 9.3 / 10 Visit Now
Oboxee Yes 10 70-85% / 0-15% 1 / 10 Visit Now
InteractiveOption No 250 75-85% / 0-15% 1 / 10 Visit Now
BinaryBrokerZ No 250 75-85% / 0% 1 / 10 Visit Now
WMOption No 250 70-85%/ 10% 1 / 10 Visit Now
365Trading Yes 100 68-85% / 0% 1 / 10 Visit Now
KeyOption No 300 82% / 0% N/A / 10 Visit Now
HYOptions Yes 100 80% / 0% 1 / 10 Visit Now
PWRTrade No 250 75-85%/ 0% 7.4 / 10 Visit Now
BMBOption No 250 80% / 0% 7.2 / 10 Visit Now
PorterFinance No 250 70-85% 6.5 / 10 Visit Now
Dukascopy Yes 100* 70-90% 8.5 / 10 Visit Now
CWOption No 25 70-85% N/A / 10 Visit Now
TRBinaryOptions No N/A N/A N/A / 10 Visit Now
OlympTrade Yes 10 75-92% / 0% 8.5 / 10 Visit Now
BinaryUno No 250 75-80% / 0-10% 5.7 / 10 Visit Now
TradeSolid No 100 75-85% / 0% 1 / 10 Visit Now
Finmax Yes 250 70-85%/ 0-15% 9.0 / 10 Visit Now
BuzzTrade Yes 250 75-85% / 0-15% 1 / 10 Visit Now
OxMarkets Yes 250 70-85%/ 0-15% 1 / 10 Visit Now
UboCapital No 200 75-85%/ 0-15% 6.4 / 10 Visit Now
BillionOptions No 250 75-85%/ 0-15% 1 / 10 Visit Now
OptionStars Yes 250 60-85%/ 0-20% 7.4 / 10 Visit Now
PrestigeOption Yes 500 75-85%/ 0-10% N/A / 10 Visit Now
OptionBanque No 200 75-85% / 0-15% 7.0 / 10 Visit Now
Citrades No 250 70-85% /0-15% N/A / 10 Visit Now
QuickOption Yes 250 75-90% / 0% 7.1 / 10 Visit Now
AskOption No 250 60-81% /0-5% 7.3 / 10 Visit Now
SternOptions No 250 75-85% / 0% 1 / 10 Visit Now
TradePlus No N/A N/A N/A / 10 Visit Now
Binomo No 10 70-87% / 0-10% 8.0 / 10 Visit Now
PlusOption No 250 75-81% /0% 6.3 / 10 Visit Now
HighLow Yes 50 75-85% /0% 8.6 / 10 Visit Now
Bullbinary Yes 50 75-85% /0-15% 8.1 / 10 Visit Now
TorOption No 350 75-85% /0-15% 1 / 10 Visit Now
PrimeCFDs Yes 250 N/A 1 / 10 Visit Now
eXbino No 10 75-85% /0-15% 1 / 10 Visit Now
Binatex No 50 75-85% / 0-15% 7.9 / 10 Visit Now
Finrally No 250 75-85% /0-15% 1 / 10 Visit Now
ExpertOption Yes 50 89-95% / 0% 8.8 / 10 Visit Now
72Option No 250 75-85% / 0-10% 6.5 / 10 Visit Now
BinaryCent No 250 70-100%/ 0% 6.7 / 10 Visit Now
BinaryOnline No 250 70-85% /0% 1 / 10 Visit Now
GreenFieldsCapital No N/A N/A N/A / 10 Visit Now
PrestigeFinancialMarkets No N/A N/A N/A / 10 Visit Now
Grand Capital Yes 100 75-85%/ 0-15% 7.8 / 10 Visit Now
Pocket Option Yes 50 N/A N/A / 10 Visit Now
Option888 No 250 75-85% / 0-15% 6.9 / 10 Visit Now
uTrader No 300 75-85% /0-10% 5.3 / 10 Visit Now
RaceOption No 250 50-70% /0% 6.3 / 10 Visit Now
OptionField No 100 70-93%/0% 7.3 / 10 Visit Now
Binary24 No 10 75-85% /0-10% 7.1 / 10 Visit Now
CloseOption No 5 50-95% /0% 6.8 / 10 Visit Now
BinaryMate No 250 75-90% / 0-15% 4.8 / 10 Visit Now
Binarium No 10 70-90% /0% 7.5 / 10 Visit Now
Q8Trade Yes 250 N/A 6.2 / 10 Visit Now
CryptoBO No 250 70-85% 4.9 / 10 Visit Now
Finarix No 250 N/A 5.7 / 10 Visit Now
NSBroker Yes 250 N/A 9.4 / 10 Visit Now

Binary Options Brokers List 2020

Search Brokers

The word “broker” comes up in about any binary options conversation and that’s because you cannot trade binaries without using one. If you are new to all of this, then you’re probably wondering what brokers are; so here’s the quick rundown: they are the intermediary between the trader and the financial market, so when you want to open a trade, you will have to go through the broker. You will need a brokerage account and then if you want to trade, you will have to fund that account. Here’s when potential problems may arise.

There are literally hundreds of brokers out there, so finding one will not be a problem… Choosing the right one may prove to be difficult because all brokers have different trading conditions.

Learn about the Brokers

Your first concern should be the safety of your money. Is this broker regulated? Are they trustworthy? What do other clients say about them? There have been a lot of scams in the early days of Binary Options and although now things are a lot safer, you will still encounter brokers that try to scam you in various ways. That being said, when choosing your next Binary Options broker, this is one of the first questions you have to ask yourself: is this brokerage regulated by a major financial watchdog like CySEC (Cyprus), ASIC (Australia), FCA (United Kingdom), CFTC (United States), or any other local regulator? Only a few of the unregulated brokers are trustworthy.

Your second concern should be about trading conditions. How much is the minimum deposit? How much is the minimum trade? What assets are they offering? What’s the average return? Will I get a refund in case of a losing trade? If you plan on investing low, you will have to choose a broker with a low investment per trade. If the broker allows you to trade lower amounts per trade, that means that you can stay in the game longer and a losing trade will not be such a big deal.

And finally, the BOTS score. We take everything we just talked about into consideration and translate it into a number anywhere between 0-10. These numbers are also based on client’s opinion, so it’s not only us you can trust but also traders like yourself. For more information regarding each and every broker, click on the brokers’ name.

Choose Your Broker

Trust is a major issue when it comes to these companies because, as I mentioned above, you will have to fund an account with them, so your money will be in their possession. If the brokerage is legit, then you have nothing to worry about, because you can withdraw at any time or use that money for trading and make a profit.

The matters above and much more (like Bonuses, Fees, Commissions, Deposits, and Withdrawals, etc.) are extensively covered in our Broker Reviews. We are doing everything we can to keep our reviews comprehensive and up to date, so don’t let our work go to waste. Use it!

Best Binary Options Brokers: 2020 Ranking
  • Binarium
    Binarium

    Best Choice! The leader in our ranking!
    Perfect for beginners!
    Free Demo Acc + Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

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