Top Binary Options Brokers 2017 | Binary Brokers | Signals365.com

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Recommended Binary Options Brokers

On this page we listed our recommended binary options brokers that are trustworthy and work with our binary signals software.

You’ll also get free unlimited access to our signals if you sign up through our links on this page:

Broker New Info Bonus US Traders Open Account
StockPair Assets: 100+
Payout: Up to 80%
Demo Account: No
Min Deposit: $200
40% up to $500 and up to 3% Cash Back New AccountRead Review
AskOption Assets: 100+
Payout: Up to 85%
Demo Account: No
Min Deposit: $250
Up to 100% Welcome Bonus USA Allowed New AccountRead Review
24Option Assets: 100+
Payout: up to 88%
Demo Account: No
Min Deposit: $250
100% Bonus New AccountRead Review
CherryTrade Assets: 60
Payout: Up to 81%
Demo Account: No
Min Deposit: $200
Up to 100% on Deposit New AccountRead Review
CTOption Assets: 100+
Payout: Up to 81%
Demo Account: Yes
Min Deposit: $250
100% Welcome Bonus USA Allowed New AccountRead Review
uBinary Assets: 100+
Payout: Up to 95%
Demo Account: No
Min Deposit: $250
20%-40% Welcome Bonus and Up to $5,000 New AccountRead Review
OptionsXO Assets: 39
Payout: Up to 80%
Demo Account: No
Min Deposit: $200
50% Welcome Bonus New AccountRead Review

Choosing the right broker can be tricky. Here are a few things that you should consider before choosing your preferred broker.

Regulation

This is a crucial area considering that not all brokers are regulated. Registration for purposes of regulation has become necessary in the industry and is now a growing trend in practice. Despite all the efforts though, a hefty chunk of brokers still remain unregistered and unregulated whereas, others have opted to register outside countries of their domain. This move is usually attributed to the strict guidelines demanded by regulation bodies such as the Commodities and Futures trading commission of the United States, the Financial Conduct Authority of the UK, CySEC of Cyprus among others. If you are operating from the UK, consider registering with brokers controlled by the FCA and for those trading in the United States, your preferred broker should be NADEX because it is regulated by both the Commodity and Futures Trading Commission (CFTC) and the National Futures Association [NFA]

Assets Available

Virtually all binary options brokers offer different tradable assets. These assets range from commodities such as gold and silver to currency pairs as well as stocks and indices. Therefore, always make sure your broker offers the asset(s) you would want to trade on before making your decision. All brokers will have an ‘Asset Index’ on their site where you can find this information.

Resources offered

Brokers offer different resources depending on the type of account you have registered. And because every broker wants to look good to prospective investors, they always make sure their offers are attractive enough to fed off other competitors. Some brokers will offer account packages which carry different offers to accommodate clients from different socioeconomic backgrounds. Always choose an account that will suit your trading goals – don’t go for a gold or silver account when a standard account can suffice.

Trading platform

Binary option trading requires an auto trading platform – a system which can place trades without your involvement. Most brokers provide such system and if not, they usually link your account to another company offering these trading robots.

Profits and Returns

Binary options is a profitable form investment when trading with a good broker. Brokers offer competitive payouts in an attempt to attract clients. Some even go over the line and promise in the money rates that are impossible to achieve. As an investor, this is where you have to be careful and watch out for scams. Ideal brokers offer payouts ranging from 75% to around 85%, anything above that is probably a lie. It is worth noting, choosing a broker with a higher return may not always be the right option. There are many other factors that attribute to a good broker.

Financial Tools

Most investors look for brokers who offer a wide variety of in-depth financial tools that they can use to learn, analyze and predict price movements. Brokers offering different types of learning materials as well as technical indicators, economic calendars, and charts appear more appealing to investors.

Payment Methods, Deposits and Withdrawals

Essentially, every trader wants assurance that their online transactions are fast and secure. Reputable brokers offer different types of payment options that are not only secure but can also process transactions at the least time possible. There are different types of payments including E-Wallets like Skrill (MoneyBookers) or PayPal that can be used with most broker accounts. Payments through credit/debit cards and wire transfers are also accepted.

Choosing the right broker could be the difference between your making great profits or incurring hefty losses. This is more so because of the high number of brokers coming into the binary options market. Among these brokers, majority are unregulated, and may require a minimum deposit which is above the industry standard. Others are vague on how you are going to benefit as an investor. Thus, ensuring you choose the right broker should always be a priority.

Types of Binary Option Brokers

A binary option is a type of option you either earn a fixed amount of income or nothing at all, depending on whether it expires in the money or not. It is also called an asset or nothing option. The word “binary” is therefore used here because this type of option is purely based on a yes or no proposition.

Many investors find binary options attractive because of this apparent simplicity, and the fact that all that is required is to make a guess as to whether something specific may or may not happen. If, for example, an investor guesses that the share price of a given company “X” will be above say $10 on May 5th, and the share price at that time turns out to be $15, the option will automatically exercise and the option holder gets a preset amount of money. This means the trader is trying to predict the short term behavior of a given commodity, a process that cannot be claimed to yield consistent results, even by the most experienced traders.

Trade in binary options is thus widely considered a form of gambling and requires at least a gambling license in some jurisdictions.

The role of brokers

Binary option brokers simply facilitate the trade in these commodities, much like casinos do in conventional betting. The main challenge with this system, just like in other forms of gambling, is the negative cumulative payout or “house edge” by the broker over the investor.

Regulated Brokers

Because of this net negative effect, often a consequence of manipulation by brokers, registration for purposes of regulation has become necessary in the industry and is now a growing trend in practice. This is despite the fact that many traders still remain unregistered and unregulated.

CySEC

The Cyprus Securities and Exchange Commission (CySEC) is one of such financial regulatory agencies. It was founded in 2001 in the Republic of Cyprus, and has its headquarters in Nicosia, Cyprus. In 2012 CySEC announced a change in policy regarding classification of binary options as financial instruments, making it necessary for all binary option platforms operating within Cyprus to be regulated. This was done because adopting the Euro, as Cyprus became an EU member state, significantly changed the financial regulatory framework that CySEC previously policed. Prior to this, Cyprus had widely been considered as a tax haven, and the control framework was a lot less stringent.

CySEC regulated Binary Options Brokers

Many of the binary trading platforms available today are based and regulated in Cyprus by CySEC. Noteworthy is the fact that a CySEC license allows binary brokers to accept traders from countries that are members of the EU, and countries that recognize CySEC as a legitimate regulator of binary option brokers. CySEC does not therefore register brokers from the US.

24Option

24Option is regarded as one of the oldest and well-respected binary options brokers in the market. Owned by Rodeler Ltd, it was founded in 2009 – making it one of the industry’s true pioneers. It is registered in Limassol Cyprus and operates under CySEC under license no. 207/13.

It is also registered with the British Financial Conduct Authority (FCA) SINCE 2013 AND THE International Financial Services Commission in Belize- outside the European economic area.

There are various attractive offerings with this BO broker.

  • They provide charts on the various assets available, making it especially convenient for any trader who wants to examine them more closely. Without having to browse other, one simply clicks on the asset’s tab and gets information sourced from yahoo and other sources on a pop up window.
  • Their average return is generally satisfying at 88% in-the-money, with a reasonably high possibilityof closing a trade before expiry.
  • The minimum opening deposit is also at the average industry standard at $250
  • 24Option also gives up to 100% bonus and provides free signals.

IQOption

IQOption was founded in 2013 and is owned and operated by IQOption Europe Ltd. It is a CySEC registered binary options broker operating under license number 247/14, and is located in Limassol Cyprus.

IQOption is widely considered a legit broker and offers the following features:

  • Free demo account to give beginners a chance to try their hand at trading before making real investments
  • A list of over 70 assets to trade in.
  • A minimum initial deposit of only $250
  • An average pay out rate of 90%

They also maintain a relatively high and stable stream of traffic to their domains, which suggests traders are satisfied with the service.

BDSWISS

Banc De Swiss is owned by Kaplero Holdings Ltd, and was founded in 2012. It is one of the leading binary options brokers in Austria, Sweden, Germany, Switzerland and Greece. It offers its platform in all the five languages spoken in these countries and allows its traders to access more than 60commodities, indices, currency pairs and stocks. It also uses the latest SpotOption trading platform for binary options which offers 60sec options, one touch, pairs, long term and ladder options.

US BINARY OPTIONS BROKERS

Sharing the responsibility with the National Futures Association (NFA), the Commodity and Futures Trading Commission controls the practice of trading in binary options.

NADEX

The North American Derivatives Exchange (NADEX) is fully regulated by the CFTC and is one of the most trusted binary options brokers in the US.

Founded on 2004, and with its HQ in Chicago Illinois, the NADEX exchange is run by the IG Group-a leading international provider for forex, BO and CFD trading. Having secured approval from the CFTC, NADEX enjoys the status of a safe and secure trading platform guaranteeing access to all top assets in the market, and a reliable withdrawal system. The main features include:

  • NADEX is not based in spot prices therefore you are not “trading against the house” so to speak. It is actually a real exchange style trading, with the market forces that affect your trading being listed with fixed strikes.
  • All assets have two values at expiration: money or out-of-the-money.
  • They currently trade in 25 major indices, forex pairs and commodities to choose from.
  • They use a system with 4 options including 5 minute, intraday, end of day and end of week. This means you can hold your options until expiry, or sell it at any time beforehand and get your expected return.
  • Withdrawals can be done by echeck, wire transfer or ACH transfers to the trader’s bank, with all withdrawals being done within one business day and returned to the trader’s account within three.

Generally any complaints that you will find about this broker tend to come from traders who are not allowed to trade or otherwise misinformed, and not from shady withdrawals or fraud. 

NON-REGULATED BINARY OPTION BROKERS

Currently binary trading is largely unregulated which means there is no simple registry where you can look up brokers and come up with a list of reputable organizations based off of a governing body’s regulations, inspections and audits. There are therefore many unregulated brokers both of good repute and those with questionable credentials.

CTOption

Owned by InfiniCore, based in St. Vincent, this is one of the older brokers available, having been around since 2010. While they are not CySEC licensed, this is mainly so that they can support traders in the US without hassle. Its main features are:

  • Over 100 assets to trade in
  • 90% pay out to traders.
  • A demo account to sample their feature before using it on actual trades.
  • Minimum trade amount is $10 with the minimum opening deposit being $250.

CTOption runs on the PandaTS platform, a leading provider of platform solutions for forex   and other types of financial assets.

BinaryMate

BinaryMate is a binary options broker located in Seychelles, and is owned by LERONA IMPEX SA. It was opened in 2006 and claims to give their clients a new proprietary system that is not found with any other broker. One popular feature is the live video chats offered by their customer service representatives to customers.

BinaryMate deal in three types of binary options currently: long term, intraday and turbo.

  • Long term trades are weekly and go up to 5 weeks.
  • Turbo options are 30 sec; 1,2,5,10,15 and 30 minutes.
  • A minimum deposit of $250for a new account, while the minimum trade is only one dollar.
  • A pay out rate of 90%.

Overall, BinaryMate seem to enjoy favorable reviews and feedback from the market.

TradeThunder

TradeThunder is another binary broker that accepts US clients. It is owned by ThunderStuck Investments Ltd DBA, based in The Commonwealth of Dominica, but their processing services are provided by Quetro Service GE located in Tbilisi Georgia. It was founded in 2015. They are therefore relatively new but have enjoyed positive reviews and feedback since inception. TradeThunder requires minimum trading deposits as low as $20, with pay out rate being in the 90th percentile. They use the Leverate’s BX8 platform which makes trading faster and easier.

A caveat to add is that they are located in an offshore jurisdiction and are no longer operated by their original owners, a factor that investors need to consider.

SpotOption BINARY OPTIONS BROKERS

Traders in binary options need to have a safe and reliable trading platform. A platform is simply a virtual place where all trades take place. It is the interface that allows traders to place trades. Platforms should be technically up-to-date and user friendly.

With over 200brokers on its users list, SpotOption is a financial company providing one of the most popular software in the binary options industry. It was the first to receive a CIF license from CySEC and actively encourages binary options brokers using its solutions to get licensed as well.

Some of its salient features include:

  • One touch: This trade type sets two targets. One above and one below market price. You choose which price target the asset could touch within a week. This comes with a high pay out.
  • Pair: This allows for trading one asset against another.
  • Spot follow: This allows newbies to follow the platform’s most successful traders and replicate their trade positions.
  • Rollover: This gives traders the opportunity to extend the expiry time on an active trade- for a fee.

OptioNow

This binary options broker was established in 2013 and is owned by Zluti Marketing Ltd.  They are based in Gibraltar and with the help of the advanced SpotOption platform have become one of the top binary options brokers.

To get started on OptioNow you are required to make an initial deposit of at least $250 and each trade has a minimum amount pegged at $5. They trade in over 80 asset types which include 6 varying stock trading options. Stocks available on OptioNow include Coca-Cola, MSF T, JPM and CITI.

TradeRush

TradeRush is owned by Edbruke Investments Ltdbut their operations are managed by 247 HoldingsLtd. The brand was launched in 2011 and they seem to have an excellent reputation. Although TradeRush is not regulated yet they are in the process of getting a CySEC license.

Their pay outs are given according to the trades used in the platform as follows:

  • Up/ down trades: Between 65% and 80%
  • One touch bet: weekly expiry and 500% payout if successful.
  • 60 sec trade type: Between 65% and 80%
  • A Minimum deposit required to start is $200

Overall, the TradeRush platform is easy to use, customer support is available 24/7 and withdrawal challenges are virtually unheard of.

CherryTrade

CherryTrade officially came online in March 2014 and is one of the top binary options brokers. It runs on the SpotOption platform and offers the following

  • Trades in over 70 asset types.
  • Offers iOS and Android custom-made apps allowing for trade-on-the-go.
  • The lowest payout can get up to 70% for some options while the benchmark for the highest payout is 400%.
  • Their standard pay out rate is however 81%.
  • It has an education tab with e-books and lessons split in to small videos.
  • The minimum deposit payable at sign up is $200, with the maximum trade amount being $1,000.

TECHFINANCIALS BINARY OPTION BROKERS

TechFinancials is an information technology company that produces financial trading interfaces. It presents one of the most professional and user friendly interfaces in the market, and supports more than ten prominent binary option brokerages.

TechFinancials Ltd was set up in 2009 and is based in Cyprus. It is also the first and only binary options technology provider to be listed on the London Stock Exchange AIM markets. It is also CySEC licensed. The software offers a mobile version, allowing traders the option to trade-on-the go. Various brokers have elected to use this platform.

BossCapital

BossCapital is one of the relatively new binary option brokerage brands in the market. It was established in 2014, and is owned by Altivex Ltd based in Gibraltar. This company is regulated by BVI Financial Services Commission. Some of the features offered here include:

  • Live chat support option, which is available around the clock should you need it. Thisis also a multilingual service
  • Their minimum deposit is set at $200 for new traders signing on.
  • They offer a about 200 assets to trade in, with a very good range of expiry dates.
  • Comes with a demo account and a 30% new account bonus.
  • 85% payout rate
  • Accounts can be operated in USD, Euro, British Pounds, Japanese Yen, Russian Rubbles, Australian Dollars and Canadian Dollars.

PlanetOption

PlanetOption is a binary options broker which was formed in 2015, and is located in Seychelles. They are owned by Homeland Associates Ltd.  Although previously regulated by the Financial Markets Regulation Centre in Russia, Their license has since been removed. The reason for this is not immediately clear, but it forms the basis for increasing skepticism from the market.

This notwithstanding they offer some attractive features, which include:

  • A demo account service for beginners
  • A user friendly interface
  • A 30% new account bonus
  • Free first withdrawal
  • A high return on investment at 85%

OptionFair

OptionFair was originally owned by Mika Holdings Inc., but is now managed by the TradeFinancials Group and are regulated by CySEC under license no. 216/13.

The company was launched in 2010, making them one of the pioneers in the binary options industry. An interesting thing to note is that OptionFair is not just a broker. They were also one of the first platform developers, and the fact that they are now operating under the TradeFinancials Group is testament to the quality of the platform they developed.

The return on investment offered to traders using this broker stands 70% to 89%, with a bonus of up to 50% on new accounts.

PandaTS BINARY OPTIONS BROKERS

Founded in 2007, PandaTS is a leading software provider in the forex industry. They however ventured in to the binary options industry in 2010 with a new platform which can be used as a stand alone broker, or integrated into an existing forex MT4 package. What this means is that forex brokers now have chance of enhancing their offerings with binary options with minimum hassle. This platform is web based thus users enjoy the added benefit of operating much more quickly and seamlessly because it does not require complex, memory –consuming software downloads.

PandaTS offers four binary option trading types:

  • High/Low: You decide whether the price of the instrument will be higher or lower than the execution price after a given period of time. Time frames here range from 15 minutes to 3 hours.
  • Hyper: Similar to high/low trading although the time frames are a lot shorter. Time frames available are 30 sec, 60 sec, 2 minutes, 5 minutes and 10 minutes.
  • One Touch: Here you predict whether the price of your instrument of choice will reach a given level within 15 minutes
  • Range: Here you predict whether an instrument will stay within a given reange or break  the upper or lower level of that range.

Example of binary option brokers using this platform are:

99Binary

99Binary was founded in 2012 but started operating in 2013.Thy are owned by Blue Marine Development Ltd based in London. Distinguishing features with this broker are:

  • High pay off and rebate demographics averaging 80% and 5% respectively.
  • Offer standard put/ call options as well as one touch, hyper and boundary options.
  • Live chat available from customer support
  • Assets to choose from include 15 currencies, 7 commodities, 23 stocks and 27 indices.
  • Trading is enhanced by the availability of the social/ copy trading option.
  • A learning academy with e-books and video tutorials. 

CTOption

This binary options broker’s features were discussed earlier.Of note though, is that general market feeling seems to be that client deposits are safe and secure, as they are segregated in separate accounts at DBS Bank Ltd, a Tier-1 bank in Singapore with “A+” ratings. For peace of mind and security, all trading activity data and personal information are encrypted using the latest technology in 128-bit SSL protocols to block any intrusions from unwanted outsiders.

Conclusion:

A lot of people are, with good reason, wary of trading binary options because they have heard about multiple fraudulent operations in the business and they are concerned about falling into a scam themselves. Some of the possible pitfalls include:

Ponzi scheme scams: where you place your money with an online broker, but that broker does not provide the services that are promised and uses the deposits of new clients to simulate profits on your trading account. Avoid this type of fraud by only opening a trading account with a regulated broker that possesses a long track record of client satisfaction.

Difficulty to withdraw your profits: Clients only realized they have become the victim of a scam when they try to make their first cash withdrawal. The most respected financial regulators are constantly releasing binary option broker’s blacklists that highlight the brokers you should avoid. Monitor the alerts from the financial regulators

Do not focus on the amount of the welcome bonus: Remain cautious about brokers that offer big welcome bonuses. The best binary option brokers rely on competitive rates, advanced trading platforms and strong security processes which are all much better competitive advantages than a simple bonus.

Look for multiple online reviews and client complains: There are many websites and public forums out there that gather reviews of the different online binary option brokers, and there exists many topics where clients can share their good or bad experiences.

No matter how much of a risk taker you consider yourself to be, it is recommended that you approach the binary options industry with some degree of caution before investing, especially in making the choice of broker.

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