Compare Binary Options Brokers

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

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 in Russia

Binary Options Brokers
Broker Regulated Min Deposit Payouts Bonus
Binary.com $5 90% » Visit
Binomo $10 90% » Visit
BDSwiss $10 N/A » Visit
Spectre $10 (ETH) Up to 200%* » Visit
OptionField $5 93% Pro Account Discount and 10% Cashback » Visit
24Option $100 » Visit
Nadex Exchange $250 100% » Visit
RaceOption $250 90% 100% Deposit match bonus » Visit

How to Compare Brokers and Platforms

In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from Russia. 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.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

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.

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.

How to Compare Binary Options Brokers

As binary options trading continues to gain prominence as an alternative investment and hedging vehicle, the number of binary options brokers entering the business, to take a slice of the market, has grown manifold. However, not all the binary options brokers will suit a trader’s risk profile. Thus, it becomes vital for a beginner to sign up with a proper binary options broker so that unwanted future conflict is avoided and trading can be commenced with peace of mind. To achieve the objective, a trader should first of all compare all the binary options brokers based on the following criteria and arrive at the one matching his needs.

Availability of demo account

A demo account enables a trader to get acquainted with a binary broker’s platform, improve the trading skills without risking real money and fine tune the strategy, if necessary. Thus, availability of a demo account provides a certain level of comfort to an aspiring binary option trader. Not all brokers provide a demo account. Additionally, the clauses for the availability of a demo account vary between brokers. Thus, it becomes vital for a trader to consider the availability and rules pertaining to a demo account while comparing binary option brokers.

Location of the company

The jurisdiction under which a binary options broker operates speaks a lot about the company’s credibility. Generally, brokers registered under the European Union and USA is perceived to be trust worthy. Even though, the zone of registration has got nothing to do with the honesty of a binary option broker, still, a company located in a country with strict financial laws is seen as stable and dependable. At the least, traders will have recourse in case of any malpractices by a binary broker operating under stringent financial laws. Thus, of a binary options broker should certainly be looked at while comparing different brokers.

Year of establishment

The adage “old is gold” perfectly fits a binary options business model. A binary options broker is considered to be financial stable if they had been operating without any major issues for a long period of time. The reason is that only a credible binary options broker who has a proper mechanism to balance the risk exposure will be able to survive in the business for several years. Thus, the year of establishment is certainly a factor to consider while comparing binary options brokers.

Time for deposit and withdrawal

Speed of deposits is a vital factor in binary options trading business. Not all traders would be interested in keeping a surplus balance in the trading account. As and when required, a trader should be able to deposit without undue delays. Similarly, payout delays beyond a week would put a serious question mark on the financial stability of the company. Thus, speedy process of deposits and withdrawals should be considered during the comparison of binary brokers.

Maximum gain

The maximum reward for a successful trade ultimately decides the breakeven percentage. Thus, a broker offering an attractive reward is always given preference by binary options traders. Early exit facility is yet another factor which should be considered along with the reward percentage. A broker offering a reasonable reward with early exit facility is better than a broker offering a high reward without any kind of early exit facility.

Return on loss

As an act of encouragement, few binary brokers offer some sort of compensation for trades that result in a loss. However, the reward for successful trades will be relatively lower. If a trader starts with a small capital then such a kind of compensation will be helpful as the account will not get drained in case there is a series of losses. Thus, while comparing brokers, professionals’ advice a trader to take into account the rebate amount.

Minimum and maximum deposit

The financial status of no two traders is similar. Thus, minimum deposit, which may look as a miniscule amount for one trader will look quite large for another trader. Since a trader should always invest only surplus funds, minimum deposit requirement is a must consider factor while comparing binary brokers. The maximum deposit amount is an aspect to be considered if a trader is in a position to invest large amount and plans to take multiple positions (trades) simultaneously.

Minimum and maximum positions

Most brokers do not demand taking more than one position at a time. However, brokers certainly stipulate the minimum value of a trade. If it is too much on the higher side then such a broker should be placed below those brokers who call for a small but reasonable amount to be invested per trade. As far as maximum position for a single asset is concerned the trading platform will certainly have an upper ceiling. If a trader plans to invest huge sum in multiple assets (& different kind of trades) then it is better to have a look at the fine print, which will clearly indicate the maximum volume of trade allowed at a given point of time. The minimum allowed position or minimum investment per trade is certainly a point to consider while comparing different binary brokers.

Reference quote

The live price of an asset shown on the binary options trading platform may be derived from one or more sources. There are even instances of using custom mathematical calculations for arriving at the last traded price. The reference quote may be practically disadvantageous to a trader. Thus, it is always better to know the price source of a binary option trading platform. This is certainly a point to note while rating binary options brokers.

Stability of trading platform

It is not uncommon to see traders complaining about web based platform related issues including price freeze. Such problems may ultimately decide the fate of a trading account. Thus, it is important for a trader to compare the stability of trading platform provided by various binary option brokers. Since it is impossible for a trader to open account with all the brokers and test the platform, after considerable scrutiny, reviews left in the internet by reliable sources can be taken into account.

Bonus for deposit

Pertaining to certain terms and conditions, invariably all binary brokers offer some sort of bonus for the deposits made. It is up to the trader to take it or not. If the terms are hard to satisfy then the bonus will have practically little meaning. The terms of bonus is a matter to be considered while comparing binary options brokers.

Mode of deposit

Depending on where a trader is located geographically, the choice of mode of deposit will vary widely. Thus, a trader should look into the different mode of deposits offered by a binary broker. While wire and credit/debit card transfers are commonly available mode of deposits there are brokers who offer a large range of electronic payment methods for depositing and withdrawing. While preparing a list of binary options brokers, a broker offering multiple modes of deposits is certainly placed higher than the one accepting only wire transfers.

Charting software

Most of the binary options strategies are based on technical analysis. Thus, it is quite important for a trader to have dependable charting software, which can show price movement without any aberration. If the price chart looks blur or does not contain basic analysis tools then the probability of making a perfect entry is lower. So, assessment of charting software is a must while comparing binary option brokers.

Number of assets

Binary options brokers always make sure that a client does not leave them due to lack of assets for trading. However, there may be cases where a client may be interested in trading only a particular index or commodity, which may not be available for trading with a particular broker. Thus, a broker selection should also be based on the number of assets provided. A good binary option broker will be able to provide a wide range of assets for trading. This is a factor which needs to be noted while comparing binary option brokers.

Expiry periods

The expiry period of a binary options contract usually ranges from 30 sec to more than a week. While some brokers are flexible enough to allow customers to create their own contracts there are few others who offer only contracts with fixed expiry periods. Since a trading strategy may not be suited for a particular time frame, a client needs to look into this aspect before picking up a binary broker. Thus, comparison of binary options brokers should certainly involve looking at the range of expiry periods offered for trading.

Range of options

There are brokers who offer special range of options (for e.g., ladder options) which are distinct from the simple high/low bets. The rewards for such option contracts are usually higher. A speculator who is willing to take calculated risk for huge gains would certainly look for such kind of option contracts. Thus, the range of option contracts offered for trading is certainly a factor to be considered while comparing binary option brokers.

Social trading

New entrants to binary options trading will always look for some sort of guidance. Social trading fills up the space between a beginner and professional. Thus, it is a vital factor which should be certainly taken into consideration while comparing binary option brokers.

Customer support

A binary option broker is held with high regard if they provide a 24×7 customer support in more than one language. The nature (online chat, telephone call) and promptness of customer support also matters a lot. Such details should be considered while comparing binary option brokers.

Mobile trading facility

Binary options trading require lot of patience and concentration. Thus, traders would prefer to remain aloof during trading. However, there are situations where a trader may get held up for hours unexpectedly while traveling. In such cases, mobile trading facility will come handy. The trader will be able to take the opportunity to cash on a good trade setup.

Usually, the above mentioned points are carefully analyzed while comparing binary options brokers. However, it should be noted that the needs and aspirations of each and every trader is unique. Thus, a broker who may look great for one trader will not be so for another. It should be remembered that comparisons are always made based on generic aspects related to trading.

Compare Binary Options Brokers

You can trade in several assets with binary options, including commodities, forex, indices and stocks.

Home » Compare Options » Compare Binary Options Brokers

Binary options trading can help you make a profit on the stock market when you bet correctly on changing share prices. Compare these accounts for larger maximum payouts on your winning bets.

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Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

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