Rating of the Best Binary Options Brokers 2023 – Review
- Check Our Hot Topics:
- Best Binary Options Brokers 2023
- Criteria for Choosing a Broker
- What is CySEC Regulation?
- Types of Options
- Supporting Instruments
To search for a reliable and fair brokerage company is much easier if there is a rating of binary option brokers; you can know about a minimal deposit size, payout terms and bonus types there. Our site presents the rating of reliable binary option brokers; it is constantly updated and contains short descriptions of their main features and possibilities. We do our best to find companies with the most attractive offers for novices in trading. We make sure our rating includes only the best binary options brokers who have been tested by our editors and readers.
|Best Binary Options Brokers Comparison for 2023|
|Raceoption Review||–||85%||$250||Up to 100%||N/A||Trade Now|
|FinRally Review||–||90%||$250||Up to 100%||Read Review||Trade Now|
|BinaryMate Review||–||90%||$250||Up to 100%||Read Review||Trade Now|
|BinaryCent Review||–||90%||$10||Up to 100%||Read Review||Trade Now|
|Daxbase Review||–||85%||$250||Up to 100%||Read Review||Trade Now|
|Videforex Review||–||85%||$250||Up to 100%||N/A||Trade Now|
As a rule, any even a very small brokerage firm regards itself as the best one. At least they claim so. Unfortunately, it is far from being true in many cases. If you really need only the best binary options brokers, you won’t do without a thorough study of all details.
You can use our reviews of most popular binary option brokers; you will be able to get all the necessary information about the company you are interested in. We try to give an unbiased assessment and share our personal experience of working with a broker. Also, we have arranged the binary options brokers’ rating which will help everyone to choose the appropriate company.
But, of course, nothing could enlarge your outlook better than your individual search.
Criteria for Choosing a Broker
In our opinion, a good binary option broker should:
- have a positive reputation among traders;
- offer exhaustive teaching materials;
- pay out money without any delays and upon the first demand;
- charge a relatively small commission;
- have operated in the market for at least two years;
- have all the necessary licenses and permissions;
If your broker meets the given requirements, you can start trading. Some regulated binary options brokers allow opening a free demo-account, which considerably facilitates training. The size of the necessary deposit is also important for novices in trading, as the smaller it is, the easier it is to enter the system.
Matching you demands and knowledge you will easily choose the best binary option broker. Keep track of our site updates, we regularly publish new reviews and introduce changes into our rating of binary options trading brokers.
What is CySEC Regulation? Advantages!
A trader registered in a binary option brokerage company which is under CySEC regulation (Cyprus Securities and Exchange Commission) has some advantages:
- Brokers guarantee the safety of client’s money; the company money and clients’ money are kept on separate accounts.
- Brokers can’t use investors’ money to their advantage.
- In case of brokers’ bankruptcy their clients’ funds up to €100 thousand are protected (only for payback).
- CySEC supervision is strict, if any infringements are found, a brokerage company will be fined or even its license will be revoked.
- Safekeeping clients’ money in the best banks of the world.
CySEC is Cyprus Securities and Exchange Commission. As Cyprus became the member of EU in 2004, CySEC became a part of European regulation, thus giving companies registered in Cyprus the access to all European markets. Thanks to this fact a lot of foreign companies took advantage of this regulation regime and got registered in Cyprus.
- Being under this regulation guarantees the quality and transparency of all transactions performed on the platform.
- Safeguarding clients’ funds. Separating the accounts allows restricting companies in using funds which can be paid as allowances to traders.
- Companies can’t use investors’ money. It is kept on a separate account and available for a client at any time.
- Bank accounts were separated in order to provide clients with payouts irrespective of a company solvency or its financial state.
- Investors’ Compensation Fund (ICF). In case of brokers’ bankruptcy their clients’ funds up to €100 thousand are protected (only for payback).
- Strict supervision over risk management/audit.
- The code of behavior and strict corporate management.
- Safekeeping investors’ funds in the best banks of the world.
Types of Options
Binary option brokers offer a great variety of options. Brokers use different terms, though they are essentially the same. The main types of options are considered below.
Classic Binary Options
The classic binary option, an option with a fixed profit, is a world standard and basis for trading binary options. The essence is that You have to determine an underlying asset and define if it will be higher or lower than the initial cost according to the chosen or offered deadline of transaction expiration.
In case of a correct prognosis you will get profit of 70-95%, but if it is not correct, some brokers will pay you 10-15% of your investment.
The option “60 seconds”
The option expiration time finishes in 60 seconds. This option is really unique among quick transactions, it is ideal for “scalpers” and traders who are fond of dynamic trading.
The constructor of options is for traders who have their own opinions and unique trading styles. It is a flexible and convenient instrument; traders set transaction parameters and option expiry time by themselves. The profitability of options varies from 25 to 85%.
The option “One Touch”
It is to be envisaged in this option that the price of the asset chosen should touch a definite value by the expiry time. The given instrument is quite exotic for those who like to trade at weekends. In other words, the option mentioned allows risking and making prognoses.
The option “One Touch” is an option with predetermined terms and a predictable result. Everything you have to do is to buy the option and agree to the terms provided. The most pleasant thing is that this option profitability gets 260-650% of your investment.
Each broker provides their own trading terms. The given options can be traded on any day from Monday to Friday from 06:00 GMT to 13:00 GMT as well as at weekends. These options “One Touch” are becoming very popular when there are great fluctuations in the market. There appears a great probability of an underlying asset touching a certain mark.
There are brokers who allow traders to sell back an option that was not exercised. It goes without saying that you will not get back all your funds, but if compared with a small compensation offered by brokers in case of losing, the sum you are going to get in this case is quite reasonable. Not many brokers offer such options.
The lower and upper boundaries are defined in such options. According to a given period of time the price is inside or outside these boundaries. While trading boundary options the bid is made on the asset price which is in between two boundaries or it gets beyond boundaries.
The instrument “Double UP” (to double)
Using this tool a trader can double the investment, when the market moves in the predicted direction and is close to the transaction expiration time.
The instrument “Rollover” (to prolong)
This function is very useful when the market moves in the opposite direction to that one predicted by a trader. Applying this function, you can roll over the transaction expiry time to the next one.
All option brokers have their own trading platforms and various financial instruments as well as detailed descriptions of each option. If you can’t understand anything, you can apply to the customer support service. All brokers have such services. Brokers appreciate their clients and treat them loyally and attentively, they will explain how to use financial instruments in detail and answer all your questions.
Our advice: If a broker was reluctant to communicate with you, keep far from such a broker.
Payment, Bids, Interface
Experienced participants, who traded in Forex currency market before binary options, frequently choose platforms with a wide functionality and a maximal set of instruments. As for novices in trading they care for the bid size and method of payment. A lot of binary option brokers provide really favorable platforms where it is possible to make a bid in 2-3 clicks.
It is very convenient for novice traders when the minimal bid size is only one dollar, a stupid mistake will not provoke losing the whole deposit; on the contrary, it will help to learn the system step by step. A minimal bid can be up to 20 dollars on some platforms.
As for payment methods it is very handy when a broker works with most European payment systems. There may be situations when a broker accepts payment only by bank cards. All brokers have different sizes of minimal sums to be credited, they can be 10, 100 or 200 dollars (everything depends on a particular broker).
|Not Verified Binary Options Brokers|
|Opteck Review||N/A||N/A||N/A||N/A||N/A||Read Review||SCAM|
|Utrader Review||N/A||N/A||N/A||N/A||N/A||Read Review||SCAM|
|Finpari Review||N/A||N/A||N/A||N/A||N/A||Read Review||N/A|
|Top Option Review||N/A||N/A||N/A||N/A||N/A||Read Review||N/A|
|24Option Review||N/A||N/A||N/A||N/A||N/A||Read Review||N/A|
Support and Training
Binary options trading brokers treat their clients differently: some offer very useful tutorial videos, regularly updated blogs, advice, 24-hour support, others provide only a short instruction. Each reliable broker has a technical support which allows getting competent consultations and helps to solve appearing problems just on the spot.
When choosing a broker, it is necessary to examine all the criteria, take into account other users’ feedback and watch introductory video materials. After estimating the criteria all together, you will be able to take a really correct decision.
|Rodeler Limited||2009||99 Bishopsgate, London EC2M, United Kingdom||+44 161 960 email@example.com|
|Centralspot Trading Ltd||2011||Lophitis Business Centre, Office 102, 249, 28th October Street, Limassol, 3035 Cyprusfirstname.lastname@example.org|
|Lerona Impex SA & Norske Inter LP||2014||306 Premier Building, Albert Street, Victoria, Mahe, Seychellesemail@example.com|
|uTrader Day Dream Investments Ltd||2011||Trust Company Complex, Ajeltake Road, Majuro, Marshall Islands, MH96960firstname.lastname@example.org|
|Iqoption Europe ltd.||2013||Silver House Business Centre, 19 Spyros, Kyprianou Avenue, 3070 Limassol, Cyprus||+357 25 262 email@example.com|
|Nuntius Brokerage & Investment Services S.A.||2012||6 Dragatsaniou Street, 7th Floor, 10559 Athens, Greecefirstname.lastname@example.org|
|Affort Projects S.A.||2017||309/310 Premier Building, Albert Street, Victoria, Mahe, Seychellesemail@example.com|
|Affort Projects S.A.||2016||309&310 Office, Albert Street Victoria, Mahe, Seychellesfirstname.lastname@example.org|
|Bernatex Inter S.A.||2017||309&310 Office, Albert Street Victoria, Mahe, Seychellesemail@example.com|