Best Binary Options Brokers

AwardsBrokerMin DepositMin TradeBonusPayoutAssetsRatingReviewVisit
award yellow24 Option$250$24Up to 100%89%100+ReviewVisit Broker
award blueBanc De Binary$200$10Up to 100%Up to 80%70+ReviewVisit Broker
award redTR Binary Options$250$5Up to 100%Up to 85%120+ReviewVisit Broker
EZTrader$200$25Up to 100%Up to 85%90+ReviewVisit Broker
OptionsClick$200$10Up to 100%Up to 89%150+ReviewVisit Broker

To trade effectively you need a top binary options broker to place your contracts with. With a great many different choices on the market it is important that you make the right one. You want a broker with a good reputation that will look after not only you, but also your money.

The are a number of important considerations that you need to take into account when making your choice. All of the above companies make use of the leading web based binary trading platforms. and make it onto our list of the best binary options brokers.

Tips For Choosing Your Binary Options Broker

1 Regulation

A regulated binary options brokers is a must it comes to trading. You want to make sure that a broker is regulated for several reasons. Firstly it is important to know that regulated brokers have to operate within the guidelines of the regulator. This helps to iron out any malpractice or manipulation that can occur when the broker is free to determine their own trading rules.

Secondly, a regulated broker must segregate your deposited funds. This is to keep them distinct from it’s own financial capital. This provides a level of assurance that your funds are not simply going to disappear if the broker goes bust. If this were to happen, then your funds will simply be returned.

Many brokers are regulated under the Cyprus Securities and Exchange Commission. You should look for confirmation of membership of this as a minimum before parting with your money.

While it can sometimes be difficult to distinguish regulated and unregulated brokers, we have made the task simpler. We only include the top regulated binary options brokers in our list of recommendations.

2 Trading Platform

Firstly they offer the most cutting edge trading platform which will allow you to trade a wide range of binary contracts including Call/Put, Touch and 60 second contract expires. This provides a great scope for developing and profiting from a wide range of strategies. Furthermore it also pays to check whether these binary options contracts can be placed via a mobile trading app. Many brokers now offer these. They allow you to trade on the go with dedicated apps available for Android and iPhone devices.

As part of the overall trading package you should also consider the level of support on offer. This is of particular importance to new traders and also to anyone who has an issue that they need sorted out quickly.

To make it easy most brokers offer a wide range of different contract mechanisms so you can get hold of them in a hurry. These include telephone, email and online chat support. Some also offer access to personal account managers and additional educational materials such as eBooks, online trading centres and webinars.

3 Returns

The returns offered by these brokers are generally good but it is always beneficial to look for the highest returns that you can.

Trading is not just about spotting good opportunities. You need to be adequately compensated for your risk and this means getting a high return for your wins. This will help you to increase the level at which your strategies are profitable.

Some brokers also offer ‘out of the money’ returns on their platforms. This entitles you to a small percentage payment of your wager back, even if the contact loses. This can help to provide a buffer for new traders who are finding their feet with the strategies.

4 Bonus Levels

Brokers often offer bonuses to new trading clients when they make their first deposit and start trading. It is common to be offered up to 100% of your initial deposit as trading capital. You can use this to boost your trading levels in your account and as a consequence, boost your profits.

While this can be beneficial, it is important to recognize the pitfalls. Terms and conditions attached to the bonus can keep you tied to your account and you are likely going to have to conduct a lot of trading before you can ever withdraw it.

While bonuses can be useful if you are experienced and know how to use them, they should be treated with some caution. Always check the terms and conditions before you accept them. It is important that you are happy to any terms before proceeding. Ask the broker if in doubt!

The above tips cover the key points that you need to consider. If you use them you should be able to find the best binary options broker for your trading.