Review of The Best Binary Option Brokers
The first step to getting started with binary option trading is to select a broker. A broker is a company that provides you with the trading platform that you need start trading options on assets such as commodities, currencies, indices, and stocks. However, it’s important that you carefully decide which company you want to work with because they’re not all created equal.
Luckily, we’ve done all the homework for you! We understand how difficult it is to find a good binary option broker, and that’s why we’ve compiled a list of the best companies in the binary option industry. We’ve analyzed all the top brokers on a variety of key factors including payout rates, bonuses, trading platform, customer service, and more.
Top Overall Binary Option Brokers
|80%||$100||Up to 100%||Visit Broker|
|85%||$100||Up to 100%||Visit Broker|
|85%||$200||Up to 100%||Visit Broker|
|89%||$250||Up to 100%||Visit Broker|
|81%||$200||Up to 75%||Visit Broker|
Choosing Your Broker – Things You Need To Consider
Among the many different factors you need to consider when choosing a broker to work with, here are the most important.
Payout and Return Rates
One of the biggest factor that most traders take into consideration is the payout and return rates offered by the broker. A payout is the amount of money you win if your trade lands “in the money”, and the return rate is the amount of money you make if your trade lands “outside the money”. Your typical payout averages for most brokers is 75-90% of your investment amount. Not all brokers offer return rates, but the ones that do typically offer 5-15% refund on losing trades.
Since the binary option industry is so competitive with nearly 100 different brokers to choose from, many companies are offering trading bonuses as incentives to help acquire new traders. Not every broker offers binary option bonuses, but the ones that do typically offer 50-100% of your initial deposit amount.
Minimum Deposit Amount
Deposit and withdrawal policies are another important factor to take into consideration. If you’re a beginner, it may be wise to choose a binary broker with a lower minimum deposit. Most brokers have a minimum deposit of $200, but some are more catered towards novice investors with deposits as low as $100.
Deposit and Withdrawal Methods
Another important factor you need to consider is the methods available to deposit and withdrawal money from your account. If your plan is to use only Paypal to deposit money into your trading account, then obviously you need to make sure the broker offers that type of payment method. Most brokers at typically accept credit/debit cards, wire transfers, and skrill.