Review of the Top Binary Option Signal Providers
Monitoring and analyzing all the financial markets is time-consuming and requires advanced knowledge that most beginner traders don’t have yet. That’s why thousands of traders are relying on binary option signals to provide them with real-time trade alerts. With accurate trading signals, you can simply copy the information provided to your favorite trading platform and enjoy a much higher chance of success.
These trading signals are developed by professional traders that are constantly analyzing the financial markets and spotting opportunities to make a profit. If you’re subscribed to one of the many binary signal service providers, you’ll receive daily signal alerts via SMS or Email with exactly what asset to trade and when to trade them.
The problem however, is that not all binary option signal providers are created equal. Some of these services are simply scams that take your money and deliver bad signals with inaccurate information.
Luckily for you, our team has put together a list of the best binary option signal providers to choose from. Each of these services has been analyzed on a variety of key factors such as success rate, price, and customer service.
|Name||Success Rate||Trial Period||Monthly Price||Learn More|
|Quantum Signals||75-85%||$9.99 / 7 Day Trial||$99 / Month|
|Updown Signals||70%||$7 / 7 Days||$97 / Month|
|Binary Option Pro Signals||72.5%||$14 / 14 Days||$97 / Month|
|TheBinarySignals.com||72%||$9.99 / 1 Month||$97 / Month|
List of Binary Signal Services We’ve Reviewed:
- Binary Option Pro Signals
- Binary Option Robot
- Option Bot
- Quantum Binary Signals
- UpDown Signals
What Are Binary Option Signals?
Binary trading signals are usually developed by professional traders that are constantly analyzing the technical and fundamental influences that can impact the price of an underlying asset. The types of assets that are monitored include currency pairs, indices, stocks, and commodities. Once a profitable opportunity is spotted, these signal services will provide you with a real-time trade alert that will be sent directly to your phone or email.
These binary signals will include everything you need to know including the name of the asset, the predicted market direction (up or down), and the expiry date to use for your trade. Once you have this information, all you need to do is log-in to your preferred binary option broker and enter the the information given to you by the signal provider.
This information is a secret weapon for many traders of all experience levels. Beginners simply don’t have the technical expertise to analyze the technical aspects of the financial markets, while advanced traders simply don’t have the time. Binary signal services are pretty inexpensive, and can give you the advantage you need to make consistent profit.
Things To Consider Before Choosing A Binary Signal Service
Above, you can see that we put together a comparison table to help you find the best signal provider. Although we’ve done a lot of the homework for you already, there are still certain things that you should take into consideration.
1. Success Rate on Trades
No services can guarantee a 100% success rate on binary option trades. If a company does offer such a high success rate, avoid the company at all costs – because they’re not being honest. Most companies guarantee a 60-80% success rate on signals they provide to their customers. Having anything above a 90% success rate is pretty much impossible, as there’s too many variables to accurately predict financial market movements with such precision.
2. Risk-Free Trials
Several companies offer risk-free trial subscriptions for their services, so you can test out their binary trading signals before committing to paying their full monthly price. This is a great way to see how accurate these signals really are and compare different signal providers against each other.
3. Broker Selection
Before you can use these binary signals, you must have an account with a binary option broker. Some signal services require you to only use their preferred brokers, while other companies will allow you to use the broker of your choice. Finding out this information beforehand may be a critical factor in choosing which service to use.