15 Popular Binary Options Brokers of 2022: Which One Is The Best For Trading?
Since the United States Securities and Exchange Commission gave its approval to binary options trading in 2008, a growing number of investors have expressed an interest in diversifying their portfolios by entering the world of binary options trading. Because there is a growing number of brokers that are currently offering their services, it might be difficult to whittle down your options and locate the one who best accommodates your requirements. In light of this, we have compiled a list of the most prominent brokers to assist you in getting your search off the ground.
To be of assistance to you, below you will get a rundown on the 15 most prominent binary options brokers of 2022 that you may wish to take into consideration for trading. With any luck, the list will assist you in locating the broker that is most suited to your investing requirements and goals, allowing you to begin trading on your own with a high degree of success.
Even though binary options trading has a reputation for being risky due to its all-or-nothing basis, traders continue to participate in the market because it offers big returns. As a result of this, the markets for binary options continue to be robust in a variety of regions around the world, particularly in Asia.
Picking a reliable broker is the best way to protect your money when trading binary options. These brokers can help you cut down on your losses and provide you some peace of mind regarding the safety of your money. Traders that want to strengthen their transactions using blockchain technology may choose to conduct binary options transactions based on smart contracts.
The minimum deposit required, the maximum returns available, and the types of assets that can be traded are all variable depending on the broker. There are even some brokers who will let traders utilize cryptocurrencies in order to fund their accounts or receive rewards. The advantages of using blockchain technology as well as the benefits offered by global trends in fintech both have a substantial impact on the trade of binary options.
Today, we will take you on a tour of the top binary options brokers so that we can find you the binary options broker that is most suited to your specific requirements. Our breakdown of each broker details the most significant aspects, such as deposits, returns, bonuses, and platforms that are supported. You will be able to make an educated selection and obtain the highest possible level of security for your money this way.
The Top 15 Brokers for Binary Options
1. The IQ Choice
Since its founding in 2012, IQ Option has consistently earned high marks from customers reviewing the company on various websites. Trading is done with software developed in-house. The highest possible rate of return is 95%. However, merchants from the United States of America, Australia, Canada, Russia, Belgium, Japan, Turkey, Israel, Iran, Sudan, and Syria are not permitted to participate in this exchange. Due to the fact that it is supervised by the CySEC, IQOption Europe Ltd. has earned a solid reputation for providing trustworthy broker services.
It offers a wide variety of features that can be accessed via the web or on mobile devices, all of which contribute to making binary trading more open, reliable, and productive. For instance, it provides a speed trading service that allows for increments of up to 5 minutes and hourly binary options that allow for increments of 15 minutes. Additionally, it provides trading expiration durations of up to a month’s duration. In addition, its Digital Options service makes it possible for customers to trade gold in more than 500 other assets.
This well-known instrument for binary options trading provides a risk-free demo account that can assist you in getting started. The Real Account has a low minimum deposit requirement of just $10. In addition, the minimum deposit required for the premium VIP account is $3,000. The following support channels are currently available for customers: live chat, email, and phone. Last but not least, in order to make trading less difficult for you, this broker provides a number of different and convenient deposit and withdrawal methods.
IQ Option Essential Characteristics
• Minimum deposit: $10
• Minimum trade size: $1
• Maximum returns: 95%
• The following trading platforms are supported: a custom web app, Android, and iPhone
2. Nadex
One of the most often used platforms for trading binary options is called Nadex (which stands for the North American Derivatives Exchange). The fact that it is overseen by the Commodity Futures Trading Commission is one of the primary explanations for this phenomenon (CFTC). Another benefit is that it reduces the complexity of trading and makes it much easier to comprehend. This is because the trading structure has been streamlined, and the platform is user-friendly. Candlestick charts and a broad number of indicators, including moving averages (MA), Bollinger Bands, and Stochastics, are just some of the complex technical analysis tools that are included on this platform.
The website gives users access to a wide variety of marketplaces, such as the foreign exchange market (Forex), stock indexes, commodities, and even economic events such as the unemployment rate. One user account is required for this purpose. In reference to the trading account, Nadex does not require an initial investment and does not require a maintenance balance. Therefore, there is very little resistance to newcomers. In addition, consumers get to take advantage of a very low trading price of only one dollar per contract, plus an additional dollar as a settlement fee for any trade that ends in the money or is successful. If you do not end up in the money, you will not be charged a settlement fee. Users who take use of this option will never, under any circumstances, lose more money than they initially contributed to the deal.
Additionally, Nadex provides other cutting-edge items that are exclusive to the platform. These are known as Knock-Outs (Touch BracketTM), and they are a type of Nadex Call Spread. Both contracts already include flooring and ceilings as part of their terms. Every deal includes certain predetermined dangers. Users will always have a clear understanding of the maximum potential gains and losses available to them from the very beginning.
NadexGo is a mobile app that is available for users of both the Android and iOS operating systems. Therefore, you are able to trade and manage your positions even when you are on the move.
Key Attributes of the Nadex Exchange
• Minimum deposit: $0
• Maintaing balance: $0
• Bonus: none
• Payout ratios: Payouts can reach more than one hundred percent of the initial investment, after deducting any applicable fees. Your maximum allowable loss is the sum of the cost of the trade plus any applicable fees.
• Trading platforms supported include the web, Android, and the iPhone
3. 365Trading
365Trading is a company that operates out of Cyprus and is licensed by the CySEC. It first started doing business in the EU in 2012 and has done so successfully ever since. Its primary focus is on the trading of binary options. As of the time of this writing, United States traders are not permitted.
The bare minimum required to join is $100, and profits and bonuses can reach up to 85% and 100% of their respective values, respectively. You can test out their long-term and short-term expiries by opening a demo account with no initial investment required.
The platform, which is an in-house technology, is reliable and is an excellent choice for seasoned traders. As a tool for business analytics, it consists of charts, lines, and candlesticks, and it offers historical analysis of the data. The platform gives you the ability to build up three different assets with shortcuts for convenient access. In a same vein, you are able to trade four different assets at the same time using a main window and three sub-windows.
Email and phone support are both available to users.
365Trading’s Most Important Capabilities
• Minimum deposit: $100
• Maximum returns: 85%
• Bonuses of up to a hundred percent
• The following trading platforms are supported: our own, the web, Android, and iPhone
4. Ayrex
The United Kingdom is home to Ayrex, which is currently working on submitting an application to CySEC. It specializes in binary options trading and deals in 70 different assets. As of right now, American merchants are not permitted to participate.
Ayrex account holders can receive a bonus of up to 10%, 20%, or 30% of the money they deposit, depending on how much they invest. The minimum deposit required is only $25, making it one of the lowest.
This particular market has never seen anything quite like the broker’s exclusive trading technology, which allows for instant withdrawals. The user interface is clean and intuitive, and it provides easy access to a variety of markets. Trading in the short term is where it shines. You can also choose between high and low settings.
Live chat and email support are available around the clock. In a similar vein, the system may be accessed via apps for both Android and iPhone.
Key Attributes of the Ayrex
• Minimum deposit: $25
• Minimum trade size – $5
• Maximum returns: up to 85-90%
• Bonuses: $30 in free money for opening a new account, and up to a 30% bonus on each trade
• The following trading platforms are supported: our own, the web, Android, and iPhone
5. OptionFair
2010 marked the beginning of OptionFair, which currently has its headquarters in Cyprus. It is the first binary options broker to be listed on the London Stock Exchange and is licensed by the Cyprus Securities and Exchange Commission (CySEC). The United States’ traders are not allowed. The broker engages in foreign exchange (FX), contracts for difference (CFDs), and binary options trading on 118 underlying assets.
There is a $100 minimum deposit requirement, and returns can go as high as 100%. Nevertheless, there are no indicated perks; however, you are free to get in touch with support at any time to discuss alternative arrangements. The expiry time is far shorter than the industry standard, however this allows for faster returns on short-term trading.
The broker employs its own platform, which enables you to trade in a variety of financial instruments, including forex, binary, and CFDs, all from a single interface. You will have access to a vast array of assets and instruments, as well as a variety of timeframes for their expiration. Trading concurrently on forex and binary options is not only possible but also highly recommended. There are mobile applications available for both the Android and iPhone platforms.
The following languages are supported through phone: English, Spanish, Italian, and French. There are five international phone numbers available. Additionally, help is offered through both email and real-time chat.
Key Characteristics of OptionFair
• Minimum deposit: $100
• Maximum returns: 100%
• Bonuses: none
• The following trading platforms are supported: our own, the web, Android, and iPhone
6. BinaryTilt
BinaryTilt is an unregulated broker that has its headquarters in London, England. However, Depix Holdings, which is domiciled in Cyprus, is the sole owner of BinaryTilt. Despite the fact that it isn’t monitored, the broker appears to have a spotless history, receiving only few warnings from the relevant authorities. The United States’ traders are not allowed. It engages in trading across 150 underlying assets, including equities, indexes, foreign currency, and commodities.
The minimum amount is $250, and potential returns are as high as 85%. In a similar vein, bonuses can reach a maximum of 100%. High/low, one-touch, range, and on-demand are some of the trading types available. The majority of the corporations represented by the stocks are either American or European.
SpotOption is the trading platform, which is a standard but increasingly antiquated instrument in comparison to newer platforms available today. Because the user interface is straightforward and the components are well-arranged, inexperienced traders won’t have any trouble getting their trading careers off the ground. Chat is the primary support method, and there are apps for both Android and iPhone.
BinaryTilt’s Standout Characteristics
• Minimum deposit: $250
• Maximum returns: 85%
• Bonuses of up to a hundred percent
• Trading platforms supported include SpotOption, which is web-based, as well as iPhone and Android.
7. GTOptions
Another binary options company that operates out of Cyprus is called GTOptions. It makes use of the SpotOption trading platform, which is widely regarded as one of the most trustworthy web-based alternatives currently available on the market. It has an intuitive and user-friendly layout, with color-coded buttons and tabs that are organized according to the sort of asset offerings and trade offerings that can be traded.
This platform for binary options trading also provides a number of user-friendly tools that can assist traders in achieving greater results. One of its risk management features, for instance, enables traders to close off live deals and collect profits before the contract’s expiration date. In a similar vein, it possesses a binary meta mode that, in addition to supporting high-level trading, was developed expressly with professional traders in mind.
Finally, the provider offers customer help around the clock as well as a comprehensive library that can be used for learning and referencing reasons.
The Primary Attributes of GTOptions
• Minimum deposit: $250
• Maximum returns: 81%
• Bonuses: 50% bonus for amounts up to $1000, 100% bonus for amounts over $1000
• The following trading platforms are supported: our own, the web, Android, and iPhone.
8. OneTwoTrade
OneTwoTrade implements the well-known web-based trading architecture known as SpotOption. To better serve its customers, the organization stays abreast of the most recent developments in relevant fields of technology. OneTwoTrade is a trading platform that has been recognized for its effectiveness, security, and user-friendliness, and it has won an award for this.
The City of London serves as the location for this regulated and authorized binary options brokerage company. In addition to this, it is subject to stringent regulation by governmental bodies, such as the Malta Gaming Authority. In addition, OneTwoTrade undergoes stringent testing to guarantee its precision, consistency, and quality.
OneTwoTrade provides its users with the option of opening either a free or a premium trading account. The second option, which is known as Privilege Plus, gives consumers access to additional services such as extensive market analysis, unique promotions, and round-the-clock contact with top account managers. In addition, members of Privilege Plus receive either an iPhone or an iPad that is preloaded with a specialized mobile trading application.
The Key Features of OneTwoTrade
• Minimum deposit: $200
• Maximum returns: 65% to 85%
• Bonuses are unknown at this time.
• The following trading platforms are supported: our own, the web, Android, and iPhone
9. 99Binary
The headquarters of 99Binary can be found in Anguilla, which is a British overseas territory located in the Caribbean. This trading company for binary options has been in business since 2013, and it serves customers all around the world as well as in the United States. It includes an online portal that is both well-designed and thorough, and it provides a wide variety of features, trading tools, and information.
This HTML-based trading solution for binary options provides customers with the comfort of a dashboard design that is clean and clear of clutter. Users will like how the site offers data on the most recent successful transactions made by other users, which can be readily duplicated and used in the future.
Trading turnover requirements are yet another remarkable aspect of 99Binary’s offerings. Customers need to meet a specific turnover quota, which decreases with each subsequent tier, before they can cash out their bonuses. Traders who are motivated by bonuses will find this to be an excellent method.
The Main Attributes of 99Binary
• Minimum deposit: $250
• Maximum returns of up to 350% on One Touch bets, as well as up to 86% on Standard and 60-Second wagers
• In order to be eligible to cash out bonuses, users at the Starter level need to have a turnover of 30 times. Turnover requirements of 20 times are necessary for Premium users.
• The following trading platforms are supported: our own, the web, Android, and iPhone
10. Binary.com
UK-based Binary.com is an authorized broker that is regulated in the United Kingdom, the British Isles, Malta, and Ireland. Traders from the United States of America, Canada, Japan, Hong Kong, and Costa Rica are not permitted. It is one of the more open companies in the sector, declaring both its owning corporation and its market operations, making it one of the more transparent organizations in the sector. Binary.com, which was once known as BetonMarkets, combines gambling and trading while maintaining openness. CFDs, forex margin trading, and cryptocurrency trading are all available via MT5.
You are free to start the trading time prior to the expiration date, and the amount of your investment is determined by the payment that you choose. The minimum deposit is ten dollars, and for electronic wallets, it’s even less than that: five dollars.
There is no standard format for bonuses; rather, there are two distinct kinds of bonuses: free bonuses and deposit bonuses. In a similar vein, percentages are not set; nevertheless, in order to be eligible for a withdrawal, you are required to have a minimum of 25 turnovers. In addition to that, there is a payout commission of 1.5%.
The broker offers support for a variety of trading platforms, including Binary Webtrader, Binary Bot, and Binary Next-Gen, among others. In addition to this, it can fulfill all of the client’s trading requirements under one roof.
The platform is both easy to use for novice traders and powerful enough to satisfy seasoned professionals. The lectures on binary options are extremely in-depth, and the platform offers a wide variety of graphical tools, such as charts and technical indicators. In a similar vein, it is capable of supporting 12 different languages and offers a virtual money account. There are mobile apps available, some of which include a mobile payment system.
The Most Important Aspects of Binary.com
• The minimum deposit required is $10 for debit and credit cards, and $5 for e-wallets.
• Maximum returns between one hundred and one thousand percent, based on contracts and trades
• Bonuses: unknown at this time
• The following trading platforms are supported: our own online platform, Android, and iPhone
11. eToro
Tel Aviv, Israel-based eToro is not a traditional brokerage but rather a social trading network. It gives you the ability to mimic the trades of the most successful traders in its community in the hopes of achieving the same margins. On the other hand, your trading strategy might be replicated, which will bring you additional revenue.
You do not invest in currency but rather in other users of our network. Instead of studying financial charts and indicators, you should focus on becoming aware of the behaviour of other traders and analyzing the patterns or techniques that others employ.
There’s no need to worry about it because eToro offers more than 16 different video courses and lectures on how to improve your trading skills. These include locating regular traders rather than focusing on one-time transactions only. You will also receive a list of the top traders on indices, commodities, and currencies across a diverse variety of underlying assets.
You have the opportunity to join the Popular Investor Program as a trade authority and share your trading insights if you want to trade on the B side. The lowest amount required is $200, although the maximum profits might be somewhat variable. The network makes use of its own proprietary trading platform, which is compatible with iPhone and Android apps.
eToro’s Standout Characteristics
• The minimum deposit required is anywhere from $200 to $10,000 USD, depending on the country.
• Maximum returns: varies
• Bonuses: unknown at this time
• The following trading platforms are supported: our own, the web, Android, and iPhone
12. 24Option (Option)
Since it went live in 2010, 24Option has established itself as a trustworthy and dependable broker thanks to its regulation by the Cyprus Securities and Exchange Commission (CySEC). It operates on the trading platform provided by TechFinancials, which is provided by a third party. There is a potential for returns of up to 88%. This broker does not work with clients from the United States of America or Australia.
The minimum amount that must be deposited is $250, and the minimum amount that must be invested is $24. High/low, one touch and no touch, boundary, and 60-second trades are the sorts of trades that are available.
For beginning traders, there is the option of using a demo account. You have the option of signing up for a Standard, Gold, or Platinum account based on the amount of money you deposit and the functions that you require. 24Option’s customer service is available by phone, live chat, and email, and it is available in 13 languages in addition to English.
24 Optional Essential Characteristics
• Minimum deposit: $100
• Maximum returns: 88%
• First-time depositors are eligible for bonuses of up to 25 percent of their first deposit up to a maximum of 500 dollars, whichever is lower.
• Trading platforms supported include the iPhone, Android, and the TechFinancials website.
13. ETX Capital
The British Financial Conduct Authority oversees ETX Capital, which has its headquarters in the city of London in the United Kingdom (FCA). Note that the Financial Conduct Authority does not regulate binary options, even though this company trades in foreign exchange, commodities, stocks, and indices. Also, as of the time of this writing, American traders are not permitted.
The broker puts a lot of effort into educating inexperienced traders by providing thorough explanations of binary options, risk trading, and other important issues.
There is a $100 minimum deposit requirement, and returns range from 75% to 85%. There is no mention of bonuses, but they may be offered. If you phone their support line, they should be able to provide you a customised incentive that is proportional to your investment. Withdrawals of more than one hundred dollars are also free of charge.
As a trading platform, the broker utilizes MarketPulse. It is simple to use, even for novices, and the expiration dates are straightforwardly shown. On the other hand, it solely supports the English language.
Key Characteristics of ETX Capital
• Minimum deposit: £200 (approximately $260)
• Maximum returns: 100%
• Bonuses are variable and can be customized.
• MarketPulse, the web, Android, and iOS devices are all supported trading platforms.
14. CMC Markets
Since 1989, CMC Markets has been operating as a foreign exchange broker, although the company did not enter the binary options market until 2015. In comparison to the vast majority of binary options brokers, that is an exceptionally extended track record of trustworthiness and dependability in business. In addition to that, it is subject to regulation in the United Kingdom.
In the present day, it engages in trading in indices, commodities, shares, treasuries, and foreign exchange; however, clients from the United States are not yet welcomed. There is no requirement to make a minimum deposit, and there are also no bonuses available. Return policies are also different from one product to the next.
In the meanwhile, the platform supports customization and comes equipped with charting tools, capabilities for pattern detection, a variety of screen layouts, and several periods. The system can be accessed from mobile devices running Android as well as iOS. The customer service is situated in the United Kingdom and is available via live chat, email, phone, and fax.
Key Characteristics of the CMC Market
• Minimum deposit: no minimum deposit
• Returns as high as possible: up to 95%
• Bonuses: none
• The following trading platforms are supported: our own online platform, Android, and iPhone
15. EmpireOption
EmpireOption is a cryptocurrency trading platform that was established in 2010 and is headquartered in Uruguay. Its registered address is in London, England. As is the case with the vast majority of brokers, US traders are not permitted. The broker engages in forex and CFD trading using an extensive investment portfolio as the underlying asset.
The least investment required is $200, and the maximum returns can reach up to 80%. In a similar vein, bonuses can reach 100%, but there are conditions attached.
SpotOption serves as the basis for the trading platform, however the SpotOption payment network is absent. EmpireOption employs its own branded interface and keeps a firm grip on the majority of the variables pertaining to trading.
Phone and email help are available.
Principal Attributes of EmpireOption
• Minimum deposit: $200
• Maximum returns: 82%
• Bonuses of up to a hundred percent
• Trading platforms that are supported include SpotOption, the web, Android, and iPhone.
How Can One Achieve Success When Trading Binary Options?
Despite the fact that many people are unsuccessful at it, many people continue to trade in binary options. This is due to the ease with which one can trade, in addition to the large profit potentials that are offered by it. Is it nonetheless still possible to achieve success in this potentially lucrative trade, despite the fact that thousands of people all over the world continue to deal in binary options every single day?
A reliable list of the best binary options brokers operating in the modern market is a smart location to begin your research. That should now count as a check. In a similar vein, if you want your payment transactions to go through without a hitch, make sure you have the right payment gateway providers. Finally, have a look at the following important aspects that will contribute to your success in trading binary options:
• Acquire the skills necessary to read charts of the past, the present, and the future.
• Put different trading methods to the test and stick with the one that performs the best.
Always take into account the various market indications.
• Acquire the ability to rein in your feelings and use them to your benefit.
• When trading, you should focus on building on your strengths and paying attention to your signals.
• Create a personalized trading strategy for the long run and commit to following it.
Trading in binary options is not only challenging but also extremely high-risk due of the enormous stakes that are typically involved. It is possible to be successful in the trade of binary options if you are willing to put in the effort required to learn the ropes and maintain your devotion to the endeavor.