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Maybe you’re still learning about trading, or perhaps you feel ready to take your first step into the trading market as a beginner. We’ve researched the binary options trading market extensively to help make your task of choosing a platform simpler.
Binary Options trading has only been around for a short time having been recognized and approved by the SEC (Security Exchange Commission) in 2008. As a new market, there has been a flood of Binary Options Trading Brokers trying to get their name out there and get traders to sign up with them. Some of these brokers are legitimate brokers, with good customer service and already have a proven track record in other areas of the market, while others are shady brokers who are more interested in taking trader’s money than helping them make money in the Binary Options trading market.
Often, new traders find the volume of brokers offering their service to be so great, it’s very hard to figure out who is legitimate and, given that they are legitimate brokers (and not scams out to take your money) what should they look for in a broker to get the best broker for their particular needs.
This article was written with the express purpose of helping you to understand just what you should look for when trying to decide on the Binary Options Trading Broker that is right for you. By understanding what to look for, you can save yourself time and even more importantly money right from the outset, by finding the right Binary Options Broker that is going to meet all your needs and get you the most return on your investment.
List of Trusted And Regulated Binary Brokers
Apart from the other sites that recommend brokers, what special with my site is I’m a Binary options trader, i have traded with all these brokers which are listed below + I have withdrawn money as a part of Testing broker
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What are binary options brokers?
When it comes to best binary options trading sites, looking at the essence of what the binary options brokers actually provide is a must. Like all things in life, one always needs to research a topic before being able to compare apples with apples. In brief, binary options brokers are ordinary brokerages which either solely provide features for binary options trading, or include different ways of trading – including binaries. However, it would also be accurate to say that when it comes to the best binary options trading sites, they are usually entirely geared to binaries without dealing with other markets (e.g. Forex) at all. You should be aware that binary options brokers are also brokerage firms that are in most cases operated and owned by large financial services providers or companies. Their size and reputation provides the feeling of assurance to their users and you would rightly expect these aspects to appeal to people looking to join binary options brokers. We strongly recommend that you follow our guide in order to give your trading experience the highest levels of security and safety.
How to select the best binary options brokers?
If you think that we will list for you a single binary options broker that is considered the best binary options site, don’t. The truth is that the large number of websites and the good trading environments that most of them offer makes it impossible to name one particular best binary trading site. Moreover – as you know different traders prefer different things. If you are a beginner in trading with binaries, features like user-friendly interface and reliability are the top things you are looking for, but others – more advanced traders – will probably try to look for good bonus systems or even intuitive platforms. But since we are here to help you in improving in trading with binaries and in finding the best binary trading sites, we cannot just pass you by without giving you some hints. What we are about to do is to show you how to select the best binary options brokers. Such a task won’t be difficult at all, if you follow our advice. To find out the most beneficial platforms for trading with binaries, make sure the binary options brokers you review or take under consideration have the following (or at least most of them) features:
They say reputation is everything, and when it comes to business with binary options trading sites the same thing applies. If a broker is mentioned by the critical institutions that are involved in the financial field, then it is probably worth checking. However, such formal recommendations aren’t the only sources for binary options brokers with a good reputation. Different forums, where the trading community gathers, can give you some directions in finding the best binary options brokers, too. Alternatively, some binary options trading sites have a section on their official page with feedback from their users. Last, but not least, there are many rating websites that exist to compare the different brokers, as well.
Until you actually start using them, you cannot be 100% sure that certain binary options brokers are reliable although, there are a few features that might lead you to the conclusion that these websites for trading with binaries are actually reliable. In most cases, reliability consists of two main things. First of all, it is mandatory for one of the best binary option brokers to be officially licensed by the national authority from the country it is based in. Second of all, a reliable broker for binary options trading is supposed to provide protection, not provide a scam. The protection covers both – personal data and financial transactions – and many of the binary options brokers today are even double protected. Such an example is any of the binary options brokers that are based in the European Union. In this example the platform is regulated by the national financial services regulation body and by the EU as an additional controlling body.
What to look before depositing with a Binary Broker ?
Point 1 – Is the Broker Regulated or Not
Point 2 – Alexa Ranking of Broker Website
# According to me No.1 Quality that a broker need is Fastest withdrawal .
# Only join brokers where we not need to Push Account Managers to getting paid Out .
# Never take any bonus from brokers – it have volume conditions – and we will over trade to meet volume and loss .
One of the first thing you should look for when shopping around for the best Binary Options Trading Broker is if and how they are regulated. Unfortunately, this can be a pretty complex issue, depending on where you live or where the brokers is operating. Different countries have different regulatory agencies and most Binary Options Trading Brokers are operating under that country’s regulations.
In the U.S. most Binary Options Brokers are regulated by FINRA, which stands for Financial Industry Regulatory Authority. This is a self-regulatory organization for the brokerage industry. In order to be completely compliant, they will also adhere to the SEC (Securities Exchange Commission) regulations.
For brokers in the United Kingdom, they should be regulated under the FCA (Financial Services Authority) and in Europe they are usually operating under the European Union, which has respective regulatory bodies within individual European states.
When Binary Options Trading first started, the majority of Binary Options Trading brokers were actually not regulated, but that has changed over the last few years and now, most Binary Options Brokers are regulated through Cysec (Cyprus Securities and Exchange Commission) or other documented exchange commissions and Binary Options Trading brokers that accept U.S. Trader must be regulated in the U.S.
Another important consideration when selecting a broker is their market capitalization. If they do not have a large capital, there is a good change the broker may go bankrupt and you may risk losing all of your funds, in this instance. Of course, in order to be regulated, brokers must be well capitalized to begin with, so looking for regulated brokers should help ease your mind about whether or not they have a large capital. Recently there the NFA (National Futures Association) and the CFTC (Commodity Futures trading Commission) have pushed the requirement for any broker that does business within the U.S. or accepts U.S. traders to have a minimum of $20 Million Dollars in capitalization. You can go on the CFTC website to see how much Capitalization your broker (or the broker you are considering) actually has.
You can usually find this information, however, right on the brokers website, or by inquiring with the broker themselves, as to the amount of capitalization they have as well as if they hedge themselves or if they are underwritten by a third party.
Something you should keep in mind when searching for the Binary Options Broker that is right for you is what kind of platform or software they are using. There are many different platforms out there, from popular platforms like Tradologic and Spot Option to proprietary Platforms that have been coded by in-house software engineers specifically for that broker. Many Binary Options Trading Brokers use a modified version of the more popular trading platforms and simply change a few cosmetic features or brand it with their own name.
Some of the most popular platforms include:
- Spot Option
- Tech Financial
- Paragon EX
- Stock Pair
Each of these platforms offer the trader a different way to view an work with the Binary Options. It would be nearly impossible to say which platform is best, as all of them have their strengths and weaknesses. It really comes down to which one you feel most comfortable with, personally. Some brokers also offer mobile platforms so that you can even trade from your cell phone or tablet. This mean, with some brokers you can even place trades and keep an eye on the market, while on the go.
One other thing to look for is whether the platform is web based, or if you have to download and install their software. If it is not web base, then this means that you will not be able to trade anywhere but the computer that it is installed on. If it’s web based, then you should be able to sing into your brokers page and access the software from where a computer and internet is
Binary options brokers will payout a percentage of investment to the trader who predicts whether an underlying asset’s price will be up (PUT) or down (CALL) and this percentage fluctuates from broker to broker. This is something you should pay very close attention to, when picking your broker. If the broker is not offering at least 65% to 70%, then you should probably use a different broker. I have personally seen the payout from Binary Options as high as 200%.
Some brokers will even offer a small pay-out for traders who’s trades are “out of the money” which means you get paid even when you guess wrong. Again, the amount of this payout varied widely amongst brokers, with some brokers offering as much as 20% “out of the money” payouts, while others offer no payout at all in these instances.
When looking for a Binary Options Broker you will want to find one with the greatest number of assets available for trading. Of course, you will want to be sure that the Binary Options Trading Broker offers the assets you are interested in, but you should also be sure that they offer other assets, in case the ones you are interested have become too volatile and too hard to predice.
The nature of trading for most traders include a small limited number of assets they deal with. These are usually assets they know about and make sure to get follow their graphs and to get updated with relevant information. When choosing the right binary options broker you should make sure that every broker you work with has trading options for the assets you want. You can lookup for the broker on Binary Options Academy and find the relevant information and get to the broker’s platform to review the assets list.
A good Binary Options Trading Broker will include all the major currency pairs, as well as listing major commodity and indices. If your broker doesn’t have a full and populated list of assets to choose from, they may not be that great and you might want to think about going with a more “serious” broker with a more populated list of assets.
You should definitely check out the customer service portion of any Binary Options Trading Broker you are considering doing business with. You want to be sure that, if there arises any problems using their service or platform you can get immediate and professional help. You should also check to be sure there is someone there to answer any and all questions you might have in Binary Options Trading in general. One of the best ways to verify they have good customer support is to call, text or email their support team with questions you may have before you even sign up, to see how quickly they respond as well as how knowledgeable they seem to be on Binary Options Trading.
A good, well established Binary Options Trading broker should provide several means of contact their customer support service, as well as providing customer support in multiple languages. You can use one or all contacts before you deposit any money with them, to see how quickly they respond in different scenarios. Don’t be afraid to ask pointed questions about their services and about what kind of bonus programs they offer.
Withdrawal Time period
The final issue we will be looking at in choosing a good Binary Options Trading Broker is in the period traders are required to wait until their withdrawn funds become available. All Binary Options Trading Brokers are required by law to tell you what the terms, process, timing and fees are associated with withdrawing your funds. This information should be very clear and/or easy to find on the brokers website. Most brokers will have several different methods for withdrawing your funds, and each method may have different times and terms for withdrawal.
If you have any questions about the withdrawal policies, you should be able to find the answer on the site, in their FAQ section or by contact Customer Support Personal (which is a good way of getting to know how fast and responsive their customer support is). If they do not have more than a couple methods of withdraw (eg. Credit Card and Bank Draft) then you might think seriously about moving on to a different broker. Also, if they have a time period greater then 24-48 hours for credit card or debit card withdrawal, you may want to look elsewhere, but what it all comes down to is how long you are willing to wait for your funds. If the wait time is unreasonable, then you should be able to find a better Binary Options Trading broker with more a reasonable withdrawal time period.
Trading is a game of probabilities. But, above anything, trading is not a game. These are real money involved. As such, traders must know the risks and the potential rewards involved. Moreover, trading is not an easy task.
There’s a lot of work involved, like in any regular job. Sometimes the market simply doesn’t move. When this happens, traders will insist on trading. They end up overtrading and if they are on the wrong side of the market, the funds are gone.
But, successful trading is not impossible. Patience and discipline are key. Together with a proper trading education and the right partner (broker), traders can make it.
The broker and the trader should have the same interests. Only when this is the case, traders have a fair representation in the financial market.
Never deposit more than you can afford to lose. We wish you the best of luck on your trades!
We wish you all the best of luck in finding that broker and Happy Trading! 🙂