It’s not 2008 anymore. There are over 400 binary options broker today. Choosing a good broker is the key to binary trading success. This post will make that task easy for you. Before getting to the list of 5 best binary brokers, we will discuss our selection criteria.
Factors to consider before choosing your binary broker
The first and foremost thing to look for is trust. You can check it on forums and ratings board. You should be looking for quality broking sites that have solid, reputable track record. Importantly check how fast their clear pending payments and withdrawals.
If you are in the U.S. choose a broker who offers a range of funding options. The same applies to withdrawal options too. There are some pretty good brokers for the U.S traders. Nevertheless, a lot of binary brokers keep U.S in list of restricted territories.
If you are in the U.K., residing in United Kingdom offers plenty of benefits. You can trade with virtually any broker online. There are no regional restrictions whatsoever. CySEC and FCA are the two main regulatory bodies of the U.K. They work so well in regards to Forex and binary options trading.
In fact, traders from all of Europe are fortunate considering the presence of top regulatory bodies. Choosing a broker regulated within Europe will be a smart choice. They have some stricter financial directives, thereby ensuring the security of traders and their funds. Above all, CySEC happens to be the main regulator for binary options traders.
5 Best binary options brokers 2019
1. 24 Option
You can start trading for as little as $24. The maximum single trade limit is a whopping $5000. The maximum profit you can make is 95%. The minimum eligible deposit is a middling $250. Evidently, the limits help traders of all ranges. Moreover, they are regulated by CySEC.
2. Banc De Binary
Banc De Binary lets you trade binary options with just $1. The upper limit for a single trade is $3000. The maximum profit percentage per trade is 91%. The minimum eligible deposit is again $250. You have 180+ assets to trade in this platform.
3. Any Option
This broker lets you trade with variable amounts, in regards to investment. The minimum single binary trade varies with the asset. The maximum profit you can make is 90% on your investment. You can make a deposit of $200 or above. Any Option is regulated by CySEC and FSB.
StockPair is a truly global binary options broker. They accept traders from all parts of the world. The minimum deposit is just $200. You can make deposits through credit/debit cards. They also support funding through e-wallets such as Skrill, Neteller, etc. They offer trading indicator services and premium accounts. It is an IPSC regulated broking service.
5. IQ Options
IQ Options has been in operations since 2012. The maximum profit potential is 95%. You can deposit as low as $10. You can trade on desktop as well as mobile screens. They do not allow traders from the U.S, Canada, Russia, Australia, Japan, and Israel.