During the last few years, an increasing number of people are getting involved in binary options trading. Similarly, the number of binary options brokers has increased to cater for this growing interest. Currently, it is estimated that there are more than 450 brokers who are providing these services. The high number of brokers available is good for the industry because it necessitates competition and hard work to meet the various needs of traders.
Before channeling your hard-earned money to open an account with any binary options broker, it’s crucial you understand how they operate and whether they are suitable to hold your cash. The choice of a broker can really be the difference between having a successful career or failing to realize your dreams.
Furthermore, we have categorized the various brokers based on their respective regions. This way, you can easily locate a good broker operating in your geographical location and open an account right away.
The best binary options brokers in the industry have certain qualifying traits that set them apart from the rest. These brokers provide a perfect mix of diverse asset base, variety of trading accounts, convenient and secure deposit and withdrawal methods, a reasonable level of financial stability, high rate of profitability, command a high reputation in the industry, and most importantly, backed and operated by a strong and professional team.
There are many other brokers that are also considered to be in the list of the best binary options brokers due to the top-notch services and facilities they offer.
Binary options trading is quite a sensitive industry and a lot of funds are normally at stake. Since the internet is littered with all sorts of binary options brokers, it is important that serious trading of binary options be done only with trusted and highly reputable brokers.
We surveyed various online forums and interviewed various active traders to find out some trusted binary brokers who deliver up to the promise. From the survey and the feedback we got from active traders, we can confidently affirm that some of the trusted brokers in the industry include Finpari, Opteck, Magnum Options, 24option, and IQ Option.
Offering low purchase binary options is also an important feature that distinguishes some brokers from the others.
Another very significant feature you should look into while choosing a binary options broker is to assess whether the broker provides a way of familiarizing with its trading platform before engaging in actual trading. The best way to check this out is to see whether the broker provides a free demo account.
A free demo account means that trading is carried out with virtual money without involving any real money. This way, you can conveniently practice and gain the necessary familiarity with binary options trading risk-free.
There are some very professional and reliable binary options brokers available online. However, not all of them offer trading for USA customers due to regulatory restrictions.
Here are some highly reputable brokerage companies offering online trading services to USA clients with some attractive benefits.
There are good online platforms for binary options trading for Canadians, as well. Our survey revealed that most of such brokers are fully aware of the main requirements of Canadian clients. Canada blocked 37 binary options brokers in March 2016, but there are still number of brokers providing binary options trading for canadian traders.
Here is a list of some of them:
We have also conducted a check regarding binary options brokers offering excellent trading services to Australian clients.
Here is a list of some brokers licensed to operate in Australia:
It is important to choose a binary options trading broker very carefully and with full knowledge and understanding of the outcomes of your decisions.
Here are some key tips you can use when choosing a broker for binary options trading.
It is important you spend the hours and search for a good binary options broker that will provide you with the best conditions for trading. Fortunately, we have done the legwork for you so that you can have an easy time selecting a top-notch broker.
With the above in-depth review, there are great chances that you will choose a superb binary options broker that will be ideally suited for you. And, it will serve as the cornerstone for establishing a successful career in the lucrative binary options market.