Trading might be risky, but losing money or getting scammed might be worse than losing money in trading. So we have broken down the top binary options brokers in the world.
Binary Options is a vast market with large no. of active traders daily trading and making a living out of it.
There are many Binary Options Brokers in the market providing up to 100% profitability but which broker is reliable.?
We have tested a handful of binary options brokers over a period of 2 years and found out the best binary options brokers.
We dig deep into which the broker has the most features for beginners and professional traders.
Top Binary Options Broker.
1. IQ Option – Best User Interface
So far the best Binary Options Broker for beginner and professional traders. Founded in 2013 and present in more than 150 countries with 40 million+ traders registered all across the globe.
IQ Option is a regulated entity of the CySec Financial Security Commission and also the best broker to provide services in the European Region (EEA). It is also registered under Seychelles Financial Services Authority (FSA) to provide services outside of the EEA.
IQ Option has its own trading platform rather than a regular MT4 or MT5 terminal, designed to provide a unique interface and provide a large no. of graphical tools for complete professional trading experience.
Thave a large number of indicators including Bollinger Bands, RSI, Parabolic SAR, Pivot Points, MACD and other indicators to help traders understand and predict the market carefully.
IQ Option is the most awarded trading broker with 15 awards since 2013 including best binary options broker, best trading platform, best mobile trading platform, and more.
There are 400+ assets available to trade on IQ Option platform in Forex, CFDs, Options, ETFs, Crypto, Stocks & Commodities.
Binary Options is banned in the European Economic Area recently by ESMA. IQ Option has introduced new trading asset FX Options, especially for EEA retail traders offer fixed risk trades like Binary Options.
IQ Option provides easy deposit and 1 business day withdrawals with 14 payment methods depending on the country of trader registered.
They have higher profitability on binary options up to 95* on Binary Options which is a lot higher than any brokers in the market and up to 900% profitability on Digital Options.
And coming to leverage or multiplier 1000x on forex pairs, 20x on stock CFDs & ETFs, 100x on cryptocurrency and 150x on commodities.
The minimum amount required to deposit is only $10 and the minimum investment starts with just $1.
Over a period of 2 years, we have never faced any issue with the deposits and withdrawals all the transactions were on time.
But there is room for improvement with their windows platform, even if there is a high-speed connection internet it takes time to connect to the server and sometimes never connects. I had to restart the platform that is the only bit annoying.
Mobile trading app and web app works pretty well.
2. Olymptrade – Southeast Asian Traders
Olymp Trade was registered in 2014 in Saint Vincent and the Grenadines and Regulated by Financial Commission.
As it is not regulated by Cysec, they do not operate their services in the European Union, Australia, United States, Canada, Japan, United Kingdom, Israel, Russia, Iran, and the Philippines.
Olymp Trade is widely popular in South East Asia and a few African countries. India, Vietnam, and Turkey are major players where a large number of traders are registered and large volumes are traded.
OlympTrade.com domain is banned in Indonesia recently if you are looking to register from Indonesia. Register from here.
Olymptrade is the direct competitor to IQ Option, it is dominating in the Asian countries. But compared to IQ Option it has only 80 assets and the multipliers are also low. It has a profitability of up to 85%.
They have recently updated their trading platform and introduced features like Indicators and graphical representation tools.
There are 3 account types available.
- Starter (minimum deposit $10)
- Advanced (minimum deposit $500)
- Expert (minimum deposit $2000)
Assets are available to trade.
Olymptrade has a Web app, Windows and MAC OS & Mobile trading platforms in Android and iOS.
You can start trading with just a $10 deposit and minimum trade value is $1 in all assets.
If you are from Asian countries I recommend you to go with Olymptrade.
3. Binomo – CIS Countries
Binomo is in the market since 2014 it is a major competitor for Olymptrade because IQ Option & Olymptrade both doesn’t accept clients from Russian Federation. Binomo grabbed this advantage.
Binomo is very popular in Russian speaking countries and other CIS countries. It is regulated by the Financial Commission in 2018 and also by the Russian Financial Market Relations Regulation Center, it has a pending certification with CySec.
Binomo is also not regulated by the CySec so it is prohibited to promote its services in European Countries.
It has grabbed pace in the Asian countries after getting regulated from the Financial Commission in 2018.
Binomo provides 3 different account types.
Profitability increases to 87% in VIP Account and a dedicated manager, financial advisor and many other features are included for VIP Clients.
Total no. of assets in Binomo are less than 100 inclusive of stocks, CFDs, Crypto & Forex.