Guide to Binary Options Brokers
Markus Silvester
The Importance of Options Brokers in Binary Trading Online traders who are looking to earn more, will appreciate the importance of having a reliable and an experienced options broker at their side. Choosing the right broker is of crucial importance in binary options. Read as many reviews as possible and ask experienced traders for recommendations,... Read more
The Importance of Options Brokers in Binary Trading Online traders who are looking to earn more, will appreciate the importance of having a reliable and an experienced options broker at their side. Choosing the right broker is of crucial importance in binary options. Read as many reviews as possible and ask experienced traders for recommendations, but at the same time be sure to know what you want from a broker. Always keep in mind that it might not be an easy task to trace out a credible as well as an expert. Read as many reviews as possible and ask experienced traders for recommendations, but at the same time be sure to know what you want from a broker. Always keep in mind that it might not be an easy task to trace out a credible as well as an expert options broker. The top brokers in the market do have to undergo a lot of regulations in order to get their share. After all, the traders need to ensure that their money is in good hands. In addition to this, traders should also prefer to select the broker who has invested their money in the right systems and domains. This process ensures that all of the deals function and are executed in a quick and agile manner. Furthermore, it is always preferable to ask for the services of a broker who has a strong reputation in the market. This process ensures that all of the deals function and are executed in a quick and agile manner. Furthermore, it is always preferable to ask for the services of a broker who has a strong reputation in the market. This process ensures that all of the deals function and are executed in a quick and agile manner. Furthermore, it is always preferable to ask for the services of a broker who has a strong reputation in the market. What to Look for? Apart from ensuring a higher rate of return, most of the experts also value safety. Many brokers do offer more than 100 % of returns, but that is not objective return rate. Serious brokers offer reasonable rates, and not those that sound too good to be true. The best brokers have user-friendly platforms, great customer service and a variety of trading options. Understanding the Terminology While doing you research to find the optimal broker, make sure to know all trading terminology. That is the best way to learn all there is about your potential broker. Terms & Conditions Today most people are used to clicking ‘Accept’ without reading T&C, but in binary options trading that is a big mistake. Terms & Conditions always offer more detailed information than the website and are usually located at the bottom. If some things are still not understandable after reading T&C, better don’t deposit, but contact customer service for additional questions. If trader gets unclear explanation it is better to opt for another broker, preferably one from our If some things are still not understandable after reading T&C, better don’t deposit, but contact customer service for additional questions. If trader gets unclear explanation it is better to opt for another broker, preferably one from our top brokers list, like 24option. Accounts and Bonuses In order to start trading, traders must choose an account type and make a minimum deposit. Account types may vary: some brokers offer five account types (like Boss Capital), other only one or two (like Nadex) and each account requires different deposit amount. Minimal deposit is the minimal amount broker accepts as a deposit when opening an account or adding additional funds to your account. It can range from $10 ( Minimal deposit is the minimal amount broker accepts as a deposit when opening an account or adding additional funds to your account. It can range from $10 ( Minimal deposit is the minimal amount broker accepts as a deposit when opening an account or adding additional funds to your account. It can range from $10 (IQoption) to $10,000 (GOptions VIP Platinum Account). Most of the brokers offer bonuses as well. The bonus is additional amount offered by the broker to motivate the trader. For example, Finpari is a broker that offers unlimited bonuses, depending only on your deposit and ability to make profitable trades. Unfortunately, some scam brokers use the bonus to blackmail the traders when they want to withdraw their money. Although it is completely legal to request a certain turnover before allowing bonus withdrawal, it is not legal to add bonus without trader’s approval. CySEC even took a step further by introducing some additional rules. Although it is completely legal to request a certain turnover before allowing bonus withdrawal, it is not legal to add bonus without trader’s approval. CySEC even took a step further by introducing some additional rules. Unfortunately, some scam brokers use the bonus to blackmail the traders when they want to withdraw their money. Although it is completely legal to request a certain turnover before allowing bonus withdrawal, it is not legal to add bonus without trader’s approval. CySEC even took a step further by introducing some additional rules. More about CySEC’s opinion on bonuses read here. Demo Account Demo account is probably the best way to experience binary options trading. It is a special account type that enables you trading with fictional money in order to learn how place trades and get accustomed to the interface. Traders win no money, and they lose no money. At the beginning of binary options, demo accounts were widely available, but a huge number of accounts that didn’t upgrade into real accounts forced brokers to charge them. Now, only a few brokers like Traders win no money, and they lose no money. At the beginning of binary options, demo accounts were widely available, but a huge number of accounts that didn’t upgrade into real accounts forced brokers to charge them. Now, only a few brokers like Traders win no money, and they lose no money. At the beginning of binary options, demo accounts were widely available, but a huge number of accounts that didn’t upgrade into real accounts forced brokers to charge them. Now, only a few brokers like IQoption offer a free demo, while most of them require minimum deposit or have demo integrated into other account types. We would always recommend using a demo account, no matter if one is experienced or inexperienced trader as it is a unique opportunity to experience trading on a completely new platform. Trading Assets and Trading Options Binary options are simple: you place ‘put’ or ‘call’ depending on your personal estimate and wait for the expiry time. But if we take a closer look, it is easy to see that there are many options within binary options. Traders can choose whether they’ll trade high/low, one touch, ladder, pairs, 60seconds, long term, range options any many more. To learn more about option types read our article about various types of trading options. There are many expiry times to choose from, as well. The expiry time is the time left for the trade to close. Options can be short-term 15 sec, 30 sec, 60 sec, 2 min, 5 min, or long-term end of the day, end of the week, end of the month, 30 days or more. Short-term options are harder to predict. Traders can usually choose between various assets. The most common ones are currencies, stocks, commodities and indices. The number of assets may vary from broker to broker. Keep in mind that the more assets and trading options a broker has the more options trader has to choose from, even though quantity is not always a sign of quality when it comes to brokers. Keep in mind that the more assets and trading options a broker has the more options trader has to choose from, even though quantity is not always a sign of quality when it comes to brokers. Keep in mind that the more assets and trading options a broker has the more options trader has to choose from, even though quantity is not always a sign of quality when it comes to brokers. Most brokers like Banc De Binary offer more than few expiry times and trading options, as well as trading assets in order to make trading more interesting. Unfortunately, we must state that US trading platforms (Nadex, for example) offer fewer expiry times and trading options. Customer Support and Education Every successful binary options trader will tell one thing to inexperienced traders: never underestimate the power of knowledge in binary options. There is no need to pay for expensive courses or colleges, as many good brokers offer educational materials. One of them is OptionFair that offers an entire section full of useful tips. In order to successfully execute the trades, check out our Academy. When everything goes well, customer service is something the average trader doesn’t take into consideration, but when things go downhill it is important to have a good customer service by your side. Customer service nowadays is usually available in many different ways. Depending on the broker, traders can contact them via phone, email, live chat or skype. Before making a deposit definitely proof if the broker offers a way of contacting them that you find comfortable. Sometimes the customer service is available only in English, and sometimes in more languages, so be sure to check if they offer service in your language or language you understand. Customer service nowadays is usually available in many different ways. Depending on the broker, traders can contact them via phone, email, live chat or skype. Before making a deposit definitely proof if the broker offers a way of contacting them that you find comfortable. Sometimes the customer service is available only in English, and sometimes in more languages, so be sure to check if they offer service in your language or language you understand. Sometimes the customer service is available only in English, and sometimes in more languages, so be sure to check if they offer service in your language or language you understand. Sometimes not even the best customer service will be able to solve your problem in record time, but good customer service will always give you all necessary information and support you need. Deposit & Withdrawal There are some banking and trading terms one must understand in order to trade. We already explained minimum deposit, but many people confuse it with minimum investment. The minimum investment is the minimum amount that can be placed in one trade while depositing is adding funds to the account. Withdrawal is a process of taking money from the trading account to banking account. There is usually a limit for minimum and maximum withdrawal. Withdrawal is a process of taking money from the trading account to banking account. There is usually a limit for minimum and maximum withdrawal. There are many ways to deposit and withdraw money: bank wire, credit card, debit card, e-wallets… Brokers usually accept a variety of methods, but it is important to remember that sometimes only the depositing method can be used for withdrawing funds and that some methods like wire transfer usually have additional fees attached. One off the brokers who offers many banking methods is Grand Capital. Most of the brokers require verification of identity after receiving withdrawal request. Although it can be a bit annoying, keep in mind that all respectable brokers require a scan of ID and proof of address in order to protect the funds from money laundering and trader’s funds as well. Withdrawal requests are usually processed really fast but bear in mind that it takes some time for the bank to process it, so it takes 3 to 5 days in average to see the funds on the banking account. When withdrawing the bonus, it is important to know what is the requested turnover. For example, for CherryTrade it is 30x, which means that in order to withdraw it, the trader must reach 30x turnover. If the bonus was $100, the turnover is $3,000. Regulated Brokers Every day there is a new broker on the market. Many of them have great interfaces and promise high return rates, but how to recognize the good from the bad one? Today, most serious brokers are registered with at least one of many regulating bodies. The most popular regulatory body is CySEC as it covers the territory not only of the Republic of Cyprus but the European Union as well. The EU is a great market so it's no wonder that most of the brokers are licensed by CySEC. Every country has it's own regulatory body as well. Regulated brokers are obliged to respect the laws enforced by the country of registration which is a great guarantee in case anything goes wrong, as traders have not only customers service to ask for help, but a state body as well. Some of the CySEC regulated brokers are 24option Banc De Binary Zoomtrader TopOption US traders don't have such great variety of brokers to choose from as they can choose between three trading platforms available in the US. Such restrictions lower the liquidity of American traders and make the trading experience less exciting. They can still try to trade with offshore brokers, but the USA government is doing everything they can in order to prosecute such brokers so there are less and less offshore brokers ready to accept US customers. Learn more about the regulation of binary options brokers here.  Even though regulation is making traders feel safe and comfortable, there have been traders who proved to be a scam even if they were regulated (EZTrader), and who are blacklisted on our website, and at the same time there are unregulated brokers like Finpari who prove that not all unregulated brokers are a scam.

Guide to Binary Options Brokers

By -

The Importance of Options Brokers in Binary Trading

Online traders who are looking to earn more, will appreciate the importance of having a reliable and an experienced options broker at their side. Choosing the right broker is of crucial importance in binary options. Read as many reviews as possible and ask experienced traders for recommendations, but at the same time be sure to know what you want from a broker. Always keep in mind that it might not be an easy task to trace out a credible as well as an expert.

Read as many reviews as possible and ask experienced traders for recommendations, but at the same time be sure to know what you want from a broker. Always keep in mind that it might not be an easy task to trace out a credible as well as an expert options broker.

The top brokers in the market do have to undergo a lot of regulations in order to get their share. After all, the traders need to ensure that their money is in good hands. In addition to this, traders should also prefer to select the broker who has invested their money in the right systems and domains. This process ensures that all of the deals function and are executed in a quick and agile manner. Furthermore, it is always preferable to ask for the services of a broker who has a strong reputation in the market.

This process ensures that all of the deals function and are executed in a quick and agile manner. Furthermore, it is always preferable to ask for the services of a broker who has a strong reputation in the market.

This process ensures that all of the deals function and are executed in a quick and agile manner. Furthermore, it is always preferable to ask for the services of a broker who has a strong reputation in the market.

What to Look for?

Apart from ensuring a higher rate of return, most of the experts also value safety. Many brokers do offer more than 100 % of returns, but that is not objective return rate. Serious brokers offer reasonable rates, and not those that sound too good to be true. The best brokers have user-friendly platforms, great customer service and a variety of trading options.

Understanding the Terminology

While doing you research to find the optimal broker, make sure to know all trading terminology. That is the best way to learn all there is about your potential broker.

Terms & Conditions

Today most people are used to clicking ‘Accept’ without reading T&C, but in binary options trading that is a big mistake. Terms & Conditions always offer more detailed information than the website and are usually located at the bottom. If some things are still not understandable after reading T&C, better don’t deposit, but contact customer service for additional questions. If trader gets unclear explanation it is better to opt for another broker, preferably one from our

If some things are still not understandable after reading T&C, better don’t deposit, but contact customer service for additional questions. If trader gets unclear explanation it is better to opt for another broker, preferably one from our top brokers list, like 24option.

Accounts and Bonuses

BonusIn order to start trading, traders must choose an account type and make a minimum deposit. Account types may vary: some brokers offer five account types (like Boss Capital), other only one or two (like Nadex) and each account requires different deposit amount. Minimal deposit is the minimal amount broker accepts as a deposit when opening an account or adding additional funds to your account. It can range from $10 (

Minimal deposit is the minimal amount broker accepts as a deposit when opening an account or adding additional funds to your account. It can range from $10 (

Minimal deposit is the minimal amount broker accepts as a deposit when opening an account or adding additional funds to your account. It can range from $10 (IQoption) to $10,000 (GOptions VIP Platinum Account).

Most of the brokers offer bonuses as well. The bonus is additional amount offered by the broker to motivate the trader. For example, Finpari is a broker that offers unlimited bonuses, depending only on your deposit and ability to make profitable trades. Unfortunately, some scam brokers use the bonus to blackmail the traders when they want to withdraw their money. Although it is completely legal to request a certain turnover before allowing bonus withdrawal, it is not legal to add bonus without trader’s approval. CySEC even took a step further by introducing some additional rules.

Although it is completely legal to request a certain turnover before allowing bonus withdrawal, it is not legal to add bonus without trader’s approval. CySEC even took a step further by introducing some additional rules.

Unfortunately, some scam brokers use the bonus to blackmail the traders when they want to withdraw their money. Although it is completely legal to request a certain turnover before allowing bonus withdrawal, it is not legal to add bonus without trader’s approval. CySEC even took a step further by introducing some additional rules.

More about CySEC’s opinion on bonuses read here.

Demo Account

Demo account is probably the best way to experience binary options trading. It is a special account type that enables you trading with fictional money in order to learn how place trades and get accustomed to the interface. Traders win no money, and they lose no money. At the beginning of binary options, demo accounts were widely available, but a huge number of accounts that didn’t upgrade into real accounts forced brokers to charge them. Now, only a few brokers like

Traders win no money, and they lose no money. At the beginning of binary options, demo accounts were widely available, but a huge number of accounts that didn’t upgrade into real accounts forced brokers to charge them. Now, only a few brokers like

Traders win no money, and they lose no money. At the beginning of binary options, demo accounts were widely available, but a huge number of accounts that didn’t upgrade into real accounts forced brokers to charge them. Now, only a few brokers like IQoption offer a free demo, while most of them require minimum deposit or have demo integrated into other account types.

We would always recommend using a demo account, no matter if one is experienced or inexperienced trader as it is a unique opportunity to experience trading on a completely new platform.

Trading Assets and Trading Options

Binary options are simple: you place ‘put’ or ‘call’ depending on your personal estimate and wait for the expiry time. But if we take a closer look, it is easy to see that there are many options within binary options.

Traders can choose whether they’ll trade high/low, one touch, ladder, pairs, 60seconds, long term, range options any many more.

To learn more about option types read our article about various types of trading options.

There are many expiry times to choose from, as well. The expiry time is the time left for the trade to close. Options can be short-term

  • 15 sec,
  • 30 sec,
  • 60 sec,
  • 2 min,
  • 5 min,

or long-term

  • end of the day,
  • end of the week,
  • end of the month,
  • 30 days or more.

Short-term options are harder to predict. Traders can usually choose between various assets. The most common ones are currencies, stocks, commodities and indices. The number of assets may vary from broker to broker. Keep in mind that the more assets and trading options a broker has the more options trader has to choose from, even though quantity is not always a sign of quality when it comes to brokers.

Keep in mind that the more assets and trading options a broker has the more options trader has to choose from, even though quantity is not always a sign of quality when it comes to brokers.

Keep in mind that the more assets and trading options a broker has the more options trader has to choose from, even though quantity is not always a sign of quality when it comes to brokers.

Most brokers like Banc De Binary offer more than few expiry times and trading options, as well as trading assets in order to make trading more interesting. Unfortunately, we must state that US trading platforms (Nadex, for example) offer fewer expiry times and trading options.

Customer Support and Education

Every successful binary options trader will tell one thing to inexperienced traders: never underestimate the power of knowledge in binary options. There is no need to pay for expensive courses or colleges, as many good brokers offer educational materials. One of them is OptionFair that offers an entire section full of useful tips.

In order to successfully execute the trades, check out our Academy.

When everything goes well, customer service is something the average trader doesn’t take into consideration, but when things go downhill it is important to have a good customer service by your side. Customer service nowadays is usually available in many different ways. Depending on the broker, traders can contact them via phone, email, live chat or skype.

Before making a deposit definitely proof if the broker offers a way of contacting them that you find comfortable. Sometimes the customer service is available only in English, and sometimes in more languages, so be sure to check if they offer service in your language or language you understand.

Customer service nowadays is usually available in many different ways. Depending on the broker, traders can contact them via phone, email, live chat or skype. Before making a deposit definitely proof if the broker offers a way of contacting them that you find comfortable. Sometimes the customer service is available only in English, and sometimes in more languages, so be sure to check if they offer service in your language or language you understand.

Sometimes the customer service is available only in English, and sometimes in more languages, so be sure to check if they offer service in your language or language you understand.

Sometimes not even the best customer service will be able to solve your problem in record time, but good customer service will always give you all necessary information and support you need.

Deposit & Withdrawal

Strategy3 (1)There are some banking and trading terms one must understand in order to trade. We already explained minimum deposit, but many people confuse it with minimum investment. The minimum investment is the minimum amount that can be placed in one trade while depositing is adding funds to the account.

Withdrawal is a process of taking money from the trading account to banking account. There is usually a limit for minimum and maximum withdrawal.

Withdrawal is a process of taking money from the trading account to banking account. There is usually a limit for minimum and maximum withdrawal.

There are many ways to deposit and withdraw money: bank wire, credit card, debit card, e-wallets… Brokers usually accept a variety of methods, but it is important to remember that sometimes only the depositing method can be used for withdrawing funds and that some methods like wire transfer usually have additional fees attached. One off the brokers who offers many banking methods is Grand Capital.

Most of the brokers require verification of identity after receiving withdrawal request. Although it can be a bit annoying, keep in mind that all respectable brokers require a scan of ID and proof of address in order to protect the funds from money laundering and trader’s funds as well.

Withdrawal requests are usually processed really fast but bear in mind that it takes some time for the bank to process it, so it takes 3 to 5 days in average to see the funds on the banking account.

When withdrawing the bonus, it is important to know what is the requested turnover. For example, for CherryTrade it is 30x, which means that in order to withdraw it, the trader must reach 30x turnover. If the bonus was $100, the turnover is $3,000.

Regulated Brokers

Every day there is a new broker on the market. Many of them have great interfaces and promise high return rates, but how to recognize the good from the bad one? Today, most serious brokers are registered with at least one of many regulating bodies.

The most popular regulatory body is CySEC as it covers the territory not only of the Republic of Cyprus but the European Union as well. The EU is a great market so it’s no wonder that most of the brokers are licensed by CySEC.

Every country has it’s own regulatory body as well. Regulated brokers are obliged to respect the laws enforced by the country of registration which is a great guarantee in case anything goes wrong, as traders have not only customers service to ask for help, but a state body as well. Some of the CySEC regulated brokers are

US traders don’t have such great variety of brokers to choose from as they can choose between three trading platforms available in the US. Such restrictions lower the liquidity of American traders and make the trading experience less exciting.

They can still try to trade with offshore brokers, but the USA government is doing everything they can in order to prosecute such brokers so there are less and less offshore brokers ready to accept US customers.

Learn more about the regulation of binary options brokers here. 

Even though regulation is making traders feel safe and comfortable, there have been traders who proved to be a scam even if they were regulated (EZTrader), and who are blacklisted on our website, and at the same time there are unregulated brokers like Finpari who prove that not all unregulated brokers are a scam.

Iq option banner 2015

Your capital is at risk
FBO Awards