Binary Options Brokers Reviews

How to Choose a Binary Options Broker ?

There is a number of people worldwide carrying out binary options trading today using online accounts provided by their brokers. Not all brokers offer feature rich trading accounts that enable you to track and respond to market movements quickly. This is an important factor to consider as it can affect your trading success significantly.

Top 10 Binary Options Brokers

Broker Info Bonus US Traders Open Account
OptionFair Assets:
Payout: Up To 85%
Demo Account: No
Min Deposit: 100$
First deposit bonus of 20% up to $ 1500 Visit Broker Read Review

Here are some points to note about choosing a binary options broker.

Research your Options

There are a good number of choices today when it comes to binary options trading brokers and you need to do your research to find one matching your requirements. Different brokers do have different trading platforms, which mean that what you can or cannot do using your account varies from broker to broker. While basic functionalities remain the same, some of the add- on features may be helpful to you in determining lucrative trades, assessing the market or tracking your trades. Compare brokers and their offerings well and make your decision after due thought. You can have two brokers if both offer excellent trading functionalities but dealing with one is easier and more practical.

Rate of Payout

The rate of payout offered by the broker directly impacts your profitability. In general, the market is highly competitive and brokers try to offer the best possible deal in terms of payout so that more investors will use their services. However, it is still important for you to see if your broker is indeed giving you the best payouts possible. Carry out this comparison for the different asset classes that you want to trade binaries on. There are a good number of brokers who offer rebates on losing trades. This is an attractive feature in a broker because it limits your losses while allowing you to maximize profits.

Bonus Payments

Most reputed brokers also pay bonuses to investors who meet a certain threshold trading/ deposit amount. In general, a bonus may be credited to your account once you trade 40 times your deposit. Ensure that your broker gives you bonuses that are on par with what others are offering in the market.

Reliability and Repute

Teaming up with a reputed and reliable broker is in your best interests as you are assured of timely payouts and bonuses with him. A reputed broker will also ensure that the market data he offers is accurate and that it reflects the latest trends so that you can make the right trading decisions.

Another key point to remember when choosing your binary options trading broker is that he should offer data and functionalities that you can actually use. Avoid being attracted to bells and whistles that may not give you any perceptible value. For example, a listing of 1000 asset classes and their day to day price movements is not much use to you if the ones you are interested in are not part of the list. List out the functionalities and the benefits you need and see how various brokers compare with this list to find the one that matches your requirements perfectly.