Below you will find a comparison between the best binary options brokers, hand-picked by us after a long process of investigations and user feedback analysis. All brokers in our list are regulated and have excellent reputation within the binary industry.
Before we go into the brokers comparison, we’ve put together a guide to the most important factors you need to consider before you choose a binary broker:
Is the broker regulated?
Check if the broker is regulated by a recognized financial authority such as CySEC (Cyprus Securities and Exchange Commission), FSA (British Financial Conduct Authority), ASIC Australian regulation and the FSPR (New Zealand).
Regulated brokers are always more trustworthy than non-regulated, and can be dependent upon for financial stability and fair conduct.
Is the trading platform user friendly?
Look at the broker’s trading platform, preferably by using a demo account. Confirm that you like the platform’s interface. Many brokers have a PC web based or a mobile app platform. If you believe you’ll want to use both, be sure to check them.
How is client service?
Try asking the broker a question and see what is the response time, as well as what kind of attitude did you receive. Also note whether the service representative sounded knowledgeable enough.
Is the selection of assets broad enough?
Today many brokers offer commodities and indices options in addition to the usual currency pairs. A broad selection of assets gives you flexibility and more trading opportunities. It also gives you better results when you use a signal service utilizing a wide selection of assets.
How much is the average payout?
The Payout is the profit you get when a binary option expires while you were correct in your prediction. Brokers set their own payout for each individual available asset. A payout which is considered good for most short term binary option contracts (put/call) is 70% - 85%. Some brokerage may pay as low as 60%. A higher payout from a broker would ultimately mean it will be easier for you to succeed.
Ease of profit withdrawal
Some brokerages are infamous for delaying profit withdrawals. We are frequently receiving complaints regarding broker withdrawal hurdles. In case any complaints pertain to a recommended broker, we immediately remove that broker from the comparison table below.
Here is a comparison between our most recommended brokers:
|Name||Logo||Bonus||Min Deposit||Payout (%)||Review|
|Banc De Binary||$8,000||$250||83%||Review|