Best Choice For Beginners!
Free Trading Education!
Free Demo Account!
Big Sign-up Bonus!
Perfect For Experienced Traders!
Binary Options Brokers and Platforms – Reviews and Comparison
We have compared the best regulated binary options brokers and platforms in April 2020 and created this top list. Every broker and platform has been personally reviewed by us to help you find the best binary options platform for both beginners and experts. The sortable broker comparison list below shows which binary trading sites came out on top based on different criteria.
You can sort the list using payout (maximum returns), minimum deposit, bonus offers or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. Below the comparison list is some advice on how to pick the best trading platform for you, as this will often come down to your personal requirements and needs.
Top Brokers in Russia
|Spectre||$10 (ETH)||Up to 200%*||» Visit|
|OptionField||$5||93%||Pro Account Discount and 10% Cashback||» Visit|
|Nadex Exchange||$250||100%||» Visit|
|RaceOption||$250||90%||100% Deposit match bonus||» Visit|
How to Compare Brokers and Platforms
In order to trade binary options, you need to engage the services of a binary options broker that accepts clients from Russia. Here at binaryoptions.net we have provided a list with all the best comparison factors that will help you select which trading broker to open an account with. We have also looked at our most popular or frequently asked questions, and have noted that these are important factors when traders are comparing different brokers:
- What is the Minimum Deposit? (These range from $5 or $10 up to $250)
- Are they regulated or licensed, and with which regulator?
- Can I open a Demo Account?
- Is there a signals service, and is it free?
- Can I trade on my mobile phone and is there a mobile app?
- Is there a Bonus available for new trader accounts? What are the Terms and
- Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
- Which broker has the best asset lists? Do they offer forex, cryptocurrency, commodities, indices and stocks – and how many of each?
- Which broker has the largest range of expiry times (30 seconds, 60 seconds, end of day, long term etc?)
- How much is the minimum trade size or amount?
- What types of options are available? (Touch, Ladder, Boundary, Pairs etc)
- Additional Tools – Like Early closure or Metatrader 4 (Mt4) plugin or integration
- Do they operate a Robot or offer automated trading software?
- What is the Customer Support like? Do they offer telephone, email and live chat support – and in which countries? Do they list direct contact details?
- Who has the best payouts or maximum returns? Check the markets you will trade.
We cover as many of these comparison factors as possible in our list above, but we go into much more depth within each review.
Regulated Binary Brokers
Regulation and licensing is a key factor when judging the best broker. Unregulated brokers are not always scams, or untrustworthy, but it does mean a trader must do more ‘due diligence’ before trading with them. A regulated broker is the safest option.
|Binary.com||Malta GA||BO, CFD|
|IQ Option||CySEC||BO, CFD, Crypto, Forex|
|BDSwiss||CySec||BO, CFD, Crypto, Forex|
|24Option||CySEC||BO, CFD, Crypto, Forex|
|Nadex Exchange||CFTC||BO, Forex|
Leading regulatory bodies include:
- CySec – The Cyprus Securities and Exchange Commission (Cyprus and the EU)
- FCA – Financial Conduct Authority (UK)
- CFTC – Commodity Futures Trading Commission (US)
- FSB – Financial Services Board (South Africa)
- ASIC – Australia Securities and Investment Commission
There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organisation. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, premier brands will have regulation of some sort.
Regulation is there to protect traders, to ensure their money is correctly held and to give them a path to take in the event of a dispute. It should therefore be an important consideration when choosing a trading partner.
Both sign up bonuses and demo accounts are used to attract new clients. Bonuses are often a deposit match, a one-off payment or risk free trade . Whatever the form of bonus, there are terms and conditions that need to be read.
It is worth taking the time to understand those terms before signing up or clicking accept on a bonus offer. If the terms are not to your liking then the bonus loses any attraction and that broker may not be the best choice. Some bonus terms tie in your initial deposit too. It is worth reading T&Cs before agreeing to any bonus, and worth noting that many brokers will give you the option to ‘opt out’ of taking a bonus.
Best Choice For Beginners!
Free Trading Education!
Free Demo Account!
Big Sign-up Bonus!
Perfect For Experienced Traders!
Using a bonus effectively is harder than it sounds. If considering taking up one of these offers, think about whether, and how, it might affect your trading. One common issue is that turnover requirements within the terms, often cause traders to ‘over trade’. If the bonus does not suit you, turn it down.
Binary options demo accounts are the best way to try both binary options trading, and specific brokers’ software and platforms – without needing to risk any money.
You can get demo accounts at more than one broker, try them out and only deposit real money at the one you find best. It can also be useful to have accounts at more than one broker. For example, payouts for two different assets might be best at different brokers. You can shop around, and use whichever account has the best payout for that asset.
Demo accounts offer the best way to try out a brand, risk free. Likewise if we recommend a brand, you can try it first, before risking anything.
Low Minimum Deposits
If you are looking to get involved with binary options for the first time, low minimum deposit requirements may be of interest. For traders just looking to try binary options, a low minimum deposit broker might be best. A small initial deposit keeps risks low. Minimum deposits start at just $5 and there are a growing number of brokers offering low minimum deposits – “low” would be any minimum under $50.
Likewise, all brokers will have a minimum trade requirement or trade amount too. These can vary greatly between platforms. Minimum trade figures range from $1 to $25 – which is a large difference if a trader plans to trade frequently. For some traders, this might be less of a factor in terms of finding the best broker for them, but for others it will be very important. Practice accounts are a zero risk way of learning to trade.
One element many traders use to find the best binary options trading account, is the payout percentage on offer. This is not always a simple comparison however. Payouts will change based on the underlying asset being traded, and the expiry time of the option. In addition, payouts will change as the broker manages their own risk. So if one broker was originally the best price, things may then revert and mean that another now has the top payout.
So the most an investor can do, is to check the payouts for assets, and expiry times they are most likely to make, and judge which brand offers the best terms most often. Demo accounts are good when researching payouts on specific assets and trades.
Exchange traded and over the counter brokers will have different payouts – and they will not be easy to compare. In general, exchange traded options offer superior value. Nadex are one example of an exchange.
So as you can see, finding the best trading account and broker is not always easy – but it is worth noting that you are free to move between brokers whenever you like. So even if an account turns out to be poor, it is easy to up sticks and find a new trading firm. Likewise, a trader could have multiple accounts, and open trades at the broker with the best terms for that particular trade.
Which is the Best Binary Trading Platform?
Naming the best trading platform is not easy, simply because trading platforms and proprietary (bespoke) software are normally a question of personal taste. One user might like a simple layout, while others might need a lot of data on screen all the time.
However, platforms do have different levels of quality, both in terms of ease of use, and features. Broadly speaking, brands which offer Contracts for Difference (CFDs) in addition to binary options, deliver a more feature-rich trading platform or advanced software.
So the likes of Nadex and IQ, will deliver a very professional trading platform. MetaTrader integration is also normally provided at the more professional brokers (Some use both mt4 and mt5 functionality) . This difference in quality is evidence of the maturity of binary options as a product, but binary brands will catch up very quickly.
Intro To The IQ Option Platform
How do Brokers Make Money?
Binary options brokers make money via one of two business models:
- As a counter-party, ensuring an ‘over round’ via payout percentages. Known as ‘Over the counter’ (OTC)
- Via a spread or commission on an exchange traded model
People who have experience of other forms of trading, and are now approaching over-the-counter (OTC) brokers for the first time may find themselves asking the question: “Where is the commission?”.
With OTC binaries however, there is no commission. In theory, the term ‘brokers’, is not correct. Binary firms are not arranging a deal or acting as a middleman, or as a market maker; What they are, is the counter-party to each of their customers’ positions. So there is no fee or commission for the trade. Instead, each customer is essentially betting against the house. Where brokers have both sides of a trade covered, they have a handsome margin. Where they do not, the payout still gives them a level of protection. In certain circumstances, the broker will also hedge it’s own position to mitigate risk.
Those companies (Nadex, for instance) that trade binary options via an exchange operate much more like a ‘broker’. Unlike the OTC market where the platform is the counter party, with exchange traded options, the broker is the middleman – matching buyers with sellers and charging a commission. This charge is normally hidden within the spread, rather than an explicit cost. There is far less risk involved for the broker, and therefore generally better returns per trade for the trader. Brokers can be actively compared using the spread – the tighter the spread (difference between buy and sell prices) the cheaper it is to trade.
Brokers using the spread model often also offer leverage, or trading on ‘margin’ via their software. This increases the trade size for the trader – and profit for the platform.
Should You Use Multiple Brokers?
There are some very good arguments for having more than one binary trading account:
- Brokers suit certain trades. Different brokers will suit different trading styles, or trade types. So one broker might be excellent for shorter term trade types, and have great payouts on forex pairs. But that same brand may be slightly less good when it comes to offering boundary trades or indices payouts. If a rival had a full set of long term expiries with great payouts, and lots of choice of boundary trades – it makes sense to have accounts with both platforms, and place trades with the broker that offered the best deal for each trade.
- Demo accounts. Multiple demo accounts makes perfect sense – you want to try as many brokers and trading platforms as possible before deciding where to trade.
- Reduce risk. Accounts at more than one broker protects you from any issues with a particular firm. From issues as serious as insolvency, to smaller things, like website downtime, software issues or a market being closed – multiple accounts reduces your risk of being affected by any hardship a broker might face.
- Multiple offers. Each sign up can mean a new bonus, so it might be worthwhile taking up more than one account to receive all the offers. As ever, read the terms – and also note that on occasion, larger deposits might mean larger bonuses – so splitting them may not be the best choice.
- Spread winnings. Some brokers may look for winning traders on their books, with a view to restricting their trading, perhaps limiting trade size – or worse. While this threat is thankfully small, multiple accounts means spreading the winnings out. Most brokers will search for “winners” based on total profit rather than strike rate, so hiding the volume across broker accounts can help you stay below their radar.
Exchange versus OTC (Over the Counter) Brokers
A broker that offers an exchange is much closer to a traditional ‘broker’ than OTC brokers. An exchange performs the job of ‘middleman’. They will match a seller of an asset, with a buyer of the same asset, and charge a commission for putting the deal together. The market itself will decide the prices – if there are more sellers than buyers, the price will drift down until demand rises. If there are more buyers than those willing to sell, the option price will rise.
A broker operating an exchange does not mind who wins and who loses. They take no risk on the trade themselves (unless the traders are trading on credit). The broker will make their commission on the trade regardless of the outcome.
Due to this reduced risk for the broker, the returns for a winning trader are generally larger. Commissions are usually small relative to the size of the trade, meaning they do not impact the payout too much. Other benefits include the fact that stop losses can be applied, and also that trades can be closed at any time (to take a profit or reduce losses).
The complications with exchanges, comes from the structure. An exchange traded binary option will “trade” somewhere between 0 and 100. Where 0 is the figure used where an event did not occur, and 100 where it did. If the current price is currently 30, a ‘buyer’ would risk 30 times his trade size, to potentially win 70. A ‘seller’ therefore, would risk 70 to win 30. While not a complicated equation, it is slightly more complex than the straight forward over the counter option.
OTC (Over The Counter) Brokers
The most common type is the Over the counter (OTC) broker, but this type of firm is not really a ‘broker’ at all strictly speaking. They are the counter-party to one side of the trade. So where a trader opens a position, the broker will win or lose money, based on whether the trade wins or loses. Only where the broker has another trader who has made the exact opposite trade, will they have assured profits.
Due to this increased risk, the brokers will offer a lower payout which mitigates some of the risk they are taking. It is therefore likely to be lower than an exchange traded broker. Some firms will also have built in ‘hedging’ mechanisms to reduce risk further. In some cases, one side of trade might be made unavailable if liabilities get too large.
The simplicity of binary options is retained with OTC brokers. They have also made great strides in competing with exchanges by offering ‘cash out’ values for options, allowing traders to close positions early, and set up stop losses. Once those features become common the gap between OTC and exchanges will get smaller. For now, traders are better off trading on an exchange – but might be advised to learn the differences via demo account.
Have you had a problem with your broker? Submit a complaint
Deposit and withdrawal options do vary at each brokerage. Each of our reviews will explain which each firm offer, but below is a list of the most common options.
If you are looking for brokers that support a specific payment method:
- Wire Transfer
- Credit cards / Debit cards
All of the factors covered above will ultimately affect the way a trader plays the market, and therefore, their profitability. The ideal situation is to get a binary broker that offers:
- Several financial assets spread across several markets
- Offers a reasonable bonus with a good payout approaching 90%
- Offers flexible expiration dates without boxing traders into very long expirations.
Trading using a broker’s platform will only be enjoyable, and profitable, if you are using a reputable operator. You also need to choose one that suits your trading style best – only you will know what that is. Read the above binary broker reviews carefully before making that crucial trading decision, but remember you are not tied in to any single broker, and can pick and choose.
|Min. Deposit||5 $|
|Trading Assets||Currencies (Forex), Indices, Stocks, Commodities|
|Option Types||High/Low Options, One Touch Options, Range Options, 60 Second Options, Short Term Options|
|Credit Card, Wire transfer, Skrill, Neteller|
|Accept US traders|
TABLE OF CONTENTS:
Ayrex is indisputably one of the brokers you would prefer to trade options with. If you want to witness one of the best offers to binary options traders, then you will certainly find our review useful. Let’s begin!
Ayrex What do we know about the company?
To start off, Ayrex is an advanced global BO trading broker. It was established and operated by Advanced Binary Technologies Ltd. The main office of this broker is located in St.Kitts and Nevis. Even though this broker is relatively new (the company was established in 2020), it can a huge arsenal of opportunities to offer.
At this broker, you can really handy and interesting textual explanations on the theory of trading binary options, how do BO actually work etc. This means that this broker cares about novices and it is eager to support them in their learning aspirations. On their website a newbie trader can find some tips to get a grasp on binary options and the way to trade them successfully. In turn, glossary can provide you with all the BO terminology. Unfortunately, Ayrex broker does not accept clients from the US.
As for the bonuses, this broker offers up to 30% bonus on the funds deposited in a trading account
It is important to say, that Ayrex offers free demo account.
Ayrex Trading accounts
Ayrex can offer different types of accounts, with an exclusive one. A standard account at Ayrex is featured by the minimum deposit of 5 USD or 5 EUR, while the maximum deposit is 10,000 USD or EUR respectively.
But what is interesting, Ayrex offers so called Islamic account where those people who follow Shariah laws can trade free of interest rates, rollovers, surcharges or hidden fees. It offers the same features that standard account users have. In addition, the special trading platform named “halal” is developed particularly for this account.
What is really nice about Ayrex is that they have developed a Return Policy, in which any client has a right to demand either full or partial funds return from Ayrex. This request is reviewed by the accounting team and it takes 10 business days to be processed.
Ayrex trading conditions
At this broker you are offered different types of trading conditions. They are the following:
● The High-Low options
Basic binary options. A trader is able to profit from price rising or falling in the market.
Those ones are actually based on High/Low, but with lower expiry times.
In touch options, the trader predicts whether an asset’s price reaches the target price, that is set prior to making an investment.
● No touch options
This resembles touch options, but with one distinction. A trader predicts that the asset’s price will not reach the target price.
Ayrex Trading platform
Ayrex broker has developed a proprietary trading platform featuring top-notch technology. You can enjoy the user-friendly interface and design that make trading process even more pleasant. Simplicity is the best word to describe this platform, but this makes it only better. Complicated platforms confuse new traders. Fortunately, Ayrex has no such problem.
Moreover, Ayrex trading platform charting tool encompasses most of the popular technical analysis tools that assist traders in making their decision faster.
Ayrex Deposits and withdrawals
Well, deposits to trading accounts can be performed using credit cards, wire transfers, Skrill, Neteller, FasaPay, UnionPay and other online payment programs. What’s more, there is no charge or any commission on any amount deposited. This makes Ayrex even more attractive.
As for the withdrawals, they are made using the same methods as the deposit. The minimum withdrawal is evaluated $5. Additionally, an options trader can make one free withdrawal within a calendar month. However, each consecutive withdrawal is charged with a commission based on the processing fees and conditions of the payment system utilized for each withdrawal.
Ayrex Customer Support
Ayrex offers excellent customer support. It is provided 24/5. This broker promises to respond to all calls or written queries almost instantaneously. And we verified that by writing an email message, the response came to us within just a few minutes.
Ayrex website supports 5 different languages, most popular ones. The language variety is a good feature.
As for the means of communication, Ayrex customer support can be reached via email, phone and a live chat available on working hours.
Ayrex Opening an Account
Account application is not sophisticated at all. You can complete it just within some minutes to start trading options. It requires just a little information to provide.
We intend to ensure you that Ayrex broker is a proficient and trustworthy broker.
Ayrex Review – is ayrex.com scam or good binary options broker?
Trading Accounts and Conditions
|Trading account||Min. deposit||Min./Max. bet size||Payout|
Ayrex is a quite popular binary options broker. Its clients are offered ne basic type of live trading account, as well as demo and Islamic one. While the trading conditions appear rather good, the broker is not a legitimate one, and this is our main concern with it. Yet, Ayrex deserves a decent review, as they have solid experience in the financial market. Also, we should show some leniency, as binary options brokers have very limited options to operate legally nowadays.
More than 5 years of experience
Ayrex is a binary options provider established back in 2020, and has built itself a rather solid reputation. This adds some reliability to the broker, despite the fact that they aren’t licensed. Besides, Ayrex as in the process of receiving license from the Cyprus Securities and Exchange Commission (CySEC) before ESMA banned binary options trades altogether in 2020.
Attractive payouts, good selection of assets
We also should mention that Ayrex offers attractive payouts reaching 85% on high/low trades. Another thing we like about this broker is their diversified product portfolio, consisting of forex, stocks, equity indices, commodities, and Bitcoin. This is a solid selection of tradeable assets, and clients of the broker are offered trading in Short term options and One Touch, with expiry times ranging from 30 seconds to 1 hour.
Platform not bad, demo available
Ayrex uses a web-based proprietary trading platform which is simple and functional, and mobile apps are also available. The broker brags about an execution of 0.028 sec, which sounds great, and besides, the platform is not devoid of analytics – there are moving averages, support and resistance lines, and Bollinger bands.
More importantly, Ayrex is one of the few binary options brokers that offers free testing service, so those who are willing, can practice their trading before investing any real money. Here is a screenshot:
An additional benefit of Ayrex is that the broker claims that each client has the right to request full or partial funds return, according to their Refund Policy.
Ayrex is owned and operated by offshore company Advanced Binary Technologies Ltd registered in St. Kitts and Nevis. The financial authorities on this islands – the Financial Services Regulatory Commission (FSRC) – regulate exclusively the banking sector and don’t bother with the forex and binary options brokers registered on the island.
Here we should note that investing with unregulated brokers is associated with significant risk of losing your money to scammers. Unregulated brokers are not accountable of how they handle your money and quite often traders, dealing with such brokers, have problems withdrawing their funds.
As most of you probably know, binary options trading is either prohibited or restricted in most jurisdictions, so we must take this in mind when commenting on any provider of this type of trading.
For example, binary trading in the USA is allowed only on a regulated exchange. In Europe, this type of trading was prohibited across the EU in 2020, and ESMA keeps renewing the temporary ban ever since. Lately, most national financial authorities of EU Member States mirror ESMA’s product intervention measures and make them permanent on a national level.
No long-term options
As was mentioned above, Ayrex offers trading in options that are mostly short term (30 seconds – 5 min) – or at least those we saw on the demo platform. Most traders will do better if they start out with longer term options which last a few hours or even days, and then work their way up to 30/60 seconds.
Mixed user reviews
While we mentioned that Ayrex appears reliable and has built itself a good reputation, it should be note that the user reviews of the broker across the web are a mixed bag, and many of them say that there was some sort of price manipulation on the platform.
Ayrex is an offshore binary options broker whose offer and platform are not bad. Yet, it is not regulated, and therefore we cannot recommend it.
After ESMA banned binary options altogether (as of July 2, 2020), there have remained no reliable regulators in this sector. Previously, most regulated binary options brokers were holding licenses from the Cyprus Securities and Exchange Commission (CySEC). That is why we suggest that investors turn their attention to forex and CFD brokers, whose offering is similar.
Here are, finally, the highlights of our review on Ayrex:
More than 5 years of experience
Attractive payouts, good selection of assets
No long-term options
Platform not bad, demo available
Mixed user reviews
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
Best Binary Options Brokers 2020: