Binary BrokerZ Review

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

IQ Option: Top Binary Options Broker

Ever since the US Securities and Exchange Commission approved binary options in 2008, numerous traders have been interested in expanding their investments and exploring binary options trading. And s ince there’s an expanding list of available brokers today, it’s challenging to narrow down your choices to find the one that suits your preferences. With that, we’ve gathered the popular brokers to help you jumpstart your search.

To help you, we provide the lowdown on the top 15 popular binary options brokers of 2020 that you can consider for trading. Hopefully, the list will let you find the best broker for your investment needs and expectations, and start successfully trading on your own.

Binary options trading may have gotten a bad rap because of its all-or-nothing premise, but the high payouts keep traders coming back for more. This is why binary options markets remain strong in various regions around the world, particularly in Asia.

To avoid fraud in binary options trading, choose a trustworthy broker. These brokers can help minimize your losses and provide a measure of security for your funds. Some traders turn to smart contract-based binary options transactions to fortify their deals using blockchain technology.

Each broker also offers different options in terms of minimum deposit, maximum returns, and supported assets. Some brokers even allow traders to use cryptocurrency to fund their accounts or get payouts. The benefits of blockchain and the advantages that global fintech trends exert significant influence on the binary options trade.

To match you with the best binary options broker for your needs, we’ll take you on a tour of the top binary options brokers today. Our analysis of each broker lays out the most important features, including deposits, returns, bonuses, and supported platforms. This way, you can make an informed decision and get the best protection for your funds.

Top 15 Binary Options Brokers

1. IQ Option

IQ Option was established in 2020 and had since then received favorable reviews on the internet. It uses in-house software for trading. The maximum returns are 95%. However, traders in the USA, Australia, Canada, Russia, Belgium, Japan, Turkey, Israel, Iran, Sudan, and Syria are not accepted. IQOption Europe Ltd. is well-known for reliable broker services, as it is regulated by the CySEC.

It provides a wide array of web-based and mobile features that help make binary trading transparent, reliable, and more efficient. For instance, it offers a speed trading service with up to 5-minute increments and hourly binary options in 15-minute increments. It also offers trading expiration periods of up to a month. Moreover, its Digital Options service allows users to trade gold in over 500 assets.

IQ Option

Try out IQ Option with their free trial

This popular binary options tool offers a free demo account to help you get started. The minimum deposit is just $10 for the Real Account. And for the premium VIP account, the minimum deposit is $3,000. Customer support is currently offered via email, phone, and live chat. Finally, this broker offers multiple convenient deposit and withdrawal methods to help you trade easily.

IQ Option Key Features

  • Minimum deposit: $10
  • Minimum trade size: $1
  • Maximum returns: 95%
  • Supported trading platform: proprietary web, Android, iPhone

Detailed IQ Option Review

2. 365Trading

365Trading is registered with the CySEC and based in Cyprus. It was founded in 2020 and has since traded in the EU without issues. It primarily trades in binary options. As of this writing, US traders are not accepted.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

The minimum deposit is at $100, with profits and bonuses reaching 85% and 100%, respectively. You can open a demo without deposit and try their long- and short-term expiries.

The platform, an in-house system, is robust and ideal for veteran traders. It features charts, lines, and candlesticks and provides historical analysis, functioning as a business analytics tool. The platform allows you to set up three assets with quick access shortcuts. Likewise, you can trade four assets simultaneously featuring a main window and three sub-windows.

Support is available via email and phone.

Detailed 365Trading Review

365Trading Key Features

  • Minimum deposit: $100
  • Maximum returns: 85%
  • Bonuses: up to 100%
  • Supported trading platform: proprietary, web, Android and iPhone

3. Ayrex

Ayrex is based in the UK and has a pending application with CySEC. It trades in 70 assets and is focused on binary options. As of today, US traders are not accepted.

The minimum deposit is $25, one of the lowest, while the bonus is up to 10%, 20% and 30%, based on the amount of your deposit for Ayrex account holders.

The broker uses a proprietary trading platform featuring instant withdrawals, which is unique in the niche. The interface is neat and lets you quickly jump to different trades. It’s ideal for short-term trading. High/Low options are also available.

Support includes 24/7 live chat and via email. Likewise, the system is accessible from Android and iPhone apps.

Detailed Ayrex Review

Ayrex Key Features

  • Minimum deposit: $25
  • Minimum trade size – $5
  • Maximum returns: up to 85-90%
  • Bonuses: $30 no-deposit new account, up to 30% on the trade
  • Supported trading platform: proprietary, web, Android and iPhone

4. OptionFair

OptionFair was founded in 2020 and is based in Cyprus. It is regulated by the CySEC and is also listed on the London Stock Exchange, a first among binary options brokers. US traders are not accepted. The broker trades in forex, CFDs, and binary options on 118 underlying assets.

The minimum deposit is $100, with returns up to 100%. However, there are no indicated bonuses, but you can always contact support for possible terms. The expiry time is shorter than average but makes for quick returns over short-term trading.

The broker uses its own platform that allows you to shift trading from forex to binary and to CFDs, from a single interface. It gives you access to myriad assets and instruments and a wide range of expiries. You can, in fact, trade simultaneously on forex and binaries. Mobile apps for Android and iPhone are available.

There is phone support in five international numbers, including English, Spanish, Italian, and French. Email and live chat support are likewise provided.

Detailed OptionFair Review

OptionFair Key Features

  • Minimum deposit: $100
  • Maximum returns: 100%
  • Bonuses: none
  • Supported trading platform: proprietary, web, Android and iPhone

5. BinaryTilt

BinaryTilt is an unregulated broker with headquarters in London, England, but is wholly owned by Cyprus-based Depix Holdings. Although it isn’t overseen, the broker seems to have a clean record with rare warnings from authorities. US traders are not accepted. It trades in stocks, indices, forex, and commodities across 150 underlying assets.

The minimum deposit is $250, with profits of up to 85%. Likewise, bonuses can reach 100%. Trading styles include high/low, one-touch, range, and on-demand. The stocks are also mainly US or EU-based companies.

The trading platform is SpotOption, a standard but increasingly old school tool compared to newer platforms today. The UI is familiar, and the elements are organized, good enough for first-timers to kickstart their trading without a hassle. Support is via chat, while Android and iPhone apps are available.

Detailed BinaryTILT Review

BinaryTilt Key Features

  • Minimum deposit: $250
  • Maximum returns: 85%
  • Bonuses: up to 100%
  • Supported trading platform: SpotOption, web-based, Android and iPhone

6. GTOptions

GTOptions is another Cyprus-based binary options broker. It uses the SpotOption trading platform, which is one of the most dependable web-based solutions in the market today. Its interface is smart and easy to use, with color-coded buttons and tabs arranged per type of trade offerings and asset offerings to be traded.

This binary options platform also offers several intuitive tools to help traders achieve better outcomes. For instance, it has a risk management feature that allows traders to cash in on their live trades before contract expirations. Likewise, it has a binary meta mode that supports high-level trading, specifically designed for professional traders.

Finally, the vendor offers 24/7 customer support and provides an extensive library for education and reference purposes.

Detailed GTOptions Review

GTOptions Key Features

  • Minimum deposit: $250
  • Maximum returns: 81%
  • Bonuses: Below $1000 50% bonus, above $1,000 100% bonus
  • Supported trading platform: proprietary, web, Android, and iPhone

7. OneTwoTrade

OneTwoTrade uses the popular web-based SpotOption trading architecture. The company provides the latest technological advancements for the benefit of its clients. OneTwoTrade has won an award for providing an efficient and safe trading platform that is relatively easy to use.

This fully-licensed binary options brokerage firm is headquartered in London. It is also highly regulated by government agencies, such as the Malta Gaming Authority. Moreover, OneTwoTrade is rigidly tested to ensure precision, stability, and quality.

OneTwoTrade offers two trading accounts; one is free, while the other is paid. The latter, called Privilege Plus, offers more benefits to users, including comprehensive market analysis, special promotions, and anytime access to senior account managers. Privilege Plus members also get either an iPhone or iPad that’s equipped with a special mobile trading app.

Detailed OneTwoTrade Review

OneTwoTrade Key Features

  • Minimum deposit: $200
  • Maximum returns: 65% to 85%
  • Bonuses: not specified.
  • Supported trading platform: proprietary, web, Android and iPhone

8. 99Binary

99Binary operates from Anguilla, a British overseas territory in the Caribbean. Started operations in 2020, this binary options trading company serves clients in the US and worldwide. It has a well-designed, comprehensive online portal that offers numerous features, tools, and trading information.

This HTML-based binary trading solution offers users the convenience of a clean, clutter-free dashboard design. Users will appreciate how the site presents data on the latest success trades of other users, which can be easily copied for later use.

Another notable feature of 99Binary is its trading turnover requirement. To cash out bonuses, customers must achieve a particular turnover quota, which goes down for every tier. This is an effective motivation for traders who love bonuses.

Detailed 99Binary Review

99Binary Key Features

  • Minimum deposit: $250
  • Maximum returns: up to 86% on Standard & 60-Seconds, and up to 350% on One Touch
  • Bonuses: To cash out bonuses, Starter level users must reach 30x turnover. For Premium users, 20x turnover is required.
  • Supported trading platform: proprietary, web, Android and iPhone

9. Binary.com

UK-based Binary.com is a licensed broker regulated in the British Isles, Malta, Ireland, and the UK. However, US, Canada, Japan, Hong Kong, and Costa Rica traders are not accepted. It is one of the more transparent companies in the industry that declares its owning company and market operations. Formerly the BetonMarkets, Binary.com blends gambling and trading but with transparency. It offers CFDs, FX margin, and crypto trading via MT5.

You can start the trading time aside from the expiry date, and the investment amount is based on the payout you set. The minimum deposit is $10, and for e-wallets, it’s even lower, at $5.

Bonuses are not standard; rather, they consist of two types–the Deposit Bonus and Free Bonus. Likewise, percentages are not specified, but you are required to have as much as 25 turnovers to avail yourself of a withdrawal. There’s also a 1.5% payout commission.

The broker supports various trading platforms, such as Binary Webtrader, Binary Bot, and Binary Next-Gen. Furthermore, it can personalize client trading needs all under one roof.

Th e platform is intuitive to the first-time trader and robust for the veteran. It features a lot of visual tools like charts and technical indicators, and the tutorials on binary options are comprehensive. Likewise, it supports 12 languages and provides a virtual money account. Mobile apps are available, with a mobile payment system.

Binary.com Key Features

  • Minimum deposit: $5 for e-wallet and $10 for debit and credit cards
  • Maximum returns: 100-1000% depending on contracts and trades
  • Bonuses: not specified
  • Supported trading platform: proprietary web, Android and iPhone

10. eToro

Tel Aviv, Israel-based eToro is a social trading network and not a broker. It allows you to copy the leading traders in its community and, hopefully, realize the same margins. Conversely, your trading can be copied, which earns you additional income.

In this platform, you invest in people, not currencies. You will have to be mindful of other traders’ behaviors and analyze their patterns or strategies, instead of learning financial charts and indicators.

No worries, eToro provides more than 16 lectures and video courses on how to hone your skills. These include identifying consistent traders, not just one-shot deals. You also get a list of the best traders on currencies, indices, and commodities across a wide range of underlying assets.

On the B side, you can share your trading insights and enroll in the Popular Investor Program as a trade authority. While the minimum deposit is $200, the maximum returns vary. The network uses its in-house trading platform with Android and iPhone apps.

eToro Key Features

  • Minimum deposit: $200-$10,000, depending on the country
  • Maximum returns: varies
  • Bonuses: not specified
  • Supported trading platform: proprietary, web, Android and iPhone

11. 24Option

24Option has been online since 2020 and is a stable and reliable broker as it is regulated by the CySEC. It uses the third-party TechFinancials trading platform. Maximum returns are up to 88%. This broker does not accept traders from the US and Australia.

The minimum deposit amount is $250, and the minimum investment amount is $24. Trade types offered are high/low, one touch and no touch, boundary, and 60 seconds.

A demo account is offered for new traders. You can enroll in Standard, Gold, or Platinum account depending on the amount you deposit and the features you want. 24Option provides customer support via phone, live chat, and email in English and 13 other languages.

24Option Key Features

  • Minimum deposit: $100
  • Maximum returns: 88%
  • Bonuses: up to 100%; 25% or $500 (whichever is lowest) for first-time depositors
  • Supported trading platform: TechFinancials web, Android and iPhone

12. ETX Capital

ETX Capital is headquartered in London, UK, and regulated by the British Financial Conduct Authority (FCA). It trades in forex, equities, indices, and commodities, but note that binary options are unregulated by the FCA. Likewise, US traders are not accepted as of this writing.

The broker takes pains in educating newbie traders, explaining in detail binary options, risk trading, and other key topics.

The minimum deposit is $100, with returns between 75% to 85%. Bonuses are not specified but are available. A call to their support should specify a personalized bonus based on your investment. Likewise, withdrawals above $100 are free of charge.

The broker uses MarketPulse as a platform. It is clean and intuitive for beginners with expiry times easy to locate. However, it only supports English.

ETX Capital Key Features

  • Minimum deposit: £200 (around $260)
  • Maximum returns: 100%
  • Bonuses: varies, personalized
  • Supported trading platform: MarketPulse, web, Android, and iPhone

13. CMC Markets

UK-based CMC Markets has been a forex broker since 1989 but only went into binary options in 2020. Still, that’s a long history of trust and reliable operations compared to most binary options brokers. On top of that, it is regulated in the UK.

Today, it trades in indices, commodities, shares, treasuries, and forex, but US clients are not yet accepted. There is no minimum deposit, and there are no bonuses, too. Returns also vary depending on the product.

Meantime, the platform is customizable and includes charting tools, pattern recognition functionality, various screen layouts, and multiple timeframes. The system is accessible from Android and iOS devices. Support is UK-based and consists of live chat, email, phone, and fax.

CMC Market Key Features

  • Minimum deposit: no minimum deposit
  • Maximum returns: up to 95%
  • Bonuses: none
  • Supported trading platform: proprietary web, Android and iPhone

14. EmpireOption

Founded in 2020, Uruguay-based EmpireOption with a registered address in London, England. As with most brokers, US traders are not accepted. The broker trades in forex and CFDs with a diverse underlying investment portfolio.

The minimum investment is $200 and up to 80% maximum returns. Likewise, bonuses can reach 100%, but terms apply.

The trading platform is SpotOption but minus the SpotOption payment network. EmpireOption also uses its own branding interface and maintains control of most of the trading aspects.

Phone and email support are available.

EmpireOption Key Features

  • Minimum deposit: $200
  • Maximum returns: 82%
  • Bonuses: up to 100%
  • Supported trading platform: SpotOption, web, Android, and iPhone

15. BinaryMate

Binarymate is a UK-registered broker that is reliable as it follows the strict financial regulations of the UK. It accepts US traders. This broker uses a unique in-house platform for trading. You can earn a maximum return of 90%.

Trading accounts start with the basic Bronze package for which the minimum deposit is $250, and you get a 20% welcome bonus. For Silver account, the minimum deposit is $1,000, and you get a 50% welcome bonus. Finally, for the premium Gold account, the minimum deposit is $3,000, and you can choose between risk-free trades or a bonus of $250.

A unique customer support feature offered by Binarymate is live video chat with agents who are available 24/7. Support is offered in English, French, Spanish, and Russian. Last but not least, you can use the demo account to learn the ropes or to improve your skills. Before you decide on a broker, though, it’s always best to make a binary options brokers comparison first to make sure you pick the best service.

BinaryMate Key Features

  • Minimum deposit: $250
  • Maximum returns: 90%
  • Bonuses: up to $250, risk-free trades
  • Supported trading platform: proprietary web, Android and iPhone

How to Succeed in Binary Options Trading?

Many people pursue to trade in binary options even though many fail. This is because of the ease of trading, coupled with the high-profit potentials it offers. However, with thousands worldwide continuing to trade in binary options every single day, is it still possible to succeed in this lucrative trade?

A good place to start is to have an authoritative list of today’s top binary options brokers. So that’s now a check. Likewise, make sure you have the appropriate payment gateway providers for seamless payment transactions. Finally, check out these key elements that will help you succeed in binary options trading:

  • Learn how to interpret historical, current, and predicted charts.
  • Test various trading strategies and use one that works for you.
  • Always consider market indicators.
  • Learn to control your emotions, use them to your advantage.
  • Trade by capitalizing on your strengths and follow your signals.
  • Prepare and stick to a personal, long-term trading plan.

Yes, because of the high stakes involved, trading in binary options is really difficult and high-risk. But if you’d take the time to learn the ropes and sustain your commitment to it, it is realistic to succeed in the binary options trade.

Check out our 2020年最受欢迎的15家二元期权经纪商:哪一家是最好的? article for a Chinese version of this article and 15 nhà môi giới quyền chọn nhị phân phổ biến của năm 2020: Ai mới là tốt nhất? is available for the Vietnamese audience. There is also a Korean version available here: 2020년 최고 인기 바이너리 옵션 브로커 15개사, 누가 최고일까?

Binary Options Brokers

Looking for your next binary options broker? You’ve landed in the right place.Here you will find detailed information, reviews, and ratings about almost all binary options brokers in the industry… or at least the ones that matter enough.Whether you are new to binary options or a seasoned trader looking for a new broker, this is the place to start and find the best broker for you.Never invest before reading the ThatSucks.com broker review first!

Brokers
Broker name Regulated Minimum Deposit Return/Refund Score
VIPBinary No 250 60-75%/1-10% 1 / 10 Visit Now
TradeSmarter No N/A N/A 1 / 10 Visit Now
Banc De Binary No 250 70-83%/0% 1 / 10 Visit Now
OptionBit Yes 250 70-85%/0% 1 / 10 Visit Now
WinOptions No 200 65-85%/1-10% N/A / 10 Visit Now
Trader369 No N/A N/A N/A / 10 Visit Now
StartOptions No 1000 68-90%/0-10% 4.6 / 10 Visit Now
Bloombex Options No 200 68-85%/0-10% 1 / 10 Visit Now
EZTrader Yes 50 70-81%/0-10% N/A / 10 Visit Now
OptionXP No 200 65-75%/0-10% 1 / 10 Visit Now
MinuteOptions No 100 65-75%/0-10% 1 / 10 Visit Now
OptionsClick Yes 200 60-89%/0-2% 1 / 10 Visit Now
TradersRoom No 250 65-75%/0-10% 1 / 10 Visit Now
TraderXP No 200 65-75%/0-10% 6.3 / 10 Visit Now
Global Option Yes 200 70-95%/0-10% 6.1 / 10 Visit Now
TradeRush No 200 65-75%/0-10% 1 / 10 Visit Now
BullOption No N/A N/A 1 / 10 Visit Now
OptionFair Yes 100 100% / 0%* N/A / 10 Visit Now
OptionFire No 200 55-81%/10% 1 / 10 Visit Now
Optionet No 200 65-89%/1-15% 1 / 10 Visit Now
GCMBinary No 200 70-85%/0-10% 1 / 10 Visit Now
IOption No 250 71-83%/0-15% 1 / 10 Visit Now
StockPair Yes 250 75-83%/0% 1 / 10 Visit Now
AnyOption Yes 200 65-80%/5-25% N/A / 10 Visit Now
OptionWorld No 200 68-75%/5-10% 5.3 / 10 Visit Now
CitiTrader No 300 65-75%/0-10% 1 / 10 Visit Now
XPMarkets No 200 65-81%/0-10% 4.9 / 10 Visit Now
UBinary No 250 70-85%/+10% 1 / 10 Visit Now
ZoneOptions Yes 200 70-85%/0-15% 7.4 / 10 Visit Now
OptionNow No 250 75-85% / 0-15% 6.3 / 10 Visit Now
GOptions No 200 70-85%/0-10% 1 / 10 Visit Now
GTOptions No 250 65-85%/0% 6.9 / 10 Visit Now
OptionYard No 200 70-82%/0-10% 1 / 10 Visit Now
OptionsXO No 250 70-89%/0% 1 / 10 Visit Now
BDSwiss Yes 200 N/A 8.5 / 10 Visit Now
Dragon Options Yes 250 65-80%/0-10% 6.6 / 10 Visit Now
Opteck Yes 250 N/A 1 / 10 Visit Now
TopOption Yes 100 72-85%/ 0% N/A / 10 Visit Now
BINOA No 100 60-85%/0-10% 5.9 / 10 Visit Now
MarketsWorld No 10 70-90% /0% 1 / 10 Visit Now
OneTwoTrade No 250 60-85% /0% 1 / 10 Visit Now
Safe24Options No 200 68-75%/0-10% 1 / 10 Visit Now
IHoptions No 200 68-89%/5-10% N/A / 10 Visit Now
Binary360 No 200 60-75%/0-10% N/A / 10 Visit Now
TraderEasy No 200 65-75%/0-10% N/A / 10 Visit Now
OptionWeb Yes 200 70-90% /0% N/A / 10 Visit Now
OptionLucky No 200 68-75%/0-10% N/A / 10 Visit Now
Binary Markets No 200 68-75%/0-10% N/A / 10 Visit Now
OptionRally Yes 250 65-81%/ 0% 7.6 / 10 Visit Now
777Binary No 200 65-75%/0-10% 5.6 / 10 Visit Now
Trading247 No 200 60-75%/0-10% 1 / 10 Visit Now
OptiMarkets No 200 75-80%/0-10% 1 / 10 Visit Now
BNRY No 100 65-75%/0-10% 5.0 / 10 Visit Now
CedarFinance No 200 65-75%/0-10% 1 / 10 Visit Now
24Bulls Yes 250 40-85%/0-40% 6.9 / 10 Visit Now
BetonMarkets Yes 5 50-95%/0% 1 / 10 Visit Now
BeeOptions No 150 60-85%/0-10% 7.0 / 10 Visit Now
ZoneOptions Yes 200 70-85%/0-15% 7.4 / 10 Visit Now
Redwood Options No 500 70-81%/1-10% 1 / 10 Visit Now
XOptions Trading No N/A N/A N/A / 10 Visit Now
VaultOptions No 100 65-75%/5-10% 5.1 / 10 Visit Now
OptionGround No 200 70-85%/0-10% 1 / 10 Visit Now
EasyXP No 200 75-80%/0-10% 1 / 10 Visit Now
GrandOption Yes 200* 75-89%/0-10% 6.4 / 10 Visit Now
FMTrader Yes 250 65-85%/0-10% N/A / 10 Visit Now
Binary Yes 10 75-90%/0-5% 9.1 / 10 Visit Now
Global Trader 365 No 200 65-75%/0-10% 1 / 10 Visit Now
Regal Options No 200 75-80%/0-15% 1 / 10 Visit Now
Sycamore Options No 200 65-75%/0-10% 1 / 10 Visit Now
TraderWorld No 200 68-80%/0-10% 1 / 10 Visit Now
TitanTrade No 350 70-85%/0% N/A / 10 Visit Now
LBinary No 250 70-85%/0-10% 1 / 10 Visit Now
PowerOption Yes 250 70-85%/0% 1 / 10 Visit Now
Winner-Option Yes 100 70-80%/0-5% 1 / 10 Visit Now
MarketsKing No 250 65-85%/0-5% 6.4 / 10 Visit Now
AmberOptions No 200 70-80%/0-5% 1 / 10 Visit Now
PlatinumTrader No 350 60-80%/0-10% 5.9 / 10 Visit Now
BrokerageCapital No 200 70-75%/0-5% 1 / 10 Visit Now
99Binary No 200* 78-93%/0-10% 6.9 / 10 Visit Now
CTOption No 250 70-80%/0-15% 1 / 10 Visit Now
BossCapital No 250 63-85%/0-10% 1 / 10 Visit Now
RBOptions No 250 75-88%/0% 7.4 / 10 Visit Now
CallandPut No 250 65-85%/0% 6.4 / 10 Visit Now
UKOptions No 250 70-82%/0-5% 1 / 10 Visit Now
BinaryTilt No 250 70-85%/0-3% 1 / 10 Visit Now
IQ Option Yes 10 75-92%* 9.3 / 10 Visit Now
MagnumOptions No 500 70-85%/1-10% 1 / 10 Visit Now
BigOption No 100 70-85%/0% 1 / 10 Visit Now
OptionMint No 250 68-85%/0-10% 5.5 / 10 Visit Now
CherryTrade No 200 65-85%/-% 1 / 10 Visit Now
10Trade Yes 200 70-81%/ 10% 1 / 10 Visit Now
No1Options No 500 75-89%/0-10% 1 / 10 Visit Now
SpotFN No 250 70-88%/0% 1 / 10 Visit Now
OnlyOption Yes 200 70-85%/0-10% 7.3 / 10 Visit Now
InsideOption No 500 78-84%/0% 7.0 / 10 Visit Now
Tradorax No 250 70-85%/0-4% 1 / 10 Visit Now
YesOption No 250 75-89%/0-3% 1 / 10 Visit Now
GrowBinary No 100 75-80%/0-15% 5.7 / 10 Visit Now
RoboOption Yes 10 70-85%/0-15% 1 / 10 Visit Now
EveryOption No 200 75-85%/0-15% 1 / 10 Visit Now
IvoryOption No 250 70-85%/ 0% 7.3 / 10 Visit Now
Ayrex No 25 60-80% 8.0 / 10 Visit Now
TradeThunder No 200 70-80%/0% 1 / 10 Visit Now
WikiOption No 250 75-85% /0-15% 1 / 10 Visit Now
365BinaryOption No 200 75-85% /0-15% 1 / 10 Visit Now
BinaryInternational No 200 70-85% /0-10% 7.4 / 10 Visit Now
ImperialOptions No 250 60-80% /0% N/A / 10 Visit Now
IG Yes 200 Varies 8.5 / 10 Visit Now
FinPari No 250 70-85% / 0-15% 1 / 10 Visit Now
EmpireOption Yes 100 70-82%/0-5% 7.8 / 10 Visit Now
BinaryBook No 250 75-85% / 0% 1 / 10 Visit Now
Nadex Yes 250 Varies 9.3 / 10 Visit Now
Oboxee Yes 10 70-85% / 0-15% 1 / 10 Visit Now
InteractiveOption No 250 75-85% / 0-15% 1 / 10 Visit Now
BinaryBrokerZ No 250 75-85% / 0% 1 / 10 Visit Now
WMOption No 250 70-85%/ 10% 1 / 10 Visit Now
365Trading Yes 100 68-85% / 0% 1 / 10 Visit Now
KeyOption No 300 82% / 0% N/A / 10 Visit Now
HYOptions Yes 100 80% / 0% 1 / 10 Visit Now
PWRTrade No 250 75-85%/ 0% 7.4 / 10 Visit Now
BMBOption No 250 80% / 0% 7.2 / 10 Visit Now
PorterFinance No 250 70-85% 6.5 / 10 Visit Now
Dukascopy Yes 100* 70-90% 8.5 / 10 Visit Now
CWOption No 25 70-85% N/A / 10 Visit Now
TRBinaryOptions No N/A N/A N/A / 10 Visit Now
OlympTrade Yes 10 75-92% / 0% 8.5 / 10 Visit Now
BinaryUno No 250 75-80% / 0-10% 5.7 / 10 Visit Now
TradeSolid No 100 75-85% / 0% 1 / 10 Visit Now
Finmax Yes 250 70-85%/ 0-15% 9.0 / 10 Visit Now
BuzzTrade Yes 250 75-85% / 0-15% 1 / 10 Visit Now
OxMarkets Yes 250 70-85%/ 0-15% 1 / 10 Visit Now
UboCapital No 200 75-85%/ 0-15% 6.4 / 10 Visit Now
BillionOptions No 250 75-85%/ 0-15% 1 / 10 Visit Now
OptionStars Yes 250 60-85%/ 0-20% 7.4 / 10 Visit Now
PrestigeOption Yes 500 75-85%/ 0-10% N/A / 10 Visit Now
OptionBanque No 200 75-85% / 0-15% 7.0 / 10 Visit Now
Citrades No 250 70-85% /0-15% N/A / 10 Visit Now
QuickOption Yes 250 75-90% / 0% 7.1 / 10 Visit Now
AskOption No 250 60-81% /0-5% 7.3 / 10 Visit Now
SternOptions No 250 75-85% / 0% 1 / 10 Visit Now
TradePlus No N/A N/A N/A / 10 Visit Now
Binomo No 10 70-87% / 0-10% 8.0 / 10 Visit Now
PlusOption No 250 75-81% /0% 6.3 / 10 Visit Now
HighLow Yes 50 75-85% /0% 8.6 / 10 Visit Now
Bullbinary Yes 50 75-85% /0-15% 1 / 10 Visit Now
TorOption No 350 75-85% /0-15% 1 / 10 Visit Now
PrimeCFDs Yes 250 N/A 1 / 10 Visit Now
eXbino No 10 75-85% /0-15% 1 / 10 Visit Now
Binatex No 50 75-85% / 0-15% 7.9 / 10 Visit Now
Finrally No 250 75-85% /0-15% 1 / 10 Visit Now
ExpertOption Yes 50 89-95% / 0% 8.8 / 10 Visit Now
72Option No 250 75-85% / 0-10% 6.5 / 10 Visit Now
BinaryCent No 250 70-100%/ 0% 6.7 / 10 Visit Now
BinaryOnline No 250 70-85% /0% 1 / 10 Visit Now
GreenFieldsCapital No N/A N/A N/A / 10 Visit Now
PrestigeFinancialMarkets No N/A N/A N/A / 10 Visit Now
Grand Capital Yes 100 75-85%/ 0-15% 7.8 / 10 Visit Now
Pocket Option Yes 50 N/A N/A / 10 Visit Now
Option888 No 250 75-85% / 0-15% 6.9 / 10 Visit Now
uTrader No 300 75-85% /0-10% 5.3 / 10 Visit Now
RaceOption No 250 50-70% /0% 6.3 / 10 Visit Now
OptionField No 100 70-93%/0% 7.3 / 10 Visit Now
Binary24 No 10 75-85% /0-10% 7.1 / 10 Visit Now
CloseOption No 5 50-95% /0% 6.8 / 10 Visit Now
BinaryMate No 250 75-90% / 0-15% 4.8 / 10 Visit Now
Binarium No 10 70-90% /0% 7.5 / 10 Visit Now
Q8Trade Yes 250 N/A 6.2 / 10 Visit Now
CryptoBO No 250 70-85% 4.9 / 10 Visit Now
Finarix No 250 N/A 5.7 / 10 Visit Now
NSBroker Yes 250 N/A 9.4 / 10 Visit Now

Binary Options Brokers List 2020

Search Brokers

The word “broker” comes up in about any binary options conversation and that’s because you cannot trade binaries without using one. If you are new to all of this, then you’re probably wondering what brokers are; so here’s the quick rundown: they are the intermediary between the trader and the financial market, so when you want to open a trade, you will have to go through the broker. You will need a brokerage account and then if you want to trade, you will have to fund that account. Here’s when potential problems may arise.

There are literally hundreds of brokers out there, so finding one will not be a problem… Choosing the right one may prove to be difficult because all brokers have different trading conditions.

Learn about the Brokers

Your first concern should be the safety of your money. Is this broker regulated? Are they trustworthy? What do other clients say about them? There have been a lot of scams in the early days of Binary Options and although now things are a lot safer, you will still encounter brokers that try to scam you in various ways. That being said, when choosing your next Binary Options broker, this is one of the first questions you have to ask yourself: is this brokerage regulated by a major financial watchdog like CySEC (Cyprus), ASIC (Australia), FCA (United Kingdom), CFTC (United States), or any other local regulator? Only a few of the unregulated brokers are trustworthy.

Your second concern should be about trading conditions. How much is the minimum deposit? How much is the minimum trade? What assets are they offering? What’s the average return? Will I get a refund in case of a losing trade? If you plan on investing low, you will have to choose a broker with a low investment per trade. If the broker allows you to trade lower amounts per trade, that means that you can stay in the game longer and a losing trade will not be such a big deal.

And finally, the BOTS score. We take everything we just talked about into consideration and translate it into a number anywhere between 0-10. These numbers are also based on client’s opinion, so it’s not only us you can trust but also traders like yourself. For more information regarding each and every broker, click on the brokers’ name.

Choose Your Broker

Trust is a major issue when it comes to these companies because, as I mentioned above, you will have to fund an account with them, so your money will be in their possession. If the brokerage is legit, then you have nothing to worry about, because you can withdraw at any time or use that money for trading and make a profit.

The matters above and much more (like Bonuses, Fees, Commissions, Deposits, and Withdrawals, etc.) are extensively covered in our Broker Reviews. We are doing everything we can to keep our reviews comprehensive and up to date, so don’t let our work go to waste. Use it!

List of the best 5 Binary Options Brokers 2020 | Comparison

Table of Contents

Broker: Review: Regulation: Return on investment: Advantages: Account opening:
1. IQ Option (5 / 5)
➜ Read the review
CySEC (Cyprus Securities and Exchange commission) up to 100%+ + Best platform
+ Best support
+ Highest yield
2. Binary.com (5 / 5)
➜ Read the review VFSC, FSC, MGA up to 100%+ + Automated Trading
+ High yield
+ Forex & CFDs 3. Expert Option (4.5 / 5)
➜ Read the review VFSC up to 90%+ + Good Support
+ Account Types
+ Social Trading

4. Pocket Option (4 / 5)
➜ Read the review IFMRRC up to 95%+ + Accepts any clients
+ Bonus program
+ Social Trading 5. Binarium (4 / 5)
➜ Read the review No Regulation up to 95%+ + Accepts any clients
+ Bonus program
+ No fees

You are searching for a reliable Binary Option Broker? – Then you are right on this website, we show you a list of the 5 best trading platforms for digital options. Binary Options have pros and cons but what is more important to find a good Binary Options Broker. With more than 7 years of experience in the financial markets, we exactly know how to spot a reputable trading platform. Inform yourself about the 5 best brokers and their characteristics. Should you invest your money with Binary Options? – Find it out.

How to spot a reliable Binary Options Broker:

On this website we only show you tested Binary Options Brokers by ourself. We want to be sure that the companies pay out the profit. Be aware of trading Binary Options because there is a lot of scam on the internet. That is why you should check a broker before you sign up and invest your hard-earned dollars.

To find a good Binary Options Broker we have different criteria. Safety for customers is the most important point. In addition, a trader needs professional trading software and a high return on investment. The following criteria are used to find a good broker.

Our criteria for a good Binary Options Broker:

  • Regulation of finance authority
  • Safety for customer funds
  • Free demo account for testing
  • Low minimum deposit
  • High return on investment (yield)
  • Usefull trading platform with analysis tools
  • No hidden fees
  • Fast execution of trades
  • Available support in different languages

Regulation and safety for customers

We have to note that Binary Options are not allowed or supported in some countries. That is why not every Binary Options Broker accepts customers from certain countries. Mainly unregulated Binary Options Brokers accept international and all clients. The demand for trading binary is very high that is why we also show you 2 unregulated brokers who are accepting any clients.

Safety for the customer is important and every broker understands it. The company is regulated and is using regulated payment methods. The brokers guarantee the safety of customer funds which are managed in big trustworthy banks. The client’s funds are separated from the companies money.

For example, you will find the regulation and company information mostly on the bottom of the broker’s website:

Example regulation of Binary.com

Binary Options bann and fraud:

In the most cases Binary Options is an OTC (over the counter) traded product. Traders are trading against each other on the brokers platform. In the past there was a lot of fraud around this financial product. That is why some countries try to bann Binary Options or made more secure regulations. For example, in Europe Binary Options are only sold to professional clients at the moment and in the United States of America the Securities and Exchange Commission only allow exchange-traded Binary Options.

How do Binary Options work? – Quick Tutorial

How to trade Binary Options? – In this section, we will give you a short overview of the finance product. The most mistakes are happening because of misunderstanding.

Binary Options have only two main results:

  • You loose your investment amount
  • You get your investment amount back and earn a high yield
  • (If the price is not moving you get the money back)

It is very easy to trade Binary Options. That is why it is a popular investment. First, you have to analyze the chart and market for a potential trading idea. If you are sure to invest you can open the trade. Make a forecast of the price movement. You can invest in rising or falling prices. You buy (call) or sell (put) after you have chosen the investment amount and the duration time of the trade. The price has to be above or below your entry point (strike price) in order to get the return on investment.

Binary Option Trading example (short trade)

How to trade Binary Options:

  1. Make a forcast of the price movement
  2. Choose the duration (expiry time) of the option
  3. Choose the investment amount
  4. Click on buy or sell
  5. Wait till the duration time is over or sell the option before
  6. Make a return on investment or lose the investment amount

Detailed comparison of the 5 best Binary Option Brokers

We tested every Binary Option Broker which we publish on this website in detail. In the next section, we will give you a deeper look into the trading platforms. You will get the first-hand experience and if you want to read more information you can visit our full review of the companies. The Binary Option Brokers are listed after your review conclusions.

1. IQ Option

IQ Option Trading Platform

In our list IQ Option is the Best Binary Options Broker. This platform can offer a phenomenal service for the trader. For many years the brand is well known in the industry. It is a European company which is acting internationally, international clients are accepted.

You can start with a low minimum deposit of $10 or a free demo account. It is possible to trade more than 300 markets on the platform. There are binary options, digital options, forex, CFDs, stocks, and ETFs. It is a multi-asset brokerage. Moreover, the return on investment is very high and up to 100%+. The company also offers VIP accounts to get more returns.

What makes IQ Option so unique? – It is the perfect trading platform. You will get very nice handling which you will not get on other platforms. Watch more than 100 education videos and chat with other traders. Also, there is 24/7 support in different languages. Overall, IQ Option has the best features for binary trading.

Conditions for IQ Option traders:

  • European broker and company
  • Regulated and high safety for customers
  • Multi-asset brokerage
  • Trade binary options, forex, stocks, ETFs, CFDs and more on one platform
  • In comparison the best trading platform with the most features
  • Free demo account with $10.000
  • Low minimum deposit of $10
  • No hidden fees
  • 24/7 support for traders
  • Free education for traders

2. Binary.com

Official website of Binary.com

Binary.com is the oldest broker for Binary Options and active since the year 2000. It is also an international company which got different regulations around the globe. Binary.com invented online trading for Binary Options and offers a professional trading platform. If you want to start to trade you can use the free demo account or start with a minimum deposit of $5.

What is so special about this broker? – There are many opportunities to invest in the platform. You can trade options, forex, and CFDs. More than 100 different assets. Binary.com is the only broker for Binary Option which support automated trading. You can create a bot by yourself on the trading platform and let it run.

The return of investment can be up to 100% and the spreads are very low for forex trading. Beginners can enjoy educational tutorials for each platform of Binary.com. The platform is available for any device. Furthermore, the broker support trading with the popular software MetaTrader 5. All in all, Binary.com is a reputable broker for binary trading.

The conditions for Binary.com traders:

  • Popular broker since 2000
  • Multi regulated company
  • Accepts international traders
  • Free demo account
  • Minimum deposit only $5
  • More than 100 markets to trade
  • Forex, CFDs, stocks, commodities, and more
  • Return on investment up to 100%
  • Multi-platforms
  • Supports automated trading (bot)
  • MetaTrader 5
  • Support in different lanugages 24/5

3. Expert Option

Expert Option Trading platform

Expert Option was founded in 2020 and offers Binary Option trading on more than 100 assets. The company is based in Saint Vincent. It is a regulated broker by the Vanuatu Financial Service Commission (VFSC). Expert Option makes a good impression on us because of the professional trading platform. With one click you can create a free demo account with $10,000.

The minimum deposit is starting from $10 and if you deposit more money you can get a higher account type up to platinum. The return on investment is up to 90% and is depending on the market situation. For example, by using the platinum account ($5,000) you get an increased profit of 4%. The platform is only for short-term trading with a maximum duration of 5 minutes. This is a little disadvantage for us.

Another special feature of the platform is the social trading function. You can follow other profitable traders to make a profit. Furthermore, education material, webinars, and analysis are offered for free by Expert Option. All in all, Expert Option is a safe and recommended broker for trading.

The conditions for Expert Option Traders:

  • Binary Option Broker since 2020
  • Regulated by the VFSC
  • Free demo account
  • Minimum deposit of $10
  • Only short-term trading
  • More than 100 assets
  • Return of investment up to 90%
  • Account types
  • Social Trading
  • 24/7 support
  • Education and training for traders

4. Pocket Option

Pocket Option website screenshot

We already made a lot of trading videos with Pocket Option on our Youtube channel. It is a reliable broker which accepts all type of clients from every country. The platform is very new and has a lot of different features for trading. Binary Options and forex trading is offered by a minimum deposit of $50. Also, you can join the platform with a free demo account.

Pocket Option is a new broker who knows how to attract new customers. The return of investment can be up to 95%+ and there is a free achievement program. You can earn gifts by trading on the platform. Also, a bonus program is offered for every deposit and trader. You can double your deposit to make more profit.

You can trade forex, cryptocurrencies, stocks, and commodities with one click. From our experience the execution of trades is at its best. Another good feature is the social trading function. You can copy other traders. In conclusion, Pocket Option is a very interested broker with a lot of opportunities.

The conditions for Pocket Option traders:

  • International offshore broker
  • Accepts every client
  • Regulated by the IFMRRC
  • More than 100 assets
  • Minimum deposit of $50
  • Free demo account
  • Free bonus program
  • Social Trading
  • Support 24/7
  • No fees

5. Binarium

Binarium official website

Binarium is an unregulated Binary Options Broker from Cyprus (EU). The company exists since 2020 and offers binary trading. The trading platform looks like the same design of IQ Option. The biggest advantage of Binarium is that the broker accepts clients from every country. You can sign up and start trading directly

There is also a free demo account and if you want to invest real fund you have to deposit $5 or more. The funds are managed in European banks for safety. On the platform, there are more than 50 different markets to trade. The maximum yield is up to 95% and you can grab a free bonus for your deposit if you want.

Binarium offers short-term and long-term trading 24 hours per week. You can use a lot of different analysis tools to create strategies or trading methods. Each tool can be customized by the user. From our experience, Binarium is a typical offshore broker which gives good conditions for binary trading.

The conditions for Binarium traders:

  • Binary Options Broker since 2020
  • Based in Cyprus
  • Not regulated
  • Free demo account
  • Minimum deposit of $5
  • Bonus program
  • High return on investment up to 95%
  • No hidden fees
  • Support in multi-language
  • Professional trading platform

Conclusion: High return on investment is possible with a good Binary Options Broker

On this website, you find the reputable and latest information about Binary Option Brokers. We showed you the best companies to trade with which are tested by us with real money. You can test these trading platforms also by yourself with a free demo account. In addition, the minimum deposits are very low and you can start with a small amount of money.

If you feel comfortable you can invest more money to increase your profit. With these platforms, you get access to a lot of different financial markets. Start trading by using short-term or long-term options.

Finding a good Binary Options Broker is not so easy because the choice is quite large on the internet. With our criteria, we found the best brokers and presented them to you. For more information you can read our detailed reviews:

Binary Options trading can be secure with the right broker. On this site, we showed you the best companies.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

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How To Choose Binary Options Broker 2020
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