IQ Option – Best Binary Options Broker (IAIR Awards)! Crypto, Forex, Stocks, ETFs!

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!

Best Binary Options Trading Brokers for 2020

Below you will find a list of Binary Options Brokers that offer various binary contracts for trading. Although the term may appear to be very confusing, it’s not that complicated. A binary option is a sort of a contract with a value, expiration date and determined conditions of winning. By purchasing it, you technically make a bet. Most common wager is to predict whether the asset’s price will go up or down from a certain level and stay there until the option expires. Most tradable assets are currencies, indices and some commodities. There used to be much more brokers offering binary options, but many regulatory authorities placed restrictions and prohibited that kind of trading.

Binary options for the retail market were instituted in 2008 when the first description of this product was approved by the US Securities and Exchange Commission. The initial description of what is now known as US-style binary options was based on assets that were listed on exchanges, with traders pitting their bets against each other.

A short while later, a different model of binary options was developed and introduced to the world by brokers based in Europe and Israel. This model (European-style binary options) was essentially based on off-exchange trading of CFDs. However, what followed was years of unwholesome practices and remarkable scandals, which led to the shutdown of the industry in Israel by regulators there, and in the UK and EU region by the European Securities and Markets Authority (ESMA).

The industry is presently undergoing a self-cleansing, and we now have offshore brokers who are showing better commitment at playing by the rules and ensuring their clients get a good deal for their money.

What led to the near collapse of the binary options market?

The answer lies in only one direction: shady brokers and their agents all over the globe. But perhaps some portion of the blame can go to regulators, who were generally very slow in rising up to the occasion to protect the clients, whose money constituted the entire financial backbone of the market.

Brokers are meant to create markets for their clients to trade and are supposed to ensure transparency and safety of trading venues, while maintaining some level of neutrality. However, what occurred between 2020 and 2020 was a situation where a lacuna in regulation led to the emergence of fraudulent entities. These fly-by-night operators set up “brokerages” that were essentially criminal enterprises, specifically designed to rob traders of their hard earned cash. These scam brokers devised several means of ripping off their unsuspecting customers.

A) A common method was the use of call center agents, who unscrupulously obtained contacts of prospective traders and literally harassed them into making ever-increasing deposits, with promises of helping them reap bountiful returns on their investments.

B) There was also the use of volume requirements for incentive bonuses, which were tied to the ability to make withdrawals. Traders soon found out that achieving these volume requirements was practically impossible, thus ending any opportunity at retrieving capital or profits made.

C) In some brazen instances, agents in the brokerage house would access trader accounts from the back end, and execute trades that had been deliberately configured to lose on those accounts. There is at least one case known to the writer where $5,000 was stolen in this manner. Prosecutors and law enforcement agents presently have warrants on the identified personalities behind that brokerage.

Perhaps the case that brought binary options into very negative light, prompting calls for an EU-wide ban, was the unfortunate case of a Canadian investor who lost his life savings after patronizing a shady brokerage entity. The eventual suicide of this investor was the breaking point; EU and UK regulators took action and shut down binary options in Europe and the UK.

Lessons learnt

It is not only traders that suffered from the criminal activities of the scam brokers. Legitimate brokers such as Binary.com paid a very heavy price, as they lost a significant amount of the market share in an industry where they could be said to be the pioneers. Binary.com (which is listed below as one of the best binary options brokers of repute today) and several other legitimate companies around the world were forced to make major changes to their operational models, in an attempt to improve transparency and to bring back badly eroded investor confidence into the market.

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!

Some of the changes which have been introduced include:

A) Restriction on issuance of bonuses, a lot of which is now provided as cashback for volume trading.

B) Robust trader education, in order to ensure that only informed traders use the binary options platforms.

C) Provision of demo accounts, which many of the defunct brokers never provided for their clients. No longer will traders be deprived of the opportunity to test their strategies and learn the process using virtual accounts.

D) Enhancement of the analytical tools on the platforms, to replace the archaic methods of the old order which provided traders with only line charts and zero tools for analysis!

E) Elimination of confusing binary options bet types and sticking to the classical binary options.

F) Getting their entities regulated in the countries of operation, to enhance user protection and boost broker accountability to enforcing regulatory institutions.

G) Incorporating new asset classes (e.g. cryptocurrencies) to the mix.

Criteria used in broker selection

In selecting the binary options brokers displayed in our list below, the following parameters were used in the process of consideration and selection to ensure that only the most genuine brokers are available for you. We have thus made the process simple, knowing that it is quite a challenge for traders to be able to select these brokers on their own.

The issue of regulation cannot be emphasized enough. The only way traders are going to be protected is by regulating the binary options providers they operate with. Anything short of this will be inviting the old demons back. Regulation also provides for greater accountability and ensures that investor confidence is never lacking in the market.

2) Corporate Governance Structure

A look was taken at the structure with which the listed brokerages operate. Many of them have been around for more than 9 years, and have invested in improving their platforms and trade offerings. These brokerages also have properly defined corporate hierarchy and a face to which the company can be tied to. For instance, the CEO of Binary.com is well known. Olymptrade has a very active presence in an online forum in Africa. Brokerages like Go Markets have officials who are also well known. There are no faceless companies in our list.

3) Openness and Reachability

The brokers listed here all have verifiable contact addresses and can be reached by phone, email and social media channels. Compare this with the old order where some brokerage operations were essentially husband/wife run establishments, operating out of a kitchen (yes, a “binary options broker” was found to be just that several years ago).

4) Trade Conditions

The trade conditions for each broker were also reviewed. For instance, we looked at factors such as stability of the platform, uptimes and downtimes, accessibility of customer support, latency of price and data feeds as well as how the brokers handled counterparty risks. Brokers that were found wanting were eliminated from the list.

Risk Free Trades to Trade Without Risk Forex and Binary Options!

IQ Option – Best Binary Options Broker (IAIR Awards)! Trade Crypto, Forex, Stocks and ETFs! IQ Option Binary Options Broker is becoming a well-known platform throughout the world nowadays. Now on IQ Option Trading Platform you can trade Crypto, Forex, Stocks and ETFs along with binary options !

More and more traders prefer this particular platform for trading binary options because they have plenty of resources available to help you.

There are currently hundreds of binary options brokers, with new ones appearing on the market almost daily. IQ Option is completely different to its competitors, they have worked very hard to make investing interesting, fun and entertaining. A perfect example of this is a Free Demo Account, $10 minimum deposit and a $1 minimum investment, which shows that they are openly welcoming those investors who want to start cautiously or who cannot afford to invest larger amounts of money.

IQ Option Features:

  • Minimum Deposit is $10 and $1 Minimum Trade Size
  • Demo Account Without Deposit – Click Here To Open an Account
  • Great Trading Platform for Crypto, Forex, Stocks and ETFs along with binary options !
  • up to 92% Profit (*) – Amount will be credited to account in case of successful investment!
  • Great Trading Tournaments Every Month – (*) Tournaments are subject to Terms & Conditions and EU customers can’t access Trading Tournaments

Click on the button below to open an IQ Option account now:

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

The IQ Option mobile app is extremely user-friendly. This is, in fact, one of the app’s biggest selling points, as many of the other apps available in the industry are difficult to use. In fact, with most apps, you have to be an experienced trader who has a deep understanding of the intricacies of the market and the technical jargon used. Not the IQ Option app though. IQ Option – Best Binary Options Broker (IAIR Awards)! Trade Crypto, Forex, Stocks and ETFs!

Click on the button below to download the IQ Option mobile app now:

Banking

You can choose from a wide variety of deposit options. Deposits can be made with all major credit cards, including Visa and MasterCard, or you can use the following methods: Skrill, Neteller, Bank Wire Transfer, WebMoney, etc. And with an extremely low minimum deposit of just $10 why wouldn’t you deposit now.

For withdrawals you can use all the same methods that are available for deposits. For a real money account withdrawals are processed quickly, within 1 business days.

Trading Platform

IQ Option uses its own trading platform, a fresh change from the SpotOption platform which is used by almost all the major broker sites. The super responsive live graph feature makes trading great. Unlike some competitor sites, the possibility of inadvertently setting the wrong investment is not possible. The platform has many unique features, which are specially designed to make it simple to use.

IQ Option Features:

  • Minimum Deposit is $10 and $1 Minimum Trade Size
  • Demo Account Without Deposit – Click Here To Open an Account
  • Great Trading Platform for Crypto, Forex, Stocks and ETFs along with binary options !
  • up to 92% Profit (*) – Amount will be credited to account in case of successful investment!
  • Great Trading Tournaments Every Month – (*) – Tournaments are subject to Terms & Conditions and EU customers can’t access Trading Tournaments

IQ Option introduced a range of great new products providing all his members with the ultimate online trading experience.

Now IQ Option members can get involved with Exchange Traded Funds (ETFs), online CFDs on stock trading, forex currency trading and Binary Options, diversifying their investment portfolio in the process. IQ Option – Best Binary Options Broker (IAIR Awards)! Trade Crypto, Forex, Stocks and ETFs!

Binary Options Tournaments

IQ option offers binary options tournaments. At the beginning, all traders get same tournament balance. Winners are determined by their tournament balances at the end, participants with the highest balance win the first place prize (*) Tournaments are subject to Terms & Conditions and EU customers can’t access Trading Tournaments

IQ Option broker offers even Free Trading Tournaments with ZERO participation fees!

Some tournaments have a guaranteed prize fund up to 100,000$, which means that, if participation fees do not cover the whole prize pool, the broker will pay the rest. Some tournaments also have rebuy possibilities, meaning that, if you lose your whole tournament balance, you can rebuy yourself back into the tournament, for the same entry fee and you get a tournament balance again. Trading Tournaments are great entertainment for investors!

Awards

IQ Option has received several awards and recognition from multiple sources. This is more proof that they are excellent and honest in their business. The most popular of these awards are the “Most Reliable Binary Option Broker” award, the “Most Innovative Binary Option Broker” award, the “Fastes Growing Binary Options Broker” award, and many more! IQ Option – Best Binary Options Broker (IAIR Awards)! Trade Crypto, Forex, Stocks and ETFs!

The Ultimate Trading Hub – Learn binary options!

If you want to learn binary options before to start trading with real money, you MUST see all 16 Video Lessons. Start with the first lesson “How to Start Trading on IQ Option” and finish with lesson 16 “Local Levels Breaking Pattern”! All these Video Lessons will help you to learn binary options trading!

IQ Option Review – is iqoption.com scam or good binary options broker?

Basic Information

Minimum deposit Min./ Max. bet size Payout % Platform Regulation
$10 $1 / $5,000 Up to 900% (usually 87%) Proprietary CySEC

IQ Option is a binary options provider, which offers multiple trading instruments and a unique trading platform. The company offers free demo accounts, which most binary brokers don’t.

Trading Accounts

While IQ option doesn’t offer multiple account types, like many other brokerages, they do have a VIP account available to those who deposit more than $3,000. It is worth pointing out, the sum shouldn’t be deposited in a single, initial transaction (as is most often the case), but all of your deposits must amout to $3000. The VIP account grants you slightly better payout percentages.

The Company. Security of Funds

Company Country Regulation
IQOPTION EUROPE LTD Cyprus CySEC

IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC), one of the few reputable agencies which oversees binary options. This raises their credibility a lot, especially when compared to the majority unregulated binary options broker.

In case you didn’t know financial regulation is a key factor of a broker’s reputation. When dealing with an unregulated company, you are basically taking their word as the only guarantee you will ever get your money back. CySEC, on the other hand, enforces a lot of rules on the firms it oversees. In terms of the security of client funds, two stand-out as the most significant: client funds must be kept in segregated accounts and brokers must participate in the local compensation scheme.

Segregated accounts are a special type of bank account, which the broker can not access freely. This implies, they can’t “borrow” the money you are not using for trading and spend it on company expenses. Additionally the compensation scheme is a collective pool to which all brokers contribute a portion of their profits. The fund then serves the purpose of a guarantee, in case one of the brokerages happens to become insolvent. If you are trading with a binary options or forex broker, regulated by CySEC, your money is safe (against their bankruptcy) to a limit of €20,000.

One of the several unique aspects of IQ Option is the addition of Tournaments. These are events in which participants each put-up an equal predetermined amount up-front and then compete against each other. Tournaments have a fixed start and end time. A new tournament account, with a virtual $100 is created for each participant. Each contender trades, based on his own strategy and at the end of the tournament the top-ranking gainers are awarded. Tournament entry fees currently vary from $1 to $20, which means basically anybody can try them out. Do keep in mind, trading in these events is very aggressive and we would not recommend doing the same with regular options.

On the downside, there are multiple negative reviews of this company in various online forums. While we can’t confirm nor deny their credibility, the fact they exist is troubling. The complaints vary from poor execution to slow (or even non-existent) withdrawals, which are serious issues.

Trading Conditions

Trading Options: Binary (Call/Put), Digital Options, Forex and CFD*

Assets: Currencies, Stocks, Indices, Cryptocurrencies

*the Forex and CFD trading modes are a mix between binary options and spot trading. They may seem hard to figure out, at at first, but provide an interesting alternative. Luckily IQ Option provides a video tutorial.

Minimum Initial Deposit

The minimum deposit at IQ Option is only $10. This is very low, even when compared with the lowest levels demanded by forex brokers. That being said some of them like the FCA-regulated industry pioneers at IG do not require a minimum deposit at all.

The minimum bet size at IQ Option is $1. This is basically as low as anyone goes in the binary options industry. This is a good policy in terms of risk management, which is also offered by Grand Capital.

The payout level at IQ Option is 87% for the most basic binary options. This is slightly higher than what other brokers offer. As a comparison, Grand Capital usually offers 86%. With digital options, depending on the price level one chooses to trade based upon, the payout can reach up to 900%. However, in order for that to happen, the prediction will have to be a fairly unlikely one.

Trading Platform

IQ Option has its own proprietary trading platform, which is rather nice. They do have mobile app versions, as well as a stand-alone desktop application, which most binary brokers do not provide (unlike most forex brokers, who rely on MetaTrader4). Having the ability to open the platform separately from your browser can prove to be invaluable, if you are not running with great hardware or like to open multiple tabs. That being said, the platform feels very smooth, especially when zooming in and out of the charts (with the mouse wheel). Here is a preview:

The design is rather minimalistic, with all the options being available through additional menus. Some technical indicators are also available, although the list is not as extensive as those offered by most forex brokers. Candlestick charts are available, which can’t be said for all binary option providers.

Methods of Payment

The payment methods at IQ Option include Credit/Debit Cards, Skrill, Neteller, Giropay, Sofort and “many more”. We are not sure about the full lost of e-wallets but those seem to cover the most popular ones.

Conclusion

IQ Option is a CySEC regulated binary options provider. The company offers its services via a proprietary platform, which seems better than a lot of the ones offered by competitors. Interesting option types, like the digital ones are available. Tournaments are also a nice addition, which some clients may enjoy. Unlimited, free demo accounts are available, which is a rarity in the binary options world. Here are IQ options, pros and cons:

Pros Cons
CySEC regulation Negative user reviews
Relatively nice proprietary platform
High average payout
Tournaments available
Demo accounts available

Broker Advantages

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.

Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

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:
  • BINARIUM
    BINARIUM

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

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

Like this post? Please share to your friends:
How To Choose Binary Options Broker 2020
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: