Our Latest Brokers List for 2017
Binary Options Brokers 2017
Over the last several years, binary options trading has grown from a small, obscure section of the market to a huge, respected, and profitable form of trading. There are still some brokers out there that are behind the times, though, and these should be avoided. Either they will improve their services to meet current trends and needs, or they will fade away. It’s a far better use of your time to just pick a better broker.
That’s where we come in
As we go from 2016 into 2017, it’s important that we are aware of where binary options, brokers, and the state of trading in general are at, and that we have a good idea where things will be going in the near future. One of the biggest features that has changed over the years, are the amount of signal services that are provided, as well as all the mobile trading applications that are available. Let’s take a quick look at these things so that you can help position yourself to make more money than ever over the coming months.
What To Look For?
You want to choose a top binary options broker. This is the best way to help yourself succeed. Even a great trader can lose money if they don’t have a great site on their side. That extra couple of percentage points when it comes to rates of return, the increased freedom in asset choice, and the specialized exotic options all contribute toward giving you a better chance of making money. If you trade $100,000 per year, and can increase your profit rate by 2 percent, you’ve suddenly made an extra $2,000 per year–just by picking a better site.
Below, we’ve listed a few of the most highly respected brokers and outline what it is that is good about them, what’s not, and who they will benefit the most. We’ll break down the reviews into three main groups: deposits, demo trading, and customer service.
We Think 24Option is the Best in the Business
24Option has been at the forefront of the binary industry for a few years now. As they expand their product line, 24Option maintains this ranking. They have recently added a third party trading alerts section that allows you to receive a signal service like recommendation on what to trade and when. They also offer mobile trading. They are CySEC regulated, and have a great reputation within the EU.
24Option Deposit Options
The minimum deposit here is $250, although U.S. customers are currently not allowed because of CySEC regulations. Deposits can be implemented almost immediately and within 3-5 days you can receive your withdrawal upon full account verification. All information is encrypted and kept private. You can deposit with a wire transfer, a credit card, or through some online wallets.
Demo Trading with 24Options
24Option does have a demo trading account available, but you will need to special request it from customer service. They tend to stay open for only 72 hours. It’s not much time, but it’s enough to get a feel for the site and their software.
24Option places a heavy emphasis on trader support. Without their traders, they don’t have a business, and their philosophy shows this mindset. There are three main ways to contact customer service: phone, email, or direct online chat. Online chat is probably the fastest way to address any issues that you have, although phone and email can often provide more in depth answers to your questions.
Banc de Binary Could be the Biggest
Banc de Binary has been in the news a lot over the last few years because of proceedings begun against them by the U.S. government. However, they are still a reputable broker with thousands of currently satisfied clients. They have relocated offices to comply with regulations, and have improved their services, too. They’ve been around longer than the majority of other binary brokers, and for good reason.
Use Multiple Deposit Choices
The minimum initial deposit here is $250. Although they do not currently offer accounts to U.S. based traders, most other individuals are capable of opening and funding accounts. They are CySEC regulated and fully secure with SSL encryption. The big benefits come when you open an account of $5,001 or more. This gives you extra perks, better bonuses, trading managers and analysts, and so on.
Demo Trading is Available
Banc de Binary does offer demo trading accounts to all customers that make a qualifying minimum deposit. These accounts do not stay open forever, but they’re a good way to get a feel for the broker. You can always withdraw your deposit later if you feel that the site is not right for you after using their demo services. So, while a deposit is necessary for demo trading, the service is still free to use.
Customer Service Works Well
Banc de Binary has great customer service. Online chat is the fastest and most efficient way to connect with help, but you can use phone or email, too. There is often a delay with email, so urgent in depth issues should be addressed by phone.
HOW TO: Find the best broker
Each person will have different needs when it comes to a broker. Before you begin your search, decide what you want to trade, the timeframes over which you’ll trade it, and your basic amounts. Next, find a place that caters to traders in your area, meets all of your requirements, and has high rates of return. This will give you a basic framework for starting your search. Avoid sites that are gimmicky or have unfavorable conditions for their traders. These might not be outright scams, but they are certainly not there to help you make money. There’s a difference between running their business and swindling you out of your cash. Make sure you read about our blacklisted brokers.
HOW TO: Be a better trader
Start with the tools you have readily available. Some places have signals services, some have demo trading, and the vast majority of them have educational resources. Some even have trading advisors and managers to help you get your trading to the next level. If you’re offered bonuses and the terms are favorable, take advantage of them when you can. Getting a little extra help, either by increasing your knowledge, getting extra money, or just having a better rate of return will all help you keep increasing the size of your account. There’s no quick and lasting way to get rich doing this, but small steps consistently taken in the right direction will eventually get you there.
IQOption is Becoming a Favorite
IQOption is one of the newer binary options brokers out there right now, but they have a lot of different features to offer clients. If you’re trying to find a new broker, or just curious about what IQOption has to offer, this brief overview is for you.
If you want to create an account with IQ Option, you can do so with as little as $10 or even open an IQ demo account. Their minimum trade amount is just $1, but if you want, you can fund your account with more and trade in larger increments. They offer more than 500 different assets, and a variety of different ways to trade them. They have the traditional call and put options, ranging down to 60 seconds before expiry. Because this broker is located in Europe, they have a heavy focus on European stocks and indices, but they also have a handful of the major assets that are based out of other regions in the world.
Be sure to get a strong feel of the platform to help avoid potential trade mistakes. This only makes sense whether you use the demo or not. If you have any questions, you can always contact their customer service department. As you grow as a trader you will realize how well the platform performs.
Also, by learning all the right ways to deposit and withdrawal money will help when it comes down to it. Getting all the important documents to them early will help make it a lot easier when it comes to taking money out.
IQOption does not accept traders from the United States, Canada, or Japan. They are regulated by CySEC, one of Europe’s largest regulatory financial bodies. If you are located in the EU, you should have no problems creating an account with this broker if that’s what you determine is best for your style of trade. However, outside of Europe, IQOption is not considered a regulated broker.
Nadex is the Perfect Broker for US Traders
Nadex is the only binary options provider that is completely regulated in the United States by the CFTC. This broker is based out of Chicago, Illinois, and they are one of the standard bearers in the world of binary options trading. Founded in 2004, and then rebranded in 2009 under their current name, Nadex is the go-to choice for binary traders based in the U.S.
In order to fund your Nadex account, you will need to make a minimum deposit of at least $250. You can use a debit card, bank transfer, paper check, or wire transfer to make your deposit. Depending on the trade you want to make and the profit levels that you are looking for, you can make trades for as little as $1 in some instances. Withdrawals are processed in the same way, except they do not currently allow debit card withdrawals.
Nadex offers free and unlimited use of their demo account. Most brokers limit the time that you are allowed to demo trade to about 3 days, but Nadex has a much stronger focus on the success of their traders. They want traders to succeed because when their traders succeed, they are also successful.
Are you interested in mobile trading? Read our Nadex Review. They offer for both iPhones and Android devices. This is beneficial to some traders, but not to all. If you want to be a successful binary options trader, you need to be able to have a strong ability to discern good decisions from bad ones, and oftentimes, the ability to make more trades isn’t necessarily a good thing. Nadex offers their clients tools geared toward helping them to make money, but you will need to make your own decisions about what is best for you and address the risk that is associated with trading on your own.
Although we have our top sites listed above we still have so many other brokers to choose from. Listed below are some other regulated brokers you can use. Some providers work with only certain customers. We will try to give you the leading countries for each broker based on the reviews we gathered.
|Top Brokers||Deposit||Country||Read Review||Trade Now|
|HighLow||$10||Australia||HighLow Review||Start Trading|
|Daweda Exchange||$100||European||Daweda Exchange Review||Start Trading|
|Anyoption||$250||European||Anyoption Review||Start Trading|
|StockPair||$250||European||StockPair Review||Start Trading|
|Binary Capital Markets||$250||European||Binary Capital Markets Review||Start Trading|
|Opteck||$250||European||Opteck Review||Start Trading|
|TopOption||$250||European||TopOption Review||Start Trading|
|IG||$200||Japan||IG Review||Start Trading|
|BDSwiss||$100||Suisse, Germany||BDSwiss Review||Start Trading|
|BetonFinance||$100||Denmark||Betonfinance Review||Start Trading|
|OxMarkets.com||$250||European||OXMarkets Review||Start Trading|
|BullBinary||$250||European||BullBinary Review||Start Trading|
|365Trading||$50||European||365Trading Review||Start Trading|
|Core Liquidity Markets||$250||Australia||Core Liquidity Markets||Start Trading|
|Binary Brokerz||$250||Not Regulated||Binary Brokerz Review||Start Trading|
|Boss Capital||$200||Not Regulated||Boss Capital Review||Start Trading|
|Option Fair||$350||European||OptionFair Review||Start Trading|
A lot of people get really confused when it comes to binary trading. We are trying our best to help your transition a lot easier. Always remember the risks you put your money in when participating in this type of investing.