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Best Binary Options Brokers 2020

Over the last several years, the number of binary options brokers has changed a lot. Binary Options so a boom in 2014 – 2016 and almost vanished in 2017. Many binary brokers have lost market shares as several large jurisdictions such as EU and Canada have banned retail traders from the binary trading instrument. There are still some brokers out there that are behind the times on our blacklisted brokers list, and these should definitely be avoided. It’s a far better use of your time to pick one of the top binary options brokers in the market.

Binary Options Brokers List

  • Broker Name
  • Min. Deposit
  • Min. Investment
  • Mobile
  • Rating
  • Trade
  • Review

It’s important that you are aware of where binary options, brokers, and the state of trading in general are right now, and that you 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 number of binary options robots and mobile trading applications that are available. Let’s take a quick look at these things so that you can help position yourself to get the best results possible over the coming months.

HOW TO: Find the Top Binary Options Brokers?

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 and top platform on their side.

That extra couple of percentage points when it comes to rates of return, the increased freedom in asset choice, and the specialised 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.

6 Things to Look for When Choosing the Best Binary Option Brokers

If you’re looking for a new binary options broker, you probably have questions about which one is the best. This is a valid question. Having the best broker on your side drastically reduces the amount of risk that you will have, and it ensures that your money is doing what you intend it to do.

A good broker won’t necessarily make you a profitable trader, but it will go a long way toward ensuring that you aren’t losing money needlessly. All traders have different needs, so it’s important that when you are looking for a new broker, you don’t just choose the one that everyone else says is great. You really need to look at your individual situation.

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. Before deciding the amounts you should take a look at our articles series covering the binary options basics.

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 unfavourable 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.

With that said, here is our list of the top things that you should look for when choosing the best binary options broker for you.

1: Legality

Is the broker that you are looking at legally allowed to operate where you live? Because of the internet, you can access websites from all around the world, but that doesn’t mean that you can just choose to work with any broker you want.

Before you decide which broker is best, make sure that they are allowed to accept traders from your country, and that your country or region of residence allows you to trade at their site.

For example, traders in the United States cannot legally use a broker regulated by the Cyprus Securities and Exchange Commission (CySEC), but need to stick with NADEX since they are regulated within the U.S.

24option is one the few brokers that has constantly stayed ahead of regulations to avoid fines and to keep their integrity intact. You can read more about them in our 24option review. 24option was originally operating in US, Canada and EU but was quick to stop this when advised to do so. Other binary brokers that launched at a later date took a different approach. In our OlympTrade review you will notice they never accepted customers in USA or EU simply because they didn’t believe it was worth the risk nor beneficial to obtain the licenses required in these jurisdictions.

2: Reputation

Some brokers have better reputations than others. You don’t want to deposit money with a broker that has a reputation for poor quality financial transactions, for example.

Even if you never experience a problem on this front, working with a broker that drags its feet when it comes to processing withdrawal requests is a dangerous thing to do. Also, not all brokers uphold the high standards that you deserve from your binary broker.

You want a broker that is fully regulated by a high-quality regulatory body. For example, the Australia Securities and Investment Commission (ASIC) in Australia, CySEC in Europe, the Financial Sector Conduct Authority (FSCA) in South Africa or the Commodity Futures Trading Commission (CFTC) in the United States are all considered to be the best regulatory bodies in their respective regions.

An unregulated broker might have pure intentions, but there is a much higher risk to your cash when you work with one.

3: Ease of Use

The broker that you decide to use should be easy to navigate. They should have a platform that you can use with ease and not make careless mistakes.

If you can, you should definitely try out the free demo account that your binary options broker offers. If you’ve never used a site before, there’s a chance that user error might come into play, and you could make a mistake. Testing out the site in a risk free setting with a no risk demo account using fake money alleviates the chances of this happening.

Also, all transactions with the site should fit your needs. We hinted at the need for smooth financial transactions earlier, but this is a must. Your broker should make it easy to put money in and get money out of your trading account.

The broker does need to follow the law when it comes to financial transactions, and you should not expect them to bend the rules for you, so knowing the regulations and what you need to do on your end to make transactions smoother will be an easy way to make this experience even more pleasant.

4: Returns

Some brokers return more than others. Even the difference of a few percentage points here or there can make a big difference over the course of time.

Let’s say Broker A offers 78 percent on the asset you like to trade most, while Broker B offers 80 percent. With all other things being equal, choosing the larger number can mean thousands of extra dollars in profits.

If you risk $50 per trade and make 1,000 trades in a year (less than 3 per day), you are potentially gaining $1,000 extra in profits over the course of time by going with the better return. Most traders make many more trades than this per year.

5: Educational Material

When your broker offers you free resources to help you become a better trader, you know that they are more likely to be on your side. These come in a lot of different forms: free eBooks, webinars, strategy videos, economic calendars, blogs, and news feeds are some of the more popular resources.

All of these things are available for free around the web, but having a broker supply them for you can make your life a lot easier so that you don’t need to search around and find the tools you need to improve.

Lucky for you, Binary Options University was created for this exact purpose. The website has one of the best binary options education sections you will find, full of all the guides to touch no touch binary options like you will need to become a successful trader.

6: Bonuses

Some brokers offer you a bonus when you make your first deposit. Although this can be helpful, it’s really the last thing that you should consider when choosing your broker. But why? Isn’t free money a good thing?

Yes, free money is nice, but that’s not quite what a bonus is. In fact, brokers want you to think of a bonus as free money to you because it is good business for them if you do so. Why wouldn’t you want an extra $500? However, because most bonuses are so hard to unlock, most traders never actually get to see their bonus cash.

Brokers require you to trade at least 30 times the bonus amount if you want to see your bonus returned to you. So, if you received a $500 bonus, you would need to trade $15,000 worth of trades before you could unlock your bonus. Some brokers even put a time requirement on this, after which the bonus cash disappears. A new trader without experience is very unlikely to receive this bonus because they will lose their money long before they ever reach that threshold.

A bonus can be nice, but make sure that it is not a priority when choosing your broker. Otherwise, you are just falling for a marketing gimmick. Be sure to check each of the steps listed above before you think about getting a bonus.  We generally don’t suggest trading with bonuses and instead you should take advantage of our free online binary option trading course.

HOW TO: Be a Better Binary Options 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 favourable, 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 the results you want.

It is always important to note here though, that all trading comes with some degree of risk and in reality, no guarantees of profit can be made. You can also become a more likely winning trader if you apply binary trading strategies instead of randomly pushing buttons. You will need to learn some basics expressions such as the meaning of itm and otm.

Below, we’ve listed 3 of the most highly respected brokers and outlined their advantages, disadvantages and who they will benefit the most.

Best Binary Options Brokers with Low Minimum Deposit

IQ Option is considered one of the best binary options, forex and crypto brokers out there right now. They are a regulated, award-winning company with a variety of exciting features to offer clients.

If you want to create an account with IQ Option, you can do so with as little as $10 or even open a free IQ Option 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 over 500 different assets in options, stocks, forex, crypto, indices, commodities and ETFs and a variety of different ways to trade them.

IQoption broker

Be sure to get a strong feel of the IQ Option platform to help avoid potential trading mistakes. This makes sense whether you use the binary options demo or not. If you have any questions, you can always contact their customer service department that’s available 24/7. As you grow as a trader you will realize how well the platform performs and understand why IQ Option is considered the best binary options broker. 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.

IQ Option does not accept traders from the United States, Canada, Australia or Japan.

They are regulated by one of Europe’s largest regulatory financial bodies, the Cyprus Securities and Exchange Commission (CySEC). If you are located in or outside 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.

For more details read our full IQoption review.


NADEX: The Perfect Choice for US Traders

Nadex ReviewNADEX is one of the only CFTC regulated exchanges offering binary options. 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 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.


Binary.com: The Top Binary Options Broker

Binary.com is the best binary options broker in the market with a minimum deposit of only $5. This is the lowest minimum deposit we could find on one of our most recommended trading companies.

Besides binary options trading, Binary.com also offers over 100 different tradable assets in forex, crypto, CFDs, Metals and look-backs. The company also offers a free demo account where you can practice trading before investing any real money.

Binary.com Binary Broker

Binary.com is a regulated and award-winning company that we would fully recommend to all traders. Keep in mind that binary options are prohibited in the EU, so you will not be able to trade binary options with Binary.com if you are in the European Economic Area.

Binary.com does not accept U.S traders.

The binary options broker offers a variety of platforms you can trade in for both PC/laptop and mobile devices, including the infamous MetaTrader 5 (MT5). You can trade regular binary options allowing you to short the market in case you are looking for higher risk trading or day trade in a bear market.

For more details read our full Binary.com review.



HOW TO: Find the top 5 binary options brokers?

Answer: Take a look at our binary options broker list! The top 5 brokers have partnered with us and we recommend trading with to avoid trading with brokers known for cheating their clients and delaying payouts. You can read more here about binary options payout.

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 unfavourable 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 the blacklisted brokers.


Best Binary Options Brokers for Beginners

IQoption BrokerIQOption 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 75 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 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 choice for US traders

Nadex is one of the only CFTC regulated exchanges offering binary options. 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.

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.