Best Binary Options Brokers
Binary options are becoming an accepted part of the financial instruments available to be used by traders around the world. You can trade these options ( using the services of binary options brokers ) in the hope of getting a good rate of return or you can trade them to help offset any risk from your main stock market trades. This can be particularly useful when purchasing a large volume of shares. To avoid losing everything if the shares crash instead of rising in price, you can buy an option which states the value if the shares will go down. If it does you will get back the binary option trade and profit, if it goes up like you hope then the additional share value will provide you with a profit.
Binary Mate Review
|Min. deposit: $250|
Min. invest.: $1
Trading: CFD, Forex, Binary
|Min. deposit: $250|
Min. invest.: $24
Trading: CFD, Forex, Binary
|Min. deposit: $250|
Min. invest.: $10
Trading: CFD, Binary
|Min. deposit: $10|
Min. invest.: $0.10
|Min. deposit: $250|
Min. invest.: $1
IQ Option Review
|Min. deposit: $10|
Min. invest.: 0%
|Min. deposit: $250|
Min. invest.: $25
|Min. deposit: $250|
Min. invest.: $10
- What Is A Binary Broker?
- Binary Options Brokers As The Risk Factor
- Regulatory Bodies For Binary Options Brokers
- Best Binary Options Brokers Selection Criteria
- Canadian Binary Options Brokers
- Australian Binary Options Brokers
- US Binary Options Brokers
- UK Binary Options Brokers
- New Zealand Binary Options Brokers
- European Binary Options Brokers
- Malaysian Binary Options Brokers
- Philippines Binary Options Brokers
- South African Binary Options Brokers
- UAE Binary Options Brokers
- Indian Binary Options Brokers
What is a Binary Broker?
The whole binary options trading industry is one of the newest known ways of profitable online investing, so the market analysts have to answer the question "what is a binary broker" rather often these days. Speaking in general, binary options brokerage companies provide their clients with financial services in order to connect them to the binary options market. This includes the provision of a binary trading software (special platforms),binary trading signals, customer support services, etc. Binary options brokers in contrast to their Forex colleagues don’t charge investors with any fee or commission during the trade.
How do binary brokers earn?
In order to understand what is a binary broker, you should also grasp an idea of how do they earn money. Just an example for your understanding. Let's suppose, you've placed a bid and your prediction turned out to be correct. In this case you'll receive not only your money back, but an extra 85% payout as well. The residual 15% is the profit of your broker. As you can see, a brokerage company's goal is to ensure you're profiting since under these circumstances it makes money itself.
How to Avoid Scam Brokers?
Unfortunately, the existence of scam brokers is a reality of this market too. The favourite trick of these fraudsters is to withhold traders' withdrawals until the similar money amount is reinvested back into their platform. The best way to avoid scam brokers is to search for user reviews and testimonials available in web or to check, whether the broker is regulated.
Terms and Conditions Section and Demo Account
Another important advice we would like to give the beginners. Please, pay attention to terms and conditions section available on the official website of brokerage company you chose to collaborate with. You can also start your trading session with a demo account, which means you won't spend your real money for trades. This is a great training option as well as a nice possibility to check all the features of a broker before investing real funds. Not every binary broker offers a demo account options, but the best ones definitely do.
Binary Options Brokers As The Risk Factor
However, there are additional risks involved in binary options trading as it is not fully regulated. There is not yet a single regulator for binary options brokers across the globe, although there are far more people trading as it has become easier to access the markets and binary trades through the power of the internet. There are several binary options regulatory bodies which have been formed, but each one covers a specified geographical area and can only monitor binayr options brokers within their designated area. Their regulations are designed to protect the traders as well as ensure all binary options brokers play fairly.
Regulatory Bodies For Binary Options Brokers
The main regulatory bodies for binary options brokers include CySEC which is based in Cyprus and cover Cypriot registered businesses. The UK also has its own regulatory body as does the US. In fact, the US has the strictest regulations of any regulator in the world; any US focused binary options broker must follow these rules or face harsh punishments. The regulators help to keep the average trader safe but there are still plenty of foreign registered binary options brokers which may not be reliable enough.
There is also a variety if laws which make it impossible for some traders to work with certain binary options brokers. This may be because the trader is not properly regulated and could take your funds and not provide the proper rate of return.
How Do You Know If Your Binary Options Broker Is The Best?
At first glance there may appear to be an obvious list of top binary option brokers all of whom offer a dazzling array of services. However, binary trading is different for everyone. It will depend upon your level of experience, the finances you have available and even the risks you are comfortable taking. It is for this reason it is difficult to create a list of top binary option brokers.
Best Binary Options Brokers Selection Criteria
In the same time is possible to look at the services they offer and break the brokers down in to which type of customers they are targeting. Every binary broker will offer the following basic services:
Binary Options Trading
You will have the ability to trade on the binary market; the top binary option brokers will have an impressive array of assets and trade types which you can indulge in. However, as a new trader you will probably wish to stick to the price direction type of trading.
Binary Options Accounts
It is common for binary options brokers to offer various levels of accounts including so called binary options demo account; these are usually based on the amount of funds you are prepared to deposit. The larger the sum the higher the account level and the more benefits you will receive.
Binary Options Education
Most brokers recognize that for you to continue to trade in binary options and with them specifically then they need to provide a means for you to learn more about the trading types and strategies. This will improve your ability to successfully win trades and generate funds.
This is a vital part of any broker’s service. You will need to contact them at some point and a prompt response from their customer service team can make a huge difference to you when dealing with a specific issue. The best option is to be able to contact them via live chat, although most brokers also have telephone and email options. Some brokers will even offer this service in a variety of languages.
InvestManiacs has selected the legitimate binary options brokers and prepared the ultimate list of best binary options brokers, tested and regulated - we believe it should help you to choose one which suits your needs.
Canadian Binary Options Brokers
Surprisingly Canada does not have a regulatory body dedicated to binary options trading. The country is split into ten separate areas; known as provinces. Each of these has their own set of rules and regulations regarding binary options brokers in Canada. The only financial body, the Investment Industry Regulatory Organization of Canada has no jurisdiction over online trading!
The result is a complex minefield which would need to be navigated by any broker wishing to be based in Canada and offer their services to all Canadian residents. As Canadians are free to choose from all the offshore brokers offering their services most brokers have chosen simply to register in Europe and offer their services in Canada; thereby avoiding a huge amount of red tape as they try to satisfy the criteria of all ten provinces.
Binary Options Brokers Australia
Australia has seen a boom in binary options trading and this shows no signs of abating. Although it is not illegal to trade in binary options there are currently no binary options brokers in Australia registered to offer their services. There is a government body, known as the Australian Securities and Investment Commission but as brokerages based outside of Australia can freely offer their services inside the country there is little need for the additional registration.
Although the number of brokers who are registering with the ASIC is increasing, it is acceptable to choose any broker to start trading. There are many with excellent reputations based in Europe and regulated by CySEC which are happily being used by Australian residents. Whichever option you choose it is important to check the reputation of the broker before you commit to an account.
US Binary Options Brokers
The US has two government approved and backed bodies dealing with binary options trading. The first of these is the Commodities Futures Trading Commission and the second is the National Futures Association. The current guidelines and rules in operation in the US do not forbid anyone offering services to US residents. However, they are designed to heavily protect a US resident. IF a trader places a dispute with any broker then the broker is likely to incur a fine from, the US government body and penalties ranging from a ban on trading inside the states to the closure of the brokerage.
This has culminated in two options for US residents. They can choose to use a broker who is properly registered in the US and based there. They will comply with all US regulations. Alternatively a resident can use an offshore broker who is not subject to the same regulations and may prove to simply be a scam.
Using binary options brokers in the US means that you are likely to be dealing with a firm that offers the best possible service. However, it is still important to verify their reputation before you commit any funds.
UK Binary Options Brokers
Residents in the UK can access the services of almost any broker. This is because they are currently part of the European Union and any CySEC registered broker is legally entitled to offer their services in the UK. There are also brokers who are registered in the UK and comply with the rules and regulations imposed by the Financial Services Body in the UK.
It is even possible to choose a broker from outside of Europe although with the number registered in Europe and the protection offered by CySEC it is advisable to choose one which is already Europe approved. Again the proper checks should be carried out before you decide on any broker.
Binary Options Brokers in New Zealand
Despite the size of this country there is a huge interest in binary options brokers New Zealand. This is simply because of the possibilities and potential which is offered by binary trading. In fact, the interest is mainly recent and the binary industry is just becoming established in New Zealand. This means that you should be especially careful when choosing the right option for your trading needs.
Binary options brokers in New Zealand will need to comply with the Financial Markets Authority; this supervises a wide array of financial services including binary options. Registering with this body means complying with their regulations and maintaining the strict standards set by them. Failure to comply will mean the loss of the broker’s license to trade. Part of this process is ensuring a brokerage has adequate funds and offers a fair service to all New Zealand residents.
The strict regulations mean that there are not yet many approved brokers. The ones which are approved will give you peace of mind. The alternative is to use a binary options broker based in the UK or even Europe. These are also regulated but should be checked before investing with them. They are seen as being slightly higher risk than a New Zealand based broker but still offer a worthwhile investment opportunity.
European Binary Options Brokers
CySEC is probably the most famous and largest governing body for binary brokers anywhere in the world. It is also the organization which supervises binary options brokers in Europe. There are strict processes which must be complied with to receive a license from this body. The broker will then be able to offer their services anywhere in the European Union. This means there is a huge market available to brokers and a massive incentive to register with CySEC.
It is possible for European residents to choose to use an alternative broker. The result is a massive choice of brokers; the real decision is what you wish to receive in return for signing up to an account with one of these brokers. Of course, the more brokers there are the higher the risk of brokers which are out simply to get your funds. This means it is advisable to research and check any broker you are considering using before you start using them. There are an abundance of sites offering advice regarding the best broker; you simply need to focus on what is best for you.
Malaysian Binary Options Brokers
This is one type of trading which has developed a large following in Malaysia. Providing a broker is registered with one of the two government bodies it is trading legally and should be fully licensed whilst complying with all relevant regulations.
The two bodies are the Securities Commission of Malaysia and the Bank Negara Malaysia. Unfortunately, despite the number of traders interested in locating binary options brokers in Malaysia there are not currently any. The probable reason for this is the abundance of brokerages in Europe and even Australia. Anyone living in Malaysia can access these services and legally use a CySEC or similarly regulated broker.
Binary Options Brokers Philippines
Trading binary options is not for everyone. You must learn how to trade and which binary options strategies are most effective for your trading style. It is also essential to locate a properly registered and licensed binary options broker. This ensures you will be given access to fair trades and have a good potential to generate an income. Most countries have their own regulatory body and the Philippines are no different. The Securities and Exchange Commission of Philippines is the body which monitors all financial activities; including binary options. They will confirm that any brokerage approved to offer services in their country are offering a legitimate and fair service.
Although there are not many firms offering this service and based in the Philippines, it is possible to trade with one of the brokers who are based in other parts of the world and are properly registered. Firms registered with CySEC are exceptionally popular as they are regulated and offer a first class service. This has ensured that despite the lack of binary options brokers Philippines there is a healthy market in existence in the country.
South African Binary Options Brokers
The financial markets in South Africa are exceptionally strong and have welcomed the addition of binary trading. In the recent past binary option brokers in South Africa could offer their services without needing to comply with any regulations. This is no longer the case. South African Financial Services Board now oversees all binary trading and has even created a dedicated body known as the Financial Advisory and Intermediary Services Agency to make sure all brokers offer a fair service.
Anyone based in South Africa can choose from a locally based and properly registered broker or from one of the European counterparts who are legally entitled to offer their services in South Africa. This leaves the options open for you to choose the broker which offers the best package and most suits your needs.
UAE Binary Options Brokers
Dubai and the UAE have grown impressively over the last decade. Their financial markets now rival some of the biggest in the world. The Dubai Financial Services Authority shows fifty seven businesses listed and the majority of these are actually based inside the UAE. It is interesting to note that this body stands separately to the UAE. All other brokers are supervised the Central Bank of Dubai or the Emirates Securities and Commodities Authority.
The UAE has a volatile but stable economy offering a wide range of options for the experienced investor who doesn’t mind high risk trades. These can be the most lucrative!
There is massive oil and petroleum based product reserves in this area making it a rapidly growing and improving area of the world. To benefit from the opportunities available it is best to choose an approved broker now and start trading. Two important points to note include the fact that this market is closed on Fridays and Saturdays and brokers based here or approved to offer their services here will have Islamic trading accounts available. This is certainly one opportunity which should not be missed.
Binary Options Brokers in India
India is open to binary options brokers from all around the globe. This means you can choose from any of the best brokers and start trading. However, the downside of this is that the choice of brokers is simply huge. This is a personal choice based upon the trades on offer, the bonuses and even the finances required. It is possible to consult the Securities and Exchange Board of India. However, although they are responsible for binary options brokers in India there are not currently any registered as residents are happy to use the European offers which are CySEC approved.
One way of choosing the right broker is to locate the ones with small initial deposits. Many ask for as much as $250 which can be a significant sum in India. It is more feasible to start trading with a lower limit. There are plenty of brokers offering good rates of return and low deposits; you will simply need to look for them.