Binary Options Brokers are the backbone of the binary options industry. It’s crucial to register with a trust worthy broker when it comes to money. As the binary options industry has been growing rapidly in the recent years, so are the number of rogue brokers out to scam people of their hard earned money. Some binary options brokers in the past did not follow the trading regulations which caused panic among the traders. Our goal is to evaluate the binary options brokers, scrutinize their credibility and keep a short list of recommended elite brokers. When we see a red flag, we are the first ones to alert the subscribers. Be sure to subscribe to our blog so we keep you posted of the latest industry news and scam alerts.
Without further ado, here are our Elite Brokers for trading binary options. We hope the breakdown on each broker would facilitate with your decision making process. Feel free to contact us below with any further questions.
Brokers accept ALL countries including US
Binary Options Brokers accepting countries – No US
Now that you have details on each broker, let’s see what other criteria to look for.
- One vs. multiple brokers – Field testing
You might be wondering “should I go with one broker?”. If you have a small amount of money, then definitely yes. If you have a decent size of initial money, then split it with atleast 2 binary options brokers (or more if you like) as long as you meet the initial deposit requirements or any bonus you might be eligible for. When you diversify the brokers, there are quite a few number of advantages. You get to field test your experience with different brokers – their user interface, payouts, deposit and withdrawal process, training, their support. Finally, here’s the big one. If there are any technical glitches with the platform or location or any other kind with one broker, all your egg is not in one basket so to speak. You still get to capture the money making opportunity with another broker. How’s that?!
2. Welcome bonus
Welcome bonus are very attractive. But be aware of the terms and conditions for accepting the bonus. If you are able to afford the initial deposit to take advantage of the welcome bonus, you instantly gain more trading volume with additional money. That also implies more practice and more potential profit you earn from the additional bonus money as a trader. Most of the brokers require a volume trading before your funds are released to you. Do check with the binary options brokers of restrictions or Terms and Conditions of their promotion or bonus.
3. Risk Free trades and payout
Many brokers allow for risk free trades on a qualified deposit or account type. The risk free offer could be based on either number of trades or a time expiration. What this means is they would refund any trade losses or a % of loss on your trades. Make sure to check with the broker on the details. Every binary options broker offer different payout % on different assets and different option type. Payout is your actual profit incurring from each trade so make sure to get the best payout for the asset type you will be trading.
Hope this article provides sufficient information to make an informed decision. We are here if you have any other questions you are curious about. Check out our Signals recommendation who also provide combined broker and signal service on a trading platform. Last by least be aware of the Scams.