The Best Binary Options Brokers for 2022.
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After receiving a seal of approval from the US Securities and Exchange Commission in 2008, binary options trading became more popular among retail investors both in the US and elsewhere. But this also led to a growing list of trading platforms, making it harder to identify trustworthy binary options brokers.
While finding a trustworthy broker is a necessity in any trading branch, this is especially important when it comes to derivative assets such as binary options. To help you find the right broker, we’ve looked at dozens of options and identified the best of the best. Keep reading to learn more.
Pocket Option.
Established in 2017, Pocket Option is a Marshall Islands-based company offering one of the best binary trading platforms. Offering more than 100 assets to trade and a long list of convenient payment methods, Pocket Options has already served more than 10 million users from over 95 countries. Read Review.
• Low minimum deposit requirement • High payout rates • Excellent variety of technical tools.
Raceoption.
Raceoption is a relatively new binary options broker with a solid reputation. The company offers lucrative signup deposit bonuses and has a great-looking platform. Raceoption is part of the Finance Group Corp or FGC and Suomen Kerren and doesn’t provide any services on US territory. Read Review.
• Up to 100% deposit bonus • Low minimum trade size • Weekend trading.
Binarycent.
Binarycent is another binary options trading platform based in the Marshall Islands. The platform stands out for imposing low minimum investment requirements for trading binary options and short expiry times along with high payout rates. Read Review.
• Low fees and commissions • Lots of educational materials • 24/7 customer support.
IQ Option.
Headquartered in Saint Vincent and the Grenadines, IQ Option is a well-known and trustworthy binary options broker. With high binary payouts in case of a correct prediction, no hidden fees, and a small minimum deposit, IQ Option is a great choice for people looking to get into binary options trading. Read Review.
• Forex, stock, crypto, commodities and ETF trading • High binary payout • Available in many countries.
Quotex.
Quotex is a trading platform that enables users to profit from the world’s leading markets. They can trade various assets, including commodities, forex, indices, crypto, and stocks. Quotex also provides over 400 free tools to each client so that they can make informed decisions about their trades. The company is based in Seychelles and is regulated by the International Financial Market Relations Regulation Center or IFMRRC, which strives to ensure secure investor transactions. Read Review.
• Excellent educational resources • Wide range of trading tools • User-friendly platform.
Deriv.
One of the pioneers of binary options trading, Deriv has a long, storied history that stretches back to 1999, when it was called Binary. The site is regulated by four different government bodies from Malaysia, Malta, and Vanuatu. While it doesn’t operate on US territory, people located in most other countries can expect a great experience on Deriv, thanks to a wide selection of financial instruments and a powerful platform. Read Review.
• Selection between multiple platforms • Quick withdrawals • Trading on raw metals and synthetic indices.
CX Markets.
CXMarkets is a US-based company and one of the top-rated exchanges for US traders. The platform operates under the supervision of the Commodity Futures Trading Commission (CFTC) and works with binary options, weather forecasts, Forex, and precious metals. Read Review.
• Relatively low fees • Flexible trading options • Huge knowledge base.
Nadex.
Operating since 2004, Nadex is a US-based exchange for online binary options, call spreads, and knock-outs. Headquartered in Chicago, Illinois, this provider is regulated by the Commodity Futures Trading Commission (CFTC). Read Review.
• User-friendly software • Excellent market variety • Useful demo account option.
Finding the Best Binary Options Brokers.
With the binary options market rapidly expanding, there are dozens of platforms for this type of trading on the web. While some exchange websites are regulated and completely reliable, there are just as many online options trading platforms that are risky or even operating illegally.
If you are on the hunt for the best place to invest in binary options, make sure to take the following criteria into account.
Regulation.
Regulated binary options brokers in the USA typically hold licenses issued by the same agencies as platforms offering other types of options trading. Regulatory authorities with a significant presence in the United States are the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC). Note that some exchanges may operate under the supervision of a UK licensing agency or an authority located in other parts of the world.
Binary options brokers around the globe also need to abide by country-specific regulations in order to operate legally, but they might not require a specific license like in the US. In our reviews, we’ll note whether the broker in question has a license and in which countries their service is available.
Given that there are still many unregulated brokers within the industry, make sure that the platform you’ve chosen for your binary trading endeavors is entirely safe and secure.
Underlying Assets.
So what are underlying assets when it comes to binary options, you may wonder? In this context, an underlying asset is an instrument you choose to bet on. In other words, you select a financial product and predict whether its price will increase or decrease over a set period. While some exchanges may offer more than 100 underlying assets, the most common instruments include cryptocurrencies, Forex, stocks, indices, and commodities.
If you’d like to speculate on the price of a specific underlying asset, make sure that you opt for the best binary options software that will meet your requirements. You may also benefit from a platform with a wide range of financial products on offer.
Account Minimums and Fees.
When comparing online trading platforms, one of the first things you should check is the minimum amount the platform expects you to invest. This is especially important if you're new to the world of binary options trading. Account minimum requirements can range from a few dollars to several thousand, depending on the site’s policies.
If you don’t want to risk more than a few hundred dollars, don’t feel pressured to invest more than you can comfortably afford - make sure to choose a binary options low-deposit platform. On the other hand, if you aren’t a complete beginner and are hoping for a higher payout, we suggest you look into solutions with higher initial deposit requirements.
Moreover, don’t forget to examine brokers’ fee schedules. Make sure that you understand what the minimum trade amounts imposed by different platforms are. Some brokers, for example, may require minimum trade amounts of $20. Others, however, may let you enter a trade with just $1.
Payouts.
As you look for the best binary options broker, remember to look at different sites’ payout rates and expiration times. Note that some brokers place caps on the amounts users can withdraw from each payout, such as $2,000 or $15,000. Other platforms charge fees on each end of the trade, leaving you with a maximum payout of 85% or 90% of your total profit.
