3 Best Binary Options Brokers Of 2022.
Binary options trading has become one of the most interesting and lucrative schemes for traders out there. Being easier to understand than other options, online binary trading has helped many low-skilled traders to earn some extra bucks.
While some trading platforms have higher payouts, others might have higher deposit bonuses. So, picking the right platform can be tricky, especially for beginners.
That’s why we’ve selected and reviewed some of the best binary option trading platforms for you. Check them out!
Our Top 3 Picks For The Best Binary Options Trading Platforms In 2022.
Pocket Option – Overall Best Binary Options Trading Site, Editor’s Pick Binary.com – Recommended For Variety Of Trading Features IQCent – Top Rated Site To Get Brokers For Copy Trading.
#1. Pocket Option – Overall Best Binary Options Trading Site, Editor’s Pick.
At the top of our list of best binary option trading platforms is Pocket Option. It was launched in 2017 by a team of FinTech and IT experts who had the sole objective of providing their customers a convenient and accessible platform for binary trading.
Since then, they have successfully acquired more than 100,000 customers from over 95 countries across the globe. The platform has received decent reviews from experienced and new traders.
Almost all users have loved their easy-to-use interface layout and trading functions. They also appreciate the free demo account that is available to experiment with the platform’s features.
The reasonable initial deposits also set the site apart.
Highlights.
Further, the company operates with a license from IFMRRC (International Financial Market Relations Regulation Center), so no need to worry about your money’s safety. If you are looking for a comprehensive platform that covers the trading circles of the US and Europe, this is the one.
The minimum deposit amount is extremely reasonable, making the platform well-loved among customers. After your account setup is done, you can deposit an amount of $50 or higher to get started.
Having a low minimum withdrawal amount of $10, you don’t need to earn lots of profit for a payout. The site offers you the flexibility to manage your income, withdraw or continue investing in binary trading options.
The ease of use pocket option offers everyone makes the platform an excellent choice for beginners who don’t have much experience in binary options trading.
The site has received praise for its tutorials and educational guides to help out beginners. Most traders stated that the platform made binary trading way easier for them.
Along with all this, Pocket Option also has convenient mobile apps so that you can always have quick and easy access to your binary options.
The platform allows you to open a demo account and start trading with virtual money. It allows users to experiment with website features and get accustomed to binary options trading.
It offers you excellent trading options, including stocks, cryptocurrencies, commodities, and currency.
Their services also include more than 100 payment options, with no commissions on withdrawals or deposits. After creating your trading account and verifying it, you will get many convenient deposit options to pick.
Another reason beginners love this platform is their educational resources. The platform offers you guides and tutorials on trading strategies for optimizing your investments and gaining the most out of each trade.
That’s not all! Pocket Option allows you to use cashback for a more comfortable trading experience which is also less risky. It offers you maximum comfort while investing your hard-earned money.
Plus, they offer you up to a 100% bonus when you open your trading account, which also separates them from other sites.
Pros.
Tutorials and guides for beginner traders The demo account offers flexibility to try out services Low minimum deposits and withdrawal amounts Variety of binary trading assets, including stocks and cryptocurrencies Hassle-free withdrawals and payment systems.
Cons.
The platform’s charting functions are too limited More chart interactivity and rollover features required.
#2. Binary.com – Recommended For Variety Of Trading Features.
The last binary options trading platform on our list is Binary.com an award-winning company with decades of experience. They have been in the market since 1999 and follow a very simple and straightforward approach towards offering trading services.
Coupled with an excellent web interface, they have a host of other features to attract potential traders. Also, they segregate their trader’s funds and store them in esteemed institutions. So, no worries about regulation and security.
Over the years, the platform has received multiple awards for its ease of use, flexibility, and high-quality services.
If you have any sort of concerns regarding where and how to utilize
binary option copy trade, you can call us at the website. So, here you’ll find the perfect trade according to any market condition. It also helps you to understand how much you will gain or lose while participating in a trade.
Highlights.
The company has been regulated and licensed in Malta and the British Isles since 2015. In Europe, the platform is regulated by the MFSA (Malta Financial Services Authority); it operates under the name Binary Investments Ltd.
For clients who want to open a CFD Metatrader 5 or FX account, the platform is regulated by these three bodies – Vanuatu Financial Services Commission, Labuan Financial Services Authority, and British Virgin Islands Financial Services Commission.
Minimum Deposits and Withdrawals.
As the minimum deposit amount is reasonable, the platform is more suitable for casual traders and beginners. There are plenty of deposit and withdrawal processes, so you need not worry about that.
The minimum deposit and withdrawal amount depend upon the payment modes:
Credit cards – $10 E-Wallets – $5 Wire transfer – $500 User Experience.
Over the years, the top-class trading services offered by the platform have allowed it to gather tons of positive reviews. Most users loved the diversity of functionalities in the account types.
You get to browse more than a hundred markets, including Forex, crypto, and CFD. The sign-up process is convenient, and the platform follows the handholding approach to help you understand functionalities.
All the withdrawal and transactional processes are smooth. You can open accounts using your email address. However, there are no bonuses on account opening.
A virtual account is offered for those who want to try out the platform and how binary options trading works. The company will put a sufficient amount of virtual credit in this account, which you can use to trade.
Once you’re accustomed to the platform switches and want to gain some real cash, you can register for your official account.
The platform offers TradingView, technical analysis, and charting functionality that helps you analyze the current markets.
Then, you also get SmartCharts, which enables you to study the financial markets using interactive visualizations and trading tools.
Categorized Trading Services.
Binary.com has other amazing functionality that they categorize into two sections – beginner and advanced. You get the following features under the beginner section:
Deriv.com – A simple online trading interface SmartTrader – A high quality international binary options trading platform Tick Trade Android App – An excellent mobile trading app.