Best Binary Options Brokers: US vs UK.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.6% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Top 10 Binary Options Brokers: US vs UK.
The following list is designed to give you a starting point and highlight the features you should look for and how they compare and differ.
There are many binary options brokers, all with different products, services, strengths and weaknesses.
Before making any final decisions, conduct as much research as possible and take advantage of any free trials and demo accounts.
For any financial advice regarding investing and money management, seek a professional financial advisor.
US Binary Options Brokers.
1. IQcent.
Pros.
Low minimum deposit Copy trading available User-friendly interface.
Cons.
Lacks regulation Withdrawals can be difficult Limited chart tools and lacks educational resources.
Best for: Beginner's journey.
A well-known Binary option and CFD trading platform. It has a variety of different payment gateways for easy deposits and withdrawals. It is easy to set up an account in seconds because the platform is user-friendly. Trading can start immediately after the initial deposit.
A higher yield that peaks at 95% or more. The trader is able to get a 95% payout on investment, this is higher than the industry average of between 75% and 80%. 0% commission on deposits,
withdrawals and account maintenance fee. User-friendly platform with fast trade executions. The interface is easy to understand and navigate on. Reliable support team. Copy-Trading feature. Allows you to Copy live trades of the best traders on the platform.
Limited chart tools. IQcent mostly used for Binary Option style of trading, therefore, some tools might not be available due to the simplicity of the chart.
There are various reasons to trade with IQcent starting from the easy to understand software to a very reliable withdrawal system or be it the flexibility of its trading platform, diversity of the trading instruments, progressive partnership opportunities for loyal customers and bonuses – these benefits are what makes IQcent the best choice among all others.
2. Videforex.com.
Pros.
24/7 live video chat support Credit/debit card deposits and withdrawals available Copy trading Demo account (though only accessible after minimum deposit)
Cons.
Not regulated Not available to US clients Lacks educational resources Inactivity fee.
Best for: Day to day trading.
It might seem that the broker is another typical
binary option trading platform, but the fact is that Videforex stands out from other trading platforms by literally greeting the traders with a Live Video-Chat feature. For the first time in the industry, traders are able to see who they are dealing with as opposed to talking to a faceless entity behind the computer screen.
However this unusual but very outstanding feature is not the only reason you should choose Videforex as your main broker.
A very comfortable interface to use. Variety of trading assets and best trading conditions. BIG payouts up to 90% compared to markets 70% + Leverage up to 1:500. Live 24/7 customers service. Reliable and fast withdrawal system. Traders can be provided with a Demo account to practice their new strategies.
Should I Trade With Videforex?
The answer is YES! The platform offers a perfect balance between extensive trading tools and ease of use. Users of all experience levels will find themselves right at home.
3. Binarycent.com.
Pros.
Low minimum deposit Small minimal trade size Copy trading.
Cons.
Lacks regulation Withdrawals can be difficult Lacks research and educational resources.
Best for: Allows you to trade with very small amounts. Good for beginners.
Besides the fact that this platform is very friendly for beginners since it allows you to trade in cents, the platform has made a name for itself as a very stable one.
Minimum deposit starts from 250 USD, relatively small amount considering that you can trade as low as 1 USD and 1 Cent per trade. Withdrawal process takes up to an hour and provides variety of withdrawal methods. Copy trading feature that helps beginners to understand and learn how professionals trade. Weekly Contest. It only piques your interest in trading PLUS you are getting nice bonuses for your account, such as bonuses to your deposit and risk-free trades, meaning you are not losing any money for your lost trades.
Overall, the platform shows itself as a decent broker; it makes you feel comfortable having your money with Binarycent.
4. Raceoption.com.
Pros.
User-friendly interface Copy trading available.
Cons.
Lacks regulation Lacks research and educational resources.
Best for: Weekly contest with highest bonuses.
The trading platform since it first began operations in 2014 is already a relatively known brand among the binary options trading community. The goal of Raceoption has always been to offer its clients a safe and secured environment for traders to trade binaries.
Advantages and Disadvantages:
Fast withdrawals with no hidden charges. Withdraw funds from as low as $50 within 1–2 days with no hidden charges. User-friendly interface. Raceoption has made its online platform very easy to use. Indeed, a beginner can learn how to use the platform in a few hours. Customizable trade duration. Traders are given an option of customizing their trade durations. High returns up to 90%. Raceoption is known for having a great support team. You will be helped!
Overall, we were quite satisfied with the quality of Raceoption’s services.
At any given time, tens of thousands of traders are logged into the platform without any affectation of the platform performance or speed.
Customer service is also great in terms of speed and quality of response.
5. Nadex.
Pros.
Regulated by the CFTC Demo account available Low minimum deposit Low trading fees Good educational resources Free deposits and mostly free withdrawals Good customer service.
Cons.
Limited research resources Fee for wire withdrawals Inactivity fee Though fairly user-friendly, trading binary options through Nadex may be more complex than through some competitors.
Minimum deposit: $250 Payout: 100% Demo account: Yes.
Nadex is regulated by the CFTC.
As a broker, it doesn’t take the opposite side of a binary options trade. This ensures a fair trade between both parties.
Instead, it charges a small fee for every trade entry and exit – $0.90 with a maximum of $9.00.
The product offering includes:
Indices Economic events Commodities Currency pairs.
The Nadex trading platform is easy to use and offers a wide range of analytical tools and charts.
6. Cantor.
Pros.
Low minimum deposit Regulated by the CFTC No deposit or withdrawal fees Interesting weather event trades available Wide range of expiration dates.
Cons.
No demo account Inactivity fee.
Minimum deposit: $100 Payout: 100% Demo account: No.
Cantor is not as popular as Nadex as it has smaller market access. However, it does offer more interesting trades, such as weather pattern contracts and bitcoin swaps.
It also has a wider variety of expiration dates, ranging from five minutes to end-of-day.
The trading platform is Tradologic, which provides detailed analytical charts and information.
Cantor also promotes risk management tools such as limiting your drawdown for trades – a valuable tool in the absence of a demo account.
7. NYSE.
Pros.
Regulated trade environment Can benefit from professional expertise.
Cons.
May not be the most cost-efficient option Unlikely to suit experienced, hands-on traders.
