List of the 10 best Binary Options Brokers – Comparison 2022.
Binary options simplify trading decisions like no other financial instruments do. To trade binaries, a trader must answer one simple question:
Will the underlying asset reach a certain price by a certain time?
The simplicity of trading binary options lowers the bar for entry and enables novice traders to make profits. The ease of trading coupled with the high payouts keeps new and seasoned traders coming back for more.
Like trading any other financial instrument, trading binary options requires you to sign up with a brokerage. While there is no shortage of brokers, finding one that offers the features you want and charges fees you’re comfortable with can be challenging.
Choosing a trustworthy broker is among the first steps you must take to minimize your losses and ensure the security of your funds. Every brokerage has different minimum deposits, offers different returns, and has a unique set of assets you can trade.
To help you find the right brokerage for your binary options trading needs, we’ve reviewed the top ten brokerages in the industry.
What you will read in this Post.
Top 10 Binary Options brokers compared:
There is no such thing as the "best" brokerage; however, finding a broker that offers all the features you need shouldn’t be difficult.
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#1 Quotex.com: The best for any trader and highest payouts.
Quotex.io is one of the newer brokerages in the industry. While it was founded in 2020, it has managed to gain popularity quickly. The platform’s quick rise to success is owed to all of the powerful features it offers.
The company is a trademark of Seychelles-based Awesomo Ltd, which the IFMRRC regulates. If you’re in the United States, Hong Kong, Canada, or Germany, you will need to fund your
binary option account using cryptocurrency. However, there are no restrictions against opening an account in these regions if you’re a seller.
Quotex offers its users free integrated trading signals that boast an 87% accuracy . These signals can benefit new traders as they build their analysis skills and try to make money. Seasoned traders also use signals to determine the best binary options trade they can make.
High return on assets of the broker Quotex.
(Risk warning: Your capital can be at risk)
Another advantage of using Quotex is that it offers potent copy trading features. As a result, customers can find the best traders on the platform and replicate their portfolios in just one click.
The neatly designed interface displays a list of the top 20 traders, and users can pick one to replicate without any hassle. You will also find market signals and analyst recommendations on the terminal, which can help you navigate markets with greater ease.
Besides offering a user-friendly interface, Quotex gives users access to various digital options to trade. The platform offers over 410 options , giving you access to 27 currency pairs, making it one of the more versatile binary options forex brokers.
You can also trade binary options on cryptocurrencies, commodities, and indices on Quotex. Signing up will fetch you a 100% deposit bonus, and you can start trading with as little as $10 in your account.
The demo account is free to use, but as you get comfortable with trading on the platform and using the live account, you could potentially make a 95% profit on every winning trade. Of course, the fee varies from trade to trade, but it is typically low.
Since the platform is regulated, you don’t have anything to worry about when it comes to security. You can use Quotex on your computer and also on Android phones by installing the application.
Overall, Quotex is one of the most impressive binary forex brokers in the industry.
(Risk warning: Your capital can be at risk)
#2 Pocket Option: Best brokerage for international-based traders.
Pocket Option is a relatively new brokerage that emerged in the industry in 2017. Owned by Gembell Limited, based in the Marshall Islands, the broker is regulated by the IFMRRC.
The excellent array of features and the reassurance of proper regulation make it the go-to broker for many binary options traders in the USA.
You can create an account quickly and begin trading any of the 130+ assets the broker offers. In addition, you should have no problem funding your account since the broker provides several payment methods.
Pocket Option offers high/low options , making it easy for traders of all skill levels to make successful trades and earn high payouts. The brokerage’s payouts vary from binary options trade to binary options trade; however, you can expect 80%-100% payouts on most trades.
The lowest payout the broker offers is 50%, and the website states that some trades can earn you a 218% payout.
(Risk warning: Your capital can be at risk)
When you first fund your account, you will receive a deposit bonus of 50%. The more you deposit, the higher the 50% bonus will be. The Pocket Option minimum deposit is $50 , which is a little higher in comparison to other brokerages. Note that you cannot withdraw from your account before you make a trade.
Most trades use the web browser version of Pocket Option. However, desktop, Android, and iOS applications are available to make binary trading more convenient.
Pocket Option trading and payout.
Pocket Option offers additional features such as social trading, tournaments, and achievements. Social trading enables you to study the trading habits of successful traders on the platform and pick up their skills.
You can also compete with other trades to win prizes. Pocket Option’s tournaments have prizes up to $50,000 , and if you win, you can use all of those funds to trade and make more money.
The platform rewards you for reaching certain milestones. Using the platform consistently will give you perks like higher payouts and bonus trading funds to improve your trading experience.
The s ignals and indicators on the platform make it easier for you to navigate markets and make sensible trades.
Pocket Option is one of the most sought-after binary options brokers, and it’s not hard to see why.
(Risk warning: Your capital can be at risk)
#3 IQ Option: Best user-friendly interface.
If you prefer signing up with a brokerage that has established itself as trustworthy, IQ Option may be the right broker for you. The brokerage charges competitive fees and makes trading binary options fast and easy.
The company was founded in 2013, making it one of the industry’s most established online binary options brokers.
IQ Option boasts an award-winning trading platform that comes loaded with several useful trading tools. It has everything from economic calendars and stock screeners to historical quotes and volatility alerts. In addition, the platform is available in 13 languages, making it that much easier to use.
The broker allows binary options trading on a variety of assets. With an IQ Option account, you can trade binaries on forex markets, stocks, commodities, cryptocurrencies, and ETFs. Digital options and indices are also available.
(Risk warning: Your capital can be at risk)
If you’re in the EU, you can also use FX options. While they have fixed risk and pre-defined profit potential, payouts for forex options can reach up to 2000%. FX Options make IQ Option one of the best binary forex brokers you can sign up with.
Traders can trade on to go by installing the IQ Option app on their phones. It features the same proprietary interface and comes with all of the tools like the browser version of the platform.
One of the best things about IQ Option is its complete transparency with its fees. Except for cryptocurrencies (2.
