There are well over one hundred binary options brokers today, with the industry having grown immensely since 2008 when it really started to take off. Prior to this time, binary options brokers were rare and the options themselves considered exotic. Today, they’re seen as a potentially very profitable investment vehicle for those looking to trade online.
If you’ve decided to trade in binary options, this is your next step, choosing a broker. Brokers can be very different, using widely varying strategies to attract customers and retain them. We believe that a good reputation is the most important factor to consider and so we will provide you with our picks for best binary options broker. But, in addition we will provide other factors you can use to consider such as software platform, deposit methods, deposit bonuses, and withdrawal terms.
Best Binary Options Brokers for 2014
- Boss Capital – Our Boss Capital Review
- Stockpair – Our Stockpair Review
- TradeRush – Our TradeRush Review
- Opteck – Our Opteck Review
- 24Option – Our 24Option Review
- Banc de Binary – Our Banc de Binary Review
- Ubinary – Our Ubinary Review
Other Binary Options Broker Listings
- Brokers offering lowest minimum deposit
- Brokers offering trading to US citizens
- Brokers accepting PayPal
- Brokers accepting American Express / Amex
- Brokers offering free demo accounts
- Brokers regulated in Cyprus (CySEC)
- Brokers regulated in other jurisdictions
Choosing Your Binary Options Broker
Binary Options brokers are not all the same, and there are a few factors to consider when choosing a brokerage to work with. Do you want to work with a broker licensed to offer binary options? Do you need your broker to take deposit via wire transfer or credit card? Do you want your broker to honor your withdrawal or payout requests in a certain amount of time? Do you like getting maximum deposit bonuses on your binary options or would you like more flexible terms? We’ll cover these topics here.
Ever since Cyprus’s Securities Exchange Commission (CySEC) announced that it would regulate the trade of Binary Options in 2012, many brokers have flocked to the licensing to increase their legitimacy and legality in the markets they serve. This opened the door for regulated binary options to be offered to European Union members widely. Prior to this, no accessible regulatory body specifically addressed binary options trading and thus most brokers were doing business unregulated which led to some non-negligible amount of questionable business practices. In the US, NADEX solely offers binary options regulated by CFTC, the Commodity Futures Trading Commission though many reputable brokers offer binary options to US customers from other jurisdictions. In other markets, regulations are being considered for this new and exciting investment opportunity. One primary benefit of a regulated binary options broker is that investor funds are kept distinctly separate from business operating funds in order to protect against disreputable business practices.
Would you like to find out more about the legality of binary options? Check out the site are binary options legal?
A few software platforms for binary options brokers have come up over the past few years to serve the increasing demand. The major white label players today include SpotOption, Tech Financial, Tradologic, and oSystemsTech. In addition, companies such as AnyOption have created their own custom and proprietary software to compete in the markets. The differences between the binary options broker software can be large, and in the case of the white label software, each broker can offer different assets to trade — US stocks, UK stocks, different forex markets, etc. We” review the software platforms and list brokers using them shortly.
Not all brokers are created equal, particularly in terms of the methods they offer for depositing. Visa and Mastercard are almost universally accepted, but some brokers can offer Amex, Paypal, Wire Transfer, Liberty Reserve, and MoneyBookers.
Because binary options is a highly competitive market among brokers, offers of deposit bonuses from broker to broker can differ widely as well. They can range from a small percentage to a fixed offer such as deposit $400 get $100 free. Be aware that brokers can also use deposits to require you to invest your money a certain amount of times over in order to clear the bonus, so reading terms and conditions, or letting us read the terms and conditions for you and taking our advice on best brokers available can be helpful in making sure you can withdraw your profits smoothly.
Withdrawal / Payout Terms
Perhaps the most important thing a binary options broker can be is transparent and honorable in giving you your money back when you make a profit. Regulation of binary options markets has improved this greatly, but it is imperative that your choice of a broker be made taking this into account. It’s easy to put money in, so it should be easy to get your money out. Do be aware of bonus terms when you take a bonus, as they can impact your ability to withdraw your money from your binary options broker.