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IQ Option are a leading online broker offering binary options, CFDs, cryptocurrency and forex trading. Our detailed review includes a full run down of the trading platform, review of the mobile app, plus info on how to use the demo account effectively and tips on strategy and options. Join millions of other traders and login today.
To provide clients with access to financial markets and online trading, IQ option developed their own bespoke trading platform and range of instruments. The interface and features of the platform are not what most binary traders are used too, as it is modelled on the more advanced systems used by the spot forex trading industry.
The IQ Option software includes tools such as stop losses, and take profit levels – features not available at ‘standard’ binary operators.
To add trader risk management and trading strategy choices, the firm also created a ‘Position top-up’ feature. This is a mechanism which allows trades to be kept open beyond the stop loss.
The strike price and trading buttons are clear and intuitive, as are the price graphs and charts. Navigation is simple, traders can easily switch between assets and markets. On top of that, the whole layout is configurable and customisable – so traders can move multiple graphs or analysis tools where they like in order to suit their trading strategy.
The customisable elements do make this one of the best trading platforms in the industry.
The platform is available as a web-based hub, or alternatively, traders can download a version for either PC or Mac. The download is fractionally quicker. There is also the mobile platform. All the platforms are reliable, but the PC download has the quickest trade execution times.
At present, there is no Metatrader 4 (mt4) integration.
It is clear then, that the software is one of the most sophisticated trading platforms around in the binary industry, particularly the over the counter (OTC) brokers.
The website is available 24/7 so there are no ‘opening times’. Assets will only be available to trade when the relevant market is open, however. So many forex pairs are traded around the clock during the week, but US stocks can only be traded when the NYSE is trading.
Apart from having a refreshing user interface, the trading platform allows traders to change the view of their chart from a choice of four different layouts:
Best Choice For Beginners!
Big Sign-Up Bonus!
Free Trading Education!
Free Demo Account!
Only For Experienced Traders!
The timescale for the bar and candlestick charts can be chosen from an impressive 18 different intervals – and multiple graphs can be used, in order to confirm trends over more than one time frame.
In addition, there are also various other tools such as a line drawing tool which traders can use to plot their own trends on the live charts. The latest updates also added a wealth of technical analysis features too. Multiple indicators such as Bollinger bands, moving averages or relative strength index (RSI) can be laid over the chart. Nearly 20 different indicators are available.
The charting enables active traders to use price action patterns to spot opportunities across different time frames, making correct prediction more likely.
Perhaps one of the most useful features about the trading platform is the ability for traders to make multiple trades on the same graph. This is especially useful when you want to employ more sophisticated trading strategies or trade signals. Turbo and Martingale strategies are easier to implement when you can monitor open positions on the same chart.
Trade size ranges from just $1, up to a maximum investment of $10,000 on the classic options.
Forex And Crypto Products
The newer products such as forex and cryptocurrency trading display slightly different options based on the market being traded. For example, the forex trades will bring up leverage and stop loss features. Assets such as Bitcoin or Ethereum, traded via contracts for difference, do not have an expiry time. They do however, have a stop loss and take profit feature. The new forex offering also makes weekend trading possible.
The look and feel remains the same throughout the trading range however, and all the relevant information is available to the trader. So a trader used to binaries can still feel at home if they want to trade forex.
The IQ Option mobile trading app follows the development of the bespoke trading platform, and delivers a seamless mobile user experience. The trading area looks the sam, and the screen, buttons and ‘look and feel’ match those of the full website, or desktop download.
The mobile application has been delivered as a tailored product for each operating system, so the IQ Option Android app, has been developed solely for android devices. Likewise, the iOS app has been written with the iPhone or iPad in mind, and ensures it gets the most out of those devices. It is the sort of attention to detail that IQ are becoming known for.
Apple’s recent changes regarding binary related applications have been swiftly dealt with by IQ Option. They have redeveloped the iOS version to adhere to the new rules. Their ability to adapt to the changing investing landscape is reassuring. The new version includes forex and CFD trading – and cryptocurrency trades will also be available once released.
There is also an ‘IQ Option for Windows’ version, as well as the android and iOS versions. The download buttons below will take you straight to Google Play or the App Store, and the most up to date version of the mobile trading app:
Download the IQ Option App
Below is an IQ Option demo video. It is a full demonstration of all the developments added during the recent ‘platform 4.0’ upgrade. The demo includes how users can amend the trading area to suit their own needs. It shows how to check the same price chart over more than one timeframe, how to add technical analysis overlays and how all this can improve trading results.
While the video is not an out and out tutorial, it does deliver a full demo of the user experience, the new trading platform, and how it differs from other binary options broker platforms.
Trading Options (CFD, Forex and Binary)
IQ Option has consistently added to the portfolio of underlying assets. Traders are able to trade in the 4 major asset classes such as forex, commodities, equities and indices. They also respond to user demand, for example, the Cryptocurrency range is now huge.
Currency pairs are a particular strength at IQ, with some of the more exotic currencies available, including NOK, SEK and TRY. The asset list is comprehensive, so traders can deploy their winning tricks across a range of markets. Dollar, Euro, Yen and Pound sterling still dominate the majority of forex trades and produce the bulk of trading volume. EUR/USD remains the most popular pair for trading.
The firm have also added to their range of expiry times. Previously specialising in short term expiries, IQ now offer many more options – including the popular End of day expiry, and longer term End of week and End of Month. Trader choice has never been greater.
Forex and CFD trades expand the user choice even further. Foreign exchange can be traded per pip (in addition to binary trades) and CFDs can be traded with no expiry for longer term trades. The recent cryptocurrency expansion offers access to bitcoin and 6 other cryptocurrencies, via contracts for difference – meaning no expiry.
Forex multipliers are a feature that IQ Option added to provide a level of leverage. The maximum multiplier now reaches an exciting x1000 – but remember this impacts both profit and loss. So you can magnify your trade size by x1000 to take advantage of even small moves in the currency markets.
IQ Option have added FX Options to their list of products. A cross between binary options (limited expiry, limited risk) and traditional forex (profit depends on the underlying price movement), FX Options will offer EU traders an alternative to binaries. With ESMA banning binaries in the EU, IQ Option want to create a product that is similar, but does not fall foul of the ban.
The options allow traders to select their own strike price, and trade higher or lower from there. Payout %’s vary based on the price movement required for the trade to finish ‘in the money’.
As these are more like traditional options, they can be closed at any time using the ‘Sell’ price and the volatility and time left will impact the value of the trade as the expiry nears.
As a newly released product, IQ only provide hourly expiries at present. The choice is likely to expand however, if the product is successful
The screenshot above shows the possible strike levels on the right, alongside the trading buttons. The red / green bar illustrates the potential payouts and these will vary and change based on the strike price, time to expiry and the current market value.
In addition to traders having the ability to trade crypto assets using CFDs, Forex or Classic options, IQ Option also introduced a new vehicle – Cryptocurrency multiples. These trades are effectively a leveraged trade. The underlying price remains the key element, but with a multiplier, the trade is magnified. This increases the potential profit, or loss, made on any deal.
Initially, IQ only offered Bitcoin x 100. As the name suggests, it was a multiplier of 100 applied to the Bitcoin price. Increased volatility, for an already volatile asset – ideal for traders.
The product was so successful that IQ have expanded the offering. So multiples are now available on more cryptocurrencies, e.g. Ethereum (ETH), IOTA, TRON and Ripple. The multipliers range from x20 to x50 and x100 on Bitcoin. It offers another high risk / reward route for traders to profit on crypto assets.
Trading Costs (Spreads, Commission)
When comparing brokers, you need a broker that is transparent with their fees and costs. To judge what trading at IQ will cost, you need to consider:
- Spreads – The price gap between buy and sell values. This varies based on things like volatility, asset, liquidity and even hours.
- Withdrawal Fees – There are no withdrawal fees on most payment service providers. Bank transfers do have a charge of $31 (or currency equivalent).
- Commission – On cryptocurrency trades, commission of 2.9% is be levied. Other markets do not have commission at all.
- Swap Fees – Fees are charged for certain trades held overnight. They vary from 0.1% to 0.5% and are higher when left open over the weekend.
- Dormant Account Fees – Where an account is inactive for 90 days, a charge of €10 (or currency equivalent) will be made each month until the balance is zero.
Deposit & Withdrawals
Deposits can be made using a range of options – these will vary based on the user country, but popular methods include debit and credit card, e-wallets such as Skrill and Neteller and even crypto currencies via the Hodly service. Bank transfers via debit card remain the most popular option for European based traders.
IQ Option also recently introduced AstroPay to facilitate payments from regions that may have had fewer options in the past, such as Brazil, Argentina or Vietnam. In addition, IQ now also accept bank transfers from a wide range of Asian banks:
- Thailand – Bangkok Bank, Kasikorn Bank, Krung Thai Bank, Siam Commercial Bank, Bank of Ayudhya, Government Savings Bank, TMB Bank.
- Philippines – Help2Pay
- Indonesia – Central Asia, Rakyat Indonesia, CIMB Niaga, Negara Indonesia, Mandiri.
- Vietnam – Vietcombank, Bank for Investment and Development, Techcombank, Vietin Bank, Asia Commercial Bank, Sacombank, Donga Bank, Eximbank.
- Malaysia – Supported banks include: Maybank,RHB Bank, Public Bank, Hong Leong Bank, CIMB Bank, AmBank
South Africa is also supported via range of new payment methods including Perfect Money. In fact, Perfect Money caters for a huge range of regions, including South America (Argentina, Brazil and Colombia)
China Union Pay provides a payment solution for traders in China, Taiwan, Hong Kong or Macao
Deposit errors are rare, and the support desk can usually help if users encounter issues. It is safe to deposit with IQ Option.
Withdrawals can be made using the same list of methods. Verification is often required before a withdrawal method can be used, and withdrawal proof remains in the user area for the lifetime of the account for auditing etc.
The standard trading account requires just the minimum initial deposit of $10. The basic account includes all the option types, withdraw options and functionality as the higher level accounts.
The firm offer a VIP Account. In order to get a the VIP account type, a trader needs to deposit $3000 or more in one deposit. Benefits to VIP status include:
- Higher Payouts (For example, +3% on FTSE or Google trades)
- Entry to larger tournaments, with prizes up to $100,000
- Educational materials exclusive to VIP account holders.
In term of returns on investments, the standard payouts offer very competitive rates. Under the right circumstances, traders can earn up to 91% payout in the case of a successful trade. These payouts will vary based on the asset and expiry time selected. The ‘headline’ payout of 91% is among the best offered in the industry. Note the term ‘profit percentages’, does not imply guaranteed profits, simply the profit made for a single trade when it is successful.
Forex And CFD
Payouts on products such as Forex and CFD trades will depend on the performance of the underlying asset. IQ provide the sort of risk management tools you might expect when trading these tools. They include stop losses and user defined leverage (which can be set to zero). The new products move IQ Option into the leagues of major global brokers, and their offering is certainly up to that level. They even offer direct access to bitcoin and ethereum trades – which many larger brokers do not.
The spreads on foreign exchange and CFD trading are competitive too. So the costs or fees of doing business with IQ are low, and certainly on par with the larger, established online brokerages. The free practise account is a good way to experiment with other asset types, risk free.
IQ previously offered monthly promo codes for new customers as a welcome offer. These were paid as a deposit match, and the level would ‘scale’ based on the size of the initial deposit. These types of offer have been withdrawn following regulatory changes however. As a responsible regulated broker, IQ no longer offer this type of incentive. Reviews still referring to bonuses are likely to be out of date.
Is IQ Option A Scam?
IQ Option is licensed and regulated by CySEC, but they have also sought to register with other regulatory bodies (full details can be found on their website). They are a ‘legit’, reliable business. Their affiliate network all market responsibly and ensure the nature of trading is reflected accurately. They are licensed by the FCA in the UK as the regulatory landscape recently changed there.
Trading with IQ Option is legal around the world, from India to Ghana, Vietnam to the UK.
Established in mid 2020, the brand is – in our opinion here at BinaryOptions.net – one of the most reliable and innovative binary brokers in the industry. Their reputation is also enhanced by various awards that they have won from a range industry reviewers. They list their full array of awards on their website – The list of awards quoted on their website are reputable comparison sites and confirm their credibility. IQ Option is safe and not a scam.
Our user satisfaction feedback is positive for IQ – Users have few complaints and use the IQ option platform for many months and years. The forum response is also positive.
Problems of site connection (site “not working” or “not loading”) is often a local issue for the user rather than a genuine issue with the platform. Likewise ‘server down’ or similar errors are normally the client end rather than a genuine problem at IQ Option
The firm operates in a very transparent way, in order to maintain their reputation and user confidence, for example:
- Free Practise / Demo Account – This runs in parallel to the real money account and is not time restricted. IQ Option are happy for traders to hone their skills for as long as it takes, and have faith in their trading platform to maintain trader retention. A demo download is available, but traders can also simply use the full, mobile friendly, website. The demo balance can be reset by contacting the support teams.
- Offers – Deposit match bonuses have been dropped entirely due to CySec and ESMA rules. The regulator deemed this type of bonus as being high risk, and as a regulated brand, IQ have stopped offering them.
- Hedging – IQ are clear on how and when they will hedge their own positions. This should act to reassure traders who fear ‘over the counter’ brokers only want to see traders lose. IQ actively manage their risk.
- Support – Support is offered in a range of languages and includes live chat for quick resolution of any complaints. Users needing to Unblock, Delete or Close an account need to contact telephone support.
- News – Event Calendars and brand news is fed through to the user area.
As indicated on their website, IQ Option Europe Ltd is operated by Infofield Premier Ltd (Registration No: HE324593) and Investlab Holdings Ltd (Registration No: HE327751). Since Investlab Holdings Ltd is regulated by CYSEC (License Number: 247/14), this means traders trading on the platform are also protected under the provisions of the MiFID.
Open Trade Network
IQ Option started the roll out of their blockchain based cryptocurrency exchange. Called the Open Trade Network (OTN), it is built on the Ethereum blockchain platform.
It delivers a stand alone cryptocurrency wallet and exchange. Designed to meet the needs of a growing market, and regulators who will want to oversee the operation. The system is due to be live in early 2020.
IQ Option is not raising money for this project through an ICO, and this presents an opportunity for traders. Instead OTN coins will be awarded to traders, wallet users and token holders as an incentive to use the platform and provide liquidity.
IQ Option will recoup their investment through a portion of coins held for that purpose. The total number of coins to be issued is 100 million with 42 million going to the traders and wallet users over the next 2 years. Once the platform is live OTN tokens will be tradable and sellable on the open market.
This is a significant development. This blockchain innovation reflects the major disruptive influence IQ are trying to generate in the finance sector as a whole.
IQ offer the best demo account terms in the industry. It is a No deposit demo account. The balance can be restored to $1000 as often as required, and the practice account is useable long term, there are no time restrictions.
The demo, or virtual, account can also run alongside a real money account – not “instead of”. This allows real money traders to change into the demo account, and trial a new strategy or strategies without risking real money. It is the most flexible demo account available and is entirely risk free. This offering, coupled with the low minimum deposit, is why this broker have grown so quickly. It is also why the brand attracts beginners and novices. It demonstrates a real confidence that they have the best trading platform, and know that once traders have used it – they will stay with them.
IQ offer trading in a range of countries, and also support across multiple languages. In 2020, the firm operated in 18 countries – in 2020 it was up to 178. There are however, some countries where trading is not possible with IQ due to regulations or local laws. So traders from Canada, USA and Australia are not permitted to open accounts at present.
Having started operating mainly in Europe, the UK (United Kingdom) is one of the largest trader ‘bases’ for the brand, followed by other European trading hubs, such as Germany and Sweden.
The firm are also growing very quickly in Asia, with binary becoming legal in India. They have recently added multiple regions to their list, including:
Other areas of growth include Africa, where Ghana and Nigeria are seeing large numbers of new traders. This growth is aided partially by a ‘softer’ regulatory regime. With responsible brands such as IQ Option, this actually works well. Similar reasons have led to marketing pushes in UAE, Brunei and even Japan.
Traders in these regions are now able to register at IQOption. The login process is very quick, and the demo account sign up requires only an email address. Beyond the login screen, traders will need to make a deposit before trading for real money. The minimum deposit however, is just $10 – among the lowest in the industry. The minimum trade is equally low, at just $1 per trade.
There are regular trader tournaments across the trading platform – each carries their own set of terms and conditions. These are generally a competition based on trading success with a leaderboard. They are a method by the broker to encourage trading, so the tournaments are usually decided via the amount of total profit over a given period.
They offer a great way for traders to compete against each other, and create a lot of interest. The terms will often vary – so one tournament might focus on short term options, while the next might look at a specific asset class, like forex.
Often there are substantial prizes for the winners of these competitions. These range from cash rewards, to more unique prizes, such as the recent Aston Martin race day experience. These gave winning traders the chance to enjoy a race day in one of the sponsored Aston Martin Racing cars. These tournaments really increase the customer friendly feel promoted by the firm, and they are worth looking into.
Specific strategies for use at IQ Option are difficult to detail due to the vast options available. From rainbow strategy to technical analysis a trader’s choice is endless. A winning strategy for eur/usd may not work for trading oil, and learning lessons from a 60 second strategy may not improve results for 5 minute or longer trades.
The demo account is a great place to experiment and find winning strategies however. Every trader will need to find their own system, and the unlimited demo at IQ gives traders a better ‘sandpit’ than vs Plus500 for example.
Binary vs Forex
The binary vs forex debate is another complex argument when looking at strategy – it will always come back to the trader, their risk appetite and their favoured length of trade. Our strategy section may contain useful ideas, as will the forum. Our blog entries often contain trading tips, but how they are implemented or acted on is of course up to the trader.
Strategy elements like money management are really a question for each trader, as only you can know your risk appetite.
The last point on strategy is that there is no such thing as a ‘no loss’ system. Some trades will win, some will lose, but a winning strategy is profitable in the long term. Anyone offering 100% accuracy (or anywhere near) is very likely to be dishonest. Discussions on Reddit or Youtube are extremely unlikely to be legitimate traders giving away winning systems for free!
Signals And Automated Trades
At present, IQ do not deliver signals to traders. There are sentiment indicators which give a feel for market sentiment, but no automated signals.
Expert advisors are often a feature promoted at other brands, but ultimately an employee of the broker acting on behalf of the trader is unlikely to be impartial. IQ do not offer an expert advisor service on a standard account.
The firm prefer to enable and educate their traders to make their own trading decisions.
What is the minimum deposit for opening a trading account?
The minimum deposit at IQ Option is $10,€10 or £10.
Is the IQOption platform reliable?
Yes. The website, desktop download and mobile app all boast reliability. IQ do however, recommend the desktop software for the quickest execution times.
What trading platform do IQOption use?
IQOption use a proprietary trading platform. The platform is constantly developed and improved, both to add new features, but also new markets. The charting facility on the platform is very advanced.
Do IQ Option offer leverage?
Yes. While the maximum leverage offered by IQ Option is 1:500 for non-regulated members, EEA traders will see leverage capped at 1:30. It is possible to open a professional account to have those restrictions lifted.
IQ Option also offer ‘Multiples’ on certain assets – mainly cryptocurrencies. These act much like additional leverage, in as much as a move in the underlying price is multiplied by as much as x50. See the IQ Option website for details.
How fast are withdrawal requests processed?
Withdrawal requests at IQ normally take one business day. There will then be 2 or 3 business days before the funds hit the account, depending on the withdrawal method requested.
Are IQ Option Regulated?
Yes. IQ Option are regulated by CySec
Is IQ Option Safe?
Yes. They are a legitimate, regulated broker.
Do IQ Option accept Paypal?
No. At present the best e-wallet options are Skrill and Neteller. Perfect Money has also recently been added, as has China Union Pay for traders in Hong Kong or Macao.
• High Returns of up to 91% payout in case of successful trade
• Low Minimum Initial Deposit Requirement – open account with $10
• Regulated Broker with CySec
• Cutting edge Trading Platform
• Direct access to Crypto markets such as bitcoin
• Secure account verification
• Quick withdrawals
• Smaller range of markets than some rivals on forex and cfd
• Self build robot / auto trading feature removed.
• No MT4 integration
Some critical users of IQ point to the site not loading, not working or being offline. These issues are generally at the end of the user rather than the platform. The website boasts impressive uptime statistics and they have a strong motivation to ensure their platform is open for business! It is rare for the site to be unavailable or inactive and we have never encountered such issues when connected via a reliable connection.
The IQ Option registration process just requires an email and only takes a few moments. Once verified, you then have access to the demo account, and the real money markets. In order to trade on the real account, a deposit will need to be made. The deposit process is simple, much like the register process. The minimum is currently $10, and the smallest trade is $1 per option.
IQ Option offer a variety of contact methods:
- Email – [email protected]
- Telephone Support – Offered in 18 countries including Australia, India, Thailand, Brazil, Germany and Spain (Helpline details on the site)
- Group Details: Registration No. HE327751
Address: Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33,
4102, Agios Athanasios, Limassol, Cyprus
Customer support can be accessed via telephone, e-mail or live chat. Customers are supported in over 20+ languages.
Go to IQ Option
General risk warning: your capital is at risk
7 Binary Options
Forex is a shortened term derived from the words “foreign exchange.” The Forex market is where various currencies are traded at an agreed-upon price on the exchange. Forex trading is literally making trades of one currency for another at a specific price.
Forex trading is one of the most popular forms of trading available today and accounts for roughly USD $4 trillion in economic activity on a daily basis. Pairs of currencies are listed at specific values; allowing traders to exchange one currency for another based on whether they believe the currency price will rise or fall. Common list pairs include USD/EUR and many others.
We have reviewed the best Forex brokers online to make it easy to choose the best broker for your specific needs:
|Max Leverange||Min. Dep.||Regulated|
|Broker||Min Deposit ($)||Min Stake ($)||Max Payout (%)|
|IQ Option||10||1||95||1st Choice|
|Olymp Trade||10||1||92||3rd Choice|
Best Binary Options Brokers 2020
1) IQ Option
IQ Option is a Seychelles-based online trading platform launched in 2020. It has found a lot of favor in South Africa. It is one of the best binary option brokers in South Africa. They claim to be one of the fastest growing online trading platforms, with over 25 million members to date. Their services include forex trading, stock trading, and ETF trading. There are binary options brokers too. They have over 10 million digital options on which you can trade. You engage in the binary options trade by speculating on the global market currencies, indices, stocks, and commodities movement.
IQ Option has a website and App on which you can trade. It depends on what you prefer or what is accessible to you. You go to the instruments menu and choose the asset you want to trade in. Each asset is assigned the current profit percentage. You then choose the duration that you want to explore the asset for. The end of the duration will be marked with a red line on the chart. The system will also set a deadline for making the selected trade. Then put up the value you want to trade and confirm using the call or put buttons. You have the option to sell the option before it expires. If you choose to wait until the end of the duration, you will get 95% profit if your prediction was correct or lose the investment if your predictions were wrong.
- The minimum deposit on IQ Option is $10 for a real account or $3000 for a premium account
- The minimum investment is $1
- The maximum returns are 95% profit on your stake
- IQ Option offers no bonuses.
- IQ Option is certainly one of the best trading brokers.
Expertoption is a binary options broker with a global trading platform. The platform is available to people in over 150 countries across the world. Expertoption was launched in 2020, and it has 8,707,538 registered traders so far. Expertoption is an award-winning platform, having been recognized as an award-winning platform in the China Trading Expo Shenzhen, 6-7 May 2020. The broker offers up to 100 options of assets to trade with. Expertoption does not offer its services to residents of the following countries; USA, Canada, European Economic Area, Switzerland, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan.
Expertoption operates both website and app trading platforms. You can log in to your account on any platform you feel comfortable with. They offer a free demo account too, for novice traders to first test their knowledge before investing any money. The platform has an education center for green beginners too. There is a lot of educational material on the center that you can go through and get relevant insight pertaining to binary options trading. The platform is quite responsive, and it runs 24/7. It offers the following technical analysis tools.
- Four chart types, eight indicators, trend lines
- Social trading – this feature allows you to watch other people around the world closing deals, or to trade with your friends
- The demo account gives you $10000 to try out with
The platform offers five types of trading accounts as follows;
- Basic – this account is for people who prefer a light start. The minimum deposit for this account is $50
- Silver – this account includes free consultations. Apparently, many people choose to start here. The minimum deposit is $500.
- Gold – this account offers you more privileges features and smart investment tips. The minimum deposit for this account is $2500
- Platinum – this account is regarded as the ultimate account for serious investors. The platform offers exclusive account management and their best expertise. The minimum deposit for the account is $5000.
- Exclusive – this exclusive account is only an invited-persons only account. It is reserved for people with the highest returns. You can contact your account manager about it, that is if you already have a platinum account.
The maximum returns can go up to 95% profit on the invested amount.
3) Olymp Trade
Olymp Trade is a Cyprus-based online trading platform launched in 2020. The platform boasts of over 20000 traders in a day. It is currently registering a growth 7% in payouts every month, with last month’s payouts totaling to $ 7 969 557. Olymp trade is yet another incredible option for a beginner. It has very insightful educational resources for trading. It is one of the best binary options brokers in Nigeria.
Olymp trade runs web, android and apple trading platforms. They offer a demo account that you can experiment with first before moving to a real account. It is one of the best binary options brokers with demo accounts. They offer 24/7 trading and over 60 assets that you can trade with. The trading platforms are quite responsive and self-explanatory. The process of setting up and completing a trade is quite simple. The platform also offers you trading signals from experienced VIP traders, to help you make profitable trades.
- The minimum deposit is $10
- The minimum investment is $1
- The maximum returns are 92% profit on your stake
HighLow is an Australian based binary options broker. A number of platforms won’t admit Australian traders. This is one of the best Australian binary options brokers. It is a great platform for those who like trading for short duration times. It is one of the best 60second binary options brokers. The platform prides itself in a wide range of binary options and some of the highest payouts. They have done over 200% profit on investment payouts. HighLow runs on the MarketsPulse trading platform. It does not accept trader from the US though.
HighLow has a web, Android, and iPhone Apps trading platforms. They offer a demo account for beginners with a $50 bonus upon sign-up. It is one of the best binary options brokers for beginners. It allows them to test their knowledge before putting in all their money. You select the instrument you want to trade from the top toolbar. It has the current market value indicated on it. You then set up the duration you want to trade for and confirm. There is an expiration duration line beyond which you cannot make any changes on the investment. Your speculations should not go out of the set high and low marks.
- The minimum deposit is $10
- The minimum investment is $1
- The maximum returns are 90% profit on your stake
- There is a bonus of $50 upon signup
- HighLow is one of the best binary options brokers with low minimum deposit.
Optionrobot is a high-risk high-return binary options trading robot service. If you are not shy of taking huge risks with high potential returns if all goes well, then Optionrobot the platform for you. The platform’s robots generate trading signals and execute the trade directly to your broker account. Optionrobot boasts of an 83% winning rate. That’s rather impressive. You might not want to stake money you cannot afford to lose on Optionrobot though.
Joining Optionrobot is quite easy and straightforward. You just sign-up, make a deposit and set up your robot to start trading. Optionrobot features three trading systems. The systems have different risk levels. They are;
- Classic System – this system has the lowest-risks, and the lowest potential income as well. It is considered the safest and secure. The prospects of making any substantial returns are quite slim though.
- Martingale System – this system offers you the highest possible returns, but also the highest risks. If you get it right on this system, you’ll be smiling all day long. The risks of losing your money remain high though.
- Fibonacci System – this is the most accurate system. It is a middle-ground between the two. It strikes the critical balance between returns and risks. You could lose money as much as you could win some.
The other important aspect of the Optionrobot is the trading indicators. These help you set up the robot. The robot monitors these indicators as long as it is active, and makes decisions based on the settings you provide. Optionrobot has six trading indicators that you can make use of. You can work with multiple indicators depending on your knowledge of them. All the indicators need to send a sell signal to the robot for it to sell though. They also need to all have a buy signal if the robot is to buy. The signals include;
Ayrex is yet another binary trading broker from Cyprus. Ayrex launched its platform in 2020. It is however not regulated by CySEC though. The company has applied for licensing from CySEC. The platform boasts of over 230000 subscribers to date. It also takes pride in some of the fastest trading speeds with 99.95% of its trades taking place in a mere 28ms. The platform allows direct or high low speculation on the trend of the asset you choose to trade with. Except for the being unlicensed Ayrex seems like the ultimate binary options trading broker.
Ayrex has a very interactive and responsive website. They also operate Android and iPhone Apps. You can choose to log in to any of these platforms depending on which one works best for you. Ayrex offers several trading accounts. One of the accounts that stand out is the Islamic account. Ayrex has put up an account for Islamic people, that is in full compliance with sharia laws. Trading on Ayrex.com is easy and straightforward.
- First, you register for a free account
- You will have to verify your identity
- You then make the minimum deposit of $25
- Click the start trading button
- Select the options you want to work with. Ayrex has a couple of options.
- Choose the asset that you want to trade with
- Speculate depending on the option you have chosen
- Stake the amount you want so long as it within the minimum and maximum investment values
- Confirm the trade before the deadline and wait for the results.
Ayrex may not be the best platform for beginners. There is not much learning material or guidance resources available. You need to know how to analyze the market and make correct predictions before you engage on the platform. Otherwise, you will be risking losing your capital. You can choose a demo account first before engaging on the real account so that you get to learn the ropes.
On the short-term direct speculations, Ayres pays up to 80% profits on the invested amount. The long-term or high-low speculations could attract a payout of up to 85% profits on the invested amount. Ayrex has frequent trade signals that have been proven to have a winning rate of 60%. That’s is not a winning rate you want to put your trust one if you are not experienced though, considering their payouts are a bit low. All factors considered, they are still one of the best binary options brokers 2020.
Cryptorobot365 is yet another Seychelles-based binary trading broker. It mainly deals with cryptocurrencies. You can trade with Ethereum, Bitcoin, Monero, Litecoin or Ripple. The platform, unlike the others, is quite straightforward. You just buy the cryptocurrency of your choice under speculation that it will appreciate in price. The platform is an automatic platform. It monitors the trends in the cryptocurrency market and sells or buys cryptocurrency on your behalf to help you make profits.
There is not much to learn about the Cryptorobot365 trading platform. They have web and app trading platforms. You can choose any depending on your preference. The platform needs you just to deposit the minimum amount, select the cryptocurrency you want to trade in, and activate the robot. It is one of the best binary options robots. This model is a great option for people without sufficient knowledge about cryptocurrencies. Keep in mind that you could lose the money too. The platform has a demo account that you can use to try out first before you invest your money.
- The minimum deposit is $250
- The maximum returns are dependent on the margins of the sales made
Binaryrobot365 is yet another robot based binary options broker. Instead of you monitoring the markets, yet set the ideal market conditions and let the robot make the trade when it detects them. Binaryrobot365 claims to register up to 90% win-rate among it traders. It is a great platform for novice traders to try their hand in binary trading. Binaryrobot365 is one of the best binary options brokers in India.
Binaryrobot365 operates web and app platforms. You just sign up for an account, choose a binary robot service provider and switch on the auto-trade function. It is important to note that the binary robot you choose is a central determinant of whether you are going to make money or not. Make sure the service provider you settle for can be trusted. The robots are technically developed and are based on empirical data. Some of the market factors are non-quantifiable though. Therefore, the robots cannot guarantee you returns.
- The minimum deposit is $100
- The maximum returns are dependent on the broker you choose. The returns range between 85% and 90% profit on your investment.
Binary.com is a UK-based binary trading broker. It has been licensed by and is under the regulation of the British Isles, Malta, Ireland and the UK. It is one of the most transparent binary options brokers uk. It has made declarations of owning the company, and it is in charge of the market operations. The platform brings together aspects of gambling and binary trading. Its services include FX margins, Crypto trading via MT5 and CFDs. Binary.com offers you over 100 instruments to trade with. Binary.com also offers you interactive webinars, daily market reports and eBooks and videos for learning, all for free.
Binary.com operates a website and Android and iPhone Apps. You can log in to your account on any platform of your choice. The platform also offers you the option to trade on a virtual account before you move to a real account. Newbies to binary trading can take advantage of the virtual platform and learn the ropes. The platforms run 24/7 all year long. They have interactive and easy to understand charts to help you follow the market trends. The platforms are quite responsive too.
The minimum deposit for a bank transfer or by bank card is $10. Those with e-wallets can deposit as little as $5. You start trading by choosing an instrument to trade with and setting aside a trading duration. You have to have to complete the trade before the expiry time.
The return percentages are not fixed. They vary from time to time. You need to have more than 25 turnovers so that you can have a withdrawable amount. Binary.com also pays a 1.5% payout commission.
The bonuses are not fixed either. You can get two types of bonuses. There is the deposit bonus and the free bonus. You get the deposit bonus one you deposit money above a certain amount. The free bonus is given as per the results of your trades.
Finmax is a Bulgaria-based binary options broker. The platform was launched in 2020 and boasts of a team of financial market professionals who help people around the work trade in binary options. The platform does not admit US traders though. Finmax has a couple of awards under its belt. They are an indication of its prowess as far as binary trading is concerned. Finmax also offers some of the shorted trade durations. You can set the trade to last for as little as 30 seconds. You can also set long durations. They can be as long as six months, depending on your speculations.
The trading platform allows an easy sign-up process. It has a lot of educational materials. You have access to eBooks, videos and live webinars from the financial market professionals. Finmax also offers a free demo account that you can use to familiarize yourself with the account. Finmax offers five types of real trader accounts. They are;
- Bronze – this trader account has a minimum deposit of $250 and full access to all the features. It also attracts up to 25% bonuses and as well as a payout of 75% more than assets.
- Silver- this account requires a minimum deposit of $1000. It features risk-free trading for up to 25% of your deposit and up to 50% bonuses.
- Gold- this gold account requires a deposit of $5000. It features +2% of return per each trade and up to 100% in bonuses
- Platinum – this account requires a minimum deposit of $25000. It features +4% of return per each trade and up to 100% in bonuses
- VIP – this account requires a minimum deposit of $100000. It features +6% of return per each trade and up to 100% in bonuses
The accounts’ privileges rise with the account’s rank. The high ranked accounts have a lot more privileges.
Trading on the platform once you have the account is easy and straightforward. You choose the asset you want to trade in. You then choose the above and below points. These are the high and low points you are speculating the asset to remain within. You then choose the expiry time and complete the trade before the deadline.
Finmax offers up to 90% profits on the invested amounts. These are some of the highest binary trading revenues you can get.
FXMasterbot is yet another binary trading robot. It offers 17 forex pairs and five cryptocurrencies to trade with. FXMasterbot claims the platform made by a team of financial analytics professionals. It delivers trading signals after every minute. The system just like many robots, allows you to connect to your broker’s platform.
Engaging in FXMasterbot is quite simple. You just need to sign-up for an account, then fund your broker’s accounts and set-up the robot and activate it. The robot will trade according to the delivered signals. Unfortunately, the information available about the operation and payout of FXMasterbot is quite scanty.
You can log in into your account using the browser platform or the Apps, either Android or Apple depending on your preferences. It is not prudent to invest on a platform whose results you don’t know and have no way of finding out though. There have been various complaints from traders who have used the platform.
Binarycent is a forex CFD trading platform. You trade in binary options with forex as the asset. Binarycent has one of the lowest minimum investment amounts. You can invest as little as 10 cents on Binarycent. Binarycent works just like a majority of the other binary options brokers.
Binarycent offers three types of accounts depending on the starting capital you have. They are;
- Bronze – this is the lowest caliber trading account on Binarycent. The minimum deposit required is the $250. The account features 24/7 live video support, I hour withdrawals, 20% bonus, and a copy trading tool.
- Silver – The minimum deposit for this account is $1000. The account features all the privileges on the bronze account, plus 50% bonus, master class training, and first three risk-free trades.
- Gold – this is the highest caliber account requiring a minimum deposit of $3000. It features all the features in the silver account, plus 100% bonus, and a personal success manager.
Binarycent also offers a demo account for novice traders. You need to have a certain level of knowledge before you decide to engage in the platform though. Once you have one of these accounts, you can go ahead and choose an asset to trade with. Set up the duration and put up your stake.
Binarycent has maximum revenues of up to 95% profit on the staked amount. You can access the platform through your windows or mac browser, as well as through an Android or Apple App. Their methods of funding the account and withdrawing are quite simple. Unfortunately, the platform offers no trade signals. Your trade is solely based on your analysis and speculation, unless you have the Gold account. You can get some advice from your success manager. Either way, the decisions are still all yours. The manager can only give pointers.
Binarymate is a UK-based binary options broker. The UK has strict regulations for binary options trading. Binarymate is registered in the UK, and it accepts US traders too. It is one of the most reliable and secure binary options trading platforms. It is actually one of the most trusted binary options brokers. Binarymate offers more than 100 assets to trade with. It boasts of 5372 trading accounts in the system and $ 3452175 worth of trading volume in the last month. The platform also offers a lot of training and educational materials that newbies can take advantage of.
Binarymate operates a proprietary website, but they don’t have either android and iPhone Apps. You can conveniently access the platform from any device of your choice. The platform is quite easy to sign-up to. They have three types of accounts, each with a minimum deposit. The perks of having an account with Binarymate include;
- 24/7 live video support
- 1-hour withdrawal processing time
- Secure trading and data protection
The accounts are;
- Bronze- the bronze package features a minimum deposit of $250. You will also get a 20% bonus on your deposit.
- Silver- this account requires a minimum deposit of $1000. It also comes with a 50% bonus
- Gold- this is the highest caliber account. It requires a minimum deposit of $3000. It allows you to choose between a bonus of $250 or risk-free trades.
Binarymate offers stellar customer care support and through their live chat video agents. The agents are available 24/7. It is the best binary options brokers with low minimum deposit uk.
You have the option to start with a demo account if you are a novice to binary trading. You do not have to invest your money before you have learned the ropes and risk losing it. Binarymate is one of the few offshore binary options brokers US. It also one of the best binary options brokers usa.
- Minimum deposit: $250
- Maximum returns: 90%
- Bonuses: up to $250, risk-free trades
Raceoption is yet another highly rated binary options broker. Raceoption is UK-based and is subject to the UK’s strict laws and regulations. The brokerage was launched in 2020, and it has one of the friendliest platforms. Raceoption accepts traders from all over the world, including those from the US. The platform boasts of average trader earnings of 1217 per month. It has 1570 traders as at the moment and more than $1.9 million in trader earnings per month.
Raceoption operates a user-friendly proprietary website and an App on both Android and Apple platforms. Raceoption offers three types of accounts. You can sign-up for any one of them depending on the starting capital that you have. The platform offers you over 100 assets that you can trade in. Trading on the platform is quite easy and straightforward too. Below are some general steps;
- You first select the asset you want to trade in on the drop-down menu.
- Choose your preferred expiry time
- Choose the amount you want to invest
- Confirm the trade before the deadline allowed
- You will profit with a fixed amount if it turns out you were right.
Raceoption has the signature three accounts. They are;
- Bronze- this account requires a minimum deposit of $250. It features a bonus of 20%, 24/7 live support, I hour withdrawal, demo account and copy trading tool.
- Silver– this account requires a minimum deposit of $1000. It has all the features in the bronze account, plus 50% bonuses, a master class training, first 3 risk-free trades and an individual account manager.
- Gold- this is the ultimate account on Raceoption. It requires a minimum deposit of $3000. It has all the features in the silver account, plus integrated technical analysis, and up to 100% in bonuses.
Raceoption has a wide range of funding and withdrawal methods. You can choose one that suits your convenience. Raceoption has up to 90% payout profits. These are some of the highest payouts in the industry. Many brokers do not admit USA traders. Raceoption is the best binary options brokers for USA traders. It is one of the best us regulated binary options brokers.
Automatedbinary is a binary options trading robot. It is a great service for novice binary traders and veterans as well. It allows you to work with several binary options brokers. You can connect your robot account with several binary options brokers too. Automatedbinary offers you three robots plans depending on the level of risk you are willing to take. Keep in mind that high-risk options mean you can easily lose the money, but you will get a pretty sum if you turn out to be right. Low-risk options may not have high returns even if you are right.
Automatedbinary runs a proprietary website and an App on both iPhone and Android platforms. Engaging on the platform is quite simple. You just sign up, choose the broker you want to work with, and fund the broker account. Keep in mind that the payouts and bonuses you get are dependent on the broker you choose. The brokers have different accounts on offer depending on the amount you can deposit as the minimum deposit.
You then embark on setting up the robot. Choose the risk plan you are willing to work with. Automatedbinary offers three risk plans. They include;
- Safe classic – this is a basic low-risk plan. It is a great place for novice traders to begin so that they have time to study the trends before possibly losing a lot. You can set the trade amounts to be anywhere between $5 and $500.
- Compound martingale – this is a high-risk plan. It is mainly used by casino gamblers. This plan is better for a veteran who has studied the trends for a while and knows what to do when. You can easily lose the money on this plan, but you will be smiling all day long if you turn out right.
- Accurate Fibonacci – this plan is a middle ground between the latter two. Many traders choose this plan. It represents reasonable risk levels and impressive returns when your speculations are on point. You could still lose though.
The next part of setting up the robot is the match indicators. The indicators are the prompts that tell the robot when to buy or sell. Automatedbinary offers six indicators. You can choose one that you are comfortable with, or multiple if you know how to work with them. Keep in mind that the indicators must send identical prompts for the robot to execute any trade. If you are using two indicators, both indicators might signal to buy for the robot to sell. It applies the same if you are using six of them. More indicators reduce the risk involved in the trade. However, you might end up with zero or very little returns if you combine too many indicators. Automatedbinary works with the following indicators.
- TREND indicator
- CCI indicator
- RSI indicator
- Williams indicator
- Stoch indicator
- MACD indicator.
Zoomtrader is a Belgium-based binary options trader. Just like many others, it offers the opportunity to trade in stocks, forex pairs, and commodity movement. Zoomtrader has a very interactive platform. However, the platform has no information about its previous trades or revenues generated. That is always a red flag.
Just like all the others, Zoomtrader offers web and mobile trading platforms. It features three types of trading accounts. The accounts are as follows;
- Bronze – this account requires a minimum deposit of $1000. It has one trading strategy, weekly market reviews, and an introductory video course.
- Silver – this account requires a minimum deposit of $5000. It features two trading strategies, daily and weekly market reviews, introductory and advanced video course.
- Gold – this account requires a minimum deposit of $100000. It features five trading strategies, daily and weekly market reviews, introductory and advanced video course, individual account manager, weekly one-on-one trading sessions and same day withdrawals.
ZoomTrader features payouts of up to 83% profit on investment and bonuses of up to 100% on the first deposit.
Hyoption is a binary options broker that is licensed by CySEC. It is owned by a company called HYCM based in Cyprus. Hyoption just like many other brokers allows you to trade in binary options using various assets. It offers up to 100 assets that you can trade with. Hyoption does not offer much information regarding how many subscribers they have on the platform, or the revenues collected. Their trading platform has similar features as many other brokers that we have reviewed.
The Hyoption trading platform is user-friendly and features most of the basic features we have become accustomed to. They operate both proprietary webs and Apps on both Android and iPhone. The system allows you to choose an asset of your choice and speculate on its trend over a preferred period of time. Hyoption have a wide range of options with regard to time. The options range from 30 seconds options to 1-month options.
Hyoption has a very straightforward and easy to use the account. The minimum deposit for a Hyoption account is $100. The minimum investment amount is $5. It offers maximum payouts of up to 83% profit on the invested amount. Hyoption offers bonuses of up to $10000 for new traders. The bonuses are subject to terms and conditions regarding their withdrawal though.
24option is an online trading platform based in Belize City, Belize. It has been around since 2020, and it is one of the most stable and reliable trading platforms. It is under the rules and regulations of CySEC (we are going to talk about this later on in the review). 24optios’s binary trading is enabled by a third-party entity named TechFinancials trading platform. 24option does not accept traders from the US and Australia.
24option has a website and Apps on both play store and Apple store. Once on the platform, you choose the CFD (contract for difference) you want to trade with on the upper toolbar. There is a filter to control the CFDs you want to see. The platform features indices, forex, stock, and commodities. Next is to choose the direction in which you want to invest. There are numbers in the Buy/Sell buttons that indicate the points required to pass for a successful trade. You trade has to be higher than the number indicated in the buttons. Then choose the duration for which you want to trade and confirm. The graph will show you the progress of your trade. Green means your speculation is positive while red means they are negative.
- The minimum deposit on 24option is $250
- The minimum investment is $24
- The maximum returns are 88% profit on your stake
- There are bonuses of up to 100%
- Regardless of a high minimum deposit 24option has already carved a name for itself as one the best option trading brokers.
Binomo is yet another Seychelles-based binary options broker that has been in operation since 2020. It has been providing brokerage services for Russians. Binomo is registered and regulated by the EU. Binomo prides itself on unique and affords trading conditions. It is hailed as one of the safest and most reliable binary trading platforms in the industry. It is a great platform for binary trading newbies too. It has a wide range of training resources.
In 2020 Binomo had the best trading platform. It still has one of the best trading platforms today. When the platform was launched in 2020, it shook the market and won Binomo a huge chunk of the market. Binomo offers up to 80 assets that you can trade with. The assets include some of the worlds largest companies. Binomo offers four types of accounts each with different privileges depending on the minimum deposit. The accounts are;
- Demo account– this account is meant for novice traders to experiment before they start staking actual money.
- Standard account– the minimum deposit for a standard account it as low as $10. This account allows you access to the real market and analytical support. You can also take part in tournaments and special offers. This account has payouts of up to 83% profits on the staked amount.
- Gold account– this account has a minimum deposit of $500. The privileges of this account include an expanded list for trading assets, a personal manager, bonus funds and 5% refund on losses. This account has payouts of up to 86 % profits on the staked amount.
- VIP account – this account attracts a minimum deposit of $1000. It is accompanied by privileges such as 10% refund on losses, the widest choice of assets, personal manager accessible on skype, and 4 hours withdrawals. This account has maximum payouts of up to 90% profits on the staked amount.
Best Binary Options Broker Selection Guide
The reviews above are meant to give you insight about how binary options trading works and the various brokers involved. Our aim is to ensure you have a blissful and profitable trading experience. It would be unfortunate for you to invest your hard-earned cash into a certain platform, only to lose it all. Before you settle on any of the brokers, there are a few common factors you are supposed to consider. The factors are;
Licensing and Regulation
The binary options brokers are supposed to be licensed for operation by the relevant authorities. They should be operating under the regulation of these authorities. The regulation is always in place to ensure you are protected from scams. If you are not a financial analysis professional, it would be difficult to tell whether the market trends being displayed on the charts are real. The regulation is meant to ensure the brokers do not take advantage of the naivety of some traders. Regardless of any reviews you might have seen about various brokers, ensure the broker you choose to trade with is licensed and under regulations. For instance, CYSEC is one of the most respected regulation bodies. It regulates brokers based in Cyprus. It might be challenging to best binary options brokers for us traders because of USA’s tight regualtions.
Ultimately, you can only invest the amount that you have. Take time to explore the various binary options brokers whose minimum deposits you can meet. Fortunately, many of the brokers have broken down their services into various packages for people with different financial capabilities. Check relevant reviews to find out which of the brokers whose minimum deposit you can meet is best for you. They are a number of brokers with very minute minimum deposits.
Different brokers offer different percentages of payouts. Obviously, everyone would want the broker with the highest payouts. Compare the payout and other factors such as customer support, market signals and tips, educational materials, and others. This will help you judge how fair the payouts the broker is offering are.
The reviews and guide above should help you choose your best-suiter binary options broker. We sincerely hope this review can help you trade in binary options profitably. The review has some of the top binary options brokers. You should be able to get a great binary options broker. Happy trading!
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