IQ Option, a Binary Options Broker Investing for the Long Term!

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

Contents

IQ Option: Top Binary Options Broker

Ever since the US Securities and Exchange Commission approved binary options in 2008, numerous traders have been interested in expanding their investments and exploring binary options trading. And s ince there’s an expanding list of available brokers today, it’s challenging to narrow down your choices to find the one that suits your preferences. With that, we’ve gathered the popular brokers to help you jumpstart your search.

To help you, we provide the lowdown on the top 15 popular binary options brokers of 2020 that you can consider for trading. Hopefully, the list will let you find the best broker for your investment needs and expectations, and start successfully trading on your own.

Binary options trading may have gotten a bad rap because of its all-or-nothing premise, but the high payouts keep traders coming back for more. This is why binary options markets remain strong in various regions around the world, particularly in Asia.

To avoid fraud in binary options trading, choose a trustworthy broker. These brokers can help minimize your losses and provide a measure of security for your funds. Some traders turn to smart contract-based binary options transactions to fortify their deals using blockchain technology.

Each broker also offers different options in terms of minimum deposit, maximum returns, and supported assets. Some brokers even allow traders to use cryptocurrency to fund their accounts or get payouts. The benefits of blockchain and the advantages that global fintech trends exert significant influence on the binary options trade.

To match you with the best binary options broker for your needs, we’ll take you on a tour of the top binary options brokers today. Our analysis of each broker lays out the most important features, including deposits, returns, bonuses, and supported platforms. This way, you can make an informed decision and get the best protection for your funds.

Top 15 Binary Options Brokers

1. IQ Option

IQ Option was established in 2020 and had since then received favorable reviews on the internet. It uses in-house software for trading. The maximum returns are 95%. However, traders in the USA, Australia, Canada, Russia, Belgium, Japan, Turkey, Israel, Iran, Sudan, and Syria are not accepted. IQOption Europe Ltd. is well-known for reliable broker services, as it is regulated by the CySEC.

It provides a wide array of web-based and mobile features that help make binary trading transparent, reliable, and more efficient. For instance, it offers a speed trading service with up to 5-minute increments and hourly binary options in 15-minute increments. It also offers trading expiration periods of up to a month. Moreover, its Digital Options service allows users to trade gold in over 500 assets.

IQ Option

Try out IQ Option with their free trial

This popular binary options tool offers a free demo account to help you get started. The minimum deposit is just $10 for the Real Account. And for the premium VIP account, the minimum deposit is $3,000. Customer support is currently offered via email, phone, and live chat. Finally, this broker offers multiple convenient deposit and withdrawal methods to help you trade easily.

IQ Option Key Features

  • Minimum deposit: $10
  • Minimum trade size: $1
  • Maximum returns: 95%
  • Supported trading platform: proprietary web, Android, iPhone

Detailed IQ Option Review

2. 365Trading

365Trading is registered with the CySEC and based in Cyprus. It was founded in 2020 and has since traded in the EU without issues. It primarily trades in binary options. As of this writing, US traders are not accepted.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

The minimum deposit is at $100, with profits and bonuses reaching 85% and 100%, respectively. You can open a demo without deposit and try their long- and short-term expiries.

The platform, an in-house system, is robust and ideal for veteran traders. It features charts, lines, and candlesticks and provides historical analysis, functioning as a business analytics tool. The platform allows you to set up three assets with quick access shortcuts. Likewise, you can trade four assets simultaneously featuring a main window and three sub-windows.

Support is available via email and phone.

Detailed 365Trading Review

365Trading Key Features

  • Minimum deposit: $100
  • Maximum returns: 85%
  • Bonuses: up to 100%
  • Supported trading platform: proprietary, web, Android and iPhone

3. Ayrex

Ayrex is based in the UK and has a pending application with CySEC. It trades in 70 assets and is focused on binary options. As of today, US traders are not accepted.

The minimum deposit is $25, one of the lowest, while the bonus is up to 10%, 20% and 30%, based on the amount of your deposit for Ayrex account holders.

The broker uses a proprietary trading platform featuring instant withdrawals, which is unique in the niche. The interface is neat and lets you quickly jump to different trades. It’s ideal for short-term trading. High/Low options are also available.

Support includes 24/7 live chat and via email. Likewise, the system is accessible from Android and iPhone apps.

Detailed Ayrex Review

Ayrex Key Features

  • Minimum deposit: $25
  • Minimum trade size – $5
  • Maximum returns: up to 85-90%
  • Bonuses: $30 no-deposit new account, up to 30% on the trade
  • Supported trading platform: proprietary, web, Android and iPhone

4. OptionFair

OptionFair was founded in 2020 and is based in Cyprus. It is regulated by the CySEC and is also listed on the London Stock Exchange, a first among binary options brokers. US traders are not accepted. The broker trades in forex, CFDs, and binary options on 118 underlying assets.

The minimum deposit is $100, with returns up to 100%. However, there are no indicated bonuses, but you can always contact support for possible terms. The expiry time is shorter than average but makes for quick returns over short-term trading.

The broker uses its own platform that allows you to shift trading from forex to binary and to CFDs, from a single interface. It gives you access to myriad assets and instruments and a wide range of expiries. You can, in fact, trade simultaneously on forex and binaries. Mobile apps for Android and iPhone are available.

There is phone support in five international numbers, including English, Spanish, Italian, and French. Email and live chat support are likewise provided.

Detailed OptionFair Review

OptionFair Key Features

  • Minimum deposit: $100
  • Maximum returns: 100%
  • Bonuses: none
  • Supported trading platform: proprietary, web, Android and iPhone

5. BinaryTilt

BinaryTilt is an unregulated broker with headquarters in London, England, but is wholly owned by Cyprus-based Depix Holdings. Although it isn’t overseen, the broker seems to have a clean record with rare warnings from authorities. US traders are not accepted. It trades in stocks, indices, forex, and commodities across 150 underlying assets.

The minimum deposit is $250, with profits of up to 85%. Likewise, bonuses can reach 100%. Trading styles include high/low, one-touch, range, and on-demand. The stocks are also mainly US or EU-based companies.

The trading platform is SpotOption, a standard but increasingly old school tool compared to newer platforms today. The UI is familiar, and the elements are organized, good enough for first-timers to kickstart their trading without a hassle. Support is via chat, while Android and iPhone apps are available.

Detailed BinaryTILT Review

BinaryTilt Key Features

  • Minimum deposit: $250
  • Maximum returns: 85%
  • Bonuses: up to 100%
  • Supported trading platform: SpotOption, web-based, Android and iPhone

6. GTOptions

GTOptions is another Cyprus-based binary options broker. It uses the SpotOption trading platform, which is one of the most dependable web-based solutions in the market today. Its interface is smart and easy to use, with color-coded buttons and tabs arranged per type of trade offerings and asset offerings to be traded.

This binary options platform also offers several intuitive tools to help traders achieve better outcomes. For instance, it has a risk management feature that allows traders to cash in on their live trades before contract expirations. Likewise, it has a binary meta mode that supports high-level trading, specifically designed for professional traders.

Finally, the vendor offers 24/7 customer support and provides an extensive library for education and reference purposes.

Detailed GTOptions Review

GTOptions Key Features

  • Minimum deposit: $250
  • Maximum returns: 81%
  • Bonuses: Below $1000 50% bonus, above $1,000 100% bonus
  • Supported trading platform: proprietary, web, Android, and iPhone

7. OneTwoTrade

OneTwoTrade uses the popular web-based SpotOption trading architecture. The company provides the latest technological advancements for the benefit of its clients. OneTwoTrade has won an award for providing an efficient and safe trading platform that is relatively easy to use.

This fully-licensed binary options brokerage firm is headquartered in London. It is also highly regulated by government agencies, such as the Malta Gaming Authority. Moreover, OneTwoTrade is rigidly tested to ensure precision, stability, and quality.

OneTwoTrade offers two trading accounts; one is free, while the other is paid. The latter, called Privilege Plus, offers more benefits to users, including comprehensive market analysis, special promotions, and anytime access to senior account managers. Privilege Plus members also get either an iPhone or iPad that’s equipped with a special mobile trading app.

Detailed OneTwoTrade Review

OneTwoTrade Key Features

  • Minimum deposit: $200
  • Maximum returns: 65% to 85%
  • Bonuses: not specified.
  • Supported trading platform: proprietary, web, Android and iPhone

8. 99Binary

99Binary operates from Anguilla, a British overseas territory in the Caribbean. Started operations in 2020, this binary options trading company serves clients in the US and worldwide. It has a well-designed, comprehensive online portal that offers numerous features, tools, and trading information.

This HTML-based binary trading solution offers users the convenience of a clean, clutter-free dashboard design. Users will appreciate how the site presents data on the latest success trades of other users, which can be easily copied for later use.

Another notable feature of 99Binary is its trading turnover requirement. To cash out bonuses, customers must achieve a particular turnover quota, which goes down for every tier. This is an effective motivation for traders who love bonuses.

Detailed 99Binary Review

99Binary Key Features

  • Minimum deposit: $250
  • Maximum returns: up to 86% on Standard & 60-Seconds, and up to 350% on One Touch
  • Bonuses: To cash out bonuses, Starter level users must reach 30x turnover. For Premium users, 20x turnover is required.
  • Supported trading platform: proprietary, web, Android and iPhone

9. Binary.com

UK-based Binary.com is a licensed broker regulated in the British Isles, Malta, Ireland, and the UK. However, US, Canada, Japan, Hong Kong, and Costa Rica traders are not accepted. It is one of the more transparent companies in the industry that declares its owning company and market operations. Formerly the BetonMarkets, Binary.com blends gambling and trading but with transparency. It offers CFDs, FX margin, and crypto trading via MT5.

You can start the trading time aside from the expiry date, and the investment amount is based on the payout you set. The minimum deposit is $10, and for e-wallets, it’s even lower, at $5.

Bonuses are not standard; rather, they consist of two types–the Deposit Bonus and Free Bonus. Likewise, percentages are not specified, but you are required to have as much as 25 turnovers to avail yourself of a withdrawal. There’s also a 1.5% payout commission.

The broker supports various trading platforms, such as Binary Webtrader, Binary Bot, and Binary Next-Gen. Furthermore, it can personalize client trading needs all under one roof.

Th e platform is intuitive to the first-time trader and robust for the veteran. It features a lot of visual tools like charts and technical indicators, and the tutorials on binary options are comprehensive. Likewise, it supports 12 languages and provides a virtual money account. Mobile apps are available, with a mobile payment system.

Binary.com Key Features

  • Minimum deposit: $5 for e-wallet and $10 for debit and credit cards
  • Maximum returns: 100-1000% depending on contracts and trades
  • Bonuses: not specified
  • Supported trading platform: proprietary web, Android and iPhone

10. eToro

Tel Aviv, Israel-based eToro is a social trading network and not a broker. It allows you to copy the leading traders in its community and, hopefully, realize the same margins. Conversely, your trading can be copied, which earns you additional income.

In this platform, you invest in people, not currencies. You will have to be mindful of other traders’ behaviors and analyze their patterns or strategies, instead of learning financial charts and indicators.

No worries, eToro provides more than 16 lectures and video courses on how to hone your skills. These include identifying consistent traders, not just one-shot deals. You also get a list of the best traders on currencies, indices, and commodities across a wide range of underlying assets.

On the B side, you can share your trading insights and enroll in the Popular Investor Program as a trade authority. While the minimum deposit is $200, the maximum returns vary. The network uses its in-house trading platform with Android and iPhone apps.

eToro Key Features

  • Minimum deposit: $200-$10,000, depending on the country
  • Maximum returns: varies
  • Bonuses: not specified
  • Supported trading platform: proprietary, web, Android and iPhone

11. 24Option

24Option has been online since 2020 and is a stable and reliable broker as it is regulated by the CySEC. It uses the third-party TechFinancials trading platform. Maximum returns are up to 88%. This broker does not accept traders from the US and Australia.

The minimum deposit amount is $250, and the minimum investment amount is $24. Trade types offered are high/low, one touch and no touch, boundary, and 60 seconds.

A demo account is offered for new traders. You can enroll in Standard, Gold, or Platinum account depending on the amount you deposit and the features you want. 24Option provides customer support via phone, live chat, and email in English and 13 other languages.

24Option Key Features

  • Minimum deposit: $100
  • Maximum returns: 88%
  • Bonuses: up to 100%; 25% or $500 (whichever is lowest) for first-time depositors
  • Supported trading platform: TechFinancials web, Android and iPhone

12. ETX Capital

ETX Capital is headquartered in London, UK, and regulated by the British Financial Conduct Authority (FCA). It trades in forex, equities, indices, and commodities, but note that binary options are unregulated by the FCA. Likewise, US traders are not accepted as of this writing.

The broker takes pains in educating newbie traders, explaining in detail binary options, risk trading, and other key topics.

The minimum deposit is $100, with returns between 75% to 85%. Bonuses are not specified but are available. A call to their support should specify a personalized bonus based on your investment. Likewise, withdrawals above $100 are free of charge.

The broker uses MarketPulse as a platform. It is clean and intuitive for beginners with expiry times easy to locate. However, it only supports English.

ETX Capital Key Features

  • Minimum deposit: £200 (around $260)
  • Maximum returns: 100%
  • Bonuses: varies, personalized
  • Supported trading platform: MarketPulse, web, Android, and iPhone

13. CMC Markets

UK-based CMC Markets has been a forex broker since 1989 but only went into binary options in 2020. Still, that’s a long history of trust and reliable operations compared to most binary options brokers. On top of that, it is regulated in the UK.

Today, it trades in indices, commodities, shares, treasuries, and forex, but US clients are not yet accepted. There is no minimum deposit, and there are no bonuses, too. Returns also vary depending on the product.

Meantime, the platform is customizable and includes charting tools, pattern recognition functionality, various screen layouts, and multiple timeframes. The system is accessible from Android and iOS devices. Support is UK-based and consists of live chat, email, phone, and fax.

CMC Market Key Features

  • Minimum deposit: no minimum deposit
  • Maximum returns: up to 95%
  • Bonuses: none
  • Supported trading platform: proprietary web, Android and iPhone

14. EmpireOption

Founded in 2020, Uruguay-based EmpireOption with a registered address in London, England. As with most brokers, US traders are not accepted. The broker trades in forex and CFDs with a diverse underlying investment portfolio.

The minimum investment is $200 and up to 80% maximum returns. Likewise, bonuses can reach 100%, but terms apply.

The trading platform is SpotOption but minus the SpotOption payment network. EmpireOption also uses its own branding interface and maintains control of most of the trading aspects.

Phone and email support are available.

EmpireOption Key Features

  • Minimum deposit: $200
  • Maximum returns: 82%
  • Bonuses: up to 100%
  • Supported trading platform: SpotOption, web, Android, and iPhone

15. BinaryMate

Binarymate is a UK-registered broker that is reliable as it follows the strict financial regulations of the UK. It accepts US traders. This broker uses a unique in-house platform for trading. You can earn a maximum return of 90%.

Trading accounts start with the basic Bronze package for which the minimum deposit is $250, and you get a 20% welcome bonus. For Silver account, the minimum deposit is $1,000, and you get a 50% welcome bonus. Finally, for the premium Gold account, the minimum deposit is $3,000, and you can choose between risk-free trades or a bonus of $250.

A unique customer support feature offered by Binarymate is live video chat with agents who are available 24/7. Support is offered in English, French, Spanish, and Russian. Last but not least, you can use the demo account to learn the ropes or to improve your skills. Before you decide on a broker, though, it’s always best to make a binary options brokers comparison first to make sure you pick the best service.

BinaryMate Key Features

  • Minimum deposit: $250
  • Maximum returns: 90%
  • Bonuses: up to $250, risk-free trades
  • Supported trading platform: proprietary web, Android and iPhone

How to Succeed in Binary Options Trading?

Many people pursue to trade in binary options even though many fail. This is because of the ease of trading, coupled with the high-profit potentials it offers. However, with thousands worldwide continuing to trade in binary options every single day, is it still possible to succeed in this lucrative trade?

A good place to start is to have an authoritative list of today’s top binary options brokers. So that’s now a check. Likewise, make sure you have the appropriate payment gateway providers for seamless payment transactions. Finally, check out these key elements that will help you succeed in binary options trading:

  • Learn how to interpret historical, current, and predicted charts.
  • Test various trading strategies and use one that works for you.
  • Always consider market indicators.
  • Learn to control your emotions, use them to your advantage.
  • Trade by capitalizing on your strengths and follow your signals.
  • Prepare and stick to a personal, long-term trading plan.

Yes, because of the high stakes involved, trading in binary options is really difficult and high-risk. But if you’d take the time to learn the ropes and sustain your commitment to it, it is realistic to succeed in the binary options trade.

Check out our 2020年最受欢迎的15家二元期权经纪商:哪一家是最好的? article for a Chinese version of this article and 15 nhà môi giới quyền chọn nhị phân phổ biến của năm 2020: Ai mới là tốt nhất? is available for the Vietnamese audience. There is also a Korean version available here: 2020년 최고 인기 바이너리 옵션 브로커 15개사, 누가 최고일까?

IQ Option

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.

Trading Platform

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.

Strategy Tools

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.

Charting

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:

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.

Mobile App

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

Demo Video

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.

FX Options

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.

CryptoCurrency Multipliers

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.

Account Type

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.

Payouts

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.

Promotional Code

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.

History

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.

Regulation

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.

Demo Account

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.

Countries

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:

  • Malaysia
  • Singapore
  • Thailand
  • India
  • Pakistan
  • Philippines

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.

Tournaments

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.

Strategy

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.

Review Conclusions

Pros

• 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

Cons

• Smaller range of markets than some rivals on forex and cfd
• Self build robot / auto trading feature removed.
• No MT4 integration

Complaints

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.

Registration

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.

Contact Details

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

Compare Binary Options Trading Accounts and Brokers

Binary options offer a trading style that combines high potential return on investment with simplicity and a quick learning curve. To help you understand whether binary options trading is the right investing tool for you, this article explains the basics of binary options, their advantages and disadvantages. We list top UK binary brokers and review each broker in detail. Use a demo account if you want to trade for free without risking any real money.

Binary Options Brokers List

When reviewing a binary options broker, the team has looked at the following items: software, customer support, deposit methods, available assets, withdrawal time, licensing and security. Based on the reviews our editor team has created top list. Furthermore, for more information about each brand, kindly have a look at the in-depth reviews for each brand.

How to Find the Best Binary Broker

Identifying the best UK binary options broker will depend entirely on the needs of the specific investor. When selecting a regulated broker, an investor needs to consider a whole range of things, including the asset class, or market, they want to invest in and the size of their average investment, to name but two.

We have collated all the useful facts that will help an individual to select which trading broker they would like to open an account with. We have also checked our most frequently asked questions, and know that the following features are important when traders are deciding on a broker;

  1. What is the Minimum Deposit?
  2. What is the Minimum trade?
  3. Does the broker offer a Demo Account?
  4. Does the broker offer a Signals service?
  5. Does the broker provide trading via a Mobile app?
  6. Is there a Bonus available for new trader accounts? (Terms and conditions are equally important)
  7. Who has the best binary Trading Platform?
  8. Which broker has the best Asset lists and markets?
  9. Which broker has the largest range of Expiry times?
  10. Who are the Regulated binary options brokers?
  11. What types of options are available? (Touch, Ladder, Range, Pairs etc)
  12. Software Integration (MetaTrader 4 or 5 for example)
  13. Which Deposit options are available?
  14. How quick are Withdrawals, and which method can be used?

We try and answer as many of these questions as possible in our broker summary table, but we cover them in much more depth within each review.

Regulated Brokers

For example, regulation is a key issue. Our comparison table will show if a broker is regulated, and our broker reviews will be specific about which regulator is responsible. In the UK, the Financial Conduct Authority (FCA) regulate a number of brands already – not because they trade binary options – but because they also allow clients to trade Contracts for Difference. Some binary options brokers have chosen to register with the FCA – but this is not the same as being regulated by them. It is a key point if UK traders in particular want the piece of mind that FCA regulation gives.

Bonuses

Bonuses are generally paid as a deposit match, or sometimes once a set number of trades have been settled, for a set amount. Either way, there are generally restrictions, or terms and conditions that need to be met before the funds are available to be withdrawn.

It is worth spending some time understanding those terms before signing up. If the terms are not likely to be met (for example a volume of trades within the first few weeks) then the bonus loses any appeal and that broker may no longer be the best choice. There are also some terms which restrict even the the withdrawal of the initial deposit – not just bonus funds. These are thankfully rare – but highlight the need for checking.

Minimum Deposits

For those investors looking to get involved with binary options for the first time, minimum deposit requirements may be of interest. Some looking purely to experiment, and only risk small amounts, will find a broker with a smaller minimum deposit restriction more appropriate. Likewise, all brokers will have a minimum trade requirement too.

These can vary significantly. There will be some investors for whom neither of these are a consideration and if so, these factors do not need to form part of their selection criteria. Minimum trade figures range from £1 to £25 – which is a very sizeable difference if a trader plans to trade frequently. Our comparison tables highlight the trade sizes for every broker, so these can be compared easily.

Demo Accounts

Most binary options traders offer free demo accounts that provide the same functionality as a regular trading account but allow you to trade for free with play money instead of real money. In this risk-free environment, you can make as many trades as you want and learn the basic of binary options trading. When you know what you are doing, you switch to real money trading and turn a profit from the start.

By allowing traders to make many trades per day in a risk-free environment, binary options offer the ideal environment to learn how the market works. Even if you find out that binary options are not the right investment tool for you or plan eventually to trade stocks anyway, you can immensely profit from starting your trading career with a binary options demo account. There is no better boot camp to learn how the market works. In a few weeks, you can learn more about yourself, the market, and your talents than with other types of investments in a few years.

What Are Binary Options?

Binary options are a new form of investing. The name binary options implies the most important characteristic of the asset: the result is binary. You are either paid a fixed payout when you are correct, or lose the entire investment when you are wrong. It is a high risk / high reward form of investment. With binary options, you make a prediction about the price movement of an asset.

  • If your prediction comes true, you win your option and get a predefined payout.
  • If your prediction is wrong, you lose your option and the money you invested in it.

The system is similar to sports betting. In sports betting, too, you make a prediction, and if the prediction comes true, you get a predefined payout. If the prediction is wrong, you lose your investment. The only difference is that the basis for sports bets is sports events – which are difficult to predict.

Binary options are based on financial assets such as stocks, indices, currencies, and commodities, which makes predictions easier. Just like sports bets, binary options offer a wealth of possible predictions.

Over time, binary options brokers have developed many different binary options types that allow you to make different predictions about the market. Each of these binary options types is defined by three all-important values:

  1. The payout. They payout defines the profit that you make if your prediction is true. If you get a payout of 90 percent, for example, you would make a profit of £90 on an investment of £100. You know the payout you can get before you invest. Your broker constantly updates the options it offers and the payouts you would get if you invest in them.
  2. The expiry. The expiry defines when your broker measures whether your prediction came true or not. With an expiry of one hour, for example, your broker will compare your prediction to the actual market movements in exactly one hour. The special characteristic of binary options is that they use very short expiries of only a few minutes to a few hours.
  3. The target price. The target price defines the price to which your prediction is compared. Some option types use the current market price as the target price, some define the target price based on the expiry you use (longer expiries will lead to target prices that are further from the current market price), and some allow you to use the target price.

The most popular binary options types are:

  1. High/low options. High/low options are the classic binary options type. You predict whether the market will trade above or below the current market price when your option expires. If you are right, you get a payout of 70 to 85 percent. Expiries range from 5 minutes to a few hours.
  2. One touch options. One touch options define a target price, and if the market reaches the target price, you win the option. They are also referred to as “Touch / No Touch” as it is also possible to open a trade hoping the target price will not be reached (or ‘touched’).
    In contrast to high/low option, the market does not have to remain at the target price level. You already win your option if the market touches the target price for a split second. Most brokers offer one touch options as a standard version with a target price close to the current market price and a payout similar to high/low options and a high-yield version with a faraway target price and a payout of up to 300 percent.
    Touch options do not have to wait until expiry before they settle. If the touch price is reached, the trade ends immediately, paying out on ‘touch’ trades, and closing ‘no touch’ trades as a loss.
  3. Short term options. Short term options cover any expiry of less than 5 minutes. The most popular are 60-second options. Some brokers also label them turbo options. They work just like high/low options but use shorter expiries of only 30 seconds to 240 or 300 seconds. Their payouts are similar to high/low options, too.
  4. Long-term options. Long-term options are high/low options with of expiries of a few days to weeks, months, and even years. If you like to make long-term predictions with binary options, long-term options are the ideal tool for you. Popular longer term expiries are ‘end of day’ (which expire when the markets for that asset close) and ‘end of week’. The exact expiry time will be clearly stated, but when trading assets like foreign exchange, there is no central market – so it is worth checking what the broker considers as ‘close of business’ for end of day, or end of week trades.
  5. Boundary options. Boundary options define a price channel around the current market price. When the market leaves this price channel (goes above or below the high and low limits), you win your option. Boundary options are the only binary options type that uses two target prices, both equal in distance from the current market price, one above it and one below it. Just like one touch options, most brokers offer boundary options in a normal and a high-yield version, with the high-yield version being ideal for strong movements. Boundary options are also the only binary options type you can win without predicting the market’s direction – a strong movement is enough, regardless of its direction.
    Boundaries can also be used in flat markets, where traders can predict the prices remain within the boundary range. These trades offer the choice of backing “In” or “Out” as opposed to the high and low of standard binaries.
  6. Ladder options. Ladder options define five or six target prices. For each of these target prices, you can predict whether the market will trade above or below it once your option expires. Ladder options allow both for the highest payouts and the safest predictions, depending on how you use them.
    When you predict that the market will trade above a target price that is far above than the current market price, you can get a payout of up to 1,500 percent – but you also need to find a very strong movement. When you predict that the market will trade below a target price that is far above the current market price, you are making a very safe prediction – but you only get a payout of around 20 percent.
    Each ‘rung’ of the ladder behaves just like a standard High/Low option – but the target price is further away. They offer traders a good way to exploit volatile markets.

With this wealth of available option types and trading styles, binary options offer every trader the right tool to trade the financial markets. You can execute every type of strategy that you want, and you make any prediction.

From high-risk to low-risk, from short-term-to long-term, whichever trading style suits your character best, binary options have the right trade type for you.

A History Of Binary Options

The basic idea of binary options is not that new. It has its origins in classical options. For decades, professional traders used to invest in future contracts with fixed expiration dates that predicted whether an asset would trade above or below a certain price.

Unfortunately, these futures were complicated – and also generally not available to retail investors. It took newcomers months and years to just master the basic terminology, and the way was paved with many expensive rookie mistakes. Many people lacked the time and the money to go on such a long journey.

Binary options were developed to help these traders. Binary options still allow you to predict the price for which an asset will trade at a specific time, but they do so in a simple way.

  • Simple platforms. Instead of having to work through complex lists of assets containing complex values, binary options brokers offer simple trading platforms that everyone can use. You can even download these platforms as apps to your mobile phone. Learning them requires little more time than learning a new mobile game.
  • Quick risk/reward calculations. The price worth of a classic futures contract depends on many complicated factors – remaining time, current market price in relation to strike price, etc. For newcomers, it is almost impossible correctly to understand and predict the development of these prices. Binary options have simplified the pricing. They tell you in advance which payout you can get if you win your trade. Knowing what you sign up for will make it easier for you to predict whether this is a trade you should make.
  • Unmatched profitability. Binary options allow you to make a profit of 75 to 90 percent within a few minutes, some binary options types even offer you payouts of up to 1,500 percent. When you buy and sell a stock over the same period of time, you will make around 0.01 percent of profit – in the best case.
    By enabling traders to make large profits with small movements, binary options enable you to make shorter trades. Shorter trades mean more trades, and more trades with a higher profitability per trade mean more profits. The new thing about binary options is the simplicity, the clarity, and profitability that make it easy for newcomers to learn the trading style.

Binary options are so popular because they combine three of the most important aspects of trading: simplicity, no fees, and a quick learning curve. Let’s take a closer look at each of these advantages:

Advantage 1: Simplicity

We have already touched on this point a few times, but we can’t stress it enough. If you like to keep things simple, you should give binary options a try. Sophisticated simplicity is generally considered the holy grail of financial investing. By keeping things simple, you reduce mistakes and increase the number of trades you can make, which in turn increases your earnings potential. Binary options can help many traders achieve this goal.

Advantage 2: No Fees / Trading Costs

When you trade a binary option, there are no fees. When you win an option with a payout of 75 percent and an investment of £100, you get a total return of £175 and make a profit of £75. There is no hidden money drain, and you always know exactly what you signed up for. This simplicity is a great help to traders, especially to newcomers. You can be completely sure that all the money you make will end up in your account, and that there will be no surprises. With stocks and other classic assets, however, you might find that the fees will eat up all your profit. This advantage especially benefits traders with little money. When you get started with £100, you can still effectively trade binary options. With stocks, where you would pay at least £10 per trade in broker fees, this would be much more difficult. Every trade would eat up 10 percent of your account balance in fees – hardly a profitable setup.

Advantage 3: Quick Learning Curve

Most of us have at some point tried to trade stocks. But how far did we come? Would you say that you really know what you are doing? Despite many years of experience, most stock traders still guess which stock will rise and which will fall. These problems are only natural because stocks have a few major disadvantages that make mastering their trading difficult. Luckily, binary options offer a much better, quicker learning curve.

Binary options allow you to make more trades. The only way to learn how to invest is by doing it. With stocks and other conventional assets, it often takes months or years before you know whether you made a good or a bad investment. Over the course of a year, stock traders might only make two or three trades. With so few lessons, it is impossible to learn. Binary options use expiries of a few minutes to a few hours, which is why binary options traders can easily make 10 or more trades a day. With so much feedback, you learn much faster and more easily.

What Else Do I Have To Know?

One of the most important aspects of binary options that new traders overlook is that binary options are solely between you and your broker. This means, there is no market on which binary options are traded and to which your broker helps you to get access. Your broker directly creates its binary options and offers them to you.

  • With stocks, for example, there is a central stock market. A stock broker helps you access this market. When you buy a stock, the price you pay depends on the price that the market dictates. Different brokers might vary slightly in the fees they apply, but you will pay the same price for a stock, regardless of which broker you use.
  • There is no central binary options market. Each binary options broker creates its own binary options, payouts, and expiries. This is why different brokers will offer different expiries, payouts, and binary options types. Even when you make the exact same prediction with three different brokers, you are likely to get three different payouts.
    While some brokers do offer openly traded binary markets – the broker has created these – it is not a public market.

This difference is why finding the right broker is much more important with binary options than with stocks. Stock traders who know what they are doing can make money with any broker, but for binary options traders, picking the right broker might be the difference between turning a profit and losing money.

To help you find the right broker, we have reviewed all binary options brokers and created a top list. Take a look at the list and pick the broker that suits your style. Remember that demo accounts give you the chance to try them all out and decide what works for you personally.

How To Get Started With Binary Options

To get started with binary options, here’s what you have to do

  1. Find the right broker. To start your career, you need a broker. Brokers also provide you with the demo account that you need to learn trading binary options risk-free, so finding a broker you like is your first step. Take a look at our top list, compare and review the broker you like best.
  2. Open a demo account. Once you have found the right broker, open a demo account. Some brokers offer demo accounts as stand-alone accounts, which means that you can sign up directly for the demo. Other brokers offer their demos as features of their regular accounts, which means that you have to register for a regular account and then use the demo. Both options work, but those that offer a demo account with ‘no strings’ clearly have more confidence in their platform.
  3. Find the right strategy. To make money with binary options, you need a solid strategy. Random investing is the number one reason why people lose money. Your strategy defines when you invest, how much you invest, and how you monitor your success.
  4. Perfect your strategy with your demo account. Try your strategy with your demo and trade as long as you need until you can guarantee that you will make a profit by the end of the month. As long as you keep losing money, try new strategies and different improvements until you find what works for you.
  5. Switch to real money trading. Once you know that your strategy works, it is time to trade for real. Switch to real-money trading, and you should be able to get good results from the start.

Conclusion

Binary options offer a trading style that combines high potential with simplicity and a quick learning curve. For newcomers, binary options are a great way of learning the basic ways in which the market operates, and if you use a demo account, you can get your crash course completely risk-free. To become a successful binary options trader, the most important step you can take right now is choosing the right broker for your career. Take a look at our top list, and you will get a great start.

Although binary options have existed for some time, they were not commonly known until a few years ago, and were often part of a more complex ‘exotic’ trade. However, after the global crash of 2008, many investors wanted a simpler way to trade. In 2008, the American Stock Exchange opened the way for exchange-traded European options (trades which either return cash or nothing at a set expiry date). This new trading format paved the way for a whole wave of binary options online trading sites.

5 Tips for Successful Binary Trading

Binary options trading has become one of the most popular methods of trading financial assets for profit. Its easy trading style and accessibility to investors without large amounts of capital have allowed it to very quickly come to the forefront of the online investing world. However, even though it is a very simple method of executing trades, there is still a great deal of analysis and strategy involved in trading for the highest possible return rate. Here are 5 easy to implement tips and strategies for trading binary options successfully.

Specialize in a Handful of Assets

This piece of advice is most relevant in the beginning of a binary options trader’s career. Some binary brokers offer dozens or even hundreds of assets that may be traded as binary options. While this diversity plays well to more experienced traders, it is best for those who are just starting out to focus on just 4 or 5 assets. This is because every asset will have its own set of trends and factors that affect its value. Learning a few assets inside and out will allow traders to be more profitable than trying to trade every asset immediately. Of course, it is beneficial to branch out once you have become good at trading your selected assets, but it is best to start off with just a few.

Keep up to Date on Market News

While binary options do not involve the actual ownership of an asset, they are affected by the real world marketplace just as much as traditional assets. For this reason, it is important that binary options traders keep abreast of current financial news and events. For example, an astute trader seeing a potential for the euro to weaken against the dollar when the Federal Reserve raises interest rates can use that information to trade the EUR/USD currency pair profitably in that time frame. Knowing what the market is doing and why is critical to success in any trading medium.

Keep Your Trades Low

This may seem counterintuitive when it comes to making larger profits, but keeping your trade amounts low will help you to manage your risk level, resulting in less loss on options that finish out of the money. No trader, no matter how experienced, can trade to finish in the money 100% of the time. With that said, it is important to make sure that no one loss can seriously impact the amount of capital available in your trading account. A good rule of thumb is never to risk more than 10% of your capital investment on any single trade.

Learn to Trade Turbo Binary Options

Many binary brokers now offer what are commonly referred to as turbo binary options. These are options with expiry times between 60 seconds and five minutes. Analysing price trends in such a small time window is, of course, much more difficult than finding long term trends. However, traders who are willing to learn the analytical techniques that apply to turbo options stand to make substantially greater profits by doing so. The reason is that trading in short expiry windows allows a much greater volume of trades to be placed in a given time frame. For example, if a trader is executing turbo trades times at five minutes, he or she can execute six trades for every one that would be executed using a 30 minute expiry time. Traders who successfully trade turbo options can therefore greatly increase their returns in a given time frame.

Take Advantage of the Resources Your Broker Offers

Nearly all binary brokers provide a good deal of free market analysis, learning resources and even trading recommendations to their customers. Many binary traders are missing out on these valuable resources by overlooking them, instead using the broker’s website only to execute trades. This is a mistake, as binary brokers employ highly experienced traders to do their educational analysis. In additional to weekly or daily analysis and tips, many brokers offer periodic webinars or other learning events designed to help traders learn and become more successful. Take advantage of free education whenever it is available.

Glossary

When first learning about trading binary options, it is easy to be confused by the terminology that is sometimes employed. Like most specific areas of finance, there are terms found in regards to binary options that are not commonly used anywhere else. To help those who are trying to learn their way around the world of binary options trading, here is a list of some of the more common pieces of binary jargon and what they mean.

Binary Option: A type of trade that involves predicting whether the value of a given asset will go up or down. This type of trade, which has only two possible outcomes, is the basis of binary trading.

Call Option: A call option is essentially a prediction that the value of a particular asset will go up. When a trader believes that the value of an asset will increase, a call option is placed that will profit the trader if and only if the value of the asset does, in fact, increase.

Put Option: A put option is the exact opposite of a call option. It is the choice that is selected in binary options trading if the trader believes that the value of the asset in question is likely to decrease rather than increase.

Expiry Time: The expiry time of a binary option trade is the amount of time that will pass before the trade is completed and profit or loss is determined. Different brokers will have different options available for expiry times, but as a general rule they will range between five minutes and 24 hours. The expiry time is selected by the trader at the time that a trade is placed.

Open Position: Any binary options trade that has not yet reached its expiry time. An open position is a trade that is active.

Broker: A binary options broker is any company or website that provides a platform on which binary options trades may be executed. Different brokers will offer different platforms and options for traders.

In the Money: A binary options trade that finishes in the money is one that, at the time of expiry, has moved according to the trader’s prediction. When an option finishes in the money, a trader makes a return on his or her investment.

Out of the Money: The opposite of a trade that finishes in the money. A trade which finishes out of the money is one that moves against the prediction made by the trader by the time of expiry. When a trade finishes out of the money, the trader will lose part or all of the money that he or she has invested.

Turbo Binary Options: Turbo binary options, sometimes referred to simply as turbo options, are binary options with extremely short expiry times. These options will have an expiry time ranging from 60 seconds to five minutes. They are preferred by some binary traders as a way to execute more trades in a given space of time, but are also more difficult to predict according to the analysis of larger trends.

Underlying Asset: An underlying asset is any individual asset that may be traded as a binary option. Underlying assets fall under different asset categories such as commodities, stocks, indices and Forex. For example, the AUD/JPY currency pair is an underlying asset of the Forex market.

Social Trading: Social trading is a type of trading that relies on the wisdom of the crowd to make trading decisions. It is not unique to binary options, but is widely used by some binary options brokers. Social trading also commonly offers traders the option of automatically copying the trades of already successful individual traders.

Hedging: A trading strategy that involves playing off two opposing positions on a binary trade that are calculated to ensure a profit in the case of either outcome. This strategy is used to reduce risk and to turn small profits on trades that otherwise would result in a complete loss.

One Touch Option: Like turbo options, one touch options are a specialized type of binary options. One touch options require the value of an asset to reach a selected point at least once before the hour of expiry. So long as this occurs, the trade finishes in the money. Much like turbo options, not all binary brokers offer one touch options to their traders.

These are the major and common terms that are used in binary options trading. There are, of course,others which are used less frequently, but this list will help those new to the binary options world get a grasp of what is being said and taught to them. If you are looking for a binary options brokers, then we advice you take look at our list of regulated binary options brokers.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners!
    Big Sign-Up Bonus!
    Free Trading Education!
    Free Demo Account!

  • Binomo
    Binomo

    Only For Experienced Traders!

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