Copy trading allows you to follow the most successful traders on the platform and to see their live trades in real-time. By copying other profitable users, you can increase your chances of success. RaceOption is a binary options broker that is based in the UK and established in RaceOption processes more than 10, trades per day and is one of the only companies that allow clients from the United States, Canada, and Australia.

RaceOption has no restrictions on what country you're located in. This trading platform is available in three versions: Web, Android, and iPhone. They offer CFD trading, 60 seconds, one touch, live charts, and instant execution of trades. This platform is best suited for beginners that are looking for a simple interface that is easy to understand. Since , IQ Option has been one of the most successful online trading platforms with over 43 million registered users, over 1 million trades per day, and clients from over countries.

IQ Option has the best trading platform of all the brokers I've reviewed. Their platform comes with everything you'd want and expect including multi-chart layouts, financial indicators, technical analysis, and real-time alerts.

Important Things to Look Out for when Choosing a Binary Options Broker

If you're looking for the best binary trading platform, IQ Option should be near the top of your list. This broker serves clients from over countries and has over 32,, registered users on their platform. Their platform is very easy to use for beginners and also has some features that even advanced traders will appreciate such as 4 different chart types, 8 indicators, and trend lines. ExpertOption also offers Social Trading, which allows you to trade binary options with your friends or follow other VIP traders and see their active trades in real-time.

ExpertOption offers over 20 different payment methods including E-Wallets, credit cards, cryptocurrency, and bank transfer.

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This binary broker also offers a free demo without registration. Overall, if you're looking for a great payouts and a solid trading platform, ExpertOption is an option worth considering. This license ensures that traders are supported by deposit insurance, comprehensive support, and a prompt resolution of all issues. Olymp Trade has been a part of the options market since and has consistently improved their platform over the years. As of , there are over 25, users trading with Olymp Trade every day.

Like most of the top brokers, Olymp Trade has a web-based platform and apps available for iPhone and Android. They have over 75 different underlying assets that you can trade with. Demo accounts are available if you'd like to test-drive the Olymp Trade platform.

Best Binary Options Brokers: Top 5 Binary Trading Sites of | Observer

This broker has a variety of educational resources available to their clients including trading strategies, webinars, and more. Owned by a company called Binary Group LTD and founded in , this broker is one of the oldest and most respected names in the binary options trading industry with over 1 million registered users worldwide.. You have the option of trading all major indices, commodities, currencies, and synthetic indices with expiry times ranging from 10 seconds to days.

With their simple interface, you can execute a whole trade in just a matter of seconds. To ensure trader safety, all capital deposited goes into a segregated bank account and held in a secure financial institution. Although Binary.

Note: Binary. Binomo is a binary options broker with a high-end trading platform with the ability to trade binary options, CFDs, Forex, and cryptocurrency. Binomo is based out of St. Binomo doesn't offer as many assets to trade compared to other brokers. Overall, Binomo is a good binary trading platform but has limited assets compared to other brokers. When 24Option was established in , they were primarly just a binary option platform.

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However, the company has shifted its focus to offering Forex and CFDs. Advanced traders will be happy to know that 24Option has the MetaTrader4 platform, which is very popular for its charting functionality and financial analysis tools. MT4 offers immediate order execution and accurate pricing in real-time. All account types get leverage up to The basic level comes with floating spreads as low as 2.

How To Choose Your Binary Option Broker

Platform also includes Stop Loss and Take Profit features to help minimize losses and maximize returns. Overall, 24Option is a good broker if you're looking for an advanced trading platform with CFD and Forex trading.

Finmax has an asset index of over 70 markets, as well as a favorable trading conditions such as instant order execution, no spreads, a free demo without limits, and 48 hour withdrawals. The Finmax trading software has a variety of expiry times, ranging from 30 seconds to 6 months.

Finmax is one of the few brokers in the industry that have developed their own software for trading binary options, rather than relying on third party platforms such as SpotOption or TechFinancials. Established in and based out of Cyprus, Ayrex is one of the few unregulated brokers that exist in the industry. Ayrex offers binary option contracts on over 30 different underlying assets. Binary options are simple to understand and easy to trade. As a consequence, they are primarily attractive to beginning investors, as well as gamblers seeking a rush. Before visiting the fast-paced environment of binary options, be sure you understand the risks and temptations.

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Forgot your password? Get help. Password recovery. Money Crashers. About Money Crashers. Recent Stories. Investing 5 Best Industrial Stocks to Buy in Read more. Advertiser Disclosure X Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card companies and banks from which MoneyCrashers. Michael Lewis. Share This Article. Dig Deeper. Follow MoneyCrashers. Trending Articles. Treasury Bonds a Good Idea? Become a Money Crasher! Join our community. What Are Binary Options? Share this Article. Potential traders should understand the following aspects of binary options before making a trade: 1.

Option Term and Expiration The appeal of binary options is the opportunity to trade with a defined risk on a short-term basis, albeit with a capped profit potential. Strike Price The strike price on the binary option is the price that determines whether the option is in the money a winning trade at expiration.

Price Direction Binary option prices reflect investor sentiment about the direction of the price of the underlying asset during the option term. Bid and Offer Prices Traders buy or sell binary options based upon the bid and offer price quoted at the time of the trade.