Binary Options trading has only been around for a short time having been recognized and approved by the SEC (Security Exchange Commission) in 2008. As a new market, there has been a flood of Binary Options Trading Brokers trying to get their name out there and get traders to sign up with them. Some of these brokers are legitimate brokers, with good customer service and already have a proven track record in other areas of the market, while others are shady brokers who are more interested in taking trader’s money then helping them make money in the Binary Options trading market.
Often, new traders find the volume of brokers offering their service to be so great, it’s very hard to figure out who is legitimate and, given that they are legitimate brokers (and not scams out to take your money) what should they look for in a broker to get the best broker for their particular needs.
This article was written with the express purpose of helping you to understand just what you should look for when trying to decide on the Binary Options Trading Broker that is right for you. By understanding what to look for, you can save yourself time and even more importantly money right from the outset, by finding the right Binary Options Broker that is going to meet all your needs and get you the most return on your investment.
List of Trusted And Regulated Binary Brokers
Apart from the other sites that recommend brokers , what special with my site is i’m a Binary options trader , i have traded with all these brokers which are listed below + i have withdrawn money as a part of Testing broker
Below is the List of my Personally Tested broker
1 – Finpari Binary Broker – With Fastest Withdrawal – Paypal Accepted – USA Traders Accepted .
Finpari is the first recommended broker , I have personally tested this broker , I received the withdrawal in 4 Hours to My Neteller Account . They also offers training and signals to traders .
Open a Account here : Finpari.com Join Now
2 – IQ Option – IS the Top Recommended broker
I have tested IQOption ,have funded via skill with this broker ,the withdrawal i received in 24 hours ,for credit card withdrawal it takes 3 days to reach .before requesting withdrawals ,You need to verify Account .
They have the Most no.of Assets , Simple Platform ,Alexa rank is 2789(current) which is better than most of the Forex brokers like FXCM,XM etc …
Sign up for a Demo or Live account here : Open Free Account with IQ Option
These brokers are popular and you get the Fastest withdrawal .
3- Hy Options – They have Forex brokerage too under brand HYMarkets – Best for EUROPE based Traders
As they have Forex brokerage , its an advantage ,it means that HY group have higher balance sheet. A Forex Regulation is costly . So this is my recommended broker . Withdrawals i have tested personally ,withdrawals reached within 2 day .
Join here – Open an Hy Options Account
What to look before depositing with a Binary Broker ?
Point 1 – Is the Broker Regulated or Not
Point 2 – Alexa Ranking of Broker Website
# According to me No.1 Quality that a broker need is Fastest withdrawal .
# Only join brokers where we not need to Push Account Managers to getting paid Out .
# Never take any bonus from brokers – it have volume conditions – and we will over trade to meet volume and loss .
One of the first thing you should look for when shopping around for the best Binary Options Trading Broker is if and how they are regulated. Unfortunately, this can be a pretty complex issue, depending on where you live or where the brokers is operating. Different countries have different regulatory agencies and most Binary Options Trading Brokers are operating under that country’s regulations.
In the U.S. most Binary Options Brokers are regulated by FINRA, which stands for Financial Industry Regulatory Authority. This is a self-regulatory organization for the brokerage industry. In order to be completely compliant, they will also adhere to the SEC (Securities Exchange Commission) regulations.
For brokers in the United Kingdom, they should be regulated under the FCA (Financial Services Authority) and in Europe they are usually operating under the European Union, which has respective regulatory bodies within individual European states.
When Binary Options Trading first started, the majority of Binary Options Trading brokers were actually not regulated, but that has changed over the last few years and now, most Binary Options Brokers are regulated through Cysec (Cyprus Securities and Exchange Commission) or other documented exchange commissions and Binary Options Trading brokers that accept U.S. Trader must be regulated in the U.S.
Another important consideration when selecting a broker is their market capitalization. If they do not have a large capital, there is a good change the broker may go bankrupt and you may risk losing all of your funds, in this instance. Of course, in order to be regulated, brokers must be well capitalized to begin with, so looking for regulated brokers should help ease your mind about whether or not they have a large capital. Recently there the NFA (National Futures Association) and the CFTC (Commodity Futures trading Commission) have pushed the requirement for any broker that does business within the U.S. or accepts U.S. traders to have a minimum of $20 Million Dollars in capitalization. You can go on the CFTC website to see how much Capitalization your broker (or the broker you are considering) actually has.
You can usually find this information, however, right on the brokers website, or by inquiring with the broker themselves, as to the amount of capitalization they have as well as if they hedge themselves or if they are underwritten by a third party.
Something you should keep in mind when searching for the Binary Options Broker that is right for you is what kind of platform or software they are using. There are many different platforms out there, from popular platforms like Tradologic and Spot Option to proprietary Platforms that have been coded by in-house software engineers specifically for that broker. Many Binary Options Trading Brokers use a modified version of the more popular trading platforms and simply change a few cosmetic features or brand it with their own name.
Some of the most popular platforms include:
- Spot Option
- Tech Financial
- Paragon EX
- Stock Pair
Each of these platforms offer the trader a different way to view an work with the Binary Options. It would be nearly impossible to say which platform is best, as all of them have their strengths and weaknesses. It really comes down to which one you feel most comfortable with, personally. Some brokers also offer mobile platforms so that you can even trade from your cell phone or tablet. This mean, with some brokers you can even place trades and keep an eye on the market, while on the go.
One other thing to look for is whether the platform is web based, or if you have to download and install their software. If it is not web base, then this means that you will not be able to trade anywhere but the computer that it is installed on. If it’s web based, then you should be able to sing into your brokers page and access the software from where a computer and internet is
Binary options brokers will payout a percentage of investment to the trader who predicts whether an underlying asset’s price will be up (PUT) or down (CALL) and this percentage fluctuates from broker to broker. This is something you should pay very close attention to, when picking your broker. If the broker is not offering at least 65% to 70%, then you should probably use a different broker. I have personally seen the payout from Binary Options as high as 85%.
Some brokers will even offer a small pay-out for traders who’s trades are “out of the money” which means you get paid even when you guess wrong. Again, the amount of this payout varied widely amongst brokers, with some brokers offering as much as 20% “out of the money” payouts, while others offer no payout at all in these instances.
When looking for a Binary Options Broker you will want to find one with the greatest number of assets available for trading. Of course, you will want to be sure that the Binary Options Trading Broker offers the assets you are interested in, but you should also be sure that they offer other assets, in case the ones you are interested have become too volatile and too hard to predice.
The nature of trading for most traders include a small limited number of assets they deal with. These are usually assets they know about and make sure to get follow their graphs and to get updated with relevant information. When choosing the right binary options broker you should make sure that every broker you work with has trading options for the assets you want. You can lookup for the broker on Binary Options Academy and find the relevant information and get to the broker’s platform to review the assets list.
A good Binary Options Trading Broker will include all the major currency pairs, as well as listing major commodity and indices. If your broker doesn’t have a full and populated list of assets to choose from, they may not be that great and you might want to think about going with a more “serious” broker with a more populated list of assets.
You should definitely check out the customer service portion of any Binary Options Trading Broker you are considering doing business with. You want to be sure that, if there arises any problems using their service or platform you can get immediate and professional help. You should also check to be sure there is someone there to answer any and all questions you might have in Binary Options Trading in general. One of the best ways to verify they have good customer support is to call, text or email their support team with questions you may have before you even sign up, to see how quickly they respond as well as how knowledgeable they seem to be on Binary Options Trading.
A good, well established Binary Options Trading broker should provide several means of contact their customer support service, as well as providing customer support in multiple languages. You can use one or all contacts before you deposit any money with them, to see how quickly they respond in different scenarios. Don’t be afraid to ask pointed questions about their services and about what kind of bonus programs they offer.
Withdrawal Time period
The final issue we will be looking at in choosing a good Binary Options Trading Broker is in the period traders are required to wait until their withdrawn funds become available. All Binary Options Trading Brokers are required by law to tell you what the terms, process, timing and fees are associated with withdrawing your funds. This information should be very clear and/or easy to find on the brokers website. Most brokers will have several different methods for withdrawing your funds, and each method may have different times and terms for withdrawal.
If you have any questions about the withdrawal policies, you should be able to find the answer on the site, in their FAQ section or by contact Customer Support Personal (which is a good way of getting to know how fast and responsive their customer support is). If they do not have more than a couple methods of withdraw (eg. Credit Card and Bank Draft) then you might think seriously about moving on to a different broker. Also, if they have a time period greater then 24-48 hours for credit card or debit card withdrawal, you may want to look elsewhere, but what it all comes down to is how long you are willing to wait for your funds. If the wait time is unreasonable, then you should be able to find a better Binary Options Trading broker with more a reasonable withdrawal time period.
There are many possible pitfalls when you are new to the market scene and looking for a good, reliable Binary Options Trading broker. However, you can greater reduce or eliminate a bad experience by following the steps we’ve outlined in this article. You can narrow the field down tremendously by simply looking at the list we have available of great Binary Options Trading brokers that you might interested in. But, be sure to check out each individual broker before depositing any money. Remember to make sure they are regulated and chaptalized, that they have enough assets with a good payout, a great trading platform, reasonable wait times for withdrawal offer great customer service. Take advantage of any demo account where you can trade without having to invest any of your money, in order to get a real feel of the broker and the platform as well.
By following these simple steps when looking for a great Binary Options trading broker, you should be able to find the perfect broker for you and hopefully find a lifelong prosperous relationship that will only grow in time (along with your bank account). We wish you all the best of luck in finding that broker and Happy Trading!