Binary Options Brokers

Binary Options Brokers List 2020

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The word “broker” comes up in about any binary options conversation and that’s because you cannot trade binaries without using one. If you are new to all of this, then you’re probably wondering what brokers are; so here’s the quick rundown: they are the intermediary between the trader and the financial market, so when you want to open a trade, you will have to go through the broker. You will need a brokerage account and then if you want to trade, you will have to fund that account. Here’s when potential problems may arise.

There are literally hundreds of brokers out there, so finding one will not be a problem… Choosing the right one may prove to be difficult because all brokers have different trading conditions.

Learn about the Brokers

Your first concern should be the safety of your money. Is this broker regulated? Are they trustworthy? What do other clients say about them? There have been a lot of scams in the early days of Binary Options and although now things are a lot safer, you will still encounter brokers that try to scam you in various ways. That being said, when choosing your next Binary Options broker, this is one of the first questions you have to ask yourself: is this brokerage regulated by a major financial watchdog like CySEC (Cyprus), ASIC (Australia), FCA (United Kingdom), CFTC (United States), or any other local regulator? Only a few of the unregulated brokers are trustworthy.

Your second concern should be about trading conditions. How much is the minimum deposit? How much is the minimum trade? What assets are they offering? What’s the average return? Will I get a refund in case of a losing trade? If you plan on investing low, you will have to choose a broker with a low investment per trade. If the broker allows you to trade lower amounts per trade, that means that you can stay in the game longer and a losing trade will not be such a big deal.

And finally, the BOTS score. We take everything we just talked about into consideration and translate it into a number anywhere between 0-10. These numbers are also based on client’s opinion, so it’s not only us you can trust but also traders like yourself. For more information regarding each and every broker, click on the brokers’ name.

Choose Your Broker

Trust is a major issue when it comes to these companies because, as I mentioned above, you will have to fund an account with them, so your money will be in their possession. If the brokerage is legit, then you have nothing to worry about, because you can withdraw at any time or use that money for trading and make a profit.

The matters above and much more (like Bonuses, Fees, Commissions, Deposits, and Withdrawals, etc.) are extensively covered in our Broker Reviews. We are doing everything we can to keep our reviews comprehensive and up to date, so don’t let our work go to waste. Use it!