All investors know that there are a lot of binary options brokers on the market. However, not all of them offer a a wide choice of underlying securities, reliability and other valuable features. To find the best brokers, you can use the binary options brokers rating.
You might have noticed that every analytical website provides its own binary options brokers rating. They can differ due to personal preferences, advertising campaigns and other factors. When compiling the rating, I wanted to be objective. Therefore, I included even those brokers in the binary options brokers rating that I don’t typically deal with.
I don’t want to give you just a list of the best brokers that’s why I explain each broker’s advantages and disadvantages.
Binary OPTIONS Brokers Rating
Number 1: Anyoption
Anyoption. This company has become a legend among brokers. This is the first binary option brokers known around the world. European countries are the basic clients of the broker. AnyOption ensures a unique trading platform easy to use and understand. Investing with this broker is easy and comfortable. In case your trade is lossmaking, you get refund up to 25% of the amount you invest. Nobody else provides such terms. The ratio of refund you set yourself. The broker certified by EU, CySec, banks etc. provides trading statistics. The company doesn’t offer bonuses that is a good sign for me because typically bonuses are accompanied by outrageous conditions. For instance, to withdraw your bonus, some brokers require making 40 profitable deals over a short period of time.
AnyOption doesn’t trick the clients. It provides good trading environment where reliability and convenience are foremost.
Number 2: 24option
24option. Though I don’t like black interface of the broker’s website, I ranked it as number two. Generally speaking, I trade with this broker rarely comparing to the company ranked number 3. Yet, 24option has some advantages over it. This brokerage company is certified by many organizations. It provides online support, and a long list of underlying securities. The company is well-known in the United States and Europe. The big advantage is that you can see in the menu even those underlying securities that are available only during trading hours of some particular stock exchange. Also, you can check in the menu the time when the security is available to buy. Sometimes I can browse the 24option website just to check the time of some security selling. Other brokers don’t provide this feature.
Number 3: Grand Option
Grand Option. Established one year ago, Grand Option is a comparatively new broker. Though the company is young, it can be relied on as it is owned by the well-known experienced broker, 24option. A strong management of Rodeler Limited means that Grand Option is a reliable, robust, and exceptional broker.
Grand Option is certified by CySec recognized in ЕU. Also, the company is registered with CONSOB (Italy), FCA (UK), AMF, Bafin Licenses etc., with all regulatory organizations as 24option.
Number 4: Topoption
TopOption. Is a popular European brokerage company providing its customers with secure binary options trading. The managing company is SafeCap Investments incorporated and registered on Cyprus. TopOption is entitled to run business in EU. What does this mean? This means the binary options brokerage company observes the trading laws and meets the requirements of the industry. The broker is governed by CySEC (Cyprus Securities and Exchange Commission), the Bank of France, and FCA.
The company offers over 180 underlying securities. The list includes both the most popular and less known underlying securities. Surprisingly, I saw the stock of such companies as Siemens, Volkswagen, Louis Vuitton, Bayer, Danone, General Motors, Ebay, Catarpillar, Linkedin, MasterCard, IBM etc.
Number 3: OPTIONBIT
OptionBit. I don’t trade with this broker. I included this company in the rating because it is certified by CySec. This is rather professional and well-known broker being in the top ten brokerage companies around the world. The company offers a great number of different underlying securities including stock of such companies as Adidas, Virgin America, Pepsi… The above mentioned brokers don’t offer these underlying securities. Also, OptionBit caters a wide choice of payment and withdrawal methods. I think I will invest in the securities offered by this broker over time. This broker has a chance of reaching leading position in my rating. However, I haven’t tried to deal with the broker yet.
Number 6: Dragon Options
Dragon Options. As of now, I don’t deal with this broker because it provides the same underlying securities as the above said brokerage companies. Also, I don’t like the out-of- date interface. However, the broker is reliable, one of the top binary options brokers. Nevertheless, this brokerage company is not popular with investors and me. Probably, the reason is the interface depressing me.
Number 7: uTrader
uTrader. This is a European broker providing nice modern website, many good binary options, payment methods and underlying securities. Though the broker like others except for Anyoption doesn’t refund, the amount of profit it offers is rather high, that is, 80-85%. Also, the broker ensures easy to understand and use charts allowing setting timeframes. With this broker, you can buy binary options not only for 60 seconds, but also for 30 seconds and apply the Option scalping strategy. You can’t help but agree that to make an 80% profit in just 30 seconds is good, however, can you make an analytical estimation over so short period? The broker offers a great number of underlying securities that are not available with the above said brokers.
Number 8: All others
I do not list other brokers because some of them are not even certified by CySec , NFA etc. Also, they do not provide proper automated software and user-friendly interface. These brokers use different tricks to attract clients like bonuses that are almost impossible to withdraw, repeated underlying securities in the menu to make it look like a long list.
Though I compiled the binary options brokers rating based on my personal preference, I tried to be completely objective. Using comments of other traders, I made a comparison.
When choosing a binary options broker, I recommend that you not chase bonuses and low minimum deposit. I have learned from my experience that the amount of investment mirrors an investor’s attitude, analysis done and his confidence.
If you chase incentives, bonuses, minimum trades of about $5, you will never make a high profit. Binary options are not a fun; they mean hard work, analysis of the financial markets, and the interesting world of big money.
Realizing risk makes us think clearly, analyze underlying securities comprehensively and generate high profits regularly.
This rating of binary options brokers is prepared specially for you. Good luck!