Binaryoptionswire.com has developed multiple tools to help each binary options trader find and trade through the binary options broker best suited to their own preferences and trading style. You can read our binary options broker reviews, which give you an in-depth view of the best binary brokers in the market, you can visit our brokers’ comparison table and you can also navigate around our concise guide on finding the top binary options broker for you, which looks at all aspects and issues that you should examine prior to taking the important decision of which broker to trade through.
A world full of Brokers
Back in 2008, when the trading of binary options as a retail online investment vehicle emerged there were but a handful of platforms and brokers to choose from. Ever since, the industry has expanded and grown in fast strides and currently there are several hundreds if not more brokers, offering binary options trading. Some do it through their own proprietary platforms, while others are white labels of platform providers. In any case, the emergence of many brokers is a good development for the industry and for traders, since the competition amongst the brokers has resulted in the offering of better services to clients, more bonuses, offers, promotions and other perks. On the downside, however, with so many brokers to choose from, finding the right one might be tricky and needs time and effort. Thankfully, if you read our guide below you will be in a much better position to take the right decision as to which broker to prefer:
The Best Binary Trading Sites are just A Click Away from You![contentblock id=top-binary-options-brokers] Are you excited about entering the challenging and potentially lucrative world of binary options trading? Are you ready to trade the markets and make some cash? The charm and appeal of binary options is great, especially because their simplicity makes them accessible to even traders with little or no knowledge of the actual workings and technicalities of the markets. However, to capitalise on the opportunities created by the online retail trading of binary options, you need to find a really good broker to trade through. As every trader’s preferences and requirements are different and also as the offering of different brokers is diversified and the industry is constantly evolving and changing, we can safely agree that there is no such thing as a single best broker for all. However, there are many good, reliable and credible brokers out there, ready and willing to take your custom and make your trading experience an enjoyable and prosperous one. We have compiled this guide exactly with the aim of giving you a helping hand in the quest for the most suitable broker for you and enable you to find and access the best binary trading site for you with just the click of a button. So, without further ado, let us delve in:
What are binary options brokers?
To be able to compare, contrast, shift through and choose between brokers, you first need to know exactly what a binary options broker is, to be able to make your juxtaposition and final judgement effectively. Generally speaking, binary options brokerages are either exclusively dealing with the trading of binary options, or are brokerages who engage in the trading of other investment vehicles as well, such as CFDs or FX, but also have a binary options trading facility and venue as well. Because the existence of a highly safe, reliable, user-friendly and secure trading environment in which to conduct your trading is of paramount importance, we would recommend that you show your preference to binary options brokers who specialize in this form of trading and have developed the technological solutions and expertise to help make your trading more effective. In the same spirit, we would favour those binary options brokerages which are owned by big, reputable and therefore reliable financial services firms that have an established presence in the industry and can offer you a superb level of service. In few words, binary options brokers are ordinary brokerages, which, though, either provide only features for binary options trading, or different ways for trading – including with binaries.
Before delving further into our joint quest for the top, best, binary options brokers, let us have a glance at what lies behind the behaviour of brokers, to help us understand them better:
Having already established that both the online retail trading of forex and of binary options are especially competitive environments and both markets feature a plethora of brokers for existing and aspiring traders to choose from, this article deals with one of the main problems that brokers are faced with and which shapes much of their behaviour, namely the difficulty in retaining customers. Find out more here about why retaining a customer is extremely more difficult and demanding than winning that initial account opening and how brokers deal with this situation.
How to Choose a Binary Options Broker
Although daunting at first sight, the task of recognising the best binary options brokers can be made easy and a smooth ride if you enlist your help and follow our various tips, insights and advice as they unfold in the articles featured below, which examine the topic from various angles:
It is true that the question of what actually makes the best binary options broker becomes more relevant and crucial than ever, mainly due to the rapid growth and expansion of the online retail binary options sector and the increasing numbers of traders who enter this world on a daily basis. Doing your research well before opening a trading account and committing funds in order to find the best broker to transact with is the wise thing to do, because the choice of broker is a very crucial factor for a trader’s overall successful experience with binary options trading. Read this informative article on how to find the best binary options broker and what you should consider during this process, but also bear in mind that the choice of broker alone, even if it is a good broker or even the best there is, is not sufficient and does not guarantee profitable trades, since it cannot, for example, offset a purely conceived or executed strategy.
With so many online binary options trading brokers all fighting to beat the competition for your business you will notice that it can be difficult choosing the broker that is right for you. You then must be very pleased to find out that we here at binaryoptionswire.com have done all the hard work for you and are proud to present you with the result of our toils in the form of a table. The comparison table we have put together is designed to make it simple to browse and compare the features of our recommended trading binary option brokers. Each broker that has been included in this table has been tried and tested through trading on real live funded accounts. Only recognized brokers with proven worth and ones that we believe will continue to deliver a top experience for traders are included for consideration and are neatly presented here for you to take your pick:
The topic of demo accounts is a topic that really needs addressing as many beginners are not aware that binary options demo accounts even exist and they don’t know the many benefits that such a demo account can confer on their trading activities. Read this article to find out what binary options demo accounts are, how they differ from real accounts and what possibilities they open up for you and how they can help improve your trading experience and performance by allowing you to practice your skills without endangering your funds.
In this article we reiterate our position that all binary options brokers should offer demo accounts and how these should be completely free of charge, as well as being unlimited and not require any initial deposit. The article comments on the fact that many brokers seem to be catching up with this trend and also includes a small list of binary options brokers that offer free unlimited demo accounts. These brokers, in our opinion, are taking a step in the right direction and we hope that they inspire other companies to follow suit. Read on to find out who’s making the changes to their demo account policy we called for in our previous article and reward them with your custom.
Binary options are considered a proper financial instrument in many jurisdictions and are thus regulated. Regulation can help to greatly reduce the chance that a given broker will be a scam, but cannot eliminate completely the chance that a broker may engage in improper or at times unethical bevaviours. Regulated brokers that scam investors or at least attempt to do so may well exist, although due to regulation this is a less likely phenomenon. On the flip side of the argument, there might be unregulated brokers that are honest and credible although they do not have the watchdog’s seal of approval. In a nutshell, not all unregulated brokers are scams, just as all regulated brokers are not necessarily scam free. The articles that follow shed more light on the issue of regulation and binary options brokers:
This article was written as a response to the great volume of queries we were receiving by users on the regulatory aspect of binary options trading. Read on to find out how, where and by whom are binary options regulated and gain a full lowdown regarding the current state of play vis-à-vis licensing and regulation in the binary options industry. Inter alia the article points out that is no one regulatory body, disallowing unregulated companies and granting licenses to those that are regulated and highlights the fact that even though practically every binary broker out there claims to be regulated, this is simply not true and traders should be informed and tread with caution.
What is the difference between a regulated broker and an unregulated one?
When a broker is regulated, the company must meet a number of strict criteria set out by the regulatory authority in the jurisdiction that grants the license and authorisation. A good example is that the broker’s bank accounts have to be segregated in order to ensure the payment of benefits to clients regardless of the solvency or the financial situation of the company. Other criteria are imposed in order to ensure the authenticity of the quotations of instruments, the security of individual investors through warnings and protection systems against addiction and other issues, and they all need to be met and satisfied for a license to be obtained. Those brokers that manage to satisfy the requirements of a regulator and obtain authorization and a license to operate and offer their services may then claim to have a seal that guarantees their quality and transparency.
Important Clarification: The discussion on the topic of regulation does not mean that an unregulated broker is by definition a scam or a broker that has no ethics towards their clients. In addition, one should also bear in mind that at any given point in time there are a large number of binary option brokers that are in the process of obtaining their license and may well be meeting the criteria before their license is actually issued. The list of regulated brokers is not static since more brokers keep gaining this status around the world every day while others are having their licenses stripped if they are found in violation of regulations or unable to comply. It is therefore important to keep abreast of the relevant announcements made by regulators in this regard and you can easily follow this kind of developments by visiting the news section of our site which is regularly updated with announcements of the regulators concerning the good or bad standing of binary options brokers in each jurisdiction.
Interim Summary of the Discussion on Binary Brokers
Whichever broker you end up deciding to trust with your money and with your custom, make sure that your broker is truly and adequately in a position to help you boost the areas where you specifically want to focus your trading. You might even conclude that it is better to have an account with more than one broker, as this will allow you to benefit from differences in their offerings and may well help you grow your money faster. It is a good idea to open binary options demo accounts at all of the trading sites you consider trusting, in order to better determine your favorite. Remember, the broker you choose should be working with you and for you and not against you, so be picky, specific, critical and demanding when making your broker selection.
Broker Scam Investigator
Unfortunately the Binary Options industry is particularly plagued by scams, leading many to wrongly equate the entire industry with fraud. For the well-informed trader it is important to understand that not all the brokers in the industry are striving to scam investors. Binary options are legitimate investment tools that can be used to make a profit, and in that sense they are not different from other investment tools. Other areas of the financial services industry have also been hit by scams and fraudulent agents, without having their legitimacy questioned.
The binaryoptionswire.com Broker Scam Investigator effort consists of a series of advice and tools to help interested investors understand how possible scam efforts work and learn how to avoid them. Take a look at the short list below which presents the most common fraudulent behaviours which brokers have been found to have resorted to and read the more dedicated articles that follow to become better equipped in spotting and avoiding possible broker scams.
The following is a list of tactics to watch out for:
- Brokers may manipulate the market data presented to investors through the graphs and other means on their platforms.
- Brokers may withhold withdrawals that were rightfully requested or delay the transfer of funds in a client’s account.
- Brokers may use credit card information to keep on charging the investor without his or her approval.
- Brokers may offer bonuses that aim to hold investor funds locked in and prevent them from cashing out their profits.
- Brokers may attempt to use an investor’s personal information for unlawful purposes (identity theft).
This article which is part of our Binary Options Scam Series is highly critical of brokers and is an eye-opener for many traders. It comments on how certain “brokers” who managed to convince you that they have extensive investment experience and will help you to become rich, are nothing more than salesmen and women, who when they turned up for their interview in their cheap suits they probably had as much investment experience as you do! The article questions whether such brokers’ employees have any expertise more than simply a penchant for bullshit and an ability to learn the terms of the trade. If you are intrigued, then read the full article to find out more.
The purpose of this article is to diffuse the wrong assumption that which broker you trade with is not as important a consideration, which is based on the fact that new brokers keep springing up like mushrooms and to the untrained eye most of them look the same, offering more or less the same services. The article proposes that if you want to be a successful trader you have to be a careful, proactive and wise trader first and explains how brokers do differ from each other also teaching you how to spot those differences yourself.
Perhaps the most common problem encountered by traders of online retail binary options and the topic on which we receive the most complaints by readers here at binaryoptionswire.com is the topic of withdrawing funds or profits from one’s account. This is why we explored this topic in depth and have come up with some interesting findings and insights which detailed and presented in this dedicated article. Find out more about the all sorts of delays and other hiccups that often arise when brokers are called to pay up and get help in discerning the truth and be able to identify what the real problem may be in each case, through revisiting the basics about the fund withdrawals process when trading binary options online.
Because we are receiving increased volumes of complaints by traders who allege they have been scammed by binary options brokers, we decided to publish a dedicated post, addressing certain basic points regarding such issues. Concentrating on issues other than withdrawal problems which are covered in the article referred to above, this article provides traders with useful advice on how to mitigate the risk and danger or being scammed by brokers and on what they can do and how they can react once they find out or believe they have been scammed by a binary options broker.
Being scammed by an unscrupulous broker is a very unfortunate position for a trader to find themselves into and this is why it is important to do their utmost to avoid falling victim in the first place. However, there are options and courses of action to take even after you realize you have been scammed and you can find out more about what they are by reading this dedicated article.
BinaryOptionsWire was founded with its primary aim being to help make the journey of binary options traders in the world of trading binary options as smooth as possible. Since a broker is such an important and indispensible part of the trading process we have made it a priority not only to give credit where it is due by praising reliable brokers, but also to name and shame, uncover and expose all the scam brokers. We are very much against all those brokers who seek to victimize their clients and want to hunt down all those who use lies, deception and dubious practices in order to take the unsuspecting for a ride. This is why we created a special blacklist where all scam brokers who come to our attention are featured in order to warn potential investors against them. Check out the list to know who you should avoid to better protect yourself and your money.
We want honesty, transparency and reliability in the world of binary options trading to prevail so that all traders, old and new, novice or experienced, big or small will be able to trade in a secure and safe environment, trade on an equal footing and stand a fair chance to achieve profits on their own merits, according to their skills, commitment and why not, their luck. To this end we have created a special rip off scams, complaints and testimonials section on our site and encourage all traders who have been scammed or ill-treated by brokers to share their experiences and name and shame the wrong-doers. Not letting them get away with it and warning other traders is a form of payback or punishment, while it may also mean that it will become more difficult for them in the future to find other victims to trick. Visit this section to contribute your own story or to read the stories written by scammed traders and take advantage of their misfortune by learning all about real life scam practices and fraudster brokers.