Best Binary Options Brokers 2017

At Investoo.com, we aim to help find and compare the best binary options brokers for 2017.

We understand that every trader is different and looking to find binary options brokers who fit specific requirements, such as a regulated broker or those that offer special trade types. Therefore, you can use our binary options comparison table to filter the brokers according to your preferences, whether you are looking for a broker to use binary option signals with or you are looking to use automated trading such as binary options robots or even EA expert advisors, we’ve got a list of binary options brokers who are able to provide the right services! If you would like to learn more about binary options and how to trade, we have a collection of educational binary options courses for you to study. Check out the table below to see our top rated binary brokers, and hit the ‘read review’ button for more information.

Rank
Broker Name
Regulation
Min Deposit
Bonus
Rating

Free Access

to our Trading School & Signals

Open Account
N/A
$250
Up to 100% Welcome Bonus Plus 3 Risk-Free Trades

9.6/10

Free Access

to our Trading School & Signals

Get Free and Exclusive Access to our 600+ PRO Video Lessons, Signals (up to 70% win-rate) and Indicators when You Sign up to a Broker and Fund an Account using our Links Here.

Gambling Supervision Commission (GSC)
$100
Welcome Bonus

9.3/10

Free Access

to our Trading School & Signals

Get Free and Exclusive Access to our 600+ PRO Video Lessons, Signals (up to 70% win-rate) and Indicators when You Sign up to a Broker and Fund an Account using our Links Here.

CySEC
$250
40% Welcome Bonus!

8.8/10

Free Access

to our Trading School & Signals

Get Free and Exclusive Access to our 600+ PRO Video Lessons, Signals (up to 70% win-rate) and Indicators when You Sign up to a Broker and Fund an Account using our Links Here.

Want to Get Listed in this Table? Contact Us Here!

Introducing Binary Options Brokers

Trading binary options is a common method of trading price fluctuations on world financial markets. The technique is sought because the trader can easily edge out losses since the asset itself is not involved in the trade.

Due to a fixed payout, the buyer or seller has the opportunity to see if he or she would be on verge of making a profit or a loss before time.

While it may sound easy, an expert (binary options broker) would be required to ensure the success of a profiting binary options trade.

Although there are several factors defining the qualities of a good broker, signing a deal with the best comes at a challenge. For instance, are you interested in a broker that deals directly with you, or you would rather work with an intermediary (broker-reseller)?

In all, the ultimate decision to choose the best binary options broker trickles down to a few factors that include, but, may not be limited to regulations, customer service, types of trade, the trading software, and payouts. In this guide we will introduce you to the binary options brokers world. Here is what we will discuss:

 

Top Binary Options Brokers List for 2017

The entry point into the binary options market place for any investor in this market is through a binary options broker.

Brokers are the gateway into the market. They hold money on behalf of the investor in trust, provide the platforms with which traders can place orders, study the markets and get general information about aspects of binary options outside trading.

That is why it is very important for traders to select the best brokers for their business as problems with brokers is one of the key factors responsible for poor trading performances by traders as well as issues with payments.

Besides the more than credible brokers suggested above, here is a list of the best binary options brokers in 2017 for us here at Investoo.com.

NB: If you’re not ready to start trading with real money than check out some our of zero-risk binary option demo accounts page for more information.

Top Binary Options Brokers for 2017

FinPari reviewFinpari is one of the few EU-based brokers that allow US traders. This broker also provides a welcome bonus of up to 100% on initial deposit. Traders can also enjoy 24/7 trading including trading during weekends. The brokerage platform is powered by SpotOption, which also works in conjunction with ZuluTrade to provide trading signals. Traders can also enjoy Copy trading via the Spot Follow option type.

BinaryBrokerz: BinaryBrokerz offers a set of opening account bonuses to its clients depending on account type. There are also other benefits that come in such as a risk-free rate that ensures regardless of your performances, you stand to retain something from every trade. The rate of bonus ranges from 35% to 85%, while the risk-free rate starts at 5%, with the maximum rate being 10%.

BinaryMate Review: BinaryMate is one of the newest brokers in the industry. They are regulated by UK’s FCA and adhere to some of the strictest financial regulations in the world as this allows them to offer their services to traders across the world; even US traders can access their software and sign up for an account. This broker offers traders up to 100% welcome bonus and they can expect to receive a payout of up to 90% on winning trades.

Binary Online Review: BinaryOnline is one of the leading financial investment companies operating in the binary options trading industry. The brokerage trading platform  is powered by Panda Trading System which based on recent trends is becoming more and more popular. The Panda TS is an easy-to-use software in which an investor can choose from a variety of assets to trade including; Forex, Commodities, Stocks, and Indices. The minimum deposit for an account is $250, and returns on options are between 60% and 85% depending on asset and expiry time.

Prestige Option review: Prestige Option may be a relatively new entrant to the Binary options market but that has not stopped them from gaining popularity fast. They belong to the Lead trade Ltd brand and are licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). As one of the leading and regulated binary options brokers, Prestige Option team embraces all core values that lead to an effective day’s trade. The company offers a wide range of account options that encompass traders from different economic backgrounds.

uCapital Review: This another binary options broker introduced in 2016, and so far one of the most impressive in the market. UCapital offers advanced financial tools with some of the most generous payouts in the industry often reaching upwards of 95%. We expert support in multiple languages and provide personal guidance for every trader. Our resource center is packed with multi-media training tools including video courses, webinars, e-books and 1-on-1 training. The broker has developed an in-house trading platform using Paragonex Software, which offers flexibility and speed to trade anytime and from anywhere.

IQ Option Review: With their own web platform and low fees, IQ Option is one of our favourite binary options brokers. Unlike a lot of binary options brokers, they are keen to develop the skills of their clients. IQ Option is, of course, fully regulated and as such is a broker that can be trusted. Excellent customer support is a bonus but the real attraction is the very low deposit and trade minimums.

For more information on binary options brokers you can trust, check out the list recommended by 7BinaryOptions.com.

What are Binary Options Brokers

To understand what a binary options broker is, you must come to terms with the binary option. Binary options are financial investment vehicles, where traders/investors make a prediction on the future direction of an underlying asset. The asset can be stock, currency exchange index, or commodity. The trade is called binary option because the trade has a payout with only two possible outcomes; a fixed monetary gain or a loss.

Binary options broker are the sites that provide investors or traders with the platform to trade. Under this platform, traders do not own underlying assets unlike in other traditional trade where the traders must own the assets they trade on.


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Broker in the binary options trading can at times perform analysis for the sake of the traders and suggest the most appropriate strategy. This is because they have a high degree of knowhow and skill that is required to trade at the highest level.

How to Choose a Binary Options Broker

When choosing a binary options broker there are factors that you need to give a serious consideration. Binary option trading is gaining popularity, for this reason, there are dozens of binary options in the market. We made live easier for you with the selection made above, but you must be very careful when selecting a binary options brokers. Some are reputable while others will mislead you and run away with your money. These are the most important factors to consider.

Regulated Binary Options Brokers

A regulated binary options broker provides assurances to traders on the grounds that their funds and personal information are safe and secure.

While the chances of losing money are not withdrawn, all buyers and sellers investing in the financial markets choose this investment strategy to make profits. Any step that an organization would take to interfere with channelled profits, or manipulation of trading conditions, directly goes against set regulations by the company and governing bodies.

The most popular regulation body in binary options trading is CySEC (Cyprus Securities and Exchange Commission).

It’s been noted that setting up a binary options company in Cyprus is easier than any other part of the world due to their simplified regulation framework. The system has, however, undergone a new transformation following continued invasion by unqualified brokers, who according to CySEC, have been misleading honest traders that have over many years found the system working to their interests.

Any brokerage firm that enters the Cyprus Securities and Exchange Commission is reviewed by experts as a commendable broker to trade binary options.

The fact that not all brokers have the capacity to tell if they are regulated or not, has also caused challenges for interested traders to join the binary options trading industry. The point is that most brokers operate on the assumption that the four white labels (Tradologic, SpotOption, TechFinancials, TradeSmarter) are still chosen techniques to provide CySEC regulations indirectly. This in the process lowers trusting capacity from the trader to the broker.

Financial Obligations and Withdrawals

The best binary options broker will work to ensure that all financial obligations as defined by the company are met. For instance, if a trader using the brokerage firm’s services insists on accessing funds that he or she has generated from a trade, the company is obligated to release those earnings without fail.


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In a situation where earnings pile up and the brokers remain adamant in payment, the traders, and the brokers will be at loggerheads. In various parts of the world, especially in the UK, binary options brokerage companies hold segregated accounts to help keep all traders’ funds safe. A good binary options brokerage firm must have held reserves in case of any financial meltdowns to act as refunds to their clients.

A firm that can release payouts by the request of the client, anytime, is categorically a favorable option to trade. Brokers who hold to their promises will also get more traders interested to buy or sell through them. For example, a promise that a withdrawal will be executed between three to seven business days should remain as such.

Binary Broker Payouts and Platform Features

All binary options brokerage platforms boast different types of features with various similarities.

The identical features noticed from one platform to another do not reflect on payouts. For instance, training manuals, eBooks, and news may be arranged and directed towards the same target audience. But when it comes to payouts, those similarities start differing.

Generally, payouts on every asset contribute a great deal to traders as they endeavor to make money by selling or buying binary options. High payouts have become a considerable method, mostly practiced by startup binary options brokerage firms to compel traders to join their sites.

Broker increased payouts translate to decreased win-rate chances for the trader to break even.  For example, an average of 80% payout only presents a 56% chance to break even. A large number of firms in the industry have been offering payouts that range between 70-80%.

Available Trading Assets

Every trader has his/her favorite assets and with this I mean assets that they have clear knowledge of. For instance, there are traders that follow the commodities markets closely while others are well versed in the stock market. There are also those that specialize on Forex trading, and or, CFDs.

It is crucial that every trader considers the assets available in the broker’s trading platform before signing up. In addition, traders can also narrow down their search by looking at the specific assets in the various asset types. If you are based in the US and have closely been following trading assets like Apple, Google, and Facebook, then it would be prudent of you to find a broker that offers such assets.

In case you are from Europe, the in the category of stocks you would be looking at stocks like BP, Allianz, France Telecom, Daimler, BMW, Lloyds Bank, and Tesco, among others.


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Making sure you choose the right assets also ensures you that you will be able to trade mostly when the markets are open, and not when they are closed. For instance, European stock markets close 5-7 hours before the US markets. They also open several hours earlier, which implies the importance of screening for tradable assets when selecting your binary options broker.

Option Types

This is another important item that you need to assess when choosing your binary options brokers. You can go about this process by highlighting some key priorities. For instance, you can rank the binary options brokers first by their diversity of option types provided.

Some binary options brokers offer as little as 2 option types while others offer as many as 8 trade types. The average appears to be somewhere in the middle at about 4 option types.  In addition, traders must make sure that when looking at diversity, it’s diversity in real terms and not just theory. For instance, it is important that they look at a broker that offers option types for long-term traders, short-term traders, sophisticated traders and also opportunities for social/copy trading.

Trade Conditions

Brokers that may have been struggling financially, or have not established themselves properly by segregating rainy day funds have a tendency of interfering with money making opportunities for traders according to popular reviews.

It’s believed that such brokers would not hesitate to block such an opportunity fearing that the organization may be unable to match calculated trade volumes. But experts have also noted that virtually all brokerage firms have adopted this technique and therefore unavoidable.

The only difference is that there are those that have made it the order of the day and thus traders need to filter such firms to maximise their returns on investments.

Binary Options Brokers Regulations Around the World

The role of central banks or similar regulatory institutions is to control and regulate abuses and even financial crimes committed by institutions. As was referred above, one of the first things you need to look at when selecting a new broker is to look at whether it is regulated or not. Here are a few of the top regulatory institutions in the world.


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US Binary Options Brokers

The legality of American binary option trading is ambiguous. Though there are two regulatory bodies – the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) – neither have licensed any binary options brokers, or provided a legal framework. Binary options trading for US customers is thus a grey area. Even though it’s unregulated, it’s not been made illegal. So, unlike online casino gambling, US customers can not face prosecution for trading at US binary options brokers.

Finpari, based offshore, is the most respected broker accepting US custom, especially since Porter Finance withdrew from the market. It supports demo account access, a 120% bonus provided users make the $250 minimum deposit, and boasts an average payout of 90%. It supports US Dollar deposits and withdrawals, and provides 24/7 customer support.

UK FCA Binary Options Brokers

The legality of binary options trading in the UK is far more clear-cut. As a UK customer, you can select brokers who are either regulated by the Cyprus Securities and Exchange Commission (CySEC), or the Financial Conduct Authority (FCA). Any broker with a CySEC license is regulated across Europe. Banc De Binary and 24 Option are two of the most popular UK brokers, offering transactions in pounds, and round the clock telephone support.

Australian Binary Options Brokers

Like the UK, traders are heavily recommended to use a broker with a license from the native regulatory body. In the case of Australia, this happens to be the Australian Securities and Investments (ASIC). There are numerous brokers with an ASIC license, such as Vantage FX, which offers an AU$100 bonus and an 85% payout guarantee.

How do Binary Options Brokers Work

Binary options brokers give their client or traders the platform to make their predictions about the behavior of an instrument value based on the expiry date. If the traders’ prediction is right they will make huge profits, on the other hand, if the prediction fails to go their way the broker earns a profit.

Binary Options Broker Expiry Times

Unlike the traditional FX and stocks trading, binary options trading has the unique element of time. This means traders must split focus between when the trade will expire and how profitable it will be. The expiry time of the trade has evolved to become one of the most critical aspects of binary option trading, and to make any commendable gain you must learn how to choose wisely.


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The expiration dates of a binary trade option vary depending on the trading broker/platform and the type of the underlying assets chosen. Whenever a binary option expires it becomes void and ceases to trade. There are different options for the expiration of binary options, each alternative is very different in what the end product will be whether a profit or a loss. The trading strategy may also depend on the expiry dates, so it’s very important to get the dates right.

Due to the technological advancement made in binary option trading, online binary option brokers are allowing traders to choose from the multiple alternatives they provide. The choice are never similar and they vary from site to site, but do not be surprised to find some brokers providing similar options. The expiration dates can be either short term, medium term, or long term.

Short term expiry. Binary options with short term expiries are traded daily. These expiries range from 0ne minute to 60 minutes, and to make profits you should avoid using broad indicators when analyzing the movement of the selected underlying asset. Relying heavily on technical analysis will bring commendable gains. Short term expiries present the high risk high return scenario for traders.

Medium term expiry. These are binary options that are only active for a number of hours. When choosing this type of expiries you should give real time technical charts and the external events a serious consideration. These two factors heavily influence the movement and price of the underlying asset.

Long term expiry. This expiry is between 1 day and several days. To trade successfully with this type of expiry you need to rely heavily on the external events like economic news and partly on the technical analysis. These expiries present the case of low risk low return scenario.

Binary Options Broker Minimum Trade

The percentage you receive as a rader will vary depending on your trading platform. When selecting you ideal trading platform it’s important to go for one that will give you at least 65% to 70% returns on your investment. This means if you bet on an option with $100 and you call turns out to be true, you will get a return of $165 to $170.

How to Avoid Binary Options Broker Scams

Online traders have been complaining of scam brokers ever since the emergence of high speed online trading platforms. Anyone can now purchase an online trading platform upon which they can develop brokerage services and run their entire binary options scam empire from the comfort of their not so official domain.

Binary options scams can be described as entities or individuals that claim to offer various online-based services such as brokerage services, signal services or auto trading services when in truth they are only making such claims to collect information about an unsuspecting user or defraud them money altogether.

A few years ago, most binary options brokers were not regulated and this opened the door for fake brokers to step in and defraud unsuspecting binary options traders.


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In this case, an individual or entity poses as a binary options broker only to run away with the money after the trader’s first deposit. Other fake brokers prevent traders from withdrawing their deposits even after making profits while others do not allow you to withdraw any profits associated with your account.

One of the best ways of ensuring that the broker you are dealing with will not scam you is regulations status. When a broker is regulated by a certain financial body, it gives traders some extra cushion on their trading activity and funds thereby lowering the risk of loss.

Most regulated brokers will always declare in their trading platforms that client funds are separated from the broker’s own operating funds, thereby ensuring that there is no temptation of using client money to conduct business activities.

Regulation bodies such as CySEC (Cyprus Securities Exchange) and FCA (Financial Conduct Authority) among others demand that brokers implement this requirement before obtaining authorization.

Conclusion

Finding a binary options brokerage firm to help start your first binary options trading is easy, but locating a commendable firm is even harder. The three features described in this article can be your first resource towards avoiding unscrupulous and misleading binary options firms.

A good binary options broker should not only be well regulated with everything in the clear but should also stand out as a market leader on payouts and trade conditions.

The time it takes to process any requested funds makes it an-easy-to go platform, as well as, the availability of assets that would help generate better profits for the trader are just but a few characteristics that the trader should focus on when choosing the best binary options broker.

Useful Ressources

Binary Options Unmasked

Binary Options Forum

Binary Tribune

 

Summary
Review Date
Reviewed Item
Binary Options Brokers
Author Rating
5