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FXPRIMUS Review: Forex Broker Review
by Gary Wilson January 12, 2020, 6:37 AM 475 Views
FXPRIMUS is a Cyprus based Forex broker firm which is licensed and regulated by the CySEC (Cyprus Securities and Exchange Commission). This broker was founded by the retail traders and a very professional trader’s team managing this firm, all around the world in more than 200 countries this broker has customers. In addition to Forex, traders can trade spot metals, indices, global equities and other CFDs all within the MetaTrader 4 platform. In addition this broker uses MetaTrader 4 platform by which traders can trade global equities, indices, spot metals and other type of CFDs as well as with the Forex. In this FXPRIMUS Review, you will learn about the FXPRIMUS advantages and disadvantages, FXPRIMUS Trading Platform, FXPRIMUS Sign Up process, FXPRIMUS Accounts and many more.
Do yo know?
This forex broker received the awards of Best Trade Execution 2020 and STP Broker Asia 2020 which was given by the Global Banking & Finance Review and from the MENA they received Most Trusted Broker Award in 2020.
FXPRIMUS Review contains
|1. Overview||2. FXPRIMUS Review||3. 3. FXPRIMUS Details|
|4. Pros of FXPRIMUS||5. Cons of FXPRIMUS||6. FXPRIMUS History and Background|
|7. Features of FXPRIMUS||8. Screenshot||9. Spreads and Leverage of FXPRIMUS|
|10. Platforms & Services||11. Accounts of FXPRIMUS||12. Demo Account|
|13. Deposits and Withdrawals Methods||14. Bonuses of FXPRIMUS||15. Videos of FXPRIMUS|
|16. Safety Features||17. License & Registrations||18. Education Program|
|19. Customer Support of FXPRIMUS||20. Market News & Hot Topics||21. Final Verdict of FXPRIMUS Review|
Now take a look to the:
|Mother Company||FxPrimus Europe (CY) Ltd|
|Broker Type||Forex Broker|
|Licenses & Regulations||CySEC, MiFID, ICF, FCA, CNMV, HFSA, CNB, ACPR, BaFin, CMC, CSSF, CONSOB, FSA, KNF, NBS|
|Trusted Broker||Fully Trusted|
|Levarage||High as 1:500|
|Other Assets for Trading||Available|
|Hedging & Scalping||Allowed|
|Minimum Deposit Amount||$100|
|Customer Support||Available for 24/7 via Email, Phone Call and Live Chat|
|Platform Supports||Web, Desktop & Mobile Devices|
|USA Customer Allowed||No|
|Allowed Countries||All Countries Except Afghanistan, Cote d’Ivoire, Cuba, Iran, Libya, Myanmar, North Korea, Sudan, Puerto Rico, USA, Australia, Syria, Japan, and Ecuador.|
|Official Website||Click the Below Button to Visit FXPRIMUS Official Website|
So, what are the pros and cons of this broker?
Pros of FXPRIMUS
This forex broker provided the following advantages to the customers:
- They have no dealing desk because this is an STP broker
- They have no restrictions for hedging
- With Forex they offer other assets for trading
- This broker has low spreads
- They are using MetaTrader 4 trading platform
- This broker offers a high Leverage of 1:500
- They are regulated by the multiple financial services authorities like the FSC of Mauritius and CySEC of Cyprus
- The minimum deposit amount is low considering other available brokers of the market
- This broker provides 24 hours Customer Support which is efficient
- They provide real-time market news for free
- They also have Tight Spreads
- Providing free Demo Account for new customers
- Customers have the Sirix Social Trading here
Cons of FXPRIMUS
- There is actually no real cons of this broker because it is very hard to find any fault of this broker for their solid and trustworthy trading process and platform.
- This broker is not accepting customers from the Afghanistan, Cote d’Ivoire, Cuba, Iran, Libya, Myanmar, North Korea, Sudan, Puerto Rico, USA, Australia, Syria, Japan, and Ecuador.
Do you know the background of this broker?
FXPRIMUS History and Background
If you are a Forex trader then you may trade with a broker, do you have faith in them? Among the few brokers of this industry FXPRIMUS is one of them which has a very high standard regarding the operations, efficiency, security, safety and most importantly transparent to their customers. In 1999 former retail and hedge trader raised funds to establish this broker in the intention to assists individual and corporate customers. Then they set up some data centers which is the backbone of this firm in Singapore, Hong Kong, Amsterdam and New York.
At that time the STP or Straight Through Processing of this firm was so difficult for them to combine with all the major liquidity providers. STP allows the traders to implement automated trading strategies, scalping, EAs, hedging and many more, without any kind of re-quotes or slippage threat except few under exceptional releases like Non-Farm Payrolls. The trading desk conflicts of back-office are also eliminates by the STP.
For the safety of customers this FX broker segregates all the deposits of the customers and operating the funds from an offshore bank name Barclays Bank. They had several national protection funds for the customers, in the case of any capital issues for another liquidity layer this fund was kicked. Now in all around the world with the regulatory authorities they have a good relationship.
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Their headquarter is in Cyprus and approved by the CySEC though CySEC is not the only one regulatory authority who give this broker approval. Across the world this broker is licensed and regulated by more than a dozen regulatory authorities, but the USA certainly is not one of them. This broker has abundance major and minor currency pairs with the indices, commodities via CFDs, stocks and other instruments.
With more than 30 languages this FX broker platform infrastructure MetaTrader 4 platform nicely for the customers. A trader can have bilingual customer service assistance 24/7 during the market hours which is supported by the web, desktop, and mobile. Traders can be benefited by the tight spreads of this broker, no matter fixed or variable, and can have a leverage up to 500:1 which is very high. As an example, for the most pairings the spreads can be reduced to a few tenths by the ECN pricing option of this broker.
If necessary traders can have one on one assistance for training and support. There is an advanced set of beneficial tools in this broker platform which contains alert tools, Sirix Social Trading, software for pattern recognition and other automated features for trading. Their security level is very high considerable as top level and will go with their motto “The Safest Place to Trade” perfectly.
Here is the best part:
Features of FXPRIMUS
These are the features and reasons that why you should join this forex broker:
- By an experienced retail and hedge traders this broker was founded in 1999;
- Their headquartered located in Cyprus and regulated directly by the CySEC direct regulatory with more than a dozen other regulatory authorities;
- Now customers deposits are segregated safely and operating the funds from the offshore bank name Tier-One bank and by national investor compensation insurance schemes providing the additional protection to the traders;
- Traders have options for ECN or traditional type pricing with the individual, joint or corporate account;
- Free Demo Account is provided to the new clients;
- Traders can make deposits and withdraw money by World Wide Bank Wire Transfer, major debit or credit cards, MasterCards, bank Skrill, and many other online payment processing services;
- Minimum deposit amount is $100 or equivalent by the other supported currencies;
- Trading can be possible in standard, mini, and micro lots;
- With up to 500:1 leverage you can have a wide range of currency pairs as well as stocks, indices, commodities with supplemented CFDs;
- Fixed spread pricing and tight variable is ensures by the STP process;
- With the ECN Premier set up they provide tight spreads, there is no threat of re-quotes or slippage except the events of high volume;
- MetaTrader4 trading platform which is supported web, desktop, and mobile;
- With the other automated trading options traders have the Sirix Social Trading system;
- Trading tools and training materials like pattern recognition software, MYFX console, alert tools, daily commentary, EAs and many more available;
- Customers have the multi-lingual customer support “24/7” during the market hours.
What leverage do you have in this broker?
Spreads and Leverage of FXPRIMUS
This broker is offering two types of spread pricing and they are Premier and Variable ECN. As an example for the major pairings ECN Premier produce spread of less than one pip while for the EUR pairings variable can produce 2 to 2.5 pips. By the account balance and type leverage varies which can be low as 1:1 or can be high as 500:1, but according to the selected leverage the margin requirements also varies. All the prices are executable and that is ensured by the major liquidity providers and STP.
Platforms are always important for a legit broker, don’t forget to check out.
Platforms & Services
This forex broker decided to use MetaTrader 4 platform for their broker which is very popular and supported in web, desktop, and mobile devices. By this platform you can integrate Sirix Social Trading easily and can customize the console formats. For increasing the reliability and speed of execution they combine MT4 platform with the global processing infrastructure. For the customers’ security and for their mind peace this platform encrypts with 128-bit SSL technology to protect all the personal and transitional data of the traders.
Let’s see few fact points of this broker platform:
- MT4 is available for Windows & Mac including iPhone, iPad, Android, & Web Browser
- With the VPS service faster and Reliable execution
- For skilled Traders and investors they provide FXPRIMUS PAMM
- With advanced FIX protocol this broker platform provide FXPRIMUS Platinum API
Ah! Here is the account types:
Accounts of FXPRIMUS
This forex broker offers a single account with Micro, Mini, and Standard lot and as the individual, joint or corporate account this can be set up. This broker also offers self-directed and managed account for the traders. These accounts have the ECN Premier or Variable spreads and the minimum deposit amount is same for all account which is $100 or equivalent.
ECN Premier Account charges 1 pip which is approximately $10, a mini lot charges 0.10 pips or $1 and a micro lot charges 0.01 pips. At once by the MAM system of Money Managers traders can manage unlimited accounts. Traders can open unlimited accounts as their wish but the usernames must be different for every account. Scalping and hedging are also allowed on this platform. This broker has the Demo Account opportunity for the new customers.
Is this broker has demo account?
We are pleased to see that this broker has the Demo Account for their new clients to help them learn about this broker platform and about Forex trading as well as other trading. The validity of this Demo Account is 30 days from the registration date. Trader almost has all the features of live account here for practicing before start trading with real money.
Now, go through the:
Deposits and Withdrawals Methods
This broker’s deposit and withdrawal process is very easy because no matter where you from, you can transfer money for depositing and withdrawing by using World Wide Bank Wire Transfer, all major debit and credit cards, Skrill, SAFECAHRGE, TrustPay, YuuPay, Neteller, fasapay, UnionPay, MasterCards, Visa Cards, ecoPayz and even BitCoin. To make this process easier in your convenience this broker has been installed a variety of local payment services.
You can also apply for a prepaid MasterCard from this broker which will help you to trade more swiftly. For the faster withdrawal process you need to up to date all the personal document and account information always. The most impressive thing of this Forex broker is that they will not charge any fees for your deposit and withdrawals.
Bonuses of FXPRIMUS
FXPRIMUS has very impressive bonus offer for all type of traders registered in this platform. If any trader switching their existing broker to this forex broker they receive a thank you bonus from this broker and by this bonus traders have $6,000 trading funds for free. But you should remember that the bonus offer can be stopped or canceled at any time by the broker without any reason and it’s their legitimate right.
This forex broker is the official partner of Manchester City FC and they celebrate this partnership, during the celebration this broker starts various contents for the traders. By participating and winning in these contests traders can have $3,000 trading fund for free.
Currently they are offering an opportunity to the traders who are depositing their trading accounts with debit cards, credit cards or with bank wire transfer. Without extra charges all deposits by these options are accepted, it is one kind of bonus for the traders. This broker also reimbursing all the transaction charges of Global Collect and Allied Wallet who are the payment processors of credit cards and to the deposit amount this reimbursement applied automatically.
Opteck Broker Review 2020
Opteck is one of the reputable binary brokers that operates from 2020. They have become successful brokerage company that provides trading with binary options.
Opteck Account Features
Due to CySEC’s decision, Opteck no longer provides binary options bonuses!
Opteck is one of the brokers that allows up to 100% welcome bonus. It doesn’t mean that you will get the highest bonus at the first. We recommend you to contact your Opteck account manager and negotiate for certain promotion. As proven by the experience, all account managers will increase your welcome bonus. It is just the matter of your willingness how much time you want to spend in negotiating with them. Trading with Opteck enables trading with high bonuses and excellent trading conditions.
If you are a binary newbie and don’t have much experience in trading binary options, we recommend you to register and start trading with Opteck demo account first. To reach Opteck demo account, traders need to deposit more than $500.
Most traders think that you trade with real funds when you use the demo account. This is not correct, traders need to make a deposit but their demo account provides virtual funds and they can place trades by saving their real money on the account. Opteck demo let you practice on trading platform and create some skills that will be helpful later on. The difference between Opteck demo and other demo accounts is that with Opteck, you get an account manager to assist you with first steps. The purpose of communication with account manager is that you learn while you practice and not just play around placing trades without knowing anything about it.
Every Opteck client will receive daily market reviews that will help traders to decide which assets they can trade with. Besides free daily market reviews, Opteck traders are welcome to use educational center that provides useful information about trading tactics. Choose between video guides, webinars or talking to personal Opteck account managers – all that is available when you are Opteck client.
There are several trading accounts available with Opteck:
Opteck Green account €250 – €499
The Green account that comes with 25% of welcome bonus and includes ebook and wide amount of video guides. Trading with Green account support traders with phone and chat support. Traders are welcomed with free daily market reviews.
Opteck Bronze account – €500 – €999
Traders that register with the Bronze account are provided with Opteck junior account manager. This account enables traders to use Opteck demo account and practice before real trading starts. The Bronze account starts with 35% of welcome bonus and includes more educational videos and a higher level of support.
Opteck Silver Account – €1,000 – €4,999
Traders that decide to invest more than €1.000 will have the best value, according to Opteck. While analyzing their services, Silver account traders are welcomed with senior Opteck account manager and 45% of welcome bonus. This account includes all features from previous accounts plus additional market liquidity webinar.
Opteck Gold Account – €5,000 – €9,999
Gold members are applied with more features that will improve their trading strategy. Besides 65% welcome bonus, Opteck Gold members are provided with extra sessions with their senior account manager. The Gold account has ensured up to 30 trading signals per day and +1% of extra payout.
Opteck Platinum Account – €10,000 – €24,999
This account enables a session with Opteck executive account manager where clients are welcomed with introduction and strategy session. Traders that decide to register with Platinum account will receive up to 85% of welcome bonus. This account enabled private sessions with a senior analyst and clients are informed about alerts about big market events.
Opteck Black Account – €25,000 – €50,000
Black account clients have the opportunity for +2% of extra payout and they receive up to 50 signals per day. Black account enabled 100% welcome bonus and weekly sessions with senior analysts.
This regulated broker, due to CySEC’s decision, no longer provides binary options bonuses!
Opteck Trading Software
When it comes to assets, Opteck can offer more than 70 assets that are available for trading. Traders can choose to place trades with both currency pairs, indices, stocks and commodities. If a trader wants to trade with a certain asset that is not on the Opteck asset list, their team encourages you to send the request and they will implement the asset according to your needs.
Opteck is one of the brokers that has invested in developing their own trading platform called Proprietary. We have tested Opteck platform and found that it is very easy to navigate and place trades. The trading options menu is placed on the top of the opteck platform. When you select a trading option it will appear on the chart where you will be able to get all the purchase info.
The great thing about Opteck platform is that traders can purchase more options at the same time. This also includes buying options on different markets but with the same time frames.
Regarding the bonuses, Opteck has special rules for its clients and we were glad that we have found that out. Most brokers don’t allow traders to make their withdrawal until the bonus requirements are accomplished. Opteck is different and lets you withdraw your profits no matter if you have met the bonus requirements or not. We respect and support this rule.
Opteck Support Information
Opteck is definitely different than rest of his colleague brokers. If you are a beginner in binary options, Opteck is the right place to start with. No matter if you are registering, searching for information about bonuses or have a question about trading platform, don’t be shy to ask for help. Opteck account manager is always here to help and assist you with everything. Opteck also offers a call-back option, so if you are not a chat person, just ask for a call-back.
Most brokers offer similar customer support versions, starting from email, contact form to live chat and phone. During our Opteck review, we have concluded that their customer support showed exceptional services which make Opteck excellent broker you can always count on.
We have tested Opteck live chat and asked a few question regarding trading accounts. The agent we talked with gave us extensive information about how to open an account or try the demo first. He recommended us which steps we need to do in order to start trading. We weren’t surprised to get all the answers in less than a minute. No matter if you are a beginner or an experienced trader, Opteck support agents will welcome you with helpful guidance and friendly approach.
If you are not very good with English, Opteck has prepared the website to be available in few languages. Opteck site can be viewed in Arabic, Dutch, French, Italian, Russian, Polish, Turkish, German, and Spanish.
Tip: Trade with reputable and regulated brokers on FX-Advisor.
Opteck Banking and Company Information
Opteck has CySEC license and it is available for trading in most countries. Our Opteck review showed that this broker recognized the importance of client’s security. Opteck has ensured that their clients are protected by highest security standards.
Making deposits with Opteck is very simple. Traders are welcome to deposit using most credible credit and debit cards such as Visa Debit, MasterCard, Visa Electron, Maestro, and Diners. If you are more E-Wallet person, you can always make payments with PostePay, Skrill/Moneybookers, JCB, CashU etc. Opteck also accepts bank wire payments.
Minimum withdrawal is only $50, and it is important to point out that traders will be charged with 3.5% of transaction fee for every withdrawal. There are no fees when traders make deposits.
Binary.com Review 2020
Binary.com is a broker based in Malta (with physical offices in Malaysia, Paraguay, and UAE) and a company that has been a part of the trading industry since the year 2000. With that much experience, you know you can expect a lot in terms of features, and these guys certainly don’t disappoint. Loads of investment options, as well as several choices of trading platform accompanied by some very low financial requirements, are a guarantee that you will find what you need on their website.
To prove that, we conducted a series of tests, with the results explained right down to the tiniest detail in the rest of this Binary.com review. Therefore, if you want to know why this company is so successful, just keep reading!
Binary.com Review | Accounts
We will start things off with a look at the available account types. There are actually only two Binary.com account types available – the demo account and the real account. With the demo account, you get 10,000 virtual USD to spend as you please on the available platforms (more on them a bit later). You can easily practice, explore and test out your new ideas and strategies in a completely safe environment. Whatever you want to do risk-free can be done with this demo account.
The other option, if you feel ready for real trading, is to open a Binary.com Real Account. We believe that the fact you have only one live trading account is an excellent and a very trader-friendly choice by the broker because it doesn’t leave any features hidden behind a paywall. In other words, you don’t have to make a bigger deposit to make a thing like higher leverage available to you. Even playing field for everyone.
It should also be mentioned that opening an account with Binary.com is very easy, as you can use your Facebook and Google profiles to set everything up if you so desire. A few clicks is all you need. But that’s just the beginning of great things this Binary.com Review has in store for you, so don’t go away.
Binary.com Review | Deposit and withdrawal
When we said that you have loads of options here, the number of Binary.com payment methods is the best proof we weren’t kidding. You can choose between literally hundreds of different ways of transferring money to and from your account! It seems like the company really has developed its offer quite thoroughly over the last 19 years. You can wire the money via Sticpay, airtm and other internet banking systems, as well as by using your MasterCard, Visa and Maestro credit and debit cards. The payment methods also include e-wallets like Skrill, Neteller, and WebMoney, but where this company truly shines is the number of cryptocurrencies they support – literally hundreds of them can be used! So make your choice; if these guys don’t have what you’re looking for, nobody does!
TRADING TIP: Experienced traders will definitely love all the useful widgets and features of popular MetaTrader 5 platform! Check it out!
20 Best Binary Options Brokers 2020
It is most likely that you have come across the term Binary Options while surfing the net, even if you don’t know what it means. Maybe someone told you, or you read somewhere that you could make impressive returns trading on binary options, and it sounded too good to be true. Maybe they said you could lose all your investment in a flash of a second, and got you scared to even try. There are many in similar circumstances with many questions about binary options lingering in their minds. Before we get to any aspects of Binary options, let explore what it is first, for the sake of anyone who is completely green to the concept.
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Binary options are a form of financial trading that involves a fixed amount of pay-off or nothing. That’s why it is called binary options anyway. It is either a 1/0 or Yes/No. There is no other option between. The trading is normally carried out online. The online trade is enabled by binary options traders. The trade involves a variety of instruments like fixed return options and digital options as forex, stocks and market interest rates. That explains why some people will tell you that you can quickly double your money, while others say you can lose it all. There is a lot of speculation among the masses about how binary options work. Many people have lost their hard-earned money because of lack of information. Before you get involved, it is prudent toe sure you understand all the risks involved. You should also work with a binary options broker that you can trust. There are many binary options brokers in the business.
We seek to bust the myths and present the facts as far as binary options and binary options brokers are concerned. There is a lot of misleading information circulating around. There are not many objective options broker reviews either. This is a review of some of the best binary options brokers. The review is essentially a binary options brokers list. The review will give you a deeper understanding of how they operate. The review seeks to arm you with relevant information before you get involved with binary options. Trading in binary options, otherwise known as hedging, can be a blessing or a curse to yourself depending on how you handle. We certainly seek to ensure it is never a curse. The review will explore various aspects of the binary options brokers such as
- Trading platform
- Minimum deposit
- Maximum returns
The review will also explore the various laws and regulations governing binary options trading in various countries. It will also highlight a few dos and don’ts as far as binary options trading is concerned. We cannot promise that you make a lot of money after going through the review, but we can promise to show you how not to lose all your money. Tag along and let’s find out what binary options trading is really all about, and find binary options trading best brokers as well.. Below is a binary options broker list with some of their terms of engagement.
Note: Based on my experience, I personally recommend IQoption , ExpertOption & Olymp Trade but please read the full review to select the one that suits you especially from first 5.
Best Binary Options Brokers 2020 Comparison Table
|Broker||Min Deposit ($)||Min Stake ($)||Max Payout (%)|
|IQ Option||10||1||95||1st Choice|
|Olymp Trade||10||1||92||3rd Choice|
Best Binary Options Brokers 2020
1) IQ Option
IQ Option is a Seychelles-based online trading platform launched in 2020. It has found a lot of favor in South Africa. It is one of the best binary option brokers in South Africa. They claim to be one of the fastest growing online trading platforms, with over 25 million members to date. Their services include forex trading, stock trading, and ETF trading. There are binary options brokers too. They have over 10 million digital options on which you can trade. You engage in the binary options trade by speculating on the global market currencies, indices, stocks, and commodities movement.
IQ Option has a website and App on which you can trade. It depends on what you prefer or what is accessible to you. You go to the instruments menu and choose the asset you want to trade in. Each asset is assigned the current profit percentage. You then choose the duration that you want to explore the asset for. The end of the duration will be marked with a red line on the chart. The system will also set a deadline for making the selected trade. Then put up the value you want to trade and confirm using the call or put buttons. You have the option to sell the option before it expires. If you choose to wait until the end of the duration, you will get 95% profit if your prediction was correct or lose the investment if your predictions were wrong.
- The minimum deposit on IQ Option is $10 for a real account or $3000 for a premium account
- The minimum investment is $1
- The maximum returns are 95% profit on your stake
- IQ Option offers no bonuses.
- IQ Option is certainly one of the best trading brokers.
Expertoption is a binary options broker with a global trading platform. The platform is available to people in over 150 countries across the world. Expertoption was launched in 2020, and it has 8,707,538 registered traders so far. Expertoption is an award-winning platform, having been recognized as an award-winning platform in the China Trading Expo Shenzhen, 6-7 May 2020. The broker offers up to 100 options of assets to trade with. Expertoption does not offer its services to residents of the following countries; USA, Canada, European Economic Area, Switzerland, New Zealand, Australia, Japan, North Korea, Puerto Rico, Sudan.
Expertoption operates both website and app trading platforms. You can log in to your account on any platform you feel comfortable with. They offer a free demo account too, for novice traders to first test their knowledge before investing any money. The platform has an education center for green beginners too. There is a lot of educational material on the center that you can go through and get relevant insight pertaining to binary options trading. The platform is quite responsive, and it runs 24/7. It offers the following technical analysis tools.
- Four chart types, eight indicators, trend lines
- Social trading – this feature allows you to watch other people around the world closing deals, or to trade with your friends
- The demo account gives you $10000 to try out with
The platform offers five types of trading accounts as follows;
- Basic – this account is for people who prefer a light start. The minimum deposit for this account is $50
- Silver – this account includes free consultations. Apparently, many people choose to start here. The minimum deposit is $500.
- Gold – this account offers you more privileges features and smart investment tips. The minimum deposit for this account is $2500
- Platinum – this account is regarded as the ultimate account for serious investors. The platform offers exclusive account management and their best expertise. The minimum deposit for the account is $5000.
- Exclusive – this exclusive account is only an invited-persons only account. It is reserved for people with the highest returns. You can contact your account manager about it, that is if you already have a platinum account.
The maximum returns can go up to 95% profit on the invested amount.
3) Olymp Trade
Olymp Trade is a Cyprus-based online trading platform launched in 2020. The platform boasts of over 20000 traders in a day. It is currently registering a growth 7% in payouts every month, with last month’s payouts totaling to $ 7 969 557. Olymp trade is yet another incredible option for a beginner. It has very insightful educational resources for trading. It is one of the best binary options brokers in Nigeria.
Olymp trade runs web, android and apple trading platforms. They offer a demo account that you can experiment with first before moving to a real account. It is one of the best binary options brokers with demo accounts. They offer 24/7 trading and over 60 assets that you can trade with. The trading platforms are quite responsive and self-explanatory. The process of setting up and completing a trade is quite simple. The platform also offers you trading signals from experienced VIP traders, to help you make profitable trades.
- The minimum deposit is $10
- The minimum investment is $1
- The maximum returns are 92% profit on your stake
HighLow is an Australian based binary options broker. A number of platforms won’t admit Australian traders. This is one of the best Australian binary options brokers. It is a great platform for those who like trading for short duration times. It is one of the best 60second binary options brokers. The platform prides itself in a wide range of binary options and some of the highest payouts. They have done over 200% profit on investment payouts. HighLow runs on the MarketsPulse trading platform. It does not accept trader from the US though.
HighLow has a web, Android, and iPhone Apps trading platforms. They offer a demo account for beginners with a $50 bonus upon sign-up. It is one of the best binary options brokers for beginners. It allows them to test their knowledge before putting in all their money. You select the instrument you want to trade from the top toolbar. It has the current market value indicated on it. You then set up the duration you want to trade for and confirm. There is an expiration duration line beyond which you cannot make any changes on the investment. Your speculations should not go out of the set high and low marks.
- The minimum deposit is $10
- The minimum investment is $1
- The maximum returns are 90% profit on your stake
- There is a bonus of $50 upon signup
- HighLow is one of the best binary options brokers with low minimum deposit.
Optionrobot is a high-risk high-return binary options trading robot service. If you are not shy of taking huge risks with high potential returns if all goes well, then Optionrobot the platform for you. The platform’s robots generate trading signals and execute the trade directly to your broker account. Optionrobot boasts of an 83% winning rate. That’s rather impressive. You might not want to stake money you cannot afford to lose on Optionrobot though.
Joining Optionrobot is quite easy and straightforward. You just sign-up, make a deposit and set up your robot to start trading. Optionrobot features three trading systems. The systems have different risk levels. They are;
- Classic System – this system has the lowest-risks, and the lowest potential income as well. It is considered the safest and secure. The prospects of making any substantial returns are quite slim though.
- Martingale System – this system offers you the highest possible returns, but also the highest risks. If you get it right on this system, you’ll be smiling all day long. The risks of losing your money remain high though.
- Fibonacci System – this is the most accurate system. It is a middle-ground between the two. It strikes the critical balance between returns and risks. You could lose money as much as you could win some.
The other important aspect of the Optionrobot is the trading indicators. These help you set up the robot. The robot monitors these indicators as long as it is active, and makes decisions based on the settings you provide. Optionrobot has six trading indicators that you can make use of. You can work with multiple indicators depending on your knowledge of them. All the indicators need to send a sell signal to the robot for it to sell though. They also need to all have a buy signal if the robot is to buy. The signals include;
Ayrex is yet another binary trading broker from Cyprus. Ayrex launched its platform in 2020. It is however not regulated by CySEC though. The company has applied for licensing from CySEC. The platform boasts of over 230000 subscribers to date. It also takes pride in some of the fastest trading speeds with 99.95% of its trades taking place in a mere 28ms. The platform allows direct or high low speculation on the trend of the asset you choose to trade with. Except for the being unlicensed Ayrex seems like the ultimate binary options trading broker.
Ayrex has a very interactive and responsive website. They also operate Android and iPhone Apps. You can choose to log in to any of these platforms depending on which one works best for you. Ayrex offers several trading accounts. One of the accounts that stand out is the Islamic account. Ayrex has put up an account for Islamic people, that is in full compliance with sharia laws. Trading on Ayrex.com is easy and straightforward.
- First, you register for a free account
- You will have to verify your identity
- You then make the minimum deposit of $25
- Click the start trading button
- Select the options you want to work with. Ayrex has a couple of options.
- Choose the asset that you want to trade with
- Speculate depending on the option you have chosen
- Stake the amount you want so long as it within the minimum and maximum investment values
- Confirm the trade before the deadline and wait for the results.
Ayrex may not be the best platform for beginners. There is not much learning material or guidance resources available. You need to know how to analyze the market and make correct predictions before you engage on the platform. Otherwise, you will be risking losing your capital. You can choose a demo account first before engaging on the real account so that you get to learn the ropes.
On the short-term direct speculations, Ayres pays up to 80% profits on the invested amount. The long-term or high-low speculations could attract a payout of up to 85% profits on the invested amount. Ayrex has frequent trade signals that have been proven to have a winning rate of 60%. That’s is not a winning rate you want to put your trust one if you are not experienced though, considering their payouts are a bit low. All factors considered, they are still one of the best binary options brokers 2020.
Cryptorobot365 is yet another Seychelles-based binary trading broker. It mainly deals with cryptocurrencies. You can trade with Ethereum, Bitcoin, Monero, Litecoin or Ripple. The platform, unlike the others, is quite straightforward. You just buy the cryptocurrency of your choice under speculation that it will appreciate in price. The platform is an automatic platform. It monitors the trends in the cryptocurrency market and sells or buys cryptocurrency on your behalf to help you make profits.
There is not much to learn about the Cryptorobot365 trading platform. They have web and app trading platforms. You can choose any depending on your preference. The platform needs you just to deposit the minimum amount, select the cryptocurrency you want to trade in, and activate the robot. It is one of the best binary options robots. This model is a great option for people without sufficient knowledge about cryptocurrencies. Keep in mind that you could lose the money too. The platform has a demo account that you can use to try out first before you invest your money.
- The minimum deposit is $250
- The maximum returns are dependent on the margins of the sales made
Binaryrobot365 is yet another robot based binary options broker. Instead of you monitoring the markets, yet set the ideal market conditions and let the robot make the trade when it detects them. Binaryrobot365 claims to register up to 90% win-rate among it traders. It is a great platform for novice traders to try their hand in binary trading. Binaryrobot365 is one of the best binary options brokers in India.
Binaryrobot365 operates web and app platforms. You just sign up for an account, choose a binary robot service provider and switch on the auto-trade function. It is important to note that the binary robot you choose is a central determinant of whether you are going to make money or not. Make sure the service provider you settle for can be trusted. The robots are technically developed and are based on empirical data. Some of the market factors are non-quantifiable though. Therefore, the robots cannot guarantee you returns.
- The minimum deposit is $100
- The maximum returns are dependent on the broker you choose. The returns range between 85% and 90% profit on your investment.
Binary.com is a UK-based binary trading broker. It has been licensed by and is under the regulation of the British Isles, Malta, Ireland and the UK. It is one of the most transparent binary options brokers uk. It has made declarations of owning the company, and it is in charge of the market operations. The platform brings together aspects of gambling and binary trading. Its services include FX margins, Crypto trading via MT5 and CFDs. Binary.com offers you over 100 instruments to trade with. Binary.com also offers you interactive webinars, daily market reports and eBooks and videos for learning, all for free.
Binary.com operates a website and Android and iPhone Apps. You can log in to your account on any platform of your choice. The platform also offers you the option to trade on a virtual account before you move to a real account. Newbies to binary trading can take advantage of the virtual platform and learn the ropes. The platforms run 24/7 all year long. They have interactive and easy to understand charts to help you follow the market trends. The platforms are quite responsive too.
The minimum deposit for a bank transfer or by bank card is $10. Those with e-wallets can deposit as little as $5. You start trading by choosing an instrument to trade with and setting aside a trading duration. You have to have to complete the trade before the expiry time.
The return percentages are not fixed. They vary from time to time. You need to have more than 25 turnovers so that you can have a withdrawable amount. Binary.com also pays a 1.5% payout commission.
The bonuses are not fixed either. You can get two types of bonuses. There is the deposit bonus and the free bonus. You get the deposit bonus one you deposit money above a certain amount. The free bonus is given as per the results of your trades.
Finmax is a Bulgaria-based binary options broker. The platform was launched in 2020 and boasts of a team of financial market professionals who help people around the work trade in binary options. The platform does not admit US traders though. Finmax has a couple of awards under its belt. They are an indication of its prowess as far as binary trading is concerned. Finmax also offers some of the shorted trade durations. You can set the trade to last for as little as 30 seconds. You can also set long durations. They can be as long as six months, depending on your speculations.
The trading platform allows an easy sign-up process. It has a lot of educational materials. You have access to eBooks, videos and live webinars from the financial market professionals. Finmax also offers a free demo account that you can use to familiarize yourself with the account. Finmax offers five types of real trader accounts. They are;
- Bronze – this trader account has a minimum deposit of $250 and full access to all the features. It also attracts up to 25% bonuses and as well as a payout of 75% more than assets.
- Silver- this account requires a minimum deposit of $1000. It features risk-free trading for up to 25% of your deposit and up to 50% bonuses.
- Gold- this gold account requires a deposit of $5000. It features +2% of return per each trade and up to 100% in bonuses
- Platinum – this account requires a minimum deposit of $25000. It features +4% of return per each trade and up to 100% in bonuses
- VIP – this account requires a minimum deposit of $100000. It features +6% of return per each trade and up to 100% in bonuses
The accounts’ privileges rise with the account’s rank. The high ranked accounts have a lot more privileges.
Trading on the platform once you have the account is easy and straightforward. You choose the asset you want to trade in. You then choose the above and below points. These are the high and low points you are speculating the asset to remain within. You then choose the expiry time and complete the trade before the deadline.
Finmax offers up to 90% profits on the invested amounts. These are some of the highest binary trading revenues you can get.
FXMasterbot is yet another binary trading robot. It offers 17 forex pairs and five cryptocurrencies to trade with. FXMasterbot claims the platform made by a team of financial analytics professionals. It delivers trading signals after every minute. The system just like many robots, allows you to connect to your broker’s platform.
Engaging in FXMasterbot is quite simple. You just need to sign-up for an account, then fund your broker’s accounts and set-up the robot and activate it. The robot will trade according to the delivered signals. Unfortunately, the information available about the operation and payout of FXMasterbot is quite scanty.
You can log in into your account using the browser platform or the Apps, either Android or Apple depending on your preferences. It is not prudent to invest on a platform whose results you don’t know and have no way of finding out though. There have been various complaints from traders who have used the platform.
Binarycent is a forex CFD trading platform. You trade in binary options with forex as the asset. Binarycent has one of the lowest minimum investment amounts. You can invest as little as 10 cents on Binarycent. Binarycent works just like a majority of the other binary options brokers.
Binarycent offers three types of accounts depending on the starting capital you have. They are;
- Bronze – this is the lowest caliber trading account on Binarycent. The minimum deposit required is the $250. The account features 24/7 live video support, I hour withdrawals, 20% bonus, and a copy trading tool.
- Silver – The minimum deposit for this account is $1000. The account features all the privileges on the bronze account, plus 50% bonus, master class training, and first three risk-free trades.
- Gold – this is the highest caliber account requiring a minimum deposit of $3000. It features all the features in the silver account, plus 100% bonus, and a personal success manager.
Binarycent also offers a demo account for novice traders. You need to have a certain level of knowledge before you decide to engage in the platform though. Once you have one of these accounts, you can go ahead and choose an asset to trade with. Set up the duration and put up your stake.
Binarycent has maximum revenues of up to 95% profit on the staked amount. You can access the platform through your windows or mac browser, as well as through an Android or Apple App. Their methods of funding the account and withdrawing are quite simple. Unfortunately, the platform offers no trade signals. Your trade is solely based on your analysis and speculation, unless you have the Gold account. You can get some advice from your success manager. Either way, the decisions are still all yours. The manager can only give pointers.
Binarymate is a UK-based binary options broker. The UK has strict regulations for binary options trading. Binarymate is registered in the UK, and it accepts US traders too. It is one of the most reliable and secure binary options trading platforms. It is actually one of the most trusted binary options brokers. Binarymate offers more than 100 assets to trade with. It boasts of 5372 trading accounts in the system and $ 3452175 worth of trading volume in the last month. The platform also offers a lot of training and educational materials that newbies can take advantage of.
Binarymate operates a proprietary website, but they don’t have either android and iPhone Apps. You can conveniently access the platform from any device of your choice. The platform is quite easy to sign-up to. They have three types of accounts, each with a minimum deposit. The perks of having an account with Binarymate include;
- 24/7 live video support
- 1-hour withdrawal processing time
- Secure trading and data protection
The accounts are;
- Bronze- the bronze package features a minimum deposit of $250. You will also get a 20% bonus on your deposit.
- Silver- this account requires a minimum deposit of $1000. It also comes with a 50% bonus
- Gold- this is the highest caliber account. It requires a minimum deposit of $3000. It allows you to choose between a bonus of $250 or risk-free trades.
Binarymate offers stellar customer care support and through their live chat video agents. The agents are available 24/7. It is the best binary options brokers with low minimum deposit uk.
You have the option to start with a demo account if you are a novice to binary trading. You do not have to invest your money before you have learned the ropes and risk losing it. Binarymate is one of the few offshore binary options brokers US. It also one of the best binary options brokers usa.
- Minimum deposit: $250
- Maximum returns: 90%
- Bonuses: up to $250, risk-free trades
Raceoption is yet another highly rated binary options broker. Raceoption is UK-based and is subject to the UK’s strict laws and regulations. The brokerage was launched in 2020, and it has one of the friendliest platforms. Raceoption accepts traders from all over the world, including those from the US. The platform boasts of average trader earnings of 1217 per month. It has 1570 traders as at the moment and more than $1.9 million in trader earnings per month.
Raceoption operates a user-friendly proprietary website and an App on both Android and Apple platforms. Raceoption offers three types of accounts. You can sign-up for any one of them depending on the starting capital that you have. The platform offers you over 100 assets that you can trade in. Trading on the platform is quite easy and straightforward too. Below are some general steps;
- You first select the asset you want to trade in on the drop-down menu.
- Choose your preferred expiry time
- Choose the amount you want to invest
- Confirm the trade before the deadline allowed
- You will profit with a fixed amount if it turns out you were right.
Raceoption has the signature three accounts. They are;
- Bronze- this account requires a minimum deposit of $250. It features a bonus of 20%, 24/7 live support, I hour withdrawal, demo account and copy trading tool.
- Silver– this account requires a minimum deposit of $1000. It has all the features in the bronze account, plus 50% bonuses, a master class training, first 3 risk-free trades and an individual account manager.
- Gold- this is the ultimate account on Raceoption. It requires a minimum deposit of $3000. It has all the features in the silver account, plus integrated technical analysis, and up to 100% in bonuses.
Raceoption has a wide range of funding and withdrawal methods. You can choose one that suits your convenience. Raceoption has up to 90% payout profits. These are some of the highest payouts in the industry. Many brokers do not admit USA traders. Raceoption is the best binary options brokers for USA traders. It is one of the best us regulated binary options brokers.
Automatedbinary is a binary options trading robot. It is a great service for novice binary traders and veterans as well. It allows you to work with several binary options brokers. You can connect your robot account with several binary options brokers too. Automatedbinary offers you three robots plans depending on the level of risk you are willing to take. Keep in mind that high-risk options mean you can easily lose the money, but you will get a pretty sum if you turn out to be right. Low-risk options may not have high returns even if you are right.
Automatedbinary runs a proprietary website and an App on both iPhone and Android platforms. Engaging on the platform is quite simple. You just sign up, choose the broker you want to work with, and fund the broker account. Keep in mind that the payouts and bonuses you get are dependent on the broker you choose. The brokers have different accounts on offer depending on the amount you can deposit as the minimum deposit.
You then embark on setting up the robot. Choose the risk plan you are willing to work with. Automatedbinary offers three risk plans. They include;
- Safe classic – this is a basic low-risk plan. It is a great place for novice traders to begin so that they have time to study the trends before possibly losing a lot. You can set the trade amounts to be anywhere between $5 and $500.
- Compound martingale – this is a high-risk plan. It is mainly used by casino gamblers. This plan is better for a veteran who has studied the trends for a while and knows what to do when. You can easily lose the money on this plan, but you will be smiling all day long if you turn out right.
- Accurate Fibonacci – this plan is a middle ground between the latter two. Many traders choose this plan. It represents reasonable risk levels and impressive returns when your speculations are on point. You could still lose though.
The next part of setting up the robot is the match indicators. The indicators are the prompts that tell the robot when to buy or sell. Automatedbinary offers six indicators. You can choose one that you are comfortable with, or multiple if you know how to work with them. Keep in mind that the indicators must send identical prompts for the robot to execute any trade. If you are using two indicators, both indicators might signal to buy for the robot to sell. It applies the same if you are using six of them. More indicators reduce the risk involved in the trade. However, you might end up with zero or very little returns if you combine too many indicators. Automatedbinary works with the following indicators.
- TREND indicator
- CCI indicator
- RSI indicator
- Williams indicator
- Stoch indicator
- MACD indicator.
Zoomtrader is a Belgium-based binary options trader. Just like many others, it offers the opportunity to trade in stocks, forex pairs, and commodity movement. Zoomtrader has a very interactive platform. However, the platform has no information about its previous trades or revenues generated. That is always a red flag.
Just like all the others, Zoomtrader offers web and mobile trading platforms. It features three types of trading accounts. The accounts are as follows;
- Bronze – this account requires a minimum deposit of $1000. It has one trading strategy, weekly market reviews, and an introductory video course.
- Silver – this account requires a minimum deposit of $5000. It features two trading strategies, daily and weekly market reviews, introductory and advanced video course.
- Gold – this account requires a minimum deposit of $100000. It features five trading strategies, daily and weekly market reviews, introductory and advanced video course, individual account manager, weekly one-on-one trading sessions and same day withdrawals.
ZoomTrader features payouts of up to 83% profit on investment and bonuses of up to 100% on the first deposit.
Hyoption is a binary options broker that is licensed by CySEC. It is owned by a company called HYCM based in Cyprus. Hyoption just like many other brokers allows you to trade in binary options using various assets. It offers up to 100 assets that you can trade with. Hyoption does not offer much information regarding how many subscribers they have on the platform, or the revenues collected. Their trading platform has similar features as many other brokers that we have reviewed.
The Hyoption trading platform is user-friendly and features most of the basic features we have become accustomed to. They operate both proprietary webs and Apps on both Android and iPhone. The system allows you to choose an asset of your choice and speculate on its trend over a preferred period of time. Hyoption have a wide range of options with regard to time. The options range from 30 seconds options to 1-month options.
Hyoption has a very straightforward and easy to use the account. The minimum deposit for a Hyoption account is $100. The minimum investment amount is $5. It offers maximum payouts of up to 83% profit on the invested amount. Hyoption offers bonuses of up to $10000 for new traders. The bonuses are subject to terms and conditions regarding their withdrawal though.
24option is an online trading platform based in Belize City, Belize. It has been around since 2020, and it is one of the most stable and reliable trading platforms. It is under the rules and regulations of CySEC (we are going to talk about this later on in the review). 24optios’s binary trading is enabled by a third-party entity named TechFinancials trading platform. 24option does not accept traders from the US and Australia.
24option has a website and Apps on both play store and Apple store. Once on the platform, you choose the CFD (contract for difference) you want to trade with on the upper toolbar. There is a filter to control the CFDs you want to see. The platform features indices, forex, stock, and commodities. Next is to choose the direction in which you want to invest. There are numbers in the Buy/Sell buttons that indicate the points required to pass for a successful trade. You trade has to be higher than the number indicated in the buttons. Then choose the duration for which you want to trade and confirm. The graph will show you the progress of your trade. Green means your speculation is positive while red means they are negative.
- The minimum deposit on 24option is $250
- The minimum investment is $24
- The maximum returns are 88% profit on your stake
- There are bonuses of up to 100%
- Regardless of a high minimum deposit 24option has already carved a name for itself as one the best option trading brokers.
Binomo is yet another Seychelles-based binary options broker that has been in operation since 2020. It has been providing brokerage services for Russians. Binomo is registered and regulated by the EU. Binomo prides itself on unique and affords trading conditions. It is hailed as one of the safest and most reliable binary trading platforms in the industry. It is a great platform for binary trading newbies too. It has a wide range of training resources.
In 2020 Binomo had the best trading platform. It still has one of the best trading platforms today. When the platform was launched in 2020, it shook the market and won Binomo a huge chunk of the market. Binomo offers up to 80 assets that you can trade with. The assets include some of the worlds largest companies. Binomo offers four types of accounts each with different privileges depending on the minimum deposit. The accounts are;
- Demo account– this account is meant for novice traders to experiment before they start staking actual money.
- Standard account– the minimum deposit for a standard account it as low as $10. This account allows you access to the real market and analytical support. You can also take part in tournaments and special offers. This account has payouts of up to 83% profits on the staked amount.
- Gold account– this account has a minimum deposit of $500. The privileges of this account include an expanded list for trading assets, a personal manager, bonus funds and 5% refund on losses. This account has payouts of up to 86 % profits on the staked amount.
- VIP account – this account attracts a minimum deposit of $1000. It is accompanied by privileges such as 10% refund on losses, the widest choice of assets, personal manager accessible on skype, and 4 hours withdrawals. This account has maximum payouts of up to 90% profits on the staked amount.
Best Binary Options Broker Selection Guide
The reviews above are meant to give you insight about how binary options trading works and the various brokers involved. Our aim is to ensure you have a blissful and profitable trading experience. It would be unfortunate for you to invest your hard-earned cash into a certain platform, only to lose it all. Before you settle on any of the brokers, there are a few common factors you are supposed to consider. The factors are;
Licensing and Regulation
The binary options brokers are supposed to be licensed for operation by the relevant authorities. They should be operating under the regulation of these authorities. The regulation is always in place to ensure you are protected from scams. If you are not a financial analysis professional, it would be difficult to tell whether the market trends being displayed on the charts are real. The regulation is meant to ensure the brokers do not take advantage of the naivety of some traders. Regardless of any reviews you might have seen about various brokers, ensure the broker you choose to trade with is licensed and under regulations. For instance, CYSEC is one of the most respected regulation bodies. It regulates brokers based in Cyprus. It might be challenging to best binary options brokers for us traders because of USA’s tight regualtions.
Ultimately, you can only invest the amount that you have. Take time to explore the various binary options brokers whose minimum deposits you can meet. Fortunately, many of the brokers have broken down their services into various packages for people with different financial capabilities. Check relevant reviews to find out which of the brokers whose minimum deposit you can meet is best for you. They are a number of brokers with very minute minimum deposits.
Different brokers offer different percentages of payouts. Obviously, everyone would want the broker with the highest payouts. Compare the payout and other factors such as customer support, market signals and tips, educational materials, and others. This will help you judge how fair the payouts the broker is offering are.
The reviews and guide above should help you choose your best-suiter binary options broker. We sincerely hope this review can help you trade in binary options profitably. The review has some of the top binary options brokers. You should be able to get a great binary options broker. Happy trading!
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