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Top 3 Binary Options Brokers: Comparison of IQ Option, Binary.com and HighLow
IQ Option: Top Binary Options Broker
What are the top 3 binary options brokers today? Arguably, these are also one of the most popular, secure and regulated brokers in the industry. In this article, we’ll take a closer look at the terms, assets, trading platforms and accounts of:
Binary options brokers provide traders a platform to do their online trading in a secure environment. These companies also provide you with guidance and assistance online by helping you facilitate your binary options trading account.
Since there are many binary options brokers to choose from, we have gathered the top 3 binary options you can use if you’re planning to get started in your trading endeavors.
An example of a candlestick pattern, specifically the Morning Start Pattern, in binary trading. (Source: The Binary Optioner)
Growth of Binary Options
Many investors find binary options attractive and it appealed to numerous traders and newcomers. As the industry grows, brokers are also expected to become more reliable and trustworthy. According to Finance Magnates, the European Securities Markets Authorities (ESMA) even updated their regulatory framework to secure a fair treatment between traders and brokers in EU, particularly when it comes to brokers offering bonus systems to attract new clients.
Equipped with the right understanding and informed decision-making about binary options trading, there’s a potential for you to reap a huge sum of money through this trading option. This trading can reap you significant rewards, although, perhaps, not as stark as this rags to riches story from binary options as reported by The Sun.
How to Choose A Binary Options Broker
Choosing your binary options broker is one of the most crucial decisions you’ll make before executing any binary options trade. Since it’s a volatile market, having a good understanding of how this type of trading works and what to look for in an online trading platform is vital. Here are some factors to keep in mind:
- Assets. Brokers offer a wide variety of assets, hence, you must look for a platform that offers the type of asset you’re interested in.
- Payment methods. Having a variety of payment methods proves a broker’s reliability as it shows payment service companies trust them. Also, it provides you with many options to choose from according to your convenience.
- Demo account. This allows traders to test their skills without risking their own money and capital. Not all broker offers this type of account, hence, checking beforehand if it’s available is essential to potentially help you increase your trading success rate.
- Customer service. A reliable broker that you can easily contact regarding any issue or inquiry is valuable. Additionally, it’s also recommended to choose one that’s available in your language and has several contact channels, live trading charts, and tutorials.
- Bonus money. This is optional, but looking at brokers that offer bonuses may appeal to you to maximize your investment.
Top 3 Binary Options Brokers
1. IQ Option
IQ Option is the leader of our top 3 binary options platforms with its top-notch user interface for traders and excellent fusing of functionality and transparency. It is considered as one of the most reliable and trustworthy binary brokers in the industry as it’s licensed and regulated by the Cyprus Securities and Exchange Commission (CySec). The company is fully compliant with all the regulations of the commission and is authorized to operate and sell their products in a number of jurisdictions.
The online trading platform is one of the best in industry standards. Aside from binary options, IQ Option also offers other alternatives including Contracts for Difference (CFDs) on stocks, Cryptocurrencies, Forex, Exchange Traded Funds (ETF), and digital options (with assets such as commodities, currencies, indices, and stocks).
It’s a robust application that’s packed with features that meet the needs of different types of traders – from professional ones to the newcomers – as it’s both functional and easy to use. Learning how the platform and binary options work is streamlined with the wealth of education and training resources provided by IQ Option. Materials such as tutorials, videos, webinars, e-books, and FAQ sections are easily available for traders to utilize.
Additionally, it offers convenience to its users with flexible deposit and withdrawal methods. It gives its users a wide array of options to fund their account via debit card, credit card, Skrill, WebMoney, Cash U, Neteller, Moneybookers, wire transfer, and even using Bitcoins. Withdrawing money is just as convenient.
The Best Binary Options Broker 2020!
Perfect Choice For Beginners!
Free Demo Account!
Free Trading Education!
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Only For Experienced Traders!
If you’re interested in trying out this broker your can easily start trading with IQ Option here.
- Minimum deposit: $10
- Payout: 91%
IQ Option is equipped with one of the most sophisticated platforms in the binary trading industry which is overhauled and updated to equip more advanced tools and features such as take profit levels and spot losses. Here are the devices you can use:
- Desktop. The app can be downloaded or accessed in the web on your PC or Mac. It offers four different layouts (line, candlestick, area, and bar) to view the charts according to your preference. It lets you make multiple trades and has technical analysis features.
- Mobile. It has a tailored mobile app that’s available on Android, iOS, and Windows versions. The interface is familiar as it’s designed to match the desktop version’s buttons, screen, look, and feel.
- Demo account. One of the best in the industry, IQ Option gives users a demo account with a renewable supply of virtual funds. It runs alongside a real money account.
- Live account. Traders can immediately start trading by depositing a low minimum investment amount of $10 to access your live account. Having a real account allows users to participate in trading competitions, access more than 70 assets, and request withdrawal processing within 24 hours.
- VIP account. In addition to the features of a real account, a VIP account provides you a personal manager to assist you with any issues and inquiries and a monthly report on your trading records for insightful feedbacks. This account has higher payouts, entry to bigger tournaments, and exclusive educational materials. To get a VIP account, the user must deposit a minimum of $3,000.
Next on the list is Binary.com, one of the more established and respected brokers for binary options. It is fully licensed and regulated by the Isle of Man’s Gambling Supervision Commission which ensures the company stays compliant with the relevant regulations. It has one of the lowest minimum deposit requirements in the industry which makes it appealing to many traders.
The platform is known for being simple, straightforward, and easy to use. This lets you seamlessly execute your trade within seconds, track your portfolio in real time, sell trades at market prices and identify the appropriate trade for each market condition. As you scroll down, you’ll see comprehensive chart features that you can view in interactive, pop-up, line, and legacy viewing options. The trade types they offer include Rise/Fall Option Contract, Higher/Lower Option Contract, Touch/No Touch Option Contract, and Tick Trades which all sets them apart from other brokers.
Binary.com allows users to trade with flexibility. You can choose from a duration of 10 seconds to 365 days, a payout from $1 to $50,000, your own strike, and assets that range from stocks, indices, commodities, and major currencies. Another innovative feature of the platform is their “Binary Bot” service that assists traders to configure and build their auto-trader. Depositing and withdrawing funds to and from your account can be done by debit and credit card, e-wallets (such as Skrill and OK Pay), money transfer, and bank wire.
- Minimum deposit: $5
- Payout: 90%
- Desktop. It has a user-friendly platform with the basic functionalities and detailed features. It operates in real-time and lets you execute trades within seconds.
- Mobile. Retaining the desktop version’s look and feel, the mobile app is optimized for Android and iOS devices. It’s designed carefully for traders to do quick, on-the-go trading anytime, anywhere.
Binary.com only offers two straightforward account types:
- Virtual demo account. A Binary.com demo account that you can quickly sign up on from your desktop or smartphone. It provides $10,000 for novice traders to practice and get the hang of trading binary options before even depositing your own money.
- Real account. Once you decide to move to a real trading account, all you have to is make a very low initial deposit of $/£/€5. You can then easily access your virtual and real account via the menu box as you need.
Placing on the third spot of our top 3 binary options brokers is HighLow. It’s a web-based online trading platform that’s designed with flexibility for novice and veteran traders. Regulated by the Australian Securities and Investment Commission (ASIC), it’s one of the industry-leading brokers that give you high payouts, free demo account, and real-time market prices.
The trade types they offer includes HighLow, HighLow Spread, Turbo, and Turbo Spread. The expiry time ranges from 15 minutes, 1 hour, and 1 day. For the Turbo option, traders can choose from 30 seconds, 1 minute, 3 minutes and 5 minutes. They also offer a bonus promotion of $50 cash back after your first trade whether you win or lose.
HighLow continues to be a popular name in the trading industry which shows a promising direction on aspects of the platform that users want them to improve, such as the list of their assets. The minimum deposit amount can be funded through hassle-free methods using your preferred currency that ranges from USD, AUD, EURO, and GBP. Meanwhile, withdrawal can be done instantly through credit card and Neteller while bank account withdrawals can take up to 3 days.
Binary Options Brokers
Binary Options Brokers in the USA – Trusted Binary Options Brokers
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What are binary options brokers
We review the best binary options brokers worldwide. Hi, this is BinarySignalsPro, and today we will discuss how to choose a binary option broker and what is the best broker for binary options for you, whether you are in the US or Australia, or elsewhere.
Currently, there are more than 450 trading platforms or brokers. This was not the case in 2008, when binary options trading began, as there were about 10 trading platforms that were good, as they created High Competition.
The emergence of many brokers, which is beneficial for investors in terms of more bonuses and higher profits.
Best Brokers and Investment Companies 2020
Trade with the best binary options brokers on the market:
If anyone does not know: a binary option is an “all or nothing” option; This option with a fixed price, which, depending on the pre-agreed condition, either provides a fixed income, or does not bring anything.
Brokers, rating of investment companies – All brokers and investment companies. The broker rating is an intuitive, functional and convenient tool for a trader who chooses an exchange broker.
The main purpose of the rating is to compare brokers and choose the best investment companies. Each visitor to the site, regardless of whether he is a novice or a professional, is invited to vote for the best brokerage company from his point of view. We also recommend that you review our Binary Options Brokers rating.
The rating of brokers is not responsible for errors in the information provided. To get the latest information, visit the website of the broker or investment company.
TeleTrade-DJ Ltd Sharp ECN Forex Account
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WHY AMARKETS? 11 years of successful trading
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Online Trading with Binary com Broker
Most Innovative Multi-Asset Broker 2020 “Best Retail Forex Broker“
At Binomo you can invest in transactions starting at $1 with returns of up to 70%.
Get More than a Forex and CFD Trading Account at XM
easyMarkets® technology breaks not only the administrative barriers, but also the minimum monetary entry level. With our system the user can open a position for as little as 25 USD.
EuropeFX Personal Client Area Broker
Prestige Financial Markets. Why Should You Choose to Trade with Us?
Recommended Brokers in the US
For many traders, US brokers are the benchmark for reliable and high-quality trading in binary options. This is due to the fact that regulators closely monitor the investment activities of the United States, and the requirements for investment companies are very strict.
Thus, the choice of a broker in the US market is an additional guarantee of the security of the invested funds. It is from these considerations that large investors prefer US brokers with extensive experience in the market. As far as this is true, everyone must decide for themselves, but the US regulatory bodies, such as the CFTC, which are subject to US brokerage funds in the stock market, are already a guarantee of the company’s reliability.
The following list of binary options brokers in the US contains the most significant brokers that can provide services to traders from the United States. Choosing DC, you should consider all options, and if the broker is trustworthy, but territorially located and registered in the US, this is not an excuse to refuse to cooperate. Many brokers have sites in different languages and are happy to see customers from all countries, so they provide quality technical support in all languages.
The rating of American brokers, presented in the list below, contains the most respected companies with a good reputation.
HighLow Review – is en.highlow.net scam or good binary options broker?
Min./Max. bet size
up to $50 cashback
*Up to 100%, spread included
HighLow is an ASIC-regulated binary options broker, that offers industry leading payouts on its unique trading platform. Unlike most binary options brokers, it offers a single trading account type.
In terms of assets, however, the broker’s portfolio appears rather limited. It includes less than 20 currency pairs, less than 10 indices CFDs and gold.
The Company. Security of Funds
Highlow Markets Pty. Ltd.
HighLow is a brand name Highlow Markets Pty. Ltd., a firm regulated by the Australian Securities and Investment Commission (ASIC).
ASIC requires licensed companies to meet certain requirements and to comply with various rules. Australian forex brokers must hold at least $ 1 million in order to operate legitimately, to keep clients’ money segregated trust accounts and to report transactions regularly.
Unlike other European brokers, however, Australian ones are not covered by any compensation scheme.
Trading Options: High/Low, High/Low Spread, Turbo, Turbo Spread
Assets: Currencies, Indices and Commodities
Expiry Times: High/Low, High/Low Spread – from 15 min to 1 day 3
Turbo, Turbo Spread – from 30 seconds to 5 minutes
As you can see, popular trading options such as long-term binary options, One Touch, Ladder and Pairs are not available with HighLow. Also, there is no option to follow other traders, such as SpotFollow or iFollow.
On the other hand, this broker offers an unusual type of options that show a bid/ask spread, the standard method of price making in the forex markets. These are Turbo Spread and High/Low Spread options.
Minimum Initial Deposit
The minimum initial deposit for clients of HighLow is $50, which is a low initial amount. Many binary options brokers require $100 – $200 from traders as a start, and they are not even regulated.
The minimum bet size with this broker is $10, which is average. By comparison, with mobile-only binary options broker NenX one can place a trade with just €1. A bet size as low as this allows lower-risk trades.
HighLow’s payouts are expresses in their platform as decimal odds. In fact, this broker offers rather high payouts, those for Turbo Spread and High/Low Spreadwhich actually being among the highest in the industry, reaching 100%. However, with those instruments traders have also pay a spread, as their name suggests. This is how the broker gets paid for its services and is able to offer 100% returns.
On the other hand, the payout amount for HighLow’s non-Spread instruments is 88%, which is also attractive.
HighLow uses its in-house web-based platform, which is also available as mobile applications for iPhone/iPad and Android devices. It is quite unique and easy to use at the same time.
Once an asset is selected, the chart below will update, showing current price levels, trader sentiment, payout and the expiry. The platform’s charts, however, are basic, lacking advanced technical analysis features.
Besides, the platform provides a sentiment indicator, Trader’s Choice, that allows users to monitor current trading trends in real time.
HighLow currently offers up to $50 cashback on initial trades for new clients.
Methods of Payment
There are several payment methods available to HighLow’ clients: Credit cards (Visa), bank wire and e-payment service Neteller. Other region-based methods are also available.
There is a $20 fee for international transfers to overseas bank accounts.
HighLow is an ASIC-regulated binary options broker whose offerings are pretty unique in terms of instruments and platform. It offers 100% payouts but these instruments also include a spread. To sum up the above, here are the advantages and drawbacks in relation to this broker:
|ASIC-regulated||No long-term options, OneTouch, Ladder|
|Attractively high payout amounts||Rather limited asset offering|
|Unique and easy to use trading platform|
FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
HighLow Broker Review 2020
HighLow is an interesting and regulated binary options broker. Our decision to review this broker is driven by the fact that we feel that is an excellent opportunity that traders in Asia, Middle East, Africa, Australia and Europe can take advantage of. US traders are, however, unable to trade with HighLow, but they are always free to use other brokers with support for US trading.
The HighLow website is intuitively designed, making it easy to use and it doesn’t overwhelm users with lots of information streaming. The main focus of the website is on binary options trading services. With an excellent trading interface, you are bound to have a lot of fun with it, just as we did, when we were doing a HighLow review. If you are interested in knowing the various terms and options of this binary broker service, be sure to read the rest of the HighLow review.
HighLow Account Features
HighLow is owned by RCTM – an Australian based company with Australian Financial Services License Number (ASIC) 364264. Some of you may wonder why we consider regulated status a review when reviewing this service. The response to this is straight forward, and it is because a regulated broker is required to ensure more customer protection facilities such as compliance to a state customer protection agency, definite protocols in case of complaints, segregated funds, ensuring customer deposits and much more.
It is thus a nice opportunity for traders who prefer trading with AUD to join and benefit from the additional perks that HighLow is currently offering. The staff at HighLow has various unique promotions which are great benefits to both present and future customers. For instance, there is a $50 cash back promotion on your first trade.
Again, the product itself can be considered as a special feature. In the past, we have always discussed such topics in our Software and Assets review section, but for HighLow review, we had no option but to make a brush at the advanced binary options types it has in store for you. It is possible for a trader to achieve up to 100% and more with HighLow and 200% and above with the on-demand options. You will also be pleased to know that with HighLow, it is not only the expiry time that matters, but also the spreads allow traders to have greater control of the outcomes of their trades.
You are free to test these and many other amazing features without any hassles or even the need to make a deposit since HighLow offers a demo account, which operates on the demo mode for the entire website. It also doesn’t limit the amount of time you can be on the HighLow demo and you get up to a maximum of A$10,000 virtual currency to play around with on the demo account.
HighLow Trading Software
The High Low trading interface is one of the most intuitive and friendliest ones you will ever come across. The trading is also designed in such a manner that it just flows. You will find the binary options types at the top of the bar, with the second row having the preferred expiry times. The binary options presented are in a feature known as binary options carrousel and this makes it possible to browse easily and with great access to the most important information available. We found this feature to be very convenient when we were doing our trading for the HighLow review. One of the first options that users can choose is the traditional, digital, high and low binary options.
With HighLow trading, traders are able to realize up to 90% ROIs with these instruments, and this can happen irrespective of the amount deposited, starting from as little as A$10. This is without any doubts the highest possible returns available in the industry for such kinds of instruments.
The first binary option is also possible with HighLow for the traders who prefer such. All they need to do is to choose the “Options on Demand” tab with expiries of 5 minutes, 90 seconds or 60 seconds. During the HighLow review, we discovered that Options on Demand can sometimes be very versatile and flexible at the same time. It can work well for traders who like taking advantage of short term patterns as well as some dynamism in their trading environment.
Forex type spread high-low trading is the second type of binary option available with HighLow broker. Spread trading is ideal for investors with high-risk appetites but also keen on getting returns of up to 100% and above. Spread on demand options can make traders feel more adrenalin rush when they decide to shorten the expiry times.
One of the benefits of working with regulated brokers is that they have secure first class data streams which cannot be easily manipulated. The other interesting feature is the Trader’s choice of the indicator at HighLow used for assessing the market sentiments. We were able to find out how the indicator works during our HighLow review. The feature is located on the left side of the trading window and it continually avails updates on the market sentiments.
After four trade actions, Trader’s Choice will appear and it will be updated every one minute for 15-minute options, five minutes for the hourly options and every 15 minutes for the daily options. A trader may decide to hide or show the feature and in this manner, they will be sure it is coming from the choices being made by their colleagues.
HighLow broker also has a Smartphone app on the go, making trading success to be just a few touches away. The HighLow mobile app is available for both android and iOS devices.
HighLow Support Information
Our HighLow broker review confirmed to us that the customer care service is indeed available. This is not just because it is a regulated broker, hence, must have a clear channel of communication in case of complaints. But it is because the process is unnecessary since HighLow has a rich FAQ section which goes into great details to give explanations for most of the potential concerns any customer may need the support staff for.
Should there be the need for a customer to contact the support, they can do so via email, which has been given priority over the other channels. There is also a phone contact for traders who are in a hurry or need to contact support urgently. It is, however, disappointing to note that there is no live chat for support with HighLow.
The broker supports Japanese and English and accepts traders from all over the globe, with the United States being one of the exemption.
Tip: Trade with reputable and regulated brokers on FX-Advisor.
Best Binary Options Brokers 2020: