A binary options broker is a firm that provides traders with access to a binary options trading platform to buy and sell asset through a binary broker account (Commodities, Stocks, Indices and Currency pairs). They handle a very little portion of the volume of the overall market.
Best Binary Options Trading Brokers.
There are over 500+ brokers in the binary options industry. They are so much that traders don’t know the right broker to trade with. We have reviewed a lot of brokers and here are the best binary options brokers in the industry.
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Comparing Binary Options Brokers
Before choosing or comparing a binary options broker, there are several factors you have to consider which would help you determine the best broker for yourself. This factor includes;
- Demo Accounts
- Low Minimum Deposits
- Payment Methods
Binary Options Broker Regulation
When looking for a good and trustworthy binary options broker, one of the first things to consider is if the broker is regulated. It doesn’t necessarily mean that non-regulated brokers are scams but to be on the safe side, it is best to use a regulated broker.
Binary Options Broker Bonuses
Yes, bonuses are good and some brokers use bonuses to entice customer, but it is best to read the terms and conditions attached to the bonus before accepting bonuses from a broker.
Binary Options Broker Demo Accounts
This is an essential feature which you should consider while choosing a broker. Every trader needs a demo account, be it an expert or an amateur. There are times when you don’t want to risk real money on a trades or when you just want to test a new strategy and the demo account comes in handy at such times.
Therefore, whenever you’re choosing a binary options broker to trade with, you should make sure the broker has a demo account.
Binary Options Broker Low Minimum Deposits
This is mostly for traders on a low budget or trader who just want to gain experience with a new or different broker. If you fall into those categories, then you should be searching for a broker with a low minimum deposit.
Binary Options Broker Payouts
When choosing a broker, the payout is one factor that you really need to consider. Some brokers offer really high payout than others, sometimes even up to 91%. The higher the payout a broker offers, the higher the profits made per trade.
Binary Options Broker Payment Methods
Who Regulates Binary Options Brokers
There are regulatory authorities in charge of monitoring the activities of binary broker and ensuring financial rules are not broken. There are different authorities present in different countries. These regulatory authorities include;
- Cyprus Securities and Exchange Commission (CySEC)
- Federal Financial Markets Service (FFMS)
- Dubai International Financial Center (DIFC)
- Australian Securities and Investments Commission (ASIC)
- Financial Service Authority (FSA)
- Commodity Futures Trading Commission (CFTC)