Do you want to earn decent money? Our ranking of the best binary options brokers of 2022 will help you make all your dreams come true!
| Broker rating | Deposit | Bid | Income | Platform | Reviews |
| from 7$ | from 1$ | up to 85% | Go to website | Review | |
| from 10$ | from 1$ | up to 95% | Go to website | Review | |
| from 300₽ | from 60₽ | up to 90% | Go to website | Review | |
| All brokers |
The best binary options of 2022 from the editors
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In recent years, earning money (especially additional income) on the global network has become increasingly popular among our citizens, and this is not surprising. Firstly, the availability of the Internet is growing every year; it has already penetrated into the most remote corners of the country. Secondly, you can work at a time convenient for you, right from home. And finally, the choice of offers is so wide that everyone can find something to suit their taste and abilities.
Among the jobs that can bring more or less decent income, there are several main areas. This is freelancing, or remote work for hire, copyright (rewriting) - writing custom articles and advertising texts, your own business selling certain goods and trading, that is, trading various assets on virtual exchanges.
The last type of activity, trading, attracts the public for two reasons - you can earn money quickly and you can earn a lot. There are many ways to make such money, but today we will focus on only one of them, namely, trading binary options.
When is it more profitable to trade?
Transactions within binary options are concluded based on the movement of the price of exchange assets. Naturally, trading is focused on the opening hours of the world's largest exchanges. If desired, a trader can trade around the clock for 5 working days. At the same time, there are certain time intervals in which you can achieve better results.
The most successful periods of time are:
- from 11.00 to 12.00;
- from 16.00 to 19.00;
- from 3.00 to 9.00.
All intervals are given in Moscow time. If you live in a different time zone, you must take this point into account. There is no secret in these segments. They represent the time of intersection in the work of different major exchanges: European, American and Asian.
In addition, you need to understand that the specific day of the week also affects the success of binary options trading. Professional investors consider Tuesday and Wednesday to be the best days for trading.
Binary option - what is it?
Before we talk about making money on binary options, you need to understand what they are. And they are a type of financial contract (derivative) with a fixed income, which allows you to make a profit on the movement of the value of underlying assets (stocks, currency pairs, indices, etc.). Sometimes they are also called “all or nothing” options, which has some truth to it.
The fact is that when trading BO, the trader is not at all obliged to buy the said asset. When you buy a binary option, you are making a bet that after a certain time (it is specified in advance in the contract), a certain event, also specified in advance in the terms of the option, will have the outcome you predicted. If the forecast turns out to be correct, then your insight will be rewarded with a bonus, which consists of the contract value plus another 50-90% of this amount (in each individual case, the amount of payments is indicated in the terms of the contract). Well, if you didn’t guess right, you’ll say goodbye to the money spent on buying the option. That is, you know in advance how much you will receive in the event of a successful transaction, and how much you risk losing.
Another feature of such contracts is their time limit for execution (expiration). In each case, this can be a different period of time, from seconds to a year (most often it is 10-20 minutes). But the profit does not depend on the duration of the expiration period, because, as already noted, it is fixed.
Sometimes this type of earnings is compared to roulette. A certain analogy, of course, can be drawn, but still in the case of binary contracts it is possible to make at least approximate forecasts based on market analysis. True, as for the foreign exchange market, it is not particularly stable, and predicting its behavior is a thankless task, which even professionals do not always undertake.
And yet, you must agree, knowing what factors and how they can influence the behavior of the price of an asset, one can assume with a fairly high degree of probability whether it will rise or fall. And that's all you need. Everything is quite simple and transparent, there is no need to fear fraud on the part of the broker, because all the conditions are clearly defined in advance, and the contract will automatically close immediately after the expiration of the agreed period.
The best indicators for a novice trader
Forecasting price changes is based on careful study and analysis of several market indicators. Especially often, five main indicators are used for this purpose, common to both binary options and regular stock trading. Among them:
- Moving Average or moving averages . Different algorithms are used to calculate the average indicator. Allows you to determine trends that have developed at a certain point in time.
- Bollinger Bands. In the Russian version, the indicator is called “Bollinger Bands” after its developer. It represents the range of probable price deviation with the established upper and lower boundaries of the corridor.
- RSI or relative strength index. Sets the strength of the impulse that influences the amount of change in the asset price.
- CCI . Estimates the increase or decrease in price over a given time period. Used to predict the level of market overheating and determine the likelihood of a trend change.
- Determines the likely point of change in the price trend . Any such reversal signal means clarification of the forecast and an increase in its realism.
The trader does not need to independently calculate the listed and many other indicators. All of them are calculated automatically and made available to market participants by the functionality of online platforms. All that is required from an investor is the ability to use the information received, analyze and draw the right conclusions.
If you are familiar with Forex, you can handle BO
And indeed it is. If you have ever traded on the foreign exchange market, then you can consider that you are well prepared to work with binary options. Basically, the same strategies, trading tools and analysis methods are used here.
The developers even almost abandoned the creation of purely option indicators, since the already existing Forex indicators are quite applicable in this type of trading and there is no need to add anything else. Even trading terminals, many traders prefer to use those that are already familiar and proven in currency speculation, such as, for example, MetaTrader4. Moreover, specialized terminals for working with BO do not have wide functionality. But still, indicators for binary options also have a place and may soon become more popular in this niche.
How realistic is it to make money on binary options?
In search of an answer to this burning question, you will encounter diametrically opposed opinions. Some will argue that this is the best of all possible ways to replenish your own wallet, others, on the contrary, will try to convince you that there is no money to be made here.
Most of these statements are based on the writer's own experience. If a person manages to hit the jackpot, he will give a positive review; if it doesn’t work out, he will scold and accuse him of fraud. The truth, as most often happens, lies somewhere in the middle. And this applies to any financial market, and any type of trading operations.
Firstly, you should not enter the financial market completely unprepared. You need at least a minimum amount of knowledge about this area and the rules of trading. Secondly, personal discipline and determination are important here. If you believe the statistics, it is the absence of these qualities that leads to the defeat of up to 90% of novice traders. But if you are ready to constantly learn, analyze and correct your own mistakes, and also keep your emotions and feelings in check, then sooner or later luck will turn your way. Including binary options trading.
Although, we must admit that trading as a way to make money is not suitable for everyone. And not because someone is smart and someone is stupid. It’s just that every person has a propensity for certain types of activities and is completely absent for others. So not everyone will be able to earn money for a villa on the coast and a cool car, and the reason for this will not be the BO or any other assets. Here the point is different - either you didn’t do enough, or it’s not your thing.
How to choose the right broker
In order to start trading binary options, you need to register on the platform, open an account and make a deposit. There is no single exchange for this; all trading is conducted within the boundaries of one platform. The choice of such a platform should be approached with great responsibility, since the trader trusts it with his money. How not to make a mistake when choosing a broker?
It is necessary to pay attention to the following points:
- License.
- Reviews and reputation.
- Duration of work.
- Conditions for trading.
- Technical conditions.
- Staff and support.
Having a license ensures that the broker's activities are supervised. In case of dishonest activity, large fines are imposed on the company. Honest platforms value their reputation, act within the law and prefer to work with a license.
When studying a broker's reputation, you should take into account negative reviews and comments. They may also be unreliable. Therefore, you need to pay attention only to those reviews that are supported by evidence.
If a broker has been operating for a long time, the number of traders registered on the platform is growing, then there is reason to trust such a company. In this case, no fraudulent actions were observed in the work of this broker, which would cause the site to be closed.
If a novice trader is thinking about getting into binary options seriously and for a long time, he needs to pay attention to the trading conditions. These indicators include:
- Number of underlying assets.
- Quantity and quality of contracts.
- Analysis tools.
- The minimum investment required to conclude a contract.
A very important indicator when choosing a particular broker is the technical side of the work. If the platform operates with constant glitches and technical problems, then it will be impossible to work on it under such conditions. If trading on such a platform has already begun, then it would be right to change it.
It will also be useful for traders in Russia to know whether the broker’s activities are controlled by the Center for Regulation of Relations in Financial Markets (CROFR). This is the main organization that controls brokers in Russia.
And now about BO with details
So, you made up your mind and signed a contract with a broker. As a rule, the meaning of this contract comes down to the fact that the exchange value of a certain asset by a certain date will be higher (or lower) than the specified level. Moreover, how much it exceeds this level or how much it falls below it does not matter. That is, you will receive your fixed amount (option value + interest) if the option wins, no matter how much the price changes. What's attractive here is that the size of the profit and the size of possible losses are known even before you enter into the contract.
The terms of the contract may be different, so you should carefully read them before purchasing the option. For example, some platforms do not return anything to traders if they lose, while on others you can get up to 15% of your investment back. Another case is the execution of a contract at a reference value while it was concluded for an increase or decrease. Depending on the specified conditions, the trader can receive back the entire amount, or maybe only part of it. The purchase/sale price of BO, of course, is not a constant value; the range of its changes is quite wide and depends on the current market situation.
Traders, instead of trading the assets themselves, resort to binary options as a means of making money by determining the direction of the price movement of this asset. There are only 2 options here - either the price will fall or rise, and it is enough to correctly predict its movement in order to receive your fixed income.
This financial instrument began to be systematically traded in 2008 on AMEX (American Stock Exchange) and CBOE (Chicago Board Options Exchange). In the same year they were standardized and received continuous quotation on the stock exchanges.
Over time, binary options brokers appeared and now there are quite a lot of them, which have developed their own trading schemes for these contracts, different from exchange ones, which is why it became necessary to carefully read their terms and conditions in each individual case.
Don't believe in freebies
All binary options brokers attract new clients with incredibly easy earnings. However, the reality is much less optimistic. The number of unsuccessful traders will always significantly exceed people who have achieved success in this field. Otherwise, such financial activities will cease to bring profit to their creators.
To obtain a stable profit, the trading system used by a trader must have an efficiency of at least 60–65%. Otherwise, you simply will not be able to cover the loss from unsuccessful trades.
In addition, you should understand that most trading indicators and strategies that are freely available will not be able to provide the trader with a stable income without your individual modification and tweaking.
If you want to get guaranteed high results, you will have to understand:
- with the reasons and directions in the movement of financial markets;
- the impact of news on stock trading;
- fundamentals and methods of technical analysis;
- selection and individual configuration of trading indicators.
Only by independently going through the described path from beginning to end can an investor achieve success.
What are binary options?
There are several main types:
- The first includes contracts, the condition of which is to correctly predict the direction of movement of the value of an asset relative to its price at the time of the transaction. If we are talking about an increase in price, then these are Call contracts, if we are talking about a decrease, then these are Put contracts.
- The second type is a bet that the price will reach (One Touch) or not reach (No Touch) a specified level before the contract expires. If the level has been reached, then where the price will move next is no longer important.
- And the third type is a forecast of the corridor within which the price will be (In) or its exit from this corridor (Out) before the expiration time.
How to start trading options
There are many different brokers that provide options trading. But don’t rush to replenish your balance and open transactions. You need to try trading and develop a strategy on a demo account and only then move on to real trading.
The registration process on brokerage platforms is identical: you will need to provide an email and password. You can also log into your account through social networks.
How to trade binary options? You need to select a trading instrument, set the amount and type of option, and select the direction of the transaction.
To start trading and the percentage of profitable options to be more than 50%, you need to delve a little into the topic, read forums, search for information on the Internet, and trade on a demo. Please note that you should not buy paid signals and strategies. If they brought real income, they would not need to be sold. It is necessary to analyze the market, creating your own profitable strategy.
Continuing article: “How to make money on binary options for beginners.”
Advantages of this type of trading
Binary options are quite competitive as a tool for making money, since they have quite serious advantages:
- The first thing I would like to note in this sense is the ability to calculate in advance your income in case of a positive outcome of the transaction for you and losses in case of failure, that is, a person knows in advance what he is risking. In addition, this instrument surpasses many others in terms of profitability.
- The second thing that attracts is the accessibility of BO for most traders, which cannot be said about the assets themselves, where not everyone can overcome the price threshold. And even if they can, then investing the same amounts directly into an asset will not have such high efficiency.
- One cannot help but recall the comparative simplicity of the process itself, which is attractive, first of all, for beginners who have no experience. Agree, in order to determine only the direction of movement of the value of an asset, an overly complex and in-depth analysis is not so necessary; you can get by with a reasonable minimum of information about this asset.
FAQ
What options are called binary options?
A binary option is a transaction where a trader needs to predict the dynamics of changes in the price of an asset over a certain time. If he manages to do this, he receives a fixed profit; if not, he loses the invested funds.
What types of binary options are used today?
Currently, about one and a half dozen varieties of trading instruments are used. The basic one is “Up-Down” and several of its complements, most of which are characterized by higher risks and returns.
What are the advantages of binary options?
The main ones are three: simplicity, accessibility, diversity.
What are the prospects for the binary options market?
It is quite difficult to predict the further development or decline of the market. To a large extent, this depends on how much regulators from around the world manage to control the participants in transactions and the online platforms that conduct them.
And yet, let's talk about types of analysis
Since you and I have come to the conclusion that trading binary options is not the same as playing roulette, since it is based on analysis, then let’s continue this topic and consider what types of analysis can and should be used here. If a person comes to the BO market with serious intentions, then at a minimum, he must be able to use technical analysis, in other words, he must be able to understand and use signals and evaluate the behavior of the chart.
The advantage is that in this case you don’t need to come up with anything yourself, you just need to look at and correctly interpret a ready-made solution. To interpret correctly means to determine what trend (upward or downward) a particular signal indicates. True, the signals also have many disadvantages - they are not particularly accurate, and are often not correct at all.
The second type of analysis, fundamental, is used by more experienced market players to develop a strategy for binary options. Here you cannot do without deep knowledge of the laws of market behavior. Technical analysis is an integral part of fundamental analysis, but it is more superficial and does not bring such high results as fundamental analysis.
Bulls and bears as trend direction
On the stock exchange, a trend is usually called the direction in which the price of an asset moves over a certain time interval. It’s easy to guess that quotes can go down, up, or stay the same. The latter scenario is extremely rare and can occur only in the shortest periods.
When the price of an asset rises, such a trend is usually called upward or bullish. The bulls, with their horns, seem to push its value up.
When the price of an asset decreases, the trend is called downward or bearish. The bears with their paws are pushing its value down.
It is incredibly important for any binary trader to be able to determine what the next trend will be. After all, in this case he is guaranteed to make a profit. True, for a beginner this task will be extremely difficult for some time.
Profitability of binary options
In the field of online trading, this is perhaps one of the most profitable tools. In a few minutes, a person here can earn a month’s salary, because the yield is 50% and higher. Many contracts offer even 90% of the income.
Such a big difference is due to the different popularity of currency pairs and the market situation. If there is a pronounced trend, of course, no one will offer you a high percentage, because not a single broker is interested in working at a loss. The profitability of such contracts is one of the reasons for fierce competition between trading platforms, each of which wants to attract customers with more favorable conditions. Well, the broker’s reputation, of course, also plays a role.
24 Option
The office is registered in Cyprus and is regulated by CySEC. In addition, the company that created 24 Option is registered in all EU countries except Belgium and France and is authorized to provide its services.
Yes, the CySEC license only applies to EU countries. However, this does not mean that in the West the broker provides reliable trading, but in our country it scams everyone. Bookmakers that are regulated by reliable organizations usually provide each of their clients with a guarantee of the safety of funds.
So is it worth getting involved in the BO trade or is it, after all, a “scam”?
Regarding the “scam”, let’s say right away – no, it is not a scam, despite the fact that traders who have failed in this market never tire of writing about it. But if you chose a dishonest broker who disappeared with your money, this does not mean that the entire market is a complete deception and fraud. Or, if someone lost their invested funds due to their frivolity and unwillingness to conduct at least a superficial analysis of the asset, this also does not mean that the entire system is flawed. Therefore, do not believe the sweeping accusations.
If you feel that working on the financial “front” is exactly what you need, then you should definitely try BO trading. At least because of the advantages of this business that were mentioned above.
But you need to do this wisely, understanding that it takes time to understand the essence of the financial instrument itself and the benefits that it promises to a skilled trader. So determine for yourself a period of development of this market, for example, a year. And when this period has passed, compare your initial results with those you have after a year. If you see clear progress, then you need to continue. If your achievements don’t look impressive, do some “work on your mistakes” and either change your approach or simply leave this area and don’t waste your time. Perhaps in some other matter you will be able to achieve much more. We advise you to thoroughly study the binary options rating, which will help you avoid fraud and scams from brokers as much as possible.
But you definitely need to try. After all, this is the only way to find out the essence of this type of trading, which, we repeat once again, is very promising and profitable.
Comparison of stock and bookmaker options
Let's briefly compare their features.
Exchange binary options using the example of CBOE (Chicago Board Options Exchange):
- work only with official brokers that are listed strictly on their website at https://cfe.cboe.com/tradecfe/brokers.aspx;
- English only;
- large dollar deposits;
- there are no options for “anything”, only 2 types;
- there are no fixed interest payments;
- CBOE is officially regulated by the government;
- account replenishment only by transfer to a bank account in the USA;
- official trading between real counterparties.
Bookmaker binary options:
- hundreds of companies;
- replenish your account in dozens of ways;
- Russian language everywhere;
- a huge number of always available assets (of course);
- no sellers/buyers;
- The only document you need is a scan of your passport;
- the percentage of income on a transaction is always known in advance.
Several years have passed since this screenshot and all these sharagas have disappeared or been repurposed.
Gray bookmakers disappear as quickly as they appear. With bookmakers, you always work only against the binary office itself. This, of course, immediately leads to a fatal conflict of interest between you, because the binary company makes money only and exclusively from your losses. However, in 2022, some trading firms finally learned to hedge (insure) their trading risks, which significantly reduced the conflict of interest. But it still exists, because that is the BO market.
If you're afraid of wolves, don't go into the forest. There are several simple techniques that I will discuss in the following lessons that will minimize the side effects of this business.
In fact, the task of an experienced BO trader is to find a sane binary bookmaker (fortunately there are more and more of them) and skillfully work with him so as not to get into a conflict of interest with both feet. This is when you take more money from the bookmaker than he would like to give you. You and I will learn to work with them so that everyone has a good time - both these guys and us.
Let's summarize
Well, now you have become acquainted with binary options, their characteristics and the opportunities that they open up. They can truly make you rich in a very short period of time. Or they may not do it, it will depend on your mood, knowledge and a little bit of luck.
But even if you earn a little money, you don’t have to spend any incredible efforts for this. You can work from home, from a cafe, while traveling or sunbathing on the beach, the main thing is to have a computer or some kind of mobile device and access to the network. Plus, you don’t need a lot of capital to get started. Convenient, profitable, affordable! So why not try it?
