11 Best Binary Options Platforms Today 2022

Published: April 12, 2020 Category: Project Reviews Author: Pavel Butor

Hello everyone, dear readers! Pavel is with you and we will look at the best binary options platforms today. I studied popular brokers in detail and selected 11 of the most reliable companies. I made a detailed review of each of them.

The selection criteria were as follows:

1. How many years has the broker been in the financial market?
2. The number of positive and negative reviews about the site on independent web resources.
3. Popularity of the platform.
4. Number of awards.
5. Minimum deposit.
6. Convenient for a beginner.
7. Number of instruments for trading binary options.
8. Functional.
9. Trade training.
10. Quality of technical support.
11. Suitable or not for Russia.

Carefully study each broker in this selection and you can choose the best trading platform for yourself.

• Binarium
• Intrade Bar
• Pocket Option
• Alpari
• FiNMAX
• Olymp Trade
• Binomo
• ExpertOption
• IQ Option
• Grand Capital
• InstaForex
• 5 tips when choosing a binary options broker
• Conclusion

Binarium

Binarium – the broker has been operating in the financial market since 2012 and, judging by the reviews of traders, today it is one of the best for trading in Russia.

You can trade directly from the website, or you can download the Binarium application on Android.

Advantages:

1. Free training account - upon registration you receive 60,000 bonus rubles.
2. 4 account currencies: ₽, ₴, $, €.
3. Minimum replenishment – ​​300 ₽ / 5 $ / 5 € / 150 ₴.
4. 12 trading indicators.
5. Depositing and withdrawing money through a bank card, Yandex.Money, Neteller, WebMoney, Qiwi.
6. Instant payments.
7. 100% bonus on the first deposit when replenishing from 3,000 ₽.

Minuses:

1. Clients from Israel and the USA cannot register and trade.
2. No iOS app.

Our blog has a detailed review of the Binarium broker. It contains promotional codes for receiving bonuses on first and repeat deposits.

Tradesmarter

This terminal ranks 3rd in popularity among all trading platforms for BO trading. The demand among brokerage companies for this software is determined by the speed of operation and the presence of unique capabilities. The developer began introducing the software into the binary trading market in 2008, but at that time the terminal was not particularly popular.

In 2015, an update was released that could take the terminal to a new level, the platform could be called “one of the best platforms for trading binary options.” After that, they provided good competition to the top two: Spot Option and Tradologic.

Among the popular BO brokers that use this software is Finmax.

The number of fans of the platform is constantly increasing. Thanks to the convenient option buying panel, it is very easy to find the asset you are interested in. There is also social. part of the platform where all information about concluded contracts around the globe is displayed.

Social Radar allows you to track contracts of up to 4 traders, as well as copy them automatically. You can study the history of quotes and install technical analysis indicators (SMA, RSI, MACD and Bollindger Bands).

The Tradesmarter terminal is pleasantly surprised by the large selection of tools available for trading and analytics:

• market news;
• calendar of economic events;
• social service trade;
• analytics;
• advanced graphics;
• signals.

In addition to ready-made trading platforms, some brokerage companies create their own developments that have no analogues - this is unique software with its own advantages. Brokerage companies have such terminals: Binomo, Olymp Trade and IQ Option.

Intrade Bar

Intrade Bar has been a broker in the financial market for more than 3 years.

The face of the company is Alexey Kosterin, two-time world champion in crosslifting.

You can open a demo account with $10,000.

The minimum deposit is $10 or 500 rubles.

Pros:

1. Withdrawal of funds within 5–15 minutes.
2. Doesn't block accounts. According to the broker, they have not blocked anyone in 3 years.
3. There is a robot that controls risk management.
4. Technical support. The company deducts $5 from managers' salaries for each unanswered or incorrectly answered question.
5. You can top up your account using a bank card, through Yandex.Money, Qiwi, WebMoney, Payeer, etc.

Minuses:

1. Not a very user-friendly interface (purely my opinion).
2. No bonuses.
3. It’s not always possible to contact the company: there are no managers, and technical support, although it works well, is only from 9 a.m. to 5 p.m. Moscow time.
4. No mobile app.
5. There may be delays when opening a transaction.

I studied reviews about Intrade Bar on the Internet. Mostly positive. People praise the broker for his honesty and openness, for calling a spade a spade.

But there are also negative responses, mainly regarding technical issues.

Also see the full review of the Intrade Bar broker.

Education

Almost all binary and forex companies offer webinars, trading schools, etc.

• Question : Since companies only make money from the money we lose, why should they train us?
• Answer : so that you can be drained smoothly and for a larger amount.

It works as follows. Newbie Vasya came, lost 300 rubles, thought “damn, what a scam” and left. The company's income from Vasya amounted to... 300 rubles. Very, very little.

Therefore, Vasya is given “training” to give him the illusion of understanding the market. He doesn’t know that people spend years forecasting the stock market and interbank quotes. In the training provided by binary firms, it will be said that everything is much simpler.

Inspired, Vasya will merge, but later, having invested many times more money into the platform. The broker is happy. This is the essence of the training that binary and many forex firms offer you.

Hence the simplest conclusion - training from companies that live off your money should not interest you at all.

Buy a good book on technical analysis, read books by old and young traders on Wall Street, study the works of market professionals, but you don’t need this brokerage rubbish.

Regulation

It used to be important who the company was regulated by. But now they have been further regulated and BW is generally prohibited in the EU, somewhere it is in the gray zone (as in the Russian Federation), somewhere it is completely approved by the state (USA/Japan), but is not available to non-citizens.

Previously, many BO brokers were regulated by the Cyprus CySEC, but after the ban on BOs, there is no longer any point in this regulation. Some have managed to get around this by banning BOs, but introducing special “fixed and digital contracts”. Hello, old friend in a new guise.

In other states, pandemonium has also begun, and the requirements are constantly changing. Every month I receive new letters stating that in such and such a country this or that is now prohibited. Alas, the world is changing not for the better, you yourself can see it very well.

But don’t be sad, it’s an everyday matter. It’s just that if “regulator” used to mean something, now it doesn’t. Now it is easier to complain to a bank or an international mediator such as FC than to complain to the same British Ombudsman at the FCA and wait for his decision.

It’s good that CySEC has a compensation fund of 20 thousand euros per person for the bankruptcy of brokers, but they can pay it for 5 or more years. FCA also often takes 2-3 years for this procedure. Therefore, it is now vitally important for traders to choose a good company from the start - otherwise, relying on your uncle will be useless.

Binguru took on part of this task, but not all of it. I have always been a supporter of whitelists, i.e. 5-6 good companies are recommended (with whom you work yourself) and all the rest are ignored. But there are hundreds of brokers and people still go where the advertising takes them, so carefully use the recommendations for their selection.

Verification

Verification with a broker is described in detail at the link, we will not repeat it here.

There is nothing terrible about it, it will take several scans and a little patience.

Pocket Option

Pocket Option – upon registration, you are given 10,000 virtual $ for training.

You can trade online through a web application, or download the program.

The minimum deposit for the CIS and Asian countries is $10, for other countries – $50.

The minimum order is $1.

There are no commissions for deposits and withdrawals.

Advantages:

1. 50+ payment methods.
2. Lots of assets to trade: currency, commodities, 100+ stocks, crypto.
3. Social trading – you can copy trading orders of successful traders in 1 click.
4. Holding tournaments with prizes up to $50,000.
5. There are applications for Windows, Android, iOS.

Minuses:

1. Long response from technical support. I encountered this myself.

Check out our detailed Pocket Option review on our blog.

Alpari

Alpari has been a company on the financial market since 1998.

Alpari provides more than 50 free courses and seminars for beginning traders.

You can deposit and withdraw money through Visa, MasterCard, Neteller, WebMoney, Skrill and 31 other instruments.

Withdrawal of money – 2-3 business days from the moment the money is sent.

Profitability – up to 80%.

Trading terminals – Fix-ContractsTrader (for binary options), MetaTrader 4, MetaTrader 5. There are also 3 mobile applications:

1. ALPARI MOBILE. Contains tools for market analysis.
2. ALPARI INVEST. For investment. You can invest in transactions of traders you trust.
3. Alpari Contracts. For trading Forex contracts including binary options.

The transaction is completed in 30 seconds.

Read the full Alpari review on our blog.

Advantages of this type of trading

Binary options are quite competitive as a tool for making money, since they have quite serious advantages:

1. 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.
2. 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.
3. 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.

FiNMAX

FiNMAX is a company founded in 2015.

Profitability – up to 90%.

The minimum investment is $5, the maximum is $5,000.

75 assets for trading.

5 types of accounts:

1. Bronze.
2. Silver.
3. Gold.
4. Platinum.
5. VIP.

2 types of options: High/Low and Above/Below.

You can trade online from both your computer and your phone.

Technical support is available from 8:00 to 20:00.

Advantages:

1. Purchase of contracts – from 30 seconds to 6 months.
2. Withdrawal of money – within 48 hours.
3. Trading on a demo account – without restrictions.
4. No spread.
5. Instant order execution.
6. The company has a license from TsROFR.
7. According to user reviews, it is a good training system.

Minuses:

1. Technical support does not work 24 hours a day.

Almost all the reviews that I found on independent sites on the Internet are positive.

Our blog has a detailed review of FiNMAX.

How to start trading options today

So now that you know how options trading works, we're going to show you how you can start investing today. By following the steps below, you can enter the market with a put or call option in less than 10-15 minutes!

Step 1: Select an Options Trading Site

The first step you need to take is to choose an options trading site that suits your needs. You will need to undertake a lengthy research process as no two brokers are alike.

This should include key indicators such as:

Regulation: Make sure the options trading site is regulated by a first-tier licensing authority. Examples include FCA (UK), CySEC (Cyprus) and ASIC/ASIC (Australia).

Trading Assets: Find out what asset classes options trading sites offer. The best platforms will give you access to thousands of markets.

Payment Methods: Select an options trading site that allows you to deposit and withdraw funds using your preferred payment method.

American or European: Make sure you understand the options. Specifically, does the broker place American options, European options, or a combination of both?

Premium vs. Strike Price: You need to evaluate how competitive an options trading site is when it comes to premium. In other words, how high is the premium relative to the strike price?

Customer Support: Find out what customer support channels the options trading site offers. This comes in handy if you need your broker to explain how your chosen market works.

If you don't have time to study the indicators listed above, we recommend using one of the three brokers recommended on this page. All of our top-rated platforms are highly regulated, offer multiple options markets and allow you to deposit funds instantly via debit/credit.

Step 2: Open Account and Download ID

Once you have found the right options trading site, you will need to open an account. The broker will ask you to provide some personal information, such as:

• Full name
• Date of Birth
• Home address
• National tax number
• Residence status
• Cell phone number
• Your email

The broker will also need a copy of your government-issued identification. This is necessary to ensure that the platform complies with anti-money laundering laws. Therefore, upload a copy of your passport or driving license.

Step 3: Fund your trading account with options

To access the options trading markets, you will need to pay a premium to your broker. So now you need to fund your trading account. Most, but not all brokers will have a minimum deposit threshold that you will need to meet.

In terms of payment methods, this often includes:

• Debit card
• Credit card
• Paypal
• Skrill
• Neteller
• Bank transfer

Except for the bank account option, all other deposit options are instant.

Step 4: Find an options market to trade

Now that you have funded your trading account with options, you will need to find a market to trade. Brokers typically offer thousands of markets, so search for an asset that interests you.

Once you do this, you will need to evaluate the following metrics:

• Current market price of the asset
• Asset strike price
• Premium required by broker
• When does an option contract expire?
• Minimum lot size
• Whether European or American options

You often have to choose from several markets for one financial instrument. For example, if you want to trade Nike stock, your broker may offer different strike prices, each requiring a different premium.

Step 5: Buy a Call or Put Option

Once you have assessed the options market offered by the broker, you will need to place a trade. So, decide whether you think the asset will increase (call option) or decrease (put option) relative to the strike price.

You will then need to enter the number of contracts you want to buy, making sure you meet the minimum lot size. The bid total will update when you enter the number of contracts in the order field.

For example, let's say you want to buy call options on Nike stock at a premium of $4 per share. When you enter "200" in the amount field, the bet will change to $800 ($4 premium x 200 contracts).

Finally, complete your order. Once you do this, your options trading will be active!

Olymp Trade

Olymp Trade – the company has been operating since 2014. The platform is adapted for any device. There is an application for Android and iOS. You don’t need to download anything to your computer – you can trade online on the website.

Attention! The broker does not cooperate with Russians.

The broker has 11 awards. Here are 3 of them:

• “Best Financial Broker” – CPA Life Awards 2017;
• “Best User Support” – Forex Brokers Award 2019;
• “Best Platform for Mobile Trading” – Global Brand Awards 2022.

Olymp Trade regularly conducts webinars so that anyone can learn to trade on this platform.

Upon registration, each trader is given a demo account with 10,000 coins for training.

There are 3 statuses:

1. Starter. For beginners, assigned immediately, profitability – up to 82%, maximum transaction amount – $2,000.
2. Advanced. Profitability is up to 84%, maximum transaction amount is $3,000, accelerated withdrawal of funds, there is a personal analyst. To activate, you need to top up your account with $500.
3. Expert. Profitability – up to 92%, maximum transaction amount – $3,000, 15 unique strategies, 3 closed webinars per week. To activate, you need to top up your account with $2,000.

Verification is carried out upon request within 5 days.

You can top up your account with a bank card, bitcoins or through payment systems: Neteller, Skrill, WebMoney.

There are 80 assets for trading on the platform. Nice home screen in light or dark theme. 10 trend indicators, 15 oscillators, 6 chart drawing tools.

You can trade on 4 charts:

1. Zone chart.
2. Japanese candles.
3. Heiken Ashi.
4. Bars.

24/7 technical support. There are 3 hotline numbers.

There is huge competition between binaries, and, in my opinion, Olymp Trade is a worthy broker for trading on Fixed Time Trades.

In 2 months of trading I had no problems with it.

When you click on the link above, enter your email and create a password, a free demo account for 10,000 coins will immediately open for you. And then, when you want (or right away), you can start trading with real money.

Our blog has a detailed review of the Olymp Trade broker.

What to prefer: Forex or binary options?

In order to answer this question, it is important to understand the fundamental difference between them. Forex traders make money from changes in exchange rates. Each transaction is concluded with a forecast of the expected price level, which may never be achieved. At the same time, brokers always receive commissions for each transaction. But at the same time, it is possible to close a deal at any time when the trader realizes that losses are inevitable. In this case, small losses are recorded.

In the case of options trading, a different principle applies. The trader enters into a contract, and a forecast is given about the behavior of the price of any asset (currency pair, bitcoin, raw materials, stocks and stock indices) over a given period of time. If the assumption comes true, then the profit from such a transaction will be 70-90% of the contract value. If the forecast does not come true, then the trader loses his money invested in this option. However, it all depends on the broker; there are sites where up to 15% of the bet is returned.

Binomo

Binomo has been on the market since 2014, a member of category “A” of the International Financial Commission.

Awards:

1. 2015 – FE Awards.
2. 2016 – IAIR Awards.

Upon registration, 50,000 rubles are given. to a demo account.

There are applications for Android and iOS.

Platform advantages:

1. The minimum account is 10 EUR/USD/GBP or 500 RUB.
2. The minimum transaction value is 1 EUR/USD/GBP or 100 RUB.
3. Non-stop trading mode – even with an open transaction, you can open others.
4. Technical support 24/7.
5. Free trading training.
6. Daily tournaments where the best traders can win big prizes.
7. A bonus is given when you top up your account.
8. Fast payments - up to 24 hours, but judging by the reviews, usually within 10 minutes.

Disadvantages of the broker, judging by independent reviews on ratingfx.ru:

1. Problems with withdrawal of funds.
2. Accounts are blocked without explanation (read the platform rules carefully!).

Attention! The broker stopped cooperating with Russian citizens.

I read several reviews on the Internet. Basically, all the negativity directed towards Binomo is statements not supported by facts like “scammers”, “total scam”, etc.

Meta Trader

Software developer Meta Quotes has been creating software for trading in financial markets for a long time. markets. The company's famous software product, MT4, has gained immense popularity among Forex traders. The main trading on Forex is carried out on this terminal to this day.

This trading platform has all the necessary indicators that are needed for technical analysis. There are a huge number of robots, advisors, strategies developed for MT5 and MT4. All of them are freely available, easy to download and install.

The biggest drawback of the trading platform is that it cannot be used to make transactions on the BO market. But professional traders often use the terminal specifically for technical analysis, simultaneously opening a window with MT4 and a second window with any other terminal.

The platform can be downloaded completely free of charge from Alpari; there are versions for various OSes. Meta Trader is an excellent platform for market analytics, which is a must-have for traders serious about professional development.

ExpertOption

ExpertOption is a broker on the market since 2014. Today, 36.5 million people already trade using it.

The platform is not suitable for citizens of the USA, Canada, European Economic Area, Switzerland, Israel, New Zealand, Australia, North Korea, Puerto Rico, Bangladesh, Yemen, Vanuatu, Singapore, Sudan.

Attention! Since May 11, 2022, the platform has ceased to cooperate with Russian citizens.

Awards: winner at China Trading Expo Shenzhen, May 6-7, 2017.

The minimum deposit is $10.

The minimum size of one transaction is $1.

The minimum withdrawal amount is $10.

Withdrawals take up to 2 days and to do this you need to send copies of your documents.

Advantages:

1. 100 assets and stocks to trade.
2. Withdrawal to 20 payment systems without commission. Among them are Visa, MasterCard, Neteller, Skrill, JCB.
3. There is a demo account for 1,000 virtual currency units.
4. There are programs for Windows, Android, iOS, macOS.
5. Income can reach 95% of the investment amount.
6. Provide trading training.

Minuses:

1. Judging by the reviews on ratingfx.ru, sometimes the company does not want to withdraw money while there are unclosed transactions.
2. Passive technical support managers.
3. There are problems with account verification.

Content

Eightcap - an adjustable platform with tight spreads

Our rating

• Minimum deposit is only $250
• 100% commission-free platform with tight spreads
• Free payments using debit/credit cards and e-wallets
• Thousands of CFD markets including Forex, stocks, commodities and cryptocurrencies

Visit Eightcap now

Start your journey to achieving all your financial goals right here.

IQ Option

IQ Option is a broker on the market since 2013.

Not suitable for citizens of the Russian Federation.

You can trade 17 options.

Awards:

1. Quality Seal 2022 in the Finance category – Communicator Awards.
2. The best binary options broker and the best trading application - IAIR exhibition, etc.

The minimum deposit is $10.

The minimum transaction size is $1.

You can deposit and withdraw money through Neteller, Perfect Money, Qiwi, Skrill, Visa, MasterCard, Yandex.Money.

Pros:

1. Demo account for $10,000.
2. Support 24/7 in Russian, English, Turkish, German and other languages.
3. There is an application for Android, iOS, Windows, macOS.
4. Alerts are received about what is happening in the financial markets.

Minuses:

1. Few options to trade.
2. You can't trade with Russians.
3. Judging by the reviews, sometimes there are problems with technical support.

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?

Grand Capital

Grand Capital - the platform has been operating since 2006.

The broker does not provide services in Russia.

Funds are protected by SERENITY ESCROW - an intermediary between the broker and the trader.

The minimum deposit is $10.

330 currencies, CFDs, futures, options.

Deposit and withdrawal of funds through Alfa-Bank, Neteller, Perfect Money, Qiwi, Skrill, Visa, MasterCard, Yandex.Money.

You will have to trade through the MetaTrader 4 platform.

The company provides trading training.

Some online users are complaining that their accounts are being blocked without reason.

Pros and cons of options trading

• You have the right, but not the obligation, to buy the asset later.
• Options can facilitate low-risk, high-return investments
• Possibility to sell or trade an asset
• Use leverage to increase the volume of your trades
• Hundreds of regulated options trading brokers to choose from
• Start with a debit/credit card or e-wallet
• Trade on the go with your broker's app

• Most new traders lose money
• You must be able to deal with the emotional side effects of losing trades.

InstaForex

InstaForex - the company has been operating since 2007 and has more than 260 representative offices around the world.

Awards:

1. Best Broker in Eastern Europe 2022 according to International Business Magazine.
2. Best Managed Account according to IAFT Awards 2022.
3. The most active broker in Asia 2022 according to AtoZ Markets and others.

Advantages:

1. Support 24/7.
2. 107 currency instruments.
3. Conclusion of exchange options on 72 instruments.
4. 10 trading servers.
5. Trading leverage from 1:1 to 1:1000.
6. Expanded bonus system.
7. Forum.
8. Trade training.

Bonuses:

• 100% – for the first deposit, leverage – 1:200;
• 55% – for each account replenishment, leverage – 1:200;
• 30% – for each account replenishment, leverage – 1:1,000 + compatibility with the club bonus;
• up to 40% – club bonus for each replenishment;
• up to 10,000 – monthly promotion “Happy Deposit”.

InstaForex constantly holds competitions. For example, now it is Miss Insta Asia with a prize fund of $45,000 and “Win ​​a Ferrari from InstaForex!”

The minimum transaction size is $1, the maximum is $1,000.

Trading terminals – MetaTrader 4, MetaTrader 5. You can trade online or download it for Windows, Android or iOS.

Options trading is available for accounts opened in USD, EUR, RUR, US Cent and EUR Cent currencies.

Deposit and withdrawal of money: Qiwi, Yandex.Money, LiqPay, Neteller, W1, CashU, EgoPay, bank transfer, etc.

Minuses:

1. According to user reviews on ratingfx.ru, there are problems with withdrawing bonus money. Therefore, read the company rules carefully.
2. Withdrawals take from 1 to 5 days.
3. Some people have problems with withdrawals to Qiwi.

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.

Interesting poll at the end of the article!

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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.