Recently, binary options trading has become very popular. Many beginners are attracted by the simplicity of trading and already calculated risks and profits in advance. But it is not easy to understand which binary options broker is the best to open an account with. Because of the bright advertising it is hard to understand what the real situation of the broker offering its services. The most reliable brokers to open an account with are licensed binary options brokers. Some brokers have more than one licence.
What is the purpose of multiple licences for a broker?
Everything is explained quite simply. Each broker obtains a licence depending on its desire to position itself in a particular region. If a broker is going to work mainly with traders from the former CIS, the best option for it is to obtain a Ukrainian licence. And traders, in case of any unclear situations or controversial issues, it is easier to contact the regulatory body, where there are no language barriers and, if necessary, it is not far to get there.
Rating of binary options brokers
On various Internet resources related to binary options trading, you can meet the rating of brokers providing their services. It turns out that each site has its own rating, someone considers the most important quality of the broker is the profitability of the transaction, someone lines up brokers according to the requirements for the minimum deposit, someone – depending on the period of work with clients. In any case, if you look at the rating of binary options brokers on different resources, you can find the same names among the first 10, which indicates the real popularity of the office among traders and a high degree of trust.
Olymp Trade
This broker is in the top positions of ratings on various online resources, therefore, it is possible to work with it. The minimum deposit is only 10 dollars. The percentage of profitability, in case of a correct forecast of the bet – 70-88%. 155 assets are available for trading. Also, there is a deposit bonus of 100%. Deposit and withdrawal of funds is carried out by many EPS.
uTrader
This broker is also always at the top of the ratings of binary options brokers. It offers a bonus of up to 150% on the first deposit, deposit insurance is also practiced. More than 90 assets are available for trading activity. The profitability of the operation is up to 85%. The minimum deposit is $200. An extraordinary bonus system is provided for clients. Convenient ways to withdraw and deposit money. There is access to training materials for traders with different levels of training.
Binomo
This broker has a minimum transaction value from $1, minimum deposit – $10. The work of the platform does not stop during weekends. Profitability of successful transactions from 70%. Convenient and available ways to deposit money, including reliable EPS. There is a demo account, free training materials and 24/7 technical support.
24option
This broker works with clients from different regions, so it has several licences. European CySEC and British FCA regulators. Quite a high threshold for the first deposit – $200. The minimum transaction value is $24. A lot of training material in different languages. The broker works with many reliable payment systems. Withdrawal of funds within a day.
Super Binary
This is a young binary options broker that started its activity quite recently, in 2016. Despite the short period of operation, this broker is very popular among novice traders and is considered one of the best. The minimum deposit at Super Binary is $250, the cost of the minimum contract is $5. For new clients there is a bonus up to 100%. Profitability of deals is up to 82%.
Conclusion
You can work with all the brokers listed above without worrying about your funds. The trader himself will choose whose trading conditions suit him best. For someone the main criterion of choice is the profitability of a deal, for someone – the minimum deposit. An important point is the availability of training material in almost all brokers.