We review the top Binary options brokers in the industry
Know the best regulated binary options brokers for 2021, their trading conditions, bonuses, contests and promotions
Difference between Forex and binary brokers
We will not dive deep in this but it is important to know the basic difference between Forex trading and binary trading. So brokers that allow Forex trading are Forex brokers and brokers that allow binary trading are binary brokers. Now let's see the basic difference between these two types of trading.
Binary trading : Binary trading involves fixed risks and Fixed rewards. In binary trading, a trader has to predict whether a trading instrument, such as a currency pair, commodity or cryptocurrency, will go up or down in a fixed period of time. In binary trading, traders are shown upfront the amount of profit they will earn if their predictions are correct. Note that in binary trading it does not matter how much the trading instrument has moved up or down in the given time, what matters is whether the instrument has moved up or down.
Forex trading : Coming to Forex trading, the profitability of traders depend directly on the size of their trade and on how much the trading instrument has moved up or down after the trade has been placed. In Forex trading also, the size of profit or loss can be restricted by using a "Take profit" or "Stop loss" but otherwise the profits can be anything and so the loss, without a stop loss it is very possible that the trader might lose all the money in his account.
We help you chose the right binary options brokers
In the first place we don't merely review a Forex or binary broker just because it's willing to pay us for advertisement. We only review reputed Forex brokers that are regulated or licensed, trusted by a large number of traders, have strong establishment and provide a trading environment where traders can actually make good profits.
Trading with more than one broker can facilitate your trading performance since this way you can benefit from certain features, trading conditions or bonus offers that a particular broker is offering. Note that all top Forex and binary brokers compete with each other and strive to improve their performance in order to keep their existing customers and secure new customers.
List of top binary options brokers that we recommend
1.
Avatrade
Min deposit
Withdrawal time
Payment methods
$100
Withdrawals are usually processed within 4-12 hrs but sometimes may take up to 48 working hours.
Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney.
2.
Binomo
Min deposit
Withdrawal time
Payment methods
$10
Withdrawals are normally processed within 24 hours but sometimes it may take up to 3 days. Withdrawals for VIP clients are normally processed within 4 hours.
Credit card, Debit card, Neteller, Webmoney, Perfectmoney, Jeton wallet, Astropay, Globepay, Advcash, Internet banking, UPI, Paytm.
3.
Deriv
Min deposit
Withdrawal time
Payment methods
$5
Withdrawals are processed within 1 working day.
Bank Wire, Credit card, Debit card, Skrill, Neteller, Webmoney, Fasapay, Perfect Money, Qiwi, Paysafe, Jeton Wallet, Sticpay, Airtm, Deriv payment agents, bitcoin.