Suppose you can’t make a very big investment or are willing to take risks. Although, in that case, binary options sound alluring and identical to their name, it has two possible outcomes: you get a profitable return or nothing. However, if you are a novice and wonder about the best binary options broker in the market, here are some of the best that shall be worth your consideration.
It emerged in the market as of 2017 and has gained a good deal of popularity since then for its beginner friendliness and advanced options while also ensuring security with fluidity. For starters, you can have a demo account with $10,000 virtual money to practice before investing the real one, it’s always good to exercise before a workout, and here the principles might not be any different. Practice can make you wise.
The minimum trading amount starts from $1 with over 100 assets to put your hard-earned money upon. The minimum deposit is $50, and it accepts a notable number of cryptocurrencies with some other payment options making itself attractive to a wider set of audience. Besides, it also offers you some bonuses and is greatly appreciated for its payouts.
It’s an old and trusted broker. To give you an idea of its popularity, it accounts for over a million transactions in a day. It also has a demo account with $10,000 virtual cash. You can make a minimum deposit of just $10, and the payouts are good, too; adding to its intuitiveness, it has support for 13 languages and has tools to assist you in analyzing the economic conditions. There are over 90 assets for you to invest in that shall add to its versatility.
You can use their mobile app that runs on both Android and iOS. It is not just there for name, it can be considered useful as it displays your account status, and you don’t need a PC to make investments; besides, it also packs many more essential features. Further adding to its reliability, it won many awards for its service.
This one too entered the market in 2017 and is quite popular. Its biggest merit is that you only need 10 cents to trade, which is significantly lesser than its competitors. It maxes out its payouts at 95 per cent, which looks pretty competitive too, and despite being a newer site, it also has a mobile app of its own. There are quite a few assets to trade in, but the list is still growing to make it more competitive.
Most importantly, the user interface is friendly and intuitive, making it suitable for a greater set audience. To grab some more attention, this site also offers some bonuses, especially to the first deposits. It does not miss upon the demo account, has a minimum deposit of $250, it has three types of accounts – bronze, silver, and gold. Gold gives the most money benefits and bonuses, followed by silver, but the list goes vice versa when we talk about investments. Considering safetradebinaryoptions will also keep you safe.
It comes in 2014 and is known for its intuitiveness, which makes it very user-friendly; you can see your investments and most of the stuff right in front of you. It too has three account types- bronze, silver, and gold. Bronze being the entry-level option requires a deposit of $250 with a 20% bonus, silver asks for 1000 dollars but gets you a bonus of 50% or higher, gold has the most to offer, 100% but it also asks for 3000 dollars, considering the bonuses and investment you must be sure of your risk-taking capacity. In addition to this, it possesses options for investing over 150 assets that make it stand out.
Although its pro becomes its con for the people willing to invest in cryptocurrency, it can give you a max payout of 90%, not the best in the market but still considerable; nevertheless, you will get at least 60% payout if your prediction is right.
This one has been in the market since 2014 and has gathered millions of users since then. There are over 100 assets to invest in and a demo account for the needy. It has micro, basic, silver, gold, platinum, and exclusive accounts, where you can have a deposit from $10 for micro to $5000 for platinum. Naturally, the higher you get, the more investment it will take; However, the exclusive one is not for everyone; only the invited one can have it and relish its extra profitability.
For further attraction, it can give you a 100% bonus for your first deposit. Their customer service is available 24/7. The languages they include are English and Hindi. However, the site is available in 15 distinct languages for your convenience.
It was brought into existence in 1999, making it one of the oldest and most respected binary trading platforms. It possesses a million registered accounts and records 20 transactions in a second. The payouts go as high as 91 per cent with a minimum trade of $1 with 58 distinct assets to consider. For the novice, it has SmartTrader and Deriv platforms specially designed to be intuitive so that the amateurs can have a simple trading experience.
It doesn’t miss upon the advanced traders, it has MetaTrader5, and Binary WebTrader, both of these have extra scope and features. Besides, it also has financial instruments to help its users further. It has two types of account- demo and real; in the demo account, you will be given $10,000 virtual cash to practice, and you can create a real one with a minimum deposit of $5. To ensure your convenience, it also has a mobile app.
So these are some of the greatest binary options brokers used by millions of users and are popular worldwide. Each of these sites has pros and cons and uses incentives like bonuses to attract traders; you can choose according to your needs.