Best Binary Options Brokers: Top 6 Trading Platforms Of 2022

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Best affiliate binary options.
If you're looking for some quick profit without too much research on the complexity of the binary options market, then this platform will be ideal for you. IQCent is a very popular platform in the trading arena with excellent features catering to all types of users.
Moreover, you can easily fund your trading account using credit cards, bank transfers, bitcoin, ethereum, and other methods. After the company receives a confirmation of the payment, it will add your funds immediately.
It's a well-reputed platform suitable for beginners. The platform offers more than a hundred trading assets, including crypto, commodities, stocks, and multiple payment methods are accepted here.
Highlights.
This binary trading broker is handled by a company called Wave Makers LTD, with headquarters in the Marshall Islands. No other regulatory body oversees its operations.
They have a reasonable minimum deposit of $10 to get started with an easy sign-up process. Also, the minimum trade size is low, so it will suit you even if you're a beginner.
An excellent advantage for new traders or first-timers on this platform is that they can receive a bonus of up to 100% after their initial deposit.
In case you want to withdraw some balance, you need to provide your ID. Withdrawals take about an hour after the platform has received the necessary confirmations.
Most users loved the platform's interface and the reliability of a copy trading tool. It allowed many traders to follow the pros and sharpen their skills. As all the processes are super smooth and easy to follow, the platform has become very popular among beginners.
All traders enjoyed the excellent bonuses offered by the site. They stated that the account opening, fund transfers, and withdrawals were quick. The SSL-certified security is also commendable.
The referral program has also benefited many customers. The users also loved the versatility of the platform, as you can use it on any device effortlessly. However, traders felt that information about the platform's regulation should be readily available on the website.
IQcent lets you open three types of accounts for binary options trading - Bronze, Silver, and Gold.
The Bronze account is the basic account that is suitable for all types of users. Submitting your ID, filling up a registration form, and funding your account will set you up. You get features such as live video chat support, demo account, copy trading functionality, bonuses up to 20%, and easy withdrawals within an hour.
The next account type is Silver, which includes all the facilities of the previous account. However, readers will get bonuses of up to 50% under this account. You get a web session to learn effective trading strategies. Further, your first three trades will be completely risk-free.
The last account type is Gold, which offers you all the features of the previous two accounts. But the bonuses are up to 100%! Along with the masterclass web session, you also get a personal success manager to assist you throughout all your trades.
When it comes to funding methods, IQcent is a completely secure SSL certificate fund transfer process. The platform won't charge you any transfer fee, and the processes are pretty fast. However, the funding processes may slow down during weekends or holidays.
The platform guarantees all its traders that withdrawals will be processed in under an hour. If you run into any issues, they have an excellent customer support team to handle them efficiently. Further, the platform also lets you trade over weekends.
Pros.
Non-stop trading, including the weekends 24/7 multilingual customer assistance Hundred percent secure trading and fund transfer Fast withdrawals under an hour Refer friends to earn 20% from their deposits Copy-trading allows you to follow successful traders.
Cons.
Regulation information not specified.
#4. BinaryCent - Leading Provider of Binary Options.
The next binary trading platform on our list is BinaryCent, which is also a very well-loved website. The platform was formed in 2017 by a firm called Cent Project LTD. Like the previous platform, this is also very popular among beginners for its convenience and excellent features.
In fact, you can start binary trading with a low amount of only 10 cents for a particular trade, which is an almost unmatchable rate in the industry. Commodities, cryptocurrencies, stocks, Forex, and indices are available for trading.
Highlights.
When it comes to regulations, the platform is supervised by VFSC (Vanuatu Financial Services Commission). They also have a subsidiary company called BinaryMate, which solely focuses on more serious trading.
As you can see, the company handles a variety of trade operations, and they know what they are doing.
This platform is an excellent way to start binary options trading along with CFDs (Contract For Differences) and Forex trading. BinaryCent offers high payouts and a reasonable minimum deposit of $250 to start binary trading.
Withdrawals are processed in under an hour. However, identification of the trader is mandatory for all withdrawals.
Using the site is fairly easy, as it gives you a brief tour of how to navigate right after you log in. This way you can also learn about the advanced features.
The platform also offers access to various chart patterns, technical analyses, tips, and the latest information on the binary trading industry. Their user-friendliness has also been lauded.
Users also loved the fact that the accounts can be activated easily via Bitcoin or a card. Also, a mobile application is available for Android and Apple users.
One of the most important services the platform offers is copy trading. Here, you are allowed to follow the seasoned traders you want as long as your budget lets you.
You can copy the trades of these experienced traders to increase the chances of profit and learn everything you need to know about binary options trading.
Their website has received a plethora of positive reviews from their happy customers. The copy trading functionality allowed them to learn the tricks of the trade from experts.
Besides, the platform offers three types of accounts for interested traders - bronze account, silver account, and gold account.
It is the basic account type for all traders with a low minimum deposit and the opportunity to earn a bonus as high as 20%. You get 24/7 live chat support, easy withdrawals within an hour, a demo account, and a copy trading tool.
It has a slightly higher initial deposit with an office bonus of almost 50%. However, you need to trade at least 40 times before making the first withdrawal. But the first three trades are risk-free.
This account offers you all the perks of the previous package.
This account is suitable for experienced traders in the binary market. Besides getting all the features of the previous two accounts, you also get a 100% bonus while starting off.
The best part? You get a personal success manager to assist you while trading binary options.
Besides all these amazing features, the site also has an easy-to-use mobile available for Android and Apple users. So, you can check out your trades and transactions anytime you want.
Pros.
A very low minimum trade amount Quick withdrawal processing under 1 hour A variety of payment options offered, including bank transfer and Bitcoin 24/7 live multilingual customer support Export trading advice offered in the Gold account No taxes are withheld from payouts.
Cons.
The platform gears towards beginners, not pro traders.
#5. RaceOption - Best Bonus Structures.
Best out of the United Kingdom, RaceOption was established in 2014 and is another one of the best binary option trading companies. With over 10,000 daily trades and 1,100 active users, an average trader's income here is $1,237.
Offering high security and flexibility, the platform is well appreciated by experienced and beginner traders. A mobile app and a web platform are available for users.
The platform is extremely easy to navigate, where all the features are clearly laid out. New traders are offered gifts right after the registration, which takes about a minute. You can quickly start transferring funds to your trading account via a variety of options, including Visa, Bitcoin, and Perfect Money.
It is one of the few binary trading platforms that allow users from Australia, Canada, or the UK to use its service for trading. There aren't many restrictions on your location. Just create your account on the platform, and you're good to go!
The company also offers guidance by a skilled advisor for your binary options trading. That's why all beginners love this platform!
Highlights.
It's a part of the Finance Group Corp and Suomen Kerren. While both these firms are registered under Vantau, they don't offer the same level of regulation such as FCA.
Some eyebrows did get raised as there wasn't sufficient information about the platform's regulation. But, no one has faced any problems while using the site.
There are plenty of withdrawal methods and funding options on RaceOption, and it usually takes an hour. For minimum deposits, the amount is $250 to get started.
Even more, the platform allows you to share a trading link with a friend and get 20% in returns from a client deposit.
The company offers a comprehensive trading platform both on mobile and desktops. The features include easy account funding, quick trading, withdrawal of funds, access to trading history, and much more.
You'll love the user-friendliness of the platform and the convenient sign-up process. Moreover, you also get to see live charts of the various CFD and execute trades quickly.
The company offers an exciting web platform along with a mobile application available for Android and Apple users.
So, you can always check out how your investments are performing. Be it stocks, commodities, or crypto; the entire trading process is comfortable here. If you have got the hang of it, you can even trade on weekends.
In case you are a beginner in this binary trading industry, the platform's copy trading feature will help you. It enables you to choose one or more of the most successful traders on the platform and copy their trading strategies. Therefore, with less hassle, you can earn some amazing profits.
The copy trading feature enables you to learn the trade tricks easily and develop a decent balance for your account.
Plus, there are weekly trading contests to bag some more extra cash. RaceOption also organizes exciting giveaways where everyone gets a chance to win prizes such as a MacBook Air or an Apple Watch.
Pros.
Plenty of bonuses and weekly giveaways Excellent customer service available 24/7 Accepts users from anywhere in the world Quick withdrawal processing Completely secure platform with 100% data protection.
Cons.
No demo account is available.

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#6. Nadex - Most Reputed Binary Options Trading Platform.
Nadex (The North American Derivatives Exchange) is a very well-known brand in the binary options trading industry. Based out of Chicago, the platform has developed a huge customer base with more than 10,000 contracts traded every week.
The highlight of this platform is it allows you to participate in short-term trading opportunities. You have the option to trade binary options, stocks, commodities, indices, call spread contracts, and touch brackets.
Furthermore, the platform is easy to navigate. The company sells itself apart by using advanced technology to help you navigate the markets and invest in the best binary trading options.
Besides all this, the platform also offers excellent customer support to all its traders. You can reach out to the customer support department anytime via email or phone. A Nadex account specialist will guide you and listen to all their queries.
Highlights.
The company follows regulations laid down by the Commodity Futures Trading Commission, so you know that you are in the right hands. However, the money you deposit for these trades has to be segregated in separate bank accounts to ensure your funds are secured.
Your deposited funds will be segregated at Fifth Third Bank and BMO Harris Bank.
The platform has a minimum deposit of $250, and withdrawals take 3-5 days. Depositing and withdrawing funds from the Nadex account is also easy, making it convenient for inexperienced traders.
Nadex is such a well-reputed brand that it's hard to find a negative review about them. Most customers have absolutely loved the user-friendliness of the platform and the ease while setting up their accounts. However, the platform is accessible only through a computer.
On the Nadex platform, you are allowed to place orders using their proprietary software, straight to the exchange.
Moreover, you can browse through 5,000 contracts categorized by the expiry time, price, or asset class every day.
If you are unsure about the platform or want to know more about binary trading, you can open a demo account to try out short-term trading. That gives you an opportunity to trade in various market conditions and understand how things work.
The platform also provides expert support so that you can refine your trading strategies.
The platform has an extensive learning center on its official website enriched with information about products, accounts, funds, and much more. Plus, Nadex has a fantastic YouTube channel where you can dig in to learn more.
Moreover, they also arrange webinars and live boot camps to spread valuable knowledge about binary trading. You'll know market insights and technical trade analysis. Also, the platform offers market analyses, along with the evaluation of specific commodities, sectors, and currencies.
Another way the platform stands out is the ceiling levels and built-in floor for contracts and binary options. It means you'll get to know your maximum profit or losses beforehand.
The site will notify you of the max profit or loss on your order ticket before you start the trade, allowing you to have better control over your money.
The platform also provides sufficient flexibility to invest in various markets, particularly short-term trading.
Pros.
A reputed brand with an international customer base Reasonable fees and minimum deposits Outstanding educational content, including boot camps, webinars, and videos Ceiling levels and built-in floor offers better control on investment Excellent chart analysis and market data streaming.
Cons.
No bonuses are available to traders No mobile app or high-quality market research tools.
How We Chose The Top Binary Options Trading Platforms.
As we aimed to offer you a holistic information overview, required to pick the right binary options trading platform, we went through countless hours of research.
Our team started by analyzing the most popular platforms out there where traders invested the most. It left us with a handful of platforms to delve deeper into.
Here are some factors we accounted for:
We took a closer look at which platforms offered the most success to traders. It automatically allowed us to cut the list short and focus on a select few platforms.
A binary trading platform needs to be regulated by a governmental body such as Commodity Futures Trading Commission (CFTC). So, we checked to see whether these brokers were properly regulated and followed the legalities properly.
Our team then moved on to check the range of underlying assets these platforms offered. It was an important factor to check; more options will give you better opportunities to explore the markets.
Also, some companies may impose limitations on these markets. As a result, our list was shortened as we kept only the diverse platforms and left out the rest.
We also focused on any country restrictions these companies faced. Due to certain restrictions, some companies don't operate in the US, so they aren't necessarily the safest bet. It allowed us to understand the level of transparency of these sites.
Thus, we chose platforms that followed all the governmental rules to the dot.
Lastly, we compared the companies based on their customer service ratings and promptness in attending to their users. That includes live chat support, 24/7 service, and polite customer support executives.
We also asked some of our team members to try these platforms out before preparing our final list. This allowed us to get the most authentic information possible.
Other Factors We Checked.
To ensure we offered the best information, we also made sure to check the following factors:
Maximum payouts for each trade Minimum deposits for trading account Website design and convenience Availability of demo accounts Access to mobile applications Binary option bonus.
Things To Consider Before Choosing A Binary Options Trading Platform.
Before selecting a binary options trading broker, you need to do your homework. Even if you have learned a lot from our reviews, you still need to consider some factors before committing to a particular platform.
The most important factor to consider while choosing a binary options trading company is the number of assets they offer. You will notice that most of the platforms we listed offer more than a hundred financial assets to trade.
The most common assets or markets include Forex, stocks, indices, and commodities. The top-quality brokers also offer CFDs and cryptocurrency place your bets. Therefore, a larger variety of assets offer you better opportunities to gain profit.
The best binary trading brokers are regulated by a financial institution. It guarantees safety and prevents you from getting involved in any legal complications later on.
Regulated brokers are also able to protect their traders in case a dispute arises. In addition, these brokers segregate the user's funds in different bank accounts in prestigious institutions. So, always choose a binary options broker that operates under regulatory agencies such as CFTC, ASIC, FCA, and CySEC.
If binary options trading isn't allowed in your region, these companies will be your savior.
It is an exciting feature offered by most binary trading brokers, which allows you to open an account and explore the platform. You also get virtual funds which you can use to trade and predict the market conditions.
This account allows you to get comfortable with binary trading and the platform's functionalities. However, don't expect to learn everything from a demo account, as real market situations may be more unpredictable than you think.
Therefore, it is our recommendation that you choose binary trading brokers who offer you a free demo account.
Some platforms put a limit on the maximum amount you can withdraw after a payout. On the other hand, some companies may charge you a small fee while withdrawing money. Both cases aren't very convenient.
If you want to use most of the profit you have earned, always choose a platform that has high payouts. The top brokers might offer you 50% to 100% payouts for each trade.
Thus, always check out the payout limit before signing up for the platform. Besides choosing companies offering high payouts, you can also choose brokers who offer rewards or bonuses but have a low payout.
When you bag lots of cash, it's natural to want to withdraw the money as soon as you can. That's why some binary trading brokers allow you to withdraw your money a day before the expiry time. Other platforms may ask you to wait for a couple of days before the withdrawal.
So, choose the company depending upon how much you are willing to wait. If someone offers you a quick withdrawal, it's also a measure of the smoothness of their processes and customer service.
If you're someone who likes to keep tabs on their investments, the mobile application for your chosen trading platform will be extremely convenient. These apps can be accessed from your smartphone or tablet and will let you monitor the trades in real-time.
So, it's good to consider trading brokers who offer you apps available on Android and Apple devices. Further, using apps might be easier for inexperienced traders.
FAQs About Binary Sites Options.
Q. What Type Of Binary Option Trading Platforms Must Beginners Select?
Binary option trading suits all inexperienced traders, as they have to choose between only two options - yes or no. To get the most out of each trade, beginners must choose a platform that has sufficient educational content or tutorials to guide them.
The platform must have a simple interface, easy controls, and also the provision of a free demo account to try out various features. If you're a beginner, look for sites offering personalized training assistance.
Q. Is Binary Trading Safe?
In general, binary options trading is safer than many other high-risk investments. It's straightforward and uncomplicated, where you have an idea of how much you might gain or lose before an investment. You won't lose money just because you don't understand the investment terms.
Even though every trade investment is a little bit of risk, binary options are worth a shot. Just ensure that you are using a safe and properly regulated platform for your trades.
Q. How Important Is Copy Trading?
The copy trading functionality offered by many platforms allows you to follow experienced investors. As the professionals have more knowledge about trading than you do, you'll get a fantastic opportunity to understand their trading strategies.
If you're confused, copy trading will allow you to emulate the investment methods of these pro traders, increasing your chances of profit. Thus, it's important for any trader, especially if they're beginners.
Q. What Are Binary Trading Signals?
Binary trading signals are notifications given by the companies to help you understand the market conditions or the direction of the market you're investing in. These signals have been prepared after a thorough technical analysis and market evaluation.
Seasoned investors may not require these trading signals, but they will be extremely beneficial for beginners.
Conclusion: Which Is The Most Reliable Binary Options Broker?
If you've never invested before and want to dip your toes, binary options trading is the best way. It's simple, with lesser rules and regulations, which will help you wrap your head around the basics.
As any investment involves some amount of risk, you'll need some time, in the beginning, to settle down. However, with practice, reading tutorials, and using free demo accounts, you will be on your way to rule the binary trading market.