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Top Tips for Finding the Best Binary Options Broker

Trading binary options has become a popular form of investment all over the world; but before you start risking your own money there are a few important steps you should take. The first, and one of the most important, is finding the best binary options broker. Unfortunately, it’s not as simple as picking a name out of the hat – and you might not have a hat big enough to fit all the binary brokers’ names in. While the number of brokers was very small when binary options trading for the average man first began , numbers are now in excess of 400.

Regulation of binary options trading activities is still under development

At present, there is no single regulatory body responsible for overseeing and regulating all the Forex and binary options activity taking place across the globe. This hasn’t, however, stopped thousands of people enjoying all that this form of investment has to offer. There are a number of regulatory bodies that have been formed, but usually these operate within certain geographical areas. The aim of these bodies is to monitor the various Forex and binary brokers, in order to promote best practices as well as to protect traders.
In the USA, there are very strict regulations that have been imposed on binary brokers who wish to accept US-based traders, and this means that some of the top binary options brokers have chosen to accept traders from regions other than the USA.

Top-rated binary brokers

.
Broker Min Deposit Regulation Bonus Read More Visit Site
XM $5 CySec $30 Free Read Review Visit Broker
AvaTrade $100 MiFID 40% Read Review Visit Broker
HotForex $50 CySEC 100%* Read Review Visit Broker
HYCM $100 FCA UP TO $5000 Read Review Visit Broker
FBS $1 IFSC $123 Free Read Review Visit Broker
FIBO Group $300 CySec N/A Read Review Visit Broker
Instaforex $1 FFMS 250% Read Review Visit Broker
easyMarkets $200 CySEC 50% Read Review Visit Broker
XTB.com $250 FCA Up to 30% Rebate Read Review Visit Broker
UFX $50 CySEC, MiFID $50 Free Read Review Visit Broker
eToro $50 CySEC, FCA Up to $1000 Read Review Visit Broker
itrader $250 CySEC UP TO $30,000 per T&C Read Review Visit Broker
Plus500 $100 CySEC N/A Read Review Visit Broker
CM Trading $250 FSP Up to $3,000 Read Review Visit Broker
Trade.com $250 CySEC $25 No Deposit Read Review Visit Broker
* Not valid for EU traders, T&C apply

Top-rated binary brokers

.
Broker Min Deposit Regulation Bonus Read More Visit Site
XM $5 CySec $30 Free Read Review Visit Broker
AvaTrade $100 MiFID 40% Read Review Visit Broker
24option $250 CySEC N/A Read Review Visit Broker
HotForex $50 CySEC 100%* Read Review Visit Broker
HYCM $100 FCA UP TO $5000 Read Review Visit Broker
FBS $1 IFSC $123 Free Read Review Visit Broker
FIBO Group $300 CySec N/A Read Review Visit Broker
Instaforex $1 FFMS 250% Read Review Visit Broker
easyMarkets $200 CySEC 50% Read Review Visit Broker
XTB.com $250 FCA Up to 30% Rebate Read Review Visit Broker
UFX $50 CySEC, MiFID $50 Free Read Review Visit Broker
eToro $50 CySEC, FCA Up to $1000 Read Review Visit Broker
itrader $250 CySEC UP TO $30,000 per T&C Read Review Visit Broker
Plus500 $100 CySEC N/A Read Review Visit Broker
CM Trading $250 FSP Up to $3,000 Read Review Visit Broker
Trade.com $250 CySEC $25 No Deposit Read Review Visit Broker
* Not valid for EU traders, T&C apply

What is a binary options broker?

A binary options broker is a company that operates a binary options website. Through the website a trader can trade quickly and effortlessly by using an online interface or platform, either what is binary options brokeron a desktop or a mobile device. The broker simply fills a trader’s order on their behalf, and pays out if the trader makes a correct prediction, and gives an out-of-money refund when a trader loses. It might help to think of a broker as kind of a bank, because essentially they are borrowing the money of their clients while it is sitting in their trading account.
Thinking of your broker as a bank will also give you some pointers as to what to look for in a top binary options broker. While you may be content to stand in line and wait in the queue while your bank ignores you, the teller is impolite, and you are charged unreasonable and unexpected fees, we hope you won’t tolerate this kind of service from your choice of binary options broker. You really do owe it to yourself to find the best binary options broker – one who will take you and your investments seriously, as well as treat you with respect and transparency.

Top five tips on choosing the top binary options broker for you

You won’t be able to pick the best binary options broker without undertaking some research; and we’re here to help by giving you some pointers on what to look for. Picking the best binary options trading sites blindfold is not a sensible course of action, and could land you in really hot water. Work your way through the following five tips, though, and you’ll be well on the way to success:

– Take note of the response times, and whether your questions are answered quickly and intelligently.

– Did you feel comfortable talking to the representative, and did you receive the actual answers rather than just a hard sell?

– Test the live chat option, if there is one. Is the live chat option manned by real people or an automated robot?

– Test the email option and see how quickly you get a response.

If you aren’t happy with any of your experiences, then try another binary options broker. You should be looking for a broker that fills you with confidence, and one you feel comfortable working with. By doing this you are increasing your chances of becoming a successful binary options trader.

Important features to consider when choosing a binary options broker

There are a number of different attributes to consider when determining the top binary options brokers:

We hope you’ve enjoyed this section on choosing the best binary options broker, and will keep our site as one of your favourites – because we’ve got heaps more information to share.

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