Our long waited article “Best Binary Options Brokers in 2021” is here. It was a wonderful experience for the team, as the readers had been asking for these for a long time.
Binary trading is always profitable who aim to fill their pockets on a short-term basis. But the truth is, if you fail to take the first step correctly, the rest of the steps will be a nightmare for you.
So, we are pleased to announce that we now have an article on the 5 best binary options trading brokers where you have put expert’s helpful reviews along with the ratings.
Each section is important. We designed it for extremely new traders and those who want to deal with multiple platforms.
We have burned the midnight oil to research and analyze each plot and furnish this article. As a result, you don’t need to spend hours searching for information about your broker.
Note that this is not a broker review article. We have provided links to our central reviews where all relevant information pertaining to the brokers can be found.
In different parts of the world, there are over hundreds of trading brokers. Not all brokers are suitable, and we never recommend you to jump just by seeing its lucrative features.
We have been reviewing many brokers, and particularly, very few brokers are still waving their flags with trust. Others are just struggling.
We overlooked a few aspects of these brokers when reviewing them. Since these aspects are mostly threatening to traders, brokers use them to trap traders.
So, what factors should be considered when evaluating the best binary options trading broker? You should pay attention to this section because we will draw the broker’s anatomy based on these factors.
The initial one is the broker’s regulation. It is the most noteworthy fact. You can’t ignore it no matter how gracefully the broker has won your heart. The regulation will add extra value and security to traders. After all, it’s your money and you have a right to protect it.
The second phase is the deposit amount. Small deposits are better for new traders. Most of the brokers that we have mentioned here allow traders to start with a small amount.
Next, move to the support center. A great customer support team can solve your problems without confusing you.
The alarming one is the withdrawal part. We get a lot of mail from traders having difficulty withdrawing their funds every day. Traders suffer from not reading the terms and conditions.
So, never try to skip the lines, or the broker will forget about your money. Remember that your simple and silly mistakes could lead to your account being permanently suspended.
However, we have also counted traders’ reviews and experiences, including the mentioned factors. Thus, our team went through several trading forums to read the experiences of real traders.
Considering all aspects, the mentioned brokers are nominated as the best binary options brokers in 2021.
According to our research, the binary market widely accepts a few broker’s platforms that continuously provide the most satisfactory service. Some brokers are the most ancient in the industry, while others just recently opened their doorways for traders.
As we mentioned earlier, we have selected these brokers based on reputation, including regulation, payout percentage, customer reviews, etc. We aim to secure your money and give you the best possible suggestions to profitable each trade.
In this discussion, I’ll begin with the most popular ones recently rebranded with a new name and platform.
Binary.com is the most popular binary trading broker that allows traders to trade with a wide range of trading assets. Including an overview of the platform, the binary.com review will give you a reasonable idea of how the broker functions and what benefits you can expect from it.
Binary.com is the best-suited broker platform, especially for beginners. Beginners will get a simple and user-friendly trading dashboard that has zero complexity. On the other hand, you can also consider this platform the best fit for professionals due to its profitability and multiple account types.
Over the years, our team has reviewed this platform and found very few negative reviews. And it is absolutely true that not all traders get the same feedback from a broker. However, we have talked with a few experts to ensure the broker’s legitimacy.
According to their speech, the platform still holds the crown. This broker excels in every aspect, from regulation to customer service.
Let’s check out what we have.
Regulation is the most vital point to check before picking any broker’s platform. A regulated broker will display the best features, and most importantly, your money is in a safe hand.
On the other hand, regulation means the broker operates legally and tries not to scam their customers.
If you go through the broker’s website, you will find that binary.com is a multi-regulated company. Each of the regulatory bodies is renowned.
Additionally, we have also checked the financial security of traders. And the feedback we received was impressive. You can enable two-factor authentication for the account. Using two-factor authentication, it is nearly impossible to hack your account. You must confirm your login with another device before logging in.
Also, Binary. com provides a clear login history of your account. To secure your deposits and withdrawals, you can set up a cashier lock password. It is the safest trading platform so far, we have seen.
Next, we’ll talk about deposits. The broker allows traders to deposit as little as $5. This is why we told you that this broker is one of the most outstanding choices for novice traders. Because you will take fewer risks when you start with a small amount.
Then the demo account section. Undoubtedly, it is the finest feature for traders to test the trading strategy. Note that Binary.com allows traders to enjoy an unlimited demo trading facility.
Amazing, right?
Like this, there are many notable features that you will get while trading with binary.com. Only because they don’t have any scam footprints, traders from almost 194 countries safely execute trades with the binary.com platform. In other words, this online broker has served over one million traders worldwide.
In terms of rating this broker, our team gives it 8 out of 10.
As a second choice, the team selected the Deriv platform. Deriv is the rebranding of binary.com. So, you will get everything on the same plate with a better decoration. That means the platform offers everything identical to binary.com but with other new features.
Let’s find out what this broker offers and what makes this platform outstanding from the other.
Note that the platform holds the same regulatory information if we start from the regulation part. The regulatory bodies work as watchdogs to ensure that the broker does not behave illegally or unethically with traders.
Before branding as Deriv, the platform focused on new innovation and customer satisfaction for 20 years as binary.com. But in 2020, the team suddenly decided to relaunch a new brand with a new target.
At the same time, as an online trading platform, Deriv allows users to trade the way they see fit with customizable charts and tools. The asset basket is somewhat limited, particularly when compared to the “big boys” of the industry
We never got tired of mentioning all the features of Deriv in our review, including the overview of the platform. From the review, you will also be able to determine which account types are suitable for you. That is because not every account type is ideal or recommended for everyone.
So, it is wise for you to have a quick look so that this particular article could add more value to your basket.
About the trading instrument, our market research and trader’s feedback showed that the synthetic indices market got the highest response from traders. The best part is that these indices are available to trade 24/7. Additionally, these are not affected by regular market hours, global events, or market or liquidity risks.
From the deposit amount, each and every portion of this broker is undoubtedly the most delicate piece for beginners. The minimum deposit starts from $5. Though it is not different from the binary.com broker but definitely a modernized trading powerhouse.
Moreover, you are welcome to open your deal using a demo account with zero knowledge. Consider the resource part as your trading guru.
We have seen some unfavorable reviews about the withdrawal option. But the most hyped website Trustpilot came up with an excellent review rating on the deriv. Even this broker exceeded our expectations in every respect.
In our expert opinion, traders should review the broker’s terms and conditions. However, the page is not a comic book to enjoy but will get all vital information that could protect you from making mistakes.
In terms of rating this broker, our team gives it 9.5 out of 10.
Maybe you will find a microscopic number of traders who do not know what IQ option is.
Yes, it is a fact, not our sentiment.
We could scale this broker to the top, but the other two are somewhat favored due to their super service.
But it does not mean IQ Option is just a new platform to trade. Furthermore, it is a binary broker that has been around for decades and serves over 48 million traders in over 100 countries.
True, it’s a giant! IQ Option is the fastest-growing trading platform.
Let’s see what we can bring for you.
Initially, the broker focused exclusively on binary options. In order to avoid regulatory issues and scam activities, the broker has now rebranded itself as an options and CFDs broker.
The platform is regulated and won multiple prestigious awards for its tremendous work. As I recall, our team spent the most amount of time researching this broker because of the scam prints.
However, they have recently updated their services and have made it suitable for beginners as well as experts.
The outstanding part is that our extensive IQ Option review will give you a solid idea about the broker. However, even though the platform is user-friendly, novice traders often seek guidance before executing a trade.
In our review, you will find everything you want related to the broker with proper instruction.
So, bounce and read the IQ Option review before finishing this one. As with the other brokers, the deposit amount is also minimal, which is convenient for new traders.
I was screaming with joy after seeing the trading assets list. The platform allows you to trade multiple trading instruments with the highest return percentage.
Day trading or options trading is suitable for traders who want to generate quick money, so the highest return percentage is promising.
The platform is constantly being tested by our experts for any flaws. Sadly, we haven’t been able to find any as of yet.
And about the broker’s legitimacy, we ensure that your money is handled professionally and ethically.
Lastly, about demo trading, hope you have already learned the importance of operating a demo account before playing with real money.
So, I am not going to put extra effort into this issue. You might be interested in reading this article about demo accounts and their benefits if you’d like to find out more.
In terms of rating this broker, our team gives it 7 out of 10.
Our fourth pick is the binarycent broker, which newly stepped into the financial market. The broker mainly focuses on cent trading. That means a trader can trade from 10 cents.
Compared to the other three brokers, binarycent is a comparatively new broker with no regulatory framework. So, apparently, you can’t say this broker is legitimate. Fortunately, we found something mesmerizing about this broker, and that’s why this platform is on our list.
The first pick is the deposit amount, which is surprisingly high for new traders. So, ultimately, this broker is the best option for professionals who have experience in minimizing trading risk. So, if you are new, please save your hands before playing with the fire.
The platform is quite user-friendly, with many tools and charts. Using the right tool and strategy, you can make each trade profitable. But don’t forget that the risk of losing your money is significant.
The review that we got from Trustpilot is inferior. Therefore, we decided to follow some experts who have their own opinions on Binarycent. Several reviewers assert that it is not a scam broker and that you can also generate income if you have strong control over the trading market.
Our experts also nailed it. We tried both short-term and long-term trading using this platform. Amazingly, the short-term trading decision was the most promising so far.
And about withdrawing money, yes, we have done it successfully. So, you can consider it as a trustworthy broker. Additionally, the customer support team is super responsive.
But from my prior experience, I always advise traders to check the rules or terms section thoroughly before opening an account. Because for a single wrong move, you could lose your account permanently.
Another exciting part is that the broker allows traders to automate trading using bots. Our expert trading team made three successful trades among five using the Binbot Pro robot.
We never recommend our traders to fully automate their trading. Take some time to analyze the market manually and combine that with a trading bot.
The overall experience with this broker was good, and from our end, the rating is 7.5 out of 10.
We will conclude this discussion with an overview of Olymp Trade. This broker platform is our last pick for its updated features and trustworthy manner.
With their impeccable service, this is another platform that has already covered so far 194 countries.
The seamless trading platform is not the only reason the trading broker has gained the trust of millions of traders. So, in this article, we will see what they have done in previous years to make them stand out from the rest.
If you go through their website, you will find impressive numbers. But these numbers are not enough for you to decide you should go with this broker.
Just like Binarycent, Olymp Trade is also a category A member of the Financial Commission. They are not regulated, but the quality of the platform’s trade execution is certified by the company. So, if you’re looking for perfect legal documents, then maybe you’re not in the right place.
Our Olymp Trade review has already disclosed many facts that a trader should know before opening an account. These facts are significant to understand since no one wants to throw their money into the trash bin.
So, we will request you all to read the Olymp Trade review article before taking any trading decision.
The global review is entirely satisfactory, as is ours. As a binary and forex broker, they tried to make their platform user-friendly so that anyone can trade with minimal trading knowledge. So, the broker is highly suitable for new traders.
Our team of experts found several complaints regarding the withdrawal process. In our opinion, traders confront this because of their lack of basic information. Olymp Trade doesn’t allow traders to withdraw money without verifying the account.
However, account verification is not always necessary, but if so, they will send you the guideline via email.
On the other hand, we suggest that; please use all valid information while opening an account. It is crucial, as faking with brokers can harm you in the long run.
Over the last couple of years, the broker came up with new updates. They have included new assets on the platform and enhanced their chart section. Even we got buzzes that the demo account feature is way better than the MetaTrader platform. But we do not entirely agree with this because professional traders still prefer Metatrader.
During their seven years of service, they always focused on customer reviews. Recently they brought a new instrument, Quickler, a perfect solution for many traders.
Still, we are not sure about the profitability of this instrument, but we think that it will enable users to think and take control of their trading activity.
Our experience with this broker was good but for short-term trading. So, the rating will be 7 out of 10.
Finding a perfect broker is hard. You have to accept scars but don’t let them wound you the most. So, check whether or not the imperfection is acceptable in trading.
Like other trading types or classes, binary options are not permitted in all countries. As a result, the platforms are limited if you want everything under one roof.
Hope this article will guide you and help you to pick the right one.
This post was last modified on January 22, 2023 11:35 am