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There are more than one thousand online platform providers for trading binary options, but only a few of them can be included in the list of most reputable binary options brokers. You need to work with legitimate brokers with the best of reputation in order to avoid scams, earn profits and achieve your financial goals. It is, therefore, essential that you spend some time and effort so that you can carefully choose right binary options broker to work with.
Regulation is an important factor to be taken into consideration when choosing a broker with the countries around the world in the process of setting up legal framework for regulating the binary options market. However, this is not the only factor to be considered. You should also determine as to whether they are reputable and legitimate.
This is because you will come across un-reputable platforms with regulatory approval and reputable brokers without regulatory approval. Further, there are some other aspects as detailed below are also to be considered:. Does the broker disburse payouts consistently on a timely manner?
You should never deposit funds with a platform provider that has a history of irregular payouts. Are the returns offered competitive? You should never invest your hard earned money if the returns promised are not the best in the industry. It is, therefore important to identify a few of the most reputable binary options brokers and compare the returns offered by them. You can then choose to work with one that pays the best returns.
What types of binary trades does the broker provide to you? If you want to trade other types of binary options such as the One Touch or the Range, then you may have to find brokers that provide such options.
What types of assets are made available for trading by the broker? Some binary options brokers offer more assets than others. You should go through the list of assets offered by the shortlisted brokers and choose broker that offers the assets that you want to trade in. Typically, the selected broker should be offering assets from all asset classes like stocks, currencies, commodities and indices from around the world.
Does the platform provider offer the services of a Personal Account Manager to account holders? If you want someone to walk you through your trades or discuss your trades, then you must choose one that offers those services. For example, 24option offers the services of personal account managers.
Irrespective of whether you are a newbie or not, you are provided with the services of an account manager who will work with you. Keeping all of the points discussed above in mind we have shortlisted a few of the most reputable binary options brokers so that you can start your research and quickly choose a broker that best suits your needs.
Here are some details about five of the most reputable binary options brokers to work with in The financial products offered by the company carry a high level of risk and can result in the loss of all your funds.
You should never invest money that you cannot afford to lose. IQ Option was established in Proprietary platform that supports multiple languages Demo platform: The company is owned as well as operated by Rodeler Limited. Rodeler is authorized and regulated by the CySEC.
US Traders cannot open an account on 24option platform. TechFiancials platform that supports multiple languages Demo platform: Up to 89 percent Account types: Total Commodities — 11, Currencies — 30, Indices — 19, Stocks — This broker also does not allow US traders to open accounts on their platform. Up to percent Account types: One account only Minimum deposit: Minimum withdrawal amount not specified Asset Index: Total 68 Commodities — 7, Currencies — 13, Indices — 19, Stocks — The privately held investment firm is headquartered in Limassol, Cyprus.
Proprietary platform Demo platform: Available, but can be used only for a limited period after the first deposit Mobile enabled: Up to 88 percent Account types: Total Commodities — 8, Currencies — 25, Indices — 43, Stocks — Anyoption, the binary options trading platform founded in , is operated by Ouroboros Derivatives Trading in Nicosia, Cyprus.
Ouroboros Derivatives Trading obtained its regulatory clearance from Cyprus Securities and Exchange Commission towards the end of Up to 71 percent for in-the-money trades and up to 25 percent for unsuccessful trades Account types: One account Minimum deposit: At least the deposit amount specified for your country; there is a fee to be paid if the withdrawal amount is lower Asset Index: Total Commodities — 4, Currencies — 17, Indices — 27, Stocks — You must be logged in to post a comment.
Further, there are some other aspects as detailed below are also to be considered: Leave a Comment Cancel Reply You must be logged in to post a comment.