This page contains a quick review of the leading binary options websites on the market today. Find the important info about each broker here and then click through to read a more detailed review of the binary option broker.
- 24Option – top rated international broker. Techfinancials platform.
- Marketsworld – top rated USA friendly broker
- Finmax – top rated broker with high returns
Rest easy knowing that we constantly work to keep our recommended list of binary options brokers to a minimum of the absolute best places to trade online in 2015. There are hundreds of brokers and trading sites out there but there are fewer than a dozen that we would ever recommend anyone make a deposit at.
Reviews, Ratings & Rankings
24Option – (www.24option.com) Offering the highest average payouts for FOREX binary options, 24Option is a broker that almost all active traders will have an account with. They are one of the largest and most popular trading sites worldwide. They have options that expire as fast as one minute and up to 1 hour. They are also the broker with the widest selection of binary options types to trade. They offer more than just the up or down options. You can trade ‘touch and no touch options here (aka ‘one touch) as well as the Boundary options, as well as the ‘above/below’ exotics that offer payouts up to 310%! I’ve written a bit more about 24option here as this is a site I’ve traded at a good bit.
MarketsWorld – MarketsWorld (www.marketsworld.com) – 100% free demo account for all traders with no deposit needed. USA traders are accepted. $20 minimum deposit and a 100% deposit bonus offer for new traders make this one of our top rated binary option brokers. Trade as fast as 60 second options and minimum trades of $1.00. Uses a proprietary trading platform called TradeSmarter. Regulated, licensed and legit. This binary broker is regulated by the Isle of Man (the UK) and keeps all traders deposits in segregated accounts.
CherryTrade – (www.cherrytrade.com) – CherryTrade is a relatively young but extremely reputable binary option broker. Traders of all shapes and sizes call CherryTrade home and they do accept US traders. Utilizing the spotoption platform this broker shines through quality of customer service, transparency, ease of payments and track record of exceptional customer service. You can feel confident opening an account at CherryTrade. US clients allowed.
OptionFair (www.optionfair.com) – Top rated across many categories is OptionFair. A leading binary option broker known for being fair, transparent and reputable. Sure these are common features among the brokers we feature but they are not common in the binary option industry. Start out with a $250 deposit and $10 minimum trades. Up to a 100% deposit bonus match.
TopOption– (www.topoption.com) – Known by their big (ok huge) brother Markets.com in the forex industry, TopOption is the binary option brand equivalent. They are backed by serious money and offer traders just about the safest binary option experience possible. Fully CYSEC regulated means no US traders. Big traders trade here so jump on board of one of todays best all around binary option brokers. $100 minimum deposit and $10 minimum trades.
StockPair – (www.stockpair.com) Best known for offering ‘stock vs stock’ trades. Think ‘google’ vs ‘apple’ and then trading on the ratio between the two. It is an exciting way to bet on stocks against one another. They have the widest range of stocks to trade from including names like FedEx, Facebook, FedEX, DELL Inc, Coca-Cola and many others. The minimum deposit is only $200 USD. The reputation of StockPair.com is excellent as well with traders reporting fair trades and only minor complaints. They are the leader in the pair options trading that is growing in popularity. One interesting thing that StockPair does is they offer the really high rollers incentives such as monthly cash back if they meet certain volumes. They also increase your exposure limits, but most brokers do that as well.
A “Secret” Tip To Get Unadvertised Bonuses
I’m about to share a binary option broker secret with you. You can get un-advertised bonuses by following these steps precisely at any of the above binary option brokers.
- Create an account at the broker of choice above. Just visit the link to their website above and create your account. DO NOT DEPOSIT and make sure you use your REAL INFO
- Contact the broker on the phone or via live customer chat. Let them know you have just signed up but have not yet deposited yet. Let them know you are interested in making your first real money deposit and want to see what kind of incentives they can offer
This “secret” only works if you do things in this order. If you make a deposit before asking for a deposit bonus it is too late. What you do is create a real account and show them you are a real legit person who is willing to invest their money and are just trying to maximize their potential return. You have the leverage in the conversation at this point as you still have your money safely in your wallet. Ask for the best deals and be honest about the investment you want to make. The broker wants your business and will make sure you are aware of all the current promotions available as well as the un-advertised bonus offer reserved for those who go the extra mile to search it out.
If you are finding out about this secret a little to late, such as after you’ve already made your deposit, do not worry. Many brokers will offer re-deposit bonuses. It may not be as good as that very first deposit offer they will make to a brand new trader but it should give you more play on your trading capital.
A Warning About Bonuses
The bonuses come with strings attached. There are plenty of terms and conditions that you must agree to in order to get the bonus offers, even the secret bonus offers discussed above. Before accepting any bonus offer, even over the phone and via live chat make sure you read and print and copy of the terms and conditions, AND THAT YOU ACCEPT THEM. I can promise you that many traders before you have happily accepted deposit bonuses without even reading three sentences of what they are agreeing to. Read the t’s and c’s closely. Decide if taking a bonus is for you. Often times it is way easier just to refuse any bonuses and trade with your own money straight up.
Personally, I enjoy the extra trading funds available to me by taking a bonus and I am only investing money I can safely afford to lose. If you do the same, you should be good to go trading binary options at the short list of binary options websites listed above.
A lot of our choices of brokers come from the trader based binary option broker review site here.