If this is your first step toward binary options trading, it is crucial to look for the best online trading platform. There are many binary options platform providers in the market. However, not all offer top-class services.
Since we want you to have the best trading experience, we will tell you how you can find the best binary option platform providers for yourself.
Our recommendation: Pick the best broker for binary trading!
Broker: | Review: | Advantages: | Sign up: |
1. Quotex  |
| Live account from $ 10 (Risk warning: Your capital can be at risk) | |
2. IQ Option  |
| Live account from $ 10 (Risk warning: Your capital can be at risk) | |
3. Pocket Option  |
| Live account from $ 10 (Risk warning: Your capital can be at risk) |
Things to remember while picking the best binary options platform provider
If you are an advanced trader, you might know the things to look for in a broker. However, beginners struggle with the task of finding the best trading platform.
Some things you should consider to choosing the best binary options broker include:
Search on google
There is almost nothing that google cannot help you with these days. If you are on a hunt for the best binary options platform provider, typing it in the Google search engine is all that’s necessary.
Click here to search on google for the best brokers!
In doing so, Google search results will show you some of the top binary options brokers. The most common and widely loved online trading platforms are IQ Option, Quotex, and Pocket Option.
Before picking one binary options broker, you should check for their ratings and reviews. Again, Google will provide you with all this information within a few clicks of the mouse. You must sign up with only the best brokers to make your trading experience the best.
Some highly-rated binary option platform providers include IQ Option, Pocket Option, and Quotex. These trading platforms offer an easy user interface with all the modern tools.
Besides this, a trader should also check the reviews on various trader forums. The trader forums and trading communities offer honest reviews about many trading platforms.
(Risk warning: your capital can be at risk)
Regulation of the binary trading platform
After doing your Google research about the binary broker, you can check for their regulation. An online trading platform should be accountable and reliable to save itself a spot among the top brokers.
If you follow the footsteps of a professional trader, you will never miss out on checking the broker’s regulations. Failing to do so will jeopardize your investment.
A well-regulated broker is answerable to the regulatory authority overseeing its functions. Without a regulatory body, it becomes difficult to hold the broker accountable. It also increases the risk of losing your money.
Therefore, a trader should make it a priority to check for the broker’s regulation. Some of the best binary options platform providers are well-regulated. For example, IFMRRC oversees the functioning of Pocket Option and Quotex.
(Risk warning: your capital can be at risk)
Available trading assets
The number of assets that binary options platform providers offer you also matters while selecting a broker. The larger the number of trading assets a broker provides, the larger the scope of diversifying your investment.
Before choosing a broker, you should check for the number of assets and the access to different markets offered by brokers. Some established and well-regulated online trading platforms lets you access over a hundred assets.
Trading platforms like IQ Option, Pocket Option, and Quotex offer numerous assets. You can access and trade binary options on these online trading platforms after signing up with them.
(Risk warning: your capital can be at risk)
Demo account on the Binary Options platform
Choosing the best binary options platform providers gets easy using the demo trading account. Signing up for a demo trading account will help you experience the features offered by the broker.
It will also help you know your understanding of the basic trading knowledge. Using the demo account, you will be able to enhance and improvise your trading skills.
Almost all the binary options brokers offer you the advantage of learning through a demo trading account. Trading on the demo account will help you know what it will be like to trade on a live trading account.
The best binary options platform providers allow you to access similar features in the demo account as offered in the live trading account. IQ Option and Quotex are leading online trading platforms that let users enhance their trading knowledge through demo trading accounts. Even Pocket Option offers a demo trading account to its users with all the modern features.
You can sign up for multiple demo trading accounts with the brokers and pick the best one.
(Risk warning: your capital can be at risk)
Trading tools and indicators
Once you have decided to sign up for a demo account, you should pay attention to the trading tools and indicators offered by the broker. If you don’t wish to sign up for multiple demo trading accounts, you can check the features provided by the brokers on Google.
The best brokers offer you the best trading features. Trading tools and indicators are a part of the features of an online trading platform. All leading online trading platforms provide you with the most used trading tools and indicators.
Trading tools and indicators are crucial to allow you to conduct a thorough technical analysis. Using this technical analysis, you will be able to make the most accurate trading decisions.
Some of the common trading indicators all leading online trading platforms offer to users include:
- Relative strength index
- Bollinger bands
- Moving average
- Moving average convergence divergence
- Alligator
- The stochastic oscillator, and
- Exponential moving average
IQ Option, Pocket Option, and Quotex are some online trading platforms that let traders use these trading indicators. These online trading platforms ensure to incorporate all the modern features to enhance the users’ trading experience. These modern features place them in the list of best binary options brokers.
Our recommendation: Pick the best broker for binary trading!
Broker: | Review: | Advantages: | Sign up: |
1. Quotex |
| Live account from $ 10 (Risk warning: Your capital can be at risk) | |
2. IQ Option |
| Live account from $ 10 (Risk warning: Your capital can be at risk) | |
3. Pocket Option |
| Live account from $ 10 (Risk warning: Your capital can be at risk) |
Payout – Return on profit for Binary Options
You would like to sign up with a broker offering you the maximum payout percentage. The best binary options platform providers give the best payout percentage to their users.
Some top-rated online trading platforms like IQ Option and Quotex offer their users maximum payouts of up to 95%. It is every trader’s dream to fetch such high payouts. Binary options trading platforms like Pocket Option help the traders fulfill this dream.
The minimum deposit on the binary options platform
A trader should also consider the minimum deposit amount while signing up with a binary options broker. The best brokers have a low minimum deposit amount. Usually, these brokers also offer different account types to the traders. The traders can choose to sign up for a particular account type based on their experience and expertise.
The minimum deposit amount varies for different account types. The basic trading account has the lowest minimum deposit value. If it is your first time trading with binary options, you can choose a broker with a low minimum deposit.
You can start trading binary options on IQ Option by funding your trading account with only $10. The minimum deposit amount is similar for Quotex. Pocket Option allows its users to start binary options trading at $50. These leading online trading platforms offer you a very low minimum deposit amount compared to other brokers in the market.
(Risk warning: your capital can be at risk)
Funding and withdrawal methods
A trader should not skip checking the brokers’ funding and withdrawal methods. Checking for the payment methods offered by the brokers will let you find whether it is convenient to trade with them.
Multiple payment methods are like a blessing for the traders. They save you from the possibility of missing out on some important trades. The best binary options platform providers ensure that the users do not face any inconvenience while trading with them. They offer the users numerous payment methods for this purpose.
Funding your account through credit cards, debit cards, and bank transfers are the typical methods. In addition to this, some brokers allow you to use Cryptocurrency and electronic wallets to deposit and withdraw funds.
Investors get drawn towards online trading platforms such as Quotex and Pocket Option because of trading convenience. IQ Option also allows its clients to choose a payment method according to their convenience.
Mobile application – Can you trade per app?
If missing out on significant trades is not in your mind, you should be able to trade on the go with an app. A mobile application is the best way to let yourself trade on the move. Most online trading platforms have a mobile application, which you can download into your phone.
A mobile application is one characteristic feature of the best binary options platform providers. The best brokers like Quotex, Pocket Option, and IQ Option have mobile applications.
Conclusion:
Picking out the best broker among the herd can be a challenging job. However, the task gets easier when a trader knows about things to look for in a broker. This binary options platform provider choosing guide will let you pick the best broker for trading binary options.
Keeping these points in mind while doing your research will allow you to come up with the most accurate results. Based on this guide, you can choose a broker that will give you the best trading experience.
Binary options trading comes with plenty of opportunities for the traders. However, you can realize these opportunities only if you are trading with the best and the most legitimate online trading platform.
Making a lot of money by trading binary options is possible, but only if you choose the right broker.
(Risk warning: your capital can be at risk)
