Binary Options Brokers

Broker NameMinimum DepositPromotionPayoutAssetsReview
Anyoption$100+Up to 380% During the weekendup to 71%More than 60 assets60+ assetsAnyoption Review
Optionbit$50+Deposit $350 and receives 50$ bonus up to 81%40+ assetsOptionbit Review
Eztrader$100+up to $500 deposit bonus up to 81% 50+ assetsEztrader Review

The recent improvement of the economy has led more people to explore new investment tools such as binary options trading. Binary options are an attractive investment because it pays the highest yield of all fixed return short term investments. It also has a short turnover period so assets can be used for other types of ventures as soon as the contract expires. Moreover, unlike brokers in other financial markets, binary options brokers do not charge commissions.

Yet, choosing the best binary options brokers can be a bit disconcerting especially since there are so many of them available. How do you know which one is for you? Which one is most reputable? Or are they all the same? These are just some of the questions we hope to answer in this article.

First, you need to keep in mind that all binary options brokers offer the same, or at least, similar services. They also have limited assets to choose from and most of them offer the same returns. Despite these, however, there are glaring differences which can actually determine your success or failure in binary options trading.


Here are some things you should consider when looking for binary options brokers:

Assets :

All binary options broker offer limited assets but the choice vary slightly from one to another. Some may offer a list of stocks, commodities, indices and forex, while others may focus on just one or two of these asset types.  It is important that you choose a broker which has a wide enough range of assets which offers appealing contracts.  You may choose to deal with a handful of stocks or 6 to 10 currency pairs, it won’t matter much. What’s important is that you choose a broker which offers the kind of asset that fits your trading style and preferences.


Minimum and maximum investment limits:

Just like in any financial market, it is important that you find a binary options broker which has minimum/maximum investment limits that you are comfortable with. This way, you won’t be risking more money that you are willing to.


Return rate:

In binary options trading, a trader has to predict whether the value of the asset at the expiry date will be higher or lower than the current price. If the trader predicts accurately, then the trader can get a large percentage of profit. However, the exact percentage varies depending on the amount specified by the broker. At present, most binary options brokers offer 65% to 70% returns on investment, but there are quite a few who offer higher rates.


Payback on out of the money:

Typically, binary options are a zero-sum game. If you predict accurately, then you get a profit amounting to 65-70% of your investment, if you lose, then you lose the amount you paid to purchase the contract. Thankfully, there are already some brokers offering payback on out-of-money (or losing) investments. Needless to say, it is best you bank with these brokers since the risk you are taking is much lower in this case.


Security:

Most binary options brokers offer web based platforms for trading. With the case of identity theft online is still increasing it is important that you choose a broker offering a secured trading platform. Look for a platform that has a 128 bit SSL encryption. It is also important that the site is virus tested so you know that no unscrupulous software will be installed on your computer.