The premise behind a binary option is a simple yes or no proposition: Will an underlying asset be above a certain price at a certain time?
Binary options are financial options that come with one of two payoff options: a fixed amount or nothing at all. That’s why they are called binary options—because there is no other settlement possible.
In this article, we explore the 27 best binary trading platforms that grant traders access to this unique financial instrument, allowing you to diversify your portfolio and take your trading to the next level.
Here are our 10 Best Binary Trading Platforms.
Let’s get started with the full breakdown of the Best Binary Trading Platforms.
Rated #247 of Recommended FX Brokers.
Regulated by major regulatory organizations including CySEC, IQ Option focuses on making CFD and Options trading accessible and exciting for traders.
An award-winning browser-based platform and connected apps; this accessible software changed the way options trading is done online.
With accessible accounts with 10 USD minimum deposits, video education material, and 24/7 customer service, any Forex trader who is also interested in binary options trading on the same account, should consider IQ Option as their brokerage.
Pros and Cons.
✔️PROS ❌CONS Well regulated Certain countries restricted Excellent interface Low minimum deposit requirement.
Feature Information Regulation CySEC Minimum deposit from US Dollar 10 Commissions from None Deposit/Withdrawal Fees US Dollar 31 Bonuses Non Customer Support 24/5.
Rated #241 of Recommended FX Brokers.
ExpertOption is an online trading platform that offers over 100 different financial assets to trade including currencies, stocks, commodities, and cryptocurrencies.
Located in Port Vila, Vanuatu, ExpertOption is regulated by the Vanuatu Financial Services Commission with license number 15014.
This broker has been around since 2014 and has over 13 million accounts opened since that time. With over 100 account managers, ExpertOption is one of the most popular and well-known trading platforms available.
Unlike other brokers that use turnkey platforms such as TechFinancials or SpotOption, ExpertOption developed its own custom platform to cater to the needs of its clients.
Lightning-fast execution, accurate price feeds, and weekend trading are all advantages of the ExpertOption platform.
Pros and Cons.
✔️PROS ❌CONS Advanced trading platform Lax regulation Wide range of instruments Short-term options.
Feature Information Regulation SVGFSA Minimum deposit from US Dollar 10 Commissions from 5% Deposit/Withdrawal Fees US Dollar 31 Bonuses 100% Deposit Match Customer Support 24/5.
Rated #– of Recommended FX Brokers.
Olymp Trade is one of the most popular online brokers in the industry, with over 25,000 clients currently trading on its platform every day.
Olymp Trade has been operational since 2014, and the firm has a reputation for continuing to improve its trading platform with each successive year.
As one of the more popular brokers on the market, Olymp Trade offers an easy user interface, great customer service, forex robot software torrent and plenty of options to learn how the markets work.
Pros and forex robot scam Cons.
✔️PROS ❌CONS Excellent customer support Lax regulation User-friendly trading platform No social trading Relatively low minimum deposit.
Feature Information Regulation None Minimum deposit from US Dollar 10 Commissions from 0.00400% Deposit/Withdrawal Fees None Bonuses US Dollar 30 Welcome Bonus Customer Support 24/5.
Rated #430 of Recommended FX Brokers.
No Trading Desk.
HighLow has earned a reputation among binary traders in the online trading community as being one of the few brokers that are trustworthy and transparent.
While the bulk of the binary options brokers around the world have opted to shift their operations to a tax haven country in the Caribbean, HighLow has chosen to remain in Australia under the jurisdiction of ASIC.
For access to the financial markets, HighLow has opted to adopt the white-labeled trading platform provided by Markets Pulse.
While the trading platform does not have as many features as the popular SpotOption binary trading platform, it is well designed to suit the needs of traders who are just beginning to take up online trading.
The trading platform allows its users to trade the binary options market with 5 different types of options contracts namely High/Low options, High/Low spreads, Turbo options and Turbo spreads options.
Pros and the best forex trading robot Cons.
✔️PROS ❌CONS Well regulated Demo account available High payouts.
Feature Information Regulation ASIC Minimum deposit from US Dollar 50 Commissions from None Deposit/Withdrawal Fees None Bonuses US Dollar 50 Cashback sign up bonus Customer Support 24/5.
Created by a team of highly experienced software developers in 2014, OptionRobot.com is an automated binary options trading software.
This kind of clever technology is built to help traders, by identifying and monitoring trading opportunities and then actually trading on the users’ behalf. It’s a particularly good product for newbie traders, who can learn to trade while watching the software work.
But it also has a place for more experienced traders too, who might not be a master of a diverse range of different assets, but still want to trade them.
This trading software is one of the leading trading robots in the industry and gives traders the choice of connecting to a selected number of binary options brokers.
While most binary options trading robots thrive on marketing hype, Option Robot is different as it relies solely on its ability to use popular technical indicators and proven trading strategies to produce favorable trading results.
Pros and Cons.
✔️PROS ❌CONS Demo account available No verified trading results Free software Limited customer support High winning ratio.
Feature Information Regulation None Minimum deposit from None Commissions from None Deposit/Withdrawal Fees None Bonuses None Customer Support 24/5.
Ayrex is a binary options broker in 2014 and operated by Advanced Binary Technologies Ltd.
Its main office is located in St. Kitts and Nevis. Ayrex accepts traders from around the globe but does not serve traders in the United States, Iraq, Iran, North Korea, Syria, and several other countries.
Ayrex offers its clients many possibilities for binary options trading. In addition to offering a wide range of currency pairs to trade, in the summer of 2016, the broker increased its offerings by adding 35 stocks to its list of tradable assets.
Trading is available on the broker’s web-based platform and its Android and iOS mobile applications.
Pros and Cons.
✔️PROS ❌CONS Automatic withdrawals Not currently regulated More than 60 assets to trade High payouts.
Feature Information Regulation None (CySEC pending) Minimum deposit from 25 USD/EUR Commissions from None Deposit/Withdrawal Fees None Bonuses 30% Deposit Bonus Customer Support 24/5.
Cryptorobot365 is yet another Seychelles-based binary trading broker. It mainly deals with cryptocurrencies. You can trade with Ethereum, Bitcoin, Monero, Litecoin, or Ripple. The platform, unlike the others, is quite straightforward.
You just buy the cryptocurrency of your choice under speculation that it will appreciate at price. The platform is an automatic platform. It monitors the trends in the cryptocurrency market and sells or buys cryptocurrency on your behalf to help you make profits.
Pros and Cons.
✔️PROS ❌CONS Advanced trading tools No extra trading fees Fast payouts.
Feature Information Regulation None Minimum deposit from US Dollar 1000 Commissions from None Deposit/Withdrawal Fees None Bonuses 30% Deposit Bonus Customer Support 24/5.
Binaryrobot365 is yet another robot-based binary options broker. Instead of you monitoring the markets, yet set the ideal market conditions and let the robot make the trade when it detects them.
Binaryrobot365 claims to register up to a 90% win rate among its traders. It is a great platform for novice traders to try their hands in binary trading. Binaryrobot365 is one of the best binary options brokers in India.
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