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Author: Robert Sammut
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Robert Sammut

Compare Options Brokers

If you are looking for the chance to trade binary options in an environment that is carefully designed to make trading both intuitive and profitable, look no further. In today's world of advanced technology, there are now more brokers than ever before, all competing to offer you the best trading experience.

The benefit of the broker is that they help you to maximise your trading goals. Whether you want to operate on the go using a mobile device, get bonuses for trading large volumes or learn how to trade with their education centres, they are all competing to offer a better service than their competitors, and this is good news for you.

The trouble is which one do you choose? How do you tell the reliable ones from the scams and which one is going to offer you the best returns? Our job is to help make the process of choosing a trading partner an easy one. We review every broker to ensure that we are bringing you the best.

Top Rated Options Sites

#1 - Pocket Option: Best Overall

Pocket Option Logo
9.8
Superb
Bonus Up-to $2000 Assets 130+
Min. Trade $1 *Payout % 92.76%
Over 130+ assets to trade now
Instant access to social trading
Single account option, for everyone
Tournament with prize of $50,000
IFMRRC is not an official regulator
Limited account funding methods
Deposit Methods
AMEX Bitcoin Neteller Skrill
131 visited this site today
Pocket Option Review

Editors Summary

Pocket Option offers many excellent features to new and existing traders. When you check-out the various account types, you will see that they work with traders of any level – newbie, beginner, experienced, master etc. This site is so easy to use, and while CySEC does not license them, they have good feedback online and tick all of the boxes of a trusted broker. We love the ease of use and no-frills approach which is replicated with a great user experience.

#2 - Binarycent: Best Free Demo

Binarycent Logo
9.3
Excellent
Bonus Up-to $1600 Assets 150+
Min. Trade $1 *Payout % 91.48%
Over 150+ assets to trade now
Bespoke platform for PC and mobile
Low min deposit of $0.10 per trade
Great support in multiple languages
Platform not suited to pro traders
No free demo account option
Deposit Methods
AMEX Bitcoin Klarna Neteller
79 visited this site today
Binarycent Review

Editors Summary

Binarycent, while a relatively new broker, tick all of the boxes when it comes to trading. They are competitive and offer all of the things that you would expect. Benefits include an excellent mobile trading platform, welcome and deposit bonuses and a good support system. There are phone numbers available in many languages, alternatively, you can send a message with your details, and someone will get back to you.

#3 - Raceoption: Best Mobile App

Raceoption Logo
9.1
Very Good
Bonus Up-to $1000 Assets 140+
Min. Trade $1 *Payout % 89.72%
Over 140+ assets to trade now
Account options for every trader
Trading available 7 days a week
Super-fast 1 day withdrawals
Demo account requires $250 deposit
UK-based, but licensed offshore
Deposit Methods
Visa AMEX Bitcoin PaySafeCard
45 visited this site today
Raceoption Review

Editors Summary

It is clear to see that Raceoption mean business and that their all-around offering to traders is making them a serious competitor in the binary options market place. From their easy to use trading platform to the fact that they offer such good withdrawal terms, you can't help but feel that this broker is going to experience a lot of growth, quickly. With a base in London, reputable licensing, an acceptance of US customers they tick all the boxes when it comes what traders want.

Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Binary Broker Features

Top Sites

There are so many features of a binary options broker that we could be here all day explaining them all. Here are some of the top features that you should look out for when making your decision:

Licensing And Regulation

Licensing is often a priority for many traders. You need to know when selecting your platform, that they are a genuine business and that your money is going to be safe. There are some key things to look out to determine whether you can trust a broker. Always look for their licensing information, if CySEC licenses them this is a good indication of a reputable company.

You can also look at online reviews to see the various feedback. In addition to this, you can be confident in the knowledge that we only recommend the best brokers that are both safe and reputable.

The Demo Account

What is a demo account and how does it work? Well, this feature allows you to test a platform before committing any of your own money. Usually, you will be credited with $10,000 as an example. Now, this is not real money but virtual funds. You then use this money to practise trading on the platform. You are not placing live trades; this is a simulation of live trading to help you understand the various features and functions and what it feels and looks like to trade.

Usually, there is a restriction about how long you have to use the demo platform. Then if you like it, you can deposit your own money and trade for real or get someone else to via a managed account.

Good Payouts

Quality Payouts are absolutely a consideration when choosing a broker site. You want to make sure that you are maximising your potential earnings. All these firms offer a range of payouts, some much higher than others. Some look too good to be true (and often they can be), and some seem lower than average. We give you the relevant information to assist you in making your decision.

Bonus And Welcome Deals

Todays Top Traders
Trader Broker Asset Profit

The bonuses and incentives offered can be a deal breaker for many. Most people love getting something for nothing and the more attractive the offer, the more you may feel drawn to that particular broker. The bonuses offered vary significantly from broker to broker, and other features of the platform should be taken into account. Ultimately to stay competitive and win their share of the market, some bonuses can be very generous.

Most brokers think nothing of offering a 100% match deposit bonus as a reward for you depositing your cash. There are criteria you need to be aware of though. A bonus may seem like free money, but you must understand that it cannot be withdrawn the minute it is rewarded. Some companies stipulate that you must trade the bonus cash a certain number of times before it can be withdrawn.

If you are new to trading look out for no deposit bonuses. This type of reward means that you can sign up to an account and get a gift without risking your funds. Only use the bonus to practise and get the hang of trading before you decide to deposit your funds. Used in conjunction with a demo account, a no deposit bonus can allow you to get to grips with the features of the platform and trading before you encounter any risk at all.

What Makes a Great Broker

From the payouts that they offer to the format of their trading platform, you should be looking for brokers that provide an excellent all-around package. They may not give the best bonuses, but their payouts more than make up for it. Their site may not have all the bells and whistles, but does it provid everything else you need. Let's take a look at the key things that make a good broker:

  • An intuitive website that is easy to navigate
  • A site that is mobile-friendly, enabling you to trade on the go
  • Good payouts that aren't too high that they look too good to be true
  • A good demo platform that allows you to get used to the site before trading your funds
  • Good bonuses and loyalty rewards
  • Education tools to help you become a better trader
  • An easily accessible customer support service
  • Licensing and regulation from a recognised body

Another important thing to check is customer service. There is nothing more frustrating than not being able to reach a customer support advisor when you have a question or an issue with whatever product or service you are using and binary options trading is no exception.

You should be able to reach customer support by live chat, telephone or e-mail to make the best of your trading experience. If you find it difficult to get hold of someone to answer your query you are likely to go elsewhere.

The benefit of the broker is that they help you to maximise your trading goals.

We Find The Best Brokers

Our job is to find the best broker sites and present them to you with all of the facts. To do this our team of experts trawl the world wide web looking for only the best binary options brokers and check them out. Now when we say "check them out" we mean putting them through their paces, and that means all types, even Forex platforms and CFD brokers.

As experienced and successful traders ourselves, we spend time trading on the multiple platforms, making sure that every broker complies with a list of criteria. The requirements include everything from welcome bonuses to licensing and regulation, in addition to the payouts and whether they have a good customer support system.

It is imperative to us that you get the best trading experience possible and therefore we only put our name to brokers that we know are excellent. They must be trustworthy, and they must offer a superior trading experience. They may not be as good in some areas as they are in others, but every trader has different requirements. We just put the information in front of you in a format that is easy to digest and that allows you to make the most informed decision.

Our Review Rating System (More Info)

10% 10% 10% 15% 15% 20% 20% Pie Core
  • Account Types
  • Banking & Payouts
  • Bonuses & Promotions
  • Mobile Trading
  • Trade Types
  • Special Features
  • Customer Support
Expert Reviews

Frequently Asked Questions

FAQ

Is options trading regulated and safe?

The key is to choose a company that is licensed by a reputable source like CySEC; this licensing is safe and approved and means that your broker will be reliable.

Can I trade without downloading software?

Yes, in most cases merely log in and trade. If you wish to conduct automatic trades, then you will need to download binary options robot software.

Do I need to start trading with real money?

No, many now offer demo accounts where you can sign up and trade with virtual money before risking your own money. This virtual account is sometimes only available for a limited amount of time, like 48 hours.

How do I make deposits and withdrawals?

Most brokers accept major debit and credit cards like Visa and Mastercard as well as other widely used payment methods like PayPal. When withdrawing funds, it is usual for the funds to go back to the same payment method as the initial deposit.

What is a binary broker welcome bonus?

The bonus varies from but is usually a percentage of the initial deposit. Some offer a no deposit welcome bonus which allows the trader the opportunity to trade with the bonus before they use their own money.

Top Rated Options Site

#1 - Pocket Option: Best Overall

Pocket Option Logo
9.8
Superb
Bonus Up-to $2000 Assets 130+
Min. Trade $1 *Payout % 92.76%
Over 130+ assets to trade now
Instant access to social trading
Single account option, for everyone
Tournament with prize of $50,000
IFMRRC is not an official regulator
Limited account funding methods
Deposit Methods
Visa AMEX Bitcoin Klarna
137 visited this site today
Pocket Option Review
Risk Warning / Ad Disclosure

Risk Warning: The products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad Disclosure: Some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Meet The Author
Robert Sammut
Robert Sammut
Trading Coach

Robert has consulted for our website for five years and is a well-established member of the team. While he is passionate about the site, most of Robert’s time is focused on his current position as CEO of a professional coaching company.

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