Top 5 Best Binary Option Brokers – Ratings & Reviews 2020
Like forex, Binary options also have hundreds of different brokers. Many people want to profit from binary options but concern about the reliability of the current Binary options brokers. If investors who want to make a quick profit without carefully choosing the broker will most likely have to pay the price of their investment or have difficulty withdrawing money later.
However, choosing trusted Binary options is not easy, especially for beginners. So what are the criteria to evaluate the trusted Binary options broker? And which Binary options is the best and most trusted option to invest in 2020? Top 5 Best Binary Option Brokers.
- 1 Criteria for a good Binary Options Broker
- 2 Top 5 – Best Binary Options Brokers 2020
- 3 Conclude
Criteria for a good Binary Options Broker
Like most financial institutions in the world, Binary options brokers must be licensed and strictly supervised by financial committees of countries and banks. However, not all of the Binaryoptions brokers are licensed and many forex markets are currently operating illegally for profiteering and fraudulent, multi-level marketing.
Therefore, the selection of trusted Binary option brokers to open trading accounts is essential and a top priority to protect your assets, as well as avoid future incidents.
Long-term and popular operation in the world
You should choose Binary options brokers with at least 5 years of operation and preferred by the world trader community. The reason is because: If the forex broker is not reputable, there cannot be many people trading and sticking for years, right?
Free demo account for testing
Demo account: help you practice, learn how to trade, determine whether or not you should be confident in trading.
Do not trade on brokers that do not have a demo account. It does not confirm that those brokers are fraudulent but it will certainly help you avoid unforeseen financial problems or risks.
Low minimum deposit
The broker must allow to deposit small amounts (from $10) and each transaction from only $1. To test the quality of Platform, as well as to Test deposit & withdraw before making a large investment.
If you are a new investor, you should only trade with a small amount to avoid risks because you do not have the experience and good trading methods.
Brokers must have withdrawals via Visa/Master Cards, withdrawal via internet banking is the best, there are other withdrawal methods such as Neteler, Skrill, WebMoney, Perfect Money . Especially withdrawal time must be fast.
This will directly affect the outcome of your trading.
When you encounter problems during the deposit process or transaction problems, you will receive the fastest processing instructions to help you. You should choose brokers that can suport 24/7 (online chating).
Based on many different criteria, synthesizing reviews from the world Binary options community as well as practical experience, we have compiled a list of Top 5 trusted and best binary options brokers in 2020.
Top 5 – Best Binary Options Brokers 2020
IQ Option – The Best Binary options broker
IQoption – currently is the binary options broker with the most traders in the world.
The highlight that makes IQ option the best broker today:
Having long operating time (from 2013) and is managed by CySEC, IQ option has a more specialized and professional broker than other binary options brokers, has an App for trading on phones, PC, Laptops and web – all are easy to use and professional.
There is a free demo account for new traders, The minimum deposit is only $10, the IQ option also has a VIP account with more privileges for investors.
In addition to the trading Binary option, the IQ option also allows users to trade forex, CFD, Crypto.
Customer service (Support) professionally, quickly, for many different languages (You can contact IQ option via Live chat, phone or email). Besides, the IQ option has many different deposit and withdrawal methods that are convenient for investors.
We have a detailed review of the IQ option broker here: IQ Option Review
Olymp Trade – The most popular Binary option broker
Olymp trade was established in 2014, is licensed and managed by FMRRC and FinaCom. Olymp trade allows you to trade hundreds of different types of assets, commodities or currency pairs…
Trading at Olymp Trade is quite simple and convenient, you can trade right on your phone, tablet or laptop as long as it has 3G, 4G, internet connection.
Olymp Trade has a free lifetime demo account, when trading on real accounts, the minimum deposit is only from $10 and the minimum trading from $1. Profits traded on Olymp trade up to 90%.
Olymp trade supports many different languages on its website, easy deposit and withdrawal via many different methods, easy to use interface, so Olymp trade is chosen by many Binary options traders.
You can view a detailed and complete review of the Olymp trade broker here: Olymp trade Review
Binary.com is the oldest Binaryoptions broker
Binary options broker (Binary.com) was established in 1999, is legally licensed to operate in the British Isles, Malta, Ireland and the United Kingdom, providing trading of CFDs, FX margin and digital currencies using MT5.
You can participate in trading with a minimum deposit of only $5, minimum transaction from $1 each time.
The payout ratio (profit per transaction) is high, up to over 100%.
Binary.com supports multiple languages, so you can quickly get used to trading. With the long operating time (over 20 years), Binary.com has received many trusted awards and good reviews from users, so this is the Binary options broker worth your attention.
You can refer to the full review of Binary.com here: Binary.com Review
ExpertOption – the most stable Binary options broker
ExpertOption, launched in 2014, is licensed by FMRRC, operates in the field of Binary options trading, and since Expert Option started operating, it has always been highly appreciated for its smooth interface, stability and reliability of the system.
ExpertOption supports multiple languages to help traders from all over the world to easily trade, Expertoption’s interface is also easy to use.
Expert Option has a demo account so users can experience the service for free before investing.
You can refer to the ExpertOption broker review article here: Expertoption Review
Binary options broker – Binomo
Binomo is a Binary options broker established since 2014, registered in Seychelles. Binomo also offers a completely free demo account. For real accounts, the deposit amount is from only $10, each transaction is from 1$.
The Binomo broker also has free weekly tournaments that can get a pretty big bonus to help you practice and experience and still earn money from Binomo.
Customer support is readily available on the website. You will have the choice of emailing different departments, calling a free phone number or starting a live chat (24/7).
You can see more detailed article: Binomo Review
The above is a summary of the top 5 trusted and best Binary options brokers at present. Most trusted Binary options brokers allow you to sign up for a free Demo Account so you can participate and learn to trade easily.
Besides, trusted Binary options brokers also provide free videos and training programs so you can improve your trading skills.
We recommend that you start trading Binary option by registering for a free demo account to experience at the trusted Binary options above.