There are many binary option scam brokers hovering around the internet right looking for preys to devour. Please do not fall for them.
If any binary options broker is not on this list, then it is possibly a scam. You should always conduct full reviews and researches to verify the authenticity of any said broker.
You should bear in mind that new binary brokers pop up everyday aiming to catch newbies in the industry who may not have a prior knowledge of fake brokers.
We are pleased to let you know that all the listed and rated Binary Options brokers below are honest and reliable, accredited and fully regulated. Having hand-picked each one of them ourselves and tested them, we can guarantee that they will offer you everything you are seeking from a Binary Options broker no matter when you wish to get online and start trading!
Below is a table that summarizes the features of all currently accredited and fully regulated brokers in the binary options market:
General Features
Traffic, Deposit and Withdrawals: Please note that most brokers accept users from all parts of the world except where indicated. Also, the ease of deposit and withdrawal is not usually an issue as most of them offer many options for quick access to your funds such as Visa, Mastercard, Wire Transfer, Netteller, Discover, Skrill, Webmoney, GiroPay, Discover e.t.c.
Assets Traded: As with forex trading, most brokers listed here will allow you the option of trading many currency pairs, commodities, stocks and indices.
Examples of :
Currency pairs: EUR/USD, USD/CAD, EUR/JPY, GBP/USD e.t.c
Commodities: Silver, Gold, Wheat, Cotton, Oil, Sugar e.t.c
Stocks: Google Inc, Facebook, Vodafone, Barclays e.t.c
Indices: S&P500, Nasdaq e.t.c
Mobile: You would also notice that most of them have mobile apps to enable you trade on the go or have quick access to your trading platform. All you need to do is register an account with any of them, fund and start trading, then you can download the mobile apps from any of the mobile stores listed on their respective sites.
Learning and Education: If you new to binary options trading, then it is essential that you learn the basics and objectives of trading in the binary market. Most brokers will provide you with ebooks, online tutorial courses, videos, web tutorials and other forms of learning. This will ensure that you maximize your trading efforts for full profits.
Regulation: Before opening an account or even funding any Binary Options broker account, always ensure that the firm in question is regulated. If they are regulated, then it means that every trading activity within their platform is monitored by an external agent and any fraudulent or abnormal trading situations will be immediately detected.
Every regulated brokers aim to deliver the best quality services and hence make all their customers satisfied. This is the reason why we have listed only regulated brokers on this site.
However, if you happen to deal with an unregulated broker, then you should expect bizarre and awkward trading scenarios.
For instance, an unregulated broker is free to do whatever they like with your funds at anytime. There are no customer support and assistance, pending withdrawals, faulty trading platform, unstable websites, and lots of other issues with these type of brokerage companies .
US Clients: Not every broker accepts traders from the US. In fact, old and new companies make it clear that they won’t accept traders from USA even before registration.
So, the question remains: Why do so many brokers refuse to offer their services to clients trading from the US since binary options trading is legal?
It has to do with a specific CFTC statement concerning commodity options. The statement is a bit confusing and most companies would decide to steer clear to avoid mistakes and upset the CFTC:
“It is against the law to solicit U.S. persons to buy and sell commodity options, even if
they are called ‘prediction’ contracts, unless they are listed for trading and traded on a
CFTC-registered exchange or unless legally exempt.”
Bonuses: It is often common for most new brokers to use bonuses as an enticement to get traders sign up with their company. You should be aware of any broker that offer bonuses that sounds too good to be true. Most of these types of brokers end up being fake ones and are often unregulated. Bonuses like 5000% , 2000%, 10000% Deposit bonus are simply atypical and unrealistic and just aims to make you deposit with their company.
You can also read: Option Bot 2.0 scam
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If the reason for joining a particular broker is because of the bonus offered, then make sure you join a broker that offers a reasonable Deposit bonus that is reasonable and can be actualized. e.g. of such bonuses include 25%, 40%, and up to 100% Deposit Bonuses.
Customer Support: We all know that customer support and service is the peak of any business both offline and online. Most of the brokers listed here will provide an easy way to reach them in case of any problems. Normally, the options available are toll free phone support, live chat support and the popular ticket support system. You can conveniently reach your broker via any of these means, discuss your problem with them and expect a solution afterwards.
We take customer satisfaction very seriously and as such if any of the brokers listed here fails in delivering the expected customer satisfaction level, it will be immediately removed and other trusted regulatory bodies will be notified as well.
Tell us your experience and rating of any broker listed above in the comments below.
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