Best binary options brokers: The top binary trading platforms of 2021.
(Pocket-lint) - Binary options
trading platforms offer you the chance to make money by trading different assets. For this, you will need a broker that offers all of the essential features.
With so many platforms in the market, choosing the best binary options trading broker is a hard task. But, this guide helps you choose the right broker platform to start your trading journey.
So, take a look at the different platforms and choose the one you find the most suitable.Top Binary Options Trading.
– Best Overall Binary Trading Platform – Well-Known Amongst Best Binary Options
Brokers – Best Binary Option for Beginners – Leading Binary Option Trading Platform Raceoption – Top Binary Option Trading Strategies – Advanced Platform to Buy or Sell Binary Options.
How did we make this list?
You will find several binary options trading platforms in the market. However, it is hard to differentiate between scammers and legitimate ones. So, we have made a list of the best binary options trading platforms to make the decision easier.
To make this list, we considered the following factors.
A platform that is functioning for a good number of years is bound to be legitimate. This means the customers associated with the platform do not have any major complaints.
New platforms may be legitimate, but there is no sure way to know that. So, we ensured the platforms we chose had a minimum of four to five years of experience.
Checking the reviews of the customers is important since this helps you understand the performance of the platform. So, we checked different third-party platforms to ensure the customer reviews were authentic.
Deposits and Withdrawals.Traders look for easy deposits
and withdrawals, which we also focused on during our search. We selected platforms that provided low minimum deposits and convenient withdrawal options.
Trading tools make your trading experience more analyzed and informed. As a result, we looked for platforms that provided different trading tools to help you out. You can use various strategies and make good use of the trading tools to gain profit.
#1. Binary.com: Advanced Platform to Buy or Sell Binary Options.
Binary.com was first established as Binary Group in 1999. It is an American-based company with branches in Malaysia, Japan, and Malta. Up until 2013, the company was named BetonMarkets.com, after which it was rebranded as Binary.com.
Binary.com is a very reputed name in the trading industry. The company has multiple licenses that comply with the regulations in different countries, which include FSC (British Virgin Islands), IBFC (Malaysia), and VFSC (Vanuatu).
Binary.com has multiple market instruments, which is perfect for most traders. Along with this, the platform also offers several trading accounts.Highlights.
There are two categories of trading platforms on Binary.com. These are basic platforms and advanced platforms. In basic platforms, there are two types – Binary Tick Trade App and Binary.com platform. You can use both these platforms for binary trading.
The Binary Tick Trade App is the mobile application of Binary.com. You can download the Binary Tick Trade App from the Google Play Store and Apple App Store. The mobile trading application makes it easy for you to trade even when you are on the go.
Binary.com offers its trader three different types of trading accounts — virtual account, standard account, and MT5 account. The MT5 account offers you CFDs on cryptocurrency, Forex, and other financial markets and is a fairly new addition to the platform, as it went live in only 2019.
The virtual account is the demo account provided by the platform, where you can use $10,000 virtual cash to practice trading. The demo account is perfect for beginners to test their strategies and know more about the trading platform. Seasoned traders can also use this account for trying out advanced theories and strategies.
Very well-regulated Several trading platforms Perfect for beginner traders Low minimum deposit.
Account options are limited Variable spreads.
#2. Pocket Option: Great Binary Trading Platform.
If you are looking for a binary options trading platform that has it all, Pocket Option is the one. It was established in 2017 and is headquartered in the Republic Marshall Islands. Gembell Limited currently manages and owns this Forex trading broker.
The trading platform provides you with convenient payment options, several analysis tools, amazing payouts, and low minimum deposits.
Since its establishment, Pocket Option has catered to more than 10 million users across 95 countries. You can trade over 100 assets, such as Forex, commodities, stocks, cryptocurrencies, and indices in this trading platform.The excellent features
provided by Pocket Option make it one of the top-most binary options trading platforms.
Pocket Option gives you access to a demo account for which you do not have to register. In this demo account, you can start trading using virtual funds. This helps you understand the platform and its operations.
Once you open your account with the Pocket Option, you will get an instant bonus. You will need to make a minimum deposit of $50, for which you get a 50 percent deposit bonus. However, this is a limited-time bonus offer, so make sure you grab it before the offer ends.
The Pocket Option website is optimized for all devices, so you will not have any issues using it on your mobile. This makes it easy for you to trade no matter where you are. In addition, you can change the mobile view to both portrait and landscape for using the website.
Pocket Option provides a unique feature — social trading. Using this system, you can track the successful trades of other traders. You can follow their patterns and use it for making your own trades.International Financial Market
Relations Regulation Center (IFMRRC) regulated 24/7 customer service No withdrawal or deposit fee Social trading.
Only one trading account Limited financial instruments.
#3. Binarycent: Well-Known Amongst Best Binary Options Brokers.Established in 2016,
Binarycent is another binary options trading platform with its office in the Marshall Islands. Apart from binary options, it also offers CFD trading and Forex.
The platform was launched by a team of investors who have years of expertise in the field.
Binarycent does not have any complicated algorithm for trading. This is a very simple platform where you can start trading as soon as you sign in. Due to this, beginners find it easy to use the platform.
Variable Accounts.Binarycent provides you with
three types of accounts that you can use for trading. They are the Bronze account, the Silver account, and the Gold account. The minimum deposit for the Bronze account is $250, the Silver account is $1,000, and the Gold account is $3,000.
You get a bonus on three of the account deposits you make, which makes the platform more attractive to traders. For a Bronze account, you get a 20 percent discount, which makes the trading amount $300.
You get a 50 percent bonus for the Silver account, which means you start with $1,500. Finally, you get a 100 percent bonus for the Gold account, and you can start trading with $3,000.
Deposits and Withdrawals.
Withdrawals and deposits in Binarycent are easy since they accept most forms of payment. You can use credit cards for payment, like MasterCard and Visa. Binarycent also accepts cryptocurrencies like Bitcoin, Litecoin, Ethereum, Dash, and any other altcoins. There are eWallets as well, like Neteller, Skrill, and WebMoney.