Binary Options Brokers 2012
When a trader has decided to start trading binary options, the next step is to look for a binary options broker to handle his business.
Thankfully, our trading editors at BinaryOptions.net have listed the top 3 binary options brokers in 2012. We’ve rated these brokers based on their account features, customer support, special offers and payout percentage.
Best Binary Options Brokers 2012:
Binary Brokers Review 2012:
- Banc de Binary Review
- Option Fair Review
- 24Option Review
- AnyOption Review
- BetonMarkets Review
- Ikko Trader Review
- OptionBit Review
How to Choose a Binary Options Broker
There are several criteria that traders must use to select a suitable binary options broker:
There is the issue of trade types. Some binary options offer all trade types, while others are more restrictive. There is also the choice of trading instruments. Some brokers have great depth and are able to offer financial assets for trading that cover the forex, commodity, futures and bond markets. There is also the issue of payouts, trading costs, bonuses, and trading conditions.
All of these factors will ultimately affect the way a trader plays the market, and ultimately, his profitability. The ideal situation is to get a binary options broker that offers several financial assets spread across several markets, offers a reasonable bonus with a good payout approaching 80%, and offers flexible expiration dates without boxing traders into very long expirations. For more information you can also read our article on choosing a binary options broker.
Keeping this in view, we have tried to use these criteria to draw up what we feel are the best binary options brokers that traders can do business with. The list is not very exhaustive, but we consider this a good place to start. So here we are: four great binary options brokers.
TRADERXP
TraderXP is the binary options service of TraderXP Ltd, which is based in Limassol, Cyprus. This company offers binary trading in stocks, commodities, index futures and spot metals. They provide trading in just two binary option types; High/Low as well as the Touch/ No Touch varieties of binary options. Payouts on trade approach 75% and traders can set expiration times from as little as 15 minutes to as much as 1 week.
FINOPEX GROUP
Option Fair is the binary options service of Finopex Group. Finopex offers binary options trading for currencies, stocks, bonds, stock index futures and spot metals. Their financial asset offering is one of the most varied in the industry. Traders can play three binary options types; High/Low, Touch options and In/Out (tunnel) binaries. The payouts of the Finopex group are one of the highest at 85%. Expiry times are as low as 15 minutes to as high as 1 week, though this is dependent on the trade type. The trader also has access to charts and simulated trading, which is something not commonly seen with binary options brokers in the industry. There are three categories of accounts, giving market access to different grades of traders.
IG Group
The IG Group is one of the pioneer binary options brokers. Located in the US, it offers binary brokerage services exclusively to US residents and US citizens. IG Group is the only broker that allows individual binary options traders to deal directly on its Nadex binary options exchange without going through a conventional broker. Market access is through its Direct Market Access (DMA) trading platform. This platform enables members to place orders directly into the exchange system and trade. This platform offers the following features:
- Direct Market Access: Members can log in and place your orders directly into the exchange.
- A browser-based platform which allows traders to login and trade from anywhere without having to download any software.
- Market data streamed directly to a trading platform.
- Real-time tick charts for all Nadex instruments, along with a customizable trading platform.
Traders can trade binary options on currencies, stocks, stock indices and commodities on Nadex. Expiry times can be intraday, daily, weekly or event-based (specified at a future date). The IG Group provides the following binary option types for trading:
a) High/Low
b) Touch/No Touch
c) In/Out
OPTION XP
Option XP is a binary options broker which presents binary trading opportunities to traders for currencies, stocks, commodities, index futures and the German government bond. Traders can trade the Up/Down variety, the Touch Options as well as the boundary options. Expiry times can be set to 15 minutes, 30 minutes, 1 hour, Daily and Weekly.
While this list is not an exhaustive list for traders wishing to trade binary options, these brokers present good places to start trading. Trading conditions are favourable and it is up to the trader to arm himself with the tools with which to succeed on the platforms of these binary options brokers.
