Best Binary Options Brokers 2013
Our trading editors at BinaryOptions.net have announced the top 3 binary options brokers for 2013. We’ve rated these brokers based on their account features, customer support, withdrawal times and payout percentages.
Best Binary Options Brokers:
Top 10 Binary Options Brokers List:
- OptionsXO Review
- OptionBit Review
- EZTrader Review
- Markets World Review
- GTOptions Review
- Banc de Binary Review
- StockPair Review
- AnyOption Review
- TradeRush Review
- Redwood Options Review
- 24Option Review
- 777 Binary Review
- GOptions Review
- Beeoptions Review
- Top Option Review
- Binary.com Review
- Cedar Finance Review
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Chossing The Best Binary Option Brokers
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. T
- here 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: two great binary options brokers.
GToptions is an up and coming and USA friendly binary options broker. They have been offering their trading services online to clients worldwide since 2011. They have been regularly improving their brand to boost the trading experience of online binary options investors. The look and features we encountered at GToptions are quite different from the other brokers out there, making them one of the top brokers in the industry for 2013. Make sure you read what they have to offer to maximize your returns when trading with GToptions.
It should be said that GToptions is one of the most user friendly trading platforms we have come across. This is a perfect entrance point for those traders that have no previous trading experience or those who have years of experience. We were impressed by the array of features which are available via the header menu. Having top quality and useful features are vital if you are serious about trading binary options to their fullest.
What caught our eye was the great support offered such as Platform Walk Through, Chat with a Broker and much more. Also, there is a variety of education features which are vital to use if you want to understand all there is to know about binary options trading. This includes a Glossary, Daily Market Review and Weekly Market Review. By using these education features to your benefit, binary options trading will be that much simpler.
You can practice trading from the homepage, while enjoying the ability to easily open a trading account. There is a live news feeds, allowing you to stay ahead of the latest market developments. On top of this, you may learn more about GToptions in the About Us section. So for all your questions, this broker may have the answers you are looking for.
You should take a careful look at the GToptions platform before making your final decision of investing funds. What we did like was that their platform is very easy to use and there are high returns offered on numerous trading assets. The regular binary options are easy to get into and all you need to do is pick your favorite binary option and wait for the expiry time.
One of the most impressive trading features we came across was the Binary Meta. This is relatively new and offers traders an great range of expiry times, so they can take binary options trading to the next level. You can also trade your preferred asset via graph and watch its movement until the expiry time.
There are also the One Touch, Option Builder and 60 Second options trading features. All of this shows that GToptions is not shy in bringing binary options trading personally to the trader.
The return rates are quite high, 95% for in the money and up to 15% for out of the money. This is one of the highest levels in the binary options industry.
There are around 80 trading assets to trade with. This also makes GToptions a market leader, as they allow you to trade a diverse amount of underlying assets on their trading platform each trading day. So you can enjoy trading the top currencies, stocks and commodities when you want.
GToptions is a broker which we have a lot of good things to say about. Our team found their education materials amongst the best in the market. They are a broker who understands how important it is to satisfy the trader, especially in such a competitive environment. Moreover, the high returns they offer to traders are advantageous if you are someone who is up for making a lot of profit from online trading. To top this all off, the customer support at GToptions is there to help all traders who ever need assistance.
24Option is one of the most unique trading platforms on the market today. They do have an unusual black background, rather than the white one that most other brokers have. This does not take away from the trading experience it offers to online investors. The good news is that this broker is available 24 hours a day, 7 days a week. 24Option are not a US friendly binary options broker. If you want to learn more about a binary options broker with high outreach in online trading, then please read further.
Most traders we have had contact with said that this is one of the best brokers they have traded with, making it a top choice for 2013. The minimum deposit is $200, allowing all different types of people to begin their trading experiences easily. The black background of the website is objective, but it is quick to get used to. There are not so many options in the header and footer menus, which can be an advantage for traders who want to get straight to the point. There are various other options to click on throughout the website.
You may find the education features very useful to you. There is the Glossary, FAQ, Trader Manual, Binary Options Trading and Asset Index. These features are crucial for traders of all levels who want to get an inside look of what trading binary options and investing on the 24Option trading platform is really like.
If you have a mobile phone, then there is a mobile platform, allowing you to trade binary options on the go. Also, there are regular webinars which you are able to register to. To top this all up, you can easily start trading within minutes on the 24Option trading platform.
The trading platform offered by 24Option is very different from that of its main competitors. There are various different trading options, which you can take a look at yourself. These are the High/low, Touch/No Touch options and Boundary Options.
The High/low is rather simple. All the trader has to do is select high if he believes the option will expire above the purchase price, or below if he believes the binary option will expire below the purchase price at the time of expiry. First pick your favorite asset, then the High/Low direction, amount you want to invest, expiry time and start trading.
The One Touch options are offered by a number of binary options brokers. The trader needs the option to touch a certain price barrier prior to the expiry time. This means a lot of thinking is required to trade these successfully.
Boundary Options are offered by 24Option, where a trader buys a contract on whether or not the price of a specific asset will stay within a specific price boundary, or break out of that price range.
The payouts at 24Option can be as high as 89%, which is a high for the binary options market. This is a factor which has really attracted a lot of traders in recent times. The trading platform does not offer the most assets out there, but enough to give you the choice of trading the best forex, stocks and commodities out there.
What our team can say is that the overall trading experience was a memorable one. It was different from that at other brokers, but equally exciting. We can say that 24Option is one of the best binary options brokers in 2013. You need to visit their website to understand what binary options trading is all about.
Binary Options Trading in 2013
Binary trading in 2013 will only be enjoyable if you are trading with a reputable binary options broker. You also need to choose a broker that suits your trading style best. Read the above binary options brokers reviews carefully before making that crucial trading decision.
Regulated Binary Options Brokers
There’s been some recent discussion lately about binary options sites and the legal concerns surrounding U.S. clients trading on their platforms. The brokers (of which we are aware) that are regulated in another jurisdiction and currently accepting U.S. clients include:
Please note that we are not lawyers and are not attempting to provide legal advice. Do your own research.
The truth is that basically any company can randomly set up and launch a binary options trading platform. But the most reputable binary brokers will ordinarily obtain an actual trading license distributed by a financial oversight commission. At this point in the industry’s history, licenses are being awarded to trustworthy brokers as many national governments are recognizing binary options as a legitimate investment vehicle. A license is essentially a contractual agreement stipulating that the broker must follow a series of rules and oversight regulations that ensure that traders can confidently and reliably use the services provided by the broker. These may include receiving withdrawals in timely fashion upon the client’s request and ensuring an overall fair trading platform, including the integrity of price quotes. Breach of these regulations can result in fines, legal problems for the company’s owners, and revocation of their licenses. Binary options traders should always strive to do their business at a broker that has a license from an oversight commission for their own safety and to sharply limit the chance of becoming a potential victim of fraud and general business misconduct. That, of course, goes for all traders, U.S. or otherwise. With some level of regulation finally becoming common in the industry, all traders should take advantage by doing business only with regulated brokers.
Binary options trading has regulation in several jurisdictions with reputable financial oversight commissions The current countries offer regulation and their corresponding oversight body include:
- United States with the CFTC;
- United Kingdom (FCA);
- Cyprus (CySEC);
- Japan (JFSA);
- South Africa (FSB);
- Belize (IFSC); and
- Malta (MFSA).
At the moment, you should probably not want to trade with any broker that was not licensed by one of these governing bodies. Obtaining a license within the aforementioned countries will grant the broker permission to operate within their jurisdiction. For instance, if a broker cannot obtain a license from the CFTC, then they may not be willing to accept U.S. traders as clients on their platform. Nonetheless, even if a broker doesn’t have regulation with the CFTC, that doesn’t mean that would be illegal for U.S. clients to trade on their platform. Having said this, it may be illegal under US law for the platform to be accepting traders from the USA: the CFTC have just filed a civil complaint against Banc de Binary.
There is no law within the U.S. that currently stipulates that binary options trading is illegal in the United States. If a broker does not have a license, yet it still accepts U.S. clients, then U.S. residents are still able to trade on its platform. Clients will simply will not have their trading safety and security ensured by a licensing agreement that they would with a CFTC regulated broker.
That said, if you are a U.S. resident, you do not necessarily need to do business with binary options broker regulated by the CFTC to obtain the benefits of regulation. The simple truth is that with the trading laws that exist within the U.S., it is very difficult for an offshore broker to obtain a license from the CFTC. This may change in the future if laws are revised. In the event of that occurrence, offshore brokers who are almost certainly likely to be licensed in another jurisdiction already will be able to obtain a CFTC license, as well.
Trading with a legitimate broker that has any type of license within a reputable jurisdiction (e.g, Cyprus (CySEC), UK (FSA)) should be perfectly okay. Even if you are trading with a broker that does not hold a license from an oversight body within your country, these commissions will provide regulation benefits to all traders equally. If, for example, you are from Italy or Canada, and trade with a broker with CySEC regulation, you would be just as protected as a trader from within Cyprus.
U.S. traders may wish to find a broker that has a license provided by a regulatory body from a European Union member state, like Cyprus (CySEC) or the United Kingdom (FSA). These oversight bodies provide just as much, if not more, trader protection than the CFTC would. But in general, a broker that is licensed within any of the reputable jurisdictions mentioned above is perfectly suitable to do business with. From there, you can move into some of the more specific criteria that you might have for broker selection, including assets traded, multiple expiration times, pay-outs, bonuses, maximum and minimum trade sizes, platform software, and general website aesthetics.
Response from MarketsWorld.com:
Our legal advisors have determined that the kind of online betting offered by MarketsWorld is not prohibited by US law which prohibits online casino gambling operations such as card games, sporting contests and games of chance. Whereas the fixed odds betting on the financial markets as offered by MarketsWorld is not prohibited.
MarketsWorld were careful to undergo the strict regulatory process to become properly licensed in the Isle of Man, Great Britain prior to launching our binary options platform pursuant to legal advice and opinions that because we became properly licensed and regulated in advance of trading our binary platform is legal worldwide including within the USA.
Had MarketsWorld traded prior to becoming properly licensed then this would have been illegal in the USA and elsewhere which is why we got our license to operate beforehand, which truly sets our binary betting platform apart from the rest of the field. Under the current law our platform can legally operate in the USA.
MarketsWorld is proud that we pay out the highest rates of return in the online binary options industry, up to 95% revenue per ITM trade, and that we are a British licensed and regulated binary options platform.
Banc de Binary, a broker that was formerly popular with U.S. residents, is no longer an option. Of course, any of these brokers may leave the U.S. market in the future, while many others, including already-existing brokers, may begin or resume taking U.S. clients. 24option and Anyoption have indeed stopped accepting new U.S. traders.
If you are a U.S. trader and know of or have traded with (and received favorable service) a regulated broker not on this list, please let us know in the forum. If you disagree with anything said please also let us know.