Broker

Binary Options Brokers and Platforms – Reviews and Comparisons

We have compared the best regulated binary options brokers and platforms in September 2020 and created this top list. Every broker and platform has been personally reviewed by us to bring you the best binary options platform for both beginners and experts alike. The ranked broker comparison list below shows which binary trading sites came out on top based on a variety of criteria.

You can sort the list using Payout (Maximum Return), Minimum Deposit, Bonus Offers or if the operator is regulated or not. You can also read full reviews of each broker, helping you make the best choice. Below the comparison list is some advice on picking the best trading platform for you, as it will often come down to your individual needs and requirements.

Top brokers in Ukraine

binary options broker

	Broker		regulated	minimum deposit	Payment	Bonus
	Binary.com			$ 5	90%		»go to
	high Low			$ 50 USD / $ 10 AUD	200%	$50 CASBACK	»go to
	IQ Option			$ 10	91% *		»go to
	the dark shadow			$ 10 (ETH)	up to 200%*		»go to
	BDSwiss			$ 10	N/A		»go to
	24Option			$ 100			»go to
	Nadex			$ 250	100%		»go to
	Hirose			$ 20	90%	50% Deposit Bonus (withdrawable)	»go to
	RaceOption			$ 250	90%	100% Deposit Match Bonus	»go to
	OptionField			$ 5	93%	Pro Account Discount & 10% Cashback	»go to

How to Compare Brokers and Platforms

To trade binary options, you need to engage the services of a binary options broker that accepts clients from Ukraine. Here at BinaryPoints.net we have provided a list with all the best comparison factors to help you choose which trading broker to open an account with. We’ve also looked at some of our most popular or frequently asked questions, and note that these are important factors when traders are comparing different brokers:

1. What is the minimum deposit? (These range from $5 or $10 to $250)
2. Are they regulated or licensed, and with which regulator?
3. Can I open a demo account?
4. Is there a signal service, and is it free?
5. Can I trade on my mobile phone and is there a mobile app?
6. Is there a bonus available for new merchant accounts? what are the rules and
   Conditions ?
7. Who has the best binary trading platform? Do you need high detail charts with technical analysis indicators?
8. Which broker has the best asset list? Do they offer Forex, Cryptocurrency, Commodities, Indices and Stocks – and how much of each?
9. Which broker has the widest range of expiry times (30 sec, 60 sec, end of day, long term etc.)
10. What is the minimum trade size or amount?
11. What kind of options are available? (Touches, Ladders, Limits, Pairs etc.)
12. Additional tools – like Early Close or MetaTrader 4 (Mt 4) plugin or integration
13. Do they operate a robot or offer automated trading software?
14. What is customer support? Do they provide telephone, email and live chat support – and in which countries? Do they list direct contact details?
15. Which has the best payout or maximum return? Check the markets you will be trading.

We cover several of these comparison factors in our list above, but we go into much more depth in each review.

regulated binary broker

Regulation and licensing is an important factor when looking at the best broker. Unregulated brokers are not always scams or untrusted, but it does mean that a trader should do more ‘due diligence’ before trading with them. A regulated broker is the safest option.

regulated binary options brokers september 2020

regulator

Major regulatory bodies include:

• CySec – Cyprus Securities and Exchange Commission (Cyprus and the European Union)
• FCA – Financial Conduct Authority (UK)
• CFTC – Commodity Futures Trading Commission (US)
• FSB – Financial Services Board (South Africa)
• ASIC – Australia Securities and Investments Commission

There are other regulators in addition to the above, and in some cases, brokers will be regulated by more than one organization. This is becoming more common in Europe where binary options are coming under increased scrutiny. Reputable, major brands will have some sort of regulation.

The regulation is there to protect traders, to ensure that their money is kept properly and to give them a leeway in the event of a dispute. So this should be an important consideration when choosing a business partner.

Bonus

Both the sign up bonus and the demo account are used to attract new customers. The bonus is often a deposit match, one-time payment or risk-free trading. Whatever be the form of the bonus, there are terms and conditions that need to be read.

It’s worth taking the time to understand those terms before signing up or clicking on a bonus offer. If the terms are not to your liking, the bonus loses any attraction and the broker may not be the best choice. Some bonus terms also tie you to your initial deposit. It is worth reading the T&Cs before agreeing to any bonus, and it is worth noting that many brokers will give you the option to ‘opt out’ of taking the bonus.

Using a bonus effectively is harder than it sounds. If considering taking one of these offers, think about whether, and how, it might affect your business. A common issue is that the requirements of trading within conditions, often cause traders to ‘over trade’. If the bonus doesn’t suit you, turn it off.

demo account

Binary options demo accounts are the best way to try both binary options trading, and specific brokers’ software and platforms – without the need to risk any money.

You can get a demo account with more than one broker, test them all and deposit money only with the one that suits you best. It can also be useful to have accounts with more than one broker. For example, the payout for two different assets may be best at different brokers. You can shop around, and find whatever account pays the best for that asset.

Demo accounts provide the best way to test a brand risk-free. Similarly if we recommend a brand, you can try it first before taking any risk.

low minimum deposit

If you are looking to get involved with binary options for the first time, the low minimum deposit requirements may be of interest. For traders just trying out binary options, a low minimum deposit broker may be best. A small initial deposit keeps the risk low. Minimum deposits start at $5 and there are an increasing number of brokers offering minimum deposits – “low” would be any minimum under $50.

Similarly, all brokers will also have a minimum trade requirement or trade amount. These can vary greatly between platforms. Minimum trade figures range from $1 to $25 – which is a big difference if a trader plans to trade frequently. For some traders, this may be less of a factor in terms of finding the best broker for them, but for others it will be very important. Practice accounts are a zero risk way of learning to trade.

Payment

One element that many traders use to find the best binary options trading account is the payout percentage on offer. It’s not always a simple comparison. The payout will change depending on the underlying asset being traded, and the expiration time of the option. Furthermore, the payout will change as the broker manages its risk. So if one broker originally had the best price, things may come back again and mean the other now has the top payout.

So what an investor can do is to examine the payouts for the assets, and the expiration times they are most likely to hold, and judge which brand most often offers the best term. Demo accounts are good when researching specific assets and payouts on trades.

Exchange traded and over the counter brokers will have different payouts – and it won’t be easy to compare them. In general, exchange traded options provide better value. Nadex is an example of an exchange.

So as you can see, finding the best trading account and broker is not always easy – but it is worth noting that you are free to move between brokers whenever you want. So even if an account goes bad, it is easy to stick up and find a new trading firm. Similarly, a trader can have multiple accounts, and open trades at the broker with the best terms for that particular trade.

Which is the best binary trading platform?

Naming the best trading platform is not easy, simply because trading platforms and proprietary (bespoke) software are generally a question of personal taste. One user may like a simple layout, while others may need a lot of data to be on the screen at all times.

However, there are different levels of quality across platforms, both in terms of ease of use and features. Broadly speaking, brands that offer Contracts for Difference (CFDs) in addition to binary options offer a more feature-rich trading platform or advanced software.

So the likes of Nadex and IQ, will deliver a very professional trading platform. MetaTrader integration is also usually provided at more professional brokers (some use both mt4 and mt5 functionality). This difference in quality is evidence of the maturity of binary options as a product, but binary brands will catch up very quickly.

How do brokers make money?

Binary options brokers make money through two business models:

1. As a counter-party, ensuring an ‘over round’ through the payout percentage. known as ‘over the counter’ (OTC)
2. Through a spread or commission on exchange traded models

Those who have experience with other forms of trading, and are now approaching over-the-counter (OTC) brokers for the first time, may find themselves asking the question: “Where is the commission? ,

However with OTC Binaries, there is no commission. In principle, the term ‘broker’ is not correct. Binary firms are not arranging a deal or acting as an intermediary or as a market maker; What they are is the counterparty to each of their client’s positions. Hence there is no fee or commission for trading. Instead, each customer is essentially betting against the house. Where brokers have both sides of the trade, they have a handsome margin. Where they don’t, payment still gives them a level of security. In some circumstances, the broker will also hedge its own positions to reduce risk.

Those companies (Nadex, for example) that trade binary options through an exchange act very much like a ‘broker’. Unlike the OTC market where the platform is the counter party, with exchange traded options, the broker is the middleman – matching buyers with sellers and charging a commission. This fee is usually hidden within the spread rather than an explicit cost. There is much less risk involved for the broker, and therefore usually a better return per trade for the trader. Brokers can be actively compared using spreads – the higher the spread (the difference between buy and sell prices) the cheaper it is to trade.

Brokers using the spread model often offer leverage or trading on ‘margin’ through their software. This increases the trade size for the trader – and the profit for the platform.

Should You Use Multiple Brokers?

There are some very good arguments for having more than one binary trading account:

• Brokers are tailored to certain trades. Different brokers will suit different trading styles, or trading types. Therefore a broker can be excellent for short term trading types, and can make great payouts on forex pairs. But the same brand may be slightly less good when it comes to offering cross-border trading or index payments. If a competitor had a full set of long term expiration with great payouts, and plenty of range trading options – it would make sense to have accounts with both platforms, and the broker offering the best deal for each trade. places trades with
• Demo Accounts. Multiple demo accounts make sense – you want to decide where to get multiple brokers and trading platforms before you start trading.
• reduce risk. Having accounts with more than one broker protects you from any issues with a particular firm. From serious issues such as insolvency, to minor issues such as website downtime, software issues or market closures – minimizing the risk of more than one broker being affected by any affliction.
• many offers. Each sign up can mean a new bonus, so it may be worthwhile to have more than one account to get all the offers. As always, read the terms – and also note that on occasion, bigger deposits can mean bigger bonuses – so splitting them up might not be the best option.
• Spread the victory Some brokers may be looking to win traders over on their books, to restrict their trading, perhaps by limiting trade sizes – or worse. While this risk is thankfully small, by many accounts it means spreading the winnings. Most brokers will search for “winners” based on total profit rather than strike rate, so hiding volume in broker accounts can help you stay below their radar.

Exchange Vs OTC (Over The Counter) Broker

exchange broker

A broker that offers Exchange is closer to a traditional ‘broker’ than OTC brokers. An exchange acts as a ‘middleman’. They will match a seller of one property with a buyer of the same property, and charge a commission for putting the deal together. The market itself will set prices – if there are more sellers than buyers, the price will go down until demand increases. If there are more buyers than people willing to sell, the option price will go up.

The broker operating the exchange does not mind who wins and who loses. They do not take any risk on the trade itself (unless the trader is trading on credit). The broker will make his commission on the trade regardless of the outcome.

Because of this low risk for the broker, the returns for a winning trader are usually large. Commissions are usually small relative to the size of the trade, which means they don’t affect payouts very much. Other advantages include the fact that stop losses can be applied, and also that trades can be closed at any time (to take profit or stop loss).

The complications with exchanges, comes from the structure. An exchange traded binary option will “trade” somewhere between 0 and 100. 0 is the figure used where no event occurred, and 100 where it did. If the current price is $30, a ‘buyer’ would risk 30 times his trade size, to potentially win $70. The ‘seller’ would therefore, therefore, be risking 70% to win 30%. While not a complicated equation, it is a bit more complicated than the straight forward over the counter option.

OTC (over the counter) broker

The most common type is the over-the-counter (OTC) broker, but this type of firm is not actually a ‘broker’ strictly speaking. They are the counter-parties of one side of the business. So where a trader opens a position, the broker will win or lose money, depending on whether the trade wins or loses. Only where the broker has another trader who has made the exact opposite trade are they assured of profits.

Because of this increased risk, brokers will be offered lower payouts which reduce some of the risk they are taking. Hence it is likely to be lower than an exchange traded broker. Some companies may even have built in ‘hedging’ mechanisms to reduce the risk. In some cases, one side of the business may become unavailable if the liabilities become too large.

The simplicity of binary options remains intact with OTC brokers. They have also made great strides in competing with the exchanges by offering ‘cash out’ prices for options, allowing traders to close positions early, and set stop losses. Once those features become common OTC and among exchanges, they will become smaller. For now, traders are better off trading on the exchange – but it may be advisable to learn the difference via a demo account.

payment method

Deposit and withdrawal options vary from brokerage to brokerage. Each of our reviews will detail what each firm offers, but below is a list of the most common options.

If you are looking for brokers that support a specific payment method:

All the factors covered above will ultimately affect the way a trader plays the markets, and therefore, their profitability. The ideal situation to get a binary broker is:

• Multiple financial assets spread across multiple markets
• Offers a reasonable bonus with a good payout 90%
• Provides traders with flexible expiry dates without too long expiry.

Trading using the broker’s platform will be enjoyable and profitable only if you are using a reputable operator. You also need to choose the one that best suits your trading style – only you will know what that is. Read the above binary broker reviews carefully before making an important trading decision, but remember that you are not bound to any one broker, and can pick and choose.