BINARY OPTIONS BROKERS REVIEWS
Binary Brokers first appeared in 2008. The industry is largely unregulated and most brokers are based out of Cyprus. Take caution when getting into this market and be sure to read reviews on any broker you are considering. There are definitely safer and more reputable brokers than others and not all brokers accept US traders. Access brokers by trade types, time frames, markets traded, incentives offered but most importantly how safe is your money- how difficult is it to withdraw or close out your account. Read the reviews below and offer your comments so we can all benefit from our shared knowledge and avoid any scams.
#1 BINARY OPTIONS TRADING BROKERS
OPTIONBIT REVIEW
OptionBit was founded in 2010 and like most binary brokers is unregulated and based out of Cyprus. They offer a wide variety of strategies and time frames including a close-out and an extend trade feature. They don’t offer as many markets as most brokers but do have a demo account to practice trading. Traders from the US are welcome.
#2 BINARY OPTIONS TRADING BROKERS
ANYOPTION REVIEW
AnyOption is a well-established binary broker, unregulated and based in Cyprus. They have a solid reputation and a proprietary platform no used by other brokers. They don’t trade 60 sec or 5 min markets and there is little in way of education but they do use Reuters for news and research. There is no demo account and US traders are welcome.
#3 BINARY OPTIONS TRADING BROKERS
24OPTION REVIEW
24options unlike most binary brokers is regulated and based out of London. They offer fewer trade types than most brokers but do offer a demo account with a full funded account. They have extensive training and tutorials but don’t have any research tools at the time of this review. With strong new-comer incentives many choose this broker.
#4 BINARY OPTIONS TRADING BROKERS
iOPTION REVIEW
iOption is no longer in business check-out the other recommended binary brokers.
iOptions was one of the first binary brokers and is unregulated and based in Cyprus. It does not allow US traders nor offer a demo account. They do have a large range of trade types, time frames as well as markets to trade but at the time of this review there was no app for smart phones. They did receive an award from FXEmpire for most reliable binary broker in 2011.
#5 BINARY OPTIONS TRADING BROKERS
EZTRADER REVIEW
EZTrader was one of the first binary brokers but had a rocky start. After a purchase by WGM 2011 they improved considerably. US traders are welcome. They have a desktop platform as well as a reputable app for smart phones. They only offer 2 trade types; high/low and take profit and 3 time frames; 1 hour, 1 day and 1 week. They offer a modest amount of markets to trade and have decent education. With a strong new-comer incentive and simple to use platform many beginners start with this broker.