Brokers of binary options
A great variety of binary option brokers makes it difficult for a novice trader to make a right choice of a broker. Choosing a broker right is a key to any trader’s success.
On my website, you can see the history of my earnings on binary options. I am trading with a trusted platform OptionBit which has gained a reputation of a reliable and stable binary option broker.
I tested these brokers personally and I can assure you that you can trade with them safely. Each one of these platforms has its specific features, advantages and drawbacks which I will cover later.
For the starters, I made a table comparing these brokers in order for you to evaluate their terms and requirements and choose the one that suits you the best.
|Payout||Up to 81%||Up to 71%||Up to 89%||Up to 85%|
|Minimum Deposit||100$||5000 rubles||250$||100$|
|Methods of Crediting Your Account||
VISA/MasterCard, Yandex.money, WebMoney, CashU, Moneta, Skrill, NETELLER, wire transfer
|VISA/MasterCard, WebMoney, CashU, Moneta, wire transfer||VISA/MasterCard, WebMoney, QIWI, CashU, Liberty Reserve, MoneyBookers, wire transfer||VISA/MasterCard, WebMoney, wire transfer|
|Minimum Stake||10$||1000 rubles||24$||
20$ (Standard options)5$ (60 Second options)
|60 Second Options"||Yes||Yes||Yes||Yes|
|One Touch options||Yes||Yes||Yes||Yes|
|Signals for Binary Options||Yes/ Algobit||No||No||No|
|Number of Assets||Over 100||Over 200||Over 115||Over 100|
First of all, I would like to draw your attention to the OptionBit trading platform.
OptionBit is a trading platform that offers investors and traders an opportunity to trade stocks, currency pairs, and indices in the form of binary options. It is very easy to understand and use. This is a multi-language platform that supports the Russian language as well. You can always contact OptionBit via phone, chat, or e-mail. You will be pleasantly surprised by its bonus program as well: 10% to 100% and more. Once I got 125% of my deposit. Bonuses help expand opportunities of trading and receive an extra profit. Here you can learn about the ways of winning your bonuses back.
OptionBit offers a very easy registration procedure. All you need to do is to fill out the required fields: First Name, Last Name, Mobile (with a code), E-mail, Password – and click on START button.
Once you registered and entered your personal cabinet, you will see a screen shot below:
To start trading, you need to credit your account. Click on the Cashier tab (top menu). Now you need to select a method of crediting your account: credit card (you can use a debit card as well), WebMoney, Yandex.money, or wire transfer. Once you selected the method of crediting your account and entered the amount of your deposit (minimum deposit is 3,000 rubles), click on Safe Exit button and follow instructions. After the registration is completed, the money will be credited to your account. Now you can start trading.
Trading binary options at OptionBit platform is very easy. On the left, you can see all underlying assets (currencies, indices, stocks, commodities), their expiry time, and payment. On the right, there is a chart showing price movement of the selected asset. In the middle you can see a current price of the asset (it is changing every second), as well as ABOVE and BELOW buttons.
To purchase an option, select the asset on the left, its direction (click on ABOVE if you think that the price will be going up, click BELOW if you think the price will be going down), enter the investment amount ($10 minimum), and click on TRADE button.
Note the time given under the chart (time to invest: 12:52). It is a hint for traders showing how much time to purchase a certain option is left. Once this time is out (it reads 0:00), you won’t be able to purchase an option and you can just watch the price moving till the expiry time (waiting time is 5 minutes).
If your prediction turns out to be true, in 5 minutes you will receive up to 81 % profit to your account.
For particularly impatient traders, the platform offers a trading tool called TURBO. Using it, you can purchase options due in 60 seconds.
Note that at once you can purchase several options of the same asset, of different assets, with the same expiry time or with different expiry times.
The best thing! To withdraw your money from your account, go to Cashier section (top menu), click on Withdraw option, enter the amount, select the withdrawal method, click on WITHDRAW button and follow the instructions.
Note that withdrawal is free only once a month. Subsequent withdrawals within the same calendar month are charged with a 30 dollar/euro/pound commission each.
I WISH YOU LUCK at OptionBit platform!!!
Now let’s talk about the next binary option broker called AnyOption. It offers over 200 underlying assets, including stocks, commodities, currency pairs and indices. AnyOption offers an opportunity to choose any expiry time – from 1 minute to 1 month. It also has its bonus system.
AnyОption is the largest professional trading platform that unites thousands of loyal users from all over the world. Traders can trade 24/7 from any place. AnyOption website and mobile applications is a great way to make good profit. Technical support in Russian is available around the clock.
Registration is easy, fast and free. Below there are screen shots of a registration form that must be filled out in 2 stages:
The user can start trading immediately. True predictions allow you to receive 65-71% payout. This broker offers a great advantage: if your prediction is false, you receive 15% of your investment amount back.
Example: you purchased a $300 Apple option. The option turned out to be profitable (the price moved down) and you received a 71% payout which is $513. If your prediction is false (the price didn’t go up), you will get 15% of your investment amount, which is $45.
I liked a trading tool called Option+ offered by AnyОption. By using it you can cancel (sell) your option anytime, even one minute after you purchased it. If you see that your option is profitable, you can take your profit immediately, without waiting or taking any risks. If your option is unprofitable, you can cancel it and save the most part of your investment amount.
Once you registered and entered your personal cabinet, you will see a screen shot below:
To start trading, you need to credit your account. Go to BANK SERVICES section (top menu). Select your country from the list and click on CREDIT ACCOUNT button. Now you need to select a method of crediting your account (on the left side): bank card, WebMoney, payments within the country, or wire transfer. Once you selected the method of crediting your account and entered the amount of your deposit (minimum deposit is 5,000 rubles), click on Execute button and follow instructions. Once the procedure is completed, the money will be credited to your account. Now you can start trading.
Trading binary option at AnyОption platform is easy.
I use Option+ trading tool, so I decided to tell you about it in more detail. Click on Option+ tab. You will see a chart of price movement. On the right you can see the current asset (in our case, this is EUR/USD due at 10:15). If you want to select another asset, click on a small yellow triangular to the right of the asset and select the asset.
To purchase an option, select its direction (CALL or PUT), enter the investment amount (1,000 rubles minimum), and click on Buy button.
After you have purchased the option, you can cancel (sell) it. Depending on the correctness of your prediction, you can sell it with profit or with minimum loss.
I had a situation when my prediction was turning out to be true for a very long time so I didn’t use the Cancel option. After the option expired I received a 60% payout.
Note that several minutes before the option expires you cannot cancel it.
If your prediction turned out to be false, you will receive 15% of your investment amount back.
To use the Cancel function and see how much money AnyОption offers for it, click on Sell button. Current options that have not expired yet, are shown on the right under the MY OPTION inscription.
The best thing! To withdraw your profit or to withdraw money from your account, go to MY ACCOUNT section (top menu), click on Withdraw option, enter the amount, select the withdrawal method, click on Execute button and follow the instructions.
I WISH YOU LUCK at AnyОption platform!!!
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24Option is another binary option broker that is worth my and your attention. I had positive experience trading with it because it offers a lot of advantages.
- Accurate order execution and accurate quotations.
- Personal manager is available 24/7 and is ready to provide you with theoretical support, check if you are doing everything right and give you a piece of advice..
- Wide range of functions and user-friendly interface. Dark-colored interface protects your eyes from growing weary, which is very important if you trade for long periods of time.
- Pretty good bonus system: 20% to 100% depending on the deposit amount.
- Early Closure function which is very important for me, as you have already noticed.
24Option supports 15 languages, which is a proof of its popularity, convenience and reliability. The level of services meets international and personal requirements. Having your broker available 24/7 (phone, chat, Skype) is of crucial importance, too.
Minimum deposit is only 250$. Minimum investment amount is 24$.
Registration is fast and easy. You can start trading immediately. True predictions will bring you 65-85% of the invested amount.
Fill out the registration form (see the screen shot below):
On entering your personal cabinet you can select an asset you would like to trade. As you see from the screen shot below, I selected EUR/USD currency pair:
To start trading you need to credit your account.
Go to Finance section (top menu) and select the method of crediting your account (on the left): credit card, wire transfer, MoneyBookers, Liberty Reserve, CashU, eWallet, China Union (this method is unknown to me).
Enter the amount of your deposit (250$ minimum), fill out other required information, click on Credit Money button and follow the instructions.
After the procedure is completed, the money will be credited to your account. Now you can start trading.
Trading binary options via 24Option is pretty easy. On the left, you can see the list of assets (currencies, indices, commodities), market price of an asset, expiry time, and payout.
To purchase an option, point the cursor at the asset you have chosen and click on it. On the right you will see a chart showing price movement for the selected asset. Now you need to select the direction: Above or Below, enter the amount of investment (24$ minimum), select the expiry time and click on BUY button.
Note the time given above the chart (The trade closes at: 01:00). It is a hint for traders showing how much time to purchase a certain option is left.
Once this time is out (it reads 0:00), you won’t be able to purchase an option and you can just watch the price moving till the expiry time (waiting time is 5 minutes).
If your prediction is true, in 5 minutes you will receive up to 85% of the invested amount.
Early Closure function is activated via a sign in the middle of the screen. You can activate it on certain stages of your trade. This function is unavailable during the first three minutes and the last five minutes of the trade.
To activate Early Closure function, click on Close button under Marker Price and Base Price indicators. The price shown above the button is current price. Your option will close at current price. Click on the button - and Early Closure function is activated! This is easy-to-use and fast tool for successful trading offered by 24option platform.
Early Closure function allows the trader to get out of trade before the option is due and receive a part of profit. For example, if at the moment your prediction is true but you are not sure if the price will continue moving in the predicted direction, you can close your option early and receive 10% to 70% of the profit.
However, you can face another situation. For example, the price changed its direction sharply and you see that you trade is going to lose. By using Early Closure function, you can get out of your trade and get a part of the invested amount back.
Impatient traders can use a trading tool called SHORT-TERM which allows them to purchase options with expiry time of 60 seconds and payout of up to 70%.
The best thing! To withdraw earned profit or money from your account, go to FINANCE section (top menu), select Withdraw option, enter the amount you want to withdraw, click on Proceed button, and follow instructions.
I WISH YOU SUCCESSFUL TRADING at 24Оption platform!!!
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I was pleasantly surprised that minimum investment for 60 Second options is only 5 dollars. This is the smallest amount compared to other brokers.
Another advantage is that minimum deposit is as low as 100 dollars. This is great news for those traders who have limited startup capital but still want to make money on binary options.
Thus, uTrader is a wonderful platform for beginning traders with small amount of capital.
uTrader offers such function as Early Closure. Trading using this option is less risky: if your prediction is false and the price is moving in the opposite direction, you can sell your option with minimum loss before it is due. Or another situation: if your prediction is true and the price is moving in the predicted direction, you can sell the option and take your profit.
To start trading at uTrader platform, you need to register and credit your account.
To complete the registration successfully, enter the required information (first name, last name, e-mail, country, mobile phone) and click on Open Account button.
To open a position, follow these steps:
- Select the type of asset and the asset itself from the list of available options, then select expiry time.
2. Click on UP if you think that after the option is due, the price will be above its current level. Click on DOWN if you think that the price will be below its current level.
3. Enter the amount of money you want to invest, click on Enter button and wait till the option expires.
You can see all your purchased options in the section Open Positions. You can see all your expired options in the section History.
Pay attention to the chart that shows options purchased by other traders and to the online chart showing quotations of the asset you selected. These tools will help you to make a correct prediction.
I WISH YOU SUCCESSFUL TRADING at uTrader platform!!!
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I hope that you will find this information useful and make a right choice of broker.