The best recommended and verified broker IQ Option
|FREE DEMO ACCOUNT||100/100||Review||Visit Broker|
IQOption is one of the newer binary options brokers and it may be interesting especially to more experienced traders who want to try their newly built strategy. That’s because IQOption offers, apart from a completely free binary options demo trading mode, also different types of graphs, i.e. candlestick charts and lots of useful indicators.
Other decent and fair brokers
|Broker||Advantages||Min Deposit||Min Trade||Payout||Demo||US Traders||Review||Open Account|
|FREE DEMO ACCOUNT||$ 10||$ 1||Up to 89 % with VIP account||Review||Visit Broker|
|$250||$24||Up to 89 %||Review||Visit Broker|
|Offers KIKO options||$250||$20||85%||Review||Visit Broker|
|100% profit spread options||$100||$10||Up to 100 %||Review||Visit Broker|
Binary options broker is, in the binary options world, a company that people trade with. First, a registration is needed. Afterwards, clien deposits money to his trading account and can start trading using their money. When client makes money, it can be withdrwan. Registration, money deposit or trying the demo mode (trading with fake money) are all very easy. There are some brokers that have very easy-to-use platforms, so we also recommend them for beginners. The list of all the brokers can be found on our website, under the Menu section.
Newest articles about brokers
On some forums, I’ve read traders’ statements saying that IQ Option had blocked their trading account. Since this broker belongs to my favorite brokers for binary options trading and also…
We’ve mentioned this already a few weeks ago. CySEC wants to ban all bonuses. In fact they are talking about the same thing over and over. Cancel the bonuses, cancel…
We don’t like the broker TopOption anymore, as we’ve informed you two weeks ago in the article ‘3 reasons why we do not recommend trade with TopOption.’ The reason is…
There is a new section on our site xbinop.com, which is called Non-recommended brokers. It is basically a list of brokers that we do not recommend to trade with. Of…
Some of you have surely noticed that at xbinop.com, we changed our opinion regarding TopOption broker. This broker used to be the best in 2014, but it became an average…
In the beginning of December last year (2016) we informed you that the broker IQ Option isn’t going to offer any more bonuses. That was an unexpected change for me,…
It is no secret what a good binary options trading strategy can do. And with IQ Options trading platform developing and optimizing your trading strategy has become easier. With such…
This article is mainly for our czech readers. I 100% recommend the TopBinary Broker to all newcomers in binary options trading for one simple reason. This broker not only offers…
All reviewed and recommended brokers were verified by depositing, trading with them and withdrawing earned funds through Skrill and/or wire transfer. We keep trading with some brokers, while we no longer cooperate with others. However, we have made deposits and traded with all listed brokers (usually at least twice a year) to evaluate their performance as good providers of binary option trade services.
The best brokers with whom we still cooperate are:
Stockpair Short Review
Clean design and impression makes Stockpair one of the strongest binary option brokers. They are fully regulated by all important commissions such as CySEC and other national banks. Stockpair’s advanced platform is a leading factor and might be the reason why it was rated as best broker of 2015.
Stockpair offers many expiration dates to choose from in binary option trades as well as in pair option trades and KIKO trades. Minimum deposit has been set to $200 for some years and it did not look like this would change. However, in February 2016, the minimum deposit was raised to $250.
|Broker||Info||Advantages||Demo||US Traders||Open Account|
Min Deposit: $250
|Offers KIKO options||Visit Broker Read Review|
Banc De Binary Short Review
Banc De Binary was founded in 2008, and has won multiple awards. BDBinary is known as the leader in the binary options market. Their online platform that does not require any downloading onto your device. Their platform is mobile and tablet friendly, but we have to say that it is a bit slower than other platforms.
This broker, being one of the largest brands in the world, is well verified by tens of thousands of traders trading with them each and every day.
Other brokers than the ones mentioned above are proven by us and do obey all regulations, however we do not trade with them. This is mainly due to slightly lower performance of platforms, smaller feature set or simply a suboptimal trading experience.
Beware of bonus
Bonuses are free money which some binary option brokers try to impose on us. Prerequisite is that all withdrawn funds have to be wagered first. Wagering means having to trade multiple times the bonus value. So, if the bonus you receive is $ 500 and you are required to wager the bonus 40 times, you have to make trades for total value of $20 000 in order to be able to withdraw your bonus funds. This means having to make let’s say 100 trades $ 200 each.
Do we like getting bonuses? Of course. It’s free money. Since most of our trades are profitable, we don’t have to worry about the wagering requirements. More on that here: Pros and cons of binary option bonuses.
All brokers require some type of identity verification prior to the funds withdrawal. For example, HighLow requires a proof of identity even before initial funds are deposited. Other brokers require the proof before first withdrawal of funds. This proof consists of:
- Identity verification (a scan of national ID, a passport or a driver’s license)
- Proof of residence (a scan of energy bill, a bank statement or a credit card statement)
- Credit card verification (a scan of you card, if a deposit is made with a credit card – you can hide the middle 8 numbers, of course)
You might ask yourselves what is the point of above procedure. Basically, if broker wants to be regulated, they need to have verified clients. Regulatory bodies such as CySEC require verifications to prevent money laundering or credit card thefts.