The best recommended and verified broker IQ Option

Broker Advantages Rating Review Open Account
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.

However IQ Option’s also suitable for new traders, since their minimum deposit is 10 USD and the minimum trade amount is 1 USD. What other broker offers this? Not many. That’s why there’s over 10 000 000 active traders with this broker.

Other decent and fair brokers

Broker Advantages Min Deposit Min Trade Payout Demo US Traders Review Open Account
IQ Option FREE DEMO ACCOUNT $ 10 $ 1 Up to 89 % with VIP account Demo available Review Visit Broker
24option $250 $24 Up to 89 % Demo available Review Visit Broker
StockPair Offers KIKO options $250 $20 85% Demo available Review Visit Broker
ETX Binary 100% profit spread options $100 $10 Up to 100 % Demo available Review Visit Broker
BDSwiss $100 $5 70-89% Review Visit Broker
TopOption Up to 150% Bonus $100 $10 Up to 85% Demo available Review Visit Broker

You’ll find a list of all the best binary options brokers on this website. After clicking on the picture of the broker, you’ll see all the detailed information and reviews. In case you find any mistakes, please do let us know, we’ll greatly appreciate it. We are constantly trying to add more brokers that we all can trust.

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.

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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

stockpair logoClean 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
StockPair Assets: 150
Payout: 85%
Min Deposit: $250
Offers KIKO options Demo available Visit Broker Read Review

TopOption Short Review

topoption logoThis broker is very popular among international traders from Germany, Italy, and Czech republic which might be mainly due to its licensing and registrations all over Europe and also due to its Multilanguage support (more than 20 languages supported and counting). Many traders start out with this broker, because of their minimal deposit of $ 100.

We recommend topoption to the beginners in this business, but as an experienced trader you could experience a delay in option expirations once in a while.

Broker Info Advantages Demo US Traders Open Account
TopOption Assets: 180
Payout: Up to 85%
Min Deposit: $100
Up to 150% Bonus Demo available Visit Broker Read Review

Banc De Binary Short Review

banc-de-binary-iconBanc 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.

Banc de Binary has been shut down! More info: Big changes for the start of 2017

Other brokers

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.

With CySEC regulated brokers, You should always be able to withdraw your account balance! Only the bonus money is not withdrawable before meeting the wagering requirements. However your account balance is used prior to the bonus balance, meaning if you lose some trader, you can not withdraw your whole initial deposit. This is a part of being a regulated broker.

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.

Since December 2016, regulated brokers should no longer be offering binary bonuses.

Identity verification

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.

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