Best Binary Options Brokers

It first started in 2008 when binary options were accepted for trading in the mainstream financial market in the U.S. Since then we have seen a proliferation of brokers cropping up on the internet to cater for this market. On the upside this gives customers a choice of broker – with choice comes competition and brokers competing against each other to get your business. Competition means good benefits and services for you, the end user. However, the problem arises where you just have too many to choose from. This is a relatively new market and overall still unregulated. For an average retail trader lacking any experience in online trading, it’s a huge step. Here at BestForexBrokers.co, we do the hard work so you don’t have to. Here are our current recommended binary options brokers:

Broker Bonus Min Deposit Payout US Traders Review Open Account
Stockpair Varies $200 Up to 350% USA Allowed Review Visit Broker

What is there to distinguish a good broker from a bad broker?

When we look at many of the review sites on the web, you may see suggestions to go for a broker offering the highest payout or bonus offer. But the real question is, what is the point of having high bonuses or payouts when you can’t collect them in the end? Once you begin to understand that withdrawal times and customer services rank higher in priority to payouts, you can begin to appreciate the core aspects of a good broker. This is common sense and it applies to all areas of the financial markets regardless of whether it is the forex market, stock market, futures market or binary options market.

Perhaps it is safe to say that when it comes to dealing with an online broker, what most people would look for is security and protection…”How safe would my money be?”.  “Might my broker run away with all my deposit or profits?” These are the questions that I would ask. Regardless of bonuses or payout ratio, I would want be assured that I can collect at the end of the day. Otherwise, it would make more sense to spend my money in a casino than with an unknown entity online.

Because of its newness, there were no established protocols to deal with this new type of trading instrument. Some markets regarded binaries as gambling while some markets regarded as an incidental derivative. The fact is binary options was never really regarded as a serious thing until a small tiny Mediterranean country decided that it would start regulating the trading of this market in the late 2012. So by the start of 2013, the Cyprus Securities and Exchange Commission (CySEC) began to formulate rules and regulations which would govern the trading of this new instrument. The CySEC decision is impactful because it meant that for once binary options would be regulated. What is more significant is the fact that the impact is felt throughout the entire eurozone as Cyprus is a member of the European Union (EU).

The main objective of regulation was to give added protection to clients of brokers in this industry. The weak and the questionable no doubt will get weeded out for not being able to comply with the new requirements imposed by the authorities. It is with this in mind that we have compiled the best binary options brokers list. Any serious and legitimate business entity if it wishes to comply with the operational conditions will naturally adapt to the changing circumstances. So let’s look at our list of best binary options broker for the year 2013. These are brokers that have been vetted of course by CySEC and carry regulation but also vetted by us. The list is not long:

  • Anyoption
  • Banc De Binary
  • IOption
  • TopOption
  • Traderush
  • Stockpair

We’ve made this list short on purpose because of the simple fact that these brokers have taken the initiative to be regulated within 6 months of the new regulations coming out. Now when you are in a multi million dollar business like the binary options brokerage business and you are still not on top of changes within the financial environment, it does speak very loudly as to how the broker will take care of it clients. Perhaps other brokers are in the process of applying to be regulated but until they have received their official license from CySEC, we dare not include them in our list.

Binary Options Platforms

Related Articles About Binary Options Brokers

VN:F [1.9.22_1171]
Rating: 4.0/5 (6 votes cast)
Binary Options, 4.0 out of 5 based on 6 ratings