How to choose the best Binary Options broker

We’ve investigated the world’s most reputable brokers, to bring you a list of the top best and trustworthy. These are all regulated and serious brokers, which we use for our own trading as well.

These are the important factors to consider when choosing which broker to use:

Security of funds and Regulation

The best way to be sure you are dealing with a reputable broker is to check if it is regulated by any financial authority, such as CySEC (Cyprus Securities and Exchange Commission) which follows European Union regulations or British FSA (Financial Conduct Authority). Other regulation that's also seen with binary options brokers is the ASIC Australian regulation and the FSPR (New Zealand). 

High quality, user friendly trading platform

Evaluate the trading platform to confirm that you like its interface. If the broker offers a demo account it is a good idea to play with the demo account. Make sure you are comfortable using their software, whether it is PC web based or a mobile app.

Client service

Many brokers provide phone and online chat support, while others only use email. Is the support you are getting knowledgeable, kind and helpful? Your questions are answered immediately or within a reasonable time?

Payouts

This is the profit you get when a binary option expires and your prediction was correct. Each broker sets their own payout, for each individual available trade.  A good payout for most short term binary option contracts is 70% - 85%, while some brokerage may pay as low as 60%. A higher payout from a broker means you have much higher chances to succeed.

Selection of assets

A wide selection of assets to trade gives you flexibility and multiple trading opportunities. If you use a signal service which offers a wide selection of assets, you can be sure that you can actually trade on all the signals.

Withdrawals

Some brokerages are famous for being extremely slow returning money to clients. You want to avoid such brokerages. We've gotten a lot of complaints regarding broker withdrawal hurdles, and consequently removed many brokers from our recommended list. 

However, for the brokers listed below, we've heard nothing but good feedback.

Now that we’ve covered the basics, these are the brokers that we hand-picked, out of the hundreds of brokers available, to provide the best on all of these aspects: