Important: The Best Binary Option Brokers of 2020

28 Sep 2019 Nation -Statistically speaking, your chances of earning a profit should be 50-50. However, for most online traders, the odds have dropped to less than 20%. Now, there a lot of factors that lower your chances, and choosing the wrong broker is one of them.

We are not going to lie. We were choosy. To come up with this list, we had to put into consideration all factors such as Popularity, regulatory bodies, payment methods, tradable assets, and trader base.

1. IQ Option- Editor’s Choice

Founded in 2013 with its headquarters in Russia, IQ Option is one of the best online trading platforms out there. As for safety, it’s regulated by the CySEC.

Its software and web app is fully equipped with all the tools you’ll need to bag your profits. All sorts of charts and indicators.

Before you dive in head-first, you can test your skills and their platform using a demo account with $10,000 virtual money. When you are ready, switch over to the real account where you stand to make 95% in profits on every successful trade.

$10 is the minimum amount you can deposit into your account via wire transfer, credit/debit card, and Skrill. You can use the same payment methods to withdraw your profits. Withdrawals are processed within 24 hours.

Its traders are mainly from the Russian Federation, Italy, India, Brazil, and Thailand.

2. Olymp Trade -The Efficient Runner’s Up

You must have seen these guys on YouTube Ads. However, they are not old dogs and have recently joined the race in 2014 with their headquarters in Russia.

The Financial Market Relations Resolution Center is the body regulating Olymp trade. They are also proud members of the International Financial Commission- Basically, a body responsible for regulating all things to do with finance.

You can sign up for one of their two accounts. The Standard account or The VIP account. Once you’ve signed up for the Standard account, you’ll have to deposit a minimum of $10 to be able to initiate a trading position. You can trade for as little as $1.

As for the VIP account, the minimum deposit is $2000. Yes, it’s an expensive account, but it also comes with attractive perks. A boosted profit rate of 92%, and you also get to have your very own VIP trading assistant to help through the tough times.

On average, their trading positions run for an hour. However, you are allowed to pull out and reduce your losses if you notice the odds are stacked against you.

Olymp Trade has less than 20 tradable assets under its belt. It’s not much compared to other trading brokers out there, but their quality puts them on our top spot.

Withdrawal processing is relatively fast and you should have your money in your bank account in 5 days. Supported payment methods include wire transfer, credit card, and e-wallets such as Skrill. Its large trader base is distributed across Russia, Thailand, Brazil, Indonesia, and Turkey.

3. Ayrex -Supreme Platform

Ayrex was launched and commissioned back in 2014. One of their undesirable traits is the fact that they are unregulated. However, some rumors tie them to the CySEC regulation.

Their unique trading platform is what differentiates them from all other trading brokers out there. It’s custom-made, and you’ll feel how fast it is from the very first time you lay your hands on it. It’s fast enough to support trading positions with a lifespan of 30 seconds!

You can open a trading position with as little as $1 in your account. A trading position has a maximum lifespan of 24hours.

New to trading? You can opt to try out and test your trading skills with their $1000 demo account. Remember to treat your demo account the same way you’d treat your real account. Successful trades earn 83% in profits.

Talking about real accounts… $5 is the minimum amount of money you can deposit into your account via wire transfer, credit card, Neteller, and Skrill. The same payment methods can be used for withdrawals. Ayrex processes withdrawals in less than 24hours.

Another undesirable trait is the fact that they have less than 100 tradable assets. However, we understand because they are new kids in the block. We expect our options to increase over the years.

Ayrex strongholds include South Africa, UK, Malaysia, India, and Indonesia.

4. Expert Option- Bonus Starter

Here is another youngster in the trading community. Expert Option was born in 2015. The good thing, however, they are certified by the International Financial Markets Relations Regulation Center (IFMRRC) and the Vanuatu Financial Service Commission. We’re 100% sure they are not a scam.

Their platform has a modern look that is pleasing to the eye. The design is simple and easy to use. In addition to that, you can trade with them across all devices. Start with your laptop and pick up from where you left up with your tablet or smart-phone.

They might be new to the market, but you can tell they are here for business with over 100 tradable assets. They even have the most popular asset- Cryptocurrencies.

For you to trade with one of their real accounts, you’ll have to deposit a minimum of $50. Of course, this amount varies from one trading account to another. You can choose from 5 of their account types. Each account has its unique features and perks.

Did I mention the fact that you can trade with as little as $1 and earn 96% in profits after every successful trade?

Is there a demo account? Yes, before you sign up for their real account and get a %125 bonus, you might want to practice with their demo account.

You have wire transfer, credit cards, Skrill, and Web Money to choose from when deciding on your payment method. It processes withdrawals within 48 hours and you can withdrawal as little as $10.

Expert Option is popular in India, South Africa, Indonesia, Thailand, and the United States.

5. Option Robot -The Sync Master

You longer have to open different tabs when trading. This online trader automation software is unique. It’s one of the rare software that syncs with other online trading platforms such as BDS-Swiss, StockPair, and ZeusOption. It’s like an all-in-one store.

In addition to that, the software is user-friendly and easy to use. First, you’ll have to configure it to match your trading style.

What about a demo account? Yes, Option Robot has a $1000 demo trading account you can use to sharpen your trading skills.

However, Robot Option has few trading assets. You can only trade on the major currencies. But there’s a good side to this tale, Robot Option allows you to simultaneously run 8 trades!

Using your real account, you can open a trade with as little as $5 in your account. This software offers 6 technical indicators and facilitates three trading methods.

The bulk of their traders can be found in the United States, the United Kingdom, and South Africa.