Binary Options Brokers
Binary Options Brokers: the Good, the Bad & the Ugly
Binary options brokers are being added daily, or at least so it seems. Some of these newbies offer a fantastic addition to the binary options field. Other brokers are just in it for a quick buck, judging by their websites and aggressive marketing strategies. But how do you know which binary options brokers you can trust and which one are only there to rip you off? In our experience, the ones below are the Good (trusted), Bad (not so trusted), and Ugly (steer clear of those!) binary options brokers.
Are there any binary options brokers missing on the list that you think we should review? Please let us know in the comments. We will try to look into it as soon as possible, and update our list of Good, Bad & Ugly binary options brokers!
Go directly to our Trusted Brokers.
The binary options brokers that fit into the ‘Good’ category, are all brokers that you can find extensive reviews of on our website. These are the brokers looking for long-term, mutually beneficial relationships with traders. Some of these have already passed the bar set by the regulations officers. Others are still working on complying with the regulations, but will most likely get approval very soon. These are the Good binary options brokers.
Aimed at the UK market, this binary options broker offers a little extra especially for all non-continental Europeans. So if you’re from the UK, this broker might appeal more to you than the others. Oh, and if you’re not from the UK, you’re welcome too.
Read more about Stratx Markets.
One of the few binary options brokers which uses the TradeSmarter platform. If you’re new to binary options trading, this could very well be the broker you’re looking for. Everything is very simple and straight-forward. And the bonus is as high as it gets in this market.
Read more about 8Binary.
EZTrader (US Binary Options Broker)
As 1 of the first binary options brokers to go online, EZTrader has seen it all. No wonder this broker has everything a trader needs. Plus, there is no more intensively regulated broker that caters to US traders! So if you’re looking for a broker that has all their stuff in order, you might want to swing by EZTrader’s website.
Read more about EZTrader.
Of all the binary options brokers we know, none are as well regulated as TopOption. On top of that, none offer a threshold to new traders as low as TopOption’s, and few have as many assets you can trade. Put all those ingredients together, and you get why TopOption is such a popular binary options broker.
Read more about TopOption.
The first binary options broker that tries to make binary options trading more social. From all of the great features this broker has, the ‘Follow Me’ functionality has to be the best one. This broker actually teams you up with successful traders so you can make more money! Very innovative. Hopefully more binary options brokers will learn from interactive Option.
Read more about Interactive Option.
Some binary options brokers offer special trading competition. Opteck is one of them. You can win up to 10,000 dollars if you manage to be successful. Their bonus plan is very generous and their trading academy is large and up to date. Plus, they have their own in-house binary options signals service! Not as cutting-edge as some competitors, but definitely much better than most binary options brokers you find today.
Read more about Opteck.
Beeoptions (US Binary Options Broker)
If you’re looking for a binary options broker that likes to stir things up a bit every now and then, beeoptions is your broker. With extra trainings, special weekend promotions, and great returns, this broker boldly goes where no other binary options brokers have gone before.
Read more about beeoptions.
CherryTrade (US Binary Options Broker)
Will you pop your trading cherry at CherryTrade? Whether you are new to the online trading world or you have traded a lot of binary options in your days, this broker offers you a superb platform and some nice extras. Plus, this is 1 of only 4 trusted brokers that offers its services to US clients!
Read more about CherryTrade.
The world’s leading regulated binary options broker is what anyoption calls itself. This might not be too far from the truth, if you look at the popularity of anyoption. The combination of innovative trading solutions, great customer care and generous bonus and cash back offers make this one of the world’s best binary options brokers.
Read more about anyoption.
Not too far behind anyoption is 24Option, also an outstanding binary options broker that offers a little more than most of the competition ever will. Every popular form of binary options is available to the trader, as is an interesting bonus* when signing up. And if you like a little bit of extra tension on the trading floor, try competing in 1 of 24Option’s trading competitions and see if you can catch this binary options broker’s grand prize.
Read more about 24Option.
* Bonus Terms and Conditions apply.
Banc de Binary
Serious traders all choose the same binary options broker: Banc de Binary. This is truly the best broker when it comes to placing professional trades and improving your trading skills. anyoption may be the largest binary options broker, Banc de Binary definitely is the largest and best among the more advanced binary options traders.
Read more about Banc de Binary.
ZoomTrader (US Binary Options Broker)
In some countries, this binary options broker is the market leader. Worldwide ZoomTrader is still 1 of the bigger players, but not as big as anyoption. By using and perfecting the Tradologic online trading platform, ZoomTrader has really done its very best to make online trading as pleasant as possible. Also, there is an interesting sign up bonus wating for every trader that signs up at this binary options broker.
Read more about ZoomTrader.
Interesting bonus plan, accessible minimum deposit, low minimum trading amount and even an automated trading tool. This binary options broker means business. If you’re looking for a broker with a great loyalty program and the latest features, try SwiftOption.
Read more about SwiftOption.
A new kid in binary options brokers town, but already a force to be reckoned with. abcOptions has watched the competition closely, and has decided to do what they do, only better. This broker also uses the trusted and ingenious Tradologic platform, and uses it to offer a cutting-edge trading experience.
Read more about abcOptions.
This is where our list of binary options brokers slowly starts to deteriorate. We have been around in the binary options scene for quite some time now, and have seen many brokers come and go. Some of these brokers were not that awful, but lacked that little bit to become part of the Good binary options brokers. So if you are interested in which brokers lack just enough to end up below the good line, read all about the Bad binary options brokers below.
Or you can skip this part and go to our Trusted Brokers.
Slow and steady wins the race, right? Then why would you sign up at TradeRush? We don’t know. All we do know, is: we wouldn’t. There are numerous binary options brokers that offer a better total trading experience than TradeRush.
Banc De Swiss
The name of this binary options broker may come close to Banc de Binary, the service really, really doesn’t. You call yourself a Swiss bank, but in fact you are German? That is where oru first alarm bell goes off. And many did follow. No thank you.
This binary options broker seems to have been pulled off the market. All we get when we visit the website nowadays, is errors. Too bad, because this broker just needed a little bit more to become one of the Good binary options brokers.
Actually one of the bigger binary options brokers on the negative side of this list. More and more complaits about this broker seem to pop up on websites about binary options trading. Once you know how to filter the angry traders that have just placed an out of the money trade from the professionals, you start to see the bigger picture. And that doesn’t look good for uBinary…
Just like Windows XP, this was once THE way to go. Now? Not so much. It isn’t a typically bad operation, it just doesn’t meet the standards set by binary options brokers like anyoption, abcOptions, and Banc de Binary.
“Simple binary options trading”, is this binary options broker’s slogan. Well, d’uh. No one wants to make it harder than it is. Again, this is not a particularly bad broker. It is just not up there with the really good ones.
This binary options broker is one of the many SpotOption-based brokers. This means the platform is great, but the organization behind it can easily not be. Trading247 isn’t extremely bad. The problem is just, that when you need customer support, you are just not going to get it. The agents might want to get a bit more trading. After that, we will see where Trading247 will end up.
This is not a very well-known binary options broker. Another SpotOption platform. There is nothing in particular that comes to our (negative) attention – apart from the not too good looking website. Just not one to put on the good list (yet).
We have seen a lot of binary options brokers do a lot of bad things. Unfortunately, Binary International is one of them. To start off: no regulations. This is usually a red flag. With so many good brokers around, why invest you time (and more importantly: your money) in this one?
One of those binary options brokers that isn’t exceptionally bad, but just not good at anything either. A below average broker that seems to have just put too little energy into making a real effort. Too bad.
This is the list of all binary options brokers you should not give any money to. On this list you will find the worst brokers. More often than not, these brokers are being chased by groups of traders who want their thousands of dollars back, but can’t seem to get a hold of any employee at the broker’s office. These guys are usually the ones responsible for giving binary options trading a bad name. So if you are still browsing the web, looking to see where you will make your first deposit, please do us a favor. Read our list of the Ugly binary options brokers first.
Or you can skip this part and go to our Trusted Brokers.
Many binary options brokers offer a lot of extras to help traders with their first steps. Such usually include trader support, educational material, and maybe a demo account. Not Golden Binary. This options broker, based on the British Virgin Islands, even asks for a 25 dollar fee to process wire transfers! That is what we call dropping the ball as a binary options broker.
One of the first binary options brokers on the market. Offers a lot of bonuses, but is that really what trading is about? Maybe you should look at a binary options broker that actually puts time into offering you the right trading tools.
One Two Trade
This sounds like a game you would play in kindergarten, where you exchange stickers or something. We don’t even know if One Two Trade is a real binary options broker. They seem to believe they are more of a gambling institute. And aren’t regulated AT ALL. Enough evidence for us to immediately switch to other binary options brokers.
Looks like PanBet has been taken off the binary options market. Good riddance to bad brokers, we can only say. Just Google their name, and you will only find complaints and bad reviews.
Sounds like some Eastern scam operation, but it is actually a Russian… well… scam operation? That might be a bit too much, but calling it a good broker would also be wrong. Website looks somewhat like anyoption’s, but don’t let that fool you. We wouldn’t recommend trading with this binary options broker.
Betting is something else than trading. But this Russian broker seems to think it isn’t. Nothing we’ve ever seen that looks this terrible, turns out to be good. Let’s stick to that motto for now.
Wow. Just, wow. What happened here? “The provision of all financial services has been terminated. The Company is proceeding with the refund of any available balance in client accounts (after withholding such amounts – as per clause 16(4)(b) of the Terms and Conditions – for bank transfer fees and/or any charges for wire transfers).” Looks like this binary options broker got a taste of its own medicine. Bye bye, Ioption!
This might be the smallest trading platform we have ever come across. Apart from that, is it any good of you have a magnifying glass at hand? Well, no. The internet is packed with complaints about this broker, so you may want to pass up on this one.
The website doesn’t look bad at all. We like the orange for a change. What we don’t like, however is the bad experiences many traders have had. When you have traders teaming up to attack you as a group, you have done something wrong. One of the worst binary options brokers we have seen so far.
Vault Options is definitely not one of the Good binary options brokers. Many trader complaints circulate the web. The best review we have seen yet, is that it “offers everything other brokers also offer”. And nothing extra, except maybe incompetent customer support. Maybe you think Vault Options is more accessible than other brokers, because the first deposit is only 100 dollars. But it isn’t. It actually is 250. So they are not even honest on their website. And that makes them one of the Ugly binary options brokers.
Do NOT mistake this binary options broker for 24Option. Really. This broker couldn’t be further from its similarly named rival. There are numerous websites that have already blacklisted this broker. Better invest your money somewhere else.
No regulations, no licenses. Just a platform and a bunch of nice words to lure you into depositing your hard-earned money. Stories about account managers tricking honest traders into depositing more, people not getting their money, and many more tales of trading horror surround this binary options broker. When you look for Sycamore Options on the web, the word ‘scam’ almost comes up more often than the brand name itself. Not a pleasant trading experience.
The name of this binary options broker already reeks of malpractice. Look out for this one. Many traders have deposited their dollars at this broker, and few of them have ever seen any of them back. Although promoted widely, this broker is also blacklisted on many websites. Take it from us: there are many binary options brokers where you will be far better off.
One of the most aggressively advertising binary options brokers you will find on the web. Almost every video, website, or article about making money links to Cedar Finance. But believe us: you won’t. Many problems have occurred with this broker. In short: this binary options broker is known to not live up to its promise at all.
EZBinary thought using a name starting with EZ would help. It doesn’t. If you treat traders badly, they will come back at you. Never underestimate your traders. Shame on you, EZBinary! We’ll invest our money at another binary options broker.
If you’re slogan is “Trading made easy!”, why would you call it VIPBinary? This is was the first thing we couldn’t figure out. Then, the more we read about this binary options broker, the more we realized it should have been the least of our worries. Many bad reviews that literally have nothing good to say about this broker. Skip this one, please. For your own good.
This is one of those cases where traders are starting to realize something smells fishy. Many traders claim to have been scammed by this binary options broker. There are even rumors circulating the web that OptionBit might be manipulating data. For us, this is enough proof that you might want to not transfer your money to these guys.
The binary options brokers mentioned above are just a brief selection of the many brokers that are out there on the web. But what does it mean if a broker is not listed on this page? It doesn’t mean anything. Just that we haven’t got around to reviewing it. If there is a binary options broker you need advice on, please let us know. We will look into it and see what that binary options broker is all about. Do you disagree with anything on this list? That is cool too. You are entitled to your own opinion. You are even welcome to share it in the comments below! So let us know what you think about our list of binary options brokers!
Go to our Trusted Brokers.
Note: Binary Options Reporter’s binary options brokers list may differ from lists other binary options websites offer. This list is for reading purposes only and is in no way legally of otherwise binding. Your opinion of the right binary options brokers may vary from ours. Binary Options Reporter cannot be held liable for any losses or other damage resulting from use of or reliance on the information contained within our article about binary options brokers.