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Getting involved in binary options trading is one of the easiest ways to invest. We have reviewed many brokers and have compiled the very best.
Below we take a closer look at some of the best binary options platforms.
IQ Option – Established in 2013, this is the most popular and successful binary options trading platform. You can download an app, or invest directly via your browser. They offer multichart layouts, technical analysis, historical quotes and more.
With over 100 widely-used technical indicators and widgets, as well as newsfeeds and economic calendars they make it easy to be informed and make knowledgeable trading decisions.
Risk management is always extremely important especially when trading binary options. They have the tools to ensure you are successful, including the ability to set Stop Loss/Take Profit, along with Negative balance protection and Trailing Stops. This fully enables you to manage your losses and profits at levels that you have predetermined.
If you are social than you may enjoy the IQ community, this is a forum that offers the opportunity to discuss trading opportunities. If you are feeling more passive that you can simply choose follow other traders with options such as Traders’ Sentiment and Community Live Deals.
If you feel like diversifying your trading opportunities, they also offer CFDs on stocks and ETFs, as well as Forex trading.
Binary.com – Founded in 1999, this is one of the oldest companies in the industry. They have over 1 million traders, and have 100+ tradeable instruments. To make it easy to get on board, they offer a practice account with replenishable 10,000 USD in virtual credit. This is a good way to test the waters before depositing funds.
This platform is shockingly easy to use, you will also have access to real-time prices that are 100% benchmarked against the interbank options markets. You can choose simply rise/fall contracts, or if you are searching for higher returns you can choose higher/lower and touch/no-touch trades.
You can trade all major currencies, stock indices, commodities, and synthetic indices. The duration of the trade can be anywhere from 10 seconds to a maximum of 365 days.
An extremely important option that they offer is the ability to sell your contract before expiry to keep any profit you may have made or to minimize your loss.
To be specific a vanilla option is a financial instrument that gives the trader of the option the right, without an obligation, to buy or sell an underlying asset at a predetermined price within a given timeframe.
If you are looking at various types of trading such as CFDs, forex, than this is the best on our list. Choose from over 40 and any combination of CALL and PUT options in one single account. If you like to advanced options, then Execute Straddles, Strangles, Risk Reversals, Spreads, and other Strategies, with just one click.