One of the few solid services is IQ Option.
Binary options have been a favorite of ours for many years for several reasons. Firstly, by trading binary options you gain access to multiple markets. Secondly, you can easily invest in both upwards and downwards trends through buy and sell options. Lastly, it is an intensive and very exciting way of trading. And let’s not forget how easy it is to start trading – all you need is a trading account with a binary options broker.
A binary options broker is the service you use to gain access to the markets you want to invest in. When you have a trading account with any given regulated broker, you can analyze the market, open and close trades, and conduct all other necessary work that you need in order to make well-informed decisions. In other words, your broker will provide you with all the services you need which is why it’s important that you only use reliable services. But how do you know that a service can be trusted? Which are the best binary options brokers? Well, let us try to explain that to you.
Find a Good Binary Options Broker
You have two choices when you’re looking for a binary options broker. You either go with one of our recommendations, read all the reviews, and choose the broker that suits your needs the best. This is the easiest option and a solution that we recommend since it guarantees that you’ll end up with a reliable broker.
The second option is to evaluate the market on your own and search for a service that fits your personal requirements. Just remember that this is a time-consuming task that can take several days, which is why we urge you to go with one of our recommendations. However, if you really want to do it on your own, we have a couple of tips.
License and regulation – You first need to make sure that the brokers you are considering have a license to operate the type of service they offer and are regulated. In Europe there are a couple of agencies that provide binary options licenses, among them are Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in England. It’s a must that the broker you end up using has a license from either of these agencies.
By using a service with a license, you ensure that you will not be ripped off and that you will get support if anything happens. All the brokers we recommend have licenses from legitimate providers.
Platform – After you’ve made sure that the broker has the necessary licenses you will have to evaluate the platform they work with. You will be using the platform for all your trades and transactions thus it’s important that you find one that you feel comfortable with. The best way to test a platform is to open a demo account with the broker and start trading without risks. This way you get to test all the functions and features before you deposit money and start trading binary options for real money.
Assets – The last step is to check the selection. What markets and underlying assets can you invest in? Make sure that all the assets you prefer to trade with are available. If you think the broker has a limited selection we urge you to try another service. Remember that different brokers have different selections and it can be worth checking out a few before deciding.
In order for you to avoid having to evaluate all the brokers on the market, we recommend the best binary options brokers in the industry to make the selection easy for you. You can always feel comfortable with our recommendations as we would never recommend a broker that we wouldn’t use ourselves. We have also written comprehensive reviews of all the broker we recommend so that you can get all the information you might need in one place. Right now the following binary options broker is considered the best and most trustworthy on the market.
- IQ Option is one of the most well-established brands on the market. They are very serious and offer a unique product that’s different from many other options on the market.