Binary Options Reviews
Let the experts help you avoid bad brokers and scams
With the advent of the internet, opportunities to earn money online have increased exponentially. Many people have continued their jobs while working from home, and others have discovered very creative ways to make a living while sitting in front of a computer screen.
One of the best examples of this can be found in the world of financial markets.
For many years, decades even, the world of stock market trading was like an exclusive men's’ club, which catered to individuals with a background (and usually a university degree) in finance. Only they understood it. Only they knew how to earn money from it. And only they could predict with any level of accuracy how markets would move in the near and distant future.
However, over the past decade, that entire world, and the ability to earn money within it, has undergone a tremendous transformation.
Binary options trading has taken the world by storm. The name is somewhat misleading, because while “trading” does make it clear that it is connected to the stock market, binary options traders never actually buy, own, or trade shares.
The key to understanding binary options is in the name itself. The word “binary” means “two” and binary options are called such because there are two possible outcomes for every trade - either the asset price will rise or it will fall, and either the trader will earn money on the trade, or he will lose.
|Rank||Broker||Bonus||RegulatedYou see here that the Binary Options Broker is licensed with minimum one authority. To trade with a regulated Binary Options Broker is absolutely recommend||Expert ratingsDescription for the data shown in the column goes here, to this tooltip box||Min.|
depositThe minimum deposit required by the broker to start trading
|Payout||Supported devices||Trade now|
|1||100%||read review||$250||88%||Trade now|
|2||Up to 125%||read review||€50||85%||Trade now|
|3||50%||read review||$100||100%||Trade now|
Broker of the month
|No Bonus||read review||$100||100%||Trade now|
|5||100%||read review||$250||95%||Trade now|
|6||Up to $50,000|
in BinaryCM Rewards
|read review||$250||90%||Trade now|
|7||100%||read review||$250||92%||Trade now|
|8||$50 cash back |
on initial trades
|read review||€50||190%||Trade now|
|9||Occasional promotions, |
but no set welcome bonus
|read review||$100||85%||Trade now|
|10||No Bonus||read review||$10||Up to 92%||Trade now|
|11||Free Trading Days||read review||$250||100%||Trade now|
There are several crucial differences between binary options and traditional stock market trading, and exploring these differences can help people understand exactly what binary options trading is.
As mentioned above, trading binary options does not involve buying or owning shares of an asset. This is particularly relevant because it means that trading binary options does not affect the actual asset prices.
One of the most important factors in how asset prices move is that of supply and demand. If a trader buys, for example, 1,000 shares of a particular stock, it means that there are fewer shares available, which in turn makes them more valuable. By the same token, if a trader sells 1,000 shares, the sudden availability of those shares drives the price down.
Binary options trading, on the other hand, is investing in what the trader believes an asset price will do in the given time period. Because it is a prediction and not an action of buying or selling, the asset price remains unaffected by the trader’s investment.
Binary options trades can be successful even when the asset price has dropped. In traditional stock market activity, a trader earns money if he sells his shares at a higher price than what he paid for them. If the price has dropped and he sells for less than what he paid - he loses money.
Not so with binary options.A trader must use fundamental and technical analysis to determine which direction an asset price will move. If he believes it will fall, rather than avoiding the stock, as he would (and should) when trading on the actual stock market, he would purchase a Put (or Down) option. At the expiry time, if the price has indeed dropped, then the transaction is successful and the trader earns a profit.
Binary options have a set expiry time, which means that the trader does not need to be pressured when to buy or sell. In traditional stock market trades, the trader’s profit (or loss) is completely dependant on when he buys and sells the asset shares. Timing is crucial to either maximize profits and avoid loss, or to minimize loss as much as possible. In binary options, the trade has a set expiry time - usually somewhere between 10-30 minutes (although there are short-term trades as short as 30 seconds and long-term as far ahead as a year). Whatever the expiry time, that is when the trade closes - very simple. If the asset price moved as the trader predicted it would - either up or down - then the trade is a successful one and the trader has earned a profit.
Possibly the biggest difference between binary options and traditional stock market trading is that binary options is basically accessible to everyone. The more one learns, the more successful he is likely to trade, but unlike traditional stock market trading, even people with no background in financial markets can do it and do so profitably.
While the last point is crucial - anybody really can be successful in trading binary options - finding the right online broker can be one of the most significant factors in determining that success.
There are literally thousands of brokers to choose from, and - unfortunately - not all of them are reliable ones. Some brokers are honest, but simply not very good, and others are downright scams. Others yet may be excellent brokers, honest, reliable, completely “above board,” but simply not right for a trader's individual needs.
That’s where Top 11 Binary Options comes in. Our team of experienced traders - both on the stock market and in binary options - have come together to review all of the online brokers that we find.
The beauty of what we do is that we go far beyond the baseline questions of whether or not a broker is a scam or not. There are so many questions that make the difference between a positive experience trading binary options and a negative: What types of trades are available on the platform and how high are the potential returns on investment (ROI)? What are the welcome bonuses and promotions that brokers offer new traders? How easy is it to navigate the trading platform? Is the broker regulated by an overseeing body? Does the broker provide online educational tools for traders? How accessible is the customer service team and how professional is it?
On this site we explore all of these questions and more, thus allowing you, the trader, to find the online broker (or brokers) that best fits your needs and individual style. The better the fit, the more you can earn.