Binary Options Broker Guide 2013

The Definitive Guide to the Top Binary Option Brokers in 2013

Welcome to the Internet's most comprehensive guide to Binary Option Brokers.
The guide below concisely lays out the essential facts about the most well-established binary brokers in operation today. The guide covers what we consider to be the most important aspects of a broker's trading services including what underlying assets are offered, the maximum payout rate, the minimum deposit required to open a new account and more. A full description of each of the terms used in the table below is available at the bottom of the page. Please share the guide if you've found it useful!

Rank
Broker
US Traders
Free Demo
Assets
Payout
Min. Deposit
Protection
Bonus
Features

1
Stocks:
18
Forex Pairs:
13
Commodites:
9
Indices:
21
81%
$200
10%
50%
Up/Down
Touch
60 Second
Rollover
2
Stocks:
40
Forex Pairs:
12
Commodites:
9
Indices:
20
88%
$500
10%
100%
Up/Down
Touch
Option Builder
Rollover
3
Stocks:
9
Forex Pairs:
9
Commodites:
3
Indices:
10
89%
$200
10%
50%
Up/Down
Touch
Boundary
Closable
4.
Stocks:
33
Forex Pairs:
15
Commodites:
7
Indices:
28
81%
$250
10%
100%
Up/Down
Touch
Option Builder
Rollover
5.
Stocks:
45
Forex Pairs:
9
Commodites:
4
Indices:
31
71%
$100
15%
25%
Up/Down
Touch
Mobile Trader
Closable
6.
Stocks:
7
Forex Pairs:
9
Commodites:
2
Indices:
5
85%
$200
10%
40%
Up/Down
Touch
Boundary
Closable
7.
Stocks:
41
Forex Pairs:
8
Commodites:
6
Indices:
6
85%
$250
10%
50%
Up/Down
8.
Stocks:
31
Forex Pairs:
15
Commodites:
7
Indices:
18
81%
$150
5%
25%
Up/Down
Touch
Option Builder
9.
Stocks:
7
Forex Pairs:
30
Commodites:
8
Indices:
7
85%
$100
10%
30%
Up/Down
Closable
10.
Stocks:
18
Forex Pairs:
15
Commodites:
3
Indices:
22
225%+
$10
0%
Free Guide
Up/Down
Touch
Boundary
Closable
11.
Stocks:
6
Forex Pairs:
15
Commodites:
5
Indices:
4
100%
$200
15%
50%
Up/Down
Touch
12.
Stocks:
15
Forex Pairs:
12
Commodites:
4
Indices:
21
75%
$100
10%
50%
Up/Down
Touch
Boundary
Rollover
13.
Stocks:
40
Forex Pairs:
8
Commodites:
6
Indices:
6
85%
$100
10%
$500
Up/Down
14.
Stocks:
13
Forex Pairs:
11
Commodites:
6
Indices:
13
81%
$500
5%
50%
Up/Down
Touch
Boundary
Rollover
15.
Forex Pairs:
11
Commodities:
2
80%
$1
0%
30%
Up/Down
16.
Stocks:
7
Forex Pairs:
9
Commodites:
2
Indices:
5
85%
$200
10%
30%
Up/Down
Touch
Boundary
Closable
17.
Stocks:
8
Forex Pairs:
7
Commodites:
4
Indices:
10
95%
$100
10%
40%
Up/Down

Key

Each binary option broker is evaluated based on the following features:

US Traders: Does the broker offer trading services to clients who are located in the US?

Free Demo: Does the broker offer a free binary options demo account to new clients?

Assets: Which underlying assets does the broker offer binary options for?

Payout: What is the maximum payout the broker offers on standard Up/Down binary options?

Minimum Deposit: What is the minimum deposit required in order to open a new trading account?

Protection: What is the maximum rate the broker offers for binary options that finish out-of-the-money?

Bonus: What is the maximum deposit bonus the broker offers for new depositing trading clients?

Features

Here is a description of what each phrase in the features column means:

Up/Down: The broker offers Up/Down or Above/Below binary options whereby the underlying asset's value at the option's expiry time must either be higher than or lower than a predetermined value to generate the payout.

Touch: The broker offers Touch binary options whereby the underlying asset's value must reach a predetermined value at or before expiry time to generate the payout.

Option Builder: The broker allows traders to customize their binary options by selecting the asset, the payout amount and the expiry time.

Closable: The broker allows executed binary options to be sold or closed before expiry time.

Boundary: The broker offers binary options whereby the underlying asset's value must reach the option's expiry time within or without a certain predetermined range of values to generate the payout.

60 Second: The broker offers Up/Down binary options with an expiry time 60 seconds from trade execution time.

Rollover: The broker allows traders to push back binary options that are trading out-of-the-money to a later expiry time in exchange for a small fee.

Mobile Trader: The broker offers an iPhone/Android application that allows clients to trade binary options from a mobile phone.

Binary Options Broker Overview


Binary options are one of the newest financial instruments to hit the markets having only been allowed to be traded openly since 2008. With new brokers appearing daily, it can be hard to sort through all the information and find the best broker for your needs. But, in addition to analysis and strategies, choosing the right broker can have a big impact on your profitability as a trader. The key things to look for in options brokers are payout rates, the platform, underlying assets offered, option types, deposit and withdrawal methods, and customer support.

Payout Rates


Even small differences in payout rates can make huge differences in your bottom line over the long term. All else being equal, you want to trade with the broker that offers you the highest payout rates.

Don't just look at the headline rates though, which many times are only how lucrative the trades can be, and not what they are at all times. Before you deposit money, look around the platform and see what the prevailing payout is for the assets you want to trade. Many times it is different than the headline on the front page of the broker website.

Also make sure to look at any money that you get back from losing trades, as this will make a huge impact in your profitability over hundreds or thousands of trades as well.

Platform


The platform that you use is going to be incredibly important as well. It should have a comfortable interface with an appealing color selection that puts the information and tools that you need at your disposal. If you don’t like the platform at first, look to see what customization options are offered.

Be careful of brokers that make binary trading too simple. Not having enough information about your trade is worse than having too much information. Try to demo the platform so that you can see what information is placed at your fingertips and how easy it is to use.

Be sure to see how easy it is for you to locate the binaries on the underlying assets you want and execute your trades on the platform. Some interfaces make locating the binary option you want more intuitive than others and it's important to be able to quickly find and execute your trades in order to be able to lock in profits when you sense the right trading entry signals.

Underlying Assets


Most digital options brokers will advertise that they offer a dizzying amount of underlying assets that you can trade. But, especially if you are new trader, you should probably only focus on a small number of assets.

Instead of being impressed at the wide range of trades that you can make, take time and think about what you know and what you want to become an expert in. Once you’ve decided, find brokers that offer the assets that you have decided to focus on.

Option Types


Most option brokers offer several different types of binary options for you to trade. The most popular options include high/low, above/below, range, and one-touch options. Depending on your trading style, you might prefer to trade one type of option over the other.

The one thing you need to watch for is if the types of options you want to trade are traded with the assets you want to trade. High/low options are offered for all the underlying assets that a digital options broker offers. However, more exotic options like range options might only be offered for a few select assets, and in some cases maybe only one asset. Make sure you can trade the asset you want, how you want before depositing your money.

Deposit and Withdrawal


Deposits and withdrawals at any binary broker should be quick and easy. Most brokers offer a very wide range of payment options and they will return your money to the same source that you used to deposit it.

The most important thing to watch is withdrawal times. Read binary option broker reviews to see how quick withdrawals are. If withdrawals take suspiciously long and the broker's customer support doesn't address the problems it can be an indication of deeper problems with the broker.

Customer Support


Finally, customer support is another vital area of a broker to look for. If there is a problem or issue that pops up with your trading, you want to know that someone is there to take care of your right away and it gets addressed professionally.

Every broker needs to have a phone number that they can be reached at. It is also now the norm to offer live chat as well as email support. Check to make sure that support will be online during the hours that you are planning on trading and is available in a language that you can speak.

Choosing the right binary options broker is one of the most important decisions you will make as a trader. It can make the difference between profits and losses in your binary trading. Keep these 6 key areas in mind when you look at brokers and you’ll end up with a winner.

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