There are a number of binary options brokers operating. The traders, especially new traders, may easily get confused which broker they should select. The first parameter a trader should consider while selecting a binary options broker is its trustworthiness.
CySEC is a regulating body which regulates binary options brokers. The brokers regulated by this body are legit and you can trust them with your money. CySEC regulated binary options brokers keep separate accounts for the money of its customers and their own money for operation.
If you feel that your broker is cheating on you, you can lodge a complaint against the broker. CySEC will look into the matter and if your case is genuine, you will be compensated. It is, therefore, a wise decision to trade with a broker which is regulated by CySEC.
CySEC Regulated Binary Options Brokers
BD Swiss Broker
BD Swiss is a trustworthy binary broker. BD Swiss Holdings PLC is authorized and regulated by Cyprus Securities and Exchange Commission (License no. 199/13 and registration no. HE 300153). With over 700,000 clients the broker has made a distinct name for itself.
The key features of the broker are:
- Asset list: BD Swiss has one of the richest asset lists. It has listed over 250 assets to trade.
- Trading Platform: BD Swiss trading platform comes with advanced charting tools and indicators to manage the risk and determine price direction in a better way.
- Educational Resources: BD Swiss offers accredited trading courses and webinars which helps you develop your trading strategies and make better predictions.
- Support: The broker offers multilingual support via email, phone or Live Chat. The clients can get all the help with day to day trading activities.
ETX Capital is a trustworthy binary options broker which is based in London. It is held by the parent company Monecor Limited and it has a proven track record in the financial industry.
ETX Capital offers three platforms for its users-ETX Trader Pro, ETX MT4 and ETX Binary. ETX Trader Pro comes with the option of customization and offers tight spreads (For example 0.7 for EUR/USD, 0.9 for Dollar Sterling).
ETX MT4 is a well-designed trading platform using which the traders can perform automated trading. It comes with expert advice and custom indicators. You can analyze multiple charts using this platform which helps to make better predictions. This is a good advantage for the traders looking to invest some time in trading and executing trades based on successful strategies.
ETX Binary is an interactive platform designed for traders looking to trade in a variety of options. The payout ranges from 65% to 100% depending on the option being traded. This platform supports trading charts which helps to make better predictions. The minimum deposit is $100 and a minimum trading amount is $10 for this account.
ETX Binary has the option of opening a demo account. Following are the features of a demo account:
- Trade with virtual money
- Learn how to trade
- Check the performance of new strategies
- No chance to losing any virtual money
- Free refills if required
You can open an account with ETX Binary by depositing a minimum amount of $100. The transactions can be made via Wire/Bank Transfer, Credit/Debit cards, China UnionPay, Skrill, Neteller, Sofort, GiroPay etc.
The deposits are free of any charge. As far as withdrawal is concerned, you can make up to five transactions free of cost every month. Sixth withdrawal onwards you have to pay a withdrawal charge of $25 per withdrawal.
The broker offers a sign up bonus of 30% to 60% of the amount deposited. The bonus amount can be claimed once you have traded 30 times your awarded bonus.
ETX Capital offers a number of resources for its users to learn from. Free seminars, Trader Course, Trade Shows are offered to the traders to discuss new strategies and learn how to make better predictions. The broker also offers also keeps its users updated with the latest news and events that can trigger changes in the financial market.
XM is regulated by both CySEC and FCA. XM is a trading name of Trading Point Holdings Ltd, which wholly owns Trading Point of Financial Instruments UK Ltd (XM UK), Trading Point of Financial Instruments Pty Ltd (XM Australia), XM Global Limited (XM Global) and Trading Point of Financial Instruments Ltd (XM Cyprus).
Located in Cyprus the broker offers quality services to its clients. Its services have been recognized by trading community and XM has won several awards like Best Trading Support for 2017 (Awarded by Capital Finance International Magazine), Best FX Service Provider for 2017 (Awarded by City of London Wealth Management Awards 2017), Best FX Broker Europe for 2017 (Awarded by World Finance Magazine), Best Gold Broker 2016 (awarded by CNFOREX.COM) etc.
XM offers an excellent trading platform. The frequently used options are listed conveniently which makes trading easy. The website is available in 17 different languages. Trading can be done by an app as well which has an equally smooth trading platform.
XM offers three different types of trading account based on the amount you deposit. Membership plans of high end come with added features like account manager, priority access to customer care etc.
Transactions can be made via a number of means like Credit Cards (VISA, VISA Electron, MasterCard, Switch, and Solo), Bank Wire, Neteller, Skrill, Moneybookers, Western Union, MoneyGram, WebMoney etc. You can start trading by deposit as low as $5. It makes it very attractive for the new traders. The broker charges no commission on transactions. You can get a sign up bonus of 15% on your first deposit.
When it comes to binary options brokers, IQ Option is one of the most trusted names. Established in 2013, the broker has won various awards like Most Reliable Binary Option Broker (Master Forex-V), Most Innovative Binary Option Broker Show (FX World) and Best affiliate program in the industry (Race Award by providing excellent customer services. Its well-designed trading platform allows the users to navigate smoothly and enjoy their trading sessions.
The broker is especially good for new traders. It offers a free demo account using which the traders can trade in real market conditions with virtual currency. The demo account is also a great feature for those who are learning new strategies and want to try it out before involving real money. The minimum deposit amount is as low as $10 and you can execute a trade with just $1.
The broker supports a number of transaction options like Credit Cards, Money Wallets, Wire Transfer, PayPal, WebMoney, Qiwi, Yandex Money, Credit Card Deposit by Phone, Boleto, Skrill, Multibanco etc. You can make up to 92% for a correct prediction which is one of the highest offered by any broker.
IQ Option makes sure that your withdrawals are processed smoothly. Withdrawal requests are processed quickly and this duration is shorted than other binary options brokers. IQ Option also offers a splendid customer service to its users. The team of well-trained customer service associates is always ready to help you out.
Changing With the Time
IQ Option is a dynamic broker and keeps up with changing customer requirements. Understanding the fact that many customers like to trade on the go, IQ Option has developed a user-friendly app. This app has been carefully designed to ensure that the traders can access all the important information and trade swiftly using their smartphones.
The broker has also included cryptocurrencies in the asset list available for trading and introduced new trading styles to meet the changing trader requirements.
IQ Option is truly an amazing binary options broker. It offers amazing trading experience, high payouts and changes to meet the user requirements.