Top 5 Best Binary Options Brokers in 2023

Binary options – one of the most exciting and affordable ways of investing in the financial markets. Their popularity continues to grow rapidly, attracting the attention of new and experienced traders. What makes binary options so attractive and what are their advantages:

• Simplicity and accessibility. Binary options provide an opportunity to trade on financial markets even for those who have no experience in investing. Their concept is simple: the trader only needs to predict whether the price of the selected asset will rise or fall over a certain period of time. This simplicity makes binary options accessible to anyone who wishes to enter the world of trading.
• Fixed returns. One of the attractions for traders is the fixed return they receive in the event of a successful trade. Traders know in advance how much they can earn on a particular trade, which makes risk management more predictable.
• Quickness and Convenience. Binary options provide fast results, as the execution time of options can be very short, ranging from a few seconds to a few hours. This makes such trading particularly attractive for those who are looking to make profits in the shortest possible time.
• Asset Diversity. Traders can choose from a variety of assets to trade, such as currency pairs, stocks, commodities and indices. This allows them to diversify their portfolio and select those assets that fit their strategy and market analysis.
• Ability to trade at any time. Binary options allow you to trade around the clock, allowing traders from different time zones to react to market events in real time.

Choosing a reliable and qualified broker plays a crucial role in a trader’s success in the binary options market. What are the key aspects to pay attention to when choosing a broker?

• Regulation and licensing. Security of trading is of paramount importance. Reliable brokers should be licensed and regulated by the relevant financial institutions.
• Reputation and experience. Reviews and recommendations of other traders will help to assess the reliability and professionalism of the company.
• Trading conditions and commissions. Making the right choice involves analyzing trading conditions such as minimum deposit size, profit payouts, commissions and spreads.
• Trading platforms and tools. Convenience and functionality play an important role. A good broker will provide reliable and intuitive tools for analyzing the market and making trades.

Choosing the right broker is the basis of successful binary options trading, so it is worth spending enough time and attention to study the different options and make a decision based on reliability, experience and services provided. Let’s take a closer look at the top 5 reliable trading platforms.

 

Binary Options Broker Pocket Option

Pocket Option – is an online platform for binary options and forex trading, providing access to various financial markets. Created in 2017, it quickly gained popularity among traders from all over the world. One of the main advantages of Pocket Option is called its user-friendly and intuitive interface, which allows beginners to quickly learn and start trading.

Bonus 50% when topping up from $50 – code 50START (Use)

Bonus 50% when depositing from $100 – code WELCOME50 (Use)

Asset types and available markets

The Pocket Option website provides access to 130+ assets Among the key assets available for trading are:

• Foreign exchanges.
• Indices. Assets that track the general market or a particular industry, which is often useful for comparing the performance of a particular stock to market levels.
• Shares. Owning a share of a company in proportion to the value of the firm and the total number of shares. Trading stocks is one of the most common tools for investing. Their prices depend on many factors, such as market changes and changes within companies or industries.
• Cryptocurrencies.
• Currency pairs. They represent the most liquid and largest market, allowing trading between different currencies.
• Commodities. Underlying commodities, such as gold or oil, that are available for trading on the platform.

Pocket Option is a relatively new company that has brought some of the most well-known cryptocurrency-related assets, such as BTC and Ether, to the options trading industry. On the main page of the platform, you’ll find a trading schedule that displays the instruments being traded, as well as the return on each trade in percentages. The schedule also includes the common and OTC instruments, the duration of operation for each of them.

To better navigate among the available assets, you can use search or select a category that matches your interests. Pocket Option provides a convenient opportunity to add your favorite assets to your favorites for quick access to them. This platform offers a wide range of investment opportunities, and each trader can choose the most suitable asset and trading method, taking into account their goals and strategies.

Minimum deposit and size of transactions

The platform has set the minimum deposit for a live account at 5 USD. This is a small amount for such a platform, especially compared to other exchanges. The minimum bet amount in one trade is 1 USD.

Percentage of payout on successful trades

Pocket Option is known in the binary options market for its generous payouts. Despite the minimum payout percentage of 50%, their average payout is much higher than this figure. Typically, successful high/low predictions can bring between 80 and 100% payouts.

According to the information provided on Pocket Option’s official website, their clients can receive payouts as high as 218%, which is indeed an impressive result. At the same time, other leading binary options brokers usually limit the maximum payout to 200%.

Typically, the high/low trading strategy yields higher payouts than other types of binary options trading, such as ladder/pair options. Using 60-second trades with high/low options can be an effective way to familiarize yourself with the platform and increase your account balance in the shortest time possible. But you should be careful when trading high/low options, as too many failed trades can lead to quick losses.

Deposit and withdrawal methods

In order to get access to the full functionality of the platform and to make trading operations and withdraw earned profits, it is necessary to undergo the verification procedure. You will need to upload scanned copies of individual pages of your passport and other documents to the site, as well as provide photos with the spread of the 1st page of your passport in your hands. The processing of documents may take several days.

When replenishing the account with Pocket Option you can use different payment methods, ranging from credit and debit cards to cryptocurrency. The exchange accepts almost all major payment methods, such as VISA, Mastercard, Maestro, debit cards, cryptocurrencies Bitcoin, Litecoin, Ethereum, Stellar, Ripple, Bitcoin Cash, Zcash, payment systems Skrill, Neteller, Qiwi, Payeer, Payoneer, Perfect Money, Webmoney, Advcash. Regardless of which option you prefer, you will have no problems when depositing or withdrawing money.

On the platform, the deposit processing time depends on the payment method you choose. If you use electronic payments or cryptocurrency, the processing is instantaneous and the funds are deposited into your account immediately. Once the funds are received, the balance will update accordingly.

When using a credit or debit card to fund your Pocket Option account, it may take up to 3-7 business days for the bank to process the card payment. Therefore, for faster replenishment, it is recommended to choose a fast payment method such as electronic payments or cryptocurrency.

The received profit can be withdrawn to the bank card or e-wallet, which was used to make a deposit. The minimum withdrawal amount is only 10 dollars per transaction. Withdrawal requests are processed within 3 days, and the commission of 0.5% is applied only when using Perfect Money e-wallet.

Commissions and spreads

Pocket Option does not impose any additional commissions on its clients when funding their accounts. But it is worth bearing in mind that when using bank cards, you may have to pay a currency conversion fee. This means that if the account and transactions are made in different currencies, the bank may charge a fee for the conversion of funds. In such cases, it is recommended that you check with your bank about the fees to avoid additional costs.

There are also no withdrawal and transaction fees on the platform. This makes this brokerage firm an attractive choice for traders, especially when compared to some competing companies in the trading sector that may offer high trading and non-trading fees.

If you decide to withdraw funds, it is worth considering that a 0.5% fee is charged for withdrawal via Perfect Money. In addition, the user’s bank may charge commissions for making the transfer. But withdrawing funds via other electronic payment methods or credit cards is usually not subject to additional fees.

Bonus 50% when topping up from $50 – code 50START (Use)

Bonus 50% when depositing from $100 – code WELCOME50 (Use)

Bonuses

Pocket Option offers different bonuses to clients. If you open an account for the first time, you can get a bonus and double the amount. To do this, apply the promo code WELCOME5 when you create an account and deposit an amount of 100 USD or more. This way you will get 50% bonus, but not more than the maximum amount of 5 000 USD. To withdraw bonus funds, you need to execute trades of 2,500 USD or more. To get the 50% bonus, you can use promo code 50START when depositing 50 USD or more.

If you have free assets that are not used in trading, you can open a safe on Pocket Option. Safes are available in USD, BTC and ETH, and provide yields up to 20%. You can increase the yield by reaching a certain turnover of trades, increasing your deposit size or activating amplifiers.

Safes have a number of advantages: the possibility of deposits and withdrawals at any time, instant transfers between accounts, many ways to deposit and withdraw funds, no fees for payments or service. Profit from the safe deposit box is paid monthly, and the rate of return varies depending on trades and amplifiers.

Also, the company Pocket Option offers traders the opportunity to participate in tournaments that provide additional prizes and winnings. This is a way to compete with other traders on the platform. The main idea of tournaments is to earn the maximum profit for a certain period using virtual funds provided by the platform. Thus, participants of tournaments have equal conditions for trading and can demonstrate their skills.

Tournaments have different formats and rules, and their organization may change over time. But there are a few common features of tournaments on the platform:

• Duration. Tournaments can vary in duration from a few hours to a few days or weeks. This gives you the opportunity to choose an offer that suits your trading style.
• Cost. Participation usually requires an entry fee. The cost can vary depending on the tournament and prize pool. Some tournaments also offer the option of free entry or free attempts.
• Prizes. Winners of tournaments get different prizes and rewards. These can be cash prizes, as well as other valuable gifts such as gadgets, cars or travel. The prizes and terms of payment are specified in the rules of each particular tournament.
• Rankings and prizes. Tournaments usually utilize a ranking system that determines participants’ places based on their profits or other criteria. Usually the most successful traders receive high prizes, but some tournaments may also provide additional awards for certain achievements.
• Additional Terms and Conditions. Each tournament may have its own unique rules and conditions, such as minimum volume of trades, time limit, use of certain strategies, etc. It is important to carefully familiarize yourself with the tournament rules before participating.

Also Pocket Option has developed a program for receiving bonuses for activity in work. Thus, the client gets the opportunity to earn money when making transactions with options and becomes the owner of the internal currency of the achievement program – crystals, which are presented in several different types.

Pocket Option currently offers the following types of crystals:

• Red Pro (simple). Cost – 2$, can be freely bought and sold on the market, bringing benefit to the deposit.
• Blue Master. Has a medium difficulty and a higher price of 8$. Can be both sold and bought on the domestic market.
• Green Gurus. Highest difficulty, available for purchase with money (cost on the market – 30$).
• A secret heroic crystal. There is no information about any of the broker’s clients receiving it. It may have been introduced as the ultimate reward for the most loyal customers. Not available for purchase and has an infinite cost.

The license for crystal mining is purchased on the domestic market. You can enter it from the corresponding section of your personal account.

Additional features of the broker

The platform has developed several additional features for traders. One of them is social trading. In a special section you can follow the progress of other traders, look at the ratings of the most successful ones and copy their trades. If the list of traders to be copied is empty, you can find them by clicking on the “See the top” button. To start copying, select the trader of interest and click “Copy”. In the opened window you can customize the following parameters:

• Copying in proportion. You can customize the percentage ratio of the copied transaction amount to the original transaction amount.
  Stop Balance. Set the amount at which copying will stop. You can also stop copying manually.
• Minimum Amount. Set the minimum for any copied trade (not less than $1).
• Maximum amount.

When other traders copy your trades, you get shards that can be collected into a whole crystal. It will be added to your balance and you can use it for bonuses, risk-free trades and other benefits in the marketplace. On the social trading page, you can see your rewards stats and buy popular trading perks.

Also on the platform Pocket Option there is an “Achievements” function, which provides rewards for active traders. They can be obtained by performing certain actions. The “Achievements” menu is located on the left panel of the interface. Each achievement brings experience points and crystals. Experience points are accumulated and increase the profile level, which gives access to more advanced features of the marketplace. Crystals can be exchanged for various trading benefits.

 

Binary options broker INTRADE.BAR

Broker INTRADE.BARwhich is owned by Mr. Axiano and registered in Scotland, appeared on the market in 2016. The company provides access to the binary options market with a unique trading platform, on which it is easy to trade and profit. The platform is as convenient as possible to use in any browser, has flexible settings and a user-friendly interface.

Zero commission on account replenishment

Asset types and available markets

INTRADE.BAR offers its clients to trade binary options on different assets:

• Currency pairs.
• Raw materials.
• A special type of asset is random. Its quotes are determined by a random number generator. In fact, it is no different from other instruments available for trading.

Minimum deposit and size of transactions

INTRADE.BAR provides its clients with classic conditions for the binary options market. The minimum deposit is only 10 dollars, which makes it accessible to a wide audience of potential investors. This small deposit allows beginners to test their strength in the market and master trading without significant financial expenses.

The size of the minimum bet also influences the initial level of investment. For dollar accounts, the minimum bet is 1 dollar. This allows investors to trade with small amounts and control risks.

However, it should be noted that INTRADE.BAR has no multiplier, which is analogous to leverage. This means that investors cannot use borrowed funds to increase their position in the market. Instead, they trade with their own funds, which increases financial security and stability for the broker’s clients.

For a certain time period, namely from 17:00 to 23:00, as well as in the period from 23:25 to 23:35, the broker sets limits on the size of transactions. During these time periods, the maximum bet amount is 50 dollars per transaction. This restriction may be imposed to reduce risks during certain market conditions.

Percentage of payout on successful trades

В INTRADE.BAR the payout percentage depends on two main factors: the transaction amount and the option expiration time. Investors can effectively plan their trading strategies because the percentage of income is fixed and known in advance:

• Expiration time: 1 minute. Less than 80 USD: 60%. Over 80 USD: 63%.
• Expiration time: 3 minutes. Less than 80 USD: 82%. More than 80 USD: 85%.
• Expiration time: From 4 to 500 minutes. Less than 80 USD: 79%. Over 80 USD: 85%.
• Expiration time: More than 500 minutes. Less than 80 USD: 82%. Over 80 USD: 85%.

The payout percentage on successful trades differs depending on the expiry time and the amount of the trade. For example, when trading with an option expiring in 3 minutes and a trade of less than 80 USD, the investor will receive 82% of profit. But if the trade is over 80 USD, the payout percentage will increase to 85%.

For short-term trades with an expiry of only 1 minute, the payout percentage is 60% when trading with a smaller amount and 63% when using an amount over 80 USD. In turn, for trades with longer expiry times, such as 4 to 500 minutes and over 500 minutes, the payout percentage is 79% and 82% when using less than 80 USD, and 85% for trades above this threshold.

Zero commission on account replenishment

Deposit and withdrawal methods

Let’s take a look at ways to deposit and withdraw funds to INTRADE.BAR:

• Visa/Mastercard.
• Perfect Money.
• Payeer.
• Advcash.
• Cryptocurrencies. INTRADE.BAR provides an opportunity to deposit to your account using various cryptocurrencies such as TRON, USDT and others.

Withdrawal of funds is possible by the same methods that were used to replenish the account. For example, if the client used a Visa plastic card for replenishment, he/she can make a withdrawal to the same card.

The broker does not request scanned copies of documents for withdrawal of funds if e-wallets are used. However, for plastic card verification it is necessary to go through a mandatory procedure. It is important to remember that replenishment of the account from third parties is prohibited. All deposits must be made only on behalf of the account owner.

Commissions and spreads

INTRADE.BAR does not charge hidden commissions when trading binary options, which makes their trading conditions transparent and accessible to clients. Depositing the trading balance is also done without fees, allowing investors to deposit money into the account without additional costs. However, it is worth considering that for trading turnover up to 149% of the deposit size, the broker charges an additional withdrawal fee, which ranges from 2.5% to 3%. The type of account can also affect the fees. Real Classic and Real Sprint accounts have a spread or fee starting at $1.

Withdrawal fees may also be applied under certain conditions. To compare the withdrawal fees in INTRADE.BAR with other binary options brokers, an analysis was conducted. The results showed that the average commission is 1 dollar at INTRADE.BAR, at Binary.com it is absent, and at Binomo it is equal to 2 dollars. Thus, INTRADE.BAR’s commission is at the level of average values, which may be attractive for some traders.

For withdrawals, the commission depends on the payment method. For example, for withdrawal to bank card the commission is 80 rubles plus 3%, and for withdrawal to e-wallet – 3,5%. For larger withdrawals, from $100, and the turnover after the last replenishment of more than 150% of the deposit size, INTRADE.BAR makes up the commission at its own expense, and clients are credited exactly the amount they put for withdrawal. Thus, clients can withdraw more funds without additional commissions. It should be noted that the total number of withdrawal requests is limited – you can create no more than 10 requests during the day.

Withdrawals at Intrade Bar are fast and money is usually deposited into the client’s account instantly, although sometimes the payout can take several hours. The overall variety of deposit and withdrawal methods available allows clients to conveniently manage their finances when trading binary options.

Bonuses

I INTRADE.BAR there are no bonus programs and the broker does not offer additional funds on deposit or other gifts. But periodically the company holds promotions, which it announces on its website. Within the framework of such offers, for example, 5-10% can be credited to the account from the deposit amount when using a certain method (payment system or cryptocurrency).

Additional features

The broker has designed its platform to make trading as simple as possible, which is suitable for beginners who want to get started as quickly as possible. Therefore, the basic functions without unnecessary features are used. Additional features include the availability of risk management. This service gives the opportunity to disable trading at the level that the user sets in advance. This will help to save a significant part of the balance for inexperienced traders.

 

Quotex binary options broker

Quotex was incorporated in the fall of 2020, but the website states that the company was founded in 2019. The territory of activity is the whole world, and any adult can become its client. The main condition is the registration of one profile per person. The conditions are simple and straightforward: registration is done in one step, and trading is done through an online terminal, without the need to download anything.

Bonus 15% on deposit by promo code AKBTL3cXC (Activate)

Asset types and available markets

The underlying asset is a financial instrument, the rate of which is taken into account when buying an option contract. Popular market assets act as such a base. Among them are Forex currency pairs such as USD/CAD, USD/JPY, USD/CHF, EUR/USD and others. OTC pairs including CAD/JPY and NZD/JPY are available on weekends when international markets are not open. Exotic pairs with low liquidity including ZAR and NZD currencies are also provided.

OTC-market shares of global companies such as American Express, Pfizer, Facebook, Microsoft, Intel, McDonald’s, Johnson & Johnson, etc. are also available. Commodities and metals such as UKBrent, USCrude, gold and silver are also featured on the platform. Indices such as S&P, Dow Jones, FTSE 100, DAX, NASDAQ and others, which reflect the value of a group of securities of a certain sector of the economy, are also present. Finally, the underlying assets include digital assets such as Bitcoin and Ethereum.

Minimum deposit and size of transactions

Quotex provides an opportunity for traders to start trading with a minimum deposit of only $10. Each trade requires only $1 to execute, making trading on the platform easily accessible.

The Quotex platform provides a convenient choice of currency for the account without paying conversion fees. Traders can choose US dollars or other available currencies at any time. It is important to note that the broker does not provide leverage, which helps to control risks.

A demo account with a virtual deposit of $10,000 is available for new traders. This allows you to familiarize yourself with the platform and binary options trading without the risk of losing real funds.

Percentage of payout on successful trades

On the platform Quotex the payout percentage depends on the selected trading asset. For currencies and commodities, a trader can get up to 90% of the bet amount, while for crypto and indices the maximum percentage is 25. Trading is conducted from a single account, where you can change currencies without conversion fees, which provides convenience to clients. High payouts allow traders to get a good profit from each successful trade.

Deposit and withdrawal methods

On the Quotex platform, deposits and withdrawals are easy and convenient. To get started, you only need to deposit $10, and the minimum withdrawal amount is also $10. A wide range of methods are available for depositing, including Visa and Mastercard bank cards, Perfect Money, Piastrix, FK Wallet, online banking and cryptocurrencies BTC, LTC, ETH and others. It is important to note that you should use the same method to deposit and withdraw funds.

Profit payout usually takes from 1 to 5 days, and Quotex does not charge a commission for this operation. But it is worth considering that there may be fees from payment systems, which amount to 1-5% of the transfer amount. When withdrawing large amounts, the company may request verification, but the exact conditions for this are not specified on the site.

Bonus 15% on deposit by promo code AKBTL3cXC (Activate)

Commissions and spreads

Quotex provides transparent conditions without hidden commissions and spreads. The broker does not deduct commission for transactions and does not charge fees for deposit and withdrawal of funds. However, it should be taken into account that payment systems and banks may charge their commissions in the amount of 1-5% for transfer operations, which is indicated on the Quotex website.

Accounts on the platform are presented in several types, such as Live with minimum deposit from $1 and no commissions for trading. The broker also allows you to change the account currency without conversion fees.

Bonuses

Brokerage platform Quotex provides a variety of bonuses for its clients, however, certain conditions are required to receive and use them. One of the available bonuses is the welcome bonus. When a new customer makes their first deposit of $100 or more, they will receive a bonus of 30% of the deposit amount. This means that when a customer deposits $100 into their account, they will receive an additional $30 in bonus funds. It is important to note that the bonus funds are for trading only and cannot be withdrawn.

To ensure transparency and prevent abuse, Quotex sets a condition for withdrawing the bonus. The client must make a trading turnover that is x100 the amount of the bonus received. For example, if the bonus is $100, the client must make a turnover of $10,000 to be able to withdraw the bonus funds. Traders have the option to deactivate the bonus at any time if they do not want to comply with the turnover conditions and prefer to trade without restrictions. This flexibility allows clients to choose how to use their funds.

Apart from the welcome bonus, Quotex provides other types of bonuses such as cashback, cancel trades with loss and balance bonuses. There are also promo codes that allow customers to save money and get additional trading opportunities.

Additional features of the broker

Quotex offers its traders additional features on the trading platform that allow them to increase their chances of success and get additional benefits. One such feature is the use of promo codes. With them, traders can access various bonuses such as risk-free trades, cashback, deposit bonuses, turnover percentage, bonus balances, and X point waivers. Promo codes are available after a certain volume of trades or deposits, and they are free to use.

A particularly attractive special offer is risk-free trades on Quotex. Every client and trader on the platform gets the opportunity to make risk-free trades. This gives more confidence in trading and allows you to reduce risks. Large traders can get additional benefits and discounts on the market, as well as contact the support team for risk-free trades.

In addition, Quotex provides a professional offering in the form of copy trading and trading signals. This feature allows clients to follow the signals and strategies of other successful traders, which can help them improve their performance in the market. Also, one of the advantages of Quotex is the form of major currency exchange. Traders can easily switch to another currency pair without additional fees, which gives them flexibility and convenience in trading.

 

Binarium Binary Options Broker

Binarium – is a full-fledged binary options broker that was founded in 2012. The company provides the opportunity to bet on Forex, cryptocurrencies and commodities on one convenient platform. Its headquarters is located in Kingstown, St. Vincent and the Grenadines. However, it also has offices in Cyprus, Ukraine and Latvia, which confirms its international nature.

Binarium welcomes traders from all over the world and provides support in various languages. It boasts a huge customer support team, which makes interacting with the broker more convenient and efficient. In addition, the company utilizes European Union banks to handle client funds, which contributes to additional reliability and transparency in the deposit and withdrawal process.

Binarium is ideal for beginner traders who want to start their professional career with binary options. The platform provides a simple and straightforward way to enter the world of financial markets and allows beginners to easily learn the basics of trading without the hassles that can arise in the Forex market.

100% First Deposit Bonus

Asset types and available markets

Binarium offers its clients a wide range of trading assets exceeding 100+. Among the available assets, you can find Forex, commodities, and stocks. The company provides the opportunity to trade various currency pairs, which allows traders to participate in the global currency market. Cryptocurrencies can also be exchanged on the platform, including such popular coins as Bitcoin, Ethereum, Ripple, and Litecoin. In addition, Binarium offers OTC assets, including various currencies, as well as precious metals such as gold and silver. Traders have access to a variety of trading options for each asset, including 60-second options or turbo options, allowing them to choose the most suitable approach for their trading strategies.

Minimum deposit and size of transactions

The minimum deposit on the platform is 5 dollars. The bet that can be placed is $1, which makes trading easier for those who want to minimize risks. Binarium provides 4 types of accounts: basic, premium, business and VIP accounts. To register one of them, you need to deposit the appropriate amount into your account.

The minimum deposit for a basic account is $10, with access to a minimum trade of $1. With this, you get a demo account with virtual funds of $1,000 for training and practice. Advanced traders can opt for a premium account with a minimum deposit of $500 and a bonus of up to $500 on deposit. This type of account provides a 24/7 trading platform, fast withdrawals, and access to training materials and trading signals.

For professional traders, a business account with a minimum deposit of $5,000 is offered, which provides access to all the benefits of a premium account, as well as allows for the development of personalized strategies. A VIP account is available for traders who have made a deposit of $10,000. This type of account provides access to all the features and benefits of other accounts, as well as the ability to withdraw funds on demand without waiting.

Binarium is suitable for both beginners and experienced traders, providing different account options and opportunities for successful binary options trading.

Percentage of payout on successful trades

Binarium promises to pay out up to 90% of the bet amount of a successful prediction.

Deposit and withdrawal methods

Binarium provides a variety of deposit and withdrawal methods for its clients. Credit and debit cards (VISA, MasterCard, Maestro), internet banking services, as well as popular electronic payment systems, such as Neteller, can be used to deposit funds. Cryptocurrency payments (BTC, DOGE, LTC, ETH, XRP) are also available. Payment systems may charge additional fees for processing transactions. Binarium provides convenient deposit without hidden commissions and ensures payment security using 3D Secure technology.

The minimum withdrawal amount is 5 EUR / 5 USD and the maximum at one time is 250 EUR / 250 USD. Withdrawal requests are processed within 1 hour, although unverified accounts may take up to 3 days to process. VIP and corporate account holders benefit from faster withdrawals, with requests processed within 1-3 hours.

100% First Deposit Bonus

Commissions and spreads

The Binarium platform offers clients transparency regarding commissions and spreads, which is an important factor for traders. The company claims that it does not charge hidden commissions, and clients do not pay a commission for depositing or withdrawing funds through the platform. This means that when depositing funds into the account, the funds are received into the trading account instantly, without additional fees from payment systems.

However, it should be noted that payment systems may charge their own transaction processing fees and such fees may be reimbursed by Binarium. Clients should also note that if the trading turnover does not exceed twice the deposit at the time of requesting a withdrawal, the company reserves the right to withhold a commission of 10% from the requested withdrawal amount.

The type of account may also affect the availability of withdrawal fees. For example, VIP and corporate account holders have the privilege of faster processing of withdrawal requests, which may reduce possible commissions. The processing time for withdrawal requests is on average 1 hour, however, if the account is not verified, this time can increase up to 3 days.

Binarium bonuses

Binarium pleases its clients with various bonuses and special programs, which are designed to motivate traders and provide additional opportunities for successful trading. The available options are:

• Free Deposit Bonus. Every time you make a deposit to your account, you get a free bonus. The size of the bonus depends on the deposit amount and can be more than 100% of the deposited amount. But to withdraw this bonus, there are certain conditions. It is necessary to make trading operations for the amount of 40-50 times more than the amount of the bonus. Despite this, getting the bonus is a great way to increase the volume of trading and increase the chances of profit. For a premium account with a minimum deposit of $500, the bonus will be $500. For a business account, the minimum deposit is $5000 and the bonus will be $500.
• Tournaments. Binarium holds weekly and monthly tournaments with the opportunity to win up to $5,000. The prize is distributed among the first 30 prizes, which gives every participant a chance to try their hand and earn extra profit.
• The Binarium exchange pleases its clients with various bonuses, which are designed to make trading even more attractive and profitable.
• Risk-free deal. With this bonus you can make a deal without risk of losing your deposit. If the deal turns out to be a loss, your losses will be compensated and the won funds will be credited to your bonus account.
• Deposit Insurance. This bonus gives you the opportunity to register up to 33% of the deposit value. Thus, you get additional protection for your deposit and reduce possible risks.
• Promo Codes. The company periodically provides special promo codes, which, when entered, allow you to get various benefits. This can be an additional bonus, free trades and much more.
• Binarium’s affiliate program, which is presented as a reward for referral clients. If you refer new clients to the platform, you will be rewarded for this, which creates additional income opportunities.

Additional features

Binarium provides its clients not only with standard binary options trading features, but also with a number of additional features that make the trading experience more flexible and profitable:

• Cancel an option before it starts. This feature allows traders to cancel an option before it actually starts. If there are doubts or new data that may affect your decision, you can safely cancel the option and avoid losing money.
• Copying trades. The function provides an opportunity to repeat successful trades of experienced traders. You can select a successful trader from the list and automatically copy his trades to your account. This is especially useful for beginners who want to learn from experienced professionals.
• Automatic insurance for the first 3 trades. If your first three trades are unsuccessful, you will get back a part of the lost funds. This helps new traders to reduce possible risks and ensure a smooth start to their trading.

 

Binomo binary options broker

Binomo – a platform for options trading, which, in addition to brokerage services, provides training, analytics and support. The service allows you to objectively assess the market situation and the level of risk. Binomo is a member of the International Financial Commission since 2018, which provides a guarantee of reliability and security. Several account currencies are available on the platform, the minimum deposit is from 10 dollars, and instruments include currencies, stocks, indices, contracts, commodities and cryptocurrencies.

The broker’s pluses include the convenience of the trading platform, a wide range of assets and quotes from the best agencies. But the site may not be informative enough, and beginners need time to get used to the platform. Also, the verification procedure for withdrawal of funds can be complicated the first time through.

Bonus 100% to deposit by promo code REVIEWEEK100.

Binomo asset types

Binomo provides a variety of assets including CFDs, commodities, currency pairs and indices. The total number of assets on the platform is 49, allowing traders to choose from a wide range of options. The main assets available depend on the type of account:

• Standard. 39 trading assets are available.
• Gold. Clients of this type get access to 42 assets.
• VIP. Holders of such can trade 49 assets.

The Binomo platform also offers the opportunity to trade OTC assets. The exchange offers 8 such assets, including 7 currency pairs and 1 commodity. The currency pairs include GBPUSD, AUDUSD, EURUSD, USDCAD, USDCHF and NZDUSD, as well as the commodity – gold.

Minimum deposit on Binomo accounts

Exchange Binomo offers different types of accounts with different conditions and minimum deposits to start trading. Let’s take a look at the amounts for each type of account:

• Standard – 10 USD.
• Gold – 15,000 USD.
• VIP – 30,000 USD.

Each trader can choose an account level that suits him/her based on his/her financial capabilities and trading goals. Starting with a minimum deposit, clients can start trading with real money and use the available tools for successful trading on the Binomo platform.

Percentage of payout on successful trades

The Binomo platform offers different returns depending on the type of account:

• Standard – the maximum yield for successful trades is 84%.
• Gold – 86%.
• VIP – 90%.

Choosing a specific account type allows traders to regulate their potential income and choose the most suitable trading strategy on the Binomo platform.

Deposit and withdrawal methods

On the platform Binomo A wide range of deposit and withdrawal methods is provided. Here is the list of available methods:

• Credit Cards. Possibility to make a deposit with Visa and MasterCard.
• Electronic wallets. Payment systems Neteller, WebMoney, Alpha Click, Union Pay, Skrill, Payco, PayPal and others are supported.
• Bank transfers. Options to replenish your account via direct bank transfer.
• Cryptocurrency wallets. Possibility to use Bitcoin and Litecoin for account replenishment.

Methods of withdrawal:

• Credit cards. Withdrawal of funds to Visa and MasterCard.
• E-wallets. Possibility to withdraw funds to various e-wallets such as Neteller, WebMoney, Skrill, Payco and others.
• Bank transfers.
• Cryptocurrency wallets: Bitcoin and Litecoin.

When it comes to receiving money into your bank account, it can take some time, especially in countries with strict customer verification and KYC rules. Typically, the withdrawal process takes around 5 days. As far as payment security is concerned, Binomo protects customer data using SSL encryption. The company is a certified broker by the International Finance Commission (Finacom) and has awards from IAIR and FE. It is also in the process of receiving confirmation from the Cyprus Securities and Exchange Commission.

In order to make a withdrawal, you are required to go through the verification process on the Binomo platform. You need to provide the correct KYC (know your customer) which includes scans of your passport, driver’s license and other required national and international documents. The verification process depends on the payment method you choose, the brokerage firm and your country of residence. Therefore, to simplify the verification and withdrawal process, it is important to prepare all necessary documents in advance.

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Commissions and spreads

The Binomo platform has different account types such as Standard, Gold and VIP, each with different trading commissions and spreads. The Standard account has an initial spread of $2, which can affect the profitability of trades, but there is no withdrawal fee. Gold account provides more favorable conditions with an initial spread of $0 and also no withdrawal fee. VIP provides better conditions with trading spreads starting from $0 and no withdrawal fees.

There are no trading commissions on the Binomo platform, and the broker makes money on traders’ unsuccessful trades. This model allows to reduce the burden on traders and make investments more profitable for those who invest significant amounts. Apart from this, it is important to note that there is a limit on the number of free withdrawals in India. After the first withdrawal within 24 hours, the commission will be 10% of the withdrawal amount.

It is also worth considering the possibility of a conversion fee if the Binomo account and the selected payment method are specified in different currencies. In rare cases, this may lead to additional costs. In general, commissions on the Binomo platform are limited to minimal amounts and are usually non-existent for most transactions. This policy allows traders to manage their investments and transactions more efficiently, reducing the negative impact of commissions on their profitability.

Bonuses on the Binomo platform

On the platform Binomo offer a variety of bonuses for depositing. Traders have the opportunity to choose the type of bonus that corresponds to the type of account and deposit amount. The bonuses range from 20% to 60% of the deposit amount. In addition, the platform hosts weekly and monthly tournaments with prizes of up to $5,000, which are distributed among the first 30 prizes. Also, each account type has its own deposit bonuses:

• Standard – up to a maximum of 80% from top-up.
• Gold – up to 90%.
• VIP – 100%.

Additional features

On the platform Binomo the education and training of traders is actively developing. The “Training” section offers extensive content, including video lessons, a glossary of terms, explanations of concepts and various trading strategies. The company holds webinars that provide additional information and the opportunity to discuss issues with experienced traders.

Through a demo Free account, traders can test their knowledge and practice trading without the risk of losing real funds. After that, having successfully mastered trading on a demo account, it is possible to start trading on the real market.

The broker also provides an analytical section on the trading platform, including an economic calendar, news and market reviews, which helps traders to keep abreast of the latest developments and make informed decisions.

 

Conclusion

After studying the top brokers from our rating, we can conclude that each company offers a convenient website and the necessary trading tools, a large selection of assets, deposit and withdrawal methods. Minimum deposits, bonuses, additional features differ. Therefore, before you start trading on one of the platforms, you should carefully study their capabilities that are suitable for you. This will allow you to choose a service that will suit your work, amounts and methods of deposit and withdrawal, trading tools.