BROKERS

List Of Fully Accredited And Regulated Binary Options Brokers: How to choose a good broker.

Estimated reading time: 5 minutes

There are many binary option scam brokers hovering around the internet right looking for preys to devour. Please do not fall for them.

You should bear in mind that new binary brokers pop up every day aiming to catch newbies in the industry that may not have a prior knowledge of fake brokers.

Below is a table that summarizes the features of fully regulated broker in the binary options market:

BROKERS	MINIMUM DEPOSIT	MAXIMUM PAYOUT%	ACCEPT US CLIENT	REGULATION	RATING(OUT OF 5)	RECOMMENDATION
IQ OPTIONS	FROM $10	UP TO 92%	YES	CySEC	5.0
24OPTION	$250	89%	YES	CySEC, BaFIN, FCA, CONSOB	5.0
CHERRYTRADE	$200	81%	YES	CFTC	4.8

                Recommended Broker: Fully regulated by CySEC. Deposite as low as $10

How to choose a broker:

Finding the best broker is not always easy. There are over 100 brokers with only a few being CySEC regulated. Don’t settle for the first website you come across and definitely not for the first pop-up advertisement. Here are a few features to consider before you decide to invest .

Features To Look Out For:

• Regulation: Before opening an account or even funding any Binary Options broker account; always ensure that the firm in question is regulated. If they are regulated, then it means that every trading activity within their platform is monitored by an external agent and any fraudulent or abnormal trading situations will be immediately detected. Examples of some regulatory bodies include, Cyprus Securities Exchange Commissions (CySEC), Commodity Futures Trading Commissions (CFTC).
• Traffic, Deposit and Withdrawals: Please note that most brokers accept users from all parts of the world except where indicated. Also, the ease of deposit and withdrawal is not usually an issue as most of them offer many options for quick access to your funds such as Visa, MasterCard, Wire Transfer, Net teller, Discover, Skrill, Web money, GiroPay, Discover etc.
• Assets Traded: As with forex trading, most brokers listed here will allow you the option of trading many currency pairs, commodities, stocks and indices
• Mobile: You would also notice that most of them have mobile apps to enable you trade on the go or have quick access to your trading platform. You can download the mobile apps from any of the mobile stores listed on their respective sites.
• Learning and Education: If you are new to binary options trading, then it is essential that you learn the basics and objectives of trading in the binary market. Most brokers will provide you with e-books, online tutorial courses, videos, web tutorials and other forms of learning. This will ensure that you maximize your trading efforts for full profits.
• US Clients: Don’t be disappointed if some brokers restrict access for US residents.

So, the question remains: Why do so many brokers refuse to offer their services to clients trading from the US since binary options trading is legal?

It has to do with a specific CFTC statement concerning commodity options. The statement is a bit confusing and most companies would decide to steer clear to avoid mistakes and upset the CFTC:

“It is against the law to solicit U.S. persons to buy and sell commodity options, even if
they are called ‘prediction’ contracts, unless they are listed for trading and traded on a
CFTC-registered exchange or unless legally exempt.”

• Bonuses: It is often common for most new brokers to use bonuses as an enticement to get traders sign up with their company. You should be aware of any broker that offer bonuses that sounds too good to be true. Most of these types of brokers end up being fake ones and are often unregulated. Bonuses like 5000%, 2000%, 10000% Deposit bonus are simply atypical and unrealistic and just aim to make you deposit with their company.
• If the reason for joining a particular broker is because of the bonus offered, then make sure you join a broker that offers a reasonable Deposit bonus that is reasonable and can be actualized. E.g. of such bonuses include 25%, 40%, and up to 100% Deposit Bonuses.
• Customer Support: We all know that customer support and service is the peak of any business both offline and online. Most of the brokers listed here will provide an easy way to reach them in case of any problems. Normally, the options available are toll free phone support, live chat support and the popular ticket support system.

Tell us your experience and rating of any broker listed above in the comments below.