Binary option brokers – Ranking the trading platforms

If you are new to the binary option trading market, there are times when you must have struggled to get hold of websites and reviews that will honestly talk about the trading platforms or the binary option brokers and how they address needs of the clients, namely, the traders. However, over the years, with the advent of websites and review web pages, things have become easier for traders to get information they need by just going through one website.

In this article, we will get to know the TopBinaryOptionsBroker operating in the financial markets. Check them out.

Generally speaking, the factors that help in ranking brokers in the binary option market include the following-

  • The percentage given out as payout
  • The type of assets that are selected by the traders
  • Market reviews and reputation of trading platforms from user feedback
  • Trading interface opted for
  • Types of trade offered to clients

On analysis, the following top binary option brokers were listed as per their services offered to clients. These essentially include the following-

  • Stockpair – They trade with US traders, the trading platform they offer is in “in-house”, the number of assets that traders get to trade includes as many as 12 currency pairs, 4 commodities, 85 stocks, and 7 indices.
  • TopOption – This trading platform will not deal with the US traders, type of trading platform offered to clients is SpotOption, the first time deposit that they offer is 100%, there are over 180 currencies that traders can trade aside from commodities, indices, and stocks. The types of trade offered include Pro Option, One Touch, Option Builder, High/Low, and 60 Seconds. This trading platform is regulated.

Aside from the 2 main brokers that have been considered best for the year 2013, the following brokers have earned accolades for their services too. These include-

  • EmpireOption
  • Banc De Binary
  • GoOptions

You will come across many websites that provide extensive information about the products and services that the trading platforms offer. Most importantly, try to get authentic user feedback. This is because there are many reviews on the World Wide Web that give you a very biased outlook. These are misleading. So, getting first hand information from someone that has already used the services and products of a trading platform makes sense.

There are many traders that are of the opinion that the new binary option brokers that have started operating in the market are not always the “fly-by-night” types and they can be trusted. You surely will be able to trust these brokers but hiring the services or signing up with trading platforms that have been in this business for several years definitely gives you an edge over the others as you are dealing with brokers that will be able to put you in a better position to win the trade as experience has no substitute!

So, it is best to select your own binary option broker depending on what your trade goals are and what you expect from your investment. Also make sure you choose the right kind of assets that enhance your chances of success.

Article written by

Sidney is a corporate accountant and guest author you can find several of her articles on so many good sites.

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