com has five proprietary binary option trading platforms and an automatic trading tool as follows:. The broker also facilitates technical analysis by providing clients with access to high-quality charting and technical analysis tools like TradingView and SmartCharts.

These programs offer an extensive range of technical indicators and price overlays. com does not currently open accounts for U. Cyprus-based IQ Option has been around since and is regulated by CySEC. In addition to binaries, the broker allows you to trade forex, CFDs, ETFs, commodities and cryptocurrencies.

This broker does not accept U. Binary, or digital, options come in several varieties and are often the simplest financial derivatives to trade. Binaries offer buyers limited downside risk or premium cost in return for a limited reward or payout.

On the other hand, binary sellers have limited downside risk equal to the payout and limited upside risk equal to the premium received. Binary options allow traders to speculate on a wide range of underlying assets , some of which include:.

Similar to regular options, binaries which take a bullish or bearish view on the underlying market can be referred to as call or put binaries , respectively. Furthermore, one-touch, barrier or trigger binary options pay out when their barrier level trades in the market prior to expiration, while a no-touch binary gets canceled if its barrier level trades. The inside range binary pays off if the market stays inside the specified range , while the outside range binary pays off if the market ends up outside the specified range.

Range binaries can also be structured with trigger points. As their name implies, binaries generally have two possible outcomes through expiration or cancellation.

In the simplest case, if an at-expiration binary option is in the money at expiration, then they provide a fixed payout to the holder. Alternatively, if they are out of the money at expiration, they typically return nothing. The right trading software can make a substantial difference in your profitability as you deal with options, and binaries are no exception.

In general, a great binary options trading platform will have the following features:. Most binary options brokers have a web-based platform so you can view a series of assets on and select tenors, strikes, triggers and types of binary options to trade in a specified amount.

These platforms usually lack any significant analytical or risk management capability. Furthermore, some brokers that do offer binary options, such as Binary. This gives you the notable benefit of having all of the technical analysis, news feed, backtesting and programming capabilities and allows you to enter binary options trades with a supportive broker.

Although binary options are a bona fide and limited risk derivative financial product and are suitable for individual traders, the retail binary options market has, unfortunately, had its share of issues due to unregulated and disreputable brokers. This has led to restrictions on the availability of binary options in some jurisdictions, so traders should beware of scams which involve poorly regulated brokers. As you select a binary options broker, watch out for some of these red flags that can signal a possible problem with a broker:.

Benzinga has looked over the field of binary options brokers and selected a few reputable broker choices for traders who either plan on specializing in binary options or who want to execute binary options as well as other assets through an online broker.

These online brokers all offer a variety of asset classes and include the ability to execute binary options trades.

Some of them offer what they call Digital s, which are a particular rebranded type of binary option. Note that not all brokers will accept clients in all jurisdictions, so you need to check with the broker to be sure you can trade binaries through them. While it does not offer binary options by name, the broker does provide a similar derivative product called Digital s on a wide range of underlying assets.

Digital s are a form of binary option that are worth either zero or at expiration and are priced based on the expected probability of giving a payout. CMC Markets is another reputable ASIC-regulated broker that also offers Digital s on a wide range of products , in addition to offering a normal trade execution service in numerous financial markets. These markets include forex pairs, indices, equities, ETFs, commodities, treasuries and even cryptocurrencies.

The broker does not presently accept U. This top spread betting and CFD broker has been around since and offers a strong proprietary general trading platform called TraderPro , available for desktops and mobile devices. The broker also has a specialized binary trading platform called ETX Binary Options that supports fast execution and one-click trading, as well as high-quality charting tools.

ETXCapital provides dealing access to more than 5, global markets and has a strong multilingual customer support service based in London. Tradable underlying assets for binaries include dozens of forex pairs, indices, stocks and commodities. Also, make sure you are using a reputable broker since the security of your margin deposit should be your top priority as you decide which firm to use. My Account. Benzinga Plus.

Log In. Our Services. News Earnings. Retail Sales. Insider Trades. Markets Pre-Market. After Hours. Binary Options. CME Group. Global Economics. Penny Stocks. Digital Securities. Ratings Analyst Color. Price Target. In particular, the WebTrader boasts powerful charting and drawing tools and is quite customizable. Established in , IQ Options is a platform that is regulated by the Cyprus Securities and Exchange Commission CySEC.

Since then, the platform has become hugely popular—and currently has over 50 million registered users, on top of handling more than a million transactions each day. Specifically, traders from the U. IQ Option offers clients access to an award-winning proprietary platform that is available in 13 languages. The platform is quite powerful—featuring an intuitive design, plenty of useful charting and drawing tools, and a variety of technical indicators.

One of the advantages of IQ Option is that it offers access to a lot of tradable assets other than binaries.

This level of accessibility goes a long way in making this our top pick for beginners. As far as account types go, IQ Option has two—a standard account and a VIP account. RaceOption was founded in , and the London-based broker currently manages more than 10, trades daily and has a little over 1, active traders. The highlight of RaceOption is how accessible it is—traders from the UK, Australia, and Canada can use this brokerage to trade binary options.

Although the brokerage does support U. clients, opening an account might be in violation of U. Although it is based in London, the company is a subsidiary of Finance Group Corp and Suomen Kerren, both of which are registered in Vanuatu. One of the areas where this provider shines is the sheer variety of funding and withdrawal methods.

As far as funding goes, RaceOption accepts deposits made via Visa, MasterCard, cryptocurrencies such as Bitcoin and Ethereum, and even some altcoins. RaceOption supports three account types—the innovatively named bronze, silver, and gold account.

To actually get to the bottom of that puzzle, you need a good overview of what factors make a good broker or exchange so you can compare all the possibilities in earnest. To put it in the simplest terms possible, binary options trading software is what gives you access to the binary options market. This software can either be from a brokerage, which gives you access to an exchange, or from an exchange itself.

Seeing as how this is the only way to trade binaries, finding a good platform is non-negotiable. However, not all of these pieces of software are alike—the difference between a good platform and a bad one is quite stark. To begin with the basics, not all platforms are available globally.

And if you want to have any success at trading binaries, you have to pay attention to other factors such as research, educational materials, and execution speed. Without these two factors, even the best platform in a technical sense is a non-starter. However, if those two conditions are met, the fact remains that not all binary options trading software is made equal. There are a variety of options, each with its own pros and cons. Binary options might seem simple at first glance, but you need a pretty thorough knowledge base, as well as a keen understanding of market conditions to reliably secure your gains.

Educational materials are the less important of the two. Binary options are traded in the short-term—the tenor or expiration date of most binaries is usually one week at the high end and could be as short as 10 seconds in the case of certain highly-specialized software providers.

No matter what timeframe you intend on trading at, the reliability and speed of your chosen platform will be crucial to success. How fresh the information you have access to via a platform plays a very important part in pulling off winning trades. As usual, real-time market data is the best possible scenario—and quite a few exchanges do offer this to clients free of charge.

Even so, a wide range of assets that you can speculate on is an important feature. Firstly, more variety equals more potential opportunities in total and allows you to regroup and go in a different direction if your option trading hits a snag with a certain asset class, such as stocks or ETFs. Secondly, you might already be familiar with certain asset classes due to past experience. If that is the case, forming a workable hypothesis regarding how the market will behave in the short term will be much easier for that asset class.

If you can find a platform that supports binaries of your preferred asset classes, all the better. The fact that an exchange might be available to you does not automatically mean that it is accessible to you. Minimum deposits should, by all accounts, remain reasonable.

Mobile app support is an important element of any financial service nowadays. When it comes to short-term trading, and derivatives such as binary options, this element is all the more important. Binary options are based on short-term market movements. As it is with desktop and web-based platforms, the most important features of a mobile app are reliability, fast execution, charting tools, and intuitive design. Last, but not least, you should never disregard customer service. A quick, helpful response can keep a small problem from becoming a big issue and goes a long way in calming your nerves in an already stressful situation.

The binary options space is full of bad-faith actors that seek to defraud and con people. First and foremost, pay attention to regulatory status. Second of all, pay close attention to the bonuses and fees associated with a service. When it comes to bonuses, take a good, hard look at the fine print. Not every broker that offers bonuses is fraudulent, but offering huge bonuses with hidden provisions is a popular tactic used to lure in naive investors.

Most of the time, using those huge bonuses means that you can only withdraw money after a certain degree of profit has been made. Last, but not least, be cautious regarding the actual software, especially automated trading.

If a service has slow software, you can easily wind up losing money on trades through no fault of your own. The same goes with automated trading features that lack appropriate safeguards. Computation mainly affects two important elements—fair value and risk management. The ability to compute the fair value of an option based on implied volatility is an important benchmark for transparency, and so is the ability to compute risk management parameters based on theta , delta, gamma, and vega.

But there are other types of binary options that you can trade. The above image shows you the interface trading interface on iq option. As you can see by signing up for an account on iq option, you receive access to 2 of 3 types of binary options trading software: data and charting.

As you must know by now, it is not enough to an enticing image. Shop around and see which platform provides you with the opportunity to implement your investment strategy. It is also a good idea to open a demo account before you begin committing considerable sums of money to any one platform. This give you an opportunity to familiarize yourself with specific binary trading software each platform utilizes. You can execute the a binary options trade on any binary options platform.

Or, you can employ a binary options trading robot to automatically execute trades. Binary robots are binary options software which focus solely on executing trades. There are many different brands of binary robots. Almost all of them allow you to configure the types of trades you want to execute down to the level of risk, underlying asset, value per trade etc.

This can be a winning binary options system if used properly.

Although the potential for profit is great, binary options are unpredictable. Using the right software can give you a significant edge. Tim Fries is the cofounder of The Tokenist.

He has a B. in Mechanical Engineering from the University of Michigan, and an MBA from the University Meet Shane. Shane first starting working with The Tokenist in September of — and has happily stuck around ever since. Originally from Maine, All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.

Our company, Tokenist Media LLC, is community supported and may receive a small commission when you purchase products or services through links on our website. Click here for a full list of our partners and an in-depth explanation on how we get paid. Unlike regular options, binary options can only result in one of two outcomes—either you profit a set amount, gain nothing at all, thereby losing your entire investment.

Compared to vanilla options, binaries are much simpler. So, with all of that in mind, how do you get an edge? There are two main reasons why this is, bar none, the most important thing when trading binaries. The binary options space is densely populated by scams, frauds, and all plain old bad services.

Plus, on top of that, which legitimate ways you can trade will depend heavily on your place of residence. First on our list is Nadex—one of only two CFTC regulated U. With a transparent fee structure, good educational sources, and low fees overall, Nadex is a strong presence in the binary options space.

It also offers quite a wide array of assets to trade. Founded in Chicago in , Nadex is an exchange that is specifically tailored toward binary options. As a CFTC-regulated entity, it boasts impeccable security and has to meet a variety of stringent regulations in order to safeguard investors.

traders, Nadex is also available in a variety of other countries, including the UK, Japan, Switzerland, South Korea, South Africa, Germany, India, New Zealand, and Cyprus. Opening an account is quite simple—the signup process takes about 5 minutes and requires proof of address and proof of identification.

There is no minimum account deposit associated with this service. Speaking of accounts, Nadex offers four account types: individual accounts for U. customers, individual accounts for international customers, demo accounts, and business accounts for U.

The desktop platform is responsive, well-designed, and quite customizable. It supports a good amount of drawing tools and technical indicators, as well as customizable charts. The platform also supports watchlists, daily market commentary from in-house experts, and video content. Unfortunately, binary options mobile apps are currently banned in the U.

Nadex also has plenty of well-produced educational content—especially when it comes to binary options. As far as tradable assets go, you can buy binary options for stock indices, forex currencies , commodities, and news events. All in all, Nadex has quite a few things going for it —and a very limited number of small issues—primarily the antiquated fees and the lack of mobile app.

Binarycent was founded in in the Marshall Islands. Although it lacks the strong regulatory licenses of Nadex and Cantor, it is regulated by a government agency—the Vanuatu Financial Services Commission VFSC.

First things first—this platform is available to traders outside the U. Although the brokerage is user-friendly, accessible, and affordable, one thing stands in the way of it being catered to beginners—and that is the lack of educational content.

The only thing that is offered are relatively simplified explanations of basic terms relating to binary options trading. On the other hand, this flaw is somewhat remedied by the fact that clients can make use of the copy-trading feature to mirror the trades of more experienced investors. Binarycent supports three account types—bronze, silver, and gold.

The silver account gives you access to an online class, as well as three trades that are going to be refunded if you lose money. The gold account, on top of all of that, gives you access to a personal success manager. As far as bonuses go, Binarycent is a mixed bag. Sure, the bonuses are appealing, but they come with a pretty strict stipulation—if you decide to make use of them, you can only withdraw after a turnover that is 3 times larger than your initial deposit plus your bonus.

It also supports both traditional charting and Japanese candlesticks and offers tips of technical analysis, chart patterns as well as a news section. The proprietary web-based platform is user-friendly, intuitive, and also supports a copy trading feature, which goes a long way in making the broker more user-friendly overall.

Established way back in , Binary. com is an online brokerage that has managed to cultivate a user-base of over 1 million registered traders. They also offer various payment methods, a large range of tradable assets, and an unbeatable variety of trading platforms.

One of the things that set Binary. com apart from the competition is the sheer variety of regulatory licenses. They are regulated by the financial authorities of Malta, St Vincent and the Grenadines, Vanuatu, and the British Virgin Islands.

Once you sign up, you can immediately make use of the demo account. We heartily recommend trying out trading with virtual money first before making a final choice. This requires proof of identity, proof of residence, and the process takes around 24 hours. Once that is done, the only thing left is to fund the account, and Binary.

The most notable feature of this brokerage is the variety of platforms that are afforded to customers. Clients can make use of the SmartTrader, WebTrader, Binary Bot, MetaTrader 5, and Deriv platforms—all of which support binary options trading, apart from MT5.

In particular, the WebTrader boasts powerful charting and drawing tools and is quite customizable. Established in , IQ Options is a platform that is regulated by the Cyprus Securities and Exchange Commission CySEC. Since then, the platform has become hugely popular—and currently has over 50 million registered users, on top of handling more than a million transactions each day.

Specifically, traders from the U. IQ Option offers clients access to an award-winning proprietary platform that is available in 13 languages. The platform is quite powerful—featuring an intuitive design, plenty of useful charting and drawing tools, and a variety of technical indicators. One of the advantages of IQ Option is that it offers access to a lot of tradable assets other than binaries. This level of accessibility goes a long way in making this our top pick for beginners.

As far as account types go, IQ Option has two—a standard account and a VIP account. RaceOption was founded in , and the London-based broker currently manages more than 10, trades daily and has a little over 1, active traders.

The highlight of RaceOption is how accessible it is—traders from the UK, Australia, and Canada can use this brokerage to trade binary options. Although the brokerage does support U. clients, opening an account might be in violation of U. Although it is based in London, the company is a subsidiary of Finance Group Corp and Suomen Kerren, both of which are registered in Vanuatu.

One of the areas where this provider shines is the sheer variety of funding and withdrawal methods. As far as funding goes, RaceOption accepts deposits made via Visa, MasterCard, cryptocurrencies such as Bitcoin and Ethereum, and even some altcoins. RaceOption supports three account types—the innovatively named bronze, silver, and gold account.

To actually get to the bottom of that puzzle, you need a good overview of what factors make a good broker or exchange so you can compare all the possibilities in earnest. To put it in the simplest terms possible, binary options trading software is what gives you access to the binary options market. This software can either be from a brokerage, which gives you access to an exchange, or from an exchange itself.

Seeing as how this is the only way to trade binaries, finding a good platform is non-negotiable. However, not all of these pieces of software are alike—the difference between a good platform and a bad one is quite stark. To begin with the basics, not all platforms are available globally. And if you want to have any success at trading binaries, you have to pay attention to other factors such as research, educational materials, and execution speed. Without these two factors, even the best platform in a technical sense is a non-starter.

However, if those two conditions are met, the fact remains that not all binary options trading software is made equal. There are a variety of options, each with its own pros and cons. Binary options might seem simple at first glance, but you need a pretty thorough knowledge base, as well as a keen understanding of market conditions to reliably secure your gains.

Educational materials are the less important of the two. Binary options are traded in the short-term—the tenor or expiration date of most binaries is usually one week at the high end and could be as short as 10 seconds in the case of certain highly-specialized software providers. No matter what timeframe you intend on trading at, the reliability and speed of your chosen platform will be crucial to success. How fresh the information you have access to via a platform plays a very important part in pulling off winning trades.

As usual, real-time market data is the best possible scenario—and quite a few exchanges do offer this to clients free of charge. Even so, a wide range of assets that you can speculate on is an important feature.

Firstly, more variety equals more potential opportunities in total and allows you to regroup and go in a different direction if your option trading hits a snag with a certain asset class, such as stocks or ETFs.

Secondly, you might already be familiar with certain asset classes due to past experience. If that is the case, forming a workable hypothesis regarding how the market will behave in the short term will be much easier for that asset class. If you can find a platform that supports binaries of your preferred asset classes, all the better.

The fact that an exchange might be available to you does not automatically mean that it is accessible to you.

Comparing brokers is an important step to ensure that you are trading binary options in good condition. Binary Options. Invest in Gold. They also offer various payment methods, a large range of tradable assets, and an unbeatable variety of trading platforms. traders because it also offers CFDs. The desktop platform is responsive, well-designed, and quite customizable.

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