And, with an ever-expanding list of available binary brokers nowadays, it might be challenging to narrow down your options to locate the one that best meets your needs.
As a result, we've compiled a list of the most popular brokers to help you get started on your search.
I have compiled a list of the top 5 popular and user-friendly binary options brokers in 2022 that you can consider trading with.
Hopefully, the list will help you identify the most OK broker for your investing needs and expectations, and you will be able to start trading successfully on your own. Without wasting much time, let me take you straight to the point.
Top 5 best user-friendly binary trading options brokers:
OptionFair:
OptionFair is a Cyprus-based company that was launched in 2010. It is regulated by CySEC and is also listed on the London Stock Exchange, making it the first binary options broker to do so.
US traders are not permitted. On 118 underlying assets, the broker trades Forex, CFDs, and binary options.
The minimum amount is $100, with potential profits of up to 100%. However, no bonuses are indicated, but you can always contact support for alternative terms. The expiry time is shorter than typical, but it results in quick gains when trading in the short term.
The broker employs its platform, which allows you to switch from Forex to binary and CFD trading from a single interface.
It allows you access to many assets and instruments and a diverse selection of expiries. You can, in fact, trade both forex and binary options at the same time. There are Android and iPhone apps available.
Phone assistance is available in five languages: English, Spanish, Italian, and French. Email and live chat help are also available.
Ayrex:
Ayrex is based in the United Kingdom and has a CySEC application pending. It focuses on binary options and trades in 70 assets. Currently, US traders are not accepted.The minimum deposit is $25, one of the lowest, and the bonus is up to 10%, 20%, and 30%, depending on the quantity of your deposit, for Ayrex account holders.
The broker employs a customized trading technology that allows for fast withdrawals, making it unique in the industry.
The interface is simple and will enable you to switch between deals rapidly. It's perfect for trading in the short term. There are also High/Low alternatives.
Live chat and email support are available 24 hours, seven days a week. Similarly, the system can be accessed via Android and iPhone apps.
365Trading365Trading is a CySEC-registered company situated in Cyprus. It was created in 2012 and had been trading in the EU without incident since then. It primarily deals in binary options. US traders are not accepted as of this writing.
The minimum deposit is $100, with earnings and bonuses going up to 85% and 100%. You can try their long- and short-term expiries by opening a demo account with no deposit.
The platform, which is an in-house technology, is reliable and appropriate for seasoned traders. It includes charts, lines, candlesticks and historical analysis and serves as a business analytics tool.
You can configure three assets with quick access shortcuts on the platform. Similarly, you can trade four assets simultaneously using a main window and three sub-windows. Email and phone support are available.
IQoption
IQ Option was founded in 2012 and has since received positive feedback on the internet. For trading, it employs in-house software. The maximum possible return is 95%.Traders from the United States, Australia, Canada, Russia, Belgium, Japan, Turkey, Israel, Iran, Sudan, and Syria, on the other hand, are not accepted. As a CySEC-regulated broker, IQOption Europe Ltd. is well-known for providing dependable services.
It offers a variety of web-based and mobile tools that make binary trading more transparent, reliable, and efficient.
It, for example, provides a speed trading service in 5-minute increments and hourly binary options in 15-minute increments. It also provides trade expiration dates of up to a month.
Furthermore, its Digital Options service enables customers to trade gold in over 500 different assets.
Nadex
One of the most prominent binary options trading platforms is Nadex (North American Derivatives Exchange). One major reason for this is that it is governed by the Commodity Futures Trading Commission (CFTC). Another advantage is that it simplifies trading.This is due to a more straightforward trading format and user-friendly interface. Of course, it also includes advanced technical analysis tools like the candlestick chart and a plethora of indicators such as moving averages (MA), Bollinger Bands, and Stochastics, among many more.
Users have access to many markets, including Forex, stock indexes, commodities, and economic events such as the unemployment rate. This is only possible with a single account. Nadex requires no initial deposit and no sustaining balance in trading accounts.
As a result, the entry barrier is nearly nonexistent. Furthermore, consumers benefit from a very cheap trading charge of $1.00 per contract and an additional $1.00 as a settlement fee for an in-the-money or winning trade.
When you finish out of money, there is no settlement charge. Users will never lose more than they put up for the trade with the functionality.
Note:
Make sure you research on your own to confirm any information given in this article about any of the binary trading if you wish to use any.