Binary Options brokers hold immense power, but also a good deal of responsibility. They give traders access to the market, hold their funds and allow them to withdraw when needed. An extensive list of the best binary options brokers is available on our site, along with basic trading information and reviews. However, after a lot of turbulence in the broker market throughout 2013, we thought we’d write an update on which brokers are leading the pack in 2014.
A binary option relates to the movements in stock and trading with it allows you to profit without having to invest in purchasing the stock. As it comes with two possible outcomes, this form of trade is called a binary options trade. Although they are considered to bear considerable risk, binary options provide high rewards.
Of the many binary options brokers on the market, most binary options experts have selected TradeRush as the best 2014 broker, for its overall service, yet most binary options brokers offer similar services. A brief overview of the distinguishing features and options each of the main global brokers provides is listed below, starting with TradeRush and ending with MarketsWorld. When choosing a broker, one should bear in mind that all of the brokers currently on the market have brought something special to the binary options trade table.
#1. TradeRush
TradeRush is currently the best overall broker, an established trader with unrivalled reputation in the industry. They were the first to use the 60 second trading feature and currently offer four more trading options, option builder, 60 Seconds and OptionPro and Binary Options, including Bitcoin.
A few years ago, we wrote a detailed review of TradeRush. On their platform, most trades produce payouts ranging from 65 per cent to 80 per cent, with the exception of the High Yield One Touch trade option, which produces up to 500 per cent weekly return for successful trades. iPhone owners will be particularly thrilled to find that they can use the TradeRush mobile app. An interesting feature is their market sentiment button, which reveals the market bias toward an asset.
#2. RedWood Options
Redwood comes with 60 second Binary Options, pair options, roll over, double up and one-touch trading features, a designated personal account manager, financial charts and news updates. They use the SpotOption platform, which is CySEC licensed, adhering to Cyprus financial regulations.
#3. 24Option
24Option is reputed for having the best customer service, with support interface on their platform and round the clock Live Chat help. With a simple form that directs customers to the appropriate agent, service in 16 countries and languages, 24Option is dedicated to fulfilling the customer’s needs. Their trading interface is also available for use on mobile devices.
If you’re interested in more information on 24Option, you can read our review of their platform.
#4. StockPair
StockPair are unique in that they have a custom platform for both binary and pair options. The first brokers to offer pair trading, StockPair allow you to visualise and compare different assets to predict their performance.
#5. BeeOptions
Bee Options is a broker with no hassle withdrawal procedures, appreciated for its honesty, transparency and integrity. As one of the first brokers to use the SpotOption platform, they offer an extensive list of trading features and they are known for exceptional service and training, which is remarkable considering they are relatively new in the industry.
#6. PowerOption
PowerOption are based in SeyChelles and uses Avatrade management for a web based platform accessible on iOS and Android powered devices. They offer a demo account and four trading contracts, including One Touch, High/Low, Range and 60 Second Options.
#7. Binary.com
Binary.com uses a custom platform with four types of trade, including High/Low, Rise/Fall, Touch and In/Out of Range options. Aside from the fact that it offers line, interactive, pop-up and legacy charts, Binary.com is a licensed and regulated broker with some of the highest payouts, on average, in the industry. Additionally, you have free access to a demo account allowing you to trade a large variety of assets.
#8. ZoneOptions
Zone Options stand out with their First Trade Risk Free offer, covering first try losses. It uses the same platform as 24Option, which supports mobile trading on Smartphones. With Zone Options, you have a choice of three trading instruments, High/Low, Touch or No Touch and In or Out.
As opposed to most binary options brokers, they provide their operational address. They also offer Roll Over, Early Closure and they have a High Yield Touch option for payouts as high as 360 per cent.
#9. GTOptions
GToptions excel in training. They have an impressively extensive video library, free eBooks and they also offer one-on-one training. They offer signals, economic calendars, an earnings tool and candlestick charts.
#10. TopOption
TopOption offers a friendly user interface and helpful trading guides for the novice. A CySEC regulated broker, the training and education programmes they provide are extensive, including training webinars, e-books and video tutorials. The Rollover, Sell Early and Double-Up features help minimise losses. Their High Yield One Touch trade instrument offers a weekly return of up to 500 per cent for trades that are successful.
#11. EZTrader
EZTrader has a simple user interface with a screen that displays the Trading Area of the straightforward trading platform, mainly notable for its buy-back feature, the SellOption. EZTrader accepts country-specific payment methods and it is one of the few companies that offer multilingual customer support via telephone and live chat. For more information, you can read our EZTrader review here.
#12. MarketOptions
MarketOptions use the same SpotOption platform to trade 80 assets, including stocks, currencies, commodities and indices. Their trade choices include One Touch, 30, 60 and 120 Second Options, Double Up, Roll Over, Pair Options and Sell Early features. Additionally, they offer a free demo account for you to practice before investing real funds.
#13. MarketsWorld
Finally, MarketsWorld is regulated by the Isle of Man Gambling Supervision Commission and provide separate accounts for deposits and profits, with a negligible minimum deposit and withdrawal threshold, a free demo account and exceptional return rates.