Top 3 Binary Options Brokers: Comparison of IQ Option, Binary.com and HighLow

What are the top 3 binary options brokers today? Arguably, these are also one of the most popular, secure and regulated brokers in the industry. In this article, we’ll take a closer look at the terms, assets, trading platforms and accounts of:

1. IQ Option
2. Binary.com
3. HighLow

Binary options brokers provide traders a platform to do their online trading in a secure environment. These companies also provide you with guidance and assistance online by helping you facilitate your binary options trading account.

Since there are many binary options brokers to choose from, we have gathered the top 3 binary options you can use if you’re planning to get started in your trading endeavors. 

Growth of Binary Options

Many investors find binary options attractive and it appealed to numerous traders and newcomers. As the industry grows, brokers are also expected to become more reliable and trustworthy. According to Finance Magnates, the European Securities Markets Authorities (ESMA) even updated their regulatory framework to secure a fair treatment between traders and brokers in EU, particularly when it comes to brokers offering bonus systems to attract new clients.

Equipped with the right understanding and informed decision-making about binary options trading, there’s a potential for you to reap a huge sum of money through this trading option. This trading can reap you significant rewards, although, perhaps, not as stark as this rags to riches story from binary options as reported by The Sun.

How to Choose A Binary Options Broker

Choosing your binary options broker is one of the most crucial decisions you’ll make before executing any binary options trade. Since it’s a volatile market, having a good understanding of how this type of trading works and what to look for in an online trading platform is vital. Here are some factors to keep in mind:

1. Assets. Brokers offer a wide variety of assets, hence, you must look for a platform that offers the type of asset you’re interested in.
2. Payment methods. Having a variety of payment methods proves a broker’s reliability as it shows payment service companies trust them. Also, it provides you with many options to choose from according to your convenience.
3. Demo account. This allows traders to test their skills without risking their own money and capital. Not all broker offers this type of account, hence, checking beforehand if it’s available is essential to potentially help you increase your trading success rate.
4. Customer service. A reliable broker that you can easily contact regarding any issue or inquiry is valuable. Additionally, it’s also recommended to choose one that’s available in your language and has several contact channels, live trading charts, and tutorials.
5. Bonus money. This is optional, but looking at brokers that offer bonuses may appeal to you to maximize your investment.

Top 3 Binary Options Brokers

1. IQ Option

IQ Option is the leader of our top 3 binary options platforms with its top-notch user interface for traders and excellent fusing of functionality and transparency. It is considered as one of the most reliable and trustworthy binary brokers in the industry as it’s licensed and regulated by the Cyprus Securities and Exchange Commission (CySec). The company is fully compliant with all the regulations of the commission and is authorized to operate and sell their products in a number of jurisdictions.

The online trading platform is one of the best in industry standards. Aside from binary options, IQ Option also offers other alternatives including Contracts for Difference (CFDs) on stocks, Cryptocurrencies, Forex, Exchange Traded Funds (ETF), and digital options (with assets such as commodities, currencies, indices, and stocks).

It’s a robust application that’s packed with features that meet the needs of different types of traders – from professional ones to the newcomers – as it’s both functional and easy to use. Learning how the platform and binary options work is streamlined with the wealth of education and training resources provided by IQ Option. Materials such as tutorials, videos, webinars, e-books, and FAQ sections are easily available for traders to utilize.

Additionally, it offers convenience to its users with flexible deposit and withdrawal methods. It gives its users a wide array of options to fund their account via debit card, credit card, Skrill, WebMoney, Cash U, Neteller, Moneybookers, wire transfer, and even using Bitcoins. Withdrawing money is just as convenient.

If you’re interested in trying out this broker your can easily start trading with IQ Option here.

Terms

1. Minimum deposit: $10
2. Payout: 91%

Platforms

IQ Option is equipped with one of the most sophisticated platforms in the binary trading industry which is overhauled and updated to equip more advanced tools and features such as take profit levels and spot losses. Here are the devices you can use:

1. Desktop. The app can be downloaded or accessed in the web on your PC or Mac. It offers four different layouts (line, candlestick, area, and bar) to view the charts according to your preference. It lets you make multiple trades and has technical analysis features.
2. Mobile. It has a tailored mobile app that’s available on Android, iOS, and Windows versions. The interface is familiar as it’s designed to match the desktop version’s buttons, screen, look, and feel.

Accounts

1. Demo account. One of the best in the industry, IQ Option gives users a demo account with a renewable supply of virtual funds. It runs alongside a real money account.
2. Live account. Traders can immediately start trading by depositing a low minimum investment amount of $10 to access your live account. Having a real account allows users to participate in trading competitions, access more than 70 assets, and request withdrawal processing within 24 hours.
3. VIP account. In addition to the features of a real account, a VIP account provides you a personal manager to assist you with any issues and inquiries and a monthly report on your trading records for insightful feedbacks. This account has higher payouts, entry to bigger tournaments, and exclusive educational materials. To get a VIP account, the user must deposit a minimum of $3,000.

2. Binary.com

Next on the list is Binary.com, one of the more established and respected brokers for binary options. It is fully licensed and regulated by the Isle of Man’s Gambling Supervision Commission which ensures the company stays compliant with the relevant regulations. It has one of the lowest minimum deposit requirements in the industry which makes it appealing to many traders.

The platform is known for being simple, straightforward, and easy to use. This lets you seamlessly execute your trade within seconds, track your portfolio in real time, sell trades at market prices and identify the appropriate trade for each market condition. As you scroll down, you’ll see comprehensive chart features that you can view in interactive, pop-up, line, and legacy viewing options. The trade types they offer include Rise/Fall Option Contract, Higher/Lower Option Contract, Touch/No Touch Option Contract, and Tick Trades which all sets them apart from other brokers.

Binary.com allows users to trade with flexibility. You can choose from a duration of 10 seconds to 365 days, a payout from $1 to $50,000, your own strike, and assets that range from stocks, indices, commodities, and major currencies. Another innovative feature of the platform is their “Binary Bot” service that assists traders to configure and build their auto-trader. Depositing and withdrawing funds to and from your account can be done by debit and credit card, e-wallets (such as Skrill and OK Pay), money transfer, and bank wire.

Terms

1. Minimum deposit: $5
2. Payout: 90%

Platforms

1. Desktop. It has a user-friendly platform with the basic functionalities and detailed features. It operates in real-time and lets you execute trades within seconds.
2. Mobile. Retaining the desktop version’s look and feel, the mobile app is optimized for Android and iOS devices. It’s designed carefully for traders to do quick, on-the-go trading anytime, anywhere.

Accounts

Binary.com only offers two straightforward account types:

1. Virtual demo account. A Binary.com demo account that you can quickly sign up on from your desktop or smartphone. It provides $10,000 for novice traders to practice and get the hang of trading binary options before even depositing your own money.
2. Real account. Once you decide to move to a real trading account, all you have to is make a very low initial deposit of $/£/€5. You can then easily access your virtual and real account via the menu box as you need.

3. HighLow

Placing on the third spot of our top 3 binary options brokers is HighLow. It’s a web-based online trading platform that’s designed with flexibility for novice and veteran traders. Regulated by the Australian Securities and Investment Commission (ASIC), it’s one of the industry-leading brokers that give you high payouts, free demo account, and real-time market prices.

The trade types they offer includes HighLow, HighLow Spread, Turbo, and Turbo Spread. The expiry time ranges from 15 minutes, 1 hour, and 1 day. For the Turbo option, traders can choose from 30 seconds, 1 minute, 3 minutes and 5 minutes. They also offer a bonus promotion of $50 cash back after your first trade whether you win or lose.

HighLow continues to be a popular name in the trading industry which shows a promising direction on aspects of the platform that users want them to improve, such as the list of their assets. The minimum deposit amount can be funded through hassle-free methods using your preferred currency that ranges from USD, AUD, EURO, and GBP. Meanwhile, withdrawal can be done instantly through credit card and Neteller while bank account withdrawals can take up to 3 days.

Terms

1. Minimum deposit: $10 ($50 for non-Australian traders)
2. Payout: 200%

Platforms

1. Desktop. HighLow is a web-based platform which means you can immediately use it by visiting their website without downloading any software. Their website is also translated into the Chinese and Japanese language. It’s one of the most user-friendly platforms with a well-arranged layout and comprehensive details.
2. Mobile. Trading on-the-go can be done easily using its optimized app for devices with iOS and Android operating systems. This allows users to trade immediately when an opportunity arises.

Accounts

1. Demo account. HighLow has a demo account that doesn’t require a registration to use their services and platform. Furthermore, it’s available for an unlimited timeframe. You’ll get $10,000 AUD to practice with which is ideal for beginners to familiarize the platform and develop a trading strategy.
2. Live Account. Through signing up on the website, you can immediately access HighLow’s services, start trading after depositing a low minimum amount and receive the $50 cash back.