Important! When you open an account with any broker from our rating of TOP binary options brokers, using links from our website, you guarantee yourself high reliability of trading and the safety of your funds. In case of disputes, we will directly contact the management of these companies and try to help resolve your issues!
As for trading using signals for binary options on our site, we recommend opening an account with several reliable brokers at once. Since we provide signals for different assets, some of them may not be available at one of the brokers at the right time, or the expiration time of a given asset may not be suitable. A similar problem can be easily solved by making a small deposit with another binary broker using a different trading platform.
For all questions regarding opening an account and resolving controversial issues, please contact our technical service. support [email protected] or leave a message in your personal account on our website.
The best binary options of 2021 from the editors
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In recent years, earning money (especially additional income) on the global network has become increasingly popular among our citizens, and this is not surprising. Firstly, the availability of the Internet is growing every year; it has already penetrated into the most remote corners of the country. Secondly, you can work at a time convenient for you, right from home. And finally, the choice of offers is so wide that everyone can find something to suit their taste and abilities.
Among the jobs that can bring more or less decent income, there are several main areas. This is freelancing, or remote work for hire, copyright (rewriting) - writing custom articles and advertising texts, your own business selling certain goods and trading, that is, trading various assets on virtual exchanges.
The last type of activity, trading, attracts the public for two reasons - you can earn money quickly and you can earn a lot. There are many ways to make such money, but today we will focus on only one of them, namely, trading binary options.
The result of our review was the following rating of brokers
Binary.com ranks first due to its license from the Maltese regulator. And also as the very first binary options broker. Its ability to work with all types of options is a definite advantage over other brokers- FinMax is considered the best broker of this kind in the Russian Federation. Its technical component is deservedly considered the best. This broker will be appreciated by both professionals and beginners
- Binarium – its main disadvantage is the lack of a license. For this reason, we put it in last place in the ranking. Otherwise, there are no questions for the broker
You can see more RELIABLE brokers in our TOP list!
Results
Having considered the 4 brokers and highlighting the best one, we invite traders to independently review each of the listed ones and choose the most convenient one for work. If for some reason none of them suits you, you can find a lot of other binary options brokers on the Internet. It is important that their reliability conditions are also at their best.
If you have any comments about the brokers described, or experience of trading on their platforms, share with us in the comments.
Learn more about binary options trading and Forex trading.
Binary option - what is it?
Before we talk about making money on binary options, you need to understand what they are. And they are a type of financial contract (derivative) with a fixed income, which allows you to make a profit on the movement of the value of underlying assets (stocks, currency pairs, indices, etc.). Sometimes they are also called “all or nothing” options, which has some truth to it.
The fact is that when trading BO, the trader is not at all obliged to buy the said asset. When you buy a binary option, you are making a bet that after a certain time (it is specified in advance in the contract), a certain event, also specified in advance in the terms of the option, will have the outcome you predicted. If the forecast turns out to be correct, then your insight will be rewarded with a bonus, which consists of the contract value plus another 50-90% of this amount (in each individual case, the amount of payments is indicated in the terms of the contract). Well, if you didn’t guess right, you’ll say goodbye to the money spent on buying the option. That is, you know in advance how much you will receive in the event of a successful transaction, and how much you risk losing.
Another feature of such contracts is their time limit for execution (expiration). In each case, this can be a different period of time, from seconds to a year (most often it is 10-20 minutes). But the profit does not depend on the duration of the expiration period, because, as already noted, it is fixed.
Sometimes this type of earnings is compared to roulette. A certain analogy, of course, can be drawn, but still in the case of binary contracts it is possible to make at least approximate forecasts based on market analysis. True, as for the foreign exchange market, it is not particularly stable, and predicting its behavior is a thankless task, which even professionals do not always undertake.
And yet, you must agree, knowing what factors and how they can influence the behavior of the price of an asset, one can assume with a fairly high degree of probability whether it will rise or fall. And that's all you need. Everything is quite simple and transparent, there is no need to fear fraud on the part of the broker, because all the conditions are clearly defined in advance, and the contract will automatically close immediately after the expiration of the agreed period.
How to choose the right broker
In order to start trading binary options, you need to register on the platform, open an account and make a deposit. There is no single exchange for this; all trading is conducted within the boundaries of one platform. The choice of such a platform should be approached with great responsibility, since the trader trusts it with his money. How not to make a mistake when choosing a broker?
It is necessary to pay attention to the following points:
- License.
- Reviews and reputation.
- Duration of work.
- Conditions for trading.
- Technical conditions.
- Staff and support.
Having a license ensures that the broker's activities are supervised. In case of dishonest activity, large fines are imposed on the company. Honest platforms value their reputation, act within the law and prefer to work with a license.
When studying a broker's reputation, you should take into account negative reviews and comments. They may also be unreliable. Therefore, you need to pay attention only to those reviews that are supported by evidence.
If a broker has been operating for a long time, the number of traders registered on the platform is growing, then there is reason to trust such a company. In this case, no fraudulent actions were observed in the work of this broker, which would cause the site to be closed.
If a novice trader is thinking about getting into binary options seriously and for a long time, he needs to pay attention to the trading conditions. These indicators include:
- Number of underlying assets.
- Quantity and quality of contracts.
- Analysis tools.
- The minimum investment required to conclude a contract.
A very important indicator when choosing a particular broker is the technical side of the work. If the platform operates with constant glitches and technical problems, then it will be impossible to work on it under such conditions. If trading on such a platform has already begun, then it would be right to change it.
It will also be useful for traders in Russia to know whether the broker’s activities are controlled by the Center for Regulation of Relations in Financial Markets (CROFR). This is the main organization that controls brokers in Russia.
If you are familiar with Forex, you can handle BO
And indeed it is. If you have ever traded on the foreign exchange market, then you can consider that you are well prepared to work with binary options. Basically, the same strategies, trading tools and analysis methods are used here.
The developers even almost abandoned the creation of purely option indicators, since the already existing Forex indicators are quite applicable in this type of trading and there is no need to add anything else. Even trading terminals, many traders prefer to use those that are already familiar and proven in currency speculation, such as, for example, MetaTrader4. Moreover, specialized terminals for working with BO do not have wide functionality. But still, indicators for binary options also have a place and may soon become more popular in this niche.
Binarium
Our rating opens with the undisputed leader and oldest representative of options brokers in Russia. The company has been operating since 2012. During this time, it successfully developed and expanded functionality for clients, which earned it respect among its audience. Binarium is officially certified by the independent institution TsROFR. This increases confidence in the broker.
Becoming a new Binarium client is very easy. By following the appropriate link, the client gains access to fill out the fields of the registration form. You need to enter your email address, create a password and select the deposit currency. Confirm your agreement with the rules and complete registration. You will receive an email with an activation link. Follow the link, thereby completing the entire procedure.
You can also register through your social network account. Click on the appropriate button, go to your account and allow the transfer of personal data. That's all. Google, Facebook, Odnoklassniki and VKontakte pages are available.
Operations for depositing and withdrawing funds are available in an extended version. The client can top up his account using:
- Qiwi;
- Webmoney;
- Yandex money;
- Mobile operators Beeline, MTS, Megafon;
- Bank cards.
The minimum deposit replenishment is 10 dollars or 600 rubles. To withdraw, you must pass verification. The lower threshold for withdrawal is 1 dollar or 60 rubles. The company does not charge any interest for the user transferring money to the deposit. Money is withdrawn within 24 hours for virtual emitters and up to 5 days for bank cards. The office does not charge a commission for withdrawals from accounts. The withdrawal request is processed quickly and without interruption on weekends.
Trading on the platform
Binarium allows you to trade options through a WEB terminal. The minimum transaction size is set at 60 rubles, or its equivalent in dollars. A trader has 80 instruments available for trading: currency pairs, stocks, commodities and cryptocurrency. The maximum percentage of profitability is 85%. For the convenience of users, you can trade more than 30 instruments to analyze the market situation. These include indicators, numerous graphical analyzers, and dominance indicators. The terminal is available in both mobile and PC versions.
The advantages of the platform include a 100% introductory bonus for the first deposit, a Russian-language interface, loyal trading conditions and prompt technical support. The broker also provides the opportunity to trade in demo account mode, while allowing you to study the process using videos. Among the disadvantages, it is worth highlighting the long verification process and a relatively large percentage for working out bonus funds.
How realistic is it to make money on binary options?
In search of an answer to this burning question, you will encounter diametrically opposed opinions. Some will argue that this is the best of all possible ways to replenish your own wallet, others, on the contrary, will try to convince you that there is no money to be made here.
Most of these statements are based on the writer's own experience. If a person manages to hit the jackpot, he will give a positive review; if it doesn’t work out, he will scold and accuse him of fraud. The truth, as most often happens, lies somewhere in the middle. And this applies to any financial market, and any type of trading operations.
Firstly, you should not enter the financial market completely unprepared. You need at least a minimum amount of knowledge about this area and the rules of trading. Secondly, personal discipline and determination are important here. If you believe the statistics, it is the absence of these qualities that leads to the defeat of up to 90% of novice traders. But if you are ready to constantly learn, analyze and correct your own mistakes, and also keep your emotions and feelings in check, then sooner or later luck will turn your way. Including binary options trading.
Although, we must admit that trading as a way to make money is not suitable for everyone. And not because someone is smart and someone is stupid. It’s just that every person has a propensity for certain types of activities and is completely absent for others. So not everyone will be able to earn money for a villa on the coast and a cool car, and the reason for this will not be the BO or any other assets. Here the point is different - either you didn’t do enough, or it’s not your thing.
What is important to consider when choosing brokers from the rating
Before you simply click on the broker from the first place in our rating, read this article to the end and make the right choice of broker based on your financial capabilities, degree of risk exposure and, of course, your experience in trading. Even the best binary options broker may not be suitable for all traders if it does not suit them according to one of the main criteria for the reliability of a broker.
Minimum deposit and bet size
Requirements for starting capital are important primarily for novice traders. Few of them will decide to immediately deposit several hundred dollars into their account, because they are not confident in the reliability of a particular broker, and they do not have enough knowledge and skills to not quickly lose all the money. The best binary options brokers take this fact into account. Our rating of the best binary options brokers offers excellent broker options for both beginners (PocketOption, Grand Capital, Quotex, Binarium, FINMAX) and more experienced traders (Alpari, IQOption, Binary.com).
The low minimum rate allows any investor who has shown an interest in financial markets to start a career. Professionals are accustomed to a large volume of trading operations and, accordingly, work without problems with high minimum bets, so the rating of binary options brokers contains a list of reliable companies with different trading conditions, because client requirements are also different and you need to choose the best broker for trading.
Whichever company you choose in the 2021 binary brokers rating, you can be sure of its impeccable reputation and transparency.
Bonus
To encourage new customers, many companies award pleasant bonuses on deposits. The best binary options brokers also practice similar “gifts”. In our Binary Options Brokers Rating, almost all brokers provide good bonuses to start trading. When replenishing your account for the first time, you can count on a good increase in your deposit, but you need to know the mechanism for using these funds so that there are no disappointments and problems with withdrawing profits in the future.
Of course, you cannot withdraw bonus money right away. To do this, you must fulfill a number of requirements, usually making a certain number of trades in order to achieve the required trading volume. Often this “threshold” is 10 or more times the size of the “gift” itself.
Sometimes a bonus is given for a clearly defined period of time, even with the best brokers, so the trader must have time to work with the additional money before it is written off.
You can refuse bonus funds if you do not like the conditions for their provision. Before you take money from a broker as a bonus, be sure to study all the requirements so that you don’t later regret the inability to withdraw your money from your account. Our rating of binary brokers provides information on the size of bonuses in the table; the choice to take a bonus from a broker or not is yours.
License
Government authorities issue licenses to brokers to protect traders from fraud. To obtain such a license, companies must meet a number of criteria, conduct business honestly and pay taxes. The best binary options brokers strive to obtain several certificates from different reputable organizations at once. Our Rating of Binary Options Brokers informs you about the presence of a license, you do not need to look for the website of the companies that issued these licenses, all the information is already provided in our list table.
Some brokers do not have a license at all or are registered through dubious offshore companies, but their credibility is appropriate. CySEC is the Securities Commission (Cyprus), a branch of the larger European regulator European MiFID. Their licenses are international and valid in all European countries. The regulator checks the activities of brokers for compliance with standards and, if necessary, imposes penalties. Our rating of binary brokers has 4 companies with licenses from CySEC and MiFID: 24Option, Alpari, IQOption and Binary.com (Deriv).
TsROFR is a Russian regulator. Its task is to maximally protect traders trading in financial markets. It is very difficult to obtain a certificate; the requirements are quite high, but those who receive it are truly safe brokers. Let us note that licensing the activities of a broker in the Russian Federation is voluntary; the corresponding law has not yet been adopted. The rating of the best binary options brokers demonstrates that the majority of nominees have CROFR certificates. Which binary options brokers in Russia have a rating that allows them to work successfully - the information is publicly available in our table. The most popular broker with a valid CROFR license, in our opinion, is PocketOption.
The rating of binary options brokers 2021 reflects all current information about the availability of licenses, and if such a license is taken away from one of the brokers, we will definitely display this in our list.
Number of assets
Assets are what is traded. Binary options are associated with a specific asset, the value of which constantly fluctuates, and we receive a profit for correctly predicting the future price. A wide range of trading assets at brokers allows you to diversify the trading process and expand your financial capabilities. The rating of binary brokers takes into account the range of assets for ease of selection. One of the mistakes beginners make is trying to trade everything at once. You should not open an account based on only one criterion - the more assets, the better. It is quite enough to gain skills in working with several standard tools. Our rating includes the best binary options brokers, offering their clients a wide range of trading assets for every taste. Binary options brokers in Russia have a high rating, which reflects the ability of Russian traders working in financial markets to trade an extensive list of assets.
When choosing the best broker for trading binary options, always look at how many and what assets the broker offers, our list has all the information about each broker.
Training, demo account
Providing comprehensive training by the broker is an important selection criterion. The rating of binary brokers brings to your attention only companies with high quality training materials. Articles with useful information, electronic textbooks, video tutorials, group webinars - all this will help a beginner gain practical experience and start earning money consistently and regularly. Binary options brokers in Russia improve their ratings by offering traders to receive initial education, including all the main sections of knowledge on binary options.
During the learning process, the beginner determines for himself whether he is interested in this direction, whether he wants to continue to be associated with binary options. Either way, the tutorials are completely free, so you have nothing to lose. The rating of binary options brokers shows that companies understand the importance of quality training; each of them has corresponding sections. A demo account allows an investor to practice a new strategy or simply evaluate the functionality of the platform. Some brokers provide clients with a demo only after they have deposited real money into their account, others do not impose such conditions. Feedback from traders suggests that the presence of a demo without any preliminary restrictions is often a huge plus for the broker and an important reason for registration. The rating of binary options brokers suggests choosing a company that provides a demo account for use; there are most of them on the list.
Technical support
Prompt technical support for customers is one of the ways to provide them with quality service. Those who are just starting to work on an unfamiliar site often need help, otherwise, without understanding the problem, they will start looking for another one. Our rating of binary brokers represents only companies with responsive and high-quality technical support, because we know how important it is to quickly find answers to questions that arise during the work process.
Average profitability ratio
In the corresponding column, the rating of binary brokers contains the average profitability per transaction for each broker. This indicator informs how much income a trader will receive from the size of his investment if his forecast turns out to be correct. The percentages fluctuate depending on the selected trading asset and the degree of risk: if the behavior of quotes is too predictable, the percentage is lower; if the pair or commodity is very volatile, the percentage is higher. The table shows their average value, taking into account all the assets available to the broker. The rating of binary options brokers will allow you to easily choose suitable conditions.
And now about BO with details
So, you made up your mind and signed a contract with a broker. As a rule, the meaning of this contract comes down to the fact that the exchange value of a certain asset by a certain date will be higher (or lower) than the specified level. Moreover, how much it exceeds this level or how much it falls below it does not matter. That is, you will receive your fixed amount (option value + interest) if the option wins, no matter how much the price changes. What's attractive here is that the size of the profit and the size of possible losses are known even before you enter into the contract.
The terms of the contract may be different, so you should carefully read them before purchasing the option. For example, some platforms do not return anything to traders if they lose, while on others you can get up to 15% of your investment back. Another case is the execution of a contract at a reference value while it was concluded for an increase or decrease. Depending on the specified conditions, the trader can receive back the entire amount, or maybe only part of it. The purchase/sale price of BO, of course, is not a constant value; the range of its changes is quite wide and depends on the current market situation.
Traders, instead of trading the assets themselves, resort to binary options as a means of making money by determining the direction of the price movement of this asset. There are only 2 options here - either the price will fall or rise, and it is enough to correctly predict its movement in order to receive your fixed income.
This financial instrument began to be systematically traded in 2008 on AMEX (American Stock Exchange) and CBOE (Chicago Board Options Exchange). In the same year they were standardized and received continuous quotation on the stock exchanges.
Over time, binary options brokers appeared and now there are quite a lot of them, which have developed their own trading schemes for these contracts, different from exchange ones, which is why it became necessary to carefully read their terms and conditions in each individual case.
TOP brokers from the rating, who are they?
In order not to waste time reading all the reviews and characteristics of each broker from the rating, you can study a brief overview of the top 5 brokerage companies that meet all the above-described requirements and characteristics and understand which of them is the most honest binary options broker. This will save your time and allow you to immediately get acquainted with trusted brokerage companies that provide binary options trading services.
5th place in the rating: broker Binarium
Binarium is a broker that has been operating for a very long time (since 2012) and still continues to gain popularity and increase the number of new clients who are interested in making a profit.
The broker is chosen mainly by clients from Russia, since Binarium has a simple and understandable trading platform, Russian-language support, constantly holds tournaments and promotions, and its trading conditions can be called very favorable.
About the broker:
- Sufficient amount of assets (currency and cryptocurrency) for beginners;
- Profitability around 85%;
- Two types of options (turbo and classic), which are divided by expiration;
- Indicators and analysis tools are available directly on the platform;
- Welcome bonus for new clients in the amount of 100%;
- Tournaments, including a free tournament with real prizes;
- Different types of accounts.
Binarium takes fifth place in our ranking due to its long service life, for which many traders choose it. The broker also gives great advantages to traders with certain types of accounts, and these are risk-free transactions and cashback, plus very fast withdrawals of profits without restrictions.
4th place in the rating: broker FiNMAX
FiNMAX is a modern and functional trading platform for options transactions, which will be easy to use for both beginners and professionals.
Over the entire period of its existence (operating since 2014), the Finmax broker has introduced many new and useful services that simplify binary options trading and allow you to start earning income from trading.
About the broker:
- A simple and understandable trading platform without unnecessary functionality;
- Provides trading on the Forex market;
- The ability to copy transactions using social trading;
- Trading is carried out in currencies, cryptocurrencies and stocks;
- Several popular indicators can be used on the platform;
- Free training and demo account for all new clients;
- Has a license from the Center for Financial Markets.
The broker takes fourth place in our rating due to the fact that it has a license from the regulator, allows you to copy transactions on its platform, and also provides the opportunity to receive trading signals and use risk-free transactions.
3rd place in the rating: broker Deriv (Binary.com)
The company initially began its existence in 1999, but at that time binary options themselves did not yet exist. The broker continued development under the name Binary, and in 2021 the company changed its name to Deriv, although many still call the broker Binary.
The company is licensed and has a license from the MFSA (Malta), and its operating time has already exceeded 20 years!
About the broker:
- Several licenses that are used depending on the country of registration of the client;
- You can trade not only binary options, but also Forex;
- For trading, it provides several trading terminals, including MetaTrader 5;
- You can use four types of options in trading, including classic ones;
- Many indicators can be used for analysis;
- You can start trading from 35 cents;
- Accounts are opened in cryptocurrency in addition to standard currency;
- You can top up your account with cryptocurrencies.
Broker Deriv takes an honorable third place for a reason. In addition to the wide functionality, all traders are given the opportunity to create their own trading robots and use the risk manager service, which, when configured, will limit trading after receiving losses. And also the brokerage company has a very high level of protection, which is confirmed by the API settings.
2nd place in the rating: broker Quotex
Quotex is the youngest brokerage company in the rating, as it appeared in 2021, but this has not stopped the broker from already gaining some popularity and earning the trust of traders who now constantly trade through the broker.
Quotex is often compared in design to OlympTrade, as their trading platforms are very similar. In addition, the functionality of the platform is wide, and it is very simple and clear to use, so even inexperienced users will not have difficulty understanding it.
About the broker:
- Has a license from the regulator CROFR;
- Allows you to trade currencies and shares of American and Russian companies;
- It has a large set of indicators, as well as graphical analysis tools;
- Account replenishment is possible using standard methods, as well as with cryptocurrencies or through a mobile operator;
- It is possible to monitor traders’ ratings;
- The profitability of options reaches 95%.
Quotex takes second place not only due to its advantages and honesty, but also because transactions on its platform are opened instantly, regardless of the amount or expiration, which makes trading convenient especially for turbo options.
1st place in the rating: broker Pocket Option
PocketOption is perhaps the most innovative and honest broker at the moment, since in just three years the company has shown a huge increase in new traders, as well as significantly improved functionality.
The broker began operating in 2021, has a license from the Center for Financial Markets, very wide functionality that will satisfy any user, and most importantly - excellent trading conditions.
About the Pocket Option broker:
- For trading it provides a huge number of currency pairs, stocks, commodities and cryptocurrencies;
- You can top up your account in any convenient way, including not only cards and wallets, but also cryptocurrencies and mobile operators;
- You can use the transaction copying service and passively receive profit;
- There are free signals;
- A large number of tournaments, both paid and free;
- The most informative trading statistics;
- For the pros, you can use pending transactions, as well as express orders;
- All traders can earn rewards and exchange them in the market, receiving risk-free trades, bonuses, discounts, cashback, tournament tickets and much more;
- Trading is also carried out on weekends (quotes are over-the-counter at this time);
The Pocket Option company earned the first place as the best broker due to its innovation and very wide functionality, which allows you to both receive additional profit and earn money even passively. In addition, you can start trading with a demo account, winning one of the tournaments and winning real money, which can ultimately be used to buy options.
What are binary options?
There are several main types:
- The first includes contracts, the condition of which is to correctly predict the direction of movement of the value of an asset relative to its price at the time of the transaction. If we are talking about an increase in price, then these are Call contracts, if we are talking about a decrease, then these are Put contracts.
- The second type is a bet that the price will reach (One Touch) or not reach (No Touch) a specified level before the contract expires. If the level has been reached, then where the price will move next is no longer important.
- And the third type is a forecast of the corridor within which the price will be (In) or its exit from this corridor (Out) before the expiration time.
Binomo
A broker working on the Russian market for about 6 years. During this time, he managed to gain popularity among traders. The platform is constantly expanding its functionality and the degree of protection of user personal data.
The registration process is also carried out by email with entering a password and confirming it. You must also provide and confirm your mobile phone number. You need to confirm your account using the link sent to your email. When registering through Google or Facebook, you must confirm the transfer of personal account data. The company is very strict with its customers, therefore it requires mandatory account verification.
The minimum balance requirement is $5 or the equivalent in euros or pounds. You can top up your balance using the Yandex.Money, Webmoney, Qiwi, MasterCard, Visa systems. Withdrawal is available only for verified accounts and is a minimum amount of $10. Funds are withdrawn upon request, the processing of which takes 3 business days. To transfer from a deposit, the system with which the replenishment was made is used. To change the withdrawal system, you must contact technical support.
Trading on the platform
Trading capabilities and functionality are the main stumbling block in disputes about Binomo. The brokerage firm allows traders to trade currency pairs and stocks, and the list is also complemented by four commodity assets. The main novelty is random transactions. Their essence is that the profitability in this mode does not change at all, and the asset is protected from surges and reactions to what is happening on the world market. This technique allows you to protect the trader from unnecessary losses. The minimum trade is $1.
The terminal through which trading is carried out is the company’s own development. Its advantage can be safely called the expanded ability to customize the trading level and install four charts at once. The terminal has standard indicators and tools for market analysis. To receive them, the user just needs to go to a special menu.
Among the advantages of the organization, it is worth highlighting the replenishment amount of 5 dollars and the maximum functionality of the trading terminal. The terminal also works very quickly and efficiently even with a weak Internet connection. The downside is the need to use a third-party package with technical indicators and various analysis tools - however, like all online platforms.
Advantages of this type of trading
Binary options are quite competitive as a tool for making money, since they have quite serious advantages:
- The first thing I would like to note in this sense is the ability to calculate in advance your income in case of a positive outcome of the transaction for you and losses in case of failure, that is, a person knows in advance what he is risking. In addition, this instrument surpasses many others in terms of profitability.
- The second thing that attracts is the accessibility of BO for most traders, which cannot be said about the assets themselves, where not everyone can overcome the price threshold. And even if they can, then investing the same amounts directly into an asset will not have such high efficiency.
- One cannot help but recall the comparative simplicity of the process itself, which is attractive, first of all, for beginners who have no experience. Agree, in order to determine only the direction of movement of the value of an asset, an overly complex and in-depth analysis is not so necessary; you can get by with a reasonable minimum of information about this asset.
Secret of success
Each of the successful traders described above began to master the financial market without having a large sum. However, they managed to learn the principles of trading and now they regularly receive income. Stock traders achieved success in options trading in different ways, but there are several factors that helped them in this:
- persistence;
- cold calculation;
- continuous training;
- Believe in yourself;
- activity and error analysis;
- application of strategies.
All successful speculators at the beginning of their journey suffered failures and lost their deposits. They wanted to give up everything, but they didn’t, but continued to study. After realizing their mistakes, traders changed their approach, tried new tactics and now say that anyone can succeed. It is worth taking advantage of the experience and also gaining financial independence.
And yet, let's talk about types of analysis
Since you and I have come to the conclusion that trading binary options is not the same as playing roulette, since it is based on analysis, then let’s continue this topic and consider what types of analysis can and should be used here. If a person comes to the BO market with serious intentions, then at a minimum, he must be able to use technical analysis, in other words, he must be able to understand and use signals and evaluate the behavior of the chart.
The advantage is that in this case you don’t need to come up with anything yourself, you just need to look at and correctly interpret a ready-made solution. To interpret correctly means to determine what trend (upward or downward) a particular signal indicates. True, the signals also have many disadvantages - they are not particularly accurate, and are often not correct at all.
The second type of analysis, fundamental, is used by more experienced market players to develop a strategy for binary options. Here you cannot do without deep knowledge of the laws of market behavior. Technical analysis is an integral part of fundamental analysis, but it is more superficial and does not bring such high results as fundamental analysis.
Secrets from the professionals
Beginners are very interested in learning how to become a successful binary options trader, and whether professional market players have any secrets. Surely, in the process of trading, unique skills are developed that cannot be found in educational literature. Brokerage companies even offer some traders to work as analysts on the site. Of course, professionals of this level have their secrets:
- You need to devote enough time to your main occupation, work. Winners have an inherent desire to constantly improve their results and improve. If a beginner initially has no desire or desire to develop, then it is better not to waste time. Love for your business begins with interest, so beginners should at least have an interest in making money in the BO market.
- Traders do not work according to a schedule: from 8 to 17 or from 9 to 18. They are constantly busy with their favorite activity - trading. If you add his attention, perseverance, patience, analysis, reflection, conclusions to the initial interest of a novice player, then a love for trading will form on its own - this is the law.
- You need to be a little patient in your studies. It is believed that professionals are always in a state of self-development and self-improvement. They don't stop there. Yes, success can turn a newbie's head, but not for experienced players.
You should take your first wins calmly. Profit is the result of hard work. If there is no profit, then you need to analyze it better and not miss important details. For professionals, every loss is an incentive for development.
- Experienced players never trade on autopilot: with the help of robots, algorithms, and various programs. They can use robots as an aid, for example to check a trend. The decision to open positions in a certain direction is made by professionals independently.
- Pros are always aware of the trend. Only constant monitoring of quotes on large timeframes and competent market analysis help make forecasts with high accuracy.
- Choosing the right brokerage company. Only with long-term cooperation with a reliable broker is professional growth and stable income possible. If the company does not withdraw profits, supplies incorrect quotes, and the terminal freezes, then there can be no talk of any progress or stable profits.
- Work on mistakes. Everyone has first mistakes. After losing your deposit or a series of unprofitable trades, you need to stop and analyze the reasons for this state of affairs. There is no point in giving up your desire to make money trading BO, because all professionals start with unprofitable trades. They just don’t give up halfway and correct the shortcomings in their work.
- Self-control and discipline. Only discipline and determination are the best assistants in trading. There is no place for excitement in binary options - this is the path to degradation and loss of capital.
Profitability of binary options
In the field of online trading, this is perhaps one of the most profitable tools. In a few minutes, a person here can earn a month’s salary, because the yield is 50% and higher. Many contracts offer even 90% of the income.
Such a big difference is due to the different popularity of currency pairs and the market situation. If there is a pronounced trend, of course, no one will offer you a high percentage, because not a single broker is interested in working at a loss. The profitability of such contracts is one of the reasons for fierce competition between trading platforms, each of which wants to attract customers with more favorable conditions. Well, the broker’s reputation, of course, also plays a role.
Nuances of the Russian binary market
There are a lot of options brokers, but not all of them are suitable for traders from Russia. Often the websites of European companies are not Russified, do not accept Russian documents for verification, and do not allow withdrawals and deposits in a way convenient for Russians. This prompted us to make a rating of the 5 best options brokers, fully adapted to the Russian segment of the Internet and offering the most convenient trading platforms for traders. The TOP-5 list was compiled according to the most favorable conditions, functionality and methods of working with the personal deposit of the user of the binary platform.
So is it worth getting involved in the BO trade or is it, after all, a “scam”?
Regarding the “scam”, let’s say right away – no, it is not a scam, despite the fact that traders who have failed in this market never tire of writing about it. But if you chose a dishonest broker who disappeared with your money, this does not mean that the entire market is a complete deception and fraud. Or, if someone lost their invested funds due to their frivolity and unwillingness to conduct at least a superficial analysis of the asset, this also does not mean that the entire system is flawed. Therefore, do not believe the sweeping accusations.
If you feel that working on the financial “front” is exactly what you need, then you should definitely try BO trading. At least because of the advantages of this business that were mentioned above.
But you need to do this wisely, understanding that it takes time to understand the essence of the financial instrument itself and the benefits that it promises to a skilled trader. So determine for yourself a period of development of this market, for example, a year. And when this period has passed, compare your initial results with those you have after a year. If you see clear progress, then you need to continue. If your achievements don’t look impressive, do some “work on your mistakes” and either change your approach or simply leave this area and don’t waste your time. Perhaps in some other matter you will be able to achieve much more. We advise you to thoroughly study the binary options rating, which will help you avoid fraud and scams from brokers as much as possible.
But you definitely need to try. After all, this is the only way to find out the essence of this type of trading, which, we repeat once again, is very promising and profitable.
Rating of BO brokers 2021 according to the blog + withdrawal deadlines
Based on everything said above, we will make a small rating of BO brokers and conduct a survey regarding the withdrawal of funds from each broker:
1 place
Deriv (Binary.com) . We give him the palm as the oldest and most reliable company with access to all existing types of options. The license from the Maltese regulator also influenced our decision. In addition, the recent rebranding has transformed the broker even more, and all the disadvantages that existed (mainly related to the interface and convenience) have sunk into oblivion.
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2nd place
Intrade Bar . A fairly young broker with very fast withdrawals (mostly within 15 minutes). There are never any problems with withdrawing your earnings. This is the main reason why working with a broker is a pleasure. Convenient platform with charts from Trading View. Well-deserved second place.
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3rd place
Pocket Option . Well-deserved 3rd place. A quality broker, with a good terminal, fast withdrawals, and an impressive bonus system that deserve special attention. Trading conditions are as favorable as possible, and this is one of the main pros of this broker. The graphical shell is presentable, trading is a pleasure.
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4th place
Binarium . If we evaluate the technical component, then everything is at a high level. There are various competitions and bonuses. Money is withdrawn quite quickly. But Binarium does not have a regulator, which many may not like.
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5th place
Olymp Trade . The only reason why this broker occupies only fifth place is its withdrawal from the Russian market. As I already said, Russians can trade here only through a VPN, which is not always compatible with a good Internet connection speed. And the broker is really good. If you had an account with Olymp Trade before the ban, then you can safely continue trading, as many do. If not for leaving Russia, this broker would have competed in the TOP for the title of best binary options broker.
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6th place
Finmax . It deservedly occupies fourth place, and most importantly, it has a high technical component. Many consider him the best binary options broker in Russia. Perfect for intermediates and pros. The rather long withdrawal of funds (according to the regulations, 7-10 business days) and the need for mandatory verification are confusing, so only 4th place.
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In general, any of the 5 brokers will provide stable trading and withdraw money if necessary. So all 5 companies are suitable for opening an account, and make your final choice based on the details.
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Let's summarize
Well, now you have become acquainted with binary options, their characteristics and the opportunities that they open up. They can truly make you rich in a very short period of time. Or they may not do it, it will depend on your mood, knowledge and a little bit of luck.
But even if you earn a little money, you don’t have to spend any incredible efforts for this. You can work from home, from a cafe, while traveling or sunbathing on the beach, the main thing is to have a computer or some kind of mobile device and access to the network. Plus, you don’t need a lot of capital to get started. Convenient, profitable, affordable! So why not try it?
Criteria for a successful trader
On the websites of brokerage companies there are real stories of traders who were able to achieve stable profits from trading binary options. All these people are distinguished by perseverance, the desire to understand the reasons for losses, the ability to cope with emotions and other character traits that contribute to the development of professionalism in BO trading.
The main criterion is the ability to trade binary options with profit, regardless of the market situation and your emotional mood.
Professionals do not pay attention to the degree of volatility of a particular currency pair. They think big and understand how to act in certain conditions.
For example, a beginner knows about the existence of several assets: the EUR/USD currency pair, gold, oil and Gazprom shares. When the trading session begins, he will pay attention only to these underlying assets and will try to choose a strategy for them. But there are many advantageous positions in the BO market. While a beginner is picking up ST, the market will already change and his tactics will not be relevant.
At the start of the trading day, professionals will quickly glance at the quotes and look at the economic calendar - this is enough for them to get their bearings, select several assets and begin their methods of analysis. The successful player will then decide whether to enter the market or wait for a more favorable moment.
So, in order to make stable money in the BO market, you need to develop the qualities of a successful trader and eliminate all unfavorable conditions.
Olymp Trade
The fastest and most technologically advanced broker in the Russian options trading segment. Has certification from CROFR. On the Russian and CIS markets since 2014. For some reason, a broker rarely becomes a participant in such ratings. With standard conditions and services, and a large number of original developments, Olymp Trade is still a company with great guarantees and a loyal attitude towards minor violations.
The registration process at Olymp Trade consists of entering your name and login, your email and specifying a password - it can also be generated automatically. To confirm your registration, you will receive an activation link by email. The company does not require mandatory verification. This process is necessary when withdrawing $1,000 or more from a deposit and if there is a suspicion that more than 1 account has been registered.
The main methods of depositing and withdrawing funds are:
- Webmoney, Yandex.Money, Qiwi;
- MasterCard, Visa;
- Russian mobile operators.
There is also the possibility of topping up in cryptocurrency. The minimum amount in this case does not exceed ten dollars. For withdrawal - 5 dollars or a similar amount in ruble currency. When withdrawing funds to virtual wallets, no commission is charged. When withdrawing funds to bank accounts, the fee is $50.
Trading on the platform
Trading conditions, in addition to standard ones, have been expanded by providing 120 asset options and options for setting the expiration period up to 30 seconds. Also new in the field of options trading is a trading terminal. In addition to the main functionality, it is possible to synchronize transactions from different devices. The broker provides the user with multiple algorithms for analyzing the market using 50 different methods of instrumental and graphical analysis, there is an indicator of traders' activity, a chat room and the ability to participate in tournaments. The peculiarity of the terminal is its data transfer speed. The developers claim technologies for quickly determining market changes, with low Internet speeds and high productive returns.
The main advantage of the company is its loyal attitude to the withdrawal of small amounts, without verification, the speed of withdrawal without an application and the speed of information processing by the terminal. The downside is the impossibility of trading some assets. They turn on at a strictly defined time. Also, the percentage of return on all assets does not change depending on market volatility.
