ETX Capital Broker Review ¦ Binary Options Brokers in South Africa

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

Contents

Top Rated Binary Brokers – 2020

Although they were only introduced in 2009, binary options brokers have taken Forex world by force. But with the fleet of binary options trading brokers expanding regularly, traders may need help determining which ones are the best. We’ve tested dozens of brokers and have compiled our findings into these comprehensive binary options reviews.

Our binary options reviews are based upon our in-house testing of each broker. We recorded our experiences with the trading platform, customer service and ease of use each broker, and we listed the minimum deposit, languages available and other critical information to help you make an informed decision. Find the right binary options broker now!

US-based traders can take advantage of our top US Binary Options brokers list.

Broker’s Name Minimum Deposit Deposit Bonus Maximum Gain Minimum Position Regulation More Info
$250 50% 85% $20 CySEC Visit site $5 30% None None None Visit site $200 None 81-85% $5 CySEC Visit site
4 $250 100% 85% None None Visit site
5 $1000 Up to 100% 86% $250 None

Binary Options Brokers Reviews

For those looking to trade something familiar and exciting from the comfort of their home, Stockpair may be the perfect broker. Stockpair was founded in 2020 and is regulated by IFSC out of Cyprus. Much like Forex trading which pits one currency against another, Stockpair allows traders to trade binary options or stock pairs against each other on straightforward, technologically advanced binary and stock option platforms. There are some generous bonuses at Stockpair that are worth checking out.

Ayrex is a binary option broker established in 2020 and operated by Advanced Binary Technologies Ltd. Its main office is located in St. Kitts and Nevis. Ayrex believes that simplicity is the way to go and they have built their website to make it as easy to navigate as possible. This simplicity is extended to the trading platform which has a user-friendly interface with simple Call and Put buttons, ultra-fast trade execution, flexible trading, and a wide variety of trading tools.

10Trade is a binary options brokerage owned by Holiway Investments Limited. Holiway was one of the first companies to offer its clients a fully licensed and registered binary options program with regulation by the Cyprus Securities and Exchange Commission (CySEC). Its customer support is responsive 24/7 via Chat, email or toll free phone numbers and representative are around to provide personal guidance for every trader. Both support and the platform are available in 11 languages.

Option500 is a binary option broker domiciled in London, U.K. offering traders the opportunity to trade currencies, stocks, commodities, indices and pairs. Option500 has offices in several locations and offers customer service 24/7. It opened its doors in 2020 and has already received several awards for outstanding service. The layout of Option500 is clean, informative and easy to understand. The tools, resources, charts and asset listings are of good quality and high standard and are conveniently located on the site. There is quite a lot of educational material with a wide variety of videos and a Trading Academy for holders of the Pro account.

Boss Capital is a relative newcomer to the binary options market but it has already become a leader in a very short time. Domiciled in the United Kingdom, Boss Capital maintains satellite offices in close to thirty different countries across the globe. They offer over 200 assets for trading including binary options on commodity futures such as Platinum, Gold, Silver, Corn, Coffee and sugar and is one of the few binary options brokers that offer boundary options which are great for trading economic releases.

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Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

ETX Capital Review: Can You Trust Them With Your Investments? We Investigate

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Last Updated on June 14, 2020

Overview

Risk Warning: Your Capital is at Risk

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

ETX Capital is an online market maker that provides a platform for Contracts for Difference (CFDs) trading. CFDs are derivative securities that allow customers to gain exposure to the price of financial instruments without actually holding the instruments in their accounts. ETX Capital offers CFD trading on asset classes including forex, indices, shares and commodities. The firm also offers spread betting.

ETX Capital offers traders a choice of three trading platforms as well as mobile options. Traders can access over 6,000 markets and employ leverage of up to 1 to 100 on most products and 1 to 400 on the MT4 platform.

ETX Capital’s parent company has over 50 years’ history of offering trading products and services to the marketplace. Traders seeking a reliable, well-regulated broker that provides access to several types of derivatives products may want to investigate ETX Capital. Please remember that trading CFDs exposes traders to the possibility of losses. CFD trading is for experienced traders.

This review of ETX Capital will cover all of the important details about the broker and discuss its major advantages and disadvantages.

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History of ETX Capital

ETX Capital is a trading name of Monecor (London) Limited, a member firm of the London Stock Exchange that was established in 1965.

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ETX Capital has headquarters in London, United Kingdom. Monecor (London) Limited is authorized and regulated by the Financial Conduct Authority and has Financial Services Register number 124721.

ETX Capital offers customers dedicated 24/5 customer support in English, French, Spanish, German, Polish, Czech, Greek and Mandarin. Traders can contact customer service by phone or email. The broker does not have live chat support, which is a disadvantage. Traders can view the ETX Capital website in more than 15 languages.

Where Does ETX Capital Operate?

ETX Capital is available in the following countries:

  1. Afghanistan
  2. Albania
  3. Algeria
  4. Andorra
  5. Angola
  6. Anguilla
  7. Antigua and Barbuda
  8. Argentina
  9. Armenia
  10. Aruba
  11. Australia
  12. Austria
  13. Azerbaijan
  14. Bahamas
  15. Bahrain
  16. Bangladesh
  17. Barbados
  18. Belarus
  19. Belgium
  20. Belize
  21. Benin
  22. Bermuda
  23. Bhutan
  24. Bolivia
  25. Bosnia and Herzegovina
  26. Botswana
  27. Brazil
  28. Brunei
  29. Bulgaria
  30. Burkina Faso
  31. Burundi
  32. Cambodia
  33. Cameroon
  34. Canada
  35. Cape Verde
  36. Cayman Islands
  37. Central African Republic
  38. Chad
  39. Chile
  40. China
  41. Colombia
  42. Comoros
  43. Congo
  44. Costa Rica
  45. Cote d’Ivoire
  46. Croatia
  47. Cuba
  48. Cyprus
  49. Czech Republic
  50. Denmark
  51. Djibouti
  52. Dominica
  53. Dominican Republic
  54. Ecuador
  55. Egypt
  56. El Salvador
  57. Equatorial Guinea
  58. Eritrea
  59. Estonia
  60. Ethiopia
  61. Faroe Islands
  62. Fiji
  63. Finland
  64. France
  65. French Guiana
  66. French Polynesia
  67. Gabon
  68. Gambia
  69. Georgia
  70. Germany
  71. Ghana
  72. Gibraltar
  73. Greece
  74. Greenland
  75. Grenada
  76. Guadeloupe
  77. Guam
  78. Guatemala
  79. Guernsey
  80. Guinea
  81. Guinea-Bissau
  82. Guyana
  83. Haiti
  84. Honduras
  85. Hong Kong
  86. Hungary
  87. Iceland
  88. India
  89. Indonesia
  90. Iran
  91. Iraq
  92. Ireland
  93. Isle of Man
  94. Israel
  95. Italy
  96. Jamaica
  97. Japan
  98. Jersey
  99. Jordan
  100. Kazakhstan
  101. Kenya
  102. Kuwait
  103. Kyrgyzstan
  104. Laos
  105. Latvia
  106. Lebanon
  107. Lesotho
  108. Liberia
  109. Libya
  110. Liechtenstein
  111. Lithuania
  112. Luxembourg
  113. Macau
  114. Macedonia
  115. Madagascar
  116. Malawi
  117. Malaysia
  118. Maldives
  119. Mali
  120. Malta
  121. Marshall Islands
  122. Martinique
  123. Mauritania
  124. Mauritius
  125. Mexico
  126. Micronesia
  127. Moldova
  128. Monaco
  129. Mongolia
  130. Montenegro
  131. Montserrat
  132. Morocco
  133. Mozambique
  134. Myanmar
  135. Namibia
  136. Nauru
  137. Nepal
  138. Netherlands
  139. Netherland Antilles
  140. New Caledonia
  141. New Zealand
  142. Nicaragua
  143. Niger
  144. Nigeria
  145. Norfolk Island
  146. North Korea
  147. Northern Mariana Islands
  148. Norway
  149. Oman
  150. Pakistan
  151. Palau
  152. Palestinian Territories
  153. Panama
  154. Paraguay
  155. Peru
  156. Philippines
  157. Poland
  158. Portugal
  159. Puerto Rico
  160. Qatar
  161. Reunion
  162. Romania
  163. Russian Federation
  164. Rwanda
  165. Saint Kitts and Nevis
  166. Saint Lucia
  167. Saint Martin
  168. Saint Pierre and Miquelon
  169. Saint Vincent and the Grenadines
  170. Samoa
  171. San Marino
  172. Saudi Arabia
  173. Senegal
  174. Serbia
  175. Seychelles
  176. Sierra Leone
  177. Singapore
  178. Slovakia
  179. Slovenia
  180. Somalia
  181. South Africa
  182. South Korea
  183. Spain
  184. Sri Lanka
  185. Sudan
  186. Suriname
  187. Swaziland
  188. Sweden
  189. Switzerland
  190. Syria
  191. Taiwan
  192. Tajikistan
  193. Tanzania
  194. Thailand
  195. Togo
  196. Tonga
  197. Trinidad and Tobago
  198. Tunisia
  199. Turkey
  200. Turkmenistan
  201. Turks and Caicos Islands
  202. Tuvalu
  203. Uganda
  204. Ukraine
  205. United Arab Emirates
  206. United Kingdom
  207. Uruguay
  208. Uzbekistan
  209. Vanuatu
  210. Vatican City
  211. Venezuela
  212. Vietnam
  213. British Virgin Islands
  214. Yemen
  215. Zambia
  216. Zimbabwe

IMPORTANT: CFDs are not available in the USA due to local regulation, and this regulated CFD broker does not accept US citizens or US residents as clients.

ETX Capital is available in the following languages:

Can I Trust ETX Capital?

Yes, ETX Capital offers a safe and regulated environment for trading CFD, binary options and spread betting. Learn more at ETX.com

ETX Capital is regulated by the Financial Conduct Authority (FCA), and the Markets in Financial Directive (MiFID) allows the company to operate as a regulated entity throughout the European Union.

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Financial Conduct Authority

The UK’s Financial Conduct Agency (FCA) regulates ETX Capital’s activities in the United Kingdom.

The FCA is widely respected as a leader in financial regulation. In addition, the United Kingdom scores highly in Transparency International’s rankings of countries based on their corruption perceptions index meaning the country is a pillar of anti-corruption. ETX Capital’s customers in the United Kingdom are protected by the UK based scheme Financial Services Compensation Scheme (FSCS), which was established to protect consumers when authorized financial services firms fail. FSCS pays compensation up to £50k to customers in the United Kingdom if ETX Capital is unable to pay.

Who Runs ETX Capital?

Three individuals within ETX Capital are responsible for directing different aspects of the trading business:

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ETX Capital Trading Products

ETX Capital offers both CFDs and spread betting on forex, indices, shares, commodities and bonds & interest rates. Learn more at ETX.com

1) Forex

ETX Capital offers markets in majors, daily rolling cryptocurrencies, minors, Scandinavians and emerging markets:

Majors

Daily Rolling Cryptocurrencies

Minors

Scandinavian

Emerging

2) Indices

ETX Capital offers markets on both cash indices and index futures.

Cash Indices

Index Futures

3) Shares

ETX Capital offers markets in shares from several countries as well as sector and country ETFs.

Stocks

ETFs

4) Commodities

ETX Capital offers CFDs and spread betting on futures markets in energy, metals, soft commodities and daily rolling commodities.

Energy Futures

  • Brent Crude Oil
  • Natural Gas
  • Nymex Oil Futures
  • Nymex Crude Oil Daily Future

Metal Futures

Soft Commodities

  • Corn
  • Cotton
  • London Cocoa
  • Lumber
  • Orange Juice
  • Robusta Coffee
  • Soybean
  • Soybean Oil
  • US Cocoa
  • US Coffee ‘C’
  • US Sugar (No. 11)
  • Wheat

Daily Rolling Commodity

5) Bonds and Interest Rates

ETX Capital offers CFD and spread betting on bond futures and short-term interest rates.

Bond Futures

  • 10 Yr UK Gilt
  • Euro Bobl
  • Euro-Bund
  • Euro Schatz
  • French Oat
  • Long-Term BTP
  • US T Bond
  • US 2 Year
  • US 10 Year

Short-Term Interest Rate

ETX Capital Account Types

ETX Capital offers three types of live trading accounts, which essentially equate to the different platforms the broker offers. Traders can also open a demo account for each type of account:

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ETX Capital Spreads and Fees

The underlying financial instrument and the type of account determine the ETX Capital spreads that traders pay.

ETX Capital obtains the data from reputable third-party sources, which obtain the data directly from exchange feeds. ETX Capital receives its compensation through the market bid/ask spread.

Other relevant fee information:

ETX Capital charges commissions to clients on CFD equity trades, but not on spread betting equity trades.

The broker does not charge deposit fees to clients.

ETX Capital will offer each client five withdrawals for any amount over £100 within each calendar month without a processing fee. However, clients who withdraw funds more than five times in this period will incur a charge of £10 for each successive withdrawal. Clients do not get charged retroactively for the previous five withdrawals. ETX charges £10 for withdrawals below £100. Clients will be charged only once if their withdrawal meets both of the above criteria.

Overnight Funding Fees

This overnight ETX Capital fee (or credit) is either added to or subtracted from a trader’s account when a position remains open past a certain period of time. Traders can obtain information on overnight funding rates on the ETX Capital website.

ETX Capital charges a monthly inactivity charge for a dormant account, when funds are available. The broker considers an account dormant or inactive if there has been no other trading activity for a continuous period of 365 days or more. The inactivity fees vary by currency:

If you decide to reactivate your account by trading again, ETX Capital will refund the inactivity charge for up to three previous months where it has already been deducted.

The spreads that ETX charges customers can be confusing. Spreads vary according to several different variables such as the platform the customer chooses and the time of day the customer trades. For some products, such as forex, MT4 customers pay lower minimum and average spreads than TraderPro customers. ETX Capital also breaks out the spreads traders pay by spread betting versus CFDs.

The following are the spreads traders pay for CFD trades on the TraderPro platform, but traders can consult the ETX Capital page for spread betting spreads and CFD spreads on the MT4 platform:

Forex Majors

Daily Rolling Cryptocurrencies

Forex Minors

Forex Scandinavian

Forex Emerging

Indices and Indices Futures

Spreads are variable in some cases and in other cases vary according to the time of day the trade is placed. You can consult the ETX Capital website for specific details.

Shares

Commodities

Spreads are variable or fixed depending on the time of day the trade is placed. You can find details at the Spreads and Specifications section of the ETX Capital website.

Bond Futures and Short Term Interest Rates

Spreads are .01 for all of these instruments.

Account Requirements

When you click on the black Create Account button on the ETX Capital website, the system asks you to pick your country of origin from a drop-down menu. Before you can trade with ETX Capital for the first time, you need to answer a few questions. You enter your name, email, country of origin and phone number. You also choose your trading platform – TraderPro, MT4 or Binary – and your currency (GBP, EUR or USD).

ETX Capital then asks you questions about your financial status and trading experience.

After completing this information, traders have to complete two more steps:

  1. Provide ETX Capital with information to verify account
  2. Fund their account with a deposit

To pass their identity verification, you will need to upload one document for proof of identity and one for proof of address. You can drag and drop these documents on to the application form or upload them through your mobile device.

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Traders can deposit and withdraw funds with ETX Capital using one of several different methods:

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The minimum amount required to make a deposit starts at £100 (or currency equivalent).

ETX Capital offers leverage of 100/1 for many products, with leverage as high as 400/1 available on some MT4 products.

Each CFD also has specific ETX Capital margin requirements that traders must maintain. ETX Capital advises that it uses tiered margining, which means that it applies different margin requirements at different levels of exposure. Traders can consult the trade ticket, when they place a trade, for details.

Traders who fall below the ETX Capital margin requirements risk receiving a margin call and having their position closed prematurely.

ETX Capital Withdrawal

(Note: Please see chart above for withdrawal times and methods.) Also, see below for a more detailed explanation:

ETX Capital will offer each client five withdrawals for any amount over £100 within each calendar month without a processing fee. However, clients who withdraw funds more than five times in this period will incur a charge of £10 for each successive withdrawal. Clients do not get charged retroactively for the previous five withdrawals. ETX charges £10 for withdrawals below £100. Clients will be charged only once if their withdrawal meets both of the above criteria.

ETX Capital Platform Review

ETX Capital offers traders two platforms for trading CFDs and for spread betting. The MT4 platform has a similar layout to other broker’s MT4 platforms, along with a few bells and whistles that are unique to ETX Capital.

The main screen has the familiar sections that other MT4 brokers provide. On the left, you will find the Market Watch panel with the list of trading instruments. Below the Market Watch panel is the Navigator section that gives you access to customized technical indicators, Expert Advisor tools and scripts for automated trading. In the middle and right you will find the Chart Window – the technical and charting section of the platform that opens with four charts. On the bottom of the screen, you will find the Terminal Window Panel, which contains a mailbox, an alert tab a journal tab and other features for tracking trading.

Market Watch Panel: This panel contains the live prices and symbols of popular instruments that ETX Capital offers for trading.

In addition to a tick chart, traders can pull up the depth of market for each instrument. This feature is particularly useful for traders looking to execute bigger trades in more illiquid securities.

Navigator: The navigator panel has a whole array of very advanced technical indicators that traders can overlay on to their charts. The menu of options is impressive and will appeal to technically oriented traders. ETX Capital offers dozens of standard and more advanced tools for tracking market sentiment, volumes, moving averages, stochastics and other technical indicators.

Chart Window: The four large panels in the middle of the screen comprise the charting section of the ETX Capital MT4 platform. The chart window opens with four charts, and traders can customize and configure each of these charts using the tools available through the Navigator panel (see above). Traders can also add additional charts and arrange them as they wish. This feature is great for traders that want to keep tabs on multiple instruments. You can also right-click on each chart and change the time frame of the charts, zoom in or zoom out or add additional technical indicators.

Overall, the charting features of the ETX Capital MT4 platform are excellent and would be really useful to any trader looking to follow technical indicators of multiple instruments at the same time.

Terminal Window Panel: The terminal window panel on the platform comes configured with a mailbox, a messaging tab, a journal tab and an alerts tab. These features complement the advanced charting tools.

The very advanced charting features of MT4 make it a deservedly popular platform, and the ETX Capital version of MT4 offers a huge array of tools. However, some of this functionality may be overwhelming to less technically oriented traders.

ETX Capital also offers TraderPro, which has customizable charts, advanced ticket features and an appealing design. TraderPro is intuitive and has many advanced features. Traders can click on a chart, and a ticket window pops up for trading.

The platform also allows you to build watchlists to monitor markets and a tool for calculating the value per pip of your trades.

In many ways, TraderPro rivals MT4 in functionality. Each platform has different spreads, and MT4 is better suited for traders looking to develop automated strategies, while TraderPro gives traders access to more markets and tighter spreads. If there is one weakness to both platforms it is the lack of robust news and analysis for fundamentally driven traders.

ETX Capital Demo Account

Traders can open demo accounts with ETX Capital for each of its three platforms – MT4, TraderPro and binary. Each account operates as a stand-alone from the live platform. It would be better if these were integrated into the live trading platform.

The demo account looks like the live accounts, and traders get the same functionality.

ETX Capital Education Resources

ETX Capital has an Education section on its website that offers several ways to learn about ETX Capital markets and trading. The broker offers seminars, live webinars and trader courses:

Seminars: Free seminars are taught by both their expert in-house team and an independent trader company.

Webinars: Free online webinars are both live and pre-recorded. ETX Capital offers a search engine on its site that allows traders to filter webinars by location, event type and language:

Trader Course: A comprehensive free training for ETX clients delivered by an independent company. This 8-hour program includes monthly follow-ups to discuss trading strategies.

ETX Capital Sign-Up Bonuses and Promotions

Due to the fact ETX’s head office is located in London, which is part of the European Union, it is governed by the Markets in Financial Instruments Derivative (MiFID). Implemented to create more transparency in markets and to offer more protection to traders, this prevents brokers from offering sign-up bonuses. This applies to any broker operating within the EU, so if you do come across a broker offering incentives for you to sign up, they’re either unregulated in an EU country or they’re not regulated at all and could be illegally operating.

Nevertheless, ETX Capital can offer a range of promotional offers to their existing clients. Traders who want additional information should contact their Account Relationship Manager.

Trusted Binary Options Brokers List

During the last few years, an increasing number of people are getting involved in binary options trading. Similarly, the number of binary options brokers has increased to cater for this growing interest. Currently, it is estimated that there are more than 450 brokers who are providing these services. The high number of brokers available is good for the industry because it necessitates competition and hard work to meet the various needs of traders.

Binary Options Brokers Reviews

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Before channeling your hard-earned money to open an account with any binary options broker, it’s crucial you understand how they operate and whether they are suitable to hold your cash. The choice of a broker can really be the difference between having a successful career or failing to realize your dreams.

Furthermore, we have categorized the various brokers based on their respective regions. This way, you can easily locate a good broker operating in your geographical location and open an account right away.

Top 5 Trusted Brokers 2020

The best binary options brokers in the industry have certain qualifying traits that set them apart from the rest. These brokers provide a perfect mix of diverse asset base, variety of trading accounts, convenient and secure deposit and withdrawal methods, a reasonable level of financial stability, high rate of profitability, command a high reputation in the industry, and most importantly, backed and operated by a strong and professional team.

There are many other brokers that are also considered to be in the list of the best binary options brokers due to the top-notch services and facilities they offer.

Regulation Turnover Minimum deposit Founded Bonus
CySEC up to 100% $100 2020 No Read review
CySEC, IFSC, CONSOB, BAFIN 90% $250 2020 No Read review
FCA 85% £100 2020 50% Read review
FCA 81% $250 2020 100% Read review
CySEC, FCA, BAFIN, CONSOB, AMF, Regafi 95% $10 2020 up to 50% Read review

Brokers Accepting US Traders

There are some very professional and reliable binary options brokers available online. However, not all of them offer trading for USA customers due to regulatory restrictions.

Here are some highly reputable brokerage companies offering online trading services to USA clients with some attractive benefits.

  • Instaforex offers up to 85% payout with a bonus of up to 100%
  • OptionRobot is the most popular binary options robot in the industry, that working with brokers who accept traders from the USA

Binary Options Brokers in Australia

We have also conducted a check regarding binary options brokers offering excellent trading services to Australian clients. Here is a list of some brokers licensed to operate in Australia:

  • PlusOption allows a minimum investment amount of USD 250. You can get up to 81% payout with the broker.
  • Finpari allows traders to open an account with initial deposit of USD 250 and offers up to 100% bonus. The broker’s payout is up to 85%.

Binary Options Brokers in Canada

Canada blocked 37 binary options brokers in March 2020, but there are still number of brokers providing binary options trading for canadian traders.

Here is a list of some of them:

  • Finpari
  • PlusOption
  • StoxMarket provides free demo account and bonus of up to 100%

Low Purchase Binary Options Brokers

Offering low purchase binary options is also an important feature that distinguishes some brokers from the others.

  • IQ Option allows traders to execute trades with just USD 1. The broker’s maximum single trade limit is USD 5,000, minimum deposit amount is USD 10, and maximum payout is up to 91%.
  • Ayrex allows a minimum trading amount of USD 1 and a maximum single trade limit of USD 5000. The minimum deposit amount is USD 10 and you can expect to make profits of up to 85%.
  • Binary allows traders to use as little as USD 1 for trading. The broker’s maximum single trade limit it USD 3000, minimum deposit amount is USD 10, and maximum payout is 85%.

Brokers Offering Free Demo Account

A free demo account means that trading is carried out with virtual money without involving any real money. This way, you can conveniently practice and gain the necessary familiarity with binary options trading risk-free.

Choose Trusted Binary Option Broker

Binary options trading is quite a sensitive industry and a lot of funds are normally at stake. Since the internet is littered with all sorts of binary options brokers, it is important that serious trading of binary options be done only with trusted and highly reputable brokers.

We surveyed various online forums and interviewed various active traders to find out some trusted binary brokers who deliver up to the promise. From the survey and the feedback we got from active traders, we can confidently affirm that some of the trusted brokers in the industry include Finpari, Opteck, Magnum Options, 24option, and IQ Option.

Tips for Choosing Binary Options Brokers

It is important to choose a binary options trading broker very carefully and with full knowledge and understanding of the outcomes of your decisions.

Here are some key tips you can use when choosing a broker for binary options trading.

  1. Trading Platform: It is very important to work with a broker who has the best trading platform. Most brokers have customized platforms but you must ascertain whether they are suited for trading binary options.
  2. Assets: The range and variety of assets a broker offers is critical. Different brokers offer different types of assets. Thus, you should choose a broker offering financial instruments that resonate well with your preferences and trading style.
  3. Minimum deposit: With a suitable initial deposit, you can conveniently test whether your preferred broker has what you were looking for.
  4. Localization: Choosing a broker operating within your locality could mean access to trading conditions that are aligned to your needs and preferences.
  5. Regulation: You should do a thorough background check to ascertain if your preferred broker is under an authentic regulatory body. Choosing an unregulated broker could land you in problems and deteriorate your career ambitions.
  6. Deposit / Withdrawal options: Traders are usually cautious about the procedures of deposit and withdrawal of money from the broker. It is important to check whether you are comfortable with the type of deposit and withdrawal options offered.
  7. Payout %: The payout percentage varies between different brokers. If you are planning to trade binary options, then it is important to check the level of payout percentage offered so that you are able to choose accordingly. There are brokers who offer payouts well above 85%.
  8. Bonus: Some brokers offer bonuses in monetary terms while others offer bonuses in percentage terms. You should check out what type of bonus a broker is offering before committing to start trading with that broker.
  9. Demo account: Practice is very important, as it will provide the familiarity and ease necessary before you commence trading. You should try out the free demo accounts provided by the binary options brokers so that you are able to choose the platform of your liking.
  10. Customer service: Go for a broker with a friendly, supportive, and outstanding customer service department.

It is important you spend the hours and search for a good binary options broker that will provide you with the best conditions for trading. Fortunately, we have done the legwork for you so that you can have an easy time selecting a top-notch broker.

With the above in-depth review, there are great chances that you will choose a superb binary options broker that will be ideally suited for you. And, it will serve as the cornerstone for establishing a successful career in the lucrative binary options market.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Perfect For Beginners and Middle-Leveled Traders!
    Free Education How To Trade!
    Free Demo Account!
    Big Sign-up Bonus!

  • Binomo
    Binomo

    Good Choice For Experienced Traders!

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