Shady Binary Option Brokers

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

What are binary options?

Binary options are a sort of exchange-traded contract used for getting income from the performance of assets (currencies, shares, goods) in the global financial markets. In making a deal, the purchaser of binary options forecasts the asset’s price change. This financial tool has a fixed price, contract expiration time. and paper profit margin known in advance.

Are binary options a fraud? A professional assessment

FraudBroker.com is an investigation center for shady transactions of binary brokers, along with Forex and CFD brokers, stock brokers, cryptocurrency exchanges, etc. Our team of experts – professional traders dealing with various brokers – is ready to provide our website guests with precise information about whether any given financial market broker is a scam artist or not.

Our customers ask: «Are binaries the real thing or a scam?», «Is Forex a scam?», «Is cryptocurrency a real thing or a scam?» – everyone is concerned about professional opinions. That is because in trading in various markets there are many fraudulent brokers whose sole mission is to get trader’s money and do their best to make him lose. They may tamper with price behavior charts, may leave a trader without a payout, may just disappear and go silent or tap into other contrivances just for one purpose: to play you. Our professionals are ready to assist you in finding reliable brokers.

The most reliable binary options brokers for March 2020

Broker Bonus Min Deposit Payout Review Open Account
Up to 100% deposit $10 Up to 90% Review Visit Broker
$10 Up to 91% * Review Visit Broker
10 USD Review Visit Broker
2 types of bonuses $100 Up to 90% Review Visit Broker
Up to 100% on deposit $5 Up to 100% Review Visit Broker

*Amount to be credited to the account for a successful trade.

«General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all of your funds. You should never invest money that you cannot afford to lose».

Our aim is to expose scam schemes and provide traders with reliable information on which they can based safe trading decisions. Please check our completed reviews to know if a broker works according to terms imposed by regulatory institutes. If you are not able to find information on our site, make a request to initiate a review scrutinizing the broker in which you are interested. Just fill out the application form. We will investigate the broker’s activities and send you the results by email. Due to a large number of requests to investigate the activities of brokers’ who show signs of cheating, we will provide you with an answer in the shortest time possible, likely a few weeks. We strongly recommend you send your request us as soon as possible to secure a place in the queue.

Binary options – is this a scam or not?

The idea that binary options mean cheating novice users comes from the fact that sometimes even the best brokers may be marked as not being utterly honest. Our goal is to provide complex reviews that are based on the real trading experience. Only then can we be sure that a particular broker is cheating. Binary options trading is one of the most rapidly growing financial industry sectors. That’s why the scammers are trying to get in on this market. We would like to help you to expose that kind of market participant and avoid possible harm. Our team of experienced binary options traders has worked professionally for over 5 years in the financial markets. We know how to spot the scammers.

Is Forex a scam?

Apart from investigation of the activities of binary brokers, we study companies that give traders a chance to earn income by investing in other financial markets. The currency market forex is for good reason among the best ways to get a decent income from trading currencies. It works 24 hours a day, is available for traders of any wealth, and, due to internet technologies, it’s easy to become a part of it just by going online from a home computer. Of course, apart from various advantages, it has also led to the emergence of a huge number of scam brokers. They seduce traders by promising them high earnings, unreal payout percentages, and lucrative bonuses, but instead disappear immediately after the funds are collected.

The mission of FraudBroker.com is to study the activities of market brokers providing trading services on Forex and to caution traders against problems they may face by catching scam artists. How do you identify a swindler and a cheat among many Forex brokers? Check brokers for possession of a license and work on their demo accounts carefully. Also have a look at the current rating of verified Forex brokers and read the references of traders about them right now on the specific webpage.

Is CFD a cheat and a scam?

CFD (contracts for difference) have been especially popular with traders recently as they allow traders to essentially make money on the difference of prices of various assets: raw materials, metals, currencies, etc. There is no purchase of assets here, no solution offered for the issue with title documents and so on. This aids interaction between trading parties, lets a trader earn both from assets appreciation and loss. Dealing with CFD is lucrative, quick, and easy.

Taking into account the high popularity of this market many brokers immediately started offering access to its capacities, which is not bad in general. However, today there are a lot of suspicious companies, too, with unique bonuses in their arsenal and guaranteed high income from investments in CFD from small traders’ efforts. How do you choose a reliable CFD broker and not lose your money? For our website users, we have prepared an urgent rating of CFD brokers, where they can not only read the detailed brokers reviews, but also study real traders’ feedback about them.

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!

Is cryptocurrency a scam or the real thing?

Cryptocurrency is popular and one of the most volatile assets of our time. It is among the most vital financial markets and lets you obtain income by purchasing and selling digital coins. This growing market resulted in the whole cryptocurrency boom, and we all are unintentional witnesses of its rapid development, have hot discussions on the latest news of digital assets dynamics, become tokens holders etc.

Such attention to cryptocurrency couldn’t help but generate a large number of scam lottery websites and fraud projects in the market, which were created just for one purpose – to take over traders’ cryptocurrencies and disappear. How «not to fall in their hands» and to keep and multiply your digital money are the topics the team at FraudBroker.com works on. You can read a lot of informative articles about cryptocurrency and digital assets trading strategies, along with detailed reviews of cryptocurrency exchanges and brokers allowing trading digital tokens.

Is the stock market a scam and a fraud?

The stock market is one of the oldest financial markets allowing any concerned user to make money investing in shares of the major companies and brands, and it is popular all around the world. For instance, a trader may easily become a holder of shares of Coca-Cola, McDonald’s, Apple, Adidas, Starbucks, Gasprom, Nornikel, etc. Shares have always been among the safest assets, and the chance to become a holder of assets of famous brands is appealing to solid investors. With the emergence of the huge market of internet technologies, the chance to get a decent profit from stock trading only increased, and ordinary people became concerned about them, too.

Obviously, there are not only fair stock brokers in this oldest market, but also websites promising naïve traders heaps of money when in reality they are fraudulent scams. How do you choose a reliable stock broker? On the project website FraudBroker.com you can not only study the up-to-date ratings of stock brokers but also read a huge number of reference materials about trading in the stock market.

Our team

John Reichard, 38, New York City, USA

Hello! I’m John Reichard. I will be glad to help you. Not many people could boast that their profession and hobby are the same thing. For more than 5 years, I have analyzed binary options brokers. I devote my time to trading and market research, and I’m ready to share my experience. My goal is to guard myself and other traders against thieves. I have opened accounts with different brokers to check their trading platforms and payout obligations, so everyone knows what firms are honest and which are just running their scam schemes and robbing the clients.

Floyd Lewis, 33, Toronto, Canada

For over 8 years I’ve specialized in binary options, robots, and signals. I have been a computer engineer and programmer. After my second daughter’s birth, I started working from home. I personally check the binary options robots and signals, different trading strategies and tactics. My aim is to verify whether programs are working properly or not, in order to determine winning strategies in these systems.

Kevin Murray, 29, London, England

I have a master’s degree in finance management and specialize in Forex trading and binary options. I’ve been the senior consultant with a project called FraudBroker.com since 2020 and have devoted most of my time to lead traders in the right direction. The latest articles on this site are mine. Now I’m a daytime trader with over 5 years’ experience in the binary options industry. People regularly contact me to ask my professional opinion on various things, including binary options scammers.

Recognize how to avoid scamming

Cheating is possible. First of all, you must ensure that your broker has a certificate issued by one of the regulatory institutes. Verify if there are any positive or negative remarks on the Internet. Pay attention to the conditions of the services that brokers provide, including trading conditions and bonus-receiving conditions.

You can ask your questions online using an online chat application or request a telephone call and ask your questions this way. Furthermore, you can request the broker’s verification and wait until we determine if there are signs of cheating and deceiving.

How to choose a decent binary options trade broker?

The choice of the right binary options trader is the first step to a successful trading career. Actually, it is really hard to choose an honest broker out of the more than 350 working firms on the market. That is why we at FraudBroker.com decided to intervene and help visitors on our site. We have ample knowledge about how to choose a binary options broker. Our site is a good place to do the first steps in binary options trading. If you are not utterly sure that your broker is reliable, we would advise you to choose a broker number 1 from the list above and start trading safely by having a broker whom the FraudBroker.com team members trust.

Dear guests, please give us your opinion about binary options and answer a few sociological poll questions:

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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.

Binary Options Brokers

We have done the research for you, and tested the most popular binary options brokers.

If you are looking for the best binary options brokers, then check out the list below.

Is Binary Options Available in my Country?

Unfortunately, binary options was been banned in some countries. See the table below to find out if it’s still available in your country. If binary options trading is not available, then we will show you which is the best alternative.

Country Binary Options Available? Broker Info Best Broker
NO Trade stocks, indices, currencies. eToro (visit site)
YES Regulated US Binary Broker Nadex (visit site)
YES Regulated AU Binary Broker HighLow (visit site)
NO Trade stocks, indices, currencies. n/a
Mostly YES Binary Broker for non-EU/US/AU/CA traders IQ Option (visit site)

There are some brokers claiming that they accept all countries. Those are probably scams.

Top Rated Binary Options Brokers

It is very important that you sign up with a trusted binary options broker.

Our visitors asked us: “Which is the best binary options broker?

On this page we will answer that for you (this guide was updated on April, 2020). Keep in mind that this list changes all the time and we update it frequently. The top list contains the most important information about each broker, but you also have the option to read our in-depth reviews as well.

Here is a list with the top rated brokers for binary options trading:

Rank Broker Min. Deposit Max Returns* Features Trade**
$10 92% + FREE DEMO TRADE NOWREAD REVIEW
$50 200% + $50 Cashback TRADE NOWREAD REVIEW

* Credited in case of successful trade
** RISK WARNING: Capital might be at risk

The list above is only available for non-US traders. If you are from the US, then please visit our US Binary Options Brokers page.

All brokers in this list are safe, secure, legitimate and reputable sites. These are the best binary options brokers, in our opinion.

For new traders, it’s not easy to find the best binary options broker. There are hundreds to binary options brokers on the internet (and more and more are opened every day).

Best Binary Options Brokers

The following brokers are from non-EU and non US traders only:

HighLow is one of the safest brokers. They have an Australian ASIC license which is really hard to get. In fact there are only 2 brokers that have this license. HighLow has payouts up to 200% and great deposit bonuses. Visit HighLow

24Option unfortunately stopped accepting binary option traders. They are regulated by Cysec and they are the safest broker at the moment. Their headquarter is in Cyprus however they also have offices in London,UK. Visit 24Option

Best US Binary Options Brokers

The only US brand we really recommend is Nadex. They are the only regulated brand in the US.

US traders have a hard time picking a good binary options broker. For this reason we have created a special page with all US binary options brokers. There are only a few brokers that accept US investors, however there are still a few ones. See here:

Nadex is currently the only US broker that we recommend. They are regulated in the US and part of the IG brand.Visit Nadex

US Brokers That We Don’t Recommend

We’ve seen mixed reviews about these brands. We have not seen proof that these brokers are scam, but we cannot recommend them either.

Finrally has been the #1 US broker for a long time. They offer an incredible 90% payout, which is one of the highest in the industry. Unfortunately they have recently stopped accepting paypal deposits, however there are still many other payment methods accepted. Finrally accepts traders from all around the world and is one of the top binary options brokers. Visit Finrally

BinaryMate accepts US traders as well and their payout is ever higher: 95%. BinaryMate has the best live chat support from all brokers. In fact all traders are greeted by a nice person via live chat upon accessing the homepage. Visit BinaryMate

How To Pick A Binary Options Broker?

I’ve been trading binary options for quite some time. In my opinion this is what you should be looking for, when searching for a broker:

  • Safety: this is probably the most important factor when choosing a binary options broker. We’ve had enough of the scam brokers who make false promises. We are all looking for the safest and most secure trading platforms.
  • Banking: some brokers make it so hard to deposit or withdraw money. They either don’t accept your preferred payment method, or don’t send you the withdrawal on time. Simple and secure banking options are really important.
  • Reviews: when doing research, not only do we try out some of these brokers, but we also read the reviews of other traders and sites. We combine all these reviews to create and up-to-date unbiased review for our visitors. This can you will find the best information on one page instead of checking tens of other sites and forums.
  • Licenses and Regulations: when looking for the best binary options broker, we also look at their licenses and regulations. A regulated broker is always safer then an unregulated one, even though there are pretty good unregulated brokers as well. If you are from the US, you will want to choose a CFTC regulated exchange.
  • Platform: Traders need an easy to use trading platform that is simple and intuitive, with many functions.
  • Customer Support: When you have a question, the customer support is always there for you. However it’s important that you get an answer soon, and don’t have to wait for it for days. Live chat is a great method to contact the support team, but not all broker offer this feature.

Real Money Binary Options Brokers

You have already made the very first step to becoming a successful investor. You did your research and now you know, which broker is best for you. When choosing the best broker, you should also check out the deposit bonuses they offer.

All brokers offer some kind of depositor bonus: 30% first deposit bonus, 100% bonus, Risk Free Trades or trading signals. You should pick wisely and always read the terms and conditions before accepting any bonus from the brokers.

Some the brokers mentioned above were rated the top minimum deposit binary options brokers.

What Our Readers Asked

Yes. You can really make money with binary options. All you have to do is to register with a safe broker and have a winning strategy.

This depends on your country. In most countries, binary options trading is legal.

Binary options trading is only safe with a licensed and legit broker. However, all investment types are risky.

Binary Options Broker Reputation

One of the most important factors is the broker reputation. You want to trade on a platform that has a positive reputation. The best binary options brokers have a good reputation, while others have a really bad reputation and are even considered scam.

You need a broker that is safe and trustworthy. Never deposit money on a broker that has been in business for a short time. Always pick the brokers that have a clean business history.

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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