Top 10 US Binary Option Brokers – Best American 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

Top 10 US Binary Option Brokers – Best American option Brokers

Looking for binary options brokers that serve US customers? You may already have discovered that many brokers refuse to accept customers from the USA. This may lead you to believe that binary options trading is illegal in the US, but this is not correct exactly. It is perfectly legal to trade binary options in the USA. Most binary options brokers are located offshore. Why do so many of them steer clear of dealing with customers in the USA?

2020 Best Of List – Top Binary Options Brokers Accepting USA Customers

REVIEW MIN DEPOSIT AVG RETURNS VISIT BROKER
$250 100% VISIT SITE
$10 80% VISIT SITE
$50 160% – 180% VISIT SITE
$250 95% VISIT SITE
$250 80% – 90% VISIT SITE

NADEX – The North American Derivatives Exchange. One of the only U.S.A. based CFTC regulated exchanges.

U.S.A – Consider BinaryMate.com – surprisingly quality SpotOption broker to investigate. They have live webcam account managers to assist you with trades. HQ in Scotland.

SpotOption leaves USA market effective 9/14/15. Down goes Spot option brands Cherry Trade, PorterFinance and Goptions. *Update CherryTrade back accepting USA clients.

Brokers bounce back with new platforms and able to accept US including PorterFinance.

Fact: There are numerous binary options brokers online who accept customers in the USA. Sadly, a lot of them are pretty dodgy. Let’s be honest, many of them are down right con artists. They look for unwary USA clients who do not do their own research on where the best binary trading sites are (unlike you, since you are here). Thankfully, there is a growing selection of quality binary options trading websites that take US customers. Also fortunate, many of the best binary options brokers we have discovered do accept customers from the USA.

Fact: Brokers that accept US customers today may not tomorrow. – Regulations, laws and acceptable levels of risk for these brokers constantly change. June 2nd, 2020 BossCapital, Magnum Options and Redwood options exit the US market. Years ago, back in 2020, BancDeBinary left the US market, followed by 24option and TradeRush.

Binary Options Brokers That Accept USA Traders – Choose Where To Trade From Our Best Of List above

The next thing many traders ask themselves is if they are doing any illegal trading binary options online. While we are not lawyers and this is not legal advice of any kind, you are not breaking any laws by trading binary options online unless there is something specific based on where you live. With that broad generalization out of the way, lets take a look at a few of the USA regulatory and licensing authorities at the Federal level.

Officially Regulated Binary Options Websites in the USA – Legality – Licenses – Regulations

NYSE, NADEX, CBOE And Other Legal Regulated Trading Exchanges

First off, before we start talking about offshore brokers, let us clear up the matter of whether trading binary options in the US is legal at all. Not only is it legal, but there are actually several officially regulated binary options sites which are operated by exchanges located in the USA. These companies are regulated by the CFTC. These legally regulated websites include the American Stock Exchange (Amex), the North American Derivatives Exchange (Nadex), and the Chicago Board Options Exchange (CBOE). So that right there clears up the muddy question of whether trading binary options is legal in the USA at all. It is.

The CFTC

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!

If you are getting into trading, one government agency you should know about is the US Commodity Futures Trading Commission, or CFTC. The CFTC works closely with the National Futures Association (NFA) to regulate trading activities. At this point in time however you are not going to find any offshore brokers who are regulated with the CFTC. There are brokers who are working on becoming regulated with the CFTC, but right now regulations are simply not all that clearly defined, and since the groundwork is still being laid, most offshore brokers are not regulated in the US or any other country as binary options brokers.

That said, some offshore brokers are regulated in their respective countries (most brokers are regulated by a country somewhere in the EU). But generally under laws which govern other types of financial entities, such as casinos or private banks. This provides a level of protection, even though it is not specific to trading activities. If an offshore broker claims it is regulated with the CFTC, you should be very suspicious. In time, some of these claims may be factual, but right now, they are not.

You can search for any business in the directory on the CFTC website and confirm for yourself whether or not that business is regulated by the CFTC. Brokers that dodge questions about regulations usually are not regulated at all. There is really no reason not to be up-front about it, since it does not by itself indicate a lack of good faith. So if a broker refuses to answer your questions about regulation, you should probably avoid them, since they may be feeling guilty about the way they’ve been treating their customers. If a broker admits to you upfront that they are not regulated, that actually indicates more trustworthiness since it is honest and forthright.

Why Do Regulated Offshore Binary Brokers Avoid USA Customers?

As time progresses in the young years of the binary options market, the CySEC regulated brokers (an EU country) are no longer allowed to accept USA clients. I’m talking specifically about sites like Banc De Binary, which left the US market in January of 2020 and sites like 24option who also no longer take US traffic.

They (BancDeBinary) were subsequently sued in June of the same year by the CFTC for soliciting US clients. Other long time stalwart broker, 24option.com stopped accepting US traffic in June of 2020. Then not too much later one of our long time favorites also left, TradeRush.

Why do so many brokers refuse to offer their services to customers trading in the USA if trading binary options is legal for USA traders? The reason has to do with a specific CFTC statement concerning commodity options. The wording is a bit confusing, and some brokers just prefer to steer clear so they do not make a mistake and upset the CFTC:

“It is against the law to solicit U.S. persons to buy and sell commodity options, even if
they are called ‘prediction’ contracts, unless they are listed for trading and traded on a
CFTC-registered exchange or unless legally exempt.”

What can you gather from this? Basically, a company (offshore or otherwise) must either be registered with the CFTC or that company may not allow you to trade commodity options—in other words, currencies and commodities. This is why you will notice that the majority of offshore brokers which do accept USA customers will only allow you to trade stocks and indices (think StockPair.com).

TradeRush and a few other brokers are are the few that we are currently recommending on our site who do not accept USA customers. These companies are already talking with the CFTC about registration, however, and once those talks conclude, there is a good chance we will be able to add them to this list as well. The brokers listed above have proved themselves to be reliable, transparent, and trustworthy. If you begin your search with the brokers we have listed at BestBinaryOptionsBrokers.net, you will be able to avoid the scams and enjoy great features and service from an offshore broker. You can learn more about these brokers by reading our quick brokers review page.

Enjoy binary options trading in the USA!

BestBinaryOptionsBrokers.net “Top 10 Binary Options Brokers USA 2020”

*The above brokers accept traders from all states in the US, except OptionFair and TradeRush. Learn more about them in our binary option reviews

The best binary options brokers of the second half of 2020 (rating and top 10 of the best binary trading brokers in 2020)

Content

The best binary options brokers of 2020: rating (top 10 of the best brokers)

Minimal

deposit

Minimal

investment

The best binary options broker of 2020 – INTRADE BAR

The official website of the best binary options broker of the second half of 2020 INTRADE BAR: https://intrade.bar

The best broker of binary options of 2020 became the broker INTRADE BAR. Binary options broker INTRADE BAR has a great potential and, apparently, traders have understood that. This is a very expected result, especially if you know the advantages of this binary options broker.

There are advantages of the best binary options broker of 2020 INTRADE BAR:

  • There are very quick payments of earned funds – it takes from 2 to 10 minutes after filing an application during the work hours of the finance department
  • The payments of any amounts are available
  • Verification is not necessary at all – you don’t need to provide any documents to get your earned money
  • There are no cases of blocking trader’s accounts
  • There is a very good feedback from binary options traders
  • There is a demo account
  • There is an ability to have an account in two currencies at once – rubles and US dollars
  • There are a huge number of technical analysis indicators
  • There are transparent quotes that you can check at any moment
  • The minimum deposit amount is $ 10
  • The minimum amount of transaction investment is $ 1

The best binary options broker of 2020 – Binomo

The website of the best binary options broker of the second half of 2020 Binomo: http://binomo.com

Binary options broker Binomo is the best binary options broker of the last two years. This is the first time in a long time that broker Binomo ceded superiority to another broker. On the other hand, the binary options broker Binomo still remains the favorite broker to many traders.

The advantages of the binary options broker Binomo include the following:

  • There are stable payments to all traders that earned money
  • You don’t need a verification to withdraw small amounts
  • There is a very convenient and functional trading platform
  • There is a mobile trading platform
  • The minimum deposit is $ 10 (sometimes it is possible to replenish a trading account with $ 5)
  • The minimum amount of transaction investment is $ 1
  • There is a very good supplier of quotes
  • There is a high reliability of broker
  • There is a good feedback from traders
  • You can open an account in rubles or in US dollars
  • There is a demo account

The best binary options broker of 2020 – Pocket Option

The website of the best binary options broker of the second half of 2020 Pocket Option: https://pocketoption.com

Binary options broker Pocket Option does not cease to please us – there are constant updates and improvements of the trading platform, various promotions and interesting offers for traders. No wonder, that broker is in the top of our rating.

The advantages of the binary options broker Pocket Option are following:

  • There is a very convenient trading platform
  • The function of copying transactions of other traders is available (Social Trading)
  • The minimum deposit is $ 50 (there are promotions when the minimum amount of the deposit is reduced to $ 10)
  • The minimum amount of transaction investment is $ 1
  • There are a huge number of different bonuses for active traders
  • There are a huge number of promo codes and bonus codes to replenish the trading balance
  • It is possible to get $ 50 as no deposit bonus
  • Bonuses do not interfere with the withdrawal of funds (they are burned if the bonus has not been worked out)
  • There is a demo account

The best binary options broker of 2020 – Binary

The website of the best binary options broker of the second half of 2020 Binary: http://binary.com

Binary options broker Binary is a broker that has appeared in the last century. During all this time, a good opinion has been formed about broker Binary and it is a favorite broker of many traders. Recently, the broker introduced a new trading platform that is currently in beta testing, but we can already say that platform is on the same level of quality as the best trading platform of binary options brokers.

The advantages of the binary options broker Binary are following:

  • It has its own trading platform
  • The minimum deposit is $ 5
  • The minimum amount of transaction investment is $ 1
  • There are several types of options
  • There are many trading assets
  • There are stable payments
  • There is a demo account

The best binary options broker of 2020 – Binarium

The website of the best binary options broker of the second half of 2020 Binarium: https://binarium.com

Binarium is a very interesting binary options broker that finally got in the top 5 of the best binary options brokers in 2020. The broker has its own trading platform that many traders like. Of course, the broker also has some disadvantages. One of them is that Binarium prefers long-term forecasts and is ready to pay a higher amount for them than for forecasts for turbo options.

The advantages of the binary options broker Binarium are following:

  • It has its own trading platform
  • The minimum deposit is $ 10
  • The minimum amount of transaction investment is $ 1
  • There are trading signals
  • It is possible to receive signals from experienced broker traders (trading room)
  • There are bonuses for account replenishment that don’t block withdrawals
  • Broker is suitable for beginners
  • There are a huge number of technical analysis indicators
  • There are many trading assets
  • There is a demo account

The best binary options broker of 2020 – IQ Option

The website of the best binary options broker of the second half of 2020 IQ Option: https://iqoption.com

IQ Option is a European binary options broker that constantly occupies high positions in our ratings. The reason of such success is that broker has the best trading platform at the moment, and also in its high reliability.

The advantages of the binary options broker IQ Option are following:

  • There is the best trading platform at the moment
  • There are a huge amount of trading options (including CFD and Forex)
  • The minimum deposit is $ 10
  • The minimum amount of transaction investment is $ 1
  • There are tools that allow you to get multiple profit for the correct forecast
  • There is a very good supplier of quotes
  • There is a demo account
  • There is an opportunity to trade on cryptocurrency
  • There are a huge number of technical analysis indicators
  • There is the best mobile trading platform

The best binary options broker of 2020 – Alpari

The advantages of the binary options broker Alpari are following:

  • It has its own trading platform
  • There are several types of options
  • It is a reliable and leading Forex broker
  • The minimum deposit is $ 10
  • The minimum amount of transaction investment is $ 1
  • There are many trading assets
  • There is a very good supplier of quotes

The best binary options broker of 2020 – FiNMAX

The website of the best binary options broker of the second half of 2020 FiNMAX: https://finmaxbo.com

Binary options broker FiNMAX is a broker that adheres to its rules and views on brokerage activities. On the one hand, it is an outdated trading platform that should be changed, on the other hand, there are reliability, stable payments and the absence of various problems.

The advantages of the binary options broker FiNMAX are following:

  • It has its own trading platform
  • There are stable payments
  • The minimum deposit is $ 10
  • The minimum amount of transaction investment is $ 1
  • There are many trading assets
  • There is a demo account
  • There is a big choice of expiration time

The best binary options broker of 2020 – WForex (World Forex)

The website of the best binary options broker of the second half of 2020 WForex (World Forex): https://wforex.com

WForex (World Forex) is another Forex broker that allows you to trade binary options. But, unlike the previous Forex broker, WForex allows you to trade binary options directly from the MT4 terminal (Meta Trader 4).

The advantages of the binary options broker WForex (World Forex) are following:

  • It has its own trading platform
  • It allows to trade binary options directly from the MT4 terminal (Meta Trader 4)
  • There is no need to look for a third-party schedule for analysis
  • There is a good feedback of traders
  • There are stable payments of any amounts
  • There are a huge number of trading assets
  • It is possible to postpone transactions
  • It is possible to switch between Forex and binary options within one trading account
  • There is a demo account
  • There are bonuses to replenish the trading account

The best binary options broker of 2020 – Expert Option

The website of the best binary options broker of the second half of 2020 Expert Option: https://expertoption.com

Expert Option is a rather old binary options broker that is very popular in Asia and Europe. You can’t call it the best one, but there are traders who prefer to trade exclusively with this binary options broker.

The advantages of the binary options broker Expert Option are following:

  • It has its own trading platform
  • The minimum deposit is $ 10
  • The minimum amount of transaction investment is $ 1
  • There are many trading assets
  • There is a social trading
  • It is possible to conduct technical analysis of the schedule directly in the broker’s trading platform
  • There is a demo account

List of the 11 Best Binary Options Brokers – Review 2020

The choice of a good Broker is undeniably one of the hardest steps to successfully trade as a beginner. My Binary Options Broker list and comparison can be very helpful here because the selection of brokers on the internet is quite large and therefore the chance to find a good broker. Find your suitable broker in a few moments in this honest review.

The best binary options brokers of the second half of 2020
# Broker Broker review Site
1 10$ 1$ Broker review Official site
2 10$ 1$ Broker review Official site
3 50$ 1$ Broker review Official site
4 10$ 1$ Broker review Official site
5 9$ 1$ Broker review Official site
6 10$ 1$ Broker review Official site
7 50$ 5$ Broker review Official site
8 10$ 1$ Broker review Official site
9 10$ 1$ Broker review Official site
10

Best Platform
Highest Yield 100%+
Best Support

Broker: Review: Regulation: Min. Deposit: Yield: Advantages: Open Account:
1. IQ Option (5 / 5)
Read Review
CySEC (EU) 10$ up to 100%+
2. Olymp Trade (4.8 / 5)
Read Review IFC 10$ 92%+

Huge range of assets
High Yield 92%
Bonus Program 3. Expert Option (4.8 / 5)
Read Review VFSC, FMRRC 50$ 90%+

Good Platform
Account Types
Good Education 4. Binary.com (4.8 / 5)
Read Review MGA, FSC, VFSC 5$ up to 100%+

Highest yield
Clear platforms
Automatic trading 5. Binomo (4.7 / 5)
Read Review IFC 10$ 87%+

Clear Platform
High Yield 87%
VIP Program 6. Finmax (4.6 / 5)
Read Review FMRRC 250$ 70 – 90%

Account Types
Bonus Program
Webinars, Coachings 7. BinaryCent (4.3 / 5)
Read Review ✘ 250$ 80 – 95%+

Support 24/7
High Yield 95%
Trade with cents 8. Binarium (4.1 / 5)
Read Review ✘ 10$ 70 – 85%+

Clear Platform
Fast execution
Huge range of assets 9. Pocket Option (4 / 5)
Read Review FMRRC 50$ 80 – 90%+

Innovative Platform
Awards
Bonus Program 10. RaceOption (4 / 5)
Read Review ✘ 250$ 70 – 90%

Support 24/7
FX/CFD/Binary
Bonus Program 11. Ayrex (4 / 5)
Read Review ✘ 5$ 70 – 85%

Good Platform
Contests
Bonus Program

Binary Options is a financial instrument to trade worldwide assets with the possibility of a high return on investment. It is like betting on rising or falling markets. There are only 2 options, that is why it is called “binary”. You can win a high return of 75 – 95% in a selected time horizon or you lose the amount of your investment. It is so popular because it is a way to trade the markets very fast (5 minutes or less) and easy. I have to mention here you can trade it longterm too.

For more information about the financial product and how it works read the article: “How are Binary Options are working?”

The criteria of the Binary Option Broker Review 2020

If you looking for a good broker, you should following the next steps when you check the company. Sometimes traders get scammed by a bad and criminal broker. With this review and comparison, we try to prevent it. Furthermore, Binary Options are very risky. You only should invest money, which you can afford to lose. You can check the following criteria for finding the best company.

Criteria for a good and reliable Binary Options Broker:

  • The official physical address of the broker
  • Regulation or license
  • Free Demo Account
  • Experience in the markets
  • Good support and service
  • High asset profit and fast execution
  • User-friendly trading platform
  • A platform for mobile trading

Reliability of a broker and safety for traders

It is important to look at how long the broker has been on the market. I easy checked it on the homepage from the financial companies. A good broker provides you with all the information which you want to know. Some companies got an international regulation or license. Also, this is good for reliability. In addition to that, I checked the address of the brokers in this review. As a trader, you want to see clearly an official address of the company. At latest a trader should trust a broker. If you are not sure, just invest a less amount of money first and check the platform by yourself.

Official regulation and license are very important

High payout and asset return of investment for Binary Options

One of the most important point to consider is the asset profit. The average of the payout in this review is 75-95% for each Binary Options trade. There are differences between the brokers. Every trader wants to make a high profit in trading. If one broker got less asset profit like – 5%, this can be a huge restriction to you possible profits.

Moreover, every time the payout depends on the traded asset. Normally the broker provides the highest payout on the most traded asset. In addition, the payout can dependent on the expiration time too.

Which broker provides the highest profit?

Free and unlimited Demo Accounts are necessary for every trader

The broker should provide you with a free demo account. This is an account with virtual money. It is made to practice the financial product and to test the trading platform. You can trade Binary Options without any risk with this virtual money. It is completely free to use. Also, traders can develop new strategies or improve their trading skills. Advanced traders or beginners try to trade new assets for the best success with this account.

Open your free demo account now.

On the other hand, sometimes the broker gives its traders trading tips for analysis or strategies. The demo account is perfect for practicing that new knowledge. Trading is very complex and often it is not easy to find the right way. This is the main reason for using a demo account. Most traders gain experience first before they invest real money. With own experience, it is possible to get a high profit with trading in the right direction.

How to open your real account

The opening of a real account should be as easy as the opening of a demo account. In most cases, it is very easy and fast. The broker requires some additional documents and data of the trader to proof their personality. Upload a picture/copy of your passport. Sometimes they require a utility bill. The broker will check the documents and verify your account in less than 24 hours. Important information: The broker only withdraws full verified accounts. (Not every broker requires this documents)

What do you need:

  • Data: Full name, address, birthday, phone number
  • Picture/copy of your passport
  • Sometimes picture/copy of a utility bill

Review of the Binary Options Brokers support and Service for traders

As a trader, you need good support and service. Most brokers are showing experience and knowledge in Binary Options. The Binary Options Brokers in this review give you the best and fastest support. According to that, they give traders sometimes a good education with webinars, videos or strategies. For beginners, it is important to learn theoretically about Binary Options. It is a risky financial product.

You can learn the basics and advanced trading knowledge in webinars with experts. The most brokers first show you the basics like functions of candlesticks and the use of technical indicators. Usually, a trading platform offers more than 30 different indicators. Sometimes it is hard to find a good working strategy with them. In addition, they give you some advanced knowledge and information to rule the markets. Most brokers offer you a better education if your deposit is higher (see account types).

Another option of service is account types. For big traders with high deposits and high trading volume, some brokers offer different account types. As a trader, you can get great advantages. They offer you higher yields, better support, bonus or a cashback program. This is a way to get more profit in trading. For example, the broker offers you a higher asset profit of 5%. That can be very helpful.

The companies in this review offer you:

  • Chat support
  • Telephone support
  • Email support
  • Education centers
  • Webinars, videos, strategies
  • Account types
  • Account managers

Diversity of assets and test of the Binary Options trading platform

I tested the trading platforms of the Binary Options Broker Review. In conclusion, they are very good and innovative. They give you a very good reaction rate which is important for short-term trading. You can use them for your computer or as an app for your mobile phone. In addition to that, they are very flexible and customizable. Use different indicators for the best strategies. As you see in the picture below I am using Bollinger Bands and the RSI. They are very popular.

First of all the trading dashboard is the most important point of the trading platform. You should be able to switch very fast between different expiry times and create new trades. Some strategies are designed to have multiple trades open at the same time. The brokers in my review provide you the fastest execution time. Secondly social trading very popular. In some trading platforms, you can copy the best traders of the broker and make an automatic profit. They show you transparently what they are trading and you can start copying them.

Another important point is the flexibility of the platform. An app should be available for mobile trading. On most platforms, you can customize the chart very easy. Thanks to the digitization, platforms are getting better and the brokers always try to improve them. Use free indicators and technical tools for your analysis. Moreover, you can use the newsfeed to trade exactly high volatility. Market news occurs every day – Why not use them to make money?

Facts of the Broker Review:

  • Fast execution for your trades
  • Customizable
  • Use indicators and more
  • Apps for mobile phone
  • More than 50 different assets

On the most trading platforms, you can trade Binary Options with forex, stocks, cryptos, and commodities. There is a big diversity of assets for you. The yields depend on the category of the asset. More often than not the most traded asset gives you the highest yield. You can easily see that on the platform.

Weekend Trading (OTC) and Cryptocurrencies (Bitcoin and more)

Each broker in this list provides the service to trade on the weekend. The platforms are open 24/7. Weekend trading is allowed and advocated. On the weekend you can trade Cryptocurrencies like Bitcoin, Ethereum, Ripple and Forex OTC charts. Cryptocurrencies are traded decentralized and the stock market is open 24/7 for them.

Especially attention should be paid to the OTC Forex charts. Normally the stock exchanges are closed on the weekend but the international internal bank market is working. The volatility is much less than in the normal working days Monday – Friday.

The first steps for your Binary Options success:

  1. Learn the Binary Options basics. Information for trading Binary is available at the broker platform or the internet. For questions, there are certain forums available.
  2. Develop a successful strategy. Most brokers will help you to find a way to trade successfully.
  3. Use the Demo account. It is an account with virtual money. So you trade without risk the markets.

You should ask yourself these questions:

  • What do I want to achieve with the trading of Binary Options?
  • How much I want to invest?
  • Where, on which market I want to trade?
  • How do I react to losses?
  • What are the chances of winning?

Deposit and withdrawal by a Binary Options Broker

Nowadays the deposit is easy like the withdrawal. Most brokers only need a small amount of money to open your real account and give you access to the market. Capitalize your account in few seconds with a credit card, bank wire, cryptocurrencies or other e-wallets. Today it is very simple. The withdrawal systems are working very good too. Sometimes it is fully automatic. Most companies payout in less than 24 hours. In addition in a lot of cases, there are not any fees for you. Another important fact is brokers only withdrawal verified accounts. So get your account full verified with the right documents as mentioned before.

Bonus Programs and conditions for traders

Bonuses are very popular in the section of Binary Options Brokers. Most companies offer a deposit or a no-deposit bonus. There are a huge diversity of promotions for traders. Mostly the bonus depends on the deposit amount or you can choose it manually. For example, some brokers offer a bonus of more than 200%.

It is a good way to top up your trading account balance and earn more money. You can trade with more risk and grow faster your account, but you should not forget the bonus conditions. Every time there are requirements for the bonus. For example, you do a deposit of 5000$ to your broker and trade with sensible money management of 1% of the account balance per trade. That means you invest 50$. Now you activate a bonus of 100% and additionally you get extra 5000$ and your account balance is 10.000$ now. At the moment you can trade with sensible money management with an amount of 100$ per trade. That sounds good and you grow your account faster as without bonus.

The deposit bonus is a good way to increase your account balance and to trader with more risk.

As mentioned before there are conditions of the bonus. Simply there is the requirement of turnover of the bonus amount. Sometimes you have to do a turnover of x20 and sometimes you have to do a turnover x50. It is important to read the bonus requirements. If you got any questions, you can ask the support. In most cases, you will see the requirements transparent on the platform.

  • Deposit bonus: Get additional money to your account balance.
  • No deposit bonus: You will get a small amount of money for free, but you have to do a huge turnover before you can payout the profit.

Welcome Bonus for beginners

The no deposit bonus is named welcome bonus. There are different ways to get a welcome bonus. One way is to win a free demo contest (read more below) without any risk. You compete to other traders on the platform. The rules are easy to understand: Just try to get the highest account balance versus your competitors. If you win, the broker pays a high prize. It is like a welcome bonus because you do not invest real money.

On the other hand, as mentioned before the no deposit bonus is like a welcome bonus. There are a few brokers who offer this bonus. Just create your real account and activate the welcome bonus. The company gifts you any amount of money to your account balance but you can not withdraw the money. You have to do a high turnover of the welcome bonus like 30x or 40x. Recommend broker for a welcome bonus is Pocket Option.

Binary Options Tournaments

In addition, most brokers offer tournaments or demo contests for beginners and advanced traders. You must pay a fee to participate in a contest with a huge prize fund. The rules are very simple: You get a separated demo account where you have to get the biggest balance as possible. You will compete against other traders of the broker. Sometimes there is a prize fund of 100.000$ or more. Furthermore, it is not easy to win the contest because there are a lot of competitors.

The demo contest is a tournament without participation fee. That meant that the prize fund is much smaller than the paid tournaments. But it is a good way to earn money with a small amount of money (participation fee). If you are a successful trader, you can easily win these contests.

Countries for traders

Binary Options are not allowed in every country of the world. In addition, some countries forbid trades to use foreign brokers. Most brokers accept international traders, but there are restrictions for forbidden countries. You can not generalize it because the broker decides which customer he accepts.

Nowadays Binary Options become more and more popular for traders. It is a simple and efficient financial product. It is possible to generate a high payout in a short time horizon. Asian and Africa are growing very fast and people like the function of trading. The brokers in this review try to improve their service in this region of the world because the demand is very high. They improve their customer support with different languages and other services.

The fastest growing countries:

Are Binary Options legal?

Sometimes there are some restrictions to this financial product that depends on a particular country. Personally, I only know one area where Binary Options are forbidden. It is the European Union but some offshore and international brokers accept EU traders. It is like gambling on rising or falling markets and easy to understand. The EU tries to protect its citizens because there are a lot of scam brokers. To prevent a scam, use the best brokers of this review.

Find the best Binary Options Broker 2020 – Conclusion of my review

On this site, I showed you the idea of finding a reliable Binary Options Broker. In the list, you see the best companies in 2020. For successful trading a good broker is necessary. The company should allow you your own strategy of trading and give you good support and service. On most platforms, you can learn via education videos how Binary Options are working.

Also important is the execution of your trades. It should be very fast and with no delay. Usually, every broker does that. Nowadays as a trader, you can start with a small amount of money to trade Binary Options (10$ or less). It is possible to turn it in a high amount with the right strategy. In conclusion on this site, you can find the best and proofed Binay Options Brokers 2020.

Read more about them in my reviews:

I recommend this article if you can not choose between the most known brokers: “IQ Option vs. Olymp Trade vs. Binomo”

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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