Top Brokers for Binary Options Traders
Binary options is a high-risk environment that has some of the best returns on investment. Are you an options trader? Are you considering this avenue as a viable investment? Just like a farmer knows that the quality of his tools matters for his harvest, we realize the importance of having the best broker. Many different brokers are usually top-rated by various lists online. Unfortunately, some of the sites do not explain why some brokers are rated so highly. It’s important to know the Top Brokers for Binary Options Traders if that’s what you want to do. In case you need guidance on choosing a broker, you’re in the right place. Here, we will analyze each of our top brokers and review their pros and cons. Your use of one of the Top Brokers for Binary Options Traders could be just what you need to rake in those profits! That said, let’s get into it.
Top Brokers for Binary Options Traders overall: OptionsHouse
A stronghold for any active and independent active options trader out there, OptionsHouse offers its users an array of tools for proper financial research. Its trading platform is web-based, customizable and has a high degree of automation. That means you can make investments wherever you are as long as you have an internet connection. Since this top broker merged with TradeMonster a few years ago, their platform’s user interface has drastically improved. Their customer support is top-class, and the fact that you can change so many widgets on the platform to suit your taste makes OptionsHouse easy to use.
Powered by many tools, users on this top broker platform can explore different scenarios without necessarily putting money on the line. This access to ‘what-if’ analyses can enable users to make more informed decisions and stand a better chance trading money in the live markets. While using their mobile app, you can also set up trigger alerts. These will make pre-populated orders on your behalf and thus allow you to enter the market at your desired time. As such, it could be convenient for very busy people. What’s more, there is no minimum amount required to start investing.
Top Brokers for Binary Options Traders when spending small: eOption
The active options trader could significantly benefit from using eOption’s low-cost platform. One of the best options brokers in the market today, eOption stands out for their lesser pinch on your pocket. Incredibly, the broker charges a $3 base charge coupled with $0.15 for each contract. Sometimes, this top broker charges the least margins in the market. On the flip side, the broker charges an inactivity fee of $50 annually in case you haven’t had more than two trades in the past twelve months. However, that should not be a problem for any active trader. Additionally, they do not offer as many research tools as other top options brokers.
Top Brokers for Binary Options Traders based on trading platforms: TradeStation
Having a trading platform where you can access a broad range of elaborate tools could lead to higher profits if the tools are used correctly. Do you like reviewing charts or trends from all angles? TradeStation’s accurate tools allow users to design and monitor some of the most complex trades in the market. The fact that you do not need a go-between in your trading with this platform gets it to our list of top options brokers this year. By using TradeStation’s OptionsStation Pro, you can access a forum where traders discuss trades and often get assistance. Best of all, you only get charged $0.50 per contract.
Use one of the Top Brokers for Binary Options Traders and start trading today.
