As you probably know, binary options are treated as mostly all-or-nothing bets. In other words, thee are financial derivatives allowing you to know your risk and potential reward in advance and therefore plan your trading accordingly. Make a correct prediction and profit if the option is in the money on expiration. It is that simple.
Indeed, the relative simplicity is one of the key reason why binary options are so popular with contemporary traders, especially for those FX traders who are just getting their feet wet and have little to zero expertise in trading currencies. Binary options are way easier to trade than the conventional spot Forex market. This is an excellent opportunity gain some experience. Still, intermediate and advanced traders (especially intraday traders) do not mind trading binary options as well since they can be potentially more profitable.
All of the mentioned factors give you more control over trading, which further translates into much more impressive results binary traders capitalize on. Still, all traders cannot do without reliable brokers. They need them to access the market, and binary brokers are no exception. In order to find out which binary brokers are worth paying attention to and trusting your money with, you may send quite a lot of time and effort. In other words, choosing a reputable binary broker can be a true challenge.
Still, there is a way out. Not so long ago, Masterforex-V Expo introduced a new rating of the industry’s most reputable binary brokers. The rating is unbiased since it is based on quantitative criteria (all in all, there are over 20 of them). At the same time, it is updated on a monthly basis to let you know about the latest changes in the industry. The latest update of the binary broker rating took place in March 2016. Here is the updated rating:
TOP 5:
- Any Option.
- IQ Option
- Stockpair
- Binary360
- OptionFair
They are followed by:
- 24option
- XLoptions
- CitiTrader
- uTrader
- Verum Option
- PhenixOption
- OptionsClick
- Zoomtrader
- OptionBit
- Trading247
- First Binary Option Service
- GOptions
- Trade770
- Unioption
- Banc De Binary
- TradeQuicker
- Global Trader 365
- MarketsWorld
- Binary.com
- EZTrader
- FrontStocks
- gtoptions
- iOption
- Dragon Options
- TradeRush
- Cedar Finance
- Opteck
- Binomo
If you want to support a certain broker by voting for it, go to the corresponding page of the website and help us determine the best binary option broker in 2016. Please keep in mind that only one vote per IP is allowed.
