Best Binary Options Brokers for 2021 – Top 10
Traders need to make the right choice of a binary broker without relying merely on their experience in the Forex market, as this will raise the efficiency and convenience of trading. You do not need to collect information on various brokers and their trading conditions anymore. We have done this for you below. Our listing order is based on real feedback from traders, as well as numerous additional factors.
TOP 3 Binary Brokers for 2021
If you want to make a quick decision and not spend a lot of time studying the full ratings list of binary brokers, you can choose with confidence from the three best companies that we have selected for you. They are better than the other brokers in the binary options market based on a combination of parameters. When determining the Top 3 companies, we evaluated the convenience of the terminal, the number of trading instruments, the size of commissions and bonuses, as well as the financial conditions for work. Here are the three winners offering the best conditions in the Forex market:
Complete List of Top Binary Options Brokers for 2021
Experts at the Traders Union regularly analyze existing binary brokers, evaluate their activities against more than 120 unique evaluation criteria and methodologies that are applied equally to every company on the list. Comprehensive and objective comparisons make it possible to create the most objective ratings list of brokers offering binary options.
Compare and Contrast Two Binary Brokers in the Ratings List
Traders often find several binary companies in the ratings list that best suit their trading goals. In such a situation, to choose the best binary broker, you need to focus on the following criteria:
"Age" of a binary broker.
Offices and representative offices
The quality of customer service.
Customer reviews and feedback are very important.
Position in the Traders Union rating.
Changes to the Positions in the Top 5 List of Binary Options Brokers for the Last Quarter of 2021
How to Analyze Companies in the Rating of the Best Binary Brokers
The rankings table below shows the best binary brokers with the highest indicators for the previous month in descending order. Each broker receives an overall score based on our comprehensive analysis. This score determines the position of a broker on the ratings list. Scores can change over time, as brokers constantly change the working conditions for their traders, and because some binary brokers develop and improve; whereas, others don’t. That is why we update the ratings list each month.
You can get more detailed information about each of the binary brokers from the ratings list by clicking on the Profile and Reviews buttons opposite the company’s logo. Also, you can go to the official website of a broker using the ratings list and register to open a training demo account with a virtual deposit and practice trading. Demo accounts are opened free of charge.
Average Score of the Top 5 Binary Options Brokers
Best Binary Brokers for Novice Traders
The best options for novice traders are brokers with a low entry threshold, such as a low minimum deposit and minimum rates. The availability of bonuses is also important because they enable a trader to make the first real bets without risking a substantial investment.
Best Binary Brokers for Novice Traders
Again, a binary broker needs to have a license. Many companies have been successfully working for 10 years without a license, but traders still try to choose those binary brokers that are properly regulated. Here is a list of the best licensed binary brokers:
Brokers are obliged to indicate license numbers on their websites. License numbers can be verified at the website of their respective regulator.
Methodology Used to Create the Binary Rating by Traders Union
The Traders Union experts' approach to the analysis of binary brokers is unique because our specialists evaluate not only nominal indicators such as the age of the company and its trading conditions, but we also include a selection of the reviews about brokers that we have collected over 10 years. Also, hundreds of thousands of our member-traders regularly trade with various brokers and provide us with the statistics of their trades. Besides, they are constantly chatting on the forums, giving experts first-hand information. Our methodology is a universal analytical matrix that takes into account various aspects of a binary broker's work. That allows us to achieve the highest level of objectivity when evaluating companies.
Table with the categories of criteria for evaluating binary brokers
Expert’s Opinion | Traders Union
The Traders Union analytical department has been operating for over 10 years. During this time, we have formed an extensive range of specialized algorithms for analyzing binary brokers. We can say without exaggeration that no other Internet site has such a complete database or in-depth experience for evaluating brokerage companies.
It is also very important that our ratings of the best binary brokers is not static. The work of the analytical department does not stop even for a minute. We keep track of all the news about binary brokers, study the latest reviews about them, and follow the changes in their trading conditions. We are aware of the state of affairs in the binary market at any moment and we keep you informed.
If you do not have special requirements for a binary broker, then we recommend using the TOP 3 ratings list. If you have preferences for a broker's license or you are a novice trader and taking your first steps in the field of binary options, then also include the general ratings list. It may be useful for you to study the customized ratings list. Consider pre-registering at the Traders Union website to receive additional bonuses.
Updates for the Binary Options Broker Ratings List
Latest Reviews of the Binary Brokers on the Top 10 Ratings List
About the Author of This Review
Top 10 Most Discussed Binary Brokers
This table lists the ten most-discussed binary brokers that are being reviewed and included in traders’ comments in the thematic sections at the Traders Union forum.
You can also provide a review of any binary broker you have worked with. To do this, go to the page with the profile of a given broker in our ratings list and click on Reviews.
How to choose a binary broker from the Top 3?
All the leaders on the ratings list are the best brokers for the current month based on a comprehensive comparison. However, each has its own commissions, number of assets, type of trading terminal, etc. You should compare them carefully and decide which one will be best for you, based on your personal goals and needs.
Where to read reviews about binary brokers?
Each binary broker on our ratings list has a personal page containing its profile. You can study the information about this company on their respective pages, including its latest reviews. You can also write your own review there.
How to open an account with a binary broker through Traders Union?
To do this, you first need to register at the Traders Union website. After that, at the website of your chosen broker click on the link for the Traders Union website. After you create your account with your broker, enter its number in your personal account at the Traders Union website in the Accounts section. Done!
Why register with a broker through Traders Union?
Traders Union provides its members with financial bonuses: for example, it returns a part of the spread and arranges contests between novice traders on virtual accounts with real prizes.
What is a binary broker?
A binary broker is an officially registered company that specializes in providing traders with the ability to trade in collated options, such as currency pairs, commodities, stocks, or indices. A binary broker offers a trader an electronic trading terminal, quotes, additional options, and charges a commission on successful transactions.