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Best Binary Options Brokers for 2021 – Top 10

March 2021

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.

The affirmative incorporation of new technologies into a broker’s operations, the local and global stability of the company, and the trade growth of the brokerage company also influence the popularity of the broker and its position on the ratings list. The information on the ratings list is regularly updated. Traders can instantly access the current position of brokers in the Forex market.

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.

Position

Overall score

Broker

Min. deposit

Trust rating

Add to comparison

Position: Logo Binary.com
9.6
Broker

Binary.com

Min. deposit:

5

Trust rating:

100 of 100

All reviews

STUDY REVIEW

Position: Logo IqOption
9.5
Broker

IqOption

Min. deposit:

10

Trust rating:

95 of 100

All reviews

STUDY REVIEW

Position: Logo ExpertOption
9.4
Broker

ExpertOption

Min. deposit:

50

Trust rating:

92 of 100

All reviews

STUDY REVIEW

Position:
4
Logo Binomo
9.3
Broker

Binomo

Min. deposit:

10

Trust rating:

87 of 100

All reviews

STUDY REVIEW

Position:
5
Logo Corsa Capital
9.2
Broker

Corsa Capital

Min. deposit:

1

Trust rating:

82 of 100

All reviews

STUDY REVIEW

Position:
6
Logo OlympTrade
9.1
Broker

OlympTrade

Min. deposit:

10

Trust rating:

77 of 100

All reviews

STUDY REVIEW

Position:
7
Logo Yardoption
9
Broker

Yardoption

Min. deposit:

100

Trust rating:

73 of 100

All reviews

STUDY REVIEW

Position:
8
Logo Utrader
8.9
Broker

Utrader

Min. deposit:

200

Trust rating:

68 of 100

All reviews

STUDY REVIEW

Position:
9
Logo PocketOption
8.8
Broker

PocketOption

Min. deposit:

50

Trust rating:

56 of 100

All reviews

STUDY REVIEW

Position:
10
Logo Binarycent
8.7
Broker

Binarycent

Min. deposit:

250

Trust rating:

41 of 100

All reviews

STUDY REVIEW

Position:
11
Logo Nadex
8.6
Broker

Nadex

Min. deposit:

250

Trust rating:

32 of 100

All reviews

STUDY REVIEW

Position:
12
Logo Ninjatrader
8.5
Broker

Ninjatrader

Min. deposit:

50

Trust rating:

24 of 100

All reviews

STUDY REVIEW

Position:
13
Logo Ayrex
8.4
Broker

Ayrex

Min. deposit:

25

Trust rating:

15 of 100

All reviews

STUDY REVIEW

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.

In our opinion, companies founded only 1-2 years ago are not yet reliable. They don't have enough experience to deal with crises. They have not proven themselves in the market and are not as sensitive to their own reputation as are veteran brokers.

Regulation.

A binary broker can operate without a license, but you should not choose such a broker, because it does not report to any governing authority and may well turn out to be a scammer or a financial pyramid. It is recommended to choose a broker with a level 1-4 license from an authorized regulator.

Offices and representative offices

If a binary broker is registered in the British Virgin Islands and has an office there, this is a reason to give it serious consideration. The best binary options brokers, who have been successfully offering their services for a long time will have an extensive network of representative offices.

Trading conditions.

Each binary broker has its own trading and non-trading commissions. Some use only a couple of dozen assets, others have several hundred assets. The combination of all these parameters determines how comfortable it is to work with a given broker and whether it is right for you.

The quality of customer service.

The best binary companies carefully monitor their technical support because the quality and level of service reflects their approach to work and guarantees customer assistance when needed. It is not recommended to choose a broker with slow, incompetent, or non-responsive customer service.

Customer reviews and feedback are very important.

However, you should take into account only reviews posted at independent sites such as Traders Union because some brokers write their own reviews on their platforms, so such reviews cannot be deemed trustworthy. Try visiting unrelated and objective sites for more reliable data.

Position in the Traders Union rating.

Many people correctly believe that this criterion is key because experts at the Traders Union evaluate the best binary brokers according to all the above parameters and several dozen other elements. By doing so, we commit to providing you with the most objective and comprehensive ratings of brokers.
The Traders Union ratings list of the best binary brokers is kept current with a monthly update.
Please note
The Traders Union experts have direct access to the statistics of all the binary brokers who are partners with the Union through their participants who register their brokerage accounts with Traders Union. No other platform can analyze and compare these indicators in different companies. That is why the Traders Union rating list has no analogs or competitors in terms of the depth and objectivity of analyzing binary brokers.

Changes to the Positions in the Top 5 List of Binary Options Brokers for the Last Quarter of 2021

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

To simplify the process of choosing a binary options broker that will be the best for you, we have made a selection of additional ratings. Below are two customized ratings that include (i) a list of binary brokers that are best suited for novices and (ii) a list of companies based on their respective license type.

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.

The minimum for binary options and trading Forex tools is $2. The proprietary-developed platform is one-of-a-kind in this segment. It combines the binary options and the functionality of Forex terminals. The leverage is up to 1:500, with no bonuses provided.
The minimum deposit is $10, the minimum rate is US$1/ Eur. The company provides a service for trading classic types of options. There are cashback and investment insurance in case of a loss. There is a bonus system, and tournaments are periodically held on demo accounts with the opportunity to win real money.
Here, the minimum deposit is only US$5, and the minimum bet is the smallest among the Top 5, which is US$0.51. There are no bonuses, but there is an extensive selection of training programs for novices. Also, the trading platform that this broker offers is simpler and easier to master.

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:

Broker
Regulator
MFSA, FinaCom, VFSC, BVI FSC, Labuan IBFС
FinaCom
FinaCom
NFA
CFTC
VFSC

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

Criteria
Elements in each criterion
Financial
40
Reliability
31
Security
27
Trading conditions
18
Customer service
10

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.

Antony Robertson
Traders Union trader-analyst

Updates for the Binary Options Broker Ratings List

Latest Reviews of the Binary Brokers on the Top 10 Ratings List

Logo MFX Broker

MFX Broker

sigitjokdja

28.04.2021

Comment

I invested $ 11,000 in MFX broker in 2017. I thought I'd get a good profit. But I couldn't eat my money. In May 2017, my withdrawal requests were rejected three times and I was required to go through verification. Then the technical support service stopped responding to my requests altogether. A month later, the site mfxbroker.com stopped working altogether.

Logo RORG

RORG

lhet0512

07.04.2021

Comment

Leaving RORG. wondering why I didn't do it before. the application does not work intermittently. take a commission to withdraw their own money. I have not seen such nonsense anywhere else.

Logo Banc De Binary

Banc De Binary

rachithmadusanka

07.04.2021

Comment

Awful application, incorrect information, hidden commissions, for speculation by, you earn for the broker, not for yourself. You can't get through to support. I do not recommend it unambiguously.

Logo Ukoptions

Ukoptions

Artur

06.04.2021

Comment

For three days of constant calls, it is unrealistic to get through to client managers. (I already doubt they exist). The letter in support from 6/01 was answered "will we figure it out" really? for the 21st year of the 21st century? They say there are a lot of requests, there are more clients. and the fact that more managers need to be hired will come to mind when clients leave?

Logo Grand Capital Ltd.

Grand Capital Ltd.

dinar

29.03.2021

Comment

The company Grand Capital cancels the transaction. These trades are considered by the company to be invalid due to non-market quotes. I usually trade on the news, I made about $ 2000. And broker Grand Capital canceled my profit. I do not recommend this broker.

Logo Yardoption

Yardoption

malwennas

28.03.2021

Comment

Broker Yardoption is a scammer. The company's managers invited clients, persuaded clients to fund a trading account, and then they blocked these accounts. A lot of traders were unable to withdraw money from here. There are many negative reviews about Yardoption on the Internet.

Logo HY options

HY options

mn_irshadmohamed

28.03.2021

Comment

Before trading with HY options, think carefully, money is constantly disappearing from the account, the last straw was 40% of the daily profit, they did not find support even in the terminal, the screen was sent and silence, apparently the broker dropped to the usual kitchen. the application is buggy all the time, sometimes it hangs not in your favor. the desire to cooperate with them was discouraged.

Logo Grand Capital Ltd.

Grand Capital Ltd.

mal

24.03.2021

Comment

Grand Capital is very weak in terms of brokerage services. Although the website claims that Grand Capital has the lowest spreads, in fact the spreads are quite common. But the technical support is not professional at all. The usual questions are answered for a long time.

Logo Yardoption

Yardoption

shah02

24.03.2021

Comment

There are many negative reviews about the YardOption broker on the Internet. When a client credits money to an account, then he is provided with the service of a personal manager and analyst. They provide market analysis and entry signals. It is on such analyzes that clients lose money.

Logo Corsa Capital

Corsa Capital

MDFaruk

23.03.2021

Comment

Money is paid out without problems, but orders are executed within 30 seconds. You can only play with take profit and stop loss.

All broker reviews

About the Author of This Review

Flynn Simpson
Independent analyst trader
  • ● In 2004 he graduated from the National Research University Higher School of Economics, specialization - state and municipal administration;
  • ● From 2008 to 2012, he worked as a junior analyst trader in the American broker company TD Ameritrade;
  • ● From 2012 to 2017, he worked as a senior and then freelance analyst trader at Interactive Brokers, the oldest international broker company;
  • ● From December 2017 till present he works as independent analyst trader, freelance specialist of the Traders Union trader association;
  • ● In 2020, personal experience in the Forex market is 18 years.

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.

Please note
Note that a discussion about a broker is not a sign of high or low positions. However, this may be a reason to pay attention to the company to find out why it is being discussed so much. Perhaps, it abruptly stopped fulfilling its obligations to traders or, conversely, introduced new unique conditions. Here are the Top 5 most discussed binary brokers:
Broker
Number
of comments
Finmax
147
Binomo
118
Olymp Trade
56
Binary
48
Corsa Capital
43

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.

FAQs

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.