Best binary options brokers with rollover

What is rollover?

Rollover is a feature often offered by binary options brokers to traders. It allows the trader to extend the expiration time of a trade if it appears that the original prediction will not be correct. This feature can give the trade more time to potentially become profitable or minimize losses if the trade is not going well.

How does rollover work in binary trading?

To use rollover, the trader must select the option to rollover the trade before the original expiration time. The broker will then extend the expiration time by a predetermined amount of time, usually a few hours or a day. The trader will typically need to pay a fee to use rollover, and the terms of the rollover may vary depending on the broker and the specific trade.

Rollover can be a helpful tool for traders who want to give their trades more time to potentially become profitable or who want to minimize their losses if the trade is not going well. It is essential to carefully consider whether rollover is the right option for a particular trade, as there are potential risks and costs involved. Some brokers may also have restrictions or requirements for using rollover, so it is important to be familiar with these terms before using the feature.

What is a double-up option?

The double-up option, also known as the "double-up feature," is a feature offered by some binary options brokers that allow a trader to double their investment in an open trade. This can be done by purchasing an additional option with the same prediction as the original trade and with the same expiration time.

For example, suppose a trader has an open trade on the EUR/USD currency pair and predicts that the EUR will rise against the USD. If the trade is going well and the EUR is indeed rising against the USD, the trader may choose to use the double up option to purchase another option with the same prediction. If the trade ends up being successful, the trader will receive a profit on both options. On the other hand, if the trade is not going well and the EUR is not rising against the USD as expected, the trader may use the double up option to minimize their potential losses by effectively doubling their investment in the trade.

It is important to note that the double-up option is not available on all trades, and some brokers may have restrictions or requirements for using this feature. For example, the trader may need to meet specific account requirements or may be required to hold a certain amount of funds in their account to use the double up option. Additionally, the double-up option may not be available for all assets or for all types of trades. Therefore, it is essential to carefully consider whether the double-up option is the right choice for a particular trade, as there are potential risks and costs involved. Using the double-up option can increase the potential profit or loss on a trade, so it is crucial to understand how it works and its potential consequences.

Best binary options brokers with rollover

1

9.4/10

Go to broker

Your capital is at risk.

Minimum deposit:

$5

Review

CloseOption is a binary options broker that was registered in Georgia in 2013 and operates under the supervision of the National Bank of Georgia. It provides its clients with trading in pairs with fiat currencies and cryptocurrencies through a proprietary web platform. CloseOption’s services are used by over 2 million traders worldwide, including the United States. The broker specializes in active options trading but also offers an affiliate program to generate passive income. More than ten payment systems are available to CloseOption clients for depositing and withdrawing funds, with the majority of them allowing fee-free transactions.

Pros/Cons

•licensed by a reputable financial regulator;

•loyal first deposit of $5;

•size of payments increases as trading volumes increase;

•money prizes for trading with virtual funds;

•many ways to contact technical support that operates 24/7.

•a small range of trading assets;

•clients cannot trade with leverage;

•payments on accounts with small deposits are lower than those of competing brokers.

Study Review

2

9.2/10

Go to broker

Your capital is at risk.

Minimum deposit:

$100

Review

IQcent is a Marshall Islands-registered broker that offers access to online CFD and binary options trading. The company accrues many bonuses to customers and allows you to use electronic payment systems for depositing and withdrawing funds. IQcent offers a proprietary terminal with built-in technical analysis tools that support standalone and copy trading. The company also has a trading platform for mobile devices (mobile app). IQcent clients get trading access to the following instruments: binary options, CFDs on stock indices, gold, silver, currencies, and cryptocurrencies. In total, more than 100 trading instruments are available to IQcent clients. The company does not charge commissions for making a deposit, withdrawing funds in cryptocurrency, and maintaining a trading account. IQcent provides clients with access to primary training articles and guides and uses modern technologies to ensure the safety of client funds and users' personal data. 256-bit SSL encryption, 3D Secure, and Visa MasterCard Secure Code are used to achieve these goals.

Pros/Cons

•A simple but functional web trading terminal that does not require installation and is compatible with most devices.

•Regular update of bonus programs.

•The ability to receive additional income for attracting new customers.

•Access to trade in more than 100 financial instruments, including currency pairs, cryptocurrencies, stock indices, gold, and silver.

•Availability of useful tools such as technical and fundamental analysis tools, a section with current news, and an economic calendar.

•The support team, including online chat operators, is available 24/7.

•IQcent does not provide MetaTrader terminals.

Study Review

How to trade binaries with rollover?

The experts at TU have prepared a step-by-step guide to trading binary options with rollover:

1. Research brokers : Before you begin trading, it's important to research and compare different binary options brokers to find one that offers rollover and that you feel comfortable working with. Consider factors such as the broker's reputation, fees, and the types of assets they offer.

2. Open an account : Once you have chosen a broker, you will need to open an account and fund it with the amount you want to use for trading.

3. Understand rollover: Make sure you fully understand how rollover works and the fees and risks involved before you decide to use it. Rollover allows you to extend the expiration time of your trade, but it usually comes with an additional cost.

4. Choose your trade: Select the asset you want to trade and decide on the direction of the price movement (i.e., whether you think the price will go up or down).

5. Monitor your trade: Keep an eye on your trade as it approaches expiration. If it looks like it may expire out of the money (i.e., result in a loss), you may have the option to use rollover to give it more time to expire.

6. Use rollover wisely: If you do decide to use rollover, make sure to use it wisely and consider the risks and costs involved. In addition, it may be helpful to have a clear strategy in place for when and how to use rollover.

Remember, trading binary options with rollover can be risky, and it's important to thoroughly understand the underlying assets and market conditions before making any trades.

Methodology for compiling our ratings of binary options brokers

Traders Union applies a rigorous methodology to evaluate brokers using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.

Key aspects of the assessment include: