Top managed binary options account
Best binary option managed account - Pocket Option
TOP binary option managed accounts:
Pocket Option - best for beginners
QUOTEX - best platform at all
Binarium - best for turbo options.
Binary.com (Deriv) - most trusted broker
Expert Option - best in terms of available assets
For many investors, the dream of leaving their 9-5 job and gaining complete control over their schedule is a powerful motivation. But navigating the complex world of investing can feel intimidating, even for those with a lot of patience and research skills. This is where managed binary options accounts come in - they offer a promising pathway to that dream by taking the guesswork out of the equation.
By partnering with experienced traders through a managed account, you gain access to their insights and strategies. These professionals have spent countless hours analyzing markets, refining their methods and developing an expertise that can help grow your capital over time. Of course, trading risks will always exist. But by following a disciplined approach you believe in, your odds of success improve compared to gambling blindly on your own.
This guide presents some of the most reputable platforms where you can explore managed accounts. By vetting optional providers upfront and starting small, you give yourself the best shot at achieving long-term returns.
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How do managed accounts work?
Investors open an account on a platform, fund it, choose a trader to copy, and the platform automatically makes trades that mirror the chosen trader's actions.
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What are the benefits of managed accounts?
Access to experienced traders, learning opportunities, require low investment, provide flexibility.
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How much do managed accounts cost?
Most managed accounts are free to use basic features. Some platforms charge subscription or performance fees for elite traders.
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How do I find traders to copy?
Platforms rank traders based on stats like win rate, risk level, profits. Check long-term performance before copying any trader.
What is a binary options managed account?
For those who are yet unfamiliar, a binary options managed account is a type of service that allows you to earn money passively. This is because these types of accounts are not handled by just anyone. Rather, they are managed by a professional trader working under the name of a service provider or might be operating individually.
Moreover, these are accounts managed by other traders or professional managers. On the Forex, we are talking about PAMM, MAM, Copy trading, as well as accounts managed by professional brokers. When dealing with the binary options market, only binary copy trading has become widespread.
On the other hand, binary options copy trading means automatically copying the binary options trades another trader makes in real time. Although this may sound simple in theory, it’s more complicated than most traders realize. This is primarily because when engaged in copy trading or social trading, blindly copying trades simply isn’t enough to become successful. Rather, in order to become successful at binary options copy trading, you need to employ specific strategies in order to become successful for the long haul. Nevertheless, binary options auto trading is an excellent option allowing beginner binary options traders to make more successful trades.
Best managed binary accounts for copy trading
The best managed binary options managed accounts are:
Pocket Option
Founded in 2017, Pocket Option is largely considered the best binary options trading platform. This broker is based in the Marshall Islands and offers over 100 assets, including Forex, stocks, commodities, cryptocurrencies, and indices. The company has a good reputation and is considered safe. Pocket Option offers a demo account, easy deposits and withdrawals, comprehensive educational resources, trading signals, and technical indicators. This platform offers a demo account, a maximum payout: of 95%, a minimum trade of $1, a minimum deposit of $10, and assets such as stocks, Forex, commodities, cryptocurrency, and ETFs.
QUOTEX
QUOTEX is a broker specializing in binary options trading. The company was established in 2019. Its clients can trade currencies, metals, oil, cryptocurrencies, stock indices and earn a profit of up to 90% of the value of the option. QUOTEX has developed a proprietary trading platform which is easily customized, supports 29 technical indicators and allows investments from USD 10. The broker’s team provides support 24/7. Personal and payment information of the clients are protected with two-factor authentication.
Binarium
Binarium does its best to create comfortable trading conditions for novice traders, offering not only access to active trading, but also passive investing in trades of successful professional traders (copy trading).
Binarium copy trading service provides an opportunity to earn passive income with the best traders of the platform. In order to service, you need to log into your user account, access the Trading Room section and make a deposit of at least RUB 30,000 (or an equivalent amount). This will open access to the rating of professional traders and their trading statistics.
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A trader independently sets the parameters of an option before copying, guided by the actions taken by a more experienced market participant;
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A trader can copy trades at any time guided by a decision made by another trader and setting the expiration that matches his/her options;
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A trader does not pay a fee for the copied signals.
The service does not provide for automatic copying similar to social trading in the Forex market.
Binary.com
Binary.com, also known as Deriv, is considered the best advanced binary options broker because it offers both binary and CFD trading. It is also highly revered for its execution speed. It also offers over 100 CFDs and tradable assets such as indices, commodities, Forex, cryptocurrencies, and metals. It also offers demo accounts, a maximum payout of 85%, a minimum trade of $1, and a minimum deposit of $5.
Deriv Fees and Minimum DepositsExpertOption
ExpertOption is considered the best social binary trading platform because it offers various account types based on your original deposit. However, the minimum deposit is only $10, making it accessible to all. ExpertOption offers a demo account, which has a maximum payout of 95%, a minimum trade of $1, and offers assets such as Forex, commodities, stocks, and cryptocurrencies.
Nadex
Nadex is widely considered to be the best US-Based binary broker. This is because it offers proprietary software that allows users to filter through over 5,000 contracts based on expiry times, asset class, and prices. Its maximum payout varies. However, it offers a demo account, a minimum trade amount of $1, and a minimum deposit of $250. It also offers assets such as Call Spreads, Binary Options, and Touch Brackets.
Olymp Trade
Olymp trade is widely considered the best broker for international binary options investors. This is because it is a reliable trading platform as well as a member of FinaCom (Financial Commission) with a category A. The platform offers quick and easy deposits and withdrawals, demo accounts, over 75 assets, a maximum payout of 92%, a minimum trade of $1, and a minimum deposit of just $10. It also offers assets such as ETFs, сurrency pairs, indices, сryptocurrencies, and сommodities.
How does a binary managed account work?
If you want to use a binary managed account, you will need to do the following:
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Choose your platform: Make sure that you do your research and choose a reputable platform you can trust.
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Try the demo: Next, you will want to try the demo account. This will allow you to learn more about the platform before investing.
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Switch to a live account: Next, you will need to take the time to create a live account. This will allow you to make trades in real time and receive profits.
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Use social trading: Next, you will want to try social trading. This will allow you to copy the trades of those who are successful in binary markets.
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Find the best traders: After that, you need to find the best traders to follow.
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Copy your chosen trader: You can then copy a trader to see if you receive similar results.
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Choose the settings: Once you have the best trader for your needs, make sure you choose the copy trader setting.
How to choose the best binary managed account
Are you wondering how to choose the best binary account? Here are some of the top tips to help you get started:
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No fees or low fees: First, you need to search for binary managed accounts with no or low fees. This will help you keep costs down and earn bigger profits.
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Low account minimums: You also need to focus on binary managed accounts with low account minimums. Therefore, you will not have to worry about investing and risking large amounts of money.
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Extensive choice of accounts to copy: You should also make sure your chosen platform offers an extensive choice of accounts to copy. This makes it far more likely for you to achieve success.
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Start small: You should also look for platforms that encourage you to start small. If your account manager is more worried about higher funds, this is a red flag.
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Make sure the broker is regulated: Additionally, you may want to make sure that the broker is regulated. This can help prevent fraud and other issues.
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Check bonus offers: Many of the best binary-managed accounts offer bonuses. You may want to compare to make sure that you are receiving an optimal bonus.
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Check of demo accounts: One of the best features of a binary options managed account is the demo account. Demo accounts provide users with a free way to assess the platform and decide whether or not they want to use the paid service.
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Check the deposit and withdrawal conditions: You should also check the conditions for deposits and withdrawals. Some platforms have stricter and harsher conditions than others.
Are managed accounts worth it?
When attempting to decide whether or not a managed account is worth it, there are several things to consider. Generally speaking, managed accounts can be profitable, but profitability is not guaranteed. The potential for risks and profits depends on your choice of trader, market situation, etc. Either way, binary trading is risky for anyone, even experts. Therefore, those who choose this method of trading are advised not to invest more than the investor can lose.
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:
Regulation and safety. Brokers are evaluated based on the level/reputation of licenses and regulations they operate under.
User reviews. Client reviews and feedback are analyzed to determine customer satisfaction levels. Reviews are fact-checked and verified.
Trading instruments. Brokers are evaluated on the range of assets offered, as well as the breadth and depth of available markets.
Fees and commissions. All trading fees and commissions are analyzed comprehensively to determine overall costs for clients.
Trading platforms. Brokers are assessed based on the variety, quality, and features of platforms offered to clients.
Other factors like brand popularity, client support, and educational resources are also evaluated.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).