Hi there, welcome to our short list of recommended binary options brokers.
Top 10 Binary Options Brokers – 2016
Last updated 10/31/16
There are hundreds (actually over one thousand) of brokers available, but few that I feel comfortable listing on my legit list. By finding the legit brokers with the best reputations in today’s binary option markets while avoiding the scam trading sites we give ourselves the best possible chance of making good money trading binaries.
It is somewhat unfortunate that we have to be so careful in choosing which broker we trade with. However, nefarious or not, our governments around the world dictate what adults can do with their money. They regulate business, for better or worse. They say who can and can not play in their playground. So that means that most of the binary trading sites we list operate in European countries.
The truth is that many of the new and existing brokers are unregulated by the major governmental regulatory agencies. This, and greed, has led to many fraud brokers operating in the past and into today. To put it lightly, the binary options industry is rife with fraud, cheats and deception.
Just go to the home page and scroll to the bottom. There are thousands of complaints from traders.
That is where we come in. There are some high quality, reputable and legit binary options brokers you can feel safe trading at. Let me be clear this does not mean that you will not lose money! You might or you might not. Binary options are risky in general.
There are regulated, legit and honest brokers available today. Be picky. Invest carefully.
With big reward comes big risk. Know this up front and be okay with it before you begin trading.
Just make sure you find the right binary options brokers because if you are lured in by a shady, unethical broker then it is virtually impossible to think that you are going to profit and you very well may not get your deposit back, either.
We want to help you find the best place to trade binary options by helping you first avoid the rogue brokers and then comparing the legit brokers to find one that suits you. We have spent thousands of hours researching trading binary options and the different brokers. We are compiling this information to build out this directory of top binary brokers of 2016. Find the best place to trade binary options online right now from our list of brokers.
I debated the best way to list the good brokers and finally decided on creating this page. A “Top 10 Binary Options Brokers” list that I update as often as needed. Things are constantly changing in this environment and we work to stay on top of it for you.
Binary options trading is risky as hell by itself. And, while the brokers market is maturing it is still in a ‘wild west’ phase. Brokers are popping up left and right. Some of them have huge marketing budgets and pay a lot of money to bring in new players. Even though the CBOE regulated binary options trading in 2007 making it a legitimate form of trading in of the financial world. Binary options trading sites offer huge returns fast in exchange for a substantial risk.
Big money, big risk.
You can make more money in 60 seconds than many people make all day if you are willing to take a risk. How?
Select a legit binary broker from our top list above and create your account. Deposit what you are willing to risk and start trading binary options for money.
What To Look For When Selecting A Trading Site
Here are the things that most traders find important when looking for the right place to trade binary options. Your needs may vary and you can take a closer look in our binary options broker comparison chart. Our comparisons are different than the ratings and reviews. The comparisons tell you things like what types of deposit options are available, what type of binary option trade they offer, and a look at the best returns.
- Reputation is everything (regulation is not) – Reputation is more important than any sort of regulatory seal of approval. There are un-reputable sites that claim regulation and very reputable brokers who are un-regulated
- Payouts are timely and consistent – Never deposit at a site that has a history of bad payouts.
- Returns are competitive – Why risk the same amount of money with a smaller return? Find two brokers you like and compare their returns for the same trade. Go with the one with the highest return.
- Types Of Binary Options Available – If you are looking to trade the less common types of binary options like the range options, one touch or other more exotic style of binary option then you will need to find a broker that offers that type of trade. The common ‘up-down’ binary option choice is available at all brokers.
- Types of Assets – Some binary trading sites offer more assets to trade than others. If there is a particular stock you want to trade or if you want to trade commodities like gold, silver and oil then you need to find a broker with the asset you want.
- Personal Account Manager Or Not – Do you want someone to walk you through your trades? Do you just want someone to discuss your trades with? Some binary trading sites, ex 24option, have very active personal account managers. You get an account manager who will trade with you every step of the way. Newbie or not. Other sites are less focused on building an account manager relationship with you.
To learn more about the recommended brokers, read the binary options reviews or compare binary options brokers with our broker comparison table and most of all read the hundreds of comments from other real life traders before your deposit your hard earned money.
Look At The Trading Platforms Used
There are only four binary trading platforms available today. Virtually all of the brokers white list from the same small group of platform providers. There are well over 100 different brokers white-listing the trading platforms. You can learn more about the binary option trading platforms available and find our recommended brokers for each platform.
Avoid Binary Option Scam Sites
Scams happen in virtually all businesses. Binary options trading is no different. Actually there are way more scams in the binary option world right now than there are many other industries.
You must choose a trustworthy, legit and safe binary options broker.
Most importantly is that they are reputable and that they pay out consistently!
We keep up to date with the binary options brokers and the different binary options trading communities. When we come across news or information of note about a particular binary broker, we will update our review timeline with a link so you can go learn more yourself. If things turn too bad, the broker is added to our binary options blacklist.
About BinaryOptionsBlacklist.com – Complaints Board, Trader Warnings & our “Best Of” Top Lists
This website was first launched in April of 2012. We have a passion for binary options trading and helping make sure that new traders have well informed choices about which binary option broker to join. The only way we know how to do that is to let actual traders post their comments, ratings and reviews.
BinaryOptionsBlacklist.com is the one resource that lets user comments go un-moderated (except obvious spam or anything illegal etc). We share the positives and the negatives of all the binary options brokers we list on this site so you can fairly and accurately decide if you want to trade there.
We live by the motto that you as someone who has found this site is smart enough to know a fake review from a real one when you read it.
That is why our binary options reviews are different. They are driven by traders themselves as much as they are willing to participate.
Sure, we focus on our choices of the best binary options trading sites online and for full disclosure you should know that it is quite possible that we earn advertising dollars for creating and maintaining this site. We are not a guide on how binary options work, or a resource for binary strategies that win. There are a small but growing list of quality resources like that already available.
However, there are few legitimate binary options broker review and rating sites on the market.
We created this site to list the good and the bad about the binary options brokers out there. You can see our lists of best binary options brokers and you can see our binary options blacklist which is made up of brokers that we wouldn’t deposit a dime of our own money.
We last updated our best of brokers list and paid most attention to trader complaints, allegations and related activities. The brokers on our list are by no means squeaky clean in terms of complaints from traders. Even the best brokers in the world have the majority of their traders lose. These traders need someone to blame and they blame the broker. That is why you will find tons of complaints and comments on this site itself that are negative in nature even to our top rated brokers. Trade safely and with money you can afford to lose.