Unlike online casinos and poker sites, binary options brokers offer a range of easy credit card deposit options. This makes funding your trading accounts quick and simple. Armed with little more than a Visa or MasterCard, you can make a deposit and start trading within minutes.
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Binary Options Brokers With Credit Card Deposit Options
As the binary options trading industry continues to grow, new brokers have been coming out of the proverbial woodwork. We plan to eventually review several of them. Until then, they remain unproven to us. We strongly recommend sticking to the brokers on our recommended list. Each one has been reviewed, and has demonstrated a consistent track record of reliable payouts and responsive customer support. Both features are major advantages in this burgeoning industry.
- Banc de Binary – Current payout percentages range between 70% and 90%. The minimum deposit by credit card is $500, which is higher than most of the other brokers on our list. But keep in mind the minimum trade is only $10. That’s one of the lowest we’ve seen. You can choose from a variety of instrument types, such as up/down, touch/no touch, and range options. Banc de Binary also offers access to Option Builder, which you can use to customize certain facets of the trades you execute. Take a moment to visit bbinary.com. Register your account, check out their trading platform, and “test” their customer support staff.
- 24Option – We’ve been big fans of 24Option ever since we subjected them to our review process. They offer payout percentages on some in-the-money trades that climb past 300%. They also provide access to numerous assets, including gold, silver, stocks, currencies, and indices. You’ll find the most popular binary option types (up/down, touch/no touch, range, etc.) at your fingertips along with a top-notch support staff at your beck and call. Visit 24Option.com to get started trading.
- AnyOption – Minimum credit card deposits are only $100 at AnyOption. Once the funds are in your account, you’ll be able to trade binary options backed by more than 60 underlying assets. The instruments are accompanied by expirations ranging from 15 minutes to 1 month. This broker offers a lower payout percentage than its competitors (65% to 71%), but provides a 15% rebate on out-of-the-money trades. You can even use their mobile app to execute trades from your phone. Visit AnyOption.com today, create your account, and take a few moments to explore their trading platform.
- Ikko Trader – This broker has been a favorite among European traders for awhile, and has been making big gains with U.S. binary options traders. You can trade instruments based on several stocks, currency pairs, indices, and commodities. You’ll also have access to Option Builder to tailor your instruments. Around-the-clock customer support can help resolve any issues that surface along the way. Visit Ikko Trader today to claim a generous sign-up trading bonus.
- OptionBit – OptionBit is offering a trading bonus worth up to $500 to new members. The minimum deposit is only $100 and minimum trades are held at a low $10. Payout percentages on most instruments range between 65% and 81%, though some currency pairs offer returns that climb up to 200%. You’ll have access to up/down, touch and no touch, and range options, as well as “Extend,” a feature that lets you “extend” your trade’s expiration date to give it more opportunity to become profitable. Visit OptionBit today to register your account, and lock in your bonus.
Visa Binary Options Brokers
- Banc De Binary – Visa deposits fast, easy and secure
- 24Option – Visa accepted easy
- TradeRush – Takes all Visa’s including Visa pre-paid debit cards
- AnyOption – Visa Allowed for deposits
MasterCard Binary Brokers & Trading Sites
The following binary options trading sites take Mastercard for deposits.
- Banc De Binary – Mastercard deposits
- 24Option – Master card ok
- TradeRush – Takes all Mastercards including Visa pre-paid debit cards
- AnyOption – MasterCard allowed for deposits
American Express (AMEX) Binary Options Brokers
American Express is a bit less widely accepted as Visa and Mastercard by the binary trading sites. However, some sites do accept Amex deposits, listed here:
- OptionBit – we are still researching which brokers take AMEX for payments
Important Binary Broker Credit Card Deposit Details
Below, we’ll explain the benefits of using your credit card to fund your trading accounts. You can use other options, such as wire transfers and e-wallet services, but there are compelling reasons to use your Visa or MasterCard. For other deposit options click here. We’ll also point you to binary options brokers that accept credit cards for deposits and withdrawals.
Advantages Of Using Credit Cards To Fund Your Binary Options Accounts
One of the biggest advantages of using your Visa or MC to make deposits into your trading accounts is that the funds are available almost instantly. It takes very little time for brokers to clear the transactions. They don’t need to wait 10 days or more for the funds to clear. You can start trading immediately after funding your accounts. Contrast this to wire transfers, personal checks, and e-wallet services, all of which impose wait times of varying lengths.
How easy is it to get started? Pick an asset, select an expiration date, choose the amount of money to put at risk, and execute the trade. That is all there is to trading binary options. This relatively new method of trading assets, such as gold or silver, or stocks, currency pairs, and commodities, has dramatically simplified options trading. There’s no need to apply the Black-Scholes model to value options; you no longer need to know the difference between interest rate puts and callable bear contracts; and you don’t have to know about straddles, butterfly spreads, and other complicated strategies.
Another advantage is that your card issuer is unlikely to charge fees to process the deposit for you. Use the money you save to take advantage of high-return binary options.
Funding your accounts with credit cards also gives you more control over your money. The binary options brokers we recommend allow you to deposit less money with a Visa or MasterCard than you would need to via a wire transfer. This provides more financial flexibility, especially if you’re using more than one broker to execute trades (an approach we recommend).
Can You Make Withdrawals To Your Credit Cards?
If you have ever participated at poker sites that accept Visa and MC, you’re aware they do not allow you to withdraw funds back to your credit cards. There are too many legislative roadblocks to make doing so possible. Binary options brokers are not constrained by the same draconian laws as poker sites. As a result, many of them will send funds back to your card if you request them to do so.
There are a few details worth noting.
- First, withdrawals sent back to your credit cards usually take at least two or three days to process, and often up to five or six days. The lag time is due to processing on both the part of the binary options broker and your card issuer. This is the case regardless of which broker executes your trades.
- Second, if the amount you’re withdrawing to your card exceeds the amount you deposited with the card, some brokers will send the excess to you via wire transfer.
- Third, you may need to provide some form of identification before the withdrawal is processed. This usually includes a photo ID, proof of address, and photos displaying the front and back of your credit card. You will not need to go through this process when using the broker’s credit card deposit options to fund your account.
- Fourth, some binary options brokers charge a nominal fee to process credit card withdrawals. For example, 24Option.com allows one free withdrawal to your Visa or MasterCard each month. Each additional withdrawal costs $30.
The flexible credit card deposit options prevalent among the top binary options brokers make getting started quick and easy. If you’re uncertain where to begin, we recommend spending a few minutes at each of the 6 brokers profiled above.